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Adam Montana believes that the dinar will remain pegged to the dollar

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Post by Ponee Thu Apr 17, 2014 8:01 am

[size=undefined][size=undefined]4-17-2014 Newshound Guru Adam Montana[/size] [/size][Do ya think the dinar will stay pegged to the dollar?] I don't believe it will fall away from the dollar anytime soon, regardless of the RV. As the dollar falls, if Iraq's currency is getting stronger, they just continue to adjust the exchange rate accordingly.
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Post by Ponee Thu Apr 17, 2014 7:26 pm

[size=undefined]4-17-2014 Newshound Guru Adam Montana[/size] [What have your sources stated about the budget and HCL?] I'm looking for HCL movement shortly after Maliki is re-elected, and the budget is irrelevant. The current budget is based on the current situation, and when that changes... so will the budget. [After reading many articles on HCL and Budget it looks like no agreement may not be made until 2015 - My question is if Iraq and Kurds to not come to agreement on HCL and Budget being pass for 2014 do you think it's still possible for RV in 2014? I hope that I am wrong but not seeing any GREAT signs that RV will happen this year.] [b]I don't see an RV without progress on the HCL. Whether that will happen in 2014 or not remains to be seen... I believe it is definitely possible.[/b]

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Post by Kevind53 Thu Apr 17, 2014 8:30 pm

Agreed. We have seen some movement on the HCL, but that is only one piece of the puzzle. We also need a fully seated and stable government, power sharing, fully enacted tariffs, etc. Will it all come together right after the elections? Perhaps, but don't hold your breath.

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Post by Goldiegirl Fri Apr 18, 2014 9:05 am

Kevin, it won't happen after the elections. They will then be in a position to work on it after the elections. What I am seeing out there is everyone interpreting that the elections are the end all to the RV. Not so. A fully formed GOI and HCL etc is going to take time. Look how long the GOI took back in 2010.  The will be lucky to get it done in the next few months. They have to co-operate something they don't do well, so the elections are just the start of a very long journey. IMHO of course.

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Post by Kevind53 Fri Apr 18, 2014 9:38 am

Exactly, I'll allow an outside chance, but as I said, don't hold your breath.

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