UU6714 – “ Quick Mid Week Update “ by Mnt Goat Part 2 of 2
[Update on the 50K note rollout]
This next article is very, so very important. It is so important because it is dealing with the new 50,000 note (or coin) they are planning to roll out. It is important too because they can not roll out this new coin unless they also significantly increase the value of their currency. They know this too.
The Iraqi economists have presented many cases in favor and against this action of the new coin. We have article after article as this debate took place. Do you remember?
I presented and talked about many of them in my recent past news letters. Those against this new coin state that they MUST coordinate carefully to increase the value of the dinar significantly to ward off hyper-inflation. This inflation could occur rapidly if these new notes were to add the already inflated value of the existing dinar (three zero notes now in circulation).
This article #1 below is also telling us they will first launch the 50,000 coin and then wait to see what happens. Then later launch the 100,000 coin. So we know both coins are in the future agenda and this has not changed.
The last paragraph is very confusing. They are telling us that the new 50,000 coin will not be launched until the end of 2015 however in the first paragraph they just told us they would be launched during the current month (July).
So is this a translation issue from Arabic to English? I do not want to weave a thread but I believe this is a translation issue and what they really are saying is the 50.000 coin will be issued prior to the end of this year (2015) and thus the 100,000 coin can not go until after this period.
As a result I believe we will see the 50,000 coin much sooner than later.
There is even information from the CBI to confirm to us that they were supposed to have issued the first batch of the coins last weekend, thus in the early part of July. I am hearing this is still their desire so we may be very close to this event. It is only July 8th.
Isn’t it amazing how such a small, seemingly insignificant article, can be so powerful!
Remember almost nothing in Iraq is done according to their project time tables. They are always a week or more late from what they tell us to the actual physical reality of the event.
This much we should all know and understand by now. This is not a trick to deceive us since they do not give a hoot whether we know or not. In fact they prefer we know the true facts, if knowing anything. These articles are not intended for us as investors but for the average Iraqi citizen.
Article 2 is telling us yet even more about these National cars and what the hold up is specifically in the Kirkuk region. So we can see they are struggling and trying to work around the terrorists as much as possible but the terrorists ISIS are still a thorn in their side.
I quote from article 2 presented below- “ “The completion of transactions displaced stop was the result of hot areas of the province to surround and fear of infiltration and to preserve the security of Kirkuk”.
Article 1 Follows:
Special scales News
A commission of economy and investment representative, Wednesday, for the new currency launch of the 50 class thousand dinars to the Iraqi market during the current month.
He said committee member Najiba Najib's / scales News / "The central bank will present the new category of coin fifty thousand dinars to the Iraqi market during the current month after the completion of all their actions."
Najib added that "the other category of 100 000 dinars will go after the launch of the 50 category Alaracqa thousand dinars in the market for a while Alasthoudarat and procedures for that category is complete and make sure of their advantages and disadvantages."
This "revealed the Central Bank of Iraq, his request to wait for the issuance of class 100 000 dinars, noting that the issuance of 50 thousand dinars category of the local currency will be the end of this year" .anthy / 29 / d 24
Article 1 Ends
Article 2 Follows:
KIRKUK: THE LACK OF BUDGET, SECURITY EVENTS HALTED A UNIFIED NATIONAL CARD PROJECT
Kirkuk / NINA:
The director of the Directorate of Nationality in Kirkuk, Brigadier General Adnan Ali Hamadi that the security incidents in June 2014 and lower the general budget halted a number of projects such as the unified national card project and the opening of the new building of the Directorate of the ePassport.
He told the National Iraqi News Agency / Nina / The completion of transactions displaced stop was the result of hot areas of the province to surround and fear of infiltration and to preserve the security of Kirkuk.
He explained that the lack of existing staff in the six circles Directorate as well as small Directorate place are the most important obstacles faced by the Directorate in the performance and completion of transactions of the citizens.
With regard to dealing with the displaced in Kirkuk after the June events of 2014, stated that: "In the beginning cooperated with the displaced to maximum cooperation and then came to us the direction of the governor of Kirkuk and the us Department of Immigration to stop the completion of the displaced transactions because the province is surrounded by hot areas and fear of infiltration and to preserve the security of the city. "
Article 2 Ends
[Other Key Dates]
There are two other important key dates to keep in mind.
This resignation is being driven by the alleged crimes of genocide and corruption and treason. They can’t afford to have someone in such a high government position and being investigated for these crimes.
So tomorrow is July 8th , the date when Iraqi president Masum has asked Maliki to make a decision as to his resignation. Let’s see how this plays out. Of course my opinion is he will not resign from the VP position and will be forced out.
This resignation will be the easy course of action for us and I and my family will be cheering all the way from Europe. I am sure you will hear us in USA….lol….
The other key date is August 6th. This may seem far off but time seems to creep up on us.
Why is this date significant?
It is significant because the GOI has told us that this is the deadline to completing the decentralization effort down to the provinces. This means the transfer of the ministry powers and the setting up of the National Guard units needed for provincial security. Both need the final passing of some laws. So now we see an outside window for the completion of these laws.
This is all coming together very nicely. If you knew only half of what I know you too would be very happy.
I hope to be able to tell you soon that there is an RV window. I can truly see one in the near future.
Peace and Luv To Ya All, Mnt Goat