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HOT - Thursday Afternoon Opinions @ 5:05 PM CDT - 9/28/2023
ronscarpa posted a topic in Dinar Rumors
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 television is saying from the advisor to Sudani within 72 hours there will be a change to the dollar exchange rate. If that's true that means our exchange rate automatically changes too. They're saying the dollar rate will have a mechanism applied through which will control the parallel market rate. They said Sudani and the CBI have many proposals and papers ...to fix the issue. And within 72 hours we will see all this applied to fix the dollar exchange rate. This sounds very positive, but for some reason, I don't think it is what we're hoping for. I feel they will move the rate back to 1170, or possibly to 1000 IQD/USD. Change some policies so there isn't a secondary market. Let things stabilize, then possibly make their big move. It would be wonderful to go straight to $.10, or $.25, or $1.00 - but I don't believe that'll happen. Too much telegraphing with some of the comments supposedly coming from Sudani and others. JMHO...! RON -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy I still think the dinar is going to go up in increments. I'd like to start seeing some of those increments take place now. I don't think you'll see any increases this year but very possibly next year. Walkingstick [Aki Iraqi bank friend update] Bank here [In the United States] will open October 1st. It will be news coverage. All 700+ of their employees over there [In Middle East] bordering countries and here [US] have a bank account opened and/or had an account for electronic deposits from oil procedures, retirement and salaries opened. MarkZ Comment: I would think it would get done soon…with the rumors of the Governor of the CBI being removed because rate change hasn't happened? Both Sudani and Alaq’s necks are on the line…imo. Mark: Yes they are…and on top of that is the ascension to the WTO on Oct 4th. Things are heating up. It’s do or die for Iraq to get this knocked out. Angel1 There are only two things left to do on this laundry list of things for us to get to the bank. What are they? Change the exchange rate and release the lower denominations ... at that point, shortly thereafter if not simultaneously. I have the opinion it'll be on Forex internationally. They'll have an internationally exchangeable currency. That is when we go to the bank...I would not be surprised if something special happened very quickly. Pimpy It really looks like they're covering a lot of ground really quick. I'd love to see the sanctions removed. I would love to see the authorization for military use reversed. I would love to see them expedited and put into the World Trade Organization. I would love to see this development road...railway get build really quick. I would love to see them finish the Port of Faw real quick. These things all contribute to a booming economy for the Iraqi people. But we're not there yet. It's not going to happen overnight. Frank26 [Iraq boots-on-the-ground report] FIREFLY: We're hearing we have the full support and acceptance into the global financial world...All the financial institutions like JPMorgan Chase, all of them are welcoming Iraq Sudani says. This is great for Iraq and it will attract more investors. FRANK: Even Wells Fargo...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see Austria is back here in Iraq. They are reopening their embassy here. Their ambassador says due to the security and stability here it leads them to trust and reopen. FRANK: Hey, Sudani how clean is the floor of the CBI..!? Angel1 There is one more requirement the WTO is asking from Iraq and that is to change their exchange rate. That is what the WTO is waiting for. Clare Article: "Announcement of a tender for supplying, installing and operating counting and sorting machines and currency packing machines" Quote: "The Central Bank of Iraq announces the conduct of a public and private tender to equip, install and operate machines for counting and sorting Iraqi and foreign currency (dollars and euros), number (30) and currency packing machines, number (4) machines for the Central Bank of Iraq / Kurdistan Region Branch / Erbil." Samson Article: "Instead of the President of the Republic, the Sudanese participates in the United Nations General Assembly meeting" Quote: "Prime Minister Muhammad Shiaa Al-Sudani is scheduled to participate in the annual meeting of the United Nations General Assembly next week." Frank26 Why would Iran be at the CBI governor's office dealing with international issues? I think you know why. They can't steal anymore. The floor is spotless. It's dinner time. Something is about to happen.