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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: "AL-KAZEMI’S ADVISOR: THE REST OF KUWAIT’S COMPENSATION IS $600 MILLION" Oh…so Iraq was NOT completely out of Chapter VII as we thought? Now we see why maybe they are holding up the reinstatement of the dinar. I Quote from the article: “noting that the completion of these compensations will close any trace and belongings of Chapter VII imposed by the Security Council on Iraq 30 years ago due to the Kuwait war.” So, with the oil revenue that is coming in monthly why wait until early 2022? Are they intentionally waiting while they put in place the remainder plans for currency reform once they are totally out of Chapter VII? *** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: All the previous rates again, they're talking about it...talking about time for Iraq to return to the glory days. This is a special report that they're showing to us again. FRANK: ..they are talking to you from the 'old glory day' of your currency to prepare you for the new glory days with the new exchange rate, with the new small category notes although they call them lower notes...when a government or a central bank repeats itself over and over and over again it's for your education. They're trying to reprogram you from what you don't even know about back in 40's to introduce you to what you're about to receive now in the new millennium.
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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: "International experts announce a new amount for the remainder of Iraq's compensation to Kuwait" Quote: "...$476 million dollars, while it is likely that the full compensation will be paid in the last quarter of this year..." So it says, Iraq is likely that they will pay the last part of the compensation plan to Kuwait in the last quarter of this year. Well we are in the last quarter and have been for a couple weeks now...they tell us "previously" that the payment will end in the first quarter of 2022...Well, they moved it up to this last quarter and it has the potential to even have been paid by now or shortly here to come.
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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 ...there is one important issue I need to cover closely today. It is the quantum financial system...They are now coming out in the public and talking about implementation of the QFS...The central piece of the QFS is to be able to track and convert existing currencies in the SWIFT system into a gold-backed Basel III, IV and V compliant currencies...I believe...they are now getting ready to implement the QFS currency piece. The piece that we investors are waiting for..[post 1 of 2].. ** Mnt Goat Of course there is much coordination with the CBI so that the RV and Reinstatement of the dinar will coincide with the timing...They can not implement the QFS for the currency reform piece until they are...Ready to release the new currency rates and SDR baskets. Today they gave out news to the public to inform us that QFS for currency reform is coming shortly. This is amazing news and is one more item that points to the real possibility of our January 2022 reinstatement of the IQD with the new rate along with the other currencies in the new SDR basket..[post 2 of 2].. ** Pimpy Finally a portion of the announcement I've been waiting for has arrived... Article: "Lukoil announces the discovery of the Arido field in Iraq, with reserves of 7 billion barrels" Remember I told you there was a big field of oil that was discovered and I didn't know why they hadn't announced the discovery of it yet but it should put them about as much oil as Saudi Arabia if not in font of them? This is part of that. This ain't even the big one yet. Now they're starting to make this announcement. I was waiting for this months ago. I'm not sure why they delay...you can see right here they've announced, 'Oh look we magically just discovered...' I knew about this months ago (Guest Guru Nate was the one who told me about it) ** MilitiaMan ...The project to delete the zeros from the exchange rate of the Iraq Dinar (IQD) is not new and has been on the table for many years of the Central Bank of Iraq (CBI). The project has had to evolve along with the education process for the citizens...Many obstacles have been in the path of success to actually deleting the three zeros from their exchange rate...the PM himself having survived ...the recent attempt in the Prime Ministers life...assured the country that he was moving forward with reforms. ...There are many examples that project to delete the zeros is not something that is to be studied now, as it already has been studied and the study supports that it is time for implementation...
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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 ** [Q? :Where are we?] ...the campaign that we told you would be marched out to the citizens is in full bloom...we're in the position where they're continuing the education to the citizens. There might have been a little bit of a time-out today but it'll pick up probably again tomorrow and that was simply because of the nonsense [Assassination attempt on Kazemi]...I told you Iran was angry and they're causing trouble... ** Sandy Ingram ** Article: "Central Bank: Move to open branches of Iraqi banks in Turkey" The Central Bank of Iraq is in discussion to open branches of Iraqi banks in Turkey. Does this mean we may be able to go to Turkey to exchange our Iraqi dinars?
