Unfortunately, I have to report that the Erbil meeting was not what I or many of the others expected. It turned out to be more of a formality for the four political groups. Pretty disappointing.
The leaders pretty much came and gave a short speech and left. The main leaders of the political parties all arrived and were there to discuss the position of Parliament Speaker, accountability, Justice law and other issues. There are five names for the Parliament Speaker position and the names are being held very close. The meeting only lasted a few hours but Kurdish leader, Barzani called it a success. I guess thats how he saw it. Either that or he wants it to be portrayed that way. Saw the local media there, they were all aware of what had been going on but for some reason, chose not to report it till much later.
The Parliament meeting is scheduled for Thursday, 11 November. The meeting is for the Iraqi Parliament to convene and vote for the different positions ie. Parliament Speaker, President, and Prime Minister. In light of what has occurred at the Tuesday Baghdad meeting, the Parliament meeting on Thursday has said to have been canceled. I have yet to confirm this with my associates but I can almost guarantee that it is canceled until around 16-20 November.
I have confirmed that the Central Bank of Iraq (CBI) will not be deleting the zeros off the Iraqi dinar by the end of 2010. The reasons being that the situation in Iraq does not have the best conditions to accomplish this at this time. Im not feeling very confident that the CBI will be completing this project which they initiated back in 2007, with hopes to be completed sometime in 2011.
Tonight, I got a tip-off that there will be unannounced VIPs coming to Baghdad in hopes of solving the government crisis. Lets all keep our fingers crossed on this one because they sure could use it.
Lastly, I have translated an Arabic video that I acquired on the deletion of the zeros today. I will be sending a copy of the transcript out exclusively to my website/email subscribers only.
As always, thanks for reading.
More to follow.