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Sudani and Alaq have run out of time...now they have no other choice but to press the green button and go International. IMO that's exactly what they're doing. Militia Man Al Sudani going to New York for a week to cut deals? Maybe. We'll see how that turns out... Walkingstick The monetary reform is very loud right now. It's extremely loud right now. The decibel level is at a hurting point... Pimpy [US Treasury Secretary Elizabeth Rosenberg in Iraq last week] She is an expert in banking...Her job is to do an analysis on the bank and what is she looking for? ...Security...She's there to check on the reforms that have been implemented and what is left for Iraq. Nothing to do with investing...Somebody's gonna hear that she came to Iraq and...make it bigger than it is and somehow tie it back to the exchange rate change of the Iraqi dinar...She's not there to talk about the exchange rate. All she is doing is making sure the programs that were supposed to be implemented are implemented... Nader From The Mid East A couple article come out today about the HCL has been approved and has been activated today. By next month all the Iraqi citizens should see some money in their banks and that's a good thing...We should see something soon. MarkZ ...A lot happened over the weekend. A huge amount was accomplished on the HCL in the Kurdish region…and budget agreements. This tremendous HCL progress is definitely the talk on the streets over there. It’s the execution of the HCL we are waiting on. I have been told over the last 15-20 years that when we see HCL (hydrocarbon law) finished and executed we would be days from the rate change…so I am super excited about the progress over the weekend and it certainly lines up with what my sources are saying...So for me, this means anything after Wed this week is fair game. Frank26 Hey, Alaq, how clean is the CBI floor? 'It's dinner time.' ...I never thought I'd see the CBI floor so clean. Iran, Iraq, U.S. Treasury meeting with the CBI? Why would you let the wolf back in the chicken coop? ...Iran said we promise [to be good]. Whoa! How clean is that floor at the CBI Alaq? 'Spotless' Militia Man Everything we've been seeing...is showing Iraq is going to have a big week. Al Sudani is set to arrive in New York on the 18th. I would imagine there's going to be sideline deals. If you look at the lineup from the U.N...Iraq is slated [to speak] on Friday the 22nd...Iraq is coming out to the world and we're going to be a part of it. I'm really excited to see it... Clare Article: "Al-Sudani and Fouad Hussein alongside world leaders in New York" Quote: "The Iraqi delegation will participate in the meetings of the United Nations General Assembly, headed by Prime Minister Muhammad Shiaa al-Sudani and Foreign Minister Fuad Hussein, and they will meet there with many world leaders, according to Foreign Ministry spokesman Ahmed al-Sahhaf." Sunday Midnight Opinions Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani said he's not worried about the parallel black market. They have a mechanism which is about to be implemented that will down the dollar and make the dinar strongest. FRANK: WHAT!?!...Good God almighty...Holy guacamole! Kaperoni Iraq can talk about the WTO all the time and they can get excited about joining, but it's all hype until Iraq it creates the conditions for them to be a full member. Currently, they are still 90% dependent on oil exports. Sandy Ingram Good news, Iraq and the US hold financial reform discussions in Baghdad. This little meeting not reported in the mainstream news tells us the US may be ready to help Iraq move towards significant growth in its currency. At least we hope that's what this meeting is pointing to. Militia Man Article: "Instead of the President of the Republic, the Sudanese participates in the United Nations General Assembly meeting" Quote: "The United Nations General Assembly meeting scheduled to be held on Monday, September 18, 2023" There is obvious motivation for him to move up his schedule up from the 20th to the 18th...Is there more to the story than meets the eye? ...He would have to be awfully motivated to move things along so quickly now. The UST apparently wrapped it up in Baghdad this week and from the successes of those meetings that were on going, they may have allowed for the urgency of him to arrive in the USA. I like it.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article: "Washington appreciates the efforts and steps of the Central Bank of Iraq to contract with international audit companies" This discussion has been going on for some time, sure we lose our purchasing power. Yes, it sucks for the American citizens but the fact that Trump said we should be on a level playing field as far as currencies are concerned, now you have the Biden Administration over there talking to them about allowing the Euro, Yuan and the Durham to be used for trade. I find that very very interesting...Are they trying to make an equal playing field for everybody? Sandy Ingram The Turkish currency has steadily increased abasing the U.S. dollar since March 2023. If Iraq's currency were to match