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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 Community Comment "...Nothing is going to change until Trump is back in office period..." Funny how people really feel if Trump gets in office then it's going to happen for sure, which it might be a possibility but we thought that last time. Nothing happened. But keep your fingers crossed, we're going to find out very soon. Jeff In March the UN will be submitting their official,'We're done', 'we're ending our mission in Iraq' report to Iraq...After Iraq has revalued is when it gets submitted and turned over to the Iraq government... Frank26 Article: "In support of the Iraqi dinar Watch.. Forces roam the streets of Najaf and review store records in search of dollar transactions" They are going door to door...THEY ARE GOING TO BUSINESS TO BUSINESS, TO RETRIEVE EVERY DOLLAR FOR THE INTRODUCTION OF LOWER NOTES. You're shrinking the market dollars so they can be closer to the official exchange rate so you can get a 1 to 1 which will cause it to float in the international basket so you can add value to your 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 Pimpy Question: "There have been some references...regarding some Iraqi banks in the US, have you heard about any of thee banks on US soil?" Here you go: You have the Iraq National Bank that's in New York. Rasheed Bank that's in New York. North Bank that's Dearborn, Michigan, The Bank of Baghdad is in New York City, TBI Bank which is in Washington DC. These are the Iraqi banks that are currently in the US... Jeff What was the number on thing in the month of January Iraq kept stating in all the news articles? How they achieved critical stability. In order for Iraq, the number one thing they have to do is achieve overall stability, to be eligible to revalue. Article Quote "For Iraq to further continue on the path of stability and progress, an enabling environment will prove essential" She's stating Iraq is on a path of stability and progress and continuing in that direction will prove essential. Meaning allowing them to revalue the currency and get back on the world stage.
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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 "Al-Sudani: We received a letter from Washington agreeing to end the tasks of the international coalition" Sandy Ingram Iraq's tourism could easily increase to over 10 billion US dollars a year, comparing it with Egypt's tourism. Frank26 Article: "Finance: Completion of the implementation of the (QR) system for the validity of electronic receipts in various transactions" THOSE ARE MECHANISMS OF THE MONETARY REFORM... BEING REVEALED...If this system is complete then Iraq has what it needs to float, to go International, to knock on FX. That's what this is... Militia Man The amount of construction and all those things that we've talked about are not going to be affordable at 1310. They specifically did a tripartite budget which they haven't totally exposed yet...But notice the things they have done. They were in the UN assembly... Davos ...Munich and they were doing deals behind closed doors with all these different countries of the world...Middle East, United States, Great Britain and on and on and on...Are they going to be doing this to stay where they were before or are they going back to a previous era? 1169, 1182, 1460, 1310, they never went international with those 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 Sandy Ingram The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]... Pimpy Community Comment: "Once the 3 zeros are deleted, establishing IQD's REER, then the rate will go up in increments." That's not what you want. You do not want them to delete the zeros before the rate goes up. If they delete the three zeros off your currency then your 25,000 dinar becomes a 25 dinar and then they raise the rate? That's not going to help you. We'll see what happens. Jeff Article: "Al-Sudani reveals the intention to end the political role of the United Nations mission in Iraq" Do you notice how they're talking about removing the remaining US coalition forces and the United Nations together at the same time? That's because Iraq's going international. The UN has chapter VII sanctions on Iraq and the US has OFAC sanctions on Iraq...Both parties need to remove their sanctions off of Iraq... They're discussing doing both steps simultaneously at the same time. Not coincidence. It's because Iraq's preparing to revalue and go international. Militia Man Article: "Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Is this the major announcement or a lead into one, that Salih told us about? If it isn't an announcement it surely is a good lead into one...Awesome news indeed.. International ships arriving, partnering with the private sector, integration with the global economy, compliance with with international standards. Surely we can all see the writing on the wall.. Yep.. Powerful.. imo Clare Article: "The Baghdad dollar faces a “major withdrawal” at the beginning of the week, but the exchange rate is stable" Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the Baghdad dollar will see a huge drop beginning of week, however the exchange rate is stable? We don't know what it means. FRANK: What is a Baghdad dollar? It's the United States Dollar in Baghdad....That's the drop of the US dollar in the parallel market...Which means they'll try to get to 1 to 1...I'm not telling next we're going to have our blessing. I'm telling that next week they're going to do what they're saying.
