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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 1460 isn't bad enough? You want to lower it more to 1553 or 1560? Kazemi didn't say that. Mustafa didn't say that. Idiots said that...only pay attention to the governor of the CBI not the parliament idiots, not some CBI employee... *** Pimpy Article: "Advisor Al-Kazemi reveals that there are 50 Trillion dinars outside the control of the banking system" I think they've only printed out 55 trillion. That means they control 9% of their money. This is not good...it looks like we're heading down that path that we do not want to be in... *** Walkingstick They are in meetings now. Topics about disbursement of new notes, time frame, note count etc... *** Jeff Article: "A proposal to raise the exchange rate of the dollar against the Iraqi dinar again" ...devaluing the dinar improves the economics for the government of Iraq. Obviously it hurts the people because the cost of goods and services go up in value but devaluing the dinar definitely helps the federal government. That's why they're doing it...recent articles from parliament finance committee have come out suggesting that they would like to consider using the current exchange rate for a long period of time. Roughly three more years... *** Frank26 [Now the World Bank is taking about how Iraq has dropped to a negative 10% GDP.] What did I tell you about the GDP? So now the World Bank comes out and starts telling you about the GDP figures. Why? Because they're about to give you the new exchange rate
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "Opening of the Iraq reconstruction and investment exhibition in Erbil " The 2021 budget is not open or implemented if I recall correctly. There is to be on the 05/29/2021 many laws before the HoR... Mainly the one I have interest in is the potential new law in regard to HCl...But, with this Reconstruction and Investment Exhibition now on going supports a new market economy is underway or just about to be announced...Customs and Borders are in the news today with signings, etc... Digital currency with the IQD is another convergence...So, do we see the picture? ...I sure do... The canvas is now about dry. *** Frank26 I was just recently told everything is now completed as far as the US treasury is concerned. The U.S. Treasury is now waiting for the new exchange rate. I think this is coming to an end. *** Jeff Article: "Al-Kazemi is implementing an American plan to return Iraq to 2014" This article does not look good for our investment. This article is showing that Iraq ...is not going to become sovereign and that they have tremendous instability...it's also saying they're to pause and postpone the electoral process and go toward an emergency government to ensure the foreign forces remain. They're telling you Iraq has a lot of political instability moving forward...This article does not look good...Iraq will not be able to revalue their currency if they bring forth an emergency government... *** Breitling Don't worry about the Iraqi dinar. The reports that are coming out everything they are doing is fine. The window is still here. There's no reason for them to stop now. Oil prices do not change what's coming up...They're still moving forward...you should be very very happy...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat Article: "THE HOUSE OF REPRESENTATIVES RESUMED RAISING THE ISSUE OF RAISING THE PRICE OF THE DOLLAR" ...What they do not tell you in the article is part of this session was a CLOSED DOOR session and they discussed the project to delete the zeros and the rate of a revaluation. The finance ministry wants the rate very low at about 30 cents while the Central Bank has already said they are going to revalue at about 1:1 with the US Dollar. This is the dispute now. The Central Bank would like to get full support from the finance ministry but technically does not need it. We wait to see what happens next. *** Petra We study the articles. That's the only resource we have. We dig deep into those articles and pull out what I think are nuggets. And I'm telling you [what] we saw the last several weeks...I honestly thought this thing was happening last weekend. I honestly did. I woke up Sunday morning thinking this is the day and it wasn't. I was thinking...why did I put myself in the position to think that it would happen because we are dealing with a unique entity called Iraq...but I thought about it and thought about it and more articles came out and there was something else that I missed...I do believe we are in the final motions of the CBI. It's evident by what's going on in the world...It's all coming together... *** Frank26 I said for me it's less than years, it's less than months, it's less than weeks, it's within days and I still believe that sincerely because everyday that has gone by has been so significant. Everyday that I've said that to you has been filled like a pregnant rhinoceros...I mean this is stuff that's big. Everyday you can see...there is a date when they're going to release the new exchange rate and that date is written in titanium. *** MilitiaMan Article: "The President of the Republic presents a bill to recover the stolen money and hold the corrupt accountable" Quotes: "...Iraq has lost a thousand billion dollars since 2003 due to corruption"; "...150 billion dollars were smuggled into the countries of the world through corruption deals..." Recovering $1 trillion in stolen money and put back into the coffers will go along way in maintaining the new exchange rate. imo...Even $150 billion would be nice...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan *** Article: "Al-Kazemi refers to an "unprecedented" security coordination between Baghdad and Erbil: it will curb terrorist attacks" Quote: "Baghdad is now in the final stage of approving and distributing the budget sections, and Kurdistan's share will soon reach Erbil." The kurdistan share is to reach Erbil... There is enough support now that they should have smooth sailing... They have plenty of resources to cover a very healthy and strong currency...imo *** Pimpy *** Article: "Biden extends the "state of emergency" in Iraq and Syria for another year" What does that mean? That's Biden's way of saying to the international community, 'Be careful going into Iraq . I wouldn't invest there. It's not stable yet.' He's still saying they're in a state of emergency. That's what this means. It isn't good. *** Frank26 *** You have to try your best to understand there is a difference between "passed" and "activated". Yes the budget is passed but it is not activated because it does not have the exchange rate... **** MilitiaMan *** Article: "The Parliamentary Finance Committee revealed, on Tuesday, a Kurdish delegation's visit to Baghdad ." Quote: "The mission of the delegation that will visit Baghdad is to agree on the mechanism for implementing Article 11 of the Federal Budget Law." I imagine they will have a mechanism front and center right after Eid A - Fitr. ...The mechanism, i.e., an exchange rate is or may be calculated based over time and averaging, in some cases, imo...Regardless the topic is the mechanism and that my friends is a big deal! They want to know what rate at which to calculate now...imo...I'll bet once they see the mechanism they'll be dancing in the streets...lol imo...me too...ha!