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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: "Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching". A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements...These items have serious implications for the future. They are working like a government that has the people on their agenda. [Post 1 of 2] *** Militiaman Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next...The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo [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 ** Mark I am hearing great things out of Iraq, but their value has not changed yet...the only RV news for the day is Sadr has summoned the finance minister and the CBI Governor to meet on the 12th of May. ** Kaperoni Former deputy CBI gov and economic adviser to the PM Muhammed Salih stated that Iraq is worth about $16 trillion dollars including oil and all minerals in the ground. So there...$16 trillion dollars! ** Pimpy Article: "Al-Kazemi's advisor puts forward a proposal to double growth rates". Oh, yeah baby! That's what we want to see! Quote: "Saleh proposed on Saturday to raise the volume of investment in six sectors to double growth rates..." ...Iraq needs to take that money that they make from the oil revenue and start rebuilding a lot of the different sectors...which has been happening ever since Al-Kazemi has been in office...if we're thinking about changing the overall exchange rate of the Iraqi dinar you must first have a very secure economy...the private sectors - let's get them rocking and rolling!
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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: "Iraq...Ambiguity surrounding the 2022 budget" What's in the budget... the new exchange rate...Quote: "calls to restore the exchange rate of the dinar against the dollar to its previous era." There is no ambiguity. *** Militiaman Sadr...gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form a government with the Sadr's block. An article suggests that the Independents could actually get on board within days and wa-laa here we are seeing them meeting tomorrow...there was approximately 220 seats under Sadr that didn't get him the 2/3 majority. But, if the independents come on board adding 35+- seats may give Sadr what he needs to form the government.
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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 It's kind of hard to figure out what direction Iraq is going to go into without the new government there. You're not going to see any kind of rate change until this government is formed and firmly on its feet and running. That's just a cold hard truth...I'm not trying to be the bearer of bad news I'm the one that's just saying let's stay grounded... *** Frank26 Article: "After the failure of the coordination framework to form it... Al-Sadr calls on independent representatives to form a government without Sadrist ministers" "Independent MPs will meet next week to discuss the Sadr and Framework initiatives" They're telling you, 'we have a political agreement. We've had it' ...this political agreement will lead to a seated government, will lead to the budget, will lead to reforms, will lead to the white papers, will lead to the new exchange rate, will lead to the small category notes for the citizens. The new exchange rate is mainly for the external outside usage where the NSCN are for the citizens inside of 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 *** Article: "International Monetary: Iraq's Revenues Will Reach Nearly 150 Billion Dollars In 2022". This is awesome, awesome news. This is something that people should be excited about because this is a big portion of a good reason to change the exchange rate (but not all the reasons)...Quote: "the IMF expected that Iraq will achieve a jump in it's public revenues during the 2022 year...with annual change rate of 73% over the 2021 year." That is phenomenal. That's a huge jump. *********This is a real positive coming from Pimpy..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question: "Wouldn't it make more sense for them to come out at $3 or $4 to 1 right off the bat instead of a $1.50 or $2.00 since their economy is way better than it's been since 1970?" Well no because you have to factor in the REER [Real effective exchange rate]... *** Mnt Goat Article: "ALLIANCE FOR THE PEOPLE ANNOUNCES THE SUBMISSION OF A REQUEST TO HOLD A SESSION FOR THE ELECTION OF THE PRESIDENT OF THE REPUBLIC" Quote: "...includes collecting signatures to hold a session on Saturday, May 7th the next step is to come up with a political solution to complete the parliamentary committees and pass the budget law.." Wow..! I did not know they wanted to also pass the budget law on May 7th as well and vote on the new president. This is a BIG day for Iraq. Good Sunday Morning 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 Article: "Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt" VICTORY FOR THE MONETARY 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 *** Godlover Article: "Parliamentary Finance: Completion of 90% of the sections of the Food Security Law". We do not want to see this law passed, at least not without the general budget... *** Pimpy People ask me do I have any concerns whatsoever about the Iraqi dinar...if they can't get their crap together let's be honest, the rate is never going to change...but one of the thing that I am keeping an eye on that's bothering me is the fact that Iraq is in a huge rush to launch their version of the central bank digital currency because I'm curious how that's going to affect us who are holding on to the paper version of the Iraq dinar, the IQD. I'm digging into that. Once I get that information I will share with you...We're going to see Iraq grow. They're doing it by leaps and bounds. Look how far they come just since Al-Kazemi took over...
