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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 I remind you once again, you will only need to travel to exchange your IQD only "IF" Iraq prints new money. MarkZ Article: “Iraq is seeking full membership in the International Financial Action Organization” I think this one is important because they cannot get full membership without a meaningful currency change…according to most experts. And I agree with them. Mnt Goat WOW! So much news once again about the dinar and... today we are hearing many surprises...The CBI is going to allow any currency to be accepted by the banks in addition to dinar and US dollars. But also to pay for imports and the bills of merchants with other currencies, besides dinar but including dinar. Folks we have been waiting a long time to hear such good news. ...we are going to get the reinstatement very shortly now. Just hang tight a bit longer. Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see on television news that another delegation from Iraq banks is being told to go to the USA. This will be the 3rd group that goes there and meets again with the feds on why large amounts of dollars is being smuggled to private bank accounts inside of Iraq. Militia Man The Uproar has been about the exchange rate...the exchange rate in an official capacity is at 1460. The street rate is about 1600...that may sound like a bad thing but it may not be because what's it's doing is it's going to apply more pressure for the central bank to take action. And I believe they are taking action. Clare Article: "The US Federal Reserve will meet tomorrow regarding the dollar in Iraq" Quote: "The US Federal Bank will hold a meeting on Tuesday, in which it will study Iraq's proposals to curb the dollar's rise." Hopefully we will hear something positive tomorrow..! RON MarkZ Still hearing from the banking side that there are great expectations for the next 24 hours...Most of the chatter out there is they are still squarely looking at overnight tonight and into the morning. Pimpy It's starting to look like Iraq along with several other countries are in a serious currency crisis... Frank26 Article: "The US Federal Reserve will meet tomorrow regarding the dollar in Iraq" THIS IS A VERY BIG MEETING! Quote: "The US Federal Bank will hold a meeting on Tuesday, in which it will study Iraq's proposals to curb the dollar's rise." Hopefully we will hear something positive tomorrow..! RON MarkZ Article: ”The Governor of the Central Bank presents to Parliament a plan to adjust the dollar exchange rate” There is a tremendous amount of back and forth going on…. This is the yo-yo. This is the same yo-yo we saw in Kuwait. This is the same yo-yo we saw in china before their revaluation in the late 90’s…. This is the same yo-yo we saw from Germany after WW2... I thought the roller coaster was interesting before this…but over the last 2-3 days…this yo-yo is strong...Like Nader says…the fundamentals are strong. Things are solid. And they will keep playing this game with us and the whole world until they pull the trigger.
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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 .... Especially if it comes from Mark or RVAleady... RON RVAlready ...just because we might not be rich today does not cancel all of the progress that has been made. Today, as a target was promulgated on ISX going onto NASDAQ today...Per news articles today, ISX signed a new agreement with NASDAQ. It says nothing of a start date for trading. Henig Article: "The strategic agreement and the international chapter VII allow Iraq to request assistance from America regarding the rise in the dollar" ...Notice that Chapter VII invocation... MarkZ [via PDK] We have a bunch of news coming out of Iraq this weekend. They are showing the ISX is listed on Nasdaq but I don’t see any trading yet. But this is a huge development. This is a FIRST in this entire process and an exceptionally good sign. I can tell you the goal is still to flip the switch and the system between the 31st and the 1st. I am hearing this from all of my sources. At the same time if we wake up Wednesday without a new rate - I am not going to panic because we are watching it all play out. The news is overwhelming... I am getting constant updates from the banking side and from the government side and from every other side…folks are ecstatic right now. Militia Man In the last few days what we have seen is a quickening for things to happen because of what the United States Federal Reserve has done by deleting the US dollar from the [Iraqi] street...that's an ongoing process. That's not going to quit.
