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  1. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man This next week there's supposedly a formal and historic meeting with the WTO and Iraq on the basis of accession. They told us it was going to be formal and historic. Frank26 Question: "Is this going to be a capital gain?" A lot of people desperately do not want to pay taxes. I believe they live in this world they create where taxes never exist. I'm sorry, if you honestly think you're going to be able to get involved in this and exchange this currency, that's called a capital gains, without having to pay any taxes you're delusional. Yes you're going to pay taxes, that's why it's important to have a receipt... held for one year you'll probably be in the 20% tax bracket. if you don't have a receipt, you lost it, you'll probably be in the 40%. Biden just said a couple days ago he wants to increase those taxes over 50% capital gains. [Note: Consult your tax professional at the appropriate time to determine the right tax for your unique circumstances.] Buckeyetree ...Much progress has been made from the USA trip by Sudani in April, the technology with fiber optics, electronic banking, using only the dinar, foreign contracts with huge projects, the ATMs, and the HCL practically done with Barzani in agreement for the goal not to be now counted in days rather than weeks and months. The cherry on top would be securing the Speaker of the HOR and ascension to the WTO on July 18. Clare Article: "Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks" Quote: "Nelson praised, 'the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces."
  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 Sandy Ingram There is a high demand for US dollars in countries like Iran and Syria where local currencies have significantly devalued. Entities in these countries are desperate to obtain... physical dollars ...because they are accepted everywhere and impossible to trace...Iran and Syria find it more feasible to obtain dollars from Iraq. The Iraqi market offers cheaper source of dollars...which impacts Iraq's exchange rate dynamics by increasing the pressure on its currency system and contributing to dual exchange rates. Pimpy Article: "The stability of the exchange rate of the dinar against the dollar is real and firm" This is one of those big steps we have been looking forward to, which is stability of the currency. We've talked about these a billion times - the country... government... economy and currency has to be stable. Outside of a little back and forth with the government they seem to be doing pretty good everywhere else. Good job Iraq. They are now at a place in their country where the parallel market is not affecting the overall prices of their goods and services. Militia Man Ceasing the dollar auctions as we know it. Monday is supposed to be the first day they're going to have a new mechanism for using the dollar and selling that dollar. People are going to have to play by the rules and be part of that FITR platform. We have to go from there to see...
  3. 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 [Q? : Is the goal of the CBI for the Iraqi dinar exchange rate to go international? Is that the goal of the monetary reform?] No. It's to RI.. The goal is not to send it to you internationally so you can make money off of their currency. The goal of the monetary reform of the Iraqi dinar is to lift the value of the currency by removing at least three zeros from their exchange rate. In doing so, then their monetary reform will require another reform, which is the denominations, the lower notes.
  4. 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 Slow down! Chew your food. You don't have to be a doberman pinscher and swallow your food whole. Slow down. When the float starts you have to want it, you have to study it. You have to time it. You have to know when to hold'm and when to fold'm. Samson Article: ”WTO Working Party Meeting July 18th after 16 years" Walkingstick [The budget] contains the exchange rate for everything that needs it. Militia Man They haven't started oil pumping and you have to ask yourself, why? Because they need revaluation for that and I think that's what we're waiting for. Is that some sort of delay? I don't think so. I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.
  5. 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: "Source: Iraq's Central Bank Governor in unannounced visit to US to discuss Yuan ban" Quote: "al-Allaq departed for Washington last Tuesday to meet with officials from the Federal Reserve and the US Treasury Department." Frank26 How many times have I said to you the moment you see the HCL within nanoseconds you'll see the new exchange rate? It's just like saying ladies and gentlemen you're about to see the new lower notes. Well then you're also going to see the new exchange rate. They both go hand in hand. Samson Article "Sources: The governor of the Central Bank of Iraq made an unannounced visit to Washington on the Chinese yuan"
  6. 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 In talking to my CBI contact ...I was told there is a master plan they are following to get to the reinstatement. The point that was made to me is that the IQD should already be reinstated, if nothing else to what it was prior to 1990, then to let it float and the market will drive it like any other foreign currency that is traded. Frank26 It [the new dinar exchange rate] will be well known. It will not be hidden at all. The moment it is released, boom! Where will you know it instantly that it's released? Forex? No. You will know first on www.CBI.org then they will sent it to the brokers to Forex.
