"There is Much Excellent News." from Mountain Goat
04/03/2014
Hi Everyone,
Today I needed to send to all my friends an update as to the status of the IQD currency revaluation process. There is much excellent news as we progress towards the finish line.
I also thought I would use this news letter to assist in clarifying some confusion in other matters too. This confusion comes about by not knowing past events and how they effected the RV process.
Today’s News
Let
me say who would ever have thought we would be here now talking about
the 2014 elections in Iraq and still no revalued currency of Iraq.Let me give you a bit of history lesson now so we can all understand where the RV process is.
I am doing this so you can truly understand to eliminate any stress you may have since after reading my explanation you should feel very comfortable that this RV is about to be announced !
....
Technically
the long term strategic plan for Iraq called for us all to have
exchanged our currency by now and the project to delete the zeros ending
this year of June 2104. Yes- that was the original plan. The fact that
the IMF has high-jacked the RV process in 2010, as part of the Global
Reset process, has caused many delays in the process and much pain for
Iraq and for us speculators.
I also know that once the plan changed, a new target date of June 2012 was then set to announce the RV. The CBI then worked hard to execute and line up the events in the process to meet this date. The new lower denominations were to be issued and the coins to begin circulation also in September of that year.
So what happened?
The delay then was then said to be caused by political pressure from the prime minister of Iraq and the GOI not to RV. Was it purely that the GOI wanted to be free of Chapter VII sanctions or something else or both causing the delay?
In retrospect we also have to consider, knowing now what we know, and ask the question - Was the delay in June of 2012 really orchestrated by the IMF?
We did witness all the issues and attempts in the spring and summer of 2013 to modify the software platforms to get the process of rate changes and needed file updates downstream to the banks and exchanges.
So now I ask another question – How could they have ever been ready in June of 2012?
I think had they gone ahead with the RV in summer of 2012 it might have been one colossal mess. Much larger than the mess we all witnessed the following summer with the rate rollout process. I believe to that by experiencing these issue back then it made the IMF realize that they needed to take more caution. They then took many steps back and did a more detailed analysis on the process and all events that needed to occur prior to popping this RV out to the world. In my last news letter dated 032914 called UU9097 How Close Are We- Recent Events, I stated some of the other issues and hold ups too by the IMF that I was allowed to tell you about.
So to continue with todays saga….lol….
Meanwhile in the summer 2012 under the governor of the CBI he continued pressure to fully implement the currency reform project and to continue the process. You have to understand the process to understand how this all ties together. The RV process is a series of steps or events . For example collecting the larger 3 zero notes from circulation and depleting the US dollars.
Once you begin the process it is very hard to deviate since you must RV shortly afterwards. You must do this since the citizens and businesses are now depleted of most of the currency in circulation.
How do you run an economy with no money?
So you see the CBI has been in a very sensitive situation ever since. They began the RV process, then were told to halt and wait, they told to go ahead again, then told to halt and wait again There were also other investment and reconstruction contracts to that were signed in anticipation of lining up to the June 2012 RV date. So we can all now see why the CBI kept pushing for full announcement that summer.
So where do they now stand?
The CBI has now drawn in nearly all the large 3 zero notes out of circulation from their citizens in country. The use of the US dollar in country is now prohibited. Banks and businesses are not allowed to accept USD. So what the heck are they using for daily transactions?
The average citizen has been using the government sponsored debit card or SMART Card, loaded with money finally allocated to them from various programs. We witnessed these cards being loaded in early 2013. Remember?
They had to use the new rate of $3.71 too the new card system was already calibrated for the new anticipation of the RV back in summer of 2012. So you see stalling this process as backlash and complications in the process. They did not want to wait again months to change over all the programs to other rates since the riots were ongoing.
Also the specific programs paying out called for very specific rates. By now (early 2013) the currency should have RV’d and these rates would have been a natural part of the process and not even questioned by us intel researchers. So what happened?
