Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Search the Community

Showing results for tags 'article'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to DinarVets!
    • Rules, Announcements & Introductions
    • Questions and Tech Support
  • VIP Area
    • VIP Section
    • VIP Section
  • Iraq Topics
    • Iraq & Dinar Related News
    • Dinar Rumors
    • RV & Dinar Questions
    • Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
    • Chat Logs
    • ISX (Iraqi Stock Exchange)
    • Warka and Iraqi Banking
    • Dinar-ify me!
    • Buying and Selling Dinar
    • LOPster tank
    • Debate Section
  • General Topics
    • Off Topic posts
    • Natural Cures and Health Talk
    • Politics, 2nd Amendment (Gun Control)
    • Iraqi Inspiration and Stories of our Soldiers
    • World Economy
    • Music Videos etc
    • DV Weekly Powerballs.
  • Investing
    • Forex Discussion
    • Penny Stocks
    • Wall Street
    • Gold & Precious Metals
    • Foreign Currencies
    • Tax Discussion
    • Investment Opportunities and Wealth Management

Calendars

There are no results to display.

There are no results to display.

Product Groups

  • VIP Membership Packages
  • OSI Products
  • Just a Text
  • RV Intel and the Cash In Guide!

Genres

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Phone Number (for VIP text message)


AIM


ICQ


Jabber


Location


Interests


Biography


Location


Interests


Occupation


My Facebook Profile ID


My Twitter ID

  1. 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.
  2. 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...
  3. 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.
  4. 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...
  5. 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.
  6. 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
  7. 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..!
  8. 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... .......
  9. 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...
  10. 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...
  11. 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.
  12. 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...
  13. 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.
  14. 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
  15. 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.
  16. 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
  17. 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
  18. 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.]
  19. 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...
  20. 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
  21. 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...
  22. 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...
  23. 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.
  24. 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...
  25. 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..!
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.