2-3-2015 *American Contractor

[Vixen]

2-3-2015 *American Contractor ~There are very valid and concrete economic reforms inside the 2015 Federal budget. There is still a waiting period for implementation. It could very well exceed the 15-day waiting period. The Iraq Parliament Economic Committee has the next several weeks to coordinate and implement those economic reforms. It is the reason they have a major meeting in Baghdad on 5 February 2015. The Exchange rate has changed. Today the market rate is 1250 IQD. The U.S. currency is limited in the streets of Baghdad and across the country. Iraqi’s are feeling the austerity measures and are holding on to their dollars for as long as they can. You will see actual currency reform when the ISIS terrorists are all killed and all Iraqi banks are back in control of the Central Bank. Until then, the Iraqi government will continue with austerity measures and obtain loans from International Monetary Fund (IMF) and perhaps World Bank. Private loans from wealthy Arabs are in the works.