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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 Guru Clare Article: 'Approaching official'... Sudanese advisor reveals steps to reduce exchange rates in the parallel market" Quote: "He stressed that "there is a clear trend and encouraging beginnings in which the parallel market has begun to approach the official exchange market" MarkZ ARTICLE: “Vietnam pushes the Us to grant them market economy status” This could lead to the increase of the value of the Vietnamese dong. The US state dept has called upon Vietnam to raise the value of their 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... So, take everything with a grain of salt ... RON Frank26 If I was the CBI I would tell all my children that I'm going to give them pictures of the new small category notes that are about to come out...If I was the CBI I would not give them the exchange rate and the new currency together...the last thing we need is mass confusion ...If I was the CBI... Last Tuesday and Friday I would have told all my children, all my banks that within the next week or so to be prepared ...If I was the CBI I would say the next phase in the monetary reform is to make sure everybody outside of Iraq understands that we are about to retrieve our 3-zero notes...Iraqi citizens are already being told to do this. Militia Man Article Quote: "Iraq is better off now every than it's in its financial history." Even at a program rate, even at where we've been and what we've seen the central bank has probably done the job that they said they were going to do...Bottom line is Iraq has reserves...gold..more natural resources found, probably proven or probably...That is huge. MarkZ In Iraq we are being told “Denomination specimen sheets” are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations...If Iraqi banks are indeed doing this…we are awfully close. Clare Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote: "All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history." Walkingstick [Iraqi Bank Friend Aki update] Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!' Pimpy Is it possible the exchange rate of the Iraqi dinar increases and for whatever reason we can't benefit from it over here in the west? ...I want to make money off the Iraqi dinar but not at the expense of the Iraqi people. The thing that's most important is that the people in Iraq prosper from this, they've been suffering a long time...As far as the people in the west not getting a taste of this wealth, the only thing I can think of is the exchange rate changing and for whatever reason Iraq is still on sanctions so we have a hard time finding a place to exchange our Iraqi dinar because a lot of people aren't going to have the money to go fly elsewhere to exchange...That would be a scenario I think that could play out... Frank26 [Georgia Trust Bank story follow up from last week] BANK VISITOR: The lady I was supposed to be speaking with was out with the flu... [A new financial advisor] calls me and honestly it was a little confusing because the guy...acts like he didn't know anything. In fact...he said...I'm pretty sure this is a hoax. FRANK: First recording [story]...the lady says we know, we're preparing. Here is at the same bank with another officer that says [the opposite]...The same bank, you had people that know what's going on and then you have another person that doesn't know what's going on. One gives positive information and one gives negative information. They're both from the same source. That's the problem with a speculative investment. The evidence is out. It's not a secret... Mnt Goat ...I talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates..[Post 1 of 2 Reposted] Mnt Goat ...the rate will be whatever it is in the QFS system when the time comes to reinstate it. This will be the starting rate. All they need to do is bring it over to FOREX by mapping it from the QFS. It is a simple process. It will most likely be around $3-$4 when it does come out...Yes, when the IQD rate does come out, it could vary but only a drastic change in the price of oil will affect it. However, the projection is for the price of oil to hover around $70-90 this year which will still produce an IQD rate well within the range we investors want..[Post 2 of 2 Reposted] Hope this is true...! 👍
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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: "8 Iraqi banks banned from participating in the window of buying and selling foreign currency" Eight banks were banned from the currency auctions...My guess is they got caught taking money over to Iran. That's usually what happens. Henig Reuters Article "Iraq bans 8 local banks from US dollar transactions" Quote: "Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official." Samson Article: ”Document... banning 8 Iraqi banks from participating in the foreign currency buying and selling window" MarkZ A lot of news coming out of Iraq this weekend. A lot of it about Iraq’s economic prowess. They are now ranked the 7th central bank in buying metals. Think about that. They are not in the G7 or the G20…but they are the 7th largest purchaser of gold bullion. This is amazing. They also point out that their oil revenues are now surpassing Saudi Arabia in exports to the US. There are a number of articles pointing out how financially secure is Iraq. To me this is a precursor to a change of value in their currency. Frank26 IMO this week they're giving the government of Iraq everything needed to fund the budget. The Central Bank of Iraq has finished with all its meeting... with all of its meeting with all of the people that are part of the monetary reform. All of the contracts are also in position, waiting for this to happen as well. Pimpy I'm sure by now you've heard already the United States is striking more targets...What we don't want to see is things escalating. There was an emergency meeting called to figure out what it is Iraq wants to do or needs to do. What we hope is their decision is not to enter into a conflict with the United States.
