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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... RON *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are here at the bank with our friend. He says...the CBI this week had meeting all week with chartered banks [about what..?] the process of deleting the zeros and a rate change. He knows this for a fact but he's not sure when. Looks to be in early 2022. The CBI is working behind the scenes and getting things lined up for possible rate change. FRANK: Everything is happening in the early part of 2022... I'm hoping Frank & Firefly are right...I'm ready for this to be over..! 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 *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: It turns out the Federal Courts have dismissed the appeal. FRANK: Good! What happened was the Iranian influence jerks said 'No, we'd like to protest the elections...' Federal courts what do you say about that? '...throw it out of court. It's a bunch of kaka.' FIREFLY: Says that the election was fair and it sets a date for the first meeting of the new Parliament...it should be from the 10th to the 15th of January. Hopefully they will agree to form the GOI, and they can get about doing the business of the Iraqi people, the UN will remove Iraq from Article VII and Iraq will move to Article VIII, then hopefully the CBI will implement the currency value change everyone is waiting for. 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 *** Mnt Goat The news this period is all about the announcement of the election winners from the October elections in Iraq...The judiciary this week has told us they have rejected claims of any misdoing in the elections...So, Iraq is now on its way with a new government and I totally believe Al-Kazemi will have a second term as the prime minister...The reinstatement of the currency is within this timing also as it is optimal to do it at the beginning the new fiscal year. Currently we heard they are doing audits and budget reconciliations/ adjustments going back to 2003, something they have never done and we knew this would be a signal to us that they are serious about the reinstatement. WOW..!
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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 Iraq's federal court ratified the election results today. There was no basis of any fraud. So now hopefully they can move forward and form a new government soon. Wow..! A positive post from Kaperoni..!
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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 I said when you pay off Kuwait that equals the float...you have seen many articles that are telling that they want to return them back to the 'glory days'. The 'Glory Days' is the REER. The glory day that they are returning their currency back to is the REER. Therefor that's why the education is now teaching them that their currency is not fixed. It's about to float because it has to reach the Real Effective Exchange Rate for their country...IMO the next thing that they're going to show them is the new small category notes in a sheet form and then after that float the currency...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "For the sake of the banking system..Kuwait: Iraq handed over the last batch of compensation before it was due" Kuwait had to be paid off..compensated with economic reform and return their dead... Quote: "re-integrate the Iraq banking system with the global banking system." Bingo! What they did is they combined the Iraqi banks with the banks around the world... I told you [Guru] Walkingstick's friend came to do this to his private bank in the United States...because of the fact that the Iraqi banks are now internationally recognized the Iraqi currency is about to float...
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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 *** MilitiaMan Article: "The International Coalition : We no longer have combat forces in Iraq" Add this to the equation… No combat forces, done early. Kuwait paid in full, early. Digital platforms noted by the CBI, early. Thus, the next move is expected and that is move to a market economy. That will require an international exchange rate...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 *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: The CBI governor is on television right now he just said that the reserves for the CBI are high enough now to produce stability in the exchange rate. FRANK26: BINGO! The program rate has nothing to do with stability...Stop and think about this...those reserves are not based on the program rate those reserves are based on the education they've been telling them - the new small category notes, the new denominations, the new exchange rate.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** MilitiaMan Article: "Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates" Quote: “the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments.” What Salih is telling us/them is that they have enough hard currency and foreign currencies to support and defend their exchange rate through open market operations with ease and flexibility. Key word is “OPEN”!!!. Meaning global markets... 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 ** Kaperoni ** Fitch the credit agency stated in the media today they expect Iraq 's economic growth to go up by over 8.1% in 2022. This is so significant. This is a "WOW..!" coming from Kaperoni ... 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 *** Newshound Pimpy *** I don't think there's going to be any RI or RV called by this weekend. I know you guys are being told that on many sites. I could be wrong. We'll see. But if that's the case, we know know that the United Nations has to go ahead and fully pull Iraq out of Chapter 7. They could do it all at one time that's always possible...but, there's no indication that the rate is going to change by this weekend...there's no evidence or proof out there at all. Having said that, that doesn't mean it's not going to happen, it's just not going to happen by this weekend...But it obviously does look like they're attempting to do something very shortly with the Iraq 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 ** Frank26 ** PSSSST: ...ANY NEGATIVE HUMANS OUT THERE...BEHOLD: Article quote: "In the face of speculations and warnings posed by international monetary institutions, regarding the Iraqi economy, the Central Bank had accumulated cash reserves of hard currency to 64 billion dollars, which makes it able to influence exchange rates and provide a comfortably stable economic environment."
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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 ** Newshound Pimpy ** I'm watching some interesting wording in some of these articles that make you go, man!? ...I keep telling people it's going to go up in increments but a lot of these articles appear to be pointing at an RI or an RV and trust me when I tell you I don't say that lightly because I don't fall for that. I think they're going up in increments... Article: "The central bank reserves jump to 64 billion dollars and an important US decision is awaited by Iraq" This is one of those articles...which gives you the impression that they're definitely going to do some type of RI or RV. One of the things that helps strengthen the currency is your foreign reserves. How much you have does play a big part of it... Quote: "an important U.S decision is awaited by Iraq." Like the removal of Chapter 7 hopefully? This is huge for the international reserves. That's a big amount of money.
