Tuesday, December 18, 2018

DAVE SCHMIDT: Brief Update on the Currency Exchange, 19 DEC

Dear Friends, 
This week's message will be brief.  There has been some very good movement regarding the currency exchange.  We are beginning to see the bigger picture of the logistics involved to release the funds to those in round 1.  

The process will require much more work than anticipated and will take some months to fulfill.  Anticipate that new paper work and security clearances will be required from everyone with  no exceptions before funds are released.  

Please do not ask me details at this time.  I will ask for that info in the future and we will cross that bridge when we get there.  Do not send me any of your personal info at this time.  We will have explicit instructions when it is time to proceed.

I am not at liberty to give any dates, rates, names or details at this time other than to say we are being told the process will start mid next month.  
There has been a great amount of security work put in place to make this process safe for all of us.  This has not come without strong opposition.  Some people I am familiar with have had deep threats to their safety and that is why we have had to remain quiet.  I will give updates when it is safe and I am allowed to do so.  

As we enter the holidays for the next few weeks, I will not be putting out a newsletter until after the first of the new year.

So, have a very Merry Christmas and New Year and hopefully we will have some very good and more detailed news.   

Upcoming workshops to be scheduled, see the website for prospective dates;  Baltimore, MD, San Juan, Puerto Rico, St. Louis, MO, Santa Ana, CA, Charlotte, NC, Sedona, AZ, 



JJonesMX » December 17th, 2018

Monday, December 17, 2018

Iraq-Iran negotiations on adopting local currencies

Tehran/ Iraq TradeLink: Negotiations are under way between the Central Bank of Iraq and the Iranian

Central Bank to put the final touches to start official arrangements to use local currencies in trade between the two countries.

Chairman of the Iranian-Iraqi Chamber of Commerce Yehya al- Is-haq stated that the Iranian exports in 8 months of this year was equivalent to the exports of the whole last year, which reached to 8 billion dollars.

If the agreement is finalized, both countries can open LCs to each other.

The current payments are done through exchange offices and limited number of banks, Is-had added.


LarryH » December 17th, 2018

This is saying using local currency. Which means RI IMO. FINISHING THE LAST TOUCHES.

LyndeeandMadee » December 17th, 2018

I hope they actually show the world that this is happening.

MilitiaMan » December 17th, 2018

Also earlier article shows Saudi Arabia talking trade exchange.. ~ MM

Don961 » December 17th, 2018

A credit account in riyal and dinar between Iraq and Iran

December 17, 2018

TEHRAN, Dec. 17 (Xinhuanet) - President of the Joint Iranian-Iraqi Chamber of Commerce Yahya Al-Ishaq announced on Monday the finalization of the opening of credit between the two countries' banks through the use of the Iranian riyal and the Iraqi dinar instead of the dollar.

The agreement between the two countries will enable the banks of the two countries to open documentary credit to each other and that the financial transactions of the traders of the two countries are currently through banking and a limited number of banks, which means that this agreement will allow the expansion of financial transactions between Iraq and Iran link

MilitiaMan » December 17th, 2018

This is a good one Don961.. I have a feeling you know that.. Thank you for your hard work! lol

I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. 

A letter of credit is commonly for International Trade between parties. It is serious business. They are often used Go figure the timing of it too. ~ IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too.

By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo.. ~ MM

"Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own.

Citibank’s letters of credit help exporters minimize the importer’s country risk and the issuing bank’s commercial credit risk. Letters of credit are typically provided within two business days, guaranteeing payment by the confirming Citibank branch.

This benefit is especially valuable when a client is located in a potentially unstable economic environment"


Samson » December 17th, 2018

Iran sees the world heading for "renunciation" of the dollar 

17th December, 2018

Iranian foreign ministry spokesman Bahram Qasimi said Monday that the call for the replacement of local currencies instead of the dollar has become an international and regional call.

"Many countries in the region and the world are calling for monetary exchange in local currencies as a result of the obstacles that the US is putting in using the dollar," Qassimi said at his weekly press conference.

"We will not stand idly by in return for the heavy pressure exerted by the US Treasury Department on companies and countries to stop cooperating with us," he said.

"The European exchange mechanism with Iran is not limited to food and medicine, but includes other fields," the foreign ministry spokesman said. LINK


(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not be accurate. Other confirmed sources may also be included in this overview.)

Central Banks and Nations worldwide are being forced to accept the new Quantum Financial System (QFS).

