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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 Central Bank announces the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand dinars” Quote: “the central bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the issuance and treasury department is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take action The decision to print or not to print..." Frank26 Article: "The Central Bank announces the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand dinars" THIS IS MONETARY REFORM EDUCATION TELLING THE CITIZENS WE ARE REMOVING THE 25K, INTERNALLY & BRINGING IN THE 20K, WHERE EVENTUALLY 3 ZEROS WILL BE REMOVED & ADJUSTED WITH THE NEW EXCHANGE RATE. MarkZ They have record amounts of reserves. Record amounts of money and record amounts of assets…and they are telling us the currency rate will soon parallel that To show its true value”...

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: ”The U.S. Senate voted overwhelmingly...to push forward with legislation to overturn two decades-old mandates to wage wars in Iraq as Congress seeks to reaffirm its role in deciding to send troops to fight...The vote ended with a score of 65 to 28, more than the necessary 60 in the 100-member Senate, paving the way for a vote..." Pimpy Q? : Is the IQD on life support? Yeah it is...Currencies around the world are being crushed right now by the US dollar. That's a fact. Not to mention the fact that on the open market/black market rate...at one time was 1750 dinars. It dropped down to 1500 which is a good moment but...1300 dinars for every dollar is the official rate. I think one of the ways to combat that would be to continue to increase the value of the IQD. Move it from 1300 dinars for every dollar down to somewhere around 1050 dinars for every dollar. It's a huge jump. It's big. It's not small. That's big.

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 In the final stage, what we're expecting is the education of the citizens. On the street we're hearing that the citizens have been told about new things that are coming and it has to do with their currency. Not money but currency. Clare Article: "Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement" Quote: "Salih reassured the Iraqis that Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, which gives strength to the Iraqi dinar... The central bank's reserves today are around $115 billion, which is the largest reserve in the country's history." Frank26 Early summer of last year I started to tell you, you needed to start paying attention because...they are about to tell the Iraqi citizens everything about the new small category notes...back then...I said there wouldn't be any coins right away...UPDATE! UPDATE! ...it turns out the coins are coming out...what did you see this month? Articles about coins ...this is the month of March where they are educating them IMO. In the month of April IMO is where they are going to show them...new small category notes, with a new exchange rate and coins.

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: "MINISTER OF TRANSPORT: THE GOVERNMENT’S VISION ASPIRES TO TRANSFORM IRAQ INTO AN INTERNATIONAL TRADE CENTER BETWEEN ASIA AND EUROPE" ...I told you that Iraq is going to be a huge clearing house for the middle east between Asia (China) and Europe (EU). So here it is now in black and white from their own news media. Their words not mine…. No Rumors, No Hype, No Opinions...Just the FACTS! They can not possible continue with this approach with a program rate and not being an internationally traded currency.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani’s Advisor Determines, Via Earth News, The Date For The Disappearance Of The Dollar Price Difference" Quote: "...Salih, set today, Tuesday, a date when the difference in the price of the dollar from the central bank will be removed from the market... The exchange market in Iraq is still gradually adapting to international compliance controls in financing foreign trade for the private sector...we find that the country is still dealing with two exchange rates, which is a very temporary matter that will disappear over time.” Nader From The Mid East Everything is in place. Now we're just waiting for them to do something to make a move... MarkZ Article: “PM Advisor: Iraq economy is strong and moving toward improvement” ...They are literally telling you what they are doing. Quotes: “He emphasized that the situation is gradually improving as long as there is freedom in transferring the process that is subject to compliance” “Noting that during the next few weeks or months the official exchange rate will match with the parallel” What they are telling us is that the rate in the next few weeks will be in parallel with their assets…or their great wealth. They are telling you it is happening. Don’t panic about the timing…they have to say that to keep the timing confused…it is part of the process.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick There's a serious media campaign of the monetary reform. It's getting louder and louder with each passing day...the last week of March has great potential for the monetary reform to expose more to the citizens. MarkZ We are getting a tremendous amount of chatter – surprisingly from Iraq. They seem to be on a expedited time scale. What I am hearing is to watch between the 1st and the 3rd right now. We are still trying to “vet” some things...They keep telling us they are about to have more money…we should listen to them. Henig Article: "The Ministry of Planning discusses the effects of changing the exchange rate on the Iraqi market" Quote: "The meeting discussed a number of proposals and recommendations, which aim to address the repercussions of changing exchange rates on the economic and trade movement...the ministry will submit its recommendations to the Council of Ministers in the near future. Prime Minister Mohammed Shia al-Sudani had directed that the Ministry of Planning study the effects of changing the exchange rate on the Iraqi market." Militia Man They have an agenda...to get their financial system...ceasing the multi-currency practices - which is not using the dollar. It's going to be using the dinar but they're also going to be able to clear on new platforms, all these different currency of the world.

