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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: "Specialist Calls On MPs To Fulfill The Return Of The Dollar Exchange Rate" Say it with me, 'Praise God!' You promised parliament to sit and open the budget with an exchange rate not of this era! Quote: "Promises they made themselves regarding the follow-up of the file to the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era." ...the previous era was not December 20, 2020 when they lowered it to pay bills...take our exchange rate back to the previous era...back in the 1940s. Which is what? $3.22 to 1 American dollar...Wishful thinking Frank...!
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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: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article... [Note: about article title: Raising the dollar exchange rate from Iraq's perspective is making the dinar rate go down.] *** MilitiaMan ...we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work...To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER...Plain an simple imo...So, the CBI needs to talk and walk all at the same time...imo.. It’s coming...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 *** Vital Brad *** Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
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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 All I want is the new rate and the new notes. You won't get them until at least this government is seated...Let's see what happens. We know what we read in an article, [The mother of all articles the CBI says if you're not ready GOI to heck with it we'll take care of it...] ** MilitiaMan ...All looks very very very good. The private sector and or market economy will require a REER [real effective exchange rate]. The USA embassy has today commented on the support for Iraq to do international trade. Even with China. So, lets see what gives. My view is we are very close to seeing it... ** Frank26 Article: "World Bank: Iraq will witness the highest economic growth among the Arab counties within 2 years" Seriously? At a program rate? At a used toilet paper program rate? Really? The writing is on the wall...it is in print. It's not my opinion. It is the opinion of the Central bank of Iraq that they're going to raise the value of their currency as soon as the government is seated and if the government is horsing around and they're not seated the CBI is still going to move forward whether they like it or not. It's that simple.
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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 *** Kaperoni Article quote: "Iraq's new parliament elects Sunni lawmaker Mohammed al-Halbousi as speaker, marking an important step towards establishing a new government.." *** Sandy Ingram The world bank reports that over the last decade Iraq's oil revenues have amounted for more than 99% of exports and 85% of the government's budget and 42% of the GDP. Based on the World Bank's recommendation when the country provides a higher percentage of income and jobs outside of the oil then we can look for a possible float in the Iraqi dinar...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 ...things are moving extremely fast. A change can be posted instantly by the CBI and the government because of the way they have set the education up with the citizens right now. The billboards are ready to run because they are electronic. The float is extremely important. It'll follow right after this phase. It has to right away to take advantage of the 1 to 1 rate... *** Pimpy Article: "Unanimously... 'Progress' and 'Azm' choose Al-Halbousi as a candidate for the Presidency of Parliament" This should go quickly - If they've already unanimously voted in Halbousi. He'll be speaker, you have your two lieutenants and then from there they will vote on the President of the Republic of Iraq. I'm anticipating that the winner will be Salih...nothing can be accomplished until the new government is established and in place...a big hurdle was just passed now we're going to see what it leads to...
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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 News Update The Former Governor of the Central Bank of Iraq Sinan Al Shabibi has died. He was governor from 2003 to 2012. Many feel he had been instrumental in the process to revalue the dinar. In 2012 it was believed he was moments away from revaluing the dinar when PM at the time Maliki derailed those plans and threatened his arrest if he stepped foot in Iraq again. Ole time dinar investors will always remember his public meeting in Washington where he candidly answered audience questions about the possible revaluation of the dinar. He will be remembered. The latest guru posts will continue below... ** Clare Article: "The death of the former central bank governor" Quote: "The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva." ** Frank26 At any moment, I mean at any moment *snap*, I mean *snap* you can wake up and find the new exchange rate on the CBI website... ** Kaperoni The next 24 to 48 hours is critical as parliament will meet to confirm the results [Of the election]. Then we will have to see how fast they can put the next government together without interference. ** Walkingstick and Frank26 The CBI is going to rent...electronic boards from the government of Iraq...they will plaster these new small category notes all over the place. These new small category note pictures will be the new graffiti in Iraq. It'll be on every wall that you can think of...the sighting of the new small category notes is getting closer to the eyes of the Iraqi citizens because IMO the new small category notes are now in the hands of all the private bank tellers...
