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Showing results for tags 'iraqi bank friend'.
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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 Who do the [new lower note] samples belong to right now? Only the banks, not the citizens. That will happen. It will be on their television, but not yet though. Sandy Ingram The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar. Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady. MarkZ Article: “The Sudanese received an official letter from America regarding the scheduling of the end of the tasks for the international coalition” We believe this is the final step for Iraq to become fully sovereign and increase the rate of the dinar. They didn’t give a date but imply its sooner rather than later. Clare Article: "Al-Sudani is making an upcoming visit to Washington" Quote "The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,” Walkingstick [Iraqi bank friend Aki update] The training with the specimen sheets is a daily continuing thing...We don't know if it's going to be the DeLaRue machines or a completely different structured machine because the new security features on the new small lower notes are not recognizable on the old DeLaRue machines. Aki is working with new sorting and counting machines [Not the new DeLaRue machines]...These machines [New DeLaRue] will only be used inside of Iraq. Aki has no need for these machines...Chase's JP Morgan who buys and sell currency around the world would also have these new machines. Frank26 The U.S. dollar is going down in value this week, which means your currency [Iraqi dinar] is going to go up in value. The only way for that to happen is with a new exchange rate and the lower notes to match it. IMO you're going to see the dollar go up before it is finally removed and irradiated one last time... MarkZ No, The RV is not dependent on the collapse of the stock market. But, many of us believe the collapse of the stock market will force the RV. Pimpy Community Comment: "Thanks for the let down once more that Iraq will never RV." I never said it would never RV. Never. In fact I'm the one that said it's going to go up in increments. Jeff Why the timing of the rate change has anything to do with a budget period? Here's why...Countries calculate their budgets off the value of the currency. In order for them to approve a budget, whatever currency value they're going to utilize has to be released publicly...That means the rate has to change before the budget can be approved...Kuwait changed their rate on March 24th of 1991...before their April 1st budget period. It's that simple. Militia Man Saudi Arabia helped Iraq with about 15 years of negotiations [with the WTO] in one year...Iraq [at that time was at "observer" status]...Being an observer you have the ability to have accessions. Am I waiting for them to have accessions before they have an exchange rate? No I'm not. But the fact that they're getting to that stage shows the world's expectation is ...the cat's out of he bag. Frank26 Article: "ACCESSIONS 12th China Round Table on WTO Accessions ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM" I love the word ascension... WTO...Can you tell me who you are ascending in the WTO? Article Quote: "Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession". This is a lot for the monetary reform of the Iraqi dinar that would bring forth the economic explosion reform of Iraq...This is wonderful. Mnt Goat Please just be patient! The reinstatement is coming and I firmly believe from what we now already know and are about to witness is a major part of the Banking Reforms that everything else was geared up to support over the past 10 years. Iraq is about to get out of the sanctioned mindset altogether and return to common global banking practices of how they will be doing business with the rest of the world going forward. Frank26 The Untied States of America stopped using its 3 zero notes back in the late 1950's. But they're still in circulation. Nobody uses them. They were never null and void. They're actually a collectors item and worth a lot more than their face 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 Frank26 Article: "The Iraqi judiciary and the US Treasury discuss sanctions on Iraqi people and companies" THE US TREASURY HELPS THE CBI CLEAN THE FLOOR Quote:"The two parties discussed the legal measures and sanctions issued by the US Treasury Department (OFAC) regarding Iraqi people and companies." Militia Man You're not going to LOP your currency. You're just not going to do that to your currency...Elementary school math will not allow Iraq's budget at 1310 to do any of this [Investments, reforms, reconstruction projects etc.] Walkingstick [Iraqi Bank Friend Aki update] This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment. tlm724 Article: "The Bank Of Jordan Links Iraq Through An Electronic System With Four Arab Countries" Quotes: "...Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq."; “...and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services.” MarkZ Article: “The US Treasury requests Iraqi cooperation to limit funding for armed factions” This is all part of what’s going on as Iraq cleans up. And yesterday - again in Iraq - they started openly talking about the exchange rate and the value of the dinar.
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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 ...News coming out of Iraq: Article: “Contract signed for new residential city near Baghdad” Will include more than 100,000 units. They are busy working on housing for their people. This is a large scale project worth big bucks…. How are they going to pay for it??? Walkingstick [Iraqi Bank Friend Aki update] Aki's orders for the month of January 1st to 31st were to establish all the electronic stuff for the monetary reform, to send the IQD internationally either via 1. a basket in a float 2. Stock Exchange. 3. Global supply and demand. Aki's role is strictly in three phases as well and he is ready. 1. Collect the IQDs for destruction by the CBI. 2. Exchange 3-zero notes into American currency. 3. He will not issue lower denoms. It is mathematically impossible... Militia Man Article: "Postponing Electronic Application for Housing Funds" They told us they were going to build hundreds of thousands of homes. They were going to have loans ready for them but they decided to postpone it. Quote "...until new mechanisms for getting loans is approved...' What's that about? You were going to open up for loans for hundreds of thousands of housing units but you posted it for a 'mechanism'. What's their definition of mechanism? They don't say but we have to think - Writing up a mortgage at 1310 exchange rate and that changing the next day creates a problem...They need to know how much.
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