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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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq on TV now. He says even with the low oil prices we are stable and inflation in our county is low because we have strong reserves and we have non-oil revenues efficient enough now to also contribute...Then he talked again that the oil price drops have nothing to do with a high exchange rate. FRANK: He's trying to reassure you that the American dollar is not coming back in any shape or form into your country...Your currency is the future and its new exchange rate has been a success. That's why you're about to explode with your economic reforms... Mtn Goat Article Quote: “Iraqi banks have the qualifications to switch to the electronic system, noting that “the transformation of the financial sector to the electronic system with credit cards will pave the way for attracting international investments and increasing confidence in the Iraqi economy.” I have to say it is all just about implementing the Electronic Payment and Inclusion of the banks into this new process...the CBI and the Finance Committee...are committed now to complete this effort, and I believe they are way beyond our expectations of just where they currently stand in this effort...In short summary, is this not what we all want to happen so they can pull the trigger on this revaluation and reinstatement.
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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... So, take everything with a grain of salt ... RON Samson Article: "No restrictions on our balances in America".. Al-Alaq: The number of bank cards has increased to 19.75 million cards" Frank26 [Iraq boots-on-the-ground report] FIREFLY: The crooks are also talking on TV. Every time a commercial comes out...They're saying changing the rate will be a disaster. FRANK: The crooks are Iran/parliament...The only reason they're saying this is because they know very well the rate is about to change. It's no secret. Sudani is preparing the whole Middle East and all his people for the change this year. Militia Man Purchasing power is deserved by this country. They have assets that are phenomenal. The non-oil revenues, gold reserves, foreign reserves, and other sources of income through taxes and tariffs etc is going to be phenomenal. Jeff Supplemental budget...that's all we're waiting on. Right now the actual budget for operating expenses is done. It will need to be amended though because it doesn't have the supplementary portion of it to fund the 5-year development plan and reforms...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The judiciary and the State Council confirm that the Governor of the Central Bank of Iraq is subject to the legal retirement age (documents)" Quote: "The two councils confirmed in documents...that the legal age for retirement is 60 years, and upon reaching it, the duties of the official assigned to it end." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani comes out and he mentions that we are in the completion phase of the HCL. We know the HCL needs a rate. Sudani said the payments would be through the electronic cards, not cash. We think that's because cash would give us 1310 but through the cards we think it's going to be with a new rate. FRANK: I do not know this for a fact but I agree with you totally that your cards they are based on a new exchange rate. It makes no sense for them to be based on a restricted program rate... MarkZ What have we gotten this week? We have movement in the HCL, salaries are suddenly being agreed on, which imo - they could not agree on without knowing the new rates, we have them telling us the money laundering issue with Iran are taken care of, and the comment about 10 days ago from Sudani that they plan on lifting the value of the dinar during his term which is in the next couple of months. So buckle up and try not to lose faith.
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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... So, take everything with a grain of salt ... RON Militia Man Article: "Government parliamentary meeting today discusses boosting non-oil revenues and developing the economy" Iraq is going to be needing non-oil revenues. We all know that...The last 18 month, almost 2 years, has been to get Iraq to a private sector and to get them to boost their non-oil revenues.
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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... So, take everything with a grain of salt ... RON Samson Article:"Our Country's Dream... Al-Sudani Sends an Important Message to Gulf States Regarding the Path to Development" Quote "Prime Minister Mohammed Shia al-Sudani stressed that the drop in oil prices to less than $72 confirms the need to diversify..." Mnt Goat Is the electronic payment necessary in Iraq for the RV? NO, it is not but it will help to prevent the money laundering...
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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... So, take everything with a grain of salt ... RON Tishwash Article: "Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president" Quote: "We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces' mission in Iraq soon... indicating that the end of the international coalition's mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties. We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq's efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States."
