Search the Community

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 Sandy Ingram A Republican Senator or Representative has introduced a bill in congress to get rid of the Income tax and possibly the IRS. This could mean NO taxes on our exchange. There's a long road before any of this could happen... Clare Article: "Al-Sudani: We look forward to transforming Iraq into a center for world trade through the Al-Faw port project" Quote: "..transforming Iraq into a center for global trade between Asia and Europe through the great port of Faw project and everything related to it."..."Economic zones, residential communities and tourist attractions. We look forward from this giant project, which will extend over an area of more than 20 square miles, to open the way for an economic boom for Iraq," A great article ... with real promise..!

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 Sandy Ingram The exchange rate between the USD and the IQD is still at 1458 on the international currency feed. We don't know why it has not calculated to 1300 per the CBI's rate change...[I'll] keep you posted. Pimpy There's a difference in RV and RI...RV is when you re-value a currency. We saw a revalue when the Iraqi dinar went from 1190 dinars to 1450. That is an RV. An RI is when you had an exchange rate for whatever reason they changed it and then once it was done they just reinstated it. That's what happened to Kuwait.

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 There is some really big information that came out yesterday…From The Arab Monetary Fund and Al Sudani talking about joining the International banking system. This is huge. These people are telling us they are going International.

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 The National Investment Commission...saying they're going to adopt the Iraqi dinar in paying dues for housing... They're getting rid of the MCPs (multi-currency practices). They are going to be paying dues/rents in dinar. This is the governmental process coming into play...The banking system has gone digital. They've gone to the new Swift system now the government is going and interconnecting with the new system...they're going to be in...the dinar. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani again is telling Iraqi citizens to hold on to their dinars. They are talking about how we will lose money if we don't. And that the dinar will gain value. FRANK: Sudani again this week comes out and tells the Iraqi citizens hold onto your dinars, don't be trading them in for foreign currency/for American dollars...If it was not happening the way we think it's happening they sure as heck wouldn't tell them that...That is the most powerful, significant thing that is happening right now. Sudani and the governor of the CBI telling the Iraqi citizens don't let go of your 3 zero notes, you're going to be trading them in at a different rate of 1 to 1... Walkingstick & Frank26 When it floats internationally, the Iraqi dinar will be listed as an emerging or transitioning economy in the international marketplace...This is part of the monetary reform... Pimpy I got people out there telling me, 'No Pimpy man they got an in-country rate versus an out-country rate.' No they don't. I told you guys I don't know how many times, that doesn't make any sense. Do you understand if they had a different exchange rate compared to what the rest of the world has, the type of black market that would be created because of the 2 different rate changes? Does not make sense to you? [Post 1of3] Pimpy Let's pretend that in fact there is an in-country rate versus the rest of the world. Let's say everybody outside of Iraq gets a rate of 1300...and the people on the inside of Iraq get 1000 dinars... Here's the problem - Why wouldn't I just have people outside of Iraq buy my Iraqi dinars for more and smuggle it to me in county? Because then for every dollar I'm getting an additional 300 dinars for every dollar...Does that make sense to you? [Post 2of3] Pimpy Think about it...what ends up happening is you create a black market. Whether the exchange rate is better in-country or out of the country you're sill going to have people buying dinars, selling them on the opposite side just so they can make more money. That's why you won't have an in-country rate...use a little common sense. That doesn't make any sense whatsoever. None whatsoever. There is NO 'in-country rate'..! [Post 3of3]

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 & Frank26 They are explaining to the citizens all the details of the currency reform. This is the CBI's 2nd stage...it is the how, when, why and where of the 2nd stage of the currency reform...The currency reform will introduce the new exchange rate and the new small category notes. Hopefully...but no guarantees..! Frank26 The 2 questions that are constantly being asked of me - What is the date? What is the rate? ...the rate in the articles - they're going to float the dinar. They make it very plain and simple that their goal is to try to be at least 1 to 1 with the Iraqi dinar when they float...the rate right now is 1300 maybe soon it'll be 1190, maybe 1000 to 1... Frankie, no one has made it clear that their goal is to be at least 1-to-1 at any time. This has been your hypothesis, and that of many others; however, the CBI has made NO SUCH CLAIM...so quit the BS that this is a stated, or known fact. NO ONE knows what the rate will be - everything is pure speculation...! RON Clare Article: "Historic collapse.. The Iranian currency records 5 million per 100 dollars" Quote: "The decline of the Iranian currency comes despite the recent steps taken by the regime, including the appointment of Muhammad Reza Farzin as the new governor of the Central Bank on December 30, 2022...the riyal was trading at 315,000 riyals to the dollar when anti-government protests erupted in mid-September." Samson Article: "Parliament hosts the governor of the Central Bank of Iraq to discuss "the status of the dollar". EXCHANGE RATE ON THE TABLE AGAIN. Let's hope they come up with a viable figure that the CBI & the IMF will go along with...RON And NOW for some of Mark's infamous MarkZ I have a contact with a banking story…they said their bank (a major bank) drive through was closed…the ATM was down for work…they had a conversation with a long time banking contact there who said they were updating and changing their drive throughs and ATMs for our new currency...huge news in my book...Its getting harder and harder to hide this from the rank and file workers…they know they are getting new equipment…Some of this new equipment is to verify foreign currency so they can exchange them…they are keeping this so compartmentalized in the banking sector…they know something huge is happening…If they were told...that many foreign currencies will soon be worth a lot…how many of these employees would still be around in the future? So they try to keep them in the dark... What a crock of crap..! There are NO ATM's that will change foreign currency notes, anywhere...! Here in the USA you will have to deal with a teller at best, but most likely a private banker or some level of manager/supervisor. Where Mark pulls this garbage from amazes me. RON That's all there is for today folks. Blessings..!

