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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Militiaman Article: "The 5 and (to) 10 thousand dinars denominations disappeared from the ATMs" With them even showing that the 1,000 - 10,000 notes are disappeared from the ATMs is very telling. With the UST telling us the G-20 have 136 countries in agreement on digital International Taxation and a flat tax, the cross boarder data and digital trade noted by the G-7 today, it is not surprising that they would be adjusting for the NSCNs to replace those the 1,000 - 10,000s. The need for them will diminish with a new international exchange rate applied. It doesn't take long to replenish ATMS. The goal is not to worry the citizens, the goal is to make them happy with the new purchase power that the new smaller notes will bring... ** Sandy Ingram Article: "19 Iraqi Banks rated by international agencies" On the surface this sounds like insignificant news. However let me explain. You will be dancing after you understand this... Quote: "19 licensed banks in Iraq have been rated by accredited international rating agencies - Capital Intelligence, Fitch, Moody's, Standards and Poors, - the bank [CBI] said...it is a sign of their compliance with domestic and international standards..." [Post 1 of 2].. ** Sandy Ingram Quote continues: "...The central bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors especially after their success in obtaining such classifications..." I'm sorry I don't think you heard me and if you heard me did you understand what I said? 'Increase relationships with international banks.' Meaning the CBI wants to be in harmony with international banking systems. She [The fat lady] may not be singing, but she sure is dancing. Iraq wants to co-mingle with international banks... [Post 2 of 2].. ** Vital Brad Question: "When it finally revalues how do I turn it in?" When this thing goes international and Iraq is back on the international arkets...you're going to be able to go down to any bank that offers Forex...you can exchange currency from other countries. Those banks will all of a sudden be able to exchange the Iraqi dinar and our hope is at a new rate... ** Samson Article: "Report: After lifting immunity, former MPs leave Iraq" Report quote: "the dissolution of the Iraqi parliament on the seventh of this October resulted in the lifting of the parliamentary immunity guaranteed by the constitution for hundreds of deputies whose results showed the last legislative elections that were held on October 10." More than 70 percent of them lost their seats, which means that the ministerial committee tasked with pursuing corruption files by the caretaker government headed by Mustafa Al-Kazemi, will be able to investigate any of them. "
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Kaperoni Member snicker "So I lost 25 k? Who cares? It wasn’t my money anyway. Hehe" The dinar has value. It is not a lottery ticket therefore it is not worthless. Hopefully with the success of their economy they will raise the value but it's going to be overtime. ** Frank26 Article: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" Quote: ...“the ATMs of the bank to which I settled my salary, are devoid of small and medium cash groups (1000 to 10 thousand dinars),..." WHY DIDN'T THE CBI ALSO REMOVE THE 1, THE 10, THE 20, AND THE 100, 250 AND 500... BECAUSE THEY WILL COEXIST WITH THE NSCN's. ** Don961 Article: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" Good Morning DV ... Have a blessed Sunday..! RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON Kaperoni So what are we waiting for? That is a question that everyone asks. The truth is... Iraq was devastated in the war and their infrastructure was completely demolished. This is a complete rebuild from the ground up...They also need to implement and encourage latest technology throughout the government, banking system, and educational system to educate the citizens. Not an easy task. And then you need to bring multiple global businesses, organizations into Iraq to facilitate. [Post 1 of 2].. Kaperoni It is a huge undertaking. And like I said numerous times, until Iraq's economy prospers the Iraqi dinar will not go up in value. So we need the newly-elected parliamentary members to be sworn in and begin to pass the necessary laws to encourage foreign investment. We need stability in Iraq to continue. We need the new prime minister to continue to implement reforms... Sometimes I get nasty messages from people telling me that I'm ruining their dreams. Wouldn't you rather know the truth...? [Post 2 of 2].. Pimpy I'm not saying that an RI or an RV won't be announced. I'm saying that it makes more sense to me they're going to let it go up in increments. In fact it says something similar in here. Article quote: "...it is possible for the state to gradually improve the Iraqi dinar exchange rate because the shock method adopted and change in the exchange rate was not appropriate..." More talk about the rate change. That's good...there you have it the talk about the rate change happening once again... Vital Brad Article: "Iraqi banks get a rating from international agencies" Article quote: "19 licensed banks in Iraq have obtained a rating from the accredited International rating of agencies - Capital Intelligence, Fitch, Moody's Standard and Poor..." Wow! Article quote: "reflects the development and the performance of the banking sector in Iraq and the solvency of banks and is evidence of their compliance with local and international standards..." That changes everything. Holy ****. It's saying Iraq is international standards. I think it's only a matter of time...I think it's closer than ever... Frank26 Article: "Expo 2020 Dubai is an opportunity to boost investment in Iraq" Quote: "Assurances of the role of Expo 2020 Dubai in enhancing the reality of investment in Iraq, through the portal of openness to the world, where the wide participation of major international companies that represent a sober effort around the world." NOT AT A PROGRAM RATE... Breitling Question: "Is it a fact that Iraq has lower notes in their banks?" No...unless the CBI talks about it or one of the banks in Iraq talking about it why would you even contemplate it?