  7. 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 This is big... Article Quote: "According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq's economy. This marks a substantial rise from...2023 when transactions were around $50 million per day." That's a huge increase of $150 million. This is right on par with Iraq's economy but the fact that the transactions have increased is a big plus for people investing in Iraq dinar.. [Post 1 of 2] Pimpy Article quote: "The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar. Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored by regulatory authorities. This increase in confidence can contribute to a greater stability in the foreign exchange market for Iraq dinar...Higher levels of activity transactions being reported on the FITR platform can indicate a vibrant and active economy. A robust economy often translates to a stronger currency value as investors are more willing to hold the asset denominated in that currency." ... This is good news but again you guys stay grounded. Stand by. Every day there's more and more good news coming out of Iraq... This is great news. [Post 2 of 2] Frank26 The FITR...it's a transaction activity platform that's interesting because they are exchanging and trading funds that come under the category of cross currency swapping and they are including now the Iraqi dinar. Why would you Mr. Country whoever-you-are, why would you want to be involved with the Iraqi dinar? Why would you want to do any type of transaction activity with the FITR when you're dealing with a currency that has no value? Obviously there is a value. Obviously they know more than we know. This currency swapping is a very very significant thing.
  8. 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: "Iraqi-American talks on the exchange rate of the dinar against the dollar" Jeff Some of you have said that parliament has nothing to do with this [the budget]...It actually does because they unconstitutionally approved the budget and the budget's approval has everything to do with it. That's the piece to the puzzle that is not understood. Article"Parliamentary law challenges the 2024 budget tables" Parliament can only review and approve laws. It was parliament that did these amendments making their steps or actions of approving the budget unconstitutional. The courts possibly next week around Wednesday/Thursday declaring the budget itself as unconstitutional and overturning its approval. Sandy Ingram When you invest [your dinar profits], more than likely your financial advisor is going to recommend business ventures that will create a cash flow to uphold your lifestyle. If it takes a moment or two to generate income from your investments, keep working people until it happens. You don't want to live off of your initial investments. [Note: Consult your financial advisors and APPs at the appropriate time to find the right investments for your unique circumstances and lifestyle.] Pimpy Oh, this is big news right here, look at this, Article "Iraq's non-oil revenues reach 11% for the first time" Been talking about this for the longest time. This has got to increase. It's usually around 4%...Yah! Pee-pee dance! Finally we're starting to see some movement. Frank26 [Response to Walkingstick's post below] If the citizens are asking questions about the monetary reform and they're answering their questions should not the evidence of those answers be given to them soon, rather quickly? You may think this was a random act [Announcing to the Iraqi citizens, you have a new currency coming.], I think it was clever. {Reposted} Walkingstick [Iraqi bank friend Aki update] Aki...wanted to report there is a big run on the banks of Iraq right now by the Iraqi citizens. They're pouring into the banks. It's not happening in Aki's bank [Which is in Michigan] it's happening over in Iraq. What's going on is it was, last Tuesday, they announced to the Iraqi citizens, you have a new currency coming. So all of a sudden people started pouring in the following day on Wednesday and Thursday...'We are giving you a new currency,' is what triggered this.
  9. 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: "Customs revenues amount to nearly one trillion dinars in the first half of 2024" Jeff Article: "The 2024 budget will be returned to the House of Representatives and the reason is revealed" Iraq approved their budget on Monday June 3rd. I've known since June 4th Tuesday that the budget was unconstitutional...I've stayed quiet since then, to let the news catch up. I knew this immediately was unconstitutional. I knew it was going to get overturned by the court, the whole time. Now you're witnessing it. The news is finally, a month and a half later, catching up. That's how far ahead we are.
