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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 telling us the official rate technically is 1132. They say in news about budget has words in it saying the exchange rate will be adjusted. FRANK: The CBI told you this? FIREFLY: Yes...And it will be retro to January 1st... FRANK: This is Earth shattering. Powerful...If they lift the three zeros can you live with $1.13? Pimpy For those of you buying dinar off eBay: 1. You better make sure they're not counterfeit dollars... 2. Make sure when you go to make your purchase that you're not spending way more money than the dinar is worth...just be very careful you're not paying way more than necessary... Militia Man Now we see stuff about the oil and gas law which I don't think they're going to expose it. It could be 100% finalized until after an exchange rate change...the exchange rate is necessary for the oil and gas law... Kaperoni There are two possible scenarios for the Iraqi dinar. One of which is not good for us as investors, which is a redenomination/LOP also referred to delete the three zeros. I believe much of this talk is just talk to curb speculation. This also could have been done years ago. The other option is to float the dinar which is the most logical option. Which allows the dinar to actually rise in value over time based on the growth of their own economic success, and increase in GDP. This is the most likely outcome. Sandy Ingram Article: "Iran could attack Iraq beginning September 19th" Military actions could destabilize our currency investment. This is frightening. Six different Iranian-Kurdish political groups have established a presence in Iraq's Kurdistan region. Iran has accused these groups...of instigating and starting the protests that lasted months in Iran in September of 2022. More than 300 people were killed in the protests...No one doubts Iran will attack Iraq's northern Kurdistan region on September 19th. Clare Question: "Do you think the Oil & Gas Law will get approved 1st or the Rate Change?" I think the rate could come any time, even first, because the major agreements to the HCL are met & that too is waiting for a rate (publicly). As you know, they don't tell us everything ...nor do they have to... Frank26 [Iraq boots-on-the-ground report] EYES: My Banker...says let me send you some emails...This Vietnam contract is real and a change is coming. He tells me once that change occurs within 24/hours the Vietnamese dong will also change to be economically fair to both Iraq and Vietnam. He says Vietnam has a lot of Iraqi dinars in reserves and Iraq has a lot of dongs in their reserves. They will not take advantage of each other...When a financial change occurs it will effect both the VND and IQD. This is a unilateral financial agreement...
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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 I have a dear friend who used to be military...but still works indirectly. Therefore consider my friend to have contractual agreements. These contractual agreements are with Iraq and Vietnam. My friend calls me and say, 'Frank, I'm ready to expand...but my financial people are telling me wait...There is a major financial change that is about to occur and we think it would be wise for you to just wait. You see Iraq has a lot of dong in their reserves and Vietnam Central Bank has a lot of Iraqi dinar in their reserves.' Something is happening. Mnt Goat Article: "SPECIALISTS CALL FOR A REVIEW OF THE IRAQI FINANCIAL SYSTEM" Quote: "...the financial and administrative system in Iraq needs to be restructured..." ...of course Iraq does not need all these structural changes to reinstate their currency as the value is already in the dinar with the oil market. Building the economy will only enhance the dinar and bring the rate up even more...
