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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank” Quote: "A number of Erbil residents were surprised, on Saturday, by the stopping of the ATMs, which were designated for withdrawing US dollars, in several areas, including the “Empire” complex, which witnesses a large presence of foreign expatriates... There are banks that still issue dollars via ATM machines, and they are subject to stopping at any time." Pimpy There's no proof whatsoever that anybody inside our congress hold Iraqi dinar. Now I'm not saying they don't because the truth of the matter is most of them are in the know. So if something big is going to happen I guarantee they're going to have Iraqi dinar. But where's the proof that congress has Iraqi dinar? Where's the proof that Trump has it? You know that's a funny thing, I believe Trump was asked one time and he said he didn't have any at the time but was thinking about it... Samson Article: "Iraq is in the first quarter of the list of the most powerful and influential countries around the world" Quote: Iraq is ranked 50th globally and fourth in the Arab world in the most influential countries in the world..."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "China hosts representatives from 130 countries at the New Silk Roads Forum" This Belt Road project is linking right through Iraq. Al-Sudani just met with Putin on his Development Road Project as well... The 10th anniversary of this coinciding with electronic systems hook ups in Iraq are looking to be timed accordingly...I like 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... So, take everything with a grain of salt ... RON Frank26 Nobody used to touch the Iraqi dinar. Nobody used to any Iraqi stocks. They wouldn't touch [Iraqi's] currency. It was worthless. But the whole world now knows thanks to Sudani the potential of your currency... Kaperoni The only way for Iraq to raise the value would be to do so gradually over time based on the success and growth of the economy. Doing so would allow them to withdraw the large quantities of currency as the economy prospers. It also would allow them to float the currency based on the economic success and diversification. Pimpy The one major issue with Iraq is they rely too much on oil. I don't care what them guys tell you about, 'oh, they're article VIII compliant.' That doesn't mean crap. Compliant what? Article VIII of what? What article VIII are you talking about? The biggest issue with Iraq besides the fact they don't have a stable economy and their government is not stable is they rely way too much on oil... Samson Article: "Economic praise for Iraq and Russia's agreement to deal in dinars and rubles: a masterstroke" Militia Man Article: "Parliamentary Energy: Work is continuing towards passing the oil and gas law" This is going to be a big deal and it needs the same thing everyone else needs and that is the international acceptable currency exchange rate. The way they are talking on this gives me the impression they are ready for the rate, so that they can discus, read and vote on it. Who wouldn't vote for it when it is for all Iraqi people. I am sure the priority is going to be toward a yes vote...A unanimous one at that! Walkingstick HCL payments are all over the world where Iraqi citizens live, where they qualify for these funds...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 We study this investment that is moving forward, unless for some reason Sudani and Alaq are not what we think they are. I'm not giving up on them. I'm not seeing anything that tells me to give up on them except, What the hell are you waiting for? Breitling When we talk about...what they want the value of their currency at a minimum has to be at the average of the value of the currencies in the region. But they don't just want to be regional they want to be international and be able to trade internationally so they want to be around at least a buck for that. Sandy Ingram Don't think you can come here [Online broker/bank etc] and at the last minute purchase Iraqi dinar as the currency is increasing in value because the first thing they are going to do is increase the cost of the currency as it changes. This old investing - meaning we are not using the Forex Market. We are purchasing currency, holding it until it increases in value against the US dollar and then we are seeing the currency for profit... Clare Article: "The Central Bank in Nineveh: We are subject to Washington’s sanctions and we are waiting for them to be lifted to open the dollar auction" And now, for a fresh load of from Mark..! MarkZ We were getting strange rates in Iraq today...It doesn’t seem to be an official process but an unofficial process. Many merchants or money handlers have put a different value on their dinar. They believe the dinar is about to take a serious spike in value. So they were charging a premium if you wanted any of their dinar... It’s been an interesting day but, I have not been able to confirm the rumors of $1.13 or so rate…but I can verify the number of sources that tell me “yes, there were major wild swings in the dinar based on who you were negotiating with...I could not confirm the rates many...have said…I can verify the value swung greatly today. I believe its telling us that the people of Iraq believe the timing is very, very soon. Pure nonsense, because nowhere else (other than the trio of clowns) is any figure being tossed around. Plus, it in direct conflict with most other sources..! RON
