Fairways&Greens

MarkZ “drag out” 🤣 I’ve waited 15 years, a week is not gonna phase me or anyone else on this forum. What a 🤡. It’s not imminent people. Not gonna happen this weekend or by the 9th or the 12th. Don’t follow these crazy clowns. Thanks for posting Ron as always!

I hope you are right.

unfortunately, I believe your analysis is correct. The US won’t pull the dollar from Iraq because of the trillions already wasted over there. Losing control in Iraq would be seen as a big loss for any administration…but don’t put it past Biden. Anything can happen over there because of corruption and incompetence on all sides.

Like I said, test run. They are fixing the mechanism or testing to see if the process works.

Great point, the CBI CAN change the rate as they see fit. Another thought: Maybe this is a test run to work out kinks in the process and the new digital exchange format.

IDK Frank, how many times? 🙄😆

Thanks Ron! A lot of buzz around every important indicator. Let it be soon!

Taking in all the Dinar they can. Off the streets and from under mattresses. One of the effects of the current market over there. Maybe this is a positive…imagine how much they can suck in over 2 or 3 weeks.

Boooo! Sanad, why are you the way you are? 😆

Thanks 6ly410 for posting all these articles! Progress

Great find 6ly410! There is a whole lot of buzz right now in Iraq. Much news and announcements each week; but more importantly, Iraq and their government seem to be ACTING on some important things. And it does seem very urgent. Hopefully it all leads to big news very soon!

Sound analysis. Thank you. I laugh every time someone predicts any rate above $1.50 per Dinar. And then some of these “gurus” tell us the rate will be $15 or something ridiculous like that. 😵‍💫 I’d be excited at .10 and at 1 to 1, I would be peeing my pants! 😅

That’s what I thought initially; however, price fluctuations are temporary according to the articles. Our hope is this is leading up to a change in the exchange rate at the first of the year. At the very least, this is evidence the US Treasury, IMF, etc are showing strong support in ridding the banks of corruption and money laundering. Good stuff.

That would be something! It would require the dinar to be traded internationally. Open market! 🤞🏼

I’m hoping this is a positive sign. Stopping the sale of the dollar locally could indicate a change in the exchange rate at the beginning of the year. Let’s hope it goes in significantly on the right direction. Not just back to previous rate of 1170 in 2020.

Heading in the wrong direction…we want that number to get smaller Again, wrong direction. Is the US trying to prop up the dollar? If the dinar goes down further in value, Iraqis are gonna be pissed and start rioting in the streets. May even see an appearance by Al Sadr—he wants purchasing power for the people and he wants the US out of Iraq.

It is my understanding that both the project to delete the zeros and a reinstatement could happen simultaneously. Otherwise, they would tip off investors before an RI/RV.

Mtn Goat brings up an important fact here. There are other ME countries that are doing very well. Take Qatar for example; have you seen the scenes during the World Cup Soccer Event? Talk about a rich country! The Qatari Rial = .27 US Dollar. If Iraq could RV at anything close to that, we’d all be wetting ourselves. Point is the IQD cannot be suppressed forever and Iraq cannot be isolated from the international community forever either. At some point there will be a change. Also, shout out to markb57 for this analysis. Totally agree.

If Article 140 indeed is implemented, that is great news! I too worry about the corruption and theft of trillions of Dinar. I think it is a big reason we haven’t seen an RV/RI yet; however, they have been hunting down the big fish for a while behind the scenes—I would imagine they have recovered more than they let on. We’ll see. Go HCL! GO RV!!

We’ll said! Our government too has waste and inefficiency (understatement). Our private sector was raped and pillaged during COVID while the big businesses remained open. Our currency is worth less than we realize. Very unfortunate indeed!

Iraq’s problem is simple. The private sector can’t get traction. 1. The people not in government are poor and poorly educated in professions and trades. They lack experience, capital and incentive to participate in building the private sector. 2. The government doesn’t trust the people with capital to start and run businesses. So the government tries to “run” the private sector. 3. Corruption and inefficiency kill any progress and the private sector never has a chance. Iraq needs: 1. Education 2. Currency with real value 3. Application of free market economic principles. Maybe an RV/RI could stimulate the private sector enough to move their economy forward. 🤷🏻‍♂️

💯 chance of all of us popping first a week from today. 🦃

Let’s hope! I’m ready for this thing to pop.

Hope they will actually get an agreement signed. All this talk is good, but we’ve seen this before and nothing results.

Step 1: End corruption and money smuggling. Step 2: Stimulate the private sector and economy. Step 3: Open to international trade, including currency trading. the new PM is setting a course.