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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: "Deal with the International Finance Corporation for the development and rehabilitation of the Baghdad International Airport" It's going to be just like the Saudi Arabia International Airport, Los Angeles International Airport. It's going be a big hub and they're gateway to the country...It shows a sign of sovereignty ...internationalism ...it's a massive thing...When it says it's going to qualify Baghdad as an international airport, it comes will a lot of different things. We're not talking about an international currency at 1310. It doesn't work that way... Kaperoni Militiaman thinks Iraq can just get their currency in line with IMF requirements and then change the exchange rate. Not going to happen. First off they need to get within 2% and hold it for over 90 days...Whether or not other financial institutions choose to do business with Iraq or not is based on Iraq's position within the IMF...Meeting IMF compliance requirements and then accepting Article VIII would put them on the same financial standing as most financial institutions... Clare Article: "The Iraqi Central Bank is taking new measures to exchange dollars to travelers" Currency traders took advantage of this decision by collecting hundreds of passports from simple people and buying travel tickets and entry visas, in order to buy dollars at the official price and sell them at the parallel market price, collecting profits estimated at millions of dinars daily. Kaperoni Walkingstick thinks that the goal is for the Iraqi dinar to be on par at 1 to $1 with the US dollar. That's never going to happen overnight. Iraq doesn't have $80 trillion dollars when their entire net worth is only $16 trillion. Frank26 Question: "When the rate is released in Iraq will it go international at the same time?" Instantly it's everywhere. It will be national news. If there's a man on the moon, he'll read about it. If Hillarious is on Mars, she'll know about it. Everybody, instantly. You'll wake up one morning and everybody will be talking about it. Everybody will be saying, 'You were right!' That's when it's going to get tough on you. Pimpy Iraq has built a new central bank. It's a huge tall building. Nothing has changed except for their location.
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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 The goal is to be 1 to 1 with the USD... Breitling There's nothing wrong with cheering the dinar is going to revalue. There's nothing wrong with being wrong if it doesn't revalue. BTW I don't think I'm wrong. It's a principled based investment and there's plenty of future coming for the Iraqi dinar. Trust me, there just is... Kaperoni Community comment "Who cares what the Dinar is for, as long as long as the Treasury wants it from us. This is what Kap has missed all these years. EO 13303 says it all." 13303 has nothing to do with the dinar. I've been studying Iraq for almost 18 years, you've been misled... Unlikely your dinar will ever go to the US Treasury. Various other central banks around the world, maybe. Pimpy Article: "Record number of new firms seen in eight months" This is great news for Vietnam, their economy as well as their currency. As long as the economy continues to get strong we will see the exchange rate increase over the US dollar. Militia Man It hasn't been their job to tell us everything. It's because we're outsiders. It's their country and they keep it to themselves as best as they possibly can. We should be able to understand that that's a big component of this whole process...
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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 ToyVP Article: "Iraq rises to 49th in global economies ranking for 2023" Quote: "Iraq has climbed to the 49th position in the list of the world's largest economies for the year 2023, a notable advancement from its 52nd rank in the previous year, as per a report by the International Monetary Fund (IMF)...Iraq has secured the fourth spot among Arab countries for the second consecutive year." Frank26 This monetary reform is taking the IQD to places of international affairs that are no longer sanctioned. The IQD they say will be king as the USD steps back in the banking structure of Iraq and now in the whole Middle East...Then Alaq caps this report by saying we are increasing out capital. What do you think that means? That means they are going to increase your currency count with new lower denomination notes...Doesn't get any better than that. Samson Article: "Iraqi-American" judicial negotiations to extradite those accused of "theft of the century"
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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 Article: "CBI Governor Receives World Bank Delegation" The Central Bank of Iraq received high-ranking World Bank delegation headed by the Vice President of the World Bank for the Middle East and North Africa...They discussed the Central Banks of Iraq's money transfers in compliance with International standards... Hopefully, positive movement will result from their meetings.
