ronscarpa

Good Morning Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Don961 Article: "Parliamentary Economy: The white paper includes 3 stages, starting with the reform of niches and currency auctions" Quotes: "the economic white paper that the government intends to implement in the coming periods aims at a comprehensive reform of the economic system,"; "...the reformist white paper and its content...will be a road map for implementing a set of economic measures," noting that "calling it white because it is a new reform paper will be written in cooperation between the government and parliament away from the interference of political parties." ************************ The following is reposted from this morning's post which I erroneously posted as Monday Early Morning Opinions at 7:55 AM CDT - 6/248/2020. I just want everyone to have all the information that's out there in Dinar Land ... RON 6-24-2020 *** Dinar News Update *** The inventory of the Iraqi dinar in the U.S. market continues to tighten up. Some brokers are struggling to keep it in stock. As expected during a supply shortage the price to buy the dinar has increased. The sell price has also increased. If you're buying or selling currency, be sure you use a reputable source and confirm they have dinar on hand to ship you. It has always been said the supply of the dinar would dry up when the RV/rate change was near...It's unclear whether the shortage we're seeing now is because of Iraq's change in policy or corona related. Stay tuned as the gurus chime in on this important issue. *** Frank26 ...my broker called me around 3:00 in the afternoon yesterday to say to me, 'Frank, we're putting a freeze on the selling of the Vietnamese dong.' And I said, really? We already have a freeze on the Iraqi dinar...the liquidity of this currency was accomplished as a benchmark in order for them to come out with the Real Effective Exchange Rate of the Iraqi dinar...the Iraqi dinar...exchange rate for it is .000869741 somewhere in that ball park...so when you take that decimal point and move it over to the right 3 places...rounds out to about .86 cents and the goal is to get it to 1 dollar...(post 1 of 2....) *** Frank26 ...look what I did. I moved the decimal point over three places and by doing that I lifted 3 zeros electronically. Who has the power to do that? The CBI. With who? The Fab 4 because they give them the authority. The IMF, World Bank, The U.S. Treasury, The President of the United States...IMO the "white papers" contain a rate and a date...that was authorized...this is the reason why it's so hard to get the Iraqi dinar right now...2 and a half years ago did you notice that it was starting to get harder to get the dinar? Now can you find it? These places are drying up because of the monetary reform benchmarks that were met in order to have the white papers we have today...(Post 2 of 2)... *** Mnt Goat The WOW news of the week is the CBI has finally spoken up. They issued a “white paper” again on the financial sector of Iraq. It is all very good as they talk about going international and completing the “project to delete the zeros” in the “coming period”. So again, we just have to sit tight and wait it out. Please, please, please don’t sell you dinar. You are already RICH only you have to wait a bit to go to the bank. We are slowly progressing to the end of this ride and it will not be much longer. How much longer? We are now seeing many of the reforms we could only pray for these last couple years. Yes, they are actually doing them. All I can tell everyone NOW is it will be much sooner than later and certainly not January 2021. And we're off and running...!

Thanks Adam...have a great day...! Ron

I Screwed up AGAIN ... This is Wednesday Opinions 6/24/2020

Added at 9:09 AM CDT: *** Frank26 ...look what I did. I moved the decimal point over three places and by doing that I lifted 3 zeros electronically. Who has the power to do that? The CBI. With who? The Fab 4 because they give them the authority. The IMF, World Bank, The U.S. Treasury, The President of the United States...IMO the "white papers" contain a rate and a date...that was authorized...this is the reason why it's so hard to get the Iraqi dinar right now...2 and a half years ago did you notice that it was starting to get harder to get the dinar? Now can you find it? These places are drying up because of the monetary reform benchmarks that were met in order to have the white papers we have today...Post 2 of 2)...

Added at 8:45 AM CDT: 6-24-2020 *** Dinar News Update *** The inventory of the Iraqi dinar in the U.S. market continues to tighten up. Some brokers are struggling to keep it in stock. As expected during a supply shortage the price to buy the dinar has increased. The sell price has also increased. If you're buying or selling currency, be sure you use a reputable source and confirm they have dinar on hand to ship you. It has always been said the supply of the dinar would dry up when the RV/rate change was near...It's unclear whether the shortage we're seeing now is because of Iraq's change in policy or corona related. Stay tuned as the gurus chime in on this important issue.

