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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 *** Mnt Goat Article: "IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS" Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of the year and will probably reach over 100 billion even. Yet the CBI says they have no intention of completing the project to delete the zeros or raise the rate of the dinar against the dollar. hy? If this is not corruption I don’t know what is. We know for a FACT the economy of Iraq supported way over $3 dinar back in 1990. The situation of Iraq now is way much better with higher reserves and much more gold reserves. In fact they can almost back their currency totally with gold now. Think about this: Adjusted for inflation, $1.00 in 1990 is equal to $2.21 in 2022. Annual inflation over this period was 2.51%. So, in reality, Iraq can easily increase the value of the IQD significantly...IMHO..! RON
  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 *** Samson Article: "Iran: Iraq will turn into the largest economic market in the region during the next decade" Quote: "stressing that his country seeks to increase the volume of trade exchange with this neighboring country." Thats hot news...!
  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 ** Frank26 Article: "Shafak News and "BBC" sign a partnership contract, the first of its kind in Iraq" IRANIAN CONTROLLED MEDIA IN IRAQ... MOVE OVER Quote: "Shafaq News Agency and the prestigious British "BBC News Arabic" network signed a partnership agreement, the first of its kind for a media-journalistic organization, in Iraq.".
  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 ** Samson Article: "Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country" Quote: "Saleh said, "All indicators confirm today that the country's foreign exchange reserves, which amounted to about $85 billion, including gold, are at a high level of efficiency and represent real monetary stability for the country." ** Nader From The Mid East I think the first week of January they gonna launch the 2023 budget and the good news the rate it's in it. But I don't know what's the rate, or if the rate is in it... ** Kaperoni If the dinar is ever going to go up in value it will be the result of Iraq building a private sector diversity economy. But only if they pass laws, encourage investment, and diversify away from oil. A country's currency exchange rate is never a random act. It's based on economic growth, GDP, etc. Only with the success and growth of Iraq's economy can the dinar go up in value.
  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 *** Tim784 Article: "Al-Hakim And The American Ambassador Discuss The Mechanisms Of Getting Out Of The Political Blockage" The media office of the head of the Wisdom Movement stated in a statement that "Al-Hakim discussed with the US ambassador to Iraq, Elina Romaneski, the latest developments in the Iraqi and regional political affairs, the mechanisms for getting out of the current political impasse, and the bilateral relations between Iraq and the United States of America."
  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 *** Frank26 Article: "Barzani's party reveals an international move to stop the possible armed conflict after the forty" Who told you about the 17th? ...Is there anybody that talks about the 17th? No. [Frank26's boots on the ground contact reported last week that Sadr warned if the parliament was not dissolved by the 17th it would be doomsday - See Frank's post 9-9-2022] ...I don't think we're going to have the conflict that we're looking for on the 17th going into the 18th. *** Nader From The Mid East Next week they'll come out and say, 'Hey the reserve it's at 90-95 billion now.' Be ready for that too. The gold is going to go up by next week too... *** Breitling You've got to get it out of your head that there's a group in Iraq somewhere that doesn't want them to revalue their currency...which countries would not want Iraq to get into the Swift system? That would be Russia and China. So if there's any negative news I haven't seen any of it. The dinar crowd is so small, Russia and China hasn't put any effort or money into degrading Iraq's chances...
  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 *** Militiaman Article: "The General Secretariat: Automation of outlets has raised the value of revenues for three years" The borders will support the value of the currency aside from oil and other minerals, tourism, etc.....WOW..! Excellent News..!