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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 ...The Biden Administration started allowing Iran, not Iraq, Iran to increase their production of oil. They are affecting Iraq's production, to help out Iran who wants to destroy us. Amazing idiots..! RON Clare Article: "After the 'newspaper campaign'... Expectations for the expansion of car sales and purchases in Iraqi dinars" Quote: “...large and original car dealers began to widely enter the electronic platform to obtain dollars at the official rate and import cars, as well as began selling cars at the official price, but the car market is still dealing according to the parallel exchange rate...In the future, the process of selling cars in Iraqi dinars will expand at a price close to the exchange rate of 1132." MarkZ ...the chatter this morning is things are very much “back on track” … Mondays are usually super slow, so to get news over the weekend from a number of group leaders that things are back on track with great expectations is good... that really lit me up over the weekend with all their preparations for this coming week... So cross your fingers …I am hearing things are now off of “stuck”... Militia Man Article quote: "Two urgent decision to enhance the ability of the Iraqi dinar against foreign currencies"...That sounds like you're going to raise the exchange rate...This is a sign that change is coming... we're in the process of watching it. Frank26 How do you get an increase in the Iraqi IQD? It is by adding value to the dinar that you take value away from the American dollar. tlm724 Article: "Parliamentary Finance Reveals Details Of Hosting The Governor Of The Central Bank Regarding The Dollar Exchange Rate And Housing Initiatives" Quotes: "...the Governor of the Central Bank, Ali Al-Alaq, to discuss the Central Bank's initiative to grant citizens loans to solve the housing crisis and the exchange rate of the dollar."; "..."The issue of the exchange rate of the dinar against the dollar and the reasons for the high prices were discussed..."
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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: Two urgent decisions have been made to enhance the ability of the dinar against foreign currency. FRANK: IMO those two are your new exchange rate and lower denomination notes. Walkingstick The exchange rate numbers on the CBI website are not solid. They're optics at this time because the CBI does not have to show true exchange numbers until they go international. Therefor 1132 is real, not 1320. The official rate is 1132... Breitling Warka Bank...what's happening is the Central Bank of Iraq has told Warka you guys need to come up with $500 million in assetsor 50 billion in dinar. Otherwise you're going to get liquidated or merged with another bank...Your dinar is covered. It's insured. It has nothing to do with anything. That's what's going on with Warka. Praise God, my IQD in Warka will be protected & restored...RON Math Blaster Article "The region is "resentful" of Baghdad: We do not have the money to pay salaries...Where are the budget allocations?" No worries.. It will get done... Possibly this week, or into the weekend... They will not allow for this to get out of hand...But we can certainly surmise that it seems that they are waiting on the new rate before payment is made... This has certainly been an interesting venture. But in the end timed perfectly... Have to admit that those who have not been paid for the last few months have certainly shown a tremendous amount of restraint. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI governor has met again with parliament...They talked about the exchange rate...They actually told them about the exchange rate and the rise of the dollar and the struggles it has to overcome this dollar dominance. They presented solutions yet saying the dollar is going to be forbidden and the stability of the dinar is a major concern. FRANK: Yeah, you know what the solution is and you know the stability will come because of the solution.
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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 Iraq still has sanctions on their money, which is a big deal to us because if you are invested the currency it makes it really hard for the currency to go up in value when there are certain types of sanctions on there...Yes there are sanctions...which means every time Iraq does something with their currency they have to clear it first with the United States... MarkZ I'm not getting anything negative...I still have group leaders that think we are going to break all speed records and still think we will get things done in the month of August, between now and tomorrow night at midnight. They are going to have to do something quickly if they are going to meet those deadlines...it's encouraging. Same old BS...it's coming tomorrow...! Militia Man Article: "Kurdistan Presidency Office: Baghdad's failure to send financial dues to the region is unfair" There is far more to this story in this than what meets the eyes. They'll need the salaries quickly or it is going to get iffy.. lol We can see that there is a reason for them not getting the salaries yet. They'll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now. Suzie Article: "Basra Oil announces the activation of the four "Total" contracts" This would "imply" to me a rate change should be forthcoming as we were told months ago that Total wouldn't go into these contracts on a "tp" rate... Frank26 [Iraq boots-on-the-ground report] FIREFLY: There's more meetings behind closed doors with high ranking bank officials across the board. Everybody you can think of is there with the World Bank and the CBI. This is two days in a row bank official are here. FRANK: ...They are talking about the new exchange rate...Sudani is telling all foreign investors Iraq is a great investment. He's telling them to invest inside 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 Samson Article: "Iran: We agreed with Iraq to disarm terrorist groups in Kurdistan and close their headquarters" A clear admission of Iranian interference & terrorist activities in Iraq. I guess that was part of the agreement to release Iran's funds. RON Frank26 1320 is not the official rate...that's just the street rate...They told you very plainly 1132 is the official exchange rate today. I'm not saying they're using 2 exchange rates. That's against the law. But there's nothing against the law to have two sets of books. The CBI website may show 1320 but IMO the economic reforms are at a different rate, with permission to do so.
