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Saturday Early Afternoon Opinions @ 2:34 PM CDT - 9/30/2023
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 MarkZ The Hydo Carbon Law...Its where they share money, profits, revenues from oil-natural gas etc…with the citizens of Iraq including the Kurdish region. We have been told for many years this is a key piece. And Very soon after the HCL was implemented we were told that we would see the dinar value changes. Kaperoni ...In order for Iraq to go international they'll have to be IMF Article VIII compliant. They're not close with a current market rate of 1152 which is over 18% from the official rate. Well out of compliance. Nader From The Mid East About the HCL - We received some payments...I checked my bank over there. I received some money. It's good news. It's great. So the HCL started paying. This time we got some money. Next time a little less but it's going to be month to month and it's going to depend on if oil is going up or down...hang in there. It's happening. Frank26 What about the HCL? It's ready. Why isn't it out? It's waiting for the new exchange 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 Clare Article "Al-Sudani directs the suspension of official working hours on October 3" Quote "The Iraqi National Day is a day that was proposed in 2008 to be made a national day that falls on October 3, to commemorate the day of Iraq’s declaration of independence from the British Mandate and its joining the League of the United Nations, and that independence was on October 3, 1932." Angel1 What does Sudani come out today and say? He says, 'Hey everybody I am announcing to you we are going to have a special holiday. We are going to have our very own Independence Day and that will be October 3rd'...Iraq has never ever had an Independence Day. Citizens of Iraq, I'm hearing from boots on the ground, are beyond themselves. Pimpy We know congress is supposed to vote for Iraq on whether or not they want to reverse the authorization for military force over there in Iraq. That's going to be a biggie. I'm curious to see what happens. I don't know if they're going to reverse it all the way, but I do believe you might see a modified version of it that still would benefit Iraq...
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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 Alaq, the central bank governor he's posting some things on the CBI website that's pretty powerful...24 pages of instructions talking about international banking...He also put a piece out specifically talking about a new system of external transfers...This particular piece is phenomenal because he's working with the Central Bank of Iraq and the United States Federal Bank...They're talking about different currencies...UAE dirham, Turkish lira, European euro, Indian rupee...He's been knocking it out of the park. MarkZ Comment: October 3rd, Iraq Republic Freedom Day…or independence Day…Mark: Looks like they are finally getting their freedom from us...This day in history…Iraq earns independence. This was in 1932 where they announced their independence from Great Britain. Why is this important? Look at the date. OCTOBER 3, 1932! ...is that not poetic that they are expected to give the announcement of their independence from US sanctions and the control over their money on October 3, 2023… this is interesting timing. I very much expect a massive breakthrough…if not a value change of direction by Oct 3rd. Frank26 Article: "Al-Sudani directs the suspension of official working hours on October 3" IMPORTANT DATES BETWEEN THE 28TH AND THE 8TH... INDEPENDENCE DAY HAS NO SANCTIONS IN IT! Angel1 They're doing away with the auctions January 1, 2024. But as of this Thursday...the implementation of how you do the auctions are completely changing...it's dinars from here on out only... Nader From The Mid East What I saw today made me believe I am sure we are independent. Sudani tells the whole country on the 3rd of October for Independence Day. That means the war is ended guys. That's good news. Remember I told you, wait till the war is finished. Wait till they announce no more war. They did it today by saying the 3rd will be our first Independence Day.
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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 Article: "Al-Sudani listens to a comprehensive presentation on the steps for implementing the unified treasury account" Quote: "Prime Minister Muhammad Shia Al-Sudani confirmed today, Sunday (September 24, 2023), during a special meeting to follow up on the implementation of the unified treasury account and electronic payment that these steps are among the most important financial, banking and economic reform measures in Iraq." A follow up "on the implementation"...The Unified Treasury Account is the account where all the money is stored and the electronic payment is the tool they are using their banking. Stuffs taking place folks... MarkZ Article: “Iraq to reopen embassy in Vietnam”. This is good news and showing their ties. Vietnam and Iraq are both major trading partners and of course we expect both currencies to revalue at the same time...Reopening embassies is important… If Iraq is going to be international player…they are going to need an “International Currency”...
