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  1. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram You don't want to pay rent, you don't want to pay mortgage, house note, new car, sports car, insurance, vacations, all of those things that we all want to do once we come into money. No no no no no. [Keep working.] You invest your initial profit. When the investments create income for you then you go and do all those wonderful things. [Note: Consult your financial advisors at the appropriate time to find the right investments and payment strategy for your unique circumstances and lifestyle.] Jeff The budget is not posted in the Gazette. The budget hasn't been implemented because it's unconstitutional. MarkZ I am hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things . They are too preoccupied to keep slowing and stopping things right now.Rumor Margarita Article Quote: "The World Trade Organization usually intervenes in the exchange rate policy when the concerned country deliberately keeps the value of its local currency low in order to improve the competitiveness of local production and encourage exports at the expense of foreign goods," WOW! The WTO DOES USUALLY interfere in the exchange rate policy. Clare Article:"The World Trade Organization opens its doors to it. The Iraqi economy returns strongly to international competition" Quote: "The World Trade Organization has accelerated Iraq's steps to join it, following the resumption of negotiations that had been suspended for more than 16 years. The Iraqi delegation is preparing for the next round of negotiations that are expected to resolve this issue, which will open up global trade horizons for Iraq and return it to strong economic competition, in the region and the world, under a multilateral economic system."🙏
  2. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Nader From The Mid East You heard them talking about corruption. They're going to clean it up but it's going to always be there. It's everywhere. It's in America. It's everywhere in the world. It's in Europe. It's here. Corruption is corruption, the biggest corrupt people you cannot clean them cuz they have powers. You can't do anything against them. Clare Article: ''Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation" Quote: "if the currency is the “dinar” and its value is equal to 1,000 dinars, after removing three zeros, its value will become one new dinar. According to experts, the actual value of the money people own does not change after deleting the zeros, but this step contributes to simplifying the buying and selling processes for individuals and companies, and makes the financial amounts simpler and more understandable. Instead of dealing with huge numbers such as a trillion or a million (1,000,000 Iraqi dinars), they can be converted to just one thousand 1,000 dinars after deleting three zeros. The exchange rate will be transformed into one dinar for every one dollar, and this is what the late former governor of the Central Bank, Sinan Al-Shabibi, aspired to" Frank26 [Iraq boots-on-the-ground report] FIREFLY: We're hearing this man on Chanel one on the TV he's saying to us citizens, he's saying joining the WTO will eventually lead to the rising of the dinar value up. It's all about global trade...In order to compete we will need a real effective exchange rate to produce anything in the global trading market. FRANK: He's right...It's amazing they are talking to you about the real effective exchange rate...because that is the end result of the float. God willing it comes out at $3.22 as an RI.
  3. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy It's not the job of the World Trade Organization to handle Iraq's currency exchange rate. That's not what they're there for. It's called the World Trade Organization, not the World Exchange Rate Organization. Mnt Goat We heard this week that Al-Sudani again told the citizens that they can expect a “new currency” and so we know its not more of the 3 zero denominations since the CBI told us they are not going to issue the 20K note or any more other of these notes along this line. So what could this mean? It can only mean fresh new notes of lower denominations reverting back to the currency denominations of the past and finally ditching these 3 zero notes... Samson Article: "Minister of Trade arrives in Geneva to head the negotiating team for Iraq's accession to the World Trade Organization" Guru Frank26 Here's the Video [below]. Do you see a 50,000 Iraqi note? Do you see the 3-zeros have been slashed off the 50,000 note? Isn't that wonderful? Educating the citizens. Those of you who understand Arabic enjoy! Woohoo! It's not a secret anymore. Everybody knows...It's from the Saudi Arabia area. Quote "The project to delete zeros from the currency is still in place. It was confirmed by the Governor of the Central Bank of Iraq. It means the value of 1,000 note is 1,000 dinars and will be replaced by a note worth one dinar of the new currency." Clare [Referencing The Drop the Zeros Video above] THAT VIDEO...IS HUGE...THEY ARE EDUCATING THE PEOPLE ABOUT THE DELETION OF THE ZEROS PROJECT. THE ZEROS WILL COME OFF THE EXCHANGE RATE WHICH CHANGES THE VALUE, AND THEN AT THE SAME TIME INSIDE IRAQ NEW NOTES ARE RELEASED WITHOUT THE 3 ZEROS. IT IS THAT SIMPLE. YOUR NOTES OUTSIDE IRAQ REMAIN THE SAME - AND YOU CAN EXCHANGE THEM AFTER THE RI HAPPENS. MarkZ This is going to be a huge week. Meetings are going on right now in Iraq about the HCL, the WTO, and more. This is going to be a big, interesting week for all of us. Frank26 Q? : What will happen in the coming days with the monetary reform? Value.
