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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... 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]
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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... 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]
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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... 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...
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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... RON *** Mnt Goat The UN said they would give Iraq until Oct 4th to form their government and if not they would step in. So now they have stepped in and gave what I call the first of stern warnings to Iraq. The next warning will not be so gentle. Could Iraq go back into Trusteeship? They are now totally out of Chapter 7, as we know, and so this would be a step backwards for them and our investment too.
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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... RON *** Sandy Ingram The OPEC+ group has agreed to reduce its daily oil production by an average of 2 million barrels per day. When you limit the supply the price automatically stays the same or they go up...at the same time this limits the monthly income Iraq can experience thus affecting Iraq's financial status...the OPEC group decided to start applying this reduction in November of 2022...
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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... RON ** Mark BIG Rumors that Iraq is looking at joining BRICS. I want to tell you that no matter where you are at…there is no chance you will be kept from exchanging dinar. You do not have to worry about it - even if they join BRICS …everyone will still be able to exchange. On the world stage-you cannot pick and choose who gets to exchange…everyone will be able to exchange…. The way this will work. BRICS was designed as a way of forcing the reset. CIPS was formed as an alternative to the SWIFT system. They want to force the reset and it is working like a charm...Some news articles are clear signs of our impending revaluation…
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Saleh is on TV says our cash reserves will be over $100 billion and that's the most ever in our history. He said he got that from the governor of the CBI and he said that money has to be used to advance Iraq . It's for investment and to grow. FRANK: Saleh is telling the citizens of Iraq your currency has value. It's going to be paying things off. It's going to be well received by the rest of the world...
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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... RON *** Tim784 Article: "Al-Hakim And The American Ambassador Discuss The Mechanisms Of Getting Out Of The Political Blockage" The media office of the head of the Wisdom Movement stated in a statement that "Al-Hakim discussed with the US ambassador to Iraq, Elina Romaneski, the latest developments in the Iraqi and regional political affairs, the mechanisms for getting out of the current political impasse, and the bilateral relations between Iraq and the United States of America." -
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 *** Breitling This investment hasn't gone negative. It hasn't gone south...your feelings aren't a reality. The reality is Iraq is moving forward and they're going to add value to their currency. What moment? What day? We can only speculate. But don't go down that rabbit hole of, 'It's never going to happen.' It's garbage. It's bull crap. [Post 1 of 2] *** Breitling I don't see any articles anywhere from the CBI, those are the ones who manage the Iraq currency, that they are not going to add value to their currency. I have not seen one single article, one word come out of the CBI [saying that]...They're always talking about how they're going add value to their currency. [Post 2 of 2] *** Nader From The Mid East [Fallout from Nader's friend's government officials arrest videos] I'm gonna tell you what's happening to me. I cannot go home. I've been threatened and I have proof...I've been threatened with death. With death, yes. People said, come back to the country they will kill me... The government doesn't want things to get out...they don't want to show all this aggressive arrests... *** Pimpy The Supreme Court over there is saying they do not have the authority to dissolve parliament...I really do believe there's going to be a bad situation come of all this...the Supreme Court....will not dissolve parliament. They won't allow the president to dissolve parliament, therefore the only people who could dissolve the parliament are the people working in the parliament. Go figure. This is why things are so messed up over there.
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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... RON *** Bruce You know there's a diamond crust about six feet down in Iraq - in the sand. There's a whole six inch crust of diamonds that they found when they're going deeper for oil. Now it's just amazing that the wealth that is in that region... *** Samson Article: "Iranian Central: Offering the Iraqi dinar to local banks" Quote: "The governor, "Ali Saleh Abadi," said in a statement on the sidelines of the cabinet session today, Wednesday, that a quantity of the Iraqi dinar entered the country yesterday and will be distributed starting tomorrow (Thursday)." *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: We see a big explanation from the federal court on TV today and they are not going to dissolve parliament... *** Mark ...in Baghdad Today: the report is the Supreme court of Iraq has rejected TODAY the lawsuit to dissolve the Iraqi Parliament. Now before you panic…I believe this is a good thing. It forces continuity in the Iraqi government.
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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... RON *** Nader From The Mid East [His friend's corruption video followup] The problem is you only saw one video...one got arrested but it's like 5 or 6 of them got arrested in the same day and that's a really good thing...they want to give an example. That's what they want to do. That's why they're arresting people like that...this is what's going to happen you if you continue to steal...if you go to government office it's a lot of them like that. 'You have to give me money for me to let stuff go through.' [See This Early Morning's Frank26 post & yesterdays] *** Pimpy The federal court of course once again kicked the can down the road. They're not going to make a decision on this particular situation [Dissolving parliament]...
