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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** Article: "Al-Rafidain Bank Leaves The Seventh Item" How many times have I told you Iraq is Article VIII? Since January 2018 because that's when I told you they started using a second set of books...we have an article from the IMF that said very clearly that yes Iraq is Article 8 because we're allowing them to use "mechanisms" of Article 8 for their monetary and economic reform...(post 1 of 2)... *** Frank26 *** Quote: "Al-Rafidain Bank announced today, Thursday, that it has withdrawn from Article seven that was previously imposed on it...the exit decision came after fulling all the financial obligations to international financial institutions..." They're telling you they are not at a program rate anymore...this is stupendous. This is immeasurable...[this article] explains why they're not handcuffed anymore. It explains why they are article 8. It explains why they're international. Soon they'll explain why their currency is international because they lifted the 3 zeros...(post 2 of 2)..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "Saleh: High oil prices will push the government to prepare a supplementary budget" I already heard some of the gurus out there thinking that this is something to do with changing the rate...IMO nowhere on here does it say this would affect the rate of the dinar. One of the reasons why they have a lower deficit than they had before is because they devalued the dinar. So if they wanted to hurry up and be able to cover their budget you might not see a change in the rate of the Iraqi dinar... *** MilitiaMan *** Article quote: "An economist warns of a decline in the citizen's purchasing power as the dollar’s exchange rate continues to rise" ...a move to the private sector is upon Iraq...If not disaster looms... We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo... That is powerful. 0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar... Fairly sure that is the plan and the world knows it... As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc... All support the move and even a digital one...they are all involved in the architecture of the larger plan...imo... Unfortunately today there were cash sales: Total sale cash 200,000
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article quote: "Today Sunday the World Bank confirmed that changing the exchange rate gives the state the ability to increase its revenue..." ...They are not talking about decreasing. They're talking about increasing...if they keep the exchange rate lower, imports are going to cost more. If they increase the exchange rate imports cost less... *** MilitiaMan *** Article: "Advisor to the Prime Minister: Creating new electronic payment cards that will enhance the advancement of services provided to citizens" DIGITAL MONEY!!! I seriously like to hear this. They told us about this... It is and was part of the plan of a level playing field. Get ready to be cashless than before. They told us there would be a smaller amount of currency in circulation. Well when they adjust the exchange rate accordingly they will need less cash. As it will be worth more...imo *** MilititMan *** Article: "Al-Yasiri: The Central Bank's initiatives have contributed to employing the unemployed and moving stalled projects" Quote: "the aim of changing the exchange rates is to support the Iraqi product in competition with imported products...He explained that "some sectors will respond immediately to this change..." I would have to agree that the response will be immediately. They change the exchange rate and the markets respond in like kind. And in a big way. Contracts will require it!!! imo.. The news is off the charts good...the way they are talking today and yesterday. Comprehensive development process have been on going and we are now finally see the fruit of it all! imo *** Footforward *** ...Based on my "opinion", 3.18 makes more sense as a date then it does as a rate. In my "opinion" the rate "can't" be that low. That's not financial or investment advice. My opinion (again not financial or investment advice) is that the dinar has to be over 3.50.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** The budget law is the key I believe to bring forth the new exchange rate. I don't know if the budget is going to have the new exchange rate. IMO the budget has a rider in it to be able to bring it back retroactive to January 1st. I do feel deep in my heart that this budget is highly involved with the new exchange rate that they are going to be coming out with. *** Footforward *** Article: "Iraq' 2021 Budget law to be approved this week..." Quote: "Iraq' 2021 Budget law is expected to be approved tomorrow Tuesday..." Which is good news. But I'm 97% sure that the new rate is not going to be in that budget and will come out in something shortly after the budget's released. It's not financial or investment advice that is my opinion. 2-2-2021 *** Jeff *** Article: "Parliamentary Finance meets with official from the World Bank" In the past they've never really had the World Bank and the IMF involved with budgets. The reason they have the World Bank involved with this one is because this budget is now linked to the rate change. It has reforms in it which the World Bank has financed. Because they financed the reforms they need to monitor what happens in Iraq financially because they have a vested interest...payments can only be paid back to the World Bank with internationally recognized currency.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan *** Article: "Sairoun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government" The reducing the price of the local currency is not going to happen again. 