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  1. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?" Quote: "From time to time, calls for floating the Iraqi dinar float on the surface of the Iraqi financial market...these calls meet every time they return to the forefront, with supporters who see it as saving the Iraqi economy, and opponents who see it as the most dangerous stage that Iraq will pass through because of its...risks to his economy..." [Post 1 of 2] Clare Article Quote "...There is a possibility for the central bank to follow the same mechanisms as the American Federal Bank. Strengthening the dollar in the market is determined by the American Federal Reserve, and it depends on the market mechanisms of supply and demand...This policy may be a successful alternative in Iraq by following a managed float policy" [Post 2 of 2] Militia Man We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table... The delete the zeros is all about what? Creating value. Frank26 Don't you have to have a high exchange rate to be part of the WTO? No. What do you have to have? A sanction free currency. Are there any sanctions on the dinar? No more... 99.9% are gone. Sanction free currency. Sanction free country. Sanction free bank of that country. That's why they're members of the WTO. They already told you that they are and that's the end of that subject... You need to see something that tells you it's official today? They already told you. yada Iraq is done and preparing for the other side of the release. And that is controlled by the UN-IMF. The parliament vote will be for all the new contracts but the rate release is a go...
  2. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Over the last few weeks Iraq is perpetuating that they are now moving forward with diversifying their economy in opening their financial system to the world. We will have to wait and see if they have made the necessary steps for those results. Fnu Lnu I have heard repeatedly, ad nauseam, about bank redemption centers being trained to recognize counterfeit Dinar... There is no such training being done... PERIOD! De La Rue provides computerized equipment that will authenticate and verify banknotes for 140 different countries. No human eye can be trained to see the hidden security substrate and embedded features... One merely needs to be able to feed currency into a machine and it will do the rest... The banks have been using this machinery for years and have been well trained to do so. There is NO training going on. Pimpy You guys got to be careful. When everybody's like, 'Oh, yeah we want the deletion of the zeros'. Oh no you don't. No you don't... You're all cheering it on. I was like no, don't cheer it on. That's not a good thing for us as investors. I know they're out there swearing up and down that it's off the exchange rate but it's not. The zeros come off the currency. Wolverine “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.” Clare Article: "After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and America" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries... They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market... Walkingstick The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in. Phosphates... sulfur... diamonds... gold... silver... oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally.
  3. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram The World Bank is working with the Iraqi Finance Minister to implement banking reform as quickly as possible... things are happening fast. Frank26 Article: "Iraq Discusses Financial and Technical Support with IMF, World Bank" Do you realize who these two powerful entities are? Do you realize what they want? A new exchange rate and nothing else. Pimpy There are a ton of reforms especially in the banking sector. They're getting there but they're not 100% there yet as far as confidence in the currency. Nobody has confidence in it besides those who are invested in it. It's not that they have confidence in Iraqi dinar, they're hoping there's a big difference... There's years and years of history shows you Iraq constantly screws up and ends up back on square one. You can't blame people for being negative. IMO Iraq has taken all the steps necessary to get there but they're not there yet. Give it time... Militia Man If they were going to have a budget based off the exchange rate of 1310 why would you be keeping it close to your chest so long? Why would you be waiting and waiting and waiting and waiting and waiting? You wouldn't. Paulette If Iraq is acceding Friday, can you explain why they have not yet completed the required steps...? The way the WTO has notified the World to date, the only two countries that have completed all of the [steps] is COMOROS and Timor-Leste. At least 11 other countries are further along than Iraq. Granted, Saudi Arabia and the US have recently said they will help Iraq "fast-track", however the requirements must be fulfilled. Sudani appears to be Full Steam ahead. We should all be excited as whether now, days from now, weeks from now or even Months, the next great step in this ride is coming! Frank26 Who tells the CBI they can raise the value of their currency? IMF...The US Treasury has its own problems. It's called the American dollar. The CBI works with the IMF. Go to the IMF website and look up the Iraqi dinar. It's going to tell you the Iraqi dinar is going through a reevaluation and a reinstatement adding value to its currency. I chose to not post Bruce & MarkZ posts, since they were nonsense..! RON
  4. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 My [dinar] broker will be notified by the US Treasury when the rate changes. It is at that time my broker will call me. He'll tell me as of tomorrow morning you're not selling any more dinars. We are all in the same boat. There are a few of us that have fallen overboard because maybe we're too impatient or we just don't belong in this investment... But the majority, we're all onboard and we know what's going on...Sorry Frankie, but dinar brokers and everyone will find out at the same time, assuming we're watching. It will be announced on the CBI, Forex, and the news media worldwide. The UST won't be notifying anyone. Militia Man 1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions. They don't even have that much money printed. They don't even have it on their M1 etc at this point in time. They never have. There's got to be an adjustment... Samson Article: ”Iraq is at the top...the highest growing Arab economy in 2025" Kaperoni It...is preposterous to think that you're going to walk into a bank and exchange Iraqi dinar for US cash. It is a fact that most Emerging Market countries are very volatile, banks by nature are very conservative. Not happening...Market makers, ECNs or established financial institutions would make more sense to manage incremental gains.
