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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: "Officially...Finance publishes instructions for implementing the 2021 budget" [...TODAY A RAMADAN HOLY DAY THE BUDGET INSTRUCTIONS ARE PUBLISHED... WHAT IS NEEDED THEREFORE TO IMPLEMENT THESE INSTRUCTIONS..??] There are things that will need to be implemented in short order. The MR process has not come this far to not see what we want..!
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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 Again, I am telling everyone that the Revaluation and Reinstatement will NOT happen until the oil fortunes of Iraq are secure and the corruption evolving around them is fixed... ** Samson Article: "Iraq’s 2021 Budget Law Goes into Effect" Quotes: "Iraq’s federal Budget Law for the fiscal year 2021 will go into effect on Monday, April 26, according to an official document."; "It said appealing the articles of the 2021 Budget Law will not delay its implementation." So, what happened.....NOTHING NEW..! ** Mnt Goat Where do we stand right now with the reinstatement? Everyone needs to know there is still a plan still in motion. The plan is multi-faceted and includes the increase in CBI reserves, the stabilization of the security, break off from Iranian and of course the project to delete the zeros. We know that any needed banking reforms, enough to bank with the international arena, have been completed so this is not the banking reforms that are needed. ** Frank26 The articles are backing up what we are sharing with you...they are going to start taking about the 3 zero notes - you saw that...it went on for about a week. They're going to start talking about the exchange rate - you saw that. My goodness it's been going on for three weeks now...then we told you they're going to start talking about the fact they need to change the exchange rate. That's where we've been at for I'd say 10 days... .......
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Clare *** Article: "Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq'" THIS IS A HUGE ARTICLE - KAZEMI IS ACTUALLY MAKING AN ANNOUNCEMENT... "there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors," THIS MUST HAVE THE NEW RATE! imo. FRANK26...told us...ABOUT THE EDUCATIONAL CAMPAIGN COMING TO THE CITIZENS... "THE CBI/GOI ARE NOW GOING TO PUT ADVERTISEMENTS EVERYWHERE...TV COMMERCIALS... BILLBOARDS ...NEWSPAPERS...REGARDING THE NEW CURRENCY THEY'RE ABOUT TO PUT OUT AND THAT THERE WILL BE A NEW EXCHANGE RATE FOR THIS CURRENCY" ...Walkingstick GAVE US THAT INFORMATION YEARS AGO! BECAUSE HE KNEW IT WOULD BE SO AT THE END...AND WE ARE SURELY AT THE END NOW. IMO IT IS OBVIOUS! *** Petra *** Kazemi came out last week and said they need to get 90 billion dollars in their reserves and they're only at 60. That kinda freaked everybody out. But if you think about it...if they were to come out with a strong rate...you've got to remember they've done currency swaps with a lot of other countries...Saudi Arabia, Jordan, Qatar, a lot of the GCC countries. They all hold dinar...if Iraq came out and kept their 1450 it would absolutely tank that middle eastern basket. All their currencies would drop. You know that's not going to happen. That's ridiculous...(Post 1 of 2).. *** Petra *** If they come out really strong with their rate when they do their revaluation then all the middle eastern currencies that are the basket value increases. Iraq has their currencies because they did the swap so guess what happens? The reserves inside of Iraq skyrocket. So to me, to cover that 30 billion is going to happen very very quickly if it hasn't happened already. Not to mention the amount of funds that are out there that they are going to go and repatriate and bring back into the country that were stolen, smuggled or whatever. It's like $500 billion...yeah I don't think it's an issue at all...(Post 2 of 2).. *** Walkingstick *** The CBI is now getting ready. They are about to put out information about the monetary reform to see what leaks out. And trust me it will leak out...Why would the CBI put out information about the monetary reform? To see what leaks out. The CBI for the last few years has watched everybody - especially from parliament and their own CBI structure...The CBI watched very carefully all those that put out negative information on the monetary reform. They know where the leaks are...the CBI is about to put out information about the monetary reform - 1 to 1, the new small category notes all that stuff - to see where it leaks out and once they find where it's leaking out they'll deal 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 *** Walkingstick *** The CBI and the GOI are now going to put advertisements everywhere. On billboards, commercials on television, they'll put them in the newspaper, they'll have pictures of the new small category notes, all of this information and that they'll be a new exchange rate for this currency ...it's basically down to weeks. *** Petra *** The Kurds sent a message to Baghdad saying you have our approval. We approve the budget now implement it. And that's a quote. We approve the budget we are now ordering you and directing you to implement it. They didn't say implement in the next 25 days. They didn't say implement in 2 weeks. It said implement now. I don't know what else to say about that...you got to move. You've got to do something. You've got to go...we've never been in this position before. There's always been reason and excuses of why it hasn't happened. But now it's at the doorstep. It's right there...we're very excited about where we're at. *** Frank26 *** We now have a budget for Iraq. It's official. This is the first budget I've seen in Iraq in my lifetime...that's extremely important...the main thing is it's now published in an official public venue the gazette. What's the rate in that budget? ...1460. It would have been illegal to release the budget with any other rate of 1460...right now the official exchange rate is 1460. Period. End of story...at anytime they can retro the exchange rate back to January first...the CBI is going to change the rate 1 to 1 and the budget will go retroactive 1 to 1 too...the budget is not legal until it is in the gazette. It's never been in the gazette. It's in the gazette ladies and gentleman so NOW the change of the Iraq dinar exchange rate is game on! *** Mnt Goat *** Article: "ADVISOR AL-KAZEMI: FLOATING THE CURRENCY LEADS TO THE COLLAPSE OF THE IRAQI MARKET" Salih is referring to dangers if they floated the dinar within Iraq using the program rate not reinstating and then floating it as an internationally traded currency on FOREX. The finance committee keeps pushing for an internal float. So what he is really saying is that if they are going to float the currency then first reinstate it and peg it to a “basket” of currencies for stability. *** Militiaman *** Saleh...obviously said this today for a reason. He's talking about not floating the currency. He's in a sense saying we're not floating the currency but we're going to do something possibly different...he's saying that for a reason because this next stage is going to be very short and he'll need to have communicated what he's thinking. Sometimes he tells you the opposite...they tell you what they're not going to do...in this particular case it sounds like he's got it sorted that...he's not necessarily going to float the currency...I'm not saying it's 100% right but the implications is it should be a strong sustainable exchange rate...
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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: "GETTING INTO IRAQ HAS NOW NEVER BEEN EASIER " This is part of the plan to re-open the country to international status and allow a free flow of people and capital in and out of the county. This is what we need 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 *** MilitiaMan *** Article: "What is the reason for the delay in publishing the budget law in the official gazette? Justice answers" Quote: "the draft budget law is ready for publication in the official newspaper Al-Waqae ', and will be published during the next Sunday or Monday." The week extension is coming to an end.. Sounds like they have it ready for publication...
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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: We have succeeded in stopping the waste and the great corruption in the Central Bank auction, and we will not stop" ...he seems to be doing what it takes to clean up Iraq and to get them back on their feet where they belong. They are a rich country...unfortunately the corruption is so bad and people are so greedy...these are the types of things [Cleaning up corruption] I like. It's a great reflection on the country when it comes to the international people...this is good. We want to see the corruption being taken care of. *** Mnt Goat *** Article: "MEANING OF CURRENCY REVALUATION AND WHAT WILL HAPPEN IF IRAQ TAKES THIS PATH" Quote: "The act of altering the value of a nation’s currency relative to other currencies is typically influenced by market pressures. The pressure is now." The pressure is not going to end until the CBI completes the project to delete the zeros and the revaluation of the dinar against the dollar.