  4. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: ”Negotiations for Iraq's accession to the World Trade Organization after a 16-year absence" Pompey Peter Deputy Prime Minister of Iraq has been in Washington that's well covered in articles...The CBI governor was also in Washington. We believe there is a possibility that a higher rate was being discussed which could have been the purpose of the "whites of the eyes" meeting while these gentleman were in the United States. Just an opinion that a higher rate may have been involved and that needed not any approval but support and discussion with support. Militia Man They pushed out the HOR meeting till after this next holiday which is on the 17th...The WTO meeting they say is on the 18th unless their calendar changes. I highly suspect that won't be the case. They set the stage for the presidency to be done on the 20th. Those are the things we're looking at today...I hope you guys understand what we're seeing is powerful and I'm pretty excited and I think everybody else should be. It's really looking good... Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank guy just flat out came out and told me, to be honest with you I think it will reinstate to what it was before and then it's going to float like any other international currency. It's more from the rumor mill. FRANK: I know it's going to reinstate. You know it. The money exchangers know it, that's why they went ape %$^%. That's why they're happy! This is the 3rd time your bank friend tells you $3.22 and it will float. That is the most logical thing for the CBI to do. yada ...I believe they could of released the rate 4-1-24 but chose to have the amendments for 2024 before they did and that was done. All the info is pointing for a GO.
  5. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram There is a high demand for US dollars in countries like Iran and Syria where local currencies have significantly devalued. Entities in these countries are desperate to obtain... physical dollars ...because they are accepted everywhere and impossible to trace...Iran and Syria find it more feasible to obtain dollars from Iraq. The Iraqi market offers cheaper source of dollars...which impacts Iraq's exchange rate dynamics by increasing the pressure on its currency system and contributing to dual exchange rates. Pimpy Article: "The stability of the exchange rate of the dinar against the dollar is real and firm" This is one of those big steps we have been looking forward to, which is stability of the currency. We've talked about these a billion times - the country... government... economy and currency has to be stable. Outside of a little back and forth with the government they seem to be doing pretty good everywhere else. Good job Iraq. They are now at a place in their country where the parallel market is not affecting the overall prices of their goods and services. Militia Man Ceasing the dollar auctions as we know it. Monday is supposed to be the first day they're going to have a new mechanism for using the dollar and selling that dollar. People are going to have to play by the rules and be part of that FITR platform. We have to go from there to see...
