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Showing results for tags 'cbi minutes'.
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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 Walkingstick {CBI's private bank meeting minutes continued} [8. Currency swaps with many countries in motion.] It means the international community, the investors of the economic reform, finally have faith, have confidence, like the citizens do, in the CBI and the prime minister of Iraq. These IQD swaps are being done right now electronically. They are not being done physically...at this point of the monetary reform they are swapping with all the banks around the world the new national currency electronically. Why? Because the tender is for the citizens inside Iraq when they exchange. And because you do not want to flood the market back with 3 zero notes. [Post 8 of 8] Militia Man There's apparently lesser demand for dollars in the parallel market now and the exchange rate is going to go up. The electronic platform is working its magic...the nefarious folks that are doing a dollar exchange outside the platform they're going to find it tougher and tougher...
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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: Bank friend says he thinks they are finishing up all the loose ends and soon we will see a change in the rate. He personally think with everything in dinars now it's so close and that we probably will start at $1.50 and float but who knows it could be more... FRANK: I agree with him 1000%. He is spot on. GameofPatience Iraq is implementing new banking reform steps IN JUNE to control their citizens and their money (POS, Cashless, Financial Transactions in front of their government)...These steps in June REQUIRE their currency to be TRADEABLE & RECOGNIZED AROUND THE WORLD. Didn't Iraq recently state the back wall for the budget was at the End of May (3rd reading comes after the rate change)! Pimpy In case you're wondering why it is that they might change the exchange rate... - To have more purchasing power. If they're importing a lot of goods...this would help the people stretch their means out. This would allow them to purchase things a little cheaper because the purchasing power of the dinar would be a little bit stronger... Walkingstick {CBI's private bank meeting minutes continued} [7. IMF, AMF, EMF rolling in again] International Monetary Fund, Arab Monetary Fund and the European Monetary Fund these three are escorting the Iraqi dinar, the central bank's new exchange rate and their new currency to the International platforms, to the world. [Post 7 of 8]
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EMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick {CBI's private bank meeting minutes continued} [4. Exchanges ISX/ESX date given to trade international] ISX and ESX only trade domestically. Soon the Iraqi dinar will be online with the International Stock Exchange...the IQD is soon to be traded globally internationally. That's never been done before and they have a date of when they are going to start. They have a date when they are going to introduce the new small category notes...the CBI is sending its national currency on an international float to gain more value internationally because it will be market driven. But it will global market driven not internal [market driven] ... [Post 4 of 8....stay tuned] Militia Man We all know there's a lot of things going on with Iraq and many people are starting to get in the vibe that are going, 'wow this is really coming to a head.' And rightfully so...we can see for a fact... And NOW for Mark's daily dose of Rumor MarkZ The news has been awfully fun...the US treasury is now ready to go...the IMF is now ready to go...possibly Sunday into Monday of this weekend...It’s done and waiting for the announcement... everything is worked out and Iraq is telling us the same thing. And they will soon announce the budget and the approval of the HCL law. People in Iraq are expecting that rate change at any moment.- 2 replies
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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 Walkingstick [via Frank26] {CBI's private bank meeting minutes continued} [3. Tenders for the IQD and the coins has been fulfilled.] We're 90% the contract the tender was fulfilled/ completed by DeLaRue Corporation. It was drafted and it was accepted. This tender should be on the CBI website very soon...they're printed and they're ready to go. [Post 3 of 8....stay tuned] Clare Article: "Al-Sudani: The official dollar exchange rate will prove our financial situation is the best compared to previous years" Militia Man Al-Rafidain state bank is granting point-of-sale devices to all state institutions and the private sector free of charge. Now? Why? At a program rate/official rate at 1310?They didn't do that at 1166 or 1182 or 1190 or 1460...Why? Because that's not a reality. Something's going to change. All this work you're seeing being done is a key component of going international. When the Rafidain State Bank is going to electronic payment devices...free of charge until 2023, pretty obvious things are happening...
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