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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: "Under implementation... Bloomberg reveals an American-Iranian oil agreement" Quote: "Keeping the cost of gasoline - now close to $4 a gallon in the US - in check could also help President Joe Biden's re-election campaign in 2024." Frank26 Historically, this isn't opinion, it's a factual statement...we have seen bank movements...currency printed...exchange rates change...the IMF and the CBI working together and doing things in the month of April and in the month of September. I don't know of any other month where they have made any other type of financial moves with their budget...currency... banking structure. All of it. It's always been April and September.
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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 Daytrader Article: "Under implementation.. Bloomberg reveals an American-Iranian oil agreement" We know Iran will be joining the BRICS nations, yet the US is making moves to tie up as much of their oil production as possible. That will be interesting since the US still has sanctions on Iran based on this article; specifically access to the international banking system. Militia Man Article Quote: "Iranian Deputy foreign minister...announced his county no longer has any frozen funds in Iraq and South Korea after the understanding between Tehran and Washington... Funds in Iraq has already begun to be solved..." If Iran has the full authority to manage its funds there's no sanctions...That's phenomenal...Iran is a major trading partner with Iraq and they will need to do trade with local currencies. From this deal...the process of money moving should have not problems...They should be on a competitive exchange rate system with local currencies...Iraq is the heart of this whole deal.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Breitling Some of the questions I get from the heavier investors is, "We want to exchange our dinar upfront so we get a big chunk but how do we play this out?" I have no idea the rate when it does come out, that it's going to go up or retract. I don't know anyone with the ability to predict that. So when you go to exchange your first chunk, you better have enough that's going to take care of all your hopes and dreams. And the rest you can risk if that's what you wish to do. Wise counsel..! Militia Man Article quote "Joint efforts to attract investors and developing the economic plan." The Securities Commission is looking to make headway now big time. Global investors are not going to come into Iraq Stock Exchange at 1310. They've not done it before and they're not going to do it tomorrow. Something is going to have to change for them to be motivated. AMEN..!
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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: "Iraq prepares for the arrival of millions of foreign visitors and allocates 15,000 items to secure the fortieth" As you can well imagine this is going to be a huge boost for the Iraqi economy. Samson Article: "The US ambassador tweeted I met with representatives of the World Bank to support the efforts of the Iraqi government" Frank26 The fear that they could steal this new exchange rate /currency is no longer that strong. Sudani is dealing with corruption. When he's done with corruption we will have the new exchange rate. There's no other reason not to have it. Militia Man [Reference Clare's Iran Article below] If they released the funds to Iran there's something going on. If sanctions have been lifted there's a reason for that...We're going to find out really quick what that really truly means...The most important situation to me is they are going to release billions of dollars and they already begun that process to do so... Guru Clare Article: "7 times more.. Iran announces the release of its money withheld in Iraq" Quote: "6 billion dollars of Iranian funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank," noting that "the first stages of the process of releasing Iranian funds in European banks have begun." [Reposted]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "7 times more.. Iran announces the release of its money withheld in Iraq" Quote: "6 billion dollars of Iranian funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank," noting that "the first stages of the process of releasing Iranian funds in European banks have begun." Breitling Iraq...wants to be part of the West's economic structure. They can't because of Iran. Iran is completely against the western economic infrastructure and they're backed by Russia who's trying to destroy the entire western economic structure. That's a problem for Iraq. That's not going to stop them from revaluing...let's say they never got into the western system, it would be harder to maintain a higher value because they wouldn't have enough customers...If they get cut off of the western world they're going to have less customers. Walkingstick There is a big push right now to arrest as many as possible before they come out with the new exchange rate. Militia Man I believe they're at that stage where the spending project is about ready to go. The security and stability is being enforced. Let's see how it goes.
