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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 Status of the RV...has not changed. The central bank of Iraq (CBI) still intends to conduct the project to delete the zeros as soon as there is stability in the government...Remember the project to delete the zeros is the next step. The needed financial reforms are complete except for some much needed laws to better control the independent banks operating in Iraq...I assure you just have faith and hang in since it is coming! *** Samson Article: "The Iraqi parliament fails for the third time to hold a session to elect the president of the republic" *** Mark ...if Iraq goes with the NEER (Nominal Effective Exchange Rate)...the rate will float. Right now we are hearing that if Iraq does go with the NEER the rate will be about $1.60. This can be used if Iraq gets tired of waiting for the GCR... They want the full amount of over $3.22 but may settle for the lower NEER rate to float if they have to.
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The Real Tuesday Morning Opinions @ 9:40 AM CDT - 3/29/2022
ronscarpa posted a topic in Dinar Rumors
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 Sometimes countries will revalue their currencies from time to time. Most citizens won't even realize it...the only time you'll really recognize it is when you go to buy products and services. You'll see that either it went up in cost or went down in cost. This is from 2007 - Article: "Kuwait in surprise dinar devaluation" This happens in countries from time to time...guess what happened to the Kuwait people the day before this depreciation? What do you think think happened to their money? [Post 1 of 2....stay tuned] *** RVAlready Parliament getting dissolved would do nothing, and might give Maliki more of a majority. I am hoping if this is not resolved, the federal court will use extraordinary powers to appoint a new president of the republic, and he appoints a new PM. This might defeat Maliki and his friends. Sorry about calling Monday's posts Tuesday...RON A Brain Fart..! -
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 *** Samson *** Article: "A legal expert clarifies the time period for choosing the President of the Republic and reveals the details of dissolving Parliament" Quote: "in the event that the new president of the republic is not chosen, the parliament’s presidency can postpone it until April 6 only. If we exceed this period...we will be facing an irresolvable failure, and Parliament may be dissolved...”
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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 *** RVAlready The end of the month is the end of a quarter. Shabibi said the RV would be easiest at the beginning of a quarter. Nevertheless, they'll need to have an operating GOI before the CBI will do anything with any currency change. RON *** Pimpy ARTICLE:"The United States intends to exempt Iraq from sanctions on Russian weapons" The United States it looks like is going exempt Iraq from having to honor sanctions against Russia and allow them to start buying weapons from Russia. Remember they're out of Chapter VII now. They have the right to start buying military weapons and start arming themselves and do what they need to do to protect their country. *** Holly ...We have been in this holding pattern for a long time. Once the damn breaks it will happen quickly. Iraq is to announce their president on Saturday. That should move things along for them as well.
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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 Community Update *** Yesterday Guru Frank26 had an emergency surgery. It was a long and difficult one. He's recovering, talking, interacting and soon will be walking as he gains his strength. Keep him in your thoughts and prayers as he recovers over the coming days. I'm sure it's a bright spot in his day knowing the entire dinar community is wishing him well and a speedy recovery! *** Mnt Goat Article: "GOLD RESERVES IN IRAQ’S VAULTS ARE MORE THAN 96 TONS" Article Quote: “the gold reserves in Iraq amount to 96.4 tons,” noting that “Iraq is located in the international gold reserve arrangement in sequence 37." This ranking is very good considering over 250 countries world wide. Again more wealth so where is the true rate of the true value of the currency?... *** Militiaman The IMF has been active in giving support for a rate change. A reasonable one. With pricing of goods going up and extremely 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... RON *** Sandy Ingram Iraq's gold reserves increased to 96.42 tons in the 3rd quarter of 2021... *** Mnt Goat ...This period of news evolves mostly around dealings in establishing a quorum in order to vote on the president in Saturday’s session 3/26... If the vote cannot be taken, the other options in the constitution are to dissolve the parliament and hold re-elections... We will have to wait to see what happens on Saturday... *** BobTheTaxMan For most people they sit in the fantasy world...you're gonna be rich! You're gonna have mansions! You're gonna have yachts...! Really you're going to be in a completely different world. Most people are not ready for that. They're not ready...80% of everything you'll ever do is in those three things [Roth IRA, Gifting assignment, C.R.U.T.]