The old fiat financial system is dead and being drained of all liquidity.

According to sources, there is a strong effort to begin the private currency redemption event before the end of the year.

There is also a strong effort to solve all remaining GESARA compliance issues before January 2019.

This would align with rumors of the mass unsealing of indictments and military tribunals in early January.

Zimbabwe is now ready to publicly announce their gold-backed currency and China has been ready since March of this year.

Both nations have threatened to announce their gold-backed currency multiple times in the past in order to speed up the transitional process.

The U.S. gold-backed currency (USN) is also ready to be announced.

The current significant geopolitical events to monitor is the US-China Trade War, Brexit, and the Federal Reserve Bank rate hike.

These geopolitical events all play a role in the transitional process toward GESARA.

The Cabal currently have an option to surrender and let the transition begin or be wiped off the face of the Earth.


(Cliff Notes by Sunny)

Replay: 641.715.0623, PIN CODE 409029#


Ray: . . .No updates . . . 

Tony: Goooooooooood Afternoon, TNT! Here we are, better late than never. We are only scheduled for an hour. So, we were trying to wait to see if anything happenned. Any really, really good updates to give you guys. 

Absolutely nothing (happened) at the banks (over the weekend). Are they till waiting? Yes! Are we still anticipating people doing what they say they are going to do? Yes! Is all of Iraq still looking for them to vote on the Ministers tomorrow and finally get this over with? Yeah, that’s what they are looking for, hoping for. It’s the only thing CBI and anybody else is waiting for is for them to finally get these eight (8) out of the way. Now everybody thought it was going to happen last week. It’s why we got our 95%, our 100%, because again they are counting on them doing it when they say they’re going to do it. Didn’t happen! 

What did happen is Article 140 went through. Article 140 had nothing to do with CBI! It had everything to do with Kurd’s, Iraq and the country itself. The Kurd’s did get paid on Saturday. It’s on TV in Iraq today. . . It said exactly on TV about the Kurd’s, “The Kurd’s were paid huge amounts of back pay and remaining will be on payment plan.” I can tell you from someone who got paid on his card was paid over three million USD on his card. I changed the numbers. He got paid more than that. The minimum they are getting paid in the Kurdistan region is one million USD on their cards. The rest will be paid out in payments. He said, that pays for the last couple of years that they were owed and the rest will be paid in payments. Everybody should know it. It’s in their news, on their TV and they are saying they got paid a “huge” amount. A million dollars is a huge amount! He got more than three times that. The same guy that keeps telling us, “It’s done, It’s over your going to see it.” The only thing he said, “You know we do everything before Baghdad, so in a couple of days your going to see what happens in Baghdad!” And that’s what we’re waiting – to see what happens in Baghdad. 

Again, their part went through. Do the Presidents meet tonight? They said they are going to meet tonight. That would be the three Presidents and Mahdi. They said they were going to resolve the issue of Defense and Interior. The others are already resolved. If they do, they are going to vote tomorrow. The Kurd’s have said they are going to boycott the vote tomorrow if it does include the same names it did yesterday. It’s not going to go through unless the names are changed. The only one really fighting for change – Sadr wants to make sure Maliki does not get a position and they do not like the name that was submitted for Defense or Interior Minister. 

Were waiting for things to progress a little further as far as the Kurd’s were concerned. Thinking this thing should pop out any time. 

CURRENT WINDOW: Tony: Over their they thought it would happen by this weekend, but they didn’t do what they were supposed to. . . With the Kurd’s getting paid, $1 to $4 to 5 million USD. . . Ministers to meet tonight. If they vote all done, money flowing. . . Hearing they are not going to take the vote. If they don’t, nothing changes and drags it out another week. . .(Kurd’s) Paid on their Qe cards in the equivalent of USD. 

Tony: I got two verification’s of the Kurd’s getting the money. I think we’re going to see it here real quick. 

IRAQ: Article 140 went through this weekend. Kurd’s were paid back funds for the last couple of years. 

Kurd’s got paid on their cards on Saturday and reported receiving $1 to 5 million USD. One million is the minimum to be paid to a citizen. It’s in the news, on TV they said, “The Kurd’s were paid huge amounts of back pay . . .” Balance they are owed is to be paid in payments. Tony: Paid on their Qe cards in the equivalent of USD. 

