Saturday, October 8, 2011

Iraqi Dinar Investment10/8/2011

     Wow what a turn of events that has taken place over the past couple of day's.  Mr. Alaiwi has resigned.  It is official.  That means that there is no one to hinder Maliki now.  With Alaiwi out of the way Maliki will get everything he wants.  As of now it looks as if that is working out to our benefit.  Maliki is promising everything under the sun now.  He has called parliament back into session on their holly day to vote on the draft law of federal court.  Also to vote on the supreme judicial council.  Looks like Maliki is working  to get everything done and give everyone what they want.  Maliki has held a meeting with the Kurdistan representatives.  In that meeting Maliki vowed to implement all the agreement pertaining to Erbil.  That is a huge one.  We are watching things wind down nicely now. 
     The Kurdish Diplomats also released a press statement that said they have just finished negotiations and talks with all of the political blocks.  They referred to these talks as very positive and successful.  The Negotiations team will write up a report and a delegation will be sent to finalize and implement all of the agreements.  That also includes all agreements Erbil.
     IMF   
     The IMF has released a press statement that states the IMF is showing it's conviction for the financial policy of Iraq.  Basically what they are saying is that they are ready to increase the reserves and that they have the money to support an increase in the the value of the Iraqi Dinar.  It also shows that the CBI is ready to make a move in the Monetary Policy to support the private sector and lower inflation.  These are huge things being accomplished at a very fast speed.  We are in a great place to see things happening by Thanksgiving. 
     With Maliki having full run of the government now, the CBI will seize the opportunity to strike while things are moving forward positively in the government.  The government could be finalized as soon as this week.  That would give Iraq the power it needs to remove the final sanctions of Chapter 7.  That is as long as they keep their mouth's closed about Kuwait.  Don't forget, the reason that they are still in chapter 7 is because of Kuwait.  Iraq must let it go with the Kuwaiti's.  Peace and prosperity is their new horizon. They must accept that. 
     Najafi is going to London Sunday on an official visit, and will be accompanied by a foreign delegation.  Though the direct reason for the visit is still unknown at this time.  The meeting will have some type of direct impact on the investment into Iraq.  As soon as the the meetings are concluded Najafi and his delegation will go to Berne to participate in a World Conference of Parliaments.  All of the news has been very exciting and things are moving along very quickly.  Let's just hope that Iraq can stay the course and make things happen.  I hope this has helped in making things a little clearer up to this date.  I would also like to thank you for reading.