Good Morning Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 ...my broker called me around 3:00 in the afternoon yesterday to say to me, 'Frank, we're putting a freeze on the selling of the Vietnamese dong.' And I said, really? We already have a freeze on the Iraqi dinar...the liquidity of this currency was accomplished as a benchmark in order for them to come out with the Real Effective Exchange Rate of the Iraqi dinar...the Iraqi dinar...exchange rate for it is .000869741 somewhere in that ball park...so when you take that decimal point and move it over to the right 3 places...rounds out to about .86 cents and the goal is to get it to 1 dollar...(post 1 of 2....stay tuned). *** Mnt Goat The WOW news of the week is the CBI has finally spoken up. They issued a “white paper” again on the financial sector of Iraq. It is all very good as they talk about going international and completing the “project to delete the zeros” in the “coming period”. So again, we just have to sit tight and wait it out. Please, please, please don’t sell you dinar. You are already RICH only you have to wait a bit to go to the bank. We are slowly progressing to the end of this ride and it will not be much longer. How much longer? We are now seeing many of the reforms we could only pray for these last couple years. Yes, they are actually doing them. All I can tell everyone NOW is it will be much sooner than later and certainly not January 2021.

Good Evening Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ...the reason why they denied me entry into the conference [Iraq Finance Expo] is because I speak about the dinar. That's how I knew for sure they were gonna talk about it. They didn't want me in there recording anything because they knew they were gonna talk about the dinar. They didn't specifically give out any kind of rate change, but they also didn't talk about what needs to be done. And it's already being done. I feel absolutely good about the year 2020...Well, now he's saying 2020 is our year - that could be another six months. Vague...and a general guess..! *** Jeff Article: "Al-Kadhimi reveals the details of the 'white paper" This is very important. The White paper is the roadmap for the rate change. For the economic reform. And the brand new economy they're preparing to launch... *** Bob Locke [Q? : ...How close do you think we are?] I have never seen the kind of talk and the amount of talk indicating that today is the day thus far through all my years and years of this. . .I am hopeful today that we see some stuff happen. Well, today has come and gone in Iraq with no action. Nothing significant today ... Hang in there folks - RON

Good Afternoon Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ...there's been a lot of chitter-chatter about the IFEX conference...It was Allak who spoke about the dinar during the conference. This is what Allak said. The dinar must first be stable in the country before it can be international. But he also said... Iraq was open for business and that he encouraged outside investors to come in...We also know...if they're gonna come in and do business a couple of things must happen. One is Iraq has to have an internationally recognized currency. There is no "ifs" "ands" or "but's" about it. Not only that you have to change the rate in order for outside investors to come in or it's too expensive. Sure the labor is cheap in country but importing good from other countries that they will need to get their businesses going it's just too costly. So rate change is gonna have to happen... *** Footforward I have a pretty good idea on what the rate will be. It's just the date...That I'm working on. I've said for a long time it will be over $3.50 in my opinion. I can't get more specific then that... He seem to have forgotten the fuss raised by Kuwait when the IQD was to have revalued back in 2010 (and the following years). Part of the discussion was that Iraq couldn't revalue at a value above or equal the KWD (which is now at $3.29) as part of the resolution of war reparations...! If I'm not mistaken, Iraq still owes Kuwait about $7 billion. Besides, only Shabibi would be able to pull off any substantial value over $1.15 -- Just food for thought ... RON

Good Morning Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff ...as Allak's [Governor of the CBI] proxy term is ending on or around July 15th Iraq is transitioning...to a new economic system, but the rate change has to happen right in the middle - between the two. They're putting out a ton of articles telling you they're planning to do this. You are very close to the edge of this right now... *** Frank26 ...the CBI has introduced something that was in those meeting two months ago...it's called "white paper". It's a report. It's a guide. It's a definition of an agreement...White paper is extremely important. It's an authoritative report. It comes from the authorities of the Fab 4. It's important for the structure of Iraq and it's important for the international structure of Iraq. This white paper is extremely crucial...it's been introduced from the CBI to the GOI. What's it for? Mainly it's for the budget. What's in the budget? The economic reform. I told you they need the financial reform first in order to have the economic reform...these white papers are the passport for the new Iraqi dinar... *** Walkingstick ...these white papers are the end result of when they have pulled the trigger of the monetary reform...the white papers have the rate and the date... [Reference Frank26 above]

Good Morning Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Samson Article: "Corona may prompt the Iraqi parliament to hold unprecedented sessions" Quote: "Next Wednesday will see a vote on the law on external and internal borrowing," noting that "the oil and gas law will be included in the upcoming sessions. *** Mark [Q? : Why is there so much fake intel?] We knew this was going to happen…we have been told for years…we knew that at the tail end that this is exactly what we were going to see. I’m not letting it shake me and I am excited about where we are at.