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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... So, take everything with a grain of salt ... RON Militia Man I believe the Iraqi dinar is going to change value...and the citizens believe that too. I believe Sudani has literally spoken those words...the dinar, it's going to be stronger than the dollar. He said those things on a couple of occasions. MarkZ Question: Do you believe the new lower denominations have already been printed in Iraq? Mark: Yes I do. We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them. Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks. Fnu Lnu I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses. But why?... Clare Article: "Parliamentary Finance to Employees: Your Salaries Are Secured for This Year and Next Year Even if Oil Drops"
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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... So, take everything with a grain of salt ... RON Pimpy I'm not saying they're going to devalue the currency right now. What I am saying is if they stay below $70 per barrel of oil for the medium term, you can see them devalue the currency. I don't think it's going to happen anytime this year because the year is almost over. I'd be a little nervous going into 2025. Clare Article: "6 scenarios that the Iraqi Central Bank will work on, narrated by Al-Issawi " Quote: "The economic expert stated that the Central Bank of Iraq is negotiating with the US Federal Reserve regarding ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between 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... So, take everything with a grain of salt ... RON Tishwash Article: "Al-Sudani: Iraq today is on the right path" Quotes: "We have started establishing and implementing the development road project, which will transform Iraq into an open country.; "Many capitals want to invest in Iraq...Iraq is witnessing recovery and stability and everyone needs his return"; We have made real reforms in the tax and banking system. There is no spot on Iraqi territory outside the control of our security forces, and we have directed the preparation of a comprehensive plan to secure the path of development."; "Iraq today is on the right track". Mnt Goat ...They don’t need any economic revival to put a fair market rate for the dinar back on FOREX. It is all a lie. They are “artificially” suppressing the rate of the dinar. When will this abuse of the dinar end? I believe this end is near.
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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... So, take everything with a grain of salt ... RON Fnu Lnu There is no Quantum Financial System [QFS]...There is no NESARA - NESARA, initially standing for National Economic Security and Recovery Act, was a proposed economic reform plan created by Harvey Francis Barnard, an engineering consultant and teacher, during the late 1980s and early 1990s. Barnard printed 1,000 copies of his proposal and sent them to members of Congress, hoping it would pass quickly on its merits. After his efforts did not succeed, he...published it on the Internet in 2000. There is no GESARA - The proposal gained popularity through online forums and websites...its adherents began using the term GESARA (Global Economic Security and Recovery Act or Global Economic Security and Reformation Act) to extend the proposed reforms globally. Samson Article: "The new strategic agreement between Baghdad and Washington.. results and repercussions!" Quote "The government of Prime Minister Mohammed Shia al-Sudani faces a complex and difficult task.
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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... So, take everything with a grain of salt ... RON Frank26 Community Comment: "The Iraqi citizens here in Iraq want Alaq out." They love Alaq. It's only...Iran, the politicians that have stole that want Alaq out. Samson Article: "Close to Al-Ameri: We support Al-Sudani, and there is no demand for his resignation or early elections" MarkZ The news is staying consistent. There is nothing negative. I am still hearing a lot of chatter about between now and the 15th. A lot of well- connected people still think this is a high possibility. Pimpy For almost like a good six, seven eight months there's all this hype, it's going to change tomorrow, it's going to change tomorrow because there was so much talk about the exchange rate. I keep telling people...that's not what's going to happen. There's still things that need to be done.
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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... So, take everything with a grain of salt ... RON Clare Article: "Iraqi state banks account for 88% of banking sector investments" Quote: "The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed government banks account for 88% of the banking system's investments, pointing out the necessity of reforming the banking system on the basis of market work, similar to international banks." Petra They were expecting Iraq to be IMF Article VIII compliant or at least having agreed to the obligations that requires. One of those requirements is having all restrictions lifted, which comes to Article XIV. They've been using a lot of pieces of Article VIII to get to where they are now. But they've never accepted the article, which is very simple. It's basically a document that Alaq and Sudani agree to. They sign it and send it to the IMF accepting all portions of Articles VIII. Militia Man The IMF Article IV 2024 consultation, one of the most important things was for [Iraq] to accelerate accession to the WTO. Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are seeing a commercial on TV. It's 5 or 6 minutes long showing our new cards we are going to be receiving in the mail very shortly they tell us. They're showing the citizens going to banks and ATMs getting money out. They are showing us how to do this. This informational stage we are in is like Mr. Sammy [Bank friend] said, it will last for the rest of the year. FRANK: The commercials are now starting because Alaq has returned.
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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... So, take everything with a grain of salt ... RON Samson Article: "Parliamentary Finance Committee reveals its efforts to increase non-oil revenues and activate collection" Frank26 [Iraq boots-on-the-ground report] FIREFLY: CBI is talking about a mechanism to terminate the electronic platforms. FRANK: That's right. They can't steal the money through that method anymore. This is fantastic. The American dollar and the dinar are now being protected from those that were stealing it, from Iran. Because that was the US Treasury's #1 requirement. We called it security and stability and so did Dr. Shabibi.