Iraq essentially had an informal in-country revaluation of their currency in early 2013. There is just no other appropriate way to look at it. The facts speak for themselves. You can deny the facts but they are still reality. Did they ever announce this? No – but their actions in loading the SMART cards aligns accordingly to this fact.
So now into almost a year of collecting the 5,000, 10,000 and 25,000, 3 zero notes from circulation, it is very difficult to conduct daily transaction in Iraq with any normal pricing structure. There is no means to giving change the customer from what hard currency is still available.
Remember too that the $50, 100, 250 and 1000 notes are still in circulation and are not going away. Prices must be rounded up to match the denominations tendered. This is once again causing unnecessary inflation. So there is still some paper currency in circulation but it is beat up, torn and written over. Some businesses do not even want to accept this 10 year old worn out, crumpled currency.
Many transactions are now all driven electronically. This is not really such a bad thing either since it is limiting corruption and currency fraud. But again I will say they do need hard currency in the hands of the citizens. They need the lower denoms and coins.
This part of the process is stalled. It is not fair for many citizens who are not on these government programs and thus do not use the electronic cards. They are holding off re-issuing any of the larger notes, thus it would defeat all they have already done to collect them in. They must someday shortly continue the process and give Iraq the lower denoms and coins. This must happen real soon!
So to continue the saga - In December of 2012, that same year, more interference by the Government of Iraq (GOI) to intervene in matters of the CBI. Remember at this time the CBI was still pushing forward attempting to bypass the GOI and finish the RV process. The action from the GOI against the CBI as this time to stop the RV was plain blunt goon tactics. It resulted in accusations of corruption in the CBI bla bla…..lol….
It was said the full lifting of sanctions under chapter VII was the driving force by the GOI since they still have not seen them lifted. Without these lifted the GOI simply would not support any currency reform.
Again in April 2013 the IMF stepped in and wanted to roll out the RV now getting more involved with the clean up at the CBI. Once again the GOI stepped in and stopped it. The pressure was on to lift the sanctions and in June-July 2013 finally we see the end to the sanctions.
The GOI promised to the IMF it would fully support and currency reform project if the sanctions were lifted. Did they? I believe that are now fully supporting the RV simply by staying out of the matters that involve the rollout. But this came with a price too.
As usual the prime minister lied and used the RV once again as political leverage to negotiate his own personal safety and security. He wanted the USA to back his election for a 3rd term. The USA refused but did state they would allow him to run regardless of the new election law limiting a 3rd term of any of the 3 presidents, as stated in the constitution.
The GOI claims 1) the provisional prime minister (1st term was technically really not a fully formed government and does not count for term 2) the prime minister position is not one of the limited two term presidential positions referred to in the constitution. So through a technicality once again, Maliki is being allowed to run for a
3rd term. Will he succeed? I will discuss this later in this new letter.
So now we have been waiting since June-July of 2013 for an RV. What are now the excuses?
From this period of June through late November the USA did not support the RV. They wanted to negotiate selling off their oil credits with Iraq in place for much needed gold reserves. These negotiations resulted in contracts directly with China and brokering deals with China for Vietnam.
There contracts essentially would sell oil credits which would assure future oil supplied to China. The USA needed gold and China needed oil. It was that simple. So finally these negotiations ended, contracts were signed. Rates for these contracts were then pushed to the banks to begin exchanges.
On December 1, 2013 the revaluation of the IQD and VND was ready. An informal announcement was made an informal RV date of December 1st was given.
What the heck is an informal RV announcement?
Why did not all the 190+ currencies get RV’s and global reset pushed?
These are two very important questions and I will try to address them.
I also know that once the plan changed, a new target date of June 2012 was then set to announce the RV. The CBI then worked hard to execute and line up the events in the process to meet this date. The new lower denominations were to be issued and the coins to begin circulation also in September of that year.
So what happened?
The delay then was then said to be caused by political pressure from the prime minister of Iraq and the GOI not to RV. Was it purely that the GOI wanted to be free of Chapter VII sanctions or something else or both causing the delay?
