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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 Walkingstick [Iraqi bank manager friend Aki update] WALKINGSTICK You told us about these bulletin boards/ billboards that are going be brought to you there at the bank...Do you have the bulletin boards, you know the ones that you told me that they were going to send you with the pictures...explanations/descriptions of all the notes? You have...the ones you told me are going to be distributed to all these currency centers, to all the banks? [Post 1 of 2....stay tuned] Samson Article 1: "Al-Awadi: The communication between the Prime Minister and the US President-elect was highly positive" Article 2: "Trump welcomes working with the Sudanese and wants to meet him in the near future"

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraq bank friend Aki update] Aki, where is he at? Michigan. What's he doing? Taking care of a bank. Also taking care of over 90 currency centers around Michigan. Why? Because of the Arab population in Michigan. It's massive. It's probably the largest of all the 50 states. That's why Aki has his bank there. Clare Article: "Iraqi Priest Prays for Trump’s Victory: Calls on God to Send a Strong Leader to Protect Persecuted Christians and Bring Peace to the Middle East" Quote "In a heartfelt prayer on the eve of the U.S. presidential election, an Iraqi priest publicly appealed for divine intervention, asking the Lord to bring a strong leader to the United States - one who would protect persecuted Christians across the globe, particularly in the Middle East."

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 They are so so close. Our elections, we're down to what, five days. These five days will be concentrated with so many concluding thoughts. These remaining days of 2024 are so concentrated on the monetary reform policy. Guru Clare Article: "The CEO of the Iraq Stock Exchange has been relieved of his post" Quote: "The market's CEO, Taha Ahmed Abdul Salam, was dismissed from his position today, Thursday...The head of the Securities Commission, Faisal Al-Haimus, was also chosen to replace Abdul Salam." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying Sudani and Saleh are telling Iraqi citizens our relationship with America needs and will turn to economic and will fade away from a military relationship. Militia Man Key point, Iraq has very little external debt based off her income streams, non-oil, oil, she's got a lot of money. $20 billion [external debt] isn't a whole lot of money in comparison to what they have income wise. Walkingstick [Iraqi Bank Manager Friend Aki Update - Reference Walkingstick's 10-31-2024 Aki update] It would behoove them to now put the pictures and the explanations of the lower denoms on the bulletin boards at these currency exchange centers. Aki owns 90 of these exchange centers with his conglomerate. You know why? Because it's all about the money. They don't get involved in politics. They don't care about parliament. They don't care about any delays. It's only about the bottom line. Frank26 The HCL cannot function at a program rate. That's why they're giving you the scientific interpretation of why they're lifting the three zeros, in order for this to make sense...and work for you Iraqi citizens. Clare Article: "Al-Mashhadani is the new speaker of the Iraqi parliament" Quote: "Mahmoud Daoud Salman Musa Al-Mashhadani (May 20, 1948-), an Iraqi politician and the first speaker of the Iraqi parliament after the US invasion of the country. He chaired the Iraqi Council of Representatives from 2006 to 2009 and was elected again today, October 31, 2024. He was also elected President of the Arab Parliamentary Union in 2008." Samson Article: "Al-Mashhadani is the new speaker of the Iraqi parliament" Quote: "The Iraqi Parliament elected Mahmoud Al-Mashhadani as its Speaker on Thursday evening, after nearly a full year..." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning. FRANK: Why? Because of the float. You have to have a new exchange rate if you're going to float it.

