Doc: It has pretty much been status quo for a while now. However, we may (and we say may) have cause to believe the Maliki issue is being resolved. First there were reports that his coalition has lost up to 80 seats in parliament.
The best way to get a politicians attention is to show you will take them out of power. Even if Maliki remains his ability to dominate Parliament has definitely been diminished.
The good news hear is this is coming from multiple sources inside and outside Iraq and both public and private.
The second thing that gives us encouragement is the news quote "... on Tuesday, the Kurdish delegation agreement with the National Alliance and the federal government to pass a law of oil and gas that resolved most of the differences between Baghdad and Kurdistan, in addition to joint security arrangements for the disputed areas and resolve the problem of the salaries of the Peshmerga forces."
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We also saw a similar quote originating from Maliki's coalition. We still take a wait and see position here since these types reports have risen for several years now only to disappoint all.
We extremely hope that all the external and internal pressure on Maliki has finally forced him into serious negotiations with his political opponents.
There have also been volumes of articles now saying the "delete the zeros" project will not happen now. What is interesting is the reason given.
You guessed it - stability! As we continue to show all when these reports talk about stability they continue to refer to the political environment of a power sharing GOI.
No we don't have it and hence all reports of an imminent RV are contrary to all public information. We can also report that true knowledgeable persons inside Iraq have confirmed this.
This actually excites us since it suggests what needs to happen prior to any currency reform taking place. When will it happen is anyone's guess. We report, you decide.