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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Iraq faces 2025 fiscal squeeze as declining oil prices put immense pressure on the nation's budget which has been heavily dependent on oil revenues for decades. The International Monetary Fund has recently issued a stark warning to Iraq cautioning the government's 2025 budget projections may be overly optimistic leaving the country vulnerable if oil prices continue to slide. The Iraqi government has budgeted for crude oil prices to remain stable around $85 per barrel but the global market has seen a recent dip with prices hovering closer to $70 per barrel. Without a substantial increase in non-oil revenue the country may face a fiscal squeeze in 2025. Clare Article: "The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the claim" Quote: "The information that talked about transferring secret safes and vaults that were underground in the old Central Bank of Iraq building on Rashid Street to the new building on Abu Nawas Street during the population census curfew is absolutely incorrect... moving anything to the new building is a normal matter and there is no secrecy in it, and everything is being done under the supervision of the relevant authorities, whether security or otherwise."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "The Central Bank moves its secret vaults to its new building. Clarification of the truth of the claim" Militia Man [Boots on the ground in Iraq update] There is a lot of information about the dinar being worth more. There's a lot of news outlets, even on the TV when it comes to Iraqi news, Channel One and Channel Three, speaking about how worthless the dinar is and how its purchasing power needs to change for the country to develop and to go in the right direction. There is a lot of pressure educating the people. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economist on television is explaining about how a revaluation works. They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow...It's being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies. FRANK: If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "S&P raises JPMorgan's rating by one notch" Quote: "S&P confirmed that JPMorgan's rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank's increasing business volume." Militia Man They're talking about cross boarder transfers. That's money. That's currency. That's going to be doing commercial trade. That's going to be Article VIII compliance my friends. That's how it's going to be...Whether it's today or tomorrow that's a good question...Iraq is going international right before our eyes... Frank26 With all the beautiful things you see everyday, let it be known that all of this you are witnessing is the evidence of a new exchange rate because none of this can happen at a sanction program rate. The obvious is obvious.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ & Militia Man Mark: They need to finish out the 2024 budget – they have money they want spent over the next month. There is so much they are pushing for to make happen. So much good is going on right now. Militia Man: I totally agree. Look at the Port of Faw and the non oil revenue streams in Iraq. And with the currency transactions with Turkey they would have to be Article 8 compliant. And look at the Development road project. But Iraq still needs to show its people its REER (Real Effective Exchange Rate) Mark: So many things are finally coming together. Mnt Goat Article: “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”. He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is WOW! WOW! WOW!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick Billboards with lower note pictures and explanations about them, if that was true, if that had any possibility, then the moment that would happen would cause...there cannot be a gap between when they show it and when they release it [the rate] IMO. Once they show [them], the time frame for them to release it [the rate] would have to be extremely short. There should be no gap between the two events. It should be simultaneously. Samson Article: “Iraqis have an appointment with 'Wednesday'... a comprehensive road map for all individuals" Quote: "The first general population and housing census in Iraq in 27 years is scheduled to be conducted on November 20 and 21"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy People are always trying to predict when is the exchange rate going to change. IMO you're not going to see any exchange rate change until they feel comfortable and they feel stable in a new banking system, and they feel like they have all the kinks worked out then most likely you're going to see a redenomination and the new exchange rate take place. Then. Not before. Militia Man We all know Iraq is about to take her place in the international financial system. Millions of people are going to be affected. It's really big. Samson Article: "Swiss Ambassador Expresses His Country's Desire to Invest in Iraq" -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 The concept of the reinstatement has been alive for many years in Iraq. It is only the ignorant, I'm not being disrespectful, it's only the uninformed that believes it to be an RV. Samson Article: "Do the census results affect Article 140 of the Constitution?" Quote: "President of the Republic Abdul Latif Rashid confirmed that the results of the general population census will not affect Article 140..." Pimpy It's not going to free float. For now it's going to be a fixed rate. I know everybody's excited to get to that free float rate. I hear you. When it [New bank transfer mechanisms] first launches and goes officially live they're going to use a fixed 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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: When everyone here goes to exchange their notes, there will be immediately an electronic background check. It's just Iraq's diligence in stopping corruption at the start. FRANK: I didn't know that. I find that to be MARVELOUS. BRILLIANT! Mnt Goat My CBI contact told me they almost