  5. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "After a break of more than 9 years...the resumption of a government trade meeting between Iraq and America" Paulette Community Comment: "Iraq on May 9 ascends to FULL membership in the WTO". I hope you are correct regarding the WTO. However, the documentable facts and articles regarding this issue would say otherwise. Don't misunderstand, the documentable facts and articles are EXTREMELY positive. Iraq, under Sudani appears to be serious about becoming WTO members, opening the country to International trade, moving from a Rentier Economy to a Market Economy and finally implementing the Delete the Zeros Project. Everyone should be excited even if it takes months more to accomplish. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They said our success is from the visit to the United States of America because it lifted almost all sanctions on our banks and others are close to being lifted too. FRANK: They also delivered the new exchange rate. BS Frankie, the US has NOTHING to do with setting any new rate for the IQD. It is the sole responsibility of the CBI, although they would coordinate with the GOI in such an important and monumental decision.
  6. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Dallasdude [Reference Paulette from 5-6-2024 below] I totally agree with Paulette on this WTO ascension ..as stated 1st round of task complete, second round of task is still a work in progress, fully expect the ninth to come and go with Iraq still on the outside looking in, good thing is they are determined to be a member and led by Sudani will get there eventually. MarkZ Question: A CPA told me if the currency is purchased to make money, it may be taxable. What do you think or know about that? Mark: ...we have 2 different articles from the state department/government sites on taxes. “There are no taxes or subsidies on the purchase or sales on foreign exchange” and they mention Iraq and Vietnam. One is from 2022 and the other one is earlier. Sounds like to me there are no taxes or subsidies on the purchase or sales on foreign exchange!!! This is of course if no laws change. [Note: Consult your tax professional at the appropriate time to determine the correct tax for your unique situation. In the end the only opinion on taxes that matters is the IRS's.] It's too bad Mark didn't give the references - it would be great to know. However, I don't ever recall ever seeing anything that states that - just the opposite. Nevertheless, we're going to be at the mercy of the IRS when it comes to cashing in our IQD, UNLESS you have them in a Roth IRA. RON Samson Article: "Al-Sudani: Iraq is moving today to the stage of revitalizing the economy and consolidating sovereignty" Frank26 Who's forcing this monetary reform to come out/this new exchange rate? The citizens of Iraq? Sudani the prime minister? The US Treasury? They sure want a windfall don't they for the Federal reserves. The CBI? You and I..? The answer is all of the above is forcing it. That's what's wonderful about it. We are all on the same page. We are all in cahoots. We all agree. Yada ...the news is outstanding regarding the progress of the Council of ministers having approved the budget schedules. What is important...the rates were set with the US visit, council of ministers approved or amended the rates...all before Parliament sees it, WE are about to see the rates that the Parliament will see at the same time. All by design to keep them from interfering... Im expecting this evening into the morning to seeing our expected end. The world waits the release and I believe it is upon us. Kaperoni It is critical to understand that if the Central Bank of Iraq plans to end the auctions by the end of the year there must be a new mechanism in place or there would be no method to maintain stability of the dinar. So for the central bank to announce that they plan to end the auctions they are in essence announcing, that they plan to float the dinar. Floating the dinar provides the new tools for the central bank to maintain stability. Therefore, this announcement to end the auctions confirms (despite what some may say), Iraq will float their currency. Paulette Community Comment: "On May 9th it has been announced that Iraq will become a FULL member of the WTO." I have not seen where Iraq has participated in the Third Round of negotiations...It took Iraq since 2004 to complete everything assigned in the First Round of negotiations. It was only earlier this year that they completed those requirements. They were given tasks in the Second Rd of Negotiations which they are in process of completing. They may be given tasks in the Third Rd of Negotiations also. The Third Rd is scheduled for "mid-year". I believe the only countries that have completed everything for the May 9th Ascension Ceremony are Comoros and East Timor....[Reposted]
