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  1. Report: Central banks globally are hoarding gold, hinting at worries over the US dollar’s stability. The move is led by BRICS nations, aiming to lessen their reliance on the dollar in international trade. Gold is being amassed as a strategic asset against potential dollar depreciation and a broader financial shift. The global stage is brimming with tension, and it’s not the kind that just ends when the credits roll. No, this suspense is way heavier and could hit your wallet like a ton of bricks. ~Jai Hamid ________________ Ariel: Now why did I post this? Well let's briefly go over the recent announcement by Iraq. On Thursday, 100 US dollars were exchanged for 146,750 Iraqi dinars in the Kurdistan Region. This is the lowest level the USD has seen in over 10 months. As of the beginning of the week, the value of each 100 US dollars was approximately 150,000 IQD, but quickly declined, so the value of each 100 USD declined by more than 3,000 IQD. Now what does this mean for the potential 1:1 or 3:1 parity of the IQD/USD where people who hold IQD can exchange and covert them to USD at a 1:1 or 3:1 exchange rate this year? Well if you are going off this report alone the difference in the decline decline in the value of the USD against the IQD from 150,000 IQD per 100 USD to 146,750 IQD per 100 USD is only about 2.2%. Which is no big deal. Iraq is one of those Central Banks who are sitting on tons of gold. This will help absorb the economic shock once they reinstate their currency on the Forex Market. Because remember all the BRICS Nations are waiting for Iraq. So everyone around the world is preparing. Because I told you all to keep your eyes on the following. 1. The Investment Law 2. The Budget Law 3. The HCL Law Let's go over these three areas briefly. The Investment Law in Iraq, known as Investment Law No. 13 of 2006 (amended in 2015), aims to promote and facilitate both foreign and domestic investment in the country. The law provides a framework for investment in various sectors, including industry, agriculture, tourism, and infrastructure. 5 Key Aspects of The Investment Law • Equal Treatment • Investment Incentives • One-Stop Shop • Land Allocation • Dispute Resolution Despite the favorable provisions of the Investment Law, Iraq still faces challenges in attracting foreign investment due to security concerns, political instability, corruption, and bureaucratic hurdles. So what is the one thing they need to fix this? The new exchange rate. What is next? The Budget Law Now what did the finance committee come out and say a few days ago? The Parliamentary Finance Committee, last Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024. What are the main things in the Budget Law? Well you would have to look in the 2023 budget first because these projects have not been financed with the new currency exchange rate. Infrastructure development: Funds allocated for various infrastructure projects, such as roads, bridges, and public facilities. Oil & Gas Sector: Investments in the oil and gas industry to increase production, upgrade facilities, and improve the sector's overall performance. Electricity sector: Projects to enhance electricity generation, transmission, and distribution to address the country's chronic power shortages. Water resources: Allocations for water management projects, including irrigation systems, dams, and water treatment plants. Agriculture: Support for agricultural projects and initiatives to promote food security and rural development. Reconstruction efforts: Funds dedicated to rebuilding areas affected by conflict and terrorism, particularly in provinces such as Nineveh, Anbar, and Salahuddin. Economic reforms: Initiatives to diversify the economy, attract foreign investment, and support the private sector. Guess what? All of these projects have been on hold for years. The most important ones being infrastructure, economic reforms, and the electricity sector. Iraq and Iran recently signed an electricity deal in March 2023. The agreement was signed during Iranian Energy Minister Ali Akbar Mehrabian's visit to Baghdad on March 7, 2023. Under this deal, Iran will continue to supply electricity to Iraq for the next two years. So we got that out of the way. Because it makes sense to ensure they have this in order to ensure stability in operations to facilitate a electronic transfer of new currency values. Because what did Al-Sudani tell the Iraqi citizens? To hold on to their Dinar because it will be the stronger currency in the region. One reason being is because their 2024 budget is equivalent to 70 tons of gold. Not only that Al-Sudani said they will be making an announcement before the end if Ramadan. Which should be sometime Monday for us to know what this is. Because their new fiscal year starts on April 1st. So I guess they will open up the books on their portfolio. Again I just listed many projects that need a exchange rate. So what is the current status of the 2024 budget? Well let's look and see what a member of the Parliamentary Committee said a couple of days ago. Qoute: " The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.” He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget." Al-Atwani stressed, "There is no financial crisis in Iraq." End quote. And what is the one thing Iraq needs in order for this budget to have any real value for their economy? The new exchange rate. Will this be apart of the announcement Al-Sudani has mentioned? We will see. Do they have the luxury of dragging their feet another month or so for that matter? Absolutely not. One reason being is this. Prime Minister Muhammad Shiaa Al-Sudani announced last Thursday, the start of setting 2024 budget schedules that include added financial entitlements to the governorates that will be allocated to infrastructure. What are the entitlements? One major one is the HCL Law. Thought I forgot to mention this one didn't you? This law is basically a constitutional requirement for the Oil & Gas allocations that will be based on the exchange rate that has yet to he shown. It allows the citizens to get a monthly stipend. Here's how the proposed stipend system could work under the HCL: Revenue allocation: A percentage of the revenues generated from Iraq's oil and gas exports would be set aside for distribution among Iraqi citizens. Eligibility: All Iraqi citizens, regardless of their region, ethnicity, or religion, would be eligible to receive the monthly stipend. Distribution mechanism: The stipend would be distributed through a national fund or a designated government agency, possibly linked to the existing Public Distribution System (PDS) that provides essential food items to Iraqis. So as you can see they are in prime position to open their budget. Because this also mentions the citizens in this statement regarding their entitlements. Article quote: "...In addition to the possibility of achieving a significant increase in its financial incomes that would raise the purchasing power of the Iraqi individual...". Purchasing power will only come from the new rate. They are running against the clock people. Keep your eyes on the budget over these next few days. That's where our financial freedom is. This is the most exciting update because Iraq officially announced they are ready to open it. Goodluck out there.
