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  1. 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 ** Breitling Question: "Would I be wise to buy 500 denominations along with the 3 zero notes?" A lot of people ask me about the LOP. People are saying that's still part of the equation/debate. No it's not! That's not part of the debate at all...if you look at what they're doing in Iraq and how they're doing it, they want to add value to their currency and lopping the 3 zeros is not adding value to their currency. As an example if you look at what's going on with Turkey when they lopped the 3 zeros off their currency. It was because there was massive inflation and they couldn't fix anything...(post 1 of 2).. ** Breitling Iraq devalued their currency on purpose. They made it cheap to do business with their country...it's a completely different ballgame. The Iraq currency is not in trouble. It's heavily manipulated...It has to do with the note count...Information coming from the CBI - when they do start adding value to the currency that once it gets to a certain rate they are going to have another currency that's out there that doesn't have the 3 zeros on it. If they're going to lop the damn dinar that you and I have that have the 3 zeros on it then there's no reason to have a completely different note. There's no reason for it. It doesn't make any sense...it's not going to lop...(Post 2 of 2).. ** Pimpy Article: "As compensation for the invasion of Iraq, the United Nations pays $600 million to Kuwait". This I like a whole lot. Let's get to the most important thing. Quote: "the last installment is expected to be paid within a year." Yep! Then you have no more payments going out. That's it...everything is taken care of once that's done. Plus our troops are withdrawn. Complete sovereignty ...then I'm looking for a rate change to happen...get the Americans out of there. Make your last payment to Kuwait. Get your sovereignty back. Let's change the rate... ** Frank26 Iraq is grown up. It is secured and stable to bring forth its reforms, especially in its currency in order for it to have an economic reform. It can be done tomorrow and it can be done by the end of the year. All I know is that Iraq needs to be sovereign...[Years ago] Dr. Shabibi told our Blue Star - Iraq needs to be sovereign. And this 'pull out' [of troops] that Biden was talking about is part of the security and stability IMO... That's all folks ... Blessings ... RON
  2. 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 *** Pimpy Article: "Al-Kazemi's advisor: Were it not for the monetary policy stance of the Central Bank, the situation would have been very dangerous" This one blows my mind...They keep coming out with articles explaining to people why they made the adjustments to the exchange rate. Why? You've already said it once. You said it twice. As a courtesy said it a third time. Why are you saying it 20 times? What is really going on that you have to keep talking about why it is you devalued the Iraqi dinar. We get it but we also realize what is going on in your economy... *** Breitling Question: "Did Iraq join the WTO? And how would that effect the revelation?" No they did not join the WTO...They're not full fledged members of the WTO. They don't have to be. *** Frank26 The CBI quiet before the perfect storm. IMO the CBI has good reason why they're quiet right now because they're talking with the United States Treasury in Washington D.C...the CBI is quiet for at least 6 or 7 days now because the perfect storm is developing and the eye of this perfect storm is in Washington D.C... UPDATE: Today the CBI came back out and started talking again...holy cow they're parrots on steroids. What they talked about was the education [to the citizens]... Not much today ... blessings ... RON