1182 Didn't work 1190 didn't work nor will 1460 if left with out deleting the zeros from the exchange rate. imo *** NORV *** [aka Kaperoni] ...there is no intent to redenominate the dinar...First it would take parliament approval, and second their would be no reason to encourage exchange and settlement among middle east countries (Buna) and eventually the world if they were planning to redenominate (LOP) the dinar. Not to mention, Iraq has had less than 3% inflation for the past 20 years. The plan for Iraq is like other middle east countries which is to diversify, create stability, employment and a private sector, foreign investment to improve the economy and create economic growth...only then the dinar can appreciate as a result. There has never been one indication that the IMF would support such an event, in fact they speak of allowing the currency to rise. Even the recent devaluation was not random, but an attempt to preserve the central banks reserves as well as meet compliance with the IMF. It is well documented... *** Jeff *** Article quote: "the idea of raising the price of the dollar is an international policy shared by the Ministry of Finance, the Ministry of Planning and the Iraqi government, especially the International Monetary Fund." ...since they devalued the currency on December 20th the World Bank and the IMF have been putting a big emphasis on Iraq bringing forth this rate change, get the reforms going and improve Iraq's economy... That's all for today folks ... Blessings ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra *** Article: "Finally, the 2021 budget is ready for approval in Parliament" Quote: "the Parliamentary Finance Committee will, next week, distribute copies of the revised draft of the Maronite law to the heads of political blocs 24 hours before the date of the voting session on the budget law." The source pointed out that "next Monday is the day set for resuming parliamentary sessions and voting on the budget law." So, IMO, BIS requires at least 24 hours notice prior to any formal rate change within all CB's around the world. They, in turn, relay that information back to all the CB's globally. Now, if you read what I just posted the final "draft" will be sent...24 hours prior to the vote. Interesting timing. This may be something, maybe nothing, but it sure falls in line with rate before budget. They are to vote on Monday as Tuesday is their "last day of session!" So, timing is sure unique and allows the ledger to reflect the rate change retroactively back to Jan 1. Again, IMO. *** Jeff *** Article: "Shocking parliamentary warning: The dollar may rise to 500 thousand dinar" ...this is not even from the Central Bank...this article is pure trash...Anytime financial information is put out in the news if it's not from the Central Bank I would be very careful trusting it. Be careful trusting only one single article... Article: "Parliament intends to reduce the dollar exchange rate in the budget". Here's what they're really going to do...they have to. Their inflation is rising and they have to bring it down. *** Adam Montana *** [Q" : Do you think Iraq will go to a digital currency? And Do you feel it will happen at the same time, before or after the rv?] Eventually, yes. After. The timing for an RV is good now. The timing, technology, etc for converting to digital isn't quite there at the moment. Taken from another site that follows Adam and posts snippets from his chats. See Adam's full chat on our DV Chat Logs forum at: Adam Montana Weekly 27 November 2021 *** Bruce *** ...what we are looking for them to do is to do a final vote...of the budget - AND…the HCL...The HCL is the Hydro Carbon Law - it’s the Oil and Gas Law...the law that takes percentages and attributes the percentages to the region of Kurdistan and the rest of Iraq and Baghdad...they are going to vote on is a final vote on 2021 budget and the HCL on Monday...but to be able to do that they have to have a new rate on the Iraqi Dinar before the vote...one of our individuals that lives in Mosul...said that has to happen before Monday – well guess what? The first business day for Iraq is Sunday – my gut is they will have that new rate on Sunday...the timing is interesting as far as the vote on Monday – Remember – we do have a group of people over there in Iraq to help them finish this – and give them any additional help they need regarding the reevaluation of their currency – What is it going to come out at? I don’t know exactly – I know it should be really good – along the lines of what Dr Shabbibi said it would be – back in 2012... We shall see, but I think it's unlikely...RON *** Jeff *** They'll have the budget done by mid-February. That's all that matters. The exact timing of this has nothing to do with the rate change. Even if they complete the budget in a week or two it has nothing to do with the timing of the rate change. The rate change will have everything to do with the timing of their fiscal year...Iraq is walking in Kuwaits footsteps...Don't forget Iraq kind of already gave you the rate change date - when they devalued the currency on December 20th. That was a 90-day tool for the rate change...to reduce the dinar note count and get more 3 zero notes out of circulation within the country of Iraq...you guys are in the best spot you've ever been in. We're looking really good...
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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. *** Adam Montana Article: "Representative Energy: We have dealt with the oil and gas law disputes and will vote on it soon" HCL is such a key component right now. In fact, 98% of this RV hinges on when and how the HCL is finally completed...and with things like that coming out, you know we aren't far now! Taken from another site that follows Adam and posts snippets from his chats. See Adam's full chat on our DV Chat Logs forum at: Adam Montana Weekly 27 November 2021 *** MilitiaMan Article: "The International Development Bank announces its joining the "Bani" platform" Quote: "work is underway to introduce the Iraqi dinar currency on this platform soon to encourage the use of Arab currencies in financial and investment transactions in accordance with international standards..." When using terms lately like being forced to do things for a purpose like we saw with the IMF aligning the IQD with the SDR Basket imo, here is one were they are telling us they are unremitting in their efforts to get settling and clearing payments with in the AMF, region