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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Comments from my Kurdish friend to share but as always treat as rumor...
Exhausting negotiations going on between all parties to name all cabinet seats and looks like it will go down to the wire. Another hurdle is getting the necessary votes in parliament to approve all. Check back in my earlier posts where I indicated October/November timeframe for a stable & functioning government to be formed and this is still a realistic (but difficult) agenda to carry out. The wild card of influence to get a government formed is the USA and others who are demanding action be coupled with assistance.
Few rumors to dispel: Maliki is just hanging around as the "elder statesman".
He has no real might, influence or any political life left. Turki has not retired but it may be that he might if he is not in sync with Abadi and the new government's agenda once the new government is formed. They are not on the same page on all economic reform issues but that's nothing new in Iraqi politics. And the RV/RD/RI? Rumors saying that a contingent element of government formation is the RV. NO (says my friend) an emphatic NO! Word is Abadi won't even address economic reforms and relative pertinent issues of such till much later when he officially gets the job of PM.
...things are shaking up fast in Iraq right now and the news just keeps rolling in!
I think we're REAL close.
With any luck, you won't be hearing much more from me...GO RVVVVVV!
[Will they seat the new government soon?]
More than likely – give or take a day or two here or there – but they are headed the right direction (for now)…
[Will they RV their currency soon after?]
I know what the rumor mill is churning out. They very well may move on their currency immediately after seating the new government. Lord knows they need to. They are even in compliance with IMF guidelines now – so it is at least a realistic possibility (should they decide). However, is any of this a guarantee? No. Though, IMHO, I think the realistic chances are somewhere in the neighborhood of 70/30 to the good as a very short term outlook (once the new GOI is seated).
What I have said – and still stand by…is currency reform will again be a very public topic shortly (should they not handle it immediately). The Finance and Economic committees in Parliament were screaming for this right before the elections. There are already news articles coming out (as of yesterday) in public again. One way or the other – this will get dealt with.
Hang in there.
THEY HAVE MADE IT VERY CLEAR THEY FINALLY AGREE ON THE BUDGET. THEY ARE EXPECTED TO VOTE ON IT.
[if they vote on it , will the rate come out?]
WE WILL KNOW VERY SOON.
WHEN THEY LAUNCH THE ECONOMIC REALITY IT WILL BE WITH THE REALITY RATE.
THE REALITY OF THE VALUE OF THE DINAR WILL BE APPLIED WHEN THEY ENTER THE GLOBE AND ACTIVATE ALL ECONOMIC REFORMS /ADMINISTRATIVE/AND ALL OTHERS -- ALL AT ONCE -- DATE AND RATE WE DONT KNOW.
THEY ARE SAYING THAT SATURDAY WILL BE THE VOTE ON THE NEW GOV AND SOMETIME BEFORE MONDAY WILL THE ANNOUNCEMENT. VERY INTERESTING WITH THE ANNOUNCEMENT OF SO MANY COUNTRIES HEADED INTO IRAQ THAT WERE WAITING FOR THE GOV FORMATION. HE [ABADI] HAS DONE A GREAT JOB AND WOULD NOT HAVE CALLED FOR A VOTE YESTERDAY IF HE WAS NOT READY IMO.
ABADI PROMISED THIS MORNING THAT THE GOV WILL BE DONE WITHIN HOURS --- AND THE NATIONAL ALLIANCE HAS STATED THAT IT WILL BE AND ALSO BARZANI HAS STATED HE WILL GO ALONG WITH THE PROGRAM.
IT SEEMS BIDEN SHOULD BE THERE FOR THE ANNOUNCEMENT.
THIS WEEKEND SHOULD BRING THE BUDGET AND THE FORMATION OF THE GOVERNMENT WITH THE AMNESTY LAW AND LAW OF ACCOUNTABILITY AND JUSTICE.
THIS IS WHY ALL ARE SO EXCITED ---