  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 *** Pimpy ...numbers on the 'back screen', 800#s, redemption centers, military people that watch the currency exchange, tier 1, tier 2, tier 3.. It's not real. It's all B.S...If we cannot get a stable government with a stable economy...you're not going to see any kind of major exchange rate change happen unfortunately... *** Mnt Goat ...I can wholeheartedly tell you that – Yes and Yes that I know for a fact and without a doubt that the reinstatement has to happen and will happen. How do I know? #1. Reinstatement was in a long term 5 year plan given from the CBI in 2011...it was supposed to be all done by 2016. #2. Dr Shabibi, the then governor of the CBI, attempted to reinstate the dinar on FOREX and complete the project to delete the zeros in 2013 as part of the 2011 plan, only the corrupt Nori Al-Maliki, then the prime minster, stopped it with his raid on the CBI...This is what Sadr is trying to fix...and why the new govt can’t get formed. [post 1 of 2] *** Mnt Goat #3. In 2019...they came out with the “White Paper” in which it specifically says to go to FOREX. #4. In talking to my CBI contact, I was told that it was targeted for Jan 2022 but due to the election issues they held it up hoping the government would be formed and stable. So, this is where we are today. We sit and wait for the new government. [post 2 of 2] *** Nader From The Mid East About the Iraqi dinar no news for now. It's a mess. The country is not stable. It's actually destabilized a little bit now. We see what's going on two weeks from now. There's no promises. There is not news about the exchange rate. There's nothing...keep your head on your shoulders...it's a waiting game so let's wait... *** Samson Article: "The average salary in Iraq is 600 dollars and in other countries is six thousand" Quote: "Iraq ranked 62nd out of a list of 105 countries in terms of the average net monthly salary of an employee of $600 in Iraq..." *** Militiaman Article: "The Central Bank of Iraq organizes a visit to a media delegation" The AMF on the same day had meetings on similar issues...with the likes of the World Bank, Bank of International Settlements, International institutions, etc...There are no coincidences in these meeting coinciding with each other.. imo.. I like what we are seeing. Inter-connectivity is coming... *** Walkingstick [Iraqi bank gentlemen in US banks update] Are these banks [CBI satellite banks in the US] for you? In all honesty you can use them. But you got to remember they're under American banking laws so don't be trying to think you can put Iraqi dinars in these bank accounts. The only thing you can put in is American dollars...they'll gladly take those 3-zero notes from you. They'll gladly convert it. Whatever rate they give you knock yourself out.
  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 *** BGG Hard news excerpts- Article: “Sadr believes he can control the angry masses …but only if he can control the system. His unleashing of the Sadrists for 24 hours was that message in graphic form.” How to deal with Muqtada al-Sadr has long befuddled Western and Iranian officials. The latest outburst of violence in Iraq shows they have long underestimated him as well, writes @SajadJiyad…You want to know what this all means? Sadr sent the message “reform or else”… I believe it was heard loud and clear.
  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 *** Clare Article: "Biden calls for a road map to get out of the political impasse in Iraq" Quote: "US President Joseph Biden called on Iraqi leaders to engage in a national dialogue; To develop a roadmap in order to get out of the current blockage." *** Pimpy There is a silver lining when it comes to the dinar (no pun intended). Here's the thing, you have the gold reserves increasing which is a huge step. You have the foreign currency reserves increasing, I believe it's at 92 billion by the end of the year which is awesome. The more the better. But until you get a stable government, stable nation and a stable economy you're never going to see the exchange rate change in any dramatic form one way or the other. ...AMEN...!
  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 *** Sandy Ingram [IQD Profits Scenario] [for your kids] Meet Irene, she's 28...She recently took over her father's financial affairs...She knows that her father has 5 million IQD. [Example] She heard the IQD floated to $0.25 to $1 US dollar. She has so much more to worry about, she just wants to exchange the IQD paper money for U.S. dollars. If all goes well Irene will get $1,250,000 USD... [Post 1 of 3....stay tuned] where's the rest of the scenario... see this afternoon's post for all three parts...! *** Samson Article: "US report: Biden's indifference gave Iran the upper hand in Iraq and enabled al-Maliki to lead a judicial coup". Quote: “For some incomprehensible reason, it seems that Iraq, in which the United States fought two major wars during the past decades, is not a priority for Washington, and unfortunately, it has become a priority for Tehran."
  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 *** Fleming Iraq has a date and a rate according to contacts...watch for the announcement of the new Iraqi Parliament which is now in formation in the background ready to go... Within a few days of selecting a new Parliament there will be new global forex rate for the IQD announced. Iraq has the new Parliament ready now so it won't be much longer. Once that new Parliament comes it will be within a few days that they announce the new rate...it's very close. *** *** Samson Article: "Riyan” accounts for the Iraqi state.. Oil continued to contribute 96% for the third month" Quote: "non-oil revenues amounted to 3 trillion and 163 billion and 857 million and 400 thousand and 641 dinars, which constitutes 4% of the total revenues."
