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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: "RETURNING THE DOLLAR EXCHANGE TO ITS PREVIOUS PRICE IS ONE OF OUR PRIORITIES" ...let me remind you what the phrase “returning the dollar’s exchange rate to its previous price” means. Some authors do mean from 1450 back to the 1120 program rate, but IMO the CBI means back to the “Glory Days”...If the CBI wanted to revalue back to the old program rate of 1120 they would have done it already in December 2021. They do not need any change in the government to revert it back it...So, this alone tells us that something different is about to happen. They are going to get out of the program rate. This is not business as usual.
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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 *** BobTheTaxMan This is a government process. This is going to go through a series of things they've got to accomplish. They did get Kuwait taken care of...we are in a really good position for this to come to fruition... *** Frank26 Article: "His Excellency Dr. Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, delivers a speech at the opening of the Work of the Seventh Meeting of The Undersecretaries of Arab Ministries of Finance" The CBI has turned in the official documentations for the RI. Quote: "The meeting was attended by the undersecretaries of the miniseries of finance in the Arab countries and experts from the International Monetary Fund, the World Bank...in addition to the Arab Monetary Fund..." Everybody's there...they are admitting what they are doing...
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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: "The Framework Pledges To Restore The Price Of The Dollar To It's Previous Era 'As Soon As Possible'" 'Previous era' I'm sorry that was not December 20, 2021...it cannot be an 'era' ...what the CBI is telling the citizens of Iraq and their education is very clear. Quote: "...restoring the dollar exchange rate to its previous price is a basic requirement." Soon is now...The Father of all articles.
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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 *** Sandy Ingram Several of you asked..."How Iraq is planning to build new schools, increase oil production and build new factories when the Iraqi dinar is worth so little?" The answer is oil revenue is paid in U.S. dollars. The Iraqi government is taking US dollar and growing the country using Iraqi dinars...Iraq's oil revenue each month is in the billions of U.S. dollars... *** butterfly OK...here is what we have been looking for folks...OMG...this is good news for them and us...Article: "Al-Fatlawi: The 2022 Budget Will Not Be Passed Until The Dollar Is Returned To Its Old Price" Quotes: "...The Draft Budget Law For The Year 2022 Will Not Be Passed Until After An Important Condition Is Met...The Iraqi Parliament, Will Work To Restore The Dollar Exchange Rate To Its Old Price, And Otherwise, It Will Not Allow The Passage Of The 2022 Budget Bill Until After This Condition Is Achieved..." ...If I'm right, which I hope I am, for all...the amount, if memory serves me, right around 2.85. All the Iraqi's were doing good with that amount even though they were under a dictatorship. *** Nader From The Mid East When I told you end of January beginning of February that's what's gonna happen. If they decide to put it back 2003 something like that would be $1.00 - $1.50; yes but if they talking about the 'previous' it's 1170...
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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: "THE CENTRAL BANK OF IRAQ: AN UNPRECEDENTED RISE IN FOREIGN RESERVES" Of course we already knew that the CBI has an unprecedented amount of foreign reserves. How do we know? They told us over a month ago...So are they telling us again? Is this to reinforce the coming revaluation and reinstatement of the dinar?... *** Vital Brad You're gonna want to have plans as far as trusts or different banking partners because they're going to want to get their cut on it. The international rate is going to come out at whatever rate it's going to come out at but they're going to try to take points off of it and put it in their pocket. I think it could come down to what you're willing to take, what you're willing to negotiate, how much you have. It's going to be an interesting process as we're trading it in, exchanging it. Definitely have yourself some good lawyers, a good team of financial [advisors], CPAs - a good team behind you before you do anything because we're going to be blessed with wealth. How quick is it going to be gone...? *** Frank26 We know we're all set with the monetary reform and we're waiting for the government to sit itself down, pass the laws, open the budget because that piñata - as soon as they bust that budget open it's going to spill candy all of over the place for everybody in Iraq...We're waiting for them to move their "REER"..!