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 CANDYKISSES Article: "The government to (Baghdad today): We agreed with Washington on the dollar and the results will appear in the markets" Quotes: "The effects of these dialogue and agreements will be tangible in the near future, especially with regard to the dollar and exchange rate crisis," he added.", "There is a new mechanism that will contribute to the stability of the exchange rate in the markets in the coming days, and at the official rate," he explained."

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 1300 is halfway between 1460 and 1166. What good does that do? How is that alleviating any pain? Inflation has risen since the 1460s so they're not getting anything. It's not any good for them. That "second package" [coming from the CBI] is a key component ...they know 1460 to 1182/reverting to 1300 is still not doing anybody any favors... MarkZ Let’s look at the meetings over the last couple of weeks…France, Germany, the UK, Turkey, China, with the new Iraqi administration. Why would they be going that many places, consulting with so many countries…if all they were doing was changing the rate a couple measly percents on a next to nothing rate? There has to be something more to all of this. All the Paris Club Nations meeting with Iraq. All hold IQD as a result of the Paris Club Accords. Pimpy This is the obstacle standing in the way of the Iraqi dinar and that is they have to clean up their corruption issue. They have to do whatever it takes to have these restrictions lifted on their currency auctions and their ability to get hard currency... Henig Article: "Iraqi delegation arrives in Washington to discuss government measures on the dollar" Quote: "Deputy Prime Minister and Foreign Minister Fouad Hussein arrived in Washington at the head of a high-level government delegation" Frank26 There's no doubt that the IQD is in position to float. There's no doubt! There's no questioning. MarkZ Article: “Deputy Prime Minister Dr. Faud Hussien arrives in Washington DC yesterday late afternoon” Heading a high level delegation. The big thing here is this is the meeting we have been waiting for. We are hoping this is the kick off to a massive rate change. Not just what we are watching now. Pimpy Article: "Governor of the Central Bank: We affirm that they have proceeded with the government to enhance confidence in the national currency" That's the other issue with Iraq. They prefer the US dollar per the dinar...You got to get people wanting to use their local currency more than the US dollar. And you do that by increasing the exchange rate a little more at a time, giving them more purchasing power and devaluing the dollar within Iraq...I think if everything goes smoothly we're most likely will see another small change in the exchange rate... Clare Article: "Iraqi Foreign Ministry: The delegation's visit to Washington will discuss two basic economic files" Quote: "The delegation will hold its dialogues with the American side in Washington, which will focus on supporting Iraq's monetary policy and exchanging financial and banking support with the aim of strengthening the Iraqi government's vision of its measures regarding the exchange rate of the dollar," Walkingstick The exchange rate of the Iraqi dinar is not done yet. It has a mission to leave the borders of Iraq. 1750 in the streets, to around 1500 to 1460 with the BI and then to yesterday 1300 to 1 as the official rate. This is what we taught you, the gradual change in the exchange rate...suffice it to say the exchange rate of the Iraqi dinar is going in the right direction and they're not done yet...

