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  1. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** RVAlready Article: "The House of Representatives ends its deliberative session and postpones the election of the President of the Republic" [It's official, no vote today] I can’t see continuing the caretaker government indefinitely….I think the federal court will step in, if the stalemate continues…Usually, when the legislative branch causes a constitutional crisis, the judiciary steps in to solve the problem. ** Kaperoni If the dinar is ever going to go up in value (which I expect), it will be based on economic growth and success of Iraq's economy. Iraq has work to do by forming a gov, passing laws, creating a suitable investment environment...Iraq devalued the dinar about a year ago to encourage production in country and to reduce imports. So it's clear until that changes and Iraq starts manufacturing their own goods, products and agriculture there would be no reason to raise the value of the dinar... ** Pimpy I heard rumors that you were told that there's a time limit on it. There's no time limit on it. There's no tier one. There's no tier two. There's no special arrangement. You just take the currency in and get it exchanged. Whether it's at the bank or the foreign currency exchange place. There's no redemption centers. There's no 800 numbers...there's no secret intel people. One person knows when it's gonna happen and one person only and he was mentioned in the article...hang tight and stay grounded.
  2. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Clare TAKE NOTE EVERYONE: Article: “Legal expert Ahmed Al-Abadi revealed that if Parliament fails to pass the President of the Republic, the current president will continue his duties normally, until the next elections are held after 4 years”. AND PARLIAMENT HAS BEEN VOTED IN AND THEY ARE WORKING…IMO. *** Godlover I believe we will have our answer within the first quarter, good or bad. I expect the government to be seated, budget read, voted on & passed by parliament within the first quarter. The opening of the 2022 budget is the ultimate thing I look for. Whatever it opens at, I believe will be the rate they use for the whole year. Not much here ...!
  3. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON Hi guys, here'e a post of Adam's that was taken from another site that follows him and posts snippets of Adam's opinions and comments. It's posted here just in case you missed it here on Dinar Vets. RON *** Adam Montana *** ...I believe in what Iraq has in their future, and that's a revalue...I doubt it will be $8, but I'm ok with that if that's what happens! Give me .10 or $1. That's fine by me. .. I'm with you there Adam ... Anything real at this point ... RON *** Frank26 Article: "A deputy directs 4 questions to Al-Kazemi regarding the exchange rate and the financial abundance achieved.. 'Document' ” QUESTIONS TO KAZEMI ABOUT THE MONETARY REFORM… WHY NOW..?
  4. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "Brent crude jumps above $92" This is awesome for Iraq...they have had a huge inflow of money...if they budgeted oil at $55 and it's coming in at $92 they're gonna have a huge surplus...they don't have to pay no more money to Kuwait so now that money stays in pocket. The reserves are built up. This is looking good you guys...they need to get away from relying so much on oil to pay for everything. I think that's one of the biggest hurdles they're having to deal with in order for them to do an exchange rate change... *** Paulette The “UNCC” is meeting on the 9th…It is anticipated that the UNCC will formulate a Resolution in conjunction with reviewing the Final Report regarding Iraqi compensation to Kuwait to be presented to the UNSC…. The presentation and review and hopefully vote on the Resolution if presented is currently scheduled for the 22nd before the UNSC...Additionally, Interim reports regarding the two Chapter VI sanctions will be presented to and reviewed by the UNSC on the 24th….
  5. 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 line item in this budget IMO has a new exchange rate and that's why they need the laws to pass it. If it was not a new exchange rate they wouldn't be passing the laws to open it. ** Ray Article: "The Federal Court rejects the appeal of the coordination framework regarding the largest parliamentary bloc." [What does this mean to us] IT MEANS THAT SADR CAN NOW MOVE FORWARD WITH HIS PLAN UNINHIBITED.
  6. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram *** Unbelievable income from oil exports in the first month of this year January 2022. Article: "Ministry of oil: Last month's revenues amounted to more than $8 billion" At the beginning of the week crude oil reached $91.20 cents per barrel...world economists are saying oil will reach $100 a barrel in the coming days...
  7. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** RVAlready Article: "The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate" Remember, this is just grandstanding. A few things to think on: Parliament does not set rates. CBI does. It does not matter to us what the dinar rate is in Iraq. The US rate will be set in accordance with treaty and 50 year oil future projections. The CBI asserted its right as the sole authority in setting rates just a few weeks ago...
  8. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Coordination framework: Our next priority is to return the exchange rate to its previous era" Priority - exchange rate first! Quote: '...the coordination framework is moving towards returning the dollar exchange rate to its previous rate, noting that the survival of the exchange rate is a crime against the poor.' WOW...what a statement..! *** Sandy Ingram These are speculation numbers to help you understand Iraq's vast wealth potential...The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita...
