IRAQI DINAR INFORMATION

11-20-2015 *Kaperoni ~Article quote: "The National Investment Commission announced on Thursday that its chairman , Sami al-Araji, as the representative of the Republic of Iraq has signed with the International Center for settlement of Investment Disputes (ICSID)..." IMO, this is a big deal! Iraq has signed this deal in anticipation of international investment! When you talk to anyone who is in a position to invest in Iraq, they always say they want laws to protect the investor, insurance to protect the funds and some sort of arbitration if something goes wrong, as well as the ability to get profits out. And IMO, this signing of the ICSID is another very good piece of the puzzle. With the recent amendment to the Investment Law, discussion about passing banking insurance, the IMF MoU to remove exchange restrictions and now this, we may well be on our way to seeing that "wild west" of investment begin in Iraq. Only good things then can happen to the dinar.

11-21-2015 *Kaperoni ~Article: "Parliament Decides to extend its sessions to the 23 of this month" There is no details to this article but I get the impression we may be in for a holiday month long break at parliament. Hope not.