Thursday, August 17, 2006

Latest Articles about the Dinar and the Violence in Iraq

"I believe that the sectarian violence is probably as bad as I’ve seen it in Baghdad in particular, and that if not stopped, it is possible that Iraq could move toward civil war," said General John Abizaid.

But the Joint Chiefs of Staff Chairman Peter Pace says although civil war is possible, it's not expected."

"Corruption is endemic, its state-owned industries inefficient and while there is plenty of money around, it has done little to help ordinary Iraqis."

"If these other (security) actions are able to gain some traction, the attention could shift to the economy and if we had not been laying the groundwork, then very quickly it could become the focus of blame for why things were not going well," said Jeremiah Pam, U.S. Treasury Attaché to Iraq.

"The exchange rate remains stable and reserves continue to grow in Iraq, according to an International Monetary Fund (IMF) August 2006 report. "


Regards Marcel


Post a Comment

<< Home