Tlar & Currency Chatter Members Discussion
Urgent: PM Preparing For Economic Reformation
Gbpkrfan Baghdad (AIN)-A source from the Prime Minister Office revealed that the PM Haider Al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.
The source told AIN that AL-Abadi is now stepping some steps, the first one is to liberate the invaded towns by the ISIL, then rebuild them and getting the families back their home,
the second one is putting a strategic economic plans to improve the difficult life of the people through activating the private sector, the governmental companies, the agricultural field,
benefiting from the livestock resource and other investment projects, the last one is the reformation in the governmental institutions and buildings through facing the corruption and introducing the best service to the citizens."
The source added that "There are many challenges that face the country, security and financial which can be seen in the decrease of the income but Abadi insists that the country will cross this difficulty through putting many strategies to all sectors whether financial or military because he is the leader of the armed forces."
"Abadi works day and night to put the country on the right line because of the previous heavy accumulations and also tries to get rid of them hoping positive affairs for the people in the following days," the source continued.
"Abadi continuously meets with the cabinet encouraging them to introduce reformations the he wants and closely monitors the work of the ministries and the institutions," the source confirmed.
"It is an invitation to cooperate with Al-Abadi to settle the political, security and finical difficulties to move to the rebuilding and citizens prosperity," the source concluded. /End/
HandOverFist Great article! Thanks, Gbpkrfan.
Schiz Yep cool art, confirms what i have been thinking for a v long time...we wait on isis! Thanks for sharing :)
Pjsllc One piece of the security resolution is how the Iran nuclear negations with the US is completed. I feel Iran has a piece of the ISIS removal and is using that card in it's negotiations. IMO
Diane Will take some more time, but makes sense. At least we know what we're waiting on.....
Mike We're all in for a long wait, if we need ISIL out of Iraq before they begin currency reform.
By all appearances, Iraq is completely unable to engage ISIL in street to street fighting with snipers and IED's, Tikrit is showing us that right now.
I've read many articles in the past several days that speak to the halt in advancement because Iraq is concerned with high casualties that will result when retaking these cities.
Let's face it, the Shia militia's and the Kurd's both have stopped fighting in Tikrit and Mosul because they know there will be a large loss of life (both their forces and the civilians) when fighting a street war.
On top of that, it's pretty clear the Shia have no love for the Sunni's they're supposed to be liberating, they're more focused on revenge killings as evidenced by the numerous articles talking about Shia atrocities against ISIL.
I keep thinking about how hard it was to remove Al-Quaeda from Anbar province in 2007/8. It took a mechanized, organized, well trained, well armed, motivated US military to remove them, and that was after a 50,000 troop surge designed specifically for that purpose.
The US also armed the native Sunni tribes and even with all that, it took almost two years to win Anbar back for Iraq. Iraq hasn't armed the Sunni's and they sure don't have the military power that the US has, and more importantly, they don't have the motivation.
For me, the "Baghdadi talking to the prophet" is just propoganda, it's designed to placate the citizens and allow them to think that Allah is on their side and that Baghdadi is just another evil Sunni trying to kill Shia's. I mean, how many times has Baghdadi been supposedly killed?
ISIL didn't go into Anbar for giggles, they went in so that they could establish a caliphate for their brand of Islam to prosper. They ain't just walking out.
Someone is going to have to kill every one of them and create so much chaos that they are forced to retreat and I have zero confidence that Iraq can do this by themselves.
Air power can only do so much, unless the coalition is authorized to level Tikrit and Mosul, there's very little that can be accomplished without boots on the ground to physically engage the enemy and remove them.
Meanwhile, the ISX will continue to lose value and the street rate of the dinar will continue to crater. The added taxes will begin to negatively effect the citizens and investment will continue to be stalled.
The refugee problems will continue to multiply and iraq doesn't have the resources to either help or stem the flow from the west. Can Iraq really afford to wait and deal with ISIL before they begin rebuilding their economy?
sweed61 I am hoping that the recent articles about ISIS members dressing like women to try and escape Tikrit is an indication of the overall resolve and moral. Perhaps it might go quicker than anticipated.
tlar I take exception to the above train of thought. I believe that monetary reform is not waiting on ISIS removal and that it is a separate issue that is happening right in front of us. Time will tell what's right or wrong. There is many things that indicate they are ready to do it this month. Tlar
HandOverFist Tlar, This month, before they get all the 50's back (April 30th deadline)? Doesn't seem possible.