  9. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar" Here's the talk of the town. Everybody's talking about a rate change...I still think what's going to happen is you're going to see the dinar go up in value but it's going to happen in increments and it's going to happen over a period of time. *** Nader From The Mid East Here's the good news. From here till next week the rate will go up. I don't know if they're going to RV it or RI it. Or I have no idea if they're going to the 'previous' it. The previous is 1160, but I think they're going to put it at 1150. I hope they RV it...I know something is going to happen this week or by next week. I know for sure yes...they keep saying they're going to do, they're going to do it, they're going to do it but we don't know when they're going to do it.
  10. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat *** Articles: "ECONOMIST: IRAQ MAY GET HALF A TRILLION DOLLARS ANNUALLY IF IT IS LINKED TO THE SILK ROAD"; "THE SILK ROAD ON THE {MORNING} TABLE PENETRATES 70 COUNTRIES AND REVIVES IRAQ’S ROLE IN INTERNATIONAL TRADE" Did I not say already many times the objective of using Iraq is for a global trade clearing house for the middle east? Well here it is... Can you imagine the revenues? Not only oil revenue but revenue from customs and tariffs and now tax revenues from companies and individuals and then the hotel and tourism. Oh…but wait Iraq still has a 1/6 of a penny dinar... 😃****
  11. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "A GOVERNMENT MOVE TO FORM A SOVEREIGN FUND IN IRAQ THAT WAS SUPPOSED TO WORK 18 YEARS AGO" This is all part of the financial stability we are now seeing develop in Iraq. They need stability and security…remember? Could the elite finally have had their share of raping the wealth out of Iraq and are now backing off? Why are so many issues now being addressed that have not been addressed since 2003?...This is not business as usual..!
  12. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** MilitiaMan Article: "Iraqi ports confirm that no port in neighboring countries has any impact on Al-Faw" The automation of the port is going to be a money machine! Likely the next Dubai in context of bigger. Once they go international with their REER (Real Effective Exchange Rate) , the amount of money will likely compete with the oil revenues...Iraq will have a sovereign wealth fund that will be massive in the future. They’ll be able to support their exchange rate easily.. It will be GLORIOUS.. Like the good ole days..
  13. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat *** Article: "RETURNING THE DOLLAR EXCHANGE TO ITS PREVIOUS PRICE IS ONE OF OUR PRIORITIES" ...let me remind you what the phrase “returning the dollar’s exchange rate to its previous price” means. Some authors do mean from 1450 back to the 1120 program rate, but IMO the CBI means back to the “Glory Days”...If the CBI wanted to revalue back to the old program rate of 1120 they would have done it already in December 2021. They do not need any change in the government to revert it back it...So, this alone tells us that something different is about to happen. They are going to get out of the program rate. This is not business as usual.
  14. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** BobTheTaxMan This is a government process. This is going to go through a series of things they've got to accomplish. They did get Kuwait taken care of...we are in a really good position for this to come to fruition... *** Frank26 Article: "His Excellency Dr. Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, delivers a speech at the opening of the Work of the Seventh Meeting of The Undersecretaries of Arab Ministries of Finance" The CBI has turned in the official documentations for the RI. Quote: "The meeting was attended by the undersecretaries of the miniseries of finance in the Arab countries and experts from the International Monetary Fund, the World Bank...in addition to the Arab Monetary Fund..." Everybody's there...they are admitting what they are doing...
  15. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "The Framework Pledges To Restore The Price Of The Dollar To It's Previous Era 'As Soon As Possible'" 'Previous era' I'm sorry that was not December 20, 2021...it cannot be an 'era' ...what the CBI is telling the citizens of Iraq and their education is very clear. Quote: "...restoring the dollar exchange rate to its previous price is a basic requirement." Soon is now...The Father of all articles.
  16. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram Several of you asked..."How Iraq is planning to build new schools, increase oil production and build new factories when the Iraqi dinar is worth so little?" The answer is oil revenue is paid in U.S. dollars. The Iraqi government is taking US dollar and growing the country using Iraqi dinars...Iraq's oil revenue each month is in the billions of U.S. dollars... *** butterfly OK...here is what we have been looking for folks...OMG...this is good news for them and us...Article: "Al-Fatlawi: The 2022 Budget Will Not Be Passed Until The Dollar Is Returned To Its Old Price" Quotes: "...The Draft Budget Law For The Year 2022 Will Not Be Passed Until After An Important Condition Is Met...The Iraqi Parliament, Will Work To Restore The Dollar Exchange Rate To Its Old Price, And Otherwise, It Will Not Allow The Passage Of The 2022 Budget Bill Until After This Condition Is Achieved..." ...If I'm right, which I hope I am, for all...the amount, if memory serves me, right around 2.85. All the Iraqi's were doing good with that amount even though they were under a dictatorship. *** Nader From The Mid East When I told you end of January beginning of February that's what's gonna happen. If they decide to put it back 2003 something like that would be $1.00 - $1.50; yes but if they talking about the 'previous' it's 1170...