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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: "Central Bank Governor: Iraq's gold reserves amount to 132 tons" Militia Man We can see they're about to start spending and spending is going to need an exchange rate that is not 1310 as the official exchange rate. MarkZ Its quiet on the RV front as expected but, but this will be a big day with what is coming out of BRICS. That will be very interesting to see..! 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 Militia Man ...I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending… for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310...Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate. Clare Article: "World Bank: Iraq's economy is "fragile" and its debts have risen to $152 billion". Quote: "...noting that the Central Bank auction caused the redirection of hard currency to the parallel market, which led to a decrease in the value of the dinar against the dollar." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on television again saying in the coming days we will see the overthrow of the major corrupt. This is what we think is the final part to cut the head off the snake...My bank friend told me this it the part we're looking for next and then we get what we want. FRANK: ...You can trust Sudani to cut the head off that snake. Mnt Goat ... we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon...this is their target, and we know now it is. Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros? Just be patient, the reinstatement is coming. Militia Man I think as far as everything being in place where Iraq is concerned with their re-instatement timeframe…I think the writing is on the wall that they are going to go into the international financial system...And we also expect to see the new small category notes (lower denominations) released in Iraq…and I am hoping this will happen in the next short period of time.
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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: Television says we have done a good job on getting away from the dollar but it still faces an up hill struggle. I'm not the smartest man in the world but why don't the CBI give us a rate and a value? Then the people will flock to the dinar and be no black market dollar because Sudani says the dinar will be higher than the dollar. Why they not just do that. It's simple in our eyes. FRANK: What you're asking for is what you're going to get...if they give this rate to you now...the monetary reform will fail. If the monetary reform fails you ain't gonna see Jack soon. Nothing...I don't blame you for venting right now. I know it's simple in your eyes. Pimpy They still have not started dispersing the budget out like it should be...Is this because they want Iraq to be under the Central Bank Digital Currency? ...They've obviously not dispersed out the funds necessary for job growth and that's what a lot of us are waiting for... Militia Man Article: "Iraq..The total looted funds are estimated at $450 billion" Quote: "The Iraqi government is working to strengthen cooperation with international organizations concerned with combating corruption, such as the United Nations, the World Bank, the International Police (Interpol)..." ...Al-Sudani and other international entities are stating...corruption needed to be under control...They appear to have a good handle on things...I like the stability that it is likely to bring from the effort, not to mention the amounts of money that will be clawed back...is breathtaking.
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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 Question: "These banned countries - Why does Alaq the Governor of the CBI want the United States to help?" Because sanctions on these banned countries make it difficult for them to acquire the USD. The USD rate goes up via supply and demand....This must and has been stopped by laws Suadni has implemented and brought fourth...It is bulldozing over the corruption that has prevented the new exchange rate from coming out...Sudani asked the United Staes of American for help to stop using the American dollar in Iraq. Clare Article: "Al-Sudani's Advisor Talks About An Expected Assault That Will Affect The Senior Corrupt" Quote: "We will witness in the coming days the overthrow of major corrupt people, because there is seriousness in the Sudanese approach, and this is one of the priorities of his government program and with the approval of all political blocs."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Iraq is very close to joining the WTO. Wrong. There are often articles about joining, but until they diversify their economy so they have products to export, there is no reason to be in the WTO. Wrong...! Breitling Article quote: "It is not possible to float the dinar in Iraq because we don't have various sources of foreign currency." Which is unbelievable...I've been researching it. The question is a float verses a hard revaluation, a hard manipulation, what they're doing right now. You and I are in a hard manipulation. It is not based on market value...on float...on anything...He's right...Iraq doesn't have access to a foreign currency reserve like everyone else does. So they're going to do a hard revalue. There's no threats at all...this means everything because there's not going to be a float. There's doesn't need to be a float.