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: "USD/IQD rate declines in Baghdad, Erbil " The U.S. dollar is continuing to gain ground on the Iraqi dinar. This is not good. This is out of whack...the Iraqi dinar is not gaining in value versus the U.S. dollar and it's going in the wrong direction... Frank26 [Iraq boots-on-the-ground report] FIREFLY: I went to go see my [bank] friend and he says with the dollar gone from ATM machines very soon we will have to see value more. And the lower notes and the fils, without these it will lead to hyper-inflation. The point has been set. Looks like soon more greater news is coming. FRANK: That's exactly right. This last week of March may be very explosive as they give you the final definitions and instructions of the monetary reform. Next Monday is when I hope they will show you your new national currency with value and the coins...I'm excited about what they are now telling you and showing you. Mnt Goat Article: "PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT" Quote: "A member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tooki, revealed that there are parliamentary efforts to pass the oil and gas law soon, indicating that all roads are clear towards passing the law." This article is music to me when I read it…Yes we were waiting so long to see this. Finally!!! Go RV!

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... Especially if it comes from Mark ... RON Kaperoni Dinar community Comment - 'Kuwait RV'd thier dinar in 1992.' Not true. Keep in mind there's a significant difference between Kuwait and Iraq. Kuwait has billions of dinar in circulation, Iraq has trillions. Nader From The Mid East I don't think it's gonna be 1 to 1. I think it's gonna go...between $3.28 and $3.50 directly. After this rate 1132 it's gonna be big thing to happen. Frank26 The world is pouring into Iraq because of the monetary reform that is exploding the economic reform. The only reason why the economic reform has been so successful is because they know very well what is happening with the budget of Iraq and they know how it is being funded and they know what's backing it... MarkZ It appears that Iraq has fired the shot heard around the financial world. They are preparing to go solo… It appears that many other countries want to go with them. Member Question: If the dinar and dong go separately…will they float? Answer: Yes if they go alone we expect them to float. I still think there is a 90% chance they go all at once...We are now seeing a very clear end coming…that is super exciting to me. Sandy Ingram Article: "Central bank sales exceed 800 million last week" Based on the Middle East News feeds it is important...The total sales of the Central Bank of Iraq through the window of selling hard currency to the dollar during the past week amounted to more than 800 million dollars. This news flash leads me to believe Iraq is becoming More and more like Panama each day, however Panama's currency is valued at 1 to 1 against the US dollar...Is Iraq hanging on to the US dollar so tightly because the foundation of their wealth is in US dollars? Meaning the oil revenue? ...this is a massive amount of exchange for the US dollar in one week. Militia Man Everything we're seeing is phenomenal. They can't go back. They're gonna reprice at some point in time because they have to and I wouldn't be surprised if they are forced to talk about that very quickly... Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend from First Bank of Iraq has new global money transfers. He said this system just started. This screams international. FRANK: That's awesome! Yes it does!

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 Nader From The Mid East In our religion [Muslim] ...if I make a profit in the bank I have to give it up as a citizen. I'm not talking about companies...If I put my money in a bank and I make profit the whole month of Ramadan I have to give it up to poor people...bank...mosque. I have to give it up. That's why people will not go and change their money this month and bring it if they change the rate. Nobody's gonna move...this is a religion thing... Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see infomercials...one after the other on our television and they're talking about reintroducing fils/coins to us. Then they told us we will also be receiving lower notes and we're adding value to these lower notes and then they said the coins/fils will give us more purchasing power and when we buy things in the market we will not lose money no more do to having coins and lower notes with value. FRANK: Whoa!! ...you are right on the edge from receiving what they are bragging about to you. A new exchange rate that will match a new lower denomination along with coins to match them...this is absolutely stupendous...congratulations you are so close. Sandy Ingram In 2021 OPEC member countries accounted for more than 80% of the world's proven oil reserves... proven reserves are when certified engineers have surveyed the land and reported on the profitability of the oil based on they analyzed reports...Iraq is #4 on the [OPEC proven cute oil reserves] list...Iraq has lots, lots more oil hidden under the earth. Iraq is literally floating on oil according to geologist reports...It is our hope that the oil industry will allow Iraq to revalue its currency at a higher rate against the US dollar. Walkingstick & Frank26 The monetary reform of the Iraqi dinar is asset backed. Some of you need that information in your calculations. Some of you need it in the float. Understand the monetary reform will be asset backed. And here's the key, it's not only tapped but untapped resources. Developed or not developed...the mineral industry from around the world is salivating to get started in Iraq... yada Doubt very much waiting on Ramadan is going to delay this, it a matter of the next quarter starting on the 1st and this machine is already in stride. Increasing the dinar's value will also give the other countries added value to their currencies just by having the dinar in their coffers. Its a done deal and expecting it any moment now. Militia Man At this stage of the game we can't deny something's up and these guys are talking because Alaq is talking. Al-Sudani said hold your dinar, it's going to be worth more. He didn't say worth more than the dollar, he just said it's going to be worth more. All of these things are coming into play...I think their plan is brilliant at this stage of the game...I really do believe what the central bank is doing what we expect them to do and they're going to keep pouring the pavement moving forward. It's going to be good. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI talking about 1132... FRANK: Do you recall when it was 1700 to 1... I told you look they just moved it's now 1300 to 1. I said our goal is for it to reach 1000 to 1 but {Firefly's} bank friend says he thinks it's going to hit 1190 then 1000 to 1 therefore to you we said IMO there will be one more exchange rate movement before it floats at 1 to 1. Remember that? FIREFLY: They're trying with new measures to get the parallel dollar rate in the market to mirror the official exchange rate. The street rate is still 1500 but they're trying to get it to be 1132. FRANK: 1132 is excellent! It keeps going in the right direction...The fact that it comes from the CBI it's crucial... Now I believe we will see 1000 to 1 as the next movement. MarkZ there is a lot of chatter that things may be starting over this evening. We shall see. We know we are close...the news out of Iraq continues to be fantastic. They are openly talking about their currency having parity with other countries in the region. I hear from all my sources that the RV is still in play and it doesn’t matter if its Ramadan. 3-23-2023 Guru Nader From The Mid East I have a...very educated, very smart friend who lives in California. He knows a couple of things. He gives me a lot of information....some things I cannot tell them...I just hang up the phone with him and he was yelling at me because...He said, did the mosque talked about smaller currency? I didn't want to answer because [if] I say things, I don't want to look like an ass$%$# if it's not true or if it doesn't happen...So, yes, I told him, yes, they talked about it. He said, they trying to educate you about that? [Post 1 of 2] Nader From The Mid East In the mosque in our Muslim religion they will...never mention money and tell you what to do with your money or not...They give you information that informs you, 'Okay the government send us letters next week or next month we're gonna change our money or our rate or something' and that's it. They will stop there...they will not go like, 'yeah we're gonna have the 50's and this is how they look.' They'll not educate you on that. They will inform you...The only people who can educate you on that is the CBI or...banks. This is how it is. This is how it works. Now he asked me if in mosque they informed about it? Yes, exactly they informed us about this. They never say when and what, why and when. They didn't say bigger or smaller. They said they're gonna change. [Post 2 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about that 1134 all morning and all afternoon. They keep repeating it over and over again. They want the citizens to understand their exchange rate is moving and changing. Mnt Goat... I would be VERY SURPRISED if we got to June 1st and still did not see the reinstatement of the IQD on FOREX and have it trading. Personally I can even see April as a target… if we had not been to the bank...by then...I would be surprised. This event is moving that fast. MarkZ There is a lot of concern that this will not happen during Ramadan...Could they be waiting until after Ramadan? It’s possible. But I am hearing it will be sooner than that and during Ramadan ...I do not think we will be waiting another 30 days... We will know very soon. That's all for today - Sorry I missed Yesterday..! RON

