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Showing content with the highest reputation on 05/17/2023 in all areas

  1. What is the easiest way to de-dollarize the country? Put a Ban on the dollar and increase the value of the local currency equal or higher than the dollar. Go De-dollarization Go Stronger Dinar $1+ Go Purchasing power
    12 points
  2. Just to clarify why I, and others, see this as potentially the beginning of the RV. It seems like some others don't see what we see so I want to explain why I'm so excited about this. Iraq must have a stable currency before it starts to change the rate. If it can't maintain a stable rate now while it's almost worthless, how could it have any hope of maintaining a stable rate when the rate is allowed to rise? Iraq has been working hard to stabilize their currency (which, for the last couple of years, has been varying a lot between the CBI rate and the black market rate), and with this move (making people and businesses only use dinar), they're taking a big step to do that. While we all hoped Iraq would start with a bump (starting at $0.10 as Adam thinks or hopefully a lot higher), there has always been the possibility that Iraq could start with a float at the current rate, and then let it gradually go up from there. Now It looks like Iraq has chosen the later. I see the advantage in doing that since it surely is less risky, even though of course I'd prefer a big bump and then the float. But at least, after 12 years, it's some movement an I'm excited and thrilled to see this. So the Iraqi youtuber I follow posted the following today. It's from the Deputy Prime Minister and Minister of Foreign Affairs (I believe he is Fuad Hussein), who supposedly gave a press conference yesterday, and the youtuber posted a screenshot of the translation, which I copied below. He did not provide a link and does not read replies or accept messages, so I can't ask him for a link. But I'm hoping some good Iraq newshound here (like yota?) could find the article so we can verify it's true. I tried to find it myself for almost an hour, but couldn't. Anyway, The Deputy Prime Minster said the CBI has loosened its control of the IQD rate and now will only step in to stabilize it if the rate varies more than 5%, whereas before, the CBI strictly kept the rate fixed. If this article is true, then I say the CBI has already quietly moved to a "restricted" float - and I think that's the beginning of our long awaited RV. Although we all wanted a bump in the rate, I actually think this is a wise move, as we certainly don't want wild swings in the rate with the possibility that the whole thing falls apart and Iraq fails in its effort to successful RV the dinar. I do think this article is likely true because I trust the youtuber. But I still need to verify the source to confirm that, because if the source is unreliable, I won't believe it. And If we can verify that this article is true, then I think it means our train is taking off, albeit slowly, but at least it's finally starting to move. I have no idea how long it will take for the rate to significantly rise to a point where we'll want to exchange our dinar; we'll just have to watch this unfold and see. But first, we need confirm if the below statement is true and that the CBI is already letting the dinar vary/float with the market a little. And then, we need to watch this unfold and see if the CBI is able maintain control and manage the process of letting the rate slowly rise to the true market rate. Also I do not expect the CBI to allow the rate to rise much in the beginning. I think that will happen later after the CBI feels confident it has control over the process. So these are my current thoughts about all this. And any comments or discussion of my reasoning will be appreciated!
    11 points
  3. I also watched the above mentioned video and was skeptical but now it makes sense on why, due to the article being a few days late coming out. This is HUGE NEWS!! Everyone seems to be on the same thought process that it is happening right now and is unfolding rapidly. GO RV/RI
    11 points
  4. 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 Clare Article: "Campaign to support the Iraqi dinar" launched in Diyala" Quote: "...the Organized Crime Director announced the implementation of a major campaign, in cooperation with the Diyala Police, to deal in dinars instead of dollars." Mnt Goat Article: "POLITICAL AGREEMENT TO PASS THE BUDGET LAW IN THE NEXT FEW DAYS" Quote: "...most of the political forces, finally agreed to pass the budget law this week without putting any obstacles.” They are aiming to take a vote on May 17th tomorrow. Frank26 Article: "The government eliminates the hopes of speculators with its new procedures regarding the circulation of the dollar". THE CBI SAYS THE AMERICAN DOLLAR IS NO LONGER WELCOME IN IRAQ!!! BECAUSE THEY NOW HAVE THEIR OWN NATIONAL CURRENCY TO BE INTRODUCED, THANK YOU FOR THE MARSHALL PLAN.
