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  1. Good stuff. Whether the CBI would put a cap on the growth or not... I am inclined to agree that they will. But there's a strong argument for that cap being $1
    25 points
  2. More positive news….. More progress.! it will "pave the way for deepening financial cooperation and investment." Just imagine the amount of trade with the European Union 🇪🇺 when Iraq 🇮🇶 move to an open market economy. Go Iraq Go International Go stronger dinar
    19 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... RON *** Frank26 Article: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." Wow! Can we have a standing ovation? ...this is the CBI saying this...this is the mother of all articles. Quote: '...let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.' The CBI wants to show the Iraqi citizens the NSCNs/new exchange rate as soon as possible and if you GOI are not ready by the 15th then we the CBI will show the citizens to reduce any confusion... *** MilitiaMan Article: "The outlets announce an agreement with the customs to activate the customs and tax receipt program" This to me suggests there is a game plan to going international. They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority. ...The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way...They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place...
    19 points
  4. Iraq removed from EU list of high-risk money laundering countries The European Union's ambassador to Iraq said the move would 'pave the way for deepening financial cooperation and investment' Six years ago Iraq was added to the EU's list of high-risk countries for money laundering (AFP/File photo) By MEE staff Published date: 11 January 2022 18:59 UTC | Last update: 2 hours 23 mins ago Iraq has been dropped from Europe's list of countries at high risk for money laundering and terror financing, a move that could help boost the country's foreign investment. The European Union's ambassador to Iraq, Ville Varjola, held talks with Iraqi Prime Minister Mustafa al-Kadhimi on Sunday and informed him of the "good news", saying the move would "pave the way for deepening financial cooperation and investment". The European diplomat did not specify any reasons for the changes, but the bloc's criteria for being a high-risk jurisdiction include failing to criminalise money laundering, the failing of banks to report suspicious transactions and failing to implement targeted sanctions. Kadhimi welcomed the decision, saying on Twitter that it was "an important step in dedicating effective Iraqi diplomacy to serving the interests of the country". "Governmental and diplomatic efforts are continuing at various levels to serve our national interest and achieve Iraq's deserved status," he said. Iraq was added to the list six years ago and since then officials in Baghdad have urged the EU to reverse the decision. In 2019, Baghdad's anti-money laundering and counterterrorism financing laws were described by the EU as having "strategic deficiencies". Iraq's foreign ministry said the move would pave the way for "economic partnerships that push the wheel of reconstruction and investment". "Iraq's exit from the list of high-risk countries represents an important success for Iraqi diplomacy, especially for state institutions that are concerned with Iraq's compliance with the standards of international law," Ahmed al- Sahaf, a foreign ministry spokesman, told The National. "Terrorism and the financing of terrorism is an international challenge, and for Iraq to succeed in complying with the criteria of this regulation reflects the confidence of the international community in the Iraqi government." Foreign investment Officials in the northern Kurdish region also said the move would help attract more economic cooperation between Iraq and the rest of the world. "In recent years, the KRG [Kurdistan Regional Government] and the federal government in Baghdad have worked together with our partners in the international community to target the financing of terrorism and criminal networks, including illegal currency auctions and informal money service businesses," Masrour Barzani, prime minister of Iraq's Kurdish regional government, said in a statement. "The success we have achieved together with the contribution of Europe should encourage cooperation in order to provide a bright economic future for our generations." In recent months, the country has attracted a number of foreign investments, including in September 2021 when it signed four contracts worth $27bn with French multinational TotalEnergies for oil, natural gas, solar energy, and water projects in the southern Basra governorate. Iraq has also opened an account with the China-backed Asian Infrastructure Investment Bank and has deposited around $100m in the account for possible future payments for infrastructure projects. Iraq has begun the process to form a new government, following an early election held in October 2021 that saw influential Shia cleric Muqtada al-Sadr win a majority of seats in the country's parliament. On Monday, the new parliament elected Sunni lawmaker Mohammed al-Halbousi as speaker in the legislative body's first session, paving the way for the election of the country's new president and government. https://www.middleeasteye.net/news/iraq-removed-eu-list-high-risk-money-laundering-countries
    18 points
  5. Maliki’s time to face Justice is getting closer. He knows Iran is losing political power over Iraq. He’s doing all kind of political maneuvers to create the largest block in parliament but Al Sadr is blocking every attempt. Go Iraq Go new GOI Go Justice Go freedom
