Clare Article: ”Imposing a curfew in all Iraqi governorates on November 20 and 21″ Quote: “The Iraqi government decided…to impose a curfew on November 20 and 21 in all regions and cities of the country to conduct the population census.”
Fnu Lnu I have heard these Uncle FUD folks (Fear Uncertainty Doubt) attempting to generate negativity with the perfunctory hand-wringing stating that with the price of oil now in the $70’s, the Dinar is likely to be devalued. REALLY??? They have a new 11% revenue stream they never had before due to non-oil income. They have multi-national corporations in the wings chomping at the bit to get started with projects ranging from the “Development Road” to oceans of new housing, infrastructure projects, tariffs, import fees, new port facilities, not to mention all the mineral wealth waiting to be exploited. They have record foreign reserves and 150 tons of gold plus they have sold bonds of late. They will also be repatriating all the DFI funds from the New York Central Bank if they haven’t already done so...The Chicken Little routine is wearing thin…Trust me, there will be NO dinar devaluation now or in the future.
Samson “Our Country’s Dream… Al-Sudani Sends an Important Message to Gulf States Regarding the Path to Development” Quote “Prime Minister Mohammed Shia al-Sudani stressed that the drop in oil prices to less than $72 confirms the need to diversify...”
Mnt Goat Is the electronic payment necessary in Iraq for the RV? NO, it is not but it will help to prevent the money laundering…
Wolverine [via Judy Byington] Things are defiantly happening behind the scenes. We are going to be celebrating this week. There are things that I can’t say, but I wanted you to know that things are defiantly moving…
Pimpy [Post 1 of 2…….] Question: “What does Iraq need to do right now to reinstate their old rate of $3.22?” Professor Boskin [of economics] graciously shared the following information which I am pleased to relay to you…It should be able to give you an idea of how far away this thing might be…The first thing he’s talking about is implementing monetary reforms. PIMPY: We’ve been hearing about that for years so we know they definitely are implementing monetary reforms. PROFESSOR: …The Central Bank of Iraq may consider removing zeros… PIMPY: Obviously if they’re going to remove the zeros off the currency, they’re going to re-denominate and print new bank notes. PROFESSOR: Establish a currency basket system…the value of the dinar would be determined against a weighted average of several currencies…
Pimpy [Post 2 of 2] PROFESSOR Continued: Reduce their dependency on the dollar. PIMPY: At the beginning of this year they were not supposed to use the US dollar anymore. PROFESSOR: …Focus on diversifying its economy beyond oil dependency… PIMPY: Right now…only 89% of [the budget] is dependent on oil sales. A lot better than where it was. PROFESSOR: Improve trade balance…Enhancing exports…Reducing unnecessary imports …thereby supporting a stronger dinar. PIMPY: They have things to trade but not a whole lot of options. PROFESSOR: Maintain internal stability…Monitor inflation rates… PIMPY: Right now Iraq is somewhere around 5%…He’s saying if they want to reinstate the $3.22 rate these things have to be taken care of. I do find it interesting we’ve been listening to them talk about deleting the zeros and he’s put that in here…A lot of this stuff Iraq has already started…Kudos to Al-Sudani.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on television saying we will have more digital banks in Iraq than the entire surrounding region of the Middle East. They’re saying the new banking reform will eliminate the black market. FRANK: BOOM! There it is. There it is. There it is.
Militia Man The digital transformation is here and it’s only going to grow and grow and grow in totality…When they’re going from a cash economy to a digitized cashless economy, is going to have what? Article VIII compliant currency on an international global Forex market. That’s what we should expect at any time…
MarkZ [via PDK] Question: …about a month ago you talked about how your contacts said your Dinar estimate was “way too low.” You were at like $3.70…so are we talking about $5? $7? $10? MarkZ: All they are telling me is my estimates are way too low.
tishwash Article “Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president” Quote: “We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces’ mission in Iraq soon…indicating that the end of the international coalition’s mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties…We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq’s efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States.”
