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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 *** Tivon Article: "The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves" Always pay attention to the last few statements when they start off so bold. They always dismiss everything they say once they refer to other authorities...The guy just denounced his own position or ineligibility once he stated "The Ruler, has the power to decide when to change the exchange rate." Ask yourself who is the Ruler? Al-Kazemi? Mustafa Galeh? Barham Salih? Because...none of the three have come out and supported any other statements when the exchange rate will be changed. *** Frank26 Article: "The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves" THE DEPUTY GOV OF THE CBI...IS NOT IN CONTROL OF THE EXCHANGE RATE. *** Pimpy ...The rumor is Iraq is thinking about going to the gold standard which would be huge. But one of the things they want to do is they have to find a way to start lowering the number of dinars that are in circulation. The good news is that they're not going to replace the dinar which is the biggest fear. But what they're looking to do is reduce the amount in circulation. I have not heard how that's going to happen. [Post 1 of 2..Reposted] *** Pimpy ...A bunch of talk between people who deal with currencies. It's just rumors...The people I'm getting the information from as credible as they are it always makes me reluctant when there's nothing that I can use to validate what is being said. They have had a major increase in their gold reserves. That's a major major step...if you start seeing that the Iraqi government is indeed doing whatever it takes to reduce the amount of Iraqi dinars in circulation then you know that the rumor is true - that they are heading in the direction in which they want a gold backed currency. [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 ...The rumor is Iraq is thinking about going to the gold standard which would be huge. But one of the things they want to do is they have to find a way to start lowering the number of dinars that are in circulation. The good news is that they're not going to replace the dinar which is the biggest fear. But what they're looking to do is reduce the amount in circulation. I have not heard how that's going to happen. [Post 1 of 2....stay tuned] *** Sandy Ingram Article: "Iraq Ranked 30th in the World And Fourth In The Arab World With Central Bank Gold Reserves" The Central Bank of Iraq has quietly been buying more gold for Iraq...The Central Bank of Iraq has moved up 10 spots on the table of countries with the most gold reserves...Iraq said in a statement that the purchase of new quantities of gold is an increase of 35%...
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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: Bank friend just talked about the ATMs and they are a sign of things that will be coming...they have not heard about when the lower notes are coming but that's a big topic relating to the new ATMs. FRANK: Firefly's bank friend tells him the NSCN are associated/connected/bonded to the new ATMs...it can not get any more exciting than this... *** Nader From The Mid East Article in Arabic translation - This is really serious. This thing says that the exchange rate they wanna change that..they're not talking about the... 3 to 1 or $.60 to 1. They're talking about 1200...this is Kazemi who wants to change the rate...I don't want this to happen. If it's like this I want it to stay at 1460...you're gonna put it back at 1200 you'd be very confused...if he changed it now it's gonna take at least a year, two years, or three years more to reinstate the dinar. I hope he doesn't make a bad decision...If he does that he's gotta go. He's not for the people... *** Mark It has been exceptionally quiet on the RV front...There is so much disinformation going on right now...Buckle up guys…we are in the heat of the battle. We really are suffering from the “fog of war” right now... the only real news we have today is from Iraq. “The Central Bank takes binding measures to combat money laundering in Iraq” I am told the goal is for them to make one more last grab of what they consider to be illegal dinar before they pull the trigger for the dinar revaluation. This kinda makes sense.
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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 Article: “Including Iraq, The World Gold Council reveals the reserves of the Arab countries of the yellow metal” in this article they are talking about the rankings- and they give Iraq #6 …but they have recently added to their gold holdings making them now #4 in wealthiest countries in gold holdings in the entire region… I find this article interesting because we just had one out of Iraq this week that they had upped their gold holdings to 130 metric tons… You have to ask yourself “Why this enormous jump from #6 to #4? What is the driving factor there? *** Frank26 Question: "Do you think they have to get rid of all the corruption first Before the rate change/RV?" Of course not. You're never going to get rid of the corruption. Never...the key is look where it's at now. Controlled..!
