-2018 Newshound Guru Daytrader

  JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform.  The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development.  This circular process drives the flow of money in any economy.  ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program.  However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform.  [post 1 of 2....stay tuned]


11-5-2018    Newshound Guru Daytrader  IMO, the oversight management of the economic reform process is the responsibility of the government.  This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform.  Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform.  IMO.   [post 2 of 2]