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Newshound Pimpy Article: "The Arab Monetary Fund, in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, Organizes a course on 'exchange rate policy' " ...people went to learn on different subjects. One of them had to do with the exchange rate policies...people thought this meant that the rate change was going to happen. Every time an article talks about a rate change that does not mean that they are telling you a rate change is coming...the courses are meant to help get everybody on the same page and to do what they can to strengthen their economy but especially their local currency... *** Newshound Mnt Goat ...there is no new signs or evidence whatsoever that they are going to RV any time prior to the beginning of 2022. ...However, this was a busy period for news from Iraq and lots of good news. This does not mean it is going to RV tomorrow or even in the next coming weeks. The NEAREST window I can see is January 2022 and the signs are all pointing to this period. WOW..! ARE YOU READY..? *** Frank26 Article: "The Arab Monetary Fund, in cooperation with The International Monetary Fund's Center for Economics and Finance in the Middle East, organizes a course on "Exchange Rate Policy" Like we told you...the CBI will have commercials and...that has now started also we told you the commercials will educate you [Iraq Boots-on-the-ground Firefly] on why you have a new exchange rate and a new small category note to match that NEW exchange rate and as you can see that has started. -
** Newshound Desert Advisor There were the elections. The guy who was elected he talked about raising the dinar gradually and bonds have now been issued for the government. Looks like they're continuing to do what they need to...based on the price of the Iraqi dinar today and let's say it takes 5 years to float back up to a dollar, three dollars what it used to be, What kind of rate of return would that be? What kind of opportunity is that? ** Newshound Edu Matrix Article: "Partial results show pro-Iran groups losing Iraq election" This is great news. We now know that the elections had a low turnout rate however the people who did vote voted down the pro-Iran groups. Meaning people are awake in Iraq. They know what time it is...we are hoping for a parliament that will supports Iraq's inclusion in the global financial world without going against Iraq's constitution... ** Newshound Pimpy Banking meetings - there's a ton of them going on and it's not just in Iraq. It seems to be worldwide...bank reforms. There is a lot of that going on. Here's my theory on this... Article: "The Ministry of Finance announced the restructuring of Al-Rafidain Bank" We already seen an article similar to this...but this on seems to be a little more in detail...they were going to do an ad campaign on behalf of the dinar to encourage people to start using the dinar and get rid of the U.S. dollars...this new restructuring in banking is meant to try to get people to have more confidence in the dinar... ** Newshound Clare Question: [Has anyone heard anything new about the lower denomination notes?] WHEN THE CBI IS READY TO RELEASE THEM ... THEY WILL RELEASE THEM INTERNALLY...THE CBI HAS NOT SAID THE NEW GOI HAS TO BE ANNOUNCED NOR HAVE THEY SAID LAWS HAVE TO BE PASSED FOR THAT TO HAPPEN...THERE IS NO ARTICLE STATING THAT ... AS A MATTER OF FACT MANY ARTICLES STATE THE CBI IS INDEPENDENT AND THE EXCHANGE RATE IS IN THE CBI'S HANDS...AND WE DO KNOW THE NSCN'S NEED A NEW RATE AT THE ONSET...IMO. ** Newshound Mnt Goat Article: "IRAQI OIL IS HEADING TO APPROVE A “GIANT” EXPLORATION PROJECT IN THE WESTERN DESERT" ...Iraq is floating in oil and is very rich. There is so much wealth yet to be untapped...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Desert Advisor They started offering more bonds. Article: "The Ministry of Finance announces the issuance of construction bonds in the financial market" Bonds are a great way to increase the reserves and get money out of circulation. You have investors, big banks, they invest millions of dollars into these bonds...that takes money out of circulation. That's one more way of increasing the value of the dinar. ** Pimpy Article: "The Second Central Bank Strategy (2021-2023) An approach to Monetary and Financial Reform" Bunch of mumbo-jumbo about how they're gonna do what they can to strengthen the economy of Iraq and making sure that their rules and regulations put everything in place so that it can help support the Iraqi dinar and strengthen it at the same time. What I also like about this article is it talks about the different areas in which they're going to help strengthen and help with lending and financing. This is really good to help build the private sectors. That's what we want to see. ** Vital Brad We had talked about October 17th. The Central Bank of Iraq put out an Article: "Instructions for buying and selling foreign currency for the year 2021" ...mentioning their currency being traded at the International window - am I interpreting it as a potential revaluation? Maybe. I don't know what's going to happen that day...if anything happens I'll definitely be letting you know if anything breaking comes. (Post 1 of 2) ** Vital Brad This is what gets me interested...Right now Iraq's currency is not on the International market. It's not a tradable Forex currency. So why is this all the sudden saying that the bank decided to adopt in allowing foreign currency to be traded at what they're calling this currency sale window? That's going to start working as of the date October 17th...I'm really interested to see what happens Sunday. (Post 2 of 2) ** Kaperoni The CBI also published monetary policy expectations 2020 through 2022. Which included many steps including digital transition, banking insurance, development of the banking sector, facilitating financing and putting the dinar on par with the dollar globally. We shall see.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Newshound Mnt Goat Article: "MR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH. WE WILL FIGHT THE CORRUPT BY LAWMR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH.. WE WILL FIGHT THE CORRUPT BY LAW." Okay, so now we have the support of Sadr and Al-Kezemi in the White Paper reforms. How can the news get any better? ** Newshound MilitiaMan Article: "The Cabinet Secretariat approves the mechanisms for lending large projects" If this article is suggesting they have an approved mechanism (as an example that a Dinar is equal to a Dollar), then they did a good job leaking that out. They did that on the back of the Sadr horse with one heck of a start out the gate in respect to changing the value of the exchange rate! If that is the case I can understand a gradual increase from there with a managed or directed float. Regardless this is looking very good and timed with urgency. There are to be procedures in place on the 17th per the CBI for foreign currency exchange... Being 1:1 at that time may very well be necessary so that the Dinar can begin the journey to being in the ranks with global currencies!!... ** Newshound Claire Article: "The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022" Quote: "the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Deepwoodz IMO...someone isn't happy with the [election] results! [Articles posted by Newshound Guru Samson] "Iran stops the process of exporting gas to Iraq, and a decrease in