    17 points
  6. Now all they have to do is spend the next 20 years writing something on those white papers.
    16 points
  7. A Deputy Threatens Not To Pass The Budget Until After A Reduction In The Exchange Rate Of The Dollar Against The Dinar January 16, 2022 USD-Iraqi dinarThe Independent – Representative of the State of Law coalition, Firas Al-Maslmawi, confirmed that his coalition and other representatives within the same direction will not allow the budget to pass for the current year except after a reduction in the exchange rate of the dollar against the dinar, pointing out that changing the exchange rate and its rise did not achieve any benefit, and worked to starve the people. Al-Maslamawi said in a press statement, which was monitored by The Independent, that “the general budget for the current year will not be passed in Parliament if the dollar exchange rate continues as it is at the present time.” He added, “The significant rise in the exchange rate has caused a lot of harm to the people, and it cannot be allowed to continue rising in the current year’s budget, especially since the price change by the government did not achieve any benefit other than starving the Iraqi people.” And he indicated that “the change in the exchange rate has caused great damage, especially the poor class, and therefore it will not be allowed to continue rising, as there will be a movement towards independent representatives and supporters to reduce the price in order to proceed with it and not pass the budget according to the current rise.” MUSTAQILA.COM صفحة رئيسية وكالة انباء محلية تعمل على نقل الحقيقة واعادة بثها بصيغ متطورة تستفيد منها كافة شرائح المجتمع، تابع اخبار العراق من المستقلة.
    15 points
  8. BAM! Gulf War: The United Nations Committee Announces Payment of Final Reparations to Kuwait January 13, 2022 peace and security The United Nations Commission on Compensation for Damage Resulting from Iraq's 1990 invasion of Kuwait announced on Thursday that more than 30 years after Saddam Hussein's invasion of Kuwait, Kuwait has received the latest war reparations from the State of Iraq. Thus, Baghdad has completed compensation payments and paid more than 629 million dollars for the losses resulting from Iraq's invasion of Kuwait in 1990, and its occupation of it for a period of seven months. In a statement, the Compensation Committee said: "Today, the United Nations Compensation Committee provided the Government of the State of Kuwait with an amount of $629,324,488 to pay the Committee's remaining claim with an unpaid compensation balance." With this amount, all claimants who were awarded compensation by the Commission will now have received the full amount of their compensation. Over the past 30 years, Iraq has paid Kuwait $50 billion in war reparations. However, in light of the financial difficulties due to the pandemic, and the drop in oil prices, Baghdad demanded to postpone the payment of the remaining two billion dollars. In total, the commission has paid $52.4 billion in damages to more than 1.5 million claimants worldwide. The UN Compensation Commission related to the Gulf War had received about 2.7 million claims and completed its review of all claims in 2005. An extraordinary session on the occasion of the end of its work As the commission approaches its conclusion, a special meeting of the Board of Directors will be held on February 9 to celebrate the full payment of all compensation awarded by the commission and the expiration of its mandate. The successful claims were paid from the UN Compensation Commission Fund, which received a percentage of the proceeds from sales of Iraqi oil and petroleum products exports. This percentage has been established pursuant to various Security Council resolutions and Governing Council decisions of the Committee and was recently set at 3 per cent by Governing Council decision 276 (2017). The Commission was established in 1991 as a subsidiary organ of the UN Security Council, in accordance with Security Council Resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for losses and damages incurred by individuals, companies, governments and international organizations as a direct result of Iraq's invasion and occupation of Kuwait (from 2 August / August 1990 to March 2, 1991 https://news.un.org/ar/story/2022/01/1091632
    15 points
  9. Agreed. I think an RV/RI of the Dinar or at a minimum going international at a low rate and letting it float will be the catalyst that helps them achieve the growth rate talked about in these articles. Go RV 1st Qtr 2022! Thanks again Yota!
