Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Search the Community

Showing results for tags 'boots-on-ground'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to DinarVets!
    • Rules, Announcements & Introductions
    • Questions and Tech Support
  • VIP Area
    • VIP Section
    • VIP Section
  • Iraq Topics
    • Iraq & Dinar Related News
    • Dinar Rumors
    • RV & Dinar Questions
    • Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
    • Chat Logs
    • ISX (Iraqi Stock Exchange)
    • Warka and Iraqi Banking
    • Dinar-ify me!
    • Buying and Selling Dinar
    • LOPster tank
    • Debate Section
  • General Topics
    • Off Topic posts
    • Natural Cures and Health Talk
    • Politics, 2nd Amendment (Gun Control)
    • Iraqi Inspiration and Stories of our Soldiers
    • World Economy
    • Music Videos etc
    • DV Weekly Powerballs.
  • Investing
    • Forex Discussion
    • Penny Stocks
    • Wall Street
    • Gold & Precious Metals
    • Foreign Currencies
    • Tax Discussion
    • Investment Opportunities and Wealth Management

Calendars

There are no results to display.

There are no results to display.

Product Groups

  • VIP Membership Packages
  • OSI Products
  • Just a Text
  • RV Intel and the Cash In Guide!

Genres

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Phone Number (for VIP text message)