and abroad. Looks like it is signed and now about ready to go live. Wow! imo. *** Petra ...when they made that move [devaluing the currency] the clock started. And that clock is ticking down fast. Because they can't stay at that rate much longer. That's the biggest key to me. They've got to drive the truck home. The train has got to arrive in the station. Whichever analogy you choose to use. They can't stay at that rate much longer because it's gonna effect their people and their entire economy. We know the white papers don't work without it. Nothing works without it...if folks don't see it they're blind...if there's an end game we're at the final piece of it... *** Mnt Goat ...if you are under the impression (or assumption) that passing the 2021 budget is going to get you some RV...There is no new RV rate in the budget. *** MilitiaMan Article quote: "Baghdad will be able to apply for a quick loan of two billion dollars through a special mechanism in the IMF dedicated to supporting the economies of countries." Iraq didn't get loans in the recent past from the IMF in the manner in which they speak now... That is because they were not ready yet. Now they apparently are ready to go international., as the IMF and others are working in tandem and have precautionary measures in place to make the transition smoother along the way.. imo. That's all for today folks ... Blessings ... RON
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Walkingstick and Frank26 They finished. They found the sweet spot. They collected enough of the three zeros. We believe over 40 trillion extra. They are very happy with what they have as far as their numbers - the counts of the notes...we sense a rush to this process...they'll meet this coming Saturday. They're putting together the poster-boards to show to the citizens...This coming Saturday they are making their final decisions... *** Bruce We were under the impression that Iraq had read their budget...our understanding is they did read the budget 3 times ...We did not get confirmed whether that made it into the “official” record or it may have made it into the official record and just held back so we did not see it - because if we had seen it - it would release the actual value of the Iraqi Dinar ... it looks like the budget was passed – it looks like they might have a new rate... *** Mnt Goat Article: "AFTER THE ECONOMIC CONSEQUENCES...THE DEVALUATION OF THE DINAR "PREPARES" FOR NEW PROBLEMS FOR THE IRAQIS" Quote: "IT FORMED A NEGATIVE IMPRESSION ON THE INVESTMENT SECTOR, so that IRAQ HAS BECOME A REPELLENT ENVIRONMENT FOR FOREIGN INVESTMENT." ...this article tells me they must raise the rate of the dinar against the dollar very soon or they will never rebuild their economy. We know the main reason they did this was to pay off their outstanding debt... *** Adam Montana We have some optimism on the Budget side, namely: Articles: "Barzani's party affirms guaranteeing Kurdistan's share of the budget: "No obstacles" so far"; "Parliamentary Finance: The budget will be ready next week" If the Kurds weren't happy with their share, there would be a problem with HCL. This says the opposite - all in agreement, ready to go next week, and that says to me: Let's go HCL! ...GO RRRRVVVVV..!!! Taken from another site that follows Adam and posts snippets from his chats. See Adam's full chat on our DV Chat Logs forum at: Adam Montana Weekly 20 January 2021 *** Mnt Goat ...they already told us in many previous articles that they have already collected substantial amounts of the currency and that electronic banking is now effective in every major city. We also know that limited amounts of the newer lower denominations are in fact already printed. ...do not give up on the reinstatement of the Iraqi dinar. It will be reinstated when the corruption both in Iraq and in the US is dealt with and things settle down... *** Walkingstick and Frank26 IOO they are finished with the tally. They are finished collecting the 3 zeros and they are happy with the results. The CBI is very pleased with the note count...this Saturday coming up they will continue to meet...It is our opinion that they are now going to talk about the new small category notes [NSCNs]...the topics they're covering are - how they are going to present it to the public. Which ones because they may not come out with all the categories/denominations at the beginning. The value. In other words the exchange rate. The note count that is to be distributed - how much are we going to be putting out into the streets. They will continue the distribution of these notes even as they bring in the 3 zero notes before, during and after this whole process. There seems to be a mad rush to do this. We believe they brought in another 40 Trillion 3 zero notes. *** Frank26 the budget itself is about to come out. Now, if they come out with the budget, it's exposed. It goes into the gazette and everyone will be able to see what the rate is...the exchange rate is not waiting on the budget. The budget is waiting on the exchange rate and now we see the budget ready to be released for the 3rd reading. That's all for today folks ... Blessings ... RON
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Good Afternoon DV, here's a few opinions & comments that might be of interest to 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. RON *** Pimpy *** Article: "The Foreign Ministry talks about its measures to remove Iraq from the list of money laundering" This is good. They need to get off this list. There's all kinds of sanction and penalties...with Iraq for being so corrupt over the last couple decades. They're really starting to get their ducks in a row...we want them off this list. That's a good thing. *** Pimpy *** Article: "American diplomat James Jeffrey: Trump's model will continue in Iraq and Syria" This article is long but what it does it goes on to explain that the way Trump approached dealing with the Middle East obviously was nothing like prior administrations...he would go down to the ground level and speak directly to those who were boots on the ground and from there make his own decisions. It worked obviously.
