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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 *** Mnt Goat So, how many times must Iraq tell us that the only entity that has the power to change the currency exchange rate is within the coordination of the CBI and the Finance ministry. The cabinet DOES NOT have the power to change the exchange rate, EVER! *** Mark Article: “Government official: Iraq is not thinking of floating the currency at the moment” I believe this to be a re-print with a new date on it…Just like in Kuwait the morning that it went. Kuwait ran an article that it would be 6 months to a year or two before they RV’d their currency. They then changed the rate that same afternoon... So we have expected them to print these type of articles close to the end.
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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 *** Dinar Community Update *** Sad news in the community today.... Please keep Okie in your prayers. Doctors have told him he has 6 months left to live… He asks that you keep him in your prayers with a belief for his healing... (Reposted) *** Nader From The Mid East ...We all agree to disagree correct? ...if you hear something, if you see something negative just keep it to yourself ...Some people have to let them hear what they want to hear for them to be happy in life. So let them hear what they want to hear. That's it. It has nothing to do with me...we all living a period of life and then we're gonna disappear from this life. Let's make it nice. [Post 1 of 2....stay tuned] *** Pimpy All these things about redemption centers and 800 numbers and back screens and people on standby, tier 1 and tier 2 - all of that is bull crap...there's no redemption centers, there's no 800 numbers, there's no military intel... *** RVAlready Ignore their politics, focus on the RV. We were told that, at the end, Iraq would be blowing smoke. It looks to me like we are converging on the RV. Lots of bullshoot out there trying to convince us otherwise. You know the actual release date will remain totally hidden until this is all over. *** Kaperoni Nobody knows any procedures until such time the dinar appreciates. And if the dinar does gradually appreciate based on the economic growth it's going to take time. [a recent] article mentions 1-4 years therefore it is unlikely that anybody would ever go to a bank. Tends to lean towards ECMs or brokers. *** Samson Article: "Erbil Municipality announces the paving of streets in the capital with a billion dinars" [NOTE: They say the streets of Baghdad are paved in gold...I mean 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 International Development Bank joins the Federation of Emirates Banks in Dubai" THIS IS BUT ONE OF HUNDREDS OF BANKS AROUND THE WORLD THAT HAVE BEEN BONDED WITH THE CBI AND NOT AT A PROGRAM RATE! *** Tivon ...The CBI does not have to announce that they are Article 8. The only time we will know that is when we literally see the rate on the Forex. *** Kaperoni ...There are two real possibilities for the currency in the future. 1, which is being discussed include educational programs with the citizens is a currency exchange neutral event LOP. And 2, what the IMF has discussed for years which is floating the currency and allowing it to gradually appreciate based on the economic growth of the economy. There is absolutely zero talk or discussion of a significant RV of 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 *** Clare Article: "Al-Sadr: (Dissolving Parliament) has become a popular, political and elitist demand for which there is no alternative". *** Tivon You still waiting for the government when there is a clear timeline to release the rate anyway? ...I don't care about no seated GOI. They have to release the rate regardless. *** Frank26 [Iraq boots-on-the-ground report] We are still hearing Kazemi made a big deal with the CBI and saying the dinar rate will change very soon. When? We don't know. He doesn't tell us...it sounds like they're going to float the dinar but we're not sure when. *** Pimpy Somebody said, 'Protest aren't real...it's all fake over there. They're just doing that to throw us off.' The protests are not fake...I'm not saying governments are truthful but to say all of their news and all their views on politics is a lie? ...just go to google put in 'Iraq protest'. There's article after article after article. And it's not just from Iraq. You have the Washington Post...PBS, Jerusalem Post, ABC, Yahoo News...the news is not always BS...the protest is happening... *** Mnt Goat I get some questions on the VND Vietnam Dong as will it also RV along with the IQD Iraqi Dinar? I will give you a short answer to this question – maybe ...the Vietnam war has been over for about 50 years and still they have their downgraded currency and larger three zero notes. Maybe it’s time to bring them to the standard of the western currency? We can see there is no hurry to change these notes, at least not what they are saying. We do also see a higher VND rate (.47 – $2.00) in the QFS staged to go at some point. So, something is up. This is a good sign.