. That's it. Those are the ones that will save you the most money. Reduce those taxes. And put you in a spot where you can succeed. I've sang the song. I've sang the song. I've sang the song...don't wait. [NOTE: Consult your tax and financial advisors at the appropriate time for assistance in saving/paying the right amount of tax for your unique situation.] *** Mark Good article out today how they will seat the government on the 26th and how they have everything ready to go Article: “A Sadrist source reveals what will happen in the presidential election session”..! Sadr refuses to put up with Maliki's antics, and I believe he has specific plans so they don't have to consider other constitutional options. Plus, I believe he has sufficient support to move forward...RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy People are like, 'They're going to change the rate.' No. I already told you what some of the factors are. How are you going to change the rate if a government isn't even established. There's an election but there's no government. The budget hasn't been passed. There are a lot of other factors in there that need to be taken into consideration before you could talk about the exchange rate... *** Godlover Article: "Al-Fath announces the filing of a lawsuit with the federal court regarding the exchange rates of the dollar" Quote: "there is a lawsuit submitted to the Federal Court, to restore the exchange rate to what it was, and we are waiting for a response from the Federal Court." I pray this is not accurate, however most of the articles on the exchange rate either state the same thing or imply it. *** MilitiaMan Question: "Would love your thoughts on all recent articles that refer to the previous rate..can you really disregard the rate in Dec.2020 before they lowered rate of Dinar...?" A previous era apparently denotes a start and end time of a significant event...The relatively recent period since they devalued has far less impact than the era that was considered the GLORY DAYS of roughly $3.22. Those days had a rate that was not under sanctions. Like now...as Chapter 7 has been lifted. Reverting back to program rate of 1190 would put them right back to a program rate and would likely not ever allow them into the international arena...[Post 1 of 2]. *** MilitiaMan The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200. It will likely support an era of the Glory Days. They told us the worth of the Dinar in 2017 was worth $1.17 based off only oil. Add in the rest and inflation one should easily see that the REER will be a far cry over 1190. That will in the end be when the rate of 1190 or even 1460 is disregarded and rightfully so, by me. imo...[Post 2 of 2]. *** BobTheTaxMan The only problem we have is - the thing that we don't know - Is this going to be a free-float or not? Because if it's going to free-float it's going to have a lot of volatility... [NOTE: Consult your informed financial advisors at the appropriate time to concoct a dinar exit strategy that is best for you and your unique circumstances]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Dinar Community Update *** Frank26 is undergoing emergency surgery Thursday morning. He has been struggling with health issues yet continues to keep the community updated with his intel and analysis. He's a real trooper. Keep him in your thoughts and prayers as he undergoes and recovers from this operation. *** Breitling Iraq is going to benefit from this [Russian situation] in more ways than one. We are going to cut Russian oil off and these countries that were buying oil are going to spool up. They are going to be making even more money. *** Godlover What has been worrying me for a while is, yes they have been talking about the exchange rate a lot, only they are talking about the previous rate. The Kurds, oil & gas law & maybe one or two other issues I see needs to be resolved...I am just not seeing anything clear cut for what we seek, it is the opposite. Furthermore the government formation which is needed, is still going to take some time. As I had stated prior many times, the WP is not only economic reforms, but government reforms & the later comes first. I had hoped government reforms aka new government seatings would happen quickly, but reality is setting in. *** Pimpy Community comment: "I think they will change the rate because they want to. I'm very practical." I don't think they can just change it just because they want to. There's a lot of other factors involved. So be a lot more practical...I don't think there's an issue at the moment other than the fact that it appears that Al-Kazemi's administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track... *** BobTheTaxMan ...It's getting closer not getting farther away. When we take a look at oil prices...and when we take a look at the fact that Kuwait has been paid off, when we take a look at that now the competition that we were having inside of Iraq for, 'Gee, do we lean toward Russia? Lean toward China? Lean toward the U.S.?' Well duh! That's taken care of. Everything is aligning itself to the point to yes things are moving forward... *** Samson Article: "Al-Halbousi announces the date of the presidential election session" Quote: “It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”