must reinstate the dinar at about the same time or very shortly after they end the currency auctions in Iraq at the end of this year. This is why this move to end the currency auctions is so important to us as investors. Remember also that the CBI will be no longer taking dollars from the oil revenues to pay for imports. If this is the case don’t you think the dinar must have some substantial value? **** From Midnight Thursday **** Frank26 The concept of the reinstatement has been alive for many years in Iraq. It is only the ignorant, I'm not being disrespectful, it's only the uninformed that believes it to be an RV. Samson Article: "Do the census results affect Article 140 of the Constitution?" Quote: "President of the Republic Abdul Latif Rashid confirmed that the results of the general population census will not affect Article 140..." Pimpy It's not going to free float. For now it's going to be a fixed rate. I know everybody's excited to get to that free float rate. I hear you. When it [New bank transfer mechanisms] first launches and goes officially live they're going to use a fixed 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... So, take everything with a grain of salt ... RON Frank26 High inflation, debt, terrorism, parliament, the auctions, they were the reasons for a program rate but not any longer...The 7.3% increase in [Iraqi] private banks is because of the success of the monetary reform education. [Iraqi citizens] are once again trusting your banks and that was very important for the security and stability of your new exchange rate that is coming to you. Pimpy Article "A turning point for fiscal policies. What after the cancellation of the dollar traffic monitoring platform?" Quote "This decision is expected to lead to fundamental changes in financial transfer mechanisms and a direct impact on the exchange rates and financial stability." Be careful. Every time somebody ready 'exchange rate' in articles they don't pump you up full of hopium and mislead you. I don't want them going 'Oh my God they're getting ready to make the change...' Because that's not the case... Militia Man 2024 budget hasn't been exposed just yet. We are waiting to see if they can expose it. I think they have some legal and technical issues...We're at that stage where for them to receive the 2025 budget they need the final accounts for the '23 and '24.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 I told you to construct your team. I told you your team is waiting for you at the bank, anyways. Merrill Lynch, JP Morgan, whatever it may be. [Note: At the appropriate time consult with attorneys and financial planners and asset protection professionals you trust.] MarkZ Article: “Saadi Ahmed Bureh: the Census should have been carried out after the implementation of article 140” After? HCL? Has it already been implemented? Am I missing something? I think they are telling us something. Pimpy I have no doubt Trump is going to want to do this [a peace in the Middle East deal with Sudani] as quickly as possible so it shouldn't take very long for us to finally start to hear what it is that Trump has in mind with Sudani and Iraq, what they're going to offer Iraq. What does this mean for the Iraqi dinar? This means the currency is going to be stable and once it's stable and they're not worried about inflation then we might see the deletion of the zeros coming up here shortly and then followed by a new denomination of Iraqi dinar dinars, new currencies without the zeros on them. Then we'll definitely see the exchange 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... So, take everything with a grain of salt ... RON Frank26 IMO, Iraq will be...no, "IS" a currency hub. MarkZ Article: “Sudani issues 6 directives to increase financial inclusion and raise its indicators in all governates” These include increasing number of banking branches, modern technologies, banking services, etc. They have modernized their banking system for the rise in value of their currency. This is all part of their white papers and economic reforms. One of their goals is to raise the purchasing power of the dinar for all Iraq. That means a revaluation (RV) or Re-instatement. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani held a telephone call with President Trump and Mr Trump said I'm going to help end the conflict in that whole region that you got there and they agreed to meet in the near future. FRANK: Yeah, they'll meet before he becomes president in January. Mark my words, the whole world is calling Sudani because of your monetary reform success and now the whole world is calling my President Trump because they know they will now be successful with him. Sudani only talks to people that want to be successful with him.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat My CBI contact told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year. She told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq. Clare Article: "Al-Sudani and Trump agree to coordinate to stop regional wars and meet 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... So, take everything with a grain of salt ... RON Frank26 On the 10th there's going to be a collision of some very important 'heavy particles' that require the monetary reform exchange rate. On the 10th they're all coming into a collision. I think they're going to give birth to new elements. Maybe lower notes - maybe a float - maybe the digitalization of the electronic float. A lot of things might be happening but not before the 10th of this month... Clare Article: "Al-Fatlawi: The population census enumeration and numbering process exceeded 98% throughout Iraq" Quote: "...He indicated that the census will be conducted on its scheduled date on November 20." Militia Man They're going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Trump...for the most part he has been on the side of Iraq. Our problem is not Trump, but rather the fact that Iraq is increasingly making the [dinar] a closed currency. The means we do not have access to the digital changes happening in the country today. Clare Article: "Al-Sudani congratulates Trump and Vance, stresses Iraq's commitment to strengthening relations with America" Quote: "It is noteworthy that Iraqi Prime Minister Mohammed Shia al-Sudani had strongly attacked the administration of former US President Donald Trump, during a speech he gave at a memorial ceremony held in Baghdad in 2023 on the anniversary of the assassination of former Iranian Quds Force commander Qassem Soleimani and deputy head of the Popular Mobilization Authority Abu Mahdi al-Muhandis in an airstrike near Baghdad International Airport in early 2020."