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Mnt Goat  SNIPPET -- There is so much evidence that Iraq is still moving ahead with their intentions of international movement  I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Mnt Goat SNIPPET -- There is so much evidence that Iraq is still moving ahead with their intentions of international movement

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Mnt Goat  SNIPPET -- There is so much evidence that Iraq is still moving ahead with their intentions of international movement  Empty Mnt Goat SNIPPET -- There is so much evidence that Iraq is still moving ahead with their intentions of international movement

Post by Ponee Fri May 29, 2020 8:27 pm

Mnt Goat  


 ...Today’s news continues with the saga of Iraq and its inability to meet the June salaries... So far we see the solution for May and June’s salaries was the borrowing from within the banks of Iraq. But this is only a temporary measure...I am hoping this is a wake-up call for Iraq to now move forward with its reforms in all aspects of non-oil-based revenue generation and allowing foreign investors to comfortably come into Iraq to establish businesses. There has to be some drastic changes and the new prime minister Al-Kazemi must be the one to make them...It may seem gloomy and doomy at times but I see the plan playing out and taking shape...


So where are we in the progression to get the revaluation and reinstatement of the Iraqi dinarLike I keep telling everyone we are concerned about the “reinstatement” of the Iraqi dinar on FOREX in a tradable format. To bring this about the CBI  will have to delete the zeros from the currency. This is when we go to the bank and not before. ...So far, the CBI has been very quiet on this topic of the “project to delete the zeros”. ...the CBI in the past usually gives at least a monthly update on the project? Now we have not heard anything for nearly 6+ months...They have told me over and over again that they fully intend to keep the Iraq citizens informed of this event. They have kept their promise in the past and I don’t see why they would clam up now. ...There is so much evidence that Iraq is still moving ahead with their intentions of international movement in all directions including the ISX and foreign investors.


 ...the reinstatement is not going to show up in the budget...There is absolutely NOTHING in the budget that is going to indicate an RV. The CBI can simply reinstate the dinar at any time and do not need a budget to do it. When the RV does happen the GOI will simply have to re-adjust and move along with it. We do know from the past the CBI would like to coordinate with the GOI and even get permission. But we see that the holdups and unresponsiveness of the GOI in the past have held up these reforms and so the CBI may very well just decide to bypass the GOI altogether and do it in desperation... don’t go the budget for answers but rather what the CBI is doing behind the scenes. So, we wait for news from the CBI and that is all we can do. I will try to contact the CBI next week and see if I can get an update from my contact...  



05.29.2020
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