Mountain GoatThe CBI is finally breaking the parallel market and this time ‘for good’. As we all know the ‘ASYCUDA’ system was implemented in full swing recently. This system forces legitimacy of trade transactions. Remember that under the currency auctions merchants could lie and falsify papers of purchasing f**e goods in order to get dollars out of the CBI. With ASYCUDA this just tightened the noose even more on the parallel market to the point where these money changes are going out of business. Funds going to Iran are also drying up.=======================================MarkZ[via PDK]‘The state administrative coalition supported the ASYSCUDA decision. Blocking the path of ‘political investment through chaos’ and prevented buying through bribery’They are sticking to their guns on customs and imports. By forcing everything to be digital…its easy to track. Stops the money going to c*****t people. In Iraq:‘Trump comments on the coordination Framework candidate. We have some options’He does not want Maliki….We are still waiting for them to seat the President and then the Prime Minister. This could happen very quickly…in a day or two. =======================================JeffPress Question to President Trump: ‘Do you still have a veto on who becomes the Iraqi Prime Minister.’‘We’re looking at a prime minister. We’re going to see what’s going to happen. We’ve got some ideas on it. But in the end, everybody needs the US. Everybody needs us.’=======================================OmarTV talking about Iraq has modernized the dinar…The CBI has repeatedly said the monetary reform project is in its final stage…so yes, the infrastructure of the dinar has been modernized. Is Iraq connected to all international banks. Not in the sense of global FX launch but yes in the term of technical connectivity…All compliant Iraqi banks can send and receive international transfers. Iraq is connected to global correspondent banking networks…They’re describing the technical prerequisites for FX normalization – not the final step itself. Clare (KTFA)Article:‘Trump: We have options regarding the Iraqi prime minister’Quote:‘President Donald Trump said on Friday that he is considering the appointment of a new prime minister in Iraq, indicating that he has ‘some options’ regarding the matter.’=======================================PimpyQuestion:‘Do you still think the Iraqi dinar is going to go. …I thought you were the one that said it wasn’t going to go.’Yes [I think the dinar is still going to go]. I’ve been saying it for the longest time…I never said that it wasn’t going to happen. I never said that.=======================================Sandy IngramOnce the development road project is up and running, Iraq will need to adjust its currency in order to benefit from the enormous revenue that will be generated by the DRP.Source : dinarchronicles
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