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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: "Al-Kazemi's financial advisor: Deleting three zeros from the currency is an option" Every six months or so this gets brought up and everybody gets in panic mode...he didn't say they're gonna do it. It's an option. They did 5 years worth of study. You know what they found out? It's not doable. It affects the poor too much...they already devalued the currency, now you're talking about lopping off the zeros? So 10,000 dinars becomes 10 dinars...lopping the zeros off the currency -bad. Removing it off the rate - good...if they lop off the zeros people would lose confidence in their currency. You would get pissed off people from countries all over who have invested into the currency...(Post 1 of 2).. *** Pimpy Look they talk about this all the time. People always get their panties in a wad. They talk about this but there's already been a ton of studies that say this would be big. This would be bigger than when they devalued the currency in the first place. Are they going to do it? There's no way to tell. Most likely not. That doesn't mean I'm right. It's my opinion...this would be yet another huge blow to the currency itself. People would lose faith in it...they bring this up at least once every six months...everybody goes up in in arms. Everybody panics...watch what they do, not what they say...(post 2 of 2)..
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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: "Al-Kazemi's advisor: The Central Bank is able to control the exchange rate of the dollar against the Iraqi dinar" Quote: "The Central Bank had confirmed the stability of the dollar exchange rate and the absence of any intentions to change it." People keep talking about this...that a rate change is coming - coming sooner than you know. I believe it's going to change too but not that dang soon...I'm surprised it's taken this long but hang tight it's going to happen... *** Frank26 The U.S. Treasury directly told the CBI, 'Raise the value of your currency'...we have articles - IMF telling the CBI, 'Raise the value of your currency' directly. I mean directly the World Bank tells the CBI, 'Do it. Do it. You're sovereign. Raise the value.'...Look at all of those that are telling them to raise the value of their currency beside you. *** Pimpy We haven't had any kind of disruptions recently. No civil unrest. No protests. No missiles. No terrorist attacks. No Iran being bullies. It looks like foreign companies are coming in to do business. Looking real good. And the dinar is going in the right direction. *** Kaperoni Almost a year after it was written, Iraq still has not implemented the majority of the 'white papers' which were designed to diversify Iraq's economy. I assure you, Iraq has no intention to raise the value of the dinar under the current conditions. Iraq must pass laws and create a suitable investment climate before the dinar could ever appreciate in value. ...as I've stated numerous times the Iraqi dinar is pegged to the US dollar so outside the country the exchange rate is fixed and does not change. Until they decide to unpeg and float the dinar there will be no International change in the currency value.
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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 are now seeing the campaign that we told you would come out from Mustafa Ghaleb, the CBI governor. A campaign we said to educate the citizens, everyone...on the new 'mechanism'...what is the new mechanism? A plan. What is the plan? A new exchange rate. *** Pimpy *** Article: "The dollar is declining and central bank sales are declining". This is great news...I told you outside of waiting for some type of RV or RI announcement there's other things we should be looking for. The dollar is still declining against the dinar. This is good. It's not like a lot but it's still good. It's going in the right direction...the other day you could get 1490 dinars for a dollar. It is now dropped down to 1485 dinars per dollar. Now I get it. Some people will bash it but you don't get it. It's going in the correct direction. If it goes in increments and it just chugs right along every week I'll take it. Seriously, as long as it's going in the right direction that's all that matters... *** Other Posts *** Not much of significance to post. Lots of real BS being posted by the pumpers. I'm sure Luigi will post some of the outrageous statements being made about this weekend.
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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 *** Looks good you guys. We want outside investors in there. We see the Iraq dinar gaining against the dollar again. We see other countries eager to come in and invest. We see that things seem to have quieted down. They're very stable. These are all good positive news. That's what we wanted and that's what we got... *** Petra *** The Finance Minister said in an article: "the ministries is continuing to open up to the world to conclude the best relations. To open a new horizon of cooperation. To restore its rightful place among the nations of the world. It's continuing with global openness and concluding investor relations." Concluding. That's past tense. Finishing out. Whatever work they're doing internationally they're finishing up... essentially they're making a declaration that they're doing business, they're opening up, they want to be recognized as a sovereign country (which the G7 just did) and now they're saying they're opening up for business. It's a very very clear statement... That's all Folks ... Blessings ... RON
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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 dollar exchange rates fell in Baghdad and the Kurdistan Region" What does this mean? Remember I always told you guys, think about the direction the dinar is going in. That's how you know if it's good or bad. It says the dollar exchange rates fall in Baghdad (And in Kurdistan ). That's a good thing when the dollar exchange rate, not the dinar, fall...that's what you want to see happen...the number of dinars you get for the U.S. dollar you want that to go down. The lower it goes the better it is for those holding onto dinar...you don't want it to go up, you want it to go down. If the numbers go up, it means it's being devalued...
