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  1. 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
    22 points
  2. local Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar Today 13:45 Information/Baghdad.. Today, Thursday, the Parliamentary Finance Committee announced its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market. The Media Department of the House of Representatives stated in a statement received by the “Al-Ma’louma” Agency, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar and control the market in order to alleviate the burdens of citizens and address the deficit." For his part, the Governor of the Central Bank reviewed "the economic and monetary aspect, pointing out" the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising "the role played by the Finance Committee in following up on the country's financial and economic movement." Ended/25 https://almaalomah.me/news/58798/local/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9:-%D9%86%D8%AA%D8%B7%D9%84%D8%B9-%D9%84%D9%84%D8%AA%D9%86%D8%B3%D9%8A%D9%82-%D9%85%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%82%D9%8A%D9%85%D8%A9
    21 points
  3. 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
  4. Interesting…!!! Two news articles this week talking openly about raising the value of the dinar. Where there’s smoke 💨There’s fire 🔥 Give me $0.76 per dinar and I will never look back. Go delete of 000 Go Lower denomination notes Go Stronger dinar Go purchasing power
    20 points
  5. “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
  6. “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
  7. WTO and ASYCUDA = Open Market Economy. Go Open Market Economy Go Trade Go Import/Exports Go Stronger Dinar
    19 points
  8. 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
  9. 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
  10. 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. https://www.jpost.com/middle-east/article-791161 is that .76 cents
    17 points
  11. I totally agree with you Dinarrock, The CBI has been complaining for years about the hoarded cash mass. I have read many articles where they mentioned different amounts of hoarded cash 73 trillion, 84 trillion and now 95 trillion. They are not telling us the real amount of hoarded cash. We know the CBI have collected a lot of the hoarded cash. - The citizens can’t use the dollar anymore since 1/1/24. Only Dinar - All public servants are paid electronically - Increased financial inclusion from 11% to 23% - All trade is paid in Dinars - Increased of ( POS ) Go delete of 000 Go LD notes Go Stronger dinar Go purchasing power
    17 points
  12. 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
  13. 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.
    15 points
  14. 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
  15. “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
  16. 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
  17. Me too! It’s really hard to believe they are broadcasting this, I was always in the thought process, that number was top secret. One day it’s 1310 next day it’s a $1.00 or whatever the rate maybe! Also I will believe it when I’m at WF changing my IQD to $!!! 🤠
    15 points
  18. This is correct, but don't forget to convert it to dollar value. For every 1 dollar, you will be able to buy 1.32 dinars, or .76 cents worth. I hope it goes higher too. ☺️
    15 points
  19. Parliamentary Finance Committee: We look forward to coordinating with the Central Bank to increase the value of the dinar and control the market Thursday 14, March 2024 13:43 | EconomicalNumber of readings: 160 Laghdad / NINA / The Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market. She told the House of Representatives Media Department in a statement that, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar and control the market in order to alleviate the burdens of citizens and address the deficit." For his part, the Governor of the Central Bank reviewed, according to the statement, "the economic and monetary aspect, pointing out" the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising "the role played by the Finance Committee in following up the country's financial and economic movement." The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law./End 5 https://ninanews.com/Website/News/Details?key=1112920
    15 points
  20. Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the World Trade Organization was imminent, while he stressed that the current federal government would achieve self-sufficiency and not depend on the importer Go Iraq Go WTO Go Open market economy Go trade Go economic growth Go Stronger dinar
    15 points