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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: The Central Bank reserves rise to more than $60 billion" this is good. Why is that? The more of the reserve dollars that they have, the more foreign currency they have in the reserves that...strengthens the dinar. This is awesome. It's good to see. *** Mark *** [Comment:...It has the possibility to go back up internally if they collect enough Dinar off the streets.] They have definitely been doing that. We have seen that in the main stream news…they have collected about a trillion and a half dinar off the streets in the past 2 months. Is there a set number they are looking for…no…I hear once they stop getting an inflow off the streets, then I’m told it will go, and go quickly. Told by who Mark...Santa..? *** Frank26 *** The goal is to change the rate. And it will be fixed. But, IMO, because oil prices are changing constantly the float outside is going to move a little faster than I calculated... 4-14-2021 Newshound Guru Pimpy I see it all the time in the news and it's interesting to watch. We are seeing now almost on a daily basis is some type of talk about the exchange rate...the news is paying attention to what is happening on the open market. Very very interesting. That's it for today folks ... 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 *** MilitiaMan *** Article: "'Adapt to the exchange rate" Quotes: "'except by liberalizing the exchange rate and creating monetary stability in an atmosphere of freedom of exchange and circulation"; "...which is likely to adopt the method of "floatation."' This article is so very telling. We have seen they increased their reserves. They have found that the political banter of late created an environment that Investors, I.E., "COUNTRIES" were not pleased with which created instability. Now that the budget has been signed and about ready to be opened, they returned in full force. Kahdimi did the rounds recently and for good reason. The region not only knows it is show time but, the world does now imo... Those that wrote the feasibility study for the country, have the reigns now and will float the currency while the reconstruction effort is underway. They want stability and will get it with a stable exchange rate that is not 1460...imo... This is a rock star article! They will have to show us the color of the money too. It is 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 *** MilitiaMan *** Article: "After April 9, 2003 .. Prospects for Financial Development and Existing Challenges" Quote: "...the issuance of the new currency, which resulted in** raising the price of the Iraqi dinar and making it get out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken." And that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the Current circumstances..." Let that start to sink in... The issuance of a new currency...One where they raised the price of the IQD... But be sure, imo...they are telling us what has been done and in my opinion to be exposed...imo!...(wink) *** sheila *** ...especially expectant this week. From what I am reading...April 14th is next Iraq Gazette issue and April 15th is when UN Operational Rates should be updated and posted...[IMO]... *** RVAlready *** The CBI does not need the budget to be in the gazette. They are setting the exchange rate for the currency. They do not require the budget in the gazette to do that. That's all for today folks...a really light day...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: "It will continue for five years and 600 pending procedures. Allawi reveals the second part of the white paper" This is the one article that people are a little bit confused about...for some reason people are thinking that the exchange rate is gonna stay the same for that long and nowhere in here does it say that it's gonna take five years before they change the rate. That's all for today 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 *** MilitiaMan *** Article Quotes: "Iraq is implementing its reform plans towards fiscal and monetary policy."; "his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund." Sounds good to me...But, we knew this already...They have been working to complete now for a long time and have finally got where we need to be...or where they are to be...Just like we have been told that they are having meetings and they are on going... Well now it is show time... imo... *** Mark *** The budget was passed …a specific new rate was not given but there are a lot of key contracts that require larger rates, and they did peg their oil in the budget at $44. This appears to have been the final hurdle as we move forward to allow Iraq currency to float and change. *** Breitling *** You need to be prepared. Taxes are going to go up. They're about to skyrocket. It's everybody who has made $200,000 on up. Most of you are going to cover that when the dinar revalues. [Note: Taxes are important. Be sure to consult your tax professional at the appropriate time to build a tax strategy specific to your families unique circumstances.]