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Found 20 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 MarkZ Bank story: One of our members had a friend go to a bank in N. Carolina yesterday. They had a conversation with a branch manager. They talked about an hour on life, currencies, expectations etc. The Bank manager said they are absolutely prepared for this. He said he knew a lot of banks were avoiding it but they were preparing for it. He said “We don’t know the timing but it could be at any moment” So they were having a very long conversation with a banker that was clued in, plugged in and prepared...Somehow, I just don't believe this story... LOL..! Mnt Goat Article: "BIDEN TO HOST IRAQI PRIME MINISTER ON APRIL 15: WHITE HOUSE" ...could this visit to Washington talk about the currency reform and getting support for it? Certainly it may and probably will...President Biden is scheduled to meet with the Iraqi Prime Minister Sudani...and dedicate several days to Iraq and the situation in it, a clear signal of respect for the Prime Minister and Iraq’s political and international standing. Talks I am sure will be mostly about the Status of Forces Agreement.
  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 Frank26 IMO the United States of America has been paid in full...mission accomplished...IMO Iraq and the United States have come to an agreement on many files and the one important file was the sanctions on the banks that needed to be lifted...There is a lot happening. It is complex. It is tedious. It's all concerning the monetary reform. Pimpy Surprise! I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything saying they were in the process. That's all it said. Apparently they are beyond the process and they've been through the process since the end of 2022 beginning of 2023. Great, that's another big accomplishment for Iraq. We need to make sure restrictions under the currency are lifted. We need for them to get into the World Trade Organization and we need to see them on the Forex. Those things have got to be coming soon. This is exciting new for Iraq... MarkZ ...Bank Story...One of our members went into a Wells Fargo and spoke to a manger. She asked if all the recent redecorating was because they were going to be a redemption center. The manager said “As a matter of fact –yes.” Then went on to say that they have to wait for a notifications to start... I thought this was positive as we so rarely get a positive story from WF. Militia Man Article: "Fouad Hussein: America avoids talking about sanctions against Iraqi banks" The banks that were sanctioned were likely ones that may have had connections to the crime of the century. Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today's news.. It is amazing. Walkingstick The citizens of Iraq are not exchanging for the float. They're exchanging for purchasing power. That's all the Iraqi citizens get. They only get purchasing power of their currency which is everything to them. Sandy Ingram A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024. President Biden is set to host this crucial meeting...It's not all about military...the meeting is also expected to tour upon Iraqi financial reforms...This is the reason this meeting is important for Iraqi dinar investors. The US...undoubtedly has a vested interest in the successful implementation of these reforms. Frank26 ll the contracts that Al-Sudani signed around the world are now being recalculated and being converted into dinars...That takes guts to do that. Normally a country would simply walk away and say forget you, up yours. But right now Sudani has so much power, he is in so much control that the world will bow to any of his demands concerning the economic reform of Iraq all because the monetary reform was successful and proven to them. They all want a piece of Iraq, at whatever cost. Fnu Lnu The Dinar Mythology surrounding this EO is amazing...It says exactly NOTHING about buying Dinar. Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq... Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise. The Executive Order also declares a national emergency to deal with the threat to a peaceful reconstruction of Iraq, which US Presidents have renewed every year since, most recently in May 2023. MarkZ There are some meetings with Iraqi ministers in DC and some at the UN in New York. We will not see Sudani until April 15th…but no part of me thinks they would pull the trigger with him not in his own country. Comment: IMO Sudani isn’t coming here on 4/15 to raise rates after he leaves…i think he is taking a victory lap because it will RV before he comes. Mark: That is what I think is going to happen. My gut is screaming somewhere between now and next Wednesday based on what I am hearing...but nobody knows the exact timing. I certainly am feeling good about it.
