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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 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.
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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 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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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 If you're excited about the budget being approved Monday you're an uninformed investor. What that means is the rate is not changing because budgets are calculated off the value of the currency whatever it is. The budget was calculated against the dinar at 1310. The next window of opportunity that the rate could change would have to be either midyear (September or October) or the next budget period of 2025. In order for them to do that they have to suspend that year's budget monies and consider re-amending the budget. Pimpy Article: "The document..The House of Representatives votes next Monday on the budget schedules" Finally after all this time. There was a huge delay. Militia Man That vote [scheduled Monday 3:00pm Baghdad time vote on the 2024 budget tables] is prior to markets opening in the United States in New York. Will they vote? Will they do it? We're going to find out.
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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 Remember I've said it for years, they are coming after you. 87,000 more IRS agents. You don't think the timing is perfect for it? They're coming for you... [NOTE: At the appropriate time consult your tax advisors to determine the correct tax for your unique circumstances.] Militia Man The totality of the Development Road Project, 1310 is not going to work. They just don't have enough money printed, period. They just don't. We're going to have to see how all that ties in with the budget because one of the things that's still on the table is the Delete The Zeros Project. If that's the case trillions turns into billions quite quickly. If they do what they say, they're going to do it becomes far far cheaper. Samson Article "Iran: Iraq is one of the richest countries in the Middle East"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Yada Article: "Parliament sets next Monday as the date for the session to approve the budget schedules" ...we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see, any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year. All the more expecting to see the rate any moment now. The rate is NOT in the budget Yada..!
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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 Nader From The Mid East Iraq wanted to de-dollarize. They start de-dollarizing in January but it didn't work for them too much. The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country. They tried everything. Now, they said that plan didn't work so they come out to the new white paper. They realized they cannot do anything without changing the exchange rate. [Post 1 of 2] Nader From The Mid East They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate - between now and 8th of July we should have an answer. What are they going to do? Are they going to change the exchange rate, keep it the same, go up, or go down? I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street. [Post 2 of 2] [NOTE: "Go down" stated here, means go up in value of the dinar to the dollar.] MarkZ Question: How do the historic bonds and currencies differ for the RV? Mark: Currencies are part of the RV (Re-Valuation) whereas historic bonds are the process leading to the global reset. Historic bonds have to be settled before the reset and the bonds will give liquidity to fund the currencies. Clare Article: "Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy."
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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: “Futures slide as bond yields spike to a 3 week high” We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live. This bond market is in shambles. I was always told to watch for this just before the res, and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line. Pimpy Article: Central Bank of Iraq quote "There are no current plans to print new currency." What that tells me is people don't have to worry about a lop or redenomination because in order for you to have a redenomination or a lop you have to create new currencies. It also tells me they're not creating the lower denominations which means they're going to stick with the currency they currently have. Including the already printed LDs. Some people see this as the glass half full. Some people look at it as the glass is half empty.
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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: "Are the lower notes out yet?" You would know it if they're out, the whole would would know it instantly. So,no..! Samson Article: ”Economic: Protecting banks and exchange companies from sanctions is the most important file for the Central Bank" And Now, Mark's latest MarkZ I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
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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 Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)
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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 So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news - much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming. Folks, it is now EXPLODING! Kaperoni The Central Bank of Iraq has already talked about ending the currency auctions by the end of this year. A float is the replacement for such an event. Samson Article: "Al-Bazouni: Failure to elect the Speaker of Parliament does not disrupt the work of the House of Representatives" MarkZ We know that the budget has passed with $162 billion. It was $153 B last year. There is plenty in the news showing us it is passed, but I have yet to find where they are covering a budget shortfall with a rate. I was told to expect something within days of it being passed. Comment: Its interesting they are saying billions and not trillions for their budget totals. They must have a rate hike? Right? Mark: You are getting it. We are just trying to piece together “what is that rate?”
