News leaked from the meetings that Talabani and Barzani had reached an agreement on solving the current problems within the principles of the Erbil Agreement. Talabani and Barzani have pointed to the significance of meeting with Iraqi leaders until an agreement is reached on how to tackle the problems that have brought the country’s political process to a standstill.
The Iraqiya bloc attended four of the five Erbil meetings. Dr. Fuad Masoum, head of the Kurdistani Coalition in Iraqi Parliament, told Rudaw, “The last meeting cannot be considered part of the preparation for a national consensus meeting since one of the major parties did not attend.”
When the President of Kurdistan Government, Massud Barzani went to the United States to visit with U.S. officials in Washington D.C.. I am sure he was shocked at the U.S. response. The F-16 plane deal would still go ahead as planned. Barzani said that he feels threatened if PM Maliki had access to them. Let’s look at this realistically.
Iraq has a professional Army of several hundred thousand soldiers. They have over 200 new American M-1 tanks also bought from the U.S. government. Doesn’t Barzani feel threatened by the M-1 Tanks? Doesn’t he feel threatened by the professional Iraqi Army? The same Iraqi Army that crushed the Mehdi Army (Militia) in the south?
The Kurdistan Region stopped producing Oil in the Northern Region. This will not hurt the Baghdad Central Government as the Oil exports in the south have increased and this will take up the loss from the North. As I have said in my video Podcast 17 April the Kurds just shot themselves in the foot. They will come crawling back to the Central Government as they do every year.
The Kurds are wanting funds from the Iraq Central government to pay the Oil companies that are operating in the North. The Central Government wants their money from all the Oil smuggling that has been going on for years. Billions of dollars worth.
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There are several articles published recently that are mentioning the Central Bank of Iraq (CBI). Who by the way, are scrambling to control the outflow of U.S. Dollars in the market. The CBI has put in place the restrictions for the banks and the money exchange centers however, this has not solved any of the problems. Unfortunately, criminal gangs and other entrepreneurs are continuing to gain more U.S. dollars to send to both countries of Iran and Syria. Both countries are under sanctions and their currencies are depreciating rapidly. The U.S. dollars are also in the streets of Iraq as the confidence in the Iraq dinar is not as high as it has been in previous years.
In January 2012 the CBI announced that everything was fine with the Iraq dinar and now in April, you have the dinar depreciating against the dollar. The Governor, Shabibi will have a lot of explaining to do when he meets with the Council of Ministries.
The project to print the new Iraq currency has been placed on hold. Prime Minister Malki has signed resolution stating the project will be suspended if not canceled. The Iraq government is very concerned about the elements inside Iraq who are undermining the economy of Iraq. The department of Cabinet Affairs in the General Secretariat of the Council passed a resolution to stop all procedures on the changing of the new currency until further notice.
Here is something to think about, if the CBI had all the authority why did the Cabinet Affairs have to pass a resolution to stop the process?
On another note, all of the council ministers are in support of Nuri al-Maliki, the current Prime Minister of Iraq. These Minister’s are loyal to Maliki and will continue to support him.
Prime Minister Nuri al-Maliki has the unwavering support of Iran and the USA as the leader of Iraq and will seek a third term in 2014.
Governor Shabibi is negotiating his departure from the Central Bank of Iraq along with other senior members of the CBI. We will see departures in the management of the CBI by the end of the year. It is rumored that they will be leaving the country.