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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 I will tell everyone who has been in this speculative investment for a long time, this couldn’t be a worst time to sell your dinar. I compare it to a severe storm. You must have the guts to weather the storm... when the storm finally does really end, it’s over and done and then you move on to a better life knowing you weathered the storm and received the blessings that come afterwards. The rewards are great. MarkZ Article: “Minister of Finance of the World Bank –The Government is determined to reform Iraqi Monetary policies” A lot coming out about all the policies of financial reform and restoring the rate of the dinar. Frank26 Question: "Will the exchange rate be the same in all banks?" Yes, that is a law. This is nonsense - 'I belong to the United Nations humanitarian program...I'm going to get $5 because I belong to that.' You're stupid or what? There's no such thing as dual exchange rates for one currency. It's against the law. Jeff Article: "Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Yeah, because they're about to revalue and go international...It is right in front of our faces...It's almost here. They needed the first quarter to prepare for it after achieving stability from the December elections. March is critical to us...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram [Comment in response to...how a small developing country increases it economic stability and the value of its currency] 'If this infrastructure happens, of course, it would be good for Iraq's economy and GDP. However, that does not translate to any RV or RI...It could strengthen the dinar, but the term "strengthen" does not mean higher rate like dinarland is hoping for. It simply means the economy is good and the currency is not weak...' SANDY: You are correct. We can only hope the currency increases in value against the US dollar...It's our hope the value will increase against the US dollar with or without an RV. Militia Man [Mr. IT Guy Bank Story] My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back. MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals. Frank26 The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones... flyers... billboards... television... commercials to come in. 'We would like to introduce you to the new lower notes that we would like to be giving you.' They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News. Clare Article: "Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Quote: "...international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world.” Pimpy A lot of you are asking me...how does the deletion of the zeros affect the stocks over there in Iraq...I know we were told that the deletion of the zeros comes off the exchange rate, which is wrong. It actually comes off of their currency, their bank notes. It's called a redenomination...Since 2013 they've been talking about the deletion of the zeros off the currency. They put the zeros on when inflation is really high...Now that their inflation has been kept in check for quite a while they're talking about removing the zeros off the currency. No where in there does it say the exchange rate. It says the change does not affect the currency's value against other currencies. Instead it simplifies transactions and improves the economy's overall efficiency. [Post 1 of 2] Pimpy The ISX is the primary stock exchange in Iraq...the redenomination of the Iraqi dinar will not directly impact the ISX or the stocks traded on it. Stock prices are determined by market forces such as supply and demand...If there's any kind of effect on the Iraqi Stock Exchange it would be that people might panic a little bit...The prices are all done in US dollars. It's not in Iraqi dinars...so redenomination is not going to have any effect the value of the stocks on the stock exchange. If they change the exchange rate against other foreign currencies it will affect the stock prices. [Post 2 of 2]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Iraq has got a lead position in a number of committees etc…in the WTO. And there are meetings scheduled throughout the year. They have to be full members to do these so to me it is very clear we are about to see Iraqs ascension into the WTO in the very near future... Nearly every economist out there is calling for a new rate before that occurs... Jeff Article: "Observer: Ending the mission of the Untied Nations office in Iraq takes Iraq out of Chapter Seven". The UN exiting Iraq and no longer working with them automatically will lift and remove the UN Chapter VII sanctions. But keep in mind the UN will not be exiting Iraq until after Iraq has already revalued the currency. Iraq has to revalue before the UN will exit 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 Frank26 When this blessing occurs, where do you go? Do you go to a bank? Do you go to an American Bank? Should you go to Iraq and use an Iraqi bank? Can I use the kiosk at an airport? Can I use a credit union? You want to use a large bank. You want to use a bank that would help you with your wealth and management. Don't