Iraqi Dinar Revaluation and Global Currency Reset News
~ Dinar Chronicles
"CBI: The use of electronic payment system for the settlement of the instruments between institutions"
the MOF was linked June 23rd, sweet! now they can implement the tariffs if they are ready and the CBI as well, global financial transactions etc... going global baby! *hallelujah*
[Help me out here if you could, one day Banking Institutions are leaving Iraq due to their concerns and fears, and now there going global...Confused?]
the only Bank to physically pull out of Iraq was HBSC, the others are merely protecting their staff during the security crisis, they are not closing their doors permanently.
I truly believe the economic and banking policies are going forward, this crisis has NOT stopped the CBI from going forward with reform at all!
Barazani and the Kurds are still a big part of the formation of the New Government of Iraq and as such Barzani continues to have meetings with other Iraq blocs to define the nominees for the three presidents...the Kurds have said that they want a clear nomination of all three presidencies before they attend the session and others have too. The National Alliance held a breakfast meeting today at the home of former Speaker of the House Osama Najafi's to nominate their new candidate for the Speaker of the Parliament.
...it is my opinion that "IF" there is a Parliament session tomorrow it will be adjourned because of lack of quorum. Not because they don't want to work; but because they may not be ready quite yet.
Either way we are getting closer everyday...
For 2 days we see articles and cbi announcements...The plan is in MOTION...No need to go through all this expense, time, compliance issues, bank capital requirements, money laundering and counterfeiting regulations, transparency regulations, basil 3 compliance and reserve increases....and on and on - we have reached the culmination of the monetary reform plan! Now by golly, governor turki, pull the cord!!
First and foremost the in country fighting is very real.
Getting together as a democracy is no small feat for this culture.
This is evident by Maliki not doing anything he has promised when it comes to the Sunnis and Kurds.
Even recently the US gave him a deadline to form a more inclusive government and that deadline came and went and Maliki has not delivered. We...have witnessed this for years now and our conclusion is Maliki will never yield.
Secondly, ISIS is not as strong as one may think.
The Sunnis and Kurds are so fed up with Maliki and the Shiites that ISIS was able to catalyze this issue and basically start a civil war fueled by many Sunnis that actually don't hold the extremest views of the hardcore ISIS members.
This obviously brings us to the state of the dinar.
As we have stated on numerous occasions it take a stable government and supporting laws to have a strong currency.
Based on this none of our expert contacts believe the CBI will take action any time soon. In fact most have already written off the rest of this year at a minimum. Simply put the political landscape is entirely to risky.
Most agree the CBI will have its work cut out to maintain current levels must less look for appreciation.
We report, you decide