  21. 23k Posted 7 hours ago IMF Promises to support Iraq's Digital Transformation Economic News Agency - IMF promises to support digital transformation in Iraq (economy-news.net) The Iraqi delegation, headed by Finance Minister Taif Sami, concluded on Thursday its talks with the Article IV mission of the International Monetary Fund (IMF) staff in Amman. The Ministry of Finance said in a press statement that "during the talks, they reviewed the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development structure, financial sustainability and maximizing non-oil revenues." According to the statement, the Iraqi delegation stressed that "the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement and customs sectors, and to enhance efforts to participate in the private sector through investment incentives, infrastructure and reconstruction," noting "its intention to continue discussions and consultations during the Fund's periodic annual meetings." The IMF mission praised "the good progress achieved in many financial and monetary aspects, in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the return of growth in the non-oil sector strongly during 2023 with a noticeable decline in inflation rates, and its reflection on the decline in food and energy prices." The mission noted "the positive developments from the return of trade finance operations to normal and the stability of the foreign exchange market following the implementation of anti-money laundering and combating the financing of terrorism controls on cross-border payments," welcoming "government plans aimed at strengthening public financial management, including welcoming the steps taken by the government towards establishing a unified treasury account, improving cash liquidity management and increasing the tax base, as well as reviewing the tariff structure and achieving further targeting in the country." Social support and care." The mission also expressed optimism that "the level of understanding and progress achieved with the Iraqi government and the steps of coordination and joint consultations that will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of international conflicts and their accompanying economic impacts," explaining that "structural reforms aimed at stimulating economic diversification and creating jobs led by the private sector are pivotal to achieving sustainable and inclusive growth." According to the statement, priorities include creating equal opportunities for the private sector through banking and electricity sector reforms, reducing distortions in the labor market, and continuing efforts to strengthen governance and reduce the spread of corruption. Looks like the IMF is happy with the latest developments in Iraq. Go Iraq 🇮🇶 Go development Go Economic growth Go stronger dinar
    15 points
  22. 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.
    14 points
  23. 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.
    14 points
  24. 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
  25. 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
  26. 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
  27. 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
  28. Spineless Man. I wonder how much he got paid to act like a republican while serving the left.
    14 points
  29. 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 I hold millions of dinar and people act like I don't want the $3.22 exchange rate with the current currency, 'No, Pimpy doesn't like it. He doesn't believe in it.' What the hell are you talking about? I own millions of dinars. Nothing would make me more happier than for them to jump up to a $3.22 rate and keep the same bank notes that we got now. Clare Article: "Al-Sistani: The beginning of the month of Ramadan is today, Tuesday”
    14 points
  30. Gee, I don't know ........ .76 after all this time ?? I think, I'm going to hold out for .77 or maybe .78 and then I'll start to think about it In reality @ .76 I'm gone, pay the taxes and fees and never looking back ................ RV there yet ??
    14 points
  31. 1320.0 to 1.3200 is from removing 3 zeros. I believe the revaluation will come after the deletion of the 3 zeros and will bring the rate higher than 76 cents.
    14 points
  32. “the Ministry of Finance does not intend to delay the release of budget and there are technical matters that must be completed before the allocations for governorates and ministries are released.” Changing the exchange rate is a technical matter. Go Stronger Dinar.
    14 points
  33. Remember what PM Al-Sudani said. ” Keep your Dinar because your dinar is stronger “ “Iraqi dinar will return to its lofty economic value” $1/1320 = 0.00075 Delete the 000 = $0.75 $750,000 per million IQD Go delete of 000 Go stronger dinar Go purchasing power
    14 points
  34. 148 trillion IQD / 1310 = $113 billion dollars in foreign currency reserves. This is interesting, in the past they always referred to the foreign currency reserves in billions U.S Dollars. Now they referred in Trillions IQD. It brings to my mind the words of PM Al-Sudani; “keep your dinar because your dinar is stronger” Go Sovereignty Go Local currency Go Stronger Dinar
    14 points
  35. 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.