hours of electricity supply" "The Iranian press justifies the loss of Tehran's allies in the elections with 'Iranphobia'" *** Desert Advisor Who won the elections? Al-Sadr. What happened? He comes out and says this, Article Quote: "We will work to raise the Iraqi dinar to be in the ranks of global currency gradually." This guy was just elected and right away he says we want to raise the Iraqi dinar in the ranks of the global currencies - gradually. Is that the 5 year plan they talked about with the reform of the white papers? Does that mean there won't be an RV? But it's slowly going to float all the way? I don't know. The global currencies - their neighbor Kuwait at $3.32 and Jordan at $1.41 and if you may or may not know the Iraqi dinar was worth over $3 in the 90's. So who knows what they're going to go to in those ranks. *** Mnt Goat The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies...First, we need to see the project to delete the zeros...There is a process involved...the beginning of the fiscal year is the most opportune time for the CBI to conduct this process... the first step being to kick off the process with the project to delete the zeros. Then the CBI monitors or watches for inflation (how long we don’t know and even the CBI does not know) and if all went well within Iraq they would then decide or decline to go to FOREX and reinstate the dinar. To ensure the crash of the Iraqi dinar does not happen upon the reinstatement, they are pursuing (have pursued) all avenues to beef up the dinar and support the new coming rate. ...we all should be very happy this is taking place and witnessing it right in front of our noses. *** Pimpy Looks like some exciting news ... The Sadr movement made some great achievements in the elections...they now control the parliament and this man is making a commitment that's catching the buzz around the dinar community...there's big talk about the change in the exchange rate of the dinar. How big? Who knows. We're gonna find out here shortly...there is a lot of chitta chatter happening once again about the dinar...Sadr has 73 [seats in parliament] that's huge...almost twice as many as the group that came in second...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Vital Brad ** Article: "Iraqi electoral voters are being manipulated by the unrealistic promises made by the political candidates in the 2021 elections" These political candidates are promising enhancing the exchange rate of the dinar...the misinformation out there - you've got to really be able to discern what's happening. IMO...there's certain politicians probably in the know...why are they putting this information [Article like this] out? To try to scare politicians or people about talking about this reset/rate change...I think we're closer than ever. I really think it's only a matter of time... ** Pimpy ** Here's what everybody's talking about. Article: "Al-Sadr: We will work to raise the level of the Iraqi dinar" On Monday Sadr himself said they're going to work to improve and raise the level of the Iraqi dinar to be in the ranks of global currencies gradually. Pimpy, didn't you say it might go up in increments? I did. As much as I want an RI or RV it was my thought they should do it in increments just to make sure it doesn't damage the economy. There's plenty of reason to believe that Iraq's currency can stand at a much stronger rate than currently is. Only because of all the positive things...this is big news. This is going to be spreading like wildfire. Sadr saying they're going to raise the level of 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. RON *** MilitiaMan Article: "Iraqi banks acquire 99% of government bonds" From the looks of these Bonds at 250 billion dinars has a striking similarity to the UST requirement for banks to have quality assets. Imagine if this is similar and timed accordingly. If an international calculation is applied to a new exchange rate like that of the AMFs recent valuations of approximately 3xSDR... One would see just how striking that maybe...IMO. There are no coincidences imo. *** Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. (Post 1 of 2)..More to come...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar. But what is not put on there is how much of it was destroyed? There was a flood and the banks had to destroy that money. How much of it was taken by ISIS and destroyed? We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market. This is great news. Think supply and demand. If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00. It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate. (Post 1 of 3...stay tuned) ** Desert Advisor Iraq has basically kicked out France and their military and our military. They've just not discovered but they're really seeking investors now for their phosphate which has been going on for years, meeting with multiple countries and different investment companies whether it's their energy, in different agriculture sectors, phosphate, all kinds of stuff and their economic reform is making way as much as they're talking with the IMF, the World Bank and everything like that with the new budget. It's pretty interesting to see everything going on! ** Mnt Goat Article: "SALEH PUTS THE INTERNATIONAL COMMUNITY IN THE PICTURE REGARDING IRAQ IN HIS SPEECH TODAY" Iraq is now all about “international”. Yes, everything these days is reaching out to the international community for trade and business. We can see the reinstatement of the dinar coming clearer and clearer in the picture each day as we progress closer and closer to the end of the year. ** Frank26 Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it" The new exchange rate is fixed to float under a controlled managed rate increase...this is education for the citizens.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** BobTheTaxMan Keeping your taxes as low as possible saves you money. I've been singing this song for how long now? Taxes is the biggest hole in your financial ship...this is the thing we have to watch for when we do our investing. Taxes are always going to be the biggest hole in your plans...there are ways to reduce those taxes but it demands/requires you to do something now...(Note: At the appropriate time for you, consult your tax professionals to create a tax strategy that's right for your unique circumstances.) ** MilitiaMan Article: "Public Traffic announces tomorrow, Monday, the date for opening all Baghdad streets" They will have 100% access to the streets. I wonder if that means they can access the thousands of new ATMs and be able to use the millions of cards to activate a new Sovereignty? The UN video described Iraq as being safe, stable and sovereign meeting place. Let see what happens by opening up 100% of all streets in Baghdad. ** Frank26 [Possible exchange possibilities/ considerations/strategies] Remember what we told you. Look at the exchange rate. Is it 1 to 1? [Then ask] CBI how long are you going to coexist the new small category notes with the 3 zeros? How long? A year? They'll co-exist forever? 