the Turkish Lira many of us would be looking at $40,000 in profits (with 1 million dinar) even without a so-called revalue. In a matter of months you can realize thousands of dollars in profits when dealing with exotic currencies. It is taking Iraq longer than usual but they have had so many more issues than many countries. Frank26 [Iraq boots-on-the-ground report] FIREFLY: U.S. Assistant to the Secretary of Treasury is in Iraq and she's meeting with the CBI banking official. FRANK: Iran has a meeting with the CBI [too]! FIREFLY: Sudani when he we was done he left us with these final words. A spokesman came out for Sudani on the news saying Iraq will achieve its dreams. Angel1 What we have been hoping for all these years is upon us. It really is...Why now...Sudani all of a sudden having special televised meeting talking about security? Why stability? The bottom line is this. Iraq is ready. The environment is ready. MarkZ Article: “US Treasury discusses with CBI foreign trade in three currencies other than the dollar” This is the US Treasury representative in Iraq and sitting down with Alaq. Of course they are working with the CBI and working through some things...They also discussed all the tremendous efforts Iraq has done to modernize their banking system. They can now track money laundering, bad guys ect…I am still hearing there are Fed Reps and State Dept Reps there as well as World Trade Organization Reps as well. ...I am hearing out of Iraq…That they are finalizing that rate change (we don't hear this from any other source other than Mark & his 2 cronies)...I still believe everything is in place and they just need to flip a switch. It would be nice if this was all true, but it's Mark speaking..! Militia Man Once they go international they're going to have to have an international exchange rate to value assets. Those assets are going to have to be competitive in the marketplace. I think Al-Sudani's speech...the U.S. Treasury showing back up today, the Central Banks of Iran and Iraq are a key focus and everybody should be really excited about it. Let's see what happens in the next couple days. Obviously they're going to tell us more about this whole process because it's going to be a public deal... Nader From The Mid East The Secretary of Treasury of the United States just landed in Iraq to meet with the CBI and the government and the auctions have been changed for good. This is major. You know what happened on the auction changed usually the dinar goes up. So get ready. Good luck!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "Iraq announced to the world that its oil reserves have risen to nearly 6 billion barrels" I think this is going to affect the monetary reform, exchange rate, the RV of the monetary reform phase. I think it has great potential. If it continues, to help the float reach the $3 to $4 cap area... Angel1 America has now agreed to support Iraq in all its endeavors, including currency reform. Kaperoni The Prime Minister talked about addressing the exchange rate...He's not talking about an RV...he's talking about getting the spread back in line...The market rate in Iraq continues to fall. Now at around 1550 to $1. This is reaching close to 20% spread from official rate. Not good and will continue to hamper the CBI effects to meet IMF compliance. Nader From The Mid East Here's my opinion about Sudani in the media...First, he got me all excited. He's talking to the Iraqi people. He's kind of like Trump, he's United States first, Sudani is Iraqi first. I love that. That's one thing I love about him. Whatever he said about business, trading, manufacturers, money, everything he said it showing me the future we're going to be very strong. That's why I get excited... Militia Man Article quote: "Iraqi and Iranian Central Banks are working on a mechanism to regulate trade and break the back of the parallel market." They had a problem with the black market. The parallel market is illegal. It's illegal to be trading in dollars...Sounds like they're about to get rid of it. Iraq is supposed to be dealing in dinar only...on the streets... Samson Article: "Source: Deputy Governor of the Central Bank of Iran arrives in Baghdad with a visit that will lead to a reduction in the price of the dollar" Clare Article: "The Governor of the Central Bank of Iraq receives the Assistant Secretary of the US Treasury"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news is showing US ambassador saying Iraq is close to its goal - it has more stability and security in a very long time and praised us about a new trade export at the Baghdad International Airport. FRANK: You've got the US ambassador telling the whole world telling Iraq's security and stability is thumbs up! Angel1 Very very soon we will have a brand new rate that they have been working on that you have been looking for and I have been looking for all these years. For Sudani to come out and talk about security and stability and the