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Jeff *** The U.S. elections have nothing to do with the rate change. I just want to stress that...Iraq has already achieved stability. They're now in forward motion to change the rate. *** Mnt Goat *** Article: "OBLIGING BANKS TO LEND TO SMALL BUSINESSES" Quote: “allocate amounts of their liquidity of at least 50 percent as soft loans to build industry and agriculture, encourage the establishment of factories and factories”. Is this not what they have been attempting to do all along for years now. But they could not since the public did not want to deposit the dinars in the banks. So it appears the strategy of collecting the dinars has worked and the funds are now available to loan out. This will help kick-start the economy, something that is needed. *** Pimpy *** Article: "Parliamentary finance resolves the controversy and reveals the fate of the dollar exchange rate in the budget" They keep talking about the exchange rate. You have one side of the puzzle piece saying they need to devalue...they need to figure out what to do to just get by...I do not anticipate it being devalued very long...sometime in the 2nd and 3rd quarter I anticipate we will start seeing in increments IMO the increase in the value of the Iraqi dinar... *** Jeff *** One of the signs we were looking for to know we were getting close to the RV...we were looking for them to reduce the amount of U.S. dollars auctioned off off at the auctions. That has been achieved. Article: "By more than three quarters ...a "significant" decline in central bank sales" They used to auction off hundreds of millions as of this morning they've only auctioned off 3 million 250000 US dollars...we are looking very good. *** Frank26 *** We told you...they needed this past Friday and this coming Friday - these two weeks - to do a tally. To add up how many 3 zero notes they got in. I'd like to say to you they are done...What happened in the first week of January and the second week of January was for them to take account, a tally, and see if they reached the sweet spot...because they reached the sweet spot they all of a sudden come out and start to talk about the U.S. dollar going down tremendously in the auctions of the CBI...How many dollars were put through the auction yesterday and today? Nothing! That's exactly what we want to hear...(post 1 of 2)... *** Frank26 *** That's number one. 2. They all of a sudden are talking about the budget. What about the budget? 'Well we're putting in a new rate in it based on the fact that oil prices have gone up.' 3. 'We promise citizens of Iraq we are going to do another exchange rate and this one is going to be higher. We promise you!" Well golly I mean talk about the U.S. dollar getting out of here. Running out of 3 zero notes. Talking about the budget being approved and it's got a new rate because of the oil prices and now they promised them on television, 'Hey Iraqi citizens we promise there's another rate change coming.'..(Post 2 of 2).. *** Bruce *** There are things happening to prepare us for our ability to start – there may be one additional thing from the President that we’re looking for but I am not sure what it is...Some things have to play out – regarding President Trump – I know there is more to come from our President – I know that there are things that are planned and will manifest in the next week or so - The story is not over – let me put it that way – This story is not over yet – we are waiting – we are ready – most of us are really ready...
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** MilitiaMan *** Article: "Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market" Sure it confuses the market. They were not all ready for the devaluation. They were told in an article by the US Federal Reserve Bank that countries can and do devalue and revalue. Which apparently is about to happen in Iraq's case too. I have a feeling that the accuracy of the numbers in the 2021 are the focus and the manner in which they approach it today, could be a pivotal time frame. Today is the last day for reporting of a change if applicable with the UN. Not that is a smoking gun at all, just it is a reporting time frame. imo They have been hard at the budget for many consecutive days. The numbers after the second reading are very key.. imo.. Lets see what they do next. ~ MM *** Adam Montana *** Iraqi Dinar - we are looking so good here. There is nothing going on that has me even the slightest bit concerned, in fact! The way things are going, we could see an RV early this year. Things to watch for are HCL... The Iraqi Dinar is almost a sure thing, if you understand it... I'm done for now! Be happy, be safe, and GO RRRVVVV..!!! Taken from another site that follows Adam's posts and posts snippets from them. See Adam's full chat on the DV Chat Logs forum. Ron *** Bruce *** Now we are in a position – talking about intel that – I don’t know how to describe it – but it is as if we’re in a state of calm before the storm...We’re waiting – we’re in position – from the perspective of the redemption centers – they are pretty much set on “go” ...I really think that we’re in a position right now where something could happen very soon – but I do not know exactly when... I am excited about where we are... *** Frank26 *** Article: "Iraqi Finance announces new developments in the dinar exchange rate". You guys are going to do it again [change the exchange rate] but this time do it in a positive direction? Quote: "The Ministry of Finance promised on Friday to make an amendment to the exchange rate of the foreign currency against the Iraqi dinar" ...this is when you say praise God.
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Pimpy *** Article: "For the second day, the dollar continues to decline against the dinar in Baghdad and Erbil" It's not just an IR or RV you should be counting on. There are other things that can happen to help increase the value of the dinar. That doesn't mean an IR or RV is not going to happen. I never said that. I'm saying there are other things that can help the situation out. And one of those things are what? The purchasing power of the US dollar falling. In other words it's losing its value. There are articles galore saying the dollar is taking a hit. It should not be a surprise we are expecting this sucker to take a hit big time...the Iraqi dinar will go up in value against the U.S. dollar... *** MilitiaMan *** Article quote: "She hopes that these procedures will coincide with discussions within the House of Representatives on the budget, and it should be noted that the main policy measures to protect the poor and the vulnerable have been included in the budget and discussed in the minister's statement regarding the budget." To protect the citizens is to delete the zeros!! imo This is HUGE.. Wow..!
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Good Morning DV, here's a few opinions & comments that might be of interest to 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. RON *** Mnt Goat *** Article: "AL-KAZEMI: STOP BIDS AT THE EXPENSE OF IRAQ" Quotes: "The Prime Minister, Mustafa Al-Kazemi, spoke on Saturday ABOUT THE LAST OPPORTUNITY TO ADVANCE THE COUNTRY,"; "...WE CARRIED OUT REFORMS AND PREPARED A WHITE PAPER CAPABLE OF FACING THIS CRISIS AND THE COMING CRISES, AND WE WILL NOT ALLOW THE COLLAPSE OF IRAQ OR ITS BANKRUPTCY..."; "THE YEAR 2021 IS THE YEAR (THE IRAQI ACHIEVEMENT). WE WILL ALL REACH THIS ACHIEVEMENT QUICKLY AND EFFICIENTLY, AND THE STATE WILL PREVAIL. IRAQ WILL TRIUMPH OVER ALL CHALLENGES." I have said this before that this is Iraqi’s last chance for the needed reforms. There will be no other opportunities. Heh, didn’t they tell us recently that they planned on a 5% GDP in 2021? *** MilitiaMan *** Article: "Iraqi Finance announces new developments in the dinar exchange rate" They say this is a new development in the dinar exchange rate. Well, fairly sure we can see that this was a part of the plan for some time and they are rolling out that plan...They used the Devaluation on purpose, imo, knowing that there would be effects both of which served a purpose to stimulate the citizens to bring in additional 3 zero notes, citizens feeling that if they devalue again to 1660 they would lose even more purchasing power. ...Regardless the plan was to be short lived and it appears to be the case now As, we see the Finance Minister has promised today to make an amendment to the exchange rate for positive effects and with supportive measures...It sure looks like the process was to devalue ahead of the revaluation to come as part of the plan has legs. The US Fed told us they can Devalue and Revalue and it appears to be holding true.