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Clare Article: "IMF Executive Board Concludes 2024 Article IV Consultation with 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 Frank26 As far as Suandi, Buzani and Alaq and the IMF, World Bank, US Treasury, BIS and my teams are concerned the monetary reform is expected. Deepwoodz We’ve been waiting many years to see this [RV/rate change] happen, but the way they are doing it seems right. It’s fully thought out and done with intricate precision. I believe that once they put the icing on the cake, it will stick, and that’s what we need. MarkZ Article: “Vietnam Business news May 12/24” They are talking about an increase in revenues and how well the country is doing...
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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 Does Iraq have the potential to have a more valuable currency than Kuwait? Yeah absolutely...They have way more resources. As a matter of fact...Iraq is in the top 5 worldwide for the most resources. So, yeah, they have the potential to be there. There just not there yet...They have a lot more things to export than Kuwait does but they have to get past these hurdles. I think they will. Militia Man They're not stopping. We don't have a date and rate but we can see the progress is before us...They're gearing to move Iraq to the private sector and to open up to the world...There's going to be money to be made and there's going to be a lot of it... Samson Article: "Iraq is the fourth in the Arab world and the 30th in the world in the reserves of Yellow Resonant" [Gold]
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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 Ms Plasschaert [UN special envoy for Iraq], she's another subject of rumors that are going around the dinar community - that she's getting ready to step down...because she's no longer needed because they're about to change the exchange rate and the sanctions are getting ready to be lifted off. That's not the case. That's also false. Militia Man Iraq is a border country with Kuwait. Iraq is considerably larger than Kuwait...They have massive amount of oil...liquid natural gas...gold...some of the biggest mineral deposits in the world that Kuwait does not have. You have to ask, why did they bring this up? - Article Quote: "The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024 while the US dollar came in last place on the list of 10 strongest global currencies ...the dinar of the Gulf State is divided into 1,000 smaller units known as fils." [Post 1 of 2 Reposted ] Militia Man Iraq does not have fils. They're going to be talking about fils because why? Because...Al-Sudani has stated the dinar is stronger than the dollar. They're going to need to be able to make change...When they bring this up with Iraq's situation I think they're doing it in a manner that suggests the region can support Iraq having a strong currency stronger than the dollar. [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 ”Here is a great Article written last August..”The Kuwaiti Dinar: A closer look at the world’s strongest currency” this talks about the history of the Kuwait dinar and why it is so valued…They have many of the same things going for it that Iraq now has. What does that tell us? The Iraqi dinar should be worth the same or higher…imo
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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 Babysmom THE PRESIDENT OF THE REPUBLIC HAS NOT SIGNED THE DOCUMENT. HE MUST SIGN THE APPROVED BUDGET IT THEN GOES TO THE GAZETTE FOR PUBLICATION. HOWEVER THE CBI CAN CHANGE THE RATE ANYTIME THEY WANT. THE PRESIDENT OF THE REPUBLIC HAS 15 DAYS TO A FIX HIS SIGNATURE. THE PRESIDENT OF THE REPUBLIC IS STILL OUT OF THE COUNTRY IN BOLOGNA [ITALY]. ON FRIDAY THERE IS A LARGE CONFERENCE WHICH WILL BE HELD IN I BELIEVE LONDON AND THE TITLE OF IT IS, "IRAQ OPEN FOR BUSINESS". THIS IS QUITE GOOD NEWS... Walkingstick The exchange rate can be flipped liked that [snap]. 1320 to 1300 - you didn't even see it. If they want to go from 1300 to whatever other rate like that [snap] it can be done and it shall be done and it will be done. It is a fact even though this fact is IMO. The exchange rate can be flipped quickly because the RV calculation phase already has the numbers for the budget at any moment. MarkZ Question: What is your take on PPN Dallas saying he got an internal memo from Chase bank to all wealth managers? Answer: I got sent that memo several times as well…that they are expecting a lot of new millionaires over currency stuff…. I think it is accurate. I think it is true. I just don’t know what it means for us on timing. But, our best days are ahead….This is pure BS, because I have multiple Chase Accounts with significant holdings, and there has been NO word from my wealth managers in Las Vegas or in Florida, with whom I have close relations and know I hold a substantial quantity of IQD..! RON Pimpy There was a change to the exchange rate. Yes you heard it. They changed the Iraq exchange rate. Sure enough it was in there