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "Ports call for accelerating electronic transformation" This has been a work in progress for years. They have not just started this. They have been hard at this for many years. Now it is effectively go time...We know the IMF, UN, World Bank, Bank of international Settlements, etc have a pulse in the on goings in the monetary reforms and digital transformation that Iraq is presenting to the world now..(post 1 of 2).. *** MilitiaMan It is very clear they are gearing to interlink globally via land, sea and air...All borders, ports and airports will have codes for all goods. A requirement for Article 8 and or WTO ascension. imo ~ They are obviously educating everyone in the matter. The most important at this level are the those 200 banks, as they clear money globally... They all have a need to know and at the same time. They got the message...This is very very very exciting times imo.!..(post 2 of 2).. *** Frank26 We're looking for, what we call 'chatter' from the CBI and the GOI...It's not hard for the IQD to de-peg from the American dollar because the IQD's assets and natural resources simply embarrass the American dollar... *** Mnt Goat Article: "THE GOVERNOR OF THE CENTRAL BANK DETERMINES THE STEPS FOR DEVELOPING THE FINANCIAL AND BANKING SECTOR" Quote: "He also urged banks to digitally transform the services provided by opening accounts remotely, and using applications such as mobile phone applications and internet banking services, in accordance with international best practices.” *** MilitiaMan Article: "THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO DISCUSS BUNA’S COMPLIANCE STANDARDS AND INFORMATION SECURITY CERTIFICATION" ...The country of Iraq is going smart tech now. Just as the borders are too. They are now already catching the pilfering of funds. That is not going to be allowed anymore. They are to nip that in the bud, pronto...They are going to the internet for international accounts. Article: "The International Islamic Bank launches a new service" They'll need imo an international rate when all is ready, set, go.. imo. That appears to be underway and on many levels. Even King Salman has granted license for ITB to open branches in the Kingdom...imo. That's all Folks - Blessings - Ron
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Walkingstick & Frank26 *** It [the Iraqi dinar] is going to shoot up way past its REER...Supply and demand on the dinar is going to explode in a nuclear fashion that's why it's going to climb fast for the REER internationally. That's why I've told you you gotta know when to hold'm and when to fold'm. You've got to pay close attention. You should not run to the bank IMO. You should walk to it. Personally, I'm gonna sit back like a silver back gorilla. I'm gonna sit back on the biggest mountain I can and watch everybody. They'll be mistakes made and I'm going to learn from them... *** Petra *** Anchor in what you know. What do we absolutely know? 1. We know the budget was approved on 3-31-21. That's a fact. 2. We know that the new budget hasn't been entered in the gazette. 3. Has the rate change been shown on the CBI? No. 4. Are there billions on the sidelines...private investors and companies waiting to enter into Iraq? Yes. IMO the frustration of folks comes when trying to figure out a date. Can anyone influence the launch of the reforms or influence the date of the reinstatement in the public realm? No...They cannot survive at the current program rate. Nor will it come out at the program rate because the math just doesn't work. Anchor in what we do know - that they have told us it is coming. We just don't know when. Stay the course. Anchor in know that it is coming and relax. You're not going to miss it. *** Frank26 *** There's still one or two who still don't understand...Phase One: 1 to 1 rate - inside of Iraq & outside of Iraq. There's a date they've established when they want to come out with the one-to-one rate inside of Iraq and outside of Iraq. Phase Two: Okay we've raised the value to 1 to 1, citizens are now coming in to the banks in Iraq...that's the only way they're going to get the new small category notes...When I told you Phase One and Phase Two IMO are complete one or two said 'Where is it? I don't see it...You're lying Frank. You're misleading us.' ...Phase 1 & 2 IMO are complete...about to be shown...it's electronic. It's digital. That means you can't see it just yet. But you know you're gonna see it...(Post 1 of 2).. *** Frank26 *** Phase Three I told you it was going to be a float...the article...said yeah we're [CBI} going to float it. You can't float it domestically. No it'll be fixed. That's exactly what we told you. That's exactly what they said...the only reason you're going to float it outside is because you raise the value inside. Bam! ...why haven't you floated it in the last 17/18 years? Because we're at a program rate...Why are you telling everybody you're gonna float? Because we're article 8. We've raised the value of our currency. We're about to show it all...(Post 2 of 2).. *** Pimpy *** Article: "A Significant increase in dollar action sales to the Central Bank of Iraq" People always get these confused. They think they're selling dinar. That's not what's in the auctions. The US dollar is what they're selling. What's happening is they get paid all the time for the oil in the petrodollar - they're US dollars. They turn around and deposit into banks and the bank decide how many of them they want to keep... and they send over [the rest] to the CBI to auction off the money. So when you see them sending more and more U.S. dollars it means they have more and more confidence in their own currency. This is a good sign...we like to see it. Continue to sell the US dollars and strengthen your own currency... *** Mnt Goat *** Article: "ADJUSTMENT TO THE EXCHANGE RATE" Quote: "...which is likely to adopt the method of “managed float” in the next step in conjunction with the increase of central reserves,..." this...verifies everything I have been saying all along... I talked about first the project to delete the zeros accompanied with an in-country revaluation to around 1:1, then a reinstatement on a managed float, pegged to a basket of currencies. But first right now they have to increase the CBI reserves, as Dr Shabibi did and was then were ready to go in 2012. What was the reserves back then? In 2012 it was around 90 billion. Just recently al-Kazemi announced the reserves were around 60 billion. So we can see it might take another 2 years (as the CBI just predicted) to reach the goal needed to go to the next step.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "The president of the Republic approves the 2021 budget and returns it to the government to implement it, starting tomorrow" Yay - finally it's been ratified. No rate change was in there unfortunately. We'd love to see one...congrats - the budget is done...this is great. This is what we want to see...these are big steps in the right direction... *** Frank26 *** Allawi Video Quote: "We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at straightening the Iraqi economy." ...amen, glory hallelujah, praise God..! ...this is it right here. Happy Thursday everyone ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra Guess who's coming to Iraq in a couple days? Barzani the head of Kurdistan...his deal is done. He got his 13.97% which is a lot more than I thought he was going to get...he's coming to town. Why would he be coming to town? It's not to negotiate some more for his contract. He's got it. It's signed. It's done...the timing...it makes a lot of sense. *** MilitiaMan Article: "US-Iraq strategic dialogue to take place on April 7" Quote: "The relationship between the US and Iraq, including its military presence in the country, is based on a strategic framework agreement signed in 2008. It called for close defense co-operation to deter threats to Iraq's “sovereignty, security and territorial integrity." The talks, due to take place next Wednesday, will focus on security, counterterrorism, economics and energy, political issues, and educational and cultural co-operation. Gotta love the timing of things...The economics and energy has my attention for obvious reasons... The oil deals we see of late are all about economics, yet, security is a part of that and big time too. The Tripartite with Jordan and Egyptis the following day... Watch and see... This is all for a purpose... I like it! imo... *** Ray A Shafq News source reported that President Saleh has ratified the 2021 Budget Law and returned it to the Ministry of Finance to start work on it for Thursday. *** Petra This is the endgame. This is what we've been waiting for...once that thing [the 2021 passed budget] is signed that is game over...it's gonna be the last second and they'll release the parade. But they are officially on the clock so that's the good news. It's getting sweeter and sweeter every day because every day we're getting closer and closer to what we're waiting for. So yeah all very very exciting... *** Frank26 Article: "After weeks of delay, Iraq's council of representatives passes budget for 2021" The fact that this budget has been passed is only because they have a new exchange rate. They have never had one before... *** Pimpy Again I have to bring this up because people are asking me. Again, no, there is no 1 for 1 exchange rate happening in Iraq. That's false. I told you guys what that would create. A huge large black market of the Iraqi dinar. You would have people buying cheap out of country smuggling the in country exchange the 1 for 1 grabbing their profits and running back out of country buying more dinar and going back in. When the exchange rate happens it happens inside country and out of country all at the same time... *** MilitiaMan the main thing is, is that they tell us the budget will be applied retroactively for many many months. Implementing that retroactively from the 31st tells you them stopping the auctions has all been timed...for this particular purpose because it's all about the exchange rate...it's awesome. Good 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. RON *** Jeff *** Anyone who put their primary focus on the budget fell right into their trap and was played for a fool. Article: "Parliament votes on the 2021 budget bill in full" Remember I told you the rate wasn't going to change. It was going to stay exactly where it was at? Article: "parliament votes on the first article and fixing the dollar exchange rate"...they've adopted the exchange rate of 1450 per dollar...Article: "The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar" that's a stability step. That's good...but...they have no intentions of changing the rate anytime soon. *** Frank26 *** All I know is this blessing is coming. I have no doubt...none whatsoever...I fear when it becomes 1 to 1...when they reach that date...that I believe is solid. I don't know the date but when they reach that point of 1 to 1 in county and out of country I think that there'll still be people complaining (it's called less than 1%). They'll still be complaining. Not that they have 1 to 1 rate with the currency they invested in but they're now saying well how long is it going to take for the rate to grow internationally. Are you serious? You already got a 1 to 1 rate. 'Well I'd like a 2-1 a 3-1 a 4-1 rate.' You gluttony. That's not cool...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Footforward *** [Q?...IS THE CBI DOWN..?.] CBI has been down a lot, plus it's a Friday. They will never RV on a Friday. ...These people are way too religious to dare ignore Allah on a Friday and work. ...Now watch. The dinar rate won't be in the budget and many people will sell their dinar...I'm not saying we are far off. I'm saying don't be surprised if the new rate isn't in the budget... *** Pimpy *** Article: "Parliamentary Finance: There is no adjustment of exchange rate in the budget" ...when Kuwait did their rate change they told everybody in the news the day before that they had no intentions on changing the rate at the moment....the very next day boom it was done...That's why it's hard to really nail down any rates. Can't nail down any dates. No body knows...they're actually showing you the steps taken to prove to you that the rate change is not in the budget. Does that mean it's not going to be in budget? ...It's possible. Again I don't want you guys to get overly excited...or overly down. Stay grounded. There's still a lot of positive things happening over there in Iraq... *** Jeff *** Article: "Parliamentary Finance: There's is no adjustment of the exchange rate in the budget" This article is China syndrome...in the past right before China reinstated or revalued the currency as well as Kuwait, both of them put out articles telly you they have no intentions of revaluing. A few days later BAM Changed it...What have I been telling you? Parliamentary Finance is full of B.S. and horse crap. They lie to you...we're not buying it...IMO Iraq is on track to change their rate this coming Sunday the 21st.