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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 ** Nader From The Mid East The foreign reserves gone up to 200 billion. It's going to come out soon. *** MilitiaMan Article: "Demanding action to release frozen assets abroad" The release of frozen funds may have a profound impact on the REER (Real Effective Exchange Rate) imo... We have heard there is in the tune of $100s of billions in wealth. Reactivating banks abroad is not imo going to be a with a program rate. They already have good reserves, adding more just makes the pie all the sweeter. 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 ** Kaperoni Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." an article about reducing the exchange rate...They're talking about bringing it back to what it was a year ago that's 1170 to $1. There is no RV. This is only "Kap's opinion" as to what they mean when they speak of reducing the exchange rate. Time will tell and we shall see..! RON *** Nader From The Mid East If anything happened it's not gonna be 1 to 1...it's gonna be between 800 and 1000 and then it's gonna float. Then it's gonna take some time, maybe 6 months to get up to $1.50 - $3.00...be happy. It's going to happen. -
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: "State of Law: We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate". What!?! Holy guacamole! ...That would be Kazemi talking to parliament. Quote: "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it at the present time" ...the CBI said if you're not ready parliament, we are not waiting for you. *** Mnt Goat ...There is nothing but good articles this period once again reinforcing the notion that Iraq must do something with their currency revaluation and do it very soon...There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate to reflect the TRUE value of the dinar...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Specialist Calls On MPs To Fulfill The Return Of The Dollar Exchange Rate" Say it with me, 'Praise God!' You promised parliament to sit and open the budget with an exchange rate not of this era! Quote: "Promises they made themselves regarding the follow-up of the file to the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era." ...the previous era was not December 20, 2020 when they lowered it to pay bills...take our exchange rate back to the previous era...back in the 1940s. Which is what? $3.22 to 1 American dollar...Wishful thinking Frank...!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article... [Note: about article title: Raising the dollar exchange rate from Iraq's perspective is making the dinar rate go down.] *** MilitiaMan ...we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work...To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER...Plain an simple imo...So, the CBI needs to talk and walk all at the same time...imo.. It’s coming...imo..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Vital Brad *** Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 All I want is the new rate and the new notes. You won't get them until at least this government is seated...Let's see what happens. We know what we read in an article, [The mother of all articles the CBI says if you're not ready GOI to heck with it we'll take care of it...] ** MilitiaMan ...All looks very very very good. The private sector and or market economy will require a REER [real effective exchange rate]. The USA embassy has today commented on the support for Iraq to do international trade. Even with China. So, lets see what gives. My view is we are very close to seeing it... ** Frank26 Article: "World Bank: Iraq will witness the highest economic growth among the Arab counties within 2 years" Seriously? At a program rate? At a used toilet paper program rate? Really? The writing is on the wall...it is in print. It's not my opinion. It is the opinion of the Central bank of Iraq that they're going to raise the value of their currency as soon as the government is seated and if the government is horsing around and they're not seated the CBI is still going to move forward whether they like it or not. It's that simple.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Kaperoni Article quote: "Iraq's new parliament elects Sunni lawmaker Mohammed al-Halbousi as speaker, marking an important step towards establishing a new government.." *** Sandy Ingram The world bank reports that over the last decade Iraq's oil revenues have amounted for more than 99% of exports and 85% of the government's budget and 42% of the GDP. Based on the World Bank's recommendation when the country provides a higher percentage of income and jobs outside of the oil then we can look for a possible float in the Iraqi dinar...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 ...things are moving extremely fast. A change can be posted instantly by the CBI and the government because of the way they have set the education up with the citizens right now. The billboards are ready to run because they are electronic. The float is extremely important. It'll follow right after this phase. It has to right away to take advantage of the 1 to 1 rate... *** Pimpy Article: "Unanimously... 'Progress' and 'Azm' choose Al-Halbousi as a candidate for the Presidency of Parliament" This should go quickly - If they've already unanimously voted in Halbousi. He'll be speaker, you have your two lieutenants and then from there they will vote on the President of the Republic of Iraq. I'm anticipating that the winner will be Salih...nothing can be accomplished until the new government is established and in place...a big hurdle was just passed now we're going to see what it leads to...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON Dinar News Update The Former Governor of the Central Bank of Iraq Sinan Al Shabibi has died. He was governor from 2003 to 2012. Many feel he had been instrumental in the process to revalue the dinar. In 2012 it was believed he was moments away from revaluing the dinar when PM at the time Maliki derailed those plans and threatened his arrest if he stepped foot in Iraq again. Ole time dinar investors will always remember his public meeting in Washington where he candidly answered audience questions about the possible revaluation of the dinar. He will be remembered. The latest guru posts will continue below... ** Clare Article: "The death of the former central bank governor" Quote: "The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva." ** Frank26 At any moment, I mean at any moment *snap*, I mean *snap* you can wake up and find the new exchange rate on the CBI website... ** Kaperoni The next 24 to 48 hours is critical as parliament will meet to confirm the results [Of the election]. Then we will have to see how fast they can put the next government together without interference. ** Walkingstick and Frank26 The CBI is going to rent...electronic boards from the government of Iraq...they will plaster these new small category notes all over the place. These new small category note pictures will be the new graffiti in Iraq. It'll be on every wall that you can think of...the sighting of the new small category notes is getting closer to the eyes of the Iraqi citizens because IMO the new small category notes are now in the hands of all the private bank tellers...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 The other thing that bothers me. You say [U.S. Bank executive] that FDIC insures me $250,000? Yeah. Did you know the FDIC insurance in the small print way down in the bottom there's a clause that says that the bank/the FDIC has up to 99 years to pay me back what you Mr. Bank lost? [Note: Consult your financial advisors at the appropriate time to create the best plan to help you protect your money and assets.] *** Kaperoni Looks like Sadr and the Sadist bloc have formed an alliance with numerous other blocs including the Kurds to now have the largest bloc in parliament and the right to form the government. This appears to leave Al-Maliki and his State of Law coalition left out. Based on several other articles it appears Al-Maliki is trying to imply this result will...have constitutional ramifications. IMO it just seems like Maliki is trying to cause trouble. His time is running out...We can only hope Sadr has the correct intentions for democracy and economic growth in Iraq. *** Vital Brad The [former] governor of the Central Bank of Iraq...he passed away...I think it's so important to put back into everyone's perspective that this life is just temporary... *** MilitiaMan Article: "Exchange rate first" Quote: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards... Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "Parliament sets the Great Hall of the Council as a place for its first session next Sunday". Looks like parliament is set to go ahead and hold their first session which will happen this Sunday. From there remember they appoint the speaker first, the deputies and then they announce the nominee for president. Salih has done a good job hopefully gets back in there...it's January 9th... *** Frank26 [Q? : Who is the CBI now meeting with..?] They met with the U.S. Treasury for about 3 months in a row every Saturday. They then stopped meeting them and about a month ago they started just meeting with the executive level [of Iraqi banks]...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 What does it mean to float? Or how can Iraq float the currency internationally? The answer was if you had Chapter VII completed. If you had all Chapter 6 completed. If you had Kuwait say you don't owe us anything and they have. That's why we're at that next step. IMO it's what the CBI has told the executive level to tell the branch levels, the tellers, to tell the citizens. *** Kaperoni Every once in a while you get someone who brings up a Global Currency Reset. It is utter nonsense as I stated numerous times most currencies in the world already float so they are already priced where they should be. In other words there is no such thing. *** Pimpy Article: "Mazhar Salih: The government may make changes to the exchange rate, and the dues of Resolution 15 are guaranteed" The government cannot change the exchange rate...the Central Bank of Iraq is separate than the Iraqi government. They can make requests, they can pressure them, but it is up to the central bank of Iraq ...
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*** Frank26 From December 20th to January 9th - the education continues and they were to show the new small category notes to the citizens IMO. I pray it happens that way. If it doesn't happen well I was wrong...you want to chastise me that's okay...From the 9th of January onward you got the GOI seated officially...the three presidents... *** Kaperoni An article came out tonight referencing Iraq's economic successes in 2021. Primarily Iraq still has not achieved any significant steps to diversify their economy. Until that happens, there will be no change in the dinar...Iraq could be many many months away from changing the current monetary policy. Until a new government is in place, Iraq passes the laws necessary for foreign investment, and until they continue to build a diverse economy there will be no change. *** Frank26 Article: "Likely to change the dollar exchange..Saleh: the government will amend the 2022 budget," It's nice to see this same individual no longer spreading lies that it's never going to happen - you're [Iraqi's] never going to have purchasing power. This canary is singing a new tune.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Petra [Iraqi banks have been closed the past two weekends] Banks at the end of the day ledger-up all their funds. Every teller goes and takes their drawer and they go and count it, rectify it and make sure there's nothing short. They put those drawers in the vault and ready for the the next day. That information is sent to the Central Bank...For people to say we're going to take 2 weeks off to do all this accounting? Friends that accounting is done every day...Now they have a quarterly but it's all electronic now. It happens in one day..[Post 1 of 2]. *** Petra Q? : [Why they had to do two weeks of inventory right before the end of the year?] ...the banks have been closed the last two weekends. The bank people had to be there to do "inventory" but it's a joke. Something is being hidden because something is being done in the background to true-up so that when the new rate does come out they're ready to rock and roll to exchange the old currency for the new...I think that's what's being lined up IMO..[Post 2 of 2]. *** Pimpy Article: "Sources: Al Sadr presents two candidates to head the government, and the likelihood is for Al-Kazemi" This article here is major...Sadr is playing 5D chess and the rest of the people are trying to catch up...whatever this move is by Sadr it seems genius - put somebody up there with him [Kazemi] that is less liked and see what they say. It looks like Al-Kazemi is going to get back in there.