  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 *** Walkingstick [via Frank26] [Iraqi bank gentlemen in US banks update] 2 gentlemen [From walkingstick's old firm with 6 banks - 2 in Iraq and 4 in Jordan] went to their bank [in Michigan]. When the CBI makes a move...they let all the banks know. Not just Iraq but internationally too...so the CBI IMO is sending the owners of these banks to their banks to prepare for the announcement of the reinstatement of their currency. All of this requires an announced seated government... *** Kaperoni The reason the currency auctions in Iraq exist are twofold, one is to supply dollars to pay for imports because most if not all international banks do not accept Iraqi dinars as payment since the central bank is in IMF Article XIV...And the most important reason is to maintain stability of the exchange rate of the dinar because the dinar is pegged to the dollar. Therefore, the currency auctions have to exist and will not end until Iraq 's currency becomes more convertible worldwide. *** Suzie We have about a week for the banks to be "hooked up" internationally, will we and the people of Iraq who've been waiting on their purchasing power be dancing in the streets.....or do the dinars go back into the shoebox? *** Samson Article: "Gallup Publishes A Poll Revealing The Extent To Which Iraqis Trust The Current Parliament" Quote: "Sunday, a poll indicating that the current Iraqi parliament has the least confidence, compared to previous sessions...The current parliament has the least confidence that any Iraqi parliament has had since 2006, as the percentage of Iraqis in general who trust it is only 12%, according to the latest Iraqi public opinion poll conducted by the Gallup International Polls...."
  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 *** Pimpy ...We know the dollar is declining. I've been saying that now for quite some time...it's dying. It's dead. It's like a zombie walking around...they [Iraqis] need to unpeg themselves, if Iraq was smart they would do the same thing that Russia does...if you're going to buy our oil...you have to use Iraqi dinar, period...the country is already rich as it is, whoa, I can't even begin to imagine what would happen if they did that... *** Kaperoni Many people don't like the fact that I constantly state there is no RV. But that's the truth, it's not how monetary policy works...We have to hope that Iraq can diversify their resources away from oil and create a private sector economy that begins to flourish. Only then can the CBI allow the dinar to gradually appreciate via a float. *** Sandy Ingram Article: "Central Bank: Cash reserves to rise to $90 billion by the end of 2022" ...as a result of the rise in global oil prices...the increase in gold reserves and certainly the increase in cash reserves is part of the process for a higher exchange rate against the US dollar.
  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 *** Samson Article: "The Central Bank: The cash reserve will rise to $90 billion by the end of 2022". Quote: "the current reserves of the Central Bank amounted to more than 80 billion dollars," noting that "the gold reserves amounted to more than 131 tons, as it increased by about 30 tons, and this led to a high ranking of Iraq globally..." *** BobTheTaxMan ...Exchanging the IQD in a high amount is going to be a costly event...to give up half of it just because you want to panic isn't good thinking at all...they do want to add an extra 3% tax on anybody who cashes in more than a million. Any funds and properties you acquire could be exposed to estate taxes on your passing. That's the nasty part. Determining a plan before the revaluation could literally save you millions in taxes. It could provide you a lifetime of income and offer potential tax-free exchange... [NOTE - Consult your financial and tax professionals at the appropriate time to build the tax and exchange plan best for your unique circumstances.] *** Pimpy [Pessimistic Comments about the dinar] 'it's a scam.' 'It's a ripoff.' It's a currency of a nation, Iraq. The currency doesn't rip people off. There are people out there using the dinar to rip people off. There's a huge difference... *** Tivon Comex 589, Basel 3 Compliant, ISO-20022 - These three things should always be the deciding factor as to who you decide to bank with. I don't care about the title or name of the bank. If they are not operating within those parameters then you should not put your money in any of those banks...Then...from there - How much insurance can they cover...Then...interest... Remember banks can be foreclosed on too. [NOTE: Speak with your financial advisor at the appropriate time to build the best financial stack for your unique situation].