  6. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Source: Iraq's Central Bank Governor in unannounced visit to US to discuss Yuan ban" Quote: "al-Allaq departed for Washington last Tuesday to meet with officials from the Federal Reserve and the US Treasury Department." Frank26 How many times have I said to you the moment you see the HCL within nanoseconds you'll see the new exchange rate? It's just like saying ladies and gentlemen you're about to see the new lower notes. Well then you're also going to see the new exchange rate. They both go hand in hand. Samson Article "Sources: The governor of the Central Bank of Iraq made an unannounced visit to Washington on the Chinese yuan"
  7. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy This is big... Article Quote: "According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq's economy. This marks a substantial rise from...2023 when transactions were around $50 million per day." That's a huge increase of $150 million. This is right on par with Iraq's economy but the fact that the transactions have increased is a big plus for people investing in Iraq dinar.. [Post 1 of 2] Pimpy Article quote: "The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar. Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored by regulatory authorities. This increase in confidence can contribute to a greater stability in the foreign exchange market for Iraq dinar...Higher levels of activity transactions being reported on the FITR platform can indicate a vibrant and active economy. A robust economy often translates to a stronger currency value as investors are more willing to hold the asset denominated in that currency." ... This is good news but again you guys stay grounded. Stand by. Every day there's more and more good news coming out of Iraq... This is great news. [Post 2 of 2] Frank26 The FITR...it's a transaction activity platform that's interesting because they are exchanging and trading funds that come under the category of cross currency swapping and they are including now the Iraqi dinar. Why would you Mr. Country whoever-you-are, why would you want to be involved with the Iraqi dinar? Why would you want to do any type of transaction activity with the FITR when you're dealing with a currency that has no value? Obviously there is a value. Obviously they know more than we know. This currency swapping is a very very significant thing.
  8. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Iraqi-American talks on the exchange rate of the dinar against the dollar" Jeff Some of you have said that parliament has nothing to do with this [the budget]...It actually does because they unconstitutionally approved the budget and the budget's approval has everything to do with it. That's the piece to the puzzle that is not understood. Article"Parliamentary law challenges the 2024 budget tables" Parliament can only review and approve laws. It was parliament that did these amendments making their steps or actions of approving the budget unconstitutional. The courts possibly next week around Wednesday/Thursday declaring the budget itself as unconstitutional and overturning its approval. Sandy Ingram When you invest [your dinar profits], more than likely your financial advisor is going to recommend business ventures that will create a cash flow to uphold your lifestyle. If it takes a moment or two to generate income from your investments, keep working people until it happens. You don't want to live off of your initial investments. [Note: Consult your financial advisors and APPs at the appropriate time to find the right investments for your unique circumstances and lifestyle.] Pimpy Oh, this is big news right here, look at this, Article "Iraq's non-oil revenues reach 11% for the first time" Been talking about this for the longest time. This has got to increase. It's usually around 4%...Yah! Pee-pee dance! Finally we're starting to see some movement. Frank26 [Response to Walkingstick's post below] If the citizens are asking questions about the monetary reform and they're answering their questions should not the evidence of those answers be given to them soon, rather quickly? You may think this was a random act [Announcing to the Iraqi citizens, you have a new currency coming.], I think it was clever. {Reposted} Walkingstick [Iraqi bank friend Aki update] Aki...wanted to report there is a big run on the banks of Iraq right now by the Iraqi citizens. They're pouring into the banks. It's not happening in Aki's bank [Which is in Michigan] it's happening over in Iraq. What's going on is it was, last Tuesday, they announced to the Iraqi citizens, you have a new currency coming. So all of a sudden people started pouring in the following day on Wednesday and Thursday...'We are giving you a new currency,' is what triggered this.
  9. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Customs revenues amount to nearly one trillion dinars in the first half of 2024" Jeff Article: "The 2024 budget will be returned to the House of Representatives and the reason is revealed" Iraq approved their budget on Monday June 3rd. I've known since June 4th Tuesday that the budget was unconstitutional...I've stayed quiet since then, to let the news catch up. I knew this immediately was unconstitutional. I knew it was going to get overturned by the court, the whole time. Now you're witnessing it. The news is finally, a month and a half later, catching up. That's how far ahead we are.