AIM


ICQ


Jabber


Location


Interests


Biography


Location


Interests


Occupation


My Facebook Profile ID


My Twitter ID

  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 Pimpy There's a lot of double speak still out there right now. You got people talking about back screens and their contacts are telling them [XYZ}- I'm going to tell you right now it's not going to happen anytime soon. As a matter of fact they're now talking about going in the opposite direction as far as the exchange rate. Frank26 [ Iraq boots-on-the-ground report] FIREFLY: My bank friend says with Alaq now in place we are to look for big news on things he is doing within the week or so. He knows what he is doing. FRANK: That is absolutely true...IMO he is already educated by his boss. His boss is educated by the CBI and the CBI was educated by the IMF and the US Treasury... Henig Article: "Victory: One reason behind the dollar's rise... and Iraq is still in the seventh item" Quote: "Washington has control over the dollar, and Iraq is still suffering from its survival under Chapter VII, so the US federal imposed conditions on the state in order to stop smuggling by adopting a specific platform for the foreign movement of the dollar."
  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 They did have meetings today in Turkey. They're having meetings tomorrow in Turkey. The United States, Central Bank governors in Turkey. Those things are for a reason. We don't know what all they are but we do know that they're after one thing. They're after getting this country [Iraq] into the international market with Article VIII compliant currency...It's obvious we're at a threshold. I'm looking forward to seeing it happen... Pimpy ...More and more intensely now they're starting to come out with Sudani said that their Iraqi rate is going to be $3.48. Now it's $3.90. Wait it moved up to $4.17. Isn't it amazing how it continues to just spread and nobody has any receipts whatsoever. Where are they getting this information from? There's not even new articles out there...Where do you guys see where Al-Sudani has said he's going to change the exchange rate to over $3? I don't see it anywhere. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said...with the shortness of dinars on the street and the cost of the dollar exchange rate, now would be the ideal to pull this rate change off. That is his opinion. The timing is just set. No better time. Henig Article: "Solutions are exhausted.. A specialist identifies the last option to solve the dollar crisis in Iraq" Quote: "the only solution to reduce the exchange rate of the dollar in the local market is to reduce the exchange rate by the central bank, as this is the only solution to solve the current crisis." Kaperoni Guru Frank26 says the reason why they haven't reinstated the Iraqi dinar is because of Iran....Well, partially, Iran is affecting the auctions by smuggling dollars. But for the dinar to ever go up in value it will be based on the economic success of Iraq's economy. Pimpy Sudani is out there putting out the message the Iraqi dinar is a stronger currency, it needs to be restored. They need to find a way to devalue the dollar against the Iraqi dinar. But they're not putting out any indication at all what that rate would be. He's just saying that it's a stronger currency. Does he mean stronger as in its recent performance? ...Or is he trying to say it's a more valuable currency than the US dollar. Doesn't say. Don't get over excited. Stay grounded. Frank26 The CBI... they are working with Sudani and the United States on the exchange rate. That's why we haven't seen the budget yet because everything waits for the exchange rate. Nader From The Mid East When [Sudani] says, 'I'm gonna change the dinar rate...it doesn't mean it's gonna go 2 to 1 or 1 to 1. It can be back to [the year] 2020. I hope they put it back in [the year] 2003...we deserve that I think... We definitely DO NOT WANT the 2003 rate - it was 3000 IQD to $1..! RON Militia Man A lot of things have happened in the last few days. You have the Central Bank talking, You have the government talking, you have the United States Federal Reserve Bank talking. You have meetings going on in Washington ...You have meetings that are said to be done today in Turkey and tomorrow in Turkey. You have demonstrations that may be taking place in the sense of 'monetary reform, why hasn't it happened yet?' Some of the articles we're seeing are phenomenal. We have Al-Sudani coming out and talk to the citizens telling everybody 'Hold on a minute. Don't do anything. Your dinars are going to be effetely stronger that the dollar'... Pimpy In my PMs, DMs, MMs and everything else everybody's sending me the link to Nader's video [See Nader's 2-1-2023 post] ...What gets me, people catch every other word. They pick and choose what they want to hear out of that video...Is the Iraqi dinar more valuable than the US dollar? No it's not. It's definitely IM ?? a lot stronger than the value that it's at now...I don't think the dinar should be as weak as they're showing right now. Just a shout out to Nader. I love when he brings these kinds of things to our attention because it gives us an idea of what's going on but don't misunderstand what you're hearing...
  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 [Iraq boots-on-the-ground report] FIREFLY: Sudani still saying he wants to strengthen our currency. He came out early this morning and he said this is his objective. This is on top of what he is saying yesterday about returning the rate to what it should be. This is encouraging. Mnt Goat Conversation with my contact in the CBI (continued): [See Guru Mnt Goat post 2-1-2023 for the beginning of the converations]: Question: I asked one more question about the timing of events. I asked about the possibility of moving to reinstate the dinar on FOREX. Answer: I was told this was in the planning stages and we could see it very possibly this year and sooner than later. I did not press the point to ask for specific timeframe as I probably would not get it anyhow. And NOW for the MarkZ We are still really close. Nothing has changed on this front at all. We are all just trying to stay grounded in these last yo-yo days... it is interesting we are getting that yo-yo on the banking screens. Most of my sources believe it’s locked in at a $3.90 street rate. ...the chatter remains good...We are seeing so many sources on the ground in Iraq giving us supporting evidence and news on the impending change...The weekend really does look good.
