Some Kap haters will disagree, but I think he's spot on. And that 5 year CBI plan that reads like someone's MBA project thesis suggests months would be a miracle, if not years. Of course, anything is possible. GLTA!
3-30-2016 Newshound Guru Kaperoni It would be nice to see some change in monetary policy soon, but the reality is all the signs are against it. The CBI's auctions spread has drifted way out of whack and is now over 6%. That is itself is a violation of compliance with Article VIII, so they would not be approved for the transition. Throw in lack of laws, the dinar that sits in homes/pillows, etc. and the current stability issues with the ongoing war, and I think we can say pretty accurately that we are months out at best. Maybe even longer. Sorry to bring bad news, but I do not see them ready yet. We should get a better handle on progress in a few weeks once the IMF SBA with Iraq is published.
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