go to a mom and pop place...We have a bank of interest - [Chase Bank]. Many of you thought it was going to be Wells Fargo. It's highly possible Wells Fargo will still play a part...We should consider Chase. We should consider a big state bank... MarkZ We have had so many stories lately with banks….I am getting them constantly. And yes, they are expecting rate changes soon. It’s fun to be getting all these bank stories that we never got in the past. Jeff Article: "The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March" ...The Central Bank of Iraq is preparing the regular banks of Iraq to start being prepared to be able to trade the dinar against foreign currencies...To trade the dinar against other foreign currencies the dinar itself must be tradable...The step of revaluing the currency is what makes it tradable against other currencies... Again, what they're telling you here is they're going to start preparing for this. They're not actually going to start doing it. They're preparing to do it March 1st...This is a step of them setting the stage before the big event.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article Quote "...Iraq will return to being a strong economic player." If they're not a strong economic player at 1310 why would they be tomorrow? ...Iraq's not going to go international until they show us a Real Effective Exchange Rate. I'm looking forward to it. I think it's going to be powerful. Pimpy You're going to see, IMO, a slight increase in the exchange rate, probably within the first quarter of this year...I still feel in my heart there might be some kind of change to the exchange rate the first quarter of this year. It's not going to be anything major but it is going to be an increase. Frank26 If you take one of the new [lower] Iraqi dinar notes and you hold it up to the light you'll be able to see the safety features. The American dollar has about a dozen markers, the [new lower] Iraqi dinar has over 20 markers. The state of the art technology of security for toilet paper value? (also consider the cost to print these LD notes) No, that alone is an important aspect for you to understand...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Jeff Article: "The Prime Minister of Iraq receives a new invitation without an appointment to visit Washington" Sudani will be visiting Washington after they've revalued their currency to discuss getting their possessions back from the United States, such as all of their OPEC oil dollars...We have other collateral and assets on them, we need to give them back. That's the reason he'll be going to Washington after the rate has changed...Let's all hope this is true - that would be awesome; however, it's all speculation at this point..! RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani talked about going to Washington DC to meet and get all oil reserves and assets from oil held in U.S. Treasury. FRANK: Dang! Like they don't have enough money! Wow! Mnt Goat Question: We all have like 25000 dinar notes after the 2 extra zeros are gone and we can go to FOREX will we have any problems cashing them in at the new FOREX rate after the month is over? Mnt Goat: So, there is no time period set for exchanging our dinars outside of Iraq. However, having said this, we must refer back to Dr Shabibi’s media news interview years ago when he said in about 10 years after the reinstatement the CBI would null and void these 3 zero (not 2 zero) notes that we hold... MarkZ Comment: We have no one in the UK to help us with our exchange. Mark: Your process will work almost identical to ours in the US. This whole process is international and will go around the world. I hear international banks will also issue contacts and numbers for you to exchange. More of your banks are already up to speed on handling foreign currencies than banks in the US. When it happens you will get notices as to which banks are handling redemptions. They are wanting your business
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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 [Mr. IT Guy Bank Story] My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency. The private banker said yes, he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue. [Post 1 of 2] Militia Man [Mr. IT Guy Bank Story Continued...] As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash... MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff. [Post 2 of 2] MarkZ Not a lot of RV news but there is tremendous pressure from Sudani to remove all US presence is Iraq. Both Financial restrictions and the military. Article: “Sudani urges ending foreign forces presence in Iraq“ Not just military but it is time for Iraq to be autonomous and sovereign so they want the removal of US forces and also financially. They want the US military to leave immediately because of their destabilizing affect and to reorganize the US-Iraq relationship financially. There has been a number of articles this week where they are pushing to remove US tentacles from their financial world as well. This is big. Fnu Lnu Seek the expertise of an Asset Protection Specialist...Hiring a Team: Tax Professional, Wealth Manager, Attorneys, etc...is a waste of money and time. Hiring an Asset Protection Specialist is the best way to prevent lawsuits, mitigate and manage taxes, and estate planning. "Hiring A Team" is like hiring a pack of wolves to guard your hen-house. [ NOTE: Speak to many different financial experts to find the right expert for your unique situation.] Jeff Everything's happening exactly when it's happening for a very specific reason...Iraq is bringing some very critical steps forward specifically within the month of March... Article "The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March" March was not chosen coincidentally...Kuwait and Iraq have the same budget period which is April 1st...