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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Kaperoni The IMF came out...stating that they expect significant economy growth in Iraq next year to 10.5% and inflation to go down to 4.5% out producing all other oil producing Middle Eastern countries. To be honest those are pretty big numbers coming from the IMF so they must be confident that Iraq is about to turn the corner and build their economy. ** Okie_Oil_Man I owe so much to so many for all their prayers. I believe those prayers are literally keeping me alive. I just passed my 80th birthday and I thank the Good Lord for giving me enough years to see us all in the position we are in right now... I am expecting great things to happen rather suddenly. I have been in this since 2003 and...I am expecting it rather soon...I had to post this here because Okie is such a legend in the Dinar community - even though most has been on the wild rumor side. I'm rejoicing that he Thanks The Lord and credits our prayers as prolonging his days during some serious, life-threatening illnesses. ** Desert Advisor Article: "Iraq's Government Interventions Prompt Improvement in Forex Reserves" They're heavily talking about Forex publicly now...they also mentioned that Iraq is trading strong against the global currencies already. Which I was kind of confused because I really couldn't see anything else to verify that it is trading internationally but that article mentioned it so check it out yourself...
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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. More Al-Sadr references, and perspectives... RON ** Newshound Militiaman On the day of election results we see that Sadr is saying... "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"' I am not sure what his definition of gradual is but, Article 8 is fully international, therefore, at the starting gate there needs to be a beginning. Going international at 1460 imo is not in the cards. Sadr is not the financial expert in charge of changing the exchange rate. The CBI is and will be. imo. Regardless, change is coming... ** Newshound Kaperoni Looks like the Sadrist bloc (Al-Sadr) will be the majority from the elections. They will have the right to choose the next prime minister. Since he does not get along with Al-Maliki we can assume it will not be him or anyone from his party. As for current prime minister Al-Kazemi, he may very well put himself in position for tenure as prime minister and to achieve his economic agenda. ** Newshound Pimpy I'm glad this election is over. As you can see the rate didn't change...people spreading rumors about how the rates gonna change on the day of the election although that would probably be a real sneaky tactic...What is the next benchmark here? Oh yeah the 17th. That's the other one everybody is talking about. We will see. Hang tight. Like I said it won't necessarily be an RI or RV. We're going to see it jump up in increments. As long as the economy continues to grow in strength, the private sector is being built, they're not relying so much on oil, there's a lot of factors. So far so good. I'm happy and I'm curious to see who won... ** Vital Brad's Dad There's probably 5 people or less that have any kind of indication as to when it may actually fly. And there may still be things we don't know of that have to be put into place either in Iraq laws/governments/whatever before it can actually go...There may still be things out there that need to be done that we don't know about...but again, turn around and it could happen on the 17th... ** Intel/Newshound Mnt Goat Article: "AL-SADR: WE WILL WORK TO RAISE THE LEVEL OF THE IRAQI DINAR" ...Could the news get any better? Yes, they are coming right out now and telling us now that they fully intend to go international (FOREX). I quote from the article above – “The people’s oil is for the people, and we will improve the dinar to be in the ranks of international currencies gradually and activate the role of clans to support the stability of Iraq”... That's All Folks ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" This is the one everybody's talking about...the wording in here is a little eye-catching...what I like is the fact that they're saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down...That doesn't mean there's going to be a rate change...they're definitely building up the private sector and that's what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there. ** Desert Advisor A few weeks ago it was announced by one of the representatives about the price of oil. Quote: "Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars..." They are announcing publicly from pretty much their members of congress talking about they want to raise the rate. ** Kaperoni Al- Sadr made a statement ...in the media after winning the largest Bloc that "We will work to raise the iraqi dinar to be in the ranks of global currencies gradually." In other words there is no overnight RV as I've been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy...A different perspective & interpretation of Sadr's statement...!