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Guru mike "This Event isn't Going to Happen Any Time Soon"  7/11/17 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Post by roxy22222222 on Wed Jul 12, 2017 1:24 am

Article:  "Fight Daesh economic trouble ."     Quote:  "a result of corrupt policies in the currency exchange, Iraq is suffering from a liquidity crisis. There is not enough money in circulation and that the Central Bank of Iraq is part of the problem."   When they talk about money in circulation, they're talking about internal investment dinars that should reside in the banks and not under a mattress because no one trusts the banks. Instead, they bank in Jordan or Kuwait because the returns are higher and access to cash is simple and easy.  This stood out to me: "Yet all of these plans are still in their infancy, but they all will live up the weak Iraqi bureaucracy."   Due to the record Baghdad over the past four years, ten years, no one is betting that none of them will bear fruit without significant assistance from the international community. 

This event isn't going to happen any time soon, it's still in it's infancy because the GOI lacks the political will to execute the long overdue legislation. When we start to see the laws passed, the freedom of movement of capital is achieved and a currency in Article VIII, we'll know Iraq is close to moving towards an open market economy. In the meantime, we'll keep seeing these types of articles imploring the GOI to act. It's clear that they aren't going to let Iraq borrow the $100 billion needed to rebuild, they're going to have to help themselves at some point. 
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Post by Scotchie on Wed Jul 12, 2017 3:00 am

Yes, I believe he is correct

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