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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 hosts the governor of the central and the Finance Committee talks about sales in violation of the dollar and beneficiary parties" Here we go. We're starting to get into investigations regarding the exchange rate...this is the people's money - what the hell are you guys doing with 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 *** Pimpy *** Article: "The dollar is falling with the closure of Baghdad markets" They're starting to lose their trust in the U.S. dollar. It's something I thought would never happen...I never thought it was possible...we know that the dollar continued to gain over and over on the Iraqi dinar. Iraq had to take some steps...to keep that from happening...and it appears they've done a great job. The dinar appears to be gaining so far. It's just a minor step but it's still a good step...So instead of you getting 1550 for every dollar, it's back down to 1490 and it's going to continue to drop. Let's hope so. It seems to be going in the right direction. That's what we want. *** Petra *** What is the end game? If you look at the challenges Iraq is having now in regards to the Kurds and they're threatening a lawsuit. The governance is looking for their HCL money. The countries that are just waiting to invest in Iraq. We're down to a single move. Once that single move occurs all of this stuff goes away. The Kurds aren't going to sue if they get their monies...All of this goes away at the change of a rate...they've done everything...They're ready to go. They just need the rate... *** Ray *** Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?) Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month." Time Will Tell..!! *** Frank26 *** [Community member B/S bank story] Member: I was talking to the Nova Scotia Bank and I asked it they'd be doing currency exchanges for foreign currency. They said yes. They even looked up the rate and told me what it was at the time. I was really excited. Frank: Did you specifically say the Iraqi dinar or did you just say foreign currencies? Member: They asked me what currencies and I told them the Iraqi dinar and dong. Frank: So Nova Scotia Bank in Canada is telling you they will do exchange with the Iraqi dinar whenever you want, right? Member: Yep, that's right. Frank: ...it's interesting to see that Nova Scotia is talking to you very comfortably. They are not being paranoid, 'Oh, we don't know anything. It's a scam. We don't do the dinar.' No. They treated you very business like didn't they? ..(post 1 of 2).. *** Frank26 *** [Community member B/S bank story continued] Member: Yes they did. It was very business like and well done. They didn't say it was a scam or anything... Frank: Canada, you now know the bank that will be exchanging the Iraqi dinar. I find it interesting that that bank was saying no and now they're saying yes. IMO I think it's because banks are a little more savvy because the World Bank has been talking to the BIS and have been talking to many central banks. When's the last time you've had Wells Fargo say, 'No, it's a scam!' No. I don't hear that anymore...anyone who treated me like an imbecile all these years will never get my business...(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 *** Kaperoni One of the most frustrating things is to watch the Central Bank of Iraq and its new governor learn the procedures they need to maintain the exchange rate. This seems to happen every time they get a new governor. Maintaining the spread is a balance between dinars in dollars. The CBI needs to make sure that they are fully liberalized to provide that foreign currency per IMF guidelines. It's also a catch-22 of sorts because they don't want to just spend all of their reserves to fulfill the demand when the majority of the demand are people manipulating the system for profit. The solution is to curb this corruption not reduce the foreign exchange. But Iraq seems to have an inability to do so. As a result we see the foreign exchange at the auctions continually going up. And when they reduce the currency available then the spread begins to climb. *** Walkingstick I want you to notice something. These terms 'implementing a new mechanism' are being used for everything that's needing a new exchange rate. They are implementing a new mechanism...You know them all - the salaries, the budget, the HCL, the farmers, the white papers. *** Pimpy Article: "Dollar price close at 150 thousand dinars in Baghdad" For every dollar you get 1500 dinars. It's going in the wrong direction. This means people are losing faith in the dinar and they're getting away from it by grabbing US dollars. You don't want that to happen. You want people to stay confident in their currency. The government is going to have to do something about that and I think we're going to see that real quick. *** Frank26 Kazimi and Ghaleb are in cahoots. They are on the same floor. They are standing on the same terra firma. They understand exactly what they are doing with their reforms. One of them is in charge of one reform. And the other one is in charge of the other reform but ironically enough one reform can't be launched without the other reform going first or simultaneously. Ghaleb and Kazimi are in deep conversations with the Fab 4...they meet everyday...right now the topics they are having...are hot on the economic and monetary reforms...
