8-24-2014 *Kaperoni

[Vixen]

8-24-2014 *Kaperoni Article: "Experts are calling for the expansion of electronic payment services" These types of articles are great news but we must be realistic. The CBI has not even fully implemented the replacement notes they reprinted earlier this year (which will tighten up monetary policy even more as they stop counterfeiting). Again, we need the new GOI formed, many outstanding laws both economic and banking passed that are stalled in parliament and most important...they need to rid the country for the most part of ISIL terrorists. We are still months out at best. Technically the CBI may be able to go to Article VIII today (if they are in compliance). But would they? of course not. My point is...the increase in value of the dinar is part of a much larger economic event within Iraq. Nobody sits down at the dinner table and eats before the table is set...and in this case, you don't go to IMF Article VIII, a new exchange regime, before the economic conditions are ready for it. Iraq has a lot of work to do to set the table...and that will not happen in a week..nor a month. As I said, we are months out before the CBI will make the move.