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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 .... Especially if it comes from Mark... RON Paulette I keep seeing all this about the ISX going "International"...The only thing I saw is the announcement that they are instituting the online trading platform for the traders and that this program had been being utilized and tested by one of the brokerages for a period of time...there have been International investors in the ISX for years... Ultimately, the only thing that matters to me is what the CBI does. The ISX just conducts trading based on the official CBI rate. Hopefully, when there is a significant rate change, the actual ISX numbers don't actually change, just the value of what it represents just as when they changed the rate from 1190 to 1460. Nader From The Mid East You heard before the 29th it's gonna go international. The 30th it's not international.What's gonna happen? We don't know. Their rate will be $3.80 I read somewhere... Wow. I don't think so... Sandy Ingram Article: "Iraqi Delegation Due In US Over Banking Restrictions Fro Dollar Smuggling To Iran" Iraqi officials are scheduled to meet in Washington early in February to explain why the smuggling of dollars from Iraq to Iran. This is serious. Evidently there is proof Iraq providing Iran with US dollars over and above the agreement for payment for the electricity. MarkZ ...The US seems to be pushing for a lower rate and not the rate Iraq needs. There is a lot of push-back coming from Iraq. Iraq no longer wants to be a proxy of the US anymore and are positioning themselves not to be. Article: “Prime Ministers visit to Washington is not on the table now” They have stalled their visit to DC. It could be because they intend to RV alone and kick the US to the curb? Pimpy Let's get back to Iraq because their currency is going to hell in a hand basket...Prior to the 2020 devaluation of the Iraqi currency we were getting 1190 dinars for every dollar. We are heading in the direction of getting 1750 dinars which is a huge devaluation [NOTE: Going up is bad for us]. It's going in the wrong direction. Basically it's getting to the point where the Iraqi dinar is about as valuable as the Zim dollar... And NOW for Mark's dose of MarkZ ...the banking chatter...is really off the hook from Europe, Scandinavia and other countries. Bankers are extremely upbeat about the next 30+ hours...The hope is that Iraq will announce late in the day tomorrow …and our exchanges starting Wednesday. I do not know how accurate this is. I am cautious about the number of places announcing this… I have heard from a overwhelming number of sources that agree on this…. Many bankers are giving me this same news. I am just worried they are again setting up a bad guy or two to take a fall. They have done this in the past...I do feel that this is exceptionally close... Close for the 2700th time..! LOL..!
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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: "Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems" Quote: "al-Sudani said, "A delegation headed by the Minister of Foreign Affairs...will visit Washington, bringing with it several files. One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal from all sides." A PROGRAM RATE IS NOT DESIRED BY EITHER SIDE... THAT IS WHY THE FINAL EXCLAMATION OF THE MONETARY REFORM IS BEING TAKEN TO WASHINGTON DC... IN MY OPINION...THE MONETARY REFORM EDUCATION GOES ACROSS THE POND TO DC! RVAlready From what I just heard, if I understood correctly, all sales and use of the US dollar in Iraq end tomorrow. I doubt this stops all of the black market tomorrow. But it stops all official use of the dollar. This should allow an international RV tomorrow. We will see what happens. Sandy Ingram The dinar went into a tail spin against the dollar after the New York Federal Reserve imposed tighter controls on international dollar transactions by commercial Iraqi banks in November to hold the illegal sharing of US dollars with Iran...The US is making it clear they will not tolerate violations of US sanctions against Iraq. There appears to be evidence of Iraq funneling large sums of US dollars into private bank account in Iran. This supposedly occurred shorty after the new prime minister was instated... Clare Article: "Independent deputy: Al- Sudani's visit to Washington is the only and last solution to the crisis of the dollar's rise" Quote: "If the visit is successful, the dollar exchange rate may drop to 1,450 dinars to its previous state."
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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 The 800#s, don't believe into it...Keep your money. Do not give it to anyone. Do not send it in the mail. Do not do anything. Do not trust anybody. Henig Article: "Reuters: Washington imposed restrictions on Iraqi banks due to the breach of sanctions on Iran" Quote: "Washington imposed restrictions on Iraqi banks due to a violation of sanctions issued by the Iraqi authorities, pointing to Washington's intentions to apply the same restrictions to the rest of the countries in the region that prove their dealings with Iran or Russia outside the American conditions." Frank26 [Iraq boots-on-the-ground report] FIREFLY: This new app the CBI is now talking about, why do all that to check the status of the exchange rate if nothing is going to change the rate? This is huge deal to tell us we can access from our phone. We know the rate is changing and that's why they want us to look and constantly be aware because the moment it changes we are to run to the banks. FRANK: ...It's stupid for them to tell you to look at the exchange rate in your app when you know damn well the exchange rate is killing you...Why are they telling you to do this? It's to prepare you...this is all part of the monetary reform education. It is marching forward... Suzie If all the intel/info is correct as being alluded to, tomorrow should be a BIG day...or if Iraq will jerk that famous flying carpet out from under us once again. Lets hope the ISX shows up International to us on Monday and they and us go forward! Militia Man The goal is to get an international, Article VIII compliant currency so they can go out onto the ISX. We haven't heard them deny the ISX is going to go live tomorrow as an international entity but we'll see what happens. We know that is something that's been on the plate...and the 29th was a target date so hopefully that happens...
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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: "THE OVERTHROW OF SPECULATORS AND THE STREET GIVES THE CENTRAL BANK A WEEK TO SAVE THE DINAR" ...these dinar rates at even 1166, 1450, etc. are NOT acceptable. The true rate is being suppressed. There is a difference between the wording of “value” and “rate”. The value of the dinar never left the dinar since it is based on the oil they are pumping. In fact they are pumping almost 2/3 more since Saddam Hussein’s day. Plus, there is a huge CBI reserve $100 billion + and almost 38 ton stockpile of gold. So, to think they have to rehabilitate and grow their economy first to RV to the rate we are looking for is very, very foolish... The rate does not reflect the true value. Yes, if they grow their economy to greater heights, the value and thus the rate should then reflect the increase and go even higher.