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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: "PARLIAMENTARY ECONOMY: THE STREET WILL EXPLODE IN THE FACE OF THE GOVERNMENT IF THE DOLLAR CONTINUES TO RISE" Quote: "...the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate..." ...How long will this devaluation continue? When will they finally delete the zeros and issue the lower denominations? When will they realize this is part of the problem and holding them back. *** Pimpy *** Do I think the rate is going to stay where it's at? Hell no it's not. Not for no damn three years. Is it possible? Of course it is but I don't see 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 *** Frank26 *** Article: "Specialized Banks" Quote: "Now that we are moving completely towards the capitalist market economy system..." Capitalist market economy! That's freedom. My money is free to move in your country? That's Article VIII! Somebody ring a bell! Ding, Ding, Ding, Ding! Thank you...this is powerful. This is Article VIII.
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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 on the 20th of May the Fab 4 finished with the Central Bank of Iraq - the Central Bank of Iraq basically it's your turn now. That's extremely close. That is an extremely long accomplishment that has been completed and for the governor of the Central Bank of Iraq to actually come out on the 20th and actually say those same words, 'We have completed.' What? 'This, this, this and this.' And all 'this this this' is not for a program rate. Not at all...un-peg. It's your turn. *** MilitiaMan *** Article: "Wisdom suggests that the Minister of Finance will not be questioned for these reasons" There may not be a need to question him if what I see to be a key component of reforms being on the table. The mechanism gets places accordingly, there will be no need to question him. As the mechanism fixes the problem... That's all for today ... Be Blessed ... 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 There are many telltale signs that Iraq is going through a monetary reform. We told you on the 20th the governor of the CBI was going to come out and tell you 'look I competed a lot of things'...the CBI is trying to say, 'we're done'...What's competed? Every step required for the monetary reform. When you look at the fact that they're connected internationally. When you look at the amount of gold they have piled up. When you look at the contracts. When you look at...they had two meetings. One with 500 banks and another with 300 banks. Come on! ... Why is the CBI so important? Do you know of any other country in the Middle East who's currency is about to go up in value? *** Mnt Goat Article: "IRAQ IS FACING A DATE TO OFFICIALLY RESTORE THE PREVIOUS DOLLAR EXCHANGE RATE" ...When they come out raising the dinar rate they are going to go big. Much bigger than the previous program rate. *** Frank26 Q & A: [Mr Frank, Erbil and Baghdad budget agreement will be implemented..!] I know...we saw those three days ago and I’m rather excited because in my opinion I believe this is related to the monetary reform as well because Kurdistan did not want any more delays... [Mr. Frank, you were right about the 20th and we are kind of excited here especially with disagreement on the budget because it seems like the Kurds we’re pushing for the HCL] ...everything waits for the new exchange rate but I think the waiting is coming to an end... [...this is our oil and gas deal our HCL isn’t it.] Yes...and the next thing you will receive is purchasing power in your currency oh and by the way stop and think about it...(post 1 of 2).. *** Frank26 Iraq central bank has added a ridiculous amount of gold and other assets to back up their currency and it’s rather insulting to think that this mountain of gold is for a stupid program rate. The Kurds is what we were looking for but I also want you to take note China is not as stupid as they are cruel to see them pour in billions to get oil from your country because they cannot get it from Iran is only going to make your Country very rich and that’s just one of the endless countries that are coming into your economic reform and all because the monetary reform was done correctly properly and Proficiently with the Fab four and the whole international world knows this and loves it...and yes the governor of the CBI on the 20th completed everything..(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: "Kurdish parliamentarian: The region’s delegation will not sign any agreement with Baghdad" Quote: "... Kurdistan Regional Parliament, Diyari Anwar, ruled out the signing of an agreement between the next Kurdish delegation to Baghdad and the federal government regarding oil...." ...Why visit Baghdad for a formal visit if not for the HCL? Maybe because they are to come for a photo op, as the HCL has been sorted already (Feb 24, 2021) and now they may have the mechanism for it. imo... To the latter, it would be a formality. imo. KEep in mind the new system has corruption under control once they interlink with the mechanism going forward, 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 *** MilitiaMan *** Article: "a large number of industrialists will start operating their factories when they are allowed to open credits with a subsidized dollar."... Think about that. ... "Also, selling subsidized dollars to industrialists on the condition that documents are opened through banks will greatly encourage the stalled factories and speed up their start-up, which ultimately leads to alleviating the unemployment problem that has become constantly exacerbated." ...They are going to a market economy. ..."The "industrial dollar" contributes to reviving the national product” ...They are saying a rate change is coming... ... *** Frank26 *** Vietnam, it's like its feet are moving and someone is holding him up [by a rope] and as soon as they let him go he's going to take off. Vietnam way ahead of the schedule...Vietnam is exploding on the international scene...boom today we Bring you article and one of them said Vietnam has been taken off the currency manipulator according to Bloomberg news...