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 *** Dinar News Update *** Three days ago various news outlets from Iraq suggested that the exchange rate of the Iraqi Dinar has experienced a significant increase to its highest value in several years, at 1132. Boots on the ground reports confirm the CBI and goverment offiicals made reference to this sudden change in value. However, it is important to note that despite these reports, the CBI has yet to officially change the rate of the Dinar, which currently stands at 1310. In the past, discrepancies of this nature typically clarified within 24 hours. However, as of now, no such clarity has been discovered. We enourage you to stay alert as we keep a close eye on this peculiar situation as we await the gurus insights and updates on what the heck is going on here. Militia Man The next stage of the game is the final stage. That's my view. When they reveal, 'the direction and the plans of the central bank for the next stage to advancing the banking sector.' What are they trying to do? They're trying to get deposits. They want to lend money. They've got to a bottleneck IMV that suggests that they've got to a stage when...they need to lend money. Banks have a liquidity issue. They have to get deposits so they can lend. They need to get that money that's out there not-circulating, circulating. Pimpy It [the Iraqi dinar rate] used to be 1190 dinars for every 1 dollar. Obviously 1132 is lower than that. So we have now passed where we were at the start of all this...The market rate is 1155 or 1158 over the 1132? That margin is much smaller than where it was before. That's maintainable. Samson Article: ”Abdullah congratulates the advent of Ramadan and confirms that the House of Representatives will continue to perform its tasks and work". Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is showing the Central bank director of currency window and the CBI is on Channel One News...they're saying the CBI is training licensed banks on the electronic platform. It's a big deal. It's been going on all morning... FRANK: The CBI is educating you and training all the banks and their employees not only for internal use but right now they are preparing them for the float also. To be honest with you education is done it is the float they are teaching them... Friday's Opinions & Rumors - I was out of town Nader From The Mid East Whatever the CBI is gonna do ... the CBI make a decision everybody's gonna have to agree with it because this is a trust team...so whatever the CBI is going to decide everybody else is going to decide it's going to be happy. They're gonna have to sign off on it and that's it... Mnt Goat Is the IQD going to be reinstated on FOREX...? We now see that they told us recently this is where they are heading very shortly... Militia Man The triple zeros on our currency we have today...we believe...that's gonna change...one of the reason why I believe it's going to change is because Iraq is openly talking about coins. They're talking about smaller denominations. Those are the types of things that made me go, 'hmmmm, why did that happen?' Frank26 [Iraq boots-on-the-ground report] FIREFLY: The rate in the budget is going to exchangeable. They said it's going to start off at 1300 to 1 or whatever. It has room to play and change... FRANK: This is the RV phase...that's why there are multiple exchangeable rates for your budget but they're mainly for the float...This is massively huge for you to understand...It is not only exchangeable in the budget it will be exchangeable for you to be able to exchange the 3-zero notes to the new national currency they are bragging about. Clare Article: "An economic institution indicates a rise in the inflation rate, which is the "highest" in Iraq in years" Quote: "The Future Iraq Foundation for Economic Studies and Consultations announced, on Friday, that the annual inflation rate for January 2023 has increased, reaching more than 8.2%, which is the highest rise in Iraq in years." Nader From The Mid East The smaller notes in the ATM machines...is not true. The ATMs are not allowed it with the small categories ...for sure I know...They can't put small category in the streets and I know because I asked somebody very close to me to get some money...from the ATMs in Baghdad and there's still the same categories notes. This happened yesterday. nt pricing inside of Iraq...the only way of doing this is through having a strong currency...he is telling us how we are getting away from a dual currency and only deal in the Iraqi dinar in our nation for now on...the dinar will be strong and the reconstruction revolution is coming...All day the television Channel One has been educating us... FRANK: Monetary reform education! That's what you're getting buddy. And it's going to get louder. Pimpy What is the real exchange rate? ...the official rate is...1300...There's a discrepancy between the official rate and the market rate. When you read this article there's confusion and I can understand why. Article: "Ali Al-Alaq for Shafaq news: Wait for a decline at the parallel dollar exchange rate." Quote: "the parallel rate means the exchange are of the dollar in the market and not the official price set at 1132 dinars for every dollar." [Post 1 of 2] Pimpy I've been out of the loop for 3 days but I went back and I did not see any article that I could find that said the official rate for the Iraqi dinar moved from 1300 dinars to 1132 dinars. I think this is a typo. I might be wrong...1132...would be phenomenal...If this is truly the new exchange rate, 1132, that's a huge jump in the value of the Iraqi dinar... The lower this number becomes...the better it is for us who have invested in the Iraqi dinar. [Post 2 of 2] Militia Man What you and I and everybody else are waiting for is for the private sector. You're not going to get into the private sector without having an international acceptable exchange rate. They didn't do it at 1360 or 1166, 1192, 1460, 1310. What are they going to do when they change it to 1132? Really are they going to an international compliant currency at 1132? ...They're not going to go to the International market and be article VIII compliant at 1132. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Channel One News just did an interview with the Finance Minister he's saying soon the dinar will be parallel with other middle eastern currencies in the region. FRANK: Are you kidding me? That's absolutely fantastic! That's insane for him to say that. In other words he's telling you that when they reach the REER of the float the dinar will be parallel with other middle eastern exchange rates...everyday they are telling you more and more. It's getting ridiculous with the excitement of the monetary reform! You are inches away from receiving your new small category notes and new exchange rate... Mnt Goat Article: "THE RECONSTRUCTION OF IRAQ WITHIN A CLEARLY DEFINED VISION AND A DRAWN ROAD MAP BASED ON SEVERAL STAGES." ...the key phrase here is “several stages”...This reinstatement could not just pop out one day...But now we are in the stage of progress to get the dinar reinstated and then there are many more stages to work on the Iraqi economy. Folks they are following the plan as outlined in the “White Paper”. There is no secrets to what they are doing. yada ...Cant be stressed enough that the budget needs the rate, not the rate needs the budget. The budget is going through the motions and once the rate is released, it will sort itself out.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The budget we heard has a rate of 1300 but also has amendments are coming to the budget...FRANK: I believe the budget will be exposed hopefully with the new exchange rate...and somewhere in there they are going to give you what they are bragging about...this is beyond exciting! ...as far as the budget coming out at 1300 to 1...they will amend it...there is a retroaction that will amend the exchange rate in the budget and prepare your currency to start a float. I pray that it starts 1 to 1. It could start lower. But the most important thing is that it is now starting. Breitling It's always been strange. When we first got into this and I started reporting on it there was more a buzz coming from Iraq, 'when are they going to add value?' than there is today. But today they're in a better position to do it. So it's kind of strange. Henig Article: "Political insistence on enacting law 'postponed' 16 years ago - urgent" Quote: "the law has remained for 16 years in the shelves of parliament, but the political agreement stipulated that it be passed, and this is what was included in the government program of Prime Minister Mohammed Shia al-Sudani as well. This law has become an urgent legislation because oil belongs to all the Iraqi people, and this law will guarantee the right for all...Halbousi added, the good relationship between the federal government and the regional government will soon push the legislation of this law." Clare Article: "Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar" Quote: "The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period...The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." [NOTE: The official CBI rate is 1310...this article states 1132. Is the article an error, a leak and/or foreshadowing of what's coming?]

