1-6-2014 Newshound Guru
Tlar On the 7th of
January the CBI will start selling bonds for the first time since the Saddam
era. This is an important "monetary
tool" which is one of the three tools that ultimately will replace the
auctions. The other two tools are the tariffs (implemented Jan 2nd) and the
Exchange rate not implemented yet. The COM has
just released the budget to parliament today to be voted on. With Bagdad and Kurdistan in agreement, it should
pass quickly. Article 140 was agreed upon by making it its own province that
eventually will be under Kurdistan influence. So what does all this mean? For years all of this
legislation has been tied up. All of it is
coming together this month, January...everything looks like it is finally
falling into place after years of waiting