Note: The following is the Conference Call that Pimpy signed up for as referenced above in his post. I know a few IQD investors who signed up to be on the call. It was posted in: Monday Night Opinions @ 10:15 PM CDT - 6/15/2020 6-15-2020 *** Dinar News Flash *** [Iraq Finance Expo News] The Central Bank of Iraq, The Ministry of Finance and the Government of Iraq are hosting a big conference next week - The Iraq Finance Expo. And guess what? You can attend! It's online. It begins Monday June 22 and last 3 days (22nd, 23rd and 24th). The agenda appears to be big on dinar. It includes "The CBI's strategy to increase money supply in the local Iraqi economy" - Day 1. "Iraq's monetary policy objectives to restore rapid economic growth." -Day 1. "The Future of Iraq's Banking & Finance Sectors" - Keynote Day 2. Obviously lots of banking and currency talk.

Good Evening Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Pimpy ...When I started the conference last night I noticed that the link wouldn't go through to see the conference. So I emailed the organizers and I told them that I have the ticket to get into the conference but it's not letting me go through...they email me back and this is what the email says. 'Dear Luther, Thank you for your email. I am afraid we cannot be allowing companies that underrate dinar trading in the United States into the conference as per our strict attendance rules. You have been fully refunded via PayPal.' ...I know we were looking forward to getting some information from this conference but unfortunately one of the organizers there is a follower of my channel and he knew exactly that we talk about the Iraqi dinar. Now I don't actually undertake in distributing Iraqi dinar. I just give my opinion based on news articles about the Iraqi dinar so that was a little upsetting because I've been looking forward to it all week...unfortunately it just did not pan out... **** Jeff ...when Washington comes to Iraq that's to help them. Usually when Iraq goes to Washington it's to congratulate them and say congratulations job well done. IMO July 15th could be our back wall based on that...I would almost say that would be Kazemi going to Washington after the rate change...

Good Afternoon Dinar Vets, here's another opinion & comment by DataSteward that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** DataSteward I have a different perspective about keeping Alak until July 15. [Reference Jeff's post 6-19-2020...see below] Whenever I was part of a team to deploy an upgrade or a new software system we usually scheduled 1 to 2 weeks following the deployment date for dedicated technical support to fix bugs and to immediately assist users with whatever they needed. Alak has intellectual capital nobody else has and they should keep him around a week or two after they change the rate to answer questions and provide solutions for things that didn't go as planned. **** Jeff Let's look at the facts. Iraq is putting out a crazy amount of economic articles now that they have finished the formation of the government. That's not coincidence guys. They're telling you they're close to changing the rate...if they had intentions of changing the rate in the Month of June then IMO they would have only extended Alak through the end of June. They didn't. They extended Alak through July 15th. That to me removed June from the equation and walks us into the first half of July...IMO they're keeping him in there long enough to commission and execute the rate exchange. Second. On or around July 15th you have Kazemi going to Washington. Why? For those strategic dialogue talks...those are about economic investment and long term relations between Iraq and the U.S. That's all post rate change items...IMO Kazemi is going to Washington after the rate has changed...(REPOSTED from 19 June)...

Good Morning Dinar Vets, here's another opinion & comment by MilitiaMan that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** MilitiaMan Article: "In the first official position, the central bank proposes a mechanism for the government to cross the financial crisis" Quote: "...there are 3 advantages enjoyed by the financial situation of Iraq, the first of which is a rich country and its oil resource is quantitatively stable and the last barrel of oil in the world according to studies will be from Iraq and secondly that the bank The central bank has good reserves..." Currency Rates are mechanisms. Bonds are mechanisms, bonds have interest rates associated with them, the are liquid assets just as currency, that can be traded on the secondary markets... Looks like they are even mentioning the banks international interface as the vehicle to do so... The bonds will be for local and or global availability. They even have an open for business sign out (lol) for all days of the week to keep things flowing from now on, even taking into account the epidemic. imo. Maybe we're on track. Let's keep our hopes high for Good News soon..! RON

Added at 9:58 AM CDT: **** Pimpy ...we are about 15 hours away from the big Iraq conference...this is on what's going on in Iraq as far as the economy is concerned, investment opportunities, the whole nine yards. We're hoping for some good Easter eggs, or at least some good facts that come out and tell us that indeed the rate change is going to happen... LETS HOPE SOMETHING HAPPENS..!