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Al Sudani is on TV news Channel One saying the best and the only way to improve the electronic payment system is the CBI should remove the three zeros, print the new currency and give us a one month period to exchange our currency. This will show the power of the dinar over the dollar...He also said this will get rid of citizen holding cash and any smugglers and money laundering. FRANK: ...That's what they're about to introduce to you, your new exchange rate to match your lower notes...the lower notes will only work with a new exchange rate. I can't believe they keep saying this to you constantly every day...You are within arms reach...One month...I believe they'll give you longer than that. Outside with us it should also be a longer time to exchange...This is only Frank's interpretation of what Sudani said on TV - NOT necessarily what will happen. RON Mnt Goat We are still waiting for the CBI’s measures to take hold to control the parallel market rate and then so they can go ahead and raise the program rate one more time, as I am told by my CBI contact is still going to happen...we must just sit tight and let them work through these issues of the parallel rate. The CBI will get it under control. As you know Iraq doesn’t work like Speedy Gonzalas... Tishwash Article: "An international desire to invest in Iraq and three countries hold meetings in this regard " Quote: "The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "Do we have to have our currency for over a year? For tax purposes, yeah. If you have your currency for at least one year you're in the about 20% tax bracket. If you have had it for less than one year and you exchange it you're in about the 40%. If you have had it for one year and you don't have a receipt, you're in the 40%. If you've had it for one year and you got a receipt you're in the 20%. [NOTE: Some gurus feel the dinar exchange will be taxed as capital gains, others feel ordinary income, and others not taxed at all. The only opinion that matters is the IRS's - Consult a tax professional at the appropriate time to determine the right tax for your unique circumstances.] MarkZ Article From Iraq: “An economist warns of the US Treasuries policy with Iraq” These sanctions are affecting the value of the dinar which would be higher if it were not for the US games with banking…and people are upset...They want them out. There is tremendous pressure right now to get the US out of Iraq. Pimpy Sanctions on banks, that's not good. That's the thing about the new reform to the banking system...they're able to track what people are doing... Article Quote:"...The US Treasury Department will include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions to them...most of the banks transferred large amounts of dollars to Iraqi and the Iranian Revolutionary Guard..."...You think Iraq is going to be able to increase their exchange rate if they can't stop the US dollar from being sent over to Iran...? More sanctions on Iraq is only going to hurt them so it's going to get worse before it gets better... Breitling The reality is these guys [Iraq] have more customers, they're selling it at more per barrel but somehow they have to make sure they're using their sovereign policy for their currency - Their sovereignty monetary policy. That's what it's all about. If you can believe that, then invest in the Iraqi dinar. If you don't believe that then buzz off. It's that simple. Walkingstick The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of. Clare Article: "Parliament hosts the governor and officials of the Central Bank regarding sanctions on Iraqi banks" MarkZ Article: ”The Central Bank of Iraq decides to restore the mechanism of financing foreign trade to Iraq starting next March” When they say “Next March” They mean this March of 2024. What does this mean? This is all about foreign currencies and International Acceptance! We have been looking for some of these announcements and now we are getting them. They want to strengthen the dinar…This is really great. This is all about international Trade and movement of money. Frank26 The CBI is not calling them 'lower denoms', they are calling them 'Lower notes'. They also explain the need for fractional banking through the coins they will be giving them. They are not using the word fractional banking with the citizens but they are telling them they will be able to get change so they will not lose money.
