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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 *** There are tons and tons of articles...about the exchange rate. They want accountability. They want to know what's going on. They want to know why it is that oil prices have been shooting up but the dinar rate still stays the same...we know the budget hasn't been voted on yet so who knows maybe they will make a change to the rate in there... *** Mnt Goat *** Article: "IRAQ’S FOREIGN RESERVES ARE A TREASURE IN A RUINED HOUSE" Ok, so we finally get the truth. This is translated to USD $91 billion. Didn’t the fake Iraqi news media just tell us earlier...it was only USD $64 billion? ...I told everyone many times this was much, much higher and they were not giving us the correct information. But now the truth is out...
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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 *** Sheila History of currency revaluations - up and down - are documented, especially war-based currency history. Iraqi Dinar is just one of the latest in the historical stories to be written. It's not "if", it's "when" and "how much". *** Jeff The Central Bank is telling us at this time especially through the fact that they're working on doing a three-year budget, the reforms, everything else that they are on track to revalue the currency. We do know they have to form the government first... ** Mark Ideally they've said in the past that they wanted to do this on a 3 day weekend…and we now have a 3 day weekend with Presidents day Who's 3-day weekend, Ours or Theirs???…My Iraqi contacts are still looking at the 22nd. ??? They have been looking at this date for some time now. And Kazemi in articles is talking about how they need to reinstate their rate…it’s hurting the poor. This article was yesterday in Baghdad news…very positive. *** Nader From The Mid East Yesterday afternoon the parliament had a meeting with the CBI. They're gonna ask him maybe to change the rate. I don't know what's gonna happen but something is gonna happen. Sadr's been pushing so we'll see what's going on...everyone is expecting something to happen this month. We don't know the date exactly. It can be tomorrow...it can be next month...[Post 1 of 2] *** Nader From The Mid East Here's what the CEO of the CBI said. He said if they put the price up on the dinar it's going to hurt the economy. It's going to effect the money box of the state of Iraq which I think they're talking about a reserve. He said it's not going to be easy to change the exchange rate but the parliament invite them immediately Saturday morning. You have to be here with your partners, CEO director, manager, supervisor everybody's going to be in the parliament. We don't know what's going on. We hope something is going to happen...[Post 2 of 2] *** Fleming ...The Iraq Government, along with Iraq’s Central Bank, are under huge pressure to get this RV done right now. Not right now, but RIGHT NOW..! The reasons are absolute and can’t be changed, delayed, or put on hold. There’s no stopping this jet train which has left the station running at Quantum Speed... *** Frank26 Article: "After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank" Quote: "Al-Sadr had presented, earlier today, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately" Immediately! Quote: "Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."
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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: "AFTER PAYING ALL COMPENSATION TO KUWAIT… HAS THE IRAQI ECONOMY BEEN LIBERATED?" ...removal from Chapter VII and movement to operating under Chapter VI will change the economy of Iraq...Operating under Chapter VI of the Charter will liberate the Iraqi banking system and integrate it with the global banking system, something that could not have fully happened while under Chapter VII..[post 1 of 2]. *** Mnt Goat ...prior to this release any financial returns in hard currency (oil revenues) did not go directly to Iraq, but through the United States Federal Bank. So, in the future, oil revenues will go directly to Iraqi Central Bank (CBI)...Do you see where this is going? On Feb 9 in a UN council meeting, it was decided that the UN would release Iraq from all Chapter VII sanctions on Feb 22. In this case the US Treasury OFAC sanctions should also be released as well as any sanctions by the EU.. [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 *** Pimpy *** There's a lot of outrageous claims coming out about the rate. I'm hearing anything from...$3.22 to as high as $11 frpm idiot gurus. Come on you guys they can't do that. You gotta think about how many dinars are in circulation and multiply it by that number. Do you think Iraq has that kind of money laying around..? They don't. There's no $11. There's no... $9.26. I don't know how these guys came up with such an oddball number...stay grounded and take everything with a grain of salt... *** Frank26 *** Article: "Al-Hilali: Parliamentary movement to return the exchange rate to its previous era“ IT IS NOT FOR YOU TO TAKE CREDIT PARLIAMENT...It's the CBI..!
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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: "U.N. Security Council Votes to Remove Iraq from Chapter VII Sanctions" Quote: "The 15-member United Nations Security Council unanimously agreed on June 27, 2013 to remove Iraq from Chapter VII sanctions" IMO THIS IS AN ANNOUNCEMENT OF THE DISSOLUTION OF THE COMMITTEE FOR THE PAYMENTS BECAUSE PAYMENTS ARE DONE! … LIKE THE ARTICLE HAS SAID … THAT IS DIRECTLY FROM THEM… THE DETAILS SURROUNDING ALL OF IRAQ’S FILES WITH THE UN – NONE OF US REALLY KNOW…YES…. WHAT HAPPENS ON 2/22/22 REMAINS TO BE SEEN...IT IS AN INTERESTING DATE FOR SURE! *** Godlover Community Comment: "Has anyone thought about the possibility that the expression “previous era” is just a translation thing..that adheres more to the 2020 rate?" Well, certainly to me it is looking as though that is probably going to be the case imo...My views would be a little different if there was any evidence on the NSCN’s &/or training, but there just isn’t any to date... *** RVAlready One thing to remember in these crazy revaluation stories: The Iraq public have been shown the new lower denomination notes. In order for those notes to be effective, the CBI must reduce the exchange rate to less than 10 to 1.