6 months? 3 months? I don't have much time for the International growth do I? I was going to cash out about 10% in the beginning, I think I'll cash out 90%... (NOTE: At the appropriate time, take everything you learn hear to your professional financial advisor to create a plan specific to your unique circumstances.) ** Pimpy You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar. But what is not put on there is how much of it was destroyed? There was a flood and the banks had to destroy that money. How much of it was taken by ISIS and destroyed? We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market. This is great news. Think supply and demand. If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00. It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate. (Post 1 of 3)...REPOSTED for Continuity..! ** Pimpy Quote: "The Central Bank's aggressive policies spent $1 billion to $1.5 billion every month in oil revenues to buy physical IQD supply on the open market said by Moldov a senior advisor to the bank." ...you remove 70% of it that brings it way down. Again, this is only what they bought and destroyed...We also know that there is something like 95% of the supply is out of country 5% of it is in country. I can tell you this that the big portion of the existing IQD is in the hands of banks...the average speculator has 250,000 IQD. That's the average..(Post 2 of 3).. ** Pimpy So if they removed 70% of the money supply, plus all them that have been damaged just through natural wear and tear, ones that were taken by ISIS, ones damaged during the flood that means the actual amount of IQD out there is very low. Now that makes it very realistic that the IQD can indeed be revalued around $3.00 if not more. I'm not saying that's the rate. I'm saying that is a more realistic rate given the fact that we know for sure now that the amount of existing IQD has been reduced by at least a minimum of 70%...this is great news..! (Post 3 of 3).
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 Article: "Al-Amiri promises the "Lord of the Land" a promising plan and pledges to end the "occupation of the dinar" Quote: "the plan includes the development of the industrial and banking sectors, accompanied by the practical sovereignty of the national product," pledging to "end the external occupation of the Iraqi dinar by certain and specific countries." THE NATIONAL PRODUCT ... IS THE NATION’S CURRENCY ...THIS POLITICIAN IS SAYING THE CBI IS NOW IN TOTAL CONTROL OF ITS NATION'S CURRENCY ...NO ONE OUTSIDE OF IRAQ NO LONGER HAS CONTROL OF THE CBI AND THE IQD!!! ** BobTheTaxMan Keeping your taxes as low as possible saves you money...Cashing in - my suggestion if you have just a small amount of IQD just cash in enough to meet your goals. You want to reduce those taxes as much as possible. [for example] I'm gonna say $1 just for a number...I think it's gonna be lower than that but for calculation purposes I'm gonna say $1. Lest say it does come at $1 and let's say you've got 2 million IQD. If you run off and cash that in, remember, you bumped over that $400,000 mark, you also got that extra 3% tagged on there and you got the state coming after you as well. You lost...(Post 1 of 2).. ** BobTheTaxMan ...only cash in just enough to take care of the things you want to get done, to get some professional help and if you're going to buy a home, borrow the money. Borrow it. Believe me the interest rates are a heck of a lot lower than the taxes are by a long shot. And then when you do cash in pay the freaking taxes...Pay those taxes immediately. You don't need to have...the IRS show up. And then what happens? All those things that you bought have to be sold in order to satisfy a tax liability. (Post 2 of 2)..(Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances and consult your financial advisor before making major financial decisions.) ** Frank26 There are no 800 numbers, although... wouldn't it be something if the United States Treasury was to put out an 800 number to help you exchange your dinars. If I was the US treasury I would do that, 'Call me Mr. and Mrs dinar holder...I'll tell you what bank to go to.' The U.S. Treasury is going to be so desperate to help Joseph Biden because he's spending money left and right...if you want to exchange in an American bank go for it. In a bank outside of the United States of America, go for it, it's your prerogative. (Note: Consult your tax professional and always pay your taxes.) ** Pimpy Article: "Vietnam dong seen weakening next year on deficit, FDI-HSBC Vietnam" They think the Vietnam dong next year is going to lose some of its value. Wow. How much? Quote: "Vietnam dong's currency is expected to weaken too 23,000 per U.S. dollar from 22,700 currency..." Vietnam they're slowing down just a little bit...they were doing really good. They were really rocking and rolling but they just had gotten hit by the coronavirus and it looks like the corona is doing the damage that it was doing to the rest of the countries... ** Kaperoni From time to time people ask me why they just don't float the currency now? Part of the reason is because this is on Iraq's time table...But most importantly, Iraq needs to create the engine to drive the economy forward first and foremost. Once they do they can float the currency and let market forces dictate the rate. That engine is a process of passing laws, creating a suitable business environment, and encouraging a diverse diverse market economy. Be assured everything Iraq is doing is being watched by professional organizations such as the IMF and World Bank. Good Night Everyone ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "The Central Bank participates in the first conference to activate the role of the business incubator" Here is another example of supporting evidence that going to a market economy is in full steam ahead...The re construction of a country is going to be massive and explosive going forward... I suspect in the coming months Iraq will be on everyone’s radar...Imo... Exciting times are here! Telling us they are evaluating the pricing of oil in Dinar is off the charts and the entrepreneurs in the room above would probably know what’s coming! They would from all the education out lately know the exchange rate is about to be sprung! Imo. *** Pimpy More and more Iraq is putting themselves out there on the international scene. When it comes to the dinar I just find it very hard to believe that they're going to be able to keep it up with this rate once all these agreements start kicking into gear. Maybe [Guru] Kaperoni is right, maybe they'll do a LOP. We'll see but I don't think so... *** Frank26 Article: "Raising the price of the dollar against the dinar increases the suffering of the Iraqis" You think? So why did you do it? To draw in mattress dinars. To ward off speculators. That's why we did it but we're about to raise it. They are now admitting what they were denying. 