    10 points
  5. 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 Article: "Iraqis banned from dealing in US dollars" Quote: "Government warns of punishments as it tries to control currency crisis that has let to price rise...the surprise announcement ...reflects an attempt to close the gap between the official exchange rate and that on the black market..." Militia Man I believe we are watching Iraq go international. Frank26 [Iraq boots-on-the-ground report] FIREFLY: I went to go see my bank friend. He said in his opinion we should see a rate just prior to the budget being opened...it make more sense he said to do it before or when they open it. Either way it's coming to us. FRANK: Yes it's coming. The problem is we don't know exactly when. The timing will bring you the [lower] notes and the new exchange rate when it's proper. It looks like it's very soon...IMO he is absolutely correct. Either before, or during, or after. The key is - it's coming! Pimpy The representatives have accomplished their second reading of the federal budget and it looks like they're going to do a vote on the budget sometime around the middle of next week or so...if they continue to delay the vote on the budget it's going to make this particular government look bad...will it get passed? You hope, the sooner the better because there's a lot of projects out there that are waiting for funding. If they can get these projects going IMO you'd be looking at some great growth economically over in Iraq...
    10 points
  6. Absolutely HUGE. The horse seems to have bolted out of the barn and we're all a couple days late in knowing about it. Thanks for the great news KristiD and 6l6410!
    10 points
  7. Wowzer! I follow an Iraqi youtuber who reported today that the dinar is now floating, but he gave no source for the information, so I was skeptical. But then I found the following article just now, so I came here to see what people are saying. Thank you 6l6410 for starting this thread!! Below there are more details about how this new law banning USD will work in Iraq. I think this is fantastic news! If Iraq is successful in de-dollarizing, I would think the IQD will have to start floating with the market and stop being pegged at IQD1310 to US$1 by the CBI. What do other people think? Interesting that this happened Sunday, but reports are just now coming out late Tuesday. I wonder how well this is working so far... I just checked CBI.IQ and the rate today is still 1310. But wow! I think and hope this if finally the start of our long awaited RV! I just read an article a few days ago that Iraq is the 3rd largest producer in the Middle East (including everything, not just oil). Surely their dinar is worth a lot more than the current stated value of .00076 of $1USD. If the de-dollarization is successful, I wonder how fast the IQD will start to rise... USD https://thecradle.co/article-view/24880/iraq-bans-us-dollar-transactions-in-latest-move-towards-de-dollarization Iraq bans US dollar transactions in latest move towards ‘de-dollarization’ The Interior Ministry has said that violators of this ban will be subject to legal punishment, including fines and even jail time The Iraqi government issued a ban on 14 May outlawing the use of the US dollar for both personal and business transactions, coming as part of a growing ‘de-dollarization’ trend and an overall decline in Washington’s economic influence. The ban was enforced on 14 May and aims to boost the use of Iraq’s local currency, the dinar. It is also designed to reduce the gap between the official government exchange rate and the exchange rate offered by the black market, which continues to fluctuate and has resulted in price surges. In a statement, the Iraqi Interior Ministry said: “The dinar is the national currency in Iraq. Your commitment to transact in it instead of foreign currencies boosts the country’s sovereignty and economy.” The ministry added that anyone dealing in currencies other than the local currency would be subject to legal punishment and said that it is committed to “hold accountable anyone who attempts to undermine the Iraqi dinar and the economy.” In order to properly enforce the ban, the Interior Ministry’s Crime Directorate has requested that traders sign agreements assuring the government that they will conduct transactions in local currency only. According to General Hussein Al-Tamimi of the Crime Directorate, violators of these pledges will be forced to pay a fine of one million Iraqi dinars, adding that repeat offenders may be subject to prison time. “If the violator repeats it, he will face an imprisonment penalty of up to one year plus a one-million Iraqi dinar financial fine. In case of a third violation, that penalty will be doubled, and we will have the business license turned,” the official added. US dollars are already scarce in the country’s official markets as a result of recently imposed measures by Washington to control the movement of dollars inside Iraq. While the new government of Mohamed Shia al-Sudani has moved swiftly to contain the financial fallout, these US policies have given rise to a debate inside Iraq about the benefits of de-dollarization. Iraqi MP and member of the Finance Committee in Iraq’s Council of Representatives, Hussein Mouanes, told The Cradle in an exclusive interview earlier this month that “Iraq has been and continues to be a slave to the US dollar … every country’s economic strength depends on the strength of its currency.” “It is clear that Iraq is economically dominated by the US, and our government does not truly control or have access to its own money … We believe that it is crucial to move away from the hegemony of the dollar, especially as it has become a tool to impose sanctions on countries. It is time for Iraq to rely on its local currency,” he added.
    10 points
  8. "...the efforts of the chairman and members of the Finance Committee for their role in intensifying morning and evening meetings and hosting, in a way that contributes to speeding up the completion of the items..." Speeding up? Like when one snail pushes another snail kind of speeding up?