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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: "Basra University organizes a panel discussion on the project to delete zeros from the Iraqi currency" This is an announcement from the Central Bank of Iraq at the University of Basra telling the Iraqi citizens as plain as English can be, as plain as Arabic can be, 'We are lifting the value of your currency. We are removing the 3-zero notes. We did this. We accomplished it. It was a long study...do you mind if we add value to your currency? Do you mind if we introduce to you a new denomination that would match that currency? Do you mind if we enter the digital world of transactions to be internationally recognized and grow as a currency mega force in the Middle East? Do you mind any of this Iraqi citizens?' *** MilitiaMan *** The process of the digital transformation for and of Iraq has been underway for years now. They have had international support from the major players and will be ongoing in the future, as managers and partners in the digitized path Iraq is headed on...Aside from the important e-government aspect, there is e-finance, e-payments, e-commerce, e-payments, and yes, e-dinar is on the horizon. ...They say there is a need to expedite the e-government projects and reforms imo, therefore, we should expect them to do so and quickly 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 There is some very good news coming out of the Central Bank. I am told they are still working towards the early January 2022 revaluation of the dinar. There is a huge necessity to actually conduct the project to delete the zeros as the first step and this could happen any day now as we move closer to 2022. I do not believe the assassination attempt on al-Kazemi’s life will make any difference as the project is part of the solution not the problem. Everyone should relax and be glad we are entering an ending period to this long-awaited process of currency reform. ** Frank26 What you are seeing about the reserves is they're showing you that the monetary reform is more than ready...digital transformations of what they've done internationally under article VIII, oh man that's even more. I've already told you security, stability, supply and demand, 'glory days', all these things showing the Iraqi citizens that the CBI is ready to raise to raise the value of their currency to do exactly what Sadr...is telling the citizens. ** BobTheTaxMan Have you heard anything from Warka Bank? For those of you who may or may not be aware... Warka...opened up it's doors to allow people who were International to open up an account to be able to buy IQD there and store them there [In Iraq]...About 30 days ago it went completely dark. Meaning their website...went away. The source I have...went dark...I sent an email inquiry to the CBI...nothing. I do know they were insured and the account they've got are protected...the only thought I have is...either they're being absorbed into another bank or they're being overtaken and managed in the future by CBI. But I don't know exactly. ** Sandy Ingram Article: "Iraq's oil potential still mainly untapped" Iraq appears to be slated to continue in the power of oil due to the untapped oil believed to be under Iraq. Plus, Iraq has a great opportunity to cash in on tourism almost to the same level as Egypt and Jerusalem...
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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 I've got no choice but to continue to tell you that the CBI is telling the citizens of Iraq that they're going to raise the value and give them a new exchange rate because they ain't telling them anything else. Today there was a bit of a little time out IMO - Kazemi makes a phone call, 'Hey CBI back off from the television because I want to use the television today. I want to make sure that the people understand that I am in charge. That I am the Prime Minister. That I am their leader. That I am in control of the government and the central bank. I am in control of everything and another thing I know who did it...' [Tried to assassinate Kazemi] *** MilitiaMan Article: "Transportation: anchorage of three tankers and a container ship in the southern port of Umm Qasr" More ships in an out mean they are trading, but, are they now starting to clear the trades digitially. The AMF has a report out...that shows Iraq in the graphs regarding blockchain... The fact that Iraq is included shows progress that the region is about to be or is on a level playing field.
