(Thank you George for emailing this to Dinar Recaps.)
UU5513 – “Quick Update 5/17“ by Mnt Goat
The news to share with you today is so good that I can hardly wait. It is all verifiable and backed by reputable sources such as articles, news media and sources inside Iraq.
Today is Sunday May 17th and still no RV and just 14 days till June - all I have to say is TIC TOC, TIC TOC to all that say this will never reach June.
Some say it will never reach a June timeframe. Really? They are now slowing changing their tune as we get closer to June. NO SECURITY, NO NEEDED LAWS = NO RV !
I can hardly believe it that even after I have written about 10 news letters already on why I think Iraq is not yet ready to RV. Some just still put on their RV filters and are only reading what they want to read from my news letters.
So now let me once more clarify my stance on some information.
I never said it was just about PASSING the new laws. Heck that does Iraq absolutely no good. They need to IMPLEMENT these laws. Since in the past Iraq tends to pass legislature and then sit on it for months. The USA wants now to make darn sure these new law are not just passed but carried out and implemented. They are getting tired of the stalling by Iraq in these matters.
I am not predicting a June or July RV timeframe.
I am not saying this RV will be held up until 2016 timeframe.
But what I do want to give you in the information on the status of the RV and what is impacting it.
Iraq may desire to RV and even come up with timeframes in which to do so. The process may even begin but it will be stopped, since the USA will sit in meetings and agree to a timeframe and then later stop it. This is the same old game they have been playing now for over 18 months. They will continue to stop them until they are satisfied that needed SECURITY is in place and the NEEDED LAWS are implemented. Iraq needs it sovereignty not just on paper but in reality. They must fully make this break from Iran. Can I be any clearer? We are never meant to know about these intermediary RV timeframes and what is going on in this area of concern. It is in fact none of our concern.
Wikipedia definition - “SOVEREIGNTY is understood in jurisprudence as the full right and power of a governing body to govern itself without any interference from outside sources” or
Merriam-webster definition - “unlimited power over a country. : a country's independent authority and the right to govern itself”
Once again it is at the beginning of the month and we are witnessing Iraq paying out their obligated pension plans, retirements, ration cards, salaries, etc. As usual like clockwork once again some have to scarf up this information and turn it into some RV drama. Must we go through this every month?
So here is the article related to this hype about these recent payments. It is in black and white. What else do you want? Can it be any clearer? This news is not even related to the RV.
Initiate action to "exchange workers' salaries from the card holders"
The Ministry of Labour and Social Affairs, on Thursday, firing workers' salaries creditors exchange of smart card holders for the months of March and April 2015.
The ministry said in a statement, "The Department of pension and social security for workers of the ministry completed the distribution of salaries to all holders of the smart card measures in coordination with the General Administration of the Rafidain Bank."
The statement added that "according to the law of retirement and social security for workers, the retired, who has a service 30 years and older receive a salary of $ 400 000 dinars for two months, and the retired who has less than 30 years service receives a salary of $ 340 000 dinars, while a retired family receive the deceased which has more of the three beneficiaries a salary of $ 300 000 dinars, also two months, noting that "a retired family of the deceased, consisting of two beneficiaries receive a salary of $ 280 000 dinars, while the deceased retired family that has one receivable Vtstlm a pension of $ 260 000 dinars, for only two months."
The ministry called through a statement, "the retired workers insured banks to review each according to his residence area for the purpose of receiving their salaries Mstsahban smart card with them."
We are also seeing disputes between Baghdad and Kurdistan over the agree share of oil revenues being paid for the month of April. This seems to happen in the early part of each month. As we stand on the side lines watching it many can not figure out the strategy of the GOI as to why they do this every month. There is an article that tells us why. I have included it today.
This delay of course angers Kurdistan and only gives them more leverage and justification in a continued plot with the west to split off Kurdistan from Iraq. After all most of the oil is in the north and so who needs the rest of Iraq and it problems….lol…(just being sarcastic). Personally I do not think Kurdistan will ever spit off so don’t worry. It is just leverage used by Kurdistan and the west at the negotiation table with the GOI to get what they agreed upon.
So why do they keep doing this? Is it intentional?
No - I do not believe it is intentional and it is only one of the many symptoms to the liquidity problem Iraq is facing. I will explain this in more later in this news letter but for now you can see a clear case where they desperately need these new 50k and 100k notes for inter banking of large transactions on a regular basis such as these monthly payments to Kurdistan and the other provinces.
We have known for many months now, in fact for almost a year. that Iraq is paying out different rates for the various social programs. Can you remember back in February of 2014 ? This was the first time we heard solid news of citizens using their SMART cards. The finance ministry gave us multiple articles telling us the various rates for the various programs. This has not changed so why twist it now and try to make it hype as if it is somehow meaningful and related to the RV? Do you also remember the pressure from the anti-Maliki riots? A year ago they had to give the people something. Under pressure they had to finally payout. So I tell you today this had absolutely nothing to do with the RV.
So once again I am not making this up. Simply read the article I sent you now and in the past. Read them for yourself. So now here is yet another article on this topic of payouts on the cards and the problems they are having. Again it all expected and happens at the beginning of each month.
Rafidain Bank uses modern techniques in exchanging retirees salaries
Saturday, 09 May 2015 09:36
Shafaq News / Rafidain Bank announced on Saturday, using modern techniques in paying salaries of retirees through the smart card in its branches in the country.
“The bank has put its capabilities in providing services for retirees and pay their salaries in appropriate time and without delay ,” The general director of the bank , Basem Kamal al-Hassani said in a written statement received by Shafaq News”.
He added that the bank is one of the main pillars and is a national bank leads its services to all sectors ranging from government , private and issues related to citizens who need direct humanitarian service.
[SMART Card Pilot Program]
Iraq is now aggressively piloting a new SMART card rollout and plan to use it (and only it) for paying out excess oil revenues (as part of Oil and Gas law). Through these cards money will be given to the citizens beginning for the very first time in the June/July timeframe. The important part is that these cards is the ONLY instrument to be used to distribute the oil revenue funds to the citizens. So if they want the payment they must get a card immediately. If they intend to participate in this program since the program is due to begin soon.
This information has been on all the news channels in Iraq and citizens must go to the banking centers to receive their new cards or complete the signup process to receive a new card. This process began a couple weeks ago and they even opened the banks on Fridays to accommodate the large crowds needing service. Did you hear about people being lined up at the banks in Iraq? Simply put this is why. Not a mystery or secret news. I was all over the Iraq newspapers. I am telling you it was NOTrelated to the RV in any way and they were not lining up to exchange currency.
I also can guarantee you of that when Iraq finally rolls out to the international world, the last thing you will be seeing is lines of people at the banks in Iraq in order to exchange their 3 zeros note currency. Why?
CAUSE THEY ALREADY TOOK IN NEARLY 98% OF ALL THE THREE ZERO NOTES FROM IN COUNTRY!
Some of the intel is also trying to tell you that large groups of people have exchanged or are exchanging now in Iraq. Not True, why?
CAUSE THEY ALREADY TOOK IN NEARLY 98% OF ALL THE THREE ZERO NOTES FROM IN COUNTRY!
So where do they now get all this currency from?
Link to PART 2