  7. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Question: "So would the CBI set the initial float rate?" When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that time. Supply and demand then takes over from there. MarkZ I did have multiple bankers over the weekend get notified and are beginning training today. They are “Training to handle foreign currency exchanges”. Boy oh boy, how many times do they need to train them Mark..? (LOL) Some of the currencies mentioned are exactly what we are holding... And they are being trained on them... They need to know the security features on the various bills in order to verify them on site. That is what they are training on... NOW - THIS WEEK-IMMEDIATELY!!! These are banking people who have never been trained before… these are some of the ones the banks had told them “No, this is never going to happen” and now suddenly the banks come to them and say “You have got to get trained now - this week - immediately”...Gave me a good warm and fuzzy feeling today. What a bunch of .... Mark just can't stop shoveling it..! Pimpy If the dinar were to go free floating, that means the rate it will adopt is going to be the one that we see on the parallel market...It all depends on at what value they set to start the free float (usually the official rate), if that's what they decide to do. Paulette Community Comment: "On May 9th it has been announced that Iraq will become a FULL member of the WTO." Where & when was that announced - I haven't seen it anywhere? I have not seen where Iraq has participated in the Third Round of negotiations... It took Iraq since 2004 to complete everything assigned in the First Round of negotiations. It was only earlier this year that they completed those requirements. They were given tasks in the Second Rd of Negotiations which they are in process of completing. They may be given tasks in the Third Rd of Negotiations also. The Third Round is scheduled for "mid-year". I believe the only countries that have completed everything for the May 9th Ascension Ceremony are Comoros and East Timor.... Frank26 What the budget needs is for parliament to view the amendments that Sudani made, and I pray one of those amendment is a new line item with a new exchange rate. But the rate MUST come from the CBI..! Walkingstick The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq. Kaperoni Article: "Al-Rayes: The path of development is the first gateway to sustainable economic advancement" If and when the Iraqi dinar begins to float, supply and demand based on Iraq's economic success will take over. Only with the success and growth of Iraq's own economy can the dinar go up in value. How fast and the pace are determined by those factors.
  8. Mnt Goat Article: IRAQ TALKS ABOUT PRODUCING ONE MILLION LITERS OF GASOLINE DAILY Quote: “increase refining capacity production rates and improve production in national refineries to reach self-sufficiency and gradually shift to exporting them to global markets..." Well…well… its about time that Iraq got these refineries up and running. Lots of articles about this effort over the last ten years. Did I hear of another export product here? From Sunday Midnight Frank26 There was a meeting two weeks before that massive entourage meeting that went to DC... They told you we're going to DC to deliver the monetary reform. There was the new exchange rate. They agreed upon it... and went back home and told contractors we're going to rewrite your contracts with that new exchange rate... When they were all done with that... they flew to Washington DC, they delivered the message... and spent over two weeks with powerhouses that are going to help build their economy. Militia Man Non-oil revenues...Iraq has the largest sulfur deposit in the world. They can tap into that. It's going to be part of their non-oil revenues. The amount of natural resources Iraq has is off the charts. Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.
  9. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 When the float starts all heck is going to break loose because the value of your currency will literally climb on a daily basis until the CBI feels they have reached the real effective exchange rate...We believe they will start at $1.30 to $1.50 IMO and the cap it somewhere between $3.86 and $4.25. MarkZ Article: “Kuwaiti Dinar to US Dollar-Top 10 highest valued currencies in the world in 2024” This article was in the Indian Express. And the Iraqi dinar used to have that number one spot. Comment: I would expect Iraq to be worth more that Kuwait. Mark: Absolutely. And when Iraq was the most valuable currency in the world they had not yet developed their natural gas reserves …and were not pumping nearly as much oil as they are now. Every part of Iraq is now in better shape than when they had the most valuable currency in the world. Walkingstick [Former Iraqi Bank associate and Iraqi bank owner #1 update] He just left Bagdad...he went to Hong Kong. What for? He's got banks he's representing the CBI with, out there. These satellite banks are everywhere. They want their 3-zeros back. They don't want them to go into anybody's federal reserves.