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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 *** Mark Article From Iraq: “Al-Amiri waits...and the leaders of the movement: There is no meeting until after these conditions” the important part in this article is they are meeting around the clock now….the leaders are meeting at their own homes to pound this out. I think that is pretty important. Even more important…and my finance minister contacts have been telling me this as well from the last few months…. Mt. Goat picked up on this as well... [reference Mnt Goat Noontime post]. [post 1 of 2....Reposted] *** Mark We do not have to see them set the government…we just need to see them making progress so the Minister of finance and CBI have the confidence to move forward. That’s why all the meetings in the last 36 hours are so important...the conversation on the streets is about the rate change and there is more talk from Kazemi and friends regarding the change of that rate. So I do believe we are right here at the cusp of this thing happening. We are pushing toward the finish line...We are measurably closer then we have ever been in this journey. [post 2 of 2]
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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 *** Pimpy I started hearing rumors of people going, 'Yeah, they changed the rate they just haven't announced it to the public yet.' I was like what the hell are you guys talking about? ...let's say for shits and giggles they went ahead and they made the change privately and then somehow got out publicly - What's to keep everybody and their mama from rushing out and buying more Iraqi dinar because they knew the rate change took place. That's why I know it's BS...it makes no sense whatsoever... *** Frank26 Will they float the dinar like the hot rumor that's out there on the internet right now? I don't know but...they had and auction last week...IMO a float cannot occur during an auction week... ***Tivon ...You can see why some would assume there's a long way to go. Because it appears we are waiting on things being settled between what powers will run the country in "The New Government". But Al-Kazemi is in position to implement everything for the interim period as an transitional authority who will use the EFSL to enact the Oil & Gas Law sense he will have full legislative authority...The citizens do not want a "New Government". They want purchasing power. *** Walkingstick The closed door meetings with the CBI/AMF are strong sighs that the monetary reforms continues its forward progress internationally... *** Militiaman Article: "The Coordination Framework announces its support for holding early elections under conditions" Dissolution is gaining considerable popularity and there is strong demand to get the corrupt accounted for. Sadr knows that the US and others know where the money is. The Citizens know that to be true now. They told us years ago they were working to this end. And that end looks to be within days now...
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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 IMO the IMF gave the CBI until July 31st. ...Yeah, IMO...they said you have until the 31st to complete all of this. What is all of this? Release your new exchange rate...IMO they have 30 days from July 31st to complete this. This is just my opinion. *** Nader From The Mid East It's a mess between Sadr and Maliki...I don't think one of them is gonna get the power. I think the people are getting mad because...they just want the power...I think it's going to go to an election and I don't think it's going to be a parliament anymore in the future. I think it's going to be a presidency power, not parliament power not anymore. I don't think it's going to be a civil war. I worry about that a lot but I don't think it's going to be... *** Mark Everyone is gathered around the dance floor waiting for the music to start. The chatter has been really good this afternoon…but we just have not seen it yet. *** Kaperoni ...deleting 3 zeros. If they go through with it it is not an RV. They are teaching their citizens about a currency exchange LOP. Not what we want. *** Walkingstick The AMF, Arab Monetary Fund, wants the IQD in the middle eastern basket. That's why you saw the SDRs being worked on...somebody's doing something. And the one who's doing something is Kazemi. ???? Really ??? *** Samson Article: "The storming of Al-Khadra renews calls for the transition to the presidential system" Remember, no one really knows what will happen, or when. Conflicting Stories..!
