March 15, 2017 Mnt Goat News Brief
I bring you much news today.
First I want to clarify something that is not true and should not be a mystery or shocking to anyone. He/she (some mysterious Iraqi person in the USA) said this is not a rumor as it happened to a family they personally know. Really? Okay, okay I believe that something happened. But let’s get the FACTS straight as the one passing on this story can’t seem to do it.
So here is the story and I quote from their conference call– “reports with you all of rate changes in-country, of the fellow sending his brother $200 via Western Union, and his brother in Baghdad receiving $246 USD”
Anyone want to tell us what is wrong with this story?
First of all I want to point out that if you wired money into Iraq it would be received in Iraq as dinars not US dollars. The currency would automatically go through a currency conversion as it is transferred. Hey – did anyone tell you Iraq’s currency is in dinars not US dollars? So this is the first lie debunked. To get US dollars in Iraq takes special permission from the bank. This is a law due to anti-terrorism efforts.
Next if you are using Western Union and you said you did, then you would have to have to have given Western Union $200 IQD or $200 US dollars. Right? So which is it? It makes absolutely no sense to anyone that you would send $200 USD not knowing about any in-country RV, right? As you also demonstrated it was a surprise to you to hear that your relative got $246 USD and not dinar…right? So as far as this guy knew, his $200 USD was worth about 20 cents in Iraqi dinar at the time he sent it. Am I missing something? So why then would he even want to send 20 cents to his relative it in the first place? Just does not make any sense!
Next I want to point out that the fee for the Western Union money gram cost this guy probably about $5.00 USD. Why pay this just to send 20 cents in dinar electronically to a relative in Iraq. Doesn’t this sound very fishy to you? This sounds like a setup for hype and is making up the entire story.
Now once again my point is this- Why couldn’t the moderator on the call (who claims to know it all) make this clear to the person they talked to instead of hyping up the news and thus spreading unnecessary rumors. This took me about a minute of reasoning and judgement to debunk it. Again they look for hype and make a mountain out of a grain of sand instead of challenging it and trying to figure it out first. Why is it always FACT first rather the FICTION first and thus must show evidence and proof before being spread around? I know why as my question is a rhetorical question. IT IS BECASUE WOULD RATHER GO OFF HALF-COCKED AND STUPID than take the time to reason out the intel before spreading it. If fact a story like this is not even intel worthy..it is just nonsense.
So once again just another rabbit hole we all had to go through out of someone’s ignorance. When will this stop? Please think before you speak!
Another rumor I have to clarify is this – Is the Iranian Rial going to RV soon? Here we go again…..So let’s look at this one too.
And at what rate? Of course they are saying at $3.22. Doesn’t this sound hokie pokie to you…lol…lol? Really? Why would you even consider passing stuff like this on?
This $3.22 rate is now kicking around to every currency. If you go back and look at the FACTS even the IQD did not come out at $3.22 any time close to the 2003 evasion. No ! It was not $3.22 prior to the invasion as there was a period of 10 years with sanctions.
Don’t believe me? Go back and do your homework folks. This $3.22 rate is just a paradigm, cemented into your heads because a rumor spread by someone who does not know the FACTS and only read it somewhere and did not take the time to research. Instead they passed it on. Then over these many years this has become gospel rather than gossip. Funny how I even heard the VND was to RV at $3.22 and again the ZIM would come out at $3.22. Come’on folks. Give it a break!
Could the IQD float to $3.22 or higher? Sure it can and probably will but that is not my point. My point is not to discourage you in this investment. My point is to STOP all this nonsense and hype. It is getting tiresome!
Actually there is some really good news about the Iranian Rail as I am reading all the articles. The CBI talks about an imminent RV sometime in late March of this year (or the end of their calendar year) as the “unify the rate on FOREX”. But before you go off half-cocked and race to buy more Rial, let me set you straight.
They did not give a rate or indication of a rate, as the Rail is still about 23,000 - 40,000 to the USD. So what is this unification? Iran is having the same problem that Iraq had with multiple rates and disparity. So what will be their “planned” revaluation rate? Will they take it to single digits like 1 rto 1 with the USD or maybe then mean to bring it down to 10,000 from 23,000. You simply just don’t know. This is why its HIGHLY SPECULATIVE. Get it?
Then with sanctions in place, will the banks in the US even exchange it for you? Just because the banks show a rate on the “back screens” does not mean they are going to participate in the exchange.