  10. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Guru Clare Article Quote: "Saleh said...Calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments and not in an economy in which the rentier government sector is dominant and generates currency reserves.” Militia Man Article: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate." We've seen a few articles over the last week openly talking about the types of regiments that are exchange rate oriented, whether it's a fixed float or pegged etc. Saleh has spoken about it, he says it [floating] is dangerous ...the environment would not be good so it wouldn't be the best choice... Circumstances for the country of Iraq which is still primarily a rentier, which means oil based, it's best to have a fixed exchange rate...
  11. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question "Will the CBI website be down for hours when they change the rate?" No when they change the rate it'll be a push of a button electronically. Instantly the world will know about it. And it will be global news. Pimpy You know what is scary? This is the honest to God truth, I could be literally ****-faced drunk, can't even have the ability to pronounce my name fully and still beat anyone in the dinar community in a debate. Militia Man Think about the money to build a country let alone just the development road itself, all the industrial cities, commercial buildings, residential complexes, infrastructure, it's massive. It's so far too expensive, it just won't happen at 1310. They have to have a real effective exchange rate... Samson Article: "The Investment Parliament announces the imminent completion of the Industrial Investment Law" Frank26 [Iraq boots-on-the-ground report] FIREFLY: The completion of the Investment Law is on television. FRANK: That's big! That's Big! ...This is really good news. Wolverine “I just received great news from Brazil. It’s going to be the greatest transfer of wealth in the history of mankind. We will soon be crossing the finish line. Get ready. A lot of things are happening. There are a lot of people under NDAs. My sources, which include the Central Bank of Brazil, say it’s looking good. I have absolute faith we will have good news after Fri. 3 May. Everything is ready to go. Everyone is happy. I’m very confident that this is our week.”
  12. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "Specialist: Floating the dinar is economic suicide" Economists are saying to the Iraqi citizens that a flotation is detrimental whereas the CBI Saleh, the advisor, the Financial Ministers, all these people are saying the complete opposite, 'we're about to float...why do you think we have all this stuff set up? Why are we following international laws? Why do you think we're article VIII? Why do you think we're going to be WTO is 7 more days?' Floating the dinar is suicidal? No it's suicidal for you. MarkZ Article: “National bank of Iraq uses Temenos for core banking and payments” They have put into effect a well used banking AP from around the world. And they have gone digital at a record pace in their banking system. We were told this was necessary so they could pull the trigger - BAM. They want us to know they have updated their banking system. This is important to the process and here we see that it is done!
  13. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Specialist: Floating the dinar is economic suicide" Quote: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate...adding that floating the exchange rate in the presence of a parallel market and large speculators, and the presence of people who own billions of dinars and others who own billions of dollars, will lead to a sharp decline in the value of the currency, high levels of inflation, and rising prices" Paulette Article: "Specialist: Floating the dinar is economic suicide" As Saleh was stating but only stronger wording. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The economists here are saying with so much on the line from the budget funding all types of investment in our economy they're saying the exchange rate will be fixed. It's not going to float because there's too many bad things that can happen with a float...Now we have another guy coming on the news saying floating the dinar is suicidal. FRANK: Hey, you don't want us to do that because that's what Sudani wants...because that's what the CBI agreed with the US Treasury. MarkZ ...they have started paying their retirees and disabled, welfare etc… they finally have money moving where it is supposed to on all those fronts. And all the progress they have made getting CBI salaries to people. They are completing everything they need for world trade and ascension, and all the settlements they have made to get out of chapter 8 after the invasion of Kuwait. Phenomenal progress has been made... Progress over the last 16 months has been stunning.