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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 Why go through all the accounting they have gone through over the last 6 months to change the rate back to 1200? That would be pointless. The CBI has done all the necessary steps to float and educate the citizens and the other banks around the world about the new exchange rate. Parliament can demand all they want but it is only the CBI's responsibly and only the CBI that has the power to change anything for the GOI...they take action on behalf of the GOI. *** Samson Article: "The Central Bank: The assets of the banking sector grew by 21% in two years" Quote: "He added, "Accounts doubled to more than 7 million open bank accounts, as well as electronic payment cards, which rose from 10 million to more than 14 million cards, and ATMs increased to more than 1,500 machines and points of sale to more than 7,000..." *** Godlover [Response to Tivon below] Article: "A large sum of money was seized in the possession of a foreign passenger at Najaf Airport" If he was/is following what K says or does, then he should have known that the current government is trying to set up for the next government for this person to even be able to exchange. Likely several months too early. *** Tivon Article: "A large sum of money was seized in the possession of a foreign passenger at Najaf Airport" There is no way he wasn't privy to the announcement made by Al-Kazemi in regards to changing the USD exchange rate some days ago. That would be the only reason I could think of as to the timing of his scheme. {Reposted} for Godlover above.
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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 *** Tivon Article: "A large sum of money was seized in the possession of a foreign passenger at Najaf Airport" There is no way he wasn't privy to the announcement made by Al-Kazemi in regards to changing the USD exchange rate some days ago. That would be the only reason I could think of as to the timing of his scheme. *** Walkingstick They are moving at a very fast pace...compared to all the wasted years in the past...they are defending the monetary reform with a new world rate for the Iraqi dinar...Their currency is soon to be convertible...it will float outside the country with a managed/ controlled exchange rate by the CBI. The rates will be bouncing all over the markets as the IQD is used internationally to buy, sell trade - all giving the NSCN more security, more stability... *** Militiaman Article: "The emergency support law enters into force .. Will the government challenge it?" Interesting they tell us today that the ESFL made entry into force. One day after a publishing day for the gazette...Saturday is another publish day for the gazette...I see this article as being an indicator... Possibly a very telling one. *** Mark [July 1st is a very realistic day as it starts a new quarter….] Not sure that it matters but it’s also a long 3 day weekend. This is one of the things they said was preferential for pulling the trigger. Doesn’t mean they are going to…. It’s just something that could be a sign. I believe they were talking about a three day weekend in Iraq, not the USA. Too often we tend to think everything centers around 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... RON *** Pimpy Hearing some very very very interesting rumors regarding the Iraqi dinar. I'm not sure how much credence I should give to what I'm hearing. It's all speculative and rumor but this is a lot of chitter chatter going on amongst those who deal in currencies. Iraq has been making a very strong power move in the gold area. The speculators are saying that that has something to do with a move that Iraq is about to make that includes the gold reserves that they have been increasing... ** Bruce I think we are finally hearing from Iraq...that they will be seating their government – their Parliament – their Prime Minister – President...this weekend...
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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 *** Godlover The EFSL was created to get them through the current crises & to give their citizens immediate relief. Honestly I think some of what we are witnessing is a lot of uncertainty with Iraqi officials, etc. Just trying to come up with short term solutions until the political situation can be resolved & at the point where the CBI feels comfortable enough to take action. Until then, it's just all theoretical. *** Walkingstick When the IQD...goes on an international float it will become convertible. At that point...The CBI will inject the NSCN into the streets/into the hands of the Iraqi citizens to defend their exchange rate...the idea is when they do go international and float their currency the IQD will be within 2% to 3% compliant as required. They are telling the citizens the CBI has the means to defend their exchange rate as it floats. *** Kaperoni What is being talked about in Iraq is not an RV as the gurus insist. They are educating citizens via symposiums on a currency exchange which is a neutral event (LOP). We have to hope that this plan for the currency exchange is not implemented and they follow guidance of the IMF which is encouraging them to gradually appreciate the currency over time based on success and growth of the economy. This is the best chance of any significant gain. *** Tivon Article: "A government advisor sets the date for sending the 2022-2023 budgets from the government to Parliament" Keep in mind what they need the 2022 Budget for. They don't need it for money. Simply because they are only willing to put an extra 25 trillion in the 2022 Budget. More than Half of what is in the EFSL...[Post 1 of 2] *** Tivon They only want to approve the Budget for the Final Accounts. And the 2022/2023 Budget will be for new projects. The EFSL is currently being used to pick up on stalled projects from the previous 2021 Budget. Why? Because that particular budget was supposed to raise the value of the IQD. But since they never formed a government last year they couldn't open it. [Post 2 of 2] *** Samson Article: "Iran wants Al-Kazemi to remain in his position... and the leaders of the Coordination Framework meet with him in Tehran in the presence of Ismail Qaani!" *** Militiaman Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Now we finally see that 30-40 tonnes of gold show up they found on the Syrian Border..? Why now are they telling us this now? Well, they have far more reserves now that ever needed for to support the new exchange rate change.