'We would make an increase' is now what they are saying.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling I still expect the dinar to come out between .50 and .60 cents. I still fully expect from what Iraq is saying that when they lowered the value of their currency to pay back bills...the end of October the beginning of November they are going to have a meeting to see where they're at...that's my rate and that's my window... *** Pimpy Article: "Economy News publishes details of signing the agreement with France's Total". This is a good opportunity. Building more relationships internationally, more jobs. I really like what's going on. I think over the last 6 months for sure Al-Kazemi has really stepped up to the plate...the stronger the economy becomes the stronger the currency becomes. That's a big part of it. *** Mnt Goat Article: "3 DECADES AFTER THE INVASION, IRAQ IS CLOSE TO TURNING THE PAGE ON KUWAIT’S COMPENSATION" Quote: “Deduction of 3% of each barrel exported abroad as compensation for the Kuwait war will end next year.” This wording is weird. 2021 not 2022 is their last year to pay complete these payments, so yes it will end in Jan 2022. Oops that date popped up again…WOW..! We have waited for this to end. This will end these sanctions against the Iraq oil revenues and free up this money.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Desert Advisor Article: "Minister of Finance Ali Abdul-Amir Allawi confirmed that the process of changing the dollar exchange rate contributed to reforming the economic system" Changing the dollar exchange rate? Read that? They're changing the dollar exchange rate? Well what is it? They haven't told us...they reformed their banking system already...within three weeks a new budget...they're changing the exchange rate but they haven't said what it is. *** Frank26 Article: "Proposal to digitally reintroduce small denominations" What's that say? ...6 or 7 articles show you just raised the value of your currency? Why? If you raise the value of your currency it will not work with the 3 zero notes. You'd have to introduce another denomination... Quote: "Central bank to digitally reintroduce small denominations, which would proved sums for the public, after amending the digital banking system." They're telling the citizens the new small category notes {NSCN's] will come after [The RI/rate change]...they will coexist [with 3 zero notes]... Good Morning DV ... we shall see what happens - hopefylly soon. RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON These were from Monday and not posted before...so, here they are..! ** Breitling Question: "Do you believe this withdrawal from Afghanistan will have any impact on the region and how does that affect our anticipated revaluation of the IQD?" What's the ripple effect of what's happening? We don't know yet...as far as Iraq goes it has the opposite effect. People are like 'Oh my God the regions going to go to hell and they're not going to revalue it." You guys, we forced Iraq into the currency that they have. They're also attached to the U.S. dollar. (Post 1 of 2).. ** Beitling So if that region goes kaput and they are no longer on our team we're going to de-dollarize them and they are going to be forced to add value to their currency. That's a big plus for us. But That comes with a major warning. Whatever they come in at you gotta get out. We are not going to let them get rich. If you have trouble believing me go ask Venezuela. Go ask Iran. Go ask these countries we've completely crushed their economies...Do I think that's going to happen? No I really don't...(Post 2 of 2).. ** Pimpy There was a huge summit. I was excited about it. I was hoping to hear some great things about it and of course al my hopes came true...there's a lot of information going on about the summit and it's success...there was a lot of great counties, 9 in total...what they were doing was really wishing Iraq luck and they all support Iraq ready to be on their own...finally have their own sovereignty reinstated. All of them are agreeing to support Iraq...They support the White Paper reforms and they all agreed on different forms of trade and security and education...they whole 9 years. That's what I really was hoping for... ** Frank26 Article: "Al-Kazemi: The Baghdad conference embodies Iraq's vision of establishing the best relations with its surrounding and the world." Didn't I tell you Iraq would become the central hub? Didn't I tell you Iraq was important to the Middle East...didn't I tell you everybody is counting on Iraq to raise the value of its currency. The phoenix rises from its ashes. This is an amazing article. ** Pimpy I know there's people out there once again talking about tier 1, tier 2, d1, d2, military intel confirmed this, this person confirmed that person's intel - ignore them...but, if you keep saying that something is going to stick against the wall and you keep throwing against it, eventually something, sometime within 20 years it's actually going to stick...so fingers crossed. It's looking good. ** Frank26 Article: "The collapse of the Iraq Stock Market" Penny stocks you need to sell millions and million of them in order to make a few thousand dollars. How many investors do you know that want to invest their money in something like that...the excitement IMO many of these brokerage outlets are well aware that the Iraqi dinar exchange rate it about to change and because they know that they're pumping a lot of information about the Iraqi dinar into Forex, into Wall Street...everybody knows that they are no longer worthless. This is a very good article..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "Iraq: The Baghdad Summit will be held next Saturday" There's so many good things happening over in Iraq...the more I pay attention to it the more impressive it absolutely looks. Iraq seems to really be stepping out on an international scene. It looks really good...we know there's that meeting that's coming up. We know they have that big conference in Baghdad. There's a lot of countries coming in to talk...to do business. It's exciting... ** Frank26 Article: "Forex Trading in Iraq" I wonder what caused it? International laws, banking laws, article VIII. Quote: 'Forex trading is now possible from Iraq thanks to International brokers accepting Iraqis.' Why would they accept Iraqis? ...These are portable brokers. They never messed with the Iraqi dinar before. Why are you doing this 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. RON ** Frank26 Article: "The Price of the dollar raises inflation rates to 8 percent...and planning: does not raise fears". Boots on the ground Firefly's bank friend said it [massive education campaign] has started. Our key words from Kazemi tell you it has started then today the ones in charge tell you exactly what we told you they would say...welcome to the massive phenomenal campaign of the education of the MR to the citizens of Iraq. Why now? Because the world of Article 8 knows the truth of the true value of the Iraqi dinar! A powerful "release"...