Kaperoni feels - Iraq is at a critical stage right now

by **Ponee** Wed Oct 02, 2019 8:59 pm

Kaperoni

Iraq's Parliament announced today the 2020 budget will be submitted around middle of October for review/voting. So we'll get a good indication what they finally concluded the deficit will be. Expectations are as high as $70 billion as they attempt to launch a private sector.

10.02.2019

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The Iraq government is striving to create a market economy with private investment. Doing so would bring substantial money into the country. This would create inflationary pressure on the financial system, the solution is to float the currency to relieve that pressure. It also would allow the CBI to profit by controlling the currency, buying and selling making commissions. Any kind of RV would circumvent those tools.

I want to point out to critical events between now and the end of the year. One is the vote through Parliament on Special Grades, the other being the 2020 budget which the supposed to include the launching of the market economy. Iraq is at a critical stage right now not only with an abundance of laws that still need to be passed, but they are in dire need to lure private investors in to rebuild.

10.01.2019