man

I didn’t see this coming, but it’s here today.  Due diligence is finished…7 [Iraqi] banks have cleared every standard.  A 3-stage path is laid out to non-dollar transfers, then dollar transfers, […]

Out of the 32 sanctioned banks the first group of 7 has now met all of the required criteria and conditions and has no legal or technical obstacles.  The process […]

The cabinet is now complete… Officials keep using the words ‘Next Stage’…I’ve talked about words and when you see consistent patterns, that’s important…Al-Zaidi confirmed the cabinet is now full…Minister of […]

The CBI window is a posted price not a market quote…A weaker dinar makes each oil dollar count as more dinars on the budget page…$1 billion at 1320 is 1.32 trillion […]

Deleting zeros and a stronger dinar are not the same thing…Deleting zeros is a cleanup of the notes.  25k note becomes a 25 note.  Your shopping power does not rise because […]

The names for the remaining ministries are starting to come out, including Interior and Defense…Interior and Defense are the two seats that matter most for security guarantees…A fuller cabinet does […]

New notes, redenomination, rate decision, Real Effective Exchange Rate, they can run side by side.  One does not cancel the other… : Militia Man

Budget lines are not proof the rate moved.  It does not change the rate by itself… :Militia Man  

Taking zeros off a currency would take a law.  Have they done that? Not yet…There is a public discussion of a new series of notes…If and when the bank moves on […]

Sovereignty days are now on the official calendar…Official work stops Wednesday September 30 and stays dark through Saturday October 3rd…A 4-day shutdown…It’s not a trigger but it does look clean… […]

Militia Man: Iraq’s integration into the global financial system is real.  Parts of it are already at an advanced level.  Other parts are underway…Is it finished?  No …Is the dinar’s […]

A currency is not a lottery ticket.  A currency is a country’s unit of account backed by an institution that can keep the prices stable, low inflation, meet demand for foreign […]

Deleting the zeros is a unit change, the numbers on the notes get smaller.  Prices and wages get rewritten to match.  That does not by itself make a dinar buy […]

The question I keep getting is simple.  Is Iraq really moving into the global financial system or is it just talk?  This integration is real.  It’s underway.  Parts of it are […]

Zaidi goes to New York [this] week.  He speaks at the United Nations.  He meets with President Trump.  He goes to the US Chambers of Commerce.  And then 30 September […]

Printing more dinars to cover salaries is not a rate move.  It’s more local cash against the same pile of dollars.  It usually means a weaker dinar and higher prices.  […]

A redenomination, deleting the zeros, is a unit change.  It simplifies the currency, forces a note exchange and can help pull cash into formal channels…It does not by itself change the […]

The United States just made an announcement about 65 billion barrels of oil the United States is going to control from Venezuela…I think we all should be paying attention to […]

Article: “A crisis of confidence and a cash economy:  Round 97 trillion Iraqi dinars are outside the banking system”   roughly 90- 97 trillion dinars sitting outside the formal banking system out […]

Purchasing power vs. redenomination  –  What’s the difference?  With a redenomination there’s no purchasing power.  It does “ease of use”…A straight redenomination, simply deleting zeros and issuing new notes, changes […]

They’re doing it on their own timelines.  [All the components] don’t all have to happen at the same time.  Just like the check boxes…they don’t have to have them all done, […]

They’re talking about strengthening  the position of the Iraqi dinar.  If you’re going to remove zeros, you’re not strengthening anything – it’s a redenomination.  It’s like a reverse split in […]

You see JP Morgan involved.  What are they talking about?  They’re talking about doing bank transfers.  They’re talking about opening a branch in the country of Iraq, in Baghdad.  I […]

The Central Bank has never denied a real effective exchange rate was to come…Nor have  they decided to say that we’re not doing the delete the zeros project.  The Prime Minister […]

The Washington visit is being framed as the next big catalyst for investment, tech transfer, and deeper global integration — all of which strengthen the fundamentals for long-term REER stability […]

The architecture is accelerating, serious momentum towards full integration…We’re in one of the most important windows we’ve seen in a very long time.  Multiple major files are converging at the […]

Key developments from the last couple of days.  There’s a clear pattern forming and the architecture continues to tighten with obvious purpose…They’re showing a real cleanup is happening …By them […]

A managed REER adjustment may now be more prudent ahead of the Washington visit makes total good sense to me.  With Hormuz reopening, oil revenue pressure eases, reserves stabilize and […]

The growing confidence in the gatekeepers have in the path Iraq is on right now. Remember the United States said they would like to see certain things happen with this […]

The Development Road Project is one of the big issues.  Everybody should take it as serious as I do because it’s going to be those non-oil revenue streams to a scale […]