"The last four years were wasted and we are almost back to 2007-2008 conditions", Says Kaperoni

by **Ponee** Tue Jun 24, 2014 9:28 am

6-23-2014 Newshound Guru Kaperoni Article: "Massive withdrawals of depositors .. and fears collapse of the dinar amid the absence of a central!" it is clear that the problem is a lack of confidence from the citizens. But the CBI is not helping matters as they say. Despite Turki's statement the other day (plenty of reserves), he is not providing enough foreign currency to curb this problem..and the result is even less confidence.

If the dinar continues to drop in coming days (auctions) its only going to take them even further out of compliance with the IMF and delay any chance of monetary reform this year. Until they get the country under control politically and reduce the violence that is not going to happen.

I will add, Maliki's poor management of the country is a clear example of how he has weakened the banking and monetary policy. The CBI has been in essence "treading water" waiting for the rest of the country to get together so they could take the next step and do what I said above. But Maliki has failed miserably in uniting the country and reducing violence. The end result was the last four years were wasted and we are almost back to 2007-2008 conditions. What needs to happen now is Maliki needs to go, a unified government needs to be installed and the country needs to stabilize, strengthen and remove the terrorism..and in short order. The CBI is waiting.