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: "Iraq Must Not Squander Another Opportunity to Rebuild" It's the 20th anniversary of our attack on Iraq...20 years since the start of the war, since Iraq has been "liberated"...I like to believe this time around things are going to be different. I'm not happy about what happened with Sadr bailing out and allowing the coordinated framework to be there but so far the coordinated framework appeared to be doing all the right things. Let's hope they stay down that path - not for their own sake but for the sake of the Iraqi people... Frank26 It is my opinion you will see an exchange rate about a week before April 1st. Why would I have have such an opinion? You don't have the budget. You don't have the exchange rate. But once you have the exchange rate you can have anything you want in that budget. Do you have the budget? No. Did they tell you it's coming? Yes. For 3 years. Did they give you the rate for the budget? No. Militia Man They spent somewhere around $49,429,000 in 2018...on currency issuance. That would be for the new small category notes and potentially the fils, which are coins...March 17th there was the article that came out about the coins. It also spoke about the deletion of the zeros. Those 2 things go hand in hand. Article Quote: "the central bank is the only one responsible for supplying the currency, bank notes and coins to the country of Iraq." That's the central bank's job. They did that in 2018...we know they did issue currency to the tune of about just under $50 million worth and they did it for a reason. [Post 1 of 2] Militia Man Article Quote: 'The finance committee and the Iraqi parliament calls on the central bank to reintroduce the metal currency.' This was on the 17th - reintroduce metal currency. Why would you reintroduce metal currency if in fact you're going to come out as they state in the budget - 1300? Sounds to me from what we've read in the article...they have a caveat that they can amend the budget at any time... Quote: "small coins facilitate many daily banking transactions as the use of metal denominations and their circulation will give currency a legal value." So not only do they have value but it's legal..[Post 2 of 2] MarkZ It is looking like a great week. They are being forced into a corner where they don’t have a choice. One of the...big pieces of news coming out of Iraq is about coins and how they will be “immediately“ usable. The first story broke late Thursday into Friday. Then rumors and more confirmations over the weekend... Currently the 50 Dinar note is only worth .4 cents or so. A coin is only worth a fraction of a single dinar. This would make no sense. But we have had some clear indicators out of Iraq that 1. The rate in the budget is now changeable. And, 2. Coins can be used immediately to support the lower denominations. This is really important. Denominations of their coins is similar to our coins in Iraq...them being able to use coins is huge.