    31 points
  2. Look like a percentage of the Iraq citizens are not willing to deposit the chunky money in the banking system. We know the CBI has been trying for many years different ways to bring in the chunky money. 93 trillion IQD "the window for selling the currency will gradually end during the year 2024, and the same will be the case for the electronic platform” All the above makes me believe, we are close to see the deletion of the 000 as the only way to collect the 93 trillion IQD. Go delete of the 000 Go LD’s notes Go end of currency window Go stronger Dinar
    23 points
  3. 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 Sandy Ingram We often talk about $0.10 to $0.25 to one U.S. dollar. People get upset but that is what could happen without a reval. And most of the [Dinar investors] would experience a six-figure profit if the currency just went up to 10 cents to 1 U.S. dollar. Unfortunately people get greedy, and aren't always satisfied with the gain that God brings. Tomorrow is Good Friday, and we should all remember the torture and sacrifice Jesus endured, and made, to redeem us from the curse of sin and death, and restore us back to the Father.
    22 points
  4. President Barzani and PM Al-Sudani forge preliminary oil agreement in Baghdad talks IraqBreakingBarzani 2024-04-06 14:02 Font Shafaq News / President of the Kurdistan Region Nechirvan Barzani confirmed on Saturday that a preliminary agreement has been reached on the oil file, one of the most prominent outstanding issues between Baghdad and the Region. Barzani, currently visiting Baghdad, addressed journalists following his meeting with Iraqi Prime Minister Mohammed Shia Al-Sudani, expressing gratitude for the PM's efforts in resolving issues between Baghdad and Kurdistan, as well as his broader efforts to tackle Iraq's challenges. He noted Al-Sudani's commitment to serving Iraq as a whole, including the Kurdistan Region, since assuming office. "In our meeting today, we reiterated our support for his government program and the implementation of agreements, including those concerning the formation of the government. This includes the crucial aspect of ensuring the salaries of the Region's employees, as stipulated in the agreement between Al-Sudani and the Prime Minister of the Kurdistan Region, Masrour Barzani. We anticipate continued progress in this regard," President Barzani affirmed. Barzani also highlighted discussions on future relations between Baghdad and Kurdistan, expressing hope for a mutual understanding during Al-Sudani's presidency. "We have also discussed the oil file, where a preliminary agreement has been reached. We aim to resolve this issue through constructive dialogue," he added. Expressing optimism for Al-Sudani's visit to Washington, President Barzani emphasized the importance of success that benefits all of Iraq. Meanwhile, Al-Sudani reiterated his government's commitment to paying the salaries of Region employees, emphasizing its responsibility to ensure the well-being of citizens. "We are dedicated to upholding our responsibilities, which include securing citizens' livelihoods through continued salary payments," he stated. Regarding discussions with President Barzani, Al-Sudani outlined the focus on unresolved issues such as oil exports, budget amendments, and contractual matters, which will be addressed in line with the tripartite budget law. He highlighted the "need for responsible dialogue and announced an upcoming meeting of the State Administration Coalition where President Barzani will be hosted." President Barzani's official visit to Baghdad includes meetings with Iraqi President Abdul Latif Rashid and Prime Minister Mohammed Shia al-Sudani, as well as participation in the State Administration Coalition (SAC) meeting, where discussions on resolving disputes between Erbil and Baghdad are expected. An "extraordinary" meeting of the SAC is scheduled for Saturday, focusing on political agreements and solutions to outstanding issues between Baghdad and Kurdistan.
    20 points
  5. I've responded to this concern in other posts. I will say it again. Adam is still checking in. I have personally had contact with him on site and other issues, as have other MODS. Plans are still in place. All is good.