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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... RON *** Kaperoni Many political blocks are trying to maintain calm in Iraq but it is extremely fragile at this time. There is no talk of any significant change in the dinar value. If anything is being discussed it is forming a government, getting back to work parliament passing laws and creating an environment for foreign investment in the economy. *** Nader From The Mid East A lot of people saying what's happening it's because people of Iraq they want their rate to change. You know 90% of the people is Iraq doesn't know nothing about the change about the dinar. All they want is to have some money. They don't care about anything because it doesn't matter if I have 10 million dinars or 50 million dinar...they matter for you guys over there but not for us... *** Sandy Ingram Good news. Al-Sadr is reportedly on a hunger strike until the fighting ends...After this next statement by Sadr the Green Zone was EMPTY within MOMENTS. Quote: 'I sill believe that my supporters are disciplined and obedient and if in the next 60 minutes they do not withdraw as well from parliament then I will abandon these supporters.'
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*** Dinar Community Update *** This week President Biden signed into law the $437 Billion spending bill ironically called the Inflation Reduction Act (IRA). $80 Billion is to be used to increase the size of the IRS... Why does this matter to you? The gurus disagree on how we'll be taxed upon exchange. Some feel there will be no tax, others feel you'll owe capital gains, others feel it will be treated as ordinary income. There's only one opinion that matters - the IRS's. Whatever they say is what you pay. Consult your tax professionals to determine the right taxes for your unique circumstances. $45 Billion Biden's Inflation Reduction Act money is specifically for tax collection and enforcement. Reports are between 50,000 to 87,000 IRS agents will be hired. Are they coming for you? Are they coming for people with a financial windfalls? They're coming for someone. That's why it's important to consult with your tax professionals so you pay the correct amount. 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
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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... RON *** Nader From The Mid East Sadr is asking to have another meeting with all the politicians but right on TV - like let's discuss this in front of the entire Iraqi population. Sorry for my language, but you have to have balls to ask for that. This guy has balls. I like this guy. I'm interested...He's right. This guy is going to fix ****. You know what? I'm gonna stick with him.
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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... RON *** Frank26 The CBI is not waiting on the GOI. The GOI needs to sit down. Once they sit down then you'll see a 'confidence'... *** Mark Out of Iraq: “With the resignation of the minister of finance-the dollar is falling in the Baghdad markets” What does that mean? It means the dollar doesn’t buy as much dinar. They are very excited with the resignation of Muhammid Allowi. He has been a stickler in the side of allowing this to move forward. He has resigned...We are looking at big happenings over the next 18 hours or so I Iraq…It is very exciting to see what is going on there. The markets there are already responding by weakening the US dollar and strengthening the Iraqi dinar. This is big news guys. *** Samson Article: "Al-Kazemi assigns the Minister of Oil the duties of the Ministry of Finance as an agency" Quote: "...the decision to assign it will be temporary, and it came after the approval of the resignation of Finance Minister Ali Allawi." *** Clare Article: "The Governor of the Central Bank of Iraq receives the head of the Iraqi Media Network" WHY? I WOULD IMAGINE BECAUSE THEY ARE GETTING READY FOR THE RELEASE OF A BIG MEDIA CAMPAIGN ABOUT CHANGES COMING FROM THE CBI... *** Sandy Ingram Article: "Iraq Planning Increased Oil Production in "Coming Years" The First Vice President of the Iraqi National Oil Company said that oil production in Iraq can be increased to 5 to 8 million barrels per day during the coming years...Oil prices dropped slightly on last Tuesday over the potential of Iran oil reaching the global markets. This has to do with the Iran nuclear deal. *** Pimpy [ Q? : A floating rate? ] I would love to see that. That means the Iraqi dinar would be on the Forex. It's not there currently but...we would really see then what the true value of the Iraq dinar is because it'll be dictated by the market. *** Paulette IMO "Auctions" stopped years ago and they were transformed to "Currency Sales"....Currently, the Currency Sales are predominantly to cover imports and secondarily to provide adequate USD in the country to keep the rate stable. This is true supply and demand. *** Samson Article: "The Minister of Finance submits his resignation, and Al-Kazemi agrees" *** Kaperoni The prime minister's advisor Al-Jubouri had a great comment today on the dinar, basically saying that the government cannot make a random decision that only supply and demand will increase its value. In other words Iraq's economy needs to grow and they need to float the dinar. And Now, for Mark's outrageous rumors and opinions..! *** Mark ...I continue to get information that in Iraq they are preparing for the imminent release ...they are very confident that it is “days and not weeks” especially since they moving forward at the CBI. I do not know for certain if we are getting notifications this week. Is there tremendous progress and movement going on? Yes. Is there contractors with some rates? Yes...Really, where is the evidence..? Do I know what those rates are? No. Can I tell you that at this point it is believed to be extremely close? Yes. But I do not know the exact timing yet. I can tell you there has been tremendous progress and I am excited. I am literally waiting moment to moment to get that call to let me know “it’s time”!!! There has been fantastic news. This has been his story for the past several years, and it stinks of and IMO..!
