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In about another week the Iraq salaries will be due again and then again in July and so forth.
Will they be able to pay them?
Will the government get the 2020 budget underway?
The protesters have warned the government again to get these reforms done and have given them until July 1st.
My CBI contact is still telling me that they are moving towards the completing the “project to deleting the zeros” this year and sooner than later.
Obviously, they are not going to give me exact dates.
Other signs of what Iraq is up to tells us that movement is in the direction of the end of the month for something BIG.
My expectation is the reinstatement of the dinar as this move it way overdue.
I learned this week that Dr Shabibi was in fact at the Central Bank of Iraq working with them on the project to delete the zeros and mechanisms to roll it out.
News from US banks in the last couple weeks has been very encouraging as they are telling us they are preparing for the reinstatement and the handling of people coming to exchange.
I say this is good news since we have not had any cheerful news from the banks since October 2019.
So something is at least being planned.
Will it be finally executed and over soon?
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Join date : 2011-08-09
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