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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 Nader From The Mid East My boss [Prime Minister Sudani] back home let see what his decisions Militia Man They're really serious about this investing aspect of Iraq...The meeting with the US Secretary of State discussed the activation of the Strategic Framework Agreement, the entry of American companies and the resumption of oil exports through the Turkish port...They're going to help Iraq to be supportive of their currency and the value of that currency because all the income streams are going to be able to support Iraq to get investment projects done...
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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 The last sanction is limited access to international financial system. Iraq has been excluded from the global financial system due to US sanctions which has limited its ability to access international markets and made it difficult for foreign investors to participate in their country's economy. With the reveals of this authorization - [Article: The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq] this can all change. You might see a pretty big jump in the Iraqi dinar. I don't want to promise anything and don't want to blow smoke up people's butt but it has the potential to have a really big positive impact on the Iraqi 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 In Iraq Article: “Parliamentarian: Baghdad and Erbil disputes prevent the adoption of the Oil and Gas law” We were also hearing this kind of thing from Kuwait before their last RV. I was always told to watch for this as a final trigger that needs to be hit right before we see RV. They are working on it. They may be releasing things like this so we don’t know if it’s already done or not. Militia Man JP Morgan and Citi Bank are looking to have liquidity... Article Quote: about Nelson the US Under Secretary, "Nelson appreciated the government reforms in the banking and financial sectors and the government's success in restoring the confidence of global financial institutions." ...JP Morgan, US Treasury and the Central Bank of Iraq are all cooperating in the Iraqi files. For what? Financial liquidity, commercial bank transfers outside the country...Drop the mic! That's pretty heavy! Frank26 Sudani went to the United Nations and he Article Quote: "...convinced the whole world that he is capable of solving the country's chronic problems." You're talking about the sanctioned program rate? That's the chronic problem you've been having forever and ever. Mnt Goat Article: "AUSTRIA SEES OPPORTUNITY AS IRAQ RETURNS TO STABILITY" ...Why would a foreign country want to invest in Iraq if they were not truly stable and ready to reinstate back on FOREX? The signs are all around us... MarkZ ...His [Sudani] first speech at the UN was more on the military situation, security etc…for the region. Latest reports are that he is now expected to talk again on Friday and address the UN…then hurry home...There is a lot of speculation that he will announce a rate…or that they are going international with their currency…when he gives that speech. Cross your fingers and say your prayers that this comes to fruition. Kaperoni Frank26 thinks there will be no hydrocarbon law in Iraq until the central bank revalues the currency. One has nothing to do with the other. The dinar will remain weak until Iraq diversifies their economy. Sandy Ingram The Prime Minister of Iraq has announced the development road project with Turkey is expected to increase the country's Gross Domestic Product (GDP) value. When you hear the words GDP increase you can expect currency increase in value to follow... Pimpy Vietnam dong...the last we heard they were trying to recoup from a strong dollar. Unfortunately, they have been selling their reserve currencies to try to hold onto the current exchange rate. Remember, every time the United States hikes their interest rates it affects currencies all around the world making a US dollar stronger while making theirs [currency] weaker. Yada ...the meetings with the PM in NY is basically a, "We are Open For Business In Iraq" gathering. Citibank and JP Morgan are on board to handle all the digital transactions and the world is at their doorstep. Walkingstick [Iraqi Banking friend Aki update] There were meetings on Monday and Tuesday [Between CBI and Private banks] talking about the ATMs and they called it a 'new currency. Not once did they say lower denoms or LDs they simply called it 'new currency'. When you see this you'll know exactly what the CBI is talking about to the citizens. Not the old 3-zero notes but the lower denominations.