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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 You may say, 'Oh...as soon as Kuwait is paid off we're going to see the monetary reform of the Iraqi dinar.' I would say to you, NO. You don't need to pay off Kuwait in order lift the value of your currency. You need to pay Kuwait in order to be lifted from the sanctions and those sanctions are a tangibility of why they haven't raised the value of their currency. Even though they are not directly related...they certainly are indirectly related...all that is being done to allow Iraq to lift the value of their currency is before us and it is just extremely exciting... ** Sandy Ingram Article: "Iraq pays $490 million in war reparations to Kuwait" Iraq has lived up to its obligations and paid Kuwait over another $490 million in war reparations... ** Kaperoni ...The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy...Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate,..." [Post 1 of 3].. ** Kaperoni Floating the dinar would give the CBI a mechanism to allow the currency to gradually appreciate to counter inflationary pressure created by investment and growth in the economy. It also would give them a mechanism to remove the dinar gradually from circulation as the dinar appreciates in value. This IMO is the only way I can see them significantly reducing the money supply. The alternative is a re-denomination (LOP). [Post 2 of 3].. ** Kaperoni Though none of us want to see them re-denominate/LOP, it must be known there are various colleges in Iraq hosting seminar / symposiums on the subject. So as dinar investors we should all be aware a re-denomination/LOP is a real possibility. What that means is the IMF is encouraging Iraq to float the dinar. Not RV the dinar...[Post 3 of 3]..
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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: "Al-Kazemi receives Al-Abadi and confirms: We are proceeding with the reform project" Enough said...Show time...The looks of it is per the PM is that we are proceeding with the reform project...In other, words, thank you for all of your GLOBAL SUPPORT!! Be rest assured your investments in Iraq are safe, stable and secure and we are moving forward with the reform project...imo. *** Frank26 They have over 60 billion in gold reserves. That's not even...the USDs. The revaluation of the Iraqi currency has so much potential. It's insane the potential that Iraq has. The reserves that they have and the gold that they have it'll cover the new exchange rate with no problem whatsoever. They are primed. They are ready. They're teaching the Iraqi citizens this is what is about to come out to you. It's no secret...no doubt about it is extremely 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 *** Breitling It's good to have it refreshed in your mind - Why did they lower the value of their currency? So they could pay off their debt. Every country does that. Look at the United States we're going through inflation. People who want to pay off our debt are happy as all get-go because that's what you do. You cheat. You lower the value of your currency and you pay off your debts for dirt cheap...people think there's all kinds of disasters around the corner - it's not what is happening... *** Kaperoni Iraq has a hundred trillion dinar in circulation. There is no significant overnight RV. Remember one of the functions of the daily currency auction is to maintain stability. That is achieved by a balance in the market of dinar to dollars. Removing one or the other creates demand which affects the exchange rate. The dinar had substantially increased (and not decreased...) since the first of the year due to the reduction in exchange rate to 1470 to $1...[Post 1 of 2].. *** Kaperoni Even if you don't look at the CBI reports several economists (including former deputy CBI governor and the prime minister's advisor Salih) have stated in the media how much dinar is in circulation. And again we know the money supply has not been reduced because the exchange rate is stable in the marketplace...[Post 2 of 2].. *** Frank26 We've been telling you for a long time you're far ahead of the curve, that the CBI would come out and show commercials and start explaining everything. You're seeing all that...How come there's nothing in print about what we're telling you that [Firefly Boots-on-the-ground] is being told by the CBI about the lifting of the value of their currency? Why? Why? Why? Because they [the media] were not allowed to ask any questions. You are now going to see questions and answers in print. They'll catch up to you being ahead of the curve once again...starting Sunday, look all over the place... *** Pimpy They're talking about rate exchange again. Article: "Economist: Reducing The Dollar Exchange Rate Is Exclusively In The Hands Of The Governor Of The Central Bank" The government can't say or demand or do anything to change the exchange rate. That is up to the governor of the central bank. They're totally separate and independent of one another. If the rate is going to change it has to be the governor of the bank not the government or parliament. They can't force the central bank to change the foreign exchange rate. Quote: "Economic expert had previously confirmed that the central bank can gradually reduce the price of the dollar..." This is what I was talking talking about - It's being done in increments. *** MilitiaMan It is not all about Iraq, it is far bigger than that... So for those that suggest 2022 era for a rate change may be short sited, because the thought that it is only about Iraq is not considering the Digital Transformation that is upon us now, not later... 