2-4-13 Doc: The best way to describe our situation is things are progressing. There were several very good recent articles about accession into the WTO.
This is something we will keep a very close key on. If this pans out then currency reform is a guaranteed precursor.
Also there were many good reports of banking type laws being passed. Things appear to be accelerating and we can only hope they will continue.
The one area we still are somewhat concerned about is the HCl.
The reports of it being passed are hogwash. We have recent direct quotes from Barzani threatening to break away from Iraq now that Baghdad is once again not paying.
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This deal is far from resolved and is most probably one of the major stumbling blocks left concerning currency reform. We continue to look for key infrastructure to be put in place like HCL and then turn up the hype. We report, you decide.
2-4-13 Boots on the Ground WAR: I went to the bank of Baghdad today, the exchange rate is 1170 for the past three weeks, there has not been any 25,000 Dinar notes at the bank or in the ATM machines.
Now the bank has just received a injection of liquidity of 25,000 Dinar notes, so you see it is not drying up as we first thought.
Today I tested my international Baghdad bank credit card. There was no 1.04 rate on it. So please do not spend your last dollar gambling that it will hit any time soon.
I am not looking for our blessing to happen until around the 15 February to March 7, things moving along, laws are being passed.
Do not worry about the Dinar going down in value. This is part of the plan to weed out the weak at heart. Stand your ground, and we will see this RV come to fruition.