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy Article: "AlKazemi's advisor proposes solutions to reduce the value of the dollar" Don't get mad if there's no RI or no RV. I'm not saying those won't happen but what I'm saying to you is don't be surprised if you see it go up in increments. I'm just saying...this does not mean they're going to increase the value of the dinar. He's saying we have the ability to do it if the following takes place. Let's feel good about that. I do think they're going to increase it...I thought they would have done it sometime this year maybe toward the end of the year but let's see if the value changes. Don't go looking for no $2 or $3 or anything like that. If anything they'll probably go back to the other rate. (Post 1 of 2).. *** Pimpy I know it's not what you wanted but just hang tight people. I'm telling you as Iraq continues to rebuild, their country is going to need more and more purchasing power. But they need things in there to make sure that their economy stays stable. Foreign reserves have to increase. Oil has to be consistent. They have to build the private sector. They're starting to be more and more on the international scene. They seem to be taking a leadership role in the Middle East...they need to be strong. Secure. Safe. Back on the international scene doing trades and they've already been in the process. But most of all IMO we need to see Al-Kazemi get back in there for reals. (Post 2 of 2)..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy ** It looks like an all fair election, transparent and clear. No hassles. No nothing. From all the stories that I've heard including people I spoken to over there, it went without a hitch. Which is surprising. What I mean by that a lot of elections in the past have been questionable. Everybody seems to be happy. I mean everybody. All the way around. We'll learn more in the coming days that's for sure. The results should be finalized by only a few hours from now... ** MilitiaMan ** Article: "New instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" ...we can see that there is a convergence and a preparation for an event to take place. An event that is suggested to be of such importance that is can make or break the country's efforts to initiate, revive and strengthen the country's economy and currency. ...An internationally accepted currency brought out by the CBI may just do that...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan *** Article: "Iraq's Govt Interventions Prompt Improvement in Forex Reserves" It's interesting the way they speak of how the Iraq Dinar is performing with the strongest currencies on the markets, when what is out there suggests they are not performing in the Global markets that we know of from a US perspective anyway...As they told us recently that the CBI has had over the last 9 months kept the program rate of about 1460 IQD/1 USD stable and the Cadres are aware of that. In fact, hundreds and hundreds of central banks, finance Ministers, etc, all know that there is a digital transformation going on and yes Iraq is apart of that. In fact, Viet Nam is too imo...What I think this is about is an educational event and for what to expect in the near future.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "Create a website and email for all licensed (A,B) exchange companies"' Man I'm telling you Iraq has been zeroing in on exchange companies a whole lot trying to reel them in get them legit. There is a lot of chitta chatta out there about exchange companies. ** Kaperoni ...removing the paper notes. 1st that would screw with the exchange rate which is stable. And second they would have to have keys to peoples homes to remove them from the mattresses. ** Pimpy Election time...What does that mean? We're gonna find out real soon...the U.N. is obviously ready for all of this...sends over 800 U.N. observers to participate in Iraq election...France, Britain and the United States are all sending over people...all in all there's 14,000 so-called observers that are going to be there. That's crazy. It's going to be interesting to see...we're crossing our fingers hoping for continuing to get Kazemi back in there...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "Comment from Washington on next Sunday's elections in Iraq". We're...days away from the election and there's nothing but buzz going on. I'm excited about it. I'm crossing my fingers and hoping that Al-Kazemi wins again and he continues this great move in the right direction. We'll see here shortly...everybody and their mamma is watching this one... ** Kaperoni For those that may not be aware there are elections coming up in Iraq to form a new government and prime minister. This usually takes about 3 to 6 months to complete. So nothing is getting accomplished until after that time frame. ** Mnt Goat So, this week part of the latest...speculation was that the CBI had the banks load the lower denominations in the ATMs...such as the 1, 5, 10, 20, etc. No they are NOT! So what do I do? I call the CBI and ask them what they are doing...I got it right from their mouth. These are just more of the 250, 500 and 1000 notes. ...So, there is good and bad news... Bad news in that it is NOT what we are looking for in the process of deleting the zeros project, thus the revaluation. ...The good news is the citizens are getting used to using these lower denominations and we all know the next step is to launch the 25, 50 and 100 notes but not until they can revalue significantly.