I am saying all this not to make you feel bad, but to help you learn to look at all the FACTS of a situation instead of racing off half-cocked. I am trying to help you.
Some real news just in late yesterday…….
MOSUL — About 90 percent of Mosul's Old City district has been recaptured from Islamic State (IS) militants, said Iraq's Federal Police on Tuesday.
Nineveh's railway station has also been recaptured.
"The Rapid Response forces recaptured 90 percent of the Old City and are now 100 meters away from the Old Bridge," said Lieutenant-general Shaker Jawdat, as quoted by Iraqi News.
The operation to recapture Mosul from IS militants began on October 17 of last year. On January 24, eastern half of the city was declared free. The operation progressed to the western half on February 19.
A recent statement from security commanders proclaimed 30 percent of western Mosul liberated. (Didn’t they tell us 60% in an article in my last news letter?)
On Tue Mar 14, 2017, Iraqi Prime Minster Haider al-Abadi says that the military operation aimed at liberating west Mosul from Daesh is "in its last stage." Abadi also reiterated his vow that the remaining terrorists who surrender will be given a fair trial, but those who continue to fight against Iraqi forces will “definitely be killed."
As always my comments are in italic RED.
Said commander: After Mosul, Iraqi troops to target Islamic State in Anbar
Anbar (IraqiNews.com) Iraqi security forces will turn to Islamic State strongholds in western Anbar after expelling the extremist group from western Mosul, a senior army commander in the province said. (this tells us that the complete liberation of Mosul is very near, but there is still more to rid of IS)
Maj. Gen. Qassem al-Mohammadi was quoted saying Islamic State strongholds in Anbar’s western towns of Annah, Rawa and Qaem “will be liberated soon”.
Mohammadi said operations targeting those areas will launch soon after the security campaign against IS in western Mosul.
Earlier on Monday, Anadolu Agency quoted an army officer saying that 2000 U.S. army soldiers had arrived in a military base in Anbar to back up Iraqi forces in anticipated offensives against IS in the west of the province.
Islamic State held Anbar’s western regions, close to the borders with Syria, since 2014. Those areas have sustained occasional bombardments by Iraqi and U.S.-led coalition fighter jets.
There has not been an officially-declared military campaign to free those regions, but the province’s military command launched a brief assault early January that managed to recapture some western villages before stopping again.
Local officials believe Islamic State is holding thousands in those regions to use them as human shields against any future security offensive. The province’s borders with Syria have recently witnessed exchanges of attacks between ISIS and border guards.
Basra announce the launch of the salaries of retirees who have completed procedures for smart cards
It announced the retirement of the Directorate of Basra on Monday, the launch of the civilian pensions for the months of February and March, the end of the week for those who have been activated smart cards. (Why is this last part important that I have underlined? It is important because they are forcing the citizens to use the banks! Don’t want to use the banks? Then you will have to wait to get paid. Why 1)The CBI is forcing the use of the e-dinar on the population to keep from issuing more currency notes into circulation, 2) increase liquidity in the banks 3)limiting corruption since there has been instances of phony SMART cards cleaning out banks accounts)
He retired director of Basra Basil Alaidani told I followed Echo reported that: the transformation of the receipt of the salary of the banking system in accordance with the personal identity of the smart card system requires the presence of a retired person to the Directorate of retired Basra or send a certificate to prove he is alive if it was outside Iraq as a prelude to check of identity to be sent to Baghdad and further checks before being activated smart card for the purpose of receiving financial receivables.
He said: Smart Card civilian retirees has been activated since early 2017.
Abadi accuses parliament of transferring 50 billion dinars from sensitive allocations for the salaries of MPs (Opps caught in more corruption!)
Alsumaria News / Baghdad
Prime Minister Haider al - Abadi accused, Tuesday, the House of Representatives of transferring fifty billion dinars from priority/sensitive assignments in the country for salaries and allocations of members of the House of Representatives, (rather than going to critical much needed projects) and while stressing he would not be silent about it, indicated that they worked hard on "hiding" those amounts in the budget under the slogan of the “poor”. (once again it shows you the attitudes of the MPs. They are just a bunch of greedy, wealthy bastards robbing the Iraqi wealth from the people)
Abadi said during his weekly and followed up, Alsumaria News, " the more we are approaching the desired victory surprised by talk of some politicians who also seems to live another world and speak interests may have a desire to appoint people , " noting that "we for the first time we put the guidelines and conditions for appointments, but some of that case did not like the presence of lists have the names they want appointed by pressure on the minister to appoint relatives and favoritism and its staff , and this is a particular corruption. " (same old sectarianism and favoritism)
He said al - Abadi, "if it does not reform the political and social we should not be surprised by any reactions violent because injustice will not last either of injustice in the distribution of money or a job," adding that "some states and is not afraid for the poor and even the imposition of belonging names of his Minister fears being isolated and has, therefore , works on a bang as the poor to keep them. " (in other words I believe Abadi is saying - if you continue with this corruption, don’t be surprised by the reaction of the people by the protests and riots that will result, and in the long run you will have to pay the price of being brought to justice)
He continued : "We do not have any problems with the oil - producing provinces as key provinces and place of our attention and offer her services, but we also have interest in the governorates other , " and expressed regret for "hear the other in private meetings deduced from giving oil provinces due, they are looking for the interests of their provinces only and start talking enticing manner and do not want to edit areas . This is unfortunate and we should all consider it part of the consciousness of treason or not. "
The Abadi said that " the appeal budget was by the Ministry of Finance presented the list of paragraphs and it cost us from a legal point of a legal team to examine materials modified and there are materials related to the interests of the people have not been touched. Others relate to political interests , " pointing out that "he was fifty billion dinars from the transfer sensitive assignments in the country for salaries and allocations of members of the House of Representatives. " (he is saying this 50 billion should have gone to the people first to help them rather than to line the pockets of MPs)
He said al - Abadi , "We will not be silent about it, therefore , appeal to those paragraphs because we know what 's going on and tell them these things is appropriate , frankly , " noting that they "worked to hide those amounts budget is invisible under the slogan for the poor and one of them to members of the House of Representatives, but a lot of deputies they do not know it or they did not vote for them if they knew them. "
He said he "was hiding such amounts to the interests for the other and the functions they want to increase it excuse the government 's keenness to absorb contracts and a daily wage, but they truly want to assign certain people to certain conditions and this is where there is no equality of opportunities and without justice," he said . "There are a lot has been appointed by the by political figures and we can follow up individually but today preoccupied with the battle with IS we do not want to open other issues right now, but the most important fight corruption and did not tolerate it and we are working within the international experience and quietly, without announcement. "
The MP for the mass of the Dawa Party , Haider al - Kaabi , on 26 February, an increase in the nominal salary for members of the House of Representatives , starting from the month of February from four million to five million dinars, adding that the decision would not be retroactive.
As he emphasized Parliament Speaker Salim al - Jubouri , in the February 27, 2017, that the Parliament will proceed to increase the salaries of members of the council.
So where do we stand today in this Iraq dinar RV saga?
It is my personal understanding we are still on the path to see the “project to delete the zeros” resumed very soon. The CBI and the GOI has told us many times already that they are temporarily putting the project on hold until the battle to liberate Mosul region is completed. A resent article from an interview with Dr. Mohammed Saleh, economic advisor to Prime Minister al – Abadi, was very optimistic in resolving Iraqi debt and moving forward with the economic reforms to a “market economy”. I believe that in order to take their place in a market economy (this next step) they must adjust away from their “closed” sanctioned economy that is stifled by the govt. This means they must also have a currency that is trade-able and easy to use. Currently with the 3 zero notes they do not have it. So change is apparent in the very near future if they are to succeed in their market economy.
They told us they did have a target of EARLY 2017 to make this next BIG move, but this is not now going to happen since it is being delayed due to the unexpected fierce resistance in the western half of liberating Mosul. So when can we expect it to resume?
If you understand the Iraqi situation and read the darn news, then you can begin to see a pattern. The pattern is that the CBI actions seem to follow the GOI announcements in this regard. The conclusion then must be the CBI is shifting to follow the actions of the GOI. So taking this into consideration we can only determine that Mosul region must be liberated first. Remember this is not going to be like someone flicking a switch either like one second Abadi makes his announcement and the next second the switch is flicked to RV but I do not think that once the level of desired STABILITY is obtained they are going to wait too long. The GOI finance committee is ready, the CBI is ready and all are just waiting. The only analogy I can think of is this is like a plane in a holding pattern while waiting to taxi back to the gate to disembark the airplane. The long ride is over, the plane made is safely to the ground but we must wait for the gate to open. Once Mosul is cleared the gate will open again.
Their words not mine…..No Rumors, No Hype, Just the FACTS!
Much love to ya all,
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