  14. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Community comment "May 9th WTO" The reference to that date is on the WTO calendar as a non WTO working day. Samson Article: "The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bill"
  15. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "Do you have to change rates before May 9th ascension in the WTO?" No, you can have a membership in the WTO with a low exchange rate. That doesn't interfere with it. Clare Article: "Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one” Quote: "Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one..." MarkZ Question: Could Iraq lop the zeros off and then what we hold is worth nothing? Mark: Sudani has said no. The man, Dr. Shabibi, who designed the RV said no…. Anyone in pretty much every level of authority in Iraq has said no. Pimpy Some of the bigger points we see inside the Iraqi dinar community such as, 'Let them reinstate the exchange rate to $3.22 the old rate.' That's not the old rate. That's been a myth for a long time... The $3.22 rate was there but that was not the one they left when it became a devalued currency. It was something like $1.52. The other one [myth] is the hydrocarbon law (HCL), that once it passes then the Iraq citizens are going to get payments. They're not going to get payments. Read the law, nowhere does it say they're going to get payments. Militia Man Everything is falling in line for Iraq to go international. You haven't see the salaries paid yet... you haven't seen the oil start pumping yet into Turkey... Why? Because they haven't shown us or exposed an international real effective exchange rate. That's my view on it. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency. He says Iraq now has a soft peg and...the float is not necessarily as a fixed rate... FRANK: The monetary reform education is explaining the reason why you don't need a basket...They are also expressing you don't need a float. That's because your reserves are so powerful...But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level. They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar.
  16. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Community comment "Parliament doesn't have to vote on a budget..." They do whenever you make amendments or changes... If you're going to change something in there you have to vote on the amendments... Community Question "So you're saying if they're gonna change the exchange rate on a budget they have to vote on it?" That's correct. Yes. Clare Article:"On a tour that included Karbala, Babylon, and Ur... Two American tourists: We felt completely safe in Iraq" Quote: "Hudson and Emily Crider, travel the world on a mission to explore each country and document its cultural experiences...In a series of more than 20 videos, the Criders detail what it's like to be an American tourist in Iraq, offer travel tips and debunk misconceptions about the country...They said: As Christians, we found (Karbala) a wonderful city to see and the people were very welcoming. It is really special that they allow people of all religions to come here and learn more about their beliefs.” MarkZ I have had a number of contractors in the last day or two tell me that they were told to prepare for between $3.60 - $3.90 [for the dinar]… Nader From The Mid East The budget have to be approved by the parliament...Sudani cannot make a decision by himself...The budget doesn't have to be approved by parliament...it's not true. They have pass by the parliament and parliament have to vote for it. Any changes on that budget the parliament have to agree into it and have to vote for it and have to sign it and send it to Sudani and then the president of Iraq...It is active yes but not completely active. Any changes have to be approved by the parliament of Iraq. Frank26 The budget does not need parliament...The budget waits for the exchange rate. The exchange rate is not waiting for it or anything else...The budget is born without them... Militia Man When you talk about drop the three zeros...Al-Sudani's goal is to bring purchasing power to the his citizens. When he said $0.76 that's purchasing power. It's not a lop. It's purchasing power. If you have a lop you don't have purchasing power, you just have a change in denomination...They're going to bring purchasing power to the citizens. All of that is happening before our eyes. Pimpy Question: "If thy delete the zeros will our dinars drop in value?" If you're in Iraq you don't lose any value... People who are invested in the Iraq dinar...EXAMPLE: Let's pretend like the new exchange rate has changed and you can get $1 US for every 1 dinar... If you had the 25,000 dinar, the 1 to 1 would be perfect without them deleting the zeros. That's because you would get $25,000 for your 25,000 dinar. But if they delete the zeros...your 25,000 dinar is now reduced down to a 25 dinar. Even if they go 1 for 1 that means you're 25 dinar is only worth $25. So yes, your dinar would drop in value if they delete the zeros before the change in the exchange rate happens. Walkingstick and Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq the CBI governor is on the television and he's talking about the banks and the financial inclusion. They are saying to us that there are changes coming...Iraq has just given us Identity Program. This will be launched next Thursday on the 6th...They called them Unified National Cards. WALKINGSTICK: Those are nothing more but identification cards because you're going to be needed them when you go into the bank to get your new currency. Mnt Goat ...What will May bring us investors? I have to tell you that April’s news was amazing and I don’t know how the news can top last month except maybe give us what we are looking for. Am I saying its going to RV in May? Of course not...no one knows the date of this event...Does it seem that we are very close? Yes, it seems this is just around the bend and the finish line is in our sights. ...there is a huge glimmer of hope we could see the RV very soon. MarkZ Question: Anything new about the rate of the dong [Vietnam]...? Mark: I am hearing the dong rate could be in the $3+ range now. I hope this is accurate. When I first got in this I was hoping for .31 -.36 cents. Then I was consistently told it could be in the low $2 range…which would be spot on for a reinstatement. Now I am hearing it could be as high as $3.60 or so… That is what is showing on bank screens. I do not know if it’s a place holder rate…but it is showing up a lot.