Parliament: Presidents to meet tonight with Mahdi to settle the issue of the Defense and Interior Ministers. Kurd’s saying if their is a different name presented to Parliament they will boycott. Tony: Hearing they are not going to take the vote. If they don’t, nothing changes and drags it out another week. 

Media: reporting the Kurd’s were paid “huge amounts” for the last couple years. 

Tony’s Contact: Tony: Telling us it’s done, it’s over and your going to see it . . .in a couple of days in Baghdad! 


Currencies: No rates given on the call. 


Banks: Banks still have the funds (monies) they brought in over a month ago, so they could pay out large cash sums to those who want it when they exchange. The banks are on alert but not on restricted movement alert. 

Taxes: No change in the previous information that it will be a non-taxable event. 

800 #’s: No release of the numbers or information regarding their release. 

EXCHANGING: Only dinar is being exchanged at this time and that is the currency where they are finding counterfeit bills. 

Bank Story: Tony said, he knew of one person they wanted to charge 2% to exchange and he refused and did his exchange for no fee. 

Contract rate: No minimum required to get the contract rate. 

ZIM Information: Q. Do we have to exchange the ZIM by Dec. 22nd deadline? Tony: No, I have not heard that. Not from bank or committee. Where did that date come from? 
Is it an indicator the Zimbabwe is about to go because China will print their new currency? Tony: Yes, China, Russia and the US are all vying to control Zimbabwe and Africa as a whole. China wants to use the Juan as a global currency. Zimbabwe saying this morning they will have a full recovery. . .Could be months, years down the road before China does that. 

Q & A: TNT Forum 
– Do you have anything to confirm the fight for the minister of Interior is over? That the vote has already taken place? Tony: I don’t know. I want to say it is. I gave you the latest that Kurdistan said if his name is still in there they are not going to do it. Maliki, Fayad and Amiri are saying it’s up to Mahdi whose name he puts up. But they are saying that’s the name Mahdi wants to put up. Probably not the name he wants to put up but he’s being pressured. No, I don’t know until they actually do it as we’ve seen that before. The article today say the Presidents going to meet tonight. Trying to make it into smaller groups so they can make some agreements with not so many people in the room and then go and vote. Again the Kurd’s say if his name (Fayad) is on the list they are going to boycott the vote. 

Q & A: Callers 
– What address should I use for a DBA? Ray: Home address 


Tony . . . On Twitter, go and look for yourselves, we have 138,000 followers. . . 

All right guys, it is what it is. It’s a good day. All we know is the Kurd’s got paid. The Kurd’s got paid a lot of money. It was more than at the 1190 rate. We said there was no way he was owed that much money at that rate. The equivalent of $4 or 5 million US Dollars. There was no way, that everybody there, get at least a million dollars, based on what they got, so it’s going to be a good day 

And if Kurdistan is spending that kind of money, it is not going to be long before the rest of the country wants to spend that same kind of money. They will see that on their card too. 

So, I’m looking to see what happens at the meeting tonight and if it’s good or what at the meeting last night cause it’s already over. See if there is a vote tomorrow so we can go about our own business and celebrate our own Christmas. 

If we get the information later today I’ll send it out. If the vote goes through we will send it out. If not we’ll do it as soon as we find out tomorrow. Anything else Ray will put in a blast. Right Ray? 

Ray . . . That’s right. That will take us out of Monday. Enjoy your Tuesday. We’ll be back Wednesday if nothing to share exciting before the. (played “I Believe.” 

Tony: Did I tell you guys I loved this call? I loved this call! 







A couple days ago TNT reported celebrations all over Iraq.....  and now this!  LMAO




Assistant Professor Dr. Safwan Qusay Abdul Halim, said that the current economic situation does not allow the implementation of the project to delete zeros from the currency, attributed to the unstable conditions in the Middle East and the possibility of the existence of illegal local currencies looking for a way to enter the domestic banking system.

Abdul-Halim said in a statement to the Iraqi National News Agency "Nina" The Iraqi Central Bank is trying to restore confidence in the Iraqi currency and enter into the international currency market and facilitate the task of calculations by deleting zeros, and pointed out that the project can cause confusion in monetary policy and the value of the Iraqi dinar.
Therefore, the procedure to delete zeros is a correct measure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degree of control was the governor of the Central Bank

Ali Alaq announced earlier in a press statement that currencies of small categories may prompt citizens to bid farewell to banks for difficulty to store As the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros.