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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 Comment: I hear they are moving forward wihin 10 days. Mark: I was told that their goal is by the 20th…but I could live with 10 days…by the end of February...My gut is screaming we will see this in the month of February based on the number of requests to keep us quiet and the banking anticipation …And, a number of sources say we could get it by the 20th now...I think everything is done and we are just waiting on them to release it...My contacts in Iraq are telling me this…as well as bankers and government contacts. …Things are screaming at us that we are close. How many times have we heard this kind of crap from Mark before...too many..! Where do these people hear these ridiculous claims like " I hear they are moving forward within 10 days"..? It's all BS... RON Militia Man Iraq is a border country with Kuwait. Iraq is considerably larger than Kuwait...They have massive amounts of oil...liquid natural gas...gold...some of the biggest mineral deposits in the world that Kuwait does not have. You have to ask, why did they bring this up? - Article quote: "The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024 while the US dollar came in last place on the list of 10 strongest global currencies ...the dinar of the Gulf State is divided into 1,000 smaller units known as fils." [Post 1 of 2...stay tuned]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Question "Just be blunt...Make it simple. If someone holds a million dinars what is the most one can get from this amount over the next several years?" I've been blunt about this...It depends on how long you hold it. Let's say it starts to go up in increments like I think it's going to happen, you have to look at your 1 million dinar and think to yourself, 'Am I going to be happy with the current exchange rate.' It really depends on when it gets to a rate that you like. As long as they can stay out of conflict, continue moving forward like they have with reform, getting back in the World Trade Organization, showing back up on Forex, these things are very important on giving value to the Iraqi dinar. Militia Man Iraq has done the things they needed to do to be Article VIII compliant. They're going to stop the dollar auctions. They're going to have freedom of capital movement...That's going to create investor confidence. And that investor confidence is going to come from the investment law, freedom of capital movement. Frank26 I don't plan to go to a bank. Can you imagine? ...I got 10 million dinars, here...Personally I don't plan to go into a bank to exchange my currency. I will have a team...I'm going to have my lawyer get a hold of the bank and say, "I represent Mr. [Frank26] and Mrs. [Frank26] and they want to make an appointment for you to come to their house and collect a large amount of foreign currency"...My lawyer will already know exactly what the bank is going to offer me...The less contact I have with the bank the better...If you have a small amount then you're going probably go into the bank... Kaperoni If Iraq and the dinar is ever going to rise in value it will be based on Iraq's own economic success and growth of their economy, GDP. Only then can Iraq float the dinar to allow the world to determine its value based on supply and demand. Fnu Lnu International attorneys told meWhat would these attorneys know about such things - BS...there would be ten off premises exchange locations allocated by regional population throughout the Nation. I am assuming they are using the 10 United Nations Regions, roughly the same as Federal Regions...I was told...there would be an exchange facility in the most heavily populated city in that region. For instance, Region ten encompasses Washington State and Seattle would be the location for that region...Also, by Off Premises, I mean locations that were NOT inside banks but usually nearby to a participating bank...These are what the unlearned are calling Redemption Centers. Clare Article: "Economist: The window for selling the currency ends in 2024, and the central bank will devote itself to supervision" Quote: "The Central Bank of Iraq decided to end the currency window process and adopt correspondent banks as an alternative. There will be a new mechanism to provide currency for transfers without returning to the currency window or the electronic platform." MarkZ Out of Iraq Article: “Finance Committee sets date for 2024 budget tables to reach Parliament” This includes the HCL and funding for regional governments. This is moving forward within 10 days and could be a key piece we are looking for. Pimpy Don't forget Iraq is on self-imposed sanctions. Until they are cleared and there's no more restrictions over here [In the US] it's not gong to be that easy for you to find a place to exchange your currency. I'm not saying it's impossible...I reported Chase bank...was one of the banks you can go to...It's not going to be some fancy rate. It's going to be at whatever the current rate is at the time... Militia Man When have we seen banks openly talking and expressing, 'We know this is happening. We're talking about it.' Oh, yeah, things are going in our direction!
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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: ”South Korea confirms: The volume of trade exchange with Iraq is increasing as a result of security stability" Clare Article: "Saleh: Iraq is experiencing high price stability and the decline of parallel market noise " Sandy Ingram Article: "Iraq's central bank revokes Iran's Bank Melli operating license" This article tells us the US is serious about not allowing Iran to have access to US dollars. It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve. Pimpy ...You don't need to go to a Redemption Center...I bank out of Wells Fargo. I went in there, talked to my manager. He said this if the exchange rate is very large and you end up making a lot of profit off it, Banker: 'All you got to do is call, let me know when you come in or just walk in, wave to me so I see you and tell me that you're coming to exchange your currency. We will go ahead and run it through the machine to make sure it's not counterfeit...once we say it's all good we deposit it directly into your account.' ...They don't ask for a receipt. They don't ask where you got it from. They don't ask you about any of that... Militia Man Iraq is moving towards going into a market economy...it's quite obvious...Tensions are the trade lines between Egypt and Jordan because of the Red Sea. There's been some chaos going on with different factions disrupting trade...Iraq's Development Road Project Article Quote: "Iraq supports an alternative to the international transport lines that deliver good from the East to the West." Everything's coinciding at this time with the major international transport companies coming into play... Frank26 [Iraq boots-on-the-ground report] FIREFLY: So far we are not seeing the lower notes but they talk to us about them every day. They just talk to us about them and why we'll need them. FRANK: They are talking to you about the lower notes and coins because they are about to show them to you next week or the week after. I believe your bank friend will show you something in the sense of pictures...Take as many pictures as you can. yada Question: So i'm hearing the lower notes still not out yet? how does this timing line up with what we want? does it happen before or after or the same time if rates are already up and waiting? yada: when the rate is released the lower denoms will have value and released afterwards. Almost simultaneously.
