9-20-2012 Frank26: We will talk about the Financial Conference in London. It's a financial conference, but they couldn't talk about the currency, isn't that ironic.
They talked about how to improve Iraq's economy, how to modernize the banking systems, and about building trust not only with the international community but within their own community.
They told the financial institutions attending, we have reformed, we have made progress, we have our act together.
They talked about how to make money with the investors & said everything they were asking of the investors would help build their infrastructure.
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FRANK CONTINUES: The deputy prime minister painted a vision of how they will grow and promised that their money would be secure. He told them that they needed their help.
Shabibi did not speak on the first day. They did everything possible to let them know that they are ready.
9-20-2012 Mountainman: It looks like Iraq has the support of the international community to be released from Chapter 7 and that announcement is only a matter of time. The oil and gas law is being pushed through and we finally have an announcement that the National Meeting could be as early as next week.
Maliki is supposed to announce Article 140 soon which is huge for us.
Barzani said the new oil deal is a great move in the right direction. September is shaping up to be the exciting month we were all expecting but there is still much to be done.
9-20-2012 Austin-Powers-For-PM: It's no secret how much natural resource opportunities that Iraq has for investors. So, I'm sure investors have long ago calculated net present value of the currency.
I think what the hedge funds and traders and conference attendees wanted to hear was the state of banking infrastructure in Iraq and if Iraq can handle modern day banking functions that are critical for handling the level of investment that Iraq is looking to attract.