Good Morning Dinar Vets, here's another opinion & comment by Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Mnt Goat Article: "PARLIAMENT OBLIGATED THE GOVERNMENT TO SEND THE BUDGET WITHIN THE NEXT TWO WEEKS" It is very hard to complete the necessary financial and banking reforms without a budget for 2020 going forward. I am hearing the delay is due to the restructuring of the financial industry due to many factors mainly corruption. Iraq is going to see some MAJOR changes in the near future.

Good Evening Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Footforward [Q? : I'm assuming no chance of a rate change today.] I wouldn't say no chance. [Q? : ...figured we were done until July...?] not done at all. June still has alot of days left. I haven't at all given up on June. **** MilitiaMan The World Bank is going to manage Iraq's exchange rate into the future. At least that's what they said they were going to do. Because why? They have an agreement with the CBI...it specifically says they have an understanding and an agreement...for them to manage the exchange rate means they're going to change it. **** Frank26 This is amazing. IMO they gave them notice today [Friday] to the citizens. Actually to the international world. On a holiday. Do you know what that notice was? What's it called? REER - Real Effective Exchange Rate. They gave the real effective exchange rate today? No, but they said that they have one. Wow. I like it a lot.

HAPPY FATHERS" DAY To All the Fathers here on Dinar Vets

Good Morning Dinar Vets, here's a few opinions & comments by Mtn Goat & Kaperoni that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Mnt Goat Article: "AL-TAMIMI WARNS OF MAJOR FINANCIAL CORRUPTION DURING THE NEXT 6 MONTHS" Quote: "The Information", that "not approving the budget will lead to the loss of a lot of money, AS THERE ARE NO ACCOUNTS FOR WHAT GOES INTO THE TREASURY AND WHAT COMES OUT OF IT." You can bet that there will be no reinstatement under these conditions as the funds would not be safe if they did decide to put the dinar back on the trading platforms. We do know however they fully intend to do this soon but when? Again I am telling everyone to RV the currency under these conditions is not going to solve all of their problems, and in fact may only make them worst. **** Kaperoni Only when Iraq passes laws and creates the conditions for foreign investors to come will the Central Bank be in a position to improve the value of the dinar via a float as the economy grows. **** NOTE: The Al-Tamimi Law Firm wrote the Anti-Money Laundering Law (AML) in 2015 - so this appears to be a warning by the firm. I couldn't find anything else relating to this article referred by Mtn Goat. Remember, Shabibi told us years ago that there would be lots of mis-information prior to any rate change to keep everyone off balance...RON

Good Evening Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** MilitiaMan ...Alak just said, "We have a new price." As in past tense. That's fascinating because he's already got it ready. It's ready to go. I think the other thing he's going to come back to tell you is "when". And how does he tell you when? ...The central bank, I don't care who you are they're not gonna come out and say we're revaluing our currency tomorrow at xyz. At such and such a time. They're not going to do that...the central bank is not in the business of telling you exactly what they're going to do...they do give you a guidance...and that's what they're doing here. They're being very very careful... **** Footforward ...we need to see all the things that are lining up. All the boxes that are being checked off. How things have shifted. How things are coming together...I believe this is absolutely going to happen. That's my opinion... I like what MilitiaMan just indicated...let's hope it is soon revealed...RON

Good Afternoon Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Jeff ...they had these meetings with the Kazemi government and the U.S. government - The Strategic Dialogue. When you look at what's being discussed at these meetings - they've already told us it's investment, finance and really it's long term relations and business opportunities with Iraq. Those are post rate change steps. What they are doing is setting the stage between Iraq and the US to redirect from securing Iraq more towards having business relations with Iraq. It's transitioning but again it's post rate change...now they're saying they're going to send a Kazemi delegation to Washington in the U.S. IMO I firmly believe that Kazemi would be going there after the rate change... **** Frank26 ...the citizens know very well what's going on...the lava flow of preparing the banking system to go international - done. The lava flow to explain to the citizens has been accomplished pretty good but it will continue long after they raise the value of the currency. Now the lava flow is spilling out around the borders and the international world already knows this...the lava flow which is unstoppable is now at the point now that the United States got involved...

Good Morning Dinar Vets, here's an opinion & comment by Militia Man that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** MilitiaMan Article: "Al-Alaq: The devaluation of the dinar should not be the first line of defense to confront the financial crisis" Quote: "...in addition to the supplies and materials imported by the government, such as oil derivatives, ration materials, etc., the net of this amount hits the new price of the dinar...” They are not talking about devaluation. They are talking valuation. WOW..!! Get ready... Alak is talking on a FRIDAY..!!! Whooo whoooo. IMO...This is HUGE..!! IMO ~ ALAK talked on the holy day... think about it...