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 ...because they [Iraq] are Article 8 now they have the mechanism...it's a tool given to them by who? The IMF. To do what? To leave their border and to allow the currency to go up in value. Investors of the Iraqi dinar would you like that? ...The evidence that they are Article VIII is that they are using the mechanism to raise the value of their currency... ** BobTheTaxMan Now if the Biden Administration does get what they want and if they do limit our retirement accounts to 10 million dollars this could be a problem Houston...The way around that is your IQD is sitting in your Roth [IRA], you can always pull those notes out because there's no taxable event to pull those notes themselves out and put it into a CRUT (Charitable Remainder Unitrust). That'll take that limitation away. You'll still get money out of that which will be marvelous...[Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances] ** Mnt Goat The Ministry of Finance announced...Tuesday, that the highest foreign currency reserves in Iraq since in 2014 when they amounted to $82 billion. So, they are now over that amount...They are probably reaching about $90 billion? Then in another article...they tell us that the monetary policy of Iraq depends on the amount of foreign reserves supporting the Iraqi dinar, that is, the efficiency of the reserves and their escalation towards safe lines...we have been watching the amount of reserves all along as a positive sign of moving towards getting the project to delete the zeros accomplished. So this news today reinforces our hopes. ** Pimpy Article: "Adviser to the Prime Minister: Offering and selling government bonds to move idle money" Doesn't that look like a nice stack of - I don't even know what denominations those are. I have a feeling they're the bonds themselves because the article is about bonds...I've been staring at them trying to figure out if those are a denomination of some sort. But if they are they're definitely the lower ones. It looks like maybe the tens. That'd be weird for them to be handling lower denominations since they have, oh I don't know, zero value at the moment! Are they showing us something? Is this a hint? ...This is probably an old picture, if not it looks like they're pulling out the lower denominations. You never know because they keep talking about the exchange rate once again...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 [Boot-on-the-ground Firefly TV report] FIREFLY: TV says today the Arab payment system has linked with the Islamic banking and now can interact with with payments...now Saleh on TV talking about need to lower dollar exchange rate. Saying they have reached maximum efficient at current rate and to make projects work they need the exchange rate to favor a stronger dinar value. Saying Iraq must have plans in place and get this done. (Post 1 of 2).. ** Frank26 [Boot-on-the-ground Firefly TV report continued] FRANK: All they are doing is preparing you...for the announcement of your new currency and your new exchange rate by injecting ideas into your mind into your daily lives that you are about to see a new monetary reform for your currency...What Saleh is trying to tell you is that you now have what is called in the financial world the REER!!! He is expressing to you that you need this true value for your currency in order for everything to work..(Post 2 of 2).. 10-5-2021 Newshound Guru Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. (Post 1 of 2)..reposted 10-5-2021 Newshound Guru Pimpy Quote: "there are expectations that the Iraqi dinar will improve with the development of reserves and this is up to the monetary policy especially since the timing is appropriate and the opportunity is appropriate provided that there is financial discipline and correct development and without them there is no value." I told you guys it wouldn't take no 5 years for them to increase the value. My thought was you would see an increase over time because as they continue to rebuild the country they're going to need that purchasing power. (Post 2 of 2)..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Mnt Goat ** Article: "A SOURCE FOR “ECONOMY NEWS”: THE BONDS ARE WORTH A TRILLION DINARS AND WILL GO TO FILL THE BUDGET DEFICIT" This article to me speaks volumes. They are going to finance the rebuilding of their cities and do it through bonds. WOW! ...by not borrowing from the IMF they have made a huge leap in managing their own monetary policy and this is exactly what the IMF needs to see...remember... they told us the ISX was now free of all international sanctions. This means they fully intend to go international with the ISX...I believe this is coming soon as we get closer to January 2022... ** BobTheTaxMan ** Cryptocurrencies are here to stay. There's no way around it. It is here to stay...the internet of things...if you haven't thought about or heard about it you're going to learn about it because it is the basis of everything in the future... getting yourself into the cryptocurrency world is just an absolute absolute...