HandOverFist " Air power can only do so much, unless the coalition is authorized to level Tikrit and Mosul, there's very little that can be accomplished without boots on the ground to physically engage the enemy and remove them."
Mike, I think you're right. They need to get all the people out of Tikrit and level the city from the air, if the Iraqi army is afraid to fight Daash on the ground.
HandOverFist "Any solution begins with the latest operation. Tikrit is the litmus test, says Sajjan Gohel, an expert on Islamic extremism with the London-based Asia-Pacific Foundation.
How well trained is the Iraqi army in carrying out this operation? How balanced is the equation between the Iraqi army and the Shiite militias? And, effectively, how long is the whole process going to take?
However long it takes in Tikrit, Mosul is going to take substantially longer, Gohel says.
Whether politically, militarily or even rhetorically, the question remains: Will the U.S. get more involved? Or will Iran?"
DreamWeaver Don't at all see this same as Mike, as far as a long wait for currency reform.
Same intuitive process that told me at the very beginning, back in June last year, that ISIS was going to holdup RV--Schiz and I have always seen eye to eye, even across the pond, on that one--
also tells me Abadi is a man on a mission and he will do everything in his power to liberate Iraq by end of May. Had that feeling the day they announced withdrawal of 50 notes and still have that feeling.
So, I'm going to send positive vibes that Abadi achieve his goals for security--economic and governmental--by end of May, so dinar RV financially beneficial to us occurs smoothly and peacefully shortly thereafter. Definitely vibin' my inner opti-mata-puss on this one. Blessings all ~ DW
Mike lol, DW, opti-mata-puss :) I'm not sure I'm in agreeance with Revbo and Schiz, yet. Because, unlike many, I just don't see Iraq removing ISIL by the end May, I honestly believe it's going to take a lot longer. Here's the thing, how long can/will Iraq wait to make economic changes? If it takes till the end of the year to remove ISIL, does that mean Iraq will wait that long for currency and economic change? I sure hope not.
Kimberley DBYH.....What the *** does a smiley face mean.???? You agreeing with Schiz, Revbo, Mike, Sweed61, Tlar... Say something......Babies smile when they have gas.... I'm old, so I like words.....
Dinarblowyourhorn Hey Kimbo...I am old as dirt..I just like these new fangled emotional cons.
Actually, the smiley face has a plethora of subtle implications. First, i hear Schiz and Mike and their thoughts. The rational side of me tends to agree - it is foolish to think something could happen before ISIS (I prefer Daash) is "dealt with."
Then again, the rational side of me is not what makes this a good investment or an enjoyable study in international politics and economics. It is the irrational side that feeds that emotioncon.
I have to say, I see Mike's analysis and it sounds reasonable, but something inside says, "Yeah, but I am not sure about that. I am not sure that nothing can go forward without this being done."
Then Tlar dares to pipe up with a straight up, "I don't think so." That makes me smile. Not that it is contradictory, just that it validates my own suspicions that everything is not bound to follow conventional wisdom.
I remember reading about the issuance of the new deutschmark after WWII and noticed that they had no problem issuing the currency in certain regions of the war torn country and basically said they could catch up with the others when it was more convenient.
I am not so sure they are bound to do anything country wide in Iraq. Though it is not rational to think that Mosul might be excluded from the monetary reform until such time that it is "ready," it still might actually be the case.
We are very limited in our understanding and I think we all limit the possible outcomes to those things we can imagine and imagine to be "reasonable" when this is an imminently unreasonable idea from the very beginning. Thus the smiley face says it all.
hi-five The IMF recommended that Iraq activate the taxes and tarrifs. They are suppose to launch a bond program the end of this month. They have promised the citizens that very soon value will be added to the dinar. The banking system has seen a significant upgrade.