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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 Where do you exchange your currency? It's going to be at your local [bank] branch. There are no redemption centers. Some places won't charge you fees depending on how much. Some of them have a flat rate. Frank26 How many times have we heard words electronic payment platform? ...We keep hearing it constantly because that's the phase that the monetary reform is at right now. It is preparing the vehicle where the dinar will get into it and drive out of the country domestically into an international market that will increase the value of the Iraqi dinar based on supply and demand... Sandy Ingram These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake. First: Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value Second: Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar. Thirdly: A sudden and significant increase in their currency's value could adversely affect their exports and trade balances. It could also lead to inflation...Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation. [Post 1 of 2] Sandy Ingram Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. [Post 2 of 2] Clare Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote: "...The financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed indicators of the efficiency of foreign reserves, while confirming that they indicate that Iraq today is better off in its financial history" Pimpy What they're trying to do is a study of the deletion of the zeros. They're trying to figure out how this is going to affect Iraq, to make sure they are in a position to go ahead and remove the zeros off the Iraqi dinar - currency, not the exchange rate. Because once they make that decision...the citizens are going to be a little confused, there's going to be a slight interruption to the economy and to businesses who have to change all their bookkeeping as well as prices throughout Iraq...You need to educate the Iraqi people about what's going on...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ ...News coming out of Iraq: Article: “Contract signed for new residential city near Baghdad” Will include more than 100,000 units. They are busy working on housing for their people. This is a large scale project worth big bucks…. How are they going to pay for it??? Walkingstick [Iraqi Bank Friend Aki update] Aki's orders for the month of January 1st to 31st were to establish all the electronic stuff for the monetary reform, to send the IQD internationally either via 1. a basket in a float 2. Stock Exchange. 3. Global supply and demand. Aki's role is strictly in three phases as well and he is ready. 1. Collect the IQDs for destruction by the CBI. 2. Exchange 3-zero notes into American currency. 3. He will not issue lower denoms. It is mathematically impossible... Militia Man Article: "Postponing Electronic Application for Housing Funds" They told us they were going to build hundreds of thousands of homes. They were going to have loans ready for them but they decided to postpone it. Quote "...until new mechanisms for getting loans is approved...' What's that about? You were going to open up for loans for hundreds of thousands of housing units but you posted it for a 'mechanism'. What's their definition of mechanism? They don't say but we have to think - Writing up a mortgage at 1310 exchange rate and that changing the next day creates a problem...They need to know how much.
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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 Mnt Goat Article: "THE FINANCE COMMITTEE RESPONDS TO THE US SANCTIONS: LET US SELL OIL IN CURRENCIES OTHER THAN THE DOLLAR" Quote: "Imposing sanctions on Iraqi banks would undermine and obstruct the steps taken by the Central Bank to adjust the stability of the dollar exchange rate and reduce the selling gap between the official and parallel rates." ...the TRUTH finally comes out. This is what is causing the inability of the CBI to take the necessary steps to adjust the stability of the dollar exchange rate? ...if they the CBI did this diversification it would adjust the parallel market rate very quickly and then…..
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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 The month of January...was a month...to implement...restore...complete, the monetary mechanism that's being used to add value to the Iraqi dinar. That's what I sincerely felt January was about. Militia Man We all know the progress is amazing ... Article Quote: "Central Bank Governor says, we prevented banks and companies from obtaining the dollar and the work on the electronic platform will end during the current year." He didn't say at the end of the year. He said it's going to end during the currency year...The electronic platform is where you get the dollar that goes to the parallel market which is smuggled out of the country... He's going to cease that. Could that come any time? That very well could come at any time because tomorrow is during the current year...I believe Alaq is on a mission. Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done... Sandy Ingram Reuters Article:"Iraq's Kataib Hezbollah says it suspends attacks on US forces" -"Iran-aligned Iraqi armed group Kataib Hezbollah announced on Tuesday the suspension of all its military operations against U.S. troops in the region, in a decision aimed at preventing 'embarrassment' of the Iraqi government, the group said."
