Society

The next meeting is expected "Mid Year" according to Articles.

I agree!!! It is just not consistent with the statements of the CBI in the past.....

Yes.....based on what they have said, 25,000 dinar will always be 25,000 dinar...... if they are to be IMF Article 8 Compliant. If they were going to LOP, there would be an assigned time period, likely maximum of 90 days after which, the 3 zero series would no longer be valid.......They have clearly stated both series will coexist for up to ten years. By everything they have said, this will not be a LOP.......Of course, we won't know for sure until they actually RD

They can't treat the 3 zero series and the new Fils and LD's at two different rates. That would be a MCP. For example, they can't say the 25,000 is at 1320 IQD to USD or 18.94 US AND the 25(which won't exist, example purposes only) is at 1.32 IQD to USD or 18.94 US. That is a MCP. 10 YEARS!!!!!

And, from another 2016 Article: He pointed out that" the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market Can't meet IMF Article 8 obligations if you have a MCP structure.....Can't go International with your currency without meeting Article 8 obligations.

On 4/16/2024 at 12:24 AM, ronscarpa said: Pimpy A 25,000 dinar is going to have value as a 25 dinar. They're just going to lop the zeros off. Won't Pimpy be surprised when they come out with the new denominations and they don't include a 25 but include a 20......Pretty hard to "LOP" a 25,000 to a 20 This has also been stated by credible sources over the last 6 months From a 2016 Article: The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils. Thereby ensuring the stability of the monetary system and the elimination of the imbalance in the current system , which has allowed widespread corruption.

Trump too old???? Really??? He is healthier physically and mentally than most half his age!!!! You are listening to the media and Republican Rhino spin too much........ Trump (and his team) is smarter than all of them. He is systematically destroying the "old guard" and is going to give this country and most other countries back to the people!!! Greatest President Ever!!!! Watch and See!!!

Frank26 Executive order 13303 was not resigned therefore Iraq is now completely free. They are totally sovereign. They are a sovereign country with the total sovereign right to do anything they want with their banking structure...currency...currency notes...exchange rate. They have the prerogative to do so. Frank clearly is not the "good student" he professes to be.........What about UN 1483 Frankie???

Yes....they have Rv'd in country numerous times.......the latest was the 1450 to 1320....... I have always said you will see a RD/RV in country with the IQD being valued somewhat above 1 USD.......They will then monitor for inflation, obliterate the MCP, be recognized as being Article 8 compliant by the IMF and then reinstate at 3.208 or above.....The 2009 study by the MOP/MOF/MOI stated 1.14-1.17 and held thee for up to 3 years before restoring the True Value of 3.208.......

Does anybody know where this "Pimpy" character posts????

While a LOP remains a possibility, it is not a probability based on what the CBI has said over the years.......the "Delete the Zeros" is a project according to the CBI. When implemented, both new and 3 zero series currencies will coexist in the Market up to two years and in the banks up to ten years according to the CBI. They cannot coexist and have each treated at different rates or Iraq will not be IMF Article 8 compliant. For example, they cannot treat the new currency at a rate of 1.32 IQD to 1 USD and the 3 zero series currency at 1,320 IQD to 1 USD. Not only would there be mass confusion in the market but this would be a MCP in violation of Article 8. If they are not compliant, they cannot reinstate. As long as the two currencies coexist as the CBI has stated, we are golden.

The "76 cents" was just a journalist interpretation of what is going to happen when Iraq implements the "delete the zeros" project. He is a journalist for MediaLine. Nothing more. I am amazed at how all the "gurus" took his statements and ran with it. It is so obvious how they echo each other's BS. Frank even tried to twist it so far that he said Sudani said it and Alak echoed it and that it was in articles. He could not show any article that showed it came from Sudani. This was merely a hypothetical from a journalist!!!!

The 1.32 was from a journalist with MediaLine. I was surprised how much excitement it generated as it never came from any official source. I am looking for education on the new lower denomination currency and then its release with a rate a little over a dollar. This should completely obliterate the parallel market and then they should be able to accept IMF Article 8 obligations and Reinstate to the True Value of the IQD. Of course all that depends on whether the US allows them to do so or the UN forces the sanctions to be lifted and end the US Receivership. I hopeful they RD/RV soon. This will be an In-Country event and seems like it should be permitted.

