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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: "TODAY, JUNE 1ST THE CENTRAL BANK LAUNCHES THE ELECTRONIC PAYMENT PROJECT" Just as they said they would. As you may know if you have been following this RV saga for years, that the CBI has wanted to institute this POS effort for almost 2 decades now. Finally its success. But why? Why now? ...its because of the de-dollarization and the NECESSITY to do it now, yes the changeover of the currency.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni There are a lot of new articles over this past week coming out of Iraq pertaining to the transition to the digital economy. The government, stores, fuel stations, etc all now are using POS (point of sale) card readers. Iraq is transitioning away from paper. The dinar is also becoming Iraq's primary currency as they transition away from dollars. Pimpy As an individual who is an investor in the Iraqi dinar you sit back and you ask yourself, 'What are the things you don't want to see happen that can set you back?' You don't want an uprising. You don't want to see a corrupt government try to become a tyrannical government. There is fighting between Afghanistan and Iran. What you don't want to see happen is it spills over into Iraq. The last thing you want to see is an excuse for American troops to go into Iraq. And guess what's happening? Yep, troops are going back into Iraq...Biden is yes, sending troops back into Iraq. Unbelievable..! Clare Article: "The Central Bank of / NINA /: Issuing a new denomination for the national currency is not on our agenda at present" Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article "The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars" Quote "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq." Frank26 If we have the budget on the 1st, if we have the POS activated on the 1st, I bet you we'll have the ATMs activated and that would be more powerful than anything else because those ATMs - you know what they got. You know the program, the software. This is all my opinion, nothing more. Walkingstick The combination of the POS and the ATMs would be good to be released together. Maybe Thursday..? Militia Man Fed-Now was going to be coming out on July 1st but turns out they sped that up to June 1st. That's just in a few days. That's to accommodate the global real-time growth settlements. To me, there's probably no coincidences at this stage of the game. All currencies are going to get affected by this release...Any new exchange rate that has substantial price increase is going to affect the region. It's going to affect the globe...it's powerful. All boats rise with the tide...all of these things are going to happen in a synchronized manner. To me, it's going to be a global event. I hope I'm right. I hope we're all part of it because it sure looks like it's really coming to a head... Mnt Goat Article: "IRAQ RAISES ITS GOLD RESERVES BY 2% TO 132.73 TONS" Why is Iraq accumulating all this gold? Are they backing the dinar with it? Are they going on the gold standard in a serious way? I have already given you some proof that they are. This article is just more of the same. Sandy Ingram "This is What Happens the Morning the IQD Increases in Value Against the US Dollar" [Series 2 of 5] ...The Iraqi Dinar floats to 25 cents to one IQD...Regardless of what the status of exchanging your IQD for USD is, you will want to develop a cough and call in sick...Stay very calm. Do not text family members, and only tell your spouse if they can be trusted to keep the information a secret...call your boss at work later on in the day and explain that you will be in to work the next day or in two days. YOU WANT TO KEEP YOUR DAY JOB UNTIL YOU CAN INVEST YOUR PROFITS AND CREATE A POSITIVE CASH FLOW FOR YOURSELF AND YOUR FAMILY. If you do anything else, you are in the fast lane to going broke. [Series 2 of 5]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: New currency notes are being explained to us and they're saying they are coming to us. Talked about the need of why they are bringing a new currency and a new exchange rate... FRANK: They are now again repeating to you you're going to receive a new national native currency that is being put right into your hands. You see what they're telling you about the international theater and how this new currency is going to be all all over the place. That's because it will float in a basket. These are incredible time for you... Deepwoodz Question: ["...A friend... thinks budget before the rate. I think rate before budget. What is your opinion?] Rate before budget or budget before rate ?" ...All they talk about lately is the budget. Then supposedly the HCL is next. We haven’t seen any descriptions of new currency or coins. No description of denominations. Supposedly the exchange rate is a “line item”. Supposedly it can be changed any time like an amendment and I suppose I can see that happening. Sounds logical. What would be the benefit of budget first? I think the benefit is that the rate is a secret. Until it isn’t....They have huge plans ahead and will need to get the budget done in order to capitalize on a new rate... Clare Article: "Economist: stagnation hits the Iraqi markets due to the delay in approving the budget" Walkingstick [Walkingstick's Iraqi Bank owner friend report] It looks like on June 1st they want every point of sale device that has been handed out already to go live with the CBI. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're telling us today that Thursday they will activate all electronic payments, all POS devices in all government and private sectors... FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting. June 1st. MarkZ Comment: Is Iraq going to float first? I am not hearing its going to float. Goldilocks We currently do not have a rate change in Iraq, but we are getting closer. Let's take a good look at where we are. Iraq is currently moving into electronic mechanisms design to fulfilled trades on both sides of a transaction...These mechanisms are internationally approved and internationally based. Iraq has built up their foreign currency reserves to stabilize their economy. They have issued new VISA and MasterCard credit to their people allowing local and International payments. [post 1 of 2] Goldilocks They have a new working currency reform system. They have adopted their own National Currency, and it is now the preferred currency. * And, they have recently increased their gold reserves by over 2% stating that this is "just the beginning." ...did you know that gold and currencies are co-related? Holding gold strengthens relationship values between countries. It is one way to raise the value of a country's currency. [post 2 of 2]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "Have they stated which notes will coexist with the new small categories?" All of them will coexist. MarkZ So I am trying to keep myself reined in with this news today...It’s exciting …hope it plays out...I am hearing that this month is still very much in the target. Meaning there is a possibility of notifications and announcements tomorrow...That is the rumor. I am stunned at the number of well connected sources that believe this is accurate today. From the number of communications I have received (from where, your imagination..?) …tonight may be an interesting night on the boards. There is a very concerted effort to make this happen. I have a lot of excited bankers as well. Hope this is accurate…the chatter is through the roof. Sandy Ingram "This is What Happens the Morning the IQD Increases in Value Against the US Dollar" [Series 1 of 5] ...The Iraqi Dinar floats to 25 cents to one IQD. It is not unreasonable to think that you could wake up one morning and this be the case! ...Your first task would be finding out where you can exchange your IQD for greenbacks. The bad news is you may have to travel to the Middle East to trade your Dinars. Or, the good news is the banks in the United States will exchange your IQD for USD. [Series 1 of 5] Henig Article: "In one day Central Bank of Iraq boosts gold reserves by about 2%" Quote: "the Central Bank Mazen Sabah revealed that Iraq bought 2.5 tons of bullion on Thursday, bringing its reserves to 132.73 tons, pointing out that the strategy aims to obtain more gold in the second half of the year...Iraq resumed gold purchases in 2022 after a four-year hiatus as part of a program to diversify its foreign assets of about $100 billion".
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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 The term “redemption center” may be throwing people off. Here in the states I believe about 95% of redemption locations will be at banks that are set up for it with people trained to exchange foreign currency and equipment for verifying currency. When I say the term “redemption center” it just means a place, branch, bank, location where we will go and exchange. I expect it will be the same in the UK and the rest of the world as it is in the US. Deepwoodz ...We have the advantage of looking back at the last year in particular and seeing hundreds of steps taken. All in the right direction. Don’t you agree that what they have done to date is amazing? I mean there were YEARS of nothing. Scraping for something in an article that remotely sounded promising. Now, take your pick. It’s all good news. I mean seriously, I don’t want to wait any longer either, but if it takes another year...what’s the difference? ...Try to be ready is the most important thing. Frank26 The proof of our monetary reforms are in the articles...Look at the numbers. Look at the accounting. Understand that everything they're telling you is impossible at a program rate. You're not easily fooled are you. You're not gullible. MarkZ A lot of people sitting and waiting on “go” and sitting at the edge of their seats. Out of Iraq I am hearing they have made progress with the rubber stamping of the budget…and the final vote is expected tomorrow on their budget...But again, there is conflicting articles from their media which is to be expected. When you look at China, Kuwait and other RV’s around the world –misinformation is to be expected... Militia Man With the amount of back and forth, everyone should be seeing this...as a final turning point... They're getting ready for this '23, '24, '25 budget. It's an investment budget...not an operational one. They're going to have to, over the next 3 years, get that budget to be at a moderate price exchange rate. 1310 is not going to work for this... Samson Article: ”The Central Bank of Iraq boosted its gold reserves by about 2% in one day last week...” Iraq storms the gold market with intensive purchases! Frank26 You know what we're waiting for. I call it the second article from the CBI. Basically it's the announcement to the Iraqi citizens, 'Here is your new national currency. Here are your coins. Here is your new exchange rate.' All these things are going to come about IMO very strongly.