    15 points
  10. More good news.!! Iraq continues moving forward. “The World Bank expected that Iraq will witness the highest economic growth among the Arab countries during the years 2022 and 2023, while an expert confirmed that the country is still a rentier economy.” This could be year when Iraq will move to an open market economy. Go Iraq Go international Go stronger dinar Go growth
    15 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... RON *** Sandy Ingram Article: "Iraq stock exchange trades 930 billion shares in 2021" This is up 131% from last year...you should also know... Article: "Economic center: 2021 saw a dramatic rise in the prices of the capital Baghdad's real estate." ...in 2021 there was a significant increases in real estate prices in Baghdad capital area in commercial and residential buildings. It is believed these prices could exceed prices in Dubai and/or London. *** Walkingstick ...It's in print now...the way that the CBI is printing this education is for the citizens to properly interpret the monetary and economic reform. It's not for them as investors.
    14 points
  12. The losers of the elections the “Shiite party” with the help of Hezbollah brigades and the orders coming from Iran. Are destabilizing the country to prevent the formation of the government. Just my opinion Go Al Sadr Go Sovereignty Go freedom
    14 points
  13. They actually want to get the dollar off the street, so hoping it will come out at $1 to $1, which I think they can handle.
    14 points
  14. A report expects Iraq to achieve the highest economic growth among the Arab countries during 2022 05:50 Fourth - Baghdad The World Bank has announced an expectation that Iraq will witness the highest economic growth among Arab countries during the years 2022 and 2023. The current January report of the World Bank stated, "It is expected that Iraq will witness the highest economic growth among the Arab countries and the State of Iran during 2022, at 7.3 percent, up from 2.6 percent in 2021, after this growth decreased to -15.7 percent in the year 2020." , indicating that "it is expected that economic growth in Iraq will remain higher than the rest of the Arab countries for the year 2023, despite its decline to reach 6.3 percent." The report added, "It is expected that the economic growth of Saudi Arabia in 2022 will be 4.9 percent, Qatar 4.8 percent, Kuwait 5.3 percent, Egypt 5.5 percent, UAE 4.6 percent, Bahrain 3.2 percent, Tunisia 3.2 percent, Jordan 2.3 percent, and Algeria." 4.1%, Iran 2.4%, Djibouti 4.3%, Oman 3.4% and Algeria 2%. He explained, "Economic growth declined in Lebanon in 2021 to -10.5 percent, and economic growth in Libya rose in the same year to 78.2 percent." The World Bank raised its forecast for the economic growth rate for the Middle East and North Africa region, in conjunction with the recovery of sectors that have been severely affected since the outbreak of the pandemic, coinciding with the rise in oil prices and the easing of monetary policies. The World Bank expected growth in the Middle East and North Africa to accelerate to 4.4% in 2022, after raising expectations issued in June 2021, with the region’s economy growing by 3.4% in 2023. With the recovery of sectors that depend on communication, and the decline in oil production, As well as the facilitative policy environment in general.
