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Prolotario
@Prolotario1
The “18-Month Delay” Fallacy — Bank Preparation vs. Statutory Implementation Lag (And Other News)
We Will Demystify The Confusion & Mysteries Of An Assumed Course Of Action
THE ARGUMENT BEING MADE
Someone is pushing the idea that the Clarity Act contains an 18-month implementation window that regulatory scaffolding must be built out for a year and a half before any revaluation mechanism activates. They are using that assumption to project 2029 or 2030 as the earliest possible RV timeline. Their logic: bill passes → 18 months of rulemaking → then and only then does the legal framework permit currency revaluation.
WHAT THE BUDGET TIMELINE ACTUALLY SHOWS
Iraq’s Finance Ministry begins drafting the 2027 federal budget on September 6, 2026 two days from now. The budget is submitted to the Council of Ministers by September 15. The Council of Ministers amends and approves it by late September. Parliament votes in mid-October.
The Critical Detail: The budget drafting process embeds RV assumptions early. The budget is being built with revaluation projections baked into revenue forecasts and expenditure planning. That means the redenomination is expected to be operative before or during the budget e*******n period — not deferred to 2029.
If the RV were truly a 2029-2030 event, the 2027 budget would not contain revaluation-adjusted revenue projections. You do not build a budget around currency values that will not exist for two more years. You build a budget around currency values you expect to be live during that budget cycle.
The budget sequencing draft September 6, Council of Ministers approval by late September, parliamentary vote mid-October creates a natural window for the CBI to e*****e the redenomination via decree between Council approval and parliamentary vote. The Council of Ministers decree authorizes the zero deletion. Parliament does not need to vote on the redenomination itself it is a monetary policy action, not a legislative one. Parliament votes on the budget, which by that point already reflects the post-RV currency values.
Read Full Article:
https://www.patreon.com/Prolotario1/posts/18-month-delay-168639145
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