by Vixen » Mon Feb 16, 2015 11:01 am
2-15-2015 *Kaperoni ~Article quote: "A member of the Committee for Economy and Investment parliamentary The Prime Minister, Haider al-Abadi, the face of the support of private banks, to ensure financial liquidity movement in the country." There appears to be a liquidity issue in Iraq right now. This is getting interesting. They don't have money. The meeting with the central gov and KRG went well...except they cannot pay them. There is a shortage of cash to pay people. What is so sad is...if they would pass the laws and open the economy/dinar there would be plenty of money coming into the country. Iraq is their own worst enemy. When people don't work, have jobs or even have a government that can pay them, why should a bank lend to them? They don't. Changing the value of the dinar won't change that...what will is putting people to work, creating businesses, etc through the successful launch of a market economy. Right now all the GOI is doing is trying to find a way to tread water until the laws are in place, security has taken hold (ISIL is gone).