  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 Nader From The Mid East The 800#s, don't believe into it...Keep your money. Do not give it to anyone. Do not send it in the mail. Do not do anything. Do not trust anybody. Henig Article: "Reuters: Washington imposed restrictions on Iraqi banks due to the breach of sanctions on Iran" Quote: "Washington imposed restrictions on Iraqi banks due to a violation of sanctions issued by the Iraqi authorities, pointing to Washington's intentions to apply the same restrictions to the rest of the countries in the region that prove their dealings with Iran or Russia outside the American conditions." Frank26 [Iraq boots-on-the-ground report] FIREFLY: This new app the CBI is now talking about, why do all that to check the status of the exchange rate if nothing is going to change the rate? This is huge deal to tell us we can access from our phone. We know the rate is changing and that's why they want us to look and constantly be aware because the moment it changes we are to run to the banks. FRANK: ...It's stupid for them to tell you to look at the exchange rate in your app when you know damn well the exchange rate is killing you...Why are they telling you to do this? It's to prepare you...this is all part of the monetary reform education. It is marching forward... Suzie If all the intel/info is correct as being alluded to, tomorrow should be a BIG day...or if Iraq will jerk that famous flying carpet out from under us once again. Lets hope the ISX shows up International to us on Monday and they and us go forward! Militia Man The goal is to get an international, Article VIII compliant currency so they can go out onto the ISX. We haven't heard them deny the ISX is going to go live tomorrow as an international entity but we'll see what happens. We know that is something that's been on the plate...and the 29th was a target date so hopefully that happens...
  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 Henig Article "Iraq gets about $100 million annually from aircraft crossing its airspace" Quote "the rate of aircraft passing through Iraqi airspace is about 600 aircraft per day, and according to the plans set, this number is scheduled to increase in the coming period due to the strategic location that Iraq enjoys, which makes it an important transit area for all international airlines, and that the company is now working on Expanding the scope of its work by modernizing the Iraqi airspace and opening new air corridors with all neighboring countries." [Reference Guru Kaperoni's post below] Frank26 [ Iraq boots-on-the-ground report] FIREFLY: The USA is helping with farming here in Iraq to diversify us more than just oil. [NOTE: Reference Guru Kaperoni's post below] Nader From The Mid East Iraq soon would be not dependent on only oil. They have a lot of things working on - tourism, business...import export...that's good news. [Note: Reference Guru Kaperoni's post below] Kaperoni Be assured nothing is happening with the dinar until Iraq diversifies their economy. REPOSTED
  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 .... Especially if it comes from Mark... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani brought back Alaq the former CBI Governor. He's back as proxy to run the CBI. He is saying within a short period he will return the exchange rates. My family want to know how did you know that? FRANK: ...We told you if Mustafa did not hurry up then he would just be fired. It's as simple as that..! Mnt Goat Article: "DEPUTY: THE DISMISSAL OF THE CENTRAL GOVERNOR WILL REMOVE THE TENTACLES OF CORRUPTION CONTROLLING THE BANK" Quote: "The dismissal of the governor of the central bank will remove the tentacles of corruption that dominate the central bank, and will contribute to reviving the Iraqi dinar a different version." WOW! This is amazing news. They are getting really serious now to revive the Iraqi dinar to times of the past. Sandy Ingram Iraq's currency has been experiencing a two-month roller coaster ride after a tightening of procedures for international transfers. Some people are blaming Washington for the dinars problems, however the U.S. has been complaining that the dollar is being funneled to Iraq, Syria and Lebanon through the foreign currency auction ran by the Central Bank of Iraq. Iran and Syria are under U.S. sanctions. MarkZ My redemption Center folks while on a heightened level of alert do not have any news to share. They are just standing at the ready to go.
  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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI is now talking and saying they have a new app the citizens can use to check daily the exchange rate. Isn't that funny...they want us to look at the exchange rate daily...when it floats that's when it's going to change, right FRANK: ...That's just one of the ways the CBI will be telling all of Iraqi citizens they have a new exchange rate. Nader From The Mid East Today Sudani made the decision to change the Iraqi dinar against the dollar. How much? I don't know? When? This week or next week I don't know but he made a decision. The decision has been made. How much I don' know. I can be 1180. It can be 1160. Can be 1 to 1. I don't know. Mnt Goat So was Alaq a good guy or bad guy? Ali Alaq was instrumental in getting the newer lower denominations printed...We read articles that these were, in fact, printed... Then...in mid-June 2020 they challenged Alaq’s proxy position... Alaq’s proxy position was of course a conflict of interest and objectionable to the ability of the CBI to stay independent of the GOI. He had to go mainly for this reason...Today we see a change in leadership back to Alaq. Wow! ...So Alaq is no longer a proxy. He is officially the governor now... I believe this is a good move and in the right direction. It will only help our situation now we know there is someone at the helm of the CBI once again who truly supports the completion of the currency reform project in Iraq.