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 ***Dinar CBI News Flash *** The Central Bank of Iraq has officially increased the dinar exchange rate to the US dollar. It is now 1310 to 1 USD down from 1460. Remember, going down in this instance is good for dinar holders. This is a 10% increase in value. Will the dinar rate continue to float upwards? Frank26 Article: "The Central Bank of Iraq begins selling the dollar at the new official rate" Quote: "The Central Bank of Iraq will start selling the dollar at the new official rate, starting Wednesday, 2/8/2023, and will continue its procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate." IN THE FLOAT YOU WILL HAVE TO KNOW WHEN TO HOLD 'EM & FOLD 'EM BUT BEFORE THAT YOU WILL WATCH THE EXCHANGE RATE GRADUALLY INTERNATIONALLY FLOAT TO, 1 TO 1... Clare Article: "The Central Bank of Iraq begins selling dollars at the new official rate" Quote: "The Central Bank of Iraq will start selling the dollar at the new official rate, starting Wednesday, 2023/2/08, and will continue its procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate. The exchange rates will be as follows: 1300 dinars per dollar purchase price of the dollar from the Ministry of Finance. 1310 dinars per dollar The selling price of the dollar to banks through the electronic platform. 1320 dinars per dollar selling price of dollars from banks and non-bank financial institutions to the ultimate beneficiary." MarkZ From Rueters: “Iraq revalues currency to 1300 IQD per 1 USD. – Cabinet statement” On Bloomberg: “Iraq revalues currency weeks after replacing central Bank head” They are showing clearly that they have the ability to change it at anytime at will. I am getting some interesting feedback from the banking side on this. They are ecstatic. They have been looking for this first move. Treat this as a rumor but many of my bankers that are involved in the exchange process are convinced that after Iraq made that announcement this morning we are now in a 48 hour window since they have now made that first move. Treat this as rumor…The thing you treat as fact is the process is well underway. Walkingstick From 1750 in the streets to [1300] to 1160...to 1 to 1. This is the goal in order to float and this is what you're seeing the evidence of it right in front of your face. It's going in the right direction. Militia Man Today has been a big day...They are telling us they are going to do certain things and this 1300 was one of the first stages. The second stage is...they're going to re-prepare the 2023 budget. In this context the Central Bank governor has stated that's what's going to happen... Frank26 The education to the citizens is becoming a little bit more in-depth. They have to know the next step is the float. IMO that's what the CBI meetings [In Washington/US Treasury] were doing - preparing the United States for the Iraqi dinar to float. MarkZ Question "So what is your plan if Nader is right and it’s a slow grind to get the dinar to a 1 to 1 rate? At what point will you go and trade in your currency? Will you exchange a few or deposit it in a multicurrency account?" I am told when it’s at a substantial change your banks will offer you a multi currency account when you come in to exchange it. You will be able to hold it as dinar in this account and your account balance will continue to float as the rate goes up. Hope that makes sense. [Reference Nader's Post below] Whoever asked these questions must be a novice, and hasn't got a clue as to what's really going on. Unless, it's Mark making up the questions, so he can answer them - that's most likely the case...LOL..! Pimpy The Iraq dinar exchange rate has changed. It went from 1450 dinars for every dollar to 1310 dinars for every dollar. You're looking at about a 9.6% increase in value...Looking very good. There is baby step one...just like I said, they're gonna go up in increments - small amounts a little at a time. Clare Article: "Al-Alaq thanks Al-Sudani for lowering the price of the dollar: Your response is quick" Quote "...the Governor of the Central Bank, Ali Al-Alaq, thanked the Prime Minister and members of the Council of Ministers for their approval of the decision to reduce the exchange rate of the dollar." Frank Media Tweet "Panic selling USD as Iraqis try to get rid of their dollars after Central Bank of Iraq successful measure to reinstate IQD value" JUST WAIT UNTIL IT FLOATS AT 1 TO 1... THIS IS A TEST RUN. I agree, just as I said yesterday. Pimpy This is great news. We love to see the Iraqi dinar exchange rate go in this direction, the right direction. The Iraqi dinar has increased in value against the US dollar. What else is all right? Me predicting that the increase wouldn't be above $.01. As a matter of fact I said that the increase will most likely go back to the original rate prior to the devaluation. I thought for sure they were going to go to 1190 dinars for every dollar but instead they went to 1300 dinars for every dollar. It's still a step in the right direction. Sandy Ingram Emergency Breaking News Update. IQD rate changed to 1300 to 1 dollar. Hold on, the fat lady is NOT singing...the Iraqi dinar has been selling at 1470 dinars against the dollar before the New York Federal Reserve introduction tightening control on International dollar transactions. Yes, this is not what we were looking for...but this is excellent news for the Iraqi people. We knew there would be a rate change and we would not be happy with it. We also knew that we may need to wait for higher rate exchange to the US dollar... Nader From The Mid East I told you [yesterday] morning before everybody, before it comes out even in the news. I told you the dollar was at 1300...it's not going to be go to sleep and I wake up and I'm millionaire and the RV happen...it's gonna float...It's gonna be 1 to 1 by July...but for now it has to float. It has to show its muscles...for the next couple of weeks gonna get better. Watch it floating... yada Consider all this time the dollar was being removed from their economy, it was to create a demand for the dinar. The government offices and merchants were told not to use dollar or be arrested. And now with all the contracts from other countries come to Iraq, they will pay in dinar, creating more of a demand hence causing the market value to go up. MarkZ Article: “Panic selling of US dollars as Iraqis try to get rid of their dollars after the Central Bank of Iraq’s successful measure to reinstate IQD value.“ These people know something. They know the mechanism has started… All over Iraq they are trying to dump their US dollars and get dinars back in their hands. This is huge news. Pimpy You're looking at about a 9.6% increase in value [at the 1300 rate] for the Iraqi people. That's more purchasing power...we'll see if the Iraqi people actually feel the increase once the prices start to change...that increase could be so small that it doesn't do a whole lot to the markets...I do think this is their first increase this year...I'm anticipating a second increase this year. The second increase is really going to depend on how the economy is going... And NOW for a few of our Clown Posts Bruce Remember the international rate that you may see is not necessarily what we’re going to have on the front screens at the banks, we‘ve already seen some of those rates and much higher and are going to be very good for us ok don’t worry about that...I’m excited Let's, get this thing done. Let's have a great weekend. MarkZ I am still hearing though from banking contacts... now it could happen between yesterday when they announced the rate is 1300 and mid February...The banking side is more confident than I have ever seen them that we are at the end of this.

