Highlights/Thoughts
Click on the title of this posting to get to the details of the posting on DD
1. This is in reference to an article published in December stating that the Paris Club forgave the remaining 20% of the debt
2. Enoch is saying that their currency hasn't been recognized yet because their credit has a C rating
3. In order for it to be recognized, it must have a higher rating
4. Iraq's credit rating should be upgraded this year
5. Iraq is waiting for the 2011 budget and final reports from 2010, Official Creditors and World Bank upgrades their credit rating, and the IMF upgrades Article XIV to VIII compliance
6. RV is 100% dependent on the World Recognition and credit rating
Enoch also mentioned that Iraq's debt to income ratio would be improved by the debt relief as well as from their oil reserves. Remember, they can now monetize their oil. On that note, there was an article published today that said they now have 500 bil barrels of oil!
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