  10. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Community Comment: "I don’t understand how the budget can be sent back to Parliament when the President signed and sent it to the Gazette for publishing." Article: "A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed” THE AMENDMENTS NEVER GOT PUBLISHED IN THE GAZETTE YET. Samson Article: "CUSTOMS REVENUES AMOUNT TO NEARLY ONE TRILLION DINARS IN THE FIRST HALF OF 2024" Frank26 Question: "With the currency economy would you keep some of the IQD, it not exchange it all.?" This is something you have to decide. I can't tell you what to do. My intentions are to take about 10% of what I got & exchange it. Because that'll help me establish and get myself where I want to be. The other 90% I'm going to watch the float. As it goes upward, I'll probably take another 10% and cash it out at, maybe it's at $2.00 by then. If it ever reaches the reinstatement $3.22 I might be tempted to move an awful lot of it because after that it's looking for a cap and that cap might be $3.22, it might be in the $4.00 range. I don't know. That's the sequence I'm going to follow. 10%, 10% then eventually when it feels that it's time to move it all, we do it. [Note: Consult your financial advisor to create an exchange plan that fits your unique financial circumstances.] MarkZ I need to be very careful with what I can share. I will say that things are very upbeat. The banking system in Iraq is exceptional now; its better then what it was before the rate was reduced (2003?) They did not have this level of banking security in Iraq- even when the rate was $3+ USD per dinar. This is all over their news. Henig Tweet from From the Director of the Accessions Division of the WTO: #Iraq's Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting w/Baghdad's team in advance of their arrival in GVA. Glad to see their readiness & excitement for this historic meeting. Grateful for the dedication & hard work of the Iraqi team. Pimpy Article: "Nearly one trillion dinars of customs revenues in the first half of 2024" This article is really good news as we are aware Iraq has to diversify their income right now. They rely way too much on oil sales so they have to find alternatives to that. Customs is one of those alternatives. It is generating a lot of income for Iraq. This is exactly what we want to see Iraq do, work on budding those alternative revenues for Iraq. This is a big help...
  11. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed" Frank26 I strongly believe they are preparing you [Iraqi citizens] for a fixed international rate along with your inner fixed rate! What's this Inner Fixed Rate Frankie - a Dinar IS a Dinar..! MarkZ Article: “Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets. And we continue to hear they need to raise their currency…as it is under valued.
  12. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Foreign Minister arrives in Washington" Quote: "Foreign Minister Fuad Hussein arrived in Washington today, Wednesday, to participate in the 2024 NATO Summit." Frank26 The moment the value goes up where is the Iraqi dinar, where is that exchange rate going internationally? ...Forex. It's going to the community that is starving for this currency...In doing so the value will go up in what's called a float. Nader From The Mid East What's going on in Iraq is really really good. Last month you see me talking about this month, about July. I said from now to July 8th you'll get some good news and that's exactly what happened. You see every proof of possibility to revalue or reinstate. I think it's reinstatement more than revaluation. Pimpy The IQD is not officially trading on the Forex right now because it's part of their punishment, but it's listed there because they had a pairing at one time just like the [Venezuela] Bolivar...Once they've been paired before, even though they're in trouble and they might not be officially trading on the Forex, they're still listed as trading 1 to 1. That doesn't mean that's what's happening, it's like a placeholder. Think of it as a book-marker. They're not officially trading at 1 to 1...A book-marker, that's all it is...When the time comes and they start trading on the Forex again...they're already set up and can start trading right away. That's the same with all currency exchange websites. Militia Man The Central Bank...is probably telling people [exchange companies], if you don't do this [play by the rules] you're going to have a big problem...Those 1200 entities that were talking about going on strike got a reality check. Because could you imagine holding massive amounts of US dollars when you could be holding dinar and they change the value of the currency to show their purchasing power when they drop the three zeros? It's going to bring value. It's not a lop like a lot of people keep thinking...It doesn't bring any value. A lop is like a reverse split. It's silly. Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend said he heard in the rumor mill that we should revalue in country just above the dollar then we will see the launch of the deletion of the zeros and in a short time we should see the dinar on Forex. When it goes to Forex the dinar will float and probably close to a controlled float... This is nothing from the top, it's just the word around our banking friends/ employees. We could be wrong but we feel something close to this will happen. FRANK: All rumors originate from a source of truth. It's just exaggerated after that but all rumors originate from a source of truth... Mnt Goat ...two main issues concerning the monetary policy... The first issue is about the cash outside of the banking system... that the percentage of cash outside the banking system reached 91%... they already told us they have plan to retrieve this money... as investors in the dinar... part of the 91% also includes our dinars. They told us this money is desperately needed in the banks...But how will they get ours, as investors? So, the answer is...the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in. Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations. [Post 1 of 2] Mnt Goat The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase... there is not really much going on in the currency reform process... to indicate that the 3rd phase is started...One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan. [Post 2 of 2] MarkZ The chatter really is great right now... They [Iraq] told us they plan to activate and distribute the lower denominations in the month of July. We do expect some big announcements around the 19th of July. We know they plan on the HCL hydrocarbon laws settled in the month of July and we know they are presently in meetings with the US state department and military to set up the withdrawal of US forces... The US will still have bases there but will not participate in policing Iraq. This is one of the necessary keys to them reinstating their currency.
