9-2-2012 BGG: Allawi is obviously frustrated –
9-2-2012 BGG: Allawi is obviously frustrated – and there is always a slim chance this will deteriorate to the point Maliki gets ousted. There is the support for it. Talibani's first line of defense is to fully allow the reforms process to mature, if this fails he will likely support the removal of Maliki.
Maliki being over in Iran shows me he is in a world of hurt for some support. The US showing up Monday shows me they aren't happy about him courting the "radicals"
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9-2-2012 Mountainman: It's hard for me to believe Iraq postponed the tariffs
9-2-2012 Mountainman: It's hard for me to believe Iraq postponed the tariffs for the reason they are giving. I'm sure they knew what equipment they had and what they didn't have.
The goal for implementing tariffs at the beginning of next year tells me they are planning on having a higher exchange rate before then. First the CBI will proceed with their currency reform project then they will be able to impement the tariffs where it won't have any negative effects on the country.
I think the time for a RV will be perfect right after we have this National Meeting everyone has been talking about.
It would make sense to have it before the Financial Summit in London in a couple weeks. It's possible we're closer to seeing real progress than we think.
-2-2012 Butifldrm: "Zeros cannot be removed from Iraqi dinars during 2013
9-2-2012 Butifldrm: "Zeros cannot be removed from Iraqi dinars during 2013, says Iraqi Finance Ministry." Now, that's interesting. I still think they could increase the rate to 1:1 and keep the same budget. Just take it from Trillions to Billions.
From what I understand, the large denoms are almost impossible to get over there. The country is flush with USD. The budget would have to be calculated in both USD and IQD, because it appears that Iraq is primarily using the hard currency of the dollar. He's right, "They better do it soon."