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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: "Advisor to the Prime Minister: The financial situation in Iraq is stable and sound" Quote: "Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, that the future outlook for the financial situation in Iraq is stable, while indicating that oil market indicators are still more than 10% above the price specified in the budget until now" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Big campaign to get citizens to trust the Iraqi banks starting today. FRANK: This is the last part of the monetary reform education. Congratulations! Pimpy You've got people all going, yeah man this next budget they're going to increase the value [of the dinar] when they're now talking about possibly devaluing the Iraqi dinar. That's not set in stone but it's something they're contemplating. I'm not saying they're going to do it. I'm just saying it's on their mind. It really depends on how far down oil prices drops. MarkZ [RUMOR] My Iraqi contacts have said that the CBI has sent the new rates to the government. So the rumor is the CBI has released the rates to the Iraqi government...I have heard similar things from US bankers - that all rates are now set and fixed. So imo it’s “any moment” A number of contacts are still remaining silent because they have signed an NDA. We shall see...! Although I doubt it very much. No one would telegraph such information. RON
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "The Iraqi judiciary and the US Treasury discuss sanctions on Iraqi people and companies" THE US TREASURY HELPS THE CBI CLEAN THE FLOOR Quote:"The two parties discussed the legal measures and sanctions issued by the US Treasury Department (OFAC) regarding Iraqi people and companies." Militia Man You're not going to LOP your currency. You're just not going to do that to your currency...Elementary school math will not allow Iraq's budget at 1310 to do any of this [Investments, reforms, reconstruction projects etc.] Walkingstick [Iraqi Bank Friend Aki update] This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment. tlm724 Article: "The Bank Of Jordan Links Iraq Through An Electronic System With Four Arab Countries" Quotes: "...Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq."; “...and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services.” MarkZ Article: “The US Treasury requests Iraqi cooperation to limit funding for armed factions” This is all part of what’s going on as Iraq cleans up. And yesterday - again in Iraq - they started openly talking about the exchange rate and the value of the dinar.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Paulette The issue I still see is in order to peg to a basket of currencies, they would "officially" have to depeg from the USD. While I have yet to see the US relinquish their receivership status over Iraq and the fact that the US is desperate to try to keep the USD propped up, I am unsure the actual mechanism of how they will be allowed to depeg and then repeg. It seems like receivership would need lifted first for that kind of move. Pimpy As long as they keep moving forward like they’re doing there’s no reason for it not to, IMO, go up in increments… Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani is not playing games with anybody. It looks like he's working hand in hand with the US Treasury...Television now shows Rafidain Bank doing investigations on smuggling of the dollar...There's no end to the amount of corruption... FRANK: Your corruption is amplified by Iran...that's why you have not had the new exchange rate or lower denoms...but it is really being curtailed...controlled...Pay attention to the leadership in your country removing the corruption... Clare Article: "Romanowski regarding the US Treasury’s visit to Iraq: enhancing cooperation between the two countries” Quote: “The United States and Iraq share the goal of supporting a sound and strong financial system in Iraq, which will attract investment and ultimately benefit the Iraqi people." She added: "I am pleased with the visit of US Treasury Undersecretary Ryan Nelson to Iraq, stressing that this visit has strengthened this important cooperation." Samson Article: "The chief US sanctions official is in Baghdad to curb dollar smuggling to Iran"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The US Treasury includes an Iraqi bank on the sanctions list” Quote: “On Monday, the US Treasury Department included the Iraqi Al-Huda Bank on the sanctions list, as a source of major concern regarding money laundering because it “acts as a channel for financing terrorism by Iran.” MarkZ Article: “Burhan Nassir Mohammed Al Namral sworn in as Iraq’s new Parliament speaker” This one is important. It has been rumored in some circles for a few months that he was a stickler for moving forward with the white papers and rate change. I’m taking this as a good sign. Samson Article: "Senior US Treasury official travels to Iraq to counter illicit finance" Fnu Lnu They do not have a massive amount of Dinar with which to deal. Small incremental increases of value over time will guarantee failure and all the many billions of