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 Something big was announced... Article: "US Bank expects oil prices to rise to $120 per barrel" I think it was $45 a barrel projected for the 2020 budget. The 2021 budget either $50 or $55 a barrel...$120 a barrel? This is going to be phenomenal for Iraq. Talk about getting back on your feet in a quick way. This year they were able to get rid of the deficit. Next year if this price stays at where it is or even gets to $120 they will have a surplus. That means more money for the private sector...that's what we want to see...a strong economy create a strong currency. That's what we want. *** Frank26 [Boots-on-the-ground Firefly Iraqi TV report] FIREFLY: They are actually showing us our old currency from the 40s, and 5 from the old days, and then they talk about our current currency and they keep repeating and saying over and over today that the exchange rate needs to be reduced [reduced is the right direction] to help the citizens... FRANK'S RESPONSE: They have to show you the old notes because the old notes used a different exchange rate back then so they have to educate you on why you're getting a new exchange rate and new currency with it. You are being educated about the removal of the 3 zero notes...soon you will be introduced to the new small category notes which the governor of the Central Bank of Iraq is talking about with the new exchange rate...FIREFLY: We are amazed at all the stuff that we are actually now seeing and at the speed that it's coming to us...I am excited right now because it is the final countdown...
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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: "Enrollment and digital transformation". The Central Bank has ANNOUNCED that they integrated the new digital system. The system is to make way for a cash less society. Not a no cash society. Therefore, the implications suggest they'll be changing the exchange rate to reflect an internationally accepted rate that will be or is now digitized. [Post 1 of 2] *** Militiaman That will imo require Article 8 compliance and New Small Category Notes to facilitate trade down to the street vendors. There will be new digital equipment necessary to facilitate the new systems, new equipment in place now. They ANNOUNCED they launched the new system... They also are now and have been talking about the change of the exchange rate...The GOI is to approve of an exchange rate change and they clearly seem to be. The job of lifting the exchange of the Dinar to the Dollar is the CBIs job... I like what we see here and the timing couldn't be better... imo..! [Post 2 of 2] In my opinion this is awesome news..! It would be wonderful if something happened before the new year ... 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 *** Militiaman ...I presume the questions are whirling around as to time and amounts? All I can say to that is they suggest digitization is upon us, so time is short.. As for valuations, that is a tricky topic as valuations depend on so many things. But, let’s just say they did tell us they want to go back to the previous era.. Well an era is a long time ago, not recent history. Glory days comes to mind.. Oil is not $45.. lol *** Pimpy A new contestant has entered into the royal rumble and this is not one that you want to be playing. Guess who is making themselves known. Yep ISIS. Article: "The Diyala attack left a massacre...the result was 12 casualties and 15 wounded" ...we don't want ISIS there. Iraq has taken big strides to get back on track. They have done great things to get back onto the international scene...this is just a small attack but let's hope this does not escalate. I'm really troubled about what happened to Afghanistan...we don't want that to happen [in Iraq]. We want stability there... *** BobTheTaxMan Question: "If I exchange IQD in the first quarter will I owe taxes on the exchange in the second quarter?" The taxes are due in the quarter you have the gain. For example: If you the exchange happened in February you have to pay the taxes due, both the federal and the state, by March 31st... [NOTE: Consult your tax professional at the appropriate time for assistance in paying the right amount of tax for your situation.]
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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 *** Breitling Question: "After the IQD RVs do you believe the banks will exchange immediately or will they wait until the currency stabilizes?" No they will trade immediately. *** Mnt Goat Article: "THE CENTRAL BANK OF IRAQ: A LIST OF IRAQI BANKS THAT HAVE OBTAINED THE CLASSIFICATION OF ACCREDITED INTERNATIONAL AGENCIES" Why would they do all this work to establish their international banking ability and to get all these ratings if they did not intent to trade and use the Iraq dinar internationally?...It’s coming…!