    14 points
  15. World Bank: Iraq will witness the highest economic growth among the Arab countries within two years 2022-01-12 03:36 Shafaq News/ The World Bank expected that Iraq will witness the highest economic growth among the Arab countries during the years 2022 and 2023, while an expert confirmed that the country is still a rentier economy. The bank said in its report for the month of January, seen by Shafak News Agency, that "Iraq is expected to witness the highest economic growth among the Arab countries and the State of Iran during 2022, at 7.3 percent, up from 2.6 percent in 2021, after this growth decreased to -15.7 percent in the year 2020, indicating that "it is expected that economic growth in Iraq will remain higher than the rest of the Arab countries for the year 2023, despite its decline to reach 6.3 percent." The bank added that "the economic growth of Saudi Arabia in 2022 is expected to be 4.9 percent, Qatar 4.8 percent, Kuwait 5.3 percent, Egypt 5.5 percent, UAE 4.6 percent, Bahrain 3.2 percent, Tunisia 3.2 percent, Jordan 2.3 percent, and Algeria 4.1." percent, Iran 2.4 percent, Djibouti 4.3 percent, Oman 3.4 percent and Algeria 2 percent. While the bank did not indicate its expectations for Lebanon and Libya due to the lack of clear economic indicators for it, noting that "economic growth declined in Lebanon in the year 2021 to -10.5 percent, and economic growth in Libya rose in the same year to 78.2 percent." The World Bank raised its forecast for the economic growth rate for the Middle East and North Africa region, in conjunction with the recovery of sectors that have been severely affected since the outbreak of the pandemic, coinciding with the rise in oil prices and the easing of monetary policies. The World Bank expected growth in the Middle East and North Africa to accelerate to 4.4% in 2022, after raising expectations issued in June 2021, with the region’s economy growing by 3.4% in 2023. With the recovery of sectors that depend on communication, and the decline in oil production, As well as the facilitative policy environment in general. For his part, the economic expert, Hilal Al-Tahhan, considered in an interview with Shafaq News that "the rise in economic growth in any country is a positive indicator of the improvement of its economy, but at the same time, Iraq is still considered rentier and depends mainly on the oil sector." He added, "The higher the oil prices and the higher the production, the higher the growth in Iraq, but from the economic point of view, relying on one resource to achieve the growth rate is a negative point, not a positive," stressing that "Iraq needs to develop and diversify sources of income and focus on the agricultural, industrial and tourism sectors to contribute." effectively in achieving the growth rate and not relying on oil only to achieve an increase in the growth rate.” Al-Tahhan also pointed out that "Iraq needs to diversify sources of income," noting that "all countries of the world that depend on one source of income are considered disadvantageous for their economy. The correct economy is the economy that depends on all economic sectors to achieve an increase in the growth rate." The economic expert concluded his speech that "there is a plan that the government seeks to achieve, which is to focus on the agricultural, industrial and tourism sectors in order to increase the rate of economic growth in the near future."
    13 points
  16. 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... RON *** Kaperoni Article quote: "Iraq's new parliament elects Sunni lawmaker Mohammed al-Halbousi as speaker, marking an important step towards establishing a new government.." *** Sandy Ingram The world bank reports that over the last decade Iraq's oil revenues have amounted for more than 99% of exports and 85% of the government's budget and 42% of the GDP. Based on the World Bank's recommendation when the country provides a higher percentage of income and jobs outside of the oil then we can look for a possible float in the Iraqi dinar...
    13 points
  17. 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... RON ** Frank26 All I want is the new rate and the new notes. You won't get them until at least this government is seated...Let's see what happens. We know what we read in an article, [The mother of all articles the CBI says if you're not ready GOI to heck with it we'll take care of it...] ** MilitiaMan ...All looks very very very good. The private sector and or market economy will require a REER [real effective exchange rate]. The USA embassy has today commented on the support for Iraq to do international trade. Even with China. So, lets see what gives. My view is we are very close to seeing it... ** Frank26 Article: "World Bank: Iraq will witness the highest economic growth among the Arab counties within 2 years" Seriously? At a program rate? At a used toilet paper program rate? Really? The writing is on the wall...it is in print. It's not my opinion. It is the opinion of the Central bank of Iraq that they're going to raise the value of their currency as soon as the government is seated and if the government is horsing around and they're not seated the CBI is still going to move forward whether they like it or not. It's that simple.