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article: "vote on budget bill will be postponed until after Newroz holiday: Iraqi MP" ...I fully believe they're still hiding the figures...I told you they might push this possibly until after Sunday the 21st...if they were to change the rate this month in March it's got to happen by the 21st flat out...we have reached a brick wall with our factual data. We are now at the point where we just have to see what happens over the weekend... *** Pimpy *** I don't do dates. I don't do rates...I went in and speculated. I would say based on information I can make an argument of why it might be here or why it might be there...they thought it would be somewhere around $1.37...you can speculate about it all you want. I made arguments for a rate as high as $3.22 and I've made arguments for a rate as high as a nickel. It really depends on a lot of different things. That's why we pay attention to the news because all these things are factored in what this rate can be... *** Jeff *** Article: "Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday" This is a federal holiday - country wide...Don't let them fool you. It's not just a holiday. There's bigger things happening during this period...on the 21st they will have the ISX shutdown...just so you know that was the same official holiday Kuwait utilized...for Iraq it will be Sunday morning round 7-8am their time when they change the rate...it's got to be a Sunday... history is repeating itself and Iraq is walking in Kuwait's footsteps... *** MilitiaMan *** Article quote: "Passing the budget bill with the postponement of the vote on the Kurdistan quota and the exchange rate due to deep disagreements about them is impossible." ...talk about the postponement of the Federal Budget Law for 2021 is about the resolving of the exchange rate until a final agreement in that regard. Then look a bit further they have it ready and it is inevitable. So to have it resolved means they have already decided the exchange rate. They have agreed to...21-50% deductions in pay... All projects are stalled until the exposure of the rate...imo... This data supports we are all in a good place... There is no way the Kurds would agree to deductions in salaries without an exchange rate to support it and that off sets the loss. Gear up it is getting real!...imo...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Dinar Update *** The CBI has maintained less than 2% spread between the dinar's official rate and the market rate for 84 days. This means the dinar is within 6 days of fulfilling the IMF's 2% for 90 day rule. Several Dinar Enthusiasts feel the dinar cannot RV/Increase, graduate to Article 8 and become international until this milestone is met. If the CBI maintains the market rate at the current rate this rule will be met on March 20th. You can always see the CBI's official rate and market rate listed on our Dinar Vets CBI Daily Currency Auction & Currency Exchange Rates posts. *** MilitiaMan ***...Very important adviser [Salih] stating that the White Papers need activation or nothing will get done. Talk about being open about it!! They have no choice now. They need the rate to be exposed.. Without saying it direcetly, he is saying it.. imo... *** Jeff *** Article: "Political agreement to pass the oil and gas law" Oil and Gas Law is oil profit sharing for the citizens. It's still outstanding...Why hasn't it been implemented yet? It can't be. It's waiting for the rate change. That's why it's still outstanding...In order to implement it they have to change the rate first. Then they can amend the constitution and then they can implement it when the budget goes active on April 1st. Boom! ...all of this is coming forth now. You guys are in the best position. We're golden. This thing is locked and loaded. You are right on the cusp of it... *** Mnt Goat *** [Q? : When will they vote on the Oil and Gas Law?] They will probably take this up soon too along with the referendum for Article 140. Both of these laws have been ongoing as pieces to the Oil and Gas law have already been voted on and are now effective laws. But the KRG needs to assurances (by legislated law) how this territory in article 140 is to be managed and by whom and will need the funding from the GOI to do it. *** Mnt Goat *** Article: "INTERNATIONAL MONETARY FUND REVEALS LOAN TERMS, CONFIRMS SUPPORT FOR WHITE PAPER AND EXCHANGE RATE CHANGE" I am hearing that Iraq may not be taking this IMF loan after all as oil is rising very quickly. This is a very good sign... *** Jeff *** Article: "Parliament announces the completion of the vote on the draft law of Federal Court in Monday's session" The fact that you see them getting this law done now confirms to you that the rate change is here because this law had to be delayed and timed with the rate change. They could only bring it forward when they're ready to change the rate. That's what they're doing right before your eyes...more good news walking you into next weekend for a rate change... *** Mnt Goat *** As oil prices rise Iraq is bouncing back. We see them accumulating yet more funds in the CBI reserves. This is all very good..! They will need this to RV. Remember that in 2012 Dr Shabibi has nearly 90 billion in the reserves and kept the provisional rate to 1166. Remember Dr Shabibi planned to revalue the currency in 2012 and then reinstate it in early 2013. So, in today’s day and age and all that is happening in the USA I would not doubt that an RV could happen before they opened the budget...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** The moment the Iraqi dinar inside of Iraq goes up in value because they have lifted the 3 zeros off their exchange rate...the Real Effective Exchange Rate will be applied to the Iraqi dinar externally...they are about to give the citizens of Iraq the new small category notes at a 1 to 1 rate for their currency...not only domestically but internationally ...I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]... *** Mnt Goat *** Article: "AL-HALBOUSI: PRESENT THE BUDGET TO A VOTE SOON, AND WE WILL PROCEED WITH THE LEGISLATION OF THE OIL AND GAS LAW" I have always said that Iraq will need to fully implement their new constitution of 2005 no matter what this means prior to the reinstatement of their currency. There is not much more to do. We know they need a referendum for the Article 140 part to settle how these disputed pieces will be managed and who will manage them. There is also the infamous oil and gas law. Both of these are now in their final stages and we should finally see them. There is also the court reforms that are expected... *** Mark *** Well, if you are following any news from Iraq you should be excited…they are ramming HCL (Hydro Carbon Law) through so they can change their value… *** Pimpy *** Article: "Member of Parliament on the exchange rate of the dollar: It will continue until this date" What? Is there a date for the rate..? Quote: "...calls for a reduction or restoration of the exchange rate to its previous state." ...what does this mean? ...some people think it means restoring it to its previous rate of $3.22 for every dinar...It isn't very clear here...IMO a jump that big at this moment would be a bad move...It would cause the collapse of the dinar jumping to the $3.22 rate. Not quite yet. Let's let them get things going and then let's see what happens. Restoring it back to the 1190 level I can see that...yes you guys can make all kinds of arguments both ways about what the rate should be. I understand that... does that mean it will never change? No...it could change by next month that's the thing, we have to watch what they do...When Kuwait went to change their dinars they told people it wouldn't happen for years then it happened two days later...