Society

I will try to check within the next week if there are any new updates. I have a couple friends that lost quite a bit from the government confiscation and they have been in direct contact with the US attorney

The last action the Court made that i know of was excluding due to lack of standing all those that filed anything trying to get their dinar they paid for or their money back for orders they had paid for.....the government confiscated over 9 billion dinar and a lot (I don'y remember the amount) of USD. Much of this actually belonged to customers. When they did this to DinarCorp, all was repaid when the case was over. Many of us still hope and expect the same in the Sterling case. There is a relatively recent case from the SCOTUS in which they said that if the government confiscates property, which they can, they have to pay for it.

Did Ty actually "go to prison". The last update I received from the US Attorney is sentencing was postponed...... I believe his case is still "postponed"

IMSO......until Iraq re-denominates (implements the Project to Delete the Zeros) I would not "hang it up" unless i needed the cash back from selling at the current sanctioned rate.....This is not Iraq's call.....It is up to the US as Iraq is still under US receivership and are still under Article 14 of the IMF......while Iraq can probably RD/RV while still under Article 14, they can't RI unless they have accepted Article 8 obligations......they are currently not compliant as the parallel rate is greater than 2% of the official rate. Additionally, there is no way that Trump will allow Iraq to change their rate and come out of sanctions until the Kurds and Baghdad ink the Oil and Gas Law between them.....that may have happened late last night and be in front of the COM for passage today.....There has been no news on this since yesterday. The banks all being reportedly closed suddenly and unexpected today adds intrigue to what the upcoming news will bring. Personally, while I believe we are likely to see things change over the coming days, weeks, months, I am planning for January for the bulk of any exchange from me. That gives me time for financial, tax and residency planning prior to a mass inflow. However, if thee is a free float that gets into crazy numbers, I will have to do all the planning after the fact. Remember what happened to Kuwait in the first weeks after bringing back their rate and the new currency - crazy numbers. It certainly could occur again.

I didn't see where Frank said that......I believe TNT Tony said that......He could still be right as the reports are that all banks were shut down at the last minute today in iraq to reopen tomorrow.....

This coming weekend is the Holiday.....(Thursday) This is the Islamic New Year.....

Iraq has a long way to go for "Full WTO ACCESSION".....they will be very lucky to get all accomplished by the next meeting in the Spring of 2026.....my bet is that they will not make it and will be shooting for the following meeting in 2028......These so-called "Gurus" are just idiots....the RI is likely necessary for "Full ACCESSION", WTO membership is not a trigger for the RD/RV------>RI https://www.wto.org/english/thewto_e/acc_e/a1_iraq_e.htm#status

!!!!!!!......... And, in 2009 the MOP/MOF report said the "True Rate" of the IQD was $3.208.....With inflation, what is it now??

Kuwait went from .08 to 3.47 overnight

I hope she is wrong but i guess 3-4 more months prior to the RD/RV after all these years could be worse. This timeline likely is gearing toward a RI at the beginning of 2026

Total BS.........could you imagine how much of that "chunky money in mattresses" would be smuggled out of the country if that were true. The Iraq economy would collapse. Whatever they do "in-country" will be the same as out of country. Additionally, they cannot be Article 8 compliant and have a MCP......They have to be Article 8 Compliant in order to RI and be live on Forex platforms. They don't have to be Article 8 compliant in order to implement the "Delete the Zeros" project (RD/RV). This could be an "in-country" event only just as the current rate is "in-country" only.... They cannot be full members of the WTO without a fully convertible currency. The rate is irrelevant. Contrary to the "gurus", Iraq has a long way to go and will be lucky to get everything done by the 2026 WTO meeting where a full accession vote can occur. I only use WTO as a marker that Iraq fully expects and intends for their currency to be fully convertible at some point in the future. I don't know where some of these "gurus" come from......

Within 2% is the IMF mandate to not be considered a MCP and to then be compliant with Article 8 obligations

There is no way WS said that Aki said that......Aki was adamant recently that the LD's are not in the ATM's.....Frankie making things up again....

Additionally, if the 25,000 is treated as a 25 and a 25 is treated as a 25 that would constitute a MCP and be in direct violation of IMF Article VIII obligations and therefore preclude Iraq from being able to reinstate

If true, what will they do with the 100IQD??? the 250IQD??? the 500IQD?? Remember, all notes are to coexist up to two years in the market and up to ten years in the banks. What about bank accounts??? How will they know whether a 10,000 IQD balance was from depositing four 25.000 IQD notes or depositing one hundred 100 IQD notes??? How do you think an Iraqi will act if their bank account balance goes from 10.000 to 10 in an instant??? They already don't trust the banks....... Additionally, when the 3 zero notes were issued, a reverse LOP did not occur......If they LOP now, it will be one of the greatest thefts of an Iraqi's wealth ever.....