MilitiaMan said (Post #18 Page 1, 12-24-19 Thread)
So this is starting on the 26th. Hey folks no cash starting on the 26th.. Better get in and get what you can now if need be.. -MM
MilitiaMan said (Post #19 Page 1, 12-24-19 Thread)
So on the 26th they start stopping cash withdrawals then on the 29th they stop cash deposits.. They seriously are telling everyone that something is a foot and don’t get caught blind. Just as the CBI told everyone to be prepared to modify contracts, in which the ITB do exactly that and now are going even further!! – MM
MilitiaMan said (Post #21 Page 2, 12-24-19 Thread)
Now they correspondently say from the 29th no deposits in cash and also no foreign remittances are to be made through the 01/05/2020.. No wire transfers? Really? Talk about a huge deal.. They have this timed like no other!! Oh ya!! – I don’t care who is at the helm of the CBI anymore.. it matters not at this stage. Alaq has been tapped for the AMF is all real time data the rest is hearsay! Imo – MM
MilitiaMan said (Post #22 Page 2, 12-24-19 Thread)
“The price of the dollar may change.”
Another indicator warnings are flashing and even suggesting they may have or can at a moments notice!! Imo – MM
PennyPan said (Post #20) Remember people that many of Iraqi citizens keep cash in their homes becuase they don’t trust the banking system. This shouldn’t make a huge difference to the average citizen. That being said, I do hope that the NSCN are being put into the ATM’s and the RV happens in time for the banks to be back online. Just my humble opinion…
MilitiaMan The point is they have a time line to convert! Imo -MM
Stephenmac63 said (Post #23)
IMO, this will also give the citizens confidence after they have a crash course in using the Cards, essentially a step in weaning them off of cash altogether in the future……unless the cards will also be out of service.
MilitiaMan Yes, financial inclusion has been a main focus from many entities.. Having the new system in place with massive education over time has the citizens and banks ready to convert now.. imo – MM
MilitiaMan : (Today 1-3-2020) Nothing out of the CBI has changed in regards to the above. In fact, since the above was written, we found that the currency supply decreased by 975% real close and the CBI clearly shows charts to prove they did in fact did do it.
By decreasing the money supply (note count) the common denominator is a value increase based of supply and demand. They will have a liquidity issue going forward if they don’t raise the rate soon..
We have not heard any denial out of the CBI thus far, for any reason. In my opinion the recent on goings with the neighborhood bully having been taken out of the equation and a few other bad apples more likely bodes better now for us and CBI for many clear reasons.
Seems to me that those bad apples now gone and out of the way, will usher in more reforms and faster than ever before or at least clears the window sills.
We know the banking side of things begins again in full again, in short order. It would not surprise me to see them get more vocal about this MR now, just as we saw Nusiri talking again on the 1st.
The calendar year has started as of 01/01/2020, just as the last year ended on 12/31/2019. Reporting of what has been done is approaching fast.
The reduction in currency wasn’t found until around the 23rd – 26th era December 2019, but it was in fact reported to have occurred on 12/08/2019 by the CBI and whereby, the movement of that money value from the reduction in currency showed up around on the commercial side of banking on 12/29/2019 real close. imo.
So, we can see that timing is of extreme importance now. With normal accounting behaviors, this time is very sensitive. I have a very good feeling about the window we are in.
So lets see what the cat drags in.. lol ~ MM