2-10-2014 Newshound Guru Kaperoni

2-10-2014   Newshound Guru Kaperoni   Article:   "Inch: banking systems in Iraq Systems backward"   Through the reconstruction of the banking system, Iraq is preparing the Capital Account.  This is the key for us to see the CBI transition out of the pegged regime and into Article VIII and a float.   So...before all these banks that are lining up to bring money into Iraq for investment can go forward, the CBI is going to have to get off the peg and into the float prior.   What we are seeing in Iraq now is them lining up all the capital (by increasing the banking capital minimum, foreign banks opening, improving the technology and conditions, etc.) This is not going to sit idle very long.  [post 1 of 2....stay tuned]