A Monday Morning Update Post From Stryker's Blog Emailed To Dinar Recaps
The Last Measure is in Place for Currency Reform
As I've said many times, Iraq's political situation is ever changing and things are really starting to get interesting in Iraq. Sunday's session infact did see a quorum of 233 deputies, even without the Kurds attendance.
It wasn't that the Kurds did not want to attend or because of them boycotting the session, it was due to a sandstorm in Baghdad which closed down that airport causing the Kurdish MP's from leaving from their airport in Erbil.
Unfortunately because of differences, the parliament members failed to name a new speaker of the house, nor its two new deputies but yet I see it as an important step toward their willingness to form a new government.
The Kurds have already said that they will attend tomorrow's next session and will announce their candidate for President of Iraq, Barham Salih.
Folks, the Kurds have already said that they will not attend these sessions unless there is a clear consensus for forming a new government so their mere willingness to participate is the greatest sign at this point we could have, in my opinion.
On the economic front the CBI has announced yesterday that Iraq's electronic payment system is ready along with its ability to go international with it. The CBI also said the new system will help facilitate the phenomenon of the citizens of having to carry large amounts of cash.
Well, if you want to talk about an easy transfer in introducing lower single or two digit currency after the CBI increases the value of the dinar, they have it now.
OK, let's not forget Iraq's ability to go international which should be the very last step in getting Iraq completely Article VIII compliant and the dinar tradable to any country globally.