militia

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 […]

1310 is not a REER.  1310 is the current official exchange rate the Central Bank of Iraq uses for formal transactions.  It is an administered rate, not a market determined one.  […]

The last 48 hours has been pretty intense.  I think it’s pretty good…I wouldn’t be surprised if we see some big information in the next few days…These guys are putting […]

The zeros file dominates as you can see…There’s a real distinction between changing the official rate of the existing dinar and deleting the zeros to create a new unit of […]

Article quote “The most controversial proposal is to remove zeros from the Iraqi dinar or what is know as renaming the currency…A distinction must be made between removing zeros and […]

Article quote “The finance committee has taken upon itself the legislation of grants and borrowing law and an agreement was reached with the government…the first reading will take place next […]

Article “IRAQ HOLDS 174.6 TONS OF GOLD : ITS LATEST DATA DATES BACK TO 2025″. Iraq’s gold position is solid…174.6 tons — third in the Arab world and 28th globally — making […]

A Real Effective Exchange Rate is going to be based off fundamentals.  If you’re still talking about a [lop] you really don’t know what you’re doing.  You really got to […]

Removing the zeros from the dinar is mainly a bookkeeping step…It does not make the money stronger by itself…A strong currency comes from a strong economy and solid institutions… Remove […]

[The CBI and GOI] are prepping people, putting a seed in their head that change is coming.  They’re opening up the conversation about the digital dinar.  They’re opening up the conversation […]

A short hard deadline, something like one month, for citizens to turn in the large notes is not just administrative convenience.  It’s a deliberate pressure mechanism.  Legitimate money has every reason […]

Holders of illicit or laundered funds have strong reasons to stay outside the formal system.   They do not want the scrutiny that comes with depositing large cash amounts…‘Where did you […]