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 The fact they are talking to you [Iraqi citizens] that the HCL is coming...means a new exchange rate is coming. MarkZ Article: “Sudani congratulates Trump and vice President on winning the White House race” Sudani believes it will bring stability to the middle east.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick For decades, forever, the corruption in Iraq have stolen the future of the children of Iraq, let alone the Middle East...You'll find them in parliament, you'll also find them in the media - television, newspapers of Iraq...Sudani brought in Alaq with the permission of the board of directors of the CBI. When he did, things started to move forward. That's why a 10 year report has now been put out. Pimpy The dinar is not going to happen today or the next week as far as I know but this is a pretty big step [the restrictions removed from foreign currency exchange] for them because this allows a lot of liquidity which is necessary inside of Iraq. Liquidity has always been an issue for Iraq. This will change that. That means more businesses/people doing exchanges with the currencies. A lot of liquidity in Iraq is what they need. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq comes back on TV again and he's talking about we have in circulation 100 trillion dinars and in our reserves we have well over 100 trillion making our currency to be stable and low inflation. FRANK: The CBI has never even printed 100 trillion dinar so how is it possible? Because you're going to go digital and you have a new exchange rate. Samson Article: "Transport announces completion of initial design phase of development road with its land and rail routes" Militia Man I think they've got it to an exposer level. They haven't exposed the 2024 budget yet. They haven't exposed the hydrocarbon law yet. They haven't turned on oil in the Port [Into Turkey] yet. Why? Because I think the 2024 budget has something that we're waiting for. Walkingstick [Iraq bank friend Aki update] What are you doing in Michigan? I'm taking care of the CBI Bank. What else you doing in Michigan? Me and my 18 partners, we've got 93 currency center banks. Where? Michigan. The state is important. For who? The CBI. The Arab population is massive. There are cities that are just Arab 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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy said he has heard that Citibank and JP Morgan who have worked with Iraq for the last two years went to all the meetings...with the IMF, World Bank. It turns out Citibank have come out with something called CitiDirect program. It's...so banks can exchange foreign currency and deal with 135 different currencies. It is direct and all digital just like everything we're doing in Iraq...Mr. Sammy says these two banks will be leading the way but it will be banks all over the world too. FRANK: You can't be a central hub at a program rate! MarkZ Artic;e: “The election of the new speaker of Parliament will contribute to the legislation of important and obstructed laws” I have a few folks in Iraq that are convinced that sitting the new speaker was important and now I know why. They specifically name the HydroCarbon Law in this article…The HCL!!! There was a lot of meat to go with those potatoes.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Sudani the prime minister of Iraq is now in control of the auctions of their CBI. What's so important about that? Because... when the government sells their oil they get paid in dollars. That's the agreement with America and then those dollars go into the CBI auction and they get converted into dinars. That goes back to the government to pay their bills. But it wasn't. It was going from the CBI auctions to the hands of the corrupt profiteering evil people, the far left of Iraq...The auctions were the problem. Not anymore. MarkZ The new slogan “Made in Iraq” This is about what he needs to make a real impact. I do love the conversation going on in Iraq right now and the diversification and it is a nationwide effort. Walkingstick They used to have 130 trillion dinars in circulation. They tell you now it's 100 trillion dinars - It will be trillions to billions. 130, and now report at 100 trillion is a big clue of the direction of the exchange rate. The 100 trillion dinar they are talking about is the value of the IQD not the number of notes in circulation. The difference is extremely important. The clue is it's going in the right direction of adding purchasing power to the country's currency. Clare Article: "Al-Sudani directs to establish the concept of (Made in Iraq)" Quote: "The Prime Minister pointed the importance of establishing the concept of (Made in Iraq) as it represents a national goal shared by all..." Militia Man They're achieving bonds. They're soaking up money off the street. Here's another sign of the country that is setting the stage for internationalism. They've got bonds to get the hoarded money into circulation. That's another very good telling sign that Iraq is just about ready to open her doors... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq back in TV talking about stability and security saying Iraq have very low external debt and that's good because high external debt causes low credit rating and it can hurt a country's exchange...Alaq also said to us again the dinar would return to the 'glory days' of the past. FRANK: Doesn't get any better than that. These are the people we want to hear from and these words coming out of their mouth? This is exactly what we want our ears to hear form them.