  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 [Three corners of Arkansas, Oklahoma, Missouri Chase Bank Story] I just walked in. I didn't at first tell them what was going on...I started saying I'm coming into some money, I made a couple investments that look like they're going to pay off. He flat out asked, is this the dinar?...Yes...He stood up at that point and was like, I'll be right back. He goes and gets the JP Morgan guy. FRANK: You are blessed. Not everyone is going to the banks with the JP Morgan reps. If you got one of those there, they'll talk to you. If not, they'll still treat you like an idiot. Interesting, if it's true. Paulette Sistani set...3/12/24 as the first day of Ramadan...Note, IMO, Kuwait Reinstated their currency during Ramadan in 1991...therefore, it appears that it very well can be possible to see Iraq change their currency structure during Ramadan. I like the way Paulette thinks - RON
  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 Pimpy We're staying grounded...about the possibility of getting a huge payday. Remember it's only a possibility, just like there's a possibility they could re-denominate before they change the exchange rate...Re-denomination has nothing to do with the exchange rate. We want the exchange rate to change, not the Iraqi currency to delete the zeros. We don't want that to happen...Stop rooting for the deletion of the zeros. You don't want that to happen. MarkZ Bank Story via Simply Linn: In a nutshell - a guy (Already sounds made-up) goes to a chase bank and they know nothing…. He goes to another and sits down with a personal banker who asked him what assets he had… and the guy says he has foreign currency…dinar and dong…they bring in a wealth manager… Whose eyes light up and the wealth manager shared some serious details about exchanging and the QFS...they suggested to him to exchange out of his area for anonymity and security and to avoid local tellers talking about his exchange. [Post 1 of 2] Everyone has to have a bank story now - Frankie really started something. MarkZ Simply Linn: I thought this was brilliant, and I plan on doing that as well. Not exchanging in my town. Anonymity is a good thing to have. He also mentioned our funds go into special accounts...When the man asked if it was the QFS - the lady (I suppose she was the wealth manager) smiled and nodded and said it was account that no one else can see it…even tellers will not be able to see it. Very safe. ...they also said they do now know “when” but know it’s coming soon and they have been preparing for it and equipped to exchange it right in front of your eyes…and there will be armed guards while you do the exchange. This was a fantastic bank story. [Post 2 of 2]
  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 Frank26 [Key Bank story] BANK STORY LADY: I've been banking with them for about a year...A few months ago I was talking to my contact and I was telling her about the exchange and asked if she had heard anything. She hadn't and they probably weren't going to deal with it at all. She even asked her higher-ups and they didn't say a thing. She said she had a list of people to call and if she heard anything she would be in touch. Over the last few months I've kind of given up on it...I had a talk with her the other day and she said, 'I'm so glad you called. We just underwent training for the exchange.' FRANK: The dinar? BANK STORY LADY: Yeah. It must be coming. Goldilocks Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward. At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value.
  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... So, take everything with a grain of salt ... RON Sandy Ingram [Comment in response to...how a small developing country increases it economic stability and the value of its currency] 'If this infrastructure happens, of course, it would be good for Iraq's economy and GDP. However, that does not translate to any RV or RI...It could strengthen the dinar, but the term "strengthen" does not mean higher rate like dinarland is hoping for. It simply means the economy is good and the currency is not weak...' SANDY: You are correct. We can only hope the currency increases in value against the US dollar...It's our hope the value will increase against the US dollar with or without an RV. Militia Man [Mr. IT Guy Bank Story] My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back. MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals. Frank26 The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones... flyers... billboards... television... commercials to come in. 'We would like to introduce you to the new lower notes that we would like to be giving you.' They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News. Clare Article: "Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Quote: "...international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world.” Pimpy A lot of you are asking me...how does the deletion of the zeros affect the stocks over there in Iraq...I know we were told that the deletion of the zeros comes off the exchange rate, which is wrong. It actually comes off of their currency, their bank notes. It's called a redenomination...Since 2013 they've been talking about the deletion of the zeros off the currency. They put the zeros on when inflation is really high...Now that their inflation has been kept in check for quite a while they're talking about removing the zeros off the currency. No where in there does it say the exchange rate. It says the change does not affect the currency's value against other currencies. Instead it simplifies transactions and improves the economy's overall efficiency. [Post 1 of 2] Pimpy The ISX is the primary stock exchange in Iraq...the redenomination of the Iraqi dinar will not directly impact the ISX or the stocks traded on it. Stock prices are determined by market forces such as supply and demand...If there's any kind of effect on the Iraqi Stock Exchange it would be that people might panic a little bit...The prices are all done in US dollars. It's not in Iraqi dinars...so redenomination is not going to have any effect the value of the stocks on the stock exchange. If they change the exchange rate against other foreign currencies it will affect the stock prices. [Post 2 of 2]