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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 ** BobTheTaxMan ** [Q? : What is a taxable event?] Without tax planning these taxable events can completely rob you of your financial security. If you end up losing 40% to 50% of your gain you know you just shot a great big hole in your financial boat..It's not necessary at all...Here's the scenario - ...The announcement has been made. You run to the bank and you exchange [Your IQD] right there. You get it in dollars and you get it immediately (you may also have to wait if it is a significant amount). What that does because it went...from the bank to your hand, that was a taxable event. Therefore you're exposed it to ordinary income taxes - the highest rates possible...So you need to plan ahead and have a strategy. [NOTE: Consult your tax professionals at the appropriate time to determine the correct tax for your unique exchange strategy]
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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 Article: "ECONOMIST: OIL PRICES WILL RISE TO $100 .. AND THE 2022 BUDGET MUST BE A QUALITATIVE BUDGET THAT MATCHES THE EXPECTED HIGH REVENUES" I will add that if oil prices rise to $100 we may very well see the IQD rate initially at over $5. That would be wonderful, but it will definitely NOT come out at anywhere near that value, even if oil is at $100/bbl. The Goat is dreaming...IMO..! 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 *** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: The CBI governor is on the news with the British Banking leader. He's saying Iraq has allowed the British banks to open inside of Iraq to help facilitate trade between the two countries. Then the CBI governor said this new bank from Britain is just one example of many opening up across our border and the fact that we now have taxes that we collect and that we now have customs that we collect because all of this was needed for the white papers and the economic reform...the Finance Minister is on the news...he says that Iraq needs to review the exchange rate in early 2022 in order to make the white papers reach the maximum effectiveness. FRANK: All of these things they're telling is just to prepare you for your new exchange rate and your new small category notes...
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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 We're just waiting for the courts to ratify the election so that Sadr could continue working on developing this government. So, so far so good. It's looking like things are falling into place. We really want to see Al-Kazemi in there. I'd love to see him continue to do the great work that he's doing and do what it takes to make sure that Iraq is back on track and their people are prospering. ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] Firefly: They just told us all foreign troops including the United States of America troops will all be gone from Iraq... They told us the reason why everyone's leaving is because we have full sovereignty. FRANK: Wow..! Stop and think about it the only way that you could raise the value of your currency is if you had security and stability. We talked about it...Dr. Shabibi talked about it... -
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 Article: "THE MINISTER OF FINANCE REVEALS THE POSITION OF THE INTERNATIONAL COMMUNITY ON CHANGING THE PRICE OF THE DOLLAR AND PROMISES ABOUT THE 2022 BUDGET" Everything I am hearing and seeing in the news from Iraq is now telling me that there is a very good opportunity to reinstate the dinar in early 2022 with possibly the project to delete the zeros in mid to late December 2021. Yes, it is looking real good..!
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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 ** [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: The finance minister is on our television and he's saying positive signs of currency adjustment are now shown in the budget and in the white papers...and the '22 budget will reveal the support of this. FRANK: It's important...that you understand...the governor of the CBI tells the Iraqi citizens the monetary reform is complete. Now he comes out the next day of when they're going to do the 'pros and cons' of why they're going to do the monetary reform...and he says the currency adjustment that we've made is now showing and the only place that could be showing is in the budget. He says the '22 budget will reveal and support this...I'm all for 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... RON ** Pimpy ** When the revaluation or the reinstatement happens it'll be announced. You'll hear about it. Before you can even do anything you have to wait until the restrictions are lifted off the banks for you to go ahead and go in there and exchange your currency. There are some steps that have to be taken first and foremost. I would imaging your biggest clue would be if a bank starts all of a sudden allowing you to purchase and sell Iraqi dinar - something must be getting ready to happen - because right now there's a restriction on the dinar. Most all banks will not buy it, will not sell it. I do believe Chase Banks are an exception. They will buy it at the current rate but that's it. Plus exchange fees "if" they actually buy them. 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 *** Pimpy We're still waiting to hear the results of the election and audits. Then we're going to wait for the new formation of the government. Then the United States is going to be leaving Iraq. These are all major things. As long as some big huge terrorist group doesn't go in there and overrun the country like we see in Afghanistan then we should be fine. Iraq will be getting their sovereignty back. They keep rebuilding their country. Keep investing in the private sectors, get away from oil dependency and stick to the reform papers because obviously it is working. As time goes on we're going to see the dinar IMO go up in increments. I know everybody's expecting an overnight RV or RI I'm not saying that's not going to happen but most likely what's going to happen is you'll see the dinar go up in increments.
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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 *** Article: "FOREIGN MINISTER: THE MOVEMENT TO FORM THE NEW GOVERNMENT WILL START WITHIN A FEW DAYS" I firmly believe this is the SECURITY and STABILITY they need now to move ahead with the currency reform. Folks...we are almost there…. Get that bottle of Champaign in the frig… The good news just continues and continues…it could not get any better. Except the actual announcement of a significant value increase...! 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 ** Pimpy ** Article: "World Bank: Iraq's Economic Growth is Gradually Recovering" That's good for us - for those of us who hold on to the dinar that's what you want to hear. You want to see recovery in the economy...strong economy means a strong dinar. Strong dinar means a better exchange rate.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 *** The execution of a strategy...we are in the final countdown and to see the international world reacting to Iraq the way they're doing right now - why didn't they do it last year? Why didn't they do it 10 years ago? 20 years ago? Because the conditions were not for what is happening now. There's security and stability. There's actually a government that is being run by good leaders - Kazemi - and the central bank has been cleaned up...
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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 ** Article: "BAGHDAD SENDS MORE THAN TWO BILLION DINARS IN FINANCIAL DUES TO THE KURDISTAN REGION" So, the CBI sent payments to the Kurdistan region. Remember what I said that if they do this they will have to make these so-called loaded ATMs available to use. How can they use them if they are all filled with the lower of the lower denominations... So there is now a showdown coming. ...are they really going to distribute the lower denominations? We will see..!