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "The withdrawal of the combat forces is historic achievement" We know now that the American and international coalition forces are now out of Iraq. If they're out of Iraq there you go Iraq congratulations your sovereignty is restored. *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: The CBI is really talking a lot...on the news...talking about CBI is expanding inside of Iraq and into Saudi Arabia... FRANK: No. Into the whole world... FIREFLY: ...then this economic expert comes out and he says we got a fixed rate for the dinar but that's bad. FRANK: You see the program rate it's a fixed rate. FIREFLY: ...because it causes problems. And the answer is to float...says Iraq need to go and start by going to 1300... FRANK: This is an economic guy...the solution he's offering it's true but the rate that he's offering...1300...if you've got that time to waste knock yourself out Mr. Economist but Iraq doesn't. They've already run out of time.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Reducing The Price Of The Dollar Is A Necessity To Live" It's a great article...It is so delicious... Quote: "The Governor of the Central Bank of Iraq, Mustafa Mokhif said that 'the previous exchange rate of the Iraqi dinar is 'distorted' and does not bring about real development in the country, 'stressing that 'the decision to change the exchange rate was not taken hastily, but rather within a well-studied plan in full coordination with the Ministry of Finance and the International Monetary Fund." ...Great article. *** Walkingstick When they float it will be on par with the dollar and it will be 1 to 1 inside of Iraq and outside of Iraq...while it's floating they'll educate the people...a currency can't have two rates...they have a goal and that's to reach the REER...if you want a REER of $1.50 knock yourself out but we have the ability to take it up to [unsaid amount] so why don't you go ahead and float it up to that REER. They will because Iraq is going to become the central hub of the Middle East... *** Kaperoni Deleting the zeros...We don't want to see such an event as this is a LOP. We want to see them float the currency and have the dinar gradually appreciate over time. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: A big thing on the television. All the combat forces, they're pulling out of Iraq...United States of America and other countries... many are now stationed in Kuwait so in reality they didn't go very far... FRANK: This is so powerful. It's important for the monetary reform, for the economic reform.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "For the sake of the banking system..Kuwait: Iraq handed over the last batch of compensation before it was due" Kuwait had to be paid off..compensated with economic reform and return their dead... Quote: "re-integrate the Iraq banking system with the global banking system." Bingo! What they did is they combined the Iraqi banks with the banks around the world... I told you [Guru] Walkingstick's friend came to do this to his private bank in the United States...because of the fact that the Iraqi banks are now internationally recognized the Iraqi currency is about to float...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Adam Montana Article quote: "...the Central Bank of Iraq announced on December 22, 2021 the completion of the last remaining installment of Kuwait’s compensation amounting to (44) million US dollars, and thus Iraq had completed the payment of the full compensation amounts approved by the United Nations Compensation Committee of the UN Security Council..." I’m sure everyone here already understands how big this is… what an incredible milestone! This post was taken from another site that follows Adam, and posts snippets from them. *** Breitling Question: "I've been seeing articles about the Central Bank of Iraq meeting with other central banks in other countries like Saudi Arabia and Britain . They're setting up central bank branches in the countries and vice versa. Is that significant...?" It is. It's specifically so other countries can use their currency. Very specific. Their currency [dinar] is going to go out there...they have to have people trying to use the Iraqi dinar which helps their supply times velocity. That's why it's so exciting...It is the formula. So we're here. *** Frank26 Article: "Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation" They've already paid off Kuwait...they already paid off everybody...the last banana peel of Chapter VII is Chapter VI...this article talks about what they already did with the United Nations and why they're about to go and float their currency... *** Mnt Goat ...I fully believe this...the revaluation of the currency...has been tied to the ongoing sanctions from the UN and then the US Treasury... the remaining obstacle to the last step in the currency reform process is the exit from Chapter VI and VII of the Charter of the United Nations...now it is time to take the next step. It has been a hard 18 years (almost 2 more decades) for Iraq, 3 decades altogether since the Kuwaiti invasion. But Iraq is now about to make a giant leap forward and it has in its sights to remake the late 1920’s kind of an economy with abundance and prosperity that was indicative of that period. Yes, they want these “glory” days once again. They even told us so..[post 1 of 2]. *** Mnt Goat ...here is...very good news! The Central Bank of Iraq announced recently that last Tuesday, the payment of the last installment of $44 million was paid to Kuwait early. This will lead the way to the dismissal out of Chapter VI and VII. The UN the Security Council still has to formally vote on it and it is scheduled for an early February 2022 meeting. Iraq has already submitted the paperwork for the request to the UN. Could they convene earlier and fool us? How does this effect the RV? I am not certain if they can still go ahead with the project to delete the zeros with anticipation of being released from these sanctions. There is no legal parameter preventing it from the CBI, however we know this is the first step in the process to reinstate and so once started they can’t turn back. [post 2 of 2].
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** MilitiaMan Article: "The International Coalition : We no longer have combat forces in Iraq" Add this to the equation… No combat forces, done early. Kuwait paid in full, early. Digital platforms noted by the CBI, early. Thus, the next move is expected and that is move to a market economy. That will require an international exchange rate...imo...