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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 ***Mark Article: “Financial advisor Mazzar Muhammid Salih surprised the Iraqis about the possibility of changing or reducing the exchange rate of the dollar against the dinar” This means the dinar gains value. They also said just the day before that they needed 100 signatures from parliamentary members to address the value…and I believe they got those signatures. They are talking about changing the rate nonstop over there guys. And the need to change the value. We have not seen them change the value yet…but... they are having open conversations with their people and in their parliament about this...with the IMF the US, ect…this is exceptional news. We just need to buckle up and hold on through these final days. *** RVAlready The RV seems to be rounding the far turn, headed for the home stretch. *** Frank26 Article: "A government advisor sets the date for sending the 2022-2023 budgets from the government to Parliament" THE EXCHANGE RATE DOES NOT HAVE TO WAIT UNTIL OCTOBER... IT IS THE BUDGET THAT AWAITS...'A NEW WORLD RATE'! *** Mnt Goat Article: "IRAQ ADVANCES 10 RANKS GLOBALLY.. THE CENTRAL BANK ANNOUNCES THE INCREASE IN ITS GOLD RESERVES" Quote: "The bank confirmed, The purchase of new quantities of gold...an increase of 35% over what was in its possession." WOW! An increase of 35%! That is amazing!
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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: THE DOLLAR EXCHANGE RATE WILL NOT RETURN TO ITS PREVIOUS ERA DUE TO INTERNATIONAL OBLIGATIONS" ...we read in this article that the “previous era” is referring to the old program rate and not pre-1991 era rate...Instead of changing the program rate back to the old program rate they are going to reinstate it and get off the program rate altogether...Also we read that the economic growth will meet monetary obligations of the World Bank...they already have a timeline set up for the reinstatement...This IQD will be reinstated. We will be going to the bank soon as they are just waiting for a “STABLE GOVERNMENT”. *** Walkingstick The CBI is meeting with the AMF (Arab Monetary Fund). The topic of this meeting is the "swapping" of currencies with a number of countries in the Middle East region. Why would you want to swap a toilet paper valued currency? You wouldn't..!
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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: "Paramilitary Finance denies the possibility of restoring the dollar exchange rate..." This is another one of those article where they start talking about the exchange rate...it is always interesting to me to see how many articles are in the news in regards to the exchange rate. They've already said what they wanted to do but they're constantly in the news reminding everybody that they have no intentions on changing the rate. If that's the case then why do you keep talking about it? *** Militiaman Article: "Association of Banks: More than 14.9 million bank cards in Iraq" They have close to 50% saturation in the country from the looks of it for cards in the hands of the citizens. They have been telling us all about the new ATMs lately too. The advanced ATMs that can not decipher multiple currencies and at varied exchange rates. They can recycle cash as well. This is more education and support that they are geared for internationalism... *** Mark It’s really positive all the news coming out of Iraq and it all centers around the white papers, economic reform AND an increase of the value of their currency. It’s exciting times in the Iraqi news and we know we are close but we don’t know exactly the timing. ...this is the number one goal for them. ...its exciting times for them…and fortunately exciting times for 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... RON *** Tivon Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange"...The volatility in the markets is what appears to be the deciding factor as to how long it take to feel comfortable with reinstating the Dinar...But they still allude to going through with it in spite of and will just adjust on the fly as the rate gradually increase from 1:1. So the problem may not necessarily be coming out at equal value but maintaining it. *** Mark Article From Iraq: “Dollar Exchange rates are declining in Baghdad and the Kurdish region” Why is this important? Normally in the local markets they were holding onto US dollars because of the instability of the dinar. What we have seen in the past when we have been close and anticipating an exchange is they will start refusing to part with their dinar. People are putting a higher value on dinar now and not wanting to give it up. The people on the streets are anticipating a value change. That is a great sign –imo- that we are close. *** Samson Article: "OPEC: Iraq is the fourth in the world in oil reserves" Quote: "Iraq ranked fourth globally in the world's largest proven reserves, with 145.019 billion barrels, after Venezuela, which came first, with 303.468 billion barrels, while Saudi Arabia came second, with 267.192 billion barrels, and Iran came third with 208.600 billion barrels." *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Had a spokesman on the news giving explanation saying these new ATMs have the capability to take the money and do instant calculations on whatever the rates may be set at. For example only machines can handle floats of currency rates and give back the exact amounts for transactions at the currency rate of transaction...they are educating all of us.