DELTA:  FYI.......... OLD FROM....... 21 February 2012

CBI denies deleting zeros from local currency

BAGHDAD: Deputy governor of the Central Bank of Iraq denied the appearance of Mohammed Saleh, the central bank action to delete zeros from the local currency dinar in May.

"What the media reported about the start of zeros in May is out of the question," Mazhar told reporters today. "Such a procedure starts at the beginning of the new fiscal year, not in the middle of it.

He added that the central bank will start on Wednesday with new measures to provide banks with a rate of interest on the price of foreign currency for sale does not exceed (10 dinars), as the Central Bank sells the dollar to banks at (1179) dinars, and should not be sold For citizens of more than a price (1189) dinars.

He pointed out that in the event of banks breaking the new instructions will be withdrawn license to deal in the market of auctions of the Central Bank of Foreign Currency.

The Iraqi official stressed that this action was to prevent the monopoly of banks, which is inconsistent with the policies of the Central Bank, which provides for the non-exploitation of citizens, raising interest rates to degrees affecting the exchange rate of foreign currency in the domestic market

GreenClan:  THANKS DELTA>....great blast from two pasts......SO 1/1/2019 **** i see Stars and an RV coming our way.

MarkPam:  Thank you Delta! IMO, theoreticaly what you may be forecasting is the imminent announcement of Article 2 informing the citizens that effective in the new calendar year the CBI will be reinstating their currency internationally and informing them of their new purchasing power.  If this theory proves out, then they should be announcing something very soon, in writing, to the citizens of Iraq as the new year approaches per your article above.  This also may coincide with our leaders red suit announcement in last nights cc!!. Again, IMO.  Thank you!!



Don961:  Suron reveals the scenes of today's session and confirms: Quorum is complete

06:53 - 18/12/2018
Special - balance News

revealed alliance moving , led by Moqtada al - Sadr, on Tuesday, about the scenes of today 's meeting , which saw the granting of confidence to three ministers, while noting that the quorum for the session during the vote on the cabinet was complete.

The MP for the alliance Bader Sayegh in an interview for / Mawazin News / "Before the meeting tried to gather deputies in the hall, but failed to complete the quorum for the meeting, after the gathering of 146 deputies only, and then political agreements were entered to enter the reform alliance MPs and become the number 266 deputies "He said.

He added that "after the quorum of the House of Representatives began to give confidence to the candidates for ministries of planning and higher education and culture and rejected the candidate of the Ministry of Education, which received only 90 votes and candidate Ministry of Immigration, which did not get the votes required."

He pointed out that "the talk of some deputies that the quorum of the meeting during the vote on the candidates is incomplete and unfounded health and the meeting was full quorum," noting that "the method of counting votes may be incorrect because of the adoption of manual counting, even if paper or electronic was better" .

The House of Representatives voted earlier in the day, to give confidence to three Zrae.anthy 29 / h is    link
Samson:  In the document .. a parliamentary request to dismiss absentee and absentee MPs
 2018/12/18 12:29

Demanded a deputy for the block Sawson, the presidency of the parliament to dismiss deputies who exceeded their absence one-third of the sessions of the first legislative term and those who failed to perform the constitutional oath.
The request for legal action against the deputies who have not held the constitutional oath until now and we are about to complete the first legislative term and where Article 11 of the Law of the House of Representatives No. 13 of 2018 states:

Third: The Council to dismiss the MP if it exceeded his absence Without a legitimate excuse more than one-third of the sessions of the Council in the Legislative Chapter One
Fourth: The failure of the MP to perform the constitutional oath without a legitimate excuse in absentia to attend the meeting

He pointed to the fact that "some of the deputies received executive positions is an overlap between the legislative authority and the Executive Authority And therefore please approach the Independent High Electoral Commission to provide the Council with the names of their deputies, in accordance with the law of elections of the House of Representatives.

The parliamentary chamber in the House of Representatives, announced on Monday, the names of eight of the winners of the winners who did not take the oath of office until the session on the sixth of January, they are:

1. Asaad Abdul Amir Abdul Ghaffar Tohma (Al-Eidani) (governor of Basra).

2. Hussein Jassim Nasser Hussein.

3. Haidar Jawad Kazem Al-Abbadi.

4. Rakan Saeed Ali Radwan.

5. Abdul Hussain Abdul Rida Baqir Mohammed.

6. Atwan Sayed Hassan Thamer.

7. Qasim Mohammed Jalal Hussein.

8. Nuri Kamel Mohammed Hassan (Maliki).

Don961:  Washington announces the presence of five thousand US troops in Iraq

- 3 Hours ago

The US Embassy in Baghdad issued a new security alert for its citizens, the second in a few days, coinciding with the opening of the fortified Green Zone in central Baghdad. The International Coalition revealed the presence of more than 5,000 US troops on Iraqi soil.