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni Iraq has had significant success and accomplishments over the past two years...Everything from the creation of the "white papers" to successful investment conferences and the signing of agreements to ongoing stability in the country. As well as the CBI's reduction in the exchange rate to encourage economic growth and progress towards the digital dinar....If you take away anything from studying Iraq you should learn that watching Iraq's economy develop is the most important thing to the success of the banking system. Without a diverse economy, nothing is going to happen. *** Pimpy Article: "Bret crude jumps above $80 a barrel for the first time since 2018" I was expecting this to happen sometime in July but it's definitely here now at the end of September. Bret crude jumps up to $80 a barrel I was expecting it to hit $100 by the end of the year but we'll take it right now. This is good. The higher it goes the better it helps out Iraq as far as getting money together and being able to spend this money on private sectors, building jobs and getting away from reliance so much on oil as main source of income... *** Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: Board of directors of CBI held big meeting...making sure all banks under CBI have their training completed saying all training should be complete and meeting was to make sure…doing training with new notes they now showing us ATMs… FRANK26: ...some banks are finishing up the note training as well and...they’re talking about the training at the CBI that it is complete... the only training they are doing right now is showing the tellers the new small category notes and the new exchange rate and how it works with them so that they can show the citizens... Notice they said near future it is close to our near proximal future… FIREFLY: we like what we hear...we like what we see…. FRANK: things are moving in the right direction as the process continues...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat Article: "IRAQ AND SAUDI ARABIA DISCUSS STEPS TO ACTIVATE TRADE EXCHANGE THROUGH “ARAR” Good..! More customs and tariff fees to collect. It is also a good thing that Iraq break away from trade dependence on Iran. You will see why shortly.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat Article: "HOW IS THE EXCHANGE RATE STABLE?" ...they are clearly talking about a pathway to returning the dinar to its glory days prior to the 1990’s invasion and NOT just pre- December 2020 devaluation rate. We all should be very happy as they are showing us the principals involved and how they plan to get there. Remember these items are all also in the White Paper...they are telling us “regarding the return of the official price to its previous era” that there are three (3) things now in the way holding up the return of the dinar...(post 1 of 2).. *** Mnt Goat 1. limit the huge demand for hard currency with the aim of stabilizing the price and reducing it to less than the official rate... 2. Need to control currency smuggling, and this matter needs great capabilities: We all know the culprit here is the currency auctions... 3. Iraq needs time until the government controls the payment of its debts and the monetary reserve remains at the internationally accepted limits ...they are all interconnected and are already in motion now since December 2020...So, this stuff is...happening right now and has been ongoing. What we don’t know is where do they stand right now? (post 2 of 2).. *** Frank26 Your [Iraqi citizens'] government is now buying and selling your oil in Iraqi dinars based on an RV calculation that was done many years ago...they took it all the way up to $125 [Dinars?] a barrel...Buying and selling with the Iraqi dinar. No longer with the American dollar. This is huge. This is a huge step in your monetary reform. Hoo Rah !!!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Is that right? Did I hear a rumor they want to reinstate the rate? That's what everybody's talking about... Article: "Parliamentary movement to change the dollar exchange are in the 2022 budget" Are we getting the RI here? Be careful about how you read these articles... Quote: "Economy investment committee revealed...the existence of a parliamentary movement aimed at changing the exchange rate of the the dollar against the dinar and the draft budget law for the year 2022..." Parliamentary sure is pushing back hard. They want that rate change to happen. We know the new budget is coming out...they're talking about moving the price down to 1190 dinars for every dollar (Note: moving the rate down is what we want to see. That's good for dinar holders. But moving it a lot more is better. )... ** Mnt Goat I have to clarify...what...is being televised on Iraqi TV. They are simply telling the people they want to go back to the pre-December 2020 devaluation rate for the dinar. Would this be a revaluation? Yes, it would, but obviously it is NOT what we are looking for...For what we want, we need them to conduct the project to delete the zeros and bring the dinar close to $1. Then to reinstate it on FOREX. This is something that is not just going to happen overnight...It is a process and we are going to get plenty of advanced notice when it is time... ** Frank26 {Q? : Does the paying off the Kuwaiti debt have anything to do with the monetary reform?} All of you who said yes, you're wrong. It has nothing to do with it. Nothing. Iraq owes them 5 bucks. So they pay them 5 bucks. Where's the small category notes? Where's the new exchange rate? Yeah it helps their credit rating but it has absolutely nothing to do with their monetary reform of the Iraqi dinar...but the fact that they're making these payment tell you? Something is going on at the CBI and the exchange rate of the Iraqi dinar...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 {Firefly Boots-on-the-ground TV report:} FIREFLY: Finance Minister is on the news again and he's saying that the White Papers are here to fundamentally change the Iraqi economy and also said Iraq needs to float the dinar internationally on a global market and gain the true value of the dinar. He said it's time for Iraq to be a leader in the region and it has proved to these countries we have stability and the other countries realize this... FRANK: The fact that they're telling the citizens of Iraq means it'll be in print soon... *** Pimpy Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it" Did they say what the rate was? Drum roll please. I don't think the rates in here. It's doesn't say what the rate is so there's going to be a lot of talk and speculation between now and before they reveal it to us I can guarantee that...So they told the news that the increase in the dollar exchange rate is an idea that has been discussed for years. The previous governments did not dare take the step because of the risk and controversy surrounding it... *** Mnt Goat I am following the implementation of the white paper very closely as I believe this is what is going to get us to the bank. *** Frank26 All the central banks in the world met on the last day of the Baghdad summit when they closed the doors to show this delegation that you are Article VIII and confirmed with the world's central banks IMO that a new exchange rate and a new currency for Iraq is about to be introduced... *** Pimpy I really think we're in a great position. Seriously, if we could just be a little bit more patient. A lot of people have been waiting a long time. I get it. Right now we're seeing a lot of progress with Iraq like never before. Corruption has been dwindled down. We have a very transparent government there. Al-Kazemi seems to be well on his way of putting Iraq out there internationally. Building relationships with people. Keeping the country stable...Once they've rebuilt their economy and it starts to get stronger the currency will itself become stronger and will increase in value.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat Our RV news this period is VERY GOOD. We heard from the Finance Minister Ali Abdul Amir Allawi as he confirmed once again that the white paper “seeks to fundamentally change the nature of the Iraqi economy”. WOW..! What good news this is!...This is the guy that is going to add support for the currency reform we are looking for. In other recent past articles he talked about the necessity to put the IQD out on a managed float on the global market place and he did reference FOREX itself. This was WOW news for me and so we sit and wait for his next move. *** Frank26 Article: "The Central Bank of Iraq revealed the mechanisms that it will adopt to deal with oil price differences" I know it's a new rate isn't it? Yes...Behold the announcement of the announcement... Quote: "The Deputy Governor of the Central Bank of Iraq indicated that changing the dollar exchange rate is a studied step from several sides, and the decision to amend was taken only after extensive studies by they Ministry of Finance and between the Central Bank and in agreement with important international institutions for a fair situation of the dollar." Behold the announcement of the announcement... Quote: "...the exchange rate change was long overdue, and it was supposed to be adjusted from 2010..." These are exciting times...! *** Kaperoni Despite the guru's attempts to get you excited that some fictitious RV is coming, nothing is going to happen anytime soon. Iraq has a ways to go to create a suitable business climate encourage foreign investment. Only with the success of Iraq's economy can the dinar rise in value...