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 Looks like the momentum is in favor of Iraq and this new government. All the things we've been speaking about over the last couple days seem to be happening quickly...We got a 3-year budget now in the hands of the representatives. It looks like we have an agreement between Kurdistan and the federal government of Iraq. All seems well so far in Iraq. Frank26 Article: "The Governor of the Central Bank of Iraq appoints "Al-Haimus" as his deputy" THEY'RE BRINGING IN MANY NEW DEPUTY GOVERNORS BECAUSE IT'S A NEW MONETARY REFORM PLAN. Quote: "Al-Haimus had worked as general manager of the Trade Bank of Iraq (TBI) and head of the Securities Commission." THE MONETARY REFORM IS SECURE. MarkZ We do have some news coming out of Iraq.Article: “The Central bank of Iraq is preparing a lending strategy and recommends a plan to attract deposits” Why is this important? Because you have to have a workable currency to be loaning money…right? Not a currency that is worthless. Nader From The Mid East News Article: "Fifth Baghdad International Dialogue Conference -US Ambassador...Quote: 'Iraq can reach energy self-sufficiency in 10 years. Some say in less time...approximately half of Iraq's population is under 20...they want the skills necessary to compete in an increasingly connected global economy...they want a strong economy including a vibrant private sector that produces jobs...The United States is committed to help Iraq build its economic foundation'..."

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Sandy Ingram A Republican Senator or Representative has introduced a bill in congress to get rid of the Income tax and possibly the IRS. This could mean NO taxes on our exchange. There's a long road before any of this could happen... Clare Article: "Al-Sudani: We look forward to transforming Iraq into a center for world trade through the Al-Faw port project" Quote: "..transforming Iraq into a center for global trade between Asia and Europe through the great port of Faw project and everything related to it."..."Economic zones, residential communities and tourist attractions. We look forward from this giant project, which will extend over an area of more than 20 square miles, to open the way for an economic boom for Iraq," A great article ... with real promise..!

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 Nader From The Mid East The budget says about the exchange rate...1300. It didn't say 1310, 1320... Article... said the exchange rate in the budget is 1300. I was surprised the budget has a rate in it in the first place. The second thing, the very good news...they made it open. They can exchange the rate anytime they want. Why they did that? For a reason...that means 1300 is not fixed for the next 3 years. Clare Article: "Shafak News publishes the draft budget law for Iraq for three years" Quote: "News Agency publishes the draft state budget law for the years 2023, 2024, 2025 sent by the Iraqi government to Parliament." Frank26 [Iraq boots-on-the-ground report] FIREFLY: They have opened 6 new branches in and around Baghdad. They are telling us these 6 new branches...are being set up to help collect the citizens depositing dinars. They are calling it the 2nd phase to get dinars deposited... FRANK: The CBI is setting up these large depositing areas where the Iraqi citizen can go convert his 3-zero notes into the new small category notes...The CBI is super eager to collect as many 3-zero notes as possible back. It's brilliant.

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 ...The news is coming straight out of Iraq. Talking about coinage. Pay attention: Article: “Economists believe that coins facilitate many of the daily banking transactions The Central Bank is the only one responsible for supplying the country with its banknotes and coins, while Iraq stopped its dealings with "coin" years ago, despite the continuation of its work after 2003.” What is important is Quote: “the discussion returned in economic circles about the reasons why Iraq did not resort to issuing coins with the aim of restoring the value of the small currency, which has become worthless in daily transactions." They are talking about re-introducing the coins. And restoring the value of the small denomination currency. Why would they need coins and small denominations if they weren’t going to increase the value… Fantastic news, putting out coins…restoring coins…restoring the value of the coins…this is a huge one!!! Frank26 Question "With the banks having a shortage of cash should we give them a heads up that we'll be coming in and the amount exchanging?" Oh, yeah...you're going to need an entourage. You need a team. You don't want to walk in there by yourself...I will tell them I want $100,000 in cash by next Thursday. It will be there. It may take 2 weeks. It may take a while but they will deliver you the money...you've got to order the amount of cash you want...you need your CPA...book keeper...tax consultant...tax lawyer who can answer all these questions for you.