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 no inflation so there's not going to be a lop...They're going to add value to their currency. Why? Because they have valuation. Walkingstick [Iraqi bank friend Aki update] Question: You're asking us why we are not talking to you about these [lower note] commercials. Can you tell us more about them? AKI: Yes, they are coming out. This is the media campaign we told you about. It's getting faster and faster and louder and louder. The purpose is to show the citizens the new lower notes and more information. These commercials are coming out at any time now. Nothing is in the way to block this next step. It is a massive media campaign. [Reference: Walkingstick's post from 8-27-2024 below] Walkingstick [Iraqi bank friend Aki update] New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform. These sanctioned banks may stay sanctioned or be shut down completely. It really doesn't matter to the monetary reform process but this is something that is needed to be done. [Repost of 8/27]

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 Obviously the budget is going to need to have an exposure of an exchange rate. After all these months, 8 months, 9 months, 10 months, why haven't they gone international at 1310? Why haven't they been put on the Forex at 1310 so they can...pay for all the roads, pavement, buildings, schools and try to find investors to physically come in with not a freedom of capital movement? I don't think they're ever going to be able to do that without having a Real Effective Exchange Rate. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Not seeing anything about the lower notes but...Saleh was on TV talking about how hard it is to stabilize a currency saying many things go into this and said the dinar is stable now and secure...He is opening up more to us on the progress of the monetary reform. FRANK: They give you all this monetary reform education because they are about to give you your purchasing power from it. If the purchasing power was not coming to you they would never have promised it to you in their speeches and you wouldn't be seeing your country exploding the way it is right now. MarkZ I am not hearing we are waiting until after the election. Walkingstick [Iraqi bank friend Aki update] New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform. These sanctioned banks may stay sanctioned or be shut down completely. It really doesn't matter to the monetary reform process but this is something that is needed to be done.

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 Breitling We [The United States] are circling the wagons. If we circle the wagons we're going to cut the economy off of Iraq and we're going to make them hurt. That's not good for the Iraqi dinar. Fnu Lnu It has now been announced that the US troops will not be leaving Iraq. The United States will never, in the foreseeable future, be leaving Iraq. We simply have too much invested in them to have another Afghanistan style departure. The USA is there to stay! Walkingstick [Iraqi Bank friend Aki in Michigan] The monetary reform is very solid. Things are looking good...What happened with the CBI governor, he's not going anywhere. The government can't fire Alaq in the same way Maliki fired the governor of the CBI Dr. Shabibi. Maliki had no authority, he had no right to fire Dr. Shabibi. Dr. Shabibi went and worked with the US Treasury to make sure the monetary reform plan was completed. Zester [MarkZ's son] is currently undergoing the stem cell treatment. He is in good spirits. He will give an update as soon as he can about the first treatment. Please keep Mark & Zester in your thoughts and prayers.] I am hoping this is the week we are all blessed...keeping my fingers crossed it happens in the next couple of days…but, no one knows. If it was my choice it would have happened years ago. But I am confident it will happen. Militia Man Article: "Central Bank of Iraq to the News: We are working to reduce the price of the dollar in the coming days" To be fair, that statement could be misleading because it's not Iraq's job to do anything to the United States currency value. They don't have any control over it, period. But what they do have control over is the dinar, that metro-dinar. They can change the value of the currency. Alaq said the delete the zeros project is still in play. If they raise the value of the Iraq dinar, obviously the value the currency in respect to that ratio is going to change. Samson Article: "Central Bank of Iraq to the News: We are working to reduce the price of the dollar in the coming days" Quote: "The Deputy Governor of the Central Bank of Iraq has confirmed work is underway to reduce the price of the dollar against a dinar in the coming days." Nader From The Mid East The U.S. is not a hold up. You guys can call it like that but the US is not a hold up. They want to really help the economy in Iraq. Because they destroy it, now they want to build it again. They're waiting for the right moment to put it back normal. Jeff The middle of Iraq's fiscal budget period has everything to do with the timing of the rate change. Militia Man Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Saleh...is educating the people...They're keeping it fresh in the citizens minds as there's a likelihood there's going to be a big change coming. That will likely reflect the flexible exchange rate system. Clare Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Quote: "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices? These are paths that have no answers on the ground and are really very ambiguous" Samson Article: ”Government advisor explains the possibility of using the dinar instead of the dollar in oil sales"