(post 1 of 2).. ** Frank26 Article quote: "In a statement released by Al Masala in which it announced the launch of a national campaign sponsored by the Central Bank of Iraq to raise the awareness to support the national currency and the Iraqi economy. This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizens confidence in it for the contribution of all sectors to maintaining the exchange rate." Darn right! Every bank. Every sector. Every province...behold! What we told you would happen has happened.! ..(Post 2 of 2).. ** Militiaman the news over the last few months, weeks and days has been quite promising. We're coming to a time frame where the writing is on the wall...some of the things we're seeing is just literally telling us that this is about to change. That comes from all the investors/countries all coming to the table...everything looks golden. ** Petra The reinvestment, the reconstruction and rebuilding of Iraq all begin with the reinstatement..! ** Frank26 Article: "Will the local market's anxiety end with the dollar price in the 2022 budget?" What? Did you not see this? Internet, other gurus, btw bless all you other gurus I pray for you...You know what they're talking about right? Those money exchangers at the borders who...steal money from the Iraqi citizens...there is only one way for it to end. Raise the value of your currency. Let me rephrase that to see if I can get my point across better. Will the jerks stop messing with the exchange rate? Will that be put to an end the moment our 2022 budget is at 1 to 1 with the American dollar? A Powerful article. From Midnight Last Night..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 Article: "Parliamentary Planning: The objections and observations of some ministries disrupted the implementing of the 2021 budget articles". Let me ask you something. Have you ever heard them use the word 'now' especially with the announcement completion of the budget that is about 8 months late? Now? Now means "now..!" I want to tell you things but I can't. It doesn't get any simpler than now means now. ** Mnt Goat ...the CBI plans to monitor for inflation for the next couple days or even weeks before they go live on FOREX. We don’t know how long. Nothing is firm. Once they completed the replacement of the lower denominations there is no turning back. They must go to FOREX and the OFAC sanctions from the US Treasury must be lifted. To this date the banks are still telling me they can not touch my dinar until these sanctions are lifted. So this too will be a signal to us that the CBI is moving ahead... ** Walkingstick In Iraq...a dinar is a dinar. Their goal is to be on par with the American dollar. They may un-peg but they want to be on par with it. When the dinar climbs in value either domestically or internationally it's the same value. A dinar is a dinar. But when the exchange rate increases it increases across the board. A dinar is a dinar. The key is that it gives the Iraqi citizens more purchasing power and that is one of the main priorities of the monetary reform...there's only one rate ** Frank26 Article: "The Parliament Committee to monitor the implementation of the government" It's already been calculated and laws already passed. The 2022 budget is almost done and the 2021 budget has already been activated. The thing is though it was amended for you Iraqi citizens...the 2021 budget is ready now. IMO both the 2021 budget and 2022 budget have the same exchange rate...the 2021 budget is ready. The 2022 budget is being prepared...they're all on a completely different dimension than you've ever seen Iraqi citizens.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling Question: "...Many trillions of dinar in circulation...?" They don't have as much dinar out there as people think...First, they are not worried about you and me at all. The idea that people have dinar in their hands is fantastic. That's supply times velocity. That's a good thing not a bad thing...if you think they can't reduce their note supply there's no reason [for you] to be in this investment...if you don't believe they [dinar notes] will go away, you need to click the off button. It's that simple... *** Frank26 Both the IMF and the AMF are saying raise the value of your currency...lift the 3 zeros from your exchange rate...that's old news. It's so old it's Greek Mythology. But only the AMF is asking them to join the GCC. They both have the same idea - one 'unified currency' in the Middle East. No. Absolutely not...Iraq wants to stand alone! ...the Iraqi dinar wants no part of this...there is a date to change the notes and change the exchange rate. That date is still solid as a rock... 'Unified Currency'. You're going to start seeing that and when you do you're going to be well ahead of the curve...this issue is actually forcing that date to maybe come sooner than they expected. *** Pimpy Article: "Congress Passes Iraq War Authorization Revocation Act" This is good news. As they work toward their [Iraq's] sovereignty. First of all we have to get the hell out of there. Congress made it official. It passes the Iraq War Authorization Revocation Act. In other words they revoked their need to be into war there...looks like congress passed it. What's left the senate? ...it's time for them [Iraq] to kick the training wheels off and let these bad boys learn how to ride that bike. I have faith in Iraq - Have faith in their current administration. *** BobTheTaxMan Ordinary income is based on your taxable income and allowable deductions...The IQD is going to fall into this category. Ordinary income is taxed on a percentage...Under the Biden tax change that he wants to bring in the domain anything over $400,000 is going to be subject to 39.5% taxes. It doesn't matter your filing status. He's going to grab you right there...over $400,000 gets ugly so you have to have a strategy in order to keep yourself away from all the nasties. Remember, these are not in play yet but they are on the table. It's being debated and voted on even as we speak. (Note: At the appropriate time consult your tax and financial advisors to form the best plan for your specific circumstances.).. *** Frank26 Turns out we have an issue - the GCC. Gulf Cooperation Council - a political and economic alliance that consists of 6 Middle Eastern countries. Saudi Arabia, Kuwait, United