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 I get a lot of people saying, 'How come Iraq's currency is not the same as Kuwait?' It's not that simple. At one time it was very close to the same exchange rate as the Kuwait dinar...but things have changed since then...That doesn't mean it can't get there again. It can. But there's a lot of hurdles that need to be crossed...I don't think they're going to get there anytime real soon. But you will see the dinar start to go up in increments as they get their ducks in a row. It seems this administration is doing everything they can as quickly as possible to reach that level, so you never know. We'll see where Iraq ends up... Clare Article "The industry opens a new window on the Arab markets for the export of aluminum sheets" Quote "The Ur State Company of the Ministry of Industry and Minerals opened, on Tuesday, a new window on the Arab markets...strengthening the economic partnership between Iraq and its Arab surroundings, pointing out that the company opened the first line to export its products through the markets of Syria and Lebanon" Sandy Ingram Before 1935 what was Iran called? The answer is Persia...This may be a deep-rooted reason why Iran keeps harboring over Iraq like a lost child over and above the monetary reasons...if you look at the map...Persia included the land that is now occupied by Iran and Iraq...Iran took over the country of Persia's name in 1935 but that does not change the DNA of the Iraqi or Iranian people... Frank26 The rate and the budget that's a 'Line Item'. It's in the budget. I don't care if it's 1300. I don't care if it's 1 to 1. Just give me the budget because the budget is waiting for the exchange rate. I said April 1st budget exposed...everything waits for the exchange rate. You want the new budget on April 1st? yada ...the activation of their debit, credit, and prepaid cards on Sunday so they can buy and sell internationally, would have to include a valid rate, not a program rate of 1300 to 1. Believe the float will begin and we will have to option to exchange some at the low rate or wait. Mainly, the release is upon us. I'm also of the mind since, "All Boats Rise With The Tide", we may see a slight increase in the dong also. MarkZ A lot of news coming out of Iraq over the last 24 hours…. I mean a lot of fun stuff coming out of the Iraqi news. Article: “Al Sudani advisor: The Baghdad and Erbil agreement is one of the achievements of the federal government” Money has already started moving. Its not 100% tightened up until they finish voting on it. But they have agreed to and implementing their programs and the regions revenues into one central account. I was told this one would be a big one and we are watching it. Pimpy Article: "The Iraq parliament begins discussing the budget law" According to their constitution they have 30 days to review this particular law...This is unique...the fact Iraq is going ahead and passing a three-year budget...I think this is a smart move. I love the fact it's also open for amendments if necessary. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend says he thinks the rate and budget are tied together in a really nice package with the new rate. But the rate can come anytime. FRANK: What does the budget wait for? The rate. What do we have...? The budget. Therefore normal logic you're now going to see the rate. I told you it doesn't matter if it comes out at 1300 or whatever that's not the point. The point is they are preparing the currency to float...they are moving in the direction of a float. Your internal float is almost done. Mnt Goat ...the Governor of the Central Bank, Ali Al-Alaq, set the objectives of monetary policy in Iraq, pointing out that he would take the necessary legal steps within the framework of the dinar being a major currency prevailing in the market in cooperation with the government. This was music to the ears…Alaq goes on with better news and I Quote from the Article...“the currency is a symbol of sovereignty and a title for the country, and abandoning it is tantamount to lowering the flag”. Oh my gosh! This patriotism and loyalty to Iraq is what Alaq really brings to his job and the Iraqi people...this is how we are going to get the reinstatement…. He has the brains to do it, but also the willingness to do it... MarkZ Member Question: What will redemption centers look like? Answer: The term “redemption center” may be a little off. They are mainly different banks and banking facilities that are set up and will have equipment and trained personnel for exchanging foreign currency. It may just be a bank branch with extra offices in your area. Some may be full blown centers in areas with many foreign currency holders. They have a good idea on demographics from who has bought what in areas...

