(Thank you George for emailing this so Dinar Recaps can post it.)
I can hardly hold my cheers for the news that came out in the last couple days. Amazing and right on time, as expected.
If you have been following the news all along you too will be able to see the significance of these recent events.
Why is this news so important but on the surface it seems like just more articles?
You must connect the dots. You must remember the project to delete the zeros process and what they have done in the past and where they need to go. If you are taking a vacation don't you at least know your destination? If you don't then how will you know when you get there? How will you know when you are getting closer to it?
But first they must be able to freely trade with international, global partners. As we know Iraq is still in a "closed" economy. In June 2013 everyone cheered when more sanctions were lifted and Iraq was declared a Sovereign nation again. Really?
How can you be a sovereign nation without a currency?
FACT - the sovereignty of ANY nation depends on its wealth. Wealth is clout and wealth is the power base.
So as we watched and waited for currency reform to complete it did not and we were disappointed (not to day much progress has been made since).
Now it is 2016 and still Iraq is in the "dog house" and without a currency. In other words -they are still in sanctions until their currency is released to the global markets AND they can freely trade using their dinar as payment. As we also should know today merchants must take dinar and go to the CBI currency auctions and buy US dollars to pay outside venders for services and goods. This is the only way they are allowed to trade today. This must end since it is causing corruption and billions each year to the CBI reserves.
So today let me point out to you yet more signs that tells us about my recent claim for a possible RV in the window of Sept thru Jan 2017.
First we know that Iraq has worked very hard to get to a point where they can quality for "full" ascension to the WTO. Right now they are in "observer" status. They can attend meetings, get trained, get help and share their issues but they do not yet have all the benefits nor take on all the responsibility and rules of a member nation. But this is all about to change as the IMF us telling us in the article below that Iraq is about to get "full" status.
Oh but the reforms and the needed laws are not important...you say? Really?
But first they must complete some mandated reforms-
I quote from the article below -
"revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms,"
What are these needed, mandated reforms?
I quote again from the article below -
"need for the Iraqi government some major reforms, the investment climate to improve, confirmed that the bank international and Washington identified the sectors that could be developed to contribute to attracting investment in Iraq"
So here you have it. No Rumors, No Hype just the good old fashion FACTS!
But this is not the only good news. You have to also see that they are openly talking again about the dinar and the new lower denominations. This is exactly what we want to hear at this point in time.
So they have a shortage of dinars on the streets?
Yes they do! And they should if the project to delete the zeros is having any success. Remember they told us they plan to limit hard currency and shrink it's availability by almost a third. So again this article below is telling all we wanted to hear. The project to delete the zeros is ongoing as I write this news today.
So why do you think they have launched the e-dinar? It is now Sept 6th and they had a deadline of Sept 1st for all banks to be in compliance and to be ready to accept payroll, pensions, salaries, etc…via e-dinar instead of paying people with hard currency. Think about it – how much more of the hard currency will be out of circulation in just a month of using e-dinar and not having people walking around with bulging pockets of paper notes?
I firmly believe this is going to be the tipping point for getting to the ratio of currency they want to remain in circulation. It is the final step in this direction of collection of the large 3 zero notes, at least enough so they can launch the lower denoms. Remember too that included in the launching of the lower denoms is also coins. These metal coins can not be circulated without a significant increase in value otherwise the black market will only melt them down for the value of the precious metals alone (more corruption). This is what they mean with the CBI and finance committee claims they will slowly, gradually launch the new denominations. They are talking about initially launching some paper currency (the new lower denoms) and then later, after an RV, launching the new coins. This is the process. So the rollout is not going to be overnight as many think. It is not going to be like flipping a switch and wammo its done....lol....
I quote from the article below –
“There is a way out of hard currency out of Iraq because of the security and economic conditions experienced by the country,”
I quote from the article below –
“stressing that the central bank has no other means than the currency auctions for the sale of hard currency in the whole of Iraq.”
Okay let’s discuss another good topic today, that of the very recent announcement of the Central bank's (CBI) intention to issue a new edition of 100,000 dinars category to the market.
Remember back last December 2015 they told us they were going to hold of on the issuance of this new category until much later in 2016. Originally they wanted to launch it along with the new 50,000 notes back last fall 2015. In the very same article they also told us the Project to Delete the Zeros was also going to be postponed until early 2017. Do you connect the two events?
This is what we do know as FACTual- the CBI has told us the 50,000 and 100,000 notes are the last remaining large notes to be issued in currency reform. These notes are NOT FOR PUBLIC USE on the everyday streets as they are for inter-banking transactions (between nations) where larger notes are needed (international trade…hint..hint..hint..). How can you submit payment of millions for imported goods using just the new lower denoms ($5,10, 20, 250, etc..) so the merchants will need these higher new denominations for commerce.