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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 Henig Article "Iraq gets about $100 million annually from aircraft crossing its airspace" Quote "the rate of aircraft passing through Iraqi airspace is about 600 aircraft per day, and according to the plans set, this number is scheduled to increase in the coming period due to the strategic location that Iraq enjoys, which makes it an important transit area for all international airlines, and that the company is now working on Expanding the scope of its work by modernizing the Iraqi airspace and opening new air corridors with all neighboring countries." [Reference Guru Kaperoni's post below] Frank26 [ Iraq boots-on-the-ground report] FIREFLY: The USA is helping with farming here in Iraq to diversify us more than just oil. [NOTE: Reference Guru Kaperoni's post below] Nader From The Mid East Iraq soon would be not dependent on only oil. They have a lot of things working on - tourism, business...import export...that's good news. [Note: Reference Guru Kaperoni's post below] Kaperoni Be assured nothing is happening with the dinar until Iraq diversifies their economy. REPOSTED
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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 ...we had some “WOW” news this week with the inauguration of Ali Alaq as the director of the Central Bank once again. No, he is absolutely not in a proxy position...We must stop for a moment and ask the significance of this move by Al-Sudani to appoint Ali Alaq back as director... he was very ambitious and wanted to bring back the prestige of the dinar... [See Mnt Goat's Rate Chart on Friday Morning's post] I believe we can expect the same sort of communication...about where we stand with the project to delete the zeros and any move to go international...This will probably take place in a week or two. Frank26 Article: "Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems" DISTORTED BECAUSE THEY DEPEGGED & ARE PREPARING TO FLOAT INTERNATIONALLY Quote: "Al-Sudani said, There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003.."
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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 .... Especially if it comes from Mark or RVAlready... RON Henig Article: "Trade is likely to reach the wheat crop to 5 million tons" Quote: "The Ministry of Agriculture hinted at the possibility of Iraq reaching the stage of "self-sufficiency" in wheat in 2023 due to the expected amounts of rain...And that if things go according to plan and with the expected amounts of rain, we will reach self-sufficiency in the wheat crop, which represents the first food security for the country, he said." [Reference Kaperoni's post below] Sandy Ingram Question: "Is the IQD a good investment?" The answer to this is yes. Except for people are scamming people by selling the Iraqi dinar for higher rates and changing rates of 20% extra to purchase the dinar. Henig Article: "After a 3-year hiatus, the resumption of freight traffic between Iraq and Syria" [Reference Guru Kaperoni's post below] Kaperoni Be assured nothing is happening with the dinar until Iraq diversifies their economy. And NOW for the nonsense boys - Mark & RVAlready: MarkZ The news is pretty quiet which is totally what we expected overnight. There are however, many more confirmations of what their target is. Their goal is the crossover between the 31st and the 1st…Tuesday night into Wednesday...the chatter is still remaining overwhelming...It’s exciting. And it is close...I feel pretty confident we are at the finish line... Right now I am at 90% sure we will wake up to it on the first and whole different world...At this point I am not expecting a float. Everything I am seeing right now points to a set, stabe, measured change in values. RVAlready ... I think we may be up to bat on Monday...Finish line coming up.
