|
Search the Community
Showing results for tags '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... 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!
-
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!
-
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.
- 1 reply
-
- 6
-
-
-
-
- boots-on-ground
- articles
- (and 3 more)
-
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.
-
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..."
-
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.
- 3 replies
-
- 7
-
-
-
-
- news
- bank report
- (and 1 more)
-
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.
- 1 reply
-
- 8
-
-
-
-
- boots-on-ground
- articles
- (and 2 more)
-
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...
-
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,"
-
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]
-
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. "
-
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.
-
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 crisis of the rise of the dollar returns to the fore... and an upcoming parliamentary procedure" Quote "The Parliamentary Finance Committee confirmed, on Friday, its intention to host the Governor of the Central Bank and the Minister of Finance during the next week, to find out the reasons for not controlling the parallel exchange rate." Frank26 Article Quote: "The parallel price means the exchange rate of the dollar in the market...and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." What...when? They don't have to tell you when. They don't have to tell you nothing. But all of a sudden...this exchange rate comes out of nowhere like Godzilla coming out of the ocean and surprising with a big roar, 'Our official exchange rate is 1132.' No it's not. You've been telling everybody it's 1320...If you remember, I told you I was hoping they would get this down to 1100 or to around 1000. In that way we can just drop the zeros and we're at 1 to 1.
- 19 replies
-
- 10
-
-
-
-
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 "Central Bank: The volume of foreign reserves increased to 113 billion dollars" Quote "Today, Saturday, the Central Bank of Iraq announced that the volume of internal debt has risen to about 70 trillion dinars, and the volume of foreign reserves to 113 billion dollars. -
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: "Will the float go fast or slow?" IMO it's going to go at the speed of light. It's like a man that was in prison for 50 years and he comes out. He's going to do everything that he couldn't do in prison at the speed of light. Mnt Goat Article: "Iraq: Accession to the World Trade Organization (WTO)" Quote: “Iraq’s accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services”. Then yet more of the same good news and I Quote: “access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system”. Yes, Iraq is now a full member.
- 46 replies
-
- 11
-
-
-
-
-
-
-
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 ...We got news of an imminent accession of Iraq to the WTO this week. WOW!!! and other economic plans. This NOT business as usual as over these last couple decades. We are really here! Folks we are heading for the long-awaited reinstatement of the Iraqi dinar to FOREX not as a placeholder, but open for business in global trading. Just be patient, it is coming. Frank26 To be a member of the WTO the currency of that country cannot have any restrictions whatsoever. What is a program rate? Is a program rate an International rate? A program rate is a sanctioned rate...a program rate is a restriction...restriction are not part of an international rate...something is happening. BGG ...the position I have come to understand over the last year or so… the biggest impacts on the value of the Iraqi Dinar would likely be… 1) Them using their own currency (exclusively), they are nearing this point now… 2) Them entering some “Brics type” alliance, as opposed to being so attached to the US...
-
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 News Flash *** Multiple reports coming in that the 2023, 2024 and 2025 budget has been signed by the president. This was the next step in the budget becoming an official law and about 10 days EARLIER than most expected. Stay tuned as we all discuss what we feel is next on Iraq's agenda to increase the exchange rate of the Iraqi dinar... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The central Bank Governor talked about raising the rate of daily transactions and he talked about hard currency abroad. FRANK: Hard currency is your new national currency. The program rate is not hard currency. FIREFLY: He's also talking about there's another campaign to straighten the dinar with us Iraqi citizens. He saying how the dinar's strength will grow. FRANK: What do you think that is? A new exchange rate, the lowering of the American dollar in your country...they are educating you on the monetary reform. Militia Man The 25k notes - if they change the value - that value goes with it because you can't have 2 exchange rates with an international currency. It's not going to work. Never has been even suggested...the project to delete the zeros is real. It's not off the currency it's off the exchange rate... MarkZ The budget was signed today…Article: “the President of the Republic of Iraq announces the ratification of the budget law.” …one of the massive steps we were waiting on is now complete. There is nothing holding them back at this point…as we understand it. The Kurds are happy…the banks are happy…everybody is happy. We just don’t have a rate yet...With the budget signed I think we could go at a “any moment” scenario. Babysmom PRESIDENT OF THE REPUBLIC HAS APPROVED THE BUDGET. WE ARE WAITING ON NEXT STEP INFORMATION...
