We need to see how Iraq progresses in all the areas in the coming month as we have been talking about in these news letters. There is a target and a plan I can assure you of this.
They are moving at lighting speed to get there.
So what can we expect soon?
How soon is SOON? I will tell you.
I believe our next HUGE announcement will be the passing of the Accountability and Justice law. This law includes many of the reforms to the judicial system. It is very much needed before any RV. I believe it will be passed in the next couple weeks. Why?
They are moving at lighting speed to get there.
So what can we expect soon?
How soon is SOON? I will tell you.
I believe our next HUGE announcement will be the passing of the Accountability and Justice law. This law includes many of the reforms to the judicial system. It is very much needed before any RV. I believe it will be passed in the next couple weeks. Why?
The accountability and Justice law will allow for the establishment of the checks and balances between the judicial system in Iraq and the legislative bodies (meaning the council of ministers and parliament). So it will clearly define how political corruption must be dealt with in the future, even for high ranking officials. The part in the law I like the most is it clearly states NO ONE WILL BE ABOVE THE LAW and will have a harder stance on officials that are convicted. Additionally it will clearly define due process procedures for speedy trials and limits for sentencing on many of the common crimes. Most importantly for the RV, it will establish the legal groundwork for investors to come into Iraq. From this aspect it will include how disputes will be settled, suits filed, etc, etc.
Once the accountability and justice law is passed, we can almost certainly expect the prosecution of the ex PM Nori al-Maliki. This too is needed prior to any RV. Why?
The prosecution of all of these high ranking officials involved in corruption must be cleared from politics in Iraq and brought to justice. Many say that Maliki in particular is on the top of the list solely because he is still on the top of the demands from the millions of protestors. This is true but for us it is important too because over a year ago now the USA asked Iraq if they could take custody of Maliki and deal with him. Iraq refused and pleaded that they would handle him in their own way. They had a year to accomplish this task. We all know since August, when Abadi came back from his trip to the USA, he has picked up the now open smear campaign against with Maliki and his goons. This was done because the USA also openly announced total support for the new prime minister. Seems his first year was very successful.
So this timeframe of a year has been over already and still Maliki interferes with political affairs in Iraq. Just recently we learned that in fact his trip to Iran post elections in 2014 was to reassure Iranian support for his future tactics to regain the power seat of prime minister for a third term (even though he lost the election). During this meeting with Iran he was given a list of items that Iran needed executed during his third term and how Iran would continue support for him if he could regain the power seat and fulfill these promises.
We witnessed articles telling about Maliki’s meeting with Abadi and how the “ghost” commander of the Qud forces in Iraq namely Quasem Soleimani goes public and shows up announced at this meeting. We all know the purpose of his presence was to intimidate Abadi into conforming to Iranian rule. Of we know this did not work when Abadi confronted him and gave him the riot act…..lol….lol….
We are now seeing more of the Dowa party separating themselves from Maliki. Remember Abadi is from the Dowa party too and was chosen by them to lead the country. Maliki still resides as the leader of the party but not for long. They must bring him down first out of the Dowa party. Then they will come to pluck him from his almighty pedestal. Watch for this it is coming.
So do you seriously believe for one second the USA is going to allow Maliki his goons and these Qud forces in the post Iraq any longer considering all the damage they have already imposed? How can they? They must clean the way prior to the RV.
This has been the root of all the corruption and street bombings in the past. How can they have the level of stability needed with this Iranian influence at this current level. The key, operative words here are “at the current level”. No one is surely saying there will not always be Iranian influence in Iraq. Of course there will be since they are neighboring countries. Iran is predominated Sheites and Sheites occupy almost a third of Iraq. So please do not take my words out of context and twist them to suit your purposes. I
Maliki must go plain and simple. The USA is not going to allow the IQD to go international as long as this dirty task is not accomplished. They have told Iraq this over and over again, just as I am telling you over and over again. This is why I even dedicate entire sections and news letters to the demise of Maliki. BECAUSE IT IS VERY IMPORTANT FOR THE RV EVENT!