  3. 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 If Iraq wants to join the WTO they can't say to the WTO, 'Can we join?' No, every country on this planet Earth that joins the WTO needs a sponsorship. They need a sponsor. Who is the sponsor for Iraq to join the WTO right now? ...the main sponsor is the United States of America...Kazemi and the governor of the CBI are still following the protocol that Donald Trump left for the Middle East...IMO a sponsoring country would be a perfect candidate to be 1 to 1 with... *** Pimpy Article: "Iraq's foreign money between the anvil of creditors and the hammer of protecting the US Federal Bank". There are a handful of articles that keep talking about this...we have been holding on to some money for Iraq for a long time. There have been a lot of creditors trying to get in there but there was an agreement...the United States told everybody else hands off period. Nobody could come after this money. All debt is considered settled once they pay these things off. Why do they keep talking about that? [post 1 of 3....stay tuned] *** Pimpy I can't help but smile because IMO what I think is going to happen once the troops leave Iraq is gaining their sovereignty, they pay their remaining debt off - they have the money to do it quickly with Kuwait and this other company then they should be debt free. Then we give them their funds back. If they get their funds back...does that mean they should reinstate the rate the United Council was talking about which is $3.22? [post 2 of 3....stay tuned] *** Pimpy ...In 2017 what did they [United Council] say? Iraq has...done nothing to lose the value of their currency. It should be reinstated at $3.22...If they indeed used the revenue from oil to destroy 70% of the currency that was in circulation...is it low enough where they can now reinstate once they get their money, their sovereignty, once their debts are paid? Is it possible? Again...the United Council said what? They've done noting to lose the value of their currency. There's no reason for it not to be reinstated at $3.22...Is it possible they're going to give them their funds back? Is it possible there's enough in there to cover the $3.22 rate? [post 3 of 3]
  4. 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 I see people calling me about bonds. Bonds? What' about bonds? 'Yeah, well you know they're doing them and that means that it's going to happen.' What's going go happen? What does bonds have to do with the Iraqi dinar monetary reform? ...I'm not making fun of anybody but...you have to be careful where you get your information. Some guy called me and say, 'Hey Frank the pay masters just approved the monetary reform.' Pay masters? Of what?!? 'Frank, the GCR is on.' The What?!?! 'Frank, they just signed an NDA.' What?!?! What does a Nondisclosure agreement have to do with any of this?? I'm not trying to make fun of anybody... ** Pimpy Article: "Al-Kazemi's advisor: There is no change in the dollar exchange rate" Still talking about the rate change. Why? If you're saying this rate change is not going to happen this year why do you continue to talk about it? That doesn't make no sense. If you're trying to tell us the rate change is supposed to stay the same for the next 3 to 5 years then why are you talking about it? ...obviously it's being talked about between the powers that be. And it's being talked about a lot, to the point that this guy has to keep coming out and saying that it is not happening. So we will see..!
  5. 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 You can't spring the monetary reform on the citizens, it would fail...they're making it very clear to the Iraqi citizens that the CBI and Kazemi are changing the exchange rate and changing the currency because the 3 zero notes will not work with the new exchange rate...the international community knows and that's why it's pouring into Iraq. They know that a change is coming from both of these issues - their currency and their exchange rate. Saleh...is explaining to the citizens the how's, the why's, the when's, the where's and soon the date of all of this. It's not a secret. ** Footforward Article: "Joint Statement from the U.S. Department of the Treasury and the State Bank of Vietnam" Article quote: "The SBV is also making ongoing efforts to further modernize and make more transparent its monetary policy and exchange rate framework. In support of these efforts, the SBV will continue to improve exchange rate flexibility over time, allowing the Vietnamese dong to move in line with the stage of development of the financial and foreign exchange markets and with economic fundamentals, while maintaining macroeconomic and financial market stability." Translation...we want you to revalue your currency now.