-
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: "Why Chase Bank?" Chase Bank was one of the four that was selected. There were 4 major banks that were involved in this IMO...the first one was the piggy bank of the United States, Bank of America...Chase...Wells Fargo...CitiBank. Their roles in the chain of command of the monetary reform are about to be disclosed. Paulette Comment [Thank you for your Application to join the WTO Iraq - just an FYI - 'You ain't getting in with a program rate of 1,300 to 1'..!] I disagree...the rate is irrelevant to the World... Very relevant to the CBI who has to supply the actual money...look at Vietnam... Instead, I believe 'You ain't getting in unless you are recognized by the IMF as Article VIII compliant' is the more appropriate statement. This brings the IQD back to FOREX and easily exchange worldwide. Militia Man They said in numerous articles that once we have the budget law done that the next step would be to expedite the oil and gas, which is the hydrocarbon law that takes care of the citizens. Lets get it done...! Kaperoni Passing the tripartite budget is more or less the beginning of events that will follow. They now have the ability to launch the rebuilding of their country, encourage foreign investment, continue to develop the banking system.
-
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 Everything they're saying and showing the Iraqi citizens is only for one reason - to increase the value of their currency. Sandy Ingram Breaking News coming out of Iraq. The Iraqi government is planning to complete the requirement for Iraq's acceptance to the World Trade Organization (WTO). This means financial contributions to the WTO have been settled. A statement issued by the Ministry of Trade said that work is underway to complete the requirements for joining the WTO...
-
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 Governor of the Central Bank meets with the Vice President of JPMorgan Bank" JP MORGAN CHASE DEALS WITH FOREIGN CURRENCY TO MAKE MONEY... A PROGRAM RATE MAKES ZERO PROFITS...WHEN YOU CALL CHASE THEY SAY THE DINAR IS A SCAM... NEXT TIME YOU CALL THEM ASK WHY THEY ARE INVESTING IN A SCAM? Pimpy There's a lot of chitter-chatter about what the exchange rate might be and I understand why. But I'm not going to mislead people. I told you if it goes up it's going to go up in increments. There are people out there claiming the exchange rate is going to be reinstated. I understand where they are coming from. I do. But I'm being realistic...we won't know anything until they actually pass what's going on. Will they change the exchange rate? We don't know...Will it go down in value? Will it go up in value? We don't know and I'm not going to lie to you...what I'm saying is hang tight and let's see. There are still a lot of things that are sill not finalized in the budget... Clare Article: "Central: Commitment to strict currency financing instructions will significantly reduce the exchange rate" Quote: "Today, Saturday, the Central Bank revealed its plans to raise financial and gold reserves, while noting that adherence to foreign currency financing packages will contribute to a significant decrease in the dollar exchange rate in the coming days" Nader From The Mid East It came out, the new currency exists already. They just need to come out with it...just throw it to the streets...it's a lot of good news coming out. They are trying hard. They are trying their best. We cannot blame them. It's like [The U.S.], you got one party and you got the other party so they will never be work together. That's why it's taking a long time... After today what is the next step? The next step is the currency...Forex...so be ready for it...next week is going to be busy. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're showing JP Morgan is meeting with Sudani...today they're saying it's not about oil revenues. It's about non-oil revenues that they came to talk about... Alaq CBI governor saying America's largest bank JP Morgan willing to back Iraq banks in foreign trade in US dollars. FRANK: JP Morgan wants to back up the Iraqi dinar. But it's a scam. It's scam! No it's not. It's about time that you start telling the truth [JP Morgan Bank] and they will pretty soon IMO. CANDYKISSES This is good. Article: ***Today, Saturday, a member of the Parliamentary Finance Committee, MP Mudar Al-Karwi, described today's session as crucial for the 2023 budget, denying postponing some articles until after Eid.** I've never seen it any better than it is right now. I will not lose hope. It will happen!! They will get it done.
- 14 replies
-
- 10
-
-
-
-
-
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: "Al-Sudani welcomes the opening of branches of a global bank in Iraq" Quote: "a delegation from the "JP Morgan" bank in Baghdad..." CHASE WAS ONE OF THE FOUR BANKS WE TOLD YOU ABOUT AS A PART OF A FINANCIAL HUB... LOOK AT THE TIMING..! Nader From The Mid East The budget has been approved. Everything has been approved. They're saying they have to vote but they vote. It's been approved for a long time already but they just wanna make a big show...Today the budget will travel to the Senate, the Senate will sign for it and that's it, we're done with the budget, and now the new currencies. It appears that Nader is repeating himself, almost word for word.
-
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 What we're waiting on is the budget to be passed, ratified, however you want to talk about it. Does it happen [today]... Something could happen just thereafter and/or prior to getting it to The Gazette. There's a window there. I'm not saying I know how it's going to play out but the nice part is there could be a rate before the budget gets exposed or B at the same time or C within a short period of time because ...we know the budget doesn't work at 1310, so there's going to be some changes... Mnt Goat ...from what I can see it is now the Finance Committee that is lagging in support to give the CBI the green light. They feel they need the 3-year budget in place and voted on and passed. Earth News/.. The parliamentary finance committee confirmed on Monday that the resolution of the vote on the budget law by the House of Representatives will be this week. Parliament Speaker Muhammad al-Halbousi and the Secretary-General of the League of the Righteous Movement, Qais Khazali, stressed the need to pass the budget as soon as possible. I think they will pass it this week since this session ends this week and the members all want their break.
