8-25-2012 Freebird: Gag order = I don't want to explain why my rumors didn't pan out. We're in a great spot and everyone is in agreement about this but don't fall for the hype from the gurus with delusions of grandeur. I maintain that September is a crucial month for us, as I've said many times before.
My opinion about that comes from listening to what the Central Bank of Iraq has been saying for over a year now. September is almost here. Keep the faith.
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8-25-2012 Tenmillion: UN sanctions UNSC 661 - They began August 6, 1990, four days after Iraq's invasion of Kuwait, stayed largely in force until May 2003 (after Saddam Hussein's being forced from power), and certain portions including reparations to Kuwait persisting later and through the present. UNSC 1483 - Chapter 7.
In the 1980s Iraq had an advanced economy (centrally directed) ~ an industrial sector, a developed transport system, good infrastructure, and a well-educated population.
After the first Gulf war, everything in Iraq decayed, declined, or deteriorated.
So, to compare the IQD to prewar levels with the hope that it will return to its previous Saddam era level at this time is inaccurate.
Iraq needs a sound monetary system and a market-oriented banking and financial system, oil field restoration, developed infrastructure, and political stability....and that is the short list.
There are signs of improvement, but Iraq is nowhere near what it was in the 1980s.