and yes it went in the right direction. Article quote "...the budget set the exchange rate for oil revenue in US dollars at 1300 dinars per dollar." So we shaved another 20 dinars off the exchange rate. I know 20 dinars is not that big of a deal but anytime we're taking a step in that direction I'm going to celebrate it no matter how small...Keep removing the amount of dinars you get per dollar, that's what we want...like I said it's going to happen in increments. Hopefully a much bigger step next time but I'll take it...take the W and be happy with 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... So, take everything with a grain of salt ... RON 5-20-2023 Newshound Guru Pimpy People are trying to figure out whether the Iraqi dinar is floating, pegged, what are these terms, what does it mean? ..Iraq is a fixed (pegged) currency. It's not a float. It's not a dirty float. It's not floating at all...It's 1320 dinar for every 1 US dollar. They're pegged to the U.S. dollar...It's not floating in country. It's not floating out of country. There's no two exchange rates. Let's go through what these are...[Post 1 of 2] Pimpy A floating exchange rate is a type of exchange rate regime wherein a country's value is allowed to freely fluctuate according to the Foreign Exchange Market...Iraq is not allowed to play with the big boys - not yet...Until Forex recognizes Iraqi dinar...they're not going to be a floating exchange rate...a Pegged exchange rate system is a currency system in which governments try to maintain their currency value consistent against a specific currency...The Iraqi dinar is pegged to the US dollar. So it's fixed...A dirty float is when...it will freely fluctuate but if it gets out of whack the government interferes... [Post 2 of 2] Frank26 The budget they say they will supposedly have it done by today, Saturday. Now they're saying, well maybe the early part of next week. I don't care. I sincerely do not because the new exchange rate does not wait for anything. The budget waits for the new exchange rate. Why isn't the new exchange rate out? yada A lot of moving parts that are coordinated. The budget is to be voted on today [Saturday]. The rate release almost simultaneously, IMO. The debit and credit cards were shut down on Thursday for a couple of days, and many believe it was to readjust the rate with the CBI... MarkZ Article: “Iraq builds social security system to protect workers” They are building long term infrastructure. They are behaving as if they were 100% ready to go. The latest I am hearing in Iraq they expect the budget announcement on Sunday now. I am still of the belief that it is done. .... They are negotiating each contract with contractors separately right now and rates are fluctuating. And just how do you know this Mark..? To me this means we are in a float. Because of what contractors are telling me – I know we are close... We have never, ever been this close before...My contacts in Iraq have a lot of expectations for this weekend.
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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 ...I am going out on a limb to say that by June 2023 we could see this reinstatement of the dinar. I am...using ...solid FACTUAL data from the articles. Article quote: “The Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar” ...He is talking about the stabilization of the program rate first with the help of the US Treasury, then the reinstatement with the help of the IMF and World Bank... Folks, it can’t get any better..!! Frank26 Question: "Does 25% seem about right for taxes?" No. I take it up to 40% and then you can give yourself a refund! [NOTE: Consult your tax professionals to determine the right amount money to withhold for taxes for your unique circumstances.]
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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 We are now in the month of March and we're marching into the monetary reform education that we call the 2nd article from the CBI. Very very soon. I'm still hoping this week...deep in my heart no later than next week - IMO there's going to be another article coming out and it's going to show them the new exchange rate and the new small category notes and explain everything to them, including the float. MarkZ A good, solid Article from the CBI: “The Central Bank decides to use the local currency only at ATMs“ Why is this important? This is their de-dollarization …by only using their dinar it is telling us they think their currency is steady and stable. This is fantastic news.
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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 This is a huge, absolutely stunning , gigantic, and positive news from Iraq. Article: “Baghdad, Erbil reach an agreement on the 2023 budget –Lawmaker” I am told things have gone well and its submitted now for a “rubber stamp” on it…they even outline the details of it in the article…We were always told this is one of the last things that would “suddenly” happen before the RV release…so…this tells us we are awfully close.