In retrospect we also have to consider, knowing now what we know, and ask the question - Was the delay in June of 2012 really orchestrated by the IMF?
We did witness all the issues and attempts in the spring and summer of 2013 to modify the software platforms to get the process of rate changes and needed file updates downstream to the banks and exchanges.
So now I ask another question – How could they have ever been ready in June of 2012?
I think had they gone ahead with the RV in summer of 2012 it might have been one colossal mess. Much larger than the mess we all witnessed the following summer with the rate rollout process. I believe to that by experiencing these issue back then it made the IMF realize that they needed to take more caution. They then took many steps back and did a more detailed analysis on the process and all events that needed to occur prior to popping this RV out to the world. In my last news letter dated 032914 called UU9097 How Close Are We- Recent Events, I stated some of the other issues and hold ups too by the IMF that I was allowed to tell you about.
So to continue with todays saga….lol….
Meanwhile in the summer 2012 under the governor of the CBI he continued pressure to fully implement the currency reform project and to continue the process. You have to understand the process to understand how this all ties together. The RV process is a series of steps or events . For example collecting the larger 3 zero notes from circulation and depleting the US dollars.
Once you begin the process it is very hard to deviate since you must RV shortly afterwards. You must do this since the citizens and businesses are now depleted of most of the currency in circulation.
How do you run an economy with no money?
So you see the CBI has been in a very sensitive situation ever since. They began the RV process, then were told to halt and wait, they told to go ahead again, then told to halt and wait again There were also other investment and reconstruction contracts to that were signed in anticipation of lining up to the June 2012 RV date. So we can all now see why the CBI kept pushing for full announcement that summer.
So where do they now stand?
The CBI has now drawn in nearly all the large 3 zero notes out of circulation from their citizens in country. The use of the US dollar in country is now prohibited. Banks and businesses are not allowed to accept USD. So what the heck are they using for daily transactions?
The average citizen has been using the government sponsored debit card or SMART Card, loaded with money finally allocated to them from various programs. We witnessed these cards being loaded in early 2013. Remember?
They had to use the new rate of $3.71 too the new card system was already calibrated for the new anticipation of the RV back in summer of 2012. So you see stalling this process as backlash and complications in the process. They did not want to wait again months to change over all the programs to other rates since the riots were ongoing.
Also the specific programs paying out called for very specific rates. By now (early 2013) the currency should have RV’d and these rates would have been a natural part of the process and not even questioned by us intel researchers. So what happened?
Iraq essentially had an informal in-country revaluation of their currency in early 2013. There is just no other appropriate way to look at it. The facts speak for themselves. You can deny the facts but they are still reality. Did they ever announce this? No – but their actions in loading the SMART cards aligns accordingly to this fact.
So now into almost a year of collecting the 5,000, 10,000 and 25,000, 3 zero notes from circulation, it is very difficult to conduct daily transaction in Iraq with any normal pricing structure. There is no means to giving change the customer from what hard currency is still available.
Remember too that the $50, 100, 250 and 1000 notes are still in circulation and are not going away. Prices must be rounded up to match the denominations tendered. This is once again causing unnecessary inflation. So there is still some paper currency in circulation but it is beat up, torn and written over. Some businesses do not even want to accept this 10 year old worn out, crumpled currency.
Many transactions are now all driven electronically. This is not really such a bad thing either since it is limiting corruption and currency fraud. But again I will say they do need hard currency in the hands of the citizens. They need the lower denoms and coins.
This part of the process is stalled. It is not fair for many citizens who are not on these government programs and thus do not use the electronic cards. They are holding off re-issuing any of the larger notes, thus it would defeat all they have already done to collect them in. They must someday shortly continue the process and give Iraq the lower denoms and coins. This must happen real soon!