  13. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "During the float how much time will pass between each float as the amount increases?" We're looking at anywhere from 3 to 6 months. But if they are generous we may be looking from 6 months to a year. I pray that's the case because if they don't give us at least 3 months, if they give us one month, we're not going to be able to take advantage of the float. Pimpy Be careful of the hopium. I said this and I'll say it again, the value of the Iraqi dinar will increase but there's a possibility it might not happen the way you're being told... Militia Man Iraq has been and is seeking to join the World Trade Organization. Iraq is promoting self-sufficiency. Why? Because they have all kinds of assets. They have inputs and outputs. They have so many natural resources that they're going to be able to make things, to be able to have excess. There's a working party on accession of Iraq [into the WTO] on the 18th of July. That's important. Buckeyetree Article Quote: "The dollar system is a thing of the past." Sudani a while back told Iraqis to keep your dinars because the dinar will be stronger than the US dollar, that is, more valuable. IMO, so many will be affected in a good way from the reinstatement except for Iran and the politicians, no more stealing via the auctions which is a good reason not to delay further. IMO, the new lower notes with security features will be very pretty. Clare Article: "Iraq is the fifth largest economy in the Arab world and the 52nd largest economy in the world" Quote: "The magazine indicated that Iraq ranks fifth in the Arab world after Saudi Arabia, the Emirates, Egypt and Algeria." Frank26 The international community already has seen the new exchange rate. IMO the international community is satisfied and happy and anticipating for what is about to happen. It is not a secret.
  14. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 IMO this is an RI. They will reinstate that rate. I thought they would reach it at a cap but now they're talking about coming out right away with a fixed rate and that fixed rate might be $3.22 and then the float. That float should be very very small, very very quick because IMO it's going to reach the cap, boom! Very quickly. Pimpy Community comment: "July 18th is the next meeting [between WTO and Iraq], they need to RV before then" No they don't have to RV. People keep associating the RV with the accession into the World Trade Organization...The World Trade Organization doesn't deal with the exchange rate. They deal with the regulation and transparency of trade between countries. That's it. Militia Man Iraq has a project to delete the zeros. The delete the zeros hasn't happened yet. Iraq doesn't have an international acceptable tradable currency just yet... Samson Article: "Who is the new Iranian president, Masoud Pezeshkian?" Article: "Pezeshkian as Iran's President" Walkingstick If they float the dinar it will be in a very tight band. If it's a low rate, if it's a dollar then they'll float and it'll drive the rate up. But, if they come out at an RI, reinstatement of $3.22 and then the float, then they're going to have some serious very tight bands on the float. It will be monitored very closely. It will only allow it to be a plus or minus of 5%. It cannot go any further than that in the float. For example, don't let it get past maybe $3.50... They will cap it quickly... Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're back on TV and they're talking about the deletion of the 3-zeros...It was a segment of old newscast. The lifting of the 3-zeros was supposed to be done in 2011 and then it was supposed to be done in 2013, then 2016. Then they said it was also scheduled in 2017 and they talked about the lower notes and why they are going to be giving us these lower notes. It was a rebroadcast of old news story. FRANK: ...All of this is being explained to you right now because you are so close to receiving this blessing that Sudani promised. MarkZ Article: “Unfolding structural economic transformation in Iraq” This article is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate.
