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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... So, take everything with a grain of salt ... RON PompeyPeter We have never been where we are now. Categorically not. They're going to be the global solution to the financial worries. The solution is with the Iraqi dinar. Not at 1310 - it's not. Wolverine ...Hopefully we will get really good news that we are waiting for. That opera is just around the corner and hopefully to be released soon. Keep the faith this is coming. Paulette Article: "Iraq faces some challenges in its path to joining the World Trade Organization" It is clear based on this article that Iraq will not be voted today to be full members of the WTO. Iraq has a lot of work ahead of them. To me, the WTO is totally irrelevant to what we seek. Apples and oranges. I hope we see the FULL RI process well before full accession to the WTO. Frank26 [Reference: the Iraqi dinar video from 7-17-2024] It's not a lop to subtract zeros from an exchange rate adds value to a currency. To add zeros to an exchange rate, hello Zimbabwe, reduces the value of the currency. If they add zeros then we are looking at a lop. No where did you see they were adding zeros. Mnt Goat ...This current Al-Sudani administration is now moving Iraq ahead, yes out of this past rut. It is right in our faces now. The train is racing down the track only to make the necessary stops along the way. It is a hard road for Iraq. There is work to be done. No more “guessing” or “hoping”. The reinstatement spigot is now wide open! It is in our faces! MarkZ Question: Do you think the RV will happen in waves? First Dinar, then a few months later, VND? Mark: No, I think they will still go at the same time.
  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... So, take everything with a grain of salt ... RON Clare Article: "Iraq resumes negotiations to join WTO" Quote: "The Iraqi negotiating teams have begun their preparatory meetings at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working group on Iraq's accession." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani said we have a new currency... FRANK: They're not talking about the 3-zero notes. They're talking about the new currency that's going to match a new exchange rate. FIREFLY: Any new currency will have to be lower notes.
  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... So, take everything with a grain of salt ... RON Militia Man This next week there's supposedly a formal and historic meeting with the WTO and Iraq on the basis of accession. They told us it was going to be formal and historic. Frank26 Question: "Is this going to be a capital gain?" A lot of people desperately do not want to pay taxes. I believe they live in this world they create where taxes never exist. I'm sorry, if you honestly think you're going to be able to get involved in this and exchange this currency, that's called a capital gains, without having to pay any taxes you're delusional. Yes you're going to pay taxes, that's why it's important to have a receipt... held for one year you'll probably be in the 20% tax bracket. if you don't have a receipt, you lost it, you'll probably be in the 40%. Biden just said a couple days ago he wants to increase those taxes over 50% capital gains. [Note: Consult your tax professional at the appropriate time to determine the right tax for your unique circumstances.] Buckeyetree ...Much progress has been made from the USA trip by Sudani in April, the technology with fiber optics, electronic banking, using only the dinar, foreign contracts with huge projects, the ATMs, and the HCL practically done with Barzani in agreement for the goal not to be now counted in days rather than weeks and months. The cherry on top would be securing the Speaker of the HOR and ascension to the WTO on July 18. Clare Article: "Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks" Quote: "Nelson praised, 'the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces."
  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... So, take everything with a grain of salt ... RON Frank26 Slow down! Chew your food. You don't have to be a doberman pinscher and swallow your food whole. Slow down. When the float starts you have to want it, you have to study it. You have to time it. You have to know when to hold'm and when to fold'm. Samson Article: ”WTO Working Party Meeting July 18th after 16 years" Walkingstick [The budget] contains the exchange rate for everything that needs it. Militia Man They haven't started oil pumping and you have to ask yourself, why? Because they need revaluation for that and I think that's what we're waiting for. Is that some sort of delay? I don't think so. I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.