    12 points
  18. OMG, what next! Well, here we all are! The 1st two weeks of a wide open window have come and gone, with little or no movement, except that of the Poo-Roo Gurus, stink-a-Roos! They are pulling out some oldies but goodie’s! I’m still trusting that we see the IQD RV this year! We still have a month and half left in our window 🪟 of opportunity! Hopefully, 2022 will not be another wasted year!! Go RV! JMHO 🤠
    12 points
  19. 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... RON ** Frank26 [Bank experience] BRIAN: I went to BOA. I'm in the north east part of the country...my goal was to...find out if they exchanged currencies... My first question was do you exchange foreign currencies here. He [teller] said, 'We absolutely do.' My second question was could you get me an appointment/name of the highest banker that you have at this...branch? ...He picked up the phone and made a call...I really didn't expect to get to speak to someone...His official title was Officer of the Finance Center and Branch Manager. I explained to him I was part of a group that had invested in an undervalued currency..[Post 1 of 2]. ** Frank26 [Bank experience cont.] ...I said we had a significant amount of this currency and...if we were able to put a significant amount of dollars in his bank what are the things he could do for us that would make us want to select Bank of America to move forward. He was very receptive of it...He finally asked what is the currency you're looking to exchange? I said it's dinar, have you ever heard of it? He said no...But later on... he says, '...I think I have heard of this.'...I asked if he had a De La Rue machine. He said no...I asked if they charge for a spread...He said they don't...But...they do charge for whatever the exchange rate is. I asked if that was negotiable. He said absolutely in the right scenario..[Post 2 of 2]. Now we're going to see a flurry of idiots, relatively new to the dinar, running to banks asking more dumb questions. This happens every time these clown gurus start spouting their nonsense of an imminent RV....not to mention names, but aren't usually posted by me here...Whatever you do, DON'T bug the Banks until there is an actual value increase...Ron ** Vital Brad I think we have a front row seat to some really really big things coming. I really do. I think we're on the brink of watching a major change happen. If we are looking in the right place we're going to watch it unfold. Where most people have no clue what's even happening/what's going on, their heads are so far up their own tailpipe. They're so sucked into the news and the media...they're so lost and caught up into what other people are saying...you have to have your own opinion...
    12 points
  20. Luigi found this article of Dinarian interests... Treat as a rumor. Not varafied. Your opine. Fleming: IRAQ HAS “OPENED THE WHITE PAPER”... The Iraqi leadership, including the newly elected leadership – including the many newly elected Presidents; didn’t like the previously published IQD “International Rate.” This disagreement caused a slight delay while this new starting/floating rate of over $11 US, was formally approved and changed. Nothing else in the White Paper was changed. Today we’re told that Iraq is planning a Saturday announcement.
    11 points
  21. 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... RON *** Vital Brad *** Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
    11 points
  22. I wasn't watching Forex back in the so called Glory Days, but through the years, I have read from numerous people that the dinar was not traded at $3.22, that it was a rate that was fixed by Saadam at the time. I do understand Iraq should be at least equal to the rest of the middle east countries that have oil, but I really don't think they are going to come out at $3.22 or better. JMHO, but things are different now days, and I think Iraq will be doing things different now.
    11 points
  23. Al-Zamili: We will not allow Parliament to be disrupted, and we will put an end to the issue of absences 02:34 - 12/01/2022 Baghdad - Mawazine News , the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, stressed, on Wednesday, not to allow the Parliament's oversight and legislative role to be disrupted, noting that the Presidency will put an end to the issue of absences that were repeated in previous sessions. Al-Zamili said, during his attendance of the introductory symposium for the new members of the House of Representatives for the fifth parliamentary session, according to a statement by his office received by Mawazine News, that "the members of the House must be trusted before God and the people have confidence in them to achieve the desired reform at the parliamentary and governmental levels." He stressed that "the Presidency will not allow the oversight and legislative role to be disrupted for the current parliamentary session, and that it will pay great attention to approving the suspended laws that concern citizens and contribute to building the country and fighting corruption, as well as putting in place effective mechanisms to reduce the issue of MPs' absenteeism that was repeated during previous sessions." Al-Zamili stressed that "the Presidency of the House of Representatives seeks to make this session the most prominent and effective by voting on laws related to the economic, security and agricultural aspects, tackling unemployment, combating corruption, drugs, smuggling operations, border control, and others." He added, "The legislative institution will monitor and evaluate the government's performance, regardless of who will head the next government, and it will be firm and serious in holding it accountable to ensure the building of a strong and prosperous Iraq in which the people enjoy prosperity and safety and free of corruption." Ended 29/N33 https://www.mawazin.net/Details.aspx?Jimare=181408