    9 points
  9. Encouraging of course, but will keep my eye on the CBI rate. Would love to begin June or July with more money in the bank but I’ve learned the hard way to hold my excitement until we see the official rate at the CBI.
    9 points
  10. Iraq bans US dollar transactions to boost local currency - Iraqi News https://www.iraqinews.com/iraq/iraq-bans-us-dollar-transactions-to-boost-local-currency/
    8 points
  11. Economist: The government is moving towards eliminating the parallel market for the dollar Today 11:28 Economist: The government is moving towards eliminating the parallel market for the dollar | Information (almaalomah-me.translate.goog) Information/Baghdad...Economic affairs researcher Mohamed Attia al-Saadi promised security and control campaigns to deter dollar dealers in commercial markets as the right step towards reducing the gap between the official and parallel prices. Al-Saadi told Al-Maalouma that "the problem of the rise in the price of the dollar did not end with the entry of traders and business owners to the electronic platform to buy dollars from the Central Bank."He added that "many car and electrical companies and traders were dealing in the process of buying and selling in dollars with citizens, which prompted the government to impose dealing with the dinar by force by taking legal commitments." Al-Saadi predicted that "the exchange rate will witness in the coming days a decline in prices," pointing to "the importance of intensifying government measures, monitoring manipulators and cutting off the way towards any speculators who constantly update their methods of speculating in dollars." and exhausting citizens with high prices." Finished 25n
    7 points
  12. Well......that about covers the time frame!.. 😂😂😂
    7 points
  13. Here's an article from Dinarland... Exchange codes activated to set appointments. They are flying in to Reno. Treat as a rumor. Not verified. Your opine. Wolverine: They Are Flying in. ARTICLE: I just received another audio from another leader from T1 & the owner has received the codes to activate the liquidity. Leaders are flying from all over the world to receive their blessing & once that happens they will start distributing the funds to their members.
    6 points
  14. Al-Mandalawi: Putting the final touches on the budget and including it soon on the agenda Time: 05/17/2023 19:09:26 Read: 416 times {Politics: Al-Furat News} Mohsen Al-Mandalawi, First Deputy Speaker of the House of Representatives, chaired today, Wednesday, an important meeting of the Parliamentary Finance Committee, to put the final touches on the draft federal budget law for the years (2023, 2024, 2025). Al-Mandalawi appreciated, according to a statement from his office, a copy of which {Euphrates News} received, "the efforts of the chairman and members of the Finance Committee for their role in intensifying morning and evening meetings and hosting, in a way that contributes to speeding up the completion of the items of the draft budget law, indicating that the discussions for the project's items have reached the final stages, after it hosted The Finance Committee during the past days, gentlemen, ministers, governors, and others, determined the need for each party in terms of financial allocations and spending priorities, and that the final touches are being put on the draft law so that it will be included on the agenda of the upcoming sessions. Al-Mandalawi pointed out, "The draft federal budget law for the three years gave priority to the service side and strategic projects and increasing the share of the development of the regions, in addition to ensuring financial allocations for new appointees from those with higher degrees, seniors, lecturers and other segments." https://alforatnews.iq/news/المندلاوي- وضع-اللمسات-النهائية-على-الموازنة-وإدراجها-قريباً-بجدول-الاعمال
    6 points
  15. There you go! We have all been set up! More truth out of the liars thread! JMHO!
    6 points
  16. We've been standing in line at the Redemption Centers every single day for the last 15 years & they been flying in to Reno every single day since & getting paid. Oh me...oh my...are we ever rolling in dough!
    6 points
  17. Wow..these gurus sound like the Democratic Media here in the US. With all the setups, there should be some spikes to win the game. I have had to cancel too many appointments to cash in.
    6 points
  18. Added @ 8:29 PM CDT: Walkingstick It's all being set up to eventually say to the American dollar bye-bye. Everything you're seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of +/- 2% compliance.