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 What have I told you is the reason why we do not have the reinstatement of the Iraqi dinar? It's Iran...there's only one reason...that's what they're dealing with, the corruption of Iran. And the meeting they are going to have [In Washington] is very powerful. It deals with the exchange rate and corruption of Iran. Clare Tweet #NRTnews "A delegation from Iraqi Central Bank meets the representatives of the US Department of the Treasury in Istanbul Turkey, for talks on stabilizing US dollar exchange prices to Iraqi dinar, Khalil Ghazi, Iraqi parliaments finance committee said" Guru Pimpy The big problem is this. A lot of these political people in Iraq are allies with Iran. That's a huge problem for Iraq. And because of this they do a lot of business together, trades together. But they deal in the U.S. dollar. If Iran is supposed to be sanctioned and Iraq's supposed to be working with the United States that's violating the sanctions is what's happening. So Iraq's now being punished for it. And NOW for Mark's daily dose of more of the same BS..! MarkZ What I am hearing from banking centers...It has been a week of “Groundhog Days” for them. They went in Monday …they were told “tomorrow. They went in Tuesday and sat there all day…they were told “tomorrow”. They went in Wednesday…they are very frustrated but were told that it is so close we need you here daily…until they finish this thing. Just like your posts Mark...LOL..! They are pushing them hard to not leave or go anywhere over this weekend. They are very frustrated and have been expecting this every day since Monday. Nerves are very frayed at this point, but they know we are painfully close.

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 Clare Article: "Al-Shammari: The government's decision towards the dollar is bold... and reveals a commitment to the new central bank governor" Quote: "The new governor's pledge is to restore the exchange rate within a short period, and I estimate that it will only take weeks." MarkZ Here is a humdinger Article: “Sudani: We are supervising the completion of a “different” budget and continue our support for the restoration of our exchange rate”. This headline should tell us all what we need to know. Sudani has been very clear they want a “Restoration to their previous glory” exchange rate. To a pre-Kuwaiti war rate. …Pre Gulf War rate.

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 Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" THE WALL STREET JOURNAL AND THE INTERNATIONAL WORLD TALK ABOUT THE EXCHANGE RATES IN IRAQ. Nader From The Mid East Today for the first time since 20 years my mom is able to receive money directly from bank to bank. What happened is, mom needed some money...I was in France. I heard they accepting an electronic payments. So I sent money to my mom from my bank in France through Iraq and she received it this morning! I sent it yesterday morning and she received it this morning. It's amazing. [Post 1 of 2] Nader From The Mid East I know it's not a new thing but...before we're not able to do that. Now we are able to do that. What's weird is I've been watching the exchange rate. The exchange rate 1670/1650 but when I sent the money it was only 1460...just like the normal rate. That's good news. Something has happened. Something has happened tell you the truth. [Post 2 of 2] BGG Article: "Saudi Arabia Says Open to Settling Trade in Other Currencies" ...Iraq is talking about their currency and it’s value almost every single day. The set of events I have discussed recently are now being talked about in MAINSTREAM outlets. Stick to news.! [Reference BGG post 1-15-2023] WOW - Everybody is talking about the IQD..! 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 Frank26 Article: "For the first time... $100 jumps over 165,000 dinars in Iraq" THE USD EXCHANGE RATE WILL FLUCTUATE UNTIL THE IQD FLOATS INTERNATIONALLY. Guru Kaperoni I remind people...Iraq currently has over 100 trillion dinar in circulation. There is no possible way that can ever significantly RV the Iraqi dinar unless they gradually remove the currency in circulation first. Clare Article 1: "The Wall Street Journal reveals the scenes of the Fed's tightening of the dollar in Iraq" Quote: "the Federal Reserve Bank in New York began imposing stricter controls on international transactions of dollars by Iraqi commercial banks in November 2022, in a step to reduce money laundering and illegal seizure of dollars that go to Iran and other countries in the Middle East that are subject to severe sanctions.” [Post 1 of 2] -Reposted Clare Article 2: "Iraq Economy Reels as U.S. Moves Against Money Flows to Iran -- WSJ" Quote: "Iraqi banks had operated under less stringent rules since shortly after the 2003 U.S. invasion that toppled Saddam Hussein. Almost two decades later, American and Iraqi officials said they have decided it was time to bring Iraq's banking system into compliance with global money-transfer practices." [Post 2 of 2]