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Mnt Goat Article: "IRAQI BANKS HAVE UNDERTAKEN REFORMS, COINCIDING WITH THE IRAQI GOVERNMENT’S MEASURES TO REFORM THE ECONOMY." Quote: "The Central Bank of Iraq announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the country’s fiscal deficit in the state budget for 2021 from 70 trillion to nearly 30 trillion dinars." so once again here it is in black and white in the news...It is what I have told you as to one of the reasons why the devaluation of the dinar... *** Mnt Goat Article: "THE DOLLAR IS DROPPING IN IRAQ" ...the CBI monetary strategy is working…
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Pimpy Article: "The dollar is dropping in Iraq" The dollar is dropping in Iraq. That's good. That's what you want to see happen. If the dollar value is dropping against the dinar that means what? The dinar value is going up...this is based on the market's response to the dinar... *** Mark I expected way more news over the weekend then we got…There are rumors that the Wanta-Reagan-Mitterand funds have been put in place. Just not released...These funds are real…do some research…if these funds are positioned for release…that is a good sign...that tells us we are close to a reset. There are a number of articles about many countries moving toward an economic reset…this lets us know we are getting close and moving toward the final days. *** Jeff Article: "The Central bank's sales of dollar are falling to the lowest level". This is what I told you guys we were looking for for the rate change. You guys are officially in the season for the rate change...they do have to change the rate by the end of March. *** Pimpy ...they're already complaining now about the fact that the Iraqi dinar needs to be revalued after they just devalued it...when they revalue it they're only talking about coming up just a little bit more. They're going to do it in increments...my guess is you're going to see them go in increments. IMO...every six months or so you're going to start seeing increases in the value of the dinar. Not decreases. It's not going to go crazy. It's not going to be some huge RV. Although that doesn't mean it won't happen. I'm just saying IMO that it would go up in increments...This is a good start. We like to see this...
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Pimpy *** Article: "Security Council Sanctions Committee concerning Iraq Removes One Entity from It's Sanction List" Rafidain Bank has the sanctions against it have been removed. This is good news. This means that they obviously have behaved themselves...all is good. *** Mnt Goat *** Article: "IT WILL CREATE THOUSANDS OF JOBS AS IRAQ ASPIRES TO BE THE “MAIN STOP” ON THE SILK ROAD" the “silk road” is not going to happen with a currency that is almost worthless. *** Pimpy There's an assumption that the budget has been passed. I'm not sure that's the case because it says that it's been received. Article: "Parliamentary Finance receive the budget and reassures employees about salaries". My guess is that [the budget is not passed] because the agreement between Erbil and Baghdad has not been finalized. Although the part that matters for the budget to go forward has been agreed upon...
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Mnt Goat *** Article: "ECONOMIC WELCOME TO THE DIRECTIONS OF RAISING THE INTEREST RATE ON DEPOSITS" ...They are telling us what the CBI is doing with the devaluation. ...They need to collect these 3 zero notes and if they can’t get enough of them off the streets they are not going to go ahead with the project to delete the zeros. ...they are following the process. So if a part of it is slowed down then they have to wait, but the process is being followed. ...the devaluation was a very desperate move on the part of the CBI and they did not want to do it. They were forced to do it in order to get the loan from the IMF to pay December salaries. Also because they got the loan it was conditional on following the advice of the IMF and the World Bank on the next steps to get to the final outcome and reinstate the currency. It may seem all is lost now but the plan is working so far. *** Jeff *** Article: "Parliament Finance talks about attempt to withdraw the Iraqi dinar from the local markets" The reason they're putting the dollar into the market and getting the dinar out of the market is they're trying to reduce the amount of dinar in the county in preparation for the rate change. This is a direction that came from the World Bank and the IMF...You are literally in the season for the rate change. You're there finally...they have the stage set for the rate change. We are in the best position we've ever been in... That's it for today Folks ... Blessings ... RON