  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 Community Comment: "I don’t understand how the budget can be sent back to Parliament when the President signed and sent it to the Gazette for publishing." Article: "A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed” THE AMENDMENTS NEVER GOT PUBLISHED IN THE GAZETTE YET. Samson Article: "CUSTOMS REVENUES AMOUNT TO NEARLY ONE TRILLION DINARS IN THE FIRST HALF OF 2024" Frank26 Question: "With the currency economy would you keep some of the IQD, it not exchange it all.?" This is something you have to decide. I can't tell you what to do. My intentions are to take about 10% of what I got & exchange it. Because that'll help me establish and get myself where I want to be. The other 90% I'm going to watch the float. As it goes upward, I'll probably take another 10% and cash it out at, maybe it's at $2.00 by then. If it ever reaches the reinstatement $3.22 I might be tempted to move an awful lot of it because after that it's looking for a cap and that cap might be $3.22, it might be in the $4.00 range. I don't know. That's the sequence I'm going to follow. 10%, 10% then eventually when it feels that it's time to move it all, we do it. [Note: Consult your financial advisor to create an exchange plan that fits your unique financial circumstances.] MarkZ I need to be very careful with what I can share. I will say that things are very upbeat. The banking system in Iraq is exceptional now; its better then what it was before the rate was reduced (2003?) They did not have this level of banking security in Iraq- even when the rate was $3+ USD per dinar. This is all over their news. Henig Tweet from From the Director of the Accessions Division of the WTO: #Iraq's Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting w/Baghdad's team in advance of their arrival in GVA. Glad to see their readiness & excitement for this historic meeting. Grateful for the dedication & hard work of the Iraqi team. Pimpy Article: "Nearly one trillion dinars of customs revenues in the first half of 2024" This article is really good news as we are aware Iraq has to diversify their income right now. They rely way too much on oil sales so they have to find alternatives to that. Customs is one of those alternatives. It is generating a lot of income for Iraq. This is exactly what we want to see Iraq do, work on budding those alternative revenues for Iraq. This is a big help...
  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 Samson Article: "A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed" Frank26 I strongly believe they are preparing you [Iraqi citizens] for a fixed international rate along with your inner fixed rate! What's this Inner Fixed Rate Frankie - a Dinar IS a Dinar..! MarkZ Article: “Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets. And we continue to hear they need to raise their currency…as it is under valued.
  12. 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: "Foreign Minister arrives in Washington" Quote: "Foreign Minister Fuad Hussein arrived in Washington today, Wednesday, to participate in the 2024 NATO Summit." Frank26 The moment the value goes up where is the Iraqi dinar, where is that exchange rate going internationally? ...Forex. It's going to the community that is starving for this currency...In doing so the value will go up in what's called a float. Nader From The Mid East What's going on in Iraq is really really good. Last month you see me talking about this month, about July. I said from now to July 8th you'll get some good news and that's exactly what happened. You see every proof of possibility to revalue or reinstate. I think it's reinstatement more than revaluation. Pimpy The IQD is not officially trading on the Forex right now because it's part of their punishment, but it's listed there because they had a pairing at one time just like the [Venezuela] Bolivar...Once they've been paired before, even though they're in trouble and they might not be officially trading on the Forex, they're still listed as trading 1 to 1. That doesn't mean that's what's happening, it's like a placeholder. Think of it as a book-marker. They're not officially trading at 1 to 1...A book-marker, that's all it is...When the time comes and they start trading on the Forex again...they're already set up and can start trading right away. That's the same with all currency exchange websites. Militia Man The Central Bank...is probably telling people [exchange companies], if you don't do this [play by the rules] you're going to have a big problem...Those 1200 entities that were talking about going on strike got a reality check. Because could you imagine holding massive amounts of US dollars when you could be holding dinar and they change the value of the currency to show their purchasing power when they drop the three zeros? It's going to bring value. It's not a lop like a lot of people keep thinking...It doesn't bring any value. A lop is like a reverse split. It's silly. Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend said he heard in the rumor mill that we should revalue in country just above the dollar then we will see the launch of the deletion of the zeros and in a short time we should see the dinar on Forex. When it goes to Forex the dinar will float and probably close to a controlled float... This is nothing from the top, it's just the word around our banking friends/ employees. We could be wrong but we feel something close to this will happen. FRANK: All rumors originate from a source of truth. It's just exaggerated after that but all rumors originate from a source of truth... Mnt Goat ...two main issues concerning the monetary policy... The first issue is about the cash outside of the banking system... that the percentage of cash outside the banking system reached 91%... they already told us they have plan to retrieve this money... as investors in the dinar... part of the 91% also includes our dinars. They told us this money is desperately needed in the banks...But how will they get ours, as investors? So, the answer is...the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in. Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations. [Post 1 of 2] Mnt Goat The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase... there is not really much going on in the currency reform process... to indicate that the 3rd phase is started...One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan. [Post 2 of 2] MarkZ The chatter really is great right now... They [Iraq] told us they plan to activate and distribute the lower denominations in the month of July. We do expect some big announcements around the 19th of July. We know they plan on the HCL hydrocarbon laws settled in the month of July and we know they are presently in meetings with the US state department and military to set up the withdrawal of US forces... The US will still have bases there but will not participate in policing Iraq. This is one of the necessary keys to them reinstating their currency.
  13. 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 The IQD Wait: What's Taking So Long? The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar's increasing value. Iraq's economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since. Nader From The Mid East Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good. I can say we are very close. Pimpy The IMF can't force countries to do a specific exchange rate. They can have input. They can talk to a county about their exchange rate but each country is sovereign. They're independent. No organization, whether it's IMF, World Bank, WTO, can force a country to use a certain exchange rate... Frank26 I think Sudani is in control of the monetary reform. I think he has security and stability and I think the international world knows it. I think all the three letter agencies are in cahoots with the CBI & GOI to go ahead and launch the new exchange rate...I think the exchange rate is either going to float at a fixed rate or it's going to float at a low rate then take some time to grow and be capped. If it's fixed at an RI rate then you know it's not going to float very much because the distance between $3.22 to where they want to cap it it's not that far and the demand will allow the gap to be reached very quickly. If it comes out at $3.22 you think I'm gonna wait around for a float? No. MarkZ Iraq has...paid off many of their loans. And Iraq has been very upfront (from finance contacts there) that they had planned to release the new rate in June. Now they plan on releasing it in the month of July. Also I have a government contact in Iraq who said “We have a new rate and will activate it soon” Clare Article: "Airlines set date to resume flights between Baghdad and Moscow”
  14. 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 Sudani made it very clear to the Iraqi citizens he was going to add value to their currency this year. We're talking about the year 2024. They go by a fiscal calendar...Iraq goes from January 1st to December 31st. Militia Man Probably shortly you'll find that Iraq is going to do something with their exchange rate to be IMO an IMF Article VIII complaint exchange rate that will be openly traded on Forex.
  15. 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: "During the float how much time will pass between each float as the amount increases?" We're looking at anywhere from 3 to 6 months. But if they are generous we may be looking from 6 months to a year. I pray that's the case because if they don't give us at least 3 months, if they give us one month, we're not going to be able to take advantage of the float. Pimpy Be careful of the hopium. I said this and I'll say it again, the value of the Iraqi dinar will increase but there's a possibility it might not happen the way you're being told... Militia Man Iraq has been and is seeking to join the World Trade Organization. Iraq is promoting self-sufficiency. Why? Because they have all kinds of assets. They have inputs and outputs. They have so many natural resources that they're going to be able to make things, to be able to have excess. There's a working party on accession of Iraq [into the WTO] on the 18th of July. That's important. Buckeyetree Article Quote: "The dollar system is a thing of the past." Sudani a while back told Iraqis to keep your dinars because the dinar will be stronger than the US dollar, that is, more valuable. IMO, so many will be affected in a good way from the reinstatement except for Iran and the politicians, no more stealing via the auctions which is a good reason not to delay further. IMO, the new lower notes with security features will be very pretty. Clare Article: "Iraq is the fifth largest economy in the Arab world and the 52nd largest economy in the world" Quote: "The magazine indicated that Iraq ranks fifth in the Arab world after Saudi Arabia, the Emirates, Egypt and Algeria." Frank26 The international community already has seen the new exchange rate. IMO the international community is satisfied and happy and anticipating for what is about to happen. It is not a secret.