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Question: "Did the budget just get published? Does this make it official? Kinda goes away from rate before budget." THE 3RD VOTE TO MAKE IT OFFICIAL HAS NOT HAPPENED YET. Frank26 The farther we go into this the more I think these [new rate and lower denomination notes] are going to go neck and neck. I was thinking maybe we'll have the exchange rate and then we'll have the currency. Some of you feel we'll have the currency and then we'll have the new exchange rate. Well that's kind of not very good logically. I'm feeling maybe we'll have everything all at once together which would be the smartest thing... MarkZ Article: “Finance Committee suspends work until budget disputes are resolved” Just stay calm…its purposeful misinformation. They are talking about their lower denominations and much more…watch what they do. Here is another great sign “Iraq boosts gold reserves by 2% in a single day in gradual buildup” They are separating themselves from the US dollar. It’s happening guys. Comment: If Nader can use his dinar based debit card anywhere in the world now…i think we have to be close. [reference Nader post 5-28-2023] Answer: Obviously they've done more then they are telling us…obviously things are happening. Yada Article: "Fatah deputy: The budget will be presented to a vote in the next two days, and we await the response of the Kurds to the framework" ...Reading the content, it indicates they can pass the budget now without the Kurds agreeing. The group of the Kurds they are referencing is a minority group and can be pass without them. But, the Framework, is giving them a chance to be a part of the consensus...We are there folks, just waiting for the minority's response...whether they respond or not, will still get done. Walkingstick The ATMs are on. They are active. They have been turned on. The only problem is the citizens aren't using them yet... [Walkingsticks bank friend here in the US] bought 18 of them. He's not in Iraq. -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man You can't make this up...Lo and behold they come to an agreement to sort out the U.S. debt, and then now the next thing is we're seeing they [Iraq] are getting ready to sort out the 2023, 24 and 25 budget. MarkZ I did think we would have seen the budget yesterday. I have some sources over there that still say its done…they are still working on logistical things? Over the weekend they are talking about lower denominations again. About the importance of lower denominations and the importance of digital banking. They are giving us all the information for those paying attention. They are still educating people on the coming price change ...On the rumor side: Some sources think tomorrow is still a “go” . Some think we will be in the banks before the 10th of June. No one knows the date or rate…but everything tells us how close we are. Clare Article: "After the recent amendments" .. Shafaq News publishes the 2023 budget bill" Quote: "According to the text of the budget...the financial revenues for this year are estimated at 134 trillion, 552 billion, 919 million and 63 thousand Iraqi dinars, by calculating revenues from exporting crude oil at a price of $70 per barrel and a daily export rate of three million and 500 thousand barrels and 400 One thousand barrels per day of the region’s oil exports, and the exchange rate for the dollar is 1,300 dinars."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article Quote: "The national security agency carried out a wide campaign to adopt the dinar instead of the dollar in commercial dealings in Kirkuk" Why is the security agency doing that? If you have a brand new currency and it's coming out, obviously there's going to be coming out obviously there's going to be some security risks...they're also educating people...it's an awareness campaign...it enhances the citizen's confidence in the Iraqi currency... Nader From The Mid East I can use my Iraqi debit card in America...I never talked about the credit cards or ATM...they're telling us today the credit cards we can use them international. I can use my debit card here or my credit card anywhere in the world...Of course our credit cards doesn't work with dollar, work with dinar. So if I'm here (United States) I'm gonna go to any bank, example Chase, get money - What's going to happen? The dinar is going to be exchange by the dollar between banks. A week ago I came out and said it's gonna float. There's your float. For now it's not showing on Forex. Believe me guys it will start to float. Now I can use my card here...