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani came on the news and he's saying Iraq is ready to join the BRICS... FRANK: ...That's highly possible that might be the basket they will eventually float in because even the Iranian currency is in that basket and it is logical to consider this because this is the next step in the monetary reform process. Your currency does not need a new exchange rate, it needs to float internationally without any restrictions. It has no restrictions. It is about to float internationally. Tishwash Article: "Economic praise for Iraq and Russia's agreement to deal in dinars and rubles: a masterstroke" Quote: “In light of the agreement, Iraq will open new horizons of openness with important countries to deal with in the local currency. Therefore, the demand for the dollar will decrease and the value of the Iraqi dinar will rise against the dollar." Militia Man Al Sudani was in Russia...one of the things he said is they're going to be doing business between the Iraqi dinar and the Russian ruble in commercial dealings... Samson Article: "Political analyst: Al-Sudani’s visit to Moscow is not anti-American, but one must be careful"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article "What is the relationship of the US Federal Reserve to the federal budget?" Quote "The Federal Reserves are still in control of the financial budget...he says the matter will end in two weeks." Two weeks? That's the third time I hear two weeks. Sunday when they were at the banks, Monday when they gave us the report and then today...The article is saying within 2 weeks the problem they've been having with their money...(should be resolved..!)
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy People always go, 'You're so negative.' No, I'm grounded. What's been happening lately I'm feeling really good about. There's got to be some consistency there. The seem to be making all the right moves and that's exactly what you want in this investment... Clare Article "The Prime Minister confirms Iraq's readiness to join the BRICS group" Quote “Iraq is ready to join the BRICS group if it receives an invitation from the founding countries, noting that Iraq understands the role played by the group and is aware of the conditions and specifications for joining 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... So, take everything with a grain of salt ... RON Sandy Ingram On the topic of Iraq's depolarization plan starting in January 2024... Article: "BRICS: What Iraq's Cash Ban Means for the Global Status of USD" The BRICS people...are trying to say Iraq is abandoning the US dollar in favor of the BRICS' agenda. WRONG...Iraq has over $100 billion US dollars in a New York Federal Reserve Bank and they understand the consequences of crossing over their own wealth. [Post 1 of 2] Sandy Ingram This money move by Iraq is to put an end to Iran wrapping itself around Iraq's finances...to control corruption and the illegal flow of money so they can get International investments. This money move by Iraq is to show favoritism to their own currency and their own government. Anytime the young girls decide to date or marry a man who has lots of US dollars rather than Iraqi dinars, then it is time to readjust the thought process. Make no doubt about it, this money move will help strengthen the Iraqi dinar and hopefully the value of the IQD against the USD. [Post 2 of 2] Frank26 [Kurdistan boots-on-the-ground report] SUPERGIRL: Yes, I'm waiting to go back in...I'm sorry I'm just overly excited...I went to the ATM 30 minutes ago to get cash, I went into the grocery store to ask them if they own the ATM. He said no. I said I tried getting USD out and it won't let me. He said it no longer will give you USD. I said why? He said because the currency rate just went up. When did that happen? Two days ago. I said are you serious. He said yes. [Post 1 of 2] Frank26 SUPERGIRL: I got some things for the week and it came out to $80 but he cannot accept USD so it's going to be more...I said how much more? He said a lot more. He told me $100 USD is probably $180. FRANK: These changes are occurring internally. They're not advertising it. Forex wants to get a hold of this but the CBI is not allowing it just yet. They are still cleaning the terrorist activities...You try to get American dollars and they say no...They tell you to wait because the value is about to go up not of the