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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat The electronic systems are taking hold. This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros, a critical part of it. I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass... if you shrink down the monetary mass than what is left will be worth more. From Saturday Midnight Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani and Alaq...gave us a big speech...He started to compare corruption to terrorism saying we are not in terrorism as bad anymore, more secure, however corruption is still a daily thing. It is due to a lack of enforcing the anti-corruption law. Sudani said corruption will end and the tools needed will be utilized to its full maximum capacity to stop this corruption. FRANK: He's trying to explain to you what he promised to you but he's not going give it to you in this ugly environment, so they can steal it again. Pimpy My question is whether or not Iraq is going re-denominate the Iraqi dinar because then [if they re-denominate] the Iraqi dinar isn't going to create a lot of millionaires. I'm hoping that they'll change the exchange rate and leave those zeros right where they are.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt... RON Frank26 They are increasing the value of the IQD against the American dollar. It will be a gradual float. They kicked the American dollar out of Iraq's markets/circulation last week...The IQD is being setup/poised/prepared to lead the Middle East as a currency hub... Pimpy Article: "The talk of the exchange rate invades the Iraqi sessions...and the currency auction is the window for whitening the dollar" We all know there's lots of individuals who are politically connected and pick up on information they most likely shouldn't have. There's been a lot of meetings with the governor of the Central Bank of Iraq. There's no doubt they've been talking about changing the Iraqi currency..[Post 1 of 2] Pimpy This article keeps touching bases on a group of speculators who continue to try...to drive the value of the dollar up while driving the value of the Iraqi dinar down...Why would they do that? Is it possible these people know there's going to be a change in the exchange rate...? So by stirring up all kinds of rumors...you can get more Iraqi dinars for your dollar...Is it possible some very corrupt people are trying to buy the Iraq dinar for cheaper dollars knowing in advance that their rate might change? [Post 2 of 2] Clare Article: "The application of international trade exchange for the Middle East transforms Iraq into an "electronic financial exchange center" Quote: "The pioneering services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar."
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 ** Article: "The Minister of Oil sets the price of a barrel in the budget and expects crude to reach $100" WE TOLD YOU IT WOULD BE $100 PER BARREL... ** Mnt Goat ** Article: "AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE" ...this article does not tell us what they mean by changing the exchange rate. Could this mean back to the pre-devaluation program rate or the RV we are looking for? ...anyway you look it, the news is very good. We know that under Dr Shabibi the monetary reserves of Iraq reached $90 billion. ...they have reached a record high and so they must be over $90 billion reaching close to $100 billion. If oil continues to rise, as they project it will, Iraq will reach over $100 billion in reserves... GOOD MORNING DV ... Have a Blessed Day ... RON
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Who wouda thot, this stuff really works...
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- fred astaire
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