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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 Fnu Lnu Some opine that there is no such thing as a Redemption Center while others claim to be in contact with such Centers and their personnel. What they (redemption centers) are, is a simple solution to a simple problem. Many of the large banks in heavily populated urban centers were concerned about having the Dinar traffic clog their lobbies at exchange time. The solution is to have a separate, off-premises, specialized, Exchange Center, complete with DeLaru computers, in the most populated city in each of the 10 federal regions...I haven't been informed of any changes. Just say what they are - BANKS, without making up a story. MarkZ We got another bank story overnight from a wealth manager who is reaching out to clients saying “It is time- get everything prepared ” He means to get currency together and make certain they have ID’s updated if needed. He says they are at “Any moment now”. To me this is really encouraging as a lot of these stories are from bank personnel who used to say…”It’s a scam-don’t do it” when asked about buy foreign currency. Now they are telling me “you were right all along and get prepared”...we will not know the exact timing or the “when” until it actually happens. But they are now openly preparing many of their clients. We are hearing more and more repeat stories about this. But being leaned on hard to not share details right now. Pimpy I want to make myself perfectly clear - Deletion of the zeros, Lopping or redenomination are all the same thing. All they're doing is changing the face of the bank notes. That's it. An increase or decrease of the Iraqi dinar against other foreign currencies is a change in the exchange rate. That's different. And NONE OF US knows for sure what Iraq is going to do..! Militia Man The 2024 Word Global Summit... Article "Al-Sudani cancels his visit to the Emirates and apologizes for it" Why did he cancel? Why did he not go to a World Global Summit? ...all the other countries...180 are all there. Sudani didn't show up. There's got to be a very important reason why he didn't... Article Quote: "The Minister of Finance participates in the session of the World Government Summit in Dubai.." And Sudani didn't go...He stayed home, he talked about his borders...armed forces...his people...Why? He had to apologize for not making it. There has to be a very good reason I would think. We're going to find out what that reason is...Soon I hope.. 2-13-2024 Intel Guru Frank26 IMO when you see the prices in the [Iraqi] markets start to drop, get excited. Goldilocks Article: "Viet Nam’s exports surge 42% in January" Quote: "Viet Nam’s exports reached nearly US $33.6 billion in January, a 42 percent surge over the same period last year and the highest level since April 2022...The increase in their goods and services will begin to increase price pressures on their currency to meet these demands through digitized payment systems."
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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: Iraq today has the highest levels of foreign reserves in its financial history" Pimpy I've heard this story a zillion times - It [the Iraqi dinar] used to be $3.22 so if you adjust for inflation it's going to be much higher. If that was the case do you understand how much higher the Kuwait dinar would be? It's around the same as it was 7,8, 10, 20 years ago. You don't see them go, 'Hey this year we raised a whole another dollar because of inflation.' No. That's just ridiculous. I've heard that all before. It's not adjusted based on inflation...There is no currency exchange out there right now that you can find that's even remotely close to $4 let alone $7... Militia Man Article Quote: "The World Bank praises electronic payment systems in Iraq the best in the region." So they're praising Iraq as being the best in the region... Quote: "The infrastructure of the electronic payday system and software systems in Iraq is among the best systems in the region according to the Iraqi Central Bank"
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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 There's evidence the project to delete the zeros off the exchange rate is underway or is still on the table. It exists and that's because of who said it. We know Al-Alaq has said it and it's been referenced to one of his financial advisors...Saleh. Frank26 [Iraq boots-on-the-ground report] FIREFLY: A representative from the CBI is talking to us in great detail about the new coins they will be giving us, along with the new currency notes...He said to us once again, the process to delete the zeros is in the process. It made us smile. He said this process is occurring because the lower notes will not be needed if the rate wasn't increasing. He said, if the CBI didn't come out with these lower notes the monetary reforms would be a disaster. He said that's why we need a change in our rate... Goldilocks Article: "Vietnam's Rise as a Global Manufacturing Hub in the Era of Resilience and ESG Compliance" Quote: "Vietnam's cost-competitive manufacturing capabilities, expanding consumer market, and supportive policies make it an attractive destination for foreign investment. Despite challenges, Vietnam is well-positioned to capitalize on this trend and cement its position as a key player in the global economy." Zester Here is a little news: Article: “Iraq revokes Iran’s bank Melli operation license” This article is interesting because of what is mentioned in it… That there are many banks in Iraq that are banned from participating in the daily US dollar auctions held by the CBI…to stop the smuggling of US dollars to Iran and that Iraq has reserves of over $100 Billion dollars held in the United States. From Rueters.
