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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 Clare Article: ”The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies" Quote: "The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV right now and he just told us that the project to delete the zeros is ruled out at this present time. Then he turns around and says we need to reduce the amount in the budget from trillions to billions and then ends the conference talk by saying many have called for the removal of the three zeros which would increase the dinar. We are both in shock and stunned because he said one thing and then he said another thing. FRANK: What he's telling you is exactly right, it doesn't make any sense. This is B.S. It is a lie. Trust me, nothing is stopping the purchasing power that is coming to you Iraqi citizens. Nothing. China did the same thing back in the 90s. They came out with a full page article in their newspaper saying there were not sign to increase the value. 3 days later they increased the value. This may be the same scenario. A diversion for speculators.
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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 Militia Man Article: "Al Sudani's adviser rules out removing three zeros from the currency" Saleh...he's not lying. The government isn't looking to remove the zeros. It's not the government's job. So he's not lying. 1310 will not work going into this new economy that they're going to be rebuilding. It's impossible to keep having an exchange rate at 1310 because as he says, it's reached trillions and it's not easy anymore. It will be astronomical. Please pay attention. They're bringing value to their currency. It's really coming together quite quickly.
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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 Fnu Lnu Contract Rates all happened many years ago when private buyers contracted to buy Dinar at a specified rate, per contract. It was not an exchange. It was a private sale. Those all closed many years ago and there are NO MORE contracted rates...PERIOD! I hope this clears the air. Kaperoni Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Interesting quote from Salih in that article. Quote: "The strength and stability of the Iraqi dinar will remain linked to the factors of real growth and diversity in the national economy," MarkZ ....we hear Al Alaq (Governor of the CBI) is to go from New York to DC today. We are hopeful it means something. Comment: Slowly, Slowly, SUDDENLY. Mark: I think we are finally at the suddenly part.
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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 BGG Article Quote: "Economic Achievements of Prime Minister Mohammed Al-Sudani - An Analysis of Non-Oil Revenue Growth in Iraq - 2022-2024" Quote: "Under the leadership of Prime Minister Mohammed Al-Sudani, Iraq has achieved significant growth in its non-oil revenues, rising from seven trillion Iraqi dinars to twenty-seven trillion dinars in two years. This remarkable increase indicates a strategic shift towards diversifying the economy and enhancing its stability."
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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 Article Quote: “that the government is demanding guarantees for non – substituent currency back to the markets”. This means the reinstatement back to the FOREX trading markets. The CBI wants guarantees that once they begin the process of the Project to Delete the Zeros, it will go all the way to the reinstatement. So is this not what my CBI contact also told us?
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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 Militia Man Article: "US Treasury takes control of Iraq's Central Bank to combat money laundering" They said that on August 3rd. It's confirming the US Treasury Department has taken permanent headquarters in the Central Bank of Iraq building. Why in the world would they do that if there wasn't something important. They're going to put the fire under them. Quote: "The central bank was forced to allocate." Those are pretty heavy words. Powerful. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh...was talking about...raising the value of the currency. He talked about it for 45 minutes. FRANK: These are the people we want to listen to. They're the ones that Sudani is sending out to them. Everyday seems to be filled with monetary reform education to you Iraqi citizens. Don't you love it because this is what is supposed to be happening right now. They are preparing you for what they're going to give you, what they promised you. You are so close to receiving everything that they were talking to you about... **** From Midnight Saturday **** Frank26 Question:"What are you looking for next?" I'm looking for Sudani to come out and show the Iraqi citizens their new currency, their lower notes in whatever fashion that he'll take. Militia Man The Untied States Treasury has a floor at the Central bank, a whole one. They're not going away. The smuggling of hard currency is about to get a rude awakening. That cash cow people were sapping into that was in the billions of dollars auctions, looks like it's going to be going away as we know it. All that is going to dry up fast.
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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 Breitling If Iraq doesn't start making the right decisions they're not going to make it. They're going to be forced to use more US dollars because the US will put more and more sanctions on them if they don't, and that's going to devalue the currency even more. Militia Man Alaq, the Central Bank governor has been under pressure for lots of things. He was even summoned to Washington and he showed up to have a powwow meeting. It was unannounced. There were some issues at that time. It was months ago. The pressure is a good thing from my point of view. MPs in parliament are calling him out. There's an agenda. I firmly believe that. Frank26 [Iraq boots-on-the-ground report] FIREFLY: K2 company is studying risk management on things of our banks and they are giving away information on dropping the zeros. FRANK: K2 is a very good insurance company. The fact they are talking about the lifting of the three zeros for the reinstatement, that's timing. It is an insurance company for banks. Why would they be talking about the process of lifting the three zeros? That's pretty obvious. Samson Article: "Iraq raises its gold holdings to more than 148 tons" Quote "The World Gold Council announced...Iraq has increased its gold holdings to more than 148 tons."