American dollar but of the Iraqi dinar. SUPERGIRL: Yes. He said it happened two days ago here in country. [Post 2 of 2] ***This Supergirl is someone I've NEVER heard of before. So now, Frankie has a female in Kurdistan to keep him updated. - Somehow, I don't believe it at all. Sounds like a fairytale. Although, it would be awesome IF it were true. Time will tell soon enough. RON Militia Man Article VIII implicitly states no member may impose without the Fund's approval restrictions on the performance of payments and transfers related to international commercial transactions ... Article 14 implicitly indicates if the member is prepared to accept the obligations (which we haven't quite seen yet)...contained in sections 2, 3 and 4 of Article VIII it says thus the agreement encourages the free movement of capital between countries and the transfer of balances between other members...to facilitate the performance of international payments and work to create a stable exchange rate system which provides the appropriate foreign investments...Article VIII...is the freedom of movement of capital. If you don't have it and you're not released to get it, you're not going anywhere.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "For the second day...the dollar continues to decline against the Iraqi dinar” Frank26 If you are a student of Forex you will be able to see right now the Iraqi dinar is trading in massive volumes. It is putting itself in position when the new exchange rate comes out. Total BS, the IQD is NOT traded on Forex or anywhere else.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "Iraq new signature 50,000-dinar note (B357e) confirmed" Walkingstick Q? : Iraqi private banks vs. American banks banks what is the difference? Iraqi private banks will send the dinars to the CBI. The banks in America will send them to the US Treasury. You have a choice. Q? : Is there an advantage between American bank and Aki bank? There is none.
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Wednesday Early Morning Opinions @ 9:27 AM CDT - 10/11/2023
ronscarpa posted a topic in Dinar Rumors
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 yada I guess they have stopped 95% of the smuggling. The rest will stop when the rate is changed which I still believe is about to happen. MarkZ We do have people from the UN in Iraq today. Article: “UN Security council to discuss Iraq: budget, security and human rights on the agenda” They are telling us how well the discussions went. They say Iraq is making great progress. Frank26 I think when the United Nations meeting occurred with Sudani a lot of things were accomplished and a lot of things moved forward faster than we expected. And I believe because of that meeting in New York, the United States of America is boxing in Iraq by demanding they stop the corruption with the American dollar... Pimpy We know nothing is going to happen in the year 2023 but there's a good outlook so far for the year 2024 when it comes to Iraqi dinar. MarkZ Comment: I think the US is holding up the process. MarkZ: I think they were…I don’t think they are now. I think they desperately need it now...guess what the US desperately needs right now for stability? They need Iraq to RV. -
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 Suzie Article: "Iraq announces the imminent entry into force of the electrical interconnection with Jordan" How is all this possible without a rate? We must be really close. I mean really close. Within days. Clare Article: "Putin announces the size of Russia's investments in Iraq: $19 billion and 50 operating companies" Quote: "Russia is currently implementing a large project to rebuild and modernize a factory for the production of glass and ceramic products in the city of Ramadi in Anbar Governorate. " Frank26 [Iraq boots-on-the-ground report] FIREFLY: Dollarization is over in Iraq TV says. FRANK: Told you so. Now listen to Alaq and Sudani and do what they tell you.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "The Iraqi Central Bank issues a warning to banks regarding dollar deposits." A fresh edict from the central bank...Spelling out that the citizens have the right to redeem their deposits in the banks and that the monies are guaranteed and it is their inherent right to do so through or by the year 2024. None the less the unprecedented crowds ensued...What is unusual is...the way the Central Bank exposed those [banks] that didn't have the money on hand were apparently found to be speculating with depositors funds in dollars. That is not good and there will be consequences. The Central Bank is now going to take measures against banks that abstain from taking care of their obligations to the citizens. amson Article: "Central bank settles dollar deposits: The era of “dollarization” is over in Iraq"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article quote: "The adoption of new measures to implement the US conditions to prevent the smuggling of