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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 The other thing that bothers me. You say [U.S. Bank executive] that FDIC insures me $250,000? Yeah. Did you know the FDIC insurance in the small print way down in the bottom there's a clause that says that the bank/the FDIC has up to 99 years to pay me back what you Mr. Bank lost? [Note: Consult your financial advisors at the appropriate time to create the best plan to help you protect your money and assets.] *** Kaperoni Looks like Sadr and the Sadist bloc have formed an alliance with numerous other blocs including the Kurds to now have the largest bloc in parliament and the right to form the government. This appears to leave Al-Maliki and his State of Law coalition left out. Based on several other articles it appears Al-Maliki is trying to imply this result will...have constitutional ramifications. IMO it just seems like Maliki is trying to cause trouble. His time is running out...We can only hope Sadr has the correct intentions for democracy and economic growth in Iraq. *** Vital Brad The [former] governor of the Central Bank of Iraq...he passed away...I think it's so important to put back into everyone's perspective that this life is just temporary... *** MilitiaMan Article: "Exchange rate first" Quote: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards... Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is...
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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 Article: "Parliament sets the Great Hall of the Council as a place for its first session next Sunday". Looks like parliament is set to go ahead and hold their first session which will happen this Sunday. From there remember they appoint the speaker first, the deputies and then they announce the nominee for president. Salih has done a good job hopefully gets back in there...it's January 9th... *** Frank26 [Q? : Who is the CBI now meeting with..?] They met with the U.S. Treasury for about 3 months in a row every Saturday. They then stopped meeting them and about a month ago they started just meeting with the executive level [of Iraqi banks]...
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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 What does it mean to float? Or how can Iraq float the currency internationally? The answer was if you had Chapter VII completed. If you had all Chapter 6 completed. If you had Kuwait say you don't owe us anything and they have. That's why we're at that next step. IMO it's what the CBI has told the executive level to tell the branch levels, the tellers, to tell the citizens. *** Kaperoni Every once in a while you get someone who brings up a Global Currency Reset. It is utter nonsense as I stated numerous times most currencies in the world already float so they are already priced where they should be. In other words there is no such thing. *** Pimpy Article: "Mazhar Salih: The government may make changes to the exchange rate, and the dues of Resolution 15 are guaranteed" The government cannot change the exchange rate...the Central Bank of Iraq is separate than the Iraqi government. They can make requests, they can pressure them, but it is up to the central bank of Iraq ...
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*** Frank26 From December 20th to January 9th - the education continues and they were to show the new small category notes to the citizens IMO. I pray it happens that way. If it doesn't happen well I was wrong...you want to chastise me that's okay...From the 9th of January onward you got the GOI seated officially...the three presidents... *** Kaperoni An article came out tonight referencing Iraq's economic successes in 2021. Primarily Iraq still has not achieved any significant steps to diversify their economy. Until that happens, there will be no change in the dinar...Iraq could be many many months away from changing the current monetary policy. Until a new government is in place, Iraq passes the laws necessary for foreign investment, and until they continue to build a diverse economy there will be no change. *** Frank26 Article: "Likely to change the dollar exchange..Saleh: the government will amend the 2022 budget," It's nice to see this same individual no longer spreading lies that it's never going to happen - you're [Iraqi's] never going to have purchasing power. This canary is singing a new tune.
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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 [Iraqi banks have been closed the past two weekends] Banks at the end of the day ledger-up all their funds. Every teller goes and takes their drawer and they go and count it, rectify it and make sure there's nothing short. They put those drawers in the vault and ready for the the next day. That information is sent to the Central Bank...For people to say we're going to take 2 weeks off to do all this accounting? Friends that accounting is done every day...Now they have a quarterly but it's all electronic now. It happens in one day..[Post 1 of 2]. *** Petra Q? : [Why they had to do two weeks of inventory right before the end of the year?] ...the banks have been closed the last two weekends. The bank people had to be there to do "inventory" but it's a joke. Something is being hidden because something is being done in the background to true-up so that when the new rate does come out they're ready to rock and roll to exchange the old currency for the new...I think that's what's being lined up IMO..[Post 2 of 2]. *** Pimpy Article: "Sources: Al Sadr presents two candidates to head the government, and the likelihood is for Al-Kazemi" This article here is major...Sadr is playing 5D chess and the rest of the people are trying to catch up...whatever this move is by Sadr it seems genius - put somebody up there with him [Kazemi] that is less liked and see what they say. It looks like Al-Kazemi is going to get back in there.
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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 Article: "The withdrawal of the combat forces is historic achievement" We know now that the American and international coalition forces are now out of Iraq. If they're out of Iraq there you go Iraq congratulations your sovereignty is restored. *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: The CBI is really talking a lot...on the news...talking about CBI is expanding inside of Iraq and into Saudi Arabia... FRANK: No. Into the whole world... FIREFLY: ...then this economic expert comes out and he says we got a fixed rate for the dinar but that's bad. FRANK: You see the program rate it's a fixed rate. FIREFLY: ...because it causes problems. And the answer is to float...says Iraq need to go and start by going to 1300... FRANK: This is an economic guy...the solution he's offering it's true but the rate that he's offering...1300...if you've got that time to waste knock yourself out Mr. Economist but Iraq doesn't. They've already run out of time.
