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Showing results for tags 'bs 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 Frank26 Question: "Are the lower notes out yet?" You would know it if they're out, the whole would would know it instantly. So,no..! Samson Article: ”Economic: Protecting banks and exchange companies from sanctions is the most important file for the Central Bank" And Now, Mark's latest MarkZ I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
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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 Question: "So would the CBI set the initial float rate?" When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that time. Supply and demand then takes over from there. MarkZ I did have multiple bankers over the weekend get notified and are beginning training today. They are “Training to handle foreign currency exchanges”. Boy oh boy, how many times do they need to train them Mark..? (LOL) Some of the currencies mentioned are exactly what we are holding... And they are being trained on them... They need to know the security features on the various bills in order to verify them on site. That is what they are training on... NOW - THIS WEEK-IMMEDIATELY!!! These are banking people who have never been trained before… these are some of the ones the banks had told them “No, this is never going to happen” and now suddenly the banks come to them and say “You have got to get trained now - this week - immediately”...Gave me a good warm and fuzzy feeling today. What a bunch of .... Mark just can't stop shoveling it..! Pimpy If the dinar were to go free floating, that means the rate it will adopt is going to be the one that we see on the parallel market...It all depends on at what value they set to start the free float (usually the official rate), if that's what they decide to do. Paulette Community Comment: "On May 9th it has been announced that Iraq will become a FULL member of the WTO." Where & when was that announced - I haven't seen it anywhere? I have not seen where Iraq has participated in the Third Round of negotiations... It took Iraq since 2004 to complete everything assigned in the First Round of negotiations. It was only earlier this year that they completed those requirements. They were given tasks in the Second Rd of Negotiations which they are in process of completing. They may be given tasks in the Third Rd of Negotiations also. The Third Round is scheduled for "mid-year". I believe the only countries that have completed everything for the May 9th Ascension Ceremony are Comoros and East Timor.... Frank26 What the budget needs is for parliament to view the amendments that Sudani made, and I pray one of those amendment is a new line item with a new exchange rate. But the rate MUST come from the CBI..! Walkingstick The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq. Kaperoni Article: "Al-Rayes: The path of development is the first gateway to sustainable economic advancement" If and when the Iraqi dinar begins to float, supply and demand based on Iraq's economic success will take over. Only with the success and growth of Iraq's own economy can the dinar go up in value. How fast and the pace are determined by those factors.
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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: "Is Iraq going forward with only dinars as of January 1st?" Yes and that is the key...the next 24 hours is a very important key to see if they use it to unlock the monetary reform....If the Iraqi citizens have absolutely no other currency but the dinar to use in their country...how are they going to do it with a 3-zero note that has almost no value to it? MarkZ Question: Do you still expect all currencies to go at the same time? Mark: Yes…I still it expect it to all go at once. Mark has NO WAY of knowing, and always guessing. Why does everyone think other currencies (Dong) will have a value increase if Iraq does. All conjecture & BS. Sheila IMHO... We wait for ISX to open Tuesday... Then Tuesday evening Iraq said they will pay salaries out of budget? Hoping these are clues to going from program rate to international market 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 Petra ...We do know that somebody dealing with the deployment of the new rate dropped the ball…hence the UST personnel being sent to Iraq to GET IT DONE! ...the game of chicken was lost when the “execution” of the rate and notes was not accomplished in the time frame Sadani wanted... Frank26 I know they were supposed to open the budget...with instruction and they did not. Once again, I say who cares. We know the cha-cha-cha of this dance. The Middle East does not have a watch. They use a sundial and it just take a little longer to develop... And NOW, for some of Mark's same old story..! MarkZ Most of my Iraqi sources are more excited about tomorrow or overnight tonight. But honestly we don’t know the timing yet...No kiddin'..! ...we are watching all the pieces come together. This long anticipated event is finally occurring right in front of us. As for the budget my sources say they are implementing it now. Money has started flowing and things have started happening. I am still looking for articles on this to come out of Iraq. It could be tomorrow before they are out. We are at a turning point...I believe the tide has turned.How many times have we heard this same tale over the years..?
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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 was told by my CBI contact they must get the budget passed first, then ratified. I am hearing from my CBI contact that it does not have to be in the gazette, but that to get the green light for the reinstatement they need it passed in parliament and ratified. The Kurds must be happy! ...All I can say now is … Get that champagne in the frig! MarkZ The reports coming out of Iraq…the official rate is around 1310…. So a US dollar officially will buy 1 thousand 310 dinar…well that was true a few days ago. ...In the “parallel market” today [Wednesday] …and what they are seeing in the streets...is a rate of 1050…so one US dollar will only buy one thousand and 50 dinar. This is enormous news and coming from several regions in Iraq. This means it is stabilizing and correcting itself quickly. How the CBI responds to this will be interesting. That is almost a 10X change in value in 3 days. That is stunning progress out of Iraq. I have no idea where this clown Mark gets his information from, but here's the latest from Shafaq News: Our correspondent indicated that the buying and selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 148,000 Iraqi dinars, while the purchase price reached 146,000 dinars for every 100 dollars. From Midnight Wednesday Frank26 Everybody, everyone, all banks around the world, they're not stupid. They're not throwing their money in a bottomless pit. They're throwing it in a county that is about to have a monetary reform explosion and you're seeing the shadow of the monetary reform explosion. And you know what that shadow is? The economic reform...the shadow of the economic reform is growing so big...that's why you should feel good, even with a recession looming over Iraq...the United States of America. There is a rescue... Walkingstick We've told you many times there's an announcement on the [New Iraqi] ATMs to the citizens basically saying, 'Hey, look, these ATMs right now are closed but coming soon you to you Iraqi citizens they will be open to you.' They are not activated. They are not turned on as of right now. Kaperoni Iraq truly cannot become the economy they want until they have created the conditions. This takes work...The passing of the budget to be some significant event for an RV. Not true! Monetary policy is not a random act. Until Iraq diversifies their economy and begins to have significant Improvement in their GDP nothing will happen with the dinar. GameofPatience Comment "The CBI changes the rate not the HOR" Iraq's budget is calculated off the currency value. So it's actually a coordinated effort between CBI & GOI. If the rate were to change, it requires the House of Reps to amend the budget changing its figures / calculations.
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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 yada We are in the midst of the process...close enough to see the rate...A good week for us. As to how fast is of no matter, the fact is it has started...The activation of the ISO 202022 [international standard for relaying electronic messages between financial institutions.] was activated today so all the digital systems are connected. The SWIFT system on steriods connected with the regional BUMA system who will clear the dinar. And when the lower denoms are released - it's the trigger for us for the rate to be released. And NOW, a bit of BS from one of our clowns: MarkZ We are seeing some really substantial rates bouncing around the screens. $6.80 has been one we have seen for the dinar. We don’t know if that is a real rate or a place holder. We are also seeing dong showing up over $4 regularly. We really don’t know if they are placeholders or real rates... I'd love to know what screens they are watching - pure BS...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 ... Especially if it comes from Mark... RON Frank26 [Q? : How long with the float last?] ...6 months - a year. They'll give it plenty of time. They are not just going to stop it without telling you. But they will start it without telling you. Samson Article: "Al-Nusairi announces the release of his new book, "The Central Bank of Iraq...The Journey of Challenges and Achievements 2003-2022" Quote: "The book reviews the challenges that the Central Bank of Iraq faced during twenty years, the policies, programs and strategies it adopted and the achievements that achieved its goals" And now we come to Mark's latest MarkZ ...folks in groups are expecting a lot to happen tomorrow. I think they are still premature…but there has been fantastic chatter. I am not hearing anything negative…I’m just trying to keep us all grounded. Its been an encouraging day…nothing negative and nothing earth shattering either. I was really expecting a lot more today...Based on everything I am seeing I am fairly confident we will be going in January. My contacts may have egg on their faces by next week if we have not already gone by then. But, we are watching serious solid progress day in and day out….
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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 ... Especially if it comes from Mark or Ray ... RON Nader From The Mid East In My opinion the country can be fixed - yes. The dinar can goes up yes...[but] people all over the world are holding 70 trillion dinars in their hands. Cash. ...Some of you own 1 million...10 million...50 million...IMO as long as we have too much cash...the dinar is not gonna gain value...Who are these people..? Not that much owned by ordinary people like us - Several countries, Banks maybe, Maliki & his ilk, Globalist millionairs, but I believe the CBI has a pretty good handle on where. Militia Man Article: "International Standards in Banking with the CBI" Quote: "facilitate the movement of banking transactions and trade exchange in accordance with international standards." What is not to like about this? Not only is the USA involved, China is too. Don't forget that China has been added to the IMF SDR basket, first to be added in 50 years. So it is not surprising that China would be involved in some shape of form with Iraq. MarkZ Many articles out showing Iraq is positioned to move into the world scene. Have you ever seen a country move onto the world scene as an economic powerhouse that has a currency worth nothing??? Well there isn’t one. KandG Article: "What is meant by currency float? What are its advantages and disadvantages?" Very interesting to see an article such as this - WHY would you ever talk about a float - to educate the Iraqi citizens maybe? - maybe you have just told on yourself on what you are doing? Clare Article: "In numbers, the central bank reserves increased by 46% of the foreign currency" Quote: "The central bank's reserves amounted to 96 billion US dollars, an annual increase of 46%, and the value of the cash currency exported increased to reach more than 84 trillion Iraqi dinars, an annual increase of 10%. %" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Banks have been open the last two days to sell dollars to citizens. This looks good because they are collecting 3 zero notes! Pimpy There are some games being played with the Iraqi dinar and it looks like Al-Sudani is looking for ways to put a stop to this. I really think it's a cat and mouse game between America and China and Iraq's right in the middle of it. yada [Q? : I wish I could find evidence that the dinar is no longer pegged to the US dollar but I can't. Can anyone help?] The evidence is in front of you. The fluctuation of the dinar and dollar the past 15 days was it. It had never move this much prior to this because it wasnt, it was moving up and down. And going forward, the Float in itself is proof. And now for some of MarkZ's outrageous Nonsense..! MarkZ .....What we are hearing from the banking side of this…I got one great message overnight that simply said “S*** has started”...I am hearing very positive things that the ball has started rolling last night…but, I don’t know what that means for us timing wise…yet. I am getting positive feedback from meetings with no specifics... We didn’t get the smoking gun overnight we hoped for but I am not worried as we are starting to see steady progress. Same BS as yesterday...LOL..!