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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 The meetings that are coming up are going to be very telling about the future of Iraq...What they got to do is come over here and work with the United States and seeing if there's a happy medium where they can raise the exchange rate but not by much. Then the United States promise to bring in X amount of U.S. dollars into Iraq so the gap between the official rate and the parallel exchange rate is not so big. It's causing too many problems. Clare Article: "The US ambassador's statements about the rise in the exchange rate of the dollar against the Iraqi dinar" Quote: "US ambassador to Baghdad, Alina Romansky...indicated that Iraq's adoption of the legitimate banking system guarantees the stability of the dollar's exchange rates." Militia Man We saw a documentary video of them specifically reducing the note count, destroying money....We don't know how much money they have destroyed yet but they will probably disclose it because it'll be a necessary thing to disclose when they go international. People are going to want to know what their money supply is. The bottom line is they were destroying and...making little pellets with perfectly good money..[Post 1 of 2] Militia Man Those of you out there on the Internet that are doing the math saying this doesn't work, if you don't know how much money they've destroyed, you don't have good calculations. So be very careful on telling people that it's not going to happen when it clearly is showing the Central Bank of Iraq, The Finance Ministry, the World Bank, the U.S. Treasury and everybody else goes against what you're saying. Be fair in your analysis..[Post 2 of 2] Frank26 There is no delay...If you know very well that Iran is stealing the currency, the bloodline, destroying the spinal cord, destroying the unity, the harmony, the sovereignty, the proudness of Iraqi citizens as their nation would you not also want to remove that? ...we don't have the perfect situation for the monetary reform to be released. We've got terrorists... corruption ...thieves...Now granted it's been really reduced...[Post 1 of 2]REPOSTED Frank26 The next step in the monetary reform is exactly what you're seeing right now. Remove those evil people - Iranians and Iraqis and any other foreign persons...Have you ever seen...a prime minister from Iraq do what this man is doing? Never, not in your lifetime...Sudani is a great leader and Iraq is blessed to have him. The things that he's doing is amazing. There are no delays. It is the next step of the monetary reform plan..[Post 2 of 2]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question "If the rate goes to .75 or if it goes to 1 to 1 will that be enough income for the people of Iraq?" IMO any increase in the dinar value is added income and necessary for the Iraqi citizens. They're not trying to get rich...They're trying to eat and pay their bills. They will see value in their currency...Social Security...retirement checks...HCL. that alone is four different incomes they will be having very soon. Kaperoni I remind people once again, Iraq could never afford a significant RV of the Iraqi dinar. It would cause chaos in the country and would bankrupt them immediately. There's over 80 trillion dinar in circulation. No country could afford such an event. Pimpy I think people really need to pay attention to what's going on over in Syria. I think that situation is way worse than people are telling us and that could really really affect what's going on in Iraq. Militia Man Article: "Iraq is looking to accelerate its accession to the World Trade Organization" It's pretty exciting because they have come a long way...getting to the final end stage of being a full member has been ongoing for...about 3 years and they're in advanced stages... they're going to need to be Article VIII compliant with that. That's one of the major things we're hoping to see in the near future.