  17. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "Will the agreements signed with the US Treasury reflect positively on the exchange rates?" Yeah because they want at least 1 to 1 but they never changed it. They kept it at 1320. I think they're going to come out at maybe 1 to 1.30 or 1 to 1.50 and then float...The only reason they ask this question is because they know the answer to the question! Deepwoodz We used to get articles all the time about the need to pay salaries. I haven’t seen these much lately, if at all. Something else missing has been the START of new contracts and their costs...With the added 400 billion in new agreements Sudani spoke of. That’s billion dollars too by the way. Convert that to dinar if you like and see if you think Iraq has ever had that many dinar printed. Then we have the HCL rights which are defined in the constitution as well, but still nothing on paper. Obviously Sudani’s government is keeping a secret. I wonder what that could be? Wouldn’t these three items be dependent on a NEW value to their currency? I have no doubt. MarkZ Question: Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate? Mark: I hate to give dates…but there is a good chance it could go before then. Question: What does your gut say? Mark: My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days. Breitling The threat of a lop is still the same as when I got into this investment...The lop question is based on hyper-inflation ...verses policy inflation. The Iraqi dinar is stable. It goes up, it goes down but it's not major like what Zimbabwe and these countries where it was massive inflation. No body could control it. Iraq has complete control of the Iraqi dinar ...The Iraqi dinar is a completely different ballgame. It's not hyper-inflated because of the markets. Iraq doesn't have a customer problem...production problem. Iraq has a policy issue. The people at the top know what they are doing. Pimpy [Response to Breitling post above.] To strictly say the sole reason they added the three zeros to the Iraqi dinar is policy based inflation is not accurate. Yes, it was the central bank of Iraq that devalued the currency...[and] added the 3 zeros...The first gulf war you can see what the inflation rates were. 1991 - 180%. That's really high. '92 - 83%. '93 - 207%. 1994 - 448%. 1995 - 387%. When you average all these thing up, by the time we got into re-denomanating the currency and the new Iraqi dinars were created getting away from the Saddam notes and Swiss dinar to the currency we have today all these things contributed to it. Hyperinflation, mismanagement, all those things played a key part. So there is no one thing that happened. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Drone strike at Iraqi gas field kills four. The crooked are trying now to make it seem unsafe to invest. Trying to stop this revaluation. FRANK: Ugly people do desperate things but stay strong. You know it's coming. Jeff Article: "Parliament expects the arrival of the 2024 budget schedules" Quote "...There are efforts to guarantee the right of many segments in the items and schedules of the 2024 budget but they cannot be judged without waiting for the numbers they contain." The rate has to change before parliament can approve the amendments to this budget. This is why I showed you the final countdown a few days ago because I knew this was coming forward and here it is for you... PompeyPeter Sudani has said on several occasions talked about commencement of the reconstruction of Iraq in the month of April. Salih the economic advisor talked about them spending 50% of GDP in April. Well he said within two weeks which would take us to the end of April...In order for those things to happen it means the investment side of the budget has got to be opened. They're not going to be doing all these things at 1310. We know the contracts cannot be written in dollars anymore. They're in IQD. Again these things are not going to be done at 1310. MarkZ Question: Did Kuwait revalue over night? Mark: I believe they revalued mid morning. Around 10:30 or 11:00... I am confident it was daytime because the very same day it revalued…they ran articles in the papers that they were not ready to RV for months…maybe years. Then “BAM” they released it. That’s why I warn you guys about all the smoke and mirrors…Don’t jump off a cliff when you see stories like that. Just wait. Frank26 [Iraq boots-on-the-ground report] FIREFLY: No word yet on the budget thus we thinking it will never get there first without the CBI popping the rate first then goes to parliament. FRANK: Yes, 100%...You cannot launch a rocket without fuel. You cannot launch this budget without the exchange rate... Yada As far as Im concerned, they've done all they needed to do and like a funnel, need the rate release to get to the other side...Im of the mind the IMF has given the rate to the central banks and just a matter of coordination of releasing the rate world wide. That is what we are looking at now...I think we are in "Set" position before they fire the gun to go. Militia Man Quote on X [Formally Twitter] There's some information out there today that says the Central Bank of Iraq's governor has advised citizens to get ready for a currency exchange...Whether it's true or not we're going to find out...The reason why I bring it up is because that kind of to be expected, they're having financial inclusion...they're talking about that. Sorry I've been offline. I was helping my daughter get settled in her new home.
