9-5-2012 Easyrider: They (CBI) have also alluded to coming out at a stage rate and the dinar gradually increasing a stage rate would most likely make sense to come out at around .86 and let the markets drive it up to above or at par with the U.S dollar.
A RD at 1:1000 dinar would not make much sense what does that do for the people? once the people know they have value around the dollar it will drive the dinar up quick because they will start using the dinar instead of the dollar.
Thats the ultimate goal for the CBI to get the citizens trusting the banks and use their own currency also like Kaperoni said on his CC the gold coins are assurance that if the citizens are reluctant on using the banks right away and putting their money with them they can exchange their dinar for gold coins that way they have real value not just in paper but gold as well.
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9-5-2012 Fnbplanet: Article 140 is mainly about the "disputed areas", because of Saddam's war on the Kurds, and lands that he took from them and populated with Arabs. Article 140 is, essentially, drawing a new line in the sand. I cannot help but think that this issue is DIRECTLY related to the HCL.
How can you negotiate on who gets what oil out of the ground unless you determine whose ground is whose?
9-5-2012 TrinityeXchange: "Preparations for a meeting to pass the HCL." The United States and international community have moved in to hold Iraq's feet to the fire. They must perform what they promised to do according to the SFA. Passing the oil and gas law is not an option whimsically decided. According to contractual agreement, they will implement this law. We patiently wait.
9-5-2012 Doc : We sit here pretty much at the same point we've been in for several months. Yes, there does appear to be continued focus of the key issues like Ebril, HCl, etc.
Published articles continue to highlight this fact. Simply put what we continue to need is resolution of these issues. Hopefully Parliament will act aggressively toward resolution and Maliki will play ball...until then we contend we will continue to look for our holy grail.
9-5-2012 Rayzur: Has it been reported yet that Athye will likely succeed Talabani, because Talabani is still in very poor heatlh with status that is not good? I know there are a couple of groups "waiting" for Talabani to get back so he can start up the National Meeting. along with a couple other groups out there who feel this meeting is a vital precursor to the RV/RD/RB/RI.
For those waiting for his return, it may be helpful to adjust your timepiece to include succession by Athye into the timeline of this process unfolding. And on other fronts, did anyone else catch that the Kurds are now thinking they would like a 24% share of profit instead of that pesky 17% that was mentioned in the Erbil agreement?
It's not at all clear that this is or is not a show stopper, however it would appear that the longer they dink around with Erbil, the friskier the pens get in rewriting the terms.
Seems they too want to play at revisionistic history. And that's my rumors for the day, as we all sit back and together watch what version of reality will unfold today.