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Guru G-Lin "As Usual We Will See How This Plays Out" 10/4/17

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Post by roxy22222222 on Wed Oct 04, 2017 10:45 pm

Article:  "Iraqi parliament reveals new sanctions for the Kurdistan region"   Quote:  "...in addition to a package of resolutions, notably the suspension of the sale of the dollar to the region, government and private banks, as well as a lawsuit against four companies."   [...why suspend the sale of dollars to Kurdistan?]   I'm not real sure about their thinking on this...In an art. posted a few days ago it stated that Kurdistan has 30% of the hard currency in their banks. Also the CBI said they will not stop selling the dollar in Kurdistan. So who has the final word? Independent CBI or Minister of Finance in Parl.? It seems that this move would cut Iraq's nose off to spite it's face. It will affect them too. Economist say this is a bad idea. As usual, we shall see how this plays out.
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