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Wedesday Early Afternoon Opinions @ 3:11 PM CDT - 9/20/2023
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 This U.N. assembly goes on for quite a few days...it goes all the way out to the 23rd and then a final day on the 26th. Iraq is going to showcase themselves this next Friday. Pimpy Article: "It seems clear and practical...The New York Times: Al:-Sudani won the support of the Iraqis" If you ask me it's still out there on the limb. There has been protest people are not talking about...but I will admit he definitely seems to be getting things on track for Iraq... MarkZ ...an article dropped today...is screaming “Shades of the Kuwait RV”...this article is just like ones we saw coming out of Kuwait...Article: “Iraq PM’s visit to the US coincides with dollar exchange rate crisis” They are talking about external factors and the progress they have made. They are talking about the exchange rate is unstable…Similar articles dropped in Kuwait before their RV. The rate is only unstable right now because they haven’t released the new rate yet. Frank26 Question: "HCL was given to the Iraqi citizens?" No. Nothing is given to the Iraqi citizens until you get the new exchange rate. It's that simple. Samson Article: "Iraqi PM Al Sudani to meet Biden at White House soon, says Blinken Washington worried over the influence of Shiite militias and wants Iraq to introduce reforms" Clare Article "Al-Awadi: Al-Sudani’s meeting with Biden will deepen understanding between Baghdad and Washington" Quote "The Iraqi government spokesman, Bassem Al-Awadi, confirmed...US President Joe Biden’s invitation to Prime Minister Muhammad Shiaa Al-Sudani to visit Washington confirms the independence of the Prime Minister’s approach to domestic and foreign policies and the high international appreciation he enjoys...the upcoming meeting...will culminate in a policy of respecting mutual interests and deepening mutual understanding." -
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 Angel1 Intel is hot right now. There were some dotting in the I's and crossing the T's that Sudani needed to do before he came to New York for the United Nations session. The New York Times has already put out a beautiful article praising him. MarkZ Question: When does Sudani return to Iraq? Mark: Most of my DC and New York sources say he should be in private meetings all week and then head home late this week or over the weekend. But, we do not know for sure. Yada ...it is all done...They are too the point they have to release the rate to go further. All the contracts with other countries are set to go, corporations are set to come into the country and only with a released 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 Frank26 This relationship with Iran is what I have been looking for. You should have been looking for it too. I told you we need the floor of the CBI to be so clean that you can eat off of it. You can cook on it because as far as I'm concerned and my strong opinion the RI is here and it is coming to be introduced to the citizens of Iraq... Walkingstick All levels, executive levels, employee levels, everybody associated with banks is meeting with the CBI and they're being given instructions on how to send the Iraqi dinar outside of the country. They were already trained on the ATMs and how to teach the lower denoms to the citizens of Iraq. They are now being taught the final stage, the international float... MarkZ Walkingstick is right...[Reference Walkingstick post 9-18-2023]…having conversations with people in Iraq, people in government sectors there…in finance and oil sectors…the contractors...saying it’s a deafening roar right now is an understatement. Nader From The Mid East Sudani meets with the Treasury again today. Last week they met in Iraq. This week they met over here. He gave his speech already, small one. He's gonna give another speech on Wednesday or Friday I think. Angel1 Sudani has been in New York...We were told Sudani was scheduled to speak on Friday - Sudani has already spoken..Last week Sudani had a special meeting that was broadcast across the nation, 1 hour and 24 minutes. He went off on security, stability, exchange rate, water, wheat, deals, about how incredibly well Iraq was doing. Today in a speech we see a mirror image of that...in New York on an international stage...He has let the world leaders know exactly where Iraq is and that they are open for business and they are coming. MarkZ He [Sudani] did address the UN and he has more meetings. A big week is already underway. He has meetings with the State Dept and with the Asst. Secretary of the Treasury today...To me they are setting the stage. Sudani is telling everyone that Iraq is in compliance and that they are done before they pull that trigger for the world stage on the currency change. That is my opinion and the opinions of many others I have been talking too high up in this process. They are stage setting and expect Sudani to let the cat out of the bag while at the UN…I hope that is accurate. We all do..! Clare Article: "It seemed clear and practical... The New York Times: Al-Sudani won the support of the Iraqis" Quote: "The American newspaper The New York Times said on Monday that Iraqi Prime Minister Muhammad Shia al-Sudani has won the support of the Iraqis and is seeking to address Iraq's many problems." Henig Article: "Sudanese arrives in New York" Quote: "Prime Minister, Mohamed Shia Sudani, arrived on Monday in New York to participate in the meetings of the United Nations General Assembly." Frank26 Sudani is going to the United Nations. What's that? The world! Has the Prime Minister of Iraq ever been in front of the United Nations that you can remember? ...He's going with great pride...joy, to tell the world something. You think he's going to tell the world, 'Hey, we're staying with a program rate? Hey, we want to remain a third world country? Hey, we want Iran to continue to abuse us...?' He's going to tell the world what you and I know about the monetary and economic reform of Iraq... Let's hope you're right Frank. MarkZ Question: Does the passage of the HCL mean we will have a new rate? MarkZ: I was always told HCL before the rate change. Mnt Goat ...the dinar, when reinstated, will NOT come out at the low program rate and then float slowly to something we want to see to exchange. Instead, it will be placed back on FOREX and by the time you hear about it, it may very well already be over $4. Remember at some point the IMF will cap it out and let it settle down. I heard this could be at about $9...???? That would be amazing, but we shall see.!