Iraq needs money in order to develop the private sector. Developing the private sector is key to any economic advancement. I don't think the private sector can be developed until they have a tradable currency at a realistic value. My vote goes with the monetary reform happening in spite of ISIS.
Mike HighFive, ...............in addition to that.............Keywords has publically stated they have the "green light" from the WB to move forward with deleting the zero's
My statement was that if we're waiting for the defeat of ISIL, then we're in for a wait. I'm hoping/betting that ISIL isn't a part of the equation, although that contradicts the articles contents. But then again, this is another "source" article, time will tell us what they'll do, the hard part is the waiting.
Dinarblowyourhorn Right, Mike, you did say "if" ...thanks
Mike No worries, DBYH
Schiz I just got a feelin Mike that ISIS will disappear at the right time. Could be the conspiracy theorist going on in me...otherwise I too see a lengthy battle.
I actually hope Iran are gunna come in or something is sorted out with jordanian troops.............im sure abadi is working something.
I still have hope for summer but I need to watch Tikrit and see how all that goes goes. I need to see what resolve isis have in Iraq now after being cut off.
Wonder if they could crack on by just putting the city under seige for however long it takes them to starve. Putting it under seige removes the direct problem. Seige it, forget about it for a while then clear out the dead bodies.
Its harsh but how they did it in the old days and its an effective form of battle without loss of life to your own troops. Lengthy though....
Mike Schiz, Agreed, if ISIL really did get a text from Mohammed and he told them to split, it would change everything.
KJWayne I got into this mess on my own about 2009 from talking with my friend. I figured that if it started in 2003 and it was to be a ten year deal then 2013 would be the year to cash in.
Guess what , It almost was ! The only way to put this ,for me ,is to just say it . Iraq is slow and everybody is trying to speed them up . The whole middle east has been fighting each other since they were born and they want it their way not like us westerners do.
I figured that I would stop playing the lottery for a year or two and buy Dinars instead. That way my Iraqi Dinar Lotto ticket would not expire for awhile. I planned on the dinar to come out at $.86 after reading about these remove the zero's stuff.Then i bought enough to cover my family and me.
A year or two later ,the tax issue started to be popular so I bought more to cover the taxes.
What I'm saying is You and I have the winning tickets in our hand and ALL we have to do is WAIT!
The tickets won't expire ant time SOON and IF they did ,then we would be told ,in advance , that a certain window of time will be placed on what we hold. BINGO, then we take action on that .
Too many people have come and gone from this because they have read this or so and so said that. STOP, LOOK, and LISTEN to this! You have the winning ticket, called the Iraqi Dinar.
NOTHING and i mean NOTHING that you or I can do to make it happen any faster or quicker!
All that you can do is read this and that and get worried about this and that and what does IT mean or when will it happen. I don't care who is RIGHT or FIRST or "I told you so".
WHEN IRAQ changes the value of the DINAR , WE WIN!
Go out and enjoy your life NOW because it will change. UPSET<don't do it. This is a long winded way of saying "IT JUST DOESN'T MATTER! "! Hugs to ALL of ya'll for being some of my team mates in this ball game!
P. O'Leary KJ I like the way you think. HUGS back at you... All this waiting and pondering what Iraq will do can make a sane person crazy. Just wait for it to happen!!!!
Skylimit The simple fact is that Iraq is broke and getting less than half the petro dollars they were before the oil price collaspe.
Security, government and reforms cost alot of money and the rest of the world is broke right now. The pressure builds to release the currency or stay beholden to the charity of others.
Iraq is a proud people and want to take there rightful place in the ME, I agree with tlar, there is no reason for this not to happen this month.
2dambeasy WHAT???...INTERESTING!!!...Proposal to Launch Iraqs Government Bond Debt in US Dollars
As supporting the national economy
BAGHDAD - Mostafa Hashemi suggested economist appearance of Dr. Mohammed Saleh, the Ministry of Finance to issue Government bond debt is denominated in dollars, not dinars to contribute to the achievement of a national dividend would reduce the budget deficit ratio.