    20 points
  6. “before the middle of the current year, there will no longer be a government institution that receives final cash, leading to the legal adaptation of electronic payment” This is the connection I see……. My humble opinion. For citizens to be able to pay electronically, they need to bring the chunky cash, open a bank account and receive an electronic card. They have to do it ASAP to able to pay for Gas, services, shopping, etc. This means the CBI and the banking system are going to collect a BIG amount of the chunky money (The 000 notes). Then when the CBI has collected a Big percentage of the 000 notes, they will go ahead with the delete of 000 project. “The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity.” “the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase thevalue of the Iraqi dinar.” Go Delete of 000 Go Stronger Dinar Go purchasing power
    19 points
  7. “by the middle of this year, the government collection rate will become 100 percent electronic” “things are going well and accelerating, and the year 2024 will actually be (the year of electronic payment)” I think that this goes hand to hand with the delete of the 000 and the rollout of LD’s Notes. Just my opinion. Go e-payment Go delete of 000 Go LD’s Notes Go stronger dinar Go purchasing power
    19 points
  8. This comes after the Federal Court decision. Go HCL Go Profit Sharing Go Stronger Dinar $1:1 Go Purchasing Power
    18 points
  9. On that note, I'll lock this thread... I've got personal and family life to attend to. I still love you all! But this whole "where is Adam" topic just needs to be dead, and the best way to force that to happen is for me to just be a fly on the wall and not post often. Or at all. I'm still here. I'm still on top of all of this stuff. The strategies and tools we have in place are ROCK solid. I don't need to post daily or weekly or monthly or even at all in order to maintain everything we have built here. See you on the other side
    18 points
  10. 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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: It's going to float once it gets to 1.32. FRANK: I disagree because it's already at 1.32. It will float IMO a little higher. The RI will take it to $3.22 IMO. But because it's been 20 years I strongly believe IMO they may cap it around $4.25...The other currencies around the Middle East will not complain if the Iraqi dinar is higher than their rate...Frank is out of his mind if he still thinks that the IQD will go that high. Times & circumstances have changed, but he still has his head where the sun doesn't shine. .... JMHO ....RON MarkZ I think the news is getting restricted as we get closer. I think the quiet is a positive sign. A number of sources were given cautionary notices to be quiet or NDA’s. So to me it’s a great sign that things are quiet...Contacts in Iraq and around the world still think we are within days…but they have thought that before….so not going to jump out of my skin just yet. The quiet is probably the thing that is the most encouraging to me right now.
    17 points
  11. 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 Sandy Ingram The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies. The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued... Nominal Effective Exchange Rate (NEER)...It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners. An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners. [Post 1 of 2] Sandy Ingram Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion. Based on Iraq's export partners the Iraqi dinar definitely could be worth more. However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar... This could happen overnight but it is unlikely. [Post 2 of 2] Samson Article: ”WTO - ACCESSIONS - MAY 9th, 2024 - Includes Iraq" Militia Man Article: "The start of drawing liquidity from the hands or Iraqi's" Iraq is getting money outside of the bank, into the bank...They've gotten off the street upwards of 8 trillion dinar. That's a lot of dinar...Reducing the note count is the direction which is where they're headed...If you reduce the note count, purchasing power comes with it...
    16 points
  12. Be careful when you see a video that takes snippets of Kim's prophecies to try to build a timeline. I believe the dinar breakthrough is before the exposures and summer to fall events. That's why Kim said get out ASAP. We will have the funds to help those in the dark times. Like @screwballsaid, I believe the dinar/QFS event happens simultaneously. Great to see the prophecies again. Thanks @gregp.
    16 points
  13. 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 Frank26 Article: "An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel" THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ! Walkingstick Iraq is indeed ready, but the USA still has multiple conditions for release in the region which are presently being satisfied. We are getting to the end of the game which could monetarily finish as Iraq is going public to force a potential release. It is any minute, any second time frame. Frank26 ...JP Morgan representatives at a Chase Banks, why are they there? And why do they have all of these cubicles that they're setting up? ...They don't even say it's not a scam, they simply say when it happens we're ready for you. The whole mantra/attitude is changing but it doesn't change all at once. It's a slow process. It travels from the east to the west...north to the south. That information is slowly being given to everybody that is going to be involved in this exchange process. Mnt Goat So according to Shafaq News/ The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar. I Quote from the Article – “to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” Folks I don’t know about you but this article was WOW!
    16 points
  14. So last night as I tried to drift off to sleep (Insomnia sufferer) I got to thinking about a lot of things in my life. I realized that so many things have come and gone in my life, people, items, etc. But one thing has remained a constant and that is the IQD that I own. I originally got invested in this back in 2010 when a close friend mentioned it, said friend is no longer even in my circle... I've lost a home to foreclosure, had one child at the time who is now 18, had 2 others since, got another home, started a business or two, flipped houses, flipped cars, had some minor health crisis, marriage issues (who doesn't) lost relatives, friends, you name it, yet I still have one thing that has never changed and that is the IQD. I honestly try to recall what I was even doing before I got into this investment.. I never really cared much about things like this, only stuff I could sale quickly and see a profit. I realized that I have some sort of unwavering faith in this IQD because through all these years I still haven't sold it. When I was deciding whether or not I should file for Bankruptcy, I said well if this pops I could pay all my creditors off asap. That faith got me through that dark time. When I was financially in pinches, I'd say oh if this pops soon I could do xyz. Of course it never did but that little ounce of hope somehow got me through a few more days and somehow the solution came. I say all this to say, we witness a new wave of hope every single year that keeps us all in this, just enough for us to keep those dinars dusted off and fresh just in case we get to cash in the next day. Each wave brings in a new group of investors and pulls away a tired group of investors. The cycle really never stops. I was once on the wave that came in back in 2010 and for some reason I decided to stay in... I have no idea what I was doing before this, but all the things that have come and gone in my life and yet I still hold on to this. Really makes me see how deep faith can be in something you so strongly believe in no matter how foolish it may seem at times.
