(Thank you George for emailing this to Dinar Recaps.)
UU6725 – “The Outer Timeframe” by Mnt Goat
If you have been following my news letters you know that I mentioned that at each month end, the government of Abadi is reviewed for progress on these reconciliation reforms. We now know that there are 30 reforms and about 20 of them are done.
In recent articles this is most of what they are talking about. Its all about saving the government money and getting these reforms completed. There is so much concern and emphasis now for the completion of these reforms since mid August will make the 1 year outer timeframe for completion of these reforms. These reforms need laws in order to implement them. This is why I keep harping on the completion of these laws as they relate to the RV. No reforms No RV….sorry Charlie….!
What will this mean for the RV?
They are down to the end of their timeframe to complete these reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday. I believe this is the beginning of our RV window and if they can complete these reforms on time we have a wonderful opportunity to see the currency reform and the project to delete the zeroes also being applied.
I seriously expect to see a couple things happen next:
1)articles about the status of the reforms once again, this time mid month instead of at the end of the month. We know they can not and thus will not officially extend this deadline (but now have to work at the next best timeline which is mid Aug ). Can you see why I am saying mid Aug?
2) Look for important news on these three laws (Amnesty Law, the National Guard & the Federal Court law) since they are very important and essential for Iraq to move forward. Jubouri came right out in public last week and told us he is looking for international assistance in finding a way to implement these laws.
3)articles related to the continuance of the project to delete the zeros. This should make headlines in the next couple weeks, if they get close to meeting this mid August timeframe.
Please go back and read my news letter from 7/31 (LINK), 8/2 (LINK) and 8/3 (LINK) if you don’t follow this news letter. This news letter today is another continuation of the drama unfolding. I tried to make this a short one today.
Today is Thursday August 6th and still we have no news of an RV and you now know why (due to my efforts).
So today I must come to you to debunk the BS that is being spread around to create hype once again about an imminent revaluation of the Iraq dinar. I wish I did not have to do this however someone has to tell it to you straight and honesty.
The first topic is about the reducing of the salaries of the government officials. No – the project has not been cancelled as of yet. In fact the GOI just came out with a statement yesterday and told us they fully intend to implement the measures to reduce the salaries of some high officials and DID TAKE THIS ACTION, AS TOLD. So this project was NOT CANCELLED as some have told you. You see once again conflicting news and you can see the misinformation and propaganda being spread around from this source. We all know who I refer to.
Update: Reducing Salaries of High Officials
Again I will repeat to you this effort is NOT DIRECTLY RELATED TO THE RV. Please lay off the hype!
They are doing this to SAVE MONEY since there was a committee formed months ago for the purpose of looking for ways to save Iraq money and bring in new revenue (to get them out of this financial crisis). Don’t believe me then read the last paragraph of the second article I presented below on this topic. Their words not mine.
We can see from the first article that the law was passed and Abadi has told us it will be executed accordingly so why is anyone questioning that they may have backed off on this law? These same “gurus” who once told us not to read the article they did not matter since they would be the distributors of any intel info we needed from their “secret” sources. Well these same source keep telling us an RV is imminent too and so where is it? Could it be you are being manipulated and these “gurus” don’t want you to think on your own?
We also know the salaries of government employees are due to be paid soon since it is already Aug 6th.
What impact will this have on these salaries if they do not RV prior to paying these salaries?
ABSOLUTLEY NO IMPACT. They simply get paid at the old 1166 rate (just reduced amount) and life goes on. Sure some politicians will be ticked off at Abadi and we will see articles of slander against this policy. I don’t see any issue here do you? So why is anyone using this as a gauge as to determining an RV target date?
We have seen the implementation of the tariffs already and now we see another effort to standardize to a common pay scale fair to all government employees. This effort will save them billions each year. So why was this not already done. Maliki had 8 years to do this?
Maliki was not concerned about fairness. His only concern was ling the pockets and rewarding those who supporting him and went along with his madness and strategy to mover Iraq towards a totalitarian dictatorship. We all know his plan did not work and so Abadi has to clean up more of his mess left behind.
Will this prevent extreme salaries for government officials once they have a significant increase in the value of their currency? Sure it will since they are now weeding out these extreme salaries. But this is more of an indirect intent across all pay categories. It is more about fairness than an RV. So please take off your RV glasses whoever is spreading this other BS. Everything is not all related to the RV.
URGENT MEASURES OF REDUCING SALARIES OF KEY OFFICIALS, MINISTERS, MPS EXECUTED
August 5, 2015
Baghdad (AIN) –A close source to Prime Minister Haider al-Abadi uncovered on Wednesday the measures of reducing the salaries of the key officials, Ministers and MPs were executed, assuring that “PM will not allow any obstacle to these measures.” /End/
BLESSINGS OF THE NEW SALARY LAW WILL INCLUDE ALL STATE FUNCTIONS
Law will organize all staff salaries and fairly by giving everyone his right.
BAGHDAD / obelisk confirmed the parliamentary finance committee member Abdul Qader Mohammed, Wednesday, that the blessings of the new salary law will include functions "micro" and "major" in the Iraqi state.
Mohammed said in a press statement, that "the blessings of the new salary law is subject to the study of the federal government for more paragraphs and the inclusion of a comprehensive law to submit a proposal to all the functions of the state."
He said the parliamentary finance committee member, said "the law will include jobs in the micro-state and its ministries and institutions of the major functions and state officials and departments are largely Agents and managers of two years."
He said the "law will organize all staff salaries and fairly by giving everyone his right," noting that "there is work and unremitting efforts in order to reach a final version of the law in order to pass legislation soon in the House of Representatives."
It is said that "the financial advisor to the prime minister and an expert appearance of Mohammed Saleh said, earlier, that Iraq is going through the most important challenges confront Daash and lower oil prices require acceptance of the political quest to reduce the salaries of the officials."
Link to PART 2