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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 "Do you think all currencies in the basket will go all at once?" No.! Absolutely not. Notice no body talks about the GCR...theres no such thing. It's mathematically impossible... Frank26 Don't give them [Your dinars] to anybody. There are many demons of Satan out there... Ring-a-ding-ding - Hello? 'You got dinars? I tell you what, we belong to a humanitarian project. It's with the United Nations. Oh, yeah it's good people. What we're going to do is give $5 for every dinar. Yeah! Not what the CBI is going to give. So send me your dinars and we'll hold them here in our vault and when it happens we'll take good care of you. Yeah, we're going to send you documents. Yeah, we'll sign a piece of paper saying we have your dinars. You're going to get a lot more than everybody else.' [Post 1 of 2] Frank26 Human greed, gluttony...kicks in because the horns of Satan cause you to think that way. Don't give your dinars to anybody else that is promising you more than what is legal. Any bank can only give you the rate the CBI is a part of. "Oh, but I belong to the humanitarian project and they are going to give me more". How is that possible? You can't get blood out of a turnip...Don't let these people do this to you. They want your dinars... [Post 2 of 2] Clare Article: "The volume of trade exchange between China and the Arab countries amounted to 300 billion dollars” WHAT WE ARE WITNESSING IS HISTORIC!...THAT IS A LOT OF MONEY AND A HUGE "SHIFT" IS TAKING PLACE RIGHT BEFORE OUR EYES! Not much for tonight ... it looks like 2022 went out with a wimper..! Have an Awesome, Fruitful, Peaceful & Prosperous New Year - 2023..!
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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 Mark More news in Iraq that they are stabilizing. Article: “Central Bank continues measures to control the dollar exchange rate” I find it interesting they are issuing a dollar card worth $10,000 dollars …in other words they are not going to charge any spread if you turn in your dinar for a prepaid debit card. Why is this important? It will allow them to take advantage of this manipulated exchange crisis and get more dinar off the street over the next day or two…I think this is their last “hail Mary” to restrict the supply of dinar...just my thoughts..! This is a very interesting turn of events - we shall see if it works soon enough..! HAPPY NEW YEAR - 2023
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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 Still almost every day an article about the change in the Iraqi dinar rate. What it does is pump a lot of hope into the whole dinar arena. But what I keep telling people is you got to listen where the information is coming from. If the CBI is talking about it, which it's not going to ever happen. They'll never openly talk about changing the rate in public...but, they might deny rumors... *** Mark There is still massive silence on the RV front. No bad news…no news at all. I cannot get a peep or whisper out of any of my sources. Thank goodness - we don't need any more false info & promises..!R *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're saying the budget should be in parliament by the 9th of December. FRANK: The 9th is crucial. We need to see this government seated, parliament seated, the Cabinet announced, everything by the 9th...From the 9th to the 31th of December they're going to review the budget...then on the 1st, IMO, they can launch it and make it official. They can release all the information that's in it. But remember Frank, there is no IQD Rate in the budget as some suspect. R *** Samson Article: "Parliamentary Oil: The Oil and Gas Law has not been canceled, but rather postponed for this reason" Quote: "The law has not been canceled, but rather postponed, and may be presented in the next legislative term." They delay one of the MOST IMPORTANT pieces of legislation for the benefit of the Iraqi people. Amazing - just like our democratic party legislators here in the US.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 *** Mnt Goat Article: "IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS" Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of the year and will probably reach over 100 billion even. Yet the CBI says they have no intention of completing the project to delete the zeros or raise the rate of the dinar against the dollar. hy? If this is not corruption I don’t know what is. We know for a FACT the economy of Iraq supported way over $3 dinar back in 1990. The situation of Iraq now is way much better with higher reserves and much more gold reserves. In fact they can almost back their currency totally with gold now. Think about this: Adjusted for inflation, $1.00 in 1990 is equal to $2.21 in 2022. Annual inflation over this period was 2.51%. So, in reality, Iraq can easily increase the value of the IQD significantly...IMHO..! RON
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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 *** Samson Article: "Iran: Iraq will turn into the largest economic market in the region during the next decade" Quote: "stressing that his country seeks to increase the volume of trade exchange with this neighboring country." Thats hot news...!