So is it not a logical conclusion they are getting close and preparing for some kind of major change such as an “international” rollout of their currency thus going from a “CLOSED” economy to an "OPEN MARKET” (or global economy). All the signs are right in front of our faces such as the WTO ascension, the last of the larger notes being planned for rollout, so much talk about attracting investors, so much talk about moving to a “market economy”. What the hell do you think they mean by a “market economy”. Folks this means going to FREE Global/ International markets. They will need a return to FREEDOM of movement of money as pre-war years. I will go yet one better...they will be moving to modernized electronic system of movement of payments, a much needed upgrade from the Saddam Hussein days. How's that?
Are you excited yet?
Washington suggest the IMF projects growth of non – oil sector in Iraq by 2018
Long-Presse / Baghdad – Suggested the US Embassy in Baghdad, on Sunday, the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms, the investment climate to improve, confirmed that the bank international and Washington identified the sectors that could be developed to contribute to attracting investment in Iraq.
Mnt Goat - Keywords: the local market is witnessing a shortage in Iraqi dinars
BAGHDAD / SNG – The Central Bank of the province on the Keywords day, that the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars on the local market, pointing out that the Ministry of Finance is selling 80% of dollar revenues to the central bank and then the latter to sell hard Eulma market gets to the Iraqi dinar.
Keywords and said in a press statement that “There is a way out of hard currency out of Iraq because of the security and economic conditions experienced by the country, pointing out that the central bank gives the spearhead of the individual to act in the funds, whether the currency conversion abroad for reasons to travel or invest outside of Iraq.”
And that “the Iraqi dinar is an internal expenses, government contracts and its imports are considered hard currency, pointing out that” fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market. ”
And that “the Ministry of Finance get foreign exchange earnings increased by 100%, pointing out that the financial sell 80% of foreign currency to the central bank to be put up in the market to sell and get the Iraqi dinar is then cashed in the local market to be traded in terms of the payment of staff salaries “.
He pointed out that “the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no other means than the currency auctions for the sale of hard currency in the whole of Iraq.”
Experts: Ask a coin 100,000 dinars will increase prices and raise inflation
BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs, the central bank from issuing a new edition category 100 000 dinars, and put on the market, because it will increase the prices of goods and driving up inflation as well as it would reduce the value of the Iraqi dinar and eliminate small groups of currency and thus will affect directly the citizens.
He revealed an official source at the central bank preferred to remain anonymous, the central bank's intention to issue a new edition of 100,000 dinars category to the market.
The source told / KD / "The category of 100,000 dinars printed and is designed such a model, and we will choose the right time to put on the market," noting that "put on the market will help to stimulate the economy through the operations of exchanges between traders and commercial transactions between the operating companies," as well as category of the 100 000 easy storage and load and is designed along the lines of the international currency system if the high level of security, it is difficult to falsify. "
He noted that "put on the market requires, inter alia, promotional media campaign to get to know them, and being equal to or close to the category of 100 US dollars."
For his part, economist Adel Mandalawi warned of putting large groups of currencies in the market because it will affect the citizens and indirectly in terms of increasing prices and rising inflation, as well as the collapse of the deliberative value of the national currency.
He told Mandalawi / KD / time that is appropriate to ask edition of 100 dinars fact that the Iraqi economy is going through a volatile and unstable, especially in light of the decrease in oil prices and a lack of revenue. He added that this new category would cancel the deal for small groups and gradually be currency 1,000 dinars smaller class than 250 dinars.
Mnt Goat - they are telling us the lower denoms from $1,000 dinars up to $250 dinars will gradually be issued
Lama, an expert on financial affairs Nabil Mahdi, said that some of the analysts and economists begrudge that sell the dollar at the central bank auction of the same amount and the introduction of a class of 100 000 new dinars to the market without the withdrawal of the equivalent of the dinar will lead to the final collapse, "In my view it no relationship between the central bank auction, which is a fixed nominal price of the dinar against the dollar, and the introduction of 100 000 dinars category collapse of the dinar, but the effect will be to increase the number of times the monetary union trading (dinar) within the economy any increase money circulation in the Iraqi economy speed.
