This is certainly a good thing to hear even though we pretty much already knew that. It's what we're all waiting, hoping, believing and planning for.
Here's the ultimate question of the decade.... when?
(which of course we are all wondering)

In this article the Finance committee is expressing that the budget is the "worst in history".
It also states they don't know how to deal with the crisis... calling out "the sales of state properties", the "exchange rate of the Dinar" and "tax collections" all to be impractical.
I want this thing to pop as much as everyone else.. we all know it's been a long bumpy road but I don't see this pointing to anything positive... help me out here and please correct me if I'm missing something.
Thanks and have a peaceful Sunday.

I have to agree that there may be a bit of a translation issue and possibly poor writing when this article was created.
They use the words "Benefits and costs" and didn't use the words disadvantages or encumbrances.
The comment regarding the devaluation I believe refers to their past tense actions (many years go)
And, when they refer to reducing the dinar, they're referring to the amount of paper currency and not the value.

"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."
Two questions I have on this statement..
When would be the next phase?
They will not follow traditional methods to make these changes... Is that because he knows traditional methods in Iraq are usually unproductive?

I find it interesting that our own government would create a website and email address labeled, "Iraq Dinar Scam".
Although I know there are deceitful people out there wanting to promote their own agenda by breaking the law, what else is the government doing.. fishing? downplaying the currency?
I wonder if there's an additional agenda?

Whaaat? Oh c'mon. (.. major friggin' eye roll..)
I live in NC and no, this can't be true. There's no way Iraqi, Canadian and Mexican troops are going to be bouncing around NC and I can't imagine for a minute they'd be "greeted" with a big welcome.
Liberate North Carolina?? Haha...

I can't help but think there might be a translation issue here? Making a 1,000 dinar bill to a 1 dinar bill is not what we're looking for.
Isn't that devaluing the currency even more? (dare I say a LOP)
Maybe it's a timing thing.. they make the dinar 1:1 with the USD and then over time drop the zeros? Or, they drop the zeros first and then make the dinar 1:1... that would make our 25k's just enough to buy a extra large pizza. I certainly don't want to believe that.
I think we need a little more clarification on this conjunction junction translation malfunction. 🙄

§ 987. Branch transactions. In the case of any taxpayer having 1 or more qualified business units with a functional currency other than the dollar, taxable income of such taxpayer shall be determined—
Is this the corporations we set up? (business units)
USCO is a calendar year taxpayer. UK is a QBU for section 987 purposes and conducts a foreign trade or business in pounds with a Pound functional currency for both U.S. GAAP and U.S. federal income tax purposes. USCO complies with section 987 based on the method set forth in the 1991 proposed regulations.
Ordinary income or loss. Section 987 gain or loss is ordinary income or loss for Federal income tax purposes.
It sounds like they are extending tax rules out a few years just to make sure they get their cut of money?? (as they always do... )

The advancements in technology over the last 20 years have grown at an amazing rate. Over the next 20 years I see it growing exponentially. By 2040, I see alternative methods of energy being the norm and far out weighing our use and need of petroleum.

Saw it.. It was actually pretty sad. Whole towns are being forced to leave. ISIS is giving them a choice, convert or be killed. Churches and mosques that have been around for thousands of years are being demolished and destroyed. The history and artifacts from the Christian religion in that region just totally gone.
Families torn apart with women and daughters taken to ISIS soldiers for noncompliance.
And, sad to think this is all being done by those with IQ's about that of a garden salad.