Linda Bower

It will be interesting to see what difference it will make for Iraq if the UN totally releases them from Chapter 7 sanctions. Is this the item that has kept their currency from going international? I thought the article that addressed Kuwait's (still) missing dead interesting this week- showing that Iraq is trying to get all their ducks in a row before the UN meeting.

Congratulations Eagle Eye! The Shroud is fascinating! Thank you for bringing your first hand experience to the world dear friend!

Vato96- Sonny1 did mention GE and a device they had that would separate the natural gas from the crude oil.

Rabbi, It may be worth $860,000 now, but with a 1:1 revalue it would be 1.25 billion dollars. That could buy a lot of terror. Maybe they are thinking in those terms.

If Daesh or ISIS hold large amounts of Iraqi Dinar, wouldn't that be funding terrorism to Revalue the currency at this time?

Thanks Adam! Happy fourth to you also. Do you know which 2 US presidents died on the 50th anniversary of the signing of the Declaration of Independence (both were signers)?

We'd be rich if we had a nickel every time the gurus have called it

Thanks for the update. I think your friends' assessment is probably pretty accurate. I think Baghdad is pretty upset over the low price of oil. In the past, many felt with the high price of oil, the huge holdings of gold and other wealth and their liquidity would foster an RV But now we are seeing a totally different picture. Their budget wont cover their expenses because of low oil prices and it is diminishing their reserves rapidly. Inflation could skyrocket with the implementation of the tariffs. Let's just hope they can see a recovery from this slump soon! Not trying to be negative. Just try to assess the news articles we have been seeing.

Perhaps, Greg Hi, you ARE the someone who said the Kurdistan delegation would be there! LOL

That sounds very much like what the HCL would provide them for oil revenues. Is the budget the stepping stone for the HCL being resolved?

“You may say I'm a dreamer, but I'm not the only one. I hope someday you'll join us. And the world will live as one.” ― John Lennon

With Iraq calling for the end of the daily auctions, the activation of the tarriffs, and the budget very close to being passed (with elements of the hydro carbon agreement in it) I also saw a large group of Kurdish leaders were coming to Baghdad today- hopefully to settle HCL disputes) it sure looks like change is in the wind.

Well, Kudos to you Greg! You have sure fanned the flames of hope. It feels good!

It also lines up with when they are saying the Tariffs will be enacted.

It looks like a hairdo from the hunger games- just spray paint it a bright hue and set a new fashion trend!

This sounds like a positive development. The more pressure that is put on them to resolve the HCL the better for us!

It could just be a translation glitch. maybe the deletion of the zeros is the bringing in of smaller denominations and what we all are looking for.. To me the article was encouraging because it means they ARE considering revaluing their currency.

I think it is interesting that she said either delete the zeros OR issue small bank notes. They must perceive it as 2 different options.

My 88 year old WWII vet uncle is there today with an honor flight. He served our country bravely and was wounded for it. Please don't tell me they will spit in the face of the 90 men who are on that flight by not letting them experience this memorial to their bravery.

1IQD =10 cents exchange rate does not lend itself to dedollarization which is a big priority to them.

hey Cazzzzzzzzz, long time no see!!!!

It will be interesting to see if Myanmar is finally ready to end their isolation and join world commerce. But the beauty of Myanmar is that it is one of the few places on earth you can go to and see a culture that hasn't been corroded by western civilization. I am in no way saying I respect or condone the actions of the military junta as far as human right issues pertain, but it seems they are taking the right steps for a prosperous future.

I met a lady several years ago who had been school aged when the bomb was dropped. Because of a doctor's appt. she hadn't gone with her class to work at the munitions factory like they did every after noon. So she was on her way to rejoin her class when she saw the bomb falling. They had been taught at school if they saw a bomb they were to stick their thumbs in their ears, cover their eyes with their fingers and drop to the ground. So that is what she did. She was a mile from ground zero. Everyone one around her was vaporized. Her entire class died at the factory. She herself was severly burned on her back. But despite all of this she claimed the bomb is what saved Japan. All of Japan's citizens had been given suicide pills and were instructed to take them rather than surrender as a country. The bomb changed the governments mind. This lady later married an American and moved to the USA. Her daughter is a friend of mine. Her grandchildren are her legacy.

The HCL will be a gamechanger for them. I hope they delay no further.

If your dealer's name is Roger and is also known as another site, the truth of the matter is he started selling dinar when Ali was out of the country and when he returned he put Roger out of business. So basically he is bankrupt and that is why he doesn't hold IQD any longer.