    15 points
  15. “The Iraqi government declared, on Monday, a 50% reduction in external debt, reaffirming its commitment to ushering in a qualitative shift in the Iraqi economy.” “According to government spokesperson Basim Al-Awwadi, "As a testament to the government's transparency in economic endeavors and to keep the national and international media and public informed about Iraq's economic performance” “these steps pave the way for further integration of our country into the international economic cycle.” Iraq is moving forward towards an Open Market Economy to be part of the international economic cycle. A stronger dinar is closer than ever. Go Iraq Go international Go Open market economy Go stronger dinar $1:1
    15 points
  16. Not news i am reflecting on past i love you guys and girls more girls god loves you so does Davis he loves you just wanted to thank everyone for who they are and what they bring nicest group for 10 yrs plus I have never met Gave up so Davis for VP beside Trump
    15 points
  17. Luigi wishes everyone a blessed Resurrection Sunday. Remember the reason for the season. May all Dinarians be blessed. May your blessings come through very soon. Remember...pay it forward, bless family, friends & even strangers.
    15 points
  18. 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 We may see it by Easter…The news is so good...We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time. Mnt Goat Article: "IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES.." Quote: "Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years." OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate.
    15 points
  19. Remember it is ramadam! I heard from a guy that keeps up with this deal in depth yesterday. According to him CBI and the GOI are on a news blackout till after ramadam! Supposedly they (GOI & CBI) are poised to make a big announcement after ramadam. Supposedly there official articles out there stating about the blackout of news coming out of there! He did have some other news that gave me a shot of hopium! I must admit I take all with a grain of salt! They did say that this announcement could come around the 16th of april ! I sure hope, he is right ! Thats one day after the crooks from the IRS come calling, they need more money to give to all the illegal aliens that crooked joe is letting in! That April 16th date does make a little since too! ramadam over on the 9th of April then I think the other holiday is 4 or 5 days long. That puts the !6th as very credible day for CBI to make a major announcement! If you believe anything they have been throwing out, which I don't! I'm not getting off this crazy train so bring on April 16th! I too hope Lugi the Thugg , and Ron are all safe and sound and are just taking a brake! JMHO ! 🤠
    15 points
  20. “The General Authority of Customs announced the completion of nearly 10,000 containers within a week according to the Customs Automation and Modernization System (ASYCUDA), which it began implementing in the Grand Welcome Yard in Umm Qasr Port in Basra Governorate.” 10,000 containers a week just in the Qasr Port. Just imagine the amount of Containers and trade when the Al-Faw port is done. “It confirmed that it is continuing to implement this system in all its customs centers and that all goods and commodities imported into Iraq will pass through ASYCUDA soon. This will be significantly reflected in the imports it receives and will provide double revenues that will supply the state’s public treasury” Go WTO Go Trade Go imports-Exports Go free market economy
    15 points
  21. Spineless Man. I wonder how much he got paid to act like a republican while serving the left.
    15 points
  22. So honestly.....what do the negative nellies say Adam should be doing or saying on the site that He hasn't done and said over the years a zillion times already? I mean...He can beat a dead horse...but that gets old quick. He can come by and say howdy folks? Maybe hold hands and baby sit? I would venture to say that..... OF Coarse Adam is on top of everything and monitors the situation and this site. I feel fortunate to be a part of this. Now there's going to be some that cherry bomb me or laughing emoji me. So be it........Get a clue and be thankful for this great site and this fine group of people.
    15 points
  23. I believe everything going on right now globally is part of the show. I 100% believe there will be a huge scare event (Fake ww3) that will be used to help wake up those that are still asleep. Having said that, people will still die as this is a war between good and evil and I believe there are those low level people still fighting the war being exposed. Iran and Isreal are definitely center stage as is China, U.S and Russia. I suspect things will get pretty scary and then all of a sudden arrests will happen publicly, trump steps in publicly and quickly turn it around and reset happens during the mess...
    14 points
  24. Girl we are dealing with 2 mentally deranged, evil, incompetent individuals in the Assaholla and Branden, so ANYTHING could happen. That's all I have to say on the matter!!!