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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: "Planning: Items in the budget to address the impact of the dollar exchange rate" Quote: "The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen.'' COMBINE THIS ARTICLE WITH THE FACT THAT THEY WANT TO ALSO INTRODUCE LOWER NOTES BELOW A 250, THEN WE HAVE A NEW EXCHANGE RATE AND A NEW NATIONAL CURRENCY. Pimpy Don't get caught up in the hype. There is no in-country/out-of-country exchange rate. There's no in-country free-floating exchange rate/out-of-counry fixed exchange rate. No. It's the same all the way around. Just hang tight. Don't be impatient. IMO it's going to increase in value...I do believe we'll see a very healthy change in the exchange rate over the next couple years...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man [Budget delay] Article Quote: "the relationship between the federal government and the regional government (Baghdad and Kurdistan) will soon prompt the legislation of this law [budget]" All that's positive. Just because one guy comes out and throws gas on the fire doesn't mean that's going to burn long. At this stage of the game I believe it's not going to burn long. I think it's going to turn out to be...in the next couple days we're going to see these guys get together and hammer it out. Frank26 Who cares about the budget. I care about the new exchange rate. And so does the budget for that matter. MarkZ Article: “Iraq open to the world! An IBBC conference upcoming is celebrating Iraq’s return to International engagement”
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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 NORV [aka Kaperoni] ...I have always stated with the success of Iraq's economy will come the increase of the dinar. ...some interesting news...Article: "The Social Security Law includes many privileges for workers in the private sector" This law was passed last weekend...This is critical to get people off the government payroll and working for the private sector which has been stated already will not only diversify Iraq's economy but rebuild the country. Article: "Retirement: The insurance law will provide a salary for more than two million workers in the private sector." They plan to launch this law in August. Which in essence means they will launch the private sector at that time. This is big news. So we can expect significant changes come August to Iraq's economy coming yet this year.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Planning: Items in the budget to address the impact of the dollar exchange rate" Quote: "...serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens," Militia Man Let's go back to Thursday: The Central Bank disabled electronic payment cards. We find that to be very interesting because we haven't seen them do that before...we haven't seen them come fully live yet...They said "maybe" in 2 days so in other words it could be a little longer...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy ...people trying to claim there's a in-country rate and out of country rate...there's not going to be one that's for out of country and one that's for in country. The only time you're going to see...them talk about two exchange rates are the parallel exchange rates. All that is is the difference between what the government says the exchange rate is and ...what the parallel (black market) rate is. So it's what people are willing to give you on the streets versus what the officials are willing to give you in the bank. Militia Man Article: "Banknote of 50 Iraqi dinars must be printed" Right now their lowest currency is 250. This article is suggesting...a 50 or say 100...To have smaller denominations tells you there's going to be an increase in the value to the currency - to have a need for those small currencies... Quote: "...we're in an economic crisis so we must hasten to find a solution." ...they're openly talking about small category notes. Not all of them. They just give reference to the 50 and the 100 which is a step in the right direction. MarkZ In Iraq Article: “A special session to vote on the budget on Monday” they are working on it as we speak. I was hoping we would have had the quick rubber stamp on it by this morning…but nothing yet...We told you last week that the new rate may not be in the budget…what is important is the mechanism is in the budget to change the rate whenever they need to. Things are looking great everyone…absolutely nothing negative. Many conversations on Iraq over the weekend on lower denominations. How they need something lower than the 250 dinar note. They talk about re-establishing the 50 dinar note...Why do they need smaller notes if they have coins? It means they are preparing to change their value...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The Iraqi Stock Exchange achieves the first place in the Arab world in terms of daily trading volume and rate" Quote: "the Iraqi Stock Exchange achieved the first place as the best market in daily trading (trading volume) and the daily average number of shares traded for the year 2022" MarkZ Article: “Budget 2023-politial consensus and parliamentary disagreement - when will it pass?” The people in Iraq want to know when the budget will pass. They want you to know they are meeting over the next few days and they are going to grind through the budgetary process. Personally I think this is all show and they have already approved it. And for whatever reason they are trying to buy a few more days before they let it go. The question is WHY? That’s the question I am asking myself. Frank26 Article: "Economist: The Central Bank is working on issuing new cash... and warns of a commodity catastrophe". THE NEW NATIONAL CURRENCY IN LOWER DENOMINATIONS WILL AVOID A CATASTROPHE! Walkingstick This transition from USDs to IQDs in the country of Iraq can only work with a different exchange rate. The program rate is being officially removed. Nader From The Mid East I'm upset. I got bad news for you guys. I'm really heart broken. It is what it is. The truth hurts. The reality is very painful. There's no rate change in the budget. There's no RV's happening tomorrow or this week with the budget. I'm sad but what do you want to do. It's life. The good news on the budget, there's no law can stop the RV...In the budget they put this law they can change the exchange rate anytime...I want to be 100% wrong believe me. I hope I'm wrong...I think it's gonna be good though. It's gonna be good. Let's see what going on...