dollars spent, and man-hours wasted will for naught. It is more likely they will come out high on the exchange rate and let it fall until it finds equilibrium instead of creeping upwards in 2% measures every 90 days over decades. Meanwhile everyone loses faith in the GOI, riots, and starves to death. Small increments over time makes absolutely no sense and is illogical. Frank26 [Georgia Bank Story] BANK VISITOR: Today I went to a bank called Truist in Georgia...I asked [the financial advisor] you mind if I get a minute...I'd like to ask you a few questions? She said Yeah...I said I've been banking with this bank a long time...Have you heard of the Iraqi dinar? She got quiet...She said, well I know there are things happening in Iraq...yes...I can't really tell you anything but if you want to ask me some question I'll be more than happy to answer... FRANK: Bingo! BANK VISITOR: ...Are you guys going to be exchanging the Iraq dinar? She said, well we will not be exchanging the Iraqi dinar but we will take it and send it off for you to have it exchanged. [Post 1 of 2] Frank26 [Georgia Bank Story cont.] BANK VISITOR: I said, I don't know I want that to happen without knowing who that might be and she said, I can't tell you, but I can answer your questions. I said, well is Chase Bank part of that? She said, yes. I said, What about Bank of America...? She said yes... FRANK: The answers she's given you IMO are spot on. Did you ask her if they're going to have a fee to exchange? BANK VISITOR:Yeah...I said, if I was to exchange here what is the fee you would charge me...? She said...from my understanding there will not be a fee for people especially of a certain caliber. FRANK: Bingo! BANK VISITOR: She said, but we can discuss that more at an appropriate time...probably not too far in the future. [Post 2 of 2] Pimpy Guru Nader question: “People are going to lose money if they change the 25000 for 25…If…I get 25 dinars that means I’m gonna go to the bank, if it go 3 to 1 that mean I’m gonna have only $75?” I told everybody that is a possibility. Doesn’t mean it’s gonna happen but I’m saying this is what people should at least be prepared for…There’s a possibility they delete the zeros and then change the 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... So, take everything with a grain of salt ... RON Mnt Goat Article: "NATO CONFIRMED TODAY, TUESDAY, THAT IRAQ IS A REGIONAL LEADER IN THE REGION AND IS TODAY MORE SECURE AND STABLE" Quote: "...the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today and stability." This was nice to hear that they believe Iraq is SAFER and STABLE. This is what we need.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy People are getting confused…When they delete the zeros, they’ll change the currency. It’s not the exchange rate. That’s where the confusion is…If I have a 25000 dinar and I delete the zeros, now I have a new currency that comes out…They have the same value. The nominal value is a number...25000…the new one says 25, but the exchange rate between these two currencies stays the same - 1 to 1. What they’re saying is the 25000 dinar has an equal value of the 25 dinar. That goes on for a little time until people trade in all the notes. They’re not talking about against other currencies. You're talking a LOP, Pimpy - they don't have hyperinflation, that's when a LOP is used. Nader From The Mid East Algeria is big and has a lot of assets but they have a lot less than Iraq and their dinar is stronger than Iraqi dinars. If you look a the Tunisian dinars, Tunisia has nothing...and their dinars are 3 to 1 - Three dinars to $1. My point is these people has nothing. They're coming out a revolution. They is a mess. It's completely a mess. They lost a lot. The private sector is a mess and it's [their dinar] is still strong. Iraq, this rate is still a punishment rate...They have to revalue. If they revalue they're going to revalue 1 to 1. Walkingstick The electronic platform that Aki's bank is doing are being done in all the banks around the world linking up to the CBI. The citizens from here to there, Visa/Mastercard, all these accounts, this is a big deal...This is the door that is opening up for the Iraq dinar to float. MarkZ Question: Are rates showing up on US bank screens? Mark:...I have not personally seen them show up on the tellers screens yet ...But there are reports of tellers showing people the rates. Samson Article: "With a growth rate of 150%... taxes announce an increase in their revenues to more than 4 trillion" Quote: "Baghdad The General Tax Authority announced, on Thursday, that its revenues had risen to 4 trillion and 500 million dinars within 8 months..." Frank26 Question: "Do you think they'll come out with a sucker rate?" I don't care if it's suckered or not! Give me a rate! Give it to me! Make it international! Let it go and they'll float it up. Give me $0.10 I don't care.Me too...!! Militia Man An investment budget it's not going to work at 1310. They don't have enough dinar to do that...The project is to delete the zeros off the exchange rate. Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently. The world knows that. WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...
