Jeff -- anybody receiving payment from Iraq, the Iraqi dinar must be internationally recognized to receive those payments...

by **Ponee** Mon Sep 14, 2020 8:08 pm

Jeff ...there is no rate inside the budget...because the reforms are in the budget that makes the budget married to the rate change. Because the reforms require the currency to become internationally recognized... that's whey the budget is married to the rate change. That's also why the reforms are inside the budget, that makes everything married to the rate change and dependent on the rate change. They're showing you that they couldn't implement these reforms and push forward with them until the currency is internationally recognized...that's what we're waiting for...

Why is Iraq in the process of approving a 3-year budget? Why 3?  Why no just the '21 budget?  It's because of the reforms. They told you the reforms can only be implemented in stages and phases. So they can only implement the reforms over an extended period of time.  They're showing you they're starting the reforms in this year of 2020 - in the second half of the year...they're going to span the reforms over almost a 4-year period...from 2020 through '23...

..Iraq can only pay [contracts with the Iraqi dinar].  For example I told you that they signed that contract with GE for 1.2 Billion dollars.  Because of Article VIII Iraq can only make payment with their currency - the dinar.  They cannot use the US dollar.  So in order for them to make payments... their currency has to be internationally recognized. GE is not going to accept payment with a non-internationally recognized currency.  So anybody receiving payment from Iraq, the Iraqi dinar must be internationally recognized to receive those payments...

We have some very amazing news that I'm shocked to see...it's good. Article: "The first Sunni comment on Al-Kazemi's incursion into the ranks of the "deep state"   Quote: "...Prim Minister Kazemi made major changes in a number of government position most notably the Central Bank Governor of Iraq..." ...the original Central Bank governor was only a proxy. He was temporary.  There was some theory that we might need to see a new Central Bank Governor before the rate could change and there you go...has now officially happened...as you see they're cleaning house, making a lot of changes right now. That's good.

09.14.2020