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Tuesday Early Afternoon Opinions @ 2:27 PM MDT - 11/05/2024
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... So, take everything with a grain of salt ... RON Walkingstick [Iraq bank friend Aki update] Aki, where is he at? Michigan. What's he doing? Taking care of a bank. Also taking care of over 90 currency centers around Michigan. Why? Because of the Arab population in Michigan. It's massive. It's probably the largest of all the 50 states. That's why Aki has his bank there. Clare Article: "Iraqi Priest Prays for Trump’s Victory: Calls on God to Send a Strong Leader to Protect Persecuted Christians and Bring Peace to the Middle East" Quote "In a heartfelt prayer on the eve of the U.S. presidential election, an Iraqi priest publicly appealed for divine intervention, asking the Lord to bring a strong leader to the United States - one who would protect persecuted Christians across the globe, particularly in the Middle East."- 3 replies
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: These exchange centers, they are dealing in dinars right now. What they're doing is taking in the old three zero notes that we citizens have been holding on to for years, and putting that into the electronic platform. We have paper to show us what we have in the bank. It's the new electronic system. FRANK: The reason for it is because those numbers at a flip of a switch will be recalculated with the new exchange rate and credited to the citizens of Iraq. Dinar mattresses, you know very well what this means. The fact that they found a way to bring them in is just fantastic news. This just speeds it up. MarkZ Article: “Deputy: Smuggling of oil derivatives has shrunk by 80% in Iraq” This is also about the pending approval of the HCL. It is also about securing the borders. I think it is huge. They are securing the financial borders in Iraq. I was always told this would occur right before the revaluation. Mnt Goat ...when you go to the bank to exchange the US Treasury is going to fund the initial exchange for the bank. It is all electronic...The US Treasury will own then own dinar. These banks will then turn a profit with the US Treasury for being the broker in the exchange. It will benefit them to collect as much of the 3 zero notes as possible...The US Treasury will keep a certain amount of the three zero notes for inter-banking and global trade with Iraq... Iraq has already guaranteed oil credits at so much a barrel...The US Treasury fully intends to also sell these oil credits at a profit margin to other countries needing the Iraq oil. I have asked my CBI contact multiple times on the fixed credit rate and I got varied amounts from $30 – 35 a barrel. So, it is not like Iraq has to shell out trillions back to the US to cover the cost of the funds for the exchanges... MarkZ Question: No matter who wins in the election…do you still think they will release the RV? Mark: None of my sources think that this is going to go wrong. They will be waiting for the announcement then RV things are all going to rip forward. So much does seem to be waiting on the outcome of this election. But I continue to hear positive things...Iraq is moving forward with or without this election. They have paved the road and done their due diligence. I very much expect the announcement of Iraq and the WTO full membership ascension no later than sometime in December.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Shiite faction: Iraqi government will not allow Iran to use its territory to target Israel" Quote: "...The Iraqi government will not allow Iran to use Iraqi territory as a launching pad for any attack targeting Israel...According to the American newspaper, The Wall Street Journal, the Iranian plan for responding to Israel includes stronger warheads and other weapons, and that it may target Israeli military facilities more aggressively than the previous time." See Full Article: Shiite faction: Iraqi government will not allow Iran to use its territory to target Israel - 11/04/2024 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some new financial guru here saying the new hybrid monetary plan will bring more alliance on the dinar instead of the dollar restrictions. Saying it will make the dinar a base currency and a base currency is the main currency in a group of currencies that are traded in the international Forex... He's saying they are going on Forex soon. FRANK: When they talk to you about a base currency, they are trying to tell you your nation will become a financial central hub with many currencies coming in from around the world that will play an important part in the international float of the Iraqi dinar in order to reach the real effective exchange rate. Forex is but one example of how they will do this.