According to Wikipedia, the sovereign debt in the form of bonds, and when governments issue bonds they behave Spillane either put up their own currency bonds, which are geared toward local investors, in this case called the religion we have a government.
or the government to issue-oriented investors in overseas currency other than the local currency bonds, which are often international, such as the dollar or currency euro.
Saleh added in a statement the "morning" that the citizen trust much the government and when issuing government support and promotion at home and abroad, it is expected to deliver a high turnout of the public who are looking for an easy and low-risk investments.
He said the possibility of issuing such bonds periods repay chains of time ranging from one year, 5 years and 10 years, stressing the possibility that sold in the secondary domestic and global markets at a discount, ‘
pointing to the need to be classified degree credit for receiving the admissibility more among citizens abroad or foreigners who wish to buy these bonds.
He pointed out that the reason for evaluating the dollar comes to granting citizen's confidence to achieve greater financial returns and encourage the acquisition because it has thus contributed to the support of the country's economy and establish a good market for borrowing and reassure the public the possibility of selling in global markets or local (banks).
Flyboy We NOW have people screeming in the streets for jobs...they have little or no money to buy food; taxes have just been placed on everything(same as high as 300%..
.if you drink or smoke) food stuffs are being taxed as well... The dinar they hold is worn and the merchants don't want to take it... the only people who are in fat-city are the politicians.
I admit Abadi is doing the best he can with the ISIS thrugs...and I also think the Iraqi army is not prepaired to take these folks out...nor is Iran...that is without leveling the city. So, what options are left...?
The GOI is trying to borrow there way out of the budget mess with the IMF and WTB...but that just puts them into another hole...kicking the can down the road to the next budget.
The CBI, IMO, has taken just about all the large notes off the streets...and now the 50's are on the way out. Everything I read indicates that oil prices are not coming back to the $100 per barrel anytime soon...
Its going to take some time to get the public sector back to work and producing anywere near what it will take to support 30plus million folks. The CBI, they have said, has the green light to improve their currency...
MY OPINION...for Iraq and its people to get past this situation without imploding...they need value added to the dinar...NOW...not next year...
IF they don't take care of their people they will not have a country, Iran will take over. AND...I totally agree with KJ...it is an investment...and some take a little longer than others...hang in...the end is closer than some here are willing to believe...
End of rant...Thanks to all of you who allow us to vent thoughts...this is the very best site on the net.
Skylimit Flyboy bingo! Saleh is a political stooge, I don't believe a word he says. The pressure builds to get this done regardless of what this hack says.
DreamWeaver For past 9 months, I've posted no RV would occur until ISIS neutralized. In all that time, even when I dreamed that RV was sitting at the ready to launch--I've never felt we were close to starting the RV countdown.
All that changed when CBI announced withdrawing 50s.
These were my immediate thoughts: There must be a new 50 note in lower denoms to be released--that is reason they are being made illegal tender; CBI must be confident ISIS will be non-issue within 60-120 days; so, Abadi must have shared his plan for eliminating threat of ISIS with CBI--
giving them confidence to implement action associated with delete the zeros; ... OMG, the RV countdown has started.
No matter how it appears, my intution tells me that Abadi has other plans--not just Iraqi and Iranian ground forces--to combat Daash. IF Abadi is as successful as he hopes, IMO we'll see RV by end of May. ‘
IF Abadi isn't as successful--for whatever reason--we may not see the RV until July, but that doesn't mean the RV Countdown Clock isn't still ticking. It is just slowed down a bit.
I'm sticking with my intution, Mike. Been accurate right down the line. Understand why you and others may not agree. For me, though, I'm feeling peaceful--drifting to sleep each night to the sound of that RV countdown clock. Tick, tock ... tick, tock--oh, what a wonderful sound. LOL. Best ~ DW.
Wiz This is not good -- we don't want to see the *** bonds in USD .... if so they are kicking the can down the road.
High-five You beat me to it, Wiz. Let's hope this is not what they do!
Wiz Hopefully this us just another bogus filler release from Saleh .... this was all agreed to by the CBI and buyer(s) in Dinar at least twice already. jeez --Time for some Irish Whisky -- Cheers --Wiz