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Jeff

December 28, 2019
in Dinar Guru

Iraq is strongly positioning themselves for the rate change. What has Iraq done through 2019?  One thing that Iraq did was they …strongly promoted the use of their own currency through writing loans. What else happened?  They launched…a single currency practice. They were not able to utilize any other currencies to pay for reconstruction because they can only use the Iraq dinar going forward…what that does is strengthens their native currency…but they can’t pay for that reconstruction…all that budget money is now inside the 2020 budget. They can’t pay for it until after the rate change. That’s an international step…the 2020 budget has some amazing stuff in it…Article 140, HCL all that is now inside the 2020 budget.

IMO we are at the last step waiting for Iraq to position and allocate money from within the 2020 budget.  But they put a little spin on this. Now I strongly feel that we are waiting for them to resolve the prime-minister issue…IMO we want to see the Prime-minister portion resolved by or around January 15th…that would easily leave them two and a half months to tackle the 2020 budget…IMO the 2020 budget is the very last step that we’re waiting on…I still feel we’re in a very good position. Obviously just a little time is needed.

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