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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 MONETARY IMPACT OF THE DOLLAR SALE WINDOW" What they are essentially saying here is that you can’t just abolish the currency window (currency auctions) without looking at the full impact as to why they exist in the first place. So, as I have been saying, they can’t just stop the auctions without replacing them with the reinstatement, thus using the dinar and not the dollar for trade. But to do this must create a demand for 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 Everyone in the political arena of Iraq wants this to happen. Everyone knows that it's happening..! *** Mark They are planning on seating their gov. on the 26th…and seem very confident they will do so on the 26th. ...a slow day in the RV world....Hopefully the quiet before the storm. ...I do not know the timing…I do know it’s a “when” and now an “if”... *** Sandy Ingram New York Times Article: "Iraqi minister says high oil prices, if they last, could speed the shift to E.V.s" As investors you want to be aware of shifts and trends that could become commonplace...those flip-flopping short-wearing genius geeks in Silicon Valley have been working on a way to eliminate dependency on foreign oil. Iraq sees the shift coming...this is brewing in the background... *** Breitling [Q? : Russia...what's that have to do with Iraq? ] Iraq is kinda in the middle of it. They don't want to do business with one side or the other. They want to do business with both sides. They don't want to offend one side or the other. But that's over with. They want west. They want the U.S. dollar...they want to be able to do business with countries attached to the dollar. They don't want to do business with counties attached to the Russian Ruble...that's an easy choice for Iraq.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight. I doesn't mean I'm right. It doesn't mean I'm wrong. I'm just saying you're gonna see it go up in increments. How much? I don't know. But Sadr is pretty serious about dealing with this exchange rate issue... *** MilitiaMan Article: "Al-Faw port .. Funding is enough for September and a government step to overcome the budget delay" The mention of the a difference in exchange rates is very interesting...The budget is in Dinars but the contract is in Dollars. The large difference in amounts after changing the exchange rate between each other is by recalculating costs. So they have a new system in place to account for the differences...if there are any delays, then they are all set with the new system to take over. ...The new system when the ...exchange rate changes...will calculate the differences in the exchange rates. Sounds like they have it set up for a seamless change over. All good to go imo... *** Samson Article: "The Federal Court postpones the lawsuit to raise the price of the dollar to 4/4" *** Godlover ...There are still many unresolved issues...I do not believe the NSCN's [New Small Category Notes] have been printed yet per a recent article & I do not believe the NSCN training has happened yet. *** Sandy Ingram There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar. *** Breitling It's always about what markets are they [Iraq] going to be involved with. Always. Once they add value to the Iraqi dinar how can they participate in those markets? Who's going to be able to accept it? That's why you're watching Iraq go through all these banking laws - setting it up so it complies with the west...they're restricted on what they can buy...They're still going to sell oil in U.S. dollars but they're going to back their own currency up with U.S. dollars and their currency will be unrestricted..[Post 1 of 2]. *** Breitling Believe it or not what you're seeing with Ukraine is helping that. The United States is more inclined to have Iraq comply. Do you know why? Because right now there is a competition...The west is trying to confirm who is with us. Iraq wants to be part of the American western system. End of story. Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries..[Post 2 of 2]. *** Pimpy Community Sentiment: "It was so easy to devalue, why can't they just revalue?" It's not 'revaluing' we're looking for. I think what everybody's really wanting is the reinstatement of the old rate of $3.22. There's a difference between a revaluation and a reinstatement...I'd rather them take their time and do it 100% the right way so that it doesn't fall back down... *** MilitiaMan At some point Iraq may be in the AMF basket of currencies (Arab Monetary Fund)...the AMFs way of calculating the exchange rate...shows me that there is a strong probability that the IQD will be strong in pricing going forward. The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years... *** MilitiaMan ...their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Community Comment: "The RV is a hoax." Here's the thing when people say the RV is a hoax, the comment itself doesn't make sense. You have to explain why it is that you think it's a hoax because the RV is not a hoax. We actually saw an RV take place in December of 2020. They RV'ed the dinar. They went ahead and depreciated it...so you can't say the RV is a hoax. The RV happens. Also, remember you hold the currency of a nation..! RON *** Mark ...Article from Iraq: “The federal court postpones the lawsuit to raise the price of the dollar until 4/4” I am being told by my sources that this was postponed on purpose because they expect the RV to have been completed, small denomination bills released and everything done…by April 4th. Thus negating the need for it. That is what I am hearing...I am feeling pretty confident..! *** Godlover The articles speaking of the exchange rate appear to be talking of the previous rate. It's a concern because the oil & gas law is an ongoing issue that I feel needs resolved prior to what we all seek. I am not sure where we stand on the investment law, I am pretty sure this still needs to be resolved. Per articles the NSCN's need to be printed, if this is the case, which I think is likely, then that will be another lengthy process... *** Clare [Response to Godlover 3-15-2022 post above] NSCN'S ARE ALREADY PRINTED & WAITING LIKE EVERYTHING ELSE... TO BE REVEALED AT THE PROPER TIME...WS [Guru Walkingstick] TOLD US THAT THE TRAINING WAS ALL FINISHED PERIOD. THERE IS A LOT THAT GOES ON BEHIND THE SCENES THAT WE ARE NOT PRIVIY TO. NOT ONE OF US 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 *** Frank26 The key in the monetary reform right now, what matters most in the next step of the monetary reform is the face value of the Iraqi dinar versus the American 'worthless' dollar. It is par value that the CBI seeks. The par value is the purchasing value for the citizens themselves. It is also the face value that also Kazemi and Mustafa seek because that is a 1 to 1 with the Iraqi Dinar being on par with the American dollar. *** Mark It looks like they are not going to seat the new government of Iraq until the 20th now. They are also coming out with confusing articles. The confusing articles are exactly like what we saw in Kuwait before they RV’d... *** Petra Article: "Iraq invites French companies to implement projects in Baghdad" Myriads of countries have "aligned" themselves with business opportunities in Iraq...yet, to my knowledge, nobody is jumping in with both feet...Why? Because Iraq...have not made the commitment...to establish full Article 8 compliance. Yes, they are using Article 8 tools, but until they formally adopt full and final efforts in being Article 8 all such discussions are cordial and friendly but no money is being ingested into the country. [Post 1 of 2]. *** Petra Because, Freedom of Capital Movement comes with full compliance and the currency, whether NEER or REER has yet to be established closing the loop on Full Article 8 compliance! Who would invest funds knowing they could "disappear"... NOBODY..! So, Iraq, all the discussions are great, but...until investors and secondary market players KNOW their money is going exactly where it was intended and IMF protocols are followed to the law..! Get your house in order and the countries you have met with will return....with the checkbook..!! [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 *** Mnt Goat Good News! The International Financial Action Task Force (FATF) has taken Iraq...off the (grey) list for money laundering... So, this news today is yet another sign the window to financial freedom is close. Yes, we already witnessed the end to UN Chapter VII sanctions just recently and wait to hear now about the U.S. Treasury OFAC sanctions being lifted... *** Mark They did not choose the new President in Iraq yesterday…they are hoping to choose one in the next session. Which may be Monday of next week...Also I hear the Finance Minister and the Governor of the Central Bank needs to meet with parliament before the next session… *** Samson Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday”
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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 During the crisis in the Ukraine the Iraqi dinar is holding steady...what many people believe is one day we will wake up and the IQD will be worth a lot more against the US dollar. This belief is supported by the fact that Iraq may not be interested in joining the world financial platforms but appears from their actions to be very interested in raising the value of their currency... *** Godlover Question: "Barrel of oil surging. 130 in US & Europe. Is there a magical number we’re waiting for?" The magical number is…when they are ready & not before. *** MilitiaMan Article: "Kurdistan decides to reorganize fees and taxes and activate the electronic revenue system" This article imo is a doozy. It is telling me they are now ready to trade outside the borders...This all bodes very well for our study. The outcome is likely to be very promising and quickly now...I have always made the claim that, “the longer they take the more money we make.” With oil now $125+- at barrel, secures that. imo Lets see how they work this out.. They are working it out!!! The automation is proof they are!!!. 