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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 *** Militiaman Question: "Who has the authority to deem Al-Kazemi interim, authority?" The Constitution gives the authority for the President and or Prime Minister necessary powers to run the country under war and or emergencies. Well, the Emergency Food Security Law fits the bill not to mention they have not seated their government for about the last 10 months. *** Walkingstick [via Frank26] Kazemi is still in control and he will soon control his own government and a new exchange rate. When you see the IMF, AMF, United Nations, World Bank, World Trade Organization, United States Treasury, BUMA...all these people meeting with the CBI and Kazemi you cannot be that ignorant! These are heavy hitters that deal with monetary reforms and economic reforms too. *** Samson Article: "Russian newspaper: Iran loses control of Iraq" Quote:"The Russian newspaper "Expert Ru" saw that Iran has lost control of Iraq in a report published today, Tuesday, on the internal conflict in Iraq and the rejection of "Iranian guardianship" over 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... RON *** Humble1 Article quote: "Total" company postponed the implementation of its projects until the formation of the new government." ...This is black and white, no ambiguity...obviously something has to change...will that be the past government led by K, or a new CF government, that remains yet to be seen...a seated government represents security and stability what Dr Shabibi said was needed years ago, so to assume things with a rate change can move forward without security and stability is a mistake imo...apparently the CBI is waiting on something, as the EFSL has been in effect now for over a month, with no change... *** Walkingstick [via Frank26] Their voices are being heard and their sending their children in to support their prime minister, government and their banks. Somebody caught on. That's the last thing evil needed in Iraq for Iraq to unify itself the way it's doing right now. It's historical. All the citizens of Iraq are fighting for a better life. Will Maliki bring in his militia into the streets and fight against the citizens of Iraq? No...Sadr can call on such a powerful force and Maliki cannot.
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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 *** Sandy Ingram This is getting worse. People...are saying this could explode and could tear Iraq apart. All we know for sure is protests are a very bad thing in Iraq. Now the Al-Sadr group has taken over the parliament building citing no intention of leaving. Article: "Pro-Sadr Protesters Vow To Remain Inside Iraq Parliament" ...the demonstrators announced a sit-in until further notice. -
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 Article: "A NEW PARLIAMENTARY MOVEMENT TO RESTORE THE PRICE OF THE DOLLAR TO ITS PREVIOUS ERA" - I do not believe for a second the CBI is going to restore the exchange rate back to 2020 rate but rather this kind of pressure will quicken the pace to reinstate the dinar and complete the project to delete the zeros. It is all good..! Welcome to August...!
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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 *** Walkingstick [via Frank26] An international float of the Iraqi dinar will not be less than on par with the USD. Why do I say that? Because I think the 1200 is a bunch of bologna. It came from bologna...the IQD will never commence at a program rate of 1200...it can't happen. Come on Frankie, they can start from anywhere they darn well please, for whatever reasons they choose. We may feel strongly that it can't or shouldn't, but that doesn't mean it will never start from the 1200 program rate. They decide, nut us..! RON *** Samson Article: "The New York Times: Oil prices may rise to $200 a barrel" Quote: "new sanctions that the European Union and Britain have agreed to impose on Russia by the end of the year are likely to push up oil prices"
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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 Kazemi has been using the new exchange rate IMO all year from the CBI...Kazemi had to tell [the citizens] that there is a new exchange rate... [to] stop the protests... *** Jeff At the end of the day Iraq cannot go international if the rate remains below zero...it is a reinstatement. That means put it back to where it was in the $3+ range. Iraq has to put their rate back that's comparable to the region. None of the other middle eastern countries have a rate below zero. Some of the lowest rates in the Middle East are maybe down around where Saudi Arabia is - around a quarter. That's the low side. *** Tivon ...Purchasing Power for the citizens will come regardless of a new government or budget. Why do you think they have already completed the new salary scale? Because the EFSL covers what? All Contracts & Procedures. Not the GOI. Not the budget. At least for this year. *** Militiaman Article: "Iraq signs a memorandum of understanding with the United Nations on the digital transformation project" ...The CBI has hooked up to at least 3 key links to entities within the GOI for communication...It looks like we are in the READY, SET, GO... mode! ...I imagine that the GO part would be simultaneously with the FX. We surely can see the writing on the wall now.. imo
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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 *** Mnt Goat Article: "AN IRAQI OFFICIAL REVEALS THE AXES OF MONETARY POLICY TO CONFRONT INFLATIONARY PRICES" As long as they continue down this road of not allowing the outside to invest in Iraq and superficially holding back the currency from its true VALUE and thus reflect it in the RATE they will continue to have these inflationary crises after crises.