    14 points
  25. "IN A LANDMARK STUDY" They lost all credibility right there.... Fact of the matter is that more often today's conspiracy, in time, becomes tomorrow's factual explanation! Follow the Science??? That really worked out with covid......didn't it? The MSM is the worst & first at labeling credible information as conspiracy.....Hunters laptop comes to mind.... Dumb article in my mind.....always good to post articles/examples from "those in the know"..... let's us see how stupid they think we all are.......lol CL
    14 points
  26. President Barzari on Eid al Fitr: May this holiday be filled with Peace and happiness May you all come back from your holiday and fill all of us with your peace and happiness, by revaluing your currency!
    14 points
  27. 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 Walkingstick and Frank26 W. This monetary reform is right in front of your face. It's at your doorstep. F. I envision being at the very edge of a cliff, on my tiptoes, with my arms out, leaning forward, my head down, waiting for a gust of wind to let me fly.... Goldilocks Iraq is in the process of signing bilateral agreements that will support their infrastructure through their shipping ports. This move will help Iraq to spend their money locally and support their own economy. Projects such as this will help justify new values on their Iraqi Dinar...
    14 points
  28. “Prime Minister Al-Sudani affirmed that Iraq has completed many of the requirements for transformation and the completion of its constitutional institutions, as documented in recent UN reports“ I see Iraq moving forward like never before. Go Iraq 🇮🇶 Go transformation Go Former Glory
    14 points
  29. Living in the Pacific Northwest is challenging for a motorcycle rider. You need to be ready for sudden and extreme weather changes. It’s not just the frequent rain, it’s the sudden drop in temperature from 60° to 40°, that when combined with wind chill at 70mph drops to around 30° in addition to being soaked to the bone if you are caught off guard without the right gear. Which is why I was so concerned when the waterproof zipper broke on my very expensive cold weather jacket I carry in one of the saddlebags. Fearful I would have to pause the weekend rides that recharge my soul for a few weeks, I went to a small alterations shop. The seamstress replaced that zipper in under two minutes. I had to chuckle. Here I was, having designed and engineered complete commercial buildings, from utility to plugs and switches, rebuilt automatic transmissions and every kind of engine, yet scared to death of a darn zipper. We were chatting as she was performing her magic. I mentioned something that she expounded on, and then I asked if she was Christian. Without hesitation she said she was. To which I confirmed I was as well. We both gave glory to God, and enjoyed our unexpected Christian fellowship. When she was done, I paid for the repair, and added a 50% tip. She was obviously foreign born, but spoke English very well. As I took off, I thoroughly appreciated the true core American Ideals she brought to our society when she left whatever Asian country she came from to live a better life here. I hope she had some kids, because I know they would have been raised well, understanding the gift of America. I am a second generation American, among the first “natural born” in the family line. That little trip to the tailor did far more than serve to fix a broken zipper, it confirmed to me that regardless of the MSM and others screaming “God is dead”, or apologizing for any imagined slight, the truth of the human spirit was manifest in that short encounter. Some of the greatest patriots I’ve known were first- and second-generation Americans. Driving away I said a prayer and thanked God for the encounter. Please, don’t let the propaganda destroy your soul. America lives in the Spirit of every Christian, and that can never be taken away....JMHO...DM
    14 points
  30. 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 Nader From The Mid East In 2001 they declare war with Iraq...There is a difference between ceasefire and the war is finished. For now it's ceasefire. No one declared the end of the war in Iraq. You see the coalition forces still there. You see the army. Maybe not a lot but they're still there. For Iraq to be free everybody have to get out of there. Any decisions Iraq made, anything Iraq do or does the United States ...have to say yes you can do it or not... The war didn't end. That's why you see Sudani coming out in the 15th of this month coming up to talk about the coalition to get out of Iraq. Walkingstick Executive order 13303 was the protection of the DFI funds of their oil money. All protected by the United States of America...No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds ... 13303 was not sighed. This is good. It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...
    14 points
  31. Of course you do caddieman, almost impossible for people like you with TDS to get over the fact he is being railroaded by the corrupt left that you seem to have ZERO problem with!!!
