Fairways&Greens

Iraq has been playing nice and getting along with the other kids in the sandbox. There is no reason the UN could justify continuing any sort of sanctions against them. It cannot be long before they are welcomed into the international community of trade and finance. How bout this weekend Iraq?! Daddy needs a new truck.

Sounds like a done deal.

We can all imagine Iraq dragging their feet even after all restrictions are removed…but once they are approved and accepted into the international banking scene, there will be no turning back. In fact, they will be required to have an internationally recognized value on their currency. Either you are in or out once you go international. The only choice Iraq will have is what the rate will be (probably with guidance from the WB and IMF) No more studies No more meetings No more politics No more obstruction Just their currency floating on forex.

Let’s hope for official resolution today. I’ve got a good feeling about it. It’s time for Iraq to be free from the past.

For a second there I thought Frank26 said the new rate would be $93…😂

Posted by Yota early in this thread. Try page 1 or 2.

Watch the video he posted and you will learn all you need or want to know. 😬

This was…something. After the first few minutes, I could not not watch in it’s entirety. I guess I’m here for more than the money 🤑

Once the UN Security Council removes any remaining restrictions from Chapter VII, things will happen quickly. Iraq must become a full member of the international community if they want to thrive. They cannot move forward with major projects without an internationally tradable currency.

Biden is so out of it that his handlers and staff have to clean up his messes; but yeah, the Fed know what printing trillions of dollars and keeping interest rates low this long does to our currency and economy.

I don’t think it would jump that quickly unless the dollar goes into hyper-inflation (which is a possibility the way the Fed and Biden are bungling things). If they do float, it might take quite some time to get to $3—especially since 1160 is still worthless. Maybe if they RV at close to $1 it might surge up to $3 in a year or so because of speculation and that would depend on their economy, infrastructure, tourism, trade, etc.. I’d be happy with any movement Iraq can muster.

Bringing this post from yota forward from earlier in this thread. Mentions expected UN mtgs on February 9th.

What? Are we to believe Iraq is set up like the Hunger Games where public announcements are given over jumbo screens throughout the cities and towns? C’mon! Such BS claims.

An article from 23 December 2021: Al-Kadhimi advisor indicated that “About 40 decisions were imposed on Iraq by the Security Council due to Kuwait war and has been completely shackled until the present time, so the end of this file means issuance of a decision by the UN that is expected to be the at beginning of next year to remove Iraq out of the problems of Chapter VII of the United Nations Charter.” Salih stressed "the need for a ten-year development plan that will last for ten years to benefit from oil imports, as we start with the infrastructure and end with income-generating projects in all cases," expecting that "the year 2022 will be a year of progress and prosperity for Iraq and broad positive indicators that begin with the closure of Chapter VII of the Charter of the United Nations, the end of the Kuwait war reparations, the return to normal economic life, and integration into the international community". Another article around the same time mentioned February 9th as the day the UN Security Council would make it official, but I have not seen anything about that lately.

Hotcurl, good questions. My personal feeling and opinion is that Iraq will implement the project to delete the zeros and RV at a rate close to 1 to 1 AND let it float from there as an internationally traded currency on forex. The math would look like this: Current rate of 1460 = .00069…drop 3 zeros and you have an effective RV rate of 69 cents At a rate of 1170 = .00085…drop 3 zeros and you have an effective RV rate of 85 cents I believe Iraq wants a strong currency (lower denoms) wherein they do not need to rely on or use the US dollar any longer. An RV that comes out close to a dollar and then floats from there would effectively achieve that goal. Iraq has revealed they have billions in foreign reserve currencies and once the UN gives their blessing they have billions that will be returned to them as well. Could the Dinar RV at $3+? It could, but highly unlikely. That is guru pumper pie in the sky. I DO think it could over time strengthen to rival Kuwaiti Dinar, but only after many months or years of sound monetary policy coupled with economic growth as they diversify beyond oil and gas. As for timetable??? That is the million dollar question! I’ll go out on a limb and say this first quarter is a big window for CBI to pull the trigger.* Keep an eye out for news about a few things: 1. HCL (profit sharing agreement between Kurds and Baghdad) They seem to be playing nice and agreeing in recent months. 2. Chapter VII. UN making it official (all but a formality) will remove restrictions and allow Iraq to join the international community in trade and activate economic agreements they have been making with other nations. *Without inclusion in, love and approval of UN, IMF, WTO, etc, the CBI will not move forward. Their plan is known in collaboration with these and other governing agencies. If they are not able to go international, any RV rate would be useless and could blow up in their faces. Their fate is in the hands of world governing bodies. Once the training wheels are off, Iraq controls it’s own destiny and can set the rate that will benefit them best. All of the above (my opinion) are insights gleaned from following folks like Adam Montana and the like for more than a decade.

See my answers to your questions in bold above. My hope is that once the UN officially releases Iraq from Chapter VII sanctions they will be able to improve the rate of the Dinar to say .10 and let it float” from there or choose to RV at a stronger rate like 1 to 1 or stronger. Either route would require a tradable currency and the project to delete the zeros to issue the smaller denominations. Based on a lot of the work Iraq has accomplished in 2021 and news coming out of meetings with IMF and Middle East economic summits along with agreements with numerous other countries, one might hope an option like those stated above would be very possible once it is official. The UN has a mtg scheduled for Feb 9th. 🤞🏼

Maybe just be patient for 8-12 months before buying and let the supply chain correct itself. You could save yourself $12k and buy another 12 million Dinar. 😂

Just what we hoped.

Ron is not a “guru” that just throws stuff at the wall hoping it will stick like all the others. He does tirelessly package all their drivel so it is easy to find and read here in the rumors section for the rest of us. 😜 thank you Ron!

🙄 Pumpers. Perhaps one day when the US becomes like Venezuela and Iraq is on par with other prosperous Middle East countries. Then you might get $11. Also then: McDonalds value menu $100. 😂

Hope this means an effective removal of all sanctions at or before that meeting. I’m all for UN hosting a party, but maybe get the work done first.

Thank you! There is way too much anxiety on here over when the RV will happen. It will happen when Iraq is ready and approved to do so (happily, the good news is we expect the UN will remove chapter VII sanctions very soon). But…no amount of hand wringing, visits to your bank or guru’s bogus predictions will make it happen any faster. Take any info you read with a grain of salt and consider carefully the source. Then relax. Things are looking good.

I believe a scenario where they come out .10 and allow the Dinar to increase on the open international market is the most likely to occur. And personally, if they put a cap on it, somehow that would be a relief. I could trade at $1 and not get FOMO that it will go up to $3. On the other hand, if it went higher, it might be more fun for all of us. Either way, get it done Iraq!

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!

Trump is not coming back as President unless he runs in ‘24 and wins. I dislike Biden’s policies as much as the next guy, but you guys that believe this crap are delusional. 🤪