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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 ....Especially if it comes from Bruce or Mark... RON Walkingstick In Our Opinion this is a very good step [Replacing the CBI governor] concerning the monetary reform because...nothing stopped! They just replaced him. It marches now at a faster pace...If Alaq is not on board with Sudani at his pace trust me he too will be replaced...no more nonsense. MarkZ Article: “Iraqi Delegation to Washington to discuss easing US restrictions on banks“ These restrictions by the US caused the value of the dinar to slide at least 10%. ...the Iraqi government now has permission to change their value... They will lose decades of progress if they do not pull the trigger. So they are in Washington and want those restrictions lifted…then BAM we have a new value. That is the way I see it. I am in a “any moment” frame of mind. Sandy Ingram Article: Iraqi dinar Analysis Quote: "When are the Iraqi dinar going to be revalued?" The Iraqi dinar's value is unlikely to change until 2026. The Iraqi Central Bank's spokesperson declared in March 2021 that the currency would remain set for the following four years. Another government official later that year acknowledged that the exchange rate had been set in government budgets." This more than likely surrounds the 'white papers'. Nader From The Mid East Yesterday he [Sudani] made a decision to change it [the dinar exchange rate]...but he cannot change himself. He's got to push the CBI. He's gonna find a way to convince the CBI to change the dinar. But we don't know what it is though. I can be not a lot. I don't know if it's going to be 1 to 1 or 100 to 1 or 1000 to 1. I have no idea. He didn't say how much. Henig Article: "The overthrow of speculators and the street gives the central bank a week to save the dinar" Quote: "Protesters gave, during mass demonstrations in front of the Central Bank building on Al-Rasheed Street in central Baghdad, the new governor, Ali Al-Alaq, a week to save the dinar from collapsing." Militia Man We have the forecast that sometime between now and the 29th of this month the ISX is going to go international on platform to be able to trade internationally with the region and likely the globe. What that means to us is...ready to launch this platform. MarkZ Article: “Abu Dhabi Securities Exchange (ADX)“ The ISX is on the Abu Dhabi exchange! For those who can see there is a ticker running and it has listed as of today…who is on their stock exchange …and right there is listed the IQD or ISX.- Iraq is on a foreign exchange platform in Abu Dhabi today for trading. For that to occur I was told they need a sound currency. This is probably our biggest piece of news telling us how quickly we are moving forward. [post 1 of 2] MarkZ Now, contrary to some of the rumors out there…this has not been announced yet in the streets…but it has been announced that they are going to do this… My guess is there was a “behind the door” deal for them to keep their dates on exchanges. Things should get very interesting over the next few days. I am still hearing this is our month even though there is just a few days left. I am still hearing when it rolls over to Feb 1st they have revalued their currency. I pray this is accurate...I have a sense of peace that we are seeing the completion of this thing. [post 2 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: ...They keep talking about the new currency. We think they are referring to a new rate. We hoping so. We want to see the rate go back the other way to strengthen the dinar. We're still looking for it to turn back and move to 1180 or so and then 1 to 1. This is all what my bank friend told me. He said all the new baking platforms that have been put in place to support this. Looks like things are in place to make us use the dinar only in our country and this is a process and about to come into place. Mnt Goat ... Is this a VERY GOOD time to conduct the project to delete the zeros and move to FOREX. Since there is a shortage of dinar and dollars on the streets it would be advantageous to do so. My impression is that it could not be a more favorable time in the history of this RV saga... and NOW for Bruce's 1-26-2023 Intel Guru Bruce [via WiserNow] They're all set and ready to go. Their currency will actually be traded on Sunday. Their first business day is Sunday, this coming Sunday. Okay, so that's gonna take place for Iraq - good for us...We don't know when - I'm not going to predict the time... but I’m hoping to say most likely Thursday...Iraq is good to go and they have a rate that is commensurate or higher than what Dr. Shabibi predicted 10 years ago at the International Chamber of Commerce meeting in Washington DC...we are at or above that rate now...let's see what happens.
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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 ....Especially if it comes from Mark or RVAlready... RON Clare Article: "Independent deputy: Al-Sudani's visit to Washington is the only and last solution to the crisis of the dollar's rise" Sandy Ingram Article: "Iraqi dinar analysis" Quote: "Who is in charge of the IQD exchange rate? The Iraqi government determines the Iraqi dinar's value, and it does not fluctuate unless the central bank alters the exchange rate. This means that the government sets the currency price for sale and purchase." We also know the IMF and the World Bank plays an important decision in helping Iraq to decide. Frank26 Article: "An Iraqi delegation visits Washington to discuss the crisis of the rising dollar". THE EU & THE USA REMOVED IRAQ FROM THE LIST OF THE MOST CORRUPT NATIONS IN THE WORLD... LAST YEAR. THEREFORE SUDANI PREPARES THE IQD TO FLOAT. And NOW, we come to the portion of RVAlready I think Iraq may, as usual, drag this out to the 31st. That will cause them problems, but will fit their historic pattern. I don’t see how they can blow past the 31st when their stock market is supposed to be live on NASDAQ on the 29th. Sudani has promised the world a revaluation by the 31st. Somehow, I don't remember Sudani making any such promise..! RON MarkZ ...the news from Iraq has been very quiet on the RV front overnight. There is a lot of chatter about logistics, who gets paid, and possibly the budget over the weekend...There is a whole lot of continued bank chatter. My contacts in Redemption centers, who also work in Wealth Management as their job...have been trained to process foreign currency. They are on call this weekend...they are expecting it to be a very hard work week next week...They are very excited about what is due to happen…. According to them…the first of the week and possibly over the weekend. Nothing appears to be dragging out…We know this is a “when” not an “if”...