  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... So, take everything with a grain of salt ... RON Walkingstick All the sales of oil are now in Iraqi dinars and no longer in American dollars. The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use. No foreign currency. Nobody stealing foreign currency or their currency. Security and stability is because of the control Sudani has. Samson Article: "Parliament announces completion of requirements for legislation of the Industrial Investment Law"
  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... So, take everything with a grain of salt ... RON Sandy Ingram The IQD Wait: What's Taking So Long? The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar's increasing value. Iraq's economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since. Nader From The Mid East Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good. I can say we are very close. Pimpy The IMF can't force countries to do a specific exchange rate. They can have input. They can talk to a county about their exchange rate but each country is sovereign. They're independent. No organization, whether it's IMF, World Bank, WTO, can force a country to use a certain exchange rate... Frank26 I think Sudani is in control of the monetary reform. I think he has security and stability and I think the international world knows it. I think all the three letter agencies are in cahoots with the CBI & GOI to go ahead and launch the new exchange rate...I think the exchange rate is either going to float at a fixed rate or it's going to float at a low rate then take some time to grow and be capped. If it's fixed at an RI rate then you know it's not going to float very much because the distance between $3.22 to where they want to cap it it's not that far and the demand will allow the gap to be reached very quickly. If it comes out at $3.22 you think I'm gonna wait around for a float? No. MarkZ Iraq has...paid off many of their loans. And Iraq has been very upfront (from finance contacts there) that they had planned to release the new rate in June. Now they plan on releasing it in the month of July. Also I have a government contact in Iraq who said “We have a new rate and will activate it soon” Clare Article: "Airlines set date to resume flights between Baghdad and Moscow”
  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... So, take everything with a grain of salt ... RON Militia Man Article quote: "The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq... Foreign currency covers more than 100% of the total currency issued." Even the trillions, they have enough reserves to do that. In other words if they change the exchange rate to something that's strong, that reflects the true fundamentals of the country, they shouldn't have any problem. Their model is stable, secure... very little inflation. They've been successful doing this model... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television was interviewing Sudani and asked him about the reforms and about the progress of the economy. He says we are stronger than ever and all projects are poised. He says the delete the zeros is still on the table as Iraq moves forward. FRANK: It's encouraging to see Suandi repeat once again the same words. That means you're about to see it. He says the project is still alive. I'm excited that they talked about a fixed rate rate verses a float. They could float at a fixed rate and cap it very quickly. I've got a feeling that's exactly what they're going to do. MarkZ [Reference Frank26 post 7-8-2024 re: HCL below] I will agree with that. And it certainly matches with some of the news I got from Iraq today. I was told from day one that when we see the HCL… within hours - we will see the new rate.
  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... So, take everything with a grain of salt ... RON Kaperoni Article: "Securities Commission: The government has successfully completed the sale of financial bonds" Walkingstick The monetary reform is secured by the reserves. The reserves that back up the currency is the control that the CBI and Saleh is talking about when he says we have a strong exchange rate at 1320 because he can control it and he can change it at any time he wants. He's not just talking about what they know they have ...the billions and billions of dinar that were brought back but it also includes all the tapped sources and untapped sources, gold, phosphate, oil, diamonds, etc, etc, each one of these categories alone can support the monetary reform. Frank26 What do you get when you have the HCL? Nano seconds later the new exchange rate. The events you're seeing, the things that are happening right now, the alignment of many stars, of many events are only pointing in one direction, that there will be an announcement of a new exchange rate very soon to the Iraqi citizens. Fnu Lnu Community Comment: "Wealthy people invest their initial profits. he first person they hire is a financial advisor. The second is a tax professional" This is not what you do with your initial profits. What you do is construct a financial fortress by setting up an ASSET PROTECTION PLAN! Lawsuits, taxes, and probate, are the wealth killers. Failing to set up an asset protection plan will almost guarantee that you will be sued. There are people who make a living seeking out the wealthy and then suing them. The first person you seek out is an asset protection professional of which there are few. [Post 1 of 2] Fnu Lnu 1% of all attorneys hold themselves out as AP specialists. After the RV, they will be booked up solid for months. Your AP specialist will have the proper CPA's to maintenance your wealth protection structure. The average CPA doesn't even know how to file the proper forms for a Charitable Remainder Unitrust report for the IRS. So, hire your AP professional... stay away from Financial Advisors who push foolishness like Muni Bonds, IRA's, 401K's. Mutual Funds, and other worthless paper-based assets. Certified investors have access to high-yield investments the common folk do not. Those are your path to multi-generational wealth. [Post 2 of 2] MarkZ I’m expecting a lot of news throughout the week… I am expecting we will have an extremely busy 4-7 days right now. There are a number of groups with expectations for around the 12th. Everything appears to be lining up... I’m praying this is our week. I have extreme anticipation for this week. Pimpy July 18th is going to be good. They get to go there, meet with the World Trade Organization. There's going to be information and reforms and requests made by the WTO that they are going to hand off to Iraq. Iraq is going to go over there and drop off additional materials that was requested from the last meeting and ask questions to make sure their accession into the World Trade Organization continues to go as smoothly as possible. As far as the exchange rate is concerned, no it's not going to be brought up there because that's not the job of the WTO.