  18. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Question: "What are the proper notes to hold for investment purposes?" Any of the currency is okay to hold at the moment so there's no specific denomination. If they do delete the zeros or they re-denominate they're going to have whole new currencies. That's why there's no rush to try to find lower denominations because they're going to replace all of them including the lower ones. But there is a possibility that they don't re-denominate and we get lucky and they change the exchange rate and keep the zeros on the currency. Militia Man Article: "Iraq, US to form joint team to address sanctions on Iraqi banks" Central Bank Governor Al-Alaq has worked for concessions for and on the behalf of Iraqi Banks to the UST with regard to current sanctions imposed on them.
  19. 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 LOP...people that are smart, economist, get this wrong. The underlying definition is hyperinflation. How do people fight it? By removing the zeros. Nothing wrong with that. It's smart. But it's hyperinflation. People will point out incorrectly, look at Iraq... The best analysis I've read is that it [the dinar] was worth at it's height 2.25 to the U.S. dollar... Iraq has never had a customer problem. That's where you find the hidden value in this investment. It's not hyperinflation... [Post 1 of 2....stay tuned] Breitling There is inflation but it's 100% policy based inflation. You had this currency that was worth a lot of money... What was their number one export? Energy. Then war came along. You had war inflation. But did Iraq's customer base change? No. Did their oil producing output change? No, it went up. That's where you're going to find the value. That's where the value is coming from. That's it. [Post 2 of 2] Nader From The Mid East Sudani just got back home. Let's see what decision he's going to make. Let's see what he's going to say about his visit to United States. Let's see if they give him full control of the government and the banks and all that stuff... I'm waiting for him on Monday come out and say, 'Okay, we have control of everything, the coalition is going to go out soon. It's leaving soon. We control our banks. We have no more punishments.' From then we see. Deepwoodz Article: "Al-Sudani: Iraq is witnessing a new reality today in the private sector" MOU’s and Sovereign Guarantees…impossible without sovereign currency that has purchasing power. We’ve learned Iraq's contracts have recently been adjusted so that payment is made in dinar... If so, contracts in the billions... paid in dinar, would require assurances that the exchange rate would not move in a negative direction... It may even go so far as to give an exchange rate. If the rate were to move negatively, the foreign contractors would lose out because the value of the agreed upon amount in reflection to their home currency would also be less. That’s a no go... Sounds freakin fantastic.
  20. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says that from the CBI the United States of America reconstruction on Iraqi banks will be lifted soon. FRANK: That is a powerful statement...They're already lifted. It just has to be made official... Clare Article: "Al-Alaq reveals the Central Bank’s reserve... in dollars and gold" Quote: “The Central Bank has a foreign reserve of more than 100 billion dollars...We have gold reserves of more than 130 tons, most of which are located in England."
  21. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The next meeting with the United States of America will be held in Baghdad the television is telling us. They're coming to us now... Clare Article: "CEO of JPMorgan Chase expresses Support for Iraq” Quote: "Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC." Samson Article: "Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of the sanctioned banks"
  22. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Al Sudani...first off he shows up to Washington DC, big motorcade, heads over to the Pentagon the following day, big motorcade, comes to Michigan, what did he have? Big motorcade. He has the attention... The achievements the statesman Al Sudani has shown everybody is flat-out phenomenal... See Article: (A Summary) Al-Sudani returns to Baghdad after concluding his official visit to America - 4/20/2024 Frank26 [Iraq boots-on-the-ground report] FIREFLY: I love this. [Hearing the report of Al-Sudani's Q and A about raising the level of the value of the Iraqi dinar...see 4-20-2024 multiple guru posts below] Did he really say this? We are so excited here. FRANK: You have your leader telling the world in Washington DC that they are about to add value to your currency for purchasing power? ...This is exactly what the monetary reform has been teaching you... Now your prime minister said it. As far as I'm concerned it's over and it's done. Just have to wait now. Mnt Goat Remember...the Oil and Gas law looms in the background and will surface again soon. Also after this visit to Washington I fully expect the announcement of Iraq’s full accession to the WTO to pop out shortly. Oh…it’s all so good!