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 *** Pimpy Article: "Fitch Affirms Iraq at 'B-'; Outlook Stable" Since 2015 they keep slowly but surely devaluing the currency. I bring this up for a reason. Understand Iraq today in 2022 is nothing like Iraq even from 2020. It has come a long ways. There is plenty of reason to feel so optimistic about the dinar investment. *** RVAlready I don’t think the CBI will agree to change the rate until the government is seated. Hopefully, they will install the president by next Friday. *** Kaperoni The Dinar Community perception - "the exchange rate of the Iraqi dinar is currently a fake and suppressed value." This is a misrepresentation of the IMF directives...Again not true and just nonsense. The exchange rate is the exchange rate of the Iraqi dinar it is not fake or a suppressed value. Over the years the IMF has created programs hence the term 'program' to stabilize the currency, cut costs, meet directives etc. By no means is the exchange rate of the dinar artificial...True, but it is greatly undervalued..RON *** MilitiaMan the CBI, they have the exchange rate in their court. Not the GOI / Finance Minister, his tasks are important, just different from the CBI...They are independent from each other. As for the political side of things, they will eventually come around. They may even come around at the same time. I know there is a view that they need to be first, but, the way I read it and from the expert on the CBI has it that the exchange rate is in their court…They devalued before and they can revalue in the future...
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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: "ZAIN CASH ANNOUNCES THE PROVISION OF MONEY TRANSFER SERVICES TO MORE THAN 200 COUNTRIES SOON" So now they can freely move and transfer money around the world? Yet still have not reinstated the dinar? What has changed? What has changed is they are now completely out of Chapter VII. How could they then reinstate the dinar before now? The answer is they could not...Do you see how significant the completion of war reparations to Kuwait is for Iraq? WOW..! This county is going to now take-off...We know one of the next moves is to reinstate the dinar. It is coming shortly..!
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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: "Brent crude price exceeds $119 per barrel" Oil will reach $120 and then...$150 IS NEXT BY THE END OF THE MONTH ...This is all part of the float of the Iraqi dinar...IMO... *** Mark Still many articles coming out of Iraq talking about changing the value of the dinar…demanding a return of the exchange rate. 2 or 3 days ago Parliament gave the finance minister 1 week to get it done…so the CBI is being leaned on right now. *** Pimpy Based on my research and using a little bit of critical thinking - common sense kicks in, it tells me I don't think Iraq's in any position to do a 100% reinstatement. I think most likely it'll go up in increments. But also I've noticed in articles recently that the language that they're using and the fuss that they're making it really does give a slight impression that they're at least talking about the reinstatement. The truth of the matter is we don't know until they actually do it.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram Article: "Ministry of Oil: Revenues last February amounted to more than $8 billion" the average daily value was 3.3 million bpd while the average price per barrel was $92.08. Oil now stands at around $101.30 and is expected to increase even more... *** Pimpy Still they are talking about the change in the exchange rate...with all this chitter-chatter going on about the Iraqi dinar exchange rate, it's not just happening within Iraq, now the IMF is getting involved...the Central Bank of Iraq is actually taking into consideration a lot of input from the International Monetary Fund...IMO you can't really trust anything that the IMF and World Bank have to offer or suggest...
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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 Did you see the article that says 'I'm am the Minister of Finance and no we're not going to give you the new exchange rate. We're not going to give you the new exchange rate' Which causes a lot of people to say 'What!?!' What the Minister of Finance, what Kazemi is saying to the citizens of Iraq...'Hey, sit your government down.' Eventually the government will be seated. When that happens look out. *** Samson Article: "During The Hosting Session.. The State Of Law Demands The Return Of The Dollar Price To Its Previous Era" Quote: “It has become imperative for the government and the Ministry of Finance to return the exchange rate to its normal position, especially since the financial crisis has ended and the financial situation has improved, especially after the rise in oil selling prices.” Happy March 1st DV..!