  15. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value. Pimpy Article Quote: "In the face of the strength of the official central exchange market the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in the stability of the general level of prices...due to the impact of the current dominant official exchange rate factor on the financing of foreign trade imports of 1300 per dollar." You guys aren't going to like this but what this guy is saying is they're very comfortable with the current exchange rate because it's very strong. It doesn't sound too much like they want to change it anytime soon. Militia Man Article: "Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank" It looks like Iraq's financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it. Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.
  16. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 This information of the monetary reform it's like a wildfire that's slowly growing and spreading. Clare Article: "Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad" Sandy Ingram Article: "JSC: The government has successfully completed the sale of securities" Quote: "The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed. This reflects the strength and stability of the State of Iraq." Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate. Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals. Pimpy Are you going to tell me July 18th is coming up Pimpy... They have to change the exchange rate in order to be a member of the World Trade Organization. As I explained before, Iraq has been a member of the World Trade Organization since 2004. They're just going through to re-qualify. That's it. The World Trade Organization has nothing to do with Iraq's official exchange rate. That has to do with the IMF and the World Bank. Just because they have a meeting on the 18th, that's just for them to go to the next step. The WTO has nothing to do with the exchange rate. Frank26 Question: "Do they have to pass the HCL before it RI's?" The HCL is already passed. The HCL has no need for anything. It sits there. Now, parliament is coming out and saying, we need to pass some laws in order for you to have the HCL and that might be.
  17. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will do just fine. The wealthy never never ever spend their bases or the foundation of their wealth. In your case this would be the profits from your Iraqi dinars. Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second is a tax professional to make sure Uncle Sam doesn't get large sums of their money. If you do anything else you are in the fast lane to going broke. Clare Article: Iraq announces the start of direct flights between Baghdad and Beijing" MarkZ I keep getting loaded up on the Rumor side …There is a lot going on and they are saying that we hit the banks sometime around July 12th. We will see what is accurate as we get closer… but my goodness, the enthusiasm from the banking side and the group side is nuts. It’s exciting but I don’t want it to be another let down. Frank26 Question: "Have the new smaller notes been revealed to the citizens of the public?" No. Walkingstick [Iraqi bank friend Aki update] The CBI board of directors decided...to hold meeting with only all of their executives of all their banks. These two or three meeting are going on. This is on the subject of the monetary reform, lower notes, exchange rate, budget. These next few days are going to be very silent. The press will not cover it. No one will know anything about it. They will suppress this information. This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move. Militia Man Key players are ready to get this thing done. It's a very good sign. I honestly believe we're watching history in the making. We're seeing progress like no other. If you're paying attention I think you guys should be really pumped and excited that things are happening.