  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... So, take everything with a grain of salt ... RON Militia Man [Mr. IT Guy Bank Story] My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency. The private banker said yes, he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue. [Post 1 of 2] Militia Man [Mr. IT Guy Bank Story Continued...] As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash... MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff. [Post 2 of 2] MarkZ Not a lot of RV news but there is tremendous pressure from Sudani to remove all US presence is Iraq. Both Financial restrictions and the military. Article: “Sudani urges ending foreign forces presence in Iraq“ Not just military but it is time for Iraq to be autonomous and sovereign so they want the removal of US forces and also financially. They want the US military to leave immediately because of their destabilizing affect and to reorganize the US-Iraq relationship financially. There has been a number of articles this week where they are pushing to remove US tentacles from their financial world as well. This is big. Fnu Lnu Seek the expertise of an Asset Protection Specialist...Hiring a Team: Tax Professional, Wealth Manager, Attorneys, etc...is a waste of money and time. Hiring an Asset Protection Specialist is the best way to prevent lawsuits, mitigate and manage taxes, and estate planning. "Hiring A Team" is like hiring a pack of wolves to guard your hen-house. [ NOTE: Speak to many different financial experts to find the right expert for your unique situation.] Jeff Everything's happening exactly when it's happening for a very specific reason...Iraq is bringing some very critical steps forward specifically within the month of March... Article "The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March" March was not chosen coincidentally...Kuwait and Iraq have the same budget period which is April 1st...
  8. 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 [Fort Worth Chase Bank Story] BANK VISITOR: I went to one of the largest Chase Banks in Dallas. This bank is different than I've ever seen. It was two stories and upstairs there was many window you couldn't see into. FRANK: A lot of banks are metamorphosizing their environment in order to be part of the exchange process... BANK VISITOR: I go and sit down and within 5 minutes this private banker, who BTW is Vice President on his card, comes over and greets me...I said I have a large amount of foreign currency and can you let me know when you will be able to exchange this currency. I didn't say dinar...I said I know we're getting close...with Chase being the number one bank in Iraq. He looked at me and grinned and he said, I've got a couple other clients just like you. [Post 1 of 2] Frank26 I email them from time to time and give them an update on what's going on...He said you know there's been a lot of speculation on the foreign currencies and when they were going to revalue. He never said it was a scam. He looked at me and grinned. He said we will be in touch with you. Then I said to him, let me ask you something, nothing against your other locations but how come they haven't treated me this way? They know who I am. I go there all the time. He said, this particular site is set up to help customers like you. He said, 'we are directly tied to JP Morgan in New York. This is how we operate this site'...You get that feeling when you're sat in front of these people that something's going on now and they may not be able to tell you all of it but they know who has what. [Post 2 of 2]
  9. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The US Treasury includes an Iraqi bank on the sanctions list” Quote: “On Monday, the US Treasury Department included the Iraqi Al-Huda Bank on the sanctions list, as a source of major concern regarding money laundering because it “acts as a channel for financing terrorism by Iran.” MarkZ Article: “Burhan Nassir Mohammed Al Namral sworn in as Iraq’s new Parliament speaker” This one is important. It has been rumored in some circles for a few months that he was a stickler for moving forward with the white papers and rate change. I’m taking this as a good sign. Samson Article: "Senior US Treasury official travels to Iraq to counter illicit finance" Fnu Lnu They do not have a massive amount of Dinar with which to deal. Small incremental increases of value over time will guarantee failure and all the many billions of dollars spent, and man-hours wasted will for naught. It is more likely they will come out high on the exchange rate and let it fall until it finds equilibrium instead of creeping upwards in 2% measures every 90 days over decades. Meanwhile everyone loses faith in the GOI, riots, and starves to death. Small increments over time makes absolutely no sense and is illogical. Frank26 [Georgia Bank Story] BANK VISITOR: Today I went to a bank called Truist in Georgia...I asked [the financial advisor] you mind if I get a minute...I'd like to ask you a few questions? She said Yeah...I said I've been banking with this bank a long time...Have you heard of the Iraqi dinar? She got quiet...She said, well I know there are things happening in Iraq...yes...I can't really tell you anything but if you want to ask me some question I'll be more than happy to answer... FRANK: Bingo! BANK VISITOR: ...Are you guys going to be exchanging the Iraq dinar? She said, well we will not be exchanging the Iraqi dinar but we will take it and send it off for you to have it exchanged. [Post 1 of 2] Frank26 [Georgia Bank Story cont.] BANK VISITOR: I said, I don't know I want that to happen without knowing who that might be and she said, I can't tell you, but I can answer your questions. I said, well is Chase Bank part of that? She said, yes. I said, What about Bank of America...? She said yes... FRANK: The answers she's given you IMO are spot on. Did you ask her if they're going to have a fee to exchange? BANK VISITOR:Yeah...I said, if I was to exchange here what is the fee you would charge me...? She said...from my understanding there will not be a fee for people especially of a certain caliber. FRANK: Bingo! BANK VISITOR: She said, but we can discuss that more at an appropriate time...probably not too far in the future. [Post 2 of 2] Pimpy Guru Nader question: “People are going to lose money if they change the 25000 for 25…If…I get 25 dinars that means I’m gonna go to the bank, if it go 3 to 1 that mean I’m gonna have only $75?” I told everybody that is a possibility. Doesn’t mean it’s gonna happen but I’m saying this is what people should at least be prepared for…There’s a possibility they delete the zeros and then change the exchange rate.
