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Kaperoni: "it's a step in the process" 7/19/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni: "it's a step in the process" 7/19/19

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Kaperoni: "it's a step in the process" 7/19/19 Empty Kaperoni: "it's a step in the process" 7/19/19

Post by RamblerNash on Fri Jul 19, 2019 9:33 pm


 Anyone who says nothing is happening in Iraq or there's no progress is really missing the boat because these types of things that may not be effecting us yet are major accomplishments. 

Remember post war Iraq was literally off the map.  

They had to rebuild everything from the ground up and to talk about a financial system now that's engaging and preparing the financial system, inter-banking, markets, the electronic banking, ATMs and all that...they're going from the Stone Age...


we're starting to see a lot of movement with the Iraqi government to encourage investment and to start bringing capital into the country and to start to move this wheel forward...

And that's what's going to cause the CBI to get off the peg because they don't want to be last to the party. 

 They want to be ready for when all that capital comes in because that is what's going to cause pressure on the financial system.

There's been indications in the IMF's own reports, in what's called their article IV consultations...there's been comments from the IMF...where they've told them [Iraq] to liberalize their foreign exchange, to move to article VIII.   There's been statements in those Article IV consultations that have been very encouraging regarding our investment leading us down the path of what we're looking for...freedom of movement of capital...'moving to article VIII will send a strong message to the global investment community that Iraq is open for business.'  So there is no confusion there...they have to move to Article VIII...if they want to convince the world 'hey, we're ready. Come and invest.'  So article VIII isn't a dream we're hoping for, it's a step in the process and we're just on the cusp I think of that occurring...


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Post by man in the know on Sun Jul 21, 2019 5:06 pm

kap who many more steps to go in this decade?

man in the know

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