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Found 6 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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend says he thinks they are finishing up all the loose ends and soon we will see a change in the rate. He personally think with everything in dinars now it's so close and that we probably will start at $1.50 and float but who knows it could be more... FRANK: I agree with him 1000%. He is spot on. GameofPatience Iraq is implementing new banking reform steps IN JUNE to control their citizens and their money (POS, Cashless, Financial Transactions in front of their government)...These steps in June REQUIRE their currency to be TRADEABLE & RECOGNIZED AROUND THE WORLD. Didn't Iraq recently state the back wall for the budget was at the End of May (3rd reading comes after the rate change)! Pimpy In case you're wondering why it is that they might change the exchange rate... - To have more purchasing power. If they're importing a lot of goods...this would help the people stretch their means out. This would allow them to purchase things a little cheaper because the purchasing power of the dinar would be a little bit stronger... Walkingstick {CBI's private bank meeting minutes continued} [7. IMF, AMF, EMF rolling in again] International Monetary Fund, Arab Monetary Fund and the European Monetary Fund these three are escorting the Iraqi dinar, the central bank's new exchange rate and their new currency to the International platforms, to the world. [Post 7 of 8]
  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 ... ESPECIALLY if it comes from Bruce ... RON Clare Article: "Al-Sudani's advisor identifies the reasons for the decline in the parallel price of the dollar in the Iraqi market" Quote: "The Central Bank's window sales began to touch their previous normal rates of sale, to reach approximately $200 million per working day in the foreign currency auction, which is a very stable level of sales to meet the market demand for foreign exchange...the price differences between the official exchange rate of the dinar against the dollar and the price equivalent to it did not widen, but there are strong signals towards contraction...especially the decline of the dollar in the parallel price...The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar" Pimpy Article: "Central Bank: Dollar will gradually fall within two days to reach official rate" This article I find very interesting...this person was able to pinpoint an actual time when the gap between the official rate and the market rate would be closed...it looks like it has fallen. You get 1461 dinars for every dollar compared to where it was - 1700 and something...the market rate is indeed going down. This is good. We want that number to shrink...I would love to see that sucker continue to drop, drop and drop... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend thinks it might not float but go straight to $3+ FRANK: I heard about that rumor...it's stupid. It has to float. Mathematically they need to float...Either way we win...
  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 Nader From The Mid East In our religion [Muslim] ...if I make a profit in the bank I have to give it up as a citizen. I'm not talking about companies...If I put my money in a bank and I make profit the whole month of Ramadan I have to give it up to poor people...bank...mosque. I have to give it up. That's why people will not go and change their money this month and bring it if they change the rate. Nobody's gonna move...this is a religion thing... Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see infomercials...one after the other on our television and they're talking about reintroducing fils/coins to us. Then they told us we will also be receiving lower notes and we're adding value to these lower notes and then they said the coins/fils will give us more purchasing power and when we buy things in the market we will not lose money no more do to having coins and lower notes with value. FRANK: Whoa!! ...you are right on the edge from receiving what they are bragging about to you. A new exchange rate that will match a new lower denomination along with coins to match them...this is absolutely stupendous...congratulations you are so close. Sandy Ingram In 2021 OPEC member countries accounted for more than 80% of the world's proven oil reserves... proven reserves are when certified engineers have surveyed the land and reported on the profitability of the oil based on they analyzed reports...Iraq is #4 on the [OPEC proven cute oil reserves] list...Iraq has lots, lots more oil hidden under the earth. Iraq is literally floating on oil according to geologist reports...It is our hope that the oil industry will allow Iraq to revalue its currency at a higher rate against the US dollar. Walkingstick & Frank26 The monetary reform of the Iraqi dinar is asset backed. Some of you need that information in your calculations. Some of you need it in the float. Understand the monetary reform will be asset backed. And here's the key, it's not only tapped but untapped resources. Developed or not developed...the mineral industry from around the world is salivating to get started in Iraq... yada Doubt very much waiting on Ramadan is going to delay this, it a matter of the next quarter starting on the 1st and this machine is already in stride. Increasing the dinar's value will also give the other countries added value to their currencies just by having the dinar in their coffers. Its a done deal and expecting it any moment now. Militia Man At this stage of the game we can't deny something's up and these guys are talking because Alaq is talking. Al-Sudani said hold your dinar, it's going to be worth more. He didn't say worth more than the dollar, he just said it's going to be worth more. All of these things are coming into play...I think their plan is brilliant at this stage of the game...I really do believe what the central bank is doing what we expect them to do and they're going to keep pouring the pavement moving forward. It's going to be good. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI talking about 1132... FRANK: Do you recall when it was 1700 to 1... I told you look they just moved it's now 1300 to 1. I said our goal is for it to reach 1000 to 1 but {Firefly's} bank friend says he thinks it's going to hit 1190 then 1000 to 1 therefore to you we said IMO there will be one more exchange rate movement before it floats at 1 to 1. Remember that? FIREFLY: They're trying with new measures to get the parallel dollar rate in the market to mirror the official exchange rate. The street rate is still 1500 but they're trying to get it to be 1132. FRANK: 1132 is excellent! It keeps going in the right direction...The fact that it comes from the CBI it's crucial... Now I believe we will see 1000 to 1 as the next movement. MarkZ there is a lot of chatter that things may be starting over this evening. We shall see. We know we are close...the news out of Iraq continues to be fantastic. They are openly talking about their currency having parity with other countries in the region. I hear from all my sources that the RV is still in play and it doesn’t matter if its Ramadan. 