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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Auctions in Iraq have been occurring. I was told by a contact over there that this is the final part of their de-dollarization. Article: “The Iraqi dollar and the first day “passed peacefully” The Central Bank is innocent and free for the dinar” According to Iraqi Press today is the first day without the auctions. I am feeling good about auctions ending which should mean a new rate. I am told Iraq was reducing their reserves to de-dollarize the market. This in anticipation of a rate change. Militia Man [Iraqi] Banks are closed. Sudani said he was going to make the dinar stronger than the dollar. I think it's going to still hold true. I think that's the expectations of the world. We're going to see that happen. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says everything is in place in his eyes. The only thing Mr. Sammy thinks we need is for Iraq to reveal a new rate to show and back the stability of the dinar as a new global currency. FRANK: Yes sir Mr. Sammy because that's what the contractors are waiting for. Jeff The auctions have completely turned to normal...Absolutely nothing has changed, everything has returned and restored back to normal...Even though the auctions are normal the significant step in this is the auctions are remaining at elevated numbers because what they're doing is Iraq is emptying their coffers and getting rid of the US dollar preparing to revalue. That's the critical piece of this...But for your own knowledge and information...the auctions have absolutely returned to normal.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: ”Within a week, Iraq surpasses Saudi Arabia by exporting 212,000 barrels per day to America” More than twice as much as Saudi Arabia. This is huge. Harlequin3 On Jan 1, the auctions stopped and became foreign reinforcements. The CBI is NOT selling money to the banks anymore - the banks MUST go get their money from OTHER banks outside the country (currency swaps, which is the essence of ForEx.) All the CBI is doing is watching this now, making sure it's legit. Eventually, the dinar will float in this basket, and ForEx will look like a heartbeat. But all that goes to say the auctions HAVE stopped. What you are seeing is "foreign currency reinforcements" not an auction -- the CBI has NOTHING to do with this money, it's between the two correspondent banks, and CBI is only auditing the transaction. Without the auctions - there is NOTHING manipulating and propping up the 1320 rate - so what are they going to do? ⚡ Raise the 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... So, take everything with a grain of salt ... RON Frank26 The evolution, the ebb and flow of the emotion of Iraq with the citizens concerning this monetary reform has been one moment high, one moment low, one moment high, one moment low. I'm here to tell you it evolved to nothing but high. The citizens of Iraq are so well educated and they know who the enemy is in the same way here in the United States of America... Militia Man To be a global economic power [Iraq's] exchange rate will need to be far different than 1310. It's just the way it's going to be. They haven't done anything yet. They're hiding things when it comes to that. Jeff The currency auctions prior to the beginning of November were averaging around $250 million daily. Since November they've remained elevated about $280 to $300 million daily. They're emptying their coffers of the US dollar prepping to revalue. MarkZ Comment: They are supposed to certify the election and Trump as President on Monday…that could be big. Mark: Seems like a lot is scheduled to start on the 7th after the certifications on the 6th. Maybe it’s a coincidence and maybe it’s not. Samson Article: "Between the American hammer and the Iranian anvil: Iraq reshapes its future" Quote: "With conflicting reports about Iraqi Prime Minister Mohammed Shia al-Sudani’s visit to Iran..."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "How many major banks are there participating in the exchange?" I don't know that yet. But I believe that every major bank will be involved. Samson Article: "Central Bank: Work on the electronic platform has stopped" MarkZ In Iraq-It appears the final step in de-dollarization is happening, that is what I was told, although my one contact told me to not worry and this is de-dollarization before the change; but, the Central Bank of Iraq is claiming they sold one billion in 4 days. They keep saying auctions have stopped but we are seeing evidence they are still moving foreign currency. We are not sure what is going on – but we are watching it. Things are quite confusing. Jeff One of the things the central bank is stating they're going to do is end that old electronic transfer system that exclusively works with the dollar and transition to a different type of banking system where the local Iraqi banks can start doing their own sending of foreign currencies and no longer just the dollar, multiple different foreign currencies abroad. It's called Direct Banking. But to do that the US sanctions need to be lifted off of Iraq. That's why this whole time they've only been able to exclusively work with the US dollar. Militia Man There's a difference between the dollar auctions and the reinforcement mechanism that they use today. Militia Man and crew have been quite clear that there's going to be a change - The dollar auctions are going to stop and there's something different. [We] have been spot on about the fact that the dollar auctions are going to go away and they have. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is doing 11-page document, we've seen it before but they're reshowing it to us. It's instructions to all the new money exchange centers that have been opened up on what they can accept and how much to give on damaged notes being returned by citizens. It's like they are telling exchangers a lot of the 3-zero notes are about to be returned. FRANK: That's exactly what they're doing. Like I told you, these banks would be very essential...Collecting the 3-zero notes is going to be massive... MarkZ Question: Where will the new rate show first? Mark: If it follows in Kuwaits footsteps – it will quietly be released. Maybe people will do some exchanging and then it will show publicly on forex. But, In today’s world and the speed of the internet - my guess is we will all see it at the same time. You guys will probably hear it first from folks like me and then we will be able to look at it. That’s my opinion. Frank26 The fact they are about to [or have] stop [stopped] the auctions means it has to be replaced with a new exchange rate to add value to your currency. If all of these things are true from Sudani, then another thing is true IMO; the lower notes they're going to give you are now in position, ready, loaded to go, ready to be given to [the Iraqi citizens].