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** I knew in my gut they would have to have some type of celebration event before they do go international...you may not have realized it but the pope being in Iraq was actually that big celebration event. It was the grand finale before Iraq does revalue the currency... Article: "The Pope's visit to Iraq restored the country to its international status" ...this is huge. This is powerful. *** Pimpy *** Article: "Kissinger: Biden must uphold Trump Administration's "Brilliant" Policy in the Middle East" ...What? I couldn't believe it..! Trump tried to bring peace to the Middle East. Kissinger supporting this makes me kind of nervous...whenever these people support anything you got to get weary about it. I'm a huge supporter of Trump but I pray to God that I don't find out that this guy was secretly somehow some way the boogeyman...whenever Kissinger agrees with you that's kind of a scary thing... That's all for today folks ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Adam Montana *** Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic... OIL. The HCL, or "Hydro Carbon Law", is a key element in Iraq's eventual ReValuation of their currency exchange rate. In simple terms ... when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it's a different kind of "soon", like immediately or tomorrow. OIL was at $61.53 when I did my last update. I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging. Do you know where OIL is right now? $66.26... BOOM!!!...GO RRRVVV..!!! This was taken from a site that follows Adam's opinions and posts snippets from them. See his whole chat @ Adam Montana 7 March 2021 *** Jeff *** Article: "The British Ambassador: Iraq will witness a great openness to the world". Why is he saying this? He knows that Iraq is on the cusp of going international again. That's why the pope arrived on Friday...He's telling you Iraq is preparing to open up to the world again. This type of information did not start coming forward until the [2/20 Saleh] article by the #2 man of the Central Bank. Saleh told you Iraq was on the brink of economic recovery... *** Jeff *** Article: "Mazhar Saleh: Iraq is on the brink of economic recovery" [2-20-2021] ...this is the new pattern of articles...putting an emphasis on changing Iraq's exchange rate. This new pattern...started roughly in the last two weeks...after this article...Saleh is the number 2 guy at the Central Bank...when he or the CBI talks that's when you listen...since he brought this to you...that's when you have seen all the new articles talking about adjusting Iraq's exchange rate going forward. It all started after this article almost exactly 30 days before March 21st. Patterns are very important. You want to pay attention... *** Mnt. Goat *** Article: "THE LAST PAGES OF SUBJUGATING THE STATE OF IRAQ...SUBJUGATING THE IRAQI DINAR" Quote: "...PREPARATION FOR THE NEXT STAGE, WHICH IS THE NEW GLOBAL ECONOMIC SYSTEM." So here it is said so let there be no doubt the purpose of what the CBI has done to temporarily devalue the dinar to 1450. Getting these notes out of circulation is needed in “preparation for the next state, which is the new global economic system”. In other words global IQD currency, the reinstatement. Do you need anymore proof? That's it for today Folks ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat*** Article: "LEARN ABOUT THE CRITERIA FOR REPLACING DAMAGED BANKNOTES IN IRAQI BANKS" Why this article and why now? The CBI is finally taking in these large scale stashes of banknotes hidden under mattresses and buried in the backyard. They need now to set standards of how they will exchange these not so good notes. After all this was part of the point of devaluing the dinar in the first place. They needed to get the people to realize that the US dollar is worth more than the dinar and so turn in the dinar for US dollars. They needed to really shake them up. The longer they hold on to the 1450 rate the more dinar stashes will come forward... *** Frank26 *** Article: "Punishment: Dollar speculation with corrupt banks cost the state a trillion dinars a month." Not anymore. We stopped the auctions and we got Iraq a little bit under control. Quote: "to restore the unfair decision agains the Iraqi economy to raise the price of the dollar and return it to its previous era." This translation ugh! But you understand don't you. To raise the value of the Iraqi dinar against the dollar and return it to its previous era...that's what Dr. Shabibi said would happen and that's what's happening. *** Jeff *** Since the start of the week Iraq has been finally putting an emphasis on their exchange rate. Article: "The Minister of Finance announces measures to support the effects of changing the exchange...and discusses the White Paper procedures" ...they're really now putting an emphasis on the exchange rate and moving it in the correct direction - raising the dinar against the dollar not the dollar against the dinar...everything is coming together right before us...we're in a great position. We just have to sit back, stay patient with it and let it happen... *** Mnt Goat *** ...they are once again moving ahead with the oil and gas and then the article 140 laws. These laws need to be legislated in parliament in the form of laws and then passed into laws. In 2011 the CBI told me that there was a mandate by the US and UK for Iraq to have a fully implemented constitution prior to reinstatement of their dinar thus getting out of the US Treasury OFAC sanctions completely... have they? *** Jeff *** One of the things we've guesstimated in this is that They would most likely change the rate specifically over a holiday...here's the next holiday in Iraq - Sunday March 21, 2021.