So to continue the saga - In December of 2012, that same year, more interference by the Government of Iraq (GOI) to intervene in matters of the CBI. Remember at this time the CBI was still pushing forward attempting to bypass the GOI and finish the RV process. The action from the GOI against the CBI as this time to stop the RV was plain blunt goon tactics. It resulted in accusations of corruption in the CBI bla bla…..lol….
It was said the full lifting of sanctions under chapter VII was the driving force by the GOI since they still have not seen them lifted. Without these lifted the GOI simply would not support any currency reform.
Again in April 2013 the IMF stepped in and wanted to roll out the RV now getting more involved with the clean up at the CBI. Once again the GOI stepped in and stopped it. The pressure was on to lift the sanctions and in June-July 2013 finally we see the end to the sanctions.
The GOI promised to the IMF it would fully support and currency reform project if the sanctions were lifted. Did they? I believe that are now fully supporting the RV simply by staying out of the matters that involve the rollout. But this came with a price too.
As usual the prime minister lied and used the RV once again as political leverage to negotiate his own personal safety and security. He wanted the USA to back his election for a 3rd term. The USA refused but did state they would allow him to run regardless of the new election law limiting a 3rd term of any of the 3 presidents, as stated in the constitution.
The GOI claims 1) the provisional prime minister (1st term was technically really not a fully formed government and does not count for term 2) the prime minister position is not one of the limited two term presidential positions referred to in the constitution. So through a technicality once again, Maliki is being allowed to run for a
3rd term. Will he succeed? I will discuss this later in this new letter.
So now we have been waiting since June-July of 2013 for an RV. What are now the excuses?
From this period of June through late November the USA did not support the RV. They wanted to negotiate selling off their oil credits with Iraq in place for much needed gold reserves. These negotiations resulted in contracts directly with China and brokering deals with China for Vietnam.
There contracts essentially would sell oil credits which would assure future oil supplied to China. The USA needed gold and China needed oil. It was that simple. So finally these negotiations ended, contracts were signed. Rates for these contracts were then pushed to the banks to begin exchanges.
On December 1, 2013 the revaluation of the IQD and VND was ready. An informal announcement was made an informal RV date of December 1st was given.
What the heck is an informal RV announcement?
Why did not all the 190+ currencies get RV’s and global reset pushed?
These are two very important questions and I will try to address them.
They
made an informal RV announcement of these two currencies only cause
they needed a firm date to coincide with other contracts so they could
have a real rate to use.
From this date forward penalties are being paid out on these contracts since the formal announcement has not yet been made. This also allowed for much corruption. Whether this was planned all along or just decided afterwards I do not know.
But the RV’d rate was essentially now from the public yet those of influence in the government were allowed early exchanges by political politicians and their influential friends and family members.
They consumed much of the high contract rates not allowing much left over for the general public to participate, who were the intended participants all along for these the contract rates.
These early exchanges ended in late December 2013. It was thought that now the general public would now exchange.
However in January 2014, once again only the already wealthy could participate. The UST was accused of corruption once again by allowing these rates go live at special times of the day for these bank customers.
The finger pointed began and they only pointed back at the banks as the problem. This practice was finally stopped in mid February, after almost a month of feasting on the high contract rates once again this depleting the rate bucket even more from the general public, the intended recipients. It was stopped only after much pressure from the general public.
It now stands that the general public will now at least have an opportunity to exchange also at these high contract rates.
What money is left in the buckets?How many of us general public will actually be able to exchange before the rate is depleted since most of the funding on the contracts has already been consumed?
The next question is how long must we (the general public) now wait before we may also exchange since the very wealthy have already had their share. The longer they wait the more impatient and frustrated we all become. This is like a boiling pot of stew. Since it is covered up now how long before the pot boils over?
Other recent developments for this RV processThere was an Article IV meeting in Jordan mid last month (in March). I have heard the IMF gave the green light to go ahead with their currency reform project and release the new rate.
The question is will they release it before or after the elections?The CBI announced in an article last fall that we would see the RV take place prior to June 2014. If they do not do it very soon there are yet other complications to occur thus making a mess again for this RV process. I have talked above about some of this past and upcoming issues.