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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 Dutch Disease and Iraq's Foreign Exchange Rate" Quote: "Had the dinar exchange rate been determined...the rate would have been much higher because of international demand for its oil." This article tells us/me...they can and could support an exchange rate for our benefit and one that would benefit the citizens and bring purchasing power..! Quote: "therefore, it's high time now to adopt a flexible exchange rate..." All the things we are seeing now points to the digital transformation and going to a less cash society with purchasing power is coming to Iraq...
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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 *** Something has happened and what I believe is happening is that there are many codes that are being established and are being implemented with the Iraqi banks. I believe they are for imports, exports. I believe it's for an exchange rate that is not public yet... *** MilitiaMan *** Article: "Nechirvan Barzani discloses "significant" external support for Erbil and Baghdad to resolve their differences" Quote: "there is "great" international support for Erbil and Baghdad in order to solve the differences and pending issues between them" There is a Digital Summit going on through tomorrow. The mechanism that Baghdad and Erbil are to disclose is about to reshape the way they do things and in a big way...imo The world is watching and reacting now. imo There would not be 500 global bankers and Central Bankers over a two to three week period discussing digital clearing and compliance. That does not get done with out massive logistics... imo...We are in a good place... Good Morning Dinar Vets....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 *** Mnt Goat *** Article: "PARLIAMENTARY FINANCE TALKS ABOUT THE CONTINUATION OF THE CURRENT EXCHANGE RATE OF THE DOLLAR FOR THE NEXT FOUR YEARS" Quote: "...setting up a schedule for four years to normalize the exchange rates of the dollar is illogical and contains many inaccuracies..." ...They are not saying that the devalued rate of the dinar will remain for 4 years. The finance committee is opposing this move and says it will be subjected to “annual” re-evaluation... *** Frank26 *** [Community member bank story.] Frank - About a month ago I told you IMO you should start asking your bank friends about the Iraqi dinar...I feel banks are now in the position where they are well advised/informed of what's going on. "W" lives in Jacksonville, Fl [Here's his bank story] I went to one of the managers [Chase Bank] and went into the office...I closed the door behind me...I said I don't want anyone to hear this conversation...I said I have some currency to later on exchange. He said, 'ok, what kind of currency...?' I have dinars. He looked at me with eyes open big. I said, everything alright? He said 'yeah, yeah.' He starts typing on the computer...he said, 'oh, we've been waiting for something to happen. When something happens we will be ready for you.' Frank - So he said they have been waiting for something to happen with the Iraqi dinar!? W - Yes. Frank - Ok, continue...(Post 1 of 3)..Stay tuned for the rest of the story..
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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: "Saudi companies prepare to launch giant investments soon in Iraq " [...The Saudi's don't play games and have little tolerance "postponement and delay tactics" if your not ready to do business they don't stick around. The fact that they seem to be moving forward with investment projects (according to this article anyway) again I find encouraging...] Correct...Looks like they may get the first dance card with the queen of the Ball..! Please Note that: Friday Night Opinions @ 8:05 PM CDT - 5/15/2021 is really Saturday Night @ 8:05 PM
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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 ***..."According to the information, the salaries of employees and the region’s share in the budget law will be launched by the Federal Ministry of Finance after the Eid al-Fitr holiday." They told us the mechanism was agreed on, and was to be dealt with immediately after Eid Al-Fitr…Lets hope they have the international mechanism ready to roll out..!! *** Mnt Goat *** Article: "China agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars." This is very important as China needs the Iraqi oil real bad. This is a geopolitical move on China ’s part... *** Frank26 *** All I know is that they need to lift all of the restrictions. They need to announce they are article 8 which is lifting all the restrictions. This is the key to our investment. Not the rate increase. The international status of Article VIII to be announced. The de-pegging of the American dollar so that then they are free. They're liberated...!
