militia

The CBI media director restated that the deleting the zeros is not within the bank’s authority and requires a legal legislative path.  Understand that deleting the zeros is different than a […]

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.  […]