exchange rate is the ultimate setup to change their rate. Militia Man Article quote: "Iraqi and Iranian Central Banks are working on a mechanism to regulate trade and break the back of the parallel market." They had a problem with the black market. The parallel market is illegal. It's illegal to be trading in dollars...Sounds like they're about to get rid of it. Iraq is supposed to be dealing in dinar only...on the streets... Samson Article: "Source: Deputy Governor of the Central Bank of Iran arrives in Baghdad with a visit that will lead to a reduction in the price of the dollar" MarkZ I am continuing to hear very positive stuff. The consensus is from my Iraqi contacts…that they are looking for a worldwide announcement of a rate change somewhere around the 20th or 21st. That does not mean we are waiting until then. That means that is when it should be announced to the public. We should hear something before then based on what I am hearing right now. Let’s hope this is accurate. I don’t think I have ever heard this much hype before…It’s almost overwhelming…In a positive way. Clare Article: "The Governor of the Central Bank of Iraq receives the Assistant Secretary of the US Treasury" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani traveling to meet USA president Biden on Sept 20th. This after meeting in New York for UN meeting. Angel1 ...WTO had asked Iraq for stability purposes, to finalize trade agreements...so they can show they had enough trade for many years to come. They've done that. That was announced today. Sudani even said in the special televised meeting that they have contracts that he's not even able to discuss. He even said some of thee contracts are not able to begin yet. And we know why. They're waiting for the exchange rate to change.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni I assure you the dong will also remain weak since Vietnams economy has to compete with China for mfg contracts. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is now showing the CBI now has finger prints and web cameras when purchasing dollars for travel abroad. They're not letting anything slip anymore. The purpose Sudani said is the CBI is happy to do this because some people are still pulling tricks and getting away with buying and selling more dollars. This will help curtail this corruption. FRANK: Every form of corruption is being removed. And every form of corruption is stealing the Iraqi dinar. Militia Man Article: "Thousands of people demonstrated in Doha Governate Tuesday morning against the federal government's policy of not granting the rights of the people of the Kurdistan region and represented by the monthly salaries of employees..." ...People want their money. You have to ask the question, Why have they gone from July and into September and they're being placated. For what reason. What do they know is keeping them at bay? ...they're not going to stand for not getting paid... Pimpy Looks like Russia and Saudi Arabia agreed together to keep [oil] production low until the end of 2023. This is definitely going to drive the price of gasoline up...As soon as that announcement was made, oil jumped up to above $90... Clare Article: "Iraq maintains its credit rating with a stable outlook" Quote: "A report by Standard & Poor's Credit Rating Agency (S&P) revealed that Iraq maintained its credit rating at B - / B with a stable outlook, with an emphasis on financial and economic stability."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're telling us the official rate technically is 1132. They say in news about budget has words in it saying the exchange rate will be adjusted. FRANK: The CBI told you this? FIREFLY: Yes...And it will be retro to January 1st... FRANK: This is Earth shattering. Powerful...If they lift the three zeros can you live with $1.13? Pimpy For those of you buying dinar off eBay: 1. You better make sure they're not counterfeit dollars... 2. Make sure when you go to make your purchase that you're not spending way more money than the dinar is worth...just be very careful you're not paying way more than necessary... Militia Man Now we see stuff about the oil and gas law which I don't think they're going to expose it. It could be 100% finalized until after an exchange rate change...the exchange rate is necessary for the oil and gas law... Kaperoni There are two possible scenarios for the Iraqi dinar. One of which is not good for us as investors, which is a redenomination/LOP also referred to delete the three zeros. I believe much of this talk is just talk to curb speculation. This also could have been done years ago. The other option is to float the dinar which is the most logical option. Which allows the dinar to actually rise in value over time based on the growth of their own economic success, and increase in GDP. This is the most likely outcome. Sandy Ingram Article: "Iran could attack Iraq beginning September 19th" Military actions could destabilize our