  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 .... Especially if it comes from Mark... RON Frank26 What did we tell you 3 weeks ago? 'It is possible the governor of the Central Bank of Iraq may be fired because he's just not moving fast enough for Sudani, the monetary reform, for all of those that are involved in the monetary reform.' Bravo! That made us look good but we're not here to try to look good. We're here to try to help you understand what's going on. The only reason we knew that is because we knew the scuttlebutt that was going on INSIDE of the CBI...We told you 3 weeks ago this was going to happen...boom it happened! Kaperoni ...Iraq's prime minister dismissed the current central bank governor Mustafa Ghaleb for his inability to control the exchange rate and reassigned former Al Maliki central bank governor Ali Al-Alaq to run the bank...Back in 2012 the CBI Governor Shabibi was run out of town when he tried to shut down Maliki employees within the CBI who were contributing to smuggling money to Iran. [Post 1 of 2] Kaperoni And recent months the US Treasury has been working with the CBI and current [former?] governor to shut down the smuggling of currency to Iran. And we see Al Maliki influence to get rid of Mustafa and replace him with his appointed CBI Governor from a few years back Ali al-Alaq. A pretty obvious pattern is being repeated here... Maliki is controlling the Central Bank of Iraq or at least influencing currency sales to help Iran. [Post 2 of 2] Clare Article: "Iraqi delegation to discuss dinar-dollar exchange rate with Washington" Quote: “Prime Minister Mohammed Shia’ al-Sudani is in talks with the US to increase the value of the Iraqi dinar in comparison to the dollar, and we will visit Washington soon, he added." Walkingstick It is not a shock. It is not a setback. This process that Sudani did with the CBI is because the governor of the CBI was not being transparent enough. And the education to the Iraqi citizens of the monetary reform was not fast enough. The new governor Alaq was the student of Dr. Shabibi, the author of the monetary reform of Iraq's currency. IMO Alaq is a lot better to take the monetary reform to its promised land of an international float. Under his tutelage was when they printed the new small category notes. Frank26 [Iraq boots-on-the-ground report] FIREFLY: There's going to be a national day of protest Wednesday at the CBI...We people are mad at the CBI because they're not doing anything... thousands are going to show up. FRANK: ...Your voice must be heard by the CBI that you need this new exchange rate now, not tomorrow ...your new governor of the Central Bank Alaq knows exactly what the monetary reform plan was and he knows exactly what Sudani wants...Let Wednesday be a form of communication... MarkZ ...They have to raise the value before they can be Basel 4 . They cannot be basel 4 first and then raise the value for a couple of reasons. 1. It’s not tied to an asset until they raise the value…but more importantly …If they were to go Basel 4 first… everybody around the world would know it is time to buy IQD in a massive way. It would create such a security headache and pain in the butt for this and really toss the value up in the air. They need to revalue first and then go Basel 4. I hear this will all happen within minutes. Mark you just ruined a good post by telling you what you heard " within minutes". RON MarkZ ...there is no negative news today … we are still getting positive stuff. [Q? : Mark, What does you gut feel for the timing of this to go?] I get in trouble everytime I say this…but my guy feels it could go anytime in the next 2 weeks…with an emphasis on the next 2 days. I hope my gut is accurate...lol. It would be nice if you were finally right for once, but we're not going to hold our breath..!RON
  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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Dubai wants to make Iraq like a trading infrastructure investment site - where Iraq is like a hub...this would be a tremendous boost to the Iraqi economy. FRANK: Isn't that something? Dubai, the filthiest richest country in the world wants to make Iraq their financial hub. Oh my gosh, rich people only hang around with rich people...Do you really think that they would make such an amazing enormous investment in your country at a program rate? ...trust me they know what is happening with your monetary reform and they want a piece of it.
  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 .... Especially if it comes from Mark... RON Clare Article: "The Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" Quote: "the Federal Reserve Bank in New York began imposing stricter controls on international transactions of dollars by Iraqi commercial banks in November 2022, in a step to reduce money laundering and illegal seizure of dollars that go to Iran and other countries in the Middle East that are subject to severe sanctions.” [Post 1 of 2...stay tuned] It's about time, and long overdue..! RON Militia Man They're about to make a change and it's expected not only by the citizens but also by the Ministries. They're all expecting something to happen from the CBI... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI came out and spoke because everyone is pointing fingers at the CBI. All they keep saying is the rise is for a reason. It's for the new electronic platforms that were in place to make sure that the dollar reached the one who needed it and not through other means illegally. This is absolutely new... streets are beginning to now start talking about how CBI is hurting every day citizens. FRANK: I don't blame you that you went to the CBI and you protested...The platforms that they're talking to you about, are where the dinar is going to float. There's nothing wrong with you as a citizen to put pressure on the CBI... Henig Article: "The dollar has gone down... the dollar has gone down"... cheers from the audience as Al-Sudani entered the Basra stadium" Quote: "the audience chanted: "Download the dollar...Download the dollar" in the dialect. IMO: A very poor translation in the headline there. It's not past tense, as the headline wants to show. They're calling for the Dollar to be devalued... Thanks for the clarification Henig - much appreciated. Now it all makes sense..! RON I intentionally didn't post any of Mark's opinions, because he's just repeating the same thing over and over again... RON
  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 Clare Article: "For the first time... $100 jumps over 165,000 dinars in Iraq " Quote: "The exchange rates of the US dollar against the Iraqi dinar jumped today, Thursday, in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of Kurdistan Region, to record more than 165,000 dinars. Militia Man All the things we're seeing right now are pointing to a picture Iraq is about to make a move with their exchange rate and the reasons why they're keeping it quiet is because it's sensitive. It's not the CBI's job to come out and tell you exactly what they're going to do... Frank26 [Iraq boots-on-the-ground report] FIREFLY: It's gone from bad to worse on the streets. The markets are calling for something to be done. A lot of pointing at the CBI and their failure of handling the exchange rate. More and more hate is coming at the CBI. FRANK: Unfortunately...you have to suffer right now in order to prosper very soon... And NOW, we have Marks latest output of pure MarkZ I am still getting exceptionally positive news from every corner of the world. Every paymaster…every bank contact…. They all expect it in the month of January. So the PTB better get awfully busy.
  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 ... Especially it it comes from Mark or Bruce ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI comes out today and says they are prepared soon to show confidence in the dinar and Sudani has ordered opening many areas of the Green Zone...They're trying to show the citizens they have security. They're trying to get us to not only have confidence in them but in the currency they are now saying they're going to give us. FRANK: It just doesn't get any better than this! Nader From The Mid East I think it's going to be on Forex...and that day you'll be International I think they're going to come out with a new currency. But for now they're not saying anything. They're talking about it but they're not showing any improvements. And NOW, we come to more of Mark's daily dose of MarkZ I am hearing some fantastic stuff. If it pans out by tomorrow evening you guys will all know it...That is where I will leave this as I am getting leaned on pretty hard... The news really is solid and I am sorry about being so vague…but I am not sure what I can get away with saying…and I don’t want to risk my own exchange.
  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 ... Especially if it coms from Bruce... RON Paulette If the new rate does not directly apply to both old and new currency, the CBI will have created a Multi Currency Practice structure in violation of the IMF Article 8. Therefore, the IMF will not be able to authorize a Reinstatement due to Iraq being in violation of Article 8. This would also prevent full ascension to the WTO. Certainly the plan for Iraq cannot be to run their country on USD forever. The underlying fundamentals for holding IQD are sound. The implementation of the "Delete the Zeros" project will tell us just how sound. Militia Man Article: "Iraq achieves the largest purchase of US Treasury bonds in 10 years" Iraq holding US Treasury Bonds doesn't suggest their is an issue with the value of the Dollar or they wouldn't be net buyers. They know what the UST has in foreign reserves.. As in IQD, being one of the largest. All boats rise with the tide, Iraq included.. Walkingstick [Walkingstick's Iraqi Bank partner/friend update] On Monday we [U.S. CBI satellite bank] have site meeting with the CBI. All my employees will be there too...The CBI wants to talk to us. Nader From The Mid East Two things you're gonna see. When they stop selling and buying [dinars] at the banks for a week or two. When you see new very small currency come out - 1, 5, 10, 20 maybe 25, 50, 100. Now you can smile and say "they made it..!" Pimpy The news as usual has to do with the dinar exchange rate. Every day one to two articles about changes to the exchange rate, thought about changes to the exchange rate, Central Bank of Iraq saying there's no change to the exchange rate, Stock exchange playing havoc on the exchange rate, one thing or another is in the news about the exchange rate and this causes a lot of confusion... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Protesters outside of the CBI demanding the dollar go down and strengthen our dinars. This started with around 2 dozen protesters but it's grown to over 100, and now security forces are called in which are standing by. FRANK: This will only last a day. You will have good news very soon. I don't blame the citizens that are protesting at the CBI either. The governor knows he can be fired at any moment. That's why he's going at a faster pace... impossible as it may seem the monetary reform is on solid ground and gaining ground... And NOW, some of Bruce's rediculous nonsense: Bruce [from Tuesday] One of our sources is very close to the Treasury and has strong contacts there and is saying...All should start and roll out over a 30 hour period beginning at noon - Eastern time tomorrow [Wednesday]...So noon tomorrow, Wednesday - Is 6pm Thursday is our 30 hour rollout window for what is going to be in affect...a shotgun start... I know Iraq has done their thing. Hopefully, they have done everything that they needed to do...I think it's ready, We're ready to go. If only this were true, I'd be extatically happy & blessed..For All of US..! RON