I do not just waste my breath taking about this evil demon for nothing. My personal belief is that Maliki and many of his goons are demonic, evil and satanic. How else can anyone sit back and watch his brother human beings suffer so much and yet not blink an eye. How can someone watch millions of their own citizens suffer for lack of clean water and electricity yet have a palace to live in. How can someone be in such a high ranking position with all the power and influence to really make a difference and yet squander, rape and pillage the wealth of his own nation and generations to come.
If you can’t see the evil and demonic stuff going here I can not help you. Sorry !
So what is left to accomplish (if you need a laundry list)?
-Amnesty law needs to be passed and fully implemented (coming before parliament this week)
-Mandates of the three presidencies (second reading is today)
-Accountability and Justice law (cleaning up the judicial system, will lead to the final straw in prosecution of Maliki and his goons)
-Final announcement of the Federation Council law
-Ffinal report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference”.
Now when we see these events come to pass we must be alert.
-Soon we will being to read more article about the starting up again of the process to “delete the zeros” from the CBI. This timeframe should be around early to mid December.
So low and behold what do we see in the news on Saturday. Out pops this article (see below). They are now bringing up the Amnesty law once again for discussion. Is this item on my list? Is this coincidental…well oh well!
Told you this has to be completed. It has to be done. They need these prisoners to fill the ranks of the National Guard units. They need the locked up experienced leaders to lead the army. Remember the National Guard law just passed last week.
Do you now see the timing on these laws and why they had to wait for some to go forward with them before others could be fully addressed? They are multi-tasking. When are they expecting to discuss it? Not next month or next year but on this past Saturday. Do you see the urgency too? We wait for the outcome.
Article Begins
LEGAL PARLIAMENTARY CALLS FOR THE INTEGRATION OF THE AMNESTY LAW TO BE DISCUSSED AT A MEETING TOMORROW
Baghdad-
Parliamentary Legal Committee requested the inclusion of a general amnesty law on the agenda of the House of Representatives session of business on Saturday.
Deputy Chairman of the Committee Muhsin al-Sadoun told all of Iraq where he "has read the draft general amnesty law first and second reading, adding that" Parliament has required its inclusion on the agenda of the work session tomorrow, for the purpose of discussion. "
The House of Representatives ended on the fifth of July, the first and second readings of the draft general amnesty law, while President of the Council Saleem al-Jubouri called for political blocs to need to agree on their differences on the draft law. "
He is scheduled to hold its House of Representatives on Saturday to discuss
Article Ends
Then when we see them launch the 50k and notes and the CBI should begin to sell off the new lower denominations notes and coins (the replacement currency) to the local banks. Watch for this carefully.
The objectives of launching of these notes is two fold –
1) to suck in the remaining 3 zero notes from the banks since they can’t just give out free money the banks must exchange their hoards of the older 3 zero notes for these new notes. They will also be allowed to buy these new notes with USD or other currencies
2) These 50k and 100k notes are not for the general public use but are to be used solely for inter-banking and international trade for large sum accounts. But the point is their plan is to have these large 50k and 100k notes coincide with the new lower demons as the permanent currency going forward post RV. They have already told us they intend to launch the 50k notes in 2015 and the 100k notes later in 2016.
Update: The National Reconciliation Conference
Knowing the time for the Reconciliation Conference as mid December then so where is the timeline for the RV? Do you see why now I say late December 2015 , early January RV window? Is this all rocket science?
So there is lots of talk that the National Reconciliation is done.
You base your input solely on one tiny article from Oct 24th stating and I quote- “President of the Republic Fuad Masum, confirmed in each message to UN Secretary General Ban Ki-moon design on the completion of a comprehensive national reconciliation in Iraq to exclude terrorists”.
First of all please go back and re-read it. The statement from president Masum is not saying the reconciliation effort is done but he is saying that the terrorist reform is completed meaning the “anti-money laundering and terrorist act” as part of the reconciliation effort is done, meaning the reform is done. It was just passed in parliament in August. Do you remember. Since the UN asked them to meet even a later deadline he is now telling them Iraq is done.