[Post 1of2] *** Frank26 FRANK: ...The Iraqi citizens are aware...why do you think the ATMs can instantly do calculations? ...Because the Iraqi dinar is going to float...Brilliant! As it continues to float up in value the citizens are not losing any money...when they withdraw from the ATMs. Wow that's pretty good. They are explaining to the citizens what these machines will do....[Post 2 of 2] *** Godlover Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange" This article makes it even clearer that the EFSL was created for the purpose of citizens immediate needs & to get them through until the CBI takes action on giving them purchasing power...Another article...the need for a new government & 2022 budget.
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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 *** Tivon Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons"...the reserves are prepared to protect against local & international changes! Consider what that means when you think about the 100 deputies signing on to follow through on what Al-Kazemi requested of them [lower the exchange rate]... Mazhar Saleh (Financial Advisor) said that they can maintain the purchasing power that will result from the reinstatement because of their reserves....
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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: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" it's much much more than that. This country is in such great position to add great value to their currency...why would you go all over the place and collect as much as you can in gold for your currency that is of no value? Because it's going to have 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... RON *** Tivon Article: "Iraq uses the policy of "raising reserves" to control inflation" So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar...So when you compile everything as to all the sectors that is ready...You can't help but anticipate what is next. And we know what that is. Al-Kazemi already gave the go ahead a couple of days ago. IMO *** Frank26 Question: "Spoke with a financial advisor and they said she was going to have to travel to Iraq and exchange her notes for small category notes and bring them back here to exchange for USD. Is this correct IYO?" Go back to that person and ask them 'Do you know how many dinar the United States Treasury has in its reserves right now?' ...It's more than 54 billion American dollars worth of dinars...You think America is going to have to go into Iraq, convert them into NSCN and then bring those back to an American bank...? No. That's not how it going to works. *** Pimpy Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Do what they do not what they say...they didn't buy some gold, they bought a huge amount of it...a 35% increase. That's huge...this time around they are definitely preparing themselves in case something should happen to the oil market... *** Samson Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Quote: "Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world." *** Mnt Goat Article: "DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT" Quote: "..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives." Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon. *** Mark In Kuwait…literally that morning they said it would be 2-3 years before they RV’d…then they turned around and did it that same morning... Kuwait shot all the way up to $9.88 before it settled back down to the mid $3 range...Iraq cannot wait another couple years without an RV. Because of political instability and their low currency-because the country has great wealth…historically Iraq is one of the wealthiest regions in the whole world…vast oil reserves and gold reserves as well…
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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: "Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light" ...100 deputies openly supporting the exchange rate change is powerful. They are campaigning. A sign of currying favor from the citizens. They want their purchase power. *** Kaperoni Local media announces today Al-Maliki will carry out a coup and become prime minister again...He is bad news for Iraq and is a pawn of Iran...Plainly put this is terrible for Iraq. Maliki is a wannabe dictator and has desires to control the central bank funds. Back in 2012, former central bank governor Al-Shabibi accused Maliki of stealing enough money to support 20 million citizens...al-Maliki has quietly as leader of the State of Law Coalition harpooned much of Iraq's success waiting for his opportunity to come back.
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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 Monetary policy of the Iraqi dinar is at the sole discretion of the Central Bank of Iraq along with the guidance of the IMF. No parliamentary signatures, news articles or political figures have input. *** Nader From The Mid East They refuse to put back the dinar to 1200...They're asking the CBI to put back the dinar to its previous exchange rate which the CBI has other plans by Rving the dinar...I'm glad they didn't accept the 1200 because it's not worth it for nobody...for me it's good news. I prefer wait on RV than change it 1200 and wait 10 more years to RV... *** MilitiaMan Article: "Al-Shammari: Talking about changing the exchange rate is a media bid" Quote: "Talking about changing the exchange rate is unrealistic..." This guy is connected to Maliki all day long. imo...The EFSL is law. They have not yet exposed that fact in the Gazette... So, to trigger internationalism a new exchange rate is warranted...changing the exchange rate is not unrealistic in fact it is imo inevitable.. *** Samson Article: "Parliamentary Finance denies the possibility of restoring the dollar exchange rate: it confuses the market and investment projects" Quote: "the Parliamentary Finance Committee denied what was recently reported about Parliament's efforts to restore the exchange rate of the dollar to its previous level, 1200 Iraqi dinars for every US dollar." *** Tivon Article: "Implementation of the Automation Program for Customs and Tax Receipts" Game Time. The ATMs are ready. AYSCUDA is ready. BUNA Platform is ready. General Tax Authority is ready. Now Customs & Tax are ready. The HCL/Oil & Gas is ready. The EFSL is ready. And the contracts are signed...Everything is prepared for roll out. The hard currency reserves are covered so they can deal with any inflation from the onset of reinstatement if any were to occur. All of this occurred without a seated government or 2022 Budget. *** Mark What were we told to expect would happen at the end? Massive amounts of dis-information. Massive amounts of smoke…all kinds of conflicting statements to expect at the end… I think all of this is an extremely good sign that we are really close to it. This is what we saw before Kuwait…before Iraq last time…what we saw before China RV’d…This is classic textbook.
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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 ...we keep hearing about getting out of a “rentier” economy solely based on oil...there are many more sources of revenue that can rival the oil revenues. But Iraq has to take advantage of them...The revenue possible from tracking and accounting for the full revenues received from Customs and Tariffs alone can rival the oil revenues. WOW! [post 1 of 2...stay tuned](NOTE: A Rentier Economy is one whose economic survival and growth is significantly dependent on economic rents generated from natural resources in particular - that's Oil for Iraq).
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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 *** Tivon Article: "Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development" I told you all they will keep hammering down on this law until it is printed published and implemented. They will keep coming with more information as we inch closer to the inevitable reinstatement. *** Samson Article: "Britain asks its citizens to dispose of $17.7 billion in banknotes" Quote: "The Bank of England said people who own 14.5 billion pounds ($17.7 billion) of old notes have just 100 days to spend or deposit them before they become worthless." *** Kaperoni ...The petition in parliament calling to reduce the exchange rate...If it succeeded it would only reduce it back to what it was a year ago...1170 *** Sandy Ingram Iraq has gone from being a stable and wealthy state governed by a dictator, in the 1980s...To living under sanctions in the 1990s. To the US invasion of 2003. To the chaos of insurgency and then ISIS genocide in 2014. To the financial crises brought on by Covid-19 in 2021. And then the currency non-leadership that Iraq is living under for over 8 months...hold on to your Iraqi dinars. Iraq is a survivor. *** Pimpy There's no numbers on the back screen. There's no 800#s. There's no redemption centers. I keep telling you guys it's all crap they blow up your butt...there's no tier 1. There's no tier 2. All they (CBI) will simply do is change the rate, and then you go down and exchange it or purchase it...like any other currency out there. There's no magical treatment for how Iraqi dinar is being handled. *** Tivon Article: "The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar" ...They are about to reverse the prior decisions that caused so much hardship. But I also think given the timing this has alot more to do with preparing the NSCNs which will require a rate change... *** Frank26 Article: "The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar" THIS IS FROM