  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 Walkingstick The insane reserves the CBI keeps talking about that is what's going to allow the IQD to be asset backed. It's not just oil. It's all of their resourses. That's what makes this currency have so much potential and everybody wants it. It's amazing. Frank26 Question: "If Iraq keeps accumulating reserves why do they need to revalue?" Because the reserves are not a countries currency. The reserves are a combination of many other countries' currencies and assets and gold and whatever. The currency is what needs value not the assets. The assets add value/gives value to that which does not have value. Clare Article: "Central Bank: Hard currency reserves amounted to more than $99 billion" Quote: "The rise in reserves is a positive indicator for the Iraqi government and the central bank for the stability of the exchange rate and the local currency" Nader From The Mid East For now nothing's happening. They keep talking about it but...IMO it's gonna take time. I don't think they're ready. I don't think the budget has a rate in it. Even if it has a rate in it it's gonna go back to 1160. Even if it floats it's not gonna gain values that quick because the currency is too big... Pimpy There's still a lot of stress happening over the exchange rate and it's not what people think. I'm hearing all kinds of rumors out there that people are saying they're fighting over the exchange rate increase to the original rate of $3.22. That's not true. It's not true at all... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The big news is we finally heard news on when the budget will be in parliament... FRANK: That's wonderful news...I believe what Sudani is telling you...The monetary reform is moving very very quickly... FIREFLY: Yes, within 2 weeks it will be inside parliament. FRANK: If they truly stick to the schedule of two weeks then my trifecta might actually happen around that time - a seated/announced government, an announced and open budget for 2023 and a new exchange rate with new small category notes to match it...
  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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Late January Iraqi citizens have been told they will be able to buy US stocks or any other stock in the world in our market. This screams some type of international. FRANK: That is correct. You will be able to buy currency outside your borders because the international world will be able to buy your currency outside of your borders also. And as it travels outside in a float it will gain value, security and stability. I pray to God they take it up to at least $3.22 maybe even as high as $4.25 but it's up to the agreements they made with Kuwait and the IMF. Keep praying and dreaming Frank - it may get there some day, but not anytime soon.RON Pimpy As in 2022 I would say about 2023...Al-Kazemi got Iraq back on track with reform papers despite all the obstacles and the lack of support. Al-Sudani appears to have the support necessary to continue these reforms. That's what we hope happens. We're going to find out just how much corruption is involved with Al-Sudani here very shortly and we're going to find out if all of a sudden Sadr jumps back on the scene and starts making waves and we go through another wave of protests which is not what we want...My guess is we're going to see a real clear picture about everything the first 3 months going into 2023...
  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 ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend...he agrees what we are seeing right now with the dinar prices moving up and then back down is the CBI actually doing a float now preparing for what is about to take place. FRANK: This is powerful... Sandy Ingram Why the IQD/USD exchange rate matters to people in Iraq - Iraqis who are paid in dollars have more purchasing power...people paid in dinars have less purchasing power since imports and exports are paid in dollars (including oil revenue)...the new prime minister of Iraq says he wants to increase the value of the Iraqi dinar...
  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... So take everything with a grain of salt ... RON Sandy Ingram This is breaking news. Article: "CBI takes action to stabilize Iraqi dinar exchange rate" The CBI has announced measures to help stabilize the dinar/dollar exchange rate. One of the measure they are now doing includes allowing banks to participate in buying and selling any amount in foreign currency... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The HCL is still being worked on. They are back in Baghdad meeting right now. This has no final agreement signed now. We're not too concerned about it because we know they're going to agree. As of yet there is nothing that has been signed. This is a sticky point and has to be signed and activated. They have signed article 140, but HCL and Article 140 are different items..[Post 1 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: News here talks about the meetings and the HCL all day...they're saying the only thing Iraq needs is this HCL signed and activated to make Iraq have ability to advance in the International world. This HCL is the final key... FRANK: They just told you the moment they have the HCL signed your currency is going to go International. That's why you have so many platforms already established internationally..