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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 .... Especially if it comes from Mark... RON Clare Article: "Al-Shammari: The government's decision towards the dollar is bold... and reveals a commitment to the new central bank governor" Quote: "The new governor's pledge is to restore the exchange rate within a short period, and I estimate that it will only take weeks." MarkZ Here is a humdinger Article: “Sudani: We are supervising the completion of a “different” budget and continue our support for the restoration of our exchange rate”. This headline should tell us all what we need to know. Sudani has been very clear they want a “Restoration to their previous glory” exchange rate. To a pre-Kuwaiti war rate. …Pre Gulf War rate.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... Especially if it comes from Mark... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani brought back Alaq the former CBI Governor. He's back as proxy to run the CBI. He is saying within a short period he will return the exchange rates. My family want to know how did you know that? FRANK: ...We told you if Mustafa did not hurry up then he would just be fired. It's as simple as that..! Mnt Goat Article: "DEPUTY: THE DISMISSAL OF THE CENTRAL GOVERNOR WILL REMOVE THE TENTACLES OF CORRUPTION CONTROLLING THE BANK" Quote: "The dismissal of the governor of the central bank will remove the tentacles of corruption that dominate the central bank, and will contribute to reviving the Iraqi dinar a different version." WOW! This is amazing news. They are getting really serious now to revive the Iraqi dinar to times of the past. Sandy Ingram Iraq's currency has been experiencing a two-month roller coaster ride after a tightening of procedures for international transfers. Some people are blaming Washington for the dinars problems, however the U.S. has been complaining that the dollar is being funneled to Iraq, Syria and Lebanon through the foreign currency auction ran by the Central Bank of Iraq. Iran and Syria are under U.S. sanctions. MarkZ My redemption Center folks while on a heightened level of alert do not have any news to share. They are just standing at the ready to go.
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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 ....Especially if it comes from Mark... RON Walkingstick Question: "What do you think of this guy [Alaq the new CBI governor]?" Whoever came into the CBI had to be on board with the monetary reform that Dr. Shabibi established...A governor of a central bank, they're not thinkers. They don't have to do anything. They just do what they're told and he [the now former CBI governor] wasn't moving fast enough...governor of a central bank is nothing more but a yes man to the prime minister... Frank26 3 things I'm looking for. The new small category notes, the new exchange rate and the 2023 budget. That's the trifecta... Henig Article: "Economist: Appointing al-Alaq is a positive step to gain the confidence of the Federal Reserve Bank and the US Treasury" Militia Man They replaced the Central Bank Governor Gheleb with Alaq who was the late central governor for many years. He went off to the AMF (Arab Monetary Fund) who owns the Buna platform. He's back for a period of time to be able to facilitate things. And NOW for Mark's extravagant claims..! MarkZ [Nader...said the rate had been decided but he did not know what it was or when they were going to announce it] Nader was the first to break this news but, I am hearing the same from multiple sources…multiple confirmation about this news and none are associated with Nader. Some confirmations from people on the ground in Iraq…of late announcements from Iraq that the decision has been made to raise or increase the value of the dinar in comparison to the Us dollar. We don’t know what it is yet or when they are going to execute it. But, we know they have made the decision to pull the trigger. [post 1 of 2] MarkZ ...we do not know what that rate is going to be. But the dinar will become far more valuable than the US dollar. Will it be 30% higher and float…or $1, or $1.66 or will go all at once with the gold treaty…? We don’t know yet. Now we have to wait and see what that value is going to be….and how quickly they move on it... I am still hearing from my banking contacts and they are absolutely expecting it to happen by Feb. 1st…which is a very short window right now. [post 2 of 2] MarkZ I am hearing leaves being canceled and vacations being canceled from a couple of banking sources... Street level banks believe they will be busy with the new system starting Feb. 1st... Things are ratcheting up.