KAZEMI TO HIS CABINET TO THE CBI...TO CHANGE THE EXCHANGE RATE OF THE IRAQI DINAR. *** Nader From The Mid East Inside Iraq the economy is not too good. The people still poor. People still have no money. No jobs. People still suffering. It's true we making a lot of money off oil but that's the only assets for now...We have no tourists. We have no import...the private sector is not good at all yet. You guys gonna have to wait...it's gonna take time...not before 2025 and it's gonna 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 *** Frank26 Question: "Are you thinking Iraq is Article VIII compliant?" Yeah. Forward and backward. Sideways, up and down you name it. Do you see any restrictions on them [Iraq/CBI]? Do you see any sanctions on them? Heck no. Everybody wants to join them. That alone should be a tell tale sign. *** Pimpy No, you're not gonna get a special rate...people out there claiming that you're gonna go in together as a team and you're gonna negotiate a better deal. No you're not. It's not gonna happen. Whatever rate is out there is for the globe. That's for everybody. *** Nader From The Mid East Community Comment: "It's 100 trillion dinar out there. It's hard to change that." That's why they're taking the three zeros off, to have a lot less money. And it's not 100 trillion, it's 71 trillion and a lot of it's been burned...What are they gonna do? ...I think they're gonna take the 3 zeros, will go down to maybe 40-30 trillion. *** Petra I would like to add a few dots to the logic equation as to status: 1. Al-Zamili stated weeks ago...upon passing of the law [ESFL] that the ministries would "immediately" be funded to begin their efforts of the WP's. Well, yesterday was that 15th day...tick tock! 2. Al-Alawai the Finance Minister has been...stating that basically the reforms are ready to go and his ministry is ready to engage. Hello CBI....Tick Tock! [Post 1 of 2] *** Petra 3. Today... Article "The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar" ...is not only the request of Kathemi to change the rate but also...the signatures of 100 or so Parliament Deputies agreeing...Hey CBI...Tick Tock...THE RATE is now before us on a myriad of levels to engage the new Iraq!! ...IMO what are we waiting for? Hello CBI....Tick Tock!!! [Post 2 of 2] *** Tivon Saleh said in Articles: "...the rise in Iraq's hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability," stressing that "the Iraqi dinar is approaching full coverage of hard currency reserves in light of the current exchange rate." He also said that "these reserves maintain the purchasing power" ...if you have 1 million in Dinar. And the rate comes out at 1.162 on the Forex. You divide that by one dollar and it will be .86 cents. Which will net you 860,000.
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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 *** Mike Cottrell I think we are in a good position…I do know certain documents have been signed overseas to get this thing moving…but no one knows the timing...I think we are very close... *** Deepwoodz [Response to Guru Goodlover below] Imo Not your run of the mill ATM’s Article quote "The new devices are already getting our customers' attention, and in our next phase, the ATM's integrated cash recycling capabilities" *** Nader From The Mid East The Iraqi dinar...it's going to take a lot of time. They're not ready yet. We're not ready not. Nothing is ready yet. It's still a mess over here. You see missiles coming. You see some storms coming. You see no government set up. The CBI it's not moving much. The CEO of the CBI doesn't have any balls to make any decisions. We need somebody with balls to make decision for us to go forward. *** Daytrader FOREX will have only one figure represented for the IQD/USD exchange rate. Short lesson: an exchange rate has both a base currency and a quote currency; base/quote. For example USD/KWD is the US Dollar versus the Kuwait Dinar. The base currency is the USD since its listed first, and the KWD is the quote currency. The question being asked with this formula is how much of the quote currency does it take to buy one unit of the base currency...[Post 1 of 2] *** Daytrader ...or how many Kuwait dinar does it take to purchase one USD. Based on today’s current exchange rate, it takes less than one Kuwait Dinar to buy one USD; or $1 = .30668724 KWD. To switch the equation to KQD/USD changes the question to how many USD does it take to buy one KWD, divide $1 by .30668724 IQD. The result is 1 KWD = 3.26128 USD. [Post 2 of 2] *** Militiaman Our source(s) since Thursday last tells us the MR mandate at the FM level has been completed and that fact was put to the CBI. Imagine that...Then we see days later that they are gearing for full ISO compliance...Well also to note from our sources...business owners...after many months asking about the NSCNs with no success was now told that the packages arrived...I suspect the next 24 -72 hours to be extremely bullish. imo *** Godlover [Response to reports of new ATