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Kaperoni doesn't see a basket for Iraq,
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Kaperoni doesn't see a basket for Iraq,
Kaperoni
Article: "Iraq News Network," published the terms of the International Monetary Fund in return for granting the loan for Iraq"
...parliament has to approve the SBA from the IMF and the IMF board has to approve the SBA in order for this to go forward. Nothing is a done deal yet.
Since it is so important financially to Iraq, I would expect to see it on the parliament agenda soon.
...5 billion is not a solution for Iraq...its a temp fix and short term at best. Iraq needs changes and fast or the hole will get deep and bigger than ever.
They need alternative sources of revenue, a banking system and currency reform to go along with increased output of oil and oil products to dig themselves out of this situation.
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Article: "Gulf states moving to a basket of currencies save the economy!" This plan surely effects more than just Iraq.
I don't see a basket for Iraq, at least initially.
They can always add currencies and create a basket later once the dinar has a reached an exchange rate more on par with the dollar (and set by market forces).
Article: "Patriotic Union of Kurdistan announce his presence to the next session of parliament"
Can't wait to see the agenda's...Guess we see how serious they are.
I guess time will tell.
In a few weeks or so we should see the IMF SBA published that will contain the details of the agreement.
That will provide another piece of the puzzle and much more clarity to the plan for the financial system over the next 12 months or so.
Last edited by Ponee on Tue May 24, 2016 10:37 am; edited 2 times in total
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Re: Kaperoni doesn't see a basket for Iraq,
Yea sure Kap .... try taking off your RV colored goggles once in a while.
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