Article: “Economy of Iraq .. and Abdul Mahdi” Quote: “It seems that Mr. Adel Abdul Mahdi’s plan is to pump money into the market and increase the purchasing power of the individual…” The wealth distribution mentioned in this article is off the charts if the case in point is credible. It is suggesting they are to be (or are now) pumping money into the markets to increase purchasing power. Well pumping money into the markets if at a program rate would not be increasing value. In fact, that would be the exact opposite, as it would be a dilution of the money supply, having a negative effect on value. Thus, where we are at this stage would suggest they are pumping the new small category notes in to the market to add value or at least to the banks, as we have learned from Frank26 that the new ATM machines will have new software to handle the new small category notes, gold, coins, even other currencies to do just that. That is to add value!
So with distribution having begun per what the opinion piece suggests, then, there is no way this is going out to October nor is it waiting on Trump, Iran, China, or anyone else for that matter, except the CBI with Alak still at the helm. imo…As the FML and amended FML for 2019, is in place (imo) with the mechanisms established on time with a fully operational GOI and within there time line, as of today. imo. Add in the IMF lifted all exchange restrictions on Iraq back on the 25th real close. So, let that all sink in and keep us grounded. And, lets not forget that International Visa and Master Cards were being issued. Not for a program rate either!! We await the live mechanisms now.
