3-24-2015 *Kaperoni
Posted: Wed Mar 25, 2015 10:11 am3-24-2015 *Kaperoni ~Article quote: "The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis" ...these economic conferences are a waste of time and money. Until Iraq passes the laws for economic and banking support, the market economy is stalled. Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
3-24-2015 *Kaperoni ~Article quotes: "Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis... "...that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis." ...there are several ways to overcome a financial crisis...such as the sale of bonds, increase in oil exports, price changes, etc. ...we know the solution is opening the market economy. Clearly there is a plan and Abadi appears to be determined to make sure it succeeds. Where exactly currency reform fits in that strategy is unknown...but it is required for a market economy to succeed so it is coming. I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies. Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control.
3-24-2015 *Kaperoni ~Article: "Government agrees to accept the proposal of the central instruments of private banks to taxes and fees" I remember back to early March when Allaq said he was giving the "green light" to delete the zeros...he said..."this process will be preceded by regulatory and administrative operations" Sure looks to me like they are putting those procedures in place now.
3-24-2015 *Kaperoni ~Article quotes: "Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis... "...that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis." ...there are several ways to overcome a financial crisis...such as the sale of bonds, increase in oil exports, price changes, etc. ...we know the solution is opening the market economy. Clearly there is a plan and Abadi appears to be determined to make sure it succeeds. Where exactly currency reform fits in that strategy is unknown...but it is required for a market economy to succeed so it is coming. I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies. Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control.
3-24-2015 *Kaperoni ~Article: "Government agrees to accept the proposal of the central instruments of private banks to taxes and fees" I remember back to early March when Allaq said he was giving the "green light" to delete the zeros...he said..."this process will be preceded by regulatory and administrative operations" Sure looks to me like they are putting those procedures in place now.