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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 .... Especially if it comes from Mark... RON Frank26 What did we tell you 3 weeks ago? 'It is possible the governor of the Central Bank of Iraq may be fired because he's just not moving fast enough for Sudani, the monetary reform, for all of those that are involved in the monetary reform.' Bravo! That made us look good but we're not here to try to look good. We're here to try to help you understand what's going on. The only reason we knew that is because we knew the scuttlebutt that was going on INSIDE of the CBI...We told you 3 weeks ago this was going to happen...boom it happened! Kaperoni ...Iraq's prime minister dismissed the current central bank governor Mustafa Ghaleb for his inability to control the exchange rate and reassigned former Al Maliki central bank governor Ali Al-Alaq to run the bank...Back in 2012 the CBI Governor Shabibi was run out of town when he tried to shut down Maliki employees within the CBI who were contributing to smuggling money to Iran. [Post 1 of 2] Kaperoni And recent months the US Treasury has been working with the CBI and current [former?] governor to shut down the smuggling of currency to Iran. And we see Al Maliki influence to get rid of Mustafa and replace him with his appointed CBI Governor from a few years back Ali al-Alaq. A pretty obvious pattern is being repeated here... Maliki is controlling the Central Bank of Iraq or at least influencing currency sales to help Iran. [Post 2 of 2] Clare Article: "Iraqi delegation to discuss dinar-dollar exchange rate with Washington" Quote: “Prime Minister Mohammed Shia’ al-Sudani is in talks with the US to increase the value of the Iraqi dinar in comparison to the dollar, and we will visit Washington soon, he added." Walkingstick It is not a shock. It is not a setback. This process that Sudani did with the CBI is because the governor of the CBI was not being transparent enough. And the education to the Iraqi citizens of the monetary reform was not fast enough. The new governor Alaq was the student of Dr. Shabibi, the author of the monetary reform of Iraq's currency. IMO Alaq is a lot better to take the monetary reform to its promised land of an international float. Under his tutelage was when they printed the new small category notes. Frank26 [Iraq boots-on-the-ground report] FIREFLY: There's going to be a national day of protest Wednesday at the CBI...We people are mad at the CBI because they're not doing anything... thousands are going to show up. FRANK: ...Your voice must be heard by the CBI that you need this new exchange rate now, not tomorrow ...your new governor of the Central Bank Alaq knows exactly what the monetary reform plan was and he knows exactly what Sudani wants...Let Wednesday be a form of communication... MarkZ ...They have to raise the value before they can be Basel 4 . They cannot be basel 4 first and then raise the value for a couple of reasons. 1. It’s not tied to an asset until they raise the value…but more importantly …If they were to go Basel 4 first… everybody around the world would know it is time to buy IQD in a massive way. It would create such a security headache and pain in the butt for this and really toss the value up in the air. They need to revalue first and then go Basel 4. I hear this will all happen within minutes. Mark you just ruined a good post by telling you what you heard " within minutes". RON MarkZ ...there is no negative news today … we are still getting positive stuff. [Q? : Mark, What does you gut feel for the timing of this to go?] I get in trouble everytime I say this…but my guy feels it could go anytime in the next 2 weeks…with an emphasis on the next 2 days. I hope my gut is accurate...lol. It would be nice if you were finally right for once, but we're not going to hold our breath..!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 MarkZ Article: “The Framework assigns the Sudanese a suicidal mission in Washington...A financial truce to secure employees salaries?” What they are facing is a shortage of dinar in the local market that is causing a liquidity problem in iraq…. They have plenty of US dollars…but dinar is scarce. You know how they could fix this? They could RV and put the lower denominations in circulation. To me this is a contrived crisis to try to help push the RV forward. Maybe I am being wishful in my thinking but, with the shortage of dinar the government is struggling to pay salaries. They have pulled so much dinar off the streets in order to raise the value and RV….
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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 They said the 1st maybe the 2nd something will happen. I don't know what it is. I wish I know what it is but something is happening. Samson Article: "Shafaq News/ The Iraqi ministry of Interior announced the arrest of a group of forex traders on Saturday...A source told our Agency that the security forces were tracing a "gang of forex traders" involved in "manipulating the market and tampering with the US dollar's exchange rate against the Iraqi dinar."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Henig Article: "A foreign newspaper: The Americans contacted the Sudanese more than (ten) times about the exchange rate and the smuggling of dollars" Quote: "The newspaper said that US officials raised this issue several times with the Sudanese Prime Minister, the latest of which was by the White House Coordinator for the Middle East and North Africa, Brett McGurk, last Monday, and US Ambassador Alina Romanovsky was in close contact with the Prime Minister and held more than ten meetings. The exchange rate was always at the top of her list." Frank26 Article: "Al-Sudani: We are supervising the completion of a “different” budget, and we continue to support the restoration of the exchange rate". SUDANI AND GHALEB WORK TOGETHER FOR THE 2023 BUDGET & NEW EXCHANGE RATE. Sandy Ingram Iraq's prime minister has dismissed the governor of the country's Central Bank of Iraq and assigned its former chief of the CBI. The Iraqi prime minister said he dismissed the head of the CBI in an attempt to assuage public anger over a currency crisis that has let to an increase in the prices of goods. MarkZ There is news that the director of the CBI has stepped down. Why is this important? Sudani said early in this process that if the CBI was hesitant to release it…they would replace the director of the CBI. Everything