I don't normally make lengthy statements regarding the economy in Iraq, but after reading a few posts within the Dinar Community, felt the urge to do so. Everyone is in shock, we have been told and its not hard to believe that Shabibi was the protector of the funds for the Iraqi people. That he had effectively drawn down the core inflation, and maintained a stable rate of the nations currency. Its not just the guru's that have helped us believe that this is a man of character, the back bone of Iraq's economy. After all he is internationally recognized, has received top awards... and also been commended by members within the Iraq Government on more than one occasion.
This will not be the first time, a grand member of society has fallen from grace. For whatever reason, Dr. Shabibi lost interest for maintaining the integrity of the people and the economy. Who knows why one would risk even the position that he had worked so hard for, let alone walk away from the people that put so much faith in him. Possibly because being elevated into freedom without constraints, controls, rise to popularity, and protection of constitutions, they sometimes begin to think they are untouchable.
None of that matters now... it has happened. Warrants have been issued and evidence suggests that Shabibi may have turned his back on the Iraqi people possibly as much as three years ago. He wanted to re-denominate the currency, which is a LOP, something so many have, convincingly tried to explain away, because it goes against everything that we have come to believe is actually supposed to happen. I personally am guilty of believing the NO LOP theory too, WHY WOULD HE DO THAT? Yep, turns out, LOP "WAS" in Shabibi's plans... and for what? To cover up his own corruption. Why do you think he didn't want to talk about the dinar at the Financial Conference in London? Why did he dodge the integrity committee with just answering questions? Why did he keep the rate of exchange so low on the dinar? and Why did he ignore the government when they told him to stop the sell of the dollar?
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Lets move forward, They have now temporarily put someone else into position as Governor of CBI. They have tried to get Shabibi to work with the government, to no avail. Yes, the CBI is still an independent, however, the person they have placed as his successor, WILL work with the government, along with the committee's that have been formed to oversee the monetary policies. They will now work together for a common goal... and that is to bring about an increase in the dinar against the dollar... control inflation, and watch closely the import/exports which will curtail a lot of the laundering that is going on... AND the government is against a LOP... now we see why, they were so frantically trying to keep Shabibi from switching the currency.
STOP looking for reasons to defend someone, that we honestly do not know. I know we all have been in the mind that the GOI is full of idiots, but this is not true. Am sure they have got this under control, and do not need our representation and NONE OF US need our misinterpretation... There are a lot of good people within the GOI, that are looking out for the best interest of the people, and even the one's that are not... allowing Iraq's economy to go down the toilet, is not in the best interest of the SELF SERVING members either... If they are not for the people, THEY ARE for getting Iraq off the ground and into the global markets...
Get the notion out of your head that Maliki = Bad and Shabibi = Good...for what WE are looking for... ALL of Iraq (even the corrupt) stand to gain MORE by Iraq's prospering than what they have now.
Respectfully and blessings to all,