Next I want to present to you two more articles about the reconciliation. It came out over the weekend from Iraq. It is from Jabouri speaker of the house. He is telling Iraq (mostly the members of parliament) they need to “active the reconciliation”. Do know what this means? This means they (parliament) need to complete the rest of the remaining needed reforms laws ASAP needed for reconciliation. It is also telling us that the reconciliation process involved getting these needed reform laws implemented, just in case you doubted this in the first place. The are driving hard to getting it all done by mid December but sooner than later.
The language in this article is as I interpret that they have taken too long already for these reforms in parliament and member now need to get it done.
I know many of you don’t like it when I debunk your foolishness when you say reconciliation is already all done but many of you have no business making statements because you really don’t know what is going on in Iraq. Reconciliation is NOT done as this article proves. So if you don’t believe me here it is in black and white. Two articles, their words not mine. No Hype, No Rumors, just the FACTS.
All the needed reforms, as requested and agreed to, going back many years must be completed for FULL Reconciliation, then it will be DONE.
I quote from article two below – “For his part, the Speaker of Parliament stressed the importance OF THE COMPLETION of the comprehensive national reconciliation file so as to enhance the country's stability and security".
See articles below.
Article Begins
JUBOURI CALLS TO ACTIVATE RECONCILIATION
1/11/2015
AGHDAD / obelisk invited the Chairman of the House of Representatives Saleem al-Jubouri, Sunday, to activate the national reconciliation file, and as he emphasized the importance of addressing the problems left behind by the sectarian conflict, the description of the power of the clans are expected to weaken the prestige of the state, especially in the current circumstances B'allowahm '.
Jubouri said in a speech during the conference held by tribal clans parliamentary committee published on his site, The 'bridges tribes contributed to the strong cohesion and saved the country from the quagmire of blood and strife'. He called al-Jubouri, a 'national reconciliation file according to activate the process of contributing to harmony between the components of society measures'.
The head of the parliament on the 'importance of addressing all the problems left behind by the sectarian conflict, and give the tribes an active role in this regard', and expressed the hope that the 'fatwas religious authorities contribute to help the displaced in these difficult circumstance
Article Ends
Article Begins
JUBOURI ADVISER "KI-MOON:" PARLIAMENT HAS TO VOTE THE LAWS PERTAINING TO MINORITIES TO PRESERVE IT
Shafaq News
Monday 11-02-2015
Shafaq News / The President of the Iraqi Council of Representatives Saleem al-Jubouri, the Council's determination to vote on laws pertaining to the Iraqi minorities to preserve it.
According to a statement issued by the Information Office of the Jabouri, the latter met in his office, on Sunday, the private Secretary-General of the United Nations Adviser on the Prevention of Genocide, Adama Dieng.
The statement added that Dieng presented to the Speaker of Parliament a detailed review of his interest in the war committed by terrorist groups and Daash all crimes, stressing the keenness of the United Nations on the need to hold accountable all perpetrators of these crimes and bring them to justice.
Dieng pointed out that all the components of the Iraqi people have been subjected to these crimes and to the need to preserve the diversity of Iraq and to contribute to Parliament legislation laws that maintain no Iraqi reunion.
For his part, the Speaker of Parliament stressed the importance of the completion of the comprehensive national reconciliation file so as to enhance the country's stability and security, adding that the Parliament is keen to support any effort that would preserve the unity of the social fabric and national cohesion, and enhance the unity and synergy to meet the challenges and crises.
Jubouri said the House of Representatives of many of the laws that are waiting for approval by the vote, and that the laws of the jurisdiction, including the Iraqi minorities to preserve them and give them all the rights of Iraqi citizens.
Article Ends
So please stop all this chatter about this reconciliation being done. It is not for debate. How can it be done. Did you read my above explanation as to where we are?
It is far from being done. Stop looking for any crumb of evidence to support your so call intel “guru’s claim that this is done. Take off your RV goggles. Think for yourselves! This is getting very frustrating since many of you now can’t even read.
Their words not mine, NO Hype, No Rumors just the FACTS.
Update: Iraqi Economy
I am including an article below that I believe is HUGE. I have listened to a couple of these recent intel calls and what I heard about analysis of this article just startled me. I do not understand how people are thinking about what is happening in Iraq.
Let me explain why I believe this article is very important.