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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: "Reducing The Price Of The Dollar Is A Necessity To Live" It's a great article...It is so delicious... Quote: "The Governor of the Central Bank of Iraq, Mustafa Mokhif said that 'the previous exchange rate of the Iraqi dinar is 'distorted' and does not bring about real development in the country, 'stressing that 'the decision to change the exchange rate was not taken hastily, but rather within a well-studied plan in full coordination with the Ministry of Finance and the International Monetary Fund." ...Great article. *** Walkingstick When they float it will be on par with the dollar and it will be 1 to 1 inside of Iraq and outside of Iraq...while it's floating they'll educate the people...a currency can't have two rates...they have a goal and that's to reach the REER...if you want a REER of $1.50 knock yourself out but we have the ability to take it up to [unsaid amount] so why don't you go ahead and float it up to that REER. They will because Iraq is going to become the central hub of the Middle East... *** Kaperoni Deleting the zeros...We don't want to see such an event as this is a LOP. We want to see them float the currency and have the dinar gradually appreciate over time. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: A big thing on the television. All the combat forces, they're pulling out of Iraq...United States of America and other countries... many are now stationed in Kuwait so in reality they didn't go very far... FRANK: This is so powerful. It's important for the monetary reform, for the economic reform.
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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: "For the sake of the banking system..Kuwait: Iraq handed over the last batch of compensation before it was due" Kuwait had to be paid off..compensated with economic reform and return their dead... Quote: "re-integrate the Iraq banking system with the global banking system." Bingo! What they did is they combined the Iraqi banks with the banks around the world... I told you [Guru] Walkingstick's friend came to do this to his private bank in the United States...because of the fact that the Iraqi banks are now internationally recognized the Iraqi currency is about to float...
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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 *** Adam Montana Article quote: "...the Central Bank of Iraq announced on December 22, 2021 the completion of the last remaining installment of Kuwait’s compensation amounting to (44) million US dollars, and thus Iraq had completed the payment of the full compensation amounts approved by the United Nations Compensation Committee of the UN Security Council..." I’m sure everyone here already understands how big this is… what an incredible milestone! This post was taken from another site that follows Adam, and posts snippets from them. *** Breitling Question: "I've been seeing articles about the Central Bank of Iraq meeting with other central banks in other countries like Saudi Arabia and Britain . They're setting up central bank branches in the countries and vice versa. Is that significant...?" It is. It's specifically so other countries can use their currency. Very specific. Their currency [dinar] is going to go out there...they have to have people trying to use the Iraqi dinar which helps their supply times velocity. That's why it's so exciting...It is the formula. So we're here. *** Frank26 Article: "Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation" They've already paid off Kuwait...they already paid off everybody...the last banana peel of Chapter VII is Chapter VI...this article talks about what they already did with the United Nations and why they're about to go and float their currency... *** Mnt Goat ...I fully believe this...the revaluation of the currency...has been tied to the ongoing sanctions from the UN and then the US Treasury... the remaining obstacle to the last step in the currency reform process is the exit from Chapter VI and VII of the Charter of the United Nations...now it is time to take the next step. It has been a hard 18 years (almost 2 more decades) for Iraq, 3 decades altogether since the Kuwaiti invasion. But Iraq is now about to make a giant leap forward and it has in its sights to remake the late 1920’s kind of an economy with abundance and prosperity that was indicative of that period. Yes, they want these “glory” days once again. They even told us so..[post 1 of 2]. *** Mnt Goat ...here is...very good news! The Central Bank of Iraq announced recently that last Tuesday, the payment of the last installment of $44 million was paid to Kuwait early. This will lead the way to the dismissal out of Chapter VI and VII. The UN the Security Council still has to formally vote on it and it is scheduled for an early February 2022 meeting. Iraq has already submitted the paperwork for the request to the UN. Could they convene earlier and fool us? How does this effect the RV? I am not certain if they can still go ahead with the project to delete the zeros with anticipation of being released from these sanctions. There is no legal parameter preventing it from the CBI, however we know this is the first step in the process to reinstate and so once started they can’t turn back. [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 *** MilitiaMan Article: "The International Coalition : We no longer have combat forces in Iraq" Add this to the equation… No combat forces, done early. Kuwait paid in full, early. Digital platforms noted by the CBI, early. Thus, the next move is expected and that is move to a market economy. That will require an international exchange rate...