Luigi1 Posted December 15, 2017 Report Share Posted December 15, 2017 Luigi found this article of Dinarian interest... Treat this as a rumor. Not varified. Your opine. 12-15-2017 Newshound/Intel Guru Mnt Goat If you are paying attention to all the news...You should, and now be aware Iraq is on a very strong position to the final phases of the “project to delete the zeros”. The news could not get any better. Last week Iraq delivered to us some amazing news. It was all news that we have been waiting for many years to receive. It is here now and we are moving forward at a faster pace. We heard from the IMF, after the release from Chapter VII, that Iraq is now truly a “fully” sovereign nation...and can now freely deal with the international community... ...Iraq can now handle all its oil sales revenues directly 6 4 Quote Link to comment Share on other sites More sharing options...
murd11 Posted December 15, 2017 Report Share Posted December 15, 2017 Big news if its true 1 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted December 15, 2017 Report Share Posted December 15, 2017 Not often you see the goat so excited... Good stuff Luigi1 B/A 1 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted December 16, 2017 Author Report Share Posted December 16, 2017 here's another article related to the above... The Gurus have spoken...it's done. 12-15-2017 Newshound Guru Enorrste Article: "Iraq replaces the confidence of the world economically" It appears that Abadi is more positive about the banking situation in Iraq than he should be. We have seen over the years that the banking system in Iraq was woefully deficient. There have certainly been improvements made, but one factor that has not yet occurred is the movement of dinars from mattresses to banks. Unless and until that occurs I fear that the economy will not take off and, more importantly, the CBI won't be able to reduce the money supply allowing the value to rise. Foreign investment will help but I doublt that it will be as aggressive initially as Abadi would like to believe. This is like trying to move an ocean liner. It starts out slowly and, as KAP [Guru Kaperoni] has noted, gains momentum. But this is not a 100 yard dash. It will take time, months at least, to see any significant change in the investment climate. That's my 2 cents worth. I wish I were wrong, but I've been in this over 11 2 3 Quote Link to comment Share on other sites More sharing options...
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