They aren't going into the WTO until they pass the legislation that WTO said they needed. The accession Committee doesn't meet with Iraq again until the "middle of the year". The COM nor Parliament have made any apparent moves to get the legislation moving. I don't expect Iraq to be awarded Full Accession for months. These so-called self proclaimed pompous "Guru's" out there can't read........and now it is very apparent that they just echo each other to try to make it look like they know something

I think Barzani couldn't get support from the DC related Deep State cronies so he headed to Bush. Hey Barzani, that Federal Court Opinion is "Final and Compelling"!!!!!!!! Your corruption days are ending. By the way, how did you become one of the wealthiest in the world when all you have done is be a politician?????

This just keep getting crazier and it was all started by Frankie!!!! Of course he is never wrong.....just ask him. If you put it in properly....USDIQD as a Forex pairing, you get 1309.....this is basically the Official Rate as it should be (or IQDUSD for .00076ish) If you add the slash, we have learned that it is looking at Index Funds pairing and it has absolutely nothing to do with currency. Frank was still espousing his BS last night. Of course he critiques everybody else for not being "A good Student".

Based on another post, it appears the USD/IQD pairing may be Index Funds and totally unrelated to the IQD. Frankie and his "Pastor Kendall" character started all this so it only makes sense that it was totally unrelated and blown out of proportion.

Yes.....Shabibi actually enacted the RD/RV/RI. It was stopped and an arrest warrant for Dr S was issued. The "Obama Regime" did not want the RD/RV/RI to happen. Instead, they created ISIS and attempted to annihilate the country. Trump ended that plan. I believe they are now once again following the plan of Dr S and expect the RD/RV to happen as soon as the Biden actor Resident is unmasked. No matter how ALL occurs, Trump will certainly be back by January next year. I don't think we will have wait that long but we may

Because Iraq is still under US receivership, the "Biden Regime" needs to use Iraq for money laundering especially since Putin crushed their operation in the Ukraine, Iraq is not Article 8 Compliant and the "Biden Regime" is making sure they stay that way by causing an artificially inflated parallel market. This is a MCP by definition. Many articles since last July clearly point to the US as the hold up.

Hey Ron, USDIQD pairings are definitely there. It shows 1310. However, if you do USD/IQD, it shows 2.89 currently. This means that it takes 2.89 IQD to purchase 1 USD or approximately 35 cents. This chart shows the IQD decreasing in value and not increasing as Frankie has tried to state. Frankie's ignorance shows again. It is believed that the USDIQD pairing is the live rate and the USD/IQD chart is futures.

I don't agree Luigi......the MOP and MOF stated in their plan that the IQD rate should be brought to 1.14-1.17, held their for up to 3 years and then brought to it's "True Rate" of 3.208. This was back in 2009. They clearly noted a difference between an imposed artificial rate and the True Rate

They have not submitted the changes for the 2024 budget yet. Until they do, they pass them and it is posted in the Gazette, the fiscal year of 2024 hasn't officially started. Remember also that the Accession Committee for the WTO gave Iraq the list of what laws they must pass prior to Full accession. The Accession Committee isn't meeting again with Iraq until the "middle of the year". I look for Iraq to RD/RV before or just after Ramadan, get the parallel rate within the required 2% and hold it there upwards of 90 days to be acknowledged as Article 8 Compliant with the IMF. After that process, they can RI and become full members of the WTO. All of which can happen prior to the next meeting in the "middle of the year". Ultimately, while the "Biden Regime" is in power they will continue to money launder through Iraq as long as they can....Remember, as Iraq is under US receivership, the US controls when and if Iraq can RI and has clearly prevented it up to this point. The question is whether the CBI can proceed with the RD/RV without US approval. Bottom line, the sooner the Biden actor Resident is "unmasked", the sooner we see the RD/RV/RI process unfold.

The CBOE (USD/IQD) is showing USDIQD at 2.73 -- this means 2.73 Dollars equals 1 dinar. "Clare via Moparman" is clearly wrong........ USDIQD pairing on Forex means the USD is the base currency and that the IQD is the purchasing currency. Therefore, 1USD will cost 2.73 IQD. This all started from Frankie once again showing his ignorance on his CC Monday night.

Barzani is looking for assistance to get relief from the Federal Court Ruling......will the Kurds comply??? Reminding the Deep State players that the court ruling will drastically affect their ability to money launder through Kurdistan. Let's see what happens out of this.