Kuwait TV…stated…all the investment opportunities (212) for…that…Rebuilding Iraq…conference…will be essentially backed by the World Bank.
The reason that appears the case is because at the time of the start of the conference as far as we know, we hear the Iraqi dinar rate had not been made internationally known.
Iraq who was given permission a few weeks ago to release that rate has not done it yet.
We thought it would be done before the conference started.
Sources…stated that the budget would be put in the Gazette tomorrow [Wednesday]…which would include the rate for the dinar.
We were getting contacts in the US Treasury talking about this going…
We know it is in the hands of the banks now because it has been released by the Treasury to do it.
I am encouraged because we are finally at the end of the ride. …All the indicators are very positive.