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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 Quote: “an unprecedented reconstruction campaign led by Prime Minister Muhammad Shia al-Sudani in the capital, Baghdad, in particular, and Iraq in general, stressing that the general view of Iraq now has become optimistic.” ...for years I have been saying when will they get serious about the reconstruction of the war-torn Iraq? I also said that when they do, we will then most likely see the dinar reforms we need and the reinstatement shortly following. This does not mean the reconstruction has to be completed but only budgeted and the budget passed and opened. They must show Washington they are serious this time. Iraq must be STABLE and SECURE to get the reinstatement.
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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 can slowly see the fourth package of currency reforms being rolled out and long-term effects of it. This is simple economics 101 folks. Create a demand and the price of the item increases. This time we are talking RATE, the rate of the dinar. So, create the demand and people will pay what they need to pay for it. The CBI has already established a fair official rate of 1320 dinars per the dollar. They are now telling us they have matched the parallel market...Remember the value has been in the dinar all along. The value is based on assets and so when will the final global rate match the true value of the dinar? We wait for this day and its coming VERY SOON! From Saturday Midnight Clare Article: "The opening of the first factory in Iraq that works with robots with international specifications" Quote: "...announced the opening of the first factory operating with robots for the production of high-performance adhesives and fluids in the construction industry," Frank26 Articles about worldwide leaders, their investments in Iraq, their economic explosion. Only because of the success of the monetary reform...An article came out and said they have a quantum leap in their economic growth in Iraq. Only because of the quantum monetary reform. They say, follow the money, well in this case...follow the logic. All the things that you're seeing cannot be done at a program rate...they're constantly showing the world look what we have. Now they need to show the citizens look what you have too. And it's coming. CharlieOK $.47 for the dong in 2023 is a joke. It was worth $2 plus in the 1950's. The economy of VN then and now are light years apart. Henig Article: "Vietnamese đồng one of most stable currencies in Asia: Experts" Quote: "Experts from VNDirect forecast that Việt Nam's foreign exchange reserves will recover to reach $102 billion by the end of this year." Militia Man The parallel market prompted the government to impose dealings in dinars by force by taking legal ramifications. In other words anybody that's out there now using dollars to do trade is going to be considered a problem.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "For the first time... two private Iraqi banks with assets exceeding two trillion dinars, and Asiacell achieving historic profits" Quote: "... Asiacell Telecom Company in Iraq achieved historical profits amounting to more than 100 billion Iraqi dinars in the first quarter of the year 2023, with a growth rate of 60%...net profit growth of Zain Iraq, to reach about 40 billion dinars in the first quarter of 2023, an increase of 800% compared to the first quarter of 2022." Frank26 They'll all cross the finish line together - the new exchange rate, the budget, the HCL, the new small category notes, the coins, the ATMs and bring back all the electronic cards and everything that was canceled and frozen for a few days... Kaperoni Community Comment: "...If it [the dinar float] starts going up two or three hundred points a day or even a week I’m gonna empty my savings buying more..." It is my opinion you won't be able to buy any physical dinar. My guess is you'll be able to deposit your dinar in a dinar denominated account through a ECM/brokerage firm and trade electronically.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Saleh: The insurance law allows employees to transfer to the private sector with all their pension rights" Quote: "...the approval of the Social Security and Retirement Law for Workers...has become one of the most important pillars of building the social market in Iraq, pointing out that the law will allow state employees to transfer their full pension rights to the private sector and vice versa..."
