DINAR IRAQ AND DONG VIETNAM UPDATE, 2 DEC

by **Ponee** Wed Dec 02, 2020 8:32 pm

We know the case can be made to look to early January 2021 for the reinstatement of the Iraqi dinar.
There is just too much information right not not to go in this direction of thinking.

This week’s news proves that they are moving in this direction.
The closer we get to 2021 the more information about the dinar and floating vs not floating is coming out.
The article are all about the corruption in the currency auctions and what to do with the Iraqi dinar.

This is all once again a HOT topic and so why are they even discussing it if, now not trying to decide on a course of action?
Or better yet, maybe they word is out that they have already decided and these economist who are POLITICALLY MOTIVATED are bad mouthing the decision and spreading FAKE news?
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WTO
27 November 2020
Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities.

Today, Saturday, the Parliamentary Finance Committee in the House of Representatives called on the government of Prime Minister Mustafa Al-Kazemi to start implementing the provisions of the White Paper.
And it included a document issued by the committee and directed to the Presidency of the Council of Ministers, that “Out of the solidarity responsibility of the Iraqi Council of Representatives, represented by the Parliamentary Finance Committee, we invite you to start implementing the terms of the white paper that you submitted to the Finance Committee.”

She added: "The fact that most of what was mentioned in it falls within the powers of the executive authority to determine the timelines necessary for implementation, and the institutions responsible for their implementation, so that performance can be monitored and evaluated."

The General Customs Authority announced, on Saturday, that the automation of its procedures according to the international AsyCoda system will be reflected in the development and development of the Iraqi economy.
The authority stated in a statement that Mawazine News received a copy of, that it is "urging steps and exerting great efforts to put the final touches to the project of computerizing customs procedures according to the global ASYCUDA program in cooperation with the United Nations Conference on Trade and Development (UNCTAD).
The electronic international AsyCoda system can not work without being connected to FOREX.

Yes, they can then get the rates for all the currencies except the Iraqi dinar.
Get it?
How will this system work then?
It won’t and they are stuck until they reinstate the dinar back on FOREX.

Folks this is a FACT.

Can they find a work around?
Now that is another story but let’s get real here. Why would they do this just for one country?
This thought does not even make sense.

So again, this article is an indication to us that they are moving ahead to the reinstatement timeframe and necessity to do it sooner than later.
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A professor of economics at the Iraqi University, Abdul Rahman al-Mashhadani, revealed that Iraq will soon obtain a $ 7 billion loan from the International Monetary Fund.
Al-Mashhadani said, "The International Monetary Fund will provide urgent aid to Iraq worth 7 billion dollars in the coming days," noting that "the fund is trying to help Iraq fill its financial deficit."
Three things to think about from this article:
1) we know Iraq does not have the funds to pay salaries beyond September. They are later already paying our November’s.
2) Okay so why would the IMF all of sudden change its mind and decide to loan Iraq money?
They just told us 6 months ago there was a moratorium on loaning any money to Iraq.
I will tell you what has changed – it was the fact that Iraq presented the “white paper” and the second major reform on it is the project to delete the zeros.
3) As we all should know by now by completing this project it leads to the reinstatement we are looking for.
Again this article is yet another indication that the reinstatement is much sooner than later.
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The Iraqi government website published a summary of the objectives and themes of the White Paper for Economic Reform, in which it stated:
(The White Paper) is a comprehensive roadmap that aims to reform the Iraqi economy and address the serious challenges facing it, which have accumulated over the past years due to wrong policies, mismanagement, corruption, and the absence of planning in addition to the almost total dependence on oil as a primary source of state revenue.