Dinarland Highlights – 5.13.22
I think Maliki is just playing for time, trying to get out of Sadr’s trap. I do not think he is going to escape…Maliki will lose, and the RV will go through…The people of Iraq will win.
RV update: it has been a week of a lot of good news that things are moving for real…we are in a sweet spot based on All I speak to…
“Finance holds a consultative meeting to implement two systems…and reveal their benefits”
…We expected there to be meetings today with Sadr, Finance Minister and CBI Governor. This is not just getting started, they have the system ready to go and todays meeting is about the process of initiation of implementation of the system. They will be consistent with international programs and systems.
With all we know the automation of the borders, the AYSCUDA SYSTEM, the BUNA PLATFORM, ISO20022, deletion of the zeros project, etc., we can see there is far more progress in the white paper programs than ever before. The CBI papers show they already printed currency for the project…So it is not surprising that we see the big hitters having a meeting on implementation over advanced internationally acceptable systems…I like what we are seeing.
“Initiating the implementation of a new mechanism to support the validity of the issuance of customs permits“
Put this with the meetings with the CBI, the Finance Minister, the IMF, the World Bank, Banks in Iraq, etc…we can see that Iraq is going international and quickly now, as in very quickly!!! It appears that it is all systems go now… Even the deletion of the zeros project is being talked about…we are well on our way for a big change in the way things are going to run and what mechanism they will use. It won’t be 1460 imo…
Looks like the independents have at least shown a little bit of their hand…they might be heading towards the direction of Sadr. It is not set in stone yet. They’re waiting for him to get finished with his 40 days of seclusion. I thought it was done but apparently not…
“The Independents are waiting for a position from Al-Sadr after the deadline for the framework expires“
I think what they want to know is…if you want us to help you establish the government and take sides against the Coordination Framework what are you giving us. What are you promising us.
My text messages and everything else were getting blown up…every time these types of articles are printed people get concerned…here we go, that evil article that we get…maybe once every six months… it confuses everybody then there’s all kinds of chit chat about what it really means. I get it, we talk about it all the time…
“Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency“
For those of you who don’t know what that means, you would have to exchange in your currency depending on what it is they want to do. The 3 zeros is what they are talking about. If you have a 25000 dinar, remove the zeros you would exchange it obviously for 25’s. Where the complication comes in is the exchange rate. People panic because they believe they’re losing money. When you trade in your larger bill for a smaller bill that’s not the case…
Redemption center folks still on call this weekend. Banks are ramped up and ready. Government contacts in Iraq are talking about the issuance and schedule of the lower denominations. We have expected votes in Iraq tomorrow that should seat the PM and give us the Food Security bill. So we have a lot to watch tomorrow…
“Is it time to delete zeros? Economist commented“
MR. ECONOMIST YOU KNOW VERY WELL IT’S TIME… OR YOU WOULDN’T CONTINUE TO BRING UP THE SUBJECT
“The Iraqi parliament completes the formation of its permanent committees: its meetings will be held starting next week“
“Parliament will not obligate the government to send the general budget .. and food security will be a temporary alternative“
This food security law was established to give their citizens immediate relief until the new government is officially seated (& announced imo). Then they can tackle the general budget. Again this tells me that they expect the government formation & then the budget voting, etc will take some time.
STATUS OF THE RV…The news is all fantastic and this is moving fast now…The plan is laid out and the clock in ticking towards a targeted timeframe period to begin. Yes, we are now in this period, according to the Central Bank of Iraq, tic toc, tic toc.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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