    6 points
  19. Excellent break down! I saw that this morning as well. Like you mentioned I believe we all want to wake up and see a massive change in value but conventional wisdom might make a gradual float alot easier for Iraq to manage. Honestly the fact they banned the USD in the country had me the most excited yesterday. That will make the IQDs value increase no matter what if it's the only thing being used. Now the question is, how long will this increase take to get where we start lining up at the banks. GO RV/RI
    5 points
  20. Well, one thing fer sure, they is gittin' plenty o frequent flier miles! 😂 (My arms are gittin' mighty tard! ) 😂 ✈️
    5 points
  21. Here's other articles related to the above...Why Gurus can't be trusted...once again, one Guru starts a rumor then every Guru jumps on the bandwagon & runs with the very same rumors...funny how that all works... KTFA: It's All Being Set Up. ARTICLE: It’s all being set up to eventually say to the American dollar bye-bye. Everything you’re seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of + – 2% compliance. WalkingStick: It's All Being Set Up. ARTICLE: It’s all being set up to eventually say to the American dollar bye-bye. Everything you’re seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of + – 2% compliance. Sandy Ingram: It's All Being Set Up. ARTICLE: It’s all being set up to eventually say to the American dollar bye-bye. Everything you’re seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of + – 2% compliance. Bruce the Goose: It's All Being Set Up. ARTICLE: It’s all being set up to eventually say to the American dollar bye-bye. Everything you’re seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of + – 2% compliance.
    5 points
  22. Iraq bans US dollar transactions to boost local currency Amr Salem May 16, 2023 Iraq bans US dollar transactions to boost local currency - Iraqi News 2 min 10,000 Iraqi dinar bills. Photo: AFP Baghdad (IraqiNews.com) – The Iraqi Ministry of Interior imposed a ban on the use of US dollars in personal and commercial transactions in Iraq. According to local reports, the ban, which came into force last Sunday, aims to promote the use of the local currency, the Iraqi dinar, and limit the use of the US dollar in Iraq. The measure is expected to reduce the difference between the official exchange rate offered by the government and the exchange rate in the black market, a difference that has driven up prices. The Iraqi Ministry of Interior mentioned in a statement that the Iraqi dinar is the national currency in Iraq, and the commitment to dealing with local currency enhances the sovereignty and economy of the country. The Interior Ministry also indicated that dealing in currencies other than the Iraqi dinar is punishable by law and that it is committed to holding those trying to undermine the Iraqi currency and the economy accountable. To impose this ban, the Interior Ministry’s Anti-Organized Crime Directorate requested merchants to sign undertakings, affirming that they will conduct their businesses only using Iraqi dinars. Director of operations in the Anti-Organized Crime Directorate, Hussein Al-Tamimi, said that violating merchants will be fined one million Iraqi dinars (about $680). Al-Tamimi added that if the violation is repeated, harsher penalties, including imprisonment, will be applied.
    5 points
  23. Thank you, 6ly410. I'm grateful for what you bring everyday to DV, and the dedication you have to inform strangers and friends. It takes a big person to show such selflessness. All posters show this type of character and perseverance. It's hard work to post the news and takes many more steps, discernment, and time than simply a copy and past motion.
    5 points
  24. Eh..I do what I can. Not as much as Clown used to. I miss that guy.
    4 points
  25. Here's an article from Dinarland... I don't know, Frankie! There is no evidence the HCL & RV are in the 2023 Budget. Can you show us any proof? Just asking. Treat as a rumor. Not verified. Your opine. KTFA: Frank26 via WalkingStick. ARTICLE: FRANK TOLD WALKINGSTICK THEY JUST TOLD THEM TODAY IN IRAQ: THE HCL IS IN THE BUDGET. WS RESPONDED & SAID NOT AT A PROGRAM RATE. IT WILL NOT WORK WITH THE ACCOUNTING. THE KNOWLEDGE OF THE HCL IN THE BUDGET IS NOT A CLUE OR A HINT ABOUT A NEW EXCHANGE RATE. IT IS A FACT OF THE MONETARY REFORM EDUCATION TO THE CITIZENS.
    4 points
  26. I hear that the extension of Presidential order #133033 now allows US citizens to invest in Iraqi businesses . Such a synergy of events are occurring now , the budget , ongoing elimination of dual currency , the G7 , and the debt ceiling looming . Biden declares that the US will not default . That takes money ,and where the hell is that going to come from? The US Treasury holds all of Iraq's foreign reserves , and also DFI funds . My guess is that the US powers that be want to hold on to these funds as long as possible , thereby maintaining control over Iraq . Plus this money earns interest and can be leveraged . Dems have taken this as far as they can , and with US default , they can't go any further . Hang tough , you crazy diamonds .
    4 points
  27. Iraq citizens are the most educated people on the planet about their money….it’s still worthless!! LET’S GOOOO!!! Rv already!!!!
    4 points
  28. Here's another article related to the above... CBI Is Not Waiting On Parliament. Treat as a rumor. Not verified. Your opine. RVAlready: CBI Is Not Waiting On Parliament. TIDBIT: It would now seem the RV is in the hands of the CBI & no longer waiting on anything from Parliament. Hopefully, we will see an RI/RV release soon!!!