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 The Supreme Judicial Council are suggesting [Alaq] is going to be forced into retirement. I want you to realize he was only put back in to commission the rate change because they've already printed the new small category notes in the year 2018, and his signature is on them. The timing of his retirement is critical. Breitling Would they revalue their currency right now, wouldn't the US force them to do it? No. They can revalue the currency, they've been able to revalue to the currency any time. The key is their note count. This is what sucks. They could have done it five years ago, ten years ago. Reduce their note count. But once they reduce their note count and they get it up to its value, if they're not situated in the market correctly, it's going to loose it's value, people are going to loose confidence in that currency, then it's done for. They're never going to be able to get it back. They'll probably have to re-denominate. That's what they're worried about. MarkZ Well this is the craziest thing…the CBI have started sending out procedures and instructions on how to handle exchanges to banks. It is clear to me that they are preparing. You can go to the CBI and read it yourselves. Pimpy If it could be proven that [Alaq] was involved with some criminal activity...then he should be out of there and convicted...But if it's all bullshit and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something...So we're not sure where this information is coming from. But that doesn't mean you shouldn't listen to the news, because this person is like, 'See Pimpy, you said there is no fake news.' I did not say there was no fake news but not everything can be fake news. Just because you don't like the information...it must be fake news. Nope. What you got to get to is the bottom of why this situation is there in the first place...Like anything else you have to be able to sift through the crap that you're hearing and make a decisions on whether the news is real or not... Walkingstick [Iraqi Bank friend Aki in Michigan] Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 Lunchtime post]? AKI: I didn't hear anything about October. WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen. AKI: I did hear about the WTO guy. Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date. If anything I have heard it is before that. Militia Man Article: "Government signal: high export capacity boost currency value" It's an education piece. Why is the country of Iraq and the financial advisers talking? Because the fact things are changing. They want to make the people aware that there are things happening. I believe give reassurances to why they're doing what they're doing. If you're going to have a value change...people need to have a little bit of a warning.

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 If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will do just fine. The wealthy never never ever spend their bases or the foundation of their wealth. In your case this would be the profits from your Iraqi dinars. Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second is a tax professional to make sure Uncle Sam doesn't get large sums of their money. If you do anything else you are in the fast lane to going broke. Clare Article: Iraq announces the start of direct flights between Baghdad and Beijing" MarkZ I keep getting loaded up on the Rumor side …There is a lot going on and they are saying that we hit the banks sometime around July 12th. We will see what is accurate as we get closer… but my goodness, the enthusiasm from the banking side and the group side is nuts. It’s exciting but I don’t want it to be another let down. Frank26 Question: "Have the new smaller notes been revealed to the citizens of the public?" No. Walkingstick [Iraqi bank friend Aki update] The CBI board of directors decided...to hold meeting with only all of their executives of all their banks. These two or three meeting are going on. This is on the subject of the monetary reform, lower notes, exchange rate, budget. These next few days are going to be very silent. The press will not cover it. No one will know anything about it. They will suppress this information. This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move. Militia Man Key players are ready to get this thing done. It's a very good sign. I honestly believe we're watching history in the making. We're seeing progress like no other. If you're paying attention I think you guys should be really pumped and excited that things are happening.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend Aki update] AKI: It's about time. WAlKINGSTICK: What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes. That's what he meant. Suzie WTO Article: "FORMAL WORKING PARTY MEETINGS 2024 18 July 2024 - THU 18 JUL 10:00 Working Party on the Accession of Iraq" This is good news for Iraq on their accession to the WTO. Hopefully they will have or shown us by that time a new rate for the dinar. While international trade and economics are the important criteria for membership, having an international tradable currency is not a "cast in stone" issue but I certainly would think Iraq WOULD want that for credibility purposes if nothing else.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend] Aki in Dearborn...he's got one [new ATM machine like the ones delivered in Iraq]. Militia Man All we're looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don't. But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate.