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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 ** Breitling Question: "When Iraq puts value on its currency will it start out at .40 cents, .50 cents? I've heard they want to get it to a dollar." That's exactly what they want to do. At a minimum they want to get it to $1.17. Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF - 'can you help us get our currency back to $3.25'. 'Absolutely we can help you do that.' But it's a process...the .50 cents and above - where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and...help expand their markets. At the point I was doing that math (it might have changed a little bit) it was like .58 cents. The best math we could come up with. ** Vital Brad People talk about the contract rate. I'm not a financial advisor...make your own financial choices...Here's my thought with the contract rate...I've heard some people say that, 'Oh when you exchange your dinar there's going to be a contract rate of at least $30.' I'm like - huh? - there is no contract rate..! ...IMO $3.22 (is possible) for the dinar. That's what the Iraqi dinar is worth based on that particular country's assets and wealth...If [the rate is] $3.22 how can someone get $30? An exchange rate is an exchange rate. Who's paying out the difference...I'm not trying to burst anyone's bubble. That's not my intention...I think the rate is going to come out at the rate it's going to come out at and I don't think there's going to be a contract rate. My opinion only... ** Pimpy Article: "For the second day, the dollar exchange rate fell." That's right the dollar is losing ground on Iraqi dinar but it's not like it's huge leaps and bounds. They're very small but the dollar is becoming weaker and Iraqi dinar will become stronger...
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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 If anybody understands how Iraq forms a government, must realize it is not an elected prime minister it is political groups joining together to form the largest block which they then choose the next prime minister. Al-Maliki has been working diligently to form the largest block. This needs time to play out but to see Al-Maliki hosting meetings to form the largest bloc to choose the next prime minister (which he hopes is himself) is not what we want. This won't happen...Sadr, who has the most seats, hates Maliki and won't let that happen...RON ** Mnt Goat Article: "OIL EXPERT: IRAQ WILL ENTER ONE BILLION DOLLARS ANNUALLY IF THE PRICE OF OIL INCREASES BY ONE DOLLAR" Boy, oh boy, I have to admit they are very good at hiding their numbers. Well so, at $1 billion additional monetary reserves for every $1 increase in a barrel of oil then with and increase of $20 a barrel (additional $20 billion in monetary reserves ..right?) they are telling us they can reach over $100 billion in monetary reserves by the end of the year. I said by the end of the year… Could this be their goal all along..?
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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: AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE" I think they are trying to warm us up to the FACT that they are more than ready to revalue their currency. This is just one more article informing us. *** Kaperoni Though everybody would like to see things begin...we have to keep in mind that we just had an election a few days ago and Iraq has a tendency to drag out the process of forming a government for months. I wouldn't expect a fully seated government for at least four months. *** Breitling Question: "Do you think the CBI is waiting for their economy to diversity away from oil before they complete the revaluation?" No I don't. I think they can add value to their currency today. I think...there's a lot of influence from Shia/Iran in the region and they can burn anything they want down. What Iraq is trying to do is - how do they build this up so they don't piss off the Saudis which is Sunni and they don't piss off Iran which is Shia. They keep those guys at bay. [Post 1 of 2].. *** Breitling Not only that but they can't piss off Russia . They can't piss off the United States ...that's where the hesitation comes from. It is tough. That's why the opportunity is such a great opportunity. Most people won't risk to get into that. To me it's not a risk. I can take the currency I bought and exchange it for what I paid for it. It's that simple. But they don't need to diversify. Iraq - their currency was at $3.25 just selling oil and they want to get it back to that. [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 Yes, that's right there's talk of an exchange rate change and that's got the big-what-to-do going around the dinar community... Article: "After the rise in oil, expert reveals the possibility of reducing the dollar exchange rate with this mechanism". Here we go. This is what everybody's talking about...What they're talking about is decreasing the dollar against the dinar - giving the dinar more purchasing power. That's the direction we want to go into... [Post 1 of 2....stay tuned] *** Pimpy Quote: "an economic expert revealed on Wednesday the possibility of returning the dollar exchange rate to its previous era..." When they say era I think they're talking about where it was prior to this last move. Instead of getting 1450 dinars for every dollar you're going to get 1190 dinars...not the big jump. Not yet. I do think it's going to go up in increments a lot faster than people think. We don't have to wait for an RI or an RV. Through a normal course of how currency gains its purchasing power we can watch for that because it seems to be happening... [Post 2 of 2] *** Walkingstick ...'Europe' said it best...'The Final Countdown' What exactly does this mean, and in what context..?