    4 points
  29. From PowerballMegaMillions.com; Winning Megamillions Numbers Tuesday, May 16, 2023 15 34 36 69 70 MB 17 Megaplier 3X Sorry; We had no winning matches tonight.
    4 points
  30. Just to clarify ; The 1st vote was to occur on May 10, Then, they kicked the can down the road to May 17, Now, once again kicking the can down the road to the "closest date" of May 20 ................. At least they didn't use the old excuse of "Lack of Quorum" ............. Just sayin' ...............
    4 points
  31. correct and show ID or passport as proof of flight normally
    4 points
  32. IMHO. Iraq can't stop all USD transactions. What happens when Iraqis travel to US or purchase property in US? What do Iraqis do when they want to invest in Wall Street or US business? Some Iraq-US exchanges will still be done in USD. IMHO.
    4 points
  33. Interesting. So, please explain how Make America Great Again is a deranged conspiracy theory of a network of people who want to Make America Great Again???!!! Conversely, are you REALLY promoting Make America Disintegrate Drastically???!!! MADD is a Snowflake and Buttercup Idiot Brigade Volunteer Forces common agitant self administrating and self activating WOKE tactic, common, and general practice of the MADD practitioners. Please explain how MADD is at all sustainable and aligning with Life, Liberty, and the Pursuit of Happiness noted in the Declaration Of Independence that True Patriots Of The United States Of America have fought and died for???!!! Is your cognition really so inextricably lodged in your safe space as to be ignorant of the dire consequences of your stated alternate and otherwise counter intelligence???!!!
    3 points
  34. Correct the IMF has told Iraq several different times in the past this was an reqirement to end the dual currency in Iraq each time they had their IMF reviews so Iraq has know this for several years they needed to end this not paying any attention to the requirement. You wonder how many other rules they have been ignoring.
    3 points
  35. i reall needed all the laughs today, thanks everyone !
    3 points
  36. @Luigi1 I think I read something about it being postponed until the 20th.
    3 points
  37. Men !! 1 track mind. 😆 🤣 😂 pp
    3 points
  38. It must really be happening...Iraqi citizens are receiving more advanced education from the CBI.
    3 points
  39. 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 Clare Article: "Iraqis banned from trading in US dollar" Quote: "The Iraqi Ministry of Interior issued a ban...prohibiting traders and civilians from conducting business in the United States (US) dollar," Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say now we are banned from using dollar here and we will be held accountable if used dollar in any way. It seems that we're getting close to something dramatic happening..!
    3 points
  40. China notices US weaponry defeating Russia in Ukraine. Remember how I mentioned that this POTUS administration has a tight grip on the media complex here in the US ? The narrative that US weaponry is defeating Russia in Ukraine is pure propaganda spread by our corrupt main stream media. Russia is winning the war in Ukraine hand over fist. Last night, Russian intel and forces used hypersonic missiles to bomb every site that stored our $80 billion in military aid. And no, you cannot shoot down hypersonic missiles with subsonic weaponry. I am just waiting for China to invade Taiwan next.
    3 points
  41. Well if that is the case how about ALL the EOs he signed reversing Trump policies on the border energy etc.? Seems as though they have taken effect and seem to be working for the destruction of our nation.
    3 points
  42. The Fat Lady is humming as she mounts the stage with mic in hand. 🎵🎵🎵
    3 points
  43. So are we a little excited for tommoriws budget approval? Could this be a huge step, dare I say a preparation for the fat lady to finally sing? Could we alll be seeing our hopes, dreams and ability to help others finally come to a reality? I hope so. I'd like to think our ride is coming to an end. Thoughts?
    3 points
  44. MM 07 09 18 20 59 MB 12 PB 02 08 17 33 55 PB 21
    3 points
  45. MM 16 May 23: 25, 31, 40, 68, 70 - 11 PB 17 May 23: 3, 18, 30, 45, 52 - 20 👍🏻🇺🇸
    3 points
  46. CL, the only reason Newsmax is going up in ratings is due to people boycotting Fox over the Tucker Carlson firing .
    3 points
  47. Wait ! It ain't over yet. China is hurting just like the USA and many other countries. You don't hear about it because in China they have State controlled media outlets that control any and every narrative out there in China. When you control, like a vice grip, finance, food, fuel , and flow of information, you control the people. So we need to fight strategically/legally against that becoming the norm here in the USA. As with this current administration who hold all main stream media propaganda machines in the tightest grip ever.
    3 points


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