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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 Militia Man Article Quote: "Federal Integrity Commissioner says we discussed the development in the integrity file and the government's efforts to recover funds into the Iraqi state treasury." There's some people out there that have stolen a lot of money and that money is still floating around the world. If you stole it you're probably going to have a knock on the door. If you're playing by the rules you shouldn't have a problem. ThurDepends on who writes the rules of course... Frank26 Question: "Why is no one speaking of the WTO meeting with Iraq on Friday?" Because it's not that important. They were supposed to get everything done by the 15th for the WTO. What are they going to do Friday? They're just going to talk about it. It's not until the value of the Iraq dinar is released and the lower notes and lifting of the three zeros, that's when they'll join the WTO. Why do they want a sanctioned rate? They don't. They know exactly what they're doing.
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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 Jeff The Supreme Judicial Council are suggesting [Alaq] is going to be forced into retirement. I want you to realize he was only put back in to commission the rate change because they've already printed the new small category notes in the year 2018, and his signature is on them. The timing of his retirement is critical. Breitling Would they revalue their currency right now, wouldn't the US force them to do it? No. They can revalue the currency, they've been able to revalue to the currency any time. The key is their note count. This is what sucks. They could have done it five years ago, ten years ago. Reduce their note count. But once they reduce their note count and they get it up to its value, if they're not situated in the market correctly, it's going to loose it's value, people are going to loose confidence in that currency, then it's done for. They're never going to be able to get it back. They'll probably have to re-denominate. That's what they're worried about. MarkZ Well this is the craziest thing…the CBI have started sending out procedures and instructions on how to handle exchanges to banks. It is clear to me that they are preparing. You can go to the CBI and read it yourselves. Pimpy If it could be proven that [Alaq] was involved with some criminal activity...then he should be out of there and convicted...But if it's all bullshit and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something...So we're not sure where this information is coming from. But that doesn't mean you shouldn't listen to the news, because this person is like, 'See Pimpy, you said there is no fake news.' I did not say there was no fake news but not everything can be fake news. Just because you don't like the information...it must be fake news. Nope. What you got to get to is the bottom of why this situation is there in the first place...Like anything else you have to be able to sift through the crap that you're hearing and make a decisions on whether the news is real or not... Walkingstick [Iraqi Bank friend Aki in Michigan] Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 Lunchtime post]? AKI: I didn't hear anything about October. WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen. AKI: I did hear about the WTO guy. Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date. If anything I have heard it is before that. Militia Man Article: "Government signal: high export capacity boost currency value" It's an education piece. Why is the country of Iraq and the financial advisers talking? Because the fact things are changing. They want to make the people aware that there are things happening. I believe give reassurances to why they're doing what they're doing. If you're going to have a value change...people need to have a little bit of a warning.
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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 Clare Article: "Parliamentary Committee to Nina: A government team is preparing a new draft of the Oil and Gas Bill " Quote: "Prime Minister Mohammed Shia al-Sudani has assigned a" tripartite ministerial team "to prepare a new final draft that will be presented first within the Council of Ministers for approval, and then sent to the House of Representatives later" Jeff The budget will be overturned by the court, deemed unconstitutional probably by mid-September. Absolutely nothing is going to happen in Iraq till the budget gets overturned by the court. The budget is not published in the Gazette yet. That's still outstanding. Frank26 All this time we've been waiting for the new exchange rate to come out. We've been waiting since the beginning of this year. Nothing. What's going on? It's scheduled. We have the budget, it's ready to go, what's going on? The problem is the thievery, those that steal. The bad politicians in the government of Iraq that steal the money through the CBI auctions have been tamed. The US Treasury is making all the decisions now. Pimpy We know pretty soon Iraq is going to be here and talking to people in Washington about what they need to do to get back into good graces, have sanctions lifted on some of the banks and allowing Iraq to move forward with reform without looking for excuses to penalize them every time Iraq does something that pisses off the Biden Administration. Militia Man The Central Bank of Iraq has been on top of it. They've been working in conjunction with the US Treasury and Federal Reserve to get Iraq to be in compliance with international standards. If you're doing nefarious deals you're going to have a problem. Breitling The key for Iraq - For them not to be dependent on the dollar. If they economy is 100% energy then they're going to be 100% dependent on the US dollar. How do they get their currency outside of that? They have to open up to doing business in completely different sectors. Then they can attach that part of the economy to the Iraqi dinar. And they can add value to the dinar as they see fit. That's always been the underlying goal of what we want Iraq to do...