First it is telling us there is shortage of the three zero notes in circulation in Iraq, of any dinar to use. They need more paper money to conduct business. We all know why 80-90 % of these notes have already been sucked out of circulation. It is in preparation for the newer notes, the lower denoms and the RV.
Second this article is a debate among many of the Iraqi economists. Each of these economist gives their own opinion on what to do about the faltering economy as related to the lack of currency.
Some economist think that printing more money will give Iraq more wealth and purchasing power. Later in the article this is disputed as printing and circulated more of Iraqi three zero notes currency would only “create more inflation and stagflation of their economy”. It would also “cause deterioration of the dinar exchange rate against the dollar and creates ill-high distribution of cash currency in the market becomes runaway inflation economy”.
Then Mr Mohamed Ali told / JD /: explains that "Iraq today is fully dependent on import, so the reprint currency would not work in dealing with any economic problem."
Yet others say “The former Iraqi regime resorted to printing additional Iraqi currency, and put on the market during the nineties of the last century, when Iraq subjected to an economic blockade of an international led to financial bankruptcy and stop the economy in the country”.
The fact that they are even debating this issue and addressing the need to do something with the currency once again is excellent. This is what we want to see. So what will they do? Probably nothing since the CBI has the power to print more of the 3 zero notes and they are not about to do it now since they are so close to going international and they will have new currency already at the CBI for this event (the new lower denominations $5,10,20,50 etc,,).
How many article recently have we read where they are talking about doing something with their currency? At least one or more a week now.
Remember this too – most of these economists do not know the overall currency reform plan and I can bet we know it better then they do. They do not know just how far the plan has already progressed. They do not know what is in stored for them coming up shortly.
Once the accountability and justice law is passed, we can almost certainly expect the prosecution of the ex PM Nori al-Maliki. This too is needed prior to any RV. Why?
The prosecution of all of these high ranking officials involved in corruption must be cleared from politics in Iraq and brought to justice. Many say that Maliki in particular is on the top of the list solely because he is still on the top of the demands from the millions of protestors. This is true but for us it is important too because over a year ago now the USA asked Iraq if they could take custody of Maliki and deal with him. Iraq refused and pleaded that they would handle him in their own way. They had a year to accomplish this task. We all know since August, when Abadi came back from his trip to the USA, he has picked up the now open smear campaign against with Maliki and his goons. This was done because the USA also openly announced total support for the new prime minister. Seems his first year was very successful.
So this timeframe of a year has been over already and still Maliki interferes with political affairs in Iraq. Just recently we learned that in fact his trip to Iran post elections in 2014 was to reassure Iranian support for his future tactics to regain the power seat of prime minister for a third term (even though he lost the election). During this meeting with Iran he was given a list of items that Iran needed executed during his third term and how Iran would continue support for him if he could regain the power seat and fulfill these promises.
We witnessed articles telling about Maliki’s meeting with Abadi and how the “ghost” commander of the Qud forces in Iraq namely Quasem Soleimani goes public and shows up announced at this meeting. We all know the purpose of his presence was to intimidate Abadi into conforming to Iranian rule. Of we know this did not work when Abadi confronted him and gave him the riot act…..lol….lol….
We are now seeing more of the Dowa party separating themselves from Maliki. Remember Abadi is from the Dowa party too and was chosen by them to lead the country. Maliki still resides as the leader of the party but not for long. They must bring him down first out of the Dowa party. Then they will come to pluck him from his almighty pedestal. Watch for this it is coming.
So do you seriously believe for one second the USA is going to allow Maliki his goons and these Qud forces in the post Iraq any longer considering all the damage they have already imposed? How can they? They must clean the way prior to the RV.
This has been the root of all the corruption and street bombings in the past. How can they have the level of stability needed with this Iranian influence at this current level. The key, operative words here are “at the current level”. No one is surely saying there will not always be Iranian influence in Iraq. Of course there will be since they are neighboring countries. Iran is predominated Sheites and Sheites occupy almost a third of Iraq. So please do not take my words out of context and twist them to suit your purposes. I
Maliki must go plain and simple. The USA is not going to allow the IQD to go international as long as this dirty task is not accomplished. They have told Iraq this over and over again, just as I am telling you over and over again. This is why I even dedicate entire sections and news letters to the demise of Maliki. BECAUSE IT IS VERY IMPORTANT FOR THE RV EVENT!