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 Kaperoni ...New currencies coming out in Iraq. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed, if and when the value increases and warrants so. There is no significant RV! MarkZ I do have some reports of a few groups that were requested to update NDA’s this weekend. There were multiple reports, which is interesting. A couple of these sources I know personally so believe it is spot on. This is from “Grouped currencies” Not individuals like you and I. With updating their NDA’s – the leaders are expecting something very soon. Walkingstick [Iraqi Bank friend Aki update] In the coming days means at any moment now. The articles are going to be showing pictures of the lower notes. It's also going to give descriptions in the articles of the lower notes. Militia Man Article: "You will start with the transfer of 2 billion dinars" Quote: "Parliamentary legal department, the budget will be dispersed and will not be affected by appeals." There's been some misunderstanding about that out there...

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend Aki - highest level banking meeting update] Sudani is putting contracts in place to be implement inside of Iraq. Sudani has been doing this with thousands of contracts. "In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects. Those contracts will be fulfilled for their value but paid in IQD's only. Samson Article: "A parliamentarian challenges the budget schedules before the Federal Court.. Document" Jeff The budget is unconstitutional and appeals have already been filed with the court. The court is going to step in, it's going to be overturned. [Reposted]

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Information from Iraq bank owner #1- a friend] Ever since Sudani came back from Washington DC the government of Iraq...has been in the process of making...videos, commercials, advertising. Sudani has been doing this on behalf of the executive level of all the private banks...These videos will soon be released and shown on Iraqi television and the big screens. Suandi and the GOI are making these videos with the executive branch of each bank to teach the Iraqi citizens about the new national currency...and the process of the new exchange rate. [Post 1 of 2] Walkingstick There will be a primary video, a spearhead video. The videos will be with the head of the private banks, the governor of the Central Bank of Iraq, the whole of the board members, the government of Iraq, Sudani himself, the Minister of Planning, the Minister of Finance, the Minister of Oil. It will encompass all of the GOI of Sudani because the GOI encompasses the entire executive branch. The videos will explain to the Iraqi citizens the process of the monetary reform and where it is at that moment. [Post 2 of 2] Militia Man There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved. It's still restricting the sovereignty at the international level. The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still. MarkZ Gold is up in Iraq- meaning Iraq’s gold reserves rose significantly. They are preparing to be unplugged from the SWIFT. To do that they are going to need a new value.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Fnu Lnu [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024] The notion of revenue-sharing is nothing new in the Middle East. Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion. Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). [Post 1 of 2]{Reposted} Fnu Lnu It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING. To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation “to ensure the equitable distribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks. [Post 2 of 2] Pimpy It really looks good for the future of Iraq. Outside of the corruption that's in the government. If they can stay on the path, Al-Sudani gets a clear path to continue, the future for Iraq's economy looks really good. They should see some economic boom as long as the coordinating framework and those political people that are in power can somehow get out of the way or removed from office altogether... Militia Man Q? : Why in the world would anybody want to invest into Iraq if they were going to put their money into Iraq and then they were going to lose? Because if you invest your money in Iraq and they LOP their currency you're not going to make any money, it's a neutral event. Walkingstick [Report from #1 - his Iraqi bank owner friend in Iraq and in our opinion] The HCL has been long done! ....Article 140 and the disputed territories, done! The redenomination at the onset, that rate is done! Awaiting nothing but the release and implementation of all of this. MarkZ Question: Since Sudani has to go to US on April 15th does that mean nothing will happen on the RV until then or after? Mark: Many believe he could be coming to the US after the RV for his “victory lap”. But not very likely. I'm afraid we'll need to wait till late Summer or Fall. Clare Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar" Quote: "Al-Sudani's visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks... Our expectations are that the visit will be very successful." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Ramadan is over on the 8th. Then we have EID holiday from the 8th to the 14th and then on the 15th Sudani is supposed to go to Washington D.C...It's time to get a little excited...

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 Question: Vietnam has a really low rate and they are in the WTO. Does Iraq have to change the value to be in it? Mark: Yes. And Vietnam is under pressure as well to change the value of their currency. The US has considered putting them on the sanction list for manipulating their currency...Surprisingly Vietnam was one of the most powerful currencies in the world before the Vietnam war… Iraq has been very up front and they have made it very clear they want to be the most valuable currency in the world again…like they were in the past. Kaperoni IMF report: "Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission" Quote: "The authorities should therefore seek to enable private sector development, including...modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms...and continued efforts to...reduce corruption." I have been stating something similar for years. If the Iraqi dinar is ever going to go up in value, it's going to be as a direct result of Iraq diversifying and growing their economy. Iraq needs to quit stalling and pass legislation to encourage and invite investment into their own country. Walkingstick [Bank Friend #1 Update - He owns 7 banks, 2 in Jordan] He had to put his banks on alert. The alert was, you will be receiving equipment...These machines are for the purpose of counting and sorting the lower notes because the older machines are only for the three zero notes. Pimpy I don't want you guys to be discouraged. Iraq has come a long way. You guys know this. I know you guys want everything to happen overnight because you guys have been waiting for such a long time. You've been patient for this long, just be patient a little longer. We see their foreign reserves going up. We know there's reform taking place. We know they got construction going on. We know they're going to fix their infrastructure ...Yes, things are looking very bright for Iraq. Frank26 [Correction to Frank26's dinar live on forex post 3-5-2024 - Information received from community member Tomas K] THOMAS K: When you put USD/IQD on the chart that was incorrect...The only way the US dollar paired with the Iraqi dinar is this way - USDIQD or IQDUSD , whichever way you want to view the numbers but with no forward slash. Forward slash is another indication for that chart to give you some other data. Don't put a slash between the two Forex symbols. FRANK: This man is correct. I must apologize.

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 still think the dinar is going to go up in increments. I'd like to start seeing some of those increments take place now. I don't think you'll see any increases this year but very possibly next year. Walkingstick [Aki Iraqi bank friend update] Bank here [In the United States] will open October 1st. It will be news coverage. All 700+ of their employees over there [In Middle East] bordering countries and here [US] have a bank account opened and/or had an account for electronic deposits from oil procedures, retirement and salaries opened. MarkZ Comment: I would think it would get done soon…with the rumors of the Governor of the CBI being removed because rate change hasn't happened? Both Sudani and Alaq’s necks are on the line…imo. Mark: Yes they are…and on top of that is the ascension to the WTO on Oct 4th. Things are heating up. It’s do or die for Iraq to get this knocked out. Angel1 There are only two things left to do on this laundry list of things for us to get to the bank. What are they? Change the exchange rate and release the lower denominations ... at that point, shortly thereafter if not simultaneously. I have the opinion it'll be on Forex internationally. They'll have an internationally exchangeable currency. That is when we go to the bank...I would not be surprised if something special happened very quickly. Pimpy It really looks like they're covering a lot of ground really quick. I'd love to see the sanctions removed. I would love to see the authorization for military use reversed. I would love to see them expedited and put into the World Trade Organization. I would love to see this development road...railway get build really quick. I would love to see them finish the Port of Faw real quick. These things all contribute to a booming economy for the Iraqi people. But we're not there yet. It's not going to happen overnight. Frank26 [Iraq boots-on-the-ground report] FIREFLY: We're hearing we have the full support and acceptance into the global financial world...All the financial institutions like JPMorgan Chase, all of them are welcoming Iraq Sudani says. This is great for Iraq and it will attract more investors. FRANK: Even Wells Fargo...