  17. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "THE CENTRAL BANK OF IRAQ: AN UNPRECEDENTED RISE IN FOREIGN RESERVES" Of course we already knew that the CBI has an unprecedented amount of foreign reserves. How do we know? They told us over a month ago...So are they telling us again? Is this to reinforce the coming revaluation and reinstatement of the dinar?... *** Vital Brad You're gonna want to have plans as far as trusts or different banking partners because they're going to want to get their cut on it. The international rate is going to come out at whatever rate it's going to come out at but they're going to try to take points off of it and put it in their pocket. I think it could come down to what you're willing to take, what you're willing to negotiate, how much you have. It's going to be an interesting process as we're trading it in, exchanging it. Definitely have yourself some good lawyers, a good team of financial [advisors], CPAs - a good team behind you before you do anything because we're going to be blessed with wealth. How quick is it going to be gone...? *** Frank26 We know we're all set with the monetary reform and we're waiting for the government to sit itself down, pass the laws, open the budget because that piñata - as soon as they bust that budget open it's going to spill candy all of over the place for everybody in Iraq...We're waiting for them to move their "REER"..!
  18. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Nader From The Mid East The foreign reserves gone up to 200 billion. It's going to come out soon. *** MilitiaMan Article: "Demanding action to release frozen assets abroad" The release of frozen funds may have a profound impact on the REER (Real Effective Exchange Rate) imo... We have heard there is in the tune of $100s of billions in wealth. Reactivating banks abroad is not imo going to be a with a program rate. They already have good reserves, adding more just makes the pie all the sweeter. imo...
  19. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Kaperoni Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." an article about reducing the exchange rate...They're talking about bringing it back to what it was a year ago that's 1170 to $1. There is no RV. This is only "Kap's opinion" as to what they mean when they speak of reducing the exchange rate. Time will tell and we shall see..! RON *** Nader From The Mid East If anything happened it's not gonna be 1 to 1...it's gonna be between 800 and 1000 and then it's gonna float. Then it's gonna take some time, maybe 6 months to get up to $1.50 - $3.00...be happy. It's going to happen.
  20. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "State of Law: We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate". What!?! Holy guacamole! ...That would be Kazemi talking to parliament. Quote: "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it at the present time" ...the CBI said if you're not ready parliament, we are not waiting for you. *** Mnt Goat ...There is nothing but good articles this period once again reinforcing the notion that Iraq must do something with their currency revaluation and do it very soon...There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate to reflect the TRUE value of the dinar...
  21. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Specialist Calls On MPs To Fulfill The Return Of The Dollar Exchange Rate" Say it with me, 'Praise God!' You promised parliament to sit and open the budget with an exchange rate not of this era! Quote: "Promises they made themselves regarding the follow-up of the file to the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era." ...the previous era was not December 20, 2020 when they lowered it to pay bills...take our exchange rate back to the previous era...back in the 1940s. Which is what? $3.22 to 1 American dollar...Wishful thinking Frank...!
  22. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article... [Note: about article title: Raising the dollar exchange rate from Iraq's perspective is making the dinar rate go down.] *** MilitiaMan ...we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work...To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER...Plain an simple imo...So, the CBI needs to talk and walk all at the same time...imo.. It’s coming...imo..
  23. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Vital Brad *** Article: "Adviser to the Prime Minister: Iraq's 'payable' debts do not exceed $20 billion" Iraq has been on a list that's the highest risk countries to do business with based on terrorism. Quote: 'Iraq has proven that it is free of money laundering and has been raised from the list of high risks...' They're off that list...international markets! Quote: "The European Union removed the name of Iraq from the list of counties with risk reading the fight against terrorism and money laundering...' They're off the list. Yes!...that's exciting.
  24. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 All I want is the new rate and the new notes. You won't get them until at least this government is seated...Let's see what happens. We know what we read in an article, [The mother of all articles the CBI says if you're not ready GOI to heck with it we'll take care of it...] ** MilitiaMan ...All looks very very very good. The private sector and or market economy will require a REER [real effective exchange rate]. The USA embassy has today commented on the support for Iraq to do international trade. Even with China. So, lets see what gives. My view is we are very close to seeing it... ** Frank26 Article: "World Bank: Iraq will witness the highest economic growth among the Arab counties within 2 years" Seriously? At a program rate? At a used toilet paper program rate? Really? The writing is on the wall...it is in print. It's not my opinion. It is the opinion of the Central bank of Iraq that they're going to raise the value of their currency as soon as the government is seated and if the government is horsing around and they're not seated the CBI is still going to move forward whether they like it or not. It's that simple.
  25. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Kaperoni Article quote: "Iraq's new parliament elects Sunni lawmaker Mohammed al-Halbousi as speaker, marking an important step towards establishing a new government.." *** Sandy Ingram The world bank reports that over the last decade Iraq's oil revenues have amounted for more than 99% of exports and 85% of the government's budget and 42% of the GDP. Based on the World Bank's recommendation when the country provides a higher percentage of income and jobs outside of the oil then we can look for a possible float in the Iraqi dinar...
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