    11 points
  24. In the last few metres.. the framework pushes al-Sadr to a "compromise government" that would likely remove al-Maliki 2022-01-16 16:19 Shafaq News/ The comprehensive coordinating framework of Shiite forces pushes, on Sunday, to persuade the leader of the Sadrist movement, Muqtada al-Sadr, to form a compromise government, in the event of failure to enter a unified Shiite bloc that includes all parties. Abadi's house Earlier this evening, the coordinating framework forces agreed, during a meeting held at the home of former Prime Minister Haider al-Abadi, and in the presence of all the leaders of the Shiite political forces, to intensify efforts to re-form the "Shiite House" in addition to naming a candidate for prime minister, who is acceptable to all parties. . Settlement - Satisfaction The meeting focused, according to a source in the coordination framework, who told Shafak News Agency, on two things. The first is "in the event that all Shiite forces merge into a unified bloc, after the intervention of intermediary parties that have weight in the Iraqi file, it will be agreed to nominate a prime minister candidate who is acceptable to all because of his successful experience. But in the event that these parties do not succeed in their endeavour, and the fragmentation remains in control of the Shiite forces, the framework will have (the right of veto) on any candidate submitted by al-Sadr for the prime ministership,” according to the source. decisive meeting The source noted that "the decisive meeting between the framework forces and al-Sadr, it is hoped that it will be held in Baghdad in the coming hours," noting that "in the worst case, al-Sadr will resort to forming a government of consent, which was discussed in the meeting, that is, some of the framework forces will join Al-Sadr’s government, most notably (Al-Fateh, Al-Nahj), and these will be given ministries to satisfy and preserve the Shiite identity of the government. Nouri al-Maliki He continued, "If al-Sadr insists on removing al-Maliki from the government, or any political alliance with him, the framework will acquiesce in this matter, but representatives of the state of law may participate in the government, or be entrusted with certain responsibilities, and the position of the Vice President of the Republic if it is activated. Al-Maliki will also be out of the race." Crowd and corruption The meeting also discussed, according to the source, "the file of the popular mobilization and its inviolability or dilution, in addition to combating corruption, as well as the importance of achieving balance in the form and content of the government in proportion to the electoral process." negotiating committees The meeting decided to activate the work of the negotiating committees between the coordination framework and the Sadrist bloc, to "discuss controversial issues and how to solve them diplomatically, provided that their meetings will be held tomorrow in Baghdad." The source added, "It is hoped that the proposals and solutions that these committees will put forward in the upcoming meeting between the framework forces and al-Sadr will be discussed, if things go towards calm." This coincides with the arrival of the commander of the Quds Force in the Iranian Revolutionary Guards, Ismail Qaani, on Sunday evening, to Iraq, and he made a visit to Najaf Governorate (180 km south of the capital, Baghdad). Qaani made a round of visits that began with the shrine of Imam Ali in Najaf, after which he went to the Wadi al-Salam cemetery and visited the shrines of Muhammad Sadiq al-Sadr and Abu Mahdi al-Muhandis. Meanwhile, an informed source told Shafak News Agency, "Qaani's visit to Iraq was aimed at holding meetings with Iraqi political forces to bring closer views on the file of forming the new Iraqi government." The source added, "These meetings aim to work on unifying positions within the Shiite political house, after the differences that erupted recently between the coordination framework and the Sadrist movement."
    10 points
  25. Political maneuver to continue having parliamentary immunity to protect him against civil or criminal liability for actions done or made in the course of their legislative duties. Justice is chasing him… His time will come.! Go Justice Go rope
    10 points
  26. 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... RON *** Militiaman [a member] of the Board of Directors for the GCC states it's time to adjust the exchange rate and enhance the national currency of the Iraqi dinar against the dollar. You can't make that up. It's what the people in the region are talking about... *** Mnt Goat There is not much more to say about the reinstatement (A.K.A. RV). We are pivoting right at the window now. We know that the plan is to shortly conduct the project to delete the zeros and them follow up with the reinstatement on to FOREX…finally. Nobody really knows the exact timing. I have not heard anything currently that is holding it up... There is not much more I can tell you at this time except the citizens in Iraq are absolutely being told that the currency redenomination will happen in the next days. We all know what this means. I am VERY excited! *** Kaperoni Kuwait didn't [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]... Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.
