UU4400 – “ RV News This Week So Far 4/13” by Mnt Goat Part 2
[Issuance of the Lower Denominations]
Then on Sunday out pops another article that announces to us that the GOI finance committee is to set up a separate committee to study the 50,000 and 100,000 dinar categories of coins (this is not about the paper notes).
The article says that they are concerned about issuing these coins since these denominations are the same as the 3 zero paper notes they have been already deleting out of circulation in the project to delete the zeros. So why bother issuing these coins? I do not see this study taking too long……lol….but you know Iraq….lol….:)
I also like this article because it reinforces to us many things we already knew:
1) proof that Iraq has already been deleting the 3 zero notes out of circulation (project to delete the zeros has been ongoing);
2) their determination and necessity to continue the project and complete it very soon.
My take on these two categories of coins (50,000 and 100,000) is also that these coins are old and have been kicking around for quite some time (since 2006).
Remember in the early stages of rolling out the new “provisional” currency with the “program” rate they desired to also roll out matching coins. If you were in this investment then you would have read many articles on this topic? I was in it and I can remember the fiasco with these coins way back then.
What a mess! Just another indication that you can’t forget past events either and how they now tie into current events and articles we are reading. If you want a true picture of status of this RV rollout process you must know the past too.
In the early stages of getting on the “provisional” currency they minted these coins and tried to roll them out to the general public.
They were widely accepted by the general public however the black market swiftly gobbled them up and melted them down for the value of the precious metal since it was worth more that the face value of the coins at the time.
They could not keep enough of them in circulation to make any real impact. It was expensive to mint them and expensive to keep the stocked in circulation.
So they halted the coin rollout project even way back then So we see these 2 denonimations of coins resurface out of the warehouse once again. These are not newly minted coins.
They know they can not issue ANY coins without also increasing the net value of the money (revaluation). They tried it before, as I have explained and it simply will not work once again. They know this fact.
So you see they want and desire to complete the rollout of all the lower denominations (paper and coins) but simple can not do so at this time. They will keep rehashing these coins over and over again but their hands are tied until the revaluation happens.
[Help with Terrorism]
I will state once again my position on terrorism in Iraq.
NO REVALUATION (or instatement) OF THE IQD WITHOUT SECURITY AND STABILITY !
The UN and the USA are determined to push their agenda on the elimination of terrorism in Iraq (in fact eventually throughout the middle east).This is not up for conjecture but is a fact !
But we are talking now about Iraq and its RV. We do not expect to have peace throughout the entire middle east before Iraq see its currency RV just so you know. Mnt Goat, the UN or the USA is not saying this.
The USA would love to come back into Iraq and sweep through these cities and clean up ISIS but there are two major obstacles.
If you have been paying any attention to the news you know what they are:
1) Prime minister Abadi (thus Iraq) does not want another massive buildup of USA troops or any international troop buildup in their country.
They just finally got rid of the USA in 2011 and are now having a problem with over 1 million Iranian militias. The last thing they need is to start a war between these militias and the USA ground forces.
Abadi is hoping he can convince an eventual peaceful Iranian pullout by pressure from the GCC.
Abadi is smart and he is using the Iranian Kud forces as long as he can to fight ISIS. But his stance is to ultimately get rid of them too.
Abadi knows the new agenda for the middle east in coming.
Having said all this I am not saying Iraq is not allowing USA airbase access in Iraq and does not want help in setting up a modern airforce (F16 fighters and ground support).
Don’t get carried away and be so quick to bash me on this topic. This is like comparing apples to oranges. One hand it is the heavy concentrations and movement of foreign troops that is not welcomed in Iraq mostly by the citizens who live and work their.
2) The government would luv to have USA come in and kick butt with ISIS. But is doing so comes a price. They will need immunity, they will need marshall law. So you see it is not that simple! Iraq is not going along with these conditions.
But the stance is mainly a political one in not allowing foreign troops to come in massive force. The USA will not risk small contingencies of soldiers fighting alongside ill-equipped, ill- trained Iraq soldiers.
The risk is simply too high and the American public would crucify the current Obama administration for allowing a screw up.
So instead the USA led coalition brings advisors, supply weapons and ammunitions along with air support. So in support of the Peshmerga, the Iraqi army, the Iranian militias they fight. Slowly chipping away at ISIS and it takes time.
They have many timetables. One is for relative success with ISIS the other is in the rollout process. They are attempting to coincide the events. So slow down in the ISIS fighting slows down the RV rollout process.
There is timetable too. So many of you readers I am sure are now asking - what is this timetable?
I have told you the timetable as Iraq too has announced it. They told us point bank that they do not expect to have ISIS cleaned up anytime prior to early summer (brings us to mid June). What more do you want?
They actually came right out and told us ! THIS IS THEIR TIMETABLE ! Do I need to repeat it again? Are you listening this time?
However in having this timetable causes other issues too some of which I mentioned today already.
[A New ISIS Strategy]
However recently a new strategy. How about holding on to the cities once liberated so you don’t have to go back and re-fight them over and over again?
This takes yet more ground troops to protect the areas once cleared. This has been a major part of the problem all along. Another issue is in letting the ISIS (enemy) flee from the battlefield only to end up regrouping and moving on to take (or re-take) yet another city.
Thus encirclement tactics began in the taking back Turik as they cut off supplies and encircled the enemy, slowly squeezing the circle tighter and tighter. No one escapes to fight another day.
The only way out is surrender or death! This is the only way to fight ISIS. It is more costly and involves many more ground troops and holding and securing much more territory. It is costly, more time consuming but gets the job done. This is where they are today if you really want to know.
So you see there had to be a re-thinking of how to handle ISIS. The early stages of the battles it was thought to be a cake walk but this was proven not to be true since many Sunni citizens defected over to fight with ISIS. There was also no way to cutoff their re-supplies.
Their attitude was the lesser of two evils since many of the promises from the old Maliki government never materialized and this was their solution (at least ISIS made them believe it would be). Now that they see the new Abadi government is very different we are seeing the changes take place.
Lack of support from the USA is not about president Obama being a week president or a peace monger. I can assure you of that. In fact the USA is giving vast amounts of support and we see Abadi today in Washington asking yet for more. (This meeting today is not about the RV! ….lol…..:)….)
The support we see as outsiders often may not meet our usual expectations as sightseers but I can assure you the USA is not weak and is using all possible means allowed to help the people of Iraq in their fight against terrorism.
Naunawa Province deputy in Iraqi parliament stated 10000 Kurdish forces of Peshmerga would participate in operation to liberate the Iraqi northern city of Mosul, center of the province that fell to the control of the Islamic State (IS) in June last year.
Hanin al-Ghado told IMN that the Kurdish forces would participate along with Iraqi forces in operation to liberate the city. The operation would state from Spaiker base, the official said.
Al-Ghado added that the date of the operation would be announced by Iraqi Prime Minister Hiader al-Abadi and Iraqi armed forces commander.
Arguably the most important article of the GCC charter is Article 4, which states that the alliance was formed to strengthen relations among its member countries and to promote cooperation among the countries’ citizens. The GCC also has a defense planning council that coordinates MILITARY COOPERATION between member countries.
So you can see that Iraq is not going to fail. It is a foundational, a pivotal country in the middle east and soon to join the GCC.
Peace and Luv To Ya All, Mnt Goat