[Post 2 of 2] Kaperoni Frank 26 says they are removing the dollars from Iraq...That's not possible because that is counterproductive to the daily currency auctions which are used to stabilize the exchange rate. [and] says the Iraqi dinar is going to go International and in January the Iraqi Stock Exchange is going to go International...Both are already open to the world...The Iraqi Stock Exchange...are just improving their infrastructure and opening web based investing. Militia Man Article Question: [Reference Samson Article Below] "New currency? Does this mean they are rolling out the lower denominational notes too?" They say "This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks," So from that we can deduce it is possible they are talking NSCNs. Samson Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market" Quote: "The head of the Federation of Iraqi Chambers of Commerce suggested "diversifying the foreign currency commodity within the central bank and not remaining a monopoly of the dollar only, the strict monitoring by the Federal Bank on the movement of the dollar from Iraqi banks to intermediary banks." [REPOSTED for MilitiaMan above]
  18. 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: Sudani says the reason for the high dollar exchange rate right now is because their goal is to remove the dollar from the country. FRANK: To de-dollarize! Wow. There it is.
  19. 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 *** Samson Article: "US oil reserves fell to the lowest level in 38 years" Quote: "The strategic oil reserves in the United States decreased in the week ending November 11, by 4.1 million barrels, or 1%, to 392.1 million barrels, following the weekly review of the Energy Information Administration in the Ministry of Energy in the country. Since March 1984." *** Walkingstick The HCL and the census under article 140 and the INOC (Iraq's National Oil Company) and other entities too have agreed with Kurdistan on the HCL. There is no delay. There is no stopping it. That's why you're seeing things move so fast. There are no delays to the budget due to the HCL. All systems are go... *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said if the budget gets to parliament by the 9th that by the end of December it will be voted on and passed to the president to sign. This appears to put us in January, anywhere from the 1st on through the 1st quarter. FRANK: If they can get to parliament by the 9th and if they can review it up until the 30th of December then we've got a good chance for the 1st.
  20. 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 Great news over the last couple of days...I think these are major steps that were needed in order for Iraq to once again be accepted by the international community and their currency be recognized. I keep stating, even if they did make a change to the Iraqi dinar exchange rate what good is it going to do if we are dealing with restricted currencies. Did what Iraq just recently do take care of that issue? We're gonna find out... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI has been having meetings with everyone! FRANK: That's exciting because if you look at the people he's meeting with these are the right people...they are all part of the reforms both economic and monetary. Yeah, I'm excited to see what is happening in this month of December.
  21. 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 Walkingstick A pairing is what we now are looking for...because it will start to reveal what the Iraqi dinar is doing is a float...the pairing will lead the Iraqi dinar to an exchange rate equivalence...the IMF and the U.S. treasury...will only allow the float to be a plus or minus 2% to 3%...until they cap it. Frank26 "International". There is no other word for us to be interested in right now...It's so important that you understand Iraq is reaching to the international world. Their arms are wide open. They're hugging everybody...international. This is powerful. Pimpy With all this speculation going on with the exchange rate you really have to question what is really going on. Are these individuals who are supposedly privy to the truth about the exchange rate and that some change might be taking place, therefore they're starting all kinds of speculator rumors which drives up the value of the dollar against the Iraqi dinar allowing people to buy more dinar for the dollars because they anticipate a change in the rate that would benefit the dinar...? Clare Article: "The International Monetary Fund: the reserves of the Central Bank of Iraq will rise to 100 billion dollars" Mark There is a whole lot coming out of Iraq right now and holy smokes it has been an interesting overnight and early morning already. Things have lit up overnight...We know they have finished all their requirements and now it looks like they are off “stuck” and moving quickly... What I am hearing coming out of the banking side. Meetings started yesterday late in the evening…as they try to prepare for this...I don’t have any timing from bankers yet…they were still in meetings late last night. I cannot wait to get updates today. Just more of Mark's BS - speaking but saying nothing..! Frank26 [Iraq boots-on-the-ground report] FIREFLY: We were told that the last payment for Kuwait has been made. It was paid off yesterday... FRANK: To see Kuwait is finally satisfied with the restitution that Iraq needed to do with them because this is one of the precursors of the new exchange rate through the IMF...it is exciting. I can see your excitement.!