  6. 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 These currencies that are in the [currency] basket will not be pegged to each other...but they will support each other via their strength, via their assets, via their economy. That's powerful. That's more powerful than any pegging can do...the IQD will be on par with the value of the total basket...the plan is to float the currency in a basket at some point but not at the onset. Therefore you have to know when to hold'em (your dinars) and you have to know why you want to exchange them. *** Pimpy Article: "Moody's International expects a sharp upward reversal in the financial sector in Iraq - urgent" Good. This is what we want...their economical output has been analyzed as a sharp uptick. Which is good for Iraq. So the outlook looks good. I think so too. They aren't so dependent right now on oil but it sure as hell is helping. If they plan on doubling production in this year I'd like to see it go to $100 a barrel. That's really going to help get their butt out of hock. *********** Thursday - 7/08/2021 *********** 7-8-2021 *** Mnt Goat Article: "MAZHAR SALEH CALLS FOR THE (SOCIAL MARKET) FOR A DIVERSIFIED ECONOMIC SYSTEM AND CONFIRMS THE END OF THE FISCAL DEFICIT PHASE" Quote: "that the deficit, which was estimated at 29 trillion dinars, or about two billion dollars, in the current year’s budget, which was built on the assumption that the price of a barrel of oil is $ 45 has become a thing of the past," Like I said many time already that Iraq is in trouble if they don’t get it right this time. There will NOT be another chance to fix it. This article is yet more proof of this. 7-8-2021 *** Pimpy Somebody said to me, 'Hey Pimpy did the rate change happen? Did you see the news - something about the rate change?' I was like what do you mean the rate change happened? Article: "The Iraqi government decides to reduce the exchange rate of the dollar - urgent". Here's where this seems to be misleading...at first I was like, 'ok, they did change it.' Until you really read the article...Nothing in that article says that they actually reduced the exchange rate - which is what we want - to reduce the dollar not the dinar. So the headlines are exactly what we want to actually happen but that's not what the story says... [In the article]. 7-8-2021 *** Militiaman I'm looking forward to seeing if the 2021 budget is exposed to the program rate. I don't believe it will be. A lot of people suggest that it is cut in stone and that's the way it's going to be for a year. I don't believe in that...because...the amount of money that is going to be made in the country is going to be astronomical ...we're getting ready to explode. I'm actually very excited... 7-8-2021 *** Frank26 Iraq will either go 1 to 1 internally or they will un-peg from the American dollar and they will float their currency on par with the American dollar...They aren't gonna stop at 1 to 1. They don't want to be a worthless American dollar's worth. Saudi Arabia what are you worth against the American dollar? 3 what!?! Geez Louise! You think Iraq's gonna stand for that? ...so they will either be 1 to 1 and stay like that - I doubt it. They'll un-peg more than likely, go on par with their assets backing up their currency, take it out to a float...
  7. 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 Quote: 'the importance of deleting the zeros from the currency and slimming its units...' the interpretation of these articles suck...'the importance of deleting zeros', in other words adding value to the currency of Iraq...it's important right now. It is to introduce new small category notes...they don't have 3 zeros. They are 'slimmer'... ** Breitling One of the things [I hear] that's kind of funny is that 'Iraq is so corrupt that's why this isn't getting done.' That's the dumbest thing I've ever heard. If Iraq was so corrupt they would have revalued the currency and made as much money off of it as they could even though it would have probably crashed. They would have gotten in and out. That's corruption. Keeping the currency where it's at and using the US dollar is discipline. They actually did good. It's coming..! ** Pimpy If you go along and you start doing the increments - increasing the value of the dinar against the US dollar. They were talking about exchanging out [the higher denominations notes]. In other words they're going to take away the 25,000 and 50,000 dinars as they came in [to the Iraqi banks] but they would exchange it for equal value...in other words if I brought in 25,000 dinars they might give me 5 - 5000 dinars so I still have my 25000 dinars and that would be how they get rid of the higher denominations...I could see that happening...
  8. 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 ** Breitling Question: "Can they revalue the currency and protect their economy and price for the next ten years by the end of the year?" Absolutely they can. They could have done it this summer. It's on the edge. They are not working on anything else. This is the answer to all of their problems... ** Mnt Goat Article: "AL-KAZEMI’S ADVISOR: THERE ARE 3 REASONS THAT PREVENT THE DOLLAR’S EXCHANGE RATE FROM CHANGING “CURRENTLY" They are considering only the exchange rate as a program rate solely pegged to the US dollar and not as an IMF basket of global currencies and reinstated back on FOREX when traders come to buy. All these arguments do not take into consideration major reforms in their currency and only dwell on short term solutions staying within the use of the currency auctions and program rate. So of course leaving the dinar in this situation why would you revalue it against the dollar? It does not make any sense to do it. But this is NOT what must happen and NOT what is going to happen. ** Pimpy For those of you who keep looking to some of these gurus who say they have the inside track: There are NO 800#s. You're not going to get an email. The only email you'll get is that somebody that's within your group gets the announcement when it actually really happens and they send an email out to everybody saying, 'Hey it's happening!' But you're not special. You're not going to get any kind of special email. There's no 800 numbers for you to call as a matter of fact, go away from those people who say that. The reason is I don't feel comfortable with somebody saying, 'hey call this 800#!'...they steal your dinar and they take it...and you'll NEVER see it again..! Don't be fooled...they are charlatans..! ** Frank26 The global currency reset is a bunch of garbage as it is explained on the internet. There is a 'reset' occurring and it does deal with currency but I certainly wouldn't call it a global currency reset. I like QSF much better. The Iraqi dinar is heavily involved in this. 'Do you think it's involved at at 1450-60 program rate? Of course not... Keep looking UP...! RON
  9. 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 *** Pimpy In order for the lower denomination to be used...it's not possible unless something happens. And what is that something? They would have to change the exchange rate...the lower denominations like the 5's, 10's, 25's, 100's and 500's and 1000's - the only reason why they are not being used is because they have no value...so why would you use them unless you plan on chaining the exchange rate... *** Jeff Yesterday Iraq puts out at least two articles talking about deleting the zeros...this could really go one of two directions. They could either remove zeros from the notes from the notes or remove the zeros off the exchange rate. No matter what they're gonna tell you what they're gonna do. It's not a secret...Iraq is clearly telling you they're taking 3 zeros off the notes...I'm not making this up...it's in print... quote: 'denominations of 200 dinars (equivalent to 200 thousand dinars in the currency currency).' That is removing zeros from the notes... *** Frank26 Article: "A deputy develops solutions to treat and reduce the damage of the economic crisis" I'm calling this the mother of all article...this guy is saying there is a solution...and that solution is going to reduce the damage of our economic crisis. You're talking about the monetary reform... Quote: 'International products are in the period of changing the exchange rate inside the country.' ...the border taxations, the new exchange rate, the new small category notes - all of that is going international afloat...it's changing the exchange rate inside of our country [Iraq]...this is the mother of all articles. It can't be any more blatant, any more obvious and it's from the right people... *** Petra The need for new small category notes will be controlled IMO. It's not going to be a huge amount to come out because they're driving everybody to digital commerce which is where the world is going with those CBDC's and all those other programs that are coming out from the BIS and many other entities.
  10. 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 *** Pimpy Article: "Confidence in the Iraqi dinar is eroding...and the prospect of removing zeros" Here we go. We see it every 4 to 6 months - there is a report about the Iraqi dinar having the 3 zeros removed...there's a difference between removing the 3 zeros off the rate versus removing 3 zeros off the currency. Removing off the rate - good. Removing off the currency - bad. Why is that Pimpy? Because if you remove the 3 zeros off the exchange rate that means the value of the dinar has increased. But if you remove the 3 zeros off the currency - yikes! ...there's been so many reports, report after report that says deleting the zeros affects the poor people...it would cause such an uprising its not even funny...there's nothing to debate. They're not going to do it... *** Frank26 If you look at these articles it's always the WTO coming in to try to get Iraq to join. The latest thing is that the WTO has sent the documents and paperwork so that Iraq will sign it. You don't see Iraq asking the WTO for these papers. Everybody wants Iraq right now. They know it is about to happen. This thing is very very close...the WTO sees Iraq like a cash cow...
  11. 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 Pimpy - Article: "Zimbabwe Currency...its history in brief" This article says these notes [Zim 1,000,000,000 notes] are no longer any good. What I recommend you do is go to a currency exchange place and ask them if these notes are any good. Now the thing about the dinar is they are good notes. They are being used in country. These [Zim 1,000,000,000 notes] are no longer being used in-country is what it looks like. It's better to be safe than sorry. I don't want people wasting more money on Zim notes. I don't have Zim notes...do a little more digging and find out about these notes. You might have bought a bunch of zim notes that aren't worth anything. Just be careful. Frank26 I don't know when. I don't know the date...but based on every breath I take I am well aware that it is happening IMO...we are at that point that we are pressed against the wall...the power is there now. They are about to give it to the citizens and you but you just have to hang in there and go through the process as painful as it may be because this is not at all painful compared to what's out there in the world...
  12. 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 *** MilitiaMan * Article: "Iraq begins construction of the largest submerged tunnel in the Middle East" -They told us this week that there would be "BANK CREDIT" for paying contractors within 3 days for those contractors at the port of Faw. That was to have been done Wednesday. Now here in this article, they speak of issuing a letter of credit. Well, then they'll need an international accepted currency for that will they not? One that is digitized and where the imports can be taxed accordingly under the new automated system to be in place or is in place now...imo. *** Mnt Goat * ...the news from Iraq this period is all about implementing the White Paper reforms...we also see that Iran is still trying to block any reforms and rebuilding as they instigate yet more attacks on American soldiers and bases in Iraq... I would not expect any RV until at least the period when Iraq can get the corruption under control and eliminate the Iranian influence...Yes, it is up to the Iraqi central bank to initiate the project to delete the zeros in coordination with the IMF and the US Treasury. Did you hear me...“with coordination”. *** Frank26 * Articles are going to be more in-depth...I think they are now going to start talking about the new notes...The articles that we are waiting to come out, the next batch, are going to talk about the the exchange rate changing and the new small category notes. Yeah, it's getting closer and closer IMO. *** Pimpy * A Dumb Question: "Can you do a video on where the emails will come from that will give us the 800#...please?" There are no 800#s. There's no redemption centers. No body's got the codes that release the funds. There's no numbers on the 'back screen'. There's nobody standing by the computers at some redemption centers. There's no tier 1, tier 2. There's no, 'Hey, we get a better rate if we go in together.' Don't be sending any of your currencies in for any type of trust fund whatsoever. Don't ever send anybody an of the serial numbers that are on your currency. When you're dealing with foreign currency it's not really that complicated.
  13. 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 *** Militaman A "global currency reset" has sort of been a mythology...a coined phrase on the Internet. Interesting enough the White House has adopted a terminology..."real financial reset". 'Real financial Rest' and 'Global Currency Reset' those names are pretty pseudonymous (..???..) IMO. *** Bruce We have new information that was pointing toward this happening...Thursday or Friday...we do talk to people in Iraq - we have contacts in Fallujah – Baghdad – and a few other places – this last comment came out of Baghdad from some of our people and it indicates that Iraq has now a fully convertible new Iraqi Dinar – or new IQD - and that means that it is digitally available and exchangeable globally- in other words its convertible to other currencies...to be completely convertible – as a currency... [posted today] Wednesday...He's the only one who seems to have heard this...LOL..! *** sandyf When I read...Rates having Parity in the Middle East - There can never be parity unless the variables are similar, Kuwait and UAE have billions in circulation, Iraq has trillions. I can remember when there was parity between the UK and US, $2.40/GBP and 240 pennies/GBP. Then there was a redenomination in the UK making 100 pennies/GBP. A redenomination in Iraq would bring the currencies much closer together. *** Pimpy It looks like ISIS is starting to make sure they are being heard...they're definitely starting to make noise all over again...we definitely don't want this. Call it a 'coinkadink', call it what you will but these guys came to power in rows after being funded, trained and given weapons by the Obama Administration...back then he was calling them rebels when they were fighting against Syria but they went out of control...nonetheless they were funded and armed and trained by us...it's magical how the O'biden administration is in and once again they're starting to make some noise...it's something we need to be aware of... *** Frank26 The word "mechanism" when translated in the Middle East means it's a plan. And that's the plan for the monetary reform. - to use all these mechanisms...QFS...The special drawing rights...digital currency...Swift system...countries pouring into Iraq - none of these things have ever been anywhere near reality. Why now? What is it that is so different today than it was just two years ago? They're Article VIII. Now does that mean they lifted the value of their currency? IMO on the second set of books you're darn right they have! And they're going to do it now on their original set of books, announce it to the world and make it retroactive. They are getting closer and closer... *** MilitiaMan Article: "Al-Rasheed launches a new meal from the predecessors of the Ministry of Defense and Interior, employees and retirees" Quotes: "all beneficiaries who receive text messages to review the bank's branches or electronic payment offices to receive the amount."; "raise the amounts in the balances of those registered on the advances through the bank's own application." Think about the timing of this. Text messaging the citizens to come in an get payments electronically. Are they to get the amounts in new digital currency? New small category notes? Instantaneously they all get notification. Sounds like what we have been told in the past would happen.. It is like an Amber Alert.. I like it. The timing is perfect. imo That's All Folks - Blessings - RON
  14. 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 *** Pimpy Article: "Within 3 days...Ports announce the launch of the bank credit for the great port of Faw" This is what we want. This opens them up to the world. This is one of the biggest ports in the Middle East. This is why Iraq is a gateway into the Middle East. And why everyone wants a piece of it... *** Frank26 "Mechanism" is the plan of the CBI. That's their words. The mechanisms of the monetary reform are right in front of you...their currency is going to float. If you understand the power of that statement you should be just smiling like a Cheshire cat. *** Militiaman The 10th richest country...in the world is Iraq. And that 10th country has more than just oil. They're going to have tourism and religious tourism. They're going to have imports and exports of all the construction materials that are going to come in - food - housing. It's going to be insane building...That was the need for the build-out of the port... a lot of income will come from there because it's one of the largest ports in the world and it's not going to be at a program rate as far as we can tell.
  15. 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 *** MilitiaMan Article: "Parliamentary Economy: Two steps will prevent the theft of about 4 billion dollars annually in Iraq" Quote: "among those proposals is the automation of outlets through a unified electronic system, as well as working to change the mechanisms used by the authority, because it facilitates the work of the corrupt and continues to steal public money." There you have the two steps needed to support the value of the currency. Imo The border revenues activated electronically with the mechanism (new exchange rate, new currency issued.) will do it. ...The key is about to unlock the door to internationalism! ...imo It is going to be a powerful week ahead! The signs are and have been heavenly lately... *** Ray The CBI and VISA have commercials to explain to the Iraqi citizens how to use the new digital currency system to make payments instead of cash, supposedly to make for a better global economy. *** Pimpy 2016 - half a decade ago. That's when they were originally going to make the rate change (actually it was to originally happen in 2010, then again in 2013 but Obummer didn't sign the Status of Forces Agreement which opened the door for ISIS to gain a stronghold under Maliki's blunders ... RON) ...You can't hand out the lower denominations at the current rate of exchange - why is that? They hold no value. None whatsoever. They'd be worthless. The only way you could start using these lower denomination is you do what? Yes, increase the value of the Iraqi dinar so that the lower denominations have value. They were about to do it and then the doo-doo hit the fan. We know ISIS came in there and ruined our plans. If they got close enough one time before I'm pretty sure they can get there again... ***
  16. *** Mnt Goat *** Article: "FLOATING THE CURRENCY AND RENTIERISM CONFUSE THE IRAQI ECONOMY" We all should know by now they will NEVER float the dinar on the program rate which would be just inside Iraq. The IMF plans to float the dinar only once they liberalize it and reinstate it...I believe that this article is not just coincidental but purposefully given to educate the citizens on what they will plan to do soon.
  17. 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 advisory body is studying the investment of high oil prices and addressing the effects of the dollar exchange" They're telling you they are changing the rate. Quote: "there is a study that the Central Bank is conducting with the Ministry of Planning and economic experts to address the effects of changing the exchange rate." Oh my dear God. What do you think are the positives of the decision to raise the value of the Iraqi dinar? The Iraqi citizens gain purchasing power. This is what they wanted..! *** Pimpy *** This next week is going to be interesting in a lot of different ways. Let's see how everything pans out. Let's see what this [U.S.] bombing [Inside of Iraq] has caused. Let's see if anything is going to come of it - bad or good...We have good news in the sense that outside investors are...ready to get in there. The other thing...they have the money to start reconstruction which is good. They weened out their corruption - this is good. We need a strengthened economy - This is good. The removal of sanctions off the Ayatollah in Iran is bad. It's a grab bag of news. It's a mixture of stuff...I'm hopeful...they seem to be moving in a positive direction which is good and that's what we want. *** Kaperoni *** One thing I've noticed over the last couple weeks is the significant amount of laws that are related to developing Iraq's economy that they say they are now in the hands of parliament. We've heard this all before it but it's time for parliament to pass these laws. [REPOSTED]
  18. 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 *** Pimpy There's a lot of chatter about the exchange rate. It just keeps going on and on. It's very interesting. A little nugget to tease you guys - when the Kuwait dinar changed it changed a couple days after they came out saying they had no intention on changing the rate for a long time. Two days later they changed it... *** Mnt Goat Article: "IS FLOATING THE CURRENCY A VIABLE OPTION? UNDER WHAT CONTEXT?" The context they are talking about is the FLOATING the dinar exchange rate and I quote- “of the national currency against other foreign currencies”, which means to reinstate the dinar on FOREX and other currency exchanges. Right now it is solely pegged to the US dollar so they are not talking about floating the program rate. They know already they can not FLOAT the currency on a program rate inside Iraq..(Post 1 of 2).. *** Mnt Goat The dinar, in a way, is indirectly floating now via the speculators and money exchangers and we see the mess it is creating in Iraq. ...Yes, Iraq it is time you put on your BIG BOY PANTS and finally emerge to the global economy and get out of your closed economy and re-peg the dinar to other currencies in the basket the IMF has stated many times will happen..(Post 2 of 2)..
  19. 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 *** Kaperoni *** Over the weekend several articles have surfaced that basically state what I have been saying for several years that the success of the dinar will be based on the economic growth of Iraq that is not rentier, meaning not oil... several variant of the articles... confirm Iraq needs to create a private sector, and investment. Only then can the dinar rise in value... *** Pimpy *** Article: "A government advisor bets the improvement of the value of the dinar on several conditions and determines the rate of high inflation." Here we go again. They continue to talk about the value of the dinar in the news. Whether it's the exchange rate, what they could do, what's going on with it, why they did what they did, they sure are focused a lot on the dinar which is another reason why I can't help - I think they told us, give them 3 to 5 years or whatever it was. I don't think it's going to take that long... *** Frank26 *** It's going to be be a managed controlled float...a float means that their currency is going international. That's Article VIII...the CBI is on a massive campaign to tell the citizens to build confidence...
  20. 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 *** Mnt Goat *** We must keep telling ourselves to remember that VALUE and RATE are two different things. We know for a FACT that the VALUE of the dinar is very high but the RATE to reflect the true VALUE is being suppressed. Why? Its called corruption...The Iraqi dinar has tremendous VALUE, as Dr Shabibi himself told the world way back in the early 2000’s that the dinar could sustain as much as $16.00 US in open trading. (I am not saying this is going to be the rate when it comes out). What we want is the RATE of exchanging to US dollars for Dinars to rise. We already have the VALUE... *** Pimpy *** Article: "The dollar continues to decline against the dinar with the closure of the Baghdad Stock Exchange" Again going in the right direction. It's doing it in baby steps but it's going...it got down to around 1470 for every one dollar...so it is going in the right direction. It's doing it at about...10 dinars at a time...as long as it keeps going in the right direction I'll take the baby steps...
  21. 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 *** Pimpy Article: "Al-Kazemi's financial advisor: Deleting three zeros from the currency is an option" Every six months or so this gets brought up and everybody gets in panic mode...he didn't say they're gonna do it. It's an option. They did 5 years worth of study. You know what they found out? It's not doable. It affects the poor too much...they already devalued the currency, now you're talking about lopping off the zeros? So 10,000 dinars becomes 10 dinars...lopping the zeros off the currency -bad. Removing it off the rate - good...if they lop off the zeros people would lose confidence in their currency. You would get pissed off people from countries all over who have invested into the currency...(Post 1 of 2).. *** Pimpy Look they talk about this all the time. People always get their panties in a wad. They talk about this but there's already been a ton of studies that say this would be big. This would be bigger than when they devalued the currency in the first place. Are they going to do it? There's no way to tell. Most likely not. That doesn't mean I'm right. It's my opinion...this would be yet another huge blow to the currency itself. People would lose faith in it...they bring this up at least once every six months...everybody goes up in in arms. Everybody panics...watch what they do, not what they say...(post 2 of 2)..
  22. 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 *** Pimpy Article: "Al-Kazemi's advisor: The Central Bank is able to control the exchange rate of the dollar against the Iraqi dinar" Quote: "The Central Bank had confirmed the stability of the dollar exchange rate and the absence of any intentions to change it." People keep talking about this...that a rate change is coming - coming sooner than you know. I believe it's going to change too but not that dang soon...I'm surprised it's taken this long but hang tight it's going to happen... *** Frank26 The U.S. Treasury directly told the CBI, 'Raise the value of your currency'...we have articles - IMF telling the CBI, 'Raise the value of your currency' directly. I mean directly the World Bank tells the CBI, 'Do it. Do it. You're sovereign. Raise the value.'...Look at all of those that are telling them to raise the value of their currency beside you. *** Pimpy We haven't had any kind of disruptions recently. No civil unrest. No protests. No missiles. No terrorist attacks. No Iran being bullies. It looks like foreign companies are coming in to do business. Looking real good. And the dinar is going in the right direction. *** Kaperoni Almost a year after it was written, Iraq still has not implemented the majority of the 'white papers' which were designed to diversify Iraq's economy. I assure you, Iraq has no intention to raise the value of the dinar under the current conditions. Iraq must pass laws and create a suitable investment climate before the dinar could ever appreciate in value. ...as I've stated numerous times the Iraqi dinar is pegged to the US dollar so outside the country the exchange rate is fixed and does not change. Until they decide to unpeg and float the dinar there will be no International change in the currency value.
  23. 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 *** You are now seeing the campaign that we told you would come out from Mustafa Ghaleb, the CBI governor. A campaign we said to educate the citizens, everyone...on the new 'mechanism'...what is the new mechanism? A plan. What is the plan? A new exchange rate. *** Pimpy *** Article: "The dollar is declining and central bank sales are declining". This is great news...I told you outside of waiting for some type of RV or RI announcement there's other things we should be looking for. The dollar is still declining against the dinar. This is good. It's not like a lot but it's still good. It's going in the right direction...the other day you could get 1490 dinars for a dollar. It is now dropped down to 1485 dinars per dollar. Now I get it. Some people will bash it but you don't get it. It's going in the correct direction. If it goes in increments and it just chugs right along every week I'll take it. Seriously, as long as it's going in the right direction that's all that matters... *** Other Posts *** Not much of significance to post. Lots of real BS being posted by the pumpers. I'm sure Luigi will post some of the outrageous statements being made about this weekend.
  24. 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 *** Pimpy *** Looks good you guys. We want outside investors in there. We see the Iraq dinar gaining against the dollar again. We see other countries eager to come in and invest. We see that things seem to have quieted down. They're very stable. These are all good positive news. That's what we wanted and that's what we got... *** Petra *** The Finance Minister said in an article: "the ministries is continuing to open up to the world to conclude the best relations. To open a new horizon of cooperation. To restore its rightful place among the nations of the world. It's continuing with global openness and concluding investor relations." Concluding. That's past tense. Finishing out. Whatever work they're doing internationally they're finishing up... essentially they're making a declaration that they're doing business, they're opening up, they want to be recognized as a sovereign country (which the G7 just did) and now they're saying they're opening up for business. It's a very very clear statement... That's all Folks ... Blessings ... RON
  25. 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 *** Pimpy *** Article: "The dollar exchange rates fell in Baghdad and the Kurdistan Region" What does this mean? Remember I always told you guys, think about the direction the dinar is going in. That's how you know if it's good or bad. It says the dollar exchange rates fall in Baghdad (And in Kurdistan ). That's a good thing when the dollar exchange rate, not the dinar, fall...that's what you want to see happen...the number of dinars you get for the U.S. dollar you want that to go down. The lower it goes the better it is for those holding onto dinar...you don't want it to go up, you want it to go down. If the numbers go up, it means it's being devalued...
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