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan *** I don't believe they'll go out and float it [the dinar] this early on [after rate change]. If they stick to having it fixed going into the future it will help contain the inflation... *** Jeff *** They [Iraq] are gonna have two sets of notes in circulation. They're gonna have large notes and small notes...two sets of notes will coexist together utilizing the same exchange rate...this is just an example. Let's say the rate is $3 - if the rate is three a 25 note is $75 after the rate change...a 25000 dinar note times $3 is worth $75000. Both the 3 zero notes and the smaller notes below 100 will have the same exact rate. They're not going to have different rates...you're in a great spot... *** Pimpy *** Article: "The Iraqi government expects a rise in foreign reserves of $4 billion by the end of February" this is a good thing...Quote: "according to the immediate office of the Prime Minister that the foreign exchange reserves of Iraq began to rise after it was threatened with collapse and is expected to increase by nearly 4 billion dollars by the end of the month..." *** Breitling *** [Question: What comes first - Does Iraq need to build their economy in order to increase the rate or does Iraq need to increase the rate first?] Iraq needs to increase the rate first to build an economy. *** Walkingstick and Frank26 ***...Iraqi bank teams (exchange departments of banks) are about to meet with those who are going to talk to them about the exchange rate changing. That's pretty powerful. This week that's when we think this is going to occur. The CBI will inform these banks a lot more on the date they gave them on which to raise the value of the currency. And more communication on how these CBI banks will deal with the citizens of Iraq - the new small category notes. The ATM machines. Opening new accounts. The new exchange rate, explaining it. All that stuff. *** Mnt Goat *** Article: "OIL DEMAND EXPECTED TO PEAK AND $150 PER BARREL PRICE EXPECTED" ...the price of oil does affect the budget and the rate at which the dinar will revalue at. Remember that there is going to be an in-country RV first as they proceed with the project to delete the zeros simultaneously and then later (much sooner than later) there is going to be a reinstatement of the dinar. So, there are two different rates to consider. We are outside Iraq and so the rate we consider is only at what rate the banks in our country will offer to exchange our dinar at. This bank rate will most likely be 2 or 3 times the rate offered 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. RON *** Pimpy Article: "Mazhar Salih: Iraq is on the brink of economic recovery" Yeah, just that quick. Magically what are we seven weeks into the year - we went from having huge deficits to now we're already in the recovery? ...it's almost already close enough to start slowly but surely rising the value of the dinar to its true value. That's just my opinion... *** Footforward I'm happy to exchange all of my dinar for anything over 3.50...catch it because it's going to be too fast...they make it sound like everyone caught a $9 rate on Kuwait dinar when in fact very few of any actually caught that outside of forex... *** MilitiaMan Article: "Parliamentary Finance Explains The Reasons For The Delay In Paying Employees' Salaries" Quotes: "salaries will not be delayed this month or the coming months and they are fully insured." ; "...the delay that accompanies the payment of salaries every month is borne by the Accounting Department at the Ministry of Finance for its reliance on old mechanisms in banking transactions..." This sure looks like there is a consensus in that they know a new mechanism is coming into play. Modern is not in the old but new mechanism. Well that to me suggest they are to pay in a timely manner with a new rate (mechanism) in the future. A mechanism applied in such a manner that fully insures payments will be on time and not delayed any longer. Thereby, we can deduce they have a digital system coming into play. Probably one that will interlink with not only internal transactions but, regionally and globally...imo. I like it... *** Frank26 If you go to a bank to exchange your dinars then they convince you - 'Would you like to deposit your capital gains in our bank? We have wealth managers who can advise you. We have may packages and many services. Would you like to do that?' And you say to them. sure...Banks in the the U.S. they insure you. It's called FDIC. That's the insurance to cover your money in case it's stolen, burnt, lost or whatever it may be. The insurance for FDIC is only $250k. If you cashed out 1 million dollars worth and you deposit it into their bank account you want to ask them how much of my currency that I just put into your bank is insured? If you deposit a million - three quarters of a million will not be insured. You may say 'so what." Trust me you want to insure your money... (Note: Speak to your financial advisors at the appropriate time to protect you and your family's financial future.).. *** Pimpy ...something is definitely happening... March seems to be the month. What "it" is I'm not 100% sure. I'm monitoring all the chatter amongst those who know and trying to get definite details that I can prove. All I know is there's a lot of scurrying going on and everything seems to be pointing towards the month of March. What it is I don't know and that's frustrating because even the people I rely on that do know - even they don't know. They just know something is coming up. I'm not trying to get people overly hyped or really excited. What I'm trying to say is we have no idea what it it is. It might be good it might be bad. I'm trying to find out for you guys... *** Jeff Article: "Mazhar Salih: Iraq is on the bring of economic recovery" ...He's the former number 2 man of the central bank...when the central bank talk that's when you listen...I told you from when Iraq completed that Borrowing Law they could change the rate at any time...they were walking you into the season of the rate change. This article confirms you're there...the rate change reduction...December 20th. What they revealed to you is they had a specific goal that had to be reached in a specific amount of time. That's why they had to do it on December 20th...they implemented a 90-day tool to reduce the note count in the country of Iraq to get the 3 zero notes out of circulation. They needed 90 days on that...for it to be effective and get more than enough notes out of circulation... *** Footforward [Q? : ...Why does everyone keep saying we will only have a short time to exchange?...] Iraq is not going to sit around forever to wait for these notes to come in. They want to get them in as quickly as possible. I believe the rate will be good... That's all for today folks ... be blessed ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "To the executive branch to the Central Bank of Iraq". Quote: "the new exchange rate is required for the Iraqi dinar towards U.S. dollar which is 1 dinar equals 1 U.S. dollar. That requires deleting the three zeros." That screws us by the way. Quote: "for example the 1000 dinar becomes the Iraqi dinar." In other words what they're saying, if you delete the zeros the one thousand dinar would be equivalent to one U.S. dollar. 