Good Evening Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Jeff Let's look at the facts. Iraq is putting out a crazy amount of economic articles now that they have finished the formation of the government. That's not coincidence guys. They're telling you they're close to changing the rate...if they had intentions of changing the rate in the Month of June then IMO they would have only extended Alak through the end of June. They didn't. They extended Alak through July 15th. That to me removed June from the equation and walks us into the first half of July...IMO they're keeping him in there long enough to commission and execute the rate exchange. Second. On or around July 15th you have Kazemi going to Washington. Why? For those strategic dialogue talks...those are about economic investment and long term relations between Iraq and the U.S. That's all post rate change items...IMO Kazemi is going to Washington after the rate has changed... **** Pimpy ...what's the one thing we're waiting for in order for the rate change to happen? I'm still sticking to my guns, I don't care what other people say...here's my opinion...Iraq has to prove Iraq can stand on their own. They have to believe that they deserve their sovereignty and when that happens they will have once again an internationally recognized currency and you will see that currency trade on the Forex. That's what the heck we want...One major step in achieving that goal would be it Al-Kazemi could figure out where the he'll the money [missing Iraq Treasury money] went and then hold all those people accountable... **** Mnt Goat News from US banks in the last couple weeks has been very encouraging as they are telling us they are preparing for the reinstatement and the handling of people coming to exchange. I say this is good news since we have not had any cheerful news from the banks since October 2019. So something is at least being planned. Will it be finally executed and over soon? **** Jeff ...right now the news is suggesting they might be rolling the rate change process possibly into the first half of July... **** Delta I DID READ THE DOCUMENTS IN ARABIC ...ALAQ WILL STAY AND WILL HAVE THE FULL POWER OF CBI... BUT ONLY UNTIL 07/15/20...THEY NEED HIM UNTIL RI IS DONE...SO IMO...RI SHOULD TAKE PLACE IN BETWEEN...AMAZING...GAME OVER... That's all for today folks...! RON

Good Evening Dinar Vets, here's several opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat My CBI contact is still telling me that they are moving towards the completing the “project to deleting the zeros” this year, and sooner than later. Obviously, they are not going to give me exact dates. Other signs of what Iraq is up to tells us that movement is in the direction of the end of the month for something BIG. My expectation is the reinstatement of the dinar as this move it way overdue. I learned this week that Dr Shabibi was in fact at the Central Bank of Iraq working with them on the project to delete the zeros and mechanisms to roll it out. I HOPE THIS IS TRUE... LET'S GET IT DONE..! *** RVAlready Article quote: "A directive was issued to all the banks in Iraq not to pay salaries this month until the income tax is applied at a later date." When your treasury is down to one day’s operating budget, it is time to do that RV. A no brainer if I ever saw one. AMEN...! *** Ray A directive was issued to all the banks in Iraq not to pay salaries this month until the income tax is applied at a later date. Al-Kadhimi broadcast on Iraqi TV stating that a surprise is coming to the citizens in an effort to calm them. The citizens are mad about the decrease in their payments...NO SH-T..! I'd be pissed off also...!

Good Afternoon Dinar Vets, here's other opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ...For those of you who live in New York, if you're trying to find a way to go buy dinar or buy Vietnam dong or any other currencies, if you live near the Trump Tower they obviously have a currency exchange center in the hotel. You could go to the hotel and buy Iraqi dinar. You can go in there and buy Vietnam dongs. You could go in there and buy other currency. It's right there inside the Trump Hotel. All you have to do is go right there where it says currency exchange. Go to the window with US dollars and buy other currencies... *** Footforward [Q? : Just curious as far what it will be worth after RV, will one Dinar be equivalent to one US Dollar?...] we may not know the exact rate until after the actual revaluation happens. My opinion is over $3 to the USD. But that's my opinion... *** Mnt Goat Article: "FINANCE MINISTER ALI ALLAWI: WE WILL IMPLEMENT A PACKAGE OF REFORMS IN THE FINANCIAL AND BANKING SECTORS" Quote: “We will implement a package of reforms in the financial and banking sectors, and will restructure state-owned banks” says Deputy Prime Minister and Minister of Finance Ali Allawi as he lays out the broad outlines of the new reform program." Remember too the finance ministry now has control over the Currency Auctions as they have taken them over from the CBI. This is all very good news.