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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 Clare Article: "Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains" Quote: "There are calls to float the exchange rate in Iraq. Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority. There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy." Jeff The Supreme Judicial Council has decided it's time for the current central bank governor to retire. Remember this is his second term. During his first term back in the year of 2018 that's when he printed the new lower smaller category denominations notes with his signature on them. The only reason they put him back in for a second term was to commission the rate change. Now they're saying he's going to be forced into retirement. No retirement date has been provided.
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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 Dr. Jan Halper-Hayes I still get a lot of questions from people: "When is something going to happen? Why is it moving along so slowly?" Murphy's law said anything that can go wrong, will. That's life. We do need the financial re-val to happen. There were documents that were going to go into law, went to a committee in Iraq, and some people decided to change some things. When it got back to the final decision making group they identified these things were snuck in. They sent the process back to the start. That's life, that happens. When Iraq gets their act together, they get to be back on the financial markets and their currency can trade. Breitling Iran...It's all tied to that. We're going to start punishing Iraq for being influenced too much. When they support groups and those groups are using financial institutions inside of Iraq to laundry money and to get U.S. dollars, we're going to make them pay. Put your big boy pants on because this is reality. This is what's happening. They [Iraq] can turn it around but right now I'm neutral. I don't know how this is going to turn out. I just don't. Clare Article: "US Treasury places Khamis Al-Khanjar on sanctions list" Quote: "The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited." Militia Man People are getting spanked. They're getting in trouble. They're shutting things down. Bank managers are getting banned from working. If you've been found to be corrupt they're going after you. If you don't play by the rules you're going to have some problems. The Untied States Treasury has a whole floor of the central bank. International compliance is important. If you're money laundering, counterfeiting, supporting terrorist, they got your number.
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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 Militia Man Article: "Referring Al-Alaq to retirement: a legal step or settling political scores?" It's been ongoing for the last few days there's been a suggestion that he was going to resign. There wasn't any meat and potatoes to that. Then they went after his age. They said he was too old. Then now there suggesting there's political scores that are doing this battle and giving bad publicity. Some people out there made a lot of money, they're not going to any more, off those dollar auctions. They did it for a long long time. Mnt Goat ...we read yet more articles on the banking reforms now in motion, just as I was told would take place. Yes, measures are being put in place just as my [CBI] contact told me would happen, and the situation with the banks is going to be resolved, and soon.
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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 My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq. If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon. [Post 1 of 2] Mnt Goat She [CBI contact] thinks he will remain as the proxy director for a period more... I believe he does...have the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens. [Post 2 of 2] Pimpy Article: "Urgent Central Bank Governor: No direction to reconsider dollar exchange rates and we are going through a major transformation process" They have no intentions on changing the current exchange rate. It is going to remain at 1,320 for every dollar despite what you are hearing. Militia Man Did Alaq resign? Answer, NO..! Frank26 Who is the new CBI governor? It is the US Treasury that is now the governor of the CBI, IMO. Why? What is the governor of the CBI? Just a figurehead. Does he make any decisions? No. Does he have any authority? No. Does he cast a vote for anything? No. What does the CBI governor do? He makes announcements to the international world, to the Iraqi citizens, he gives reports to the prime minister. He's a figurehead. He's a messenger. Frankie, I think you're out to lunch on you comments about the role of the CBI Governor - totally disregarding the UST's influence, in my remark.
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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 [Iraq boots-on-the-ground report] FIREFLY: They're saying the US Treasury has taken over the Central Bank of Iraq...They have an entire floor at the CBI headquarters. It is reference to the CBI not getting the banks that were supposed to be sanctioned to cease and comply. The US Treasury is here to oversee and stop any money laundering that was preventing us from having our monetary reform... FRANK: Not the whole building just the second floor. This is ancient history... Samson Article: "Central Bank Governor: We will not reduce the dollar exchange rate now" Yada Community Comment: Rocket Attack at Iraqi Military base injures U.S. Personnel. yada: The Iranian once threatened to bomb a few months ago and it amounted to nothing. I'm of the same mind this time around. Still optimistic for where we are in the process despite the many issues, Iranian bombing and stock market's drop, the RV is like a trump card to be played. Militia Man The multi-currency practices are going to go away and ultimately they will apply a REER or Real Effective Exchange Rate to Iraq’s currency - Everything we are seeing is powerful evidence that the monetary reforms are on the table and they are knocking them out….