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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... RON *** Nader From The Mid East The bank came out today with news. Says the reserve amount of dollars is $82 billion. This it says by the end of the years would be $95-$99 but you'll see it's going to come out $100-110 billion. Then they talk about gold. They got 130 tons of gold making him the 30th in the world and the number 10 in the Arab world... If you all recall, many times Iraq declared that they planned to be a Donor Nation..!
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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... RON *** Dinar Community Update *** Sad news in the community today.... Please keep Okie in your prayers. Doctors have told him he has 6 months left to live… He asks that you keep him in your prayers with a belief for his healing... (Reposted) *** Nader From The Mid East ...We all agree to disagree correct? ...if you hear something, if you see something negative just keep it to yourself ...Some people have to let them hear what they want to hear for them to be happy in life. So let them hear what they want to hear. That's it. It has nothing to do with me...we all living a period of life and then we're gonna disappear from this life. Let's make it nice. [Post 1 of 2....stay tuned] *** Pimpy All these things about redemption centers and 800 numbers and back screens and people on standby, tier 1 and tier 2 - all of that is bull crap...there's no redemption centers, there's no 800 numbers, there's no military intel... *** RVAlready Ignore their politics, focus on the RV. We were told that, at the end, Iraq would be blowing smoke. It looks to me like we are converging on the RV. Lots of bullshoot out there trying to convince us otherwise. You know the actual release date will remain totally hidden until this is all over. *** Kaperoni Nobody knows any procedures until such time the dinar appreciates. And if the dinar does gradually appreciate based on the economic growth it's going to take time. [a recent] article mentions 1-4 years therefore it is unlikely that anybody would ever go to a bank. Tends to lean towards ECMs or brokers. *** Samson Article: "Erbil Municipality announces the paving of streets in the capital with a billion dinars" [NOTE: They say the streets of Baghdad are paved in gold...I mean 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... RON *** Nader From The Mid East Good news for you...my friends knew it two or three days ago, but I wanted to confirm first - but it's too late, everybody knows about it now I think...Europe will be opening the door for the Iraqi dinar exchange. If you want to exchange your dinars in a couple week you can go there and change your dinars. But for now the rate is not there...not time yet for congratulations, but soon there will be congratulations..!
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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... RON *** Mnt Goat There are many articles today...on changing the exchange rate...They are talking about changing the rate back to the pre-devaluation rate of Dec 2020. This is not what we are looking for. In today’s news the Minister of Finance does explain the “anything is possible”. He also tells us originally, they wanted this new devalued rate for 3 years. Now since oil rose so high and the CBI reserve levels have been met (over the expectations even) that they will have to reconsider this move...
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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... RON ** Petra Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" I'm having a hard time with that Food Security Law. With the budget imminent, what's the need for it? UNLESS...it's a COVER for something else??? ...I think we can all agree that the "actions" we are seeing clearly delineate a game plan and a strategic execution of timing and global input for Iraq 's next move. With food prices skyrocketing they clearly only have one move to protect their citizenry. A global Force Play! ** Frank26 Question: "Ukraine - Russia will it effect the monetary reform?" No. What does the ruble have to do with the monetary reform of the Iraq ?...the ruble is being destroyed. Is the ruble on par with the Iraqi dinar? No...what they are doing has nothing to do with the beauty, the supreme efforts that are being done by Kazemi and Mustafa for their country, for their currency. The whole world wants to pour into Iraq and do business with them. ** Pimpy Video: "Why Foreign Currency Reserves Are Important" Quote: "holding foreign currency reserves...influence the exchange rate. With large foreign exchange reserves a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value." ...a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market...[Post 1 of 2] ** Pimpy Article: "Central Bank: cash reserves exceeded 70 billion dollars" ...The Central bank has reserves exceed $70 Billion. This is good. Iraq continues to build up the reserves...the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can...increase the value of the exchange rate by buying more of their own currency off the market... Iraq 's foreign reserves are increasing. It's just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate. [Post 2 of 2] ** Samson Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Article: "The Central Bank: Our cash reserves exceeded $70 billion"
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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... RON *** Walkingstick Question: "Do you think Iraq has enough security and stability right now to reinstate their currency?" Most definitely...waiting on a seated government. Nothing else is preventing them from releasing any new exchange rate...they are prepared now to introduce a new exchange and currency...IMO..! *** Militiaman Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO. Quote: "They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war." A new exchange rate is imo all that is needed to curb inflation and bring purchase power...Lets see what the day(s) bring...I like this a lot. It is a very timely piece from the UST...
