Dear Recaps : A few hours ago I received the most extraordinary email from my GOI contact and have been desperately trying to reach him back to ask a few additional questions and most importantly whether I could share his email and little while back I received the green light.
Here's the jest of it with very little editing. ( This is a highly educated man who did his graduate/post graduate work at a premier US University).
"TD this has been the most extraordinary day of Iraqi politics of our new Republic. While it is no secret to anyone worldwide of the differences of factions, today at Parliament we were brothers in a common cause of building the foundation of a new Iraq for ALL of our people. MP's were all united in passing a majority of laws, drafts & provisions relative to structure building of our democratic state.
Many members of the GOI and other dignitaries were watching history in the making. I'm reporting this to you because as I write to you members are toasting of the news with their families, friends and neighbors.
News travels fast in our country. Probably Wednesday & Thursday you'll see various articles come out anyway.
Read More Link on Right
Well to the part which you and your friends holding our notes , I'll share with you this important information : While many of your friends regard IQD appreciation as a worldwide event , it's extremely complicated in that our interest is tied to investments, favorable loans, infrastructure building etc.
In this way all parties of all nations involved will be participating in wealth creation. It's not just a question of raising the value of our notes and exchanging them. It's extremely complex.
As you are probably aware of Europe has it's challenges economically and even though not well advertised various socialist & communist oriented nations are as well. Notably in this formula of need of a boost is China.
Last month I reported to you of currency reform in June and plans of execution toward the late summer/early fall timeframe. Developments especially today could speed up deal making even before Ramadan.
Many MP's left today's session optimistic that we may be able to provide the most celebrated and happy Ramadan ever for our people. Of course the rest of the world would enjoy collateral benefits.
Here's the bottom line : We have put offers of currency reform on the table coupled with these investment mechanisms to many entities in particular( among too many to list )the World Bank & IMF . We actually expect a favorable and quick response.
World finance and deal making can change suddenly. I've only reported to you what was status quo at that immediate time frame. Can events unfold and more negotiation carries us past Ramadan : Certainly , but for right now events may also unfold at Godspeed.
I'll keep you on notice as I am permitted. Watch for favorable developments in the next 48 hours to perhaps this weekend. Right now that's the best I can share "
Well Recaps there you have it from the Sandbox . ( I don't know if I can sleep in the next 48 hours ! ) . TD