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article: "Parliament welcomes Al-Kazemi's tour to Saudi Arabia and the Emirates: Iraq will return to its leadership role" Kazemi is meeting with many different countries. They're working towards achieving their economic independence and economic stability. They're showing you right now they technically don't have economic independence or stability at this time because they're actually putting that together right now...drafting bilateral trade agreements... *** Pimpy *** Question: [How long would it take for international banks to reinstate out of country?] What do you mean by 'out of country'? There is no 'out of country' or 'in of country'. When they redo the rate it's all at the same 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 *** MilitiaMan *** Article: "Zain Cash launches a service to invite friends to register the permanent wallet" Quote: "One of its main services is the World Card MasterCard which operates in two currencies, a dinar and a dollar," This looks to be more out that supports they are going international. Operating in two currencies is an indicator of just that. Pairing with the dollar is an international action. imo...Get ready, they are getting ready too... imo. *** Footforward ***...The rate has to be above $3.50 in my opinion and they won't out it out publicly into a budget unless the RV has actually already happened. That is not financial or investment advice. But I've been very consistent on the rate of the dinar for over 4 years now...There must be a really good reason beyond any stubbornness anyone could say I have. We'd all like his value estimate to be correct...but we are dealing with Iraq...! 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: "We will oblige the government to restore the exchange rate of the dollar to what it was previously" What do they mean "previously"? Did they mean previously to the $3.22 rate? There's a lot of that chatter going on - Or to the one I was talking about before which is 1190 dinars...my opinion it would be back to where it was before which is one dollar for every 1190 dinars. That's just my opinion. Could they be talking about the rate that it used to be at $3.22? People are trying to figure out what this really means...
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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 *** No body knows when this is going to happen. It looks like it's here doesn't it? I will admit this is the closest I've ever seen it...the new small category notes IMO are coming out very soon at a 1 to 1 rate...didn't I say to you you'd see a plethora, a mountain, a pile, a cornucopia of nothing but articles about the exchange rate of the Iraqi dinar against the American dollar... 3-25-2021 *** Jeff *** Article: "Legal expert: Parliament legislation is not binding on the central bank" Parliament cannot do anything with the exchange rate. Decisions on the exchange rate can only be made and decided by the central bank...
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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 *** Where does my math come from? My math comes from calculating on their debt plus 4% GDP growth. In other words they get rid of their debt and they have enough money to get their economy running and encourage a 4% in GDP growth. That's where I get around a 56 cents range...Iraq says 1 to 1. I say it's going to be a slow growth from around .56 cents on up. That's just my opinion. That's just based on the math...It's not going to do them any good coming in at .10 cents, and if they do it won't be for very long. They need to go higher... *** Pimpy *** I know you guys hearing all kinds of rumors out there that in country they're already exchanging at 1 to 1. That's not true. There's no evidence of that whatsoever... *** Frank26 *** Article: "The Central Bank adds a new feature to the Iraqi banknotes" Quote: "the Central Bank of Iraq announced on Monday, that it has added a feature to protect banknotes from bacteria and viruses to the national currency" If you go to the CBI website you will be able to see when they last printed currency. It was in 2018. It's the 250's the 500's that they are going to be including with the new small category notes...the coronavirus came out in 2020 but...they haven't printed any new currency since 2018...something doesn't sound right...this is a marketing ploy...bring me your infected 3-zero notes...says the CBI...We want to protect you...I will give you brand new small category notes with a new value to it against the American dollar...We believe this is a propaganda ploy to bring in as many zeros as possible. I'm impressed with this tactic... *** Mark *** The Iraqi budget vote is still slated for Saturday at 1 pm Iraq time…which we think should give us our new value. On April first most of their government has agreed to a 40-60% decrease in pay of the number of dinar they will get…So it will have to have a higher value to justify this…it doesn’t make sense…it doesn’t jive…they have to many responsibilities that will require that higher value...i don’t believe they can kick that can any further. We will see. *** Jeff *** This weekend nor the month of April Iraq isn't going to do anything with the budget. They can't. Iraq's not going to do anything with the exchange rate because it's the Central Bank that calls the shots. They're the ones that are in charge of the monetary system. They're autonomous from the government. They're not going to adjust the rate at this time. The rate is going to remain where it's going to stay because the central bank is using it as a tool to remove 3 zero notes out of circulation up until the point the rate changes.