  10. 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 Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq is in the news and he's talking about the monetary reform mechanism that the CBI used to control the rate. The project to delete the 3-zeros still exists. He's saying the parallel market will come to an end soon. FRANK: Oh my goodness! This is what we want to hear. This is who we want to hear it from. This is perfect. Militia Man The AFC Fund is up 110.4% in Iraq. HUGE! Think about that for a minute, What do you get at your savings account? What do you get in your IRA's? What are you getting percentage wise over an annual growth? They have 110.4%. This country is going to explode. Everybody and their brother that's invested in the dinar should be thinking clearly by now as far as I'm concerned...This is fun! ...How does Iraq have one of the best funds in the world without having reasons behind it. Frank26 [Georgia Bank Story FOLLOWUP from 1-30-2024] BANK VISITOR: The following day Saturday I got a phone call from Truist [Bank]...a wealth manager...She set up an appointment this Thursday to meet with me...The funny thing about this Frank is this account is a petty cash account. I don't keep any money in this account. FRANK: But they know you will soon. BANK VISITOR: My wife said that's not a coincidence. You go and speak to somebody and it's a petty cash account... Why would a wealth manager be calling you? FRANK: It's obvious they are getting ready for you...[Stay tuned for the follow up of his Thursday appointment.] Yada & CANDYKISSES Regarding the new US ambassador to Iraq... Jacobson has history with Iraq having served there back in 2006-2007. Her last post has been that of aiding countries recover economically. She was successful in the past and call to stear Iraq's economy as they are on their way... Ms. Jacobson appears to be a good fit for Iraq.
  11. 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 As we close out this year Iraq continues to take steps in a positive direction. Let's hope this continues. You guys keep asking about a rate change at the beginning of this year. If they're going to do it it's going to be done now, not later. I'm not saying it's going to. I'm just saying if it's going to be done, it's going to be done now so they can re-change all the budgets for the years. I don't think it's going to happen but we'll see what happens from here. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year. FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country. Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again. Mark ...Bank Story...I am going to leave out the name of the bank so they do not get harassed.: “I went to my nearest ____ bank in California on Mon 12-18 to talk about the possibility of opening an account with them. I told the account rep I had a lot of foreign currency and have been reading that ______ bank was one of the banks doing deals in Iraq and were going to be one of the participating banks when the RV (Re-valuation) happened. I asked if that was accurate? The account rep lowered his voice a bit, smiled at me and said “Yes, they are going to be one of the participating banks when it happens but I would need to have an account in order to redeem” [Post 1 of 2] MarkZ I asked him if I opened an account today would it help with the process, and would this branch be where I would be exchanging? He said “Yes and No” Yes I could bring in my currencies here…but they would have to send them to a branch in a different city to verify the currencies are legitimate. I asked if I could just drive to that branch and redeem it myself there and he said “Absolutely” and that way you do not have to let your currency out of your sight. So what I call a redeeming bank or redemption center- are locations like that one that are set up to verify and exchange it right there in front of you with trained personnel. RC’s are banking facilities specifically set up with specially trained staff to verify your currency in front of you so you do not have to let it out of your sight. [Post 2 of 2]This all sounds like a contrived story to me - JMHO..! RON From Midnight Thursday - 12/28/2023 Walkingstick Remember Iraq is still under the umbrella of the IMF. They may not be under sanctions but they are under the umbrella/protection of the IMF. These were the meetings that were taking place in New York, then Dubai and then in Baghdad. Remember the two things the IMF said - The Iraqi dinar is adding value and they are very undervalued with their exchange rate.
