8-17-2014 *Kaperoni

[Vixen]

8-17-2014 *Kaperoni ~The last few days certainly have been exciting...We have seen the nomination of a new Prime Minister Haider al-Abadi and a surprising concession speech from Nuri al-Maliki…something quite frankly I am still a bit skeptical about. In any case, it appears that within a few weeks, parliament will meet and formally nominate and ratify the new government into office. Maliki at that time should leave peacefully as he stated on television yesterday. As for monetary reform...we still have a large hill to climb. We have clearly proven over the last few years that the many laws are stalled that have a direct impact in the economy of Iraq. That any currency reform is simply a part of the overall economic advancements including a transition to a market economy. So we must continue to wait and watch as parliament joins forces with the new government to address these laws. These laws include banking reform as well as economic reform. The nomination of a new unified government has been hailed not only from within Iraq, but by the world community including the U.S, the UN, Europe, Iran, Saudi Arabia and many others. This new government will have its hand full trying to contain the violence and current terrorism from ISIL. But hopefully this message will take hold and work in a very positive way to force these terrorists out of Iraq. I am very optimistic that within a few months we may see discussion move from government news to economic news and once again the restructuring of the currency. But we must keep in mind all the work that must be done before that is truly realistic.