I’m sure you’ve all noticed, but there’s a LOT going on in the news regarding
oil, Kurdistan, Erbil… this is ALL good for progress on the HCL, which I
mentioned last week (and the week before I believe!).
With that said, most of what I want to say will be answered in the weekly dinar
questions… so here we go!
Hey eburt - that's been floating around for a while now on various news channels. The opposite has also been making the rounds... I don't see any reason to worry about it any more than any other news reports. I don't think it will happen.
What I was referring to was the progress on the HCL! The Kurds meeting in Baghdad to discuss oil and the recent discussions on Erbil are EXACTLY that... this is good stuff!
The name below:
Obviously the HCL isn't resolved yet, but we're seeing a major flurry of news on it. I'm pretty excited about it right now.
And "1166 to 1165"... , yes I guess that is *technically* a move in the right direction, but I don't believe that will be the case!
I can't give an exact date on Parliament, and even if I did they could change it. They are indeed making progress towards resolving the oil laws and I don't think the WTO is a requirement, either legally or fundamentally.
Note: they don't have to be in full agreement on the oil situation in order to RV. They can RV and still continue to argue, just like they did before the value dropped. Anyone who thinks they have to all hold hands and sing a happy song together before they will raise the value is simply wrong.
First, the HCL: Look for oil news in the News Forum here at dinarvets.
Second, WTO: If they raise the value of their dinar, who here thinks they won't be ushered into the WTO shortly after? WTO doesn't have to come first! Make sense?
Like I said above, they will always dig their heels and bicker, even after the RV. That's just their culture.
Richard Sherman, the guy who singlehandedly made every undecided fan an instant Broncos supporter? That guy obviously has no class, and he showed it right there. I feel bad for his teammates.
(Except for the fact that he is actually really good )
That's a great question, and believe it or not... it's been asked and answered a bunch of times in the past. I'll give you my opinion.
First, these "trillion dollar contracts" aren't paid out in lump sums - they are paid in installments, just like any other contract. So when the value of the dinar spikes drastically, the future value of the unpaid work is like the future value of a loaf of bread. A loaf of bread that's worth 2000 dinar today is not going to be worth 2000 dinar after the RV.
Second, the contracts that are paid in trillions of dinars aren't kept in dinars under some contractors bed.... they are converted to another currency. Therefore the "trillions" of dinars have already been converted to millions of (USD or some other currency), which really makes this question a fun brain teaser... but not much of an argument against an RV.
And as I'm sure you all know about me... I don't waste my time arguing about it anyway. We will all see how it pans out one way or another, and hopefully pretty soon!
Not only has Zaha Hadid and her architectural firm been selected to design the new CBI, they have supposedly been selected for a chance to design the new Iraqi Parliament as well, per this Nov. 14th, 2013 article.