Arab of Emirates, Qatar, Bahrain, Oman...they put their oil together...the GCC has approached Iraq and Kazemi and said they want them to join the GCC...one of the things that came out is the GCC is telling the CBI we want you to be part of a unified GCC currency...we want your currency to be part of a basket...we'll call it 'The Unified GCC Currency'...one currency to represent all of us in the Middle East. What do you think Kazemi? No thank you. *** Pimpy Article: "Congress Passes Iraq War Authorization Revocation Act" This is good news. As they work toward their [Iraq's] sovereignty. First of all we have to get the hell out of there. Congress made it official. It passes the Iraq War Authorization Revocation Act. In other words they revoked their need to be into war there...looks like congress passed it. What's left the senate? ...it's time for them [Iraq] to kick the training wheels off and let these bad boys learn how to ride that bike. I have faith in Iraq - Have faith in their current administration. That's all for today - Good Night, Be Blessed..! RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Breitling Question: "What impact if any do you feel Biden's meeting with the Iraq Prime Minister and the announcement of the end of the U.S. combat mission in Iraq will have on the revaluation of the dinar?" They are going to revalue no matter what. Whether we stay in Iraq or we're out of Iraq... ** Pimpy Article: "Al-Kazemi announce the launch of the economic reform plan within the white papers" This looks like the full-fledged full-on launching of the White Papers...yes! Let's get it rocking and rolling...I still think with the economy going the way it is and oil's going the way it is, if they continue to work on the private sector you're gonna see it move up. Now it might not be an RI or an RV but it's going to start moving up slowly but surely we're going to get back to where it was. I do remember the United Council...what did they say? There's no reason for us not to reinstate Iraq to its rate of $3.22... ** Militiaman Article: "Al-Kazemi announce the launch of the economic reform plan within the white papers" The meeting today was specifically stating was to announce the start of implementing the administrative and executive mechanisms - advanced level of implementation. It isn't the underlying issue. It's the main administrative and executive mechanisms to get things done. In other words, 'You gotta move. Get things going!' And that's what they're doing. ** Frank26 I know you want "now". But I don't know when "now" is. Nobody knows the date. What we do know is they're doing it. What we do know is that they're very blatant. They're very obvious/telling of what they're doing with their currency, with their exchange rate, with their economic reform of the countries pouring in, with their article VIII status. All of this is for the raising of the value of their currency... ** Petra Article: "Al-Kazemi announce the launch of the economic reform plan within the white papers" They're launching. Obviously the key part of that is the rate. Nothing happens without that precious rate. The whole White Papers goes down the toilet if they don't change the rate...That is clearly the direction they're going by clear words that came directly from the Prime Minister himself. Clearly/obviously his visit here helped. His visit to the U. S. was critical. ** Frank26 IMO for Iraq to be a member of the WTO their currency needs to be tradable, not "increasable", but tradable...I want you to really understand Iraq is Article VIII...therefore ergo they're about to take their currency, which is toilet paper value and they're going to throw it out into the international market...the whole international world is pouring into Iraq. They know they're 1 to 1 with the American dollar. They know they're about to unpeg. All of this is in articles. It's not new about this. The WTO goes in there and says, 'Hey, please, please, please, please join us. You're a cash cow..!'
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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. Plenty of stuff today... RON ** Footforward Article: "Biden to host Iraq's prime minister at White House on July 26" Quote: "...The visit will highlight the strategic partnership between the two countries and advance bilateral cooperation under a 2008 agreement that governed the withdrawal of U.S. troops from Iraq..." This makes me laugh... Ya...let's have a meeting about how you pull all your troops out and how we are going to work together going forward lol...If the troops are pulling out, they have no reason to work together because Iran would take over. This is a mirage ** Mnt Goat The delegation from Iraq arrived in the US this week and will begin holding meetings to discuss business beginning on Friday through the weekend and next week...There are only three main reasons why Kazemi is going to Washington, DC. 1. he wants a binding timeline for the withdrawal of foreign combat forces from Iraq. This is only political move on his part as he knows the US forces will not be leaving Iraq for very long time. 2. he wants more US companies to come and invest in Iraq; 3. he wants the currency reinstated and normalized...If the troops don’t remain Iraq will not get the currency reinstated nor will they get US companies to invest in Iraq... ** Frank26 Article: "Confidence in the Iraqi dinar is eroding...and the prospect of removing zeros" No...what?...nobody is saying they're not going to remove the 3 zeros from the exchange rate and confidence...is exploding inside of Iraqi citizens. They know. The citizens are now working with the banks of Iraq...it's etched in titanium... they're telling you that they are deleting it without giving you the date yet for implementation of the deletion of the 3 zeros. ** Breitling Question: "I've heard you state the CBI saying 'our currency will coexist for 2 years...what would stop them from saying that means a 1000 dinar note would have the same value as a 1 dinar note?" Why would it coexist? It doesn't work that way. There's no country on the planet that has ever done that. There's no country on the planet that would ever do that... ** Pimpy For those of you who don't know - RI is a reinstatement which means they give you back the original rate which was $3.22 for every 1 Iraqi dinar. RV is when they re-value the currency which just happened at the end of 2020. They revalued the currency of the dinar. They devalued the currency is what they did. They went in the wrong direction...they changed the value of the currency's exchange...