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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 Mnt Goat ...the hot topic in the CBI, as my contact told me...is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. I asked my contact why the past plan to end this crisis has not yet ended it? I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down. [post 1 of 2 Reposted ] Mnt Goat I then asked about the “basket of currencies” we been hearing about to re-peg the dinar. I was told this is coming but they can’t peg the current in-country rate until they resolve the parallel market crisis and move to FOREX. This is exactly what I wanted and needed to hear. This falls directly in-line with the 2011 Dr. Shabibi plan I have talked so much about already. So all is very good in my eyes as far as this process goes. [post 2 of 2] MarkZ Article: “US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value. Pimpy Iraq has a few more things they really have to fix. Taxation [and] their tax system in general. In addition to that they have to learn how to balance a budget...Balancing their budget, fixing their tax system would go a long ways in Iraq.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat ...the hot topic in the CBI, as my contact told me...is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. I asked my contact why the past plan to end this crisis has not yet ended it? I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down. [Post 1 of 2] MarkZ Article: “Urgent- The foreign ministry announces the success of the Iraqi-American negotiations on the presence of coalition forces in the country” This has really been some kind of week over there. Years ago Trump told us the troops would leave when Iraq gets revalued and we get paid.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “Instead of Romansky Bide nominates new ambassador to Iraq” This one is important as the ambassador heading over there also oversaw Turkministans revaluation not long ago. She is renown for helping financial reforms in countries. I don’t know if they are getting ready to let Iraq go its own way or not. But it appears to be a key move at a key time with a key person. Clare Article: "The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023” Quote: "For the year 2023... its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%...The bank's profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars” Militia Man Germany had a marshal plan. Japan had a marshal plan. Iraq to me is a Marshal Plan. What does that mean? It means after the war they're going to rebuild the country. After Germany, rebuilt. After Japan, rebuilt. And what did they become? Economic powerhouses ...Is Iraq going to be the economic powerhouse in the Middle East? ...That's what it looks like. Who helped them get there? ....United States of America...United Kingdom...Canada...Japan...Korea, everybody... Samson Article: "Washington's message to Baghdad: Economic support will disappear after the withdrawal, and there will be no negotiations before the attacks stop"
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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: "Instead of Romanski, Biden nominates an extraordinary “new” American ambassador to Iraq" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saying 9 Iraqi officials arrested for extreme wealth from corruption. FRANK: Sudani is going all out...this is amazing...You're busted! Kaperoni Delete the zeros. This is not what we want to happen. Deleting the zeros is a redenomination LOP.
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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 Iraq is going to use the dinar as of January 1st for commercial use, not the dollar. If they get rid of the dollar or they cease the auctions or they apply the delete the zeros project you can see where all of a sudden the parallel market/illegal market is going to go bye-bye. Pimpy One of the key economic factors Iraq has to take in consideration if they're going to decide to delete the zeros or change the exchange rate...Inflation... Iraq is where they need to be. They need to be between 2% and 4%...Iraq is in a good position as far as inflation is concerned... Samson Article "Washington: We will move to a sustainable security situation with Iraq" Sandy As investors we have a vested interest in the country's we-being... [US Pentagon Official Statement about Iraq quote] "Let me be clear, the HCM meeting is not a negotiation about the withdrawal of US forces from Iraq. The Untied States and the coalition are in Iraq at the invitation of the Iraqi government to fight ISIS. Our Iraqi partners have assured us of their commitment towards working together to shape this future on US military presence and the enduring defeat of ISIS." MarkZ Very quiet out of Iraq...and quiet on the banking side. Question: Is this weekend a possibility? It is definitely a possibility. Kaperoni Article "US and Iraq agree to start talks to end presence of US-led coalition"
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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 Mnt Goat Remember again this is not all about us investors. It is about the Iraqi people and their lives. We will only benefit too because we helped invest our money in Iraq in their time of need... I have never seen such a rate of progress since the end of the wars in 2003 when I entered this investment. From Midnight Last Night Frank26 Article "Parliamentary Finance: We are close to ending the phenomenon of “parallel markets” and prices are heading to decline" You guys are running out of ways telling the citizens that they're about to get their new exchange rate...Next week the CBI has a meeting on this very subject! Militia Man They're working currently underway to end the so-called parallel markets. Article Quote "The dollar will not be exchanged except at the rate approved by the Central Bank of Iraq.' The office exchange rate, give 10 to 20 points one side or the other of that 1310. Quote "The parallel markets will gradually decline and cease over the next few days." I'm fairly certain if they apply a Real Effective Exchange rate, gradually is going to be a thing of the past. But we'll see how it works out.