  12. 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 [North West US Bank Story] BANK STORY WOMAN: All the way up until a few months ago, I kept buying dinar from this bank...The VP came into the office and says, 'Hey, we want to know why are you buying all this dinar? Is there something you know that we don't know?' FRANK: Oh, my goodness. BANK STORY WOMAN: I kind of gave them the foundation of it and then before you know it I end up walking into the bank [weeks later] they sort of shouted at me, so have you heard anything? This was in the lobby! I was looking around like oh, my gosh why are they talking so loud? [Post 1 of 2] Frank26 [North West US Bank Story continued] I have my fingers next to my lips. They said, oh it's okay everybody is invested here. FRANK: They got invested and now every time they see you they want to know more. Yeah, this is a small bank. That's why they don't know too much about it. But the fact that you planted a seed with them and you know very well they went and asked questions to the right people in the banking industry. Next thing you know they're waiting. BANK STORY WOMAN: ...They have a lot of branches in 5 or 6 states. They're big but they're not big like Well Fargo or other companies. [Post 2 of 2] Militia Man Multi-currency practices are using more than one currency. For instance if you're using the dinar and the dollar, that's multi-currency practice within internal circumstances. That's going to go away. Clare Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote: “The US Treasury continues its cooperation with the Central Bank of Iraq, as many Iraqi banks have now formed relationships with international banks for the first time.” Babysmom WE WILL NOT KNOW WHAT THE RATES ARE UNTIL THE DAY WE GO TO EXCHANGE. THEY WILL BE BASED ON FOREX AND WITH THE DINAR IT WILL BE BASED ON WHAT THE PRICE OF A BARREL OF OIL IS AT THE TIME WE EXCHANGE MarkZ Article: “Iraq’s ports emerge as key transit points amidst international shipping route changes” With the unrest in the Red Sea…they have found alternative paths through Iraq using ports, rails and trucks. I think this one is big and solidifies Iraqs position in the international world. They are also shoring up their financial world and Iraq’s position as a trade hub. They are going to need a currency to go with it…especially once the de-dollarize. Question: What does your gut say? Mark: That we may be in the last week or the last days of this thing.
  13. 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 [Clarifying Franklin Bank Story - from Wednesday Night Opinions] The individual said, can I exchange my currency at your bank? Oh, the dinar, yes we will be able to take care of you. Open accounts. Deposit your money in our accounts but you can only take out $5,000 per day in cash. If you want $10, $20, $30, $50,000 in cash we can arrange it but we'll have to order it for you... [He's saying this bank's daily physical cash exchange policy is/will be $5,000 USD cash per day but you can prearrange for more if you'd like.] Clare Article: "Sudanese Advisor: The dollar is declining, prices are stabilizing, and expectations are optimistic" [Note: We want to see the dollar declining in Iraq. This is good for the dinar.] Nader From The Mid East The facts are the facts. If they delete the dollar, if they take off the dollar from the markets in Iraq, they're going to have to come out with a small category of dinar. That's it. Why? Because it's too much dinars to carry...I'm not going to carry 150,000 dinars in my pockets. I'm not going to do that. I prefer to have $100 than 150,000. Pimpy With them taking away the US dollar there's some logic to...an increase in Iraqi dinar. Will they? You're not going to see them go 1 for 1... Nothing would make me happier than to be wrong about this. I would love to go, 'Oh, my gosh, everybody was right and I was wrong. Darn.' As I take my dinar down to the bank...It's not that simple. There are a lot of hurdles and...precautions countries have to take before you do anything that outrageous with your exchange rate. The best you can hope for is it goes up in increments...You're not going to see any huge significant change in the Iraqi exchange rate despite the fact they're taking away the US dollar. Frank26 The IMF is telling the world that the CBI is about to add value and change the exchange rate. Congratulations. As far as I'm concerned the announcement was just made.
