KADUKU: Arab countries are very proud of their wealth and strength of their currencies against other countries, and since Kuwait has their KD at $3.50 per 1 KD, I have a strong gut feeling that Iraq will either match that of Kuwait or have their Dinars slightly higher maybe around $3.75 to $4.00 per ID. JMO here! Go RV, God Bless America!
LAPDOG: I REALIZE I AM THE LAST PERSON YOU WOULD EXPECT TO HEAR THIS FROM ----- BUT AFTER MY 90 MIN TEL CONVERSATION TODAY WITH MY PERSONAL FRIEND GOV COMPLIANCE SPECIALIST IN BAGHDAD -----
THIS POST FROM DOC AND KADUKU MAY NOT BE AS FAR FETCHED AS WE MIGHT THINK.
FOR THE FIRST TIME EVER ----- I ACTUALLY RECEIVED VERY POSITIVE NEWS FROM MY GUY IN BAGHDAD --- AND HE HAS BEEN SO VERY SKEPTICAL FOR 8 YEARS UNTIL NOW.
THIS IS THE FIRST DAY EVER I HAVE REALLY FELT GOOD ABOUT WHERE WE ARE.
Read More Link On Right
LAPDOG CONTINUES: UNTIL IT HAPPENS WE MUST REMAIN CAUTIOUS AND SKEPTICAL -----
BUT SOME THINGS HAVE OCCURRED THIS WEEK HE NEVER THOUGHT WE WOULD SEE. THE KUWAIT / IRAQ BORDER ISSUE APPEARS TO HAVE BEEN RESOLVED.
THE DISPUTED HOUSES WERE TORN DOWN BY IRAQ AND 220 NEW HOUSES ARE BEING BUILT BY IRAQ BELOW BASRAH RIGHT AT THE KUWAIT BORDER TO SATISFY THE KUWAIT GOV REQUEST.
I WAS ALSO TOLD DURING THE SAME TEL CONVERSATION THE IMF AND WORLD BANK HAVE SENT SPECIAL PERSONNEL INTO BAGHDAD TO HELP TRAIN THE IRAQI'S IN HOW TO OPERATIONALLY FUNCTION WITHIN THEIR BANKS ON AN INTERNATIONAL PLATFORM. THAT IS VERY GOOD NEWS.
AND I WAS FURTHER TOLD THE BAGHDAD INTERNATIONAL AIRPORT IS NOW DEPARTING COMMERCIAL FLIGHTS TO VIRTUALLY ALL MAJOR CITIES IN THE WORLD. THAT'S A VERY BIG PIECE OF GOOD NEWS.
DOC: There was great information in an article concerning the message Kerry conveyed to Maliki during Kerry's recent visit to Iraq. Part of the article is quoted as "U.S. administration has developed scenarios to resolve, with waving the possibility to impose new facts on the ground through the tools of several in the absence of a response Maliki for these scenarios, including obstruction Iraq out of Chapter VII, and the issue of Iraqi funds, and not to deal with his government, and other hard and soft tools. Thus, the United States had waved the stick Algledh Maliki, leaving him a little bit of the islands."
DOC: We can confirm from this several points we have reported for months now which are
1) Maliki has been and continues to be the problem and
2) items like chapter 7, DFI, etc. are pawns the international community have used to get Iraq to play ball.
These points can no longer be argued in that they are now here in black and white. The good news from this is that the vice from outside is tightening rapidly.
And that (and I quote from the article) "especially since the readings several say that Prime Minister Maliki is no longer America's man of choice in Iraq."
DOC: We ask ourselves how does this impact currency reform. The answer is the political games are still be played out. Another article quoted an Iraqi official as saying currency reform would not happen until the political climate improves.
Many have asked what does that mean or look like.
We believe the article about Kerry's visit shed light to this when it said "Prime Minister Nuri al-Maliki that he abandon his approach Excluding partners politicians, has emerged leaks stating that U.S. Secretary of State carry a proposal to Prime Minister Nuri al-Maliki to resign in case of default solutions other political and legislative elections after the formation of a government..."
Basically this appears to be saying put in the power sharing GOI structure or get out. In a nut shell this appears by all accounts to be the "political stability" everyone is looking for.
DOC: We ask ourselves what this means to our situation and basically the fundamental issues have not been fully resolved.
And unfortunately we do not see complete resolution until Maliki is neutralized either by cooperating or removal.
The above article is pretty plain in that this is the current situation. With this we would put the probably of the rumored April 1 date for currency reform as EXTREMELY REMOTE at best.
Do we concede progress is slowly being made toward that end - absolutely! We simply encourage everyone to step back and take a deep breath.
The back drop of late May will bring an interesting scenario. We report, you decide.
DUCKY: I agree with Doc. It just won't happen right now. PLUS, this is a CBI issue and they will decide, not the GOI, not the IMF (they approve, but that's it) and it's certainly NOT up to poppy, bgg, terryk, delta, blaino, okie (you get the idea), but one of these characters will state that it was supposed to have happened, but Maliki or some other EVIL person stopped it.
I know poppy is convinced it was to have happened at least one time before, last year and may be the year before.
This is a huge event. NO ONE will know when this happens, except for 20 people or so.
Can you imagine if we actually knew (100%) when the RV would happen????? There would be trillions in addition dollars and IQD involved. Somebody has to pay for it.
Do you think the Iraqis want to pay for that??? No. period.