    13 points
  36. 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 Don't despair if you're having trouble at banks...IMO just go to a bank that exchanges foreign currency. We're using Chase as one example. There's others. Go to that bank and simply open a savings or checking account. If they ask you why do you want to open this checking or savings account tell them because, 'I have money...I want to put into the account.' Once you have your account open, go home and just sit there and wait until it happens...When the blessing occurs go back to that bank and tell them, can I talk to your Wealth Manage Department? They'll send you to the back, away from the bank and they will take care of you... Pimpy People always say, Oh, you know, President Bush said the Iraqi dinar will pay for the war itself. No, what he said was Iraq would pay for the war itself, not the Iraqi dinar. (True...But they would use the IQD..! Remember all the Coalition countries got IQD as collateral.) They're talking about the oil. It wasn't even Bush that said that...Not so sure about this statement; however, Bush would tell GI's he visited in the hospital to get some IQD - a fact... 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. Militia Man The private sector is going to be the fuel to what they consider is the most important project in the world (Development Road project). Their words not mine. Article quote: "The initial designs for the Development Road Project have reached advanced stages... The development road is a vital project, one of the most important projects in the world..." Paulette While Iraq appears to be on the way to a full RI, I believe there will be an interim step very soon. If they make the move I anticipate the MCP will be quickly eliminated and they can proceed to a full RI. A RI is full Article 8 compliance and a return to the rate that reflects the True Value. In 2009, the MOP/MOF stated move to 1.14-1.17USD/IQD and monitor for inflation up to 3 years and then move the rate to reflect the True Value of 3.208USD/IQD. This was the plan of Dr. Shabibi, and it appears they are back on track following that plan.
    13 points
  37. 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
  38. 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
  39. 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
  40. Thank you @Mary B , you absolutely nailed it with the articles today !! Thank you so much for taking the time to share with the rest of us. pp
    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 MarkZ Article: “Iraq’s ruling coalition may call for early elections” The Iranian lined up divisions seem to be afraid of Sudani. But he has about a 78 percent approval rating from the people and has gotten a lot done. But this statement is what they fear the most right now: ”The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.” Implementing such a decision is likely to significantly increase Al Sudani’s popularity. [post 1 of 2] MarkZ What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question” I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure...I still believe it will be higher... But to see it openly discussed in their news is huge. [post 2 of 2] This all sounds amazing. I hadn't seen the article, but ...Let's hope they pull the trigger.
    13 points
  42. 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 Question: "Do you believe one more move to 1,000 or RI?" It looks like 1310 might be what they were seeking. Maybe a dollar is not enough. Pimpy You can still see Iraq is taking the steps necessary to deal with corruption, update all their systems so they can keep better track of things and continue down the path to joining the international community...Iraq has taken all the steps necessary...It's looking very good for Iraq as long as they stay on this path... MarkZ Comment: ...contacts in Iraq...think it will go between the 10th to the 24th of March. Mark: That’s the general consensus amongst my Iraqi contacts as well…. We will see how it plays out. MarkZ Comment: I think .76 cents is a sucker rate. Mark: I also believe .76 cents would be a sucker rate. Comment: Maybe .76 cents prepares the forex market for what is to come. So $3.50 to $4.25 won’t surprise them? Mark: I agree and it also prepares the people for a different rate. This big a change needs to be prepared for.
    13 points
  43. Absolutely! That line " nothing happens during Ramadan" has been pounded into people's heads year after year. Horsepucky! There's been all kinds of action , and wheels turning during that time, every year!! I cringe when I hear that BS phrase, lol
    13 points
  44. It will be influential.” Iraq completes its preparations to join the World Trade Organization Posted 50 seconds ago “It will be influential.” Iraq completes its preparations to join the World Trade Organization - Iraq News (iraqakhbar-com.translate.goog) News source /Baghdad today Baghdad Today - Translation Today, Tuesday (February 27, 2024), the BNN network, which specializes in economic affairs, revealed that the Iraqi government has completed the requirements for joining the World Trade Organization after “improving” its economic and trade conditions internally, in addition to improving investment conditions. The network said, according to what “Baghdad Today” translated, that Iraq has completed all preparations within the timetable set for it by the organization to integrate its commercial operations with its businesses around the world, stressing that Iraq is now able to enter the global trade market through the organization on a large scale. It is noteworthy that Iraq submitted an application to enter the organization in 2004, and the application remained pending until the conditions for entry into the international organization were met, which have now ended. The network says that Iraq “will return to becoming an influential member in terms of international trade and economics through the role it enjoys geographically and economically among the countries of the organization.”
    13 points
  45. Are you serious?!?! Out of everyone; he is making progress.
    13 points
  46. So let me get this straight, if you get one, you’re gonna be like Opra and get all of us one? 😉😂
    13 points


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