May 22, 2013 will be here before they/we know it and will they be ready in time?
Learn more about what the Obama Administration had to say about this by going here:
Washington worried about the situation in Iraq and abandons the protection of Iraqi funds
Well, that is the 20 million dinar question isn't it. May 22 is the date the Executive Order 13303 expires and if not extended Iraq will need to have all the ducks in order, so to speak.
Learn more about this order by going here: Executive Order 13303
Bush Gives Legal Immunity to Transnational Oil Corporations in Iraq
Thanks Gamaray for this posting in our Law Library.
Read More Link On Right
It is my belief that if the US does not extend this E Order Iraq must be ready to exit Chapter VII so they are in a position to protect their own funds within their own borders. If they are not ready to exit Chapter VII they should have the Executive Order 13303 extended and the wait continues.
Now let's say they (US) do not extend the Order and they are not released from Chapter VII this could be a game changer in my opinion. See these two go together and must be aligned or Iraq will be in trouble with all creditors and Iraq will have a field day trying to control what I believe will be an uncontrollable mess.
The article above is from February of this year, so it's not like the US Treasury and the Federal Reserve did not give Iraq fair warning of this. In it both entities talk of being worried about Iraq's financial and monetary developments taking place in their country.
The good news is folks that every since this has taken place there seems to be a sense of urgency in place to get things done. We will see in the next few weeks if this continues though.
Now the exception to this urgency is with the House of Parliament and more importantly with some of their members not showing up for work again today.
The word boycott is used way to much if you ask me when it comes to the Iraqi List Party, that is but the good news is when the Kurds do show back up we will know that all demands have finally been resolved.
Signs that the Kurds are returning to Parliament and the Cabinet of Ministers will be great and you can bet that Yota and Gamaray will be trying their best to uncover these stories for us.
OK, please come join me tonight on Stryker WebTV or Stryker Blog Talk Radio as I go over a few things that you may want to do prior to us receiving the news of the Monetary and Currency Reform that could include the Revaluation of the Iraqi Dinar.
Thanks and have a great day,