Again, over two year old article. Who knows who the author was.
I know the sources of recent calls for a lop. They are the Minister Finance for Iraq, Not one, but two senior Central Bank Advisors, and the Governor of the Central Bank. They are the ones in control of the situation. The author of the article as far as we know has no input on the situation… but even he wrote in 2006 that it could be done in the not so distant future.
“Finally, we have a long way to go on the way of the economic reform and reconstruction in order to improve the price of the Iraqi Dinar and its raise its value or as some would like to call it ( when the Iraqi Dinar gets its health back ). This is not impossible and tomorrow is not too far.(Source)AlSabah"
You are aware that the Paris Club debt reduction is over with in 2008 and the Stand By Arrangement with the IMF ends in March of 09?
I think the lop will coincide with expiration of the Stand By Arrangement.
It is amazing the emotional attachment so of you have with this investment.