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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 [Iraq Boots-on-the-ground Firefly TV update] FIREFLY: Sadr...on tv saying...we will improve the dinar to be in the ranks of the international currencies... FRANK26: Improve your currency to international levels …no kidding… and he [Sadr] says that Iraqi citizens are about to be rich… no kidding …Like we need to hear it from him lol but you will soon hear it from Kazemi and the governor of your CBI …by the way...the auctions today they are at a phenomenally low level for a phenomenal reason… *** Pimpy Article: "The International Monetary Fund expects significant growth in the Iraqi economy and decline in inflation in 2022" Heck yeah that's what we want to see. The IMF is predicting that Iraq's economy will improve by 10.5% next year. That's awesome . And there will be a decrease in inflation by 4.5%. That's exactly the type of thing we are looking for. This is going in the right direction...when you want to talk about things to look for indicators that their currency is going to grow in value these are some biggies right here...this is great news...it's looking really good for Iraq. Blessings Everyone..! 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 ** Kaperoni The IMF came out...stating that they expect significant economy growth in Iraq next year to 10.5% and inflation to go down to 4.5% out producing all other oil producing Middle Eastern countries. To be honest those are pretty big numbers coming from the IMF so they must be confident that Iraq is about to turn the corner and build their economy. ** Okie_Oil_Man I owe so much to so many for all their prayers. I believe those prayers are literally keeping me alive. I just passed my 80th birthday and I thank the Good Lord for giving me enough years to see us all in the position we are in right now... I am expecting great things to happen rather suddenly. I have been in this since 2003 and...I am expecting it rather soon...I had to post this here because Okie is such a legend in the Dinar community - even though most has been on the wild rumor side. I'm rejoicing that he Thanks The Lord and credits our prayers as prolonging his days during some serious, life-threatening illnesses. ** Desert Advisor Article: "Iraq's Government Interventions Prompt Improvement in Forex Reserves" They're heavily talking about Forex publicly now...they also mentioned that Iraq is trading strong against the global currencies already. Which I was kind of confused because I really couldn't see anything else to verify that it is trading internationally but that article mentioned it so check it out yourself...