  22. 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 [Iraq boots-on-the-ground report] FIREFLY: Sudani told us the U.S. Treasury says that our currency is off the high risk bank list and then he went on about how good the Iraq's banking sector has done with International instructions and guidelines and laws and rules. We've never seen this CBI and the US treasury talk like this... FRANK: The United States Treasury did everything they could to help the CBI have a new exchange rate...The U.S Treasury is making sure the CBI is linked up internationally with every bank in the world and not for a program rate... Clare Article: "Al-Maliki makes the approval of the oil and gas law conditional on this matter" THAT IS NOT NURI AL-MALIKI ..... IT IS A DIFFERENT GUY SAME LAST NAME Mark Not a nothing burger today…but not nearly the news I was hoping for overnight last night. Article: “Budget Law absent from Iraqi Parliament for 30 days'" This is playing out as we speak today. I am being told from some contacts on the ground that they are hoping to extend the parliamentary session through the 9th or 11th of December to get the budget squared away first. …but it is supposed to end tomorrow as parliament goes away for a 30 day recess. This is normal for the holidays. Kaperoni ...This [auction] action by the CBI will not only help the citizens but it will help them with the IMF to meet compliance. Further liberalization also helps encourage investment in Iraq . The real reason why they're doing it though is to try to get the exchange rate back in line with the 2% spread limits the IMF has imposed. The current exchange rate in the market is around 1490 which is on the cusp of exceeding that limit making them out of compliance. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The Prime Minister came out and says we're going to have foreign currency in our market. FRANK: Yes, because you're going international.
  23. 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's from Mark... RON ** Frank26 [ Iraq boots-on-the-ground report] FIREFLY: All the main banks in Iraq are saying they are keeping up with modern technology and...lined up with International standards and acceptance proceedings. FRANK: Holy cow..! ** Pimpy History: What happened between Kuwait and Iraq? August 2, 1990 Iraq invaded Kuwait. They occupied the country around October of 1990. Saddam Hussein told the people in Kuwait they had until October 3rd to exchange their Kuwaiti dinars for the Iraqi dinars. After that the Kuwait dinars wouldn't have any value...Both currencies immediately were devalued. Kuwait's dinar was devalued to protect it from being stolen and sold on the black market. Iraqi dinars were devalued because of the invasion. [Post 1 of 2....REPOSTED] ** Pimpy The Iraqi dinar at the time was worth $3.22...Kuwait dinar...$3.45...internationally the currencies were not usable. Central banks refused to acknowledge the currency and therefore it had no value. The U.S. liberated Kuwait February 28, 1991 and shortly after Kuwait redenominated their currency. So it's not so much the currency was revalued as much as it was re-denominated, which is different...I'm anticipating [Iraq] is going to do the same thing Kuwait did...you'll be able to exchange your old dinars for the new dinars and they'll just reinstate the rate. [Post 2 of 2]
  24. 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 TV is talking all the gold they now have. They're tying it in with the Monetary Reform. FRANK: Yes, they have told you in the past that you have a tremendous amount of gold to back up your reserves for your currency but you also have so much untapped reserve potential in the ground...Iraq is extremely rich...you will become a Mecca in the east. ** Pimpy There's some interesting developments involving the exchange rate. I was impressed when Al-Kazemi was prime minister but I'm super impressed so far by the speed in which Al-Sudani is moving... ** Kaperoni People always wonder why Iraq can't significantly RV the Iraqi dinar and often compare it to other Middle East countries. The difference is Iraq has over 83 trillion dinar in circulation compared to between 40 to 80 billion dinar and many other Arab states.
  25. 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 CBI governor comes out and gives a statement on how it's illegal for him to discuss or even predict anything related to a rate change. He went on a rant. He talked like 5 minutes. FRANK: Isn't this something! ...the governor comes out and says according to our constitution and our laws I can't tell you we're going to raise the value... FIREFlY: Why even do this if something not about to happen. ** Pimpy Article: "Central Bank of Euphrates News: No denomination will be withdrawn from the Iraqi currency, and the 20,000 is in the process of being designed" I like the fact that it's definitely a lower denomination...they have the 250...500...1,000...5,000... 10,000 ...20,000 and 50,000 so now they want to create a 20,000 dinars. What I'm anticipating is...we're going to see the 25,000 and 50,000 dinars removed. Not right away but removed...they'll definitely be heading in the right direction. That'll definitely bring a lot of positive vibes to those individuals who've been waiting for the dinar to gain in value... ** Mnt Goat Article: "IRAQ’S OIL GENERATES MORE THAN 8 BILLION DOLLARS IN ONE MONTH" WOW! WOW! WOW! This is a filthy rich country! Yes, and the dinar is still 1/6 of a penny? ...The monthly revenue of the IQD is more than twice that of the economy of Kuwaiti KWD, their neighbor yet Kuwaiti dinar is KWD 1 equaling US$3.26 (up 26% today) and the Iraqi dinar IQD equaling only 1/6 of a $US0.01. Can you see the artificial suppression of the IQD. Why? When will they allow the true value of the IQD to be reflected in its rate and have the rate traded internationally like the KWD? ** BeeDeeDub [Reference Frank26 Well Fargo Bank post 11-30-2022 ] I PERSONALLY CALLED the...Wells Fargo Foreign Exchange telephone number...Wednesday, November 30, 2022, at exactly 7:45PM Eastern Time. The recording on that phone number explicitly stated "There are several currencies we currently do not offer, and have no plans of offering in the future, such as the Zimbabwe <<currency name>> and the Iraqi Dinar." [Also] the Iraqi Dinar STILL IS NOT LISTED ON THE WELLS FARGO FOREIGN CURRENCY WEB PAGES.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.