Once again, I am always hesitant to post RUMOR type info, but this does hit some good points. IF he's right, GET READY!
Something to think about today…I could post article after article backing up what the CBI has done since last year going into today. But here is what they’ve accomplished and why the rest of the stuff has been a “circus” until now…The IMF has stated they will help Iraq if the following is achieved:
1) Boost your reserves (they’ve… gone from ZERO to over $50 Billion)
2) Get your inflation in check (they’ve gone from 34% to as low as 3% and it’s still less than 10%)
3) Stabilize the dinar (the 1170 artificial rate has been stable now for over 2 years)
4) Privatize your banks (done).
If you do all this we (the IMF) will honor your 3 zero process that will enhance the purchasing power of your currency. With Iraq getting the green light to enter the Forex, and Saleh stating June 1st that “the supplies are sufficient to implement the experience” of introducing the lower denominations, we are now able to conclude that ALL WE’RE DOING IS WAITING FOR THE CHANGE OF THE RATE. The circus act, which are the political shenanigans going on, will get this done all at once because the monetary policy IS NOW READY….and I thinkit will be June 30th or sooner…
2) Get your inflation in check (they’ve gone from 34% to as low as 3% and it’s still less than 10%)
3) Stabilize the dinar (the 1170 artificial rate has been stable now for over 2 years)
4) Privatize your banks (done).
If you do all this we (the IMF) will honor your 3 zero process that will enhance the purchasing power of your currency. With Iraq getting the green light to enter the Forex, and Saleh stating June 1st that “the supplies are sufficient to implement the experience” of introducing the lower denominations, we are now able to conclude that ALL WE’RE DOING IS WAITING FOR THE CHANGE OF THE RATE. The circus act, which are the political shenanigans going on, will get this done all at once because the monetary policy IS NOW READY….and I thinkit will be June 30th or sooner…
Thor