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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. More Al-Sadr references, and perspectives... RON ** Newshound Militiaman On the day of election results we see that Sadr is saying... "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"' I am not sure what his definition of gradual is but, Article 8 is fully international, therefore, at the starting gate there needs to be a beginning. Going international at 1460 imo is not in the cards. Sadr is not the financial expert in charge of changing the exchange rate. The CBI is and will be. imo. Regardless, change is coming... ** Newshound Kaperoni Looks like the Sadrist bloc (Al-Sadr) will be the majority from the elections. They will have the right to choose the next prime minister. Since he does not get along with Al-Maliki we can assume it will not be him or anyone from his party. As for current prime minister Al-Kazemi, he may very well put himself in position for tenure as prime minister and to achieve his economic agenda. ** Newshound Pimpy I'm glad this election is over. As you can see the rate didn't change...people spreading rumors about how the rates gonna change on the day of the election although that would probably be a real sneaky tactic...What is the next benchmark here? Oh yeah the 17th. That's the other one everybody is talking about. We will see. Hang tight. Like I said it won't necessarily be an RI or RV. We're going to see it jump up in increments. As long as the economy continues to grow in strength, the private sector is being built, they're not relying so much on oil, there's a lot of factors. So far so good. I'm happy and I'm curious to see who won... ** Vital Brad's Dad There's probably 5 people or less that have any kind of indication as to when it may actually fly. And there may still be things we don't know of that have to be put into place either in Iraq laws/governments/whatever before it can actually go...There may still be things out there that need to be done that we don't know about...but again, turn around and it could happen on the 17th... ** Intel/Newshound Mnt Goat Article: "AL-SADR: WE WILL WORK TO RAISE THE LEVEL OF THE IRAQI DINAR" ...Could the news get any better? Yes, they are coming right out now and telling us now that they fully intend to go international (FOREX). I quote from the article above – “The people’s oil is for the people, and we will improve the dinar to be in the ranks of international currencies gradually and activate the role of clans to support the stability of Iraq”... That's All Folks ... Blessings ... 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 ** Pimpy Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" This is the one everybody's talking about...the wording in here is a little eye-catching...what I like is the fact that they're saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down...That doesn't mean there's going to be a rate change...they're definitely building up the private sector and that's what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there. ** Desert Advisor A few weeks ago it was announced by one of the representatives about the price of oil. Quote: "Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars..." They are announcing publicly from pretty much their members of congress talking about they want to raise the rate. ** Kaperoni Al- Sadr made a statement ...in the media after winning the largest Bloc that "We will work to raise the iraqi dinar to be in the ranks of global currencies gradually." In other words there is no overnight RV as I've been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy...A different perspective & interpretation of Sadr's statement...!
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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: "AlKazemi's advisor proposes solutions to reduce the value of the dollar" Don't get mad if there's no RI or no RV. I'm not saying those won't happen but what I'm saying to you is don't be surprised if you see it go up in increments. I'm just saying...this does not mean they're going to increase the value of the dinar. He's saying we have the ability to do it if the following takes place. Let's feel good about that. I do think they're going to increase it...I thought they would have done it sometime this year maybe toward the end of the year but let's see if the value changes. Don't go looking for no $2 or $3 or anything like that. If anything they'll probably go back to the other rate. (Post 1 of 2).. *** Pimpy I know it's not what you wanted but just hang tight people. I'm telling you as Iraq continues to rebuild, their country is going to need more and more purchasing power. But they need things in there to make sure that their economy stays stable. Foreign reserves have to increase. Oil has to be consistent. They have to build the private sector. They're starting to be more and more on the international scene. They seem to be taking a leadership role in the Middle East...they need to be strong. Secure. Safe. Back on the international scene doing trades and they've already been in the process. But most of all IMO we need to see Al-Kazemi get back in there for reals. (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 ** It looks like an all fair election, transparent and clear. No hassles. No nothing. From all the stories that I've heard including people I spoken to over there, it went without a hitch. Which is surprising. What I mean by that a lot of elections in the past have been questionable. Everybody seems to be happy. I mean everybody. All the way around. We'll learn more in the coming days that's for sure. The results should be finalized by only a few hours from now... ** MilitiaMan ** Article: "New instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" ...we can see that there is a convergence and a preparation for an event to take place. An event that is suggested to be of such importance that is can make or break the country's efforts to initiate, revive and strengthen the country's economy and currency. ...An internationally accepted currency brought out by the CBI may just do that...
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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: "Iraq's Govt Interventions Prompt Improvement in Forex Reserves" It's interesting the way they speak of how the Iraq Dinar is performing with the strongest currencies on the markets, when what is out there suggests they are not performing in the Global markets that we know of from a US perspective anyway...As they told us recently that the CBI has had over the last 9 months kept the program rate of about 1460 IQD/1 USD stable and the Cadres are aware of that. In fact, hundreds and hundreds of central banks, finance Ministers, etc, all know that there is a digital transformation going on and yes Iraq is apart of that. In fact, Viet Nam is too imo...What I think this is about is an educational event and for what to expect in the near future.