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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 assures the Saudi delegation the importance of strengthening bilateral relations and the role of Iraq in consolidating the security of the region" This is a big deal and it looks like they have agreed on many things. Security and Stability are a couple items, as are the economy and investments... Oh, I like this... Bring on the MECHANISM!!! ~ imo. *** Mnt Goat ...I can tell everyone with complete and utmost assurance that there is NOT going to be an RV anytime soon unless the CBI announces going ahead with the project to delete the zeros. They have not. I know they are planning it and working out the details but the economy and other issues, such as the move to increase the reserves are standing in the way...They...need the Iraq constitution FULLY implemented. That means HCL and the Article 140 referendum that the constitution calls for. But not just written but passed in parliament and implemented successfully. Yes, these are the obstacles. We know that both of these referendums are in parliament being reviewed but not yet voted on. *** Frank26 Walkingstick and I shared with you that they have a date...and it is solid. It's not a date that's going to jump around all over the place. It is written in titanium. Remember that? So when I was talking with I-Team they said look at the 20th. We're looking for the CBI to do something...it's immovable...it's solid...I-Team tells me almost the same exact words that Walkingstick told me almost 2 months ago. They overlap with each other. I told you, 'In the near proximal future.' - this date that they have that is carved in titanium. Apparently now is immovable and solid as well too...IOO. *** Petra Remember, the dinar is still at a PR (sanctioned) rate. Even though they have been given a clear approval to move forward by the IMF/WB/UST they still are under the old rate. And because of that, they CANNOT use the IQD to purchase goods outside of their country. The only 'mechanism' they have currently is to trade their dinars with the banks for USD to purchase medicines, computers, Pepsi, and other good that are not manufactured in Iraq. So, they must continue to purchase using USD until they change their rate to an internationally recognized and accepted currency...the auctions serve two purposes: it allows for import purchases...as well as drawn in more notes from the citizens. Will this change after the RI...you bet! But for now, this is the necessary process in order to continue international trade to provide what Iraqi's need to live. All 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 My contact in the CBI told me that late week that leading political figures along with the IMF met with the Central Bank to plan out how to conduct the project to delete the zeros. So, we know they are now considering moving ahead with the project and funding it. *** Petra Article: "The government will provide all conditions for the success of investment in Iraq" What does that mean? In order to have success with investment you have to have a tradable currency. You've got to have mechanisms by which that currency can be tracked and traded internationally. i.e. BUNA. We have the Prime Minister himself coming out and saying ALL CONDITIONS for the success of investment in Iraq. That IMO was a huge statement... *** Frank26 The Iraqi Stock Exchange and the Erbil Stock Exchange, oh my gosh they've been hot! It's been going on since right around December and January...IMO all of this 'hotness' really has been propped up. Artificial. It's under the pretense that Iraq is about to raise the value of its currency...if they don't go International. If they don't increase the rate of their currency, all this market activity with the ISX and ESX will just crash. 1930 has nothing on what can happen to Iraq if they don't raise the value of their currency and go Article VIII. *** MilitiaMan More interest in the dinar in relationship to the stock exchange is very heavy. I think that's an indicator that investors around the world are getting excited and having to put money where their mouth is. The country of Iraq knows that. *** Pimpy The people in Iraq rising up going after the politician Maliki who is backed by Iran - that to me is good. The fact that oil prices are up is great. The fact that the deficit is already taken care of this early into the year is awesome news. Biden expending the declaration of emergency that's not good. That sends a really bad message...there's a lot of good things going on but there's also a lot of bad. You should be aware of all of them...we are super pumped about the oil prices going up... ***Frank26 The rate is not waiting for anything. It is done...just because you can't see it doesn't mean it's not occurring. But you can see the evidence of it. Look at all the articles...you tell me that this country is not international. Look at their banking structures...that is an international status for the banks of Iraq...