dollars, the direct devaluation of the Iraqi dinars." The more this happens the less valuable the Iraqi dinar is. We don't want that to happen. The quicker Iraq can get into just using Iraqi dinars, de-dollerize, un-peg, start doing business with foreign countries find a way to ascend within the World Trade Organization I think they'll be better off. I have a feeling those of us who are holding on to to Iraqi dinar are going to be beyond pleasantly surprised within the next two or three years. MarkZ Comment: Is Iraq PM is meeting with Putin tomorrow? Yes I have heard that…we don’t know what if anything will come from that. Luc oil is one of the biggest Russian oil companies and has a lot of holdings in northern Iraq. Walkingstick Question: "What is the difference between using private banks that represent the CBI or using an American bank?" There is no difference whatsoever. Frank26 Question: "Are we at the point in this journey where the rate could be changed at any time?" Yes. MarkZ Article: “Global oil prices soar after Hamas attack on Israel” Oil prices after hitting a slump start to spike. It would make it easier for Iraq to revalue with higher oil prices.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Day in and day out it is bankers who hold the money and politicians who spend the money and they are always battling for power. For the Iraqi dinar to reach the top and revalue, float or do whatever...all of these powers must come into alignment. When one group of people want to ignore another group of people it messes up the money. Until Iraq can play nice in the sandbox with Israel and all other countries we can only hope the IQD currency increases in value with or without a revalue or adjustment Yada I'm of the mind that the rate release was delayed to see if there would be any further fallout of other countries in the middle east getting involved with the Hamas issue. I'm also thinking only Israel will deal with it and this has nothing to do with the reissue of the rate in Iraq. Conditions are still ripe to see this release any moment. Pimpy Article: "Putin: Sudanese visit to Moscow will be fruitful and come at the right time" I bet it will but this also could be why it is that the Biden Administration is putting a clamp down on Iraq with US dollars... Nader From The Mid East When the government of Iraq requested a billion dollars from United States demanding their money to pay their bills and everything, Untied States refuse. That's bullying. I'm talking about the government of United States... MarkZ Article: “Iraq Central bank warns Iraqi banks refusing USD withdrawals” ...Iraq has to be positively livid with the US government right now…don't let it throw you though...my Iraqi sources believe we are on the fast track…and this situation with Israel and Hamas will not cause more than a slight speed bump in the RV. I hope they are accurate. Militia Man Article quote: "The United States has warned Al-Sudani's government eight times publicly ...American side has provided ample evidence the majority of buyers of the dollar are smuggling it out of the country to Iran, Syria and Lebanon." Local and private banks don't have the dollar. You're going to see how that plays out...The request for a specific cash [$1 billion] was denied by the Federal Reserve Bank...The black market is the problem and they just got pinched...I think the US Federal Reserve Bank, US Treasury, Central Bank of Iraq and Al-Sudani got fed up and tired and said we're going to fix it whether you like it or not...the black market will go away if they do this properly.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 You will get the HCL when the new exchange rate comes out. When will the new exchange rate come out? When they damn well feel like it. Breitling Question: "Is it true they're going to have an in-country RV first?" No such thing. There's never been such a thing. There never will be such a thing... Kaperoni There is a future here that appears to be developing...Maybe we'll see some success here in the near future and of course with that success will be the opportunity for Iraq to transition their banking system and grow their economy and hopefully the dinar... Militia Man Article "Director of Al-Sistani’s Office: The authority warned against corruption and called for combating it, but there is no life for whomever you call for." WOW!! When the Supreme Religious Authority, Ali al-Sistani, speaks of a fatwa to follow laws...the people that fit the shoes and ware them better be careful to make things right and quickly.. Failure...will likely have significant consequences...He issued a fatwa that money any employee or official obtains in violation of the law is forbidden. Also, wasting public money and appropriating it, or illegal disposal of it, is forbidden. That is some heavy stuff. Think of all those that are guilty in the line up. [NOTE: The Arabic word fatwa refers, in simple terms, to an edict or ruling by a recognized