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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 Angel1 Monday Sudani makes announcements through the special meeting televised throughout the country. He said a whole lot. We'll move along day by by...of what has happened since Monday, where we're at now, where we're gonna be and how close that finish line really is. Tuesday our friend US Secretary Elizabeth Rosenberg lands in Baghdad. She is an international wizard. She is brilliant...International business, that's why she was there. Why is she there now? Because everything is done except two things in country - that's your new notes and your rate. They have secured the border...Now they are focusing on international investment contracts/banking. [Post 1 of 2....stay tuned] Frank26 The Prime Minister of Iraq spoke to the Iraqi people for an hour and a half. You think he told them, 'Oh, Iraq is a mess...Oh man, we're never going to see any value in our currency...The monetary and economic reform are a failure...I have a nightmare about our country.'? No...That speech was very, very reassuring to the Iraqi citizens that the monetary and economic reforms are here. Mnt Goat ...I believe that the U.S. is slowly realizing, as Iraq has already done years ago, that the Barrack Obama plan for the economic reforms in Iraq is not going to work without first the liberalization of the dinar. So...I called my CBI contact to get an update on the situation in Iraq...I was told was some very good news. This news stems around the new assignment just given to my contact on a team, recently put together that is responsible for supervising the rollout of the newer lower denominations and the redenomination process...it is telling me the implementation of the project to delete the zeros is so VERY CLOSE at hand...I was told it will be moving forward in the coming days not months.
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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 Angel1 Monday Sudani makes announcements through the special meeting televised throughout the country. He said a whole lot. We'll move along day by by...of what has happened since Monday, where we're at now, where we're gonna be and how close that finish line really is. Tuesday our friend US Secretary Elizabeth Rosenberg lands in Baghdad. She is an international wizard. She is brilliant... International business, that's why she was there. Why is she there now? Because everything is done except two things in country - that's your new notes and your rate. They have secured the border...Now they are focusing on international investment contracts/banking. [Post 1 of 2] {Repost} Angel1 She had a special visitor. Iran showed up... Agreements were accepted and inked by Mrs Rosenberg. Those agreements are executed...Iran is no longer slowing us down. Brilliant... Wednesday...4 meetings with Rosenberg. Rosenberg also met with Sudani and GOI leaders...Budget, budget, budget... Thursday, Kurdistan region showed up. Meetings with Sudani. Here's the powerful thing. Barzani is all smiles. He is no longer concerned about salaries being paid because he believes parliament will make the necessary decisions for payments. [Post 2 of 2] Frank26 These are amazing times...Why would the United States Treasury and Iran be with your Central Bank governor and your prime minister talking about international contracts, international agreements. Why is this happening? Because everyone is positioning themselves for the new exchange rate when it comes out...this is phenomenal... Samson Article: "Oil jumps to 10 month high Brent crosses $94" MarkZ We are painfully close…Lots of expectations for Sunday and Monday and those meetings on HCL agreements and with the US Treasury. Things are really appearing to be lining up perfectly. All eyes at this point are on the Sunday/Monday meetings in IRAQ…on HCL and they say they are addressing the exchange rate of the dinar…we will see what comes of those...
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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 ...on Tuesday – The US assistant secretary of the Treasury showed up to Iraq... other folks from the US were there - on the business side. So businesses showed up and other countries showed up...We are talking about International trade. Iran, Iraq, France, The US and many others...The US Secretary of the Treasury has the power to make certain things happen…and I think the US is now allowing the facilitation of Iraq joining the international financial system. And they say the Us now supports the tripartite budget for 2023, 24 and 25...And letting Iraq and Iran trade outside of using the US dollar is huge. There are deals with UAE, France, Japan, China and many more. This really is huge...These international contracts and international financial systems …well, we have never seen this before...I think we are in a phenomenal timeframe...
