8-11-2014 *Kaperoni

[Vixen]

8-10-2014 *Kaperoni ~the CBI realizes that they cannot do anything for a while (prolly 60-120 days at least). And reprinting the current notes allows them to maintain a successful monetary policy in compliance with the IMF while they wait...the CBI had no choice. They need usable currency or else the monetary policy fails. They cannot continue using the US dollar indefinitely...not if they want a market economy. Yes, they have used the dollar for 11 years and that is because they are in a closed currency board (peg) under Article XIV with the IMF and 95% dependent on oil sales with little to no other exports. So using the dollar is perfectly understandable why they stabilize the country, build the infrastructure to support investment and learn how to manage monetary policies. This is the very motivation for the reams of news articles from economists in Iraq calling for monetary/currency reform. Remember, in order to transition to a market economy, open the capital account, and invite global investment, they must be using the dinar. As well, they must be using the dinar for the WTO - both require IMF Article VIII. So when that happens, the dinar will rise.

8-10-2014 *Kaperoni ~Maliki has surrounded himself and Tweets of explosions in or near his presidential palace. Maliki was just on Iraqi TV basically saying he will not step down. That the president has violated the constitution for failing to nominate him for a 3rd term. Immediately thereafter that broadcast, he has deployed troops around the green zone.