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Good Morning DV, here's a few opinions & comments that might be of interest to 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. RON Jeff Article: "Parliament Finance talks about attempt to withdraw the Iraqi dinar from the local markets" They're now setting the stage for the rate change process. That's exactly where they're at. They need 90 days on this...Iraq will change the rate in very close proximity to the timing of their fiscal year which starts April 1st...they need 90 days to withdraw the note count... MilitiaMan Article: "Ministry of Commerce: the middle of next month, the date for the application of the electronic payment system" The push is on imo... They don't have much time between now and the mid month January time frame they give...to implement the electronic payment system. The minister of Trade had obstacles to overcome and it appears the obstacles have been overcome now. The electronic payments should be from my understanding be done with a new digital dinar. There words not mine. [post 1 of 2....stay tuned] MilitiaMan ...The country has obviously devalued for a purpose(s)...In my view they have a plan that included the devalue, then a subsequent deletion of the 3 zeros and then the intention is to defend the exchange rate for stability. The electronic payments may very well be a very supportive clue to the accuracy of my view. We shall see. imo. [post 2 of 2] Adam Montana Iraq just changed the rate. Granted, it was the wrong way... but they are already talking about changing it again. You don't need me to tell you where this is headed. Hang tight, friends! Taken from another site that posts snippets from Adam's chats. See his latest chat at: Adam Montana 30 December 2021 Mnt Goat Article: "BAGHDAD’S CURRENCY DEVALUATION LIFTS LID ON IRAN’S EXPLOITATION OF IRAQI RESOURCES" Here it is in black and white...I quote from the article: “The DECISION TO DEVALUE THE IRAQI DINAR AGAINST THE US DOLLAR HAS HAD POLITICAL AND STRATEGIC IMPLICATIONS FOR IRAN AND ITS MILITIAS IN IRAQ AND THE REGION”. ...they are killing 2 birds with one stone. ...they are accomplishing multiple objectives with the devaluation. It is a powerful & strategic move. It means it is not about a falling economy and a country about to go broke, but rather a means to a bigger end.
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Good Afternoon DV, here's a few opinions & comments that might be of interest to 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. RON *** Mnt Goat Article: "THE DOLLAR FACES THE IRAQI DINAR IN TWO WAYS: 130 OR 160 THOUSAND PER 100 DOLLARS ... AN INTERNATIONAL PROPOSAL FOR BAGHDAD THAT "RAISES THE PRICE MADLY" So this article is telling us that in order for Iraq to get a loan necessary to pay salaries for December they had to devalue the currency under pressure from the World Bank. This pressure was exerted on the Financial Ministry first and then to the CBI...But remember this – how will the GOI pay January’s salaries? *** Adam Montana Article quote: "The deputy speaker of the Iraqi parliament, Bashir Al-Haddad, said Tuesday that Parliament has received the draft federal budget for 2021. This comes at a time when the Kurdistan Regional Government said that the agreement reached by its negotiating delegation with Baghdad is included in the draft law." Agreement with Kurds - this is not precisely HCL, but it's also not not precisely HCL. The point there is that if there was ever a time this is going to happen... it's probably upon us. Taken from another site that posts snippets from Adam's chats. Not sure where this was, but see his latest chat at: Adam Montana 30 December 2021
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON Jeff Iraq has now officially announced to us that they have implemented the reforms as of Sunday December 20th when they devalued that rate...they've got to change the rate by the end of March...Now that they've devalued the Iraq dinar they have now told you they've officially started the reforms. Kaperoni ...There are no arbitrary reevaluations or reinstatements...that's not how monetary policy works...the Central Bank of Iraq has to follow strict rules as well as rules and process from the IMF...This is a very complicated time for Iraq...It's going to take Iraq several months to get back on track and move forward... Jeff Article: "Employees complain: owners of K-Card outlets in Mosul distribute salaries in dollars at the new exchange rate". You know what they're doing? They're injecting and defusing more of the U.S. dollar to get the dinar out of circulation on top of the fact that they've devalued it to squeeze more three-zero notes out of the citizens from their mattresses...this step to reduce the note count needs at least 90-days to be effective...they implemented this step on December 20th exactly 90 days before Kuwait historically changed the value of their currency which was March 24 of '91. That same day today would be Sunday March 21st of '21... Breitling What's happening in Iraq, what's happening with their currency is only good news...I know people are in panic mode...I've got email from people asking "Should I get out? Is this over with?" That's furthest from the truth. It's the complete opposite...Iraq is in debt. They want to get out of debt...one of the strategies of getting out of debt is lowing the value of the currency. Then you pay at a lower price. Then when you're done making those payments guess what? You add value back to your currency. And that is what Iraq is doing... Pimpy Article: "Today, Sunday, relative stability in the exchange rate of the dollar in the local markets" ...The rate was changed to 1450 dinars for every 1 dollar but the exchange rate on the stock exchange it's actually performing pretty good. It bounces somewhere between 1410 and 1430. That means the dinar is stronger than they had pegged. So it's doing very well in the markets. MilitiaMan The focus is on their reserves and that there is strength to the dinar. The recent devaluation was on purpose for a purpose. That purpose is to have liquidity to support the public finances while they de dollarize the country...Modifying the exchange rate is on the table with House of Representatives this next week, as early as Tuesday - Wednesday... Lets see what they do. imo.
