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Showing content with the highest reputation since 01/09/2025 in all areas
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I know there are other places to get dinar intel, but DV is to me the best for feedback. Yota was a master newshound - hated to see him stop. I agree with pp. I think the last time the site went down and we didn't know why for the longest time, Yota got frustrated. Just a guess. I can't imagine he quit following the Intel - is probably posting somewhere else. Hope he is well. Thanks to @RJG and others for picking up the slack.21 points
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So, on Wednesday (last week) the server "crashed". I notified Adam and he contacted the tech geeks to fix the issue and get us back online. There were a few unexpected issues but they were finally able to get the site back online earlier today. Okay!19 points
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After this bank becomes active, we will see the beginning of the restructuring of the currency, this new bank is the result of merging the Rafidain and Rasheed banks..19 points
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18 points
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Yota is doing o.k. ! He checks the pages as visitor, haven't been able to log in since the last outage.18 points
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I think he is really pointing out is the need to delete the zeros, which the CBI has often said. My personal opinion is they will do both delete zeros and also add value, just like ole Shabibi pointed out. But whatever they do, outside the country we will get the full value for each and every dinar. That's why we are all here right? I'm riding that horse to the end.17 points
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CBI You know the solution to the counterfeit money problem. Easy.!! Revalue the dinar at $1:1 and roll out small denominations notes.17 points
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Working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports, and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves. Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety. “Making one dinar equal to one dollar “ Easiest transition for the local market, the citizens and real purchasing power. Go stronger dinar💪🏼 Go $1:117 points
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If we here in the USA already hold these notes and yes some of us do. Then these cannot be the notes they are referring to. It is my belief that they are telling you, without coming right out and telling you that the older ones notes will coincide with the new lower notes that are about to come out. JMHO.17 points
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17 points
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I copied and pasted the "not a taxable event" for when the IRS comes knocking.....17 points
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I remember after Trump's inauguration there was a discussion on here that Trump was only President of the US and would not be able to affect world policies. That opinion has not aged well. There will be resistance and uprisings, but he has had a long time to plan for all contingencies; and because he has asked for God's help and anointing, he will succeed.16 points
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This is a very BIG, positive evolution in US policy against Iran, from my perspective. Anything that gets the Iranian Mullahs influence out of Iraqi economics and politics is a very good thing for the RV of the Iraqi currency. I do not believe that the US President DJ Trump will allow Iran or it's proxies to dictate financial or political reality in Iraq. Just sayin' .................16 points
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I’ve been in it for 22 years , I’ll hang in there till the end !!! I know if I got rid of them tomorrow, it would revalue the next day 🤷🏻♀️16 points
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This is called Correspondent Banking….. Not currency auctions.! Correspondent banking is a financial arrangement where one bank (the correspondent) provides services to another bank (the respondent).Correspondent banks are often located in different countries. How it works The correspondent bank acts as an agent for the respondent bank. The correspondent bank provides services to the respondent bank, such as wire transfers, cash management, and check clearing. The correspondent bank charges a fee for the services it provides. Why it's important Correspondent banking is a key part of the global financial system. It facilitates international trade, migrant remittances, and humanitarian flows. It's especially important for emerging and developing economies. Services provided Wire transfers: Processing international wire transfers Cash management: Providing cash and treasury management services Check clearing: Clearing checks and payments Trade finance: Providing trade finance services Foreign exchange services: Providing foreign exchange services Document collection: Collecting documents on behalf of the respondent bank16 points
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I once had a dream that I knew a guy who knew a guy who knew a bank teller.... and that bank teller knew another guy who knew another banker ....oh wait that was on the Rumor thread. NVM16 points
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If this group of morons would revalue their currency I could regain my glory also!15 points