  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 *** Paulette When the IQD RI's, there will no longer be a need for vendors to purchase USD in order to cover imports and the people will no longer desire USD over IQD as (hopefully) the IQD will be seen as more valuable. Additionally, when the vendors can use IQD to purchase imports, they will not only be happy to accept IQD but will prefer it. Therefore, when the IQD is reinstated, the Currency Sales volume will be very minimal as there would be limited demand... *** Clare Article: "A legal expert reveals exciting details about Allawi's resignation: The government has resigned in its entirety" IT IS NOT A RESIGNATION LIKE WE THINK (FROM THE ARTICLE: "it is not considered a resignation in the legal and constitutional sense. It is a political position before it is an executive government.")
  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 *** Militiaman CBI told us that on 08/15/2022 all banks must be hooked up to the new electronic platform. Why would they need a new platform if they were going to stick around at a 1460 rate? They wouldn't.. The next stage is going to the private sector...GOI put out all the educational videos over the last week or two.. All for the next stage.. imo *** Samson Article: "The Central Bank is silent” .. Economists diagnose “disasters” in the currency auction, and beneficiaries: inaccurate"
  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 *** Militiaman Article: "About 300 Iraqi officials and ministers accused of corruption and integrity cases recover two trillion dinars" Sadr brought more than meets the eye(s) to meetings. He wants no one with corruption on their hands to benefit from the re-instatement or re- valuation. Nor does Kahdimi..!
  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 *** Frank26 GROUPS LIKE THE UN HUMANITARIAN PROJECT...OR THE CHINA GROUP...OR THE INDIAN RESERVATION EXCHANGE...OR THE SHIP IN THE PACIFIC OCEAN UNDER INTERNATIONAL WATERS...OR WHATEVER THESE GROUPS HAVE MADE UP THROUGHOUT THE YEARS...TRUST ME...NOBODY IS GOING TO GIVE YOU MORE THAN WHAT THE CBI WILL GIVE BECAUSE IT'S AGAINST THE LAW TO HAVE TWO EXCHANGE RATES FOR ONE CURRENCY...SO CALLED NDA IS NOT TRUE. IT'S LIKE THE SO CALLED 800#... *** Samson Article: "Commencement of construction of the "tallest" residential tower in Iraq " Quote: "This project will be completed within four years, and its length is 210 meters, which is the longest in Iraq and includes 52 floors"
  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 *** Pimpy There is some good news. Article: "The Central Bank Announces An increase In Its Cash Reserves To 82 Billion Dollars" I'm curious to see how high they can get this sucker pumped up. If they keep going at this rate by the end of next year do you realize they'll be over $115 billion? ...you want to talk about doing all the right things...to strengthen the dinar, this is it....If we could just get the government going and stability in the economy man we would be well on our way to increasing the value of the Iraqi dinar... *** Mark The CBI once again stressed that they are the only ones that can change the rate. It has nothing to do with the government. And as long as the government looks peaceful and settled they can go ahead and move forward with the rate. They let us know this again...We find this very interesting.
  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 *** Mnt Goat So, how many times must Iraq tell us that the only entity that has the power to change the currency exchange rate is within the coordination of the CBI and the Finance ministry. The cabinet DOES NOT have the power to change the exchange rate, EVER! *** Mark Article: “Government official: Iraq is not thinking of floating the currency at the moment” I believe this to be a re-print with a new date on it…Just like in Kuwait the morning that it went. Kuwait ran an article that it would be 6 months to a year or two before they RV’d their currency. They then changed the rate that same afternoon... So we have expected them to print these type of articles close to the end.