  14. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article: "Launch of the third annual scientific conference on economic challenges and reform in Iraq" This part is very interesting to me. Quote: "Restructuring the general budget" Why would they have to restructure the general budget unless there's about to be some changes made. I don't want to get all crazy and make assumptions that it has something to do with the change in the exchange rate but I find this very interesting. Like I said, if they're going to ever change the exchange rate they usually do it at the end of the year or the beginning of the year so everybody could do what? Restructure their budgets for the year...I do find this interesting...my ears are perking...what do you got going on over there Iraq? Frank26 [Bank Story] BANK STORY WOMAN: I just spoke to a representative of the company for whom I purchased my currency. I asked, when the reinstatement occurs what happens from your end? She said when the revaluation occurs...we will be notified by the United States Treasury. We will then notify all of our customers. FRANK: I find that interesting, so this bank is saying they have the addresses and phone numbers of the people they sold dinars to. Like I told you, they're going to come after you. They want you badly. BANK STORY WOMAN: I was struck by the fact that she spoke of the RI as a matter of fact which will occur. She did not deny it. FRANK: Like I've been saying to you sister, it's not a secret. MarkZ Comment: Iraq may be spending 80% of their 2023 budget to flood its citizens with dinar right before the RV. Mark: That makes a lot of sense. There was a lot of backlash in Kuwait because they did not do something similar. A lot of Kuwait people were caught without having Kuwait dinar because they were using US dollars. Militia Man People need to know what they own. I feel what we're presenting to everybody is the ability to have a better understanding and know what you own...It's going to be really important because you're going to know the consequences...This is a complex event. It's going to be a complex event. They've proven it to us that there's so much more than just flipping the switch. You can't just think basic. You got to remember ...it's not their job to tell you everything...Understand what you own. The Iraqi dinar should not be taken lightly. Jeff The elections are the lynch-pin to the rate change. That's what we've waited on this entire year to even get to the point of being eligible to change the rate...Remember, it was the central bank's absolute minimum requirement to have and hold these elections. Or really to remove corruption. The most effective fastest way to remove corruption is through elections and that's what you're witnessing... Kaperoni A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate. Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar. When Iraq passed their tripartite 3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years. Now Iraq is on the clock to accomplish such.
  15. 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 Just thought I'd mention that I'm 81 today...RON MarkZ Article: “IMF staff concludes staff visit with Iraq” They met with Iraq authorities in Amman, Jordan on the 17th to discuss recent economic developments. They are not worried fiscally about Iraq and things are coming along nicely. Quote: “Inflation has declined from its January peak and is projected to stabilize in the coming months—helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, pass through from the exchange rate revaluation,” They are telling us what they are doing. Sandy Ingram Article: "Iraq links Baghdad US embassy attackers to security services" The attacks against US forces have continued. The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services... Militia Man Everybody knows Iraq is about to go International and they're going to have a digital transformation...When they have this investment budget and they start spending...Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism... mining, sulfur, phosphates...they're going to have revenue like no other. There isn't anything else like it, in my lifetime, that I can see is going to trump Iraq... Don't forget...Iraq has a massive amount of hydrogen for clean energy...nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible...It really is intense on how much money these guys are going to make on a regular basis. Pimpy I get it there are people out there telling you it's going to happen overnight because they have an electric payment system. No, no they're not going to change your exchange rate just because of the electronic payment system. The electronic payment system will help influence it once it's up and fully implemented but it has nothing to do with being reinstated. It'll keep increasing in increments just like I said... Jeff Since October of last year [Iraq's Federal elections] they have been setting the economic stage for the rate change... They're done setting the economic stage. They don't have any more economic steps to do. That's why they're finishing the very last step of removing and cleaning up corruption at the second half of the government - The provincial level. Clare Article: "Election Commission: The preliminary results will be announced this evening, and we will conduct a manual count in front of everyone" Frank26 [Franklin Tennessee Bank Story] BANK STORY PERSON: I'm a pastor south of Nashville...yesterday I thought I'm gonna do my due diligence and reach out to some of the banks in my area...The Franklin/Brentwood area south of Nashville is the richest county in the United States...The first bank was a Pinnacle Bank...the oldest bank in Nashville...I talked to the branch manager and she knew nothing...She knew zero about it...I walked over to the Wells Fargo...I said I'm curious if you guys verify and exchange foreign currency her eyes lit up. She said, which currency have you got? I said the Iraqi dinar. She said, sir we do not and the reason we do not is because there have been several times Wells Fargo has got burned by bad currency..