Sunday, October 2, 2011

Dinar Recap 10/1/2011

     The Iraqi Dinar is strongly favored move up in a very short time.  Today we have seen the UN release a statement directing Iraq to get it's political hoopla finished.  The UN told Iraq in this release to finish the security ministries and all outstanding issues now.  We see Talibani is in Iraq now with his delegation and is holding meetings on Monday, Tuesday, and Wednesday to finish the political deadlock.  They have released that the securities will be addressed, finished and seated.  The oil and gas law will also be completed and all outstanding issues that pertain to the Erbil agreement will be finished and implemented.  So as you can see all of these things are what is holding up everything.  All of these issues have been timely issues, because of the fighting for power that has been going on in the government.  Miliki has been pushed into that preverbial corner and has no more excuses.  Talibani has stated that there has been a delegation appointed to solve all of the issues by votes instead of allowing the government to continually fledge on agreements.  So there have been alternate provisions that have been made in case these meetings fail.  I do not believe that the meetings will fail though.  It seems that the government realizes that their time has run out and are starting to move on things very quickly as to not let it go to any further.
     We also have articles that state Iraq recognizes 236 Kuwaiti corpses.  Now doing some digging there are articles from April that Kuwait sent to Iraq about Chapter 7 sanctions.  These articles stated that if Iraq would acknowledge the corpses that came from the 1990 Iraqi invasion of Kuwait, then Kuwait would give the go ahead to release the final sanctions on Iraq.  So this is incredible news.  The final sanctions lifted would liberate Iraq and all things would fall into place perfectly in order for Iraq to gain it's power and riches back.  This could very well be the month that Iraq's currency will be given it's true value.  With all of these meetings going on and the UN stepping in and ordering Iraq to finish everything, I would say that things are shaping up very nicely.  Thank you for reading and I hope this has brought about some clarity or even a little hope that Iraq will be strong again and very soon.