  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 *** Dinar Community Update *** Sad news in the community today.... Please keep Okie in your prayers. Doctors have told him he has 6 months left to live… He asks that you keep him in your prayers with a belief for his healing... (Reposted) *** Nader From The Mid East ...We all agree to disagree correct? ...if you hear something, if you see something negative just keep it to yourself ...Some people have to let them hear what they want to hear for them to be happy in life. So let them hear what they want to hear. That's it. It has nothing to do with me...we all living a period of life and then we're gonna disappear from this life. Let's make it nice. [Post 1 of 2....stay tuned] *** Pimpy All these things about redemption centers and 800 numbers and back screens and people on standby, tier 1 and tier 2 - all of that is bull crap...there's no redemption centers, there's no 800 numbers, there's no military intel... *** RVAlready Ignore their politics, focus on the RV. We were told that, at the end, Iraq would be blowing smoke. It looks to me like we are converging on the RV. Lots of bullshoot out there trying to convince us otherwise. You know the actual release date will remain totally hidden until this is all over. *** Kaperoni Nobody knows any procedures until such time the dinar appreciates. And if the dinar does gradually appreciate based on the economic growth it's going to take time. [a recent] article mentions 1-4 years therefore it is unlikely that anybody would ever go to a bank. Tends to lean towards ECMs or brokers. *** Samson Article: "Erbil Municipality announces the paving of streets in the capital with a billion dinars" [NOTE: They say the streets of Baghdad are paved in gold...I mean dinar! ]
  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 *** Frank26 Article: "The International Development Bank joins the Federation of Emirates Banks in Dubai" THIS IS BUT ONE OF HUNDREDS OF BANKS AROUND THE WORLD THAT HAVE BEEN BONDED WITH THE CBI AND NOT AT A PROGRAM RATE! *** Tivon ...The CBI does not have to announce that they are Article 8. The only time we will know that is when we literally see the rate on the Forex. *** Kaperoni ...There are two real possibilities for the currency in the future. 1, which is being discussed include educational programs with the citizens is a currency exchange neutral event LOP. And 2, what the IMF has discussed for years which is floating the currency and allowing it to gradually appreciate based on the economic growth of the economy. There is absolutely zero talk or discussion of a significant RV of the Iraqi dinar...
  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 *** Clare Article: "Al-Sadr: (Dissolving Parliament) has become a popular, political and elitist demand for which there is no alternative". *** Tivon You still waiting for the government when there is a clear timeline to release the rate anyway? ...I don't care about no seated GOI. They have to release the rate regardless. *** Frank26 [Iraq boots-on-the-ground report] We are still hearing Kazemi made a big deal with the CBI and saying the dinar rate will change very soon. When? We don't know. He doesn't tell us...it sounds like they're going to float the dinar but we're not sure when. *** Pimpy Somebody said, 'Protest aren't real...it's all fake over there. They're just doing that to throw us off.' The protests are not fake...I'm not saying governments are truthful but to say all of their news and all their views on politics is a lie? ...just go to google put in 'Iraq protest'. There's article after article after article. And it's not just from Iraq. You have the Washington Post...PBS, Jerusalem Post, ABC, Yahoo News...the news is not always BS...the protest is happening... *** Mnt Goat I get some questions on the VND Vietnam Dong as will it also RV along with the IQD Iraqi Dinar? I will give you a short answer to this question – maybe ...the Vietnam war has been over for about 50 years and still they have their downgraded currency and larger three zero notes. Maybe it’s time to bring them to the standard of the western currency? We can see there is no hurry to change these notes, at least not what they are saying. We do also see a higher VND rate (.47 – $2.00) in the QFS staged to go at some point. So, something is up. This is a good sign.
  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 *** Pimpy I started hearing rumors of people going, 'Yeah, they changed the rate they just haven't announced it to the public yet.' I was like what the hell are you guys talking about? ...let's say for shits and giggles they went ahead and they made the change privately and then somehow got out publicly - What's to keep everybody and their mama from rushing out and buying more Iraqi dinar because they knew the rate change took place. That's why I know it's BS...it makes no sense whatsoever... *** Frank26 Will they float the dinar like the hot rumor that's out there on the internet right now? I don't know but...they had and auction last week...IMO a float cannot occur during an auction week... ***Tivon ...You can see why some would assume there's a long way to go. Because it appears we are waiting on things being settled between what powers will run the country in "The New Government". But Al-Kazemi is in position to implement everything for the interim period as an transitional authority who will use the EFSL to enact the Oil & Gas Law sense he will have full legislative authority...The citizens do not want a "New Government". They want purchasing power. *** Walkingstick The closed door meetings with the CBI/AMF are strong sighs that the monetary reforms continues its forward progress internationally... *** Militiaman Article: "The Coordination Framework announces its support for holding early elections under conditions" Dissolution is gaining considerable popularity and there is strong demand to get the corrupt accounted for. Sadr knows that the US and others know where the money is. The Citizens know that to be true now. They told us years ago they were working to this end. And that end looks to be within days now...
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