[Post 1 of 3] Frank26 [Franklin Tennessee Bank Story continued] I thanked her for her time and I thought ok two strikes let's try Chase which is 50 yards away. I walk into Chase in Franklin, Tennessee, asked for the branch manager...I said sir do you do anything with foreign currency? He said yes we do. He said which currency have you got. I said the Iraqi dinar. He said absolutely yes. He was very excited about it. We were standing right there in the middle of the lobby and he didn't try to hold back his facial expression, language or anything. He said, yes, we would love to do business with you. FRANK: Did he say anything else like yeah, we know or we're in preparation, we're getting ready? Bank Story Man: I said, how are you aware of that. He said, we've been waiting for this to transpire..[Post 2 of 3] Frank26 [Franklin Tennessee Bank Story continued] I said, depending on the amount dinar our group brings in to you, can you work with us on the transaction fee or even eliminate it? He said sorry sir we are not...The way Chase has got it established...they have it baked in. That was his exact words, baked in transaction fee into the rate...He can't change it. I said so no matter what outlet...location or the amount of dinar? He said that's right, it will not change. FRANK: What was that fee did he say? BANK STORY MAN: He said around 4%. FRANK: Wow, I've always said a fair rate is anything like 1%, 2% or 3%. I guess they decided to go one more percent. That's a lot of money. BANK STORY MAN: He said I also I want you to be aware of something. He said when you come in to do your exchange, he said realize we can only do $5,000 increments at a time. [Post 3 of 3]] Yada ...I look at the scheduled Budget release that will fund the contacts, tariffs on imports and exports, and infrastructure spending. So much so that a program rate will not be enough and a new rate is anticipated. Wolverine “I received a call on Sat. 16 Dec. from a very high source. All I can say is that Christmas is coming and we are going to have a very good Christmas.
  16. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... Especially if it comes from Mark... RON Frank26 Bank story from Montana: My husband and I went to our local Stockman Bank last week. The currency exchange person at the bank confirmed we can exchange our IQDs with them when we are ready. She explained they will verify the bills in-house using their currency book. She said they don't have a machine to check the bills...It's in Stockman Bank in Billings Montana...the other thing that was crazy to us is that they told us they're only charging $30 for the exchange. No fees will be taken from our exchange with them.
  17. 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 falling with the closure of Baghdad markets" They're starting to lose their trust in the U.S. dollar. It's something I thought would never happen...I never thought it was possible...we know that the dollar continued to gain over and over on the Iraqi dinar. Iraq had to take some steps...to keep that from happening...and it appears they've done a great job. The dinar appears to be gaining so far. It's just a minor step but it's still a good step...So instead of you getting 1550 for every dollar, it's back down to 1490 and it's going to continue to drop. Let's hope so. It seems to be going in the right direction. That's what we want. *** Petra *** What is the end game? If you look at the challenges Iraq is having now in regards to the Kurds and they're threatening a lawsuit. The governance is looking for their HCL money. The countries that are just waiting to invest in Iraq. We're down to a single move. Once that single move occurs all of this stuff goes away. The Kurds aren't going to sue if they get their monies...All of this goes away at the change of a rate...they've done everything...They're ready to go. They just need the rate... *** Ray *** Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?) Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month." Time Will Tell..!! *** Frank26 *** [Community member B/S bank story] Member: I was talking to the Nova Scotia Bank and I asked it they'd be doing currency exchanges for foreign currency. They said yes. They even looked up the rate and told me what it was at the time. I was really excited. Frank: Did you specifically say the Iraqi dinar or did you just say foreign currencies? Member: They asked me what currencies and I told them the Iraqi dinar and dong. Frank: So Nova Scotia Bank in Canada is telling you they will do exchange with the Iraqi dinar whenever you want, right? Member: Yep, that's right. Frank: ...it's interesting to see that Nova Scotia is talking to you very comfortably. They are not being paranoid, 'Oh, we don't know anything. It's a scam. We don't do the dinar.' No. They treated you very business like didn't they? ..(post 1 of 2).. *** Frank26 *** [Community member B/S bank story continued] Member: Yes they did. It was very business like and well done. They didn't say it was a scam or anything... Frank: Canada, you now know the bank that will be exchanging the Iraqi dinar. I find it interesting that that bank was saying no and now they're saying yes. IMO I think it's because banks are a little more savvy because the World Bank has been talking to the BIS and have been talking to many central banks. When's the last time you've had Wells Fargo say, 'No, it's a scam!' No. I don't hear that anymore...anyone who treated me like an imbecile all these years will never get my business...(post 2 of 2)..
