MilitiaMan Late Tuesday Night "All Support The Move" 2-16-2021

KTFA:

MilitiaMan: I am sure that this (see articles below)  and recent posts today, collectively support that at move to the private sector is upon Iraq.. If not disaster looms..

We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo.. That is powerful.

0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar.. Fairly sure that is the plan and the world knows it.. As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc.. All support the move and even a digital one.

Not like Bit Coin, imo.. Just at a platform level, etc..   Even note that they are all involved in the architecture of the larger plan.. .. imo.. .. ~  MM

Punishment: Dollar speculation with corrupt banks cost the state a trillion dinars a month  LINK

Al-Nusiri calls on the government to preserve hard currency and prevent its leakage to the outside LINK

An economist warns of a decline in the citizen's purchasing power as the dollar’s ​​exchange rate continues to rise  LINK

MilitiaMan:  This is a long read, but the take away is that the point is clear.

With a cheap dinar, political amateurs want in the name of economic reform ... lethality to people, the economy and the state ?!  LINK

This opinion piece is an add on to what we already know. We have heard it from the IMF, the CBI, etc..  Devaluation is a killer.. It is not a progressive move.

It has it's place, unfortunately to those now that have to bare the short lived change is crushing. The plan was to get more currency off the streets and out from under mattresses.. Sadly, not unlike our own country, the little guy gets hurt.

We only hope the pain they suffer has gains in retrun in the long run in the form of Purchasing Power. The cross to bear is on Kahdimi, Salih, Halbousi as being in command now to fix things, and or all those politicians that raped the country in the past. Not giving an olive branch to the citizens and pronto, is a very explosive road to travel.. imo.. 

An excuse they use is about sensitivity, it is one that suggests they have a new exchange rate that is to be exposed, yet can not, just yet.

They even go on to suggest by an opinion; a historical era change in rate is / may be warranted. The latter era rate change is nothing new to anyone. In my view? It is the least the Government can do.. They will do it or if they do not? The may regret it quite quickly.

Anything less now may be considered as a failure. Yes, FAILURE... They need to revive markets and get to the private sector.. The timing with the digital world on a level playing field is knocking at the door, it must not be missed!!! .. imo ~ MM

 “A statement by the Ministry of Finance stated that it is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate, but it has not been able to do so publicly due to the sensitivity of the issue”

: “It is difficult to restore the exchange rate to its previous state ... and that the financial markets will stabilize after the budget is passed ... and the formal adoption of the new exchange rate will remove concerns and revive the markets.”