    14 points
  32. 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 Frank26 IMO the United States of America has been paid in full...mission accomplished...IMO Iraq and the United States have come to an agreement on many files and the one important file was the sanctions on the banks that needed to be lifted...There is a lot happening. It is complex. It is tedious. It's all concerning the monetary reform. Pimpy Surprise! I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything saying they were in the process. That's all it said. Apparently they are beyond the process and they've been through the process since the end of 2022 beginning of 2023. Great, that's another big accomplishment for Iraq. We need to make sure restrictions under the currency are lifted. We need for them to get into the World Trade Organization and we need to see them on the Forex. Those things have got to be coming soon. This is exciting new for Iraq... MarkZ ...Bank Story...One of our members went into a Wells Fargo and spoke to a manger. She asked if all the recent redecorating was because they were going to be a redemption center. The manager said “As a matter of fact –yes.” Then went on to say that they have to wait for a notifications to start... I thought this was positive as we so rarely get a positive story from WF. Militia Man Article: "Fouad Hussein: America avoids talking about sanctions against Iraqi banks" The banks that were sanctioned were likely ones that may have had connections to the crime of the century. Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today's news.. It is amazing. Walkingstick The citizens of Iraq are not exchanging for the float. They're exchanging for purchasing power. That's all the Iraqi citizens get. They only get purchasing power of their currency which is everything to them. Sandy Ingram A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024. President Biden is set to host this crucial meeting...It's not all about military...the meeting is also expected to tour upon Iraqi financial reforms...This is the reason this meeting is important for Iraqi dinar investors. The US...undoubtedly has a vested interest in the successful implementation of these reforms. Frank26 ll the contracts that Al-Sudani signed around the world are now being recalculated and being converted into dinars...That takes guts to do that. Normally a country would simply walk away and say forget you, up yours. But right now Sudani has so much power, he is in so much control that the world will bow to any of his demands concerning the economic reform of Iraq all because the monetary reform was successful and proven to them. They all want a piece of Iraq, at whatever cost. Fnu Lnu The Dinar Mythology surrounding this EO is amazing...It says exactly NOTHING about buying Dinar. Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq... Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise. The Executive Order also declares a national emergency to deal with the threat to a peaceful reconstruction of Iraq, which US Presidents have renewed every year since, most recently in May 2023. MarkZ There are some meetings with Iraqi ministers in DC and some at the UN in New York. We will not see Sudani until April 15th…but no part of me thinks they would pull the trigger with him not in his own country. Comment: IMO Sudani isn’t coming here on 4/15 to raise rates after he leaves…i think he is taking a victory lap because it will RV before he comes. Mark: That is what I think is going to happen. My gut is screaming somewhere between now and next Wednesday based on what I am hearing...but nobody knows the exact timing. I certainly am feeling good about it.
    14 points
  33. 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 Frank26 The Prime Minister is going to Washington DC ...He's going to talk to the U.S. Treasury about the new exchange rate...He's talking to it with everybody. Fnu Lnu On the issue of Old Notes (circulated) versus New Notes (uncirculated) I can tell you this. The "Oil for Dinar" program (a Paris Club item - coalition countries) is very real and those are called Private Placements. They require ONLY uncirculated notes to participate. Otherwise, if you aren't in such a Private Placement exchange then it doesn't matter at all. Also, new uncirculated notes of certain serial numbers are going to be used as Bonds. The new Dinar have all the info needed to be used as bonds and it was planned this way before the new notes were printed. They will be used on the unregulated trading platforms in Shanghai as part of certain trading packages. (Interesting...!) MarkZ I think things are in a mad dash to the finish line… We have an impending visit from Sudani here in the Us... We have Sudani on Friday mentioning the rate of $1.32…which is very specific... Comment: The $1.32 rate is actually .76 cents US for each dinar…. Al Sudani promised the Iraqi people the dinar would be stronger than the dollar. . 76 cents is NOT stronger. Mark: They may be floating the rates of $1.32 and .76 cents to get people ready for a change. I still think it will be more in the $3 or $4 range…but I could be wrong. IMO $1.32 and .76 cents rates would still be fantastic.. Pimpy Everyone is excited that Iraq has completed all the requirements to join the World Trade Organization but the bigger question is what's next for Iraq? ...There's this impression going on around the Iraqi dinar community that this is going to happen next week or next month. Is this true or could the process take longer? ...What's remaining for Iraq? Approval by the general council...which is composed of all WTO members. ...As of now they don't appear to be on the calendar to be voted in...We got between now and June to see if indeed Iraq is added to the calendar...unless for some reason the WTO holds a special session... Militia Man Article: "Parliamentary Finance: The federal budget is in the corridors of the Council of Ministers, and there is no specific date for sending it" Quote: "On June 12, 2023, the Iraqi Parliament approved the tripartite budget law for the years 2023, 2024, and 2025. Last year’s total budget amounted to 197 billion dinars, which is the largest in the country’s history." Take note that they used 197 Billion Dinars. That is a little over $150 million USD at the current exchange rate of 1,310 IQD... Seriously? I do not think so, unless they have done something we have yet to see.
    14 points
  34. 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 Pimpy Vietnam became the 150th member of the World Trade Organization back in 2007...with the same icky exchange rate. Not only that but...Vietnam is currently trading on the Forex...In addition to that Vietnam is on the Swift System...When you try to look up Iraq there is no Iraq because they're not on the Swift System. So you have Vietnam with a way worse exchange rate than Iraq part of the World Trade Organization...on Swift and they're trading on the Forex...If Vietnam is there with their current exchange rate then there's no doubt ...Iraq ...can be on these programs as well [at their current exchange rate].But that's not what Sudani said, or is it his intention. Militia Man Al-Sudani talked about having $1.00 equaling 1.32 dinars...I believe in my view is when they drop the three zeros from the exchange rate, what you'll have is about .76 USD. Then they apply the Real Effect Exchange Rate to that. And that's going to be based off of their assets... That would be nice - I can go for that..! Samson Article: ”Al-Sudani: There are those who want to obstruct reconstruction, and they will not discourage the government from proceeding with its plans"Guess who...Maliki & his crowd..! Walkingstick WTO means currency restriction free, therefore all members can use multiple foreign currencies to buy, sell and trade but Iraq has decided...all...contracts that have been recently signed with Sudani must be converted into Iraqi dinars. Clare Article: "Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars" Quote: "The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars."