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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 Kazimi told us we're going to have a new exchange rate as soon as you seat our government. Where's our government? ...the citizens...peacefully protest...to get the message to parliament, sit the government down. Unfortunately in the Middle East it takes a long time to do anything. I don't know why... *** Sandy Ingram Article: "Iraq aims to shift investment priority from oil to gas sector, minister says" This has quietly been sitting at the bottom of the news feed for a little over two weeks. Iraq is taking to heart the recommendations to diversify the country's industry income...natural gas...it looks like Iraq's decision over two and a half weeks ago to start exporting gas is right on time..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy The only thing that matters is that Iraq out of Chapter VII. Period. Restrictions are lifted. They're looking forward to joining the rest of the international community and working together and strengthening their economy. A strong economy means what? A strong dinar. A strong dinar means what? A valuable dinar. A valuable dinar means what? A better exchange rate... *** Mark Article: “Blackshart: The political parties must show a spirit of partnership and highlight the entitlement of the Iraqi People” There is a lot of pressure going on with the minister of finance... ”The white papers and its projects represent the main pillar of economic reform in Iraq” These stories are coming out today. The Iraqi parliament and banks are concerned that this world wide event may get lost in the shuffle and they are ready to move on with the reforms and to raise the value. The UN Security Council published papers releasing Iraq from all chapter 7 sanctions…. With this we are minutes..days close to reforms happening…
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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 *** Samson Article: "Kuwait congratulates Iraq on its exit from Chapter VII procedures" Kuwait's speech Quote: "We welcome the termination of the mandate of the United Nations Compensation Committee over Iraqi funds, and we also congratulate brotherly Iraq on its commitment to implementing decisions The United Nations and his exit from Chapter VII and the end of the compensation file. He added, Iraq’s fulfillment of its international obligations represents a starting point,” stressing that “we will spare no effort to support Iraq’s sovereignty, independence and territorial integrity.” *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: The citizens are fed up and we want to go back to the 2003 rate...citizens are tired of suffering. CBI better do something. Citizens are complaining. FRANK: That's very good - Your voice and you're doing it peacefully...keep it loud and peaceful... FIREFLY: They're protesting in the square and they're calling for the CBI to make changes.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy We know there's a lot of chatter going on. We're monitoring it. We're paying attention. I still think it's just going to go up in increments. There's a lot of meetings going on. Parliament is meeting. We're still waiting to form the new government. It's kind of hard to get anything taken care of when there's so many delays in there without a new government...But there definitely is a lot of talk about a rate change...there's definitely something that's going to happen in 2022. Will it be an RI or an RV? It's very possible...IMO it's gonna happen in increments...let's keep an eye on it and see what happens. *** NORV [aka Kaperoni] Article quotes: "the economic expert, Sabah Alo, called on the government to take a decision to float the Iraqi dinar, similar to the Egyptian experience of floating the pound."; "It is better that a decision be taken to float the Iraqi dinar and stop selling the currency at auction and the Central Bank of Iraq,"; "The core issue to support the dinar is the presence of local productivity" The dinar...may go up in value, but it will never significantly overnight RV.
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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 Article: "Iraq's Supreme Court Rules Against KRG oil Independence" The FSC (Federal Supreme Court) surprised everyone last week by giving 4 major verdicts on long-standing legal disputes between Baghdad and Erbil...ruled that Kurdistan regional government's independent oil sector is unconstitutional...[NOTE: This impacts the HCL] ** Mnt Goat We...witnessed in this news period that the House of Representatives set a date for a meeting with the Minister of Finance and the Governor of the Central Bank in order to discuss the dollar exchange rate. Yes, exchange rate...It’s all now about the exchange rate...the Minister of Finance did not show for the scheduled meeting. His meeting was rescheduled for a later date this week. ** Kaperoni The central bank governor made it clear this weekend they are in charge of monetary policy and the dinar exchange rate, not politicians or political blocs...What is so amazing is how Iraq in so many ways tries to take shortcuts. And in this case, many just want to raise the value of the dinar. It doesn't work that way! If all these political figures want the dinar value to increase, they should work together to create and pass laws to encourage investment, encourage diversification and local production. Then, when they succeed the CBI will have no choice but to raise the value as a result.