I do not just waste my breath taking about this evil demon for nothing. My personal belief is that Maliki and many of his goons are demonic, evil and satanic. How else can anyone sit back and watch his brother human beings suffer so much and yet not blink an eye. How can someone watch millions of their own citizens suffer for lack of clean water and electricity yet have a palace to live in. How can someone be in such a high ranking position with all the power and influence to really make a difference and yet squander, rape and pillage the wealth of his own nation and generations to come.
If you can’t see the evil and demonic stuff going here I can not help you. Sorry !
So what is left to accomplish (if you need a laundry list)?
-Amnesty law needs to be passed and fully implemented (coming before parliament this week)
-Mandates of the three presidencies (second reading is today)
-Accountability and Justice law (cleaning up the judicial system, will lead to the final straw in prosecution of Maliki and his goons)
-Final announcement of the Federation Council law
-Ffinal report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference”.
Now when we see these events come to pass we must be alert.
-Soon we will being to read more article about the starting up again of the process to “delete the zeros” from the CBI. This timeframe should be around early to mid December.
So low and behold what do we see in the news on Saturday. Out pops this article (see below). They are now bringing up the Amnesty law once again for discussion. Is this item on my list? Is this coincidental…well oh well!
Told you this has to be completed. It has to be done. They need these prisoners to fill the ranks of the National Guard units. They need the locked up experienced leaders to lead the army. Remember the National Guard law just passed last week.
Do you now see the timing on these laws and why they had to wait for some to go forward with them before others could be fully addressed? They are multi-tasking. When are they expecting to discuss it? Not next month or next year but on this past Saturday. Do you see the urgency too? We wait for the outcome.
Article Begins
LEGAL PARLIAMENTARY CALLS FOR THE INTEGRATION OF THE AMNESTY LAW TO BE DISCUSSED AT A MEETING TOMORROW
Baghdad-
Parliamentary Legal Committee requested the inclusion of a general amnesty law on the agenda of the House of Representatives session of business on Saturday.
Deputy Chairman of the Committee Muhsin al-Sadoun told all of Iraq where he "has read the draft general amnesty law first and second reading, adding that" Parliament has required its inclusion on the agenda of the work session tomorrow, for the purpose of discussion. "
The House of Representatives ended on the fifth of July, the first and second readings of the draft general amnesty law, while President of the Council Saleem al-Jubouri called for political blocs to need to agree on their differences on the draft law. "
He is scheduled to hold its House of Representatives on Saturday to discuss
Article Ends
Then when we see them launch the 50k and notes and the CBI should begin to sell off the new lower denominations notes and coins (the replacement currency) to the local banks. Watch for this carefully.
The objectives of launching of these notes is two fold –
1) to suck in the remaining 3 zero notes from the banks since they can’t just give out free money the banks must exchange their hoards of the older 3 zero notes for these new notes. They will also be allowed to buy these new notes with USD or other currencies
2) These 50k and 100k notes are not for the general public use but are to be used solely for inter-banking and international trade for large sum accounts. But the point is their plan is to have these large 50k and 100k notes coincide with the new lower demons as the permanent currency going forward post RV. They have already told us they intend to launch the 50k notes in 2015 and the 100k notes later in 2016.
Update: The National Reconciliation Conference
Knowing the time for the Reconciliation Conference as mid December then so where is the timeline for the RV? Do you see why now I say late December 2015 , early January RV window? Is this all rocket science?
So there is lots of talk that the National Reconciliation is done.
You base your input solely on one tiny article from Oct 24th stating and I quote- “President of the Republic Fuad Masum, confirmed in each message to UN Secretary General Ban Ki-moon design on the completion of a comprehensive national reconciliation in Iraq to exclude terrorists”.
First of all please go back and re-read it. The statement from president Masum is not saying the reconciliation effort is done but he is saying that the terrorist reform is completed meaning the “anti-money laundering and terrorist act” as part of the reconciliation effort is done, meaning the reform is done. It was just passed in parliament in August. Do you remember. Since the UN asked them to meet even a later deadline he is now telling them Iraq is done.