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 There's a lot going on in Iraq. The budgets are being looked at. We have the agreement between Kurdistan and the federal government of Iraq finally on hydrocarbon laws. There's a lot of tentative agreements there, but what we're looking for is these things to get signed. Frank26 What is Sudani telling the Iraqi citizens for the last 3 weeks? He says to them, 'Hold onto your dinars.' ...Then something else happened. 'Hold onto your dinars...because it's going to have value soon.' That was the second part that was added. Then something else happened...'Hold onto your dinars because it's going to have value soon and you Iraqi citizens are going to...be able to take your 3-zero notes and exchange them'. For what? The national currency. Sandy Ingram Article: "Baghdad, Erbil reach comprehensive agreement" Disputes over the over the sovereignty of the Kurdistan region continue. The Prime minister of Iraq announced this week that Baghdad and Erbil had reached a comprehensive agreement in regards to oil revenue. MarkZ Comment: I read yesterday that the Iraqi dinar was once $3.78 to $1 USD- Wikipedia. Answer: That is accurate. It had that value before the US declared war on Iraq. The US petitioned the UN, IMF, World Bank and all the agencies to reduce the value of their currency. So when they re-instate they put back the value from where it used to be. They artificially reduced it and now they have to correct that reduction. [post 1 of 2] MarkZ Question: Will they drop zeros off the dong? Answer: They will also change the value and have lower denomination bills just like with Iraq’s currency. From the Vietnamese war they had done the same thing in Vietnam. Artificially reduced the rate. And they need to restore that value. Vietnam may be the longest devaluation in history…that I can find ...No one knows the exact timing…we just know we are close. [post 2 of 2] Militia Man Alaq is saying today...the central bank is working with the Iraqi government to make the dinar the main currency in the Iraqi market. They're going to have no multi-currency practices anymore. They're de-dollarizing...what are we talking about here? A major currency in the world. 1310 IQD to $1 is not a major currency. It's obvious he's talking about something...private sector coming in from around the world is not about a currency that has triple zero notes anymore. We're talking about major currencies...he's saying that we'll represent strength in the currency 'externally'. Externally is across the borders...

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: They just told us on Channel One the other day that the ATM machines will only use dinars for now on. There will no longer be American dollars found in these machines or any foreign currency. Just dinars from this point onward. According to my bank friend...expect the ATMs to be set up to use lower notes now that it is only dinars. FRANK: ...the new ATM machines have the new software for the new small category notes and because we are very close to having it introduced to you I believe these new ATMs...are already loaded and ready for you... MarkZ This one is 2 days old…but very important. Article: “Vietnam discusses increasing trade with Iraq” These are major trading partners ..both are slated to change currency values at the same time. Our own state dept has called on Vietnam to change their exchange rate. This is another one where they are telling us what they are doing... Pimpy Article: "Central Bank Issues Third Package To Facilitate Procedures For Obtaining Dollars" Quote: "...the official exchange rate is 1320 dinars for every US dollar will be calculated through the electronic payment card issued by the license authority." The exchange rate is the same in country as it is out of country. That's exactly what it's saying and the rate is 1320 dinars for every dollar. I keep hearing people going, 'That's not the in -county rate and that's not the out of country rate.' ...it's the same no matter what... Clare Article: "Parliament announces receipt of the draft budget law" Quote: "Today, Friday, the House of Representatives announced that it had received the draft budget law"

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: "It caused the dollar crisis. Is the government able to end the phenomenon of "dollarization" DE-DOLLARIZATION IS THE ULTIMATE GOAL OF THE MONETARY REFORM! THE GOAL OF DE-DOLLARIZATION IS NOW IN THE HANDS OF THE IRAQI CITIZENS. MarkZ It would be poetic for Iraq to go on the 20th Article: “Senate votes to proceed with repeal of authorization for Iraq, Gulf wars” This is the 20 year anniversary on the 20th of March. This is very important. Member Question: Mark, is there ANYTHING now that could take this RV past the 20th at this point? MarkZ answer: At this point I don’t know. We are in the short and skinny of this. The mechanisms are in place…. I think this thing is done. Mnt Goat Article: "THE LARGEST BUDGET OF 2023 IN THE HISTORY OF IRAQ" I believe this three year budget is going to be the “rebuilding of war torn” Iraq budget. This is why they will also need a strong international currency. Pimpy Article: "Al-Shammari: The largest budget of 2023 in the history of Iraq, Baghdad and the south will witness an reconstruction revolution" Yes, that's what we want to hear! But I don't want you to just talk about it, I want to see it happen. Because if they can make that happen then we're going to be looking at a much more valuable Iraqi dinar...

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Clare Article: "Central Bank Governor: We are working with the government to make the dinar the main currency in the Iraqi market" Quote: "...goals is to maintain the general level of prices, that is, the strength of the currency locally and the exchange rate, which represents the strength of the currency externally...he added he will take the necessary legal steps in the context of the dinar being a major currency prevailing in the market, in cooperation with the government... Mnt Goat ...the news today is still all about the dinar...Surprisingly enough the second rate change has not yet come out. Today the 2023-three-year budget just arrived at Parliament for the readings...So, the budget must first get voted on in the cabinet then it gets passed on to Parliament for the legal two readings, makes amendments and can vote on it or send it back to the cabinet for revision. Article: "EARLY NEXT WEEK.. PARLIAMENTARY SESSION TO READ THE 2023 BUDGET" Quote: "...there may be a parliament session next Saturday or Sunday to conduct the first and second reading of the budget law," So, here is proof of where the 2023 budget is... Nader From The Mid East Like I told you before it's a waiting game...one morning, one day it's gonna come out. They're gonna go 'let's RV'. But believe me it's not gonna be 1 to 1. You'll never see it at 1 to 1. You'll see it higher than 1 to 1. You'll see at $3, $3.28, $3.60, $3.80 but you'll never see it at 1 to 1...There is no 1 to 1. If they're going to reinstate it then they're gonna throw it to Forex and it's gonna be stronger than that...Boy, does Nader have an imagination...LOL..! Frank26 IMO the budget is complete. But you are not going to see the budget IMO until April 1st. But the rate for April 1st IMO will be 1 week before that. MarkZ Article: “Central Bank governor sets two monetary policy goals in Iraq” “Monetary policy includes two main objectives: maintaining the overall level of prices, that is, the strength of the currency locally, and the exchange rate, which represents the strength of the currency externally,” This is from Alaq and He just told you right here they have 2 jobs. Stability and rate. They are telling us what they are doing... Militia Man The whole budget for 2023, 2024, 2025 is all about going to a private sector. The stability and security that they're going to get for the investor and for the public is going to be pretty big because that goes to show they're committed...with them being open and being able to be adjusted and amended based off of oil pricing, natural gas prices, taxes/tariffs revenues or even an adjustment to their exchange rate, they can do all of that... Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are telling us we will have currency to match other currencies including lower notes. This is telling us what's about to happen... FRANK: They are bombarding you and preparing you and giving you every reason reason not to fail this monetary reform.