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON Frank26 ...What's going on right now with this change in rate it's having the effect it's supposed to have. A lot of people are now coming into the banks in Iraq with their mattress money...they are doing exactly what the CBI is telling them to do. They are moving faster than ever before. This rate is not a permanent thing. I've said that over and over again and I will continue say it... Adam Montana With an official announcement of the move to devalue the currency, many people will be running to sell their "now worthless and doomed" currency. Many larger holders will almost have no choice but to take the loss, selling their dinars back. And Iraq will be sucking up currency from the outside, decreasing the external supply, and therefore decreasing their liabilities, which makes it cheaper for them to RV. This is not rocket science, my friends! This is the kind of announcement they can afford to make, because it works in their benefit. They would never announce a future increase in the exchange rate, because investors would do the opposite - rush to buy dinar, which would cost them money. I could go on for hours. Pages and pages could be written on the reasons this is a solid move for them Pre-RV...Be well, Merry Christmas, and GO RRRVVV!!! Taken from another site that follows Adam & posts snippets from his posts. See hid full chat at: Adam Montana Weekly CHRISTMAS EDITION 23 December 2020 Jeff Article: "Unprecedented drop in the Central Bank auctions". This is actually one of the signs we've been looking for is to see the actual amount of money auctioned off or sold through the currency auctions...when they really reduce this figures and numbers that would be one of the signs letting us know that we're actually getting close to the timing of the rate change. Here it is. We wanted to see the overall volume decrease through the currency auctions and that's happened...that's a great sign and exactly what we want to see... Walkingstick This move [devaluation] that you're seeing - it was expected. You should consider expecting another move in the exchange rate of the Iraqi dinar. Not in a downward direction but in an upward direction...these two weeks we feel that they can get it done. But I want you to respect January...before a country adds value to its currency they normally devalue it... Pimpy Article: "The decision to reduce the dinar: To treat treatment or to stop the collapse" ...The choice was to devalue the dinar. Quote: "The Central Bank of Iraq statement regarding the reduction indicates it must be emphasized here that this change in value of the Iraqi dinar will be a one-time event only and will not be repeated." They have devalued the dinar. It's only going to be done once. And will not be repeated. That's a good thing. It means it can only go up from here. Frank26 ...When this [RV] happens there will not be a fan fair. There will not be fireworks all over the place. You think the fake media, ABC, NBC, CBS are going to cover it? ...heck no. You know how good that will make President Trump look? The only place you're going to see it is on the CBI website... That's all there is folks...Blessings...RON
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Pimpy Article: "The Central Bank is preparing for measures to achieve a balance between the dinar and the dollar" We've been hearing a lot of talk about the rate change...I kind of think what they are going to go ahead and do is raise the exchange rate. But I don't think it's going to be for long at all. We don't care about what they say, we care about what they do. They might say they're going to raise it and then all of a sudden BOOM they lower [Lower it is what we want to see] it's then we're celebrating big time. *** Jeff Article: "The Central Bank sets a new price for the dollar starting from Sunday" A bunch of articles have come out where they're talking about physically changing the rate this Sunday. Actually, 'raising the rate' which means devaluing the currency...They are telling you in the news they plan or intend to change the rate Sunday...Are these articles real/truthful? Or are they BS? *** Pimpy Article: "The Central Bank is preparing for measures to achieve a balance between the dinar and the dollar" Even if they do increase the rate what that means is if they increase it - for every dollar right now I get 1190 dinar. If they increase it I get like 1200 dinars. That's an increase. That's bad. That's devaluing the money. That's bad for us. I don't want you to get discouraged. The fact that they're doing anything with the rate change is good. Even if they increase it. It just means now we'll start seeing some movement on the dinar. It might be going in the wrong direction but I would not be fooled by that. Just hang tight to your dinars... *** Adam Montana [Q? : ..There's continued talk by powerful globalist groups about a possible "Global Reset"...I'm thinking...a Global RESET COULD mean that all things come out the other end more or less EQUAL - so what could that mean for currencies? Equal would be great, with regards USD/AUD and IQD values, right?] Things will never come out "equal" - That's why an RV is actually possible. Iraq lost a ton of equity/cash/value when they devalued thanks to Saddam. When they ReValue, they are just getting back to their "normal"...(post 1 of 2)... *** Adam Montana The globalist talk about a "reset" has a ton of losers, and it won't happen. Iraq resetting their value is just one country, with a lot of winners, and not many losers. It's a tiny event that won't rock the entire world, even though our world will be rocked. We are little people. Iraq is a little country, in the grand scheme. While I think a "global reset" would possibly be amazing, and do amazing things, it's also amazingly improbable. The Iraq RV is another story. It's likely, and it's likely soon...(post 2 of 2).. These posts was taken from another site that follows Adam's Opinions and posts snippets from them. See Adam's full chat at: Adam Montana Weekly 16 December 2020
