In April 2012 the currency auctions has increased daily from 150 million to 400 million and the money was being funneled to Syria and Iran. Today we know that in 2019 alone nearly $40 billion dollars was stolen out of the CBI this way. So, the corruption with the currency auctions had already begun even back in 2012 and has been ongoing since. So could this be why Maliki wanted to halt the redenomination Dr Shabibi was moving ahead with? Shabibi’s plans to redenominate would have stopped the currency auctions and ended this “piggy bank” for Iran and Syria. …Fast forward to today 2020. Could this be why Iran insists on having a pro-Iranian prime minister? Could this be why the CBI is deadly afraid of conducting the redenomination without the FULL support of the GOI and the prime minister?
So how can Iraq fix this mess? They MUST select a new prime minister that is pro-Iraqi and not go along with this plan to block the project to delete the zeros and redenominate the currency (currency reform) by Iran anymore…At this junction in Iraq this currency reform is a critical reform…needed NOW if Iraq is to move ahead with reconstruction and attracting investors. It is needed even for the deal with China and don’t forget the same sort of deal is also on the table with the US. … So the protesters have been told by the CBI this demand is coming shortly and would have already happened if not for this mess. So how long will the protesters wait for this demand to happen? There is still a ton of gold at the end of the rainbow for us but we just have to wait until the storm is over.