"US forces on Iraqi soil number 5,200 and can not be disclosed for security reasons," said Ryan Ryan, a spokesman for the International Alliance, during a meeting in the Joint Operations Command. "Coalition forces are studying with all the forces under The Iraqi government is the extent to deal with the popular crowd and who are the forces that must be trained ».

"With the limited opening of the Green Zone in Baghdad, security protocols similar to those used throughout Baghdad were launched during working hours in that area," the US embassy in Baghdad said. The embassy identified three routes as measures to be taken: On the perimeter of the presence as well as be careful while crossing the International Green Zone ».

This is the second warning issued by the US Embassy in Baghdad, issued on the tenth of this month a security warning about the upcoming celebrations in the Iraqi capital on the occasion of the first anniversary of victory on the «urging», calling on its citizens not to travel to Iraq.

In addition, the leadership of the federal police forces to lift a number of controls and associations and the opening of a number of roads closed downtown Baghdad, within the plan said to aim to abolish the militarization of the capital and reduce traffic jams.

On the other hand, the commander of the Iraqi army aircraft, Hamid al-Maliki, the killing of elements of «da'ash» targeting what he described as an initial movement in a location in the province of Salah al-Din, said Maliki in a statement: «Through the Air Force flights continued to ensure air coverage of the operations, Armed with the remnants of gangs of an advocate, trying to dig a trench to reach another area near the units in the area confined to the village of knee, the movement of the first gangs in this place ».

He added that «Air Force managed to kill two gunmen in that area if they were identified within the command of Salahaddin operations».

The Security Information Center said in a statement that «a force from the National Security in the province of Salah al-Din has been able to arrest three defendants in the district of Hawija, issued a court warrants for belonging to gangs called in the so-called exercises».   link


Larrykn   gm everyone :)

larrykn   Parliament to vote on remaining ministerial portfolios on Tuesday: M


 Futuremoney   larrykn I bet ten to one the meeting is postponed

larrykn   futuremoney they might vote on some of them but the two big post I bet your right

futuremoney   only 8 months since the election and no gov yet...pretty soon it will be time for elections again

futuremoney    paaaaaaaaaa-thetic
​larrykn   we will see real soon what they will do that is for sure, lots of pressure on them right now to get it done

larry   knno govenment nothing gets done and the people are tired of all of it

futuremoney   but yet the MP's are getting paid!!!

futuremoney   for doing squat...

larrykn   It thought they pasted a law that if they didn't show up no pay

futuremoney   show up to parliament...doesn't mean anything gets one

futuremoney   done^

larrykn   you mean just like our govenment lol

futuremoney   yup
futuremoney   no wonder this rv hasn't happened...the imf and UN have their hands tied cuz these people are idiots

larrykn   I truly believe the holdup is Iran, get rid of that influence and we might see something, I think that is where the battle is

futuremoney   if that's true...then we need to get off this ride now

futuremoney   cuz that is never gonna happen

larrykn   I think it will the people are tired of it now, things have to change or they will overthrow the govenment, that would be bad for everyone

futuremoney   I think it would benefit...altho it may prolong our stay here

larrykn   you see that in Basra and other places

spankie   close to getting a real gov but so much strife , could easily slide back to a totalitarian regime gov, Iran has to go- hope our gov nixes any trade w iraq iran

Chattels   The House of Representatives holds its meeting under the chairmanship of Halbusi and the presence of 261 deputies

Tuesday, December 18, 2018, LINK  
 chattels   Parliament votes on Nuri al-Dulaimi as minister of planning, Qusay al-Suhail as minister of education, and Abdulamir al-Hamdani as minister of culture.


chattels   The House of Representatives raises its meeting to next Thursday

Tuesday 18 December   Alsumaria News / Baghdad

A parliamentary source said in an interview for Alsumaria News, "The House of Representatives decided to raise its meeting held today to Thursday.

On Tuesday, the House of Representatives held its 19th session under the chairmanship of its chairman, Mohamed Halboussi.

