Iraq Study Group Comments on Iraqi Dinar Prospects
The highly-publicized Iraq Study Group Report (Baker-Hamilton) release yesterday contains this tantalizing bit of info that should be encouraging for Iraqi Dinar investors:
Milestones for Iraq
The government of Iraq understands that dramatic steps are necessary to avert a downward spiral and make progress. Prime Minister Maliki has worked closely in consultation with the United States and has put forward the following milestones in the key areas of national reconciliation, security and governance:…GOVERNANCE
By the end of 2006:
The Central Bank of Iraq will raise interest rates to 20 percent and appreciate the Iraqi dinar by 10 percent to combat accelerating inflation. Iraq will continue increasing domestic prices for refined petroleum products and sell imported fuel at market prices.RECOMMENDATION 24: The contemplated completion dates of the end of 2006 or early 2007 for some milestones may not be realistic. These should be completed by the first quarter of 2007.
Now, if they can only develop a market where we can buy and sell dinar currency without huge dealer markups…