He added that "according to economic theory, the printed large new categories practical means to increase the money supply ratios (liquidity) which have fits directly proportional to the increase in money supply rotational speed (speed of trading) the speed of trading, which is proportional to the accelerating inflation caused by rising prices resulting from increased new demand on the supply of goods and services due to the increase of that cash. "
He continued, "as if the demand for domestic goods increased, the displayed quasi-static at the moment for lack of production of a multitude or, comparable to a foreigner so that local products, especially industrial fill the increasing demand of junk purchased a gap, as well as there are no modern techniques of agricultural production even provides a new view of the agricultural product fills the needs of consumer, leading to increased consumer demand to the direction of foreign product, which means that the dealer to increase the import of foreign products to meet the shortage of supply of goods imported from the front of the new demand resulting from increased liquidity. "
"The increase in Iraqi imports from abroad means more dollar absorption from inside Iraq to the outside, which means to increase the desire of traders and speculators on their access to dollar auctions central bank and increased that desire means to raise the price the dollar within those auctions Batalli to increase the proportion of low value of the Iraqi dinar against other currencies, including the dollar, which increases the desire of speculators at this time to get a dollar, even at a higher price than the previous price within Iraq to the expectation of the low value of the dinar at a higher rate from the current time and the high value of the dollar. "
This brings together experts and analysts that the time is appropriate to put up with large groups of currencies, given the state of the Iraqi market instability. The central bank has issued a new edition last year, the category of 50,000 dinars to the local market with announced his intention to print a new currency Other category 100,000
So now we have news once again that the current CBI governor is not qualified. Will they make the needed reforms in the management of the CBI? Will they implement the monetary reforms in the CBI too? More pressure from Allawi to get the CBI management to a technocratic management team.
Allawi: Keywords ineligible for the management of the Central Bank of Iraq
By Adnan -
September 5, 2016
Treasures Media / Baghdad confirmed by former Secretary of Communications Mohammed Tawfiq Allawi , said Governor of the Central Bank of Iraq on the Keywords, does not know how the bank manages under these tough economic conditions, noting that "Iraq is moving toward a serious economic cliff. Allawi said in a televised interview with the Tigris satellite channel and he followed "treasures of the Media" that, by holding the economic file in Iraq , people who are not Mahliyn, explaining that "these primitive ideas have delivered the Iraq to the economic level of the shallow and the next worst. Allawi added , " has asked the Governor of the Central Bank "on the Keywords" in an earlier time, if it was not able to respond to the economic plight of Iraq, he left to work for this economic detailed important, and important to entrust to the people who are competent, have the ability to draw financial and economic policy success for the challenges that gripped the country. He said Allawi that " the central bank governor is not qualified to lead this great post, pointing out that "is in a valley , fiscal and monetary policy in the last ravine. I believe this change is coming soon.
Mnt Goat - Will Dr Shabibi come back as I am being told by my CBI contact will happen soon, as he first wanted full Amnesty and the Maliki goons gone? It is all coming together nicely as I have been telling everyone for years now. Only many of you could not be bothered to listen to me since you were too busy listening to these so called intel "gurus" who knew something about nothing....lol...
But I said time will tell who is telling you the truth and we will see. Well now we are seeing.
Recently we have seen two articles just within the last couple weeks from Dr Shabibi stating the Maliki stole money from the CBI and why he was falsely accused of crimes within the CBI. Why now all of sudden these articles? What is about to happen in the CBI? Why Ayed Allawi too coming out with his negative statements about the current CBI administration?
I will tell you why (read my lips!) DR SHABIBI IS COMING BACK TO THE CBI !
Corruption Files now open on 5 Iraqi Key Figures
So one more thing to discuss in conclusion. Remember I am the only one that repeated over and over again that Maliki and his goons will be dealt with at the end of this ride to the RV process.
How could they possibly secure all this new wealth unless they get rid of the culprits that keep stealing it. Imagine this – it is estimated that enough wealth has been stolen by these culprits to build and house nearly everyone in Iraq (36,000,000) people. They could finance the entire country’s expenditures for nearly 5 years.
Here are some of the figures about to go down (INTERPOL investigators). Notice the timing of these investigations now that Amnesty is in the Gazette and finalized.
Obeidi (former defense minister, dismissed under no confidence vote)
Zebari (soon to be "former" minister of Finance…lol…)
Hammad al-Moussawi (state of law MP)
Nori Al Maliki (former prime minister of Iraq)
Note Maliki is on the list. So for all of you that argue and dispute my claims and that he will go unpunished and it will take years and years to bring him down - I am sorry but I am going to prove you all wrong…..lol….
No Rumors, No Hype just the facts !
Once again I will reinforce my strong belief that we can very well see some major change in the Iraqi dinar from now going forward. In fact I believe sometime on or before early January 2017.
All my Love as Always....