  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... So, take everything with a grain of salt ... RON Militia Man Saleh has been very vocal about...the exchange rate, inflation, their reserves. His positive tone has been very well accepted because this is his fourth one... the reason there's positivity is because of where we have been in the past and what has been transpiring ...What is different in the last year and half since Al Sudani arrived is amazing. It's immense. And the totality of it should have everybody pretty pumped because I see it as light at the end of the tunnel. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament demands, they are demanding on television that they want full control of the parallel market...and to prosecute the ones that are manipulating the dollar rate. What a joke. It's half of parliament who are the crooks that are doing this. They are the ones causing this mess. FRANK: They want to stop it because they know what Sudani has done already with the monetary reform of your currency because it's no secret and somewhere around the 14th we may see another move by Sudani. Parliament wants to be a pain and delay and cause problems, don't pay attention... Mnt Goat ...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it. MarkZ Article: “Unfolding structural economic transformation in Iraq” This article...is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate. [ REPOSTED ]
  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... So, take everything with a grain of salt ... RON Walkingstick The ATM machines, they're all poised like centurions that are standing there. These ATMs are guarding the lower notes. It's time for all of this to come out now. It's just the budget we are waiting for. We're not waiting for any laws, we're not waiting for any new procedures. Clare WTO Article: "FORMAL WORKING PARTY MEETINGS 2024 on 18 July 2024 - THU 18 JUL 10:00 Working Party on the Accession of Iraq" Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO. This is going to be official, July the 18th. FRANK: To join the WTO Iraq does not need a currency with value. No, that's not the point. Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market - whatever the case this is very good. Let's hope this information is correct..! MarkZ Something fun popped into the news yesterday, both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July. Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July. That tells us how stinking close we are. Why would they need these lower denominations - unless the currency is worth more? Let's hope this information is correct..!
  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... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend Aki update] AKI: It's about time. WAlKINGSTICK: What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes. That's what he meant. Suzie WTO Article: "FORMAL WORKING PARTY MEETINGS 2024 18 July 2024 - THU 18 JUL 10:00 Working Party on the Accession of Iraq" This is good news for Iraq on their accession to the WTO. Hopefully they will have or shown us by that time a new rate for the dinar. While international trade and economics are the important criteria for membership, having an international tradable currency is not a "cast in stone" issue but I certainly would think Iraq WOULD want that for credibility purposes if nothing else.
  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... So, take everything with a grain of salt ... RON Frank26 Question "What does the 'coming period' mean in Iraq time?" It means in the near proximal future. It means within arms reach. It means it's already happened... or they never would have telegraphed it the way they're doing now. That's just the way the Middle East is. An idiotic question with a very questionable and biased answer. Frank is so full of sh*t..! Guru Samson Article: "Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms" Militia Man They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.
  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... So, take everything with a grain of salt ... RON Frank26 [Response to IBBC video this morning] The video starts out by maybe being a little negative by saying these are the problems that they have, and then at the very end, it's just amazing what it's done with its reforms and positive ending. This video is a summary of everything that the monetary reform has done thus far and what it's about to do next. IMO that's the ATM machines and then the float. Nader From The Mid East Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad. It's more good than bad, but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.' Militia Man Article: "IBBC Conference: Much to Celebrate in Iraq as Energy takes Centre Stage" This conference seems to be shedding a positive light on Iraq. There is good reason to in doing so. Iraq is about to break out in a very big way. No stopping her at this stage now. Way too many legal obligations on the table. There will be far more to come [See the IBBC Dinar debate video] Fnu Lnu [Response to Guru Kaperoni's post 6-21-2024] I have...reviewed several different sources who all report the "new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)" is, in fact, accurate and written the same in all the sources. Just because [Guru] Kap doesn't want it to be true doesn't mean it is a mistake or misprint.
  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... So, take everything with a grain of salt ... RON Mnt Goat Article: "DETAILS OF THE MEMORANDUM OF UNDERSTANDING SIGNED BETWEEN IRAQ AND HONEYWELL OF AMERICA" Quote:“The memorandum that was signed aims to develop projects for developing refineries...noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to raise financial returns and thus support the national economy.” Folks, they just told us they will be expanding their oil capacity. Iraq will also be selling these refined oil products to the rest of the middle east and probably Europe and the US. How much more revenue will Iraq generate before they finally give us the new rate? Yes, there is a plan in place... all the signs are pointing now to much, much sooner than later. I certainly hope its June...
