Kaperoni: "If and when there is ever any currency reform it'll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil" 10/26/19

by **RamblerNash** Sat Oct 26, 2019 7:24 pm

Michael Kaperoni
@kaperoni

The truth is the riots and protests are escalating in Iraq. Civil unrest is becoming evident. Iraq is doing everything I can just to keep things from falling apart. No reforms, no investment and no laws are being passed.

Today the World Bank put out a report stating Iraq is towards the bottom of the list (172 out of 190) of countries that have created ease to do business with. In other words, it's a poor business environment. Lot of work to do.

Whenever something bad happens in Iraq gurus like to make up stories to get people to stop thinking about the reality of what's really happening. The truth is.. nothing is happening because the protests and civil unrest is overwhelming everything in Iraq at this time.

Unfortunately there are a lot of people that are invested in the dinar that are either naive or are caught up in the constant storytelling from the gurus. The sooner you stop listening to that nonsense and focus on the facts and the truth the better...

If and when there is ever any currency reform it'll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil. Only then can the CBI create the conditions to allow the currency to rise.