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "After the electronic platform stopped...Answering questions from Iraqi circles about the new dollar mechanism" Quote: "Deputy The Governor of the Central Bank, Ammar Khalaf, said yesterday that the mechanism of work on the electronic platform related to foreign transfers has stopped working, but financing foreign trade continues through correspondent banks according to different mechanisms that are parallel to what is in effect in countries around the world." Jeff They're implementing their banking reforms. You have no idea how close you are to this rate change. This is Iraq implementing their banking reform right in front of us. The electronic platform for selling dollars has been suspended. That means the currency auctions have ended. That's a critical piece to this. That's the banking reform getting implemented. That's Iraq preparing to revalue their currency. That makes this month of January extremely critical regarding our investment and the revaluation of Iraq's currency. Militia Man Iraq doesn't have coins today. They haven't had them for 20 something years. Now all of a sudden they have a commemorative [tourist] coin and they talk about currency, a special stamp - it's a special occasion.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 This is extremely important you understand this. It is projected at the end of this month on the 31st that the auctions will come to an end. Therefor the next day the citizens of Iraq will be looking for something to use. They will demand a dollar because that's all they know and they will be rejected. The demand for the dollar will increase. The black market value will increase for the dollar (which is not official, which has no meaning, no value to the CBI). But for at least maybe until the 7th. Why? Because on the 7th Sudani has ordered parliament to finish and sign off everything on the budget. If not, he'll take care of it. One week of bubble. That makes sense. I like it. MarkZ Article In Iraq: “More than one billion dollars CBI sales in 4 days” yes we did have foreign currency auctions this week. All eyes will be on Monday to see if they continue or do not continue.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Prospects for the Iraqi Economy: Challenges and Opportunities to 2025 and Beyond" Quote "The International Monetary Fund (IMF) provided a detailed assessment of the Iraqi economy. The Iraqi economy contracted by 2.2% in 2022. The Fund expects the economy to grow by 1.4% in 2024 and 5.3% in 2025. However, the Fund warns that Iraq’s fiscal position remains worrisome, with the budget deficit expected to widen to 7.6% of GDP in 2024, compared to 1.3% in 2023. It also expects government debt to reach 48.2% of GDP in 2024 and 54.6% in 2025. By 2025, the Iraqi economy is expected to begin a significant recovery, with strong growth in its non-oil sector and increased investment in areas such as technology and infrastructure. If the required fiscal and structural reforms are implemented, Iraq may be able to reduce its dependence on oil and strengthen its private sector."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about the discussion for adjustment to have a new exchange rate. Can you believe that Mr. Frank? Every day they tell us they're going to give us a new exchange rate...You know why they're telling us they're going to give us a new exchange rate? They say since the auctions are stopping. FRANK: Tell parliament to moooove over...The cash cow is coming to an end... It's coming, that's all there is to it. Clare Article: "Iraq Stock Exchange Ranks First in the Arab World in Trading Volume for November" Quote: "trading volumes achieved a growth of 131.24% during November 2024 compared to the previous month, thus topping the Arab financial markets in terms of growth rates." Kaperoni Question: "Rumor is that the dinar has RV'd. Have you anything to say about those rumors?" Kaperoni: Currencies of a country are not some lottery ticket. They represent a country, and if a currency is ever going to go up in value, it will be based on the success and economic growth of that country. Iraq is trying to rebuild their country and diversify their economy. Iraq has made a lot of progress over the years rebuilding, but still has a ways to go. If Iraq can create a market economy, and diversify away from oil, we may see some improvement in the value gradually as a result. But there is no significant RV like the gurus talk about.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man They changed the name to currency window as opposed to auction. That represents foreign currencies. Article Quote "This platform will be stopped at the end of this year." The dollar auctions as we know them are going bye-bye by the end of the year. That doesn't mean the 31st, It means - coming at any time.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is reshowing the speech of Sudani from the other day when he said citizens want something realistic and they are tired of promises. FRANK: The fact they reshowed it is extremely important. Sudani is going out almost on a daily basis telling the Iraqi citizens, I got you! I told you I'm going to give you purchasing power. I got you. MarkZ There are many here in the US and all over the world that are expecting a value change with the end of the auctions. Not just people on the internet, but folks in government and the banking world as well. Mnt Goat Article: "THE DOLLAR MARKET IS ON “ONE LEG”.. A NEW MECHANISM AND THE EXCHANGE RATE IS THREATENED!" They are just telling us that there is a process in place to change-out the dinar to the lower denominations and effect the rate as part of this process without causing havoc. A higher, sudden RV, if not done appropriately would cause havoc.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: “Al-Sudani: Everyone is invited to create an Iraqi identity that transcends all sects and religions" Quote: "Prime Minister Mohammed Shia al-Sudani said...everyone is called upon to create an Iraqi identity that transcends all sects and religions. The birth of Jesus Christ is an occasion to emphasize a diverse and unified Iraq, and we adhere to this diversity, which represents a source of strength for all Iraqis. This came during his participation in the Christmas Eve Mass, which was held at St. Joseph's Cathedral in the Karrada district in central Baghdad." Here is the DV article in detail: Al-Sudani: Everyone is invited to create an Iraqi identity that transcends all sects and religions - 12/24/2024 -