currency investment. This is frightening. Six different Iranian-Kurdish political groups have established a presence in Iraq's Kurdistan region. Iran has accused these groups...of instigating and starting the protests that lasted months in Iran in September of 2022. More than 300 people were killed in the protests...No one doubts Iran will attack Iraq's northern Kurdistan region on September 19th. Clare Question: "Do you think the Oil & Gas Law will get approved 1st or the Rate Change?" I think the rate could come any time, even first, because the major agreements to the HCL are met & that too is waiting for a rate (publicly). As you know, they don't tell us everything ...nor do they have to... Frank26 [Iraq boots-on-the-ground report] EYES: My Banker...says let me send you some emails...This Vietnam contract is real and a change is coming. He tells me once that change occurs within 24/hours the Vietnamese dong will also change to be economically fair to both Iraq and Vietnam. He says Vietnam has a lot of Iraqi dinars in reserves and Iraq has a lot of dongs in their reserves. They will not take advantage of each other...When a financial change occurs it will effect both the VND and IQD. This is a unilateral financial agreement...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Community Comment "The US is allowing the dinars (we hold) to go directly to the us treasury against the Iraqi debt to the US." - BS. Frank26 [Iraq boots-on-the-ground report] FIREFLY: President of Iraq on TV news saying we are in a state of high economic stability. FRANK: What is that a warning!?! That's beautiful...that means you can have your new exchange rate if you want it...You are being educated.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Question: Can Iraq do everything in their budget with the 1100 rate that is going now? Mark: No, it will be in the hole if they do it with the 1132 rate...but it gets them a lot closer though. Question: What do you estimate the NEER [Nominal Effective Exchange Rate] rate would be necessary to do their projects? Mark: About $1.30 based on all the math that we have done, that many have done, would be the cheapest NEER rate that they can get away with, but then again they won't be able to achieve the final value that they want if the come in that low. Militia Man Q? : What's this business about this 1132 that Alaq mentioned? Alaq is the central bank governor...He said the official exchange rate for the Iraqi currency is 1132...A lot of people are going, 'Well that's not true!'. The fact remains...he said it...as the official rate of the Iraq dinar but it's not on their website. I'm not making it up. I'm not giving you accusations...it's proved...No it's not MM - See Thursday's CBI Daily Auction posted below. RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Tax authority saying getting things in place to never have another 'Crime of the Century' FRANK: Security and stability, that's how you're going to get your new exchange rate.
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Thursday Early Afternoon Opinions @ 2:40 PM MDT - 8/31/2023
ronscarpa posted a topic in Dinar Rumors
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...the amount of corruption they are uncovering is astonishing to the one in charge of cleaning up all this and Iraq they say is determined to clean the swamp before any movement of a rate change. The corruption is far reaching and must be dealt with. Militia Man You're going from an old style to a new style in this new world economy...the triple zero notes aren't going to be a thing of the future. They're going to be a thing of the past... -
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: Two urgent decisions have been made to enhance the ability of the dinar against foreign currency. FRANK: IMO those two are your new exchange rate and lower denomination notes. Walkingstick The exchange rate numbers on the CBI website are not solid. They're optics at this time because the CBI does not have to show true exchange numbers until they go international. Therefor 1132 is real, not 1320. The official rate is 1132... Breitling Warka Bank...what's happening is the Central Bank of Iraq has told Warka you guys need to come up with $500 million in assetsor 50 billion in dinar. Otherwise you're going to get liquidated or merged with another bank...Your dinar is covered. It's insured. It has nothing to do with anything. That's what's going on with Warka. Praise God, my IQD in Warka will be protected & restored...RON Math Blaster Article "The region is "resentful" of Baghdad: We do not have the money to pay salaries...Where are the budget allocations?" No worries.. It will get done... Possibly this week, or into the weekend... They will not allow for this to get out of hand...But we can certainly surmise that it seems that they are waiting on the new rate before payment is made... This has certainly been an interesting venture. But in the end timed perfectly... Have to admit that those who have not been paid for the last few months have certainly shown a tremendous amount of restraint. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI governor has met again with parliament...They talked about the exchange rate...They actually told them about the exchange rate and the rise of the dollar and the struggles it has to overcome this dollar dominance. They presented solutions yet saying the dollar is going to be forbidden and the stability of the dinar is a major concern. FRANK: Yeah, you know what the solution is and you know the stability will come because of the solution.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Iraq still has sanctions on their money, which is a big deal to us because if you are invested the currency it makes it really hard for the currency to go up in value when there are certain types of sanctions on there...Yes there are sanctions...which means every time Iraq does something with their currency they have to clear it first with the United States... MarkZ I'm not getting anything negative...I still have group leaders that think we are going to break all speed records and still think we will get things done in the month of August, between now and tomorrow night at midnight. They are going to have to do something quickly if they are going to meet those deadlines...it's encouraging. Same old BS...it's coming tomorrow...! Militia Man Article: "Kurdistan Presidency Office: Baghdad's failure to send financial dues to the region is unfair" There is far more to this story in this than what meets the eyes. They'll need the salaries quickly or it is going to get iffy.. lol We can see that there is a reason for them not getting the salaries yet. They'll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now. Suzie Article: "Basra Oil announces the activation of the four "Total" contracts" This would "imply" to me a rate change should be forthcoming as we were told months ago that Total wouldn't go into these contracts on a "tp" rate... Frank26 [Iraq boots-on-the-ground report] FIREFLY: There's more meetings behind closed doors with high ranking bank officials across the board. Everybody you can think of is there with the World Bank and the CBI. This is two days in a row bank official are here. FRANK: ...They are talking about the new exchange rate...Sudani is telling all foreign investors Iraq is a great investment. He's telling them to invest inside Iraq...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Meeting with the World Bank...They talked about wanting...external transfers made up of international standards...They said it was about banking reforms. And they're also saying how important it is for citizens to join this new platform. This will be set up to ensure citizens are receiving all they are entitled. FRANK: ...You're seeing it unfold before your eyes right now...you know what you're entitled to? A new exchange rate and new currency. Breitling Can Iraq revalue in World War III?" It leads to the understanding we are in WW III. We are in an indirect conflict with Putin. We're doing our best, all sides, even the other side, making sure we don't get in a direct conflict. Then it would get really really bad. I don't see us getting into direct contact...Do not worry about Iraq if they can revalue under these situations, because it can. Babysmom ...TODAY IS NOT OVER... IRAQ BANKS OPEN AT 8:00 A.M. AND 9:00 A.M. DEPENDING ON THE BRANCH. THAT'S 1:00 A.M. EASTERN STANDARD TIME. I AM STILL HOLDING OUT HOPE. 12:55 A.M. EASTERN STANDARD TIME WOULD BE LOVELY... Pimpy We know Iraq is being pushed through the World Trade Organization. Their application and their ascension into the organization is moving quickly which would be a huge boost to Iraq and their economy. Mnt Goat no one...can tell you the date of the RV? In fact, I don’t even think the CBI knows until they get closer. But what I do know...is that the CBI is still planning to conduct the project to delete the zeros and to follow that forward with the reinstatement of the dinar back to FOREX. They are working through a plan...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man We can see there's a push now to get the projects...up and and running. There's going to have to be spending ...but we haven't seen it openly yet. This is all about Iraq's future. They're going to need to be Article VIII complaint exchange rate fairly quickly... Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says Iran and Iraq agree to disarm and get rid of the militant groups in the KRI. This leads to better stability. FRANK: Are you kidding me? I never thought I'd live long enough to see Iran say they are willing to disarm in order to work with Iraq...This is stability at its highest form, which is exactly what the monetary reform needs.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: We seeing we rank 5th in the world in oil reserves and yet we have a program rate?
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend said he's thinking we're going to see a move either to around 1138 or an even 1000 very shortly from what he's getting... FRANK: I believe him...I believe him to be ready to greet you into the banks very soon... Mnt Goat ...when I read the 2011 Dr Shabibi plan for the reinstatement process...He told us then that the de-dollarization is critical in Iraq’s currency reform process. So, it sounds to me like this phase of the Dr Shabibi plan is ending and they are moving to the next stage of the process. We all know what that is, don’t we…hint…hint…hint. And NOW, for the JOKER of the Day RayRen98 MOST RECENT ANTICIPATED OPENING RATES... DONG .47...DINAR 3.81... Anticipated: If only it were true..!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat ...the VALUE and RATE of the dinar are two different issues. Yes, the RATE should reflect a true VALUE but it does not today. They know it and we know it. Iraq does not have to rebuild their economy for the rate to change accordingly as the value is already present, just with the resources they can now exploit and sell...Once they do rebuild Iraq cities and grow their economy the dinar should also then adjust its rate and go even higher as thy plan to put it on a FLOAT when it is reinstated. ...No, it is not possible to float the dinar starting at the program rate... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The Federal Court is being talked about On Television Channel One saying the decision made was on July 26th that the new budget to be activated and funded within 30 day and we are nearing the date...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article "Specialists: The path of development gives Iraq an important position in international trade". The development road is the investment side of the tripartite budget. Get ready folks, we can see the efforts being taken are to join the Global Financial System.. There is no denying it. imo.. Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Our government is saying USA defense interest is secured in Iraq for the first time since 2003. Wow! That's when we were at 1 to $3. Iraq agrees on the troops being here in Iraq. I guess Sudani wants you guys here...this is a win-win for all of us. FRANK: Let's see you try to steal something now. Breitling We have to watch the CBI. Don't listen to what any body else has to say. Do not contemplate opinions or other ideas... Kaperoni ...Until Iraq diversifies, creates the conditions, there will be no change in the dinar. Sandy Ingram Iraq has 3 significant tasks before we will see an increase in the currency's value. 1. Rebuild their infrastructure, which they are actively doing... 2. Making the country safe for citizens and international investors. In other words stopping the assaults against foreign investors. International investors want to invest in Iraq because their investment will be worth more when the value of the IQD increases. 3. Creating additional streams of income outside of the oil industry. Iraq is actively making progress by implementing new factories...road projects connecting Asia to Europe and partnering with a neighboring country to build oil vessels... Frank26 All I know is that things are coming to a crescendo...at that high point where there's nothing else to climb...you're at the very end. Walkingstick [Aki's Iraqi Bank report] Not all banks will be brought back even though they will all be online. This is to monitor them. This step has already started. It is already well advanced ... Bringing these banks back online is needed for the monetary reform...these banks are scattered all over Iraq... Clare Article: "Al-Sudani: More than 60% of Iraq's population is under 25 years old"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man ...I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending… for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310...Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate. Clare Article: "World Bank: Iraq's economy is "fragile" and its debts have risen to $152 billion". Quote: "...noting that the Central Bank auction caused the redirection of hard currency to the parallel market, which led to a decrease in the value of the dinar against the dollar." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on television again saying in the coming days we will see the overthrow of the major corrupt. This is what we think is the final part to cut the head off the snake...My bank friend told me this it the part we're looking for next and then we get what we want. FRANK: ...You can trust Sudani to cut the head off that snake. Mnt Goat ... we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon...this is their target, and we know now it is. Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros? Just be patient, the reinstatement is coming. Militia Man I think as far as everything being in place where Iraq is concerned with their re-instatement timeframe…I think the writing is on the wall that they are going to go into the international financial system...And we also expect to see the new small category notes (lower denominations) released in Iraq…and I am hoping this will happen in the next short period of time.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says we have done a good job on getting away from the dollar but it still faces an up hill struggle. I'm not the smartest man in the world but why don't the CBI give us a rate and a value? Then the people will flock to the dinar and be no black market dollar because Sudani says the dinar will be higher than the dollar. Why they not just do that. It's simple in our eyes. FRANK: What you're asking for is what you're going to get...if they give this rate to you now...the monetary reform will fail. If the monetary reform fails you ain't gonna see Jack soon. Nothing...I don't blame you for venting right now. I know it's simple in your eyes. Pimpy They still have not started dispersing the budget out like it should be...Is this because they want Iraq to be under the Central Bank Digital Currency? ...They've obviously not dispersed out the funds necessary for job growth and that's what a lot of us are waiting for... Militia Man Article: "Iraq..The total looted funds are estimated at $450 billion" Quote: "The Iraqi government is working to strengthen cooperation with international organizations concerned with combating corruption, such as the United Nations, the World Bank, the International Police (Interpol)..." ...Al-Sudani and other international entities are stating...corruption needed to be under control...They appear to have a good handle on things...I like the stability that it is likely to bring from the effort, not to mention the amounts of money that will be clawed back...is breathtaking.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying with the funding of the budget we are going to see a major decrease in the dollar exchange rate. FRANK: They cannot touch the dollar exchange rate. Only the US Treasury can touch that exchange rate. BS..! So what are they talking about? They're talking about adding value to their currency which will decrease the value of the American dollar in their country. That's what they're talking about. That's the exact same thing Frankie..! DUH... Clare Article: "Iraq is trying to join the World Trade Organization" Quote: "Iraq needs to diversify its economy in a flexible manner, such as the agricultural, industrial and investment sectors, and that Iraq's accession to the World Trade Organization be useful as one of the tools for building a market economy within the standards of the global market and a tool for achieving reforms and decisions to achieve these measures." Samson Article: "Iraq is looking to accelerate its accession to the World Trade Organization" Goldilocks Iraq recently became a trading partner with India and seeking inclusion in the Unified Payment System that will allow them to go across borders sometimes, by land, sometimes by sea, seeking more demand for their currency which gives it more value. Frank26 There are no issues...problems...delays. Everything is moving forward. Do you understand that? It's a perpetual motion of moving forward. Nowhere do I see any stalling...standing still...No. Everything is moving forward...leaning forward picking up speed...There is no delay.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man You have to pay attention to what they're saying and then realize they talk outside both sides of their mouth. So you have to be very careful of what's being said and then you have to understand who's saying it...If Sudani is talking about it, you got to give that that credit. If his advisors...saying it, give it some credibility. If it's a parliamentary Finance Committee be careful. If it's the Finance Committee and it's directly from Sammy I would listen to that just as I would listen to Alaq because they're the top. Frank26 There is no delay in the monetary reform process. The monetary reform process plows forward with great success. This corruption cleaning equals a new exchange rate. Walkingstick These individual that are being arrested have great influence in Iraq which can impact the outcome of the monetary reform process. And all these funds Sudani is recovering is helping to bring forth the new exchange rate and that's why every day you see more people being arrested, more corrupting being cleaned up. Militia Man Alaq out of the blue In an Article Quote "from 5 to 6 cents the cost of the Iraqi currency edition per paper." He just happens to throw in how much it costs to print a note. Whether it's the small category notes or large notes, he's saying it is 5 to 6 cents...They're not printing any more triple zero notes from what they said... That's a big tell-tale giveaway. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI is back on television again...saying the CBI is in the middle of a battle fighting the dollar smugglers.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni ...Claims the dinar is at a program rate. There's no such thing as a program rate, the exchange rate of dinar is the rate of the dinar! ...Iraq won't trade the dinar internationally at the current exchange rate of 1310. They already do, and that is the exchange rate. Clare Article: "A government source: Al-Sudani will announce from Baiji that the stolen materials will be returned from its refineries " Militia Man There was an article...41 million forged dinars seized by the Kurdistan region. 41 million dinars isn't a lot of money right? But what it was was 41 million 25,000 notes that were seized that were forged. Why would somebody do that? They would do that because they're trying to figure out a way to game the system because they know something's changing. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Channel One says Iraq needs half of the existing exchange companies and banking needs to be rehabilitated. FRANK: Yes they're shutting them down left and right...they're selecting which ones they will give licenses back to because they will need many money exchangers when the rate goes up inside of Iraq because they...will bring in their 3-zero notes and exchange them for the lower denoms because the lower denoms will be more powerful than the 3-zero notes and IMO more powerful than the American dollar. Mark my word.
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