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick These [new exchange] centers were established because many Iraqi banks inside of Iraq were operating and acting outside of the CBI laws. So Sudani shut them [bad banks] down. ...Sudani all of a sudden started to reopen most, if not all, of the banks that he had shut down. Why? Because he controls the monetary reform. Sudani is the boss of the monetary reform with no interference from thievery, profiteering from political people like it always was. Militia Man They're not using the dinar today yet that we know of on the Forex. But what they're saying is to my understanding is as of the 15th to 18th of October, they're getting ready to use domestic currency to support the exchange rate peg, domestic liquidity management. I hope you guys understand that...because this is pretty powerful stuff coming from the CBI. Henig [See Dearborn Michigan Article from 11-2-2024 below] Article: "Expert: Trump promised voters to end Iranian influence in Iraq. The Iraqi community will decide the elections" Quote: "He said the Iraqi community in Michigan will determine who wins the U.S. election. US affairs expert, Kato Saadallah, revealed a promise from US presidential candidate Donald Trump to his voters to end Iranian influence in Iraq, expecting the Iraqi community to elect him against the other candidate, Kamala Harris, and determine the winner of the elections." [Note: Regardless who you vote for, cast your vote tomorrow.] 11-2-2024 [In reference Guru Walkingstick's Iraqi Bank manager friend in Dearborn Michigan] AP Article: "Trump meets with Arab Americans in Dearborn, Michigan, but top community leaders skipped the event" Quote: "Donald Trump on Friday met with Arab Americans in Dearborn, Michigan — the nation’s largest Arab-majority city...Metro Detroit is home to the nation’s largest concentration of Arab Americans, with a large chunk of them living in Dearborn." [REPOSTED]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying now the currency auctions were a mistake and the dinar should be link to a basket of currencies. They say it's the best thing for our economy. FRANK: This monetary reform education is off the hook isn't it?! They're telling them constantly. It won't stop! Mnt Goat Article: "AL-ALAQ: THE VOLUME OF CURRENCY IN CIRCULATION EXCEEDS 100 TRILLION DINARS" Quote: “Today, we have more than 100 trillion dinars in circulation (issued currency), not all of the money supply, and reserves of more than 100 billion dollars, which means that the Central Bank has achieved an important basis for monetary stability,” explaining that “inflation is the basic measure of the Central Bank’s ability to perform its mission and basic function. It is less than 3.8%, which is considered a typical percentage that actually achieves stability and prosperity.”
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani: $100 billion is the size of investment opportunities in Iraq" Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt." Pimpy Article: "Credit Bank of Iraq achieves a profit of 20.4 billion dinars" This article is definitely a very good one for those of us who are invested in the Iraqi Stock Exchange. I only anticipate the bank stocks going up more and more. They might be some of the fastest growing stocks in Iraq. The reason for that is because they keep expanding on the banks, putting them through reform. All that's going to do is drive up the value of the stocks... MarkZ In Iraq Article: "Parliamentary Finance sets the date for the 2025 budget to reach parliament” Very early next year. This is curious to me but think they may be avoiding releasing it until after they have the rate change and exchanges…so strangely enough this fits in very well to what I am hearing. That they need to get the rate change done soon. They need to change rates and do everything they need to do before approving that budget. Sandy Ingram [Reference Sandy's WTO post from 3-22-2024] What is the WTO and why does it matter? The World Trade Organization is an international group that helps countries trade with each other fairly and efficiently. Joining the World Trade Organization will help Iraq grow its economy by making it easier to buy and sell good with other countries.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the recommendations for Ernst and Young about banking reforms will be approved by the council of Ministers to proceed with the banking reforms. FRANK: Ernst and Young are playing a very important part in the Monetary Reform process with the CBI and United States Treasury. Their involvement is very deep. To see this report from them once again tells me we are running out of time... Samson Article: "Blinken in the Middle East next Tuesday" Quote: "US Secretary of State Anthony Blinken will arrive in the Middle East next Tuesday, on a new tour" Militia Man You have Al-Sudani calling on the House of Representatives to vote in their president. The optics of them having 3 presidencies available all at the same time when/if...they revalue their currency is a pretty big deal. The optics would really look good globally. You got a strong foundation: security and stability at the borders, knocking on the door of the WTO, the TIR contract they signed days ago, and international agreements. Everything is gearing up for what? Iraq going international. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy wants you to know the opening of these cash deposit centers that Sudani is bringing in with the CBI are a start of collecting and a start of the deletion of the zero notes. It gives us an avenue to trade in the notes instead of clogging up our regular banks. FRANK: These currency centers have been licensed by the CBI, Sudani and the US Treasury in the last few weeks. Things are moving very fast for you citizens to receive your monetary reform.