Guru Clare Article: "Where are the Iraqi oil revenues deposited? Sudanese advisor answers" Quote: "Saleh said, “(Externally) and according to Security Council Resolution 1483 in May 2003, the revenues of the Ministry of Finance from crude oil, gas, exported derivatives, and other funds are deposited in the Federal Reserve Bank in New York, all of which are deposited in an account called DFI or its current alternative"

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 Iraqi economist Sumaisem stated...that Iraq can cannot return the dinar to its previous (1170) for 5 years because it's bound to the white paper...and this is an obligation for the government so it cannot begin to decrease for at least three more years. Paulette the big move for Iraq is the "restructure". The RI just increases their purchasing power on the International stage...

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... Especially if it comes from Mark... RON Frank26 Question: "I understand that they have 720 trillion dinars in existence how can this quantity be revalued to even 1 to 1 to the American dollar?" You change the physical currency. Instead of a 25000, you have a 25 note. But you don't just change the currency. You also change the exchange rate...You're changing physically the currency but you're changing the rate... Mark Article Quote: “US IQD rates close higher in Baghdad” They close at a higher rate in Erbil and Baghdad today. This is some of the biggest divergence we have seen…. We are starting to see a spread and a push in the markets which will force the CBI to do something. Will that be to officially repeg the currency? If they don’t they run the risk of letting inflation run...the CBI is prepared and ready..[post 1 of 2] Mark I am also hearing from my contacts in the QFS [Quantum Financial System] team. They are looking at a very short window of “This Week” to release. We will see if that pans out. These are the same group that tells me to “trust the plan” and this group feels the next couple days will be huge...That the green light has officially been given and we are about to see all kinds of craziness kick off. I am ... hopeful they are accurate..[post 2 of 2] Clare Article: "Al-Mandalawi: Quick and decisive measures to stop the rise in the dollar exchange rate" Quote: "To protect citizens and prevent this from being reflected in the Iraqi markets, the measures that will be taken by us and by the prime minister and the central bank will be quick and decisive in stopping the escalation in the dollar exchange rate." Pimpy Article: "The Central Bank launches an electronic platform for buying and selling the dollar next month" This is going to probably alleviate a lot of the corruption involved with the currency auctions. There's no guarantee...but it should...the more they become updated...the less likely we have of corruption. Breitling What's Iraq looking at? They're looking at the markets - where can they get the most customers and that's it. They have two things in front of them. Adding value to their currency and where can they get the most customers. So they're looking at the GP2 and IPEF. They're looking at 62% of the worlds population that is part of those trade groups and 40% of the world GDP. They're going to build a policy based on those numbers. That's it.! Mark [Q? : I don’t understand what an RI or RV is.] A reinstatement would be going back to an original rate…a RV or revaluation would be a rate different than that…and a float is somewhere in between. Kaperoni The dinar has no restrictions. The banking system remains under IMF Article XIV...Iraq still needs to meet some compliance issues and receive approval from the IMF in order to move to IMF Article VIII... Pimpy Article: "Parliamentary legal hints at an "emergency" session to approve the 2023 budget" If this thing can somehow get approved by Al-Sadini and then the House of Representative takes a look at it and [if] everybody's pretty happy, you can see an emergency session be called in and people vote on it right away. The sooner the better... Walkingstick The new ATMs have the software for the new small category notes. I don't know if the new small category notes are in it. But I can guarantee they do have the software for the new small category notes. That's why they are not online as of yet. The software for the new small category notes is already programed into these machines and is ready to go active any time. Clare Article: "Planning: Al-Sudani issued directives to address the effects of changing the exchange rate of the dollar" Quote:"the Ministry of Planning revealed the issuance of directives from Prime Minister Mohamed Shia Al-Sudani related to addressing the effects of changing the exchange rate of the dollar...the effects of changing the exchange rate are not all negative," stressing that "there is no agreement, whether in the House of Representatives or in the Central Bank, to change the exchange rate" And now a bit of Mark's nonsense: Mark ...on the forex…we are starting to see some very strange values popping up. Nobody is exchanging…and values have not officially changed…Maybe they are priming the system? It is not yet what we are looking for. There are some real ping pong games going on with the forex. Makes us wonder “why?” It appears from the outside looking in…and from conversations from people on the ground in Iraq that the markets are trying to force the CBI to move. At this point I’m confused at what is playing out. We seem to be watching the de coupling as things start to move…and I was told there would be a “dip” in the dinar right before the revalue. And that is what we are seeing..[post 1 of 2] Mark ...we are watching exactly what I was told to look for years ago…the crazy back and forth news on values … This weakening of the dinar could be them trying to get more dinar off the streets before coming out with a float. We are trying to make heads or tails out of all of this because we are also seeing on some foreign currency exchanges some crazy values on the dinar…where its worth $6-$7 dollars…to $4 dollars…but nobody is trading it… and we are seeing those rates and fluctuations…on several kinds of currencies…not just Iraq. ...I think they are priming us for value changes…and more than one. This makes me feel a little more warm and fuzzy that maybe Iraq won’t be going alone? They have not changed values yet and we cannot go exchange yet…there is still possibilities of a float..[post 2 of 2] Boy, does he try to cover all the bases...LOL..! That's all for today folks. Blessings..! 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 Clare Article: "The application of international trade exchange for the Middle East transforms Iraq into an "electronic financial exchange center" Quote: "The pioneering services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar." Mark ...I was told that if they come out at a float the banks will be offering us multicurrency accounts for us to deposit in when we exchange. Then we wait…and watch and decide when its high enough …or pull out what we need. I am not in the least bit worried about it. Pimpy There's something I'm noticing that's making me very suspicious about this whole Iraqi dinar exchange rate fiasco that's going on...Seems to me like people are purposely out there starting rumors to cause the devaluation of the Iraqi dinar so these [corrupt] people could purchase more of them so when a times comes and a real rate change has taken place they could benefit from it. Frank26 Article: "The application of international trade exchange for the Middle East transforms Iraq into an "electronic financial exchange center" Float here we come! How many time have I told you Iraq will become a financial hub? Quote: "The pioneering services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar." I'm extremely happy...

