4-28-2012 SWFloridaGuy: We have some major issues being addressed that are great signs of this investment coming to frution. Finally, it appears that Talabani and Barzani have successfully made arrangements to hold the National Conference and it is tentatively scheduled to be held in Baghdad next week.
This coming Sunday and Monday, Kuwait and Iraq will look to finalize bilateral agreements that will lead to Iraq's full release from Chapter VII. Necessary steps currently being implemented for the development of Iraq include: Erbil power sharing, Amnesty Bill implementation in accordance with the Constitution and Chamber of Deputies rules of procedures, IMF and World Bank support for the advancement and modernization of Iraq, economically and politically, not only regionally but globally, stabalize domestic prices, prevent further dollarization, remove three zeros from the nominal value of the IQD, raise the exchange rate, with a convertible currency enter the WTO with full accession, maintain a stable, competitive, market-based system and lastly, be removed from Chapter VII by the UNSC with an affirmative vote from the Council members including the concurring votes of the five permanent members.
As investors, these are all extremely important issues to us and for the first time it appears that we may finally see them resolved!! So, whether or not you believe the latest rumors that it's already in the banks, you have to be encouraged by the verifiable progress Iraq is making and know that soon Iraq will again boast an exchange rate that represents their true wealth.