Next I want to present to you two more articles about the reconciliation. It came out over the weekend from Iraq. It is from Jabouri speaker of the house. He is telling Iraq (mostly the members of parliament) they need to “active the reconciliation”. Do know what this means? This means they (parliament) need to complete the rest of the remaining needed reforms laws ASAP needed for reconciliation. It is also telling us that the reconciliation process involved getting these needed reform laws implemented, just in case you doubted this in the first place. The are driving hard to getting it all done by mid December but sooner than later.
The language in this article is as I interpret that they have taken too long already for these reforms in parliament and member now need to get it done.
I know many of you don’t like it when I debunk your foolishness when you say reconciliation is already all done but many of you have no business making statements because you really don’t know what is going on in Iraq. Reconciliation is NOT done as this article proves. So if you don’t believe me here it is in black and white. Two articles, their words not mine. No Hype, No Rumors, just the FACTS.
All the needed reforms, as requested and agreed to, going back many years must be completed for FULL Reconciliation, then it will be DONE.
I quote from article two below – “For his part, the Speaker of Parliament stressed the importance OF THE COMPLETION of the comprehensive national reconciliation file so as to enhance the country's stability and security".
See articles below.
Article Begins
JUBOURI CALLS TO ACTIVATE RECONCILIATION
1/11/2015
AGHDAD / obelisk invited the Chairman of the House of Representatives Saleem al-Jubouri, Sunday, to activate the national reconciliation file, and as he emphasized the importance of addressing the problems left behind by the sectarian conflict, the description of the power of the clans are expected to weaken the prestige of the state, especially in the current circumstances B'allowahm '.
Jubouri said in a speech during the conference held by tribal clans parliamentary committee published on his site, The 'bridges tribes contributed to the strong cohesion and saved the country from the quagmire of blood and strife'. He called al-Jubouri, a 'national reconciliation file according to activate the process of contributing to harmony between the components of society measures'.
The head of the parliament on the 'importance of addressing all the problems left behind by the sectarian conflict, and give the tribes an active role in this regard', and expressed the hope that the 'fatwas religious authorities contribute to help the displaced in these difficult circumstance
Article Ends
Article Begins
JUBOURI ADVISER "KI-MOON:" PARLIAMENT HAS TO VOTE THE LAWS PERTAINING TO MINORITIES TO PRESERVE IT
Shafaq News
Monday 11-02-2015
Shafaq News / The President of the Iraqi Council of Representatives Saleem al-Jubouri, the Council's determination to vote on laws pertaining to the Iraqi minorities to preserve it.
According to a statement issued by the Information Office of the Jabouri, the latter met in his office, on Sunday, the private Secretary-General of the United Nations Adviser on the Prevention of Genocide, Adama Dieng.
The statement added that Dieng presented to the Speaker of Parliament a detailed review of his interest in the war committed by terrorist groups and Daash all crimes, stressing the keenness of the United Nations on the need to hold accountable all perpetrators of these crimes and bring them to justice.
Dieng pointed out that all the components of the Iraqi people have been subjected to these crimes and to the need to preserve the diversity of Iraq and to contribute to Parliament legislation laws that maintain no Iraqi reunion.
For his part, the Speaker of Parliament stressed the importance of the completion of the comprehensive national reconciliation file so as to enhance the country's stability and security, adding that the Parliament is keen to support any effort that would preserve the unity of the social fabric and national cohesion, and enhance the unity and synergy to meet the challenges and crises.
Jubouri said the House of Representatives of many of the laws that are waiting for approval by the vote, and that the laws of the jurisdiction, including the Iraqi minorities to preserve them and give them all the rights of Iraqi citizens.
Article Ends
So please stop all this chatter about this reconciliation being done. It is not for debate. How can it be done. Did you read my above explanation as to where we are?
It is far from being done. Stop looking for any crumb of evidence to support your so call intel “guru’s claim that this is done. Take off your RV goggles. Think for yourselves! This is getting very frustrating since many of you now can’t even read.
Their words not mine, NO Hype, No Rumors just the FACTS.
Update: Iraqi Economy
I am including an article below that I believe is HUGE. I have listened to a couple of these recent intel calls and what I heard about analysis of this article just startled me. I do not understand how people are thinking about what is happening in Iraq.