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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 *** Sheila *** Article: "Al-Saffar: Political disputes have delayed approving the budget" My opinion is the budget is done - everything is done. All these articles are just theater... pushing for time until they get the "good to go". *** Pimpy *** There is a political block...that is refusing to vote. They're boycotting unless the rate change is in there [The 2021 budget]. But what they're demanding is it be restored to...1190 for one dollar. Some people thought that meant they would go back to the old rate. I would love it if they did that. Could they still do that? Yes. They might. But there is no indication that they will. Would they announce it? No. When Kuwait did their switch...in the news they told everybody that it wasn't gonna happen for a while, then they turned around they did it the next day or the day after. Anything is possible but first and foremost we definitely got to make sure...what's going on in Erbil/Baghdad get their things ironed out so we can get this budget passed...now they're postponing the vote for one week...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article: "Kurdish Parliament: A new round of talks for the Kurdish delegation in Baghdad next week" For the rate change to even happen, at a minimum, Kurdistan and Baghdad have to reach full an agreements on the budget. *** Mark *** [Q? : Are they preparing?] Absolutely. We had expected the budget to pass this weekend…it did not…they shelved the final vote until Mar 27 at 1 pm their time. There was huge progress made…I've heard a couple different reasons why that vote was delayed until the 27th…but who really knows the truth..!
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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 *** There's some things people are getting overly excited about...the budget could it be getting voted on? That's the rumor. We'll see. Article: "Parliamentary Finance: The budget is ready for voting, with the exception of a paragraph related to the Kurdistan region" My understanding is that their constitutional law says they cannot pass a budget without the Kurdistan Regions part in there...Saturday were going to find out...They're talking about voting on the 21st. That's the rumor. We will see..(post 1 of 2).. *** Pimpy ***...Will they pass the budget this weekend? Many of us want to see the budget get passed so we can see if indeed there's any changes to the exchange rate. It's my feeling even if there is one it's not going to be like the one everybody anticipates. It's going to be most likely put back up to where it was before...1190 dinars for every dollar. I don't think you're going to see any major changes in the rate. No big announcements. Not at the moment..(Post 2 of 2).. *** Jeff *** Article: "Deputy: Agreement to pass the Federal Court law today and pass the budget Saturday" Pass the budget Saturday...4 weeks ago I told you you were not going to see the budget until Saturday the 20th. Boom! Nailed it! Budget Saturday because they don't want you to see it. Remember I told you they're going to change the rate roughly 24 hours later... Here's hoping they finally get it done ... keep praying .. 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: "MEMBER OF PARLIAMENT: PARLIAMENTARY SIGNATURES SUBMITTED TO RESTORE THE DOLLAR’S EXCHANGE RATE." More pressure but many of these PM also want the project to delete the zeros and not just to go back to 1200 rate. They want at least a 1:1 and the lower denominations to come back. *** Pimpy *** Stay away from anybody that gives you a date, anybody who give you a rate. The best anybody could do is speculate. Some people take a more educated stab at that date and rate...some people are just farting in the wind hoping something sticks. Don't get caught up in that stuff. Stay grounded...does that mean that an RI or an RV won't be announced? I didn't say that. It could be announced any day. But there's no guarantees out that that day is going to be here any day soon. HAPPY ST. PATRICK'S DAY To Everyone @ Dinar Vets