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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 *** Petra Article: "3 conditions presented by al-Sadr to reconcile with al-Maliki.. Get to know them". Sadr just laid down the gauntlet! Think of it, he sends these 3 requirements to Maliki (and the citizens of Iraq) for him to step up and face the judiciary for all the crimes he has purported to have committed. If he does not, then in all the eyes of the people and their justice system, he is considered guilty...What a brilliant chess move by Sadr... *** Frank26 A paradigm shift has occurred with [Iraq boots-on-the-ground FIREFLY] and the citizens of Iraq. They are no longer vulnerable. They are no longer sitting and moping, 'Oh, Maliki is taking over. Oh, Iran is going to take over.' No..! They are fighting and they are ready to fight to protect their country and the CBI...
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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 *** Jeff Article: "A deputy Sets The Date For The Election Of The Presidents Of The Republic And The Government" They're bundling the election of the president and the Prim Minister together. They only need about a week to complete both of these steps...Why one week? So they can revalue immediately after they do them that's why... I wonder how he knows this - oh yeah, it's just another opinion..!
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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 *** Walkingstick The CBI is doing a tour to...central banks around the world...with proof sheets of the new small category notes to be soon released. This may be done behind closed doors...or at the time when the exchange rate and the new small category notes are released. This information will be in print, we just are not knowing exactly when... *** Tivon Article: "Central Bank Governor: The banking sector is making progress at various levels" This implies that the deadline for August 15th 2022 for banks to get on the new platform is for late bloomers who do not currently have their affairs in order. The CBI can make their move now. Are they trying to get this deal done before August 1st? Seems that way... *** MilitiaMan ...The EFSL, it has wide reaching tentacles that allow for the many things to happen during the normal course of the day to day needs of the citizens and their entitlements. One of which is the changing of the exchange rate. *** Kaperoni Militiaman (above) says they must RV soon if they want a market economy...That's not how it works you build a market economy and then the dinar goes up in value as a result. Not the other way around...
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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 ** Mark In Iraq it looks like they are moving quickly to seat their government. We have a contact at an Iraqi bank that has a location in London….they are hoping to start exchanging early next week...There is a lot of discussion from Iraqi banks that have branches in other countries…so things are getting very, very hot. ** Pimpy Down goes Maliki. Down goes Maliki...Is this fight over? Or is it just getting warmed up? ...those audio leaks are coming back to bite Maliki right in the butt. There hasn't been an audio leak this bad since Watergate. Article: "Because of the audio leaks...A leader in the call calls for the dismissal of Al-Maliki from the party" Not only is this guy possibly not going to become the Prime Minister but they might oust him from the party altogether. Ouch! ** Nader From The Mid East I'm still seeing people saying $6. Six dollars will never happen. Like I told you 1 to 1 and then the float. Might go to $3, $3.20, $3.39 max...This would be nice...I'm ready; but it's all his opinion with nothing from the CBI to back it up. It has no real weight or credibility..! RON
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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: "Trade confirms the preference of local companies in contracts and credits" Quote: Iraq is open to the world" Oh my oodness! If that is not the definition of Article VIII then I don't know what else is...You know they've been Article VIII for a very long time. You know they've been out of Chapter VII for a very long time...now the fact that the contracts are being rewritten? Wow. I wonder why? Because they were rewritten in the Iraqi dinar. Wow. I wonder why? Because the Iraqi dinar will be at a new exchange rate. I hope Frank is finally right on his perspective this time..! *** Nader From The Mid East The only people who can make a decision is the Minister of Finance and the CBI. No body else. No Al-Kazemi. No Maliki. No Sadr. No parliament. No President of the Republic. No matter how much power these people got...It's not gonna be the IMF. It's not gonna be the World Bank. It's not gonna be all that. It's gonna be the CBI. You have to watch the CBI...It's gonna happen when the CBI is ready...
