(Thank you George for emailing this to Recaps.)
UU9466 - “Could this be the final step?” by Mnt Goat
I come to you today to give you a short and brief update on the progress of the new government and how this relates towards the international rollout of the IQD for Iraq.
Today's news letter, as in all my news letters, is a continuation of the ongoing saga of the IQD RV process. Please refer back to my news letter of 9/12 (LINK) as this news letter is a continuation of this news.
Today is Saturday 9/13 and so far this week we witnessed the announcement of the ”fully” formed government of Iraq. At least this is what we were told since in fact we know now that many positions were simply filled with proxy ministers so they could replace them later with the permanent ministers.
They needed to do this to meet the constitutional deadline and for NATO and USA coalition to go ahead with the strategic plan to fight ISIS. Could this be why we have not yet see the currency reform project completed and their currency revaluation announced, as we were told would coincide with the announcement of their government ( which was announced on last Tuesday) ?
So today out pops news from Iraq - the MP for the rule of law that Huda Carpets announces "ministries (Defense, Interior, and water resources, and the Displacement and Migration, women) will be ready to vote at a meeting next Tuesday” to meet the 7 day required timeline.
Note that the "Union of Iraqi forces sent its candidates for the Ministry of Defense and submitted two names to the Prime Minister, Jaber al-Jabri and Khalid al-Obeidi," that Abadi will choose one of them to take over the Ministry of Defense. "
So today’s news is all very good news again. I just wanted to drop in with this very quick news letter to let everyone know Iraq is still very much on track to see the final group of ministers get voted on this coming Tuesday 9/16. The controversial Defense and Interior ministers along with the other couple ministers should all be seated at this time.
We anxiously await !
After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time. We shall see.
I will tell you I have strong evidence that there was a planned timeline this week to RV their currency but there was a hold on it due to the lack of mainly a permanent defense minister being seated. Seems they do need this “fully” formed government in reality and not just an announcement…..lol….
However if this RV does not happen with days if not hours after these final ministers are seated do not get disappointed. It may only be that they are still requiring more security to be put in place to protect Iraqi borders and provinces. There may also be an issue of implementation of many of the delayed economic reforms. Investors will require this since they need to feel assured that their investment is protected and Iraq is no longer a crazy wild west spectacle but instead a secured nation with a functional government. This is even more especially true after this crazy ride they are now on with DAASH and ISIS attacks. Be patient. It is all looking very good.
Then when can we expect the RV?
All I will say is what I have been saying all along we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated. Many of you asked me if a formal, public announcement is necessary and the answer is a big fat YES.