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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 ...I am still being told my the CBI that when the govt is completed and stable Iraq will complete the project to delete the zeros and then we know what comes next. So be patient... *** Pimpy I've said this time and time again some of the biggest problems we have with the Iraqi dinar changing in value is the fact that the government is not stable. It's filled with corruption, we have to be careful about civil unrest...we gotta make sure that Iran keeps their two cents out of the country, we gotta make sure the US keeps their two cents out of the country... *** Kaperoni The dinar value is determined by the central bank and is based on Iraq's GDP, currency in circulation and reserves...Until Iraq meets and accepts the conditions of IMF Article 8 most financial institutions will not do transactions in dinar. More or less Article 8 is an indication that their financial system meets international compliance...Iraq can engage with any country or banking system throughout the world if they wanted to now. But most do not because Iraq is still in Article 14 which is in essence a developmental stage. ** Mark I had an interesting call with a military contact this morning first thing... They are looking for the implosion of the sitting government within a very short time…and they are expecting that to be the trigger...It came from more than one source…my military contacts think the implosion and the reset will be in the month of May. I am encouraged after my calls this morning...I’m not ruling out it could happen before…i was just telling you what contacts in the military are saying. Definitely another Mark rumor that sounds like nonsense - like our military would know if the Iraqi GOI was going to implode - whatever that's supposed to mean...! It was out there so I thought what the heck, and brought it over. *** Frank26 Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" FINANCIAL SITUATION IS VERY GOOD BECAUSE THE MONETARY REFORM IS VERY GOOD...NOTICE FINANCE COMMITTEE GOES TO WASHINGTON DC LAST WEEK THEN THE IMF/WB GO TO BAGHDAD.
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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: "The highest since its establishment.. Central Bank of Iraq assets (in numbers)" Quote: "the value of the Central Bank's assets is the highest since its establishment, which gives reassurance to the situation and stability of the Iraqi currency during the coming period, which is expected to witness further increases in the Central Bank's assets as a result of the rise in oil sales revenues..." ** Mark [Q? : Please explain why the white papers are important?] The white papers are the financial reforms in Iraq. In these is the new budget, food security, and lots of things including the new rate for the Iraqi dinar. In these papers they are creating a platform for them to have an asset backed currency with a higher value. …That is why the implementation of the white papers are important...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Clare Question: "Do I remember correctly that the caretaker gov't can become the seated gov't by Kazemi making it so?" YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCEMENT OF THE NEW GOV. EVEN WITH KAZEMI...THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO *** Samson Article: "Iraq... Ambiguity surrounding the 2022 budget" Quote: "one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,"...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "America warns of an obstacle impeding the development of the relationship between Baghdad and Washington" Now the United States is warning Iraq about their current political situation...obviously you got to have an established government. Who do you deal with? Do you deal with the intern government...and try to make deals or do you wait for the new government? This is one of the reasons why we won't see a rate change happen anytime soon...
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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 MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120 THOUSAND (1200) IN THE 2022 BUDGET" - The CBI does not intend to reduce the exchange rate of the dinar, thus raise the value of the dinar back to the pre-December 2020 rate. [Q?: Why would they even do this change back to 120 if they already know of a plan to significantly raise the rate (not the value) of the dinar and conduct the project to delete the zeros?]... We know the VALUE is already in the dinar only they are suppressing the nominal rate and holding back the reinstatement until they can see a stable government.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Walkingstick & Petra Question: "In your opinion how high can the rate go?" No higher than the AAD...right now their goal is to move away from the USD...What is the rate of the AAD right now? 3.1 but it will fluctuate like all currencies daily. Petra - The AAD is = to IMF SDR...which equals $1.36 x 3 ** Samson Article: "Iraq exceeds the Arab countries in the growth rate.. IMF: GDP willreach 9.5%"
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Clare Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" GREAT ARTICLE! ...meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad.