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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: ”Politician: The UN and international praise for the Sudanese government and its achievements are unprecedented"
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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 Last year we sent many of you to banks and you came back with the same story, 'They said it's a scam.' Towards the end of December, 'Some of them are telling us it's not a scam and they talk to us.' ...January more and more banks are saying, 'We know. We just don't know when.' That's why I believe that bringing you a bank story with the bank information can be helpful. Clare Article: "Netherlands: About 60 thousand Iraqis live in our country and we are waiting for the Sudanese to visit" Quote: "Dutch Foreign Minister Hanke Bruins-Sloot announced on Tuesday that about 60,000 people from the Iraqi community live in her country, while she confirmed that Amsterdam is awaiting an upcoming visit by Prime Minister Muhammad Shiaa Al-Sudani."
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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 There was a kind of documentary out showing how they were destroying triple zero notes. Think about it, if you had printed trillions and trillions of notes, it takes a long time to reduce your note count....The fact they were going to be doing this whole delete the zeros project from the exchange rate they were going to have a use for what? [Coins]. They even talked about coins in the last week...The project to delete the zeros, they're still in the process of doing it. Frank26 Article: "Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven" TAKES YOU OUT OF CHAPTER VII... AND PUTS YOU IN AN INTERNATIONAL BASKET! MarkZ Comment: They cannot use lower denom notes without the RV/RI- it would be an economic disaster. Mark: Yes it would. There is no need for lower denominations unless the big ones have too much value. Militia Man They [Iraq] have been on steroids... ever since Al-Sudani took office and they allowed him to go to the UN assembly meeting and then over to Davos. Now the UN is talking about releasing them from UN Chapter VII sanctions because the mission from the UN is coming to a close...
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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 There are many countries that have a ton of resources and the governments are rich but the people are poor. I've been a huge supporter of the Iraqi people. I keep praying their government gets their **** together and they're able to prosper from the resources they have. There's no reason for them not to. Sure I want to make money off the Iraqi dinar but...not at the expense of the Iraqi people...I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power. That means they're able to buy a lot more things with their money...An increase in the exchange rate would benefit them greatly... Clare Article "Iraq increased its possession of the yellow metal to more than 142 tons" Quote "Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons." SEE: Iraq raises its gold possessions to more than 142 tons - 2/07/2024
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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 We're in the process of watching it unfold...Everybody should be able to be excited because the news is collectively showing Iraq is moving to a private sector/market economy and there's partnerships with the public to be able to facilitate it. Kaperoni I remind people again Iraq's entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars at present. With over 40-100 trillion dinar in circulation Iraq could never RV the dinar! Only with the success and growth of Iraq's economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq's GDP increases. Sandy Ingram The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves. The IMF has continually said Iraq needs more income streams to offset the oil industry. The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams. MarkZ Article: “Central Bank of Iraq is facilitating transfers” ...this has to do with the electronic platforms...the claim that they made...by government officials that Iraq has the most modern system in the entire middle east. This is big...It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies. (Reposted)
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy I already said this about the World Trade Organization - There is no certain exchange rate that you must have to get into the World Trade Organization. What they're looking for is an exchange rate that's very stable. Although...IMO I'm pretty sure they would prefer it if you didn't have so many zeros. Clare Article: "The Governor of the Central Bank of Iraq receives a delegation from the World Bank" A Separate Article Quote: "The World Bank confirmed on Wednesday that the infrastructure for electronic payment systems in Iraq is the best in the region."
