Mountain Goat asks the quesion - Can Iraq be fully positioned with an increased value in time to open and begin spending this 2015 budget?

FACT - Reading the Iraq constitution Article 61, section 1 says that within 24 hours after a law hits the gazette is must be funded, This funding is what we are looking for.

This is what is going to get the international rate. Ira is legally obligated to fund this budge once it is implemented. This is then what is going to get the completion of the economic reforms thus the re-pricing of the dinar.

We then go to the bank and exchange our 3 zero notes for our countries currency. For me its Euro and for most of you reading this it will be US dollars.

So I am telling you that Iraq almost has to wait until 2/17 since there are still a few laws to be enacted to support the budget. This is the re-positioning I am referring to.

Would they have pressured getting the budget passed on 1/29 if they thought they could not get all these needed laws completed by this upcoming timeframe?

To answer this last question I have to say a big fat No ! - They simply would have delayed passing the budget from last Thursday yet once again but they didn’t – did they?

So we know they are in fact moving forward. This is exactly what we want to see. The glass is half full (Iraq is moving forward) rather than the glass is half empty (no RV today). It is not going to be another year or even another month.

But I would not expect any revaluation to at least on or around mid February.

How many of these new reform laws have you read that have had multiple readings already but still no final vote? What do you think they are going to do in the next session on 2/10?

I believe this is the session when they will finally vote on this “package” of laws we have been hearing about so long. Dr. Allawi has said to us many years ago when this finally concludes it will be in a package of laws all at once. Its coming ….be patient a few more days.

My last news letter dated 2/2 was to inform you of the fact that Iraq is going to take these remaining 15 days, since the budget was voted on, to re-position themselves for this final conclusion and to complete these last few laws that are needed.

 I don’t have a checklist of these laws. Do you? But we can obviously see they need the judicial reforms, national guard law, hydro carbon law, a few needed banking laws, amnesty, etc.. These we can track.

By the way just yesterday the national guard law formation was passed in the council of ministers and is about to be forwarded to parliament.   It is happening. This is not rumor we are witnessing the final days of this plan being carried out.

Incidentally I intentionally used the term “re-positioning” in my last newsletter because this was the exact language used by my CBI contact in my last conversation with him. This was his term not mine. Just as I described in my 2/2 news letter is what I truly believe is now happening.

FACT - Baghdad (IraqiNews.com) The Parliamentary Economic Committee will hold the First International Investment Conference in Baghdad on next Wednesday 2/11. 

http://iraqnewsgazette.com/category/business/

I do not think Iraq needs an international currency to have an International Investment Conference. So calm down this is not some drop dead date again. But it does tell us they are setting things up to RV. That is the important part.

It tells us these days CBI has put out so much information already on currency reform. It is all good. Please stop looking for a date and a rate in every article.

FACT - Baghdad /Euphrates News/ Cabinet agreed to approve the recommendation of the Committee on Economic Affairs on the inclusion of goods and materials imported all Product those of the Iraqi public companies and mixed for all customs tariff number {22} for the year 2010.  The law as approved Overture Embassy of Japan in Iraq to finance Drainage of the province of Erbil project.
Complete the project at a total cost of $ 34 billion note that the project allocations above and repay the loan deducted from the rate of 17% of the budget allocations for the benefit of the Kurdistan region of Iraq and the project will be financed According to the mechanism.

So just yesterday we see yet another international obligation for the spending of the allocations in the budget bill for Kurdistan.

So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done.

 Can Iraq be fully positioned with an increased value in time to open and begin spending this 2015 budget?

Peace and Luv To Ya All, 
Mnt Goat

Yes they can, bad news though, the budget is written and funded at 1166/USD. OH by the way, I read your idiotic missive before I tore it apart. I did mean disrespect, you are a liar and a pumper and not worthy of respect.

Can you say, 'throw her under the twin axled dumptruck?

NO, I respect the dump truck more than that ...

I was jus' funnin- You can be a funny s.o.b. when you want to be! LMELAO-