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 Sandy Ingram Breaking news out of Iraq. This is what we've been waiting on - Insight into Iraq's plans. Article: "First Iraqi Bank Announces Iraq's Fully Digital Bank, Gears for a Cashless Economy in the Country" ...Each customer will be assigned an IBAN (International Bank Account Number) to allow cross-border transactions...the article did not mention an RV...the key question is will you need to be an Iraqi citizen or have Iraqi identification to open up a bank account. I don't know yet...BUT..... Militia Man Article: "Blue to Debut a Fintech Super App for Iraq and the Middle East" This news out is massive. Iraq is going international before our very eyes....They tell us they will be able to top up accounts in the Bluepay app on mobile phones. Trade USA Listed Stocks and all approved by the Central Bank of Iraq. They can do that with both the USD and the IQD and then exchange their balances with 10 other countries. Wow...Multi - currency capabilities with the USD, the Yaun, IRAQ DINAR, etc, etc.. Soon to be Saudi Arabia too. For those that have been on the fence about Iraq ever going international, you can rest assured now we have been spot on. Walkingstick The budget is voted into law in parliament. Then it sent to the president of the republic for his John Hancock...then ta-da it's official. But if it's not sent to the president...then what happens? It becomes law automatically without the signature of the president of the republic within 15 days of receipt...

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 Paulette Sudani's GOI continues working, and I believe will pass the Budget in December...It then goes to Parliament who will likely read it after reconvening approximately 1/07/23...This will be the "1st Reading"...It will then go to Parliament's Finance Committee for "study and observations"...this often can take 30 days or more...Parliament then does the "2nd Reading" ...changes may have to be made which legally requires it go back to Sudani and his GOI to make changes...Upon return to Parliament, if all is agreed by Parliament, it can go for third reading and vote which is usually done "line item by line item" Pimpy When it comes to Iraq we're always taking one step forward and three steps back...There's problems with the currency auctions...they just can't seem to get it together...the Federal Reserve has been auditing the currency sales...and they're not liking what they see. Some of the biggest issues that foreign investors and the International community had with Iraq - Money laundering and financing of terrorists...at least they're catching these things...working with the United States to fix the issues... Frank26 The CBI is having explosive meetings right now with many countries and entities in preparation of [Iraq's] budget and new exchange rate...the word 'mechanism' is being used to cover the new exchange rate in the budget...keep looking for that word because the governor of the CBI will be using it a lot from now on... Mark Article: From Iraq: “The democrat announces the formation of a committee titled (Article 40)” The Kurdistan democratic party announced today a committee to legislate the Oil and Gas Law. We were told a week or so ago that they had agreed to the framework…and this is it. It is now official and announced in Kurdistan. Long ago we were told that article 140 was one of the last stumbling blocks for revaluing the Iraqi currency and they have now worked out the differences with the Kurdistan region including profit sharing, taxes, revenues ect…For those of us that have been following this a long time…this is very good news...