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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... So, take everything with a grain of salt ... RON Mnt Goat Iraq told us all about how they fully intend to get back the “glory days of dinar” and so...Yes, simply put, they are doing it... at this point the pieces are all aligning so nicely...it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement. You can’t do one without the other... it certainly “is not all done”... the path to the reinstatement is crystal clear... you can see the writing is on the wall. I don’t say this lightly either. We are just about there... Clare Article: "Central Bank of Iraq makes progress in reforming banking sector" Quote: "US Ambassador to Iraq Alina Romansky confirmed [via tweet] the Central Bank of Iraq has made progress in reforming the banking sector. We commend the progress made by Iraq and the Central Bank of Iraq in reforming the Iraqi banking sector in partnership with the US Treasury and the Federal Reserve during recent meetings in New York, where the two parties discussed ways to cooperate to enhance transparency and integrity in the Iraqi banking sector." MarkZ Comment: 13 banks over there are set up for foreign currency exchanges. Saw an article on that a few days ago. Mark: Suddenly they are operating as if they were already in the WTO. And yes… 13 of their banks can now take international exchanges. It’s curious and I think tells us how close we are.
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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... So, take everything with a grain of salt ... RON Tishwash Article: "Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years" MarkZ They are openly talking about Lower Denominations in Iraq again. 13 banks are set up in Iraq to handle exchanges. And where are these 13 banks, Mark, and what is your source..? Or is this just another fabricated rumor..?
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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... So, take everything with a grain of salt ... RON Militia Man Article: "After the success of the recent negotiations in Washington, the Central Bank succeeded in diversifying the basket of commercial currencies. Indicating this will lead to a significant decrease in the demand for the dollar. This meeting with the Central Bank of Iraq...US Federal Reserve and US Treasury, which lasted for 3 days." Commercial currencies with the Iraqi dinar. They're not going to do that at 1310. When things change everybody's going to be ready to do business with Iraq.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "The Central Bank announces the participation of 13 Iraqi banks in foreign transfer in multiple currencies" Friday afternoon...10pm in Baghdad, article hits the wires. Quote: "Delegation in New York announces the start of the new phase of external transfers, facilitating international transfers" If Iraq is going to be dealing with the Euro, the Chinese Yuan, Indian Rupee, the UAE Durham they're probably going to have to have Article VIII compliant currency that's acceptable globally, traded on the Forex. This is big. Why do they come out on a Friday? 🙏
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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... So, take everything with a grain of salt ... RON Clare Article: ”The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies" Quote: "The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV right now and he just told us that the project to delete the zeros is ruled out at this present time. Then he turns around and says we need to reduce the amount in the budget from trillions to billions and then ends the conference talk by saying many have called for the removal of the three zeros which would increase the dinar. We are both in shock and stunned because he said one thing and then he said another thing. FRANK: What he's telling you is exactly right, it doesn't make any sense. This is B.S. It is a lie. Trust me, nothing is stopping the purchasing power that is coming to you Iraqi citizens. Nothing. China did the same thing back in the 90s. They came out with a full page article in their newspaper saying there were not sign to increase the value. 3 days later they increased the value. This may be the same scenario. A diversion for speculators.
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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... So, take everything with a grain of salt ... RON Militia Man Article: "Al Sudani's adviser rules out removing three zeros from the currency" Saleh...he's not lying. The government isn't looking to remove the zeros. It's not the government's job. So he's not lying. 1310 will not work going into this new economy that they're going to be rebuilding. It's impossible to keep having an exchange rate at 1310 because as he says, it's reached trillions and it's not easy anymore. It will be astronomical. Please pay attention. They're bringing value to their currency. It's really coming together quite quickly.
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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... So, take everything with a grain of salt ... RON Fnu Lnu Contract Rates all happened many years ago when private buyers contracted to buy Dinar at a specified rate, per contract. It was not an exchange. It was a private sale. Those all closed many years ago and there are NO MORE contracted rates...PERIOD! I hope this clears the air. Kaperoni Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Interesting quote from Salih in that article. Quote: "The strength and stability of the Iraqi dinar will remain linked to the factors of real growth and diversity in the national economy," MarkZ ....we hear Al Alaq (Governor of the CBI) is to go from New York to DC today. We are hopeful it means something. Comment: Slowly, Slowly, SUDDENLY. Mark: I think we are finally at the suddenly part.