All my sources are all saying that all they are waiting for is to see the new rate released by the CBI.. That’s all. And while no one knows the date….all are agreeing it’s very close.The public in Iraq have once again been notified of the pending international currency. They told their people weeks ago they would see a drastic change in the economy come April 1st. Here we sit April 3rd. So what happened? They are that close!
New Iraqi Currency MachinesA couple months ago an article was published that stated Iraq banks need better ways of detecting currency fraud and quickly counting money. As we know they already tried to disperse the lower denoms and they were recalled cause the announcement never happened.
In this process they discovered that it was difficult to disperse the new currency and wanted to eliminate the long lines at the banks. At this time they contracted to buy a series of these sophisticated currency machines. Now I am telling you these machines have arrived. They will be used to expedite the rollout of the lower denoms to the general public.
2014 BudgetLet me also say once again that it’s not this foolish notion of the Iraq budget holding up the RV announcement but rather the CBI and only the CBI. The budget delays are because the currency must revalue first prior to any budget approval and implementation.
Once again will say I know for fact the budget in reality is done and already ratified. So once again this 2014 budget it not the holdup but a stalling tactic. The budget it controlled by the GOI and the CBI controls the money to support the budget. Two separate entities and two separate functions.
Budget second reading on Tuesday 4/1? Why did it not happen? Now news that it is once again postponed until Thursday 4/3? As long as we do not see the RV announcement they will continue to stall on this last budget reading. You many also see Thursday’s reading postponed.
Iraqi Elections (FYI)Let me clarify when the types and time frames of the elections held in Iraq. There seems to be much confusion and I can’t understand why. It is public information.
I listen to many intel calls and I hardly believe what I am hearing for timeframes of this process. How can we trust their intel when they can’t even get the elections timeframe accurate? Something as simple as this! We must then ask ourselves this question– Do they also just make up the rest of their intel too? So let me set this straight.
There are only 2 election cycles in Iraq:Parliamentary (or National ) elections are scheduled to be held in Iraq on 30 April 2014, however the voting usually begins in mid April since each of the provinces have varying voting time frames. The final conclusions for these top positions should be made around 30 April.
These elections will decide the 328 members of the Council of Representatives who will in turn elect the Iraqi President and Prime Minister.
You may also hear the term National elections which is the same as Parliamentary elections.
2) Provincial (or Governorate) elections were held in Iraq on 20 April 2013, to replace the local councils in the governorates of Iraq that were elected in the Iraqi governorate elections of 2009. Elections took place in 12 of Iraq's 18 governorates. Elections didn't take place in the 3 governorates forming the Kurdistan Region or Kirkuk, Anbar, or Ninevah, meaning that a total of 378 provincial council seats were up for election.
The Iraqi government later decided on 19 March to delay the elections in the governorates of Anbar and Nineveh due to ongoing instability caused by the insurgency and the ongoing protests, prompting criticism from Muqtada al-Sadr and John Kerry. Elections for Anbar and Nineveh were held on 20 June.
So the Provincial elections are concluded. Now you know the terminology and can challenge these gurus when they try to confuse you their nonsense.
What parties are running in the elections?Iraq's Independent High Electoral Commission approved 276 political entities to run in the elections. Political entities appear on the ballot as part of a "coalition" (kutla) and under the constitution of Iraq the head of the largest coalition has the first call to become Prime Minister. However, in a precedent set following the 2010 election, a revised coalition can be formed following the election. This reduces the incentive for parties to form coalitions prior to the election.
The largest parties on the approved list include the Prime Minister's State of Law Coalition, the Sadrist Movement (Ahrar), the Kurdistan Democratic Party and the Iraqi National Accord. Significant new parties include the former militant group Asa'ib Ahl al-Haq and the White Iraqiya Bloc, which split from the Iraqi National Accord.
Iraq’s election season has now begun and should have no impact on the RV process.Summary
So there you have it. The table had been set, the guests have arrived. We are just waiting now for the host to announce that dinner is being served so we can all participate in this long awaited feast. Yes- we are all so very hungry for so long!
I have tried to give a quick and brief overview of events that effected the revaluation of the Iraq dinar over the last 3 years. I know it is stressful but we are coming to an end to this process very soon.
I know the process fairly well but still they throw in monkey wrenches when we least expect it. By knowing these events and witnessing the pressure points we can now all see just how close we are.
Currently I am hearing the IMF is waiting for the CBI to make the announcement.They have had recent meetings with the CBI and gave the green light to go ahead. They too have recommended the CBI go forward and complete the process.
However the CBI works for the country of Iraq and after all the country has been through with the war and political strife, they are being allowed to complete the process to own their needs and satisfaction. I am also hearing the IMF is allowing a time frame and will not allow this go much beyond the new target date.
As I said before I believe we will first see the announcement as it shows up on the new CBI web page. At this time or consecutively will be activated at the banks worldwide and the new rates will show up in the exchanges.
Will they only RV the IQD and VND? I am hearing all 190+ currencies are still set to go soon and together.
Peace and Luv To Ya.
From this date forward penalties are being paid out on these contracts since the formal announcement has not yet been made. This also allowed for much corruption. Whether this was planned all along or just decided afterwards I do not know.
But the RV’d rate was essentially now from the public yet those of influence in the government were allowed early exchanges by political politicians and their influential friends and family members.
They consumed much of the high contract rates not allowing much left over for the general public to participate, who were the intended participants all along for these the contract rates.
These early exchanges ended in late December 2013. It was thought that now the general public would now exchange.
However in January 2014, once again only the already wealthy could participate. The UST was accused of corruption once again by allowing these rates go live at special times of the day for these bank customers.
The finger pointed began and they only pointed back at the banks as the problem. This practice was finally stopped in mid February, after almost a month of feasting on the high contract rates once again this depleting the rate bucket even more from the general public, the intended recipients. It was stopped only after much pressure from the general public.
It now stands that the general public will now at least have an opportunity to exchange also at these high contract rates.
What money is left in the buckets?How many of us general public will actually be able to exchange before the rate is depleted since most of the funding on the contracts has already been consumed?
The next question is how long must we (the general public) now wait before we may also exchange since the very wealthy have already had their share. The longer they wait the more impatient and frustrated we all become. This is like a boiling pot of stew. Since it is covered up now how long before the pot boils over?
Other recent developments for this RV processThere was an Article IV meeting in Jordan mid last month (in March). I have heard the IMF gave the green light to go ahead with their currency reform project and release the new rate.
The question is will they release it before or after the elections?The CBI announced in an article last fall that we would see the RV take place prior to June 2014. If they do not do it very soon there are yet other complications to occur thus making a mess again for this RV process. I have talked above about some of this past and upcoming issues.
All my sources are all saying that all they are waiting for is to see the new rate released by the CBI.. That’s all. And while no one knows the date….all are agreeing it’s very close.The public in Iraq have once again been notified of the pending international currency. They told their people weeks ago they would see a drastic change in the economy come April 1st. Here we sit April 3rd. So what happened? They are that close!
New Iraqi Currency MachinesA couple months ago an article was published that stated Iraq banks need better ways of detecting currency fraud and quickly counting money. As we know they already tried to disperse the lower denoms and they were recalled cause the announcement never happened.
In this process they discovered that it was difficult to disperse the new currency and wanted to eliminate the long lines at the banks. At this time they contracted to buy a series of these sophisticated currency machines. Now I am telling you these machines have arrived. They will be used to expedite the rollout of the lower denoms to the general public.
2014 BudgetLet me also say once again that it’s not this foolish notion of the Iraq budget holding up the RV announcement but rather the CBI and only the CBI. The budget delays are because the currency must revalue first prior to any budget approval and implementation.