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"Based on this amendment, the Prime Minister calls on both the Kurdistan Regional Government of Iraq, through its relevant institutions, and the Federal Ministry of Oil to immediately begin implementing this amendment in order to optimally invest in our natural resources, particularly oil wealth." "Let this wealth be a factor in strengthening stability and a driver for achieving more plans and programs that meet the needs of our noble people." Go HCL Go wealth Go profit sharing Go stronger dinar 💪🏼15 points
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Thank you I had always read April and September were hot months to watch. Like I said last year an anonymous source I had conversed with on x who seemed to know their stuff told me in 2023 that 2025 spring everything would revalue, metals, real estate, dollars, dinars, cryptos….. it will be a great reset and it would be messy. Told me to hold till 2026 to lest the dust settle. Wild times15 points
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15 points
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Rehabilitate financial sectors through reforming state-owned banks, developing private banks, developing the insurance sector, and upgrading the stock exchange market. 1) Addressing the capitalization level of all government banks, regulating the process of increasing their capital, if needed, and establishing and operationalizing the Core Banking System in Al-Rafidain and Al-Rasheed Banks. 2) Accelerate the development of electronic banking and mobile banking services. 3) Activate the deposit insurance system in order to enhance the confidence of the people in the private banking sector. 4) Finalize roll-out of international accounting systems (IFRS) to all banks, to improve their transparency practices. 5) Increase insurance thresholds that enable insurance companies to cover large economic projects. 6) Enacting a new securities law and review the guidelines of establishing a Custodian bank. 7) Opening other specialized markets such as the commodity market and the currency exchange market (Forex)15 points
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I can't see them delaying this much longer. It's an election year. Sudani is out on his ear if they don't get purchasing power.15 points
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14 points
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 2-3-2025 Fnu Lnu The Dinar is now getting International attention. I was just on a conference call with a very small group of arbitrage experts based in Singapore. Imagine my surprise when the call mentioned Dinar and the second part of the call was about the Dinar. The good news? The moderator said the RV was completed, which many of us have believed but couldn't prove. The final steps of the RV are contingent upon the completion of the "Financial Integrity and Cross-Border Payments" training program. [Post 1 of 3] 2-3-2025 Fnu Lnu The "Institute for Financial Integrity" (IFI) based in Washington DC, has announced an initiative aimed at enhancing Iraq's banking systems...in collaboration with the CBI and K2 Integrity, will provide training to the NBI (National Bank of Iraq). This will be a huge boost for the banking sector, provide essential training, and drive value. This training is vital to insure to the investing world, that Iraq is up to International standards. Though the RV is completed, this last important step is what is causing, what we perceive, as a delay. It is no delay at all. It is about how to distribute the funding. This also signals that we are now so close you can just smell the greenbacks as they are distributed, cross borders, to eagerly awaiting American Dinar investors. [Post 2 of 3] 2-3-2025 Fnu Lnu This call was so information dense that I will have to listen to it several more times to digest all of the content. The function of revaluing the currency is completed. The rate is decided. All the numbers are calculated. What is left to do is to be trained on the physical task of properly distributing it. Crossing the T's and dotting the I's...We are so close now it is crazy. This training can be done in a matter of days. This is why the UST and others are in Iraq right now. This is all brand new ground and you are on the inside of this knowledge. [Post 3 of 3] 2-3-2025 MarkZ We were told after the HCL was complete – to expect the RV in a matter of days. A big roadblock to HCL was removed yesterday. Enormous things happened over the weekend. Many expected the RV rate to be there this morning…but I thought that was a little premature. Stay calm everyone. 2-3-2025 Frank26 It's amazing...every time they release information, it simply points at a new exchange rate. It's getting closer and closer with each announcement. 2-3-2025 Clare Question: "Should I be celebrating this step [passing the 1st amendment to the general budget law for 2023-2025] or be frustrated? My simple mind wants to know" THIS IS A MAJOR BREAKTHROUGH IMO. IT IS WHAT SUDANI WANTED AND HE MADE SURE IT HAPPENED TODAY! (THAT'S WHY HE HAD THOSE MEETINGS FRIDAY NIGHT.) IMO 2-3-2025 Militia Man Article: "House of Representatives votes on the draft law amendment" We've been waiting for this. Quote: "The House of Representatives voted yesterday Sunday February 2 2025 on the draft law amending the first budget law...with attendance of 176 representatives." That tells us they have a quorum...That's powerful. They look like they indeed had the vote...This is an important step to reconnect the region to global markets. That's internationalism. That's big...Obviously big change is coming.14 points
