(Thank you Dinar Daily for sending this to Recaps to post)
IQD4US from Dinar Daily Checks in with an RV progress report --
I just did my monthly review of the "status" , and I CAN say:
that the deposit of Kurdistans money into the FUND will be from OIL sales, as part of that money is supposed to be used to pay back Kuwait. There is still money outstanding, and they are supposed to have transparency in their oil sales for the "country" - not just Bagdad.
that the Tariff Law DID indeed go into effect, and surprisingly to me, they are "concerned" about the effect of the tax on cigarettes and alcohol. I am surprised because when the US Soldiers were there - alcohol was contraband because it was a "Muslim" country. (did you know that a fifth of Crown will fit nicely into a can of Coffee, and superglue will help keep the lid on during inspection? don't ask how I know).
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that ANYTHING that helps Iraq progress in the areas of laws and business is a GOOD thing, BUT - just because one thing or another is complete, does not mean that WE will receive the benefit yet.
There is MORE - so much MORE that Iraq as a government has to do for their country - but it only has to be decided that IQD be internationally recognized as a currency of value that other countries will accept for US to reap any benefit.
HAPPY NEW YEAR ! -- IQD4US