militia

We have heard too much noise for too many years.  Removing zeros from the notes is a unit cleanup…It makes the number smaller.  It does not by itself raise what […]

[CBI] governor Nazar Nasir was elected vice-chairman of the board of governors of Arab central banks and monetary institutions…The Iraq central bank is back in the chair where policy language […]

They’re talking about possible new notes.  If they’re going to have a revaluation of the currency are you going to still use 25,000 notes when you revalue?  …Can they? Sure.  Are […]

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 public life larger […]

The central bank has said more than once that it’s not in the business of surprising the country with a sudden official rate change. When rumors fly the bank’s public […]

The development road project is moving forward…They are moving towards diversification and have fully engaged in it…Haven’t we seen in the news for the last months – United States partnership, […]

The Development Road is no longer just a slogan or a signed MoU.   It is entering the phase where technical committees, finance ministries, and oil entities are negotiating the plumbing. […]

A REER adjustment is a managed change in what the dinar is really worth against the currencies Iraq trades with…It’s not printing [additional notes].  It’s not knocking zeros off a […]

The two pocket picture.  Think of Iraq’s money as two pockets.  Pocket one is dollars from oil.  Pocket two is dinar used to pay salaries.  The exchange rate is the […]

The CBI has been awfully quiet.  All these three zero topics, delete the zeros, all these  different things, you haven’t heard much from the CBI… : Militia Man

The zeros file is no longer theoretical.  It is being shaped in public…hard numbers on the cash outside the banks, expanded printed capacity and a clear warning to large undeclared […]

Redenomination and a REER style adjustment are related but they are not the same tool.  Deleting the zeros is an administrative unit change.  However, a REER adjustment is a deliberate […]

A coordinated REER style adjustment remains the more feasible and credible path…What’s been taking place, modernization, formalization, transformation…is part of that whole scenario…Everybody’s moving forward doing  the best they can […]

How is Purchasing Power different?  Purchasing power is what a dinar can actually buy in goods, services and foreign currency.  That is determined by real fundamentals…the credibility of monetary policy […]

The plan is too far along to reverse at this stage.  Big business is not waiting for perfect political optics.  The systems track, the banking, payments, customs, gas capture, standardization, […]

Deleting the zeros is a technical unit change.  You got to know what that means.  It does not by itself raise purchasing power.  Understand that.  Any real strengthening of the dinar […]