1 for 1...that means my 5 million dinars turns into 5000 dinars and at a 1 for 1 rate I would exchange my 5000 dinars and get 5000 dollars. That's what's being suggested here...(Post 1 of 2).. *** Pimpy *** ...I don't mind a 1 for 1 rate but you definitely don't want them to lop off the zeros and devalue the currency that we are holding...we want the zeros removed off the rate. Quote: "...work in the future to return a new exchange rate each dinar equals $3 as it was previously." Not too shabby...I'm cheering that on. I don't like the lopping the zeros...don't get me wrong, I do want to make money off the Iraqi dinar...but I just can't stand to see an entire nation getting their ass ripped off by these global interest groups...(Post 2 of 2).. *** Jeff *** Article: "The Iraqi Parliament talks about the government's presentation of a "new budget" in the coming months" Iraq's telling us they're probably going to finish their budget by sometime next week. So if they're going to finish their budget why do they need to introduce the budget in the coming months? It's because they have the same exact fiscal year as Kuwait - April through March. This is more confirming information...I know this for a fact because I've reached out and contacted the government of Iraq. I have a contact in the government of Iraq that I'm able to talk to...everything is right on track and on time...we're looking good... *** MilitiaMan *** Articles: "The Kurdish delegation reveals the latest results of its negotiations with Baghdad on the budget"; The Kurdistan government confirms that a quasi-agreement has been reached between Baghdad and Erbil " It looks to me like they have a deal since 12/2020 and now seem to be hammering out past arrears. ...Looks like they have a new formula to use too. It goes to the thinking that a new formula is based of a future exchange rate differential. They will have to have be part of the electronic system at the borders to exclusively to the non oil revenues to the treasury. Sure looks like...a digital requirement... A level playing field... They sure seem to suggest that they will have this sorted this next week or between now and then anyway...We shall see...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** Article: "Al-Rafidain Bank Leaves The Seventh Item" How many times have I told you Iraq is Article VIII? Since January 2018 because that's when I told you they started using a second set of books...we have an article from the IMF that said very clearly that yes Iraq is Article 8 because we're allowing them to use "mechanisms" of Article 8 for their monetary and economic reform...(post 1 of 2)... *** Frank26 *** Quote: "Al-Rafidain Bank announced today, Thursday, that it has withdrawn from Article seven that was previously imposed on it...the exit decision came after fulling all the financial obligations to international financial institutions..." They're telling you they are not at a program rate anymore...this is stupendous. This is immeasurable...[this article] explains why they're not handcuffed anymore. It explains why they are article 8. It explains why they're international. Soon they'll explain why their currency is international because they lifted the 3 zeros...(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. RON *** Pimpy *** Article: "Saleh: High oil prices will push the government to prepare a supplementary budget" I already heard some of the gurus out there thinking that this is something to do with changing the rate...IMO nowhere on here does it say this would affect the rate of the dinar. One of the reasons why they have a lower deficit than they had before is because they devalued the dinar. So if they wanted to hurry up and be able to cover their budget you might not see a change in the rate of the Iraqi dinar... *** MilitiaMan *** Article quote: "An economist warns of a decline in the citizen's purchasing power as the dollar’s exchange rate continues to rise" ...a move to the private sector is upon Iraq...If not disaster looms... We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo... That is powerful. 0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar... Fairly sure that is the plan and the world knows it... As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc... All support the move and even a digital one...they are all involved in the architecture of the larger plan...imo... Unfortunately today there were cash sales: Total sale cash 200,000
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** The budget law is the key I believe to bring forth the new exchange rate. I don't know if the budget is going to have the new exchange rate. IMO the budget has a rider in it to be able to bring it back retroactive to January 1st. I do feel deep in my heart that this budget is highly involved with the new exchange rate that they are going to be coming out with. *** Footforward *** Article: "Iraq' 2021 Budget law to be approved this week..." Quote: "Iraq' 2021 Budget law is expected to be approved tomorrow Tuesday..." Which is good news. But I'm 97% sure that the new rate is not going to be in that budget and will come out in something shortly after the budget's released. It's not financial or investment advice that is my opinion. 2-2-2021 *** Jeff *** Article: "Parliamentary Finance meets with official from the World Bank" In the past they've never really had the World Bank and the IMF involved with budgets. The reason they have the World Bank involved with this one is because this budget is now linked to the rate change. It has reforms in it which the World Bank has financed. Because they financed the reforms they need to monitor what happens in Iraq financially because they have a vested interest...payments can only be paid back to the World Bank with internationally recognized currency.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan *** Article: "Sairoun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government" The reducing the price of the local currency is not going to happen again. 