I think as far as everything being in place where Iraq is concerned with their re-instatement timeframe…I think the writing is on the wall that they are going to go into the international financial system...
And we also expect to see the new small category notes (lower denominations) released in Iraq…and I am hoping this will happen in the next short period of time.
Article: "Iraq..The total looted funds are estimated at $450 billion" Quote: "The Iraqi government is working to strengthen cooperation with international organizations concerned with combating corruption, such as the United Nations, the World Bank, the International Police (Interpol)..."
...Al-Sudani and other international entities are stating...corruption needed to be under control...They appear to have a good handle on things...I like the stability that it is likely to bring from the effort, not to mention the amounts of money that will be clawed back...is breathtaking.
We saw a documentary video of them specifically reducing the note count, destroying money....We don't know how much money they have destroyed yet but they will probably disclose it because it'll be a necessary thing to disclose when they go international. People are going to want to know what their money supply is. The bottom line is they were destroying and...making little pellets with perfectly good money.
Those of you out there on the Internet that are doing the math saying this doesn't work, if you don't know how much money they've destroyed, you don't have good calculations. So be very careful on telling people that it's not going to happen when it clearly is showing the Central Bank of Iraq, The Finance Ministry, the World Bank, the U.S. Treasury and everybody else goes against what you're saying. Be fair in your analysis.
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