religious authority on a point of Islamic law.] Sandy Ingram This is one of the reasons the IQD investment is stalled. Article: "Iraqi Prime Minister to pay official visit to Russia next week" ...it's all connected. The Iraqi Prime minister will pay an official visit to Russia on October 10th and 11th... Frank26 Let's make sure we understand something about this bank [Walkingsticks friend Aki's bank in the US]. I don't want to call it a CBI bank. I did that because in the beginning you needed a reference to relate it to so we said CBI satellite private banks. But the reality, anybody can open a bank in the United States of America...It's not so much they belong to the CBI, they work with the CBI. Samson Article: "Sudanese’s visit to Moscow will discuss 7 files"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The million is paid in 6,000 weekly installments The dollar disaster has begun.. Baghdad banks to depositors: We apologize, our balance is zero today (photos)" Quote: "The manager of the bank branch in the mall informed customers at 11:00 a.m. that the dollar balance in the bank had run out, and said, “The Central Bank did not send reinforcements.” Mnt Goat I was...told [by my CBI contact in Iraq] the real reason why the GOI, under prime minister al-Sudani has not directed full funding distribution for all the projects listed in the budget. It was for multiple reasons: 1. to first continue to clean up more of the corruption in the provinces; 2. hold back the dollars in the reserves as long as possible needed to back any reinstatement process and global rating for the dinar.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question "Could Iraqi dinar go international without placing on Forex?" Yes, but I really doubt that. Forex is going to grab it like they're in heat. The whole world is going to grab it. I told you, as soon as it changes it's like putting chum in the ocean, every shark is going to come. That's when sharks bite. Clare Article: "urgent... Al-Sudani will visit Moscow next week and meet Putin" Mnt Goat I was...told [by my CBI contact in Iraq] not to over-speculate on the RV, and the CBI has a plan and is actively working on it. The CBI can not put the cart before the horse and needs the support of the GOI for all the monetary reform. They feel that Al-Sudani is definitely onboard with the details of this effort and “fully” supports the plan and what the CBI is doing in this regards. They also told me the re-education news (program) is about to come out. Stay tuned….
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraqi banking friend Aki update] Can I bring my 1 million dinars and deposit them as dinars in your bank? AKI: No. We're an American bank. Pimpy Question: "Is it worth it to invest in the dinar?" I have them. I think it's something to consider. You should have discretionary funds if you're going to buy the Iraqi dinar. I hold like 4 or 5 million...I think it's worth it. I'm just holding on to it. It's a legitimate currency. It's way undervalued. They have a lot of sanctions on them. So what happens if you take away the sanctions? Well then the currency will be able to function like it should without all this weight on its back. I think it's worth it. Q? : Is it going to RV tomorrow? No. It's going to take time. But not a lot of time. Not like before...The steps that Iraq's taking at this present moment you can see it go up in increments without a doubt... Frank26 Sudani went and told all the contractors he signed with, they can come into Iraq without any restrictions. That's Article VIII (IMO)...You are a sovereign country. You can do whatever the hell you want to do with your currency and exchange rate. Militia Man Article: "Specialist: The government is obligated to present its vision for next year’s budget in the middle of this month" The government still being unable to implement the budget for the years 2023, 20224 and 2025 are amid secrecy and strict instructions to officials and advisors not to talk about the issue of the current or upcoming budget. Think about all of this. They are keeping what we are looking for tight to the chest. Rightfully so.. I love this! Jeff The budget remains unapproved right now. The budget is not approved because of something they did to the budget specifically in the month of September [Amended it]. Prior to this event in September the budget was approved. They did something specifically in September making the budget unapproved...Parliament still has to approve the budget again. Mnt Goat I asked [my CBI contact in Iraq] about the project to delete the zeros and was told it is coming and is now an active project - no longer just a later project. I asked for some target dates and was given that they planned to redenominate sometime prior to the end of the year. To me this is so inline what we are thinking for a January 2024 reinstatement timeframe and other events also lining up. Clare Wall Street Journal Article: "Iraq Asked for $1 