Post brought from Dinar Daily
TD: Chats with my amigo to share (Treat ALL as rumor and please do your own sound diligence).
Well as 2014 closes and 2015 opens Iraq is hopeful and poised to overcome it's challenges and find it's footing as a viable, united country. So what can we expect in the new year?
All past lessons point to no concrete predictions but we can focus on "hints' to reach better probability outcomes. I reported months ago for "TWO Currencies' to Co-exist going into 2015 and we have already seen the new 10K, 20K notes already being integrated and exchanged.
Early in 2015 we will see the 50K note also being used. This is part of the process of retiring the older notes with the security enhanced new notes. The "hint" in this move tells us that currency reform has several plateaus and actual rate change is way down in the to do checklist.
The budget I'm told will indeed pass with flying colors and it is based on $60 oil price and current monetary exchange rate (1166). Keep in mind the budget does NOT have to reflect a rate change, just a rate. The numbers in the books can be modified at any time with ease.
The Abadi administration has curtailed the ISIS onslaught and now the goal of having moderate Sunnis on board to retake lost territory is a major goal in 2015.
The Abadi administration is reaching out to it's neighbors, particularly Turkey to proceed with joint ventures: joint banks, Turkish businesses and companies investing into Iraq, etc.
A tell tale sign of progress and transformation into a market driven economy in 2015 will be the announcements of these neighboring countries and it's companies ACTUALLY signing contracts and entering Iraq to do business with.
Turkey...is the "close template" of Iraq's monetary reform programs and in the end the eventual done reforms will greatly resemble Turkey's.
Lastly, the GOI indicated a few months ago their 4 year goal of finishing and implementation of economic reform initiatives. 2015 (IMHO) represents the first quarter. The game may actually finish though by half time. This (I'm told) is their goal.