10-29-12 Uncirculd: They do need to implement the agreements with US. We are holding their DFI funds only until Feb. I don't think we will give another extension. They have to implement Erbil and soon. They had said they agreed on HCL, but it was the 2007 version.
Still has issues, but enough to get through the national meeting. I want to see maliki give up his power by naming ministers on national tv. Cause I think he might have heart failure or go into shock when he has to do that.
10-29-12 Mountainman: An economic researcher today said that Iraq is going to be a powerhouse economic force in the region and that they also need to continue to diversify their sources of revenue.
Read More Link On Right
Mountainman Continues: He went on to say that Iraqi and foreign companies can develop the infrastructure, banking and industry, and that Iraq sits in a very strategic location in the world. We all can agree that this is true about Iraq. Such a diamond in the rough but not for long.
This is a time like no other in this investment.
Can you believe our Shabs is really gone, Iraqi police are storming the CBI, arresting CBI employees and the international community remains silent even after the World Bank, IMF and United Nations referenced Iraq's economy as one that will help the global financial recovery.
So, something is going on we are clearly unaware of. Even amidst the apparent turmoil, we have the Deputy CBI Governor saying they are replacing "damaged" lower denoms next month.
Yeah, I'm sure they are interested in spending money to replace the same old worthless Iraqi currency. How often do you think they use a 1,000 - 5,000 bills that are worth a fraction of a cent in the market place?
They never do. They use USD or a wheel barrel full of 25k notes.
This is a cover for introducing the new currency. Unfortunately, the internet has made it extremely hard for them to educate the public of the upcoming change without tipping their hand.
Like I said, this is a very interesting time and it's going down completely different than any of us expected.... but it's going down!!