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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 Deepwoodz Some have said... “How can Iraq afford to come out with such a high exchange rate of 3+ ? How can they afford to pay out to all the other holders of dinars in the world and stay wealthy?” That answer is simple and also explains how their budget can be so big. They don’t actually “pay” it out. The world is in agreement ie..the IMF, the World Bank, and all the other countries who hold dinar, that their currency should be 3+. Who holds the most dinar, soon the most valuable currency in the world? IRAQ DOES. Frank26 [Iraq boots-on-the-ground report] FIREFLY: We have been told for weeks that the budget will be approved with no problem but they keep backing it up and it seems to be something big is up. We knowing about the HCL is part of the budget so we know it's not going to be like other budgets. We know we're going to be getting ours as well. Something is happening... FRANK: Yeah! It's kind of like the tremors just before the major eruption of the volcano. Clare Article: "Korean parliamentary delegation: Iraq today is more secure, stable and prosperous ..and we will recommend to the government to lift the travel ban to it" MarkZ Article: “Parliamentary Finance completes voting on the paragraphs of the budget law” They are passing and approving sections of the budget law before the pass the whole thing-which I am being told is still expected tomorrow.. Mostly theatre right now imo…they told us we would see this over the weekend and we are indeed seeing it. Expectations are for an early vote tomorrow to officially pass the budget. We are hopeful with the HCL in the budget that we will quickly see a rate change. There is a mechanism in the budget to quickly adjust the value. This is a very important thing that tells us they are planning to change the value.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick Article: "For the first time in Iraq...planning to stable a 'huge' financial center in a southern governorate" This is talking about Iraq becoming a financial center and economic hub in the Middle East and around the world. This article talks about world banks pouring into the CBI/Iraq.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Breitling Question: "Have you seen the Iraqi Parliament take any more action steps that you thought would be required before they actually have an RV?" No. They've done everything they need to do. They did that about a year and a half ago. There is nothing, no laws they can pass, all their banking restricting, them being compliant to the IMF, they're 100% compliant. So it's whenever they want to do it. Literally someone can wake up and hit the switch. That's it. There is no more policy [needed]. Frank26 Article: "Temporarily suspending international financial transactions for MasterCard cards" A PAUSE TO RESUME WITH A DIFFERENT EXCHANGE RATE. (See Clare Below) Clare Article: "The Central Bank disables all electronic payment cards.. and a source of {Euphrates News} explains" Quote: "Master Card and [Suge] have been suspended, including palm cards, pending instructions from the Central Bank," noting that "most of the cards issued in Iraq are suspended due to a change in the central bank's system and may return to work in the next two days." System, or currency value..??? [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 Clare Article: "The European Bank for "Reconstruction and Development" is expanding in Iraq" Quote: "The European Bank for Reconstruction and Development announced, on Thursday, the shareholders' approval of the bank's expansion in Iraq and Africa, while confirming a study of a proposal to increase the capital by between three and five billion euros." Militia Man Parliament is likely to vote on the budget law next Saturday. We heard that they were going to possibly do this on the 10th. Then they said they possibly do it on the 17th and then...they moved it to Saturday...the 2023-34 budget is like a chess piece. They're moving them back and forth, back and forth - why? Because they're waiting on something...an exchange rate change. That's what I believe is happening. 💥
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article: "Iraq and America discuss prospects for bilateral cooperation in the field of oil and energy" Of course we like to hear this...This is where the United States has Iraq by the short and fuzzies...the United States still controls a lot of what Iraq has including the Development Fund which is part of that executive order 13303. Frank26 IMO in these last few days of the budget being finalized they are reformulating the budget for the new exchange rate.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “CBI sells +$216 million in forex on Monday” This just means they sucked a tremendous amount of dinar off the streets. From foreign people trading things and buying things. $216 million in USD is $281 Billion in Iraqi dinar that was pulled off the streets. We are watching them do everything they need to do to increase the value of the dinar…they are preparing for it. Where in the world did this article come from..? Why in the world would the CBI need to sell US$ on FOREX..? Pimpy It's the same gibberish going on out there. How many millions of different times can you say that we're just waiting for the budget to be approved? Frank26 When you see all the things they're doing you can't help but scratch your head, how? Your currency is worth less than seven tenths of a penny compared to the American dollar. How? ...These next few days when they open up the budget it's going to open up a new chapter. We're all hoping so..! Clare Article: "Al-Rafidain directs the collection of taxes and customs fees in Iraqi dinars" Quote: "Al-Rafidain Bank directed its branches at the border crossings to collect taxes and customs fees in Iraqi dinars instead of dollars...The bank also decided that the receipt of the stamp fee will be in Iraqi dinars, noting that this step is in support of the national economy and strengthening the currency of the Iraqi dinar."