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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: TV saying with the funding of the budget we are going to see a major decrease in the dollar exchange rate. FRANK: They cannot touch the dollar exchange rate. Only the US Treasury can touch that exchange rate. BS..! So what are they talking about? They're talking about adding value to their currency which will decrease the value of the American dollar in their country. That's what they're talking about. That's the exact same thing Frankie..! DUH... Clare Article: "Iraq is trying to join the World Trade Organization" Quote: "Iraq needs to diversify its economy in a flexible manner, such as the agricultural, industrial and investment sectors, and that Iraq's accession to the World Trade Organization be useful as one of the tools for building a market economy within the standards of the global market and a tool for achieving reforms and decisions to achieve these measures." Samson Article: "Iraq is looking to accelerate its accession to the World Trade Organization" Goldilocks Iraq recently became a trading partner with India and seeking inclusion in the Unified Payment System that will allow them to go across borders sometimes, by land, sometimes by sea, seeking more demand for their currency which gives it more value. Frank26 There are no issues...problems...delays. Everything is moving forward. Do you understand that? It's a perpetual motion of moving forward. Nowhere do I see any stalling...standing still...No. Everything is moving forward...leaning forward picking up speed...There is no delay.
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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 You have to pay attention to what they're saying and then realize they talk outside both sides of their mouth. So you have to be very careful of what's being said and then you have to understand who's saying it...If Sudani is talking about it, you got to give that that credit. If his advisors...saying it, give it some credibility. If it's a parliamentary Finance Committee be careful. If it's the Finance Committee and it's directly from Sammy I would listen to that just as I would listen to Alaq because they're the top. Frank26 There is no delay in the monetary reform process. The monetary reform process plows forward with great success. This corruption cleaning equals a new exchange rate. Walkingstick These individual that are being arrested have great influence in Iraq which can impact the outcome of the monetary reform process. And all these funds Sudani is recovering is helping to bring forth the new exchange rate and that's why every day you see more people being arrested, more corrupting being cleaned up. Militia Man Alaq out of the blue In an Article Quote "from 5 to 6 cents the cost of the Iraqi currency edition per paper." He just happens to throw in how much it costs to print a note. Whether it's the small category notes or large notes, he's saying it is 5 to 6 cents...They're not printing any more triple zero notes from what they said... That's a big tell-tale giveaway. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI is back on television again...saying the CBI is in the middle of a battle fighting the dollar smugglers.
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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: "Al-Alaq: The Iraqi government's debts to the Central Bank amount to 46 trillion dinars" Quote: "Regarding the cost of printing the Iraqi currency, the governor of the bank said that it costs 5-6 cents per paper" MarkZ Article: “Sudanese and Mandalowi agree to speed up implementation of budget items” They are talking about the economic reforms, the projects etc…they need to stop in-fighting and get this thing implemented. In this implementation they need to control their rates. Exchange rates, parallel markets etc…so to me, this was a very encouraging article…they need to go sooner rather than later to get these reforms done…with a concerted effort from the various blocs to make it happen. Sandy Ingram Article: "Member of parliamentary finance accuses Iran of printing Iraqi dinar and replacing them with dollars" A parliament member is saying...Iran is reproducing Iraqi dinars in Argentina and then trading the dinar for U.S. dollars in Iraq before smuggling the money into Iran on a truck...Bottom line more banks in Iraq will be closed. Iraq's currency has been compromised even more. Frank26 What is the reason why we do not have the new exchange rate of the Iraqi dinar, the lower denoms, why? ...criminals...the corrupt...thieves...Iran...This is the perfect timing to remove Iran influence. Did you not see the money exchanges that are owned by the Iranian politicians closing up? Do you not see the banks that are owned by the Iranian politicians being closed up? Do you not see Iranian politicians being arrested? In fact do you not also see Iraqi politicians being arrested? Mnt Goat ...the CBI is still on track with the 2011 plan and is moving ahead with it. By reserving gold, they are moving to meet the Basel 3 rules... an interview with Ali Alaq he told us the future vision of the Iraqi dinar...It is backing the dinar with GOLD! WOW!!! no longer just the dollar. Yes, we can definitely see the trend already to get the dollar out of Iraq. It is a process... Alaq says that today they back the dinar with the billions of reserves, which is the dollar. Then he talks about the future where it will be backed by GOLD not the Dollar. He says Iraq has 132 tons of gold...about $8,008,704,000 billion worth of GOLD...