1182 Didn't work 1190 didn't work nor will 1460 if left with out deleting the zeros from the exchange rate. imo *** NORV *** [aka Kaperoni] ...there is no intent to redenominate the dinar...First it would take parliament approval, and second their would be no reason to encourage exchange and settlement among middle east countries (Buna) and eventually the world if they were planning to redenominate (LOP) the dinar. Not to mention, Iraq has had less than 3% inflation for the past 20 years. The plan for Iraq is like other middle east countries which is to diversify, create stability, employment and a private sector, foreign investment to improve the economy and create economic growth...only then the dinar can appreciate as a result. There has never been one indication that the IMF would support such an event, in fact they speak of allowing the currency to rise. Even the recent devaluation was not random, but an attempt to preserve the central banks reserves as well as meet compliance with the IMF. It is well documented... *** Jeff *** Article quote: "the idea of raising the price of the dollar is an international policy shared by the Ministry of Finance, the Ministry of Planning and the Iraqi government, especially the International Monetary Fund." ...since they devalued the currency on December 20th the World Bank and the IMF have been putting a big emphasis on Iraq bringing forth this rate change, get the reforms going and improve Iraq's economy... That's all for today folks ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article quote: "Today Sunday the World Bank confirmed that changing the exchange rate gives the state the ability to increase its revenue..." ...They are not talking about decreasing. They're talking about increasing...if they keep the exchange rate lower, imports are going to cost more. If they increase the exchange rate imports cost less... *** MilitiaMan *** Article: "Advisor to the Prime Minister: Creating new electronic payment cards that will enhance the advancement of services provided to citizens" DIGITAL MONEY!!! I seriously like to hear this. They told us about this... It is and was part of the plan of a level playing field. Get ready to be cashless than before. They told us there would be a smaller amount of currency in circulation. Well when they adjust the exchange rate accordingly they will need less cash. As it will be worth more...imo *** MilititMan *** Article: "Al-Yasiri: The Central Bank's initiatives have contributed to employing the unemployed and moving stalled projects" Quote: "the aim of changing the exchange rates is to support the Iraqi product in competition with imported products...He explained that "some sectors will respond immediately to this change..." I would have to agree that the response will be immediately. They change the exchange rate and the markets respond in like kind. And in a big way. Contracts will require it!!! imo.. The news is off the charts good...the way they are talking today and yesterday. Comprehensive development process have been on going and we are now finally see the fruit of it all! imo *** Footforward *** ...Based on my "opinion", 3.18 makes more sense as a date then it does as a rate. In my "opinion" the rate "can't" be that low. That's not financial or investment advice. My opinion (again not financial or investment advice) is that the dinar has to be over 3.50.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra *** Article: "Finally, the 2021 budget is ready for approval in Parliament" Quote: "the Parliamentary Finance Committee will, next week, distribute copies of the revised draft of the Maronite law to the heads of political blocs 24 hours before the date of the voting session on the budget law." The source pointed out that "next Monday is the day set for resuming parliamentary sessions and voting on the budget law." So, IMO, BIS requires at least 24 hours notice prior to any formal rate change within all CB's around the world. They, in turn, relay that information back to all the CB's globally. Now, if you read what I just posted the final "draft" will be sent...24 hours prior to the vote. Interesting timing. This may be something, maybe nothing, but it sure falls in line with rate before budget. They are to vote on Monday as Tuesday is their "last day of session!" So, timing is sure unique and allows the ledger to reflect the rate change retroactively back to Jan 1. Again, IMO. *** Jeff *** Article: "Shocking parliamentary warning: The dollar may rise to 500 thousand dinar" ...this is not even from the Central Bank...this article is pure trash...Anytime financial information is put out in the news if it's not from the Central Bank I would be very careful trusting it. Be careful trusting only one single article... Article: "Parliament intends to reduce the dollar exchange rate in the budget". Here's what they're really going to do...they have to. Their inflation is rising and they have to bring it down. *** Adam Montana *** [Q" : Do you think Iraq will go to a digital currency? And Do you feel it will happen at the same time, before or after the rv?] Eventually, yes. After. The timing for an RV is good now. The timing, technology, etc for converting to digital isn't quite there at the moment. Taken from another site that follows Adam and posts snippets from his chats. See Adam's full chat on our DV Chat Logs forum at: Adam Montana Weekly 27 November 2021 *** Bruce *** ...what we are looking for them to do is to do a final vote...of the budget - AND…the HCL...The HCL is the Hydro Carbon Law - it’s the Oil and Gas Law...the law that takes percentages and attributes the percentages to the region of Kurdistan and the rest of Iraq and Baghdad...they are going to vote on is a final vote on 2021 budget and the HCL on Monday...but to be able to do that they have to have a new rate on the Iraqi Dinar before the vote...one of our individuals that lives in Mosul...said that has to happen before Monday – well guess what? The first business day for Iraq is Sunday – my gut is they will have that new rate on Sunday...the timing is interesting as far as the vote on Monday – Remember – we do have a group of people over there in Iraq to help them finish this – and give them any additional help they need regarding the reevaluation of their currency – What is it going to come out at? I don’t know exactly – I know it should be really good – along the lines of what Dr Shabbibi said it would be – back in 2012... We shall see, but I think it's unlikely...RON *** Jeff *** They'll have the budget done by mid-February. That's all that matters. The exact timing of this has nothing to do with the rate change. Even if they complete the budget in a week or two it has nothing to do with the timing of the rate change. The rate change will have everything to do with the timing of their fiscal year...Iraq is walking in Kuwaits footsteps...Don't forget Iraq kind of already gave you the rate change date - when they devalued the currency on December 20th. That was a 90-day tool for the rate change...to reduce the dinar note count and get more 3 zero notes out of circulation within the country of Iraq...you guys are in the best spot you've ever been in. We're looking really good...