Billion in Cash. This Time, Washington Said No." Quote: "Iraq is seeking a special shipment of $1 billion in cash from the Federal Reserve Bank of New York, but U.S. officials have withheld approval, saying the request runs counter to their efforts to rein in Baghdad’s use of dollars and halt illicit cash flows to Iran. Since the U.S. invasion of Iraq two decades ago, the U.S. has supplied $10 billion or more a year to Baghdad on semimonthly cargo flights carrying massive pallets of cash, drawn from Iraqi oil sales proceeds deposited at the Fed. In Iraqi hands, the bank notes have become a lucrative source of illicit dollars for powerful militias and corrupt politicians, as well as for Iran, U.S. officials say"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Jeff A very very very important Article came out... "Iraq prohibits cash withdrawals in dollar in early January 2024" This is either very very extremely good new or very extremely bad news... Quote: "The country will ban cash withdrawals and transactions in dollars starting from January 1, 2024 in the latest effort to limit the misuse of the country's hard currency reserves in financial crimes" Again this is either very bad news or very good news. If you receive it as good news it has nothing to do with the rate change specifically in the month of January. The rate is not changing in January. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are saying within two weeks it will be the first step of the electronic transfer formation. FRANK: In two weeks they told Iraqi citizens they will be the first step of the electronic transfer formation? Which started on the 28th of last month? So what are your intentions in two weeks CBI? What are you sending across your border internationally? And Now for Mark's Rumor of the day: MarkZ A lot of my sources feel that Monday is our day…A lot of them …actually...think our day is before that; and Monday is when we start going to the bank! They are all expecting big things this weekend. I am hesitant to say if it’s a “go” or “not a go” just yet. But I am excited about the potential. There is nothing negative at all.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Article: "Iraq to end all dollar cash withdrawals by Jan. 1 2024 -C.bank official" Breaking news...Iraq will bank cash withdrawals and transactions in US dollars as of January 1 2024 in the latest push to curb the misuse of hard currency reserves in financial crimes and the evasion of US sanctions on Iraq....This move aims to stamp out the illicit use of some 50% of the 10 billion US dollars that Iraq imports in cash from New York Federal reserve each year...guys this is major. Clare Article: "Iraq prohibits cash withdrawals in dollars as of the beginning of 2024". Quote: "A senior official in the Central Bank of Iraq said that the country will ban cash withdrawals and transactions in US dollars as of January 1, 2024, in the latest effort to limit the misuse of the country’s hard currency reserves in financial crimes...dollars deposited in 2024 can only be withdrawn in local currency at the official rate of 1,320 dinars to the dollar.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Question: Any news on Iraq and the WTO? Mark: When I find out – I will tell you. I think this is a big “tell” they are trying to keep from us. If they let this news out before they are ready for us…it would be a mad dash for everyone to buy Iraqi dinar…It would be a clear signal of a changing rate…so my guess is they have already been accepted and are waiting to announce the value…that is my best guess. Walkingstick IMO the opening date [For Iraqi private banks]of October 1st was for the HCL Their main goal was to be online internationally before the HCL payments. They are. Militia Man Iraq went to the U.N. and told everybody they were a free sovereign state. That goes along with having a sovereign currency...and then to be able to go into the international financial system...All of that is on the table...I don't think there is anything stopping them. I don't know if this is going to happen in the next 24-48 hours or if it's going to still be a significant amount of time. Bottom line is we can see them moving forward ...I'm elated and I think it's going to be a good week. Pimpy Community Comment "We are looking at the very least 2 to 3 years left to go if they can keep on the same track they are currently on..." That's my thinking, it's going to take about 2 to 3 years. Before everybody starts banging their head against the wall, that's for it to reach its full potential. I'm the one who thinks it should go up in increments. It's going to take at least 2 to 3 year, you might be around 1 to 1 around that time. Jeff Article: "The American decision still dominates Iraq. What do we need to get rid of it?" The United States still has possession and control over all of Iraq's OPEC dollars in Washington DC. Quote: "America is putting pressure on Iraq because it has not completely