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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 Pimpy It [the Iraqi dinar] is going to go up in value. There's no doubt about it. But how they go about it is something totally different. Is it worth the investment? I think so or I wouldn't even own it. Frank26 You have to start getting ready for when they give you the new exchange rate. You know what's coming. I'm not saying I'm leaving but I'm saying there's going to be a major change very soon. Things are going to change dramatically very soon. Clare Article: ”Al-Sudani announces the launch of the five-year national development plan (2024-2028)" MarkZ & Militia Man Mark: Have you heard anything about Iraq’s ascension into the WTO? Militia Man: Iraq is going to need to trade cross-borders. The Iraqi dinar is not yet on the forex with a REER. (Real Effective Exchange Rate) With the Ayuscuda cross border system. I think it’s ready to go. Mark: I also think it’s ready to go. But how long can they go without a new rate? They have not published the budget tables yet. I think they are hiding it because the new rate is in it to do all those new projects. Fnu Lnu It has been reported that Hezbollah plans to open a HQ in Baghdad and implied that Baghdad will allow it. PLEASE! ...Nuri Al Maliki owns all but one newspaper in Iraq...and is Iranian sympathetic ...Next, think the United States is ever going to leave Iraq? ...That will never happen...Do you...think the United States military is, for one minute, going to allow Hamas or Hezbollah, or any other Iranian proxy group to set up shop in Baghdad, no less? This is commonly known as fear porn and has zero credibility... Breitling I'm not getting out of the currency [the Iraqi dinar]. I'll wait it out. But right now I am neutral. This is not positive at all [Iraq moving pro-Iran]. We'll have to sit back and watch what the CBI says...How are they going to add value to the currency being sanctioned or being punished? There's no answer for it. We have to wait...Whatever comes along I'll report it. If it changes, no problem, I'll report it. If I see a pathway that they're going to add value to the currency [I'll report it]... Militia Man Everybody's pretty much pumped, pretty much excited because the news that's been coming in is off the charts. Saleh has been out for the last couple of weeks educating everybody... reiterating why they do what they do...and how they do it. Economists coming out talking about what they believe the Central Bank of Iraq is dealing with with the Federal Reserve Bank, United States Treasury. You can see these guys are serious...
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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 Militia Man Article quote: "Prime Minister advisor for financial affairs Dr Muhammad believes in the midst of the changes in the international commercial and financial space Iraq has moved to important organization levels in the transition to a market economy...which allows foreign banks to operate in Iraq and allows the transfer of capital and currency." That statement right there to me is massive.🙏 -
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 Militia Man Think about it. You've been stealing from the country for 20 years. It's kind of hard to ween yourself off theft and corruption. That's what Iraq's been going through. They're getting better and better and better as you can see. We all know there's some entities in Iraq that own media and they throw it out there to throw people off. [Their name] probably starts with the letter "M" and we can go from there. Clare Article: "By names and addresses. Details of the arrest of 8 main suspects in the theft case of the century" [Find Name & Companies in original article] 1- Total stolen amounts nine hundred and eighty-two billion dinars from the tax deposit account 2- Stolen amounts two trillion two hundred and eighty-three billion Iraqi dinars 3- stolen funds / one trillion one hundred and eighty-five billion two hundred and twenty million 4- Stolen funds / six hundred and seven billion Iraqi dinars 5- Stolen funds / six hundred Twenty-four billion Iraqi dinars 6- Position: Office of the former Prime Minister Stolen funds: Four hundred and ninety-seven billion Iraqi dinars 7- Stolen funds: one hundred and twenty-four million US dollars 8- [Unknown total]🙏 Pimpy Community Comment: "Why do you think Iraq has been dragging its feet? It's because Iraq has been FIGHTING to RAKE IN all the dinar that is OUTSIDE THE COUNTRY! Once they got, let's say 95% of it, then they are ready to reinstate the value of the dinar to its old glory days." Why? They don't have to do that. There's no sense in doing that. They could just do it anyways after they delete the zeros. So no they don't have to wait to do that. They can just reinstate it anytime they want to. Sandy Ingram The news from the Middle East has gone haywire. There appears to be consistent and organized misinformation coming out of the Middle East. I will do everything in my power to report correct and confirmed news reports. MarkZ The prevailing rumor is that the Green light was set yesterday, and will go sometime between now and the 5th.