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“AUCTION DOES NOT BUILD THE ECONOMY” 1/21/25 “AUCTION DOES NOT BUILD THE ECONOMY” by Khalil Ibrahim Al-Abidi The mission of the world’s central banks is to control the rhythm of the economy, by controlling the interest rate, not by auction. It is the bank of banks, working through clearing and opening credit, and ensuring the protection of the country’s currency from damage and decline against other currencies. It issues a currency whose value is evaluated in gold, not in the currency of others, upon request. The auction is an innovation of Bremer since the occupation, and we have become accustomed to the mistake, and it has become a lifeline. Gentlemen… The Central Bank did well recently and left the auction platform, and returned to respect its currency, which is the dinar. …… What is required today, as we are at the beginning of the year, is to think carefully about what the repercussions will be, and to return with determination to the documentary cycle in imports, and to work without selling the currency by opening credit for those who want to import, by relying on our government banks after purging them of corruption and identifying correspondent banks for those who carry sobriety and integrity of correspondence, and finally determining the scale of priorities when importing and encouraging national production and exploitation of raw materials, and imposing exorbitant fees to protect industries and the rest of the products. Working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports, and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves. Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety.14 points
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I do think it is ironic that ON GROUNDHOG DAY something finally changed.14 points
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Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety. With a re-denomination people will run after the dollar.14 points
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7) Opening other specialized markets such as the commodity market and the currency exchange market (Forex) takes 24 hours to be listed on forex when international dont see as hold up Don't confuse regional action and trade with international.14 points
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Central Bank of Iraq: We are working to provide ATMs in all regions EconomyCentral Bank of Iraq 2025-01-12 08:26 Share font Shafaq News/ The Central Bank of Iraq confirmed, on Sunday, that it is working to provide ATMs and cash payment machines, while indicating that it has directed all banks to spread their financial services in all regions. The bank said in a statement received by Shafaq News Agency, "The Central Bank of Iraq is working within its strategy to provide various services to bank card holders, by expanding the spread of cash delivery outlets and through all available channels, including ATMs and POC cash payment devices , as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq." He added that "the Central Bank confirmed in its circulars that it directed banks and non-banking financial institutions to spread and expand their financial services in areas that lack the aforementioned services." He pointed out that "the bank seeks to develop these services by establishing the latest infrastructure for financial products and services in Iraq, and improving them continuously." https://www.shafaq.com/ar/اقتصـاد/المركزي-العراقي-نعمل-على-توفير-جهزة-الصراف-ال-لي-في-جميع-المناطق14 points
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14 points
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At that ER, I will totally cash out & not blink an eye or look back for a better ER & then move on with my life, while blessing others along the way. I have more than enough IQD to take less than $1 without having to be greedy or selfish for a better rate. I am content with $.56. Go RV.14 points
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It is time for Iraq to put their big boy pants on. They wanna get into those western markets, then they better do what the new sheriff wants. I like this news!13 points
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the contract rate is what they intend to offer us. Contract rate .... my arse n parsley! I don't care about this clowns delusions n lies, just a rate of a dollar or above and all our nightmares will end Quote Quote13 points
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This is the year. The Christian prophets say that something big is going to happen financially in March or April. This is the only big thing I can think of unless they eliminate the IRS. Our bonus plus getting rid of the IRS would be great.13 points
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"The scare is over" UN: It's time for all Iraqis to benefit from their country's wealth 15:13 Baghdad - 964 The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, said on Friday that Iraq is approaching an important constitutional entitlement, which is the elections, expressing his confidence in the ability of the Iraqi people to exercise their constitutional right peacefully and responsibly, stressing that the time has come for all citizens of the country, regardless of their affiliations, to enjoy its benefits, far from sectarian and exclusionary projects. Al-Hassan during a press conference at the Iraqi Jurisprudence Council in Al-A'dhamiyah, followed by 964 Network :13 points
