Time is ticking away against the PM Maliki and his cabinet. Apparently PM Maliki has been resisting the implementation of the Kirkuk referendum which the Kurdish people have agreed to in the provision of the constitution in Article 140 which passed last year. This was one of several conditions for the Kurdish groups in the north to agree and vote for the new Iraq constitution last year because they had a referendum in Kirkuk. The Kurds in the north are becoming impatient and are hoping PM Maliki is going to quit stalling and implement Article 140. The Shi’ite groups in the south are pressuring PM Maliki to not implement the Article 140. The Supreme Commission in Iraq has lodged complaints against PM Maliki and he has stated he will respond to those complaints today 13 Nov.
November 2006Monthly Archives
Daily Auction
The Central Bank of Iraq had posted some great numbers from their daily auctions last week with the highest exchange rate for the US Currency 1468 IQD instead of 1470 IQD. Some of the contributing factors for the high demand for last weeks auctions for the US Dollar was the suspending of the auction for five days because of the curfew imposed, the weekend vacation, the sentencing of Saddam, and the ever increasing deteriorating of security.
The private Iraqi banks are selling their Iraqi Dinar as fast as they can get it. So much for an RV it is not in the cards this year.
Not Easy Being The PM
A lot has occurred lately and I have been watching it closely in regards to the dysfunctional Iraqi government. It looks like the Iraqi PM Maliki has made some decisions against the US and in more inline with Shi’ite cleric Moqtada al-Sadr, when PM Maliki, ordered the US army to remove the checkpoints around Sadr City.
PM Maliki, is snubbing the US administration in favor of the Iranian backed Shi’ite Cleric Moqtada Al-Sadr. I believe PM Maliki, knows his days are numbered and that when he signs the Oil Investment law, he won’t be needed anymore.