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*** Jeff *** Article: "Al-Kazemi: We have succeeded in crossing the economic crisis and an international readiness to support Iraq in reform" Remember these reforms can only be launched and implemented after Iraq has changed their rate. That's why since last year they're still talking about reforms...anything that costs money within the reforms can only be launched and implemented after the rate change...That's why the bulk of the reform is still pending and outstanding because it's waiting on the rate change. That level of reforms requires Iraq's currency to be internationally recognized... *** Footforward *** [Q? : I believe you said in the past it has to come out min at 3.50$ right?] that is my opinion yes. *** Petra *** It's just mind boggling to think of every step, every person, every integration, electronic integration, everything that had to be done to bring us to this point has just been absolutely amazing...the infrastructure they've built is absolutely phenomenal...the great thing is this is going to take them to a whole new level which they can build their country to be a recognized entity in the international markets...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Walkingstick One of the many meetings going on is with the IMF at an executive level with the banks of Iraq on the subject of the new exchange rate and the new small category notes...they were presented multiple exchange rates...when they tell the citizens the new rate and they show them the new notes - it's the onset. 1. At the onset they will release their currency at the 1 to 1 rate (In the very near proximal future). 2. The CBI has been given a benchmark to collect a certain amount of the 3 zero notes...the time frame is not carved in stone... 3. These meetings are to conclude the re-denomination of the new small category notes. [post 1 of 2....stay tuned] *** Mnt Goat Article: "AL-KAABI CALLS FOR A SERIOUS AND URGENT STOP TO RETURN TO THE PREVIOUS DOLLAR EXCHANGE RATE" Just so much news about the exchange rate. Yes, lots of pressure from all directions to finally go back to a normalized rate and off the sole de facto peg of the US dollar. It is time. It will happen. I can not give you a time as I do not know, but I do know they are discussing it and making plans for it in 2021 not 2022.
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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: "REPRESENTATIVE ECONOMIC: THE CONDITIONS ARE READY TO ADJUST THE EXCHANGE RATE AND THE OIL BARREL IN THE BUDGET" Quote: "...Al-Faily said, "THE CONDITIONS ARE IN PLACE TO RESTORE OR REDUCE THE EXCHANGE RATE OF THE DOLLAR AGAINST THE IRAQI DINAR IN THE DRAFT BUDGET" this article...is powerful. They are telling us that now that the “economic conditions are ready” they are ready to adjust the exchange rate. No more excuses. But they need the new rate in the budget. I know for a fact they will never put the rate in the budget until it is all completed. So Al-Faily knows what he knows but not what the CBI will ever do for security reasons. *** MilitiaMan *** A process had to be brought fourth...a currency reform is complex...It's not an easy task to do what they're doing. They have to set up things. They've got decisions that need to be made. They have to set the stage for the economy to be able to do this. And they have to have components of psychology involved because the people can't adjust... ultimately they had to get everything in order...kicking the can? ...or were they really just stalling for the system to be in place? ...eventually they've got to finish it...I think the 2021 budget, the Kurds, Hydro Carbon Law - they're all waiting for the same thing - the time to get that phone call saying show up. It's show 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 *** Pimpy *** Article: "Al-Halbousi directs to include the budget bill next Monday" I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you're going to see shortly after that the budget go ahead and passed. Something about the presence of the pope changed people's views on things and they decided to start cooperating which is very good... *** Mnt Goat *** ...March is going to be a very significant month for everyone everywhere. This week I took the time to call my contact person in the CBI. I am told the IMF just completed a week-long high-level meeting with to finalize the project to delete the zeros and just how they plan to roll it out...Why would they do this now? Also, in this meeting they talked rates for the in-country revaluation and then the later reinstatement. The rates are rising as oil is rising to over $70+ a barrel. I was reminded by my contact that they will soon be no longer dependent on the currency auctions. This was fantastic news as I know what this means. They have not yet used the Buna system but are fully functional and tied into it... *** Mark *** We are in a good spot right now…sit tight…we are awfully close to the end of this...the folks on the ground in Iraq are also expecting a major announcement about their currency within the next few weeks. In Iraq they very much expect a new value before April 1st. Even Mike Cottrell thinks we could go at any moment…i would not be surprised for it to happen at any moment.