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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... So, take everything with a grain of salt ... RON BGG Article Quote: "Economic Achievements of Prime Minister Mohammed Al-Sudani - An Analysis of Non-Oil Revenue Growth in Iraq - 2022-2024" Quote: "Under the leadership of Prime Minister Mohammed Al-Sudani, Iraq has achieved significant growth in its non-oil revenues, rising from seven trillion Iraqi dinars to twenty-seven trillion dinars in two years. This remarkable increase indicates a strategic shift towards diversifying the economy and enhancing its stability."
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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... So, take everything with a grain of salt ... RON Mnt Goat Article Quote: “that the government is demanding guarantees for non – substituent currency back to the markets”. This means the reinstatement back to the FOREX trading markets. The CBI wants guarantees that once they begin the process of the Project to Delete the Zeros, it will go all the way to the reinstatement. So is this not what my CBI contact also told us?
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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... So, take everything with a grain of salt ... RON Militia Man Article: "US Treasury takes control of Iraq's Central Bank to combat money laundering" They said that on August 3rd. It's confirming the US Treasury Department has taken permanent headquarters in the Central Bank of Iraq building. Why in the world would they do that if there wasn't something important. They're going to put the fire under them. Quote: "The central bank was forced to allocate." Those are pretty heavy words. Powerful. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh...was talking about...raising the value of the currency. He talked about it for 45 minutes. FRANK: These are the people we want to listen to. They're the ones that Sudani is sending out to them. Everyday seems to be filled with monetary reform education to you Iraqi citizens. Don't you love it because this is what is supposed to be happening right now. They are preparing you for what they're going to give you, what they promised you. You are so close to receiving everything that they were talking to you about... **** From Midnight Saturday **** Frank26 Question:"What are you looking for next?" I'm looking for Sudani to come out and show the Iraqi citizens their new currency, their lower notes in whatever fashion that he'll take. Militia Man The Untied States Treasury has a floor at the Central bank, a whole one. They're not going away. The smuggling of hard currency is about to get a rude awakening. That cash cow people were sapping into that was in the billions of dollars auctions, looks like it's going to be going away as we know it. All that is going to dry up fast.
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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... So, take everything with a grain of salt ... RON Breitling If Iraq doesn't start making the right decisions they're not going to make it. They're going to be forced to use more US dollars because the US will put more and more sanctions on them if they don't, and that's going to devalue the currency even more. Militia Man Alaq, the Central Bank governor has been under pressure for lots of things. He was even summoned to Washington and he showed up to have a powwow meeting. It was unannounced. There were some issues at that time. It was months ago. The pressure is a good thing from my point of view. MPs in parliament are calling him out. There's an agenda. I firmly believe that. Frank26 [Iraq boots-on-the-ground report] FIREFLY: K2 company is studying risk management on things of our banks and they are giving away information on dropping the zeros. FRANK: K2 is a very good insurance company. The fact they are talking about the lifting of the three zeros for the reinstatement, that's timing. It is an insurance company for banks. Why would they be talking about the process of lifting the three zeros? That's pretty obvious. Samson Article: "Iraq raises its gold holdings to more than 148 tons" Quote "The World Gold Council announced...Iraq has increased its gold holdings to more than 148 tons."
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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... So, take everything with a grain of salt ... RON Militia Man Article Quote: "Federal Integrity Commissioner says we discussed the development in the integrity file and the government's efforts to recover funds into the Iraqi state treasury." There's some people out there that have stolen a lot of money and that money is still floating around the world. If you stole it you're probably going to have a knock on the door. If you're playing by the rules you shouldn't have a problem. ThurDepends on who writes the rules of course... Frank26 Question: "Why is no one speaking of the WTO meeting with Iraq on Friday?" Because it's not that important. They were supposed to get everything done by the 15th for the WTO. What are they going to do Friday? They're just going to talk about it. It's not until the value of the Iraq dinar is released and the lower notes and lifting of the three zeros, that's when they'll join the WTO. Why do they want a sanctioned rate? They don't. They know exactly what they're doing.