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... RON *** Sandy Ingram The governor of the Central Bank of Iraq is participating in the Autumn Conference of the Iraqi British Business Council which opened...Thursday in Dubai. The governor made several statements however this one statement is akin to what we hope to hear and see in Iraq..[Post 1 of 2....stay tuned] *** Frank26 Once we have a seated government then you'll have a budget that you can open like a piñata and then you'll see the things that are in there...as far as the rate, we need the government announced and seated and then you'll see the budget.

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... RON *** Militiaman Article: "This is the controller.. Economic: Changing the dollar exchange rate is very possible" It looks like there is still a push to counter the article about that there is not a move to adjust the exchange rate. We can see the hand hold by the World Bank today saying the GOI has the prerogative .. The private sector is not going to get up and running without an adjustment to the rate change.. *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: The reforms have a rate change and that's the next thing that's happening. The government today said why do you think I'm changing the rate to 1200? FRANK: ...Find me one person talking about the 1200. And who is it? Framework. Anybody else? No. Only the Framework is talking about 1200. The CBI, experts, economists are talking about the 1200 that the Framework are talking about. FIREFlY: The next step of the reforms is a rate change...and the budget will be tied into this. *** Samson Article: "Bank of Jordan opens its first branch in Iraq" Quote: "The decision to branch out in Iraq comes to enhance our regional presence and to translate the bank's strategy that it has adopted to expand its business in the countries of the region, whose markets are witnessing remarkable growth and promising opportunities, which will positively reflect on the services provided to our current and future customers." *** Pimpy Article: "Iraq is the eight Arab country with the fastest growing economy in 2023" This is phenomenal news for Iraq...this is what we want. What we really need in order to get a very decent increase in the value in the Iraqi dinar is a stable government with stable county and low unemployment numbers. We need to get there. Hopefully this new government being formed is going to tackle these issues. *** Nader From The Mid East No investor is going to take a risk and come and invest in Iraq. They know their dinar is very low and it doesn't have any values. (This is for Iraq people, for the politicians if one or two of them listen to me. I know there's one or two listen because I received a couple of messages) ...If I was an investor I would not invest in Iraq for now because the dinar it's very low. What I'm gonna do? I can't even use it out there. *** Breitling Remember the currency [dinar] is at an artificial rate and they've manipulated it by printing so much currency. The way they get the value back up is to reduce the note count. If they want to diversify they need to reduce their note count, start adding value to their currency and that way international markets...take their currency seriously. *** Mark Article: “World Bank: The policy of changing the exchange rate of the dollar is the prerogative of the Iraqi Government” Everything is done…we are waiting for them to pull the trigger...There is all kinds of information coming to us on that front. *** Militiaman The likes of the CBI to revert back to 1200 makes absolutely no sense at all. It would...fire the street up like no other. The citizens expect purchase power not a slap in the face.. The private sector will never get off the ground with out an international IMF Article VIII compliant currency. 1200 will not make muster.. EVER... imo.. *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: Again the CBI is meeting with Sudani...and they are giving reports on all Iraqi banks...some are calling for a 1200 rate to come back. Many are saying don't change it to that because the reform itself calls for a rate change and that change will be better... *** Samson Article: "Al-Maliki proposes 1375 dinars to the dollar exchange rate" Quote: "The reduction in the price of the dinar and the failure to address the consequences for the citizen has caused a difficult economic and living crisis. and integrated." *** Pimpy I'm still hearing...they anticipate an exchange rate increase back to the original, and I don't mean the 1190 dinars, they're talking about the $3 rate. There's not indication of that anywhere out there...if anything they'll reinstate it back to the original rate where it was [1200]. That's the first step. *** Mnt Goat ...we need the reinstatement on FOREX to be able to go to the bank and exchange at the rate we want. In this regard, there was some new bit of very good news in the articles this week...an economists spoke up about the reinstatement. WOW! No, he did not mention the word “reinstatement” perse, but described exactly what the process would be and should be. He only left out the float part... The other amazing part about this same article is that it also talked about the program rate and changing the exchange rate. Yes, both concepts of changing the exchange rate compared to each other in the same article. WOW! WOW!...Is this just the beginning of the push to go international..? *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: Key is back to 1190 then within 3 to 4 weeks go to 1 to 1 maybe even $1.15 soon after that to go into the $3+ range. FRANK: Well that's almost correct...

