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Found 7 results

  1. 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 When they say, "Iraq is the heart of BRICS but yet still under the American tutelage..." Why? Are they saying Iraq has a job to do? Are they saying Iraq has something left to do to make some changes? ...Does that sound like change in your exchange rate? That's what it sounds like...to me. Are they going to go international to the private sector? Yeah. Are they going to have the World Trade Organization knocking on the door? Yeah. All these different things are phenomenal items to pay attention to. MarkZ ...I have been tracking today...a number of articles and commentary coming out of Iraq. There are meetings between representatives of the CBI and the government...I am being told these meetings will continue into tomorrow and a major topic in these meetings is the “Exchange Rate”...they are focusing on increasing the strength of the dinar in comparison to the US dollar so they can continue to de-dollarize...By changing purchases to dinar instead of dollars…interesting from Iraq on that front. Frank26 Until they say they voted then you don't have the HCL. But...they got the HCL. They got everything. Everything is in a line waiting for one thing and one thing only... Walkingstick [Aki's Iraqi Bank report] We are waiting for the same thing everyone is waiting for - the new exchange rate. Sandy Ingram The POS - Point of Sale system, in Iraq is operational and on YouTube. Using POS is exempt from taxes...POS devices are being distributed to all shops and businesses for cashless transactions...There is still lots and lost of cash hidden in the mattresses by Iraqi citizens. The Iraqi banking system is trying to get all these Iraqi dinars...It looks like Iraq is slowly pulling in all of its own currency, the dinar. Everything will be digital. The question is where does this leave investors who are holding the paper Iraqi dinar?
  2. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article "Specialists: The path of development gives Iraq an important position in international trade". The development road is the investment side of the tripartite budget. Get ready folks, we can see the efforts being taken are to join the Global Financial System.. There is no denying it. imo.. Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Our government is saying USA defense interest is secured in Iraq for the first time since 2003. Wow! That's when we were at 1 to $3. Iraq agrees on the troops being here in Iraq. I guess Sudani wants you guys here...this is a win-win for all of us. FRANK: Let's see you try to steal something now. Breitling We have to watch the CBI. Don't listen to what any body else has to say. Do not contemplate opinions or other ideas... Kaperoni ...Until Iraq diversifies, creates the conditions, there will be no change in the dinar. Sandy Ingram Iraq has 3 significant tasks before we will see an increase in the currency's value. 1. Rebuild their infrastructure, which they are actively doing... 2. Making the country safe for citizens and international investors. In other words stopping the assaults against foreign investors. International investors want to invest in Iraq because their investment will be worth more when the value of the IQD increases. 3. Creating additional streams of income outside of the oil industry. Iraq is actively making progress by implementing new factories...road projects connecting Asia to Europe and partnering with a neighboring country to build oil vessels... Frank26 All I know is that things are coming to a crescendo...at that high point where there's nothing else to climb...you're at the very end. Walkingstick [Aki's Iraqi Bank report] Not all banks will be brought back even though they will all be online. This is to monitor them. This step has already started. It is already well advanced ... Bringing these banks back online is needed for the monetary reform...these banks are scattered all over Iraq... Clare Article: "Al-Sudani: More than 60% of Iraq's population is under 25 years old"
  3. 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 Corruption in Iraq is being dismantled and that's what we need to have the new exchange rate...they stepped on the gas...hundreds of people being arrested. Millions and million of dinars being brought back to Iraq. This is all part of the monetary reform... Nader From The Mid East As long as they [Iraqis] have money and they can buy and sell stuff they don't pay attention to it [dinar RV]. That guy's gonna have one million in his pocket or 1500 it's gonna be the same thing. It's going to spend the same thing. In the United States and Europe too they talk about...all over the world they talk about because they know it's gonna happen...It's an investment for the outsiders. But for Iraqis it's not an investment...Over there if we change the currency all we have to do is take that 2 millions and change them to two millions with small categories... Militia Man Federal Court specified their own timelines...They specifically stated 30 days from July 26, 2023 that the 2023-2024-25 budget has to be implemented by that date. That's 30 days. Walkingstick [Aki's Iraqi Bank report] All banks are back online. The ones they did not give licenses to will be under the tutelage of the CBI. No more F$%^ing around...Banks...machines have been set up. We have done everything that the CBI has requested of us. We do not know of any other meetings that we are scheduled with the CBI...All that we are waiting for is the exchange rate now. MarkZ [reference Militia Man post below, 8-22-2023] The most important timing he [Militia Man] mentioned is with Al Sudani and the expectations to have money flowing by the 26th. A lot of folks in Iraq and involved with Iraq believe this could mean a change in value. Militia Man ...I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending… for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310...Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate. [Repost] Frank26 Why isn't there a lot of article...information this past week? Why? It's on the [down] low side right now on purpose. You'll see.
