IMO, Ramadan has Nothing to do with the Monetary Reform nor the global changes happening around the world.
The two are just not related, but could be just coincidental.
IMO, the Monetary Reform was planned, outlined, supervised and assisted by the IMF starting last Fall, cumulating in the December 2015 LOI.
This corresponded directly, IMO, with the commitment by the United States to remove ISIS and send more troops into Iraq.
The overall plan seems to have also involved backing PM Abadi.
I stand by my opinion, that last March, during Abadi’s meetings with the IMF, he did not get outside support, but just the autonomy to RV.
In my opinion, Iraq was told to “get their act together.”
At the time… IMO, the RV was never in play prior to April 28th, 2016 because the needed steps in the LOI (Letter of Intent) had to be completed and they will have to be reviewed.
The major indicator, IMO, that the plan for the Monetary Reform, is being completed, is the co-signing of Iraq’s debt by the U.S. Secretary of the Treasury.
Bonds, loans, an improved credit rating, and the final review of the IMF’s first half of 2016 LOI plan, have all been reported to be in process and appear to be on schedule.
Additionally, a recent article affirmed that the loans – and IMO, the Monetary Reform – is going forward regardless of the political drama.
IMO…the BIS approved of Iraq’s Monetary Reform on April 28.
So, now we get an article stating that the loans – and I believe the RV/Article VIII compliance – are (now/change in U.S. policy being implied) independent of the GOI.
So, instead of using the withholding of the RV as a threat to get the GOI reformed, IMO, the U.S. will now go ahead with the RV.
This, in turn, will ignite the HCL causing the needed reforms within the GOI.