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON Jeff - Article: "Al-Kazemi's Advisor: There are 3 reasons that prevent changing the dollar exchange rate currently" They are telling you right now at this time they're ready to invest in projects and they want to do all of this at the current rate without increasing it. Let's look at what the 3 reason are. 1. The exchange rate is the prerogative of the Central Bank. 2. The currency rate was approved in the budget law... 3. All revenues derived from oil, even if it increases, will be able to cover the budget deficit...the government of Iraq is stressing to you they have all of their financial needs met and they don't need to change the rate at this time...Remember this is all from the GOI...it is not from the Central Bank of Iraq. I promise you they're telling you something completely different than this...you have to study it from the angle of the Central Bank not from the government. Pimpy what gets me all the time is the amount of chatter and talk in the media about the rate change. It's kind of crazy. They're trying to convince us that the rate change isn't going to happen...if it's not going to happen then why are you talking about it so much for? What is really going on? Frank26 Everything is IMO. You can ask any guru on the internet and they will tell you, 'Frank doesn't know what he's talking about.' They are the ones that tell you, 'According to my sources it happened yesterday!' I'll behave! :). The end of February, the beginning of March 2020 I told you IMO they have a date...Mustafa, the Fab 4 and the Governor of the Central bank have agreed. I told you in December they were actually ready to lift the value. We have the article where the IMF said very clearly Iraq is about to add value to their currency by the end of the year 2020...(post 1 of 2).. Frank26 It didn't come about because on December 20th...the Central Bank of Iraq asked the IMF 'could you please just hold on for a little bit...we would like to lower the value of our currency'...the number 1 reason was to fight against Iran. It worked...the other reason was to bring the citizens of Iraq into the banks to open up accounts...now every citizen is starting to understand what is being told to them in the last two and a half three weeks...we have about 11 articles...that tell you, 'we're changing the value of the exchange rate of our currency.'...things have been moving along very well. You see a lot of things that tell you this is happening...(post 2 of 2)..
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Happy Independence Day DinarVets ... God bless America - RON Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Kuwait takes $3.67 dollars to equal 1 Kuwait dinar. Dubai takes $1 dollar to equal 3.67 AE dinar...Iraq takes .0006 dollars to equal 1 Iraqi dinar. See something wrong here? 'One of these does not belong like the others'. Some of you as old as I am knows where that song comes from... [Iraq] has more oil. They are a richer nation. There's no reason for this [low rate] to be here at all...It's a legitimate currency. We all know this...Will it go up in value? Yes. Whether it's an RI or RV just pay attention to what's going on with the economy...shows you eventually the dinar is going to get back up here in value. Will it do it all at once? Who knows. Will it eventually get there? Yes, a lot sooner than people think! ** MilitiaMan The UST and the G-7 have openly stated they have "Achieved Global Reform". Well that statement means a lot to me in that they UST is all about money and finance, etc.. The G7 has been in the mix with Global Reform...the White Papers that are being implemented are a part of the Global Reform that we are witnessing. It includes 200+- Central Banks...Prime Minister Kahdimi has openly stated he has begun implementing Economic Reforms and Monetary Reforms. What we are seeing is his ability to get trust from the world to finish the project to delete the zeros and go into a market economy. The private sector is where Iraq will begin a new, as we will too!! ...they have not deviated from the project. It is fully under way and there are ample writings on it...(post 1 of 2).. ** MilitiaMan The UST, the World Bank, Bank of International Settlements, IMF, AMF, UN, EU, are all in on this. ...They didn't do all this to go international at a program rate of 1460QD/USD.. That is not the plan. The plan as stated and explained is to increase the purchase power for the citizens...we know that Iraq going into a market economy will benefit them and us, just as the market economy will support the exchange rate and will create revenue streams outside of oil. A necessary need for success! ...The country is ready to issue the new currency. Electronic or digital currency cards have and are being issued and may have been completed now.. imo. So, lets see what the cat drags in prior to Forex.. Will it usher in fireworks? We shall see. imo...(post 2 of 2).. ** Frank26 Since the 20th of last month everyday they are coming out and doing what we expressed. It is a flow of information that is teaching them everything about the monetary reform... Saturday 7-3-2021 Opinions ** Mnt Goat Article: "FINANCE MINISTER: THE LOCAL MARKET WILL RECOVER SOON" there is only 2 ways it can recover. 1. go back to the 1160 program rate or 2. RV and RI. ** Petra I know we don't do dates. I'm not going to give you a date but it sure seems to implicate a "soon" scenario based on the data and the details and articles they're sharing with us. I'm very encouraged by that... ** Mnt Goat Article: "MP DANA MUHAMMAD SUGGESTED ON SUNDAY THE APPROVAL OF THE OIL AND GAS LAW DURING THE ELECTORAL PARLIAMENTARY SESSION" Does it strike you weird that the Oil and Gas law comes up every time they talk about deleting the zeros? Is it needed for the RV? I have told everyone over and over again that the Iraqi constitution MUST be completely implemented and followed in order to transition back to a global trading status of their currency- in other words turn it back on. ** Kaperoni Iraq has a line that they use quite often... "ink on paper." Meaning that it's all just talk and no action. Iraq has been postponing many laws for years. It's time for them to pass these laws so they can create a market economy and suitable business environment for investment. ** Frank26 December of last year I announced on the Internet they already collected 70% and that's enough of the 3 zero notes...inside of Iraq and outside of Iraq...the other 30% take about 5% of it and say that's what Iraq citizens are holding. You know 'dinar mattress'. The other 25% IMO that's me and you who hold dinars but it's [also] all the worlds central banks where where the CBI has delivered 'samples' that we talked about last year... **Pimpy Article: "A slight decrease in the exchange rate of the dollar in the Iraqi market" In other words a positive step forward for the Iraqi dinar...It is moving slow but at least it moving in a positive direction. It beats moving in the opposite direction. This is good news. It's still going in the right direction and we love it...