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13 points
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No! I don't think we are screwed at all. We now know the notes will come exist. We know they have smaller notes and coins in stock. We know sudani stated the dinar will be stronger than the dollar. We know they are talking about going to the forex. We know they are talking international trade etc. We know they are hoping to join the world trade organisation and be part of the modern world. We know they can't do all that at the current rate and that a higher rate does not work without the lower notes and coins. So, no we're are not screwed . let's sit back and see what they do next. If the notes are to co exist I believe the new notes will include the small denominations and coins. They won't matter to us as we will be cashing out and getting on with our lives.13 points
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13 points
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He didn't just suggest - He spoke under the authority of the Holy Spirit. Those who don't comprehend or value that will not listen. I believe it will be more, but at .56, I could realize all I had planned for and live my latter years in financial peace.13 points
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13 points
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Question: if Iraq is increasing her foreign reserves through correspondent banks, isn't that international trade? Mark: Yes and that is why some are getting excited. Kaperoni Question: "In reading these articles, I find they contradict each other. I remember a few months ago that only 13 banks were not in compliance with CBI standards. Today, I read 32 banks have limited functions. Is this difference between gov banks and private banks, or am I still in the weeds trying to understand foreign banking?" Some of the recent articles are opinion articles. Sandy Ingram In the 3rd quarter of 2024 the Central Bank of Iraq reported steady growth in both bank deposits and cash credit across state and private banks. Article "Iraq's bank deposits reach $97.32 billion in 2024's third quarter" These figures highlight a positive trend in Iraq's banking sector with increased confidence in both savings and lending activities across the country. Pimpy The last time Trump was in office, we became the #1 exporter of energy which affected oil prices and affected Iraq. With Trump coming into office, we're going to quickly see what kind of impact he has on Iraq and the oil market...All we can do is sit back and watch. If Iraq thinks it's going to go in the same direction as it did last time and the value of oil per barrel goes down, which could hurt them big time. PompeyPeter They won't carry on until they have something out on Forex. Let's not forget the importance of that because that's attached to WTO. I think that's an enormous indicator of where we're at. They've got to pull the plug. They've got to show that rate internationally on Forex even if they show 1310, which they won't because they'll implode economically, but they've got to put something up on that board. They've got to show the international world the currency. It's got to be up there. Frank26 Soon I will be receiving, god willing, thousands and thousands of locations where you will be able to exchange. Not the ones where you call the US Treasury, where they tell you all the banks in America where you can exchange. Not that one. The one where the CBI is releasing thousands of banks all across the world. Those banks are going to collect the 3 zero notes...Michigan and California are the number one states. Jeff Up Until, through the end of September was the government's busiest time period for having and holding sessions of parliament, getting record steps done, all in preparation for them to revalue. Since September they only got a few odds and ends done. Why so little? Because they have a rate change date and they are working around that date awaiting the revaluation. In this month of January you're witnessing them on a small level starting to implement their banking reforms via what they're doing through the currency auctions. That's another critical preparation step for them to revalue the currency... Militia Man Article: "Al-Sudani in Tehran: A new alliance to confront terrorism and the challenges of the post-'fall of Syria' " Iraq as a mediator in the region is going to go along way to keeping stability. There have been meetings with the "new" USA administration by phone at the highest level and an unannounced delegation from the same prior to his Sudani's visit. He is home now. I imagine things went well for all included. Like it or not Iran is a very large trading partner. There has to be a very strong agreement by all parties public and private. Iraq is taking her place again in the region. She has always been in that position as mediator. MarkZ [Rumor]⚡ Things are looking good and there has been a lot of activity. Suddenly a lot of banking contacts have been checking in. Which is exciting. I have had 4 confirmations from banking contacts that I have known for yea, they are telling me now to prepare for new rates. One of them said “It looks like that thing you are expecting is happening by Saturday. New rates by or on Saturday”. Stay calm though. Pure BS in my opinion..! Yada Their banks are now handling all the currency exchanges from the region and around the world. Not just the dollar, they are exchanging dinar and the increased value is about to be seen by us.13 points