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Showing results for tags 'opinion'.
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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 Article: "Al Sudani's adviser rules out removing three zeros from the currency" Saleh...he's not lying. The government isn't looking to remove the zeros. It's not the government's job. So he's not lying. 1310 will not work going into this new economy that they're going to be rebuilding. It's impossible to keep having an exchange rate at 1310 because as he says, it's reached trillions and it's not easy anymore. It will be astronomical. Please pay attention. They're bringing value to their currency. It's really coming together quite quickly.
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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 Anybody that thinks this is going to be a lop has got to be flat-out loco. They're not going to be able to fund all their processes at 1310/1320. There's no inflation. They've got it covered. They've been working on this for years. It's a bullish time to paying attention to what you own. Put the lop to bed.
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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 Article Quote: “that the government is demanding guarantees for non – substituent currency back to the markets”. This means the reinstatement back to the FOREX trading markets. The CBI wants guarantees that once they begin the process of the Project to Delete the Zeros, it will go all the way to the reinstatement. So is this not what my CBI contact also told us?
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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 Dr. Jan Halper-Hayes I still get a lot of questions from people: "When is something going to happen? Why is it moving along so slowly?" Murphy's law said anything that can go wrong, will. That's life. We do need the financial re-val to happen. There were documents that were going to go into law, went to a committee in Iraq, and some people decided to change some things. When it got back to the final decision making group they identified these things were snuck in. They sent the process back to the start. That's life, that happens. When Iraq gets their act together, they get to be back on the financial markets and their currency can trade. Breitling Iran...It's all tied to that. We're going to start punishing Iraq for being influenced too much. When they support groups and those groups are using financial institutions inside of Iraq to laundry money and to get U.S. dollars, we're going to make them pay. Put your big boy pants on because this is reality. This is what's happening. They [Iraq] can turn it around but right now I'm neutral. I don't know how this is going to turn out. I just don't. Clare Article: "US Treasury places Khamis Al-Khanjar on sanctions list" Quote: "The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited." Militia Man People are getting spanked. They're getting in trouble. They're shutting things down. Bank managers are getting banned from working. If you've been found to be corrupt they're going after you. If you don't play by the rules you're going to have some problems. The Untied States Treasury has a whole floor of the central bank. International compliance is important. If you're money laundering, counterfeiting, supporting terrorist, they got your number.
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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 WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This, as I am told, is from the pressure of the Feds and the US Treasury. As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.
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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 Article quote: "Prime Minister advisor for financial affairs Dr Muhammad believes in the midst of the changes in the international commercial and financial space Iraq has moved to important organization levels in the transition to a market economy...which allows foreign banks to operate in Iraq and allows the transfer of capital and currency." That statement right there to me is massive.🙏 -
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 Breitling You need to put your big boy pants on... Article: "US Federal Reserve adopt a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels." They're talking about the policies that are coming up will threaten the dinar. There's a couple reasons for it. The idea that Hezbollah wants to put its headquarters in Baghdad, it doesn't matter if they do it or they don't, the idea that people in Iraq support that - It's too pro-Iranian. It's too pro anti-American markets. So they're going to be punished for it.
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Tuesday Afternoon Pimpy's Opinion @ 5:10 PM MDT - 7/30/2024
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 Pimpy Once a country re-denominates, they don't just recognize the re-denomination in country. It's recognized throughout the world. Does it make sense that they're going to have a different rate exchange in Iraq instead of out? Do you really believe that's going to happen? The poor people in Iraq are going to be like, wait a minute. I'm changing 1,000s and all you give me is one new Iraq dinar note, only worth $3.21? In the meantime if I just went on a trip to the United States, they would exchange my old bank notes with the current exchange rate with the zeros on there giving me millions of dollars? [Post 1 of 2] Pimpy Does that make sense to you? No! Once the re-denomination takes place it's worldwide. You might still have the old notes, but you're not going to be able to exchange 1,000 dinars times a $3.22 rate. That's not what happens. They make the conversion to the new Iraqi denomination. So if you bring them a 1,000..it's not 1,000 anymore, it's only 1dinar. Then time the exchange rate of $3.22. Here you go sir/ma'am, here's your $3.22. Just use a little common sense. You would have this huge rush of people coming out of Iraq with their currency with all the zeros going to the United States and swapping it and becoming millionaires and then going back in their country and buying the new bank notes with their millions of dollars. Does that make sense? [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 Samson Article: "The US Federal Reserve adopts a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels" Jeff Iraq is talking out of both sides of their mouth. From one side they're saying, nope we have no intention of revaluing. On the other side they're saying, heck yeah we have full intentions of revaluing.
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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 Project to Delete the Zeros and the Dr Shabibi plan was developed by the CBI and the IMF. It is a sound plan and they told they will execute it “when the conditions are right”. The three zero notes are not being obsoleted after the deadline in Iraq is over to turn them in. These notes will be used for “interbanking of international transactions” where large sums of cash must be transferred. The CBI told us this many times in articles. The CBI did tell us there will “probably” be at least a 10 year use of these notes by the banks for this purpose. Yes, eventually these notes will become obsoleted, but we will be way out of this and exchanged by then.
