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Wednesday, November 4, 2015

DINAR IRAQ & DONG VIETNAM UPDATE, 4 NOV

Article quote: “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…” This ties in with the other recent article that stated that the CBI was going to go “on the attack” with respect to getting the dinar value raised. Now this article is saying that Abadi is behind the plan all the way. I won’t be surprised to see the dinar released to a float prior to the end of this year or early in the next.
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Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget… So how is that? And another Minister said that November is going to be a huge economic crisis month… From the outside looking in… it appears that they are setting up for something different then just salary cuts… the cuts are an adjustment to the lifting of the 3 zeros…and the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar…
[ya think early 2016?] IMO… BEFORE! They will need to open 2016 with the 3 zeros lifted. No money for the people and cut salaries…This is the defining moment! Either Abadi “flips the switch” per se’ and opens with some purchasing power to the currency…OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens… really is that simple!
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Article quote: “…al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone.” MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE. PARLIAMENT >>>VOTED<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION. ALWAYS REMEMBER THEY HAVE A CONSTITUTION THAT INTERNATIONAL AND FEDERAL LAW PROTECTS. THEY ARE JUST ASKING THAT IT COMPLIES WITH CONSTITUTION — UNDERSTANDABLE…VOTE DONE.
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Twilight News / Iraqi Foreign Minister Ibrahim al-Jaafari discussed during the receipt of a copy of the adoption of the non-resident Ambassador of Switzerland in Iraq Heinz Peter Lenz, Iraq’s frozen assets is scheduled to be launched.
According to a statement issued by al-Jaafari’s office, the latter recognizes During the meeting, which brought together the two sides discussed bilateral relations between the two countries and ways of developing them to serve the interests of the two friendly countries.
The statement added that he discussed the issue of Iraqi assets frozen in Switzerland, which is scheduled to be transferred to Iraq.
For his part, Heinz Peter Lenz Switzerland’s ambassador discussed his country’s readiness to support Iraq’s political security and provide more aid, stressing his country’s pro-Iraq stance in international forums, particularly in the fight against terrorists.

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