The presence of 261 deputies, the vote of Abdulamir al-Hamdani, Minister of Culture, Nouri al-Dulaimi, Minister of Planning and Qusay al-Suhail, minister of higher education.


chattels   Iraq’s political deadlock grinds on as ministerial posts remain unfilled By Rudaw http://www.rudaw.net/english/middleeast/iraq/18122018

​​chattels   ERBIL, Kurdistan Region – Iraq’s parliament is finally voting on the eight unfilled cabinet posts in a session on Tuesday. They are expected to approve at least five of the nominees.

Lawmakers have approved three ministers: Nuri Dlaimi, minister of planning, Qusay Suhail, minister of higher education, and Ali Hamdani, minister of culture.

They could vote on another two posts. However, the deadlock over which faction will take the contested ministries of the interior, defense, and justice is expected to grind on.
chattels   The dynamics attendant to the Ministry of Interior and Defense are well known; however, "

The final sticking point is parliament’s choice of candidate to head the ministry of justice.

The Patriotic Union of Kurdistan (PUK) is insisting on its nominee Khalid Shuwani. However, Prime Minister Abdul-Mahdi has nominated Judge Dara Nouradin, an independent Kurd.

Nouradin has the support of the Kurdistan Democratic Party (KDP) and other Kurdish parties.

If their candidate does not secure the nomination, the PUK has threatened to boycott the parliamentary session, according to Rebwar Taha, one of the party’s MPs in Baghdad. As a relatively small party in the Iraqi parliament, such a boycott will not necessarily leave the house short of quorum."

Zig   Michael Kaperoni @kaperoni......Yesterday.....Tweets.....

"Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy...That is how market forces work...Gurus keep talking about some re-instatement of the dinar...Not happening...No such thing... It's Guru nonsense...

If we're lucky the Dinar may appreciate gradually over time to a level we all like...Stick to facts, truth.... Gurus talk about some overnight event all the time to pump dinar sales...There is no "RV" or "RI"...

Currencies just don't work that way...A central bank uses its tools to manage monetary policy based upon effects in the marketplace... An example would be raising the value to counter inflation...

Iraq currently has very low inflation, less than 3%...If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value... We can only hope."

"Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy...

​Dave   thought the 2 go hand in hand
Dave   countries with booming economies do not currencies worth little more than toiletpaper
Dave   ..if it costs 3-4 cents to print each note now dropping 3 zeros would mean it would cost CBI 1000% more........just can not wrap my head around that happening without increasing the purchasing power of the dinar accordingly

Doug_W   Dave that seems very logical to me

Dave   how hard is that to grasp?

Dave   1000 dinars to purchase that coke.......30-40 dollars in printing costs alone......very logical aint it

Dave   but but ...but ...thats what Germany and Romania Mexico....did.....
Dave   so ergo...........

Zig   Hey, my buddy Sam is here!!

Sam I Am   I agree with Kap on a few things. There's no RI or big RV coming. There might be a small RV of a few %, but even that is unlikely IMO.

I also agree that Iraq's inflation is low, which is the main reason I don't foresee any RV in the near future, because the only reason they would raise the value is to combat inflation.

But he's wrong on any free float scenario. Iraq will maintain its policy of a pegged currency under a managed float. Look for a devaluation in 2019.

Zig   Sam I Am : Wouldn't a large investment influx cause inflation/pressure on the Dinar, as Kap suggests?

Sam I Am   Zig Assuming that there's any reason for an investment influx, Kap might be right. But inflation would have to be over 10% to trigger any revaluation IMO. At any rate (no pun intended) such a scenario would only bring a small RV of less than 20%.



Iobey777:  WOW!! So many GREAT articles today! ALL telling us that they are DONE!! IMO....the way I see this ...is that they have completed their Economic Reform in 2018 and are preparing to IMPLEMENT  it starting in January!!

 This would ring true for Frank, teams and Iraq who said it would be DONE in 2018!!
This is all IMO, of course,in following the Turk plan, we see the steps they have taken and are now ready to IMPLEMENT!!

So exciting to see the articles from DELTA this morning!! I just can't get that Blue----to---Red change last night!!

IMO..  Blue means news and RED means High alert...So I'm thinking Frank got some news which put him on high alert!!

I'm feeling like that UNSTOPPABLE locomotive is about to come to a complete STOP on January 1!

But..only time will tell!! It may take them a day or two after the first...but ALL the articles are saying they are about to FINISH this MR and show us their new RATE!!