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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: "Washington appreciates the efforts and steps of the Central Bank of Iraq to contract with international audit companies" This discussion has been going on for some time, sure we lose our purchasing power. Yes, it sucks for the American citizens but the fact that Trump said we should be on a level playing field as far as currencies are concerned, now you have the Biden Administration over there talking to them about allowing the Euro, Yuan and the Durham to be used for trade. I find that very very interesting...Are they trying to make an equal playing field for everybody? Sandy Ingram The Turkish currency has steadily increased abasing the U.S. dollar since March 2023. If Iraq's currency were to match the Turkish Lira many of us would be looking at $40,000 in profits (with 1 million dinar) even without a so-called revalue. In a matter of months you can realize thousands of dollars in profits when dealing with exotic currencies. It is taking Iraq longer than usual but they have had so many more issues than many countries. Frank26 [Iraq boots-on-the-ground report] FIREFLY: U.S. Assistant to the Secretary of Treasury is in Iraq and she's meeting with the CBI banking official. FRANK: Iran has a meeting with the CBI [too]! FIREFLY: Sudani when he we was done he left us with these final words. A spokesman came out for Sudani on the news saying Iraq will achieve its dreams. Angel1 What we have been hoping for all these years is upon us. It really is...Why now...Sudani all of a sudden having special televised meeting talking about security? Why stability? The bottom line is this. Iraq is ready. The environment is ready. MarkZ Article: “US Treasury discusses with CBI foreign trade in three currencies other than the dollar” This is the US Treasury representative in Iraq and sitting down with Alaq. Of course they are working with the CBI and working through some things...They also discussed all the tremendous efforts Iraq has done to modernize their banking system. They can now track money laundering, bad guys ect…I am still hearing there are Fed Reps and State Dept Reps there as well as World Trade Organization Reps as well. ...I am hearing out of Iraq…That they are finalizing that rate change (we don't hear this from any other source other than Mark & his 2 cronies)...I still believe everything is in place and they just need to flip a switch. It would be nice if this was all true, but it's Mark speaking..! Militia Man Once they go international they're going to have to have an international exchange rate to value assets. Those assets are going to have to be competitive in the marketplace. I think Al-Sudani's speech...the U.S. Treasury showing back up today, the Central Banks of Iran and Iraq are a key focus and everybody should be really excited about it. Let's see what happens in the next couple days. Obviously they're going to tell us more about this whole process because it's going to be a public deal... Nader From The Mid East The Secretary of Treasury of the United States just landed in Iraq to meet with the CBI and the government and the auctions have been changed for good. This is major. You know what happened on the auction changed usually the dinar goes up. So get ready. Good luck!
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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 The Central Bank of Iraq and Iranian, who are they having meetings with? The United States Secretary of the Treasury... Article: "The Deputy Governor of the Central Bank of Iran arrives in Baghdad with a visit that will lead to a reduction in the price of the dollar." That tells you the dollar is going to decline and their currencies are going to go up...I believe they're in the execution stage... MarkZ Groups are positioned and ready…agreements are done…people are all in place…The US Treasury is in Iraq…all we are waiting on is the switch pulled. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Everyone all over Iraq is talking about Sudani's speech. It lasted almost and hour and 30 minutes. He was bragging about us here in Iraq, our country, our sovereignty. Then he floored us and he said about us here in Iraq the security and the stability. FRANK: Sudani, how clean is the CBI floor? 'Spotless Frank!' FIREFLY: He talked how so many countries all around the world are investing here...he has many contracts and he can't even reveal them yet... FRANK: He's waiting for the new exchange 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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news is showing US ambassador saying Iraq is close to its goal - it has more stability and security in a very long time and praised us about a new trade export at the Baghdad International Airport. FRANK: You've got the US ambassador telling the whole world telling Iraq's security and stability is thumbs up! Angel1 Very very soon we will have a brand new rate that they have been working on that you have been looking for and I have been looking for all these years. For Sudani to come out and talk about security and stability and the exchange rate is the ultimate setup to change their rate. Militia Man Article quote: "Iraqi and Iranian Central Banks are working on a mechanism to regulate trade and break the back of the parallel market." They had a problem with the black market. The parallel market is illegal. It's illegal to be trading in dollars...Sounds like they're about to get rid of it. Iraq is supposed to be dealing in dinar only...on the streets... Samson Article: "Source: Deputy Governor of the Central Bank of Iran arrives in Baghdad with a visit that will lead to a reduction in the price of the dollar" MarkZ I am continuing to hear very positive stuff. The consensus is from my Iraqi contacts…that they are looking for a worldwide announcement of a rate change somewhere around the 20th or 21st. That does not mean we are waiting until then. That means that is when it should be announced to the public. We should hear something before then based on what I am hearing right now. Let’s hope this is accurate. I don’t think I have ever heard this much hype before…It’s almost overwhelming…In a positive way. Clare Article: "The Governor of the Central Bank of Iraq receives the Assistant Secretary of the US Treasury" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani traveling to meet USA president Biden on Sept 20th. This after meeting in New York for UN meeting. Angel1 ...WTO had asked Iraq for stability purposes, to finalize trade agreements...so they can show they had enough trade for many years to come. They've done that. That was announced today. Sudani even said in the special televised meeting that they have contracts that he's not even able to discuss. He even said some of thee contracts are not able to begin yet. And we know why. They're waiting for the exchange rate to change.