  18. Luigi says... This is a long read but is well worth the time to read it. This bank story is somewhat believable. According to the author, the banks are going through major changes as we speak. Treat as a rumor. Not varafied. Your opine. 4/4/2019 TWWIII Baxter: I went back to Chase today for more info if they can release it. Then I went US Bank that holds our trusts. I will do 2 separate postings. This may take a few minutes for each bank... TWWIII At CHASE... I spoke with Ryan, mgr. He did answer my questions. Yes they are retrfiting the new QFS platforms. Major on a state basis, are all getting QFS implemented since Mar 30th. The Fed wire system was down from 31 Mar til the eve of Apr 02. He asked for an update of my email address & ph#. TWWIII Then I went to US BANK...where our trusts are set up with, Well, I asked the teller if they have set the new QFS...then the branch mgr came over to answer. Shocked how she opened up. TWWlll She said all they are waiting for further announcements, she admitted abt the fed wire shut down she admitted abt the currency exchanges since all 209 countries will be do the 1:1, or about. Then said, oh ur the head of the family foundation, March 30th to April 02. update ur ph#& email address? Baxter THX TWW... TWWIII Baxter that is further clarification u asked for. Baxter I CALLED MY CHASE BANK AS WELL... THEY WOULDNT ADMIT TO THE CURRENCY EXCHANGES.. BUT THEY DID ADMIT TO THE RESTRUCTURING AS WHY THE WIRE TRANSFER WAS DOWN... Baxter YES.. TWW.. THX. TWWIII Baxter See at times I do know what is going on, thanx Bax... Baxter Yet.. I saw Whitelions in here this morning...and she said her bank told her nothing was going on... I disagree...and you are more proof of it. TWWIII Baxter I have personally known both banks for over a decade..., The US Bank lady said our account is like a whale account with funds in their 770 account. They must love me(????) Young SC PMTWWIIIThen I went to US Bank where our trusts are set up with, Well, I asked the teller if they have set the new QFS...then the branch mgr came over to answer. Shocked how she opened up. She said all they are waiting for further announcements, she admitted abt the fed wire shut down she admitted abt the currency exchanges since all 209 countries will be do the 1:1, or about. Then said, oh ur the head of the family foundation, March 30th to April 02. update ur ph#& email address? Young SC Huh???? What are you guys talking about. Baxter MY DIMES... Young SC Is this sarcasm or for real? Baxter ITS REAL... Young SC Honestly? Ok please explain lol Young SC TW mentioned 1-1 currency ??? TWWIII Dave Both banks not sure abt the ZIM yet, waiting for further updates. Young SC 209 countries will be 1-1 on currency exchanges?? Baxter ZIM would have to be the new currency... Baxter which no one here has. TWWIII Young SC thatz what my banker said this morning. Young SC TWWIII what did you ask?? Dave 100T notes ?
  19. 1 Aug 2017 TNT Member Artneto: I truly believe that we are close. There may be more issues and details to work out until we see it, but we should be there. Earlier this afternoon someone in chat said that a friend exchanged Iraqi bonds - not currency - at a bank in Florida. The rate was over $3….He was clear that it was bonds that were exchanged and that it was in Florida.
  20. Hi, I just got back from my local Wells Fargo. I went in figuring I should set up a small NIB account to have it ready to go, since I do not normally bank at WB. This is what the banker told me. He said that WB, not just his branch but all of WB, is not planning on exchanging IQD until next year at the earliest. Furthermore, he said that our government is 100% responsible for what currencies are "allowed" to be traded in the USA (not the IMF). He said in his opinion, it would take an Administration change for it to happen at all (if ever) because it was mostly a political decision, meaning to allow IQD exchange would give Iraq too much power, which the US gov't doesn't want to do. It was very discouraging. Has anyone else heard anything like this?
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