emerged from the UN resolutions..." Those are the U.N. Chapter 7 sanctions. Frank26 We see the evidence of the financial international transactions on the 28th. We see the private banks opening with Aki [Guru Walkingsticks Iraq bank friend in the US- October 1st]. We see Independence Day [Tuesday October 3rd]. The only thing we're not seeing is the HCL. Why? Let me ask you something. Did they release the new exchange rate? No. What did I tell you? The moment you see the HCL in the next nanosecond you will see the new exchange rate... Pompey Peter Ascension to the WTO is enormous because it means that they could then literally start start moving goods in and out freely, they can make taxes and tariffs at the border and they can trade freely without having to do this 'oil for aid' nonsense process... To have an international currency therefore to be article VIII, to be WTO, we need to know something on the Forex.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're saying in two weeks it will be the first step of the electronic transformation. FRANK: That would be the digital electronic international transformation. {Mic drop} Militia Man Where are they going to get all the money to do all this road construction? Where are you going to get all the money for the water, sewer and all of those things? Where is that money going to come from when you have an exchange rate at 1310? Everybody should be pretty happy to see Iraq is getting ready to be underway... Pimpy Article: "Financial expert: The International financial system prevents Iraq from dealing with non-dollars" It's kind of hard to be part of a system that prevents you from dealing in non-us dollars...People are not using the central bank. The United States is not helping the central bank central the issue. They're creating the issue. They're creating the black market.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "Iraqis celebrate their 91st National Day" Quote: "Iraqis celebrate the 91st National Day, as Iraq became the first Arab country to get rid of the British mandate, and the 57th in the world to gain independence and full powers in accordance with international law." PompeyPeter Iraq has to be Article VIII to ascend to the WTO...Are they going to say they're Article VIII at 1300? No - they're not. Absolutely not. Theoretically/technically they could but they're not...How do we know they're not? They'll implode. They cannot do all the things listed on the budget. Why would you go at 1300 to 1 when you could go 1 to 4? Clare Article: "Al-Sudani congratulated him on the National Day: Iraq will remain a pillar of stability, security and prosperity in the world" Quote: "In February of 2008, it was decided to make October 3 a national holiday, and that decision was not effective until September 2020 after the Iraqi government issued a law related to the national holiday." MarkZ Question: hearing that a currency lockdown has occurred. Have you heard this Mark? No I havn’t…but I am wondering if that is why there is sudden quiet out of Iraqi contacts. I reached out yesterday and today and am hitting a brick wall. It would not surprise me if a currency lockdown had started in-country. Question: What is a currency lock-down? Basically it is where a country locks down borders so people cannot come and go carrying currency…while they handle a “change in value” ….In other words they go dark similar to what Kuwait did for about 10 days. Walkingstick [Iraqi banking friend Aki update] Why October 1st [to open your bank]? AKI: This date was chosen. That date was based on when the HCL would come out. Also this date was picked to pay the Iraqi citizens their oil sales proceeds through the HCL. As of yesterday [October 1st] all Iraqi citizens past the age of 16 years old should have opened an account or one was opened for them...As of [October 1st] Iraqi citizens from around the world can open in these banks. They've been coming in to my bank to open up because of the monetary reform education...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Oh my goodness the float is going to be fantastic. You think the float is going to take a few months? No. It may only take a few hours! Samson Article: "Deputy: 11 countries want to invest in the path of development...the number will reach 50 soon" Pimpy Article: "Iraq is fourth in the Arab world by possessing the 'lion's share' of gold reserves" I always love to hear that. Right now Iraq is holding 132.6 tons of gold. You notice that these nations are still buying up large quantities of gold, which is a good sign. Jeff There's a huge consensus out there among most of the dinar content creators that the rate is going to change this coming week between now and this weekend. None of that is true of course...There's a huge tremendous misunderstanding throughout the dinar community right now...of what's really happening within the dinar investment... I didn't include several posts from MarkZ & RayRen that were HYPE..!