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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: "What do you think the rate should be?" You have to understand this is a Middle Eastern currency. Do you think it should have the value it has now? Of course not...Saudi Arabia what's your exchange rate to the dollar? $3 plus. UAE what's your exchange rate to the dollar? $3 plus. Saudi Arabia...what's your exchange rate to the American dollar? $3 plus. Do you get my point? [Post 1 of 2] Frank26 ...If they lift 3-zeros that's still not enough because that would be at a 1 to 1. They need this thing to float...IMO I think the Iraqi dinar will at least come out at 1 to 1 because that's what they say. Then I believe deep IMO they are going to float this currency. That's when it's going to get tough on you. You're going to be so tempted to go to the bank and exchange everything you've got at 1 to 1. Wouldn't you like to exchange at 2 to 1? 3 to 1?...I believe 1 to 1 is their goal but the hard part is for you to decide if you want to exchange at a higher exchange rate..[Post 2 of 2] Militia Man I wrapped up this week talking about all the progress that has been made. What has been done since January. Big things like joining the World Trade organization as an observer status...which has been ongoing since 2004...in February to August we see they are gearing up for full ascension to the WTO and this is a big deal. They will be out in the world economy again and in the global financial system. My understanding is they have the security and stability in the country…enough that we can see all the countries making deals and doing things with Iraq. …Iraq is going to make a lot of money...once they have an article 8 exchange rate …that is required...For full ascension…all of us will have a different venue in a short period of time.
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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 ...The Biden Administration started allowing Iran, not Iraq, Iran to increase their production of oil. They are affecting Iraq's production, to help out Iran who wants to destroy us. Amazing idiots..! RON Clare Article: "After the 'newspaper campaign'... Expectations for the expansion of car sales and purchases in Iraqi dinars" Quote: “...large and original car dealers began to widely enter the electronic platform to obtain dollars at the official rate and import cars, as well as began selling cars at the official price, but the car market is still dealing according to the parallel exchange rate...In the future, the process of selling cars in Iraqi dinars will expand at a price close to the exchange rate of 1132." MarkZ ...the chatter this morning is things are very much “back on track” … Mondays are usually super slow, so to get news over the weekend from a number of group leaders that things are back on track with great expectations is good... that really lit me up over the weekend with all their preparations for this coming week... So cross your fingers …I am hearing things are now off of “stuck”... Militia Man Article quote: "Two urgent decision to enhance the ability of the Iraqi dinar against foreign currencies"...That sounds like you're going to raise the exchange rate...This is a sign that change is coming... we're in the process of watching it. Frank26 How do you get an increase in the Iraqi IQD? It is by adding value to the dinar that you take value away from the American dollar. tlm724 Article: "Parliamentary Finance Reveals Details Of Hosting The Governor Of The Central Bank Regarding The Dollar Exchange Rate And Housing Initiatives" Quotes: "...the Governor of the Central Bank, Ali Al-Alaq, to discuss the Central Bank's initiative to grant citizens loans to solve the housing crisis and the exchange rate of the dollar."; "..."The issue of the exchange rate of the dinar against the dollar and the reasons for the high prices were discussed..."
