ARTHUR gives his thoughts

by **Ponee** Fri Feb 27, 2015 9:40 am

Arthur :

Q. Are we really close or are we waiting on June or further out?

Arthur: IMO based on everything I see and am hearing from our Arteam we are closer than close. Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.

The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime. This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.
....

All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq.