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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: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in this Iraq. FRANK: This is the international finance community. They all know what's going on. When they say your economic reform has increased; what they're talking to you about without saying it because they cannot, is the float. Kaperoni Just because the central bank is changing monetary policy doesn't mean the exchange rate is going to rise. Only with the success and growth of Iraq's economy can the dinar go up in value.
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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 In Iraq I have numerous reports from contacts on the ground that the CBI has released a video in the last couple of days showing Iraqis how to put their old currency into the ATM so they can deposit money. Which to me is a great sign. This will make any value change much easier to do it electronically. Mailman17 Some gurus state that Iraq has to have more than oil to export to be on par with Kuwait. Every export Kuwait has is from oil - oil, gas, alcohol, etc..all made from oil. Iraq has all that and then some. Oil, gas, sulphur, dates, gold and a few more. Do not compare Kuwaiti exports with Iraq. Iraq wins hands down, and has more of it. Food for thought. Militia Man Article: "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely significantly increase Al-Sudani's popularity." That was March 11, 2024. Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate. Then Sudani comes out and talks to us about it as well... in March... considering a change in our currency to 1.32 from 1320. Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. FRANK: They keep the exchange rate at 1320 to give you more purchasing power. They are about to give this power to you.
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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 Clare Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" Quote: "Iraq's budget for the current year 2024 allocated an amount of up to 4.9 billion dollars to establish a pipeline extending from Basra in the far south of Iraq on the waters of the Gulf, to the city of Haditha, located in the far west of Iraq within the Anbar Governorate" MarkZ I do not think we will see the Iraqi dinar float. I believe they have been clear they want to retain value and peg it to assets. But, I could be wrong. Mnt Goat ..the “icing on the cake” for today’s news...It’s about the huge ATM installation and testing going on in Iraq. Why is this so important? We were told by the CBI not too long ago the significance of that the ATMs role will play in the Project to Delete the Zeros...its all interconnected...To get petty cash they will need the ATM machines. At this time the petty cash will be set to the newer lower denominations post delete the zeros. Tuesday Midnight Opinions Pimpy There's been many people saying come on Pimpy tell me what is your gut feeling about the Iraqi dinar? I said look, I tell you guys the truth...I'm not going to lie about it...That drives people crazy, I'm not going to blow smoke up your guys' ass. I think it's a great investment. My fingers are crossed that they will increase the exchange rate without removing the zeros...Is that realistic? I don't think so but we're going to find out... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television showing Saleh and other leaders of the financial services saying soon the parallel market will be gone...The only way we see this [happening] is that they give us our dinar and give us a real rate for that dinar, then that would make the parallel rate go away in what we think. FRANK: Iraqi citizens know what is happening. They know the next step. Sandy Ingram Countries could require that their oil be paid for in their currency. This would greatly affect the Iraqi dinar in a good way for investors. Clare Article: "The European Union mission expresses its readiness to cooperate with the Iraqi banking sector” MarkZ Iraqi PM Sudani has announced on Iraqi TV that before the end of the holiday, which was this Wed. June 19th, that the Iraqi citizens will have their new exchange rate, access to new ATM's and the lower denominations. Well, it didn't happen Mark - as usual..! Samson Article: ”China acknowledges: Iraq is our largest trading partner and must actively participate in the “Belt and Road” and “Development Road” plans."
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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: Oil experts are saying Saudi Arabia did not resign up their agreement to deal oil in US dollars. It was an 80 year agreement...They're telling us Iraqi citizens on our television this will strengthen the local currency. Basically they're saying that it is a float of the Iraqi dinar that is helping us get away from the American dollar so the Iraqi currency will be stronger. FRANK: The next step is to float.
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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...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists. He didn't say the plan is to LOP our currency. They are two totally different things. We are deleting zeros and adding value. FRANK: I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about... Kaperoni Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil. Wolverine I’ve been told by some very, very high sources to be patient – that this is happening. We just have to wait our turn. It will happen in a matter of days... Militia Man The black market is going to exist if the United States dollar is less than the Iraqi dinar. There's not much demand for the dollar now. They've got it under control. Is it showtime? I sure hope so.
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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 don't care if you've been in this for 20 years. What we're seeing now is completely different. It's a progression. Some people don't like the progression. They just want it to be over and done. Welcome to the club. Pimpy When a currency does a re-denomination and they remove the zeros and they release new bank notes, guess what? The old bank notes are no longer any good. I've been preaching about that when it comes to ZIM dollars and if it happens to the Iraqi dinars. Sandy Ingram Traveling to realize your IQD profits - People in high places reprimanded [me] for saying this... Iraq could print new money. That would mean that you, I, and anyone would need to travel if allowed to exchange your Iraqi dinar bank notes for the new currency like Zimbabwe did. They gave the world two weeks to make the exchange. In Zimbabwe's case it did not matter if you were a citizen or not. If you showed up with the old currency, then you received the new ZIG currency. Could we be so lucky with Iraq? ...We must be smart about how we look at our Could options. We may not have a choice. We may have to travel. Frank26 Q? : How much time will they [Iraqi citizens] have to trade in 3 zero notes? [Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar. This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes. MarkZ We are seeing a lot of value changes on screens …we are seeing a lot of inconsistancies… which to me means a priming of the system. Clare Article: "Parliamentary Finance explains the reason for postponing the publication of the budget tables after the Eid holiday" Quote: "A member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, confirmed on Wednesday that the committee requested that the budget tables be redone before publishing them in the Official Gazette due to the existence of printing errors in the numbers, indicating that the committee is in the process of re-auditing the numbers and correcting the printing errors for the purpose of publishing them until after the Eid Al-Adha holiday." Jeff I told you guys the court would be overturning the budget because it is unconstitutional... I basically predicted the future for you. It's getting close to happening. They're most likely going to do this next week. Article: "Legal:The Federal Court will vote on the unconstitutionality of the budget table" I told you the budget is unconstitutional. I told you nothing was going to happen to the budget. As you see I'm right. The budget is getting overturned. It is going to go back to an unapproved state.🙏 Samson Article: "Representatives appeal the budget schedules to the Federal Court" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani came out and again he says to us the dinar is stronger than the dollar. FRANK: Your contracts are being rewritten because your dinar is strong now. FIREFLY: Then he said that Iraqi people will see a significant increase in the exchange rate this year. He's saying all this in a recorded speech. He's talking about the economy and how we're growing and what is expected. FRANK: Like I told you, the monetary reform education would get louder and louder into this month. It looks like they're using a megaphone to scream it to you. These are exciting time for your monetary reform, for your country, for the value of your currency. Mnt Goat ...traders can’t trade the Iraqi dinar since OFAC sanctions are still on the currency and have not yet been lifted. It would be illegal and very risky to put any of the dinar in investment portfolios at this time... there is no back screen trading platform, so even if they did want to trade the dinar, how would investors do it? MarkZ ... Sudani told us that everything is now in the hands of the CBI… he was talking to Alaq at that time… so it’s the CBI ‘s job to change the 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 Pimpy Article: "Oil slides to four-month lows as OPEC+ deepens bearish sentiment" If oil prices continue to fall, where is the incentive for Iraq to increase their exchange rate? Mnt Goat ...Iraq’s exit from the list of “high-risk countries" ...was officially announced by the International Task Force (FATF) last week. Yes, “the writing is on the wall” now as this is the BEST news. Iraq’s exit from the list of high-risk countries could not get any better. They are slowly clearing the way to the reinstatement, one obstacle at a time. They were not about to release the currency back to FOREX with this in place. WOW! WOW! WOW! news for us today Frank26 Did you see...Iraq and Kuwait are now linking with their fiber optics? This is extremely important part of the monetary reform. They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar. MarkZ [Referencing Mike Bara post this morning, 6-14-2024] Revaluating? I thought this was important. I sat down with some bankers who wanted to run through scenarios with me and my currency and train some people. And that was the exact term they used in banking then. It is going to revaluate. Its revaluating. That is the terms the banks use. They do not say RV or that it’s going to revalue. Its revaluating. Buckeyetree Iraq continues to transform into the modern era with banking and now fiber optics. With security and stability and safety (banking laws against terrorism and corruption), investors / companies will find a good environment to do business. Praying with the blessings to be realized that this will be in the coming "days" or sooner. Big plans for an improved Iraq and for ministries. Clare Article: "Kuwait connects its “Fiber” network to Iraq" Quote:"Iraq will be a major corridor for passing the network, not only in the Gulf. But for the countries of East Asia, it will be synonymous with the Egyptian corridor. Iraq has become the focus of attention of countries and major international companies due to the incidents that took place in the Red Sea and the fear of the cessation of communications through this corridor." Frank26 [Iraq boots-on-the-ground report] FIREFLY: They told us...due to typo errors in the printing of the budget it will be re-audited and sent back to gazette - after EID holiday. All sound little fishy to us. An Iranian proxy saying budget is under appeal but we see nothing official of that. We trust it is going to be in gazette after EID holiday. FRANK: They know what you are about to receive - your purchasing power. They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing... MarkZ Over the last 4-5 days I have received so many calls from people in banking who told me “You are right- they are telling us it is imminent and any moment. We should be seeing it soon - get yourself prepared“. Rumor
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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 Iraq had a good sit down meeting this weekend with the International Finance Corporation. They are on the world stage now. Everything is going really well in Iraq. There is still an excellent chance we will get to quietly go and exchange before the rate is published in the Gazette. They are certainly trying to keep it quiet, just like they did with Kuwait when they silenced communication out of Kuwait for over a week before the rest of the world got to know. But, I don’t think this could happen in today’s world and the internet. Frank26 [Iraq boots-on-the-ground report] FIREFLY: I talked to my bank friend - He said when we do drop the zeros, we the citizens will have a certain number of days to return for new lower currency. This will be the 1 to 1. Not 1 dollar for 1 dinar but 25k note for a 25 note. It will revalue in country above a dollar. We will probably see dinar in country just over $1. FRANK: Now do you see why they kept it at 1320? FIREFLY: The 1 to 1 will be dropping off the three zeros from our exchange rate, from our currency. A 25k note will be a 25 note. This is for inside of country, not outside of country. Jeff You don't want the budget to be approved because if it's approved, it's approved with dinar at today's Central Bank value, 1310. What you want is the court to overturn the approval.
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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: Parliament is saying we're going to pass the investment law. You're going to see it very soon... Mnt Goat If you step outside of Iraq, when they finally do reinstate the dinar, the exchange of the three zero notes will exchange to whatever the currency exchange (i.e. FOREX) rate is at the time. Kaperoni Monetary policy in any country is never a random act or arbitrary decision. It's the result of progress. Until Iraq passes the needed legislation to encourage investment, the dinar will continue to remain weak.
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Monday Night Opinions & BullSh*t @ 11:33 PM CDT - 6/10/2024
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 Militia Man Article: "Iraq bids farewell to the list of high-risk countries" We already heard talk about them going from a black list to a gray list. Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week. This step will will also make Iraq a destination and a source of interest for major International Development and investment companies." Iraq is on the runway and ready to go, take off. Jeff The budget is approved with the dinar valued at today's Central Bank value, 1310. That's not a rate change. What brings the rate change in is for the current budget approval to be overturned. That's what you're looking for, the court's ruling to overturn the approval which welcomes a rate change. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani's making another speech. He said something very interesting. My cousin caught it. Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That's right. Remember? How many times have they been saying that, over and over. FIREFLY: However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar... And Now, Some of Mark's over the edge And a BS Rumor from Pimpy MarkZ I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations. Question: If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically? Mark: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side. The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move. MarkZ Question: Did you hear from your Bond Contacts? Mark: I do have a couple more who were told to expect theirs tomorrow…they were told today that those appointments for tomorrow are still set…and the expectations are that they will complete this time. I find this very encouraging. If we see that - I believe we can then be excited…and all bets are off on timing. Question: How long after the bonds go will we go? Mark: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time. Pimpy Let's go ahead and address a rumor that's going around: the exchange rate is going to be $28 to 1... When I heard that I damn near fell out of my chair. There's so many people kind of getting excited about...wondering is this real? You should ask yourself which currency out there currently is the most valuable? That'd be the Kuwaiti dinar - I think it's $3.22. Do you really think it [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1? Yikes. Obvious answer - NO..! -
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 Trump did not buy Iraqi dinars. You realize Trump has been tied to Iraqi dinar way before he was the president. You have to be careful about where you're getting your source from. There are no articles out there that confirm this at all. There's no, and I mean none, proof out there that Donald Trump owns Iraqi dinar...So what, what's the big deal Pimple..? Frank26 [Iraq boots-on-the-ground report] FIREFLY: The TV just said the main objective of the second phase of the banking system is to have the Iraqi dinar regain its former strength. They also said they are expecting the budget to be passed before the 9th of June. FRANK: They are telling you they are still on course to add value to your currency. Nothing has stopped. FIREFLY: They just said it, that the budget when approved will need a new rate to make it work correctly. FRANK: Don't you love it when your leaders tell you their goal is to regain the value of your currency, because this is what they promised you. Kaperoni Iraq doesn't prosper by raising their exchange rate, Iraq prospers by creating the conditions for the world to invest in Iraq. A country's exchange rate ultimately is a reflection of that success, not the other way around.
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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 is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time. They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news. FRANK: The monetary reform education to you citizens will get very loud...
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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: Sudani didn't say anything about the rate inside of the budget. They didn't say a word. COM didn't say anything. COM saw the budget with Sudani. We see them sitting there and they're looking it over but nothing is announced except the approval and that it's going to the House of Parliament now. FRANK: You know very well what' going on. He will protect the budget until the very last nano second. Wolverine It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month. Mnt Goat Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or... export more products...{Reposted}
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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 has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He's telling us the best thing for it to do this is to float. Saleh now talking saying the CBI is the only one that can control this needed float. FRANK: They're going to float your currency because with a float they can come out at a higher rate than 1 to 1... this is a reinstatement of your exchange rate. The fact that they're talking about floating all day long is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float. on international platforms Mnt Goat Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time. The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan. I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty. Samson Article 1: "Floating the Iraqi dinar...a solution to fill the “gap” of its troubled price against the dollar" Article 2: "The persistence of the dollar gap disturbs the Sudanese government’s service successes..'Newspaper' analysis" Fnu Lnu There is NO NEED for an NDA, whatsoever, unless you were a participant in the Private Placements, which were concluded in 2011. The only people who otherwise hold NDAs are bank presidents, branch managers, and of course any of the three letter agencies necessarily involved, such as the UST... Frank26 The monetary reform can come back at $3.22 and let it float to the real effective exchange rate. IMO the CBI will float it too somewhere between $3.86 and about $4.25 before they consider to cap it. Deepwoodz It’s no mystery here. They have no intentions of keeping their current sanctioned rate status. This three zero status was forced on them in 2003 and they don’t like it. There is no national pride, no hope, no real way forward with this current value. Militia Man Saleh says if you do a float it's dangerous, it's going to turn out to be unruly...He also said he's going to have a mixed or managed float, which is going be stabilizing...They had about 4 articles about that...Why are they saying it and giving one specific option? Because that's what they're going to do. All the different ways of doing it were negative but the one [positive one] was a managed float. That's a mix between a floating currency and a fixed. They manage it and that's the most stable. Clare Article "Adjourning the session to elect the Speaker of Parliament until further notice" Quote "It is noteworthy that a quarrel and fistfight occurred between representatives Muthanna Al-Samarrai and Haibat Al-Halbousi inside the House of Representatives hall during the third round of electing the president, creating massive chaos, which prompted the postponement of the decision-making session until further notice." Clare Article: "Floating the Iraqi dinar...a solution to fill the “gap” of its troubled price against the dollar" Quote:"The flotation scenario also means “the withdrawal of the monetary authority as the main central offerer of foreign currency, and its replacement by new forces of free market makers, which certainly have only a weak, limited supply of foreign exchange, according to Saleh."
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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: "The Finance Committee 'knows nothing' about the budget tables" Al-Sudani has been holding his cards so ever close to the chest. The looks of it now is that he will not expose the 2024 schedule data until after there is an exchange rate change that will reduce the deficit. Will that be after the vote for the Speaker of the House of Representatives in the HoR and or before extraordinary session for Sunday by the Prime Minister of Iraq, Al-Sudani. Time will tell. But, since the CoM nor the HoR have yet to receive the 2024 Budget schedules we can deduce, it is going to be a very tight window for events to occur. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says the speaker of the house will be voted on and will go through on Saturday and then the meeting of the emergency session for the review of the budget with the COM will be Sunday...Then the budget goes to the House the middle of the week. FRANK: They know what's going on.
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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 The only reason Sudani went to Washington was because of the monetary reform and banking changes. It had nothing to do with Iraq forces or American military forces. That was just a cover up screen. Kaperoni If and when Iraq does decide to float their currency, there will be no RV prior. When a currency floats, it begins whatever the exchange rate is at the time and its value is determined by various factors. True statement..! Fnu Lnu [Response to BGG's Dinar Verification Post 5-13-2024] When I had my dinar processed the UST agent ran the Dinar through the computer which was not dissimilar to a cash counting machine. The machine had De La Rue ensigned on it. The banking industry has been using that type of machine for a long time and bank personnel are well versed on its use. Cash Systems LLC says nothing about this machinery on its website. However, De La Rue does say they do own the hardware and software for the verification methodology. It's irrelevant as to who makes the machine as the process is the same. Such hair-splitting is not necessary, and serves no purpose as to the meat of the subject. MarkZ ...The progress has been steady, steady, steady…as we grind to the finish line. But remember, we don’t know when - we don’t know the timing, but they are openly discussing the new rates and openly preparing for them. Clare Article: "Next week.. UNAMI presents its periodic briefing" Quote: “The mission will submit its periodic briefing to the Security Council next week, without mentioning further details regarding that briefing.Yesterday, the Iraqi government submitted a request to the Security Council and the Secretary-General of the United Nations, to reduce The mandate of the United Nations Mission (UNAMI), and to conduct an objective evaluation of its work, in preparation for ending its mission and closing it permanently." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Ever since Sudani came back from Washington DC he has been talking to us about metal coins and paper fils. He said the coins are both silver and gold. FRANK: The monetary reform education is being presented to the Iraqi citizens...
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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 told me that [the new green 1000 dinar note] is on the CBI website. FRANK: Fils will not only be in precious metals but they will also be in paper... You might see an article about this today or tomorrow... Look at this note [new green 1000]... it looks like a 1000 note but... this green one is going to become part of your ability to give back change. FIREFLY: None of us have seen this before. FRANK: This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it. Currently it isn't showing on the CBI website. Frankie's B/S about "the new note giving the ability to give back change". You can already get back change from the existing 1000 note using 250 & 500 notes. Unless he's "trying to say" that this NEW green 1000 will be the start of using the fils, but why then be concerned with a NEW 1000 IQD note..? Overall, we'll be using the New LD notes, why even be concerned with a NEW 1000 note, unless it will be the highest value of any new IQD notes. (( Remember, there were originally 14 different valued notes printed - 7 to be used until they did an RV/RI - then 7 LDs for afterwards. Then about 10 years ago they supposedly printed New LD's )). Only certain individuals in the CBI and certain GOI individuals know what the new plan is.RON
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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 They cannot tell every single person in the world, 'We're changing the value of our exchange rate tomorrow or the next day.' They can't do that. However, they've been telling us... they're going to be doing it... We have evidence of it... Fnu Lnu Question: "What type of paperwork has to be created with the exchange... Not every teller can open a savings or checking account." There is always an account manager or membership manager and all Bank managers and assistant managers can open accounts. If you want to make an exchange then you can also use your existing bank account no matter who it is. Just supply the routing number and account number...In my case, my bank has its SWIFT management apparatus through Wells Fargo so although I don't have, nor do I want a Wells account, my deposit will be just as fast. My SWIFT number is a WFXXXX number even [though] my bank is not a Wells bank. Paulette Iraq's WTO Accession Package will likely not be submitted for adoption until MC14 which will be held in early 2026... It clearly was not submitted for adoption at MC13...I anticipate that by then we really won't care. I disagree Paulette - it'll be before then. MarkZ Community Comment: "Got an email from [Dinar Dealer] offering 825 for a million dinar buy back. I think that is a good sign." Because they can’t get any out of Iraq. Iraq is limiting it. So they are trying to get dinar from you. This is great news for us Pimpy Let's hope it [ascension to full WTO member] happens quickly but it's not going to be done by [the end of] 2024. Frank26 [Iraq boots-on-the-ground report] FIREFLY: International Development Bank opens in Erbil. FRANK: Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it. They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released. Deepwoodz Talking about the float again... That’s what’s coming or these guys wouldn’t be putting their two cents in. Some of what they say is true, some not. Even Saleh commenting on not knowing where it will end is a load of crap. The CBI can start/stop, change, maneuver the rate any way they like at any time... OF COURSE they can do whatever they want! They are a sovereign country again. Pretending like they have no control.
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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 talking about we Iraq, we're sitting on the largest warehouse in the world...sulfur. They tell us we are the largest supplier in the whole world of sulfur... This is another investment for our country besides oil. Militia Man People are really excited because the data we provide supports that Iraq is having things ready to go, and get done. Pimpy What's going to happen to the Iraqi dinar? Once it reaches an acceptable rate by foreign currency holders such as us, then you're going to flood the market with Iraqi dinars aren't you? Yes you will. If it gets anywhere near $0.25 per dinar, $0.50, a dollar, anywhere near there, people are going to start cashing Iraqi dinar in right away and you're going to flood the market because now there's going to be more dinars out there in the market flooding them, causing the value of the Iraqi dinar to drop. So IMO Iraq is not currently ready to have a floating IQD.
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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 I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks. Saturday Midnight Opinions Frank26 1 to 1 is not even worth talking about anymore. It may come at $1.30 to 1 or $1.50 to 1. I believe the cap of the REER may be around $4.25. Let's see what happens to my opinion. Oops...splash - please flush the toilet Frankie...LOL..! Kaperoni It is highly unlikely that any bank will have anything to do with the dinar for quite some time. Banks are conservative by nature and the dinar could be quite volatile once they begin to float. In the past we have talked about market makers and ECNs. These could end up being the method to facilitate your currency investment or through an established financial institution such as JP Morgan. Time will answer these questions. MarkZ Float = Raise. There has been debate over the translation and about whether it will be a soft peg, a managed float or whether it will actually be a float at all. I think they have been clear they are going to peg it. But, it is confusing. Pimpy My personal feeling is they are going to take the zeros off. Do I want Iraq to take the zeros off? No. I would hope they would leave it on and then revalue it with a higher exchange rate. That's what I'm hoping for. Militia Man Rebuilding the country is not going to happen anytime soon with 1310...Obviously they've got something else in mind because they've already said they've launched the projects, therefore there's contracts involved. What the rates are with the contracts that's private information...They know how to keep things quiet until the right time... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on television and he says it's time to float the dinar and get rid of the parallel market. FRANK: Well thank you Saleh! ...Sudani says get out there and clean this [we're not going to float] mess up...Of course we're going to float. FIREFLY: He says we have 10x the amount to support a new rate. FRANK: This is the man Sudani sent to you... He's telling these economists ...don't understand the agreement the CBI made with the US Treasury concerning the new exchange rate or they are being paid by you know who to put out false information.
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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 Question "Will the CBI website be down for hours when they change the rate?" No when they change the rate it'll be a push of a button electronically. Instantly the world will know about it. And it will be global news. Pimpy You know what is scary? This is the honest to God truth, I could be literally ****-faced drunk, can't even have the ability to pronounce my name fully and still beat anyone in the dinar community in a debate. Militia Man Think about the money to build a country let alone just the development road itself, all the industrial cities, commercial buildings, residential complexes, infrastructure, it's massive. It's so far too expensive, it just won't happen at 1310. They have to have a real effective exchange rate... Samson Article: "The Investment Parliament announces the imminent completion of the Industrial Investment Law" Frank26 [Iraq boots-on-the-ground report] FIREFLY: The completion of the Investment Law is on television. FRANK: That's big! That's Big! ...This is really good news. Wolverine “I just received great news from Brazil. It’s going to be the greatest transfer of wealth in the history of mankind. We will soon be crossing the finish line. Get ready. A lot of things are happening. There are a lot of people under NDAs. My sources, which include the Central Bank of Brazil, say it’s looking good. I have absolute faith we will have good news after Fri. 3 May. Everything is ready to go. Everyone is happy. I’m very confident that this is our week.”
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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 Clare Article: "Specialist: Floating the dinar is economic suicide" Quote: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate...adding that floating the exchange rate in the presence of a parallel market and large speculators, and the presence of people who own billions of dinars and others who own billions of dollars, will lead to a sharp decline in the value of the currency, high levels of inflation, and rising prices" Paulette Article: "Specialist: Floating the dinar is economic suicide" As Saleh was stating but only stronger wording. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The economists here are saying with so much on the line from the budget funding all types of investment in our economy they're saying the exchange rate will be fixed. It's not going to float because there's too many bad things that can happen with a float...Now we have another guy coming on the news saying floating the dinar is suicidal. FRANK: Hey, you don't want us to do that because that's what Sudani wants...because that's what the CBI agreed with the US Treasury. MarkZ ...they have started paying their retirees and disabled, welfare etc… they finally have money moving where it is supposed to on all those fronts. And all the progress they have made getting CBI salaries to people. They are completing everything they need for world trade and ascension, and all the settlements they have made to get out of chapter 8 after the invasion of Kuwait. Phenomenal progress has been made... Progress over the last 16 months has been stunning.
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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: Saleh is on the television right now...saying that the parallel market is almost at the official exchange rate and that is the rate they're seeking. He calls on a floatation of the dinar saying to us this will get the rate where it needs to be. FRANK: Oh my goodness it doesn't get any better than that... This is a deeper explanation to you Iraqi citizens on the next steps of the monetary reform the CBI is accomplishing with you. All of this was the result of the agreement from the CBI meeting at the US Treasury... Mnt Goat In what they have already accomplished just in the last 16 months, it would be silly to turn back now. Amazing progress in such a short period of time compared to 30 years. They have come further than ever before. I say this not for hype or for the sake of being overzealous. Instead, I stick to the FACTS of what the news has been telling us recently and what my CBI contact has been telling us...Iraq has kicked the proverbial can down the road long enough and it is time...time to go global...Iraq will not survive unless they do something BIG with their currency soon and I mean very soon!
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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 Iraq has been quiet since they told us to expect a rate change in their markets …and its now up to the CBI as to “when”. …then they went quiet... Quiet is not a bad thing right now... They did let us know recently that they have a new banking system prepped and ready to go. And they have distributed millions of cards to people to use for banking. Kaperoni A country's currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq's economy can the dinar rise in value. From 5-1-2024 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is saying the start of implementation of the government and banking reforms has started. FRANK: Woohoo! ...The new exchange rate is the pivotal role they are about to give them...
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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 Question: "Do you have to change rates before May 9th ascension in the WTO?" No, you can have a membership in the WTO with a low exchange rate. That doesn't interfere with it. Clare Article: "Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one” Quote: "Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one..." MarkZ Question: Could Iraq lop the zeros off and then what we hold is worth nothing? Mark: Sudani has said no. The man, Dr. Shabibi, who designed the RV said no…. Anyone in pretty much every level of authority in Iraq has said no. Pimpy Some of the bigger points we see inside the Iraqi dinar community such as, 'Let them reinstate the exchange rate to $3.22 the old rate.' That's not the old rate. That's been a myth for a long time... The $3.22 rate was there but that was not the one they left when it became a devalued currency. It was something like $1.52. The other one [myth] is the hydrocarbon law (HCL), that once it passes then the Iraq citizens are going to get payments. They're not going to get payments. Read the law, nowhere does it say they're going to get payments. Militia Man Everything is falling in line for Iraq to go international. You haven't see the salaries paid yet... you haven't seen the oil start pumping yet into Turkey... Why? Because they haven't shown us or exposed an international real effective exchange rate. That's my view on it. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency. He says Iraq now has a soft peg and...the float is not necessarily as a fixed rate... FRANK: The monetary reform education is explaining the reason why you don't need a basket...They are also expressing you don't need a float. That's because your reserves are so powerful...But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level. They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar.