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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 *** Tivon We are pushing through with continuous progress. I love where we are at. It's a beautiful thing I tell you. What Al-Kazemi pulled off is astonishing. What did Al-Kazemi pull off..?? *** Frank26 There are some gurus out there saying, 'It already happened. It's an RV. The RV is happening right now!'...it's not true...there is no RV. That has been accomplished years ago. This is an RI... *** Mark Article: “The government is discussing the dollar exchange rate and plans to convert 4 ministries to self financing” so with this on top of what Nader is saying that the RV is happening [See his post yesterday morning] …this is the chatter on the streets of Iraq... We are crazy close.
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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 *** Samson Article: "After the judiciary opened an investigation into the audio leaks, Al-Maliki may face execution or life" Quote: "If the recording is proven correct according to the judicial investigation, the penalties that will face those who threatened to kill, incitement to civil war, and incitement to attack a holy city, according to the anti-terror law, and the penalty is up to death or life, considering what was stated in the recording is a threat to Iraqi national security and stirs up sectarian strife according to Anti-Terrorism Law No. 13 of 2005." I hope he get's what he deserves, and that it sends a clear message to everyone..!
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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 *** Mnt Goat Article: "...IRAQ IS PREPARING TO JOIN THE WORLD TRADE ORGANIZATION" Does Iraq need an international currency to join the WTO? No, they do not - however, I believe they are attempting to do so prior to becoming a full member of the WTO. Certainly an international currency would make it much easier to trade if you have a currency on FOREX. Quite frankly, I believe it would be extremely hard for Iraq to conduct major trading of goods and services with the rest of the world through the currency process of the auctions and being pegged solely to the US dollar. The risks would be too high and they know it. This is part of the White Paper reforms, to go to FOREX.
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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 *** Tivon I hope everyone is ready with the necessary resources to protect their money and also...to grow their wealth...The responsibility lies upon you. Lawyers, Attorneys, Accounts, Investment Advisor, Wealth Management, Consultants, Account Managers. You will have to cultivate business relationships with people who you are going to have to vet...their background...their history with other clients and their success rate. You being busy or claiming to not have time due to work is not going to cut it. [Post 1 of 2....stay tuned] *** Walkingstick Everything is ready at the CBI for the new exchange rate. The only only action right now is the constant recalculations of the barrel of Iraqi oil...What do you think oil is going to get to? ...$150. *** Samson Article: "Shocking number... How much is the percentage of 'idle money' in Iraq?" Quote: "70% of the money in Iraq is hoarded in homes, that is, idle, and far from the banks that, if invested, would move economic activities, explaining, that "leaving this money away from the banks is a strategic mistake that needs solutions."
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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 *** Mnt Goat Article quote: “there are fixed facts on the ground. The exchange rate of the dinar to the dollar follows stability, and it is not arbitrary, but rather a contract between the Central Bank of Iraq and the Ministry of Finance”. ...changing the exchange rate does not “just happen” on a whim by the CBI. No one is mysteriously just going to trigger an RV... Instead, it is a coordinated effort between the GOI and the CBI.
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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 *** MilitiaMan Article: "The Central Bank: There is no future plan that includes changing the exchange rate" The deputy governor has stated what appears to be this same propaganda on more than one instance this month. Firstly, he is not the CBI Governor... Secondly, there is by far way to many good things going on to not change the exchange rate...they have every intention to bring purchase power to the citizens...I believe this...is smoke...The indicators are large that are still on track to make an exchange rate change. Kahdimi has said it himself...