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Some of you guys are like, 'No, if they do the LOP and what happens if they're right and then you're 25000 [notes] become 25?' Are you kidding me? What company is gonna risk going into Iraq after they just screwed over millions of people on that rate? No. No. We all know investments are a risk but you do that you could see the backlash like you wouldn't believe. There's no way in God's green earth that you're going to see Iraq screw people over.... ** Frank26 Article: "A government source identifies the reason for the low exchange rate of the dollar in Iraq" How come everyone now is talking about raising the value of the Iraqi dinar? Quote: "...the dollar's prices in the markets are currently affected by supply and demand... the most important factors that greatly effect the exchange Raes of the dollar are the decisions taken regarding changing the exchange rate of the dollar..." ...when you float your currency outside your country it automatically raises the value of the currency. It automatically changes the exchange rate.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Desert Advisor Article: "Al-Nusari: Monterey stability represents the starting point for economic stability" Before you can reform your economy you have to reform your monetary policy to make sure the foundation of your economy is strong. Are they going to work on the .006? That's what everybody is waiting for most... *** Frank {Firefly Boots-on-the-Ground} Statement:"This is going to cause a problem with speculators to buy a lot of dinar if they show the new small category notes first and then later the exchange rate." The CBI is in full control of their currency and monetary reform and their exchange rate. They have already stopped selling the Iraqi dinar. Why do you think it's so hard to get it. They stopped selling it to the wholesales over two years ago...the CBI knows exactly how much is in the broker's hands/vaults. (Post 1 of 2..REPOSTED for continuity).. *** Frank26 So that amount that the people would buy right now because of some speculation they're going to come out with a new rate. Now if they show the new small category note, those notes, those amounts have already been calculated in the RV phase of the monetary reform. It has already been calculated in their M figures so any shark or whale that would buy billions of dinars will not affect the monetary reform. He would not affect the reinstatement phase. It's already been calculated...(Post 2 of 2])..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Militaman Article: "Iraq and the United Nations sign a framework for joint cooperation in a number of fields" ...The timing is very interesting. Tomorrow morning the meeting is to take place and two key components within the frame work are the development of the private sector and the government reform plan within the white paper...If there are any other shackles holding Iraq back from getting into the private sector, it may very well be done with post tomorrows morning meeting. I recall the UN has had a hand in Iraq sanctions since 2003. Many were lifted. Is this meeting about the last sanction left, the devalued currency since the last war? I am not sure but, the timing looks perfect. *** Kaperoni ...Pimpy needs a lesson in mathematics. He thinks Iraq can pass Kuwait's exchange rate. Kuwait only has about 40 billion dinar in circulation, while Iraq has well over 45 trillion. They either need to significantly reduce the currency in circulation via a float over time or they would have to LOP/re-denominate as I've already mentioned reducing trillions to billions. Kap makes a good point regarding Kuwait & Iraq's circulation disparity... RON ** Pimpy It's looking good..! The more Iraq keeps taking a leadership role opening up to the international community, getting away from relying so much on oil, open up the private sector. This is good. I can't stress this enough It's going to be really hard for Iraq to rebuild its country when the value of the dinar is so low. The cost of importing things from other countries are going to get really expensive. They don't have anything to export (other than oil & natural gas) so there's no need to want to lower/devalue currency...everything is looking groovy.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 Article: "The Iraqi Finance Minister supports the floating of the currency" Quote: "The Iraqi currency is floating, but the central bank intervenes from time to time until it places it pithing a certain bar...floating the currency is fully or partially liberalizing the exchange rate..." Let my exchange rate go..!!! *** Pimpy You guys brought to my attention the article in which a Financial Minster of Iraq Allawi says he supports a floating exchange rate which is good...that means the market dictate the value of the Iraqi dinar. That means the Iraq dinar is not pegged to the US dollar any longer. Good. That's what you want. But it's not a true floating exchange rate. That's what we call a managed float or a dirty float. In other words it floats on its own depending on what the market things of it but if it goes too far one way or the other the bank interferes with the rate change and affects it either way - going up or down.