Once again will say I know for fact the budget in reality is done and already ratified. So once again this 2014 budget it not the holdup but a stalling tactic. The budget it controlled by the GOI and the CBI controls the money to support the budget. Two separate entities and two separate functions.
Budget second reading on Tuesday 4/1? Why did it not happen? Now news that it is once again postponed until Thursday 4/3? As long as we do not see the RV announcement they will continue to stall on this last budget reading. You many also see Thursday’s reading postponed.
Iraqi Elections (FYI)Let me clarify when the types and time frames of the elections held in Iraq. There seems to be much confusion and I can’t understand why. It is public information.
I listen to many intel calls and I hardly believe what I am hearing for timeframes of this process. How can we trust their intel when they can’t even get the elections timeframe accurate? Something as simple as this! We must then ask ourselves this question– Do they also just make up the rest of their intel too? So let me set this straight.
There are only 2 election cycles in Iraq:Parliamentary (or National ) elections are scheduled to be held in Iraq on 30 April 2014, however the voting usually begins in mid April since each of the provinces have varying voting time frames. The final conclusions for these top positions should be made around 30 April.
These elections will decide the 328 members of the Council of Representatives who will in turn elect the Iraqi President and Prime Minister.
You may also hear the term National elections which is the same as Parliamentary elections.
2) Provincial (or Governorate) elections were held in Iraq on 20 April 2013, to replace the local councils in the governorates of Iraq that were elected in the Iraqi governorate elections of 2009. Elections took place in 12 of Iraq's 18 governorates. Elections didn't take place in the 3 governorates forming the Kurdistan Region or Kirkuk, Anbar, or Ninevah, meaning that a total of 378 provincial council seats were up for election.
The Iraqi government later decided on 19 March to delay the elections in the governorates of Anbar and Nineveh due to ongoing instability caused by the insurgency and the ongoing protests, prompting criticism from Muqtada al-Sadr and John Kerry. Elections for Anbar and Nineveh were held on 20 June.
So the Provincial elections are concluded. Now you know the terminology and can challenge these gurus when they try to confuse you their nonsense.
What parties are running in the elections?Iraq's Independent High Electoral Commission approved 276 political entities to run in the elections. Political entities appear on the ballot as part of a "coalition" (kutla) and under the constitution of Iraq the head of the largest coalition has the first call to become Prime Minister. However, in a precedent set following the 2010 election, a revised coalition can be formed following the election. This reduces the incentive for parties to form coalitions prior to the election.
The largest parties on the approved list include the Prime Minister's State of Law Coalition, the Sadrist Movement (Ahrar), the Kurdistan Democratic Party and the Iraqi National Accord. Significant new parties include the former militant group Asa'ib Ahl al-Haq and the White Iraqiya Bloc, which split from the Iraqi National Accord.
Iraq’s election season has now begun and should have no impact on the RV process.Summary
So there you have it. The table had been set, the guests have arrived. We are just waiting now for the host to announce that dinner is being served so we can all participate in this long awaited feast. Yes- we are all so very hungry for so long!
I have tried to give a quick and brief overview of events that effected the revaluation of the Iraq dinar over the last 3 years. I know it is stressful but we are coming to an end to this process very soon.
I know the process fairly well but still they throw in monkey wrenches when we least expect it. By knowing these events and witnessing the pressure points we can now all see just how close we are.
Currently I am hearing the IMF is waiting for the CBI to make the announcement.They have had recent meetings with the CBI and gave the green light to go ahead. They too have recommended the CBI go forward and complete the process.
However the CBI works for the country of Iraq and after all the country has been through with the war and political strife, they are being allowed to complete the process to own their needs and satisfaction. I am also hearing the IMF is allowing a time frame and will not allow this go much beyond the new target date.
As I said before I believe we will first see the announcement as it shows up on the new CBI web page. At this time or consecutively will be activated at the banks worldwide and the new rates will show up in the exchanges.
Will they only RV the IQD and VND? I am hearing all 190+ currencies are still set to go soon and together.
Peace and Luv To Ya.