    14 points
  35. Of course they will need LD’s. The most advanced economies in the world still uses cash. For example the USA is an electronic society and still uses cash, the same with Europe. There’s not a country in the world that doesn’t use cash. Go delete of 000 Go LD’s notes Go stronger dinar Go purchasing power
    14 points
  36. I mentioned some time ago that I was not doing weekly or monthly or any regular chats. My personal/family life was being affected by my involvement in this site as a daily obsession... I still love this community, and many of the members here have become real life friends. I might make an official announcement and pin it somewhere handy... I'll think on that a little. *gasp* what kind of monster are you?! Telling people to use the search function... oh the humanity!
    14 points
  37. Experts: Prime Minister's visit to Washington will achieve significant financial and economic gains for Iraq Economy / Investigations & Reports Today, 18:38 +A - A-A. Baghdad – Waa – Amna Al-Salami Economists and political analysts agreed on the importance of the economic and financial aspect of the visit of Prime Minister Mohamed Shia Al-Sudani, noting that it will strengthen cooperation relations in the files of banking reform and the fight against corruption and achieve significant financial and economic gains for Iraq. Activating economic and financial cooperation Writer and political analyst Haitham al-Khazali told the Iraqi News Agency (INA) that "the visit is of great importance because it will discuss activating the strategic framework agreement and getting the relationship with the United States out of the security framework to the rest of the frameworks stipulated in the strategic framework agreement by activating cooperation in the financial, economic, environment, energy and anti-corruption aspects." "We believe that this visit will be crowned with success and contribute to achieving significant political and financial gains due to Iraq's increasing importance in the region, its openness to the countries of the world, investment opportunities and existing economic resources, and the possibility of establishing economic partnership relations with the United States and cooperation in all other aspects, the most important of which are banking and economic reform, combating corruption, energy and addressing the effects of climate change," he said. "The prime minister is expected to meet with officials in the US Treasury Department, and the meeting could contribute to lifting sanctions on some Iraqi banks and easing the conditions for financial transfers to Iraq, which will contribute to strengthening and strengthening the Iraqi dinar against the US dollar," he said. "It is also hoped that the visit will witness the signing of agreements with companies investing in conventional energy as well as in the field of clean energy in cooperation with American companies, while strengthening cooperation in banking reform, activating anti-corruption laws and global transparency agreements, and supporting Iraq's efforts to recover its wanted and funds in the United States," he added. Addressing the file of disabled banks Mustafa Akram Hantoush, a specialist in financial and banking affairs, told the Iraqi News Agency (INA): "The visit carries economic goals of 50% of its agenda, especially from the banking side, and the prime minister is aware and fully oriented towards supporting the reform of the banking sector, which is included in the ministerial program." He added, "The prime minister is supposed to meet with representatives of major US banks to request facilities for the Iraqi banking system, as well as he will meet with officials of the US Treasury Department and the Federal Bank, and we expect that there will be an official request to remove sanctions on some of the sanctioned banks that have not been proven violations." Iraq turned into a workshop Meanwhile, economic expert Abdul Hassan al-Ziyadi confirmed in his interview with the Iraqi News Agency (INA) that "Iraq seeks to invest in the strategic framework agreement and the visit would remove the problems, especially financial, that plagued the relationship between Baghdad and Washington in previous governments, which the current government moved to implement real reforms to end it." He added that "the government of Prime Minister Mohammed Shia al-Sudani has implemented actual and practical steps in the field of financial and banking reform, accompanied by economic mobility to implement important projects that turned Iraq into a workshop, which invested in government work that enhanced political and security stability and provided the appropriate ground for the private sector and foreign investment to exploit the great opportunities in the fields of construction, reconstruction and strategic projects." He added that "the activation of the strategic framework agreement with its financial, economic and investment aspects will contribute to the United States, as the first economy in the world, playing an important role in supporting the investment movement and the Iraqi economy," noting that "the Prime Minister accompanied with him a delegation representing the Iraqi Private Sector Council, and this is a precedent that occurs for the first time in Iraqi governments, and it represents great support for this sector in establishing partnerships with American investors and companies to support the investment movement in Iraq." An important visit in light of regional conditions Economist Nabil al-Tamimi said in his interview with the Iraqi News Agency (INA) that "the visit is one of the most important stations for drawing Iraq's foreign policy in light of the current regional conditions and its main goal is to draw the future relationship between Baghdad and Washington through bilateral agreements, and the fact that the Prime Minister is working to draw a framework for the relationship between Baghdad and Washington that suits Iraqi ambitions to preserve sovereignty as well as enhance economic and trade cooperation and cooperation in combating corruption."
