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The Tigris channel reveals the details of the World Bank negotiations with Iraq over the corruption of the currency auction ****

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tlm724

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Thank you Rocky !

I see some positives in this article.

1. The IMF has always had a tight grip on Iraq and now that Iraq is  ready to tackle corruption the IMF is giving them a swift kick in the butt to get them jump started  !!

2. Iraq needs the US Dollar to pay for imports UNTIL their currency is recognized and accepted by the importing countries. However the key to this is to provide ONLY the amount of dollars needed to pay for import.

3. The IMF is saying "get it together and control the auctions before you royally screw things up and go broke". They are priming Iraq for the near future  Wink

4. As I said the other day on the Delete the Zero's article, Iraq will need to free float the dinar when they are ready and start out low and allow the economy to determine the rate. There is no other way Iraq can do it !

5. Iraq is making HUGE strides in Banking, corruption control, electronic technology (less cash) and most importantly stability. After all these years we are so close to realizing our dream. Hang tight and let Iraq bring it all together and then we should see the light at the end of tunnel  Wink


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