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... RON *** Frank26 Article: "The United Nations Mission: The 2023 budget decision before the end of the year is urgent" I DON'T LIKE YOU UN... BUT WE NEED THE THREAT OF CHAPTER 7 RETURNING..! *** Sandy Ingram Abdul Latin Rashi was elected President in the second round of voting. He quickly then appointed Muhammed Al-Sudani as prime minister, giving him 30 days to form a government. *** Pimpy [Abdul Latin Rashi & Muhammed Al-Sudani] That's your new president of the Republic of Iraq and the new prime minister. For some strange reason the United States is tickled pink over these two. Not just them but the European Zone. When those two countries get excited about picks you know it's not good for that country. *** Kaperoni After almost a year since the election, Iraq has decided to compromise and form a government. Iraq has sworn in a new president today Abdul Latif Rashid. This new president has chosen a prime minister and designated him to form a government Muhammad Shia Al-Sudani.

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... RON 10-13-2022 *** Dinar News Flash *** It appears Iraq's parliament voted in a new president and the new president selected the new prime minister. Things are moving extremely quickly. The new Prime Minister has 30 days to form a government. *** Kaperoni Mnt Goat continues to argue that someday the Central Bank of Iraq will delete the zeros. [Reference Mnt Goat 10-12-2022 yesterday] Well if they implemented delete three zeros plan it is a neutral event LOP. This is well documented including articles from the central bank. It is my belief Iraq will never implement the delete 3 zeros that it's only an option that they keep throwing out there to keep speculators out of buying dinar. [Post 1 of 2...stay tuned] *** Ray Prime Minister-designate Muhammad Shi Al-Sudani now has 30 days to form the government. *** Clare Article: "Al-Kazemi congratulates Abdul Latif Rashid on his election as President of the Republic". NOTHING IS OFFICIAL UNLESS THERE IS A VOTE OF CONFIDENCE ON THE PM DESIGNATE, AND IF NOT THEY HAVE TO NOMINATE SOMEONE ELSE. SO WE NEED TO WAIT & SEE HOW IT DEVELOPS... *** David M. Witty Iraqi Parliament elects Abdel Latif Rashid as new President of the Republic. Rashid to nominate Mohamed Shiya Sudani as new PM. In Iraq, PM designee Mohamed Shiya Sudani: I will form my new government in the shortest time possible. *** Frank26 The next big thing that we're looking for is the government to be seated and the pressure from the U.N. and the international world is going to get very loud this week. I think we're going to see an awful lot about the trueness of the government of Iraq.

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... RON *** Sandy Ingram We have excellent news from Iraq. The ARAP private bank league revealed...the financial statistics of the Iraqi banking sector during the first half of 2022 were favorable because of its strategy adopted by the Central Bank of Iraq. This strategy was put into place to strengthen the public's confidence in the banking sector. This is important because there can be little to no talk of a revalue of currency until the Iraqi people trust the banking system and put their money into the bank and not under the mattress. [Post 1 of 2] *** Sandy Ingram The CBI quietly encouraged loans by the private banking system in Iraq and it worked big time! The credit granted to the public during the first half of 2022 reached $2.53 billion U.S dollars at a rate of around 7% interest. Deposits increased around $5.69 billion...bring the total deposits in the banking sector to $73 billion...You see everyone in Iraq is not broke. The assets in banks grew to 112 billion...things are happening in Iraq for the good. This has happened even with the protests, the political crisis and Iraq not being able to form a government..[post 2 of 2]

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... RON *** Pimpy These guys wanted to create a 20K dinar. Think about the value of the dinar. If it was going to change to $3.22, $1.50 or even a $1 there wouldn't be a need for a 20k dinar...because you want a lower denomination dinar...they say the governor of Iraq's CBI is working on a new category for dinars. I don't agree they should do a 20k. It makes no sense. A 20K dinar is the wrong direction. This morning's posts are duplicated below because they are in alignment with Pimpy's post. *** Samson Article: "Governor of the Central Bank in Parliament to answer the currency of "20,000 dinars" Quote: "During the hosting, we will direct a number of questions to the governor, the most prominent of which are the feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new category (20 thousand dinars) and how much money will be issued from the new category and the mechanism for putting such a currency in the market." [Reposted] All good questions: the results should show it's an unwarranted task, and a waste of money..! *** Ron's Post I personally think that all this talk about a 20,000 IQD note by the CBI is a distraction to infer there is no value increase to the IQD coming soon; when the plan is really to increase the IQD value as soon as the GOI issues get resolved.JMHO...! [Reposted]

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... RON *** Sandy Ingram Urgent and disturbing news coming out of the U.N. briefing session on Iraq...U.N. representative Jeanine Plasschaert warned on Tuesday that government spending in Iraq will stop in 2023 if a budget for the country is not approved...Plasschaert went on to say all anti-corruption efforts have failed. This is serious. If Iraq cannot form a government by the year's end we are not sure what will happen. I personally have hope Iraq will pull through and work it all out... *** Pimpy There's always a possibility that they change the rate contrary to what needs to be done before a rate change should happen...