is ready…they have done everything they need to do for a revaluation…I am assuming…based on evidence I can see…is Sudani has made the decision to force the issue on a change in value…personally I am excited. Frank26 The American dollar is bouncing all over. The Iraqi dinar is going through a float internally. It's removing its 3 zeros so it can be at least 1 to 1 when they leave the border to float. Wishful thinking Frank - there's no guarantee as to what they will do..! RON Clare Article: "After dismissing him, the governor of the Central Bank, the Sudanese hints at a decrease in the exchange rate of the dollar" Quote: "The Prime Minister, Muhammad Shia Al-Sudani, relieved the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, due to the continued rise in the exchange rate of the dollar and the bank’s inability to curb it. Al-Sudani assigned former bank governor Ali Mohsen Al-Alaq to manage the central bank by proxy. The Prime Minister also referred the Director of the Trade Bank of Iraq to retirement and assigned Rabal al-Hamdani...Al-Sudani commented on the changes by saying: "The departments that have been assigned to the Central Bank and the Trade Bank of Iraq possess skills and will work to reduce the rise in exchange rates." RVAlready Article: "Prime Minister Mohamed Shia al-Sudani decided on Monday to relieve Central Bank Governor Mustafa Ghaleb Makhif from his post" Article Quote: "In a measure aimed at rehabilitating the Iraqi dinar and restoring its position in the local market, Prime Minister Mohammed Shia al-Sudani took a courageous and correct decision to reinstate former Central Bank of Iraq Governor Ali Mohsen Al-Alaq and dismiss Mustafa Ghaleb Makhif, who held a legal position in the bank...Observers are encouraged by this measure, which could put things back on track." Hopefully, this guy will straighten the CBI out. RV comin down the track. ******* -
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 I feel in my heart this is coming. It's almost a no-brainer. I don't know when. I don't know how, well at least 1 to 1 when it leaves the country. Sheila [Nader said) ..."they can now send money electronically and internationally just this week. From France to Iraq with no problem" …Is this a sign?] I absolutely believe that is a sign. I hear a delegation from Iraq has been here a week to work on putting the rate live in the system. And we have been over there in Iraq working on the rate to go live there as well. I hear the rate will be live on the 29th. ...You cannot trade on the NASDAQ with the ISX without having a rate. And that is the whole purpose of the delegation being over here...and at this point nobody should believe this won't happen until 2024…. Pay attention…we are all at the right place at the right time... It appears we have a female MarkZ - she appears to have inside contacts and "hears" things from special sources. Well, I hope she is right..! RON Samson Article: "The Iraqi dinar pays the price.. Washington cuts off the dollar smuggling route to Iran" Putting a halt to Stealing USD. WOW - Everybody is talking about the IQD..! 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 Frank26 Article: "The framework assigns Al-Sudani with a "suicide" mission in Washington... a "financial truce" to secure employees' salaries" THE FRAMEWORK WANTS THE AUCTIONS TO RETURN SO THEY CAN RETURN TO STEALING IRAQI CITIZENS' DINARS... THE FRAMEWORK KNOWS THAT A NEW MONETARY REFORM IS ABOUT TO BE EXPOSED, LOOK HOW THEY EVEN TALK ABOUT THE COINS THAT THE CBI TALKED TO THE CITIZENS ABOUT LAST WEEK...IT'S NO SECRET!
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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 Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" THE WALL STREET JOURNAL AND THE INTERNATIONAL WORLD TALK ABOUT THE EXCHANGE RATES IN IRAQ. Nader From The Mid East Today for the first time since 20 years my mom is able to receive money directly from bank to bank. What happened is, mom needed some money...I was in France. I heard they accepting an electronic payments. So I sent money to my mom from my bank in France through Iraq and she received it this morning! I sent it yesterday morning and she received it this morning. It's amazing. [Post 1 of 2] Nader From The Mid East I know it's not a new thing but...before we're not able to do that. Now we are able to do that. What's weird is I've been watching the exchange rate. The exchange rate 1670/1650 but when I sent the money it was only 1460...just like the normal rate. That's good news. Something has happened. Something has happened tell you the truth. [Post 2 of 2] BGG Article: "Saudi Arabia Says Open to Settling Trade in Other Currencies" ...Iraq is talking about their currency and it’s value almost every single day. The set of events I have discussed recently are now being talked about in MAINSTREAM outlets. Stick to news.! [Reference BGG post 1-15-2023] WOW - Everybody is talking about the IQD..! 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 .... Especially if it comes from Mark... RON Frank26 Article: "The Iraqi fans address Al-Sudani from the Basra stadium: “Reduce the dollar.” CITIZENS CHANT TO SUDANI BRING DOWN THE DOLLAR... BEFORE WE LOOSE CONFIDENCE..! Clare Article: "Al-Rashid Bank begins selling dollars to travelers through the Baghdad International Airport branch" Quote: "On Thursday, the governmental Al-Rashid Bank began selling dollars to travelers through the Baghdad International Airport branch, at an amount of (5000) dollars per passenger, at a price of (1470) dinars per dollar." Militia Man With all these convergences going on in Iraq gearing to do an exchange rate change I thing what we're going to see is these convergences come together in a very very short period of time because of...the need for the hydrocarbon law, Article 140, Sinjar agreement, all of these different things are coming together. The 2023 budget being next week, the World Trade Organization have had meetings today that included many countries not only Iraq , they're all waiting on the exchange rate. And NOW for or Mark's daily dose of MarkZ There is still very positive chatter. Most of my banking contacts still believe it will happen by the first. Nobody knows the exact date except the handful of folks that pull the trigger. Do I still think January is possible? Absolutely. They have positioned the money and could pull the trigger at any time. It would be nice if he was right this time. We shall see - one of his guesses has to hit.