  16. 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: Is there other states besides Michigan that will be involved in exchanging?" There will be many. IMO all 50 sates. I don't know about Alaska. Let's say all 48 states. A lot of counties all around the world will have these private banks. The CBI needs badly to collect the 3-zero notes. It's part of their maintaining of currency inflation... Pimpy Question: "Can someone please explain why Pimpy is in this? Does he or does he not believe in the RV? I'm Pimpy and I can answer that question. Do I believe the Iraqi dinar can revalue? Yes. I'm in this because I think the Iraqi dinar will revalue. As a matter of fact it's revealed a few times. MarkZ My contact in Iraq works in a government position. He has made the comment that they have a new rate, and will activate it soon. That comes directly from Iraq.{Rumor} I seriously doubt Mark has an Iraqi Gov't official as a contact. Besides, anyone in the know wouldn't pass on such information to an American rumor monger. Militia Man The electronic age is going to allow them to spend the money efficiently. And for what? The operational side of the budget and the investment side. That's one of the key things Sudani was waiting to be able to pay for. He said he launched this program and they said they got started in implementation phase as of the 1st of July. The investment portion of it has my concern because I think that's where we're going to be looking for the real effective exchange rate.
  17. 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: "The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq... Foreign currency covers more than 100% of the total currency issued." Even the trillions, they have enough reserves to do that. In other words if they change the exchange rate to something that's strong, that reflects the true fundamentals of the country, they shouldn't have any problem. Their model is stable, secure... very little inflation. They've been successful doing this model... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television was interviewing Sudani and asked him about the reforms and about the progress of the economy. He says we are stronger than ever and all projects are poised. He says the delete the zeros is still on the table as Iraq moves forward. FRANK: It's encouraging to see Suandi repeat once again the same words. That means you're about to see it. He says the project is still alive. I'm excited that they talked about a fixed rate rate verses a float. They could float at a fixed rate and cap it very quickly. I've got a feeling that's exactly what they're going to do. MarkZ [Reference Frank26 post 7-8-2024 re: HCL below] I will agree with that. And it certainly matches with some of the news I got from Iraq today. I was told from day one that when we see the HCL… within hours - we will see the new rate.
  18. 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 Community Comment: "The CBI is going to wait until they're forced to increase their purchasing power." No. The CBI is going to wait until it's necessary to increase the exchange rate. Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn't mean it's going to happen. They have to do what's right for the Iraqi people. MarkZ Question: Mark...did you state yesterday that Iraq has a new rate - just not released yet? That is what I was told. ????? By whom..?? I was told they have the rate, and they will activate it soon. Sandy Ingram Iraq has the the largest foreign currency reserves in the country's history. It has also amassed a small fortune in gold, and made significant strides in developing the country.