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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 Militia Man Article quote: "Imminent opening of the bank's new building" Imminent opening of the central banks' building. It's scheduled for the end of this year, which is a few months, or the beginning of next year, which is still not too far from a few months... Quote "...38 floors with offices, meeting rooms, storage places of fortified money and gold." I love that part... Quote "The opening of the central bank building will be accompanied by a very large ceremony..." It's going to a pretty big deal...Construction...started in 2018. It's been almost 6 six years. MarkZ Question: Do you really feel in your heart we are close? Mark: I do. They are still saying between now and the 5th. Nobody knows the timing, but it’s what many are looking at. Militia Man Are they going to fire up the oil and gas law at 1310? I highly doubt it. Why wouldn't they have done it already? They had 19 years but they've done an extra year and got that done. Now they're talking about it's an imminent situation, in the coming days. Bottom line is, pressure is on.
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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 Breitling You need to put your big boy pants on... Article: "US Federal Reserve adopt a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels." They're talking about the policies that are coming up will threaten the dinar. There's a couple reasons for it. The idea that Hezbollah wants to put its headquarters in Baghdad, it doesn't matter if they do it or they don't, the idea that people in Iraq support that - It's too pro-Iranian. It's too pro anti-American markets. So they're going to be punished for it.
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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 Militia Man Article: "Iraq speeds up steps to join the WTO" Quote: "the fourth round of negotiations to be held during the first quarter of next year. This acceleration means that the negotiations are proceeding with rapid steps towards Iraq's accession to the World Trade Organization" It's leading you to believe they're going to be doing acceleration and they're going to go out to next year? That's not acceleration as far as I'm concerned. It's not at all. Walkingstick Iraq is going through many changes and one of them is a new exchange rate change. MarkZ RV news has been quiet after a very busy weekend from Iraq. Nothing on HCL yet …but our last update yesterday is it looks like it will go within days.Not very likely since the MP said it wasn't happening any time soon.
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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 Samson Article "Adopting a new mechanism for citizens to obtain their oil share electronically" Breitling Hamas moving into Iraq, that's still in play. That is a big issue. We're not going to support Iraq in any way shape or form if Hamas shows up. That's a game changer. This [The Iraqi dinar] is an opportunity until the day it's not. With the Hamas thing right now it's not off the table. I don't see a threat yet. But I'm telling you that could be a big deal. If Hamas gets into Iraq, Iraq is in trouble. Its oil is in trouble. Hamas being in Iraq is a game changer. That's going to shift the markets. All we can do is hope and pray and watch.Thanks for the heads up Breitling. Kaperoni One of the options in Iraq has been to create a new currency that will replace the existing dinar. This is in essence a LOP or near neutral event. Not what we want to see.
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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 Pimpy Article: "International Monetary Authority: Iraq increases its gold reserves to 148 tons". They added another 2.6 tons of gold to their holdings. I remember way back when Iraq had 86 tons and now they have 148. Iraq is doing everything they can to help strengthen Iraqi dinar. This is a great sign. Jeff The budget...they're going to finish it probably just shortly before Iraq's accession to the World Trade which will be the weekend of August 17th and 18th. That accession period is the nucleus to everything right now. Everything is happening around that accession date.
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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 Clare Article: "The US Federal Reserve adopts a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels" Quote: "The Federal Bank has detected political influences from the Iraqi government. The US Federal Reserve will not be able to wait forever, and it is expected that there will be federal measures that may occur at any moment, and there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the Iraqi banking system, the Iraqi economy and the official political system."🙏 Frank26 A lot of people get confused. It's like stepping in quicksand. You see, the lifting of the zeros from the exchange rate is a little different from the lifting of the three zeros from the currency, fiat, physical.
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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 Pimpy Article: "Iraqi bank announces investment deposits with returns up to 10%" that's a really good return. Imagine if 20 years ago you'd have made a deposit and been able to get back 10% back annually while it's just sitting there. You'd have made a ton of money by now. You see some of us have millions of Iraq dinars. Let's just say for the sake of it somebody like me, I got 5 million, I deposit it. It's going to give me 10% return on my investment. I'll take 500,000 Iraqi dinar back annually. That's a nice little return. And just let it sit there while I'm waiting...If the exchange rate changes I can always have them return it to me in USD. [Post 1 of 2 - stay tuned] Jeff Everything is pointing to...August. I really feel that's when the rate is changing. Everything seems to be hovered and centered around the nucleus of August being their accession to the World Trade. Somewhere around mid-August. That's when we're going to see most of their critical steps coming forward. It's amazing what's happening right now. We're definitely in the period for the rate change. It's here. It's right in front of us. Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying CBI banks are offering a 10% gain on any investment opportunities. FRANK: Shoot, I might even come there! They're going to give you 10% on your money if you open the bank account? Are you kidding me? You talk about incentives.