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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 Corruption in Iraq is being dismantled and that's what we need to have the new exchange rate...they stepped on the gas...hundreds of people being arrested. Millions and million of dinars being brought back to Iraq. This is all part of the monetary reform... Nader From The Mid East As long as they [Iraqis] have money and they can buy and sell stuff they don't pay attention to it [dinar RV]. That guy's gonna have one million in his pocket or 1500 it's gonna be the same thing. It's going to spend the same thing. In the United States and Europe too they talk about...all over the world they talk about because they know it's gonna happen...It's an investment for the outsiders. But for Iraqis it's not an investment...Over there if we change the currency all we have to do is take that 2 millions and change them to two millions with small categories... Militia Man Federal Court specified their own timelines...They specifically stated 30 days from July 26, 2023 that the 2023-2024-25 budget has to be implemented by that date. That's 30 days. Walkingstick [Aki's Iraqi Bank report] All banks are back online. The ones they did not give licenses to will be under the tutelage of the CBI. No more F$%^ing around...Banks...machines have been set up. We have done everything that the CBI has requested of us. We do not know of any other meetings that we are scheduled with the CBI...All that we are waiting for is the exchange rate now. MarkZ [reference Militia Man post below, 8-22-2023] The most important timing he [Militia Man] mentioned is with Al Sudani and the expectations to have money flowing by the 26th. A lot of folks in Iraq and involved with Iraq believe this could mean a change in value. Militia Man ...I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending… for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310...Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate. [Repost] Frank26 Why isn't there a lot of article...information this past week? Why? It's on the [down] low side right now on purpose. You'll see.
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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: TV saying with the funding of the budget we are going to see a major decrease in the dollar exchange rate. FRANK: They cannot touch the dollar exchange rate. Only the US Treasury can touch that exchange rate. BS..! So what are they talking about? They're talking about adding value to their currency which will decrease the value of the American dollar in their country. That's what they're talking about. That's the exact same thing Frankie..! DUH... Clare Article: "Iraq is trying to join the World Trade Organization" Quote: "Iraq needs to diversify its economy in a flexible manner, such as the agricultural, industrial and investment sectors, and that Iraq's accession to the World Trade Organization be useful as one of the tools for building a market economy within the standards of the global market and a tool for achieving reforms and decisions to achieve these measures." Samson Article: "Iraq is looking to accelerate its accession to the World Trade Organization" Goldilocks Iraq recently became a trading partner with India and seeking inclusion in the Unified Payment System that will allow them to go across borders sometimes, by land, sometimes by sea, seeking more demand for their currency which gives it more value. Frank26 There are no issues...problems...delays. Everything is moving forward. Do you understand that? It's a perpetual motion of moving forward. Nowhere do I see any stalling...standing still...No. Everything is moving forward...leaning forward picking up speed...There is no delay.
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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: "Al-Alaq: The Iraqi government's debts to the Central Bank amount to 46 trillion dinars" Quote: "Regarding the cost of printing the Iraqi currency, the governor of the bank said that it costs 5-6 cents per paper" MarkZ Article: “Sudanese and Mandalowi agree to speed up implementation of budget items” They are talking about the economic reforms, the projects etc…they need to stop in-fighting and get this thing implemented. In this implementation they need to control their rates. Exchange rates, parallel markets etc…so to me, this was a very encouraging article…they need to go sooner rather than later to get these reforms done…with a concerted effort from the various blocs to make it happen. Sandy Ingram Article: "Member of parliamentary finance accuses Iran of printing Iraqi dinar and replacing them with dollars" A parliament member is saying...Iran is reproducing Iraqi dinars in Argentina and then trading the dinar for U.S. dollars in Iraq before smuggling the money into Iran on a truck...Bottom line more banks in Iraq will be closed. Iraq's currency has been compromised even more. Frank26 What is the reason why we do not have the new exchange rate of the Iraqi dinar, the lower denoms, why? ...criminals...the corrupt...thieves...Iran...This is the perfect timing to remove Iran influence. Did you not see the money exchanges that are owned by the Iranian politicians closing up? Do you not see the banks that are owned by the Iranian politicians being closed up? Do you not see Iranian politicians being arrested? In fact do you not also see Iraqi politicians being arrested? Mnt Goat ...the CBI is still on track with the 2011 plan and is moving ahead with it. By reserving gold, they are moving to meet the Basel 3 rules... an interview with Ali Alaq he told us the future vision of the Iraqi dinar...It is backing the dinar with GOLD! WOW!!! no longer just the dollar. Yes, we can definitely see the trend already to get the dollar out of Iraq. It is a process... Alaq says that today they back the dinar with the billions of reserves, which is the dollar. Then he talks about the future where it will be backed by GOLD not the Dollar. He says Iraq has 132 tons of gold...about $8,008,704,000 billion worth of GOLD...
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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: "The tripartite budget instructions come into effect after being published in the Iraqi Gazette" Quote: "The Iraqi Al-Waqi newspaper published, on Monday, the instructions for the tripartite budget, which entered into force. "The instructions of the tripartite budget law have been published in the Official Gazette, said Hanan Munther Nassif, Director General of the Iraqi Gazette." CANDYKISSES Article: " 'Our dinar'. A campaign to return the dollar exchange to its normal rates" Quotes: "...the return of the dollar exchange to its normal rates needs to adopt the slogan "Our dinar", calling at the same time for the concerted efforts of government institutions, the private sector and the media to support dealing with dinars exclusively, and to leave dollar transactions."; "Restricting transactions to dinars is an important step that raises the value of the dinar and takes the market to the stage of stability,"
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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 They are protecting the dinar and they're protecting the exchange rate from any speculation, fluctuation, lies, profiteering from any Iranian thief. This is amazing. This is 304...They just blew the door wide open to bring forth the new exchange rate, the budget, the HCL, the lower denoms, the coins, the future of Iraq... Militia Man Article Quote: "The Deputy Governor of the bank...promised yesterday other decisions will be issued next week that may contribute significantly to reducing the dollar exchange rate." They're talking about reducing the dollar exchange rate. They can do it in the official sense or they could be considering that to be in the parallel market sense. IMV...the quote for the black market or the parallel market...were fake. Basically the corrupt were cheating the corrupt and some of them were complaining...there's something happening next week. MarkZ Question:...do you think there will be an interim rate change in Iraq to between 1000 and 700 before they drop the three zeroes and get us to better than 1:1? MarkZ Answer: If you had asked that a few weeks ago I would have said yes. But asking that today-I think they are going to skip that step…but we will see. Samson Article: "Central Bank: New decisions will be issued next week that may contribute to lowering the exchange rate" Mnt Goat This week I had an interesting conversation with my CBI contact in Iraq. I was told to expect yet another “official” rate change of the dinar from the 1320 rate. I was told the new measures were trying to get as close to 1000 rate as possible. I asked about a more specific number, but I could not get a commitment on the actual range. However, I was told that the measures to be taken in the coming weeks should move the dinar within this range.[post 1 of 2] Mnt Goat What is the plan once this new rate range is met? I was told that the CBI could then go ahead with the project to delete the zeros. We know that when this new rate is rolled out the CBI will then drop three zeros from the currency. It was my feeling that they are heading to around an 1166 from 1320 rate so we are not that far to go and these new measures should take them to the rate they need.[post 2 of 2]
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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 Support the dinar, that's the focus and the demand to diminish with the dollar. We can see they're moving to that end. We all know the central bank law says it's illegal to the dollar. The IMF Article VIII compliance requires the dollar to disappear when it comes to goods and services within the country...Bottom line is there's not going to be a need for that parallel market anymore... Frank26 What is Article 304? To protect the dinar... Since when do you protect toilet paper? Since when do you protect used toilet paper that's already been flushed down the toilet? Never. You're going to release 304 right now? What for? Have you done it the years before? No. Have you done it decades before? No...Sudani is arresting people left and right, backwards and forwards, up and down...because he's not messing around anymore with those that are delaying the monetary reform. Clare Article: "Next week.. The Iraqi Central Bank launches a package of measures that will reduce the price of the dollar" Quote: "decisions will be issued next week, which may contribute significantly to reducing the exchange rate of the dollar. "
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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 The Governor of the Central Bank, Ali Al-Alaq, revealed on Wednesday, measures that will contribute to the stability of the exchange rate, and...he also pointed out that the new proposed 20k note has been dismissed from printing...we do not wish to expand the current categories, because the project to delete zeros still exists... All we can do is sit tight and wait. It is coming soon and this is yet another good sign that the new governor Ali Alaq is on the reform side and wants what we want.