    13 points
  38. 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 Pimpy On the one hand this [Closing Iraq's DFI in the United States] is a big step for Iraq. They now have control over their own funds and they can make their own decisions without asking for permission. On the downside we still have Maliki and the Coordinating Framework in charge of the government... This is a good thing though. It's a big step for Iraq. It's a big step in gaining their freedom 100%. Internationally it looks really good for Iraq as well...Untied States is saying, 'Look, we trust Iraq can deal with whatever comes at them...' Frank26 [Iraq boots-on-the-ground report] FIREFLY: Have not seen any of it on the news today about the lower notes that are going to be distributed in May... However there are a lot of rumors saying it was something out here today. We have not seen yet but we are looking... FRANK: There are many rumors about the monetary reform right now. Yes there seems to be a rumor about the lower notes...let's see what happens this coming week. Let's see how things start to unfold.
    13 points
  39. I hear ya. It has been confirmed on the WTO site their accession is happening this year. I do feel that very shortly this will be behind us in a good way!
    13 points
  40. 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 Fnu Lnu [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024] The notion of revenue-sharing is nothing new in the Middle East. Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion. Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). [Post 1 of 2...stay tuned] Pimpy Community Comment: "It's the exchange rate. I don't know where they get taking zeros off the bills." Every study out there that talks about the deletion of the zeros tells you it comes off the bank notes...If they delete the zeros, your 25,000 becomes a 25 dinar. They're going to take the zeros off [the rate as well]. .00076 becomes .76...still the same value. You have a smaller denominated note but your purchasing power stays the same. Holy crap, Pimple can even do simple math - they are NOT the same. MarkZ Article Quote: “Iraq’s banking system grows 15.1 percent in 2023 to $158.7 Billion” That is an enormous jump. This is part of the process to reinstate their currency. Deposits continue to increase as more people keep their money in the bank instead of under mattresses. Militia Man Auctions are going to stop as we know them. They're suggesting they have a move... Article Quote: "The bank said it would stop the platform at the beginning of the year..." But then they moved to next April 1st. That's Monday...It's exciting times to be sure. If they're stopping those auctions as we know them something's going to change. Frank26 Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar" THE FINANCIAL FILES WILL REPLACE THE PROGRAM RATE Quote: "The government is planning to reduce the dollar to the official rate." This is certain, but it takes time. Texas Snake ...what my banker has just shared with me: “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FOR DUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND AS OUR INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THE ANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK...PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE, SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”
    13 points
  41. 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 Militia Man Article quote: "Iraq joins FEMOZA" It's the World Federation of Free Economic Zones. Why is this important? Iraq has accession to this...We have the accession law to join the European Bank and now we have the accession to the World Free and special economic zones federation...Both of these entities are about finance and building new industrial cities. If you don't think Iraq is going to go international, you might think again... Frank26 Article: "Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House On April 15" SUDANI IS NOT GOING TO DC TO GIVE A NEW EXCHANGE RATE... HE IS GOING TO ACTIVATE IT! Mnt Goat Wars, displacement, and sanctions have left Iraq’s economy underdeveloped and almost solely dependent on oil exports. But things have changed in Iraq and come this mid-year 2024 we are about to see the results of many years or reforms in an explosion of progress in many areas of development in Iraq. You see, all these reforms we all have been reading about in the many articles are all good but unless Iraq actually sees any impact they are meaningless. Oh…but we are about to see the impact and it is going to be HUGE $$$.
    13 points
  42. @Laid Back I have to agree. They will only have minimal success unless they delete the zeros and change the rate.
    13 points
  43. Same here. The feeling is so strong that I feel when it happens I'm going to be like "man that one time I didn't charge up my credit cards"😆😆
    13 points
  44. NOTE: The Chair's visit was the first by a WTO delegation to Iraq, whose accession process started in 2004. There were several visits before the most recent. The Chair of Iraq’s Accession Working Party, Ambassador Saqer AlMoqbel of the Kingdom of Saudi Arabia, visited Baghdad on 15-16 January 2024 to galvanize political support for the resumption of Iraq’s WTO accession process. The Chair engaged in high-level meetings with the Government, emphasizing the importance of the accession process to advance Baghdad’s economic reforms. The Government of Iraq affirmed its full commitment to an early resumption of the process by enacting the necessary economic and legal reforms. During the visit to Baghdad, the Chair was informed that Iraq's initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024. The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq's accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi. The Chair also met with representatives of the European Union and the United States as well as the International Trade Centre (ITC), which provide technical assistance to Iraq. “Addressing Iraq's technical assistance needs would go a long way in facilitating the resumption of the accession work,” he noted. Once the general council or ministerial conference approves of the terms of accession, the applicant's (Iraq) parliament must ratify the Protocol of Accession before it can become a member. The applicant government becomes a full member of the WTO 30 days after notifying the WTO Secretariat that it has completed its ratification procedures. Based on this information, if Iraq is approved in June 2024 it's very possible they can become a member before the end of the year. It would then fall on Parliament to agree to the terms of Accession Agreement.RON
    13 points
  45. Nobody said we are not thankful for the site. Many of us just feel we will never hear from him again. Big difference
    13 points


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