    10 points
  27. If they Don’t RV/RI by the end of the 1st Quarter 2022, kiss it by by ‘til 2023. Of course you’ll read it will happen by June ( uh boy here we go again). CLOCKS a ticking for a 1st Quarter 2022 RV/RI. Sadr wants it & a lot of others want it as well. It’s fast & furious, a mad scramble to get all their camels in a row. IMO, ( opinions be like butt holes-everyone gots one ) this is just about a wrap. It’s realistic to expect the Big Kahuna in the 1st Quarter of 2022, but this is Iraq & they could really screw this up by whatever eye rolling means these knuckleheads can dream up. Be prepared folks. Keep your Tranquilizers at the ready, box up sharp implements & if the unthinkable becomes a reality: for goodness sake don’t say “ Oh what’s the use in going on I might as well kick the chair out from underneath me & end it all right here” ... there’s always Ancient Aliens & the annual AlienCon where you can dress up. If you’re stuck for a costume get a copy of Barlowe’s Guide to Extraterrestrials. See, Life is worth living, keep a healthy mixture of humor & cynicism at the ready and We’ll only have to wait another year. I’m off to Hartleypool to by some exploding trousers, then put my underwear on my head, stick 2 pencils up my nose and say Wubble. ( it also helps if you have multiple personalities: you’re never alone ).
    10 points
  28. In my opinion some people do believe what the gurus say is true.Some people believe joe Biden got 83 million votes. Some people believe there was no fraud in the 2020 election. Some people believe orange man bad planned the so called insurrection on January 6th. Some people believe everything the democrats are doing is for the good of the country and the people. Some people believe everything they see on cnn is true. Some people believe everything on the internet is true. Some people believe all these vaccinations and boosters are all about health. We are lucky enough to have some of these believers on this website. Of course this is just my opinion
    10 points
  29. Some old, regurgitated rumors still going around from years ago, are... -They're camped out in the WF parking lot. -CBI is educating the citizens. -Money is moving. -Reno is excited. -Whales are cashing in. -Contract rate are at $26. Even higher if you ask for it. -Zim is 1 to 1. 100Trillion Z = 100Trillion USD. -Lower denoms are out. -Q Cards loaded with the new rate. -US contractors paid at the new rate. -Iraqi citizens paid their back pay retroactive Jan 2020. -President Trump will press the RV button. -US gold backed UST note are out. The more things change, the more they stay the same. Yup. Nothing has changed.
    10 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... RON *** Frank26 Article 1: "The Ministry of Foreign Affairs announces Iraq's exit from the European Union's list of high-risk countries" From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate. This is how you take a program rate and you throw it back to the United Nations or whoever gave it to you. Way to go! Article 2: "Al-Kazemi's comment on the European Union's decision to remove the name of Iraq from the list of high-risk countries" What does this mean? It means the whole world is going to flow back into Iraq because there is no fear any longer. They're stable. They're secure. They have a currency. They have a brand new central bank even Dubai is jealous... *** MilitiaMan Article: "Barzani: Joint work between Baghdad and Erbil contributed to Iraq’s exit from high-risk countries" I like the sounds of this article, as it is in past tense. A good sign that there is consensus between Baghdad and Erbil. The linkage of the Kurdistan Regional Government to the global system is very telling. They are achieving success today and are saying that they will look back to today, as a turning point for a prosperous global future for the people of Kurdistan. This is a good sign of change to come...All good news.. imo.
    10 points
  31. I haven't looked at that lately, but I don't think it is over $3. They should all be about the same, depending their oil production, and then figure in their other assets like the natural gas. Hopefully, this will be all over this year, and I personally won't be spending much time thinking about the middle east.