  19. 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 Kaperoni Article: "Securities Commission: The government has successfully completed the sale of financial bonds" Walkingstick The monetary reform is secured by the reserves. The reserves that back up the currency is the control that the CBI and Saleh is talking about when he says we have a strong exchange rate at 1320 because he can control it and he can change it at any time he wants. He's not just talking about what they know they have ...the billions and billions of dinar that were brought back but it also includes all the tapped sources and untapped sources, gold, phosphate, oil, diamonds, etc, etc, each one of these categories alone can support the monetary reform. Frank26 What do you get when you have the HCL? Nano seconds later the new exchange rate. The events you're seeing, the things that are happening right now, the alignment of many stars, of many events are only pointing in one direction, that there will be an announcement of a new exchange rate very soon to the Iraqi citizens. Fnu Lnu Community Comment: "Wealthy people invest their initial profits. he first person they hire is a financial advisor. The second is a tax professional" This is not what you do with your initial profits. What you do is construct a financial fortress by setting up an ASSET PROTECTION PLAN! Lawsuits, taxes, and probate, are the wealth killers. Failing to set up an asset protection plan will almost guarantee that you will be sued. There are people who make a living seeking out the wealthy and then suing them. The first person you seek out is an asset protection professional of which there are few. [Post 1 of 2] Fnu Lnu 1% of all attorneys hold themselves out as AP specialists. After the RV, they will be booked up solid for months. Your AP specialist will have the proper CPA's to maintenance your wealth protection structure. The average CPA doesn't even know how to file the proper forms for a Charitable Remainder Unitrust report for the IRS. So, hire your AP professional... stay away from Financial Advisors who push foolishness like Muni Bonds, IRA's, 401K's. Mutual Funds, and other worthless paper-based assets. Certified investors have access to high-yield investments the common folk do not. Those are your path to multi-generational wealth. [Post 2 of 2] MarkZ I’m expecting a lot of news throughout the week… I am expecting we will have an extremely busy 4-7 days right now. There are a number of groups with expectations for around the 12th. Everything appears to be lining up... I’m praying this is our week. I have extreme anticipation for this week. Pimpy July 18th is going to be good. They get to go there, meet with the World Trade Organization. There's going to be information and reforms and requests made by the WTO that they are going to hand off to Iraq. Iraq is going to go over there and drop off additional materials that was requested from the last meeting and ask questions to make sure their accession into the World Trade Organization continues to go as smoothly as possible. As far as the exchange rate is concerned, no it's not going to be brought up there because that's not the job of the WTO.
  20. 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 Saleh has been very vocal about...the exchange rate, inflation, their reserves. His positive tone has been very well accepted because this is his fourth one... the reason there's positivity is because of where we have been in the past and what has been transpiring ...What is different in the last year and half since Al Sudani arrived is amazing. It's immense. And the totality of it should have everybody pretty pumped because I see it as light at the end of the tunnel. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament demands, they are demanding on television that they want full control of the parallel market...and to prosecute the ones that are manipulating the dollar rate. What a joke. It's half of parliament who are the crooks that are doing this. They are the ones causing this mess. FRANK: They want to stop it because they know what Sudani has done already with the monetary reform of your currency because it's no secret and somewhere around the 14th we may see another move by Sudani. Parliament wants to be a pain and delay and cause problems, don't pay attention... Mnt Goat ...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it. MarkZ Article: “Unfolding structural economic transformation in Iraq” This article...is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate. [ REPOSTED ]
  21. 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 IMO this is an RI. They will reinstate that rate. I thought they would reach it at a cap but now they're talking about coming out right away with a fixed rate and that fixed rate might be $3.22 and then the float. That float should be very very small, very very quick because IMO it's going to reach the cap, boom! Very quickly. Pimpy Community comment: "July 18th is the next meeting [between WTO and Iraq], they need to RV before then" No they don't have to RV. People keep associating the RV with the accession into the World Trade Organization...The World Trade Organization doesn't deal with the exchange rate. They deal with the regulation and transparency of trade between countries. That's it. Militia Man Iraq has a project to delete the zeros. The delete the zeros hasn't happened yet. Iraq doesn't have an international acceptable tradable currency just yet... Samson Article: "Who is the new Iranian president, Masoud Pezeshkian?" Article: "Pezeshkian as Iran's President" Walkingstick If they float the dinar it will be in a very tight band. If it's a low rate, if it's a dollar then they'll float and it'll drive the rate up. But, if they come out at an RI, reinstatement of $3.22 and then the float, then they're going to have some serious very tight bands on the float. It will be monitored very closely. It will only allow it to be a plus or minus of 5%. It cannot go any further than that in the float. For example, don't let it get past maybe $3.50... They will cap it quickly... Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're back on TV and they're talking about the deletion of the 3-zeros...It was a segment of old newscast. The lifting of the 3-zeros was supposed to be done in 2011 and then it was supposed to be done in 2013, then 2016. Then they said it was also scheduled in 2017 and they talked about the lower notes and why they are going to be giving us these lower notes. It was a rebroadcast of old news story. FRANK: ...All of this is being explained to you right now because you are so close to receiving this blessing that Sudani promised. MarkZ Article: “Unfolding structural economic transformation in Iraq” This article is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate.