  4. 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 [Bank Friend Aki report of last Thursday's CBI meetings with affiliate banks] You are going to see a tender that will be posted on the CBI website...the CBI is putting out a tender, a contractual agreement, on the printing of the national currency of the new small category notes and coins...they are asking to print more...because they're going to be needed for the Iraqi citizens when they come in and exchange their 3-zero notes...this tender will include pictures of the new national currency. It will include picture of the coins. It will introduce the different sizes...denominations, coins materials used... Mnt Goat I can’t think of anything bad that has happened to hinder the progress of the currency reform project within Iraq...I believe that perhaps Iraq has already moved beyond the point of no return and now has to progress forward to the end with the currency reform. Yes, the situation today is not the normal that we have witnessed in the last two decades...With everything that is going on around Iraq they simply can not stay on the program rate much longer and I am surprised they lasted this long...The tone is different and now very hopeful for the future. Even when I talk to my CBI contact the tone is different...
  5. 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 [Bank Friend Aki Report of last Thursday's CBI meetings with affiliate banks] You are going to see a tender that will be posted on the CBI website...the CBI is putting out a tender, a contractual agreement, on the printing of the national currency of the new small category notes and coins...they are asking to print more...because they're going to be needed for the Iraqi citizens when they come in and exchange their 3-zero notes...this tender will include pictures of the new national currency. It will include picture of the coins. It will introduce the different sizes...denominations, coins materials used... Militia Man It's a fascinating time...Over the last two months we've had some interesting comments...by the Central Bank of Iraq, the government of Iraq...The Finance Ministry, The Planning, all these other Ministries, they've all been talking...Back in March the Central Bank reassures the Iraqis, 'Your dinars are stronger.' That's a key point...that's what they've been telling them.
  6. 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 [Iraq boots-on-the-ground bank report] FIREFLY: Bank friend doesn't know [the new rate] but his opinion is we won't see a recent rate when the change comes... FRANK: A "recent rate" - 1200...we won't see those rates. FIREFLY: Because when the change does come there is way too much being counted on this new rate and much is needed to be done to go back to the 'recent rate' of 1200...these are exciting times and they are almost upon us... *** Mark Article: "THE SADRISTS ARE NOW TALKING ABOUT A FORMULA FOR A PRESIDENTIAL SYSTEM, NOT A PARLIAMENTARY SYSTEM" [Reference Mnt Goat's morning post below] This is huge news coming out of Iraq. They want to move to a system similar to ours where a majority can move forward without a complete concensus. How often can you get everyone to agree on everything…not gonna happen. They need to run with a majority. I am still hearing a resolution could be moments away, if not days away…We had hoped for a resolution last Saturday and then Monday…it’s fluid as we watch it play out. I do not think they are kicking the can…its just a process that is playing out. *** Mnt Goat Article: "THE SADRISTS ARE NOW TALKING ABOUT A FORMULA FOR A PRESIDENTIAL SYSTEM, NOT A PARLIAMENTARY SYSTEM" This is one of those WOW! moments in history of Iraq...I have been saying this now since the election began that they needed to get out of this parliamentary system as the corrupt use it to their own purposed to circumvent democracy...Sadr wants a majority government but what has changed now in the tone on Iraq is that they are now FINALLY calling for the necessary constitutional changes to make this happen. WOW! Finally!... It is all very good for Iraq!!! (Reposted Ref Mark above)
  7. 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 *** Tivon Dissolution puts in place constitutional legislation that the EFSL is based on. Which gives Al-Kazemi full powers to enact laws put on the back burner...the Oil & Gas Law can be passed with a transitional government. We don't care about the IMF/UN...They can not dictate what goes on in the country... *** Kaperoni ...Mtn Goat keeps talking about the delete the 3 zeros project. We don't want that to happen, that's a currency exchange LOP. *** Frank26 [Iraq boots-on-the-ground bank report] FIREFLY: Talked to many bank friends and all of them are saying the rate has been changed on their side so to speak just not known to the public until a government has formed. FRANK: What he means is a second set of books that they can't see. FIREFLY: We don't know if it's going to go back to 1200 or to a rate 1 to 1 internationally but we will know after the government is seated. Sadr says we have made our point. *** Tivon [Response to Humble1 Noontime] ...It needs to be clear who is officially running the country. Dissolution will make that very apparent...We as investors do not want a the new government...We want an interim which can give us a rate before they sit the new government after the transition period is over... *** Pimpy For people asking how this [Iraqis protesting] is going to affect our investment it's obvious. If they can't get things settled down. If they can't even form a government and they can't open new avenues of revenue away from oil they're putting themselves in a really bad position and you're not going to see any rate change happen anytime soon until this gets cleared up...
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