  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... So, take everything with a grain of salt ... RON Militia Man Article: "Iraq bids farewell to the list of high-risk countries" We already heard talk about them going from a black list to a gray list. Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week. This step will will also make Iraq a destination and a source of interest for major International Development and investment companies." Iraq is on the runway and ready to go, take off. Jeff The budget is approved with the dinar valued at today's Central Bank value, 1310. That's not a rate change. What brings the rate change in is for the current budget approval to be overturned. That's what you're looking for, the court's ruling to overturn the approval which welcomes a rate change. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani's making another speech. He said something very interesting. My cousin caught it. Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That's right. Remember? How many times have they been saying that, over and over. FIREFLY: However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar... And Now, Some of Mark's over the edge And a BS Rumor from Pimpy MarkZ I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations. Question: If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically? Mark: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side. The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move. MarkZ Question: Did you hear from your Bond Contacts? Mark: I do have a couple more who were told to expect theirs tomorrow…they were told today that those appointments for tomorrow are still set…and the expectations are that they will complete this time. I find this very encouraging. If we see that - I believe we can then be excited…and all bets are off on timing. Question: How long after the bonds go will we go? Mark: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time. Pimpy Let's go ahead and address a rumor that's going around: the exchange rate is going to be $28 to 1... When I heard that I damn near fell out of my chair. There's so many people kind of getting excited about...wondering is this real? You should ask yourself which currency out there currently is the most valuable? That'd be the Kuwaiti dinar - I think it's $3.22. Do you really think it [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1? Yikes. Obvious answer - NO..!
  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... So, take everything with a grain of salt ... RON Militia Man When you drop three zeros it creates value. It's that simple. And when you add a real effective exchange rate to that value that's created from dropping the three zeros, that's when the fireworks begin. MarkZ Question: Is watching the HCL implementation a good indicator? It’s a very good indicator. I was told since very early in this process that this was a key indicator…along with the inversion in the bond markets which we have seen. Frank26 Article: "Al-Sudani: Iraq's interest in developing gas projects will provide job opportunities and give the economy added value" I HAVE ALWAYS SAID THE MOMENT YOU SEE THE HCL, SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE! Sandy Ingram The Central Bank of Iraq denied issuing a new currency denomination. The decision highlights the bank's confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations...
  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... So, take everything with a grain of salt ... RON Nader From The Mid East Somebody says I said the exchange rate is going to change on the budget. I never said that. I never said the budget has an exchange rate. Never said. Somebody else though been telling you that, not me. I never said that. I will never say it cuz I don't know if the exchange rate is in the budget or not. I don't know. I cannot tell you, no, it is not and I cannot say, yes, it is...I never said, in the budget there's a rate change. I don't believe in that in the first place. MarkZ Article: “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals” These are things to develop a very robust Iraq economy. Militia Man You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate. I think these guys are about ready to expose that. I think al-Sudani and Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly... Jeff At this time the budget is not published in the Gazette. The budget has not been implemented because it can't be implemented until the court finishes their appeals on it. The Maliki crowd strikes again..!
  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... So, take everything with a grain of salt ... RON Frank26 The third phase of the monetary reform is being introduced... There are 7 parts to Phase 3... Article:"They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform" Quote: "...include the ability to issue medium and long-term securities... increase gold reserves and offer new issuance of high quality currency." It doesn't get any better than that.
  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... So, take everything with a grain of salt ... RON Clare BUDGET SCHEDULES WERE NOT PUBLISHED TODAY [Wednesday]. THE GAZETTE COMES OUT ON WEDNESDAYS & SATURDAYS. Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the budget didn't go to the president for signature but to the publishing in gazette... When the budget is in the Gazette it will go live. So that means a new exchange rate will come soon to correct that new budget because it can't handle all of these projects at a program rate, correct? FRANK: That is correct. It is also the monetary reform plan of Dr. Shabibi. Bruce ...we got some information from one of our sources in Iraq - Very powerful - spoke with Dr. Sudani, the prime minister of Iraq...He said that the rate on the dinar and the budget...had been handed over...to their official documentation to their official record...but... We haven't had publishing in the gazette yet... the theory is that... once we have the Iraqi dinar out with a budget...in the printed version of the Gazette ... we have a “Game Over”...
