5-2-2012 SWFloridaGuy: I saw an update last night from a certain "guru" who claims the purpose for the Obama trip to Afghanistan was so "he could get out of dodge because he's afraid of the RV and what it would do to his campaign." That's completely false but also what I've come to expect from this person.
Obama was there to, among other reasons, sign a long-term security agreement with President Karzai that allows the US to maintain a military supporting military role until 2024.
Obama is not in control of the RV and it has nothing to do with his reelection. This has everything to do with the country of Iraq, the instruction and support they've been receiving from the IMF and World Bank on necessary, preparatory steps that will lead to the success of the project.
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Also key to the success of this project is inflation and stability. We look for Erbil, HCL, Article 140 implementation and a fully seated GOI. A successful National Conference may bring some resolution to these issues.
I believe it's in Iraq's best interest to get this done in May because the tariffs go into effect on the 1st and the USNC High Level Mandate Meeting to release Iraq from Chapter 7 (SC/10490) is scheduled for the 15th unless they call an emergency session to expediate the process.
I don't usually bring rumors into the chat room. I don't have any dates or rates and wouldn't listen to a contact who pretended to have those highly guarded details, but I will tell you there is a lot of talk about Iraq releasing their new currency (LD's) and raising their exchange rate very soon.
This comes from someone who handles business for a CBI official and also from a contact who's on the support staff for an economic counselor in the IMF's research department. Iraq's goal in the coming period is to prevent further dollarization, enter the WTO with full accession, maintain a stable, competitive, market-based system and stabilize the foreign exchange market, raising the IQD exchange rate against the dollar. I don't believe we have much farther to go.
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