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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: from November 2021..WOW! "BASRA UNIVERSITY ORGANIZES A PANEL DISCUSSION ON THE PROJECT TO REMOVE ZEROS FROM THE IRAQI CURRENCY" ...this article definitively tells us that the project to delete the zeros is linked to a revaluation and the reinstatement of the dinar...you can’t do one without the other. But why would they be discussing this topic if they were not serious about taking some sort of action to bring back the dinar to a higher value and get off the program rate. This is a recent article only going back to Nov of last year...these articles they tell us when they say” bring back the rate of the dinar to its previous rate”, this is what they mean- to get off the artificial, suppressed rate and give the true rate to reflect the true value. -
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 Iraq is actually stealing money from itself right now. I'm not going to say that it's Kazimi the prime minister and I'm not going to say it's Mustafa [CBI governor]. What it is it's parliament...What are the three things we need - three presidents, one prime minister and the laws to activate the budget. Where is it? Why are these people being so idiotic? Because they don't want to lose power... *** Mnt Goat Article: "The financial advisor talks to “Nas” about the imminent end of the “Chapter Seven” era" When Chapter VII is "finally" closed, the US Treasury will have to lift OFAC sanctions off the Iraqi dinar. We know it and the banks know its coming. We all know what this means... Iraq will be free to reinstate the dinar back on to FOREX. Iraq will no longer need the permission of the IMF and the World Bank to reinstate... Yes, they may want their advice and blessing. Then we go to the bank…
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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 FEDERAL GOVERNMENT SETS THE DATE FOR CONSIDERING THE CASE AGAINST ZEBARI’S CANDIDACY FOR THE PRESIDENCY" Quote: "the Federal Supreme Court announced the date of the lawsuit against accepting the election of the Kurdistan Democratic Party candidate Hoshyar Zebari for the post of President of the Republic as Next Sunday, February 13th." Will we even have to wait until Sunday or will they settle this more quickly? I think they are going to surprise 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... RON *** Mnt Goat Article: "AL-ZAYADI: THE FRAMEWORK IS DETERMINED TO REDUCE THE PRICE OF THE DOLLAR" Quote: '..Muhammad Al-Ziyadi, confirmed...that the coordination framework is determined to reduce the dollar exchange rate in the event that he participates in the political process, pointing out that reducing the price will be one of the conditions for voting on the Prime Minister for the next government." So, we can the parties attempting to “politicize” the revaluation once again but we know that the CBI and Sadr already responded and told us this is under the control of the CBI and is part of the process of the White Paper. These threats will NOT work. *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: This morning TV News Channel One says soon as government names president, which will name the prime minister then the budget will be voted and open and it's likely it's they say that the exchange rate will be changed at that time. FRANK: This is Kazemi and Mustafa talking to the citizens of Iraq . Sit the dog-gone government down...
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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: "Central bank of Egypt governor confirms his desire to visit Iraq and open bank branches" Here is another indication that the Middle East is clearly making efforts to create a financial alliance among the Middle Eastern countries and in doing so investors may be able to exchange Iraqi dinars in safe neighboring countries like Turkey and/or Egypt... Quote: "Egypt governor has confirmed his desire to...open branches of Egyptian Banks in Iraq as well as approve the opening of branches of Iraqi banks in Egypt" *** Fleming ...Iraq is pushing through the necessary steps to have a fully functioning government on February 9th, as required by their Constitution. This will happen without fail. Also without fail, the UNITED NATIONS will welcome Iraq onto the World Stage, open and ready for investment with global corporations...The world is watching and aware of Iraq’s solid footing, and the support the global reckoning provides...
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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 Why do we keep talking about Iraqi oil...? It's because we are hoping the massive oil revenue in U.S. dollars will help Iraq to fix the country's domestic issues and then revalue the currency... *** Godlover Article: "Postponing the election of the President of the Republic after the lack of a quorum" Unfortunately, I am not surprised by this…. *** Pimpy A lot of times when people are having discussions or debates about what the Iraq exchange rate is going to be one of the things that pops up all the time is 'it's really hard to do a rate of $3 because there has been so many dinars created. It's in the trillions. And because of that you're not going to get the rate that everybody's thinking.' But I went through and read several articles and shown that they've taken a lot of that currency out circulation. How much altogether is more of a guesstimation...we find more news about dinars that were damaged or taken out of circulation...$343 million dollars worth...It's out of circulation. We want that.
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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: "FINANCE: THE ECONOMY HAS BEGUN TO RECOVER AS A RESULT OF THE REFORM STEPS IN THE WHITE PAPER" Again I will add that the “White Paper” is what is going to get us the 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 ** 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.
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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 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 ...!
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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 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..?
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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: "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….
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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 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.
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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 *** 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...
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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 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...
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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: "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...
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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: "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.
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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 *** 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... 😃****
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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: "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..!
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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: "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..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat *** Article: "RETURNING THE DOLLAR EXCHANGE TO ITS PREVIOUS PRICE IS ONE OF OUR PRIORITIES" ...let me remind you what the phrase “returning the dollar’s exchange rate to its previous price” means. Some authors do mean from 1450 back to the 1120 program rate, but IMO the CBI means back to the “Glory Days”...If the CBI wanted to revalue back to the old program rate of 1120 they would have done it already in December 2021. They do not need any change in the government to revert it back it...So, this alone tells us that something different is about to happen. They are going to get out of the program rate. This is not business as usual.