  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... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend Aki - highest level banking meeting update] Sudani is putting contracts in place to be implement inside of Iraq. Sudani has been doing this with thousands of contracts. "In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects. Those contracts will be fulfilled for their value but paid in IQD's only. Samson Article: "A parliamentarian challenges the budget schedules before the Federal Court.. Document" Jeff The budget is unconstitutional and appeals have already been filed with the court. The court is going to step in, it's going to be overturned. [Reposted]
  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... So, take everything with a grain of salt ... RON Jeff There's many disagreements with the budget, possibly causing it to be overturned via a court appeal... The actions of what was done with the budget was against what they were allowed to do so the legal system might be overturning the budget's approval...The House of Representatives... went beyond what they're allowed to do. The fact that they approved the budget unlawfully might be getting overturned. The budget might get squashed... Nader From The Mid East The UN agreement, 2003 when they invaded the country, now they said the last day is next year 2025. They've been talking about the end of the war and this is one of them. That is very good news. We talk about sovereignty, that's one of them. It's good for Iraq. It's going to make Iraq stronger and happier. Sudani, what he's talking about the coalition gonna leave in 2025 - it's official. MarkZ ...there is contention as to whether the president has signed it [the budget] yet or not... And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget… and execution. Maybe we will see the printed budget by Saturday now... I’m still hearing positive things for the 7th through the 9th. Pimpy Iraq is on the verge of getting their full sovereignty which is awesome for Iraq and a huge step in going in the right direction. Article "Al-Aboudi: The decision to end the UNAMI mission in Iraq is a major step for full sovereignty"
  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... So, take everything with a grain of salt ... RON Kaperoni Article: "Specialists identify a number of factors to end sanctions on Iraqi banks" Militia Man If all you [Iraqi citizens] own is dollars, and they change the value to a real effective exchange rate, back to where it was in the previous era, they say back to 1980... Sudani said the dollar is going to be weaker, or he said it in a way that the dinar is going to be stronger than the dollar. That's the whole goal. You drop the three zeros from the currency, you're going to add value. That's all there is to it. That's how it works. That's just not my opinion as far as I'm concerned.
  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... So, take everything with a grain of salt ... RON Clare Article: "PaPrliament sends budget schedules to the Ministry of Justice... for this reason" Quote: "Today, Tuesday, the Presidency of the House of Representatives sent the 2024 budget tables to the Ministry of Justice for publication in the Al-Waqe’at newspaper." The Al-Waqe’at newspaper - IS THE GAZETTE. MarkZ Comment: It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal. If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday? Mark: Exactly... At this point we are expecting it to be published in the Gazette [Wednesday] or Saturday... There is a mechanism to RV in the budget. And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat…we will see... This contact works in the government in Iraq.
  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... So, take everything with a grain of salt ... RON Pimpy Article: "Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq" It isn't just about the de-dollization, this paper covers the banking reforms, the state of politics... the state of security. It also covers what Iraq needs to do to increase the exchange rate. It also talks about what Iraq needs to avoid to keep from having to devalue the currency even more. It isn't just as easy as, 'Hey increase the exchange rate so we can end all of your problems.' ...It's 30 something pages long. There was a lot of information in there that I was shocked about. Militia Man They're talking about a massive deficit...$210 trillion budget. It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!? And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget]. There's something up folks because 1310 doesn't work. Kaperoni ...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly. Nader From The Mid East Comment: 'Nader you said it was going to happen in June.' No I didn't say in June happen. I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August. They created a new white paper. They're going to start working on the exchange rate and I think from here to the 8th of July. We'll see what's going to happen. Deepwoodz Question: "Don't they have a deadline for these budget things by June 9th?" I think June 9th was slated as the end of their legislative session post extension. Time will tell as to the importance of it.
  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... So, take everything with a grain of salt ... RON Militia Man Article:"Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the schedules" Quote: "Parliament decided, according to the agenda, to hold its twenty-seventh regular session next Monday..." I am not sure how long voting will take on the paragraph. But, if they are going to vote to do a budget at 1310 that would have a deficit of 64 trillion that would not be good for the people and they want to see another term in office they'll need the 3 zeros to be removed from the exchange rate. If there isn't a removal by Al-alaq they'll be in a pickle be sure. Jeff The budget will not be approved Monday. It's going to be another failed attempt. Nothing will happen with the budget on Monday. It's going to be a failed attempt to approve it.
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