  22. 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 The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value. Pimpy Article Quote: "In the face of the strength of the official central exchange market the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in the stability of the general level of prices...due to the impact of the current dominant official exchange rate factor on the financing of foreign trade imports of 1300 per dollar." You guys aren't going to like this but what this guy is saying is they're very comfortable with the current exchange rate because it's very strong. It doesn't sound too much like they want to change it anytime soon. Militia Man Article: "Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank" It looks like Iraq's financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it. Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.
  23. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 This information of the monetary reform it's like a wildfire that's slowly growing and spreading. Clare Article: "Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad" Sandy Ingram Article: "JSC: The government has successfully completed the sale of securities" Quote: "The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed. This reflects the strength and stability of the State of Iraq." Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate. Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals. Pimpy Are you going to tell me July 18th is coming up Pimpy... They have to change the exchange rate in order to be a member of the World Trade Organization. As I explained before, Iraq has been a member of the World Trade Organization since 2004. They're just going through to re-qualify. That's it. The World Trade Organization has nothing to do with Iraq's official exchange rate. That has to do with the IMF and the World Bank. Just because they have a meeting on the 18th, that's just for them to go to the next step. The WTO has nothing to do with the exchange rate. Frank26 Question: "Do they have to pass the HCL before it RI's?" The HCL is already passed. The HCL has no need for anything. It sits there. Now, parliament is coming out and saying, we need to pass some laws in order for you to have the HCL and that might be.
  24. 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 If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will do just fine. The wealthy never never ever spend their bases or the foundation of their wealth. In your case this would be the profits from your Iraqi dinars. Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second is a tax professional to make sure Uncle Sam doesn't get large sums of their money. If you do anything else you are in the fast lane to going broke. Clare Article: Iraq announces the start of direct flights between Baghdad and Beijing" MarkZ I keep getting loaded up on the Rumor side …There is a lot going on and they are saying that we hit the banks sometime around July 12th. We will see what is accurate as we get closer… but my goodness, the enthusiasm from the banking side and the group side is nuts. It’s exciting but I don’t want it to be another let down. Frank26 Question: "Have the new smaller notes been revealed to the citizens of the public?" No. Walkingstick [Iraqi bank friend Aki update] The CBI board of directors decided...to hold meeting with only all of their executives of all their banks. These two or three meeting are going on. This is on the subject of the monetary reform, lower notes, exchange rate, budget. These next few days are going to be very silent. The press will not cover it. No one will know anything about it. They will suppress this information. This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move. Militia Man Key players are ready to get this thing done. It's a very good sign. I honestly believe we're watching history in the making. We're seeing progress like no other. If you're paying attention I think you guys should be really pumped and excited that things are happening.
  25. 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 Quote: "Saleh showed in the news that the fixed exchange rate system in Iraq is based on the international reserve base that is the highest in Iraq's history and monetary policy as their foreign currency covers more than 100% of its total currencies issued." I spoke about this before saying that the more Iraq has in foreign currency reserves the stronger its currency will be. Right now they're at the highest it's ever been. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on TV and his is saying...our reserves are strong and there's no problem of the dollar in the market...By July 14th all will be fine with the parallel market rate. FRANK: Your reserves to back up your new exchange rate, your new national currency, is off the hook. It can not only back up your currency but probably other currencies at the same time... Mnt Goat Article: “In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...” Saleh... financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off... MarkZ ...in Iraq they are working with the Saudi’s directly to complete undersea cable agreement for internet connectivity. Iraq is becoming a central hub for communications in the middle east. Big news for Iraq. If you are going to be a regional leader- Iraq is going to need some higher valued dinar…imo
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