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON Sorry guys, I accidently posted this in Iraq & Dinar News forum by mistake. ** Frank26 Article: "The Minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change." What?! This is the fourth article saying that they changed the exchange rate...they're telling the 2022 [budget] is of a new dimension. It is something that they've never ever witnessed before. A new exchange rate. Quote: "The process of changing the exchange rate was not easy...should have been changed years ago." ** Breitling I still see the rate coming out in the .50 to .60 cent range and then growing from that point. But if the United States doesn't have as much control as they did and somehow we pull more troops out of Iraq you're going to see a de-dollarization and you're going to see them add value to their currency literally overnight. And you need to get out [of the dinar/exchange]. You need to be prepared...it's not going to threaten the revelation of the Iraqi dinar. If anything it's going to quicken it and that's the way you have to look at it. ** Kaperoni The two most important facts that everyone should look at when they consider the dinar. 1. How much dinar is in circulation? Answer- well over 42 trillion. 2. What is Iraq worth? Answer- all the minerals in the ground including oil is only around $16 trillion. ** Pimpy I believe the Iraq dinar rate is going to change for the better. I believe it's going to get back up there. The reason for that is...in comparison of Iraq country to the Kuwait country and if you look at the things that contribute to the value of the dinars, their currencies, you could see that Iraq clearly has more to offer...should have a stronger dollar but right now the Kuwait dinar is the most valuable currency out there...I know the Iraqi dinar is eventually going to catch and pass the value of the Kuwait dinar. If anything it's probably going to be the most valuable currency.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy Shabbibi was pissed off because he was not a fan of their [WTO] monetary policy. He said they did a great job of lowering inflation but it did nothing to help the growth of the economy because the exchange rate was too low...you can see that's where they are now...when people go, 'oh man that rte change is never going to change.' Oh , it's going to change. If he's saying it didn't help with the economic growth because of the exchange rate being too low what the hell do you think that means? Right now they're trying to rebuild. If they really want to boom an economy get people back into work, they're going to have to change the rate of exchange. Sooner or later you need more purchasing power... *** Frank26 Article: "The minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change" How else can they tell you they raised the value! What more do you want? ...they will announce it when it's time. They will announce it to their citizens and you will hear about it. It will be world news across the board. ABC, NBC, CBS...will carry it... Quote: "The minister of Finance Allawi...The process of changing the exchange rate was not easy. The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system." Monetary reform First - economic reform Second... *** Breitling Question: "I understand Iraq will join the WTO by the end of the year, apparently they have to add value to the dinar before they can join. How true is this?" It's not true at all. They probably will be in the WTO by the end of the year but look at China. They're in the WTO. They're the biggest currency manipulators on the planet... Good Sunday Morning DV ... have a Blessed day ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 Article: "The International Development Bank buys more than 300 advanced ATMs from CBM" And there are thousands more coming...now! Quote: 'State-of-the-art'. They're all International Development Bank ready. Dear God that's article VIII. They don't need to tell you they're article VIII, they're demonstrating it. *** Pimpy What's going on over in Iraq is very good. There's a lot of good things happening. I'm excited to watch it. If they continue down the path that they're on I really do see the rate change happening whether it happens overnight or it happens in increments it doesn't make a difference... *** Breitling Question: "Is there any truth to what I read that Iraq people are being educated to the change taking place in regarding the monetary system?" Yes, the future change they are. That's exactly what's happening. They're not talking about rates or anything like that but they're talking about how to participate in the economy more and what's going to happen when there's international trade...guys that only happens when they have their own currency and when there's value added to it...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Globally…didn’t the cbi just show us a 33 page announcement? "The second strategic plan…" It has all items in place to go to a market economy...we are game on and about game over!...We are days into the RI, imo... *** Frank26 Article: "Al-Kazemi's advisor reveals the goals of his visit to Kuwait: Attracting investment in the foreground" The international world pours into Iraq because of a sanctioned program rate for their currency...NOT!!! They know what you do not know...two years ago they did not pour in. Last year they did not pour in. This year you can't stop them... The Financial system = The economic prosperity! Good Morning Dinar Vets ... Blessings ... RON