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: "Iraq has gotten rid of the burden of foreign debts for the first time which had shackled it economically ...What remains of its debts to international parties constitutes less than $9 billion that will be paid between now and the year 2028." Iraq's going to have a lot of money. If you're going to be a creditor, people are going to be coming to you for money and Iraq is going to have a lot of it. To be fair, I think a lot of us are going to have a few dollar too because of it. May all you DVers have a Joyous & Blessed Christmas, and a Happy Hanukkah..! 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... So, take everything with a grain of salt ... RON Samson Article: ”Iraq is facing a new era...reform or the arrival of the Americans" Frank26 [The Iraqi dinar] is a speculative investment. If you hear a date, if you hear a rate, those are just speculative IMO. Mnt Goat We are almost there. According to my CBI contact the new elected US administration is now working with Iraq and has contacted Iraq, and so this is also VERY GOOD news at this time. We must be patient and let the process play out. The process does not change only some events along the way to get there in Dr Shabibi’s plan to reinstate. There is one more step to the de-dollarization process and that is to get off the sole de facto peg to the US dollar. This step must take place and soon, VERY SOON! There is no longer a need for it; It’s time to bring the Iraqi dinar to the forefront.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Article: “CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET” Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market. We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur. They said that the new correspondent bank procedure should eliminate the parallel market. The RV is going to happen, but first things first. [post 1 of 2] Mnt Goat This recent move with the correspondent banks should knock out the parallel market altogether first and put the dollar in line with the CBI “official” rate. This was needed first. Then the CBI plans to push out the new in-country CBI official rate we have been waiting for along with the project to delete the zeros. I just talked to my CBI contact Wednesday and this is what I am told. We just have to sit tight and see what happens next. I wish I could tell you more positive news. Right now, this is a very sensitive time, things will be moving fast soon. I can’t think of better news at this time. [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... So, take everything with a grain of salt ... RON MarkZ Article: “The President of the Republic, the under secretary of the Minister of Finance discuss the 2025 budget“ They are also telling us here that they expect a rate change before Jan. 1st. There is a lot of information hitting right now in Iraq. All the news is supporting a rate change before the end of the year. Mnt Goat a HUGE change or transformation has occurred...a transformation of Iraq like no other they have ever experienced. It has come on the heels of being released from Chapter VII. I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros. I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "Get ready.. The exchange rate is about to rise again: The dollar selling platform will stop and “the shock is coming” "Boy, am I ready; as I'm sure all of you are as well..! Militia Man The dollar auctions are what's the problem. That's where the corruption is and that's about ready to go bye-bye because [Alaq] said he's getting rid of the black market. The things he's doing is naturally gradually getting it done. I think by changing the exchange rate with Article 12 in the Gazette, budget being exposed we're going to find out. They're not paying salaries and not reopening the oil after losing $20 billion to keep the exchange rate at 1310. That doesn't make sense to anybody.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani gave a big speech and he talked about how very very serious his government is about increasing the citizens' purchasing power. He said Iraq has reached a historical time for financial increase. He talked about how stable we are. FRANK: Now that he has told you again for the 9th time, allow me to say this to you. Start your countdown! Clare Article: "Why will Iraq become one of Trump's 'priorities' in the coming period? - Urgent" Quote “Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Article Quote: "The Central Bank of Iraq (CBI) revealed...the country’s imports rose significantly in 2024. The CBI mentioned in a report that Iraq’s imports significantly increased by 158.1 percent in the first quarter of 2024 compared to the same period in 2023. Iraq’s imports from Turkey increased by 32 percent in the first quarter of 2024 compared to the same period in 2023, according to the report." MarkZ Question: I’m just curious “what if” parliament doesn’t sign off before the 10th? Mark: If they don’t make it - I’m still sticking around until they do. I still think we could see the RV before Christmas. Possibly in the next few days. Worst case scenario – by the end of January….