Let me explain why I believe this article is very important.
First it is telling us there is shortage of the three zero notes in circulation in Iraq, of any dinar to use. They need more paper money to conduct business. We all know why 80-90 % of these notes have already been sucked out of circulation. It is in preparation for the newer notes, the lower denoms and the RV.
Second this article is a debate among many of the Iraqi economists. Each of these economist gives their own opinion on what to do about the faltering economy as related to the lack of currency.
Some economist think that printing more money will give Iraq more wealth and purchasing power. Later in the article this is disputed as printing and circulated more of Iraqi three zero notes currency would only “create more inflation and stagflation of their economy”. It would also “cause deterioration of the dinar exchange rate against the dollar and creates ill-high distribution of cash currency in the market becomes runaway inflation economy”.
Then Mr Mohamed Ali told / JD /: explains that "Iraq today is fully dependent on import, so the reprint currency would not work in dealing with any economic problem."
Yet others say “The former Iraqi regime resorted to printing additional Iraqi currency, and put on the market during the nineties of the last century, when Iraq subjected to an economic blockade of an international led to financial bankruptcy and stop the economy in the country”.
The fact that they are even debating this issue and addressing the need to do something with the currency once again is excellent. This is what we want to see. So what will they do? Probably nothing since the CBI has the power to print more of the 3 zero notes and they are not about to do it now since they are so close to going international and they will have new currency already at the CBI for this event (the new lower denominations $5,10,20,50 etc,,).
How many article recently have we read where they are talking about doing something with their currency? At least one or more a week now.
Remember this too – most of these economists do not know the overall currency reform plan and I can bet we know it better then they do. They do not know just how far the plan has already progressed. They do not know what is in stored for them coming up shortly.
Article Begins
PRINT NEW CURRENCY ONE OF THE OPTIONS THAT THE GOVERNMENT WOULD RESORT TO IT TO FACE BANKRUPTCY
10/27/2015
BAGHDAD / JD / .. ruled out a number of experts and specialists in the financial and economic affairs the country's vulnerability to financial bankruptcy in the event of continued decline in oil prices, noting that Iraq has a large cash reserve and coming to the big his business cards production and export of crude oil increases, while underlining that in the event the country's vulnerability to bankruptcy government will resort to several options, including printing new currencies to address the crisis by the inflationary financing to create futures economic movement.
An official source at the Central Bank, said that "the country's vulnerability to financial bankruptcy is unlikely for several reasons, including that oil prices fall, but not up to Zero, as well as that Iraq is on the verge of significant increases rates of export of oil, as well as Iraq Atlk large cash reserve from which to create development projects as it is now in the Central Bank's program of six trillion developmental dinars, in addition to the existence of other non-oil resources can be activated such as agriculture , tourism, industry, taxes and other ", adding that" Bankruptcy is exposed to him under an international economic blockade, or states that it was fighting a major war.
"The source, who requested anonymity, told / JD /:" There are several options on the table with the government in the event that the country Financial filed for bankruptcy, including external borrowing from international banks as well as the printing of Iraqi currency and create inflation, stagflation, or the so-called funded budget to inflation, and this would convey the bankruptcy of the state to the community, as well as it will create layers in society wealthy layer and layer crushed and dramatically.
"He explained that" This option is bad because it will create a futures economic movement and located him severe accumulations, including the deterioration of the dinar exchange rate against the dollar and creates ill-high distribution of cash currency in the market becomes runaway inflation economy, the government may resort to this option, but not completely, but partially.
"The expert Alavtsada lion Mohammed Ali warned of resorting to a proposed Iraqi currency printed in the case of the country's vulnerability to financial bankruptcy, stressing that he could not repeat the nineties of the last century, the experience of the fact that Iraq at the time was the subject of the economic blockade and the international limited currency on the local trading depending on what is sold in the markets of local produce, as well as limited Iraqi economy and then on the internal circulation.
Mr Mohamed Ali told / JD /: "Iraq today is fully dependent on import, so the reprint currency would not work in dealing with any economic problem."
He called the economic expert to develop an effective and radical solutions from which to contain the crisis and the lack of impact on society.