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 Henig Article: "The Central Bank of Iraq issues the third package to facilitate the procedures for obtaining US dollars" Quote: " the official exchange rate of "1320" dinars per dollar will be calculated by the electronic payment card issued by the licensed authorities when used abroad," ...And this means what..?? Frank26 Not only do you see your budget as Sudani promised but you see it for the next 3 years. That is telling you they are preparing the economic reform because the monetary reform was extremely successful. The next step is for your national currency to float and to add value to it. It's going to be a long process too but we're going in the right direction...it's a beautiful day in Iraq . It's a beautiful day in the neighborhood. Amen!

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 They didn't push these guys over the edge to get them off the dollar for no reason...they did it for them to get on the dinar...De-dollarization of the country - Everybody's got to go to the dinar...they're not going to be using the dollar. They're getting them physically prepared to do that...they're going to an economy that's going to be able to be vibrant. It's going to have transparency. It's going to have less corruption. Nader From The Mid East Remember I told you the dinar gonna change rate not a lot? I said to 1260 or 1160 and it changed to 1310...That rate is just to scare people to bring their dollars to the bank and it's gonna be another rate change like that just to scare people before reinstatement. It's not going to be 1 to 1...not...$1.60 to 1. There's gonna be $3.28 to 1...Maybe more...it doesn't go more than $4...It's a little too early still. A lot of processes they'll have to go through. Be patient...smile...keep working. Keep happy...it's a waiting game. Sandy Ingram Iraq's cabinet has approved a draft budget law for 2023 to 2025, which will now be referred to parliament for approval and possible amendments. The operational expenditures stands at 150.27 trillion dinar or about $115.59 billion. Investment expenditures will be about $35.58 billion. The budget calculations are based on an oil price of $70 a barrel with average daily output of 3.5 million barrels...this is the first time Iraq is proposing a multi-year budget... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani is now saying any issues that were with Erbil and Kurdistan are all removed. First time in 18 years. FRANK: How many time did I tell you not to worry about it! Pimpy One of the major stepping stones for Iraq is to get an agreement between Kurdistan and the federal Iraqi government and it looks like it's about to be done. This would be the Hydrocarbon Law, the Gas Law is what we're talking about. It looks like it's going to be signed but until it's signed just keep your fingers crossed. Henig Article: "Al-Sudani Advisor: The draft approval of the budget for the coming years remains indicative and amendable" Quote: "The draft approval of the budget for the coming years by the Council of Ministers remains indicative and amendable according to oil prices and the nature of revenues and expenditures in the coming years..." Frank26 You now have the budget. Therefore, beyond logic the new exchange rate is soon to show itself. Militia Man MarkZ Question: Many ask me if you want to make a guess of what you think rates might be. Militia Man Answer: My understanding is the IMF have the ability to go as high as 3 times the Special Drawing Rights. That is what they could do…it doesn’t mean that’s what they will do. They test systems to what the region can handle. The Real Effective Exchange rate (REER) can be derived from many different things . They are going to come up with a rate that is strong and stable and rebuild the country. Mnt Goat ...in the news we witnessed yet another currency reform implemented by the CBI when the Central Bank decided in the ATMs to use only the local currency of the dinar. WOW! Previously they could use both dollars and dinars. I was also told by my CBI contact a week ago that they will soon be recalibrating the ATMs to dispense the lower denominations…

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 OIL AND GAS LAW IS IN ITS FINAL STAGES OF APPROVAL" Coincidental? All the pieces to the puzzle are coming together very quickly now…💪

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Sandy Ingram To our knowledge, the budget does not include information or provisions for a rate change. However, this does not mean a float or rate change is totally out of the picture. Pimpy Article: "Al-Sudani returns to Baghdad after concluding his visit to the Kurdistan region" Al-Sudani just got back from being over there in Kurdistan. We know he was over there ironing out the last of the details necessary for them to come up with an agreement on hydrocarbon laws. I'm excited about that but I'm more eager about them signing it so we know it's official. Frank26 Article: "The Central Bank of Iraq issues the third package to facilitate the procedures for obtaining US dollars" THE CENTRAL BANK ISSUES MANY NEW REFORM STEPS FOR THE NEW EXCHANGE RATE AND THE NEW CURRENCY! MarkZ [via PDK] There is very little news from the Iraqi front today. This is understandable with the overwhelming amount of news we have had earlier this week…its all been positive. The budget is moving way faster than expected.