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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 .... Especially if it comes from Mark... RON Sandy Ingram Iraq is still under sanctions and has an ongoing agreement with the U.S. government. BobTheTaxMan The [Modern day] IQD...replaced the previous currency that once had a value of $3.75 (that was an inflated price that was brought into play by Saddam. It wasn't justifiable and reality price)... [The IQD now] is considered to be under a managed float with little change in the value for the last two decades. The value is small at this point in time. The CBI...in recent years have stated they could support a $1.17... Henig Article: "Economic: Reducing the price of the dollar outside the ability of the government and the central bank" IMO: This article is in the category of FUD: Fear, Uncertainty, and Doubt. By saying that there's nothing anyone in Iraq can do about their own currency, they spread a feeling of hopelessness among the Iraqi people--and among investors in the Dinar. When investors feel hopeless, they start looking for the exits. That's the point of stories like this...This is an intentional strategy. Recognize and understand. And NOW, for our Mark's latest dribble of MarkZ Article: "Iraq dinar plunges to a new low despite the government measures.” They are under pressure …and imo the Iraqi people are more than a little frustrated because they were expecting the change in the dinar value to have happened already. MarkZ There is still zero negative news…I did get a little news out of Iraq…I got a big chuckle when I said “Hey, people are very concerned that isn’t going to go until 2024.” I have a great contact over there in the finance ministry…and he told me there is no way they are waiting. He said “If the rest of the world isn’t ready …you could absolutely expect them to at least do a NEER (Nominal Effective Exchange Rate of about $1.60). This would be nice, IF it were true..! Just more of Mark's nonsense...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 .... Especially if it comes from Mark... RON Clare Article: "The Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" Quote: "the Federal Reserve Bank in New York began imposing stricter controls on international transactions of dollars by Iraqi commercial banks in November 2022, in a step to reduce money laundering and illegal seizure of dollars that go to Iran and other countries in the Middle East that are subject to severe sanctions.” [Post 1 of 2...stay tuned] It's about time, and long overdue..! RON Militia Man They're about to make a change and it's expected not only by the citizens but also by the Ministries. They're all expecting something to happen from the CBI... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI came out and spoke because everyone is pointing fingers at the CBI. All they keep saying is the rise is for a reason. It's for the new electronic platforms that were in place to make sure that the dollar reached the one who needed it and not through other means illegally. This is absolutely new... streets are beginning to now start talking about how CBI is hurting every day citizens. FRANK: I don't blame you that you went to the CBI and you protested...The platforms that they're talking to you about, are where the dinar is going to float. There's nothing wrong with you as a citizen to put pressure on the CBI... Henig Article: "The dollar has gone down... the dollar has gone down"... cheers from the audience as Al-Sudani entered the Basra stadium" Quote: "the audience chanted: "Download the dollar...Download the dollar" in the dialect. IMO: A very poor translation in the headline there. It's not past tense, as the headline wants to show. They're calling for the Dollar to be devalued... Thanks for the clarification Henig - much appreciated. Now it all makes sense..! RON I intentionally didn't post any of Mark's opinions, because he's just repeating the same thing over and over again... 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 Frank26 Article: "For the first time... $100 jumps over 165,000 dinars in Iraq" THE USD EXCHANGE RATE WILL FLUCTUATE UNTIL THE IQD FLOATS INTERNATIONALLY. Guru Kaperoni I remind people...Iraq currently has over 100 trillion dinar in circulation. There is no possible way that can ever significantly RV the Iraqi dinar unless they gradually remove the currency in circulation first. Clare Article 1: "The Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" Quote: "the Federal Reserve Bank in New York began imposing stricter controls on international transactions of dollars by Iraqi commercial banks in November 2022, in a step to reduce money laundering and illegal seizure of dollars that go to Iran and other countries in the Middle East that are subject to severe sanctions.” [Post 1 of 2] -Reposted Clare Article 2: "Iraq Economy Reels as U.S. Moves Against Money Flows to Iran -- WSJ" Quote: "Iraqi banks had operated under less stringent rules since shortly after the 2003 U.S. invasion that toppled Saddam Hussein. Almost two decades later, American and Iraqi officials said they have decided it was time to bring Iraq's banking system into compliance with global money-transfer practices." [Post 2 of 2]
