Thursday, March 20, 2014

3-20-2014 Newshound Guru Adam Montana

3-20-2014   Newshound Guru Adam Montana   A nice reminder that US protection of Iraqi funds is once again coming up.  This could be a tipping point for us - last year at this time, Chapter 7 sanctions were still in place. It's always been my opinion that those particular sanctions were a major component in this ride... well, as of last June, those sanctions were lifted and Iraq has MUCH less chance of playing the same cards they've been playing for so long.  Delay in budget related to exchange rate:  "... will lead to a problem in the Iraqi street against politicians and members of the House of Representatives..."  That's right, GOI - problems are coming if you don't fix this! Lucky for us dinarians, elections force politicians to take big measures, and the value of the Dinar IS a big deal.