Staying close to the Father and sending PRAISES right now for every blessing!!


Walkingstick:  A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only...  A factor,  that certainly ...does not, apply to Iraq.

The redenomination may also be employed for decimalisation and the adoption of a new currency..The latter, applying to Iraq...

Nor, is the introduction/ adoption of a RD restricted to a new fiscal year.. It may, and has been employed .. year ending, mid year and the beginning of a new year...

One of,  many factors... a country , may opt for.. when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...


Don961:  Abdulmahdi: Thursday's session will witness the completion of the names of candidates for the remaining ministries

07:30 - 18/12/2018

 Baghdad - Mawazin News

Prime Minister Adel Abdul-Mahdi, on Tuesday, that the meeting of the Council of Representatives scheduled to be held next Thursday will witness the completion of the ministerial cabin.

"The Thursday session will witness the submission of new names to the remaining ministries," Abdulmahdi said at a weekly conference attended by Mawazin News. "The current government is less partisan than its predecessor."

He added: "I will change the names of candidates for ministries in the event of the cost of political blocs."

The House of Representatives voted earlier in the day to grant confidence to the ministers of planning, higher education and culture, while rejecting two candidates for the ministries of education and immigration.   like
Don961:  Barham Saleh considers Iraq an attractive arena for foreign investment

The Iraqi president says that his country is rich in its resources and human capabilities and needs to establish the foundations of real partnership with the rest of the world to promote economic reality.

Tuesday, 2018/12/18

An explicit call for investment in Iraq

 German Foreign Minister stresses the keenness of his government to provide support and support for Iraq in all fields

BAGHDAD - Iraqi President Barham Saleh said on Tuesday that his country has become a magnet for foreign companies and investments.

During his meeting with German Foreign Minister Haiku Mas in Baghdad, Saleh said that Iraq is rich in "resources and human capabilities, and needs to establish the foundations of real partnership with the rest of the world to promote the economic reality of the country."

Saleh explained that Iraq "is now an attractive arena for foreign companies and investments, especially after achieving the final victory over the gangs, and its security stability and political openness to its regional and international environment," according to a statement issued by the Iraqi presidency.

Iraq fought a crushing war against "Da'sh" over a period of three years (2014-2017), which ended with the defeat of the latter and the loss of the entire territory it controlled, which was estimated at one-third of the country's territory.

Earlier this year, Iraq decided to grant facilities to foreigners wishing to invest in the country,including granting them immediate and free visas.

In March 2018, according to a study by Iraqi and international experts, the Iraqi government estimated the actual need for the reconstruction of the country at $ 88.2 billion over 10 years.

According to the Iraqi Ministry of Immigration, 5.5 million Iraqis were displaced from northern and western provinces after a major offensive in June 2014, of which about 3.1 million returned to their liberated areas.

The German Foreign Minister stressed the keenness of the Government of his country to provide support and support for Iraq in all fields, and its earnest desire to work to consolidate the foundations of friendship and mutual cooperation, according to the statement.   link

Dan:  All these companies and countries at the ready...like sharks with the taste of blood in the water...feeding frenzy about to begin with an announcement on the way...imo



Tishwash:  Abadi warns of 3 challenges facing Iraq and confirms: We will work the government of Abdul Mahdi

The former Prime Minister, the leader of the victory coalition, Haider al-Abadi, warned on Tuesday (December 18, 2018) of the three challenges facing Iraq, while he indicated that he .will be a supporter of the government of his successor Adel Abdul Mahdi

Abadi stressed during his meeting with a group of media and analysts at the Iraqi Center for Media Development, according to a statement of his media office stressed: "The importance of the Iraqi national decision and rejection of dictates and pressures and external interventions."

He stressed: "We are with balanced relations and good with countries away ".from interference in the Iraqi issue He pointed to "the seriousness of these interventions, which reached a trend that can not be ".tolerated Abadi pointed out that "there is a second challenge, the militarization of society," noting that "the citizen does not feel safe with the presence of irregular forces, as well as arms of ".individuals who are not from the security forces and this requires a clear leadership Abadi said, "The third challenge is the economic file, which needs to continue economic ".reform and remove the mafia of corruption and the economy

The stability of security in the country should not be reversed," he said. "The security" ".imbalance is not easily reformed He expressed his "hope for the success of the government," saying: "We will be supportive of them and at the same time we will turn to assess them for the benefit of the country and ".citizens      link