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 ** Pimpy We don't know the rate. We don't know the date. And there's a lot of people out there blowing smoke up your butt...if I tell you every single day that today is the day that the Iraqi dinar is going to revalue, eventually one day I'm going to get it right...Let's be excited about this news and be happy about it but don't get overboard. Stay grounded. This is all great information. At least now you know what happens when they lift Chapter 7. There's gonna be some huge changes for Iraq... [reference Guru Pimpy 12-13-2021 posts] ** Kaperoni gurus constantly talk as if the Iraqi dinar is a lottery ticket and a RV is some random act that's going to happen. That is not the case. Only with the success of Iraq 's economy can the dinar go up in value. And that is going to take time. ** Frank26 Article: "Completing the payment of compensation for the State of Kuwait" Quote "the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed". What did I say over and over? Kuwait was paid...this is big. This is why we have the monetary reform coming. Chapter 7 = Float. You better memorize that. ** Breitling Question: "I've heard chatter/seen articles but I don't understand the significance in regards to them advancing to the WTO and them going ahead and making a move with adding value?" It means everything. Remember China was a third world #$%#-hole and then how did they get out of that third-world @#$%-hole status? We brought them into the WTO and let them use the World Bank that we created...that means they're part of our market system. That means they have access to the biggest customer base on the planet and that's how you make money...
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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: "Completion of the payment of compensation to the State of Kuwait" Quote: "The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed..." What is not to like about this? This time it comes from the CBI. The last time it was from experts. I’ll look for the UN and USA for that final decision. Now that payment’s are completed, that fact should usher in the final decision to release in totality Iraq from Chapter VII. As stated it will allow Interconnectivity with internal and external banks.. That will be a day to remember!!! Imo - *** Mnt Goat We know that the CBI reserves is about 100 billion USD even though recent fake news told us it was only 64 billion (figures from the summer). I am hearing from my CBI contact that leaving the dinar at 1450 or even bringing it back to 1200 is NOT an option. The new economy and investors now flocking into Iraq will simply not work with the dinar undervalued. Of course by now we all should realize this and that the dinar has been “artificially” held back now since 2012-2013...we can expect to watch for an early January 2022 reinstatement. All the information I have points in this direction...We, as investors, are just a small part of this event and will share in the wealth since we helped Iraq through hard times by investing in the currency.
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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: "Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates" Quote: “the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments.” What Salih is telling us/them is that they have enough hard currency and foreign currencies to support and defend their exchange rate through open market operations with ease and flexibility. Key word is “OPEN”!!!. Meaning global markets... 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 *** Frank26 The central bank of Iraq has hooked up with all the banks that we can think of around the world. I know people talk about a GCR but that's not what's going on. Ironically enough every currency on this planet Earth is interested in talking to Iraq 's Central Bank...every bank in the world is visiting the CBI right now and talking behind closed doors... *** Pimpy I still think it's going to go up in increments. I still think at the very least they can restore it back to the rate it was prior to this earlier devaluing...our time will come. Right now the people in Iraq they should come first. They need to get away from depending so much on oil. They really need to develop their private sectors... *** MilitiaMan Article: "The Board of Directors of The Arab Monetary Fund will hold its two hundred first meeting on Thursday, December 16, 2021" Quote: "Successful completion of the first-of-its-kind joint experiment of interconnection between the “Bunna” platform for Arab payments and the European Instant Payment Settlement System to carry out instant payment settlement business in multiple currencies" The most important part is the system has been tested successfully and with multiple currencies, imo that includes the Iraqi Dinar. With the amount of news coming out from the AMF and the CBI we can clearly see that the digital transformation is well under way. ...Yes, indeed we are in a great place. *** Kaperoni ...Comparing Kuwait to Iraq...all misdirection. LOL. No, Kuwait has 40 billion in circulation and Iraq has 100 trillion. Do the math, there is no RV. Differing opinions on where we're at, and where we're going. Time will tell - 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 *** Vital Brad I was thinking with the new administration this reset wouldn't happen. I thought it was pushed off and I thought we were out of luck but it actually seems like they'e pushing it even harder. They're pushing it faster...the stage is being set... *** Frank26 Article: "Economist: What the Central Bank has achieved in terms of monetary reserves requires the government to reduce the exchange rate" ...In 2003 the rate was about 4500 to 1. It has been reduced to 1460 and continues to be reduced until they get to 1 to 1. It started as a very large number and it has to be reduced to 1 to 1 ratio. That's what they're doing so they can de-peg from the American dollar and be...1 to 1 on par with it. Now let's go international because we got a lot of people that want to use the Iraqi dinar. The value internationally is going to skyrocket.