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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... RON *** Pimpy Can actions of Russia help increase the exchange rate of the Iraqi dinar? Oh yeah it could! It absolutely could bring the rate back to where it was in the past...What did Russia do that could help Iraq increase the value of the Iraqi dinar? They moved into the gold standard...through the sale of their oil... Article: "Russia sets fixed gold price as it restarts official bullion purchases" What does this mean? [post 1 of 3....stay tuned] *** Pimpy ...You cannot buy Russian oil unless you use the Russian ruble. Right now around the world they use...the Petrodollar. In other words the United States dollar. Russia and China had already agreed to start doing trade in their own currencies. Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks...these people are...moving us back into the gold standard...that's going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil. So what does that have to do with the Iraqi dinar? [post 2 of 3....stay tuned] *** Pimpy ...What Iraq and OPEC should do is the same thing...We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost. What do you think is going to happen to the currency now that's it's moved into the gold standard? It's only going to get stronger...if you force people to buy the oil using...the Iraqi dinar then it's going to increase the purchasing power of the Iraqi dinar. It's going to make it a stronger currency because more gold is coming in, more people are forced to use the currency - think supply and demand. Demand for the Iraqi dinar would increase big time...they should follow in the footsteps of what Russia is doing. [Post 3 of 3] *** Mnt Goat You can clearly see on the chart below what the rate of the IQD was in 1972. Today Iraq’s economy is actually much better and pumping more oil now than in 1972. The price of oil is also staying at records high today while in 1972 oil was very low. This article only gives us yet more proof that the rate of the IQD is being artificially manipulated.
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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... RON *** Mnt Goat Status of the RV...has not changed. The central bank of Iraq (CBI) still intends to conduct the project to delete the zeros as soon as there is stability in the government...Remember the project to delete the zeros is the next step. The needed financial reforms are complete except for some much needed laws to better control the independent banks operating in Iraq...I assure you just have faith and hang in since it is coming! *** Samson Article: "The Iraqi parliament fails for the third time to hold a session to elect the president of the republic" *** Mark ...if Iraq goes with the NEER (Nominal Effective Exchange Rate)...the rate will float. Right now we are hearing that if Iraq does go with the NEER the rate will be about $1.60. This can be used if Iraq gets tired of waiting for the GCR... They want the full amount of over $3.22 but may settle for the lower NEER rate to float if they have to.
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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... RON *** David M. Witty Iraqi Parliament decides to delay election of new president of the republic and forming a new government until Monday... *** Mark In Iraq today…Parliament did not choose a President. They were 18 members short from being able to hold that vote. They have postponed it until Monday…But, what they did do today was enormous…one of the biggest pieces we have been waiting for…They announced the names and the members and officially put the finance committee together so they can execute the white papers…even though we did not get the President we were hoping for …we got something bigger…We got the Finance Committee. They announced them early this morning and then sat them. We have been waiting for this and now it is done. I was explained by someone inside of Iraq that is familiar with how the process works…that now they execute the white papers.
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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... RON *** Sandy Ingram Iraq exported 15.43% of its oil to 6 European countries during the month of February. Turkey 9.1 MB, Italy 5.1 MB, Greece 4.25 MB, Netherlands 2.05 MB and France 1.01 MB... as investors in the Iraqi Dinar we are hopeful these oil relationships and transactions will continue regardless of the outcome of the disruption in Russia and the Ukraine... *** Godlover Security & stability will come from a new seated government. I do agree, as everyone likely does, that the NSCN's will not work with a program rate. I wish I could believe the NSCN's had been printed & the training has happened & continues, but I have not seen any evidence of this. Certainly the opening of the 2022 budget will prove one way or the other.