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Thursday Early Afternoon Opinion - 12:00 PM CDT - 4/21/2022
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 ** Godlover [Comment from Frank26:]"INSIDE OF THIS MONTH OF APRIL...IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ..." Hopefully this be a new seated government, or the current caretaker government will have been voted by parliament to remain another year or so per many articles. Then they will have the authority to send the general budget to parliament. Or could this be about the new food security law that has been a very hot topic of late? Time will tell. ** Pimpy Article: "70 private banks in Iraq - and the World Bank expects it to be ranked first in the Arab world in growth" Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news...this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil. This is great news. This looks very good as long as they can stick to reforms, don't rush the exchange because if you do it could be a setback and they will end up waiting years. -
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 It looks like there is finally a breakthrough in forming the new government ...The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will remain in place. This is fantastic news...Not only Sadr but Kazemi and Saleh both support the anti-corruption efforts. WOW! Folks this is our path to the reinstatement...IMO.! *** Militiaman Article: "Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?" My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find out in short order to support that fact again, imo. The UST, IMF-WB meetings...over the last week imo will bare fruit and likely large fruit. So plentiful that the citizens will be fed for generations to come... Imo I.E.. 2022 Budget with new exchange rate to be exposed back to a previous era.
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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 Everybody's wanting to know about the Iraqi rate change. I'm going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector - that is not going to happen. I know that's not a popular thing to say but...we stay grounded. I'm not here to blow smoke up your butt. I'm here to just be realistic about this investment... ** Frank26 Article: "The Dollar Exchange Rate That Will Be Approved In The 2022 Budget " WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET... WHEN YOU ALREADY HAVE AN EXCHANGE RATE... UNLESS YOU'RE GOING TO CHANGE 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 *** Pimpy Yep more rate change conversation. They're out there talking about their rate exchange again...This seems to be the talk of the town. Article: "Finance responses to news of its discussion to reduce the dollar exchange rate" Before we had a lot of discussion about the rate change. That's obviously died down a little but I think it was interesting that there was article after article talking about a rate change given the fact that oil prices we up in a big way...$150/barrel that's supposed to be happening shortly. If the projections are correct then Iraq is going to have a lot more money than they had anticipated...which is what you want... *** Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] ...what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023. [Post 1 of 2...REPOSTED] *** Kaperoni This is proposed and of course it directly is related to Iraq forming a new government prior...the Central Bank of Iraq would have to accept the proposal. But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented. [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 *** Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] ...what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023. [Post 1 of 2....stay tuned] *** Godlover Question: ["don't we need the rate before the budget passes and is opened???"] I have always had it in my mind that everything would be completed prior to the budget opening. So yes I do believe the rate should be figured into the budget prior, I just am not a fan of the theory that it will be exposed prior to the budget opening...If a new rate is figured within a said budget, I don't see the logic of the new rate being usable prior to the said budget being opened. The budget is based off of expenditures/finances in a specific rate. I am a firm believer that the budget opening & the CBI announcement (per se), will happen at the same time...pure speculation until proven otherwise. *** Clare Article: "Overtaking Qatar, Saudi Arabia and the UAE... Iraq is the first in terms of GDP growth and per capita" THIS IS REALLY GREAT! IMO AND THIS IS FOR 2022... ACCORDING TO THE ARTICLE.
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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: "Cities of Iraq witness demonstrations calling for the speedy formation of the government" When people are going 'Oh man we got all kinds of money coming in Iraq. We're going to do the rate change!' No, No you're not...you have to have a stable government, a stable economy and there has to be peace there not civil unrest. Until all this stuff gets squashed and we move forward with a government that's formed, a budget that's passed and the people are not protesting, you're not going to see any rate change...
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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 **Godlover As far as the budget is concerned, my thinking is that if the current government was able to send the budget to parliament, they would have long ago. After all, there is no reason for them not to have already imo. Furthermore, the food security law seems to be a bypass if you will, to open a mini budget in replacement to the general budget. Something I think is a red flag. ** Kaperoni A new set of documents completely describing the intent/plan for the dinar has been discovered... they may issue a new dinar currency next year in 2023. The new dinar will...be without zeros. Citizens will exchange their current dinar for the new dinar at 1000 to 1. The new dinar will float and be pegged to a basket of currencies, primarily the Middle East. The switch from the current Iraqi dinar to this new dinar is a neutral event. In essence a LOP. [Post 1 of 2] Where did these new documents come from - it doesnt make any sense since they spent millions to print the new LD's - unless the LD's are the ones he's talking about. Ron ** Kaperoni 1000 current dinar to 1 new dinar is the exchange. The value of 1 new dinar is recommended to be $0.50 cents. In other words, if you exchanged 1 million current Iraqi dinar for the new dinar it would be worth $500 US dollars. There is no gain. All of these specifics are nothing more than a proposal at this time by prominent economists in Iraq. This proposal was submitted to the central bank for implementation beginning of 2023. It is not official. [Post 2 of 2] This is an ugly plan for us because we really lose our investment - big time. Most of us paid $1,000-$1,200 per million - that's a significant loss. Ron ** Pimpy Good news when it comes to the economy [of Iraq] as well as non-oil sector... Article: "The World Bank announces in numbers the recovery of Iraqi economy" It's looking really good... Quote: "noting that the recovery was mainly driven by the non-oil sector... telecom...transportation, accommodation and retail sectors...". That's what we want to hear...all of this strengthens the dinar... ** Kaperoni Community comment: "Feels like it was all a scam, and once again, I was a sucker. Don’t think I will ever get rid of it, just in case, but, it sure has been a Looooooong time, and nothing looks to have changed." The idea of overnight riches by buying dinar is a scam. Can the dinar appreciate in value? Yes, it is well documented that it can if Iraq builds an economy.
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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 ** Godlover Article: "Parliamentary Finance: The draft food security law will be merged with the budget if this happens" This new food security law is talked about a lot lately...I had mentioned ...that an article spoke of this law having a mini budget included. That article also had stated that it would be a substitute for the general budget...I am starting to think that this new law & the possible mini budget will likely pass & be used to get them through until the 2022 budget is passed further down the road. ** Nader From The Mid East Al-Kazemi refused to send the '22 budget to the parliament. The reason they said they will wait for the new government to take place for them to send the budget. But we don't know when this freaking government is going to take. They can't even vote for a government...I don't know if Maliki is going to be the prime minister or not. I don't think so. I hope not. I hope Kazemi stay. Maybe they play a game...I don't know what they're doing...[Post 1 of 2] ** Nader From The Mid East I hope they change their mind and they send the budget to parliament today or tomorrow...I don't know what's in the budget. I don't know what's the rate. It can be 1450 or 1460. Can be 1160...can be 1. We don't know what's going on...we're getting frustrated with everything. There's a lot of demonstration going on...[Post 2 of 2] ** Frank26 Article: "Industry: Iraq is the world's first in sulfur reserves" IT'S NOT JUST OIL!!! They also have one of the largest natural gas reserves as well..! 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 *** Mark Article: “Parliament will ask the government to send the 2022 budget." This is positive news out of Iraq. They say the old government is still the current government because they have failed to replace them. They want the budget now so they can approve it…Budget equals rate increase...IMO.. So that is solid news from Iraq today. So all eyes will be watching Iraq do something…hopefully tomorrow on the budget...We do not know the timing of any RV/RI but it is getting closer...IMO ***Pimpy Still got the issue of trying to establish a government. Right now we're still in that time period that Sadr gave the Coordination Framework. There's a lot of outside interest coming in and trying to influence and rush this process which is exactly what Sadr did not want to happen...I will be extremely curious as to Sadr's move when he's done with his 40 days of silence...the bad news...a president has not been selected. The good news is that Saleh is still president and Al-Kazemi Prime Minister. And both seem to be kicking butt.
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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: "Parliamentary Investment: We will monitor the process of pumping currency into the market" Lets think about the part about the helping of the citizens. They were hurt the most and may benefit largely with a Re Instatement of the IQD. As for liquidity for the street. Didn't they spend $10s of millions of dollars in printing new currency in 2018? Yes, they did. They were not three zero notes, imo. They were NSCNs and likely fils , as noted by the $54 million spent for currency issuance 08/31/2018 per the CBI. WE also watched the video showing the were destroying 3 zero notes around that time frame. [Post 1 of 2] *** Militiaman Okay, then [for them] do to delays that may need to be addressed in the short term of liquidity issues. Or could it be that they want to use what good currency left of the three zero notes they have on hand to help line the pockets of the poor? ...Lets say they issue more three zero notes - then, once completed, they RI to a previous era. The poor get a serious stimulus package for all the suffering they have had to endure. The NSCN's also under scrutiny, can follow along with the new digital systems...? We shall see.. imo I have a hard time believing that at this stage 3 zero notes are for longevity... JMTC..! [Post 2 of 2] Considering what MilitiaMan has just pointed out - what better time is there to do something for the Iraqi citizens - Ramadan..! Just saying, it's something to think about...! RON
