CBI ARTICLE: Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed
The Central Bank, said on Sunday that there is full control of the Iraqi dinar, revealing that the deletion of zeros from the currency, deferred for the time being.
The governor of the bank, on the Keywords, for “tomorrow’s Press,” that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”
He added, “The Bank operates in accordance with the monetary and fiscal policies which are managed accurately and feminization and that the issue of preservation of the Iraqi dinar of the priorities of his interest, but it’s at the heart of his work.”
And on the application of the process of deleting the zeros of the Iraqi currency, Keywords, said that “the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.”
He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion.”
Today’s CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES:
The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years.
Allak doesn’t specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform.
So, it isn’t clear what is delaying the RV. He states today that he isn’t even projecting a date. (Also, he can’t say.)
WHERE WE AT WITH SECURITY TODAY: In December, there was a pause in progress in Mosul, and the Pentagon needed to regroup. They launched a new offensive two weeks ago and are really making progress in East Mosul.
In the last couple of days, they took back the university, hospital and bridge, while killing a lot of terrorists and also some leaders. East Mosul is about 80% liberated. The rest of East Mosul shouldn’t be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged.
DONT BE CONFUSED BY ARTICLES STATING THAT THE “center of Mosul is secure,” because it’s only half of circle with the river cutting through it. The Pentagon has stated that after East Mosul is secure, they would again pause, regroup and start a new attack on West Mosul. Again, WEST MOSUL IS A SEPARATE BATTLE.
This is why statements now are referring to Mosul needing until the second quarter of 2017 to be liberated, unless ISIS implodes, or the US is either further along than being reported, or they have a surprise attack planned. The Mosul airport, and a foothold on the banks of West side of the river,
Baghdadi killed, citizens liberating themselves are all possibilities that would advance the timeline. Trump also has stated that this business of Obama’s Pentagon telling everyone exactly what we plan to do and when, is stupid, stating, “General Patton is rolling in his grave.”
But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done.
I AM SORRY. I’ve always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017 –
Finally! I tend to look at the end of quarters for the RV: April, June, and October.
MONETARY REFORM: GOOD PROGRESS:
The good news is that the CBI continues to move forward. Last week, Iraq’s banks got their IBAN international bank transfer number codes. That’s great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate.
Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable.
Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV.
US Treasury will guarantee Iraq’s loan. US just agreed to another $1billion plus loan to Iraq.
The GOI is getting back in session. They are voting on the Judicial Law and the election law. Budget was approved and signed.
They are talking about voting on a lot of laws, we will see.