For his part, an expert on financial affairs spokesman Hadi al-Tamimi, there are many solutions that can be resorted to in the event that the country's economic crisis Kberh may lead to bankruptcy, to encourage deposits and increase profits and the granting of loans by the Central Bank in accordance with the development programs to create an economic movement, in addition to supporting the private sector and make it a competitor for a year.
He said al-Tamimi told / JD /: "The launch additional Iraqi currency into the market could be a solution but it will cause great economic inflation will have future implications for the economy and will affect the dinar exchange rate against the dollar , it is partial and timely solution to the crisis, but for a limited period not exceeding 18 months. "
The former Iraqi regime resorted to printing additional Iraqi currency, and put on the market during the nineties of the last century, when Iraq subjected to an economic blockade of an international led to financial bankruptcy and stop the economy in the country.
Article Ends
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Peace and Luv To Ya All,
Mnt Goat
PRINT NEW CURRENCY ONE OF THE OPTIONS THAT THE GOVERNMENT WOULD RESORT TO IT TO FACE BANKRUPTCY
10/27/2015
BAGHDAD / JD / .. ruled out a number of experts and specialists in the financial and economic affairs the country's vulnerability to financial bankruptcy in the event of continued decline in oil prices, noting that Iraq has a large cash reserve and coming to the big his business cards production and export of crude oil increases, while underlining that in the event the country's vulnerability to bankruptcy government will resort to several options, including printing new currencies to address the crisis by the inflationary financing to create futures economic movement.
An official source at the Central Bank, said that "the country's vulnerability to financial bankruptcy is unlikely for several reasons, including that oil prices fall, but not up to Zero, as well as that Iraq is on the verge of significant increases rates of export of oil, as well as Iraq Atlk large cash reserve from which to create development projects as it is now in the Central Bank's program of six trillion developmental dinars, in addition to the existence of other non-oil resources can be activated such as agriculture , tourism, industry, taxes and other ", adding that" Bankruptcy is exposed to him under an international economic blockade, or states that it was fighting a major war.
"The source, who requested anonymity, told / JD /:" There are several options on the table with the government in the event that the country Financial filed for bankruptcy, including external borrowing from international banks as well as the printing of Iraqi currency and create inflation, stagflation, or the so-called funded budget to inflation, and this would convey the bankruptcy of the state to the community, as well as it will create layers in society wealthy layer and layer crushed and dramatically.
"He explained that" This option is bad because it will create a futures economic movement and located him severe accumulations, including the deterioration of the dinar exchange rate against the dollar and creates ill-high distribution of cash currency in the market becomes runaway inflation economy, the government may resort to this option, but not completely, but partially.
"The expert Alavtsada lion Mohammed Ali warned of resorting to a proposed Iraqi currency printed in the case of the country's vulnerability to financial bankruptcy, stressing that he could not repeat the nineties of the last century, the experience of the fact that Iraq at the time was the subject of the economic blockade and the international limited currency on the local trading depending on what is sold in the markets of local produce, as well as limited Iraqi economy and then on the internal circulation.
Mr Mohamed Ali told / JD /: "Iraq today is fully dependent on import, so the reprint currency would not work in dealing with any economic problem."
He called the economic expert to develop an effective and radical solutions from which to contain the crisis and the lack of impact on society.
For his part, an expert on financial affairs spokesman Hadi al-Tamimi, there are many solutions that can be resorted to in the event that the country's economic crisis Kberh may lead to bankruptcy, to encourage deposits and increase profits and the granting of loans by the Central Bank in accordance with the development programs to create an economic movement, in addition to supporting the private sector and make it a competitor for a year.
He said al-Tamimi told / JD /: "The launch additional Iraqi currency into the market could be a solution but it will cause great economic inflation will have future implications for the economy and will affect the dinar exchange rate against the dollar , it is partial and timely solution to the crisis, but for a limited period not exceeding 18 months. "
The former Iraqi regime resorted to printing additional Iraqi currency, and put on the market during the nineties of the last century, when Iraq subjected to an economic blockade of an international led to financial bankruptcy and stop the economy in the country.
Article Ends
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
Mnt Goat
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