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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 Article: "The government has boosted the cash reserve by about $10 billion" One of the things that help with the exchange rate is you have to have an abundance of foreign reserves. It was almost depleted. It now received a boost of 10 billion...that's a good thing. A good step forward. We need to keep going...they're getting there. ** Nader From The Mid East Somebody ask me if the money is going to be 1200 instead of 1460 and it's going to stay like that. No. It's going to be maybe between 1000 and 1200 ... yes. But it's going to fluctuate. I think in a couple months because it's going to go up so fast it's going to go up to $1.50. For me, the end of February I think it's going to $1.50 if everything goes smoothly of course, and everything goes right. ** Kaperoni Iraq's central bank's reserves going up to $64 billion is an indication that there's going to be an RV. LOL. No, they needed to raise the reserves to cover the currency in circulation which is over a hundred trillion dinar! ** Walkingstick The Iraqi citizens have to see the new small category notes first, before they are given the new small category notes, and the exchange rate together. IMO what is going to happen soon is that the banks of Iraq are going to show the citizens...the description, the size, colors, the pictures themselves/specimen forms...on television, commercial, in the local newspapers, electronic billboards, at the exchange centers, at the mosques, at the markets, at every bank...now we got to get these samples to the managers/tellers because they got to explain to the citizens 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 We've got the education at a different level now. It's faster. It's also more revealing...It's getting louder and deeper on an international scale... They're showing in the last two weeks or so the citizens of Iraq how Iraq is becoming International with their currency. They told them about the new exchange rate. They told them about the new small category notes... ** Nader From The Mid East - United States is still in Iraq. That means the war is still going. Your President didn't declare the end of war...Once the end of war declared is good. Once Kuwait has been paid totally - it's a good thing. Once we are out of Chapter 7 - Right now I cannot sell anything as a salesman because that's the instruction. We can't. We're trying to do business with South Africa, through Turkey, through Kuwait, through Bahrain, through Saudis. We wanna sell to the world...We want to sell a lot of things but we can't because we're in chapter 7. Chapter 7 is stopping us...Me as a business guy I have to buy form Turkey and sell it and it's costing me a lot. I'm making a little but not a lot. Not like my dad used to do or my uncle... ** Pimpy Article: "The Central Bank announces the preparations of a study of the currency structure project and warns against changing the exchange rate" I think the exchange rate is going to go up in increments. That's just my own personal opinion but they seem to be doing a lot more than just preparing for small increments. There's something definitely bigger going on. ** Frank26 Wouldn't it be amazing if they showed them the new small category notes? But first they have to explain to them the new small category notes. They have to explain to the exchange rate changing. Think about it. You barely have an education of maybe 1st grade/2nd grade and they hand you something brand new. A new currency and you're supposed to understand and go about your business? Of course not silly rabbit. That's why the education is so important. Why? Because it must not fail with the citizens of Iraq. ** Breitling Question: "How do you feel about the articles where they say they're almost done paying Kuwait and The IMF giving them another good report. How do you feel about that?" It gets us very very 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 *** Pimpy I try really hard not to get sucked down that rabbit hole when it goes to the RI or RV. I'm not saying it won't happen, I'm just saying there's too many major things that have to fall into place for that to happen. It was my feeling that we would have them have the rate change in increments. But the very things that I know that need to take place for them to do an RI or an RV are actually playing out... *** Frank26 Article: "The Central Bank is talking about 'returning' the dollar exchange rate to 1200" This article is 100% correct...this is a decrease in the correct direction from Dec 20th to reach 1 to 1...when they say they are lowing the exchange rate and returning the dollar exchange rate to 1200 they're talking about an increase in the value of the Iraqi dinar...back in 2003 the exchange rate of the Iraqi dinar against the American dollar was something like 4500-4800 to 1...five or six years later...it went down to around 3600 to 1. Then two years after...it went to 1460 to 1...[Post 1 of 2]. *** Frank26 ...the point I'm making is that when we arrived it was beyond worthless. As the years have gone by and as we've improved Iraq the value of the Iraqi dinar has gone up...it went down on December 20th [2020] - Why? ...so that they could pay a bunch of bills at a lower rate...The goal is to get it to 1000 to 1. That's why they're telling the citizens we're very close to getting it to 1200 to 1...the smaller that the exchange rate number gets - it's not decrease in the value - it's actually increasing the value of the Iraqi dinar. [Post 2 of 2].