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 Mark Article: ”Central bank : the cash reserve has reached its highest level in the history of the state.” We are talking even higher then with Saadam Hussein in its hayday… Right now they are sitting on more cash reserves than at any other time in this countries history… They have exceeded $90 billion dollars in US value…and its just sitting there…unused…and ready to roll…. This is one of the few countries in the world whose economies are not “in the hole” so to speak. ...the author Al Yasari is one of those with Sudani that specifically mentions that the change in the exchange value is the best way to help the poor and under performing classes. Paulette As long as the "restructure" happens and the CBI stands by what they have said in the past and as recently as a few weeks ago that no denominations will be withdrawn and that the 3 zero's will coexist for at least 2 years and upwards of 10 years, we will be very happy when this occurs. Pimpy Article: "The Central Bank receives the remaining amount from the Kuwait Compensation Fund" This right here is big news and I mean BIG news. We know Iraq was released from United Nations Security Council's chapter VII but...they had to finish compensation to Kuwait...looks like the last payment is finally here...That has been satisfied. This is great news and a major step forward for Iraq in order to be recognized on the international scene and to help remove restrictions off their currency...This is awesome. This is big. Clare Article: "The Central Bank receives the remaining amount from the Kuwait Compensation Fund" Quote: "Iraq revealed in 2021 that it had terminated all necessary banking arrangements with the US Federal Reserve Bank to stop the automatic deduction of Kuwait's compensation from Iraqi crude oil export revenues, after paying the full remaining amount of compensation" Frank26 They [Iraq] will reinstitute their currency and then they will reinstate it. Pretty cool...they are doing this for the world market consumers. The World Bank and the IMF has made sure they have done this...To reinstitute the currency is what you are seeing but then it's going to float...the float increases the value of the dinar. That's an RV... Paulette Article: "The "Finance" expects the Iraqi government's vote on the budget: Parliament's approval of it will take about two months" this is the perfect scenario!!!! This is exactly what I posted and is PERFECTLY congruent with what we should all be hopeful. Pimpy Yes, I hear there's still more chitter-chatter about the exchange rate and yes there's a lot of misinformation still going on out there about the Iraqi dinar...the full exchange rate being reinstated - that's not the case. The talk...is about them going back to the old rate of 1199 per dollar. The Hydrocarbon Law - has not been signed...It was agreed upon in 2007 but...the Iraqi Supreme Court struck it down...and they have been renegotiating...The statement that the whole world is pushing/forcing Iraq to change their exchange rate is inaccurate. Countries don't usually get involved with people's exchange rate unless you're trying to manipulate them and that's not the case with Iraq. *** From Midnight Monday *** Frank26 Question: "How close are we?" We're as close as your dandruff is to your hair...we're as close as your breath is to your lungs. We are very close in my opinion. We've been wanting to see the things that we're seeing in print. That's what puts us in a very positive mood and a good direction. 12-11-2022 Did you get your ERC grant money yet? The average grant is $110,000 to $270,000. No strings attached free money. This is for covid disruptions. 80% of small businesses with 5 to 500+ employees qualify - even if they’ve taken money in the past! Time is of the essence. Click here to learn more >> Kaperoni They're talking about increasing the dollar sales through the auction which will raise the value of the dinar back to what it was a year ago. Around 1170 to $1. Militia Man Article: "The Iraqi Trade Bank announces the recovery of one trillion and 500 billion dinars" The amount of funds being recovered to Iraq from corruption is staggering in totality. The trillions of dinars being returned will support their exchange rate internationally. Walkingstick [Walkingstick's Iraqi Bank partner/friend update] WALKINGSTICK: Have you heard anything about the 20K notes? BANK FRIEND: Yes they were assigned to us last month but there was never a firm commitment on the release of the 20K notes...so far we have no further update concerning the 20k. Paulette IMSO, "restructuring" and "RI" are two separate events which could occur simultaneously or weeks apart. For many reasons, I believe it will be weeks apart. I have always believed that, ideally for the benefit of Iraq, "restructuring" will occur prior to Parliament passing the budget and the "RI" will occur after the Budget becomes law. Mark I think this one is a key piece for Iraq to be ready for the revaluation… Article: “The Central bank is launching an electronic platform for buying and selling the dollar next month.” Reading between the lines I think this is an important step if they are going to handle a revaluation of some size to make sure these currencies are not questionable…that someone wont exchange millions in terrorist dollars. AND it will protect the rate for those at the bottom of the economic totem pole. I think this one is a serious “tell” for us and how close we are getting…A lot of phenominal things happened this weekend in Iraq. So I am very upbeat Clare Article: "The talk of the exchange rate invades the Iraqi sessions..and the currency auction is the window for whitening the dollar" Quote: "The talk of the exchange rate of the dollar has become the most prominent one being circulated by Iraqis who are disaffected by the continued escalation of prices."