  18. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article Quote: "Saleh showed in the news that the fixed exchange rate system in Iraq is based on the international reserve base that is the highest in Iraq's history and monetary policy as their foreign currency covers more than 100% of its total currencies issued." I spoke about this before saying that the more Iraq has in foreign currency reserves the stronger its currency will be. Right now they're at the highest it's ever been. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on TV and his is saying...our reserves are strong and there's no problem of the dollar in the market...By July 14th all will be fine with the parallel market rate. FRANK: Your reserves to back up your new exchange rate, your new national currency, is off the hook. It can not only back up your currency but probably other currencies at the same time... Mnt Goat Article: “In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...” Saleh... financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off... MarkZ ...in Iraq they are working with the Saudi’s directly to complete undersea cable agreement for internet connectivity. Iraq is becoming a central hub for communications in the middle east. Big news for Iraq. If you are going to be a regional leader- Iraq is going to need some higher valued dinar…imo
  19. MarkZ There is a lot of chatter as of yesterday over the HCL in Iraq. Article: “Parliamentary committee for “Economy News” The Oil and Gas law is almost complete-this is what we hope from Barzani’s visit to Baghdad." They want you to know they are almost done with HCL. From day one I was told to look for HCL being completed, and then BAM, you are headed to the bank! Militia Man Al-Sudani told us what? The project to delete the zeros is on the table. He said $1 will equal 1.32 dinars... If you look at the math, that's dropping the 3-zeros. Samson Article: "Official: Iraq's accession to the World Trade Organization is imminent" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said something strange and interesting. Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency. FRANK: Boom! Boom! FIREFLY: They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform. Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time... And now for a stretch of the imagination..! MarkZ I have been told by a number of different sources that the system [QFS - quantum financial system] is fully in place and tested. Nothing left to do but trigger it... with a possibility (treat as rumor- as we have heard this before) of money moving for us/ currencies as early as next week. This is all coming from many, many different sources right now. Reputable sources. This is very consistent chatter with big expectations. The system is in place and they hope to trigger it. I am pretty excited...
  20. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Article: "Advisor to the Association of Banks: The third strategy of the Central Bank is a new methodology for financial and banking reform" The Central Bank is prepared to achieve all goals in the second half of 2024 and the years of 2025 and 2026. ...these are from the original white papers that we talked about a couple years back. This article is the first indication that the white papers are the guiding light to the CBI's progress toward financial stability and banking reforms that aligns with International banking standards. Militia Man You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed. We know they have e-government, e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly. The WTO is at the core of this. It's real. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says that the development road project has Iraq as center of global trade and it will be the hub for the Middle East. FRANK: Of the Middle East? No. The world... They're trying to tell you, you have a new exchange rate because these words don't mean anything at 1320.
  21. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: They tell us on July the 18th we will be official but they keep hinting that we're already part of the WTO. They got some guy from the WTO saying that the WTO got this on our WTO calendar already. The newscast saying that is the day Iraq is fully accepted with no hold back or limitations on our currency. FRANK: This is very good news. IMO the new exchange rate should be well before that date. MarkZ On the Treasury side the rumors are dropping left and right. Everthing from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors - same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose. Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…things still look great. Clare Article: "Dinar Explainer 1: Why Iraq has Two Exchange Rates" Quote: "On a recent webinar organized by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate..." 1. Excessive Demand for US Dollars Internationally. 2. Internal Demand for Dollars. 3. De-Dollarization Efforts by the New York Fed: The New York Federal Reserve has restricted dollar transfers to reduce dollar flows to Iran and Syria. They have also excluded over two dozen Iraqi banks from transactions, which has increased the complexity and demand for dollars in Iraq. Pimpy Article: "Customs complete the first phase of the automation project and reveals its revenues within 5 months" They've been kept in the dark ages for a long time. Everybody was doing everything by paper and pencil and it was kept that way for a reason. Banking and other institutions are seeing their companies change with this new technology are going to be excited. It's going to make their work a lot more efficient...it's only going to get better for Iraq. This is one of those way they can generate revenue other than from oil. This is exactly what they need to diversify. Quote "revenue rate will raise by the end of this year to 200% from what it was in 2022." That's a hell of an increase. It's going to boom over there. MarkZ there are some things out of Iraq that should make us feel good today. Article: “The President of Iraq approves the 2024 budget schedules” Rashid approves a number of laws including the 2024 budget tables. My contacts over there are saying they got the budget tables posted in the Gazette, but did not get a new rate. No kidding - we kept telling you it's not in the budget. They let us know that they figured the budget of 2024 on an average price of a barrel of oil at $80 USD. This is progress.
