2-28-2013 Newshound Guru Arthur Article quote: "Biden expressed his deep commitment of the United States and Permanent toward the United States partnership with Iraq under the Strategic Framework Agreement signed between them" IN LIGHT OF EVERYTHING ELSE WE HAVE SEEN IN THE LAST FEW DAYS, THAT THE UNITED STATES IS RENEWING THESE COMMITMENTS SIGNED IN 2009 AT THIS TIME IS INTERESTING AND NOTEWORTHY. ...THE AUTHORS OF THE PLAN [ARE] USING THE STRATEGIC FRAMEWORK AGREEMENT TO GUIDE IRAQ TO IT'S PROSPEROUS DESTINY, THE IMPLEMENTATIONS OF WHICH MUST INCLUDE A STRONG, INTERNATIONALLY TRADED, REVALUED IRAQI DINAR.
2-28-2013 Newshound Guru SWFloridaGuy Along with the training, submitting a memorandum and additional negotiations they need to also have a convertible currency. The CBI's goal is for the IQD to go international. To do that they need to raise the value. The next step is to pass the budget and the HCL. As usual the timing/mechanism will always be an unknown factor but I do think it's in Iraq's best interest to move ahead with the economic reforms upon completion of those events. I'm optimistic that this coming period will bring us some much needed political/economic stability and reform. [post 2 of 2]
2-28-2013 Newshound Guru SWFloridaGuy There was a very encouraging statement from the Finance Committee calling on the GOI to promote the IQD in investment company dealings to support dedollarization and promote the strengthening of the national currency and economy. They also said "increase its value and enhance confidence." I don't think it's a coincidence that this coincides with senior Iraqi officials receiving intensive training on the multilateral trading system necessary for WTO accession and being instructed on the necessary additional steps to take. [post 1 of 2....stay tuned]
2-28-2013 Intel Guru Delta "URGENT FROM IRAQIA TV: FINANCE COMMITTEE CALLS THE GOV TO FORCE INVESTMENT COMPANIES TO TRADE IN IQD" THE ONLY WAY FOR THOSE COMPANIES TO USE DINAR, IT HAS TO BE TRADABLE...MORE VALUE RV...YOU CAN SAY ARTICLE 8.
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