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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 You don't have to change your exchange rate in order to be in the World Trade Organization. Vietnam is in the World Trade Organization and they have a crappy currency...It's not mandatory for you to change your exchange rate. They can go in with a program rate. Paulette If they are truly heading to a simple 3 decimal space move on their exchange rate and...they are heading to 1.31USD to 1 IQD, they would have to make another move first to 763.4 from 1310...As of now, a simple decimal move of 3 places would mean 1310 IQD to 1 USD would become 1.310 IQD to 1 USD or 76 cents per IQD... Samson Article: "Parliamentary Finance: We are close to ending the phenomenon of “parallel markets” and prices are heading to decline" Frank26 There are three things that the Davos meeting was demanding that they do. 1. Do you have liquidity to back up your currency? Yeah, they showed it. 2. Do you have supervision/overview of your monetary reform? That's why the United States Treasury was explaining and then the IMF. Ok good. 3. Can you monitor your banks? ...Yeah. That is good enough with us. You are Basel 3 compliant...This is huge. MarkZ Question: Do you think it is still possible that things go this month? Mark: I think it’s possible. I am hopeful we will at least get announcements this month …even if we have not yet made it into the banks.
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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 The oil for the [??] Port hasn't left yet, salaries payment hasn't been paid yet. One thing leads to another, that leads to what? A Real Effective Exchange Rate. I think that's where we are are. I think that's pretty self-evident... Pimpy Article: "Urgent: Iraq receives an important message from America. And the Sudanese are studying it to respond" Not only did they not tell us what was in the message but they're letting us know that an important one came across...I'm sure it's really serious...We need Iraq to stay stable and secure in order for their economy to grow, in order for outside investors to get involved, in order for them to strengthen their dinar, before we ever see an exchange take place...
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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 Mnt Goat Quote from Deputy Prime Minister and Foreign Minister Fuad Hussein: “Iraq’s endeavor to occupy its natural position in the region and the international community”. ...Part of what it means for us investors in the dinar is to realize that when they mention international community, they are talking global...liberating Iraq from the war years. It is a FACT they cannot operate effectively in the global arena without a tradable currency on the currency exchanges, such as FOREX. Iraq is also at the sheer brink of a final announcement into the World Trade Organization (WTO), which we know they want back their dinar in the process...I believe that when you put all the FACTS together you can clearly see where they are leading Iraq and it is down a very nice road of prosperity and abundance... MarkZ We keep getting positive news. Over the last 2 days in Iraq I’ve seen about 4 articles pushing to remove the US. And about them executing their white papers or economic reforms and restoring their exchange rate. To me “restoring” is to put it back the way it was. Right? And restoring it back to its former glory when it was one of the most valuable currencies in the world. So, to me that would mean at least $3+...If you do the math $3.22 in 1991 and adding in inflation would be a rate of around $7.25 today. Wouldn’t that be something. WOW
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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: "UN staff on 1.5 billion Iraq aid project demanding bribes" Quote: "Whistle blowers allege large sums are being lost to corruption in Iraq..." This is exactly one of the issue Iraq has to tackle and we know they're working on it. MarkZ Question: What’s the impact of Iraq joining the Bank of international Settlements? Mark: It’s their acceptance and elevation to the World Trade Organization and all the other organizations they were removed from when they were sanctioned many years ago. These sanctions are quickly all going away which means they will be able to reinstate or revalue their currency. It is just one more clear indicator of how close we are getting. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars. They stole over 1 trillion dinar...individuals arrested and groups have been stopped. FRANK: The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally... Militia Man Revenue streams are increasing. They're promoting the private sector which is going to create thousands and thousands of jobs...These 10 cities they're going to build it's going to be a lot of construction. They're not going to do that at 1310. If it costs you 1310 dinars for every dollar for every screw that might cost a buck a screw. Try to build a country with 1310. It's not going to happen... Kaperoni The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see. Sandy Ingram [The Development Road Project] is major, let me explain why - This is going to change ports of call and the international shipping routes...The Suez Canal route is 6,400 miles, 14 days and cost $4.5 billion per day...The Development Road Project is...only 745 miles...That means the costs drop dramatically if you put the shipment on trucks or rail...Once you get into the Mediterranean Sea you can deliver your shipment to anywhere in Europe. That is the importance of this Development Road Project... MarkZ Comment: Are we expected to get notifications Friday morning? Mark: That is definitely the rumors running around. Let’s see if it pans out or not. Clare Article: "Reconstruction: The year 2024 will witness the completion of ninety percent of the first package projects” Paulette The basket of currencies is what they intend to peg to instead of just pegging to one currency - the USD...This is what the CBI and the GOI has stated...If they are pegged to just one currency, if the value (purchasing power) of that currency drops significantly, so does the value (purchasing power) of the IQD. If they are pegged to a basket a currencies, if one drops the others keep the IQD "propped up". This is extremely important to Iraq as they are predominantly an import country. This is precisely what they stated years ago...Bottom line, the pegging to a basket is to maintain the purchasing power and stability of the currency and not a singular event to increase the IQD purchasing power. Frank26 What happens when there is a demand for a specific supply? It runs out quickly. Or it goes up in value quickly. The simplest thing, toilet paper, became so valuable when the covid hit us...If I was Sudani I'd give the lower denoms and the new exchange rate and instantly the dinar goes into a basket with other currencies around the world to float. The definition of supply and demand is going to take that float to the REER (Real Effective Exchange Rate). How are they going to reach the REER? By supply and demand.
