4-22-2012 SWFloridaGuy: This has nothing to do with Obama. Over the years we've seen so many say that Obama or the UST was holding this up. They have nothing to do with it. Yes, certain heavily invested and influential countries like the US and China have helped them along the way but Iraq's exchange rate is controlled by the CBI.
The IMF and World Bank addresses Iraqi leaders when instructing them on what remains to be accomplished and congratulates them on what they already have. They don't address the US, China or anyone else. Iraq is a sovereign nation per the UN. When people say Obama is going to push this through for his reelection, they are misinformed and looking at this from our perspective, not Iraq's.
Shabibi is concerned about inflation, power sharing, corruption, security, stability, a banking sector that is prepared to handle this event and laws and institutions in place that will lead to the success of the project. Iraq has made a ton of progress in these areas and taken many steps in preparation of the raising of their exhange rate, which is what leads us to believe we are close.