-
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 Iraq is not Article VIII compliant currency at this time. They're just not. And they're not going to be at 1310, which they are officially. They are going to do something different...IMO. We're all going to be paying attention to that. Frank26 Article "The Central Bank organizes a workshop to activate the mechanism of buying and selling real estate through the banking sector" THESE WORKSHOPS/MECHANISMS, HAVE NEVER BEEN OFFERED TO THE IRAQI CITIZENS. UNTIL...NOW. Nader From The Mid East A lot of questions like, 'Hey, the rate in-country do we have to travel to Iraq to change our money?' First... whoever has millions of them, my opinion they're not gonna let you travel with all that money...to change it in Iraq erase it...forget it completely. Second, when the rate changes...if the one is on Forex and if it's international in Forex the banks have to buy and sell it especially if it's stronger than the dollar. Pimpy We've been monitoring whether or not they're going to pass the budget as well as conclude and finally sign the oil agreement between Kurdistan and Baghdad...definitely the budget is important for many reasons... MarkZ We look at the progress they are making on electronic transfers, the ability to exchange, change value electronically and streamlining the process has been just awesome...Iraq is doing everything it needs to do to go with or without the rest of the world. They are telling us it is going. We don’t need to guess at it - just listen to their own words. I don’t know where we are at timing......but I do know that my contacts in wealth management are extremely upbeat...... Guru Clare Article: "After a hiatus of more than 12 years.. The Textile and Leather Company announces the resumption of work" Quote: "the process of tanning raw leather extracted from sheep, cows, and goats has begun, and has been transformed into leather prepared for the manufacture of shoes, bags of various kinds, leather gloves, and belts, in addition to leather requirements for institutions and security services of all kinds."
-
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: "Apple to launch first online store in Vietnam" Quote: "Apple will launch its first online store in Vietnam next week, the company said Friday, hoping to cash in on the country’s young and tech-savvy population." Not Iraq news, but worth posting in any case..! Sandy Ingram The Central Bank of Iraq's website...you will find gold coins and nuggets that you can purchase using your Iraqi dinars. Gold is universal. You can exchange your gold for any currency in the world. International travelers travel with gold all the time, including myself, as long as the value of the gold is under $10,000 we do not have to declare it. Gold coins is one of the best ways to ensure you are liquid regardless of what the global economy does... Samson Article: ”Mr. Hakim to the American Ambassador: Iraq is experiencing an unprecedented state of stability”
-
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 Deepwoodz I know the expectation was 1:1 and now maybe 1:1.50 but I wouldn’t be surprised with all the build-up that they come out guns a blazin of 3+:1. Walkingstick The CBI took out a tender which we told you about 2 weeks ago. The tender bid is for the new small category notes. They will also have to be paid in IQDs. This tender was accepted. It was fulfilled. It is complete in the national currency and the contract was just paid in Iraqi dinars. MarkZ Iraq: They have announced that they are going to do the third reading of the budget and vote on it on May 17th- next Wednesday. I expect things to go before that.Why? …because I am hearing its already approved after the second reading automatically once you hit a certain time frame…and that’s how they were able to send the dollars to Kurdistan this week. It has already been approved twice with no objections. I believe they are giving us that date to look over there and IMO we should see the announcement between now and then. Sandy Ingram Article: "Iraqis Fly to Nearby Countries to Get Dollar as U.S. Cracks Down on Money Laundering" ...As the the US tries to stop the illegal flow of dollars into Iran, local money traders next door in Iraq are finding new ways to get hold of greenbacks as the local supply dries up in Iraq. They are flying to nearby countries with stacks of bank cards to withdraw hard cash...At least 24 Iraqis carrying around 1,200 bank cards loaded with more than $5 million have been arrested...On Friday authorities detained another Iraq traveler trying to sneak out 300 bank cards in cigarette packs at the international airport in the central Iraqi city of Najaf... Pimpy Article: "Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering" Here's where the problem lies. When your government is allies and backed by Iran where do you think this government's loyalty is going to go to? It's going to go to Iran. It always will. Until this type of government is removed there's always going to be a problem...Money traders next door in Iraq are finding new ways to get a hold of greenbacks as the local supply dries up... Clare Article: "Sharq: The collapse of the Tehran Stock Exchange caused a fifth of the liquidity to evaporate within two days" Quote: "...the significant decline in the Tehran Stock Exchange markets during the past few days as "amazing" and "shocking", as the equivalent of a fifth of the country's cash liquidity evaporated in just two days."