MilitiaMan » December 30th, 2021
This year is not over yet when it comes to the CBI.
There are many things that are showing us that this is not all about Iraq. I.e., the digital transformation of the CBI, the Government , the borders, the CBDCs of the world, etc..
The 2019 Financial Management Law is real and has been in place for years now so that the CBI can re instate the IQD when the CBI is good and ready.
I do agree, that once the rate that has been approved by the past parliament in 2021 is given out by the CBI, then that rate placed into the 2022 can be voted on for what needs that may arise from that.
A rate will imo precede the 2022 budget.
IMO the CBI, is not a awaiting for the unknown time for the seating of the new parliament. That could be very a significant unknown amount of time.
The CBI is not in a position to adjust it Monetary Policy to an international market economy on the basis of the or a future unknown seating of parliament. If we look close they told us that there were budgetary items suggested to be sorted the same day the dissolution of parliament happened.
Nothing to say there wasn’t any items that may have been needed to be sorted by parliament before the dissolution, were not done.. However, I still believe that the 2019 FMLA has that covered all along.
Not taking into consideration of the past approval of the 2019 FMLA / 2020 and 2021 and even the 2013 and 2014 budgetary audits completed, one may be missing some integral data need for analysis. So until that time arrives that there has been no rate issued and or after the parliament is fully seated, then one can say told you us so.
Until then we still will need to watch what is done in the coming days.
There are global changes coming.. Iraq is imo a pivotal player and will require an urgency.
Just as we just witnessed the Chapter VII lifted, Kuwait paid, combat troops being removed, etc.. Those three and I am sure may other circumstances done, support that we are not awaiting in the seating of an unknown timing to a political event.
Time will tell.. imo.. ~ MM
Source: Dinar Recaps
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