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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 *** They are going to raise the value of their currency...articles are casting a shadow of the evidence that they're raising the value of their currency and that's all there is to it. I know you want it like this [Snap] but you can't do that to yourself. This is the Middle East for crying out loud... *** Pimpy *** Article: "The government succeeded in filling the deficit gap and facing the recession within a year" That is great news. The deficit is being taken care of. Thank goodness for higher oil prices...remember I told you guys we were looking for other signs - good signs that we just don't have to rely on the RV/RI announcement. There are other indicators out there that will tell you that the value of the dinar would go up. The fact that they're taking care of their deficits - this is good. Making more money than was anticipated - this is good...this is what you want to see.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra ... More articles discussing France and China engagements (contracts) all are telling a very exciting story for the strength growing daily of the IQD...Many more articles... demonstrate that Iraq is getting financially stronger and truly getting their house in order under the direction of the IMF/WB/UST... *** Pimpy We already know they're implementing their white papers. We already know they're underway into this new budget. I know there's supposed to be some amendments but you got one group saying that's not going to be amended, others saying that they're hoping for it. We'll keep an eye on this. Oil prices continue to go up. This really benefits Iraq in a lot of different ways as long as they invest the money into opening the private sector...I know they're saying no supplementary budget but I'm thinking there will be one... *** Frank26 If you look at the CBI website everyday and you say to yourself, 'Oh, my goodness they just announced that they de-pegged from the American dollar...!' You should get excited...contracts and the budget are both waiting for a new exchange rate... *** Petra Article: "Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development" This is key: "the direct cooperation between the Central Bank of Iraq and the providers of electronic lift services has contributed to the consolidation of the electronic payment infrastructure, in terms of the database, governance rules and instructions, and local and international compliance. He pointed out that the companies licensed by the Central Bank, Visa and MasterCard, and the two operators were able to support most banks in issuing international cards and portraying the reality of electronic payment services." Key words: consolidation, infrastructure, governance, local AND INTERNATIONAL compliance, INTERNATIONAL cards...etc. Really a huge article and note...this meeting is in the past!! IMO...
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Today is The National Day of Prayer - Pray for our Nation, it's Government, Our People. 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 Unpegging of the American dollar from the Iraqi dinar will allow the 1 to 1 rate domestically and will allow the 1 to 1 rate to leave Iraq and go into the international community where it's going to float...the day that I see the Iraqi dinar has been unpegged it may be like 3 seconds and then we'll see the new rate...more than likely IMO...the moment you see the CBI talking about unpegging, holy cow, hold on tight. ** Pimpy ** I know somebody out there in the YouTube sphere told everybody that there was an in-country rate change which is not true... ** Mnt Goat ** Article: "ACTIVATING THE ECONOMIC ACTIVITIES OF IRAQ" Quote: "...activating economic activity between Iraq and the major economic blocs, is one of the things that contribute to activating economic activities, by investing in advanced technology for investment companies and transferring them to the country." All good signs that Iraqi is moving ahead - not backwards. Today is The National Day of Prayer - Pray for our Nation, it's Government, Our People.
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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 I don't see anything bad coming down the road...But they've got to do it correctly...the people that I know who helped set this up (I don't know them personally) they still have dinar. They all have faith in it. I know there's governors, there's senators...they still have it. Whenever this comes down, at what rate, at what pace that's our lot. There's nothing negative here. Don't worry about that... *** Pimpy Article: "What is the area in which the central bank moves in the area of controlling the currency exchange?" When it's a "free float" then it's up to supply and demand. That means the market decides the value of the exchange. You have a "fixed rate". That's where we are right now. They're telling you right now you get 1460 dinars for every $1. That's a fixed rate..(Post 1 of 2).. *** Pimpy A "dirty float or managed float" you let the market determine the value of the currency but if it goes too far one way or the other the bank can intervene and fix it. In other words peg it to something for a second. There's been a lot of talk about the currency. Are they going to free float it? The funny thing is why are they having these types of conversations? If we're being told the rate is going to remain the same for the next 3 to 5 years whey do they have these conversations going on...I'll tell you why. It's because they have no intentions of on keeping this rate fixed for that long. It's just not going to happen..(Post 2 of 2).. That's all there is for today...Blessings...Ron