    10 points
  32. Dollar sales rise in the Central Bank auction 2022-01-17 05:10 Shafak News/ Dollar sales rose in the Central Bank auction today, Monday, to more than 212 million dollars. Shafak News Agency reporter stated; That the Central Bank witnessed today, during its auction for buying and selling US dollars, an increase in its sales of dollars to reach 212 million and 729 thousand and 735 US dollars, which was covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, which sales amounted to 200 million and 73 One thousand and 235 US dollars. Our correspondent added; Most of the bank's sales that went to enhance balances abroad in the form of remittances and credits amounted to 164 million and 249 thousand and 753 dollars, while the remaining amount of 48 million and 480 thousand dollars went in cash. Our correspondent indicated that 27 banks have met requests to enhance balances abroad, and 19 banks have responded to cash requests, in addition to 189 mediation companies.
    9 points
  33. Even if Malaki doesnt have a position in the government he has his puppet Amiri in there to cause constant strife. Wish Sadr would boot out Amiri too.
    9 points
  34. Nouri al-Maliki He continued, "If al-Sadr insists on removing al-Maliki from the government, or any political alliance with him, the framework will acquiesce in this matter, but representatives of the state of law may participate in the government, or be entrusted with certain responsibilities, and the position of the Vice President of the Republic if it is activated. Al-Maliki will also be out of the race." Looks like the cooperative "heads" of the movement outnumber 1 potato head. If Maliki doesn't play ball, I can hear a potato slicer getting sharpened up. 1 order of Maliki al la scalloped tater coming up. Make that a double order please. Big Day coming!!
    9 points
  35. That’s the Ticket!!!! Put the Squeeze to them. Make it hurt. Wonder if this could have a cascading effect & get a lot more folks to jump on ?
    9 points
  36. I could see .50 and all you'd see is my dust.......
    9 points
  37. here's another article related to the above... MarkZ: [via PDK] [Nick Fleming said that the white paper from Iraq is showing $11 as starting point for international rate. Is this accurate?] I have not seen $11 dollars, but it would not surprise me. Dr. Shabibi once made a case for $12 – $12.42 back in the day…and oil is worth a heck of a lot more now then when they first proposed it. [reference Guru Fleming post below]
    9 points
  38. That's where I drew the line as I don't date men. LOL
    9 points
  39. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. The Iraqi citizens can "demand" all the want, but the CBI and the GOI will probably do what the always have done..... SCREW THE CITIZENS !
    9 points
  40. ( IQD Rates - Updated: Wednesday - 1/12/2022 Official Central Bank of Iraq (CBI) Dinar Rate: 1460 IQD to 1 USD Dinar Market Rate: (CBI last reported 8/11/2021) ** Still No Change Noted on CBI.IQ ** 1478.744 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES... (Rate is at 1.28383%) Started 16 June. - Are Rates IMF 2% Rule Compliant for 90 Days: YES -- "210" days in compliance..! Have a Blessed Wednesday Everyone - GOD is Good & Faithful..! RON
    9 points
  41. EU removes Iraq from terror financing list January 10, 2022 at 12:22 pm | Published in: The European Union yesterday informed Iraq that it had been removed from the list of countries at high risk of money laundering and terror financing countries [@EUAmbIraq/Twitter] January 10, 2022 at 12:22 pm The European Union yesterday informed Iraq that it had been removed from the list of countries at high risk of money laundering and terror financing countries. The Iraqi Foreign Ministry explained in a statement that an EU delegation had delivered a letter to Prime Minister Mustafa Al-Kadhimi announcing that Iraq had been removed from the commission's list of countries with high-risk money laundering and terror financing. "The EU commission in Iraq congratulated the government for the great measures taken by the authorities to improve the country's anti-money laundering system and to combat terrorism financing," Al-Kadhimi added. The statement pointed out that the EU's "positive and continuous cooperation" had stemmed from the Iraqi government's "efforts to improve its financial sector on compliance with international standards." In May 2020, Iraq was blacklisted alongside Afghanistan, Pakistan, Syria, Yemen, Iran and North Korea as one of the countries posing financial risks to EU countries, due to lack of measures in place to combat money laundering and terror financing.
    9 points


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