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Petra *** We are down to a very short amount of time based on the IMF's statements from 2 weeks ago. We've got the BIS waiting to invest in the reserves of the Iraq Central Bank...we've go the UST. We've got IMF. The Central Bank. Everybody is ready to go. *** Adam Montana *** The writing on the wall is about as clear as it can be...follow along and enjoy! Article: "A Kurdish bloc reveals the fact that Baghdad and Erbil are close to signing a comprehensive oil agreement" ...this is HCL. Quote: "...delaying solutions delays the completion of the 2021 budget law." Are we reading that they want the HCL to pass with or prior to the Budget? It sounds that way! Quote: "the agreement will be included in the general budget law for next year." There we have it, kids! Quote: "the two parties announce within the next two days their new agreement regarding the export of oil and the delivery of customs revenues to the federal government." This would be today..(post 1 of 2).. *** Adam Montana *** Quote: "confirmed that the President of the Kurdistan region, Nechirvan Barzani, will visit Baghdad soon to sign a comprehensive oil agreement between the governments of Baghdad and Erbil." Basically, everything we have been witnessing - the increased cooperation between parties. Continued stability of the GOI. Elevated confidence in Iraq from the PTB all over the world. EVERYTHING we are seeing is pointing to HCL, a new Iraq, and an RV. Don't count your chickens just yet, but this is getting REAL. GO RRRVVVV..! ..(post 2 of 2).. These posts were taken from another site that follows Adam's Opinions and posts snippets from them. See Adam's full chat at: Adam Montana Weekly 16 December 2020 ***Mark *** On the RV front...I have seen no movement. There are still a number of people in place with great expectations of having something done before the 21st. No news out of Iraq…they are still in a holding pattern. Seems like the whole world is in a holding pattern waiting for the shoe to drop... *** Footforward *** Article: "Dinar value falls as Iraq contemplates currency devaluation" ...we have been waiting at least 7 years for that specific article. And I think it's fantastic...some of us have expected this from Iraq before the rv for a long time. 12-16-2020 *** Pimpy *** Article: "Rapid decline of the Iraqi currency ... 132,000 dinars against 100 US dollars" Is it going in the wrong direction at the moment? Yes it is at the moment. Just at the moment. This isn't the official exchange rate. This is what's going on there internally...they're hearing rumors that they're going to devalue the dinar...I see the rumors going back and forth on whether the dinar is going to devalue or if it's going to increase in value. I'm watching it. As soon as I hear anything official we'll bring that on out.
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** Mnt Goat Article: "DESPITE ITS DEEP PROBLEMS", AMERICAN MAGAZINE: IRAQ POSSESSES AMAZING POTENTIAL FOR GROWTH AND IS LEADING THE REGION" Iraq is going to be central distribution center for the middle east. It is poised perfectly geographically for this task. It will need a global currency on FOREX. *** Pimpy Article "The Council of Ministers votes tomorrow on the budget and it reaches Parliament on Tuesday" ...Many of us are interested in seeing what's gong to happen in the 2021 budget because there's a ton of reasons to believe the new rate change is in there so we're looking for that... *** Footforward [Q? : Is the general consensus that the dong will rv with the dinar?...] in my opinion at this point the dong will go after the dinar. That's all for today. Blessings ... RON
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Good Evening DV, here's a few opinions & comments that might be of interest to 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. RON *** MilitiaMan Article:"People of experience and confidence....The Golden Triangle" Quote: "We wish success, success and repayment to the leaders of the Iraqi economy in their difficult mission...will undoubtedly succeed." Sure looks like the have they system ready for change. The are effectively saying thank you to the three in the golden triangle...The minister of finance, the CBI Governor and the Investment Authority. Combine this with the meeting at the Presidents house last night, the Kurds getting their payments simultaneously and the borders with Saudi Arabia are talking about a $ Billion for the year and that in revenues at the borders within days will be upward...upwards imo is an increase...So for all these items and payments, letters of guarantees, salaries, etc. to all be in sync is very telling. They have the Golden Triangle to thank and they are, as this wasn't an endeavor that started yesterday. It has been a massive work in progress. Lets see what they have to say in the coming days...It looks very good, as the rescue is underway. imo. *** Mnt Goat Article: "ADVISOR AL-KAZEMI: THE RISE IN THE DOLLAR IS TEMPORARY BUBBLES" The real reason for the spike in the dollar is the speculation when the news came out of the “project to delete the zeros”. Citizens under uncertainty (in their heads) run out and purchase dollars for their dinars. As usual demand brings the price up. But the article was honest in telling us this would be temporary, but not why it would be temporary. But we all know the real reason. *** Pimpy ...like you I'm curious to see what they're going to put in the budget in terms of a rate. I know you are as well. Nonetheless don't be upset or don't be overly excited when you see the rate. I have a feeling it's going to go up in increments. Keep an eye on it... *** Frank26 Everybody knows there's a rate change coming for the Iraqi dinar. They know about the calculations. They know about the recalculations and the recalculations and the recalculations...IMO they're done...do you understand they're applying it? They are saying by the end of the year they will raise the value of their currency. Of course something could go wrong. Something could delay it. We're talking about 3 weeks. It is well known by everyone that by the end of the year they will raise the value...the articles were not specific. they do no give you date. They did not give you the rate...IMO they're going to be on par with the American dollar... *** NORV (aka Kaperoni) There is over 40 trillion dinar outside Iraq's banking system within Iraq. As well Iraq's total wealth including oil and all minerals is only 16 trillion dollars. There is no way Iraq can RV the dinar significantly it would absolutely make them broke. It is not possible. If the dinar is ever going to go up in value it will occur as the IMF has stated in the consultation with Iraq...which is to get off the peg and float the dinar allowing it to gradually over time rise. This would allow the CBI to offset inflation caused by significant investment as well as reduce the money supply gradually. It could take several years to accomplish this. This is not my opinion, it is what the IMF said to Iraq.