  23. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television saying that Alaq the CBI governor is going to stay in Washington DC for a few extra days. They saying to us that he's following up on what Sudani was doing... FRANK: Now that Sudani is back he's going to start the process of explaining to you Iraqi citizens everything on how you are going to be receiving your lower notes, how you're going to use the ATM machines... accounts, maybe even the education on the coins that will be coming out eventually. You should be excited because I am! Militia Man Article: "Member of Sudanese delegation: We will witness a rapid decline of the dollar in the coming days" When they say the rapid decline of the dollar I don't believe for a moment they're saying the dollar is going to crash. What I believe they're saying is their expectation is the dinar is going to rise. Misdirection, IMHO..! RON Clare Article: "Vietnam central bank says it’s ready to intervene in forex market; Dong now at record low against dollar" Quote: "Intervention is possible even today, if needed, State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday. The dong dropped to a record-low 25,463 per dollar on the day." Pimpy Article: "Parliament's finance advises raising exchange rates again. Money about oil revenues?" They are talking about changing the exchange rate to 1500 for every dollar. That's the wrong direction. We don't want that to happen... I know the news is frustrating but that's what they were talking about... It's the same thing they talked about in December. So don't be surprised. Let's hope it goes in the other direction. I believe this statement was meant to be clear MISDIRECTION. we've been told they would use misdirection before any significant value increase.RON Frank26 Like we told you IOO he [Al-Sudani] gave orders to have the screens put up. I don't know how long it's going to take for him to make this announcement to the Iraqi citizens but I just don't see it happening much longer...
  24. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Iraq ranks fourth as the best emerging market for investment in 2024” Militia Man Article "Al-Sudani receives Washington the Chairman of JP Morgan" Those that say JP Morgan don't know anything about it should read up. Pimpy Question:"So you're telling me we should sell our dinar because it's about to lose us a lot of money?" I'm saying we don't know what's going to happen. There's a possibility we can wake up tomorrow and it's 1 to 1 and they haven't deleted the zeros a lot of people are millionaires. There's a possibility we wake up tomorrow and they delete the zeros and we have to exchange it for the new currency and then they change it 1 to 1 and you're not a millionaire. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some lady is on the television news saying once the delegation returns from the Untied States of American the budget amendment law will be sent to parliament. She's saying one of the issues is about salaries and this will end all issues on salaries for the first time ever once and for all... FRANK: She's correct. When Sudani comes back he will deal with the budget and you will have your new exchange rate because that's the only way that the salaries are going to be paid. They're telling you they're going to be paid for the first time ever. They have never been paid because of a lack of good exchange rate... Clare Article: "Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund" Quote: "Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions." MarkZ ...Sudani just landed a few hours ago back in Iraq after a very interesting tour in the US. He took questions during a Q&A and was asked about the revaluation of the dinar. He said specifically that yes that was under the auspices of the CBI but we are very much working on that direction. That is paraphrasing and not exact because of the translation. But that is phenomenal news imo. Militia Man [Q&A portion of Al-Sudani interview] Question: "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?" Al-Sudani's answer: "This policy is dictated by the central bank and the government abide by what the bank decides. I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties...This is going to raise the level or value of the Iraqi dinar. There is policy that is consistent policy that the central bank is using..." [Post 1 of 2] (reposted) Militia Man MILITIA MAN: Deletion of the zeros project, is that what they're talking about? If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate. You don't just LOP three zeros off a currency and say, 'Snip! Go use this'. It doesn't work that way. They have to raise the value... We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them. Basically what is he saying? They're going to raise the level of the value of the Iraqi dinar. That's really powerful... Post 2 of 2]
  25. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man [Q&A portion of Al-Sudani interview] Question: "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?" Al-Sudani's answer: "This policy is dictated by the central bank and the government abide by what the bank decides. I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties... This is going to raise the level or value of the Iraqi dinar. There is policy that is consistent policy that the central bank is using..." [Post 1 of 2] Frank26 [Al-Sudani Q and A in Washington DC 1 hour 28 minute mark] Community Member: The question was asked...Is the government thinking of revaluing the dinar and reinstating the value of the dinar due to the current circumstances in the markets or do you see that it say the same? Sudani replies by saying 'This policy is dedicated by the central bank and the governments abide by what the CBI decides. Right now I believe we are in the best status that we could be in...We started the reforms...this is going to raise the level of the value of the Iraqi dinar.' He told the whole world...
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