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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 SkyWalker Remember in 2003 when the old Swiss dinars were being exchanged for the new and current Iraqi dinar. The U.S. Army transported and distributed the currency throughout Iraq. The outgoing Swiss currency did not have three zeros. The new Iraqi dinar had three extra zeros because it lost value. Because Iraq was post invasion and the nation had no industries or other methods to sustain its economies. That is why the dollar was brought into Iraq by the U.S. government as a means to keep the Iraqi economy alive. Now, the situation has changed and through monetary policies the nation can justify restoring the value of the Iraqi dinar. Inflationary zeros were added to the notes back in 2003 by the U.S. government that paid for the printing of the Iraqi dinar. Now, the inflationary zeros will be removed because the government has met the requirements of the CBI.
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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 US Federal Reserve adopts a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels" Quote: "The Federal Bank has detected political influences from the Iraqi government. The US Federal Reserve will not be able to wait forever, and it is expected that there will be federal measures that may occur at any moment, and there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the Iraqi banking system, the Iraqi economy and the official political system."🙏 Frank26 A lot of people get confused. It's like stepping in quicksand. You see, the lifting of the zeros from the exchange rate is a little different from the lifting of the three zeros from the currency, fiat, physical.
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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 Walkingstick All the sales of oil are now in Iraqi dinars and no longer in American dollars. The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use. No foreign currency. Nobody stealing foreign currency or their currency. Security and stability is because of the control Sudani has. Samson Article: "Parliament announces completion of requirements for legislation of the Industrial Investment Law"
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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 Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open... the final issues preventing the reinstatement are being dealt with one by one...It is June already and this month is proving to be a very significant month again...my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.
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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 Article: "DETAILS OF THE MEMORANDUM OF UNDERSTANDING SIGNED BETWEEN IRAQ AND HONEYWELL OF AMERICA" Quote:“The memorandum that was signed aims to develop projects for developing refineries...noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to raise financial returns and thus support the national economy.” Folks, they just told us they will be expanding their oil capacity. Iraq will also be selling these refined oil products to the rest of the middle east and probably Europe and the US. How much more revenue will Iraq generate before they finally give us the new rate? Yes, there is a plan in place... all the signs are pointing now to much, much sooner than later. I certainly hope its June...
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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 Iraq...when ready, they will drop the three zeros and give the citizens so many days to turn them in the old three zero notes for exchange of the new lower currency denominations. This exchange will most likely be electronic. It will be a 1:1 exchange but not like many think. I DO NOT mean one dollar for one dinar. I mean, for instance, a 25k note for a new 25 note. This is the 1:1 the CBI has talked about many times. Yes, the dinar may revalue first in-country to just over a dollar, but this is still not what the CBI meant by 1:1 in the past...the VALUE of the dinar has always been there; only when they drop the three zeros it becomes more manageable and nominal. The VALUE is still the same.
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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 The third phase of the monetary reform is being introduced... There are 7 parts to Phase 3... Article:"They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform" Quote: "...include the ability to issue medium and long-term securities... increase gold reserves and offer new issuance of high quality currency." It doesn't get any better than that.
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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: Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time. They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news. FRANK: The monetary reform education to you citizens will get very loud...
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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 If you raise the value of the currency it's going to have a ripple effect... Instead of being a pebble or a brick in the pond this might be a boulder. There's going to be some waves. The World Bank, IMF, US Fed, US Treasury...Bank of International Settlements, everybody's going to need to know what you're going to do and when you're going to do it and pretty close. They're not going to be broadcasting it like everybody thinks, 'What's the date and what's the rate?' That's not how it works. But we study it close enough to where we can see it can't be far off...
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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: "Are the lower notes out yet?" You would know it if they're out, the whole would would know it instantly. So,no..! Samson Article: ”Economic: Protecting banks and exchange companies from sanctions is the most important file for the Central Bank" And Now, Mark's latest MarkZ I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT 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 Yada ...this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves. And the non-revenue income that will decrease Iraq dependence on oil from 95% to about 55%. Just one rate adjustment will have this impact.
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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 Question: "What are the proper notes to hold for investment purposes?" Any of the currency is okay to hold at the moment so there's no specific denomination. If they do delete the zeros or they re-denominate they're going to have whole new currencies. That's why there's no rush to try to find lower denominations because they're going to replace all of them including the lower ones. But there is a possibility that they don't re-denominate and we get lucky and they change the exchange rate and keep the zeros on the currency. Militia Man Article: "Iraq, US to form joint team to address sanctions on Iraqi banks" Central Bank Governor Al-Alaq has worked for concessions for and on the behalf of Iraqi Banks to the UST with regard to current sanctions imposed on them.
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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 Iraqi dinar is pegged to the US dollar. If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar? ...No, you just don't do it. You have to weigh the pros and the cons of it. Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that...Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value?
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram We are not living a pipe-dream. The IQD and the VND investments are real...Iraq is a small wealthy country...with gold reserves, oil and $100 billion in cash reserve. They are making serious effort...It is safe to say that an appreciation of $0.10 or even $1.00 to 1 Iraqi dinar is not out of the question.