3-23-2023 Guru Nader From The Mid East I have a...very educated, very smart friend who lives in California. He knows a couple of things. He gives me a lot of information....some things I cannot tell them...I just hang up the phone with him and he was yelling at me because...He said, did the mosque talked about smaller currency? I didn't want to answer because [if] I say things, I don't want to look like an ass$%$# if it's not true or if it doesn't happen...So, yes, I told him, yes, they talked about it. He said, they trying to educate you about that? [Post 1 of 2] Nader From The Mid East In the mosque in our Muslim religion they will...never mention money and tell you what to do with your money or not...They give you information that informs you, 'Okay the government send us letters next week or next month we're gonna change our money or our rate or something' and that's it. They will stop there...they will not go like, 'yeah we're gonna have the 50's and this is how they look.' They'll not educate you on that. They will inform you...The only people who can educate you on that is the CBI or...banks. This is how it is. This is how it works. Now he asked me if in mosque they informed about it? Yes, exactly they informed us about this. They never say when and what, why and when. They didn't say bigger or smaller. They said they're gonna change. [Post 2 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about that 1134 all morning and all afternoon. They keep repeating it over and over again. They want the citizens to understand their exchange rate is moving and changing. Mnt Goat... I would be VERY SURPRISED if we got to June 1st and still did not see the reinstatement of the IQD on FOREX and have it trading. Personally I can even see April as a target… if we had not been to the bank...by then...I would be surprised. This event is moving that fast. MarkZ There is a lot of concern that this will not happen during Ramadan...Could they be waiting until after Ramadan? It’s possible. But I am hearing it will be sooner than that and during Ramadan ...I do not think we will be waiting another 30 days... We will know very soon. That's all for today - Sorry I missed Yesterday..! 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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: The budget we heard has a rate of 1300 but also has amendments are coming to the budget...FRANK: I believe the budget will be exposed hopefully with the new exchange rate...and somewhere in there they are going to give you what they are bragging about...this is beyond exciting! ...as far as the budget coming out at 1300 to 1...they will amend it...there is a retroaction that will amend the exchange rate in the budget and prepare your currency to start a float. I pray that it starts 1 to 1. It could start lower. But the most important thing is that it is now starting. Breitling It's always been strange. When we first got into this and I started reporting on it there was more a buzz coming from Iraq, 'when are they going to add value?' than there is today. But today they're in a better position to do it. So it's kind of strange. Henig Article: "Political insistence on enacting law 'postponed' 16 years ago - urgent" Quote: "the law has remained for 16 years in the shelves of parliament, but the political agreement stipulated that it be passed, and this is what was included in the government program of Prime Minister Mohammed Shia al-Sudani as well. This law has become an urgent legislation because oil belongs to all the Iraqi people, and this law will guarantee the right for all...Halbousi added, the good relationship between the federal government and the regional government will soon push the legislation of this law." Clare Article: "Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar" Quote: "The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period...The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." [NOTE: The official CBI rate is 1310...this article states 1132. Is the article an error, a leak and/or foreshadowing of what's coming?]
  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 Pimpy IMO they are truly after all these years very close to finally coming up with the agreement between Kurdistan the federal government of Iraq. If they can come up with this agreement and they finalize it and they agree with the gas and oil law which everybody and their mama out there in dinar world told that once that is signed...'oh man the Iraqi dinar to the moon!'...I think it's a great first step...Once it's signed I'm curious to see where Iraq goes in the future but I wouldn't be holding my breath too long. Let's first get this agreement signed...that's one of the major boxes that need to be checked... Clare Article: "The Central Bank of Iraq decides to use only the local currency at ATMs " Quote: "...it was decided that the electronic financial services provided inside Iraq Through (automated teller machines, point-of-sale devices, electronic payment gateway) in the Iraqi dinar." Frank26 [Iraq boots-on-the-ground report] FIREFLY: All day showing on the news leaders of Iraq...say to us buy in dinar and soon our dinars will be trading and exchanging with other currencies... FRANK: I agree...a float...they're telling them hold onto your dinars, don't get rid of them...They are going to be worth money...
  6. Luigi found these articles of Dinarian interests... It looks like this may be coming down to the wire. Treat as rumors. Not verified. Your opine. 9-28-2021 Intel Guru MarkZ: [via PDK] News out of Iraq has been phenomenal today. They are expecting full blown lower denoms & a higher rate on Thursday of this week. I am hoping we see rate information as early as tomorrow in Iraq. I am hearing fantastic chatter out of the sandbox right now. It is almost overwhelming the good chatter I am hearing for the next week & possibly as soon as tomorrow. ...The Chatter out of Iraq proper is they would like the new rate released before October 1st. 9-29-2021 Intel Guru Frank26: THE UNITED STATES OF AMERICA & IRAQ ARE MIRROR IMAGES IN THEIR FINANCIAL CRISES. WHAT WE MEAN BY THAT IS, THAT IRAQ IS ON A FISCAL CALENDAR AND IT WOULD BEHOOVE THEM TO RELEASE THE NEW EXCHANGE RATE AND NSCN’S BY THE 30TH OF SEPTEMBER BECAUSE THAT IS THE END OF THE FISCAL YEAR OR THEY WILL DAMAGE THEIR REFORMS IF THEY DO NOT...I FIND IT INTERESTING THAT THIS COINCIDENCE IS SO CONVINCING AND TELLING CONSIDERING THE DEBT CEILING OF THE UNITED STATES OF AMERICA THAT MUST BE RAISED BY THE SAME 30TH OF SEPTEMBER...
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