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV talking about old and new currency, how they will coexist. Mr Sammy said remember they want all done by the 10th. FRANK: I TOLD YOU SO!! lol...Sudani is in control of the new exchange rate. MarkZ Article: “Iraq participates in a ministerial meeting of the gas exporting countries forum” Why is this important? They are now joining countries that exports gas. This is a whole new market that has the potential to be as big as their oil industry. This helps them increase the value of their 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... So, take everything with a grain of salt ... RON Walkingstick What we're seeing now is a very clear picture of the monetary reform and where it's at. Its process may have been slow but it is successful. The evidence shows the citizens are not going to fail and they are very eager to do this monetary reform as Sudani and Alaq have explained it to them. This year they were receiving the monetary reform education. There is still more education that will be coming (ie:) the pictures, the electronic boards. Clare Article: "Most notably Trump and Macron.. Nechirvan Barzani meets world leaders in Paris" Quote: "In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris." [Note: "Photos from the event show Barzani speaking with Trump and another with him speaking with Elon Musk. There were no photos of reports of Sudani in Paris at this time."]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "Türkiye seeks to increase trade volume with Iraq to $30 billion annually" Fnu Lnu [Response to Bruce's 12-5-2024 Post (Not Posted here) - lower denomination on streets] I have a lady friend who is a Trauma Surgeon in Iraq that is employed by the WHO and works as an adjunct with the military. I just spoke with her and she told me there are no lower denomination notes being used. I asked her to ask around the hospital about lower denomination notes. She emailed me back and said she spoke with the Admin and they said there are no lower denomination notes. Pimpy Hydrocarbon law - I've been talking about this forever...What does the hydrocarbon law have to do with the exchange rate? [Other gurus] are not being very specific. They don't tell you how it's connected at all. Does the Iraqi hydrocarbon law pay money directly to the Iraqi citizens? The money...goes into different funds...designed to ensure each Iraq citizens residing in the country receives a equal share of Iraqi revenues. Iraqi citizens do not receive direct payments from the Iraqi hydrocarbon law. Instead they may benefit indirectly through various funds. They're not directly going to get paid...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “Informed sources rule out submitting final accounts of the 2024 budget to Parliament” This is one of those confusing articles I was talking about. They have already done 3 readings on the 2024 budget and we are waiting for it to be in the gazette, or they could publish a special Gazette - which is something they sometimes do. We hope the HCL will be in tomorrow’s Gazette. But mixed reports coming out of Iraq. Some say it passed, and some say it hasn’t.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Someone right now can buy 1 million [dinars] for $1,200, $1,300 but when the blessing occurs you're going to end up spending a million to buy a million dinars. No, I don't think so. But the whales and sharks will. They'll buy 1 million dinar for $1 million because they know as it floats it'll go to $3 million and they made a killing. That's when the sharks make their money. They smell the chum right now and some of them are moving but not as much as they will when it happens. When it happens big boys play with big money. MarkZ We did have some good news out of Iraqi parliament.. Article: “Parliamentary Finance: Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days. Pimpy Let me tell you what I think about how everything is going to affect this investment in Iraq. Trump already told you, they're going to drill baby drill. When he spoke with Elon Musk and Rand Paul doing something about the Federal Reserve he told the people specifically do what you need to do but stay away from the oil. Period. He'll handle the oil. We're going back to being the number one exporter of energy...The last time he did that it drove prices way down. Damn near bankrupt Iraq. That's what Trump did last time for Iraq.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy As soon as Trump won the presidency we all know he heard from 77 different world leaders. When he got on the phone with the Iraqi leader al-Sudani they took an exceptional amount of time. I told you Trump has plans for al-Sudani and Iraq to be a pivotal player in peace in the Middle East. He's not gong to ask Trump about what the exchange rate is going to be because Trump has nothing to do with it. That is the Central Bank of Iraq. Clare Article: "Trump warns BRICS against replacing dollar with other currencies" Quote: "US President-elect Donald Trump threatened to impose 100 percent customs duties on BRICS countries if they undermine the US dollar. Trump added 'BRICS cannot replace the dollar in world trade, and any country that tries will have to say goodbye to the US market."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The Central Bank signs a memorandum of cooperation with the European Union and Germany to enhance financial markets in Iraq" Quote "this agreement represents a new start for cooperation between the Iraqi banking sector and the German side, noting that it will contribute to the exchange of expertise and transfer of knowledge." Militia Man Sudani has been on a tear because he's been doing for over two years methodically; nothing but achievements.