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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 Big push...They are finishing the reforms...But one of the things they need...is an international currency exchange rate. They haven't started pumping oil to the Cyan Port yet, why? Because they haven't had a customs valuation yet. Why haven't they gone to the WTO just yet? Because the WTO is going to need what? Valuation. What did they say they were going to bring in the short term? The customs valuation with the WTO...They need big movements. They're going to need a Real Effective Exchange Rate. 1310 is radically different than what I believe a Real Effective Exchange Rate is. Paulette Community Comment: "IMO- CBI official rate 1310. 1 USD ~ 1310 IQD = 0.000763. Drop the three zeros. 1 USD ~ IQD 0.763 = 1.310 IQD/1USD" I don't believe .76 USD for one IQD (1.31 IQD/1USD) would be adequate for the Iraqis to want to abandon the more valuable USD...The MOP/MOI study all the way back in 2009 stated 1.14 - 1.18 USD to 1 IQD to start for 3 years prior to reinstating the true value of 3.22 USD per 1 IQD. Fnu Lnu Article: "The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency." Quote: "The decision came after officials from the Central Bank of Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai." As of last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar. It appears the UST is helping Iraq to stabilize. The Dubai meetings concluded with praise for the bank's strategies in reducing dollar transactions in the local market. Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt. So why haven’t they? Are they stalling for some reason? Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms. FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed. MarkZ Comment: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF? Mark: If you correct the VND back to its old value, it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations. Pimpy When people say they have to be article VIII compliant, they have to delete the 3-zeros, they make it sound like it's a mandate. They don't have to delete the 3-zeros. It's idealistic if they do but they don't have to delete the 3-zeros...No where does it say it's mandated. Clare Article: "Dollar prices decline in Baghdad and Erbil with the closure" MarkZ There is an enormous piece of news...Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS). “Central Bank and Monetary Authority Websites” ...In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom“ in the World Trade Organization. To me this is a big one.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Iraq is again discussing the change in dinar value openly. This makes more than 4 articles etc…in the last week. They are expecting a major change in the valuation of their currency soon. Also still talking about pegging to a basket of middle eastern currencies in order to compete with the US dollar. Also in the news there seems to be big happenings in the Iraqi currency auctions. Bringing in much more dinar. They are making all the moves we expect to see just before a revaluation. They are telling us it is coming… it is very clear how close we are. Clare Article "Parliamentary Finance Committee: A surplus of more than 10 trillion in the 2023 budget” Quote "The total revenues of the Iraqi state, as of November 2023, amounted to more than 121 trillion dinars, while expenditures amounted to more than 110 trillion dinars, which means there is a surplus of more than 10 trillion dinars, according to the Iraqi Ministry of Finance. Frank26 For any Iraqi that lives outside of Iraq they will take advantage and exchange their 3-zero notes for American dollars. The monetary reform is getting louder and louder everyday and very direct. There is no confusion. There's no need to wonder when it's going to happen because they're telling you it's happening. IMO the lower denoms, new exchange rate and the float in the basket is the next phase of your monetary reform...Prime Minister Sudani is bragging about it right now...