  22. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "A new Iraqi plan to return the green bird to the skies of Europe again" Quote "The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again." Wolverine “I want you all to get ready as Iraq is going to have a massive celebration this Sunday 30 June. The RV is nearly here and it’s going to be very emotional for all of us...It would be awesome if it were true...! Pimpy I own 5 million Iraqi dinar. Nothing would make me happier than to wake up in the morning and hear, 'hey, the new exchange rate is 3 US dollars for 1 Iraq dinar and they kept the zeros on there.' I would be jumping up and down...
  23. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "When they release the new rate in country will it be international? Will we be able to exchange, or will there be a delay in between?" When the CBI releases the new exchange rate, that's it. It's automatic. There's only one exchange rate. There aren't two. Bruce News from Iraq, from the source in Fallujah, and this source was saying that we would have the Iraqi 2024 budget in the gazette over this weekend, that would be Saturday or Sunday. Samson Article: "Iraq and Britain discuss preparations for Sudani's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries" Militia Man This isn't the old days. It's a progress of education that they are teaching us and they're teaching their people. They're telling the world what they're doing. The 'big money', they know how this is rolling and they can see this. These are the things we should feel good about, because this is showing us big things are happening. Frank26 Article "Cancellation of Paragraph ( 5 / d ) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms". INTRODUCING THE LOWER NOTES! Clare Article: "The President of the Republic approves a number of laws, including the 2024 budget schedules" Quote: “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024. The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force." Mnt Goat ...it is nearing the end of June already. Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV. Kaperoni Until Iraq creates such conditions, passes laws, encourage investment, and Iraq begins to diversify away from dependence on oil, nothing will happen with the Iraqi dinar. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is saying parliament committee is saying there is a new number in the budget. They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes. Saying the budget has numbers that will change and that's unconstitutional without another reading. It is a 15 day appeals process. Holly ...based on Iraq’s progress things are definitely on track to being done. I see a culmination of this sometime this summer and it could go now or it could be later, no one and I mean no one will know when. We are definitely in the end time of all of this.
  24. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Sudani...I honestly feel he has put everybody ...in check-mate. He put Kurdistan and Barzani in check-mate when he showed them the new exchange rate IMO. He put all the contractors in check-mate ...when they rewrote [contracts] with the new exchange rate IMO ...Sudani has all those involved in monetary reform in check-mate, even the United States of America, WTO, everybody is in check-mate. Look at all the excitement... pomp and circumstances pointing at Iraq from everybody... bowing to Iraq. You got the oil we want. The whole world knows Iraq is in control of them. MarkZ ...I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday. I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette. There was some hope it would be printed this morning. Militia Man The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now... Clare Article: "Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries” Frank26 Article: "Finance begins distributing estimates of the state's current expenditures, revenues, and public investment projects" That's a lot of words for one thing. You know what it is? The budget has the new exchange rate in it. These steps will reveal the new exchange rate. A few outrageous rumors were omitted...!
  25. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 What sense would it make for Iraq to join, at a program rate, the WTO? It makes no sense. The Vietnamese dong it's in the WTO, but they are totally different. They deal with China and they have undervalued currency. Vietnam is a totally different scenario. Going into the WTO at a program rate is ridiculous. Everything is waiting for the new exchange rate so everything will make sense... Militia Man Iraq's working party on the accession of Iraq [to WTO] is July 18th 10:00am. I think we're waiting for a precursor to that. But, obviously they're going to have accession. When that exactly happens, on what day, is to be determined. They have things that have to happen prior to that. Pimpy I understand why people are frustrated. The dinar itself is not a scam but people do use the dinar to commit scams. Sandy Ingram Article: "The European Union announced...the Iraqi government has achieved development in international investment" There was a signing of the Singapore convention on mediation. Clare Article: "Parliamentary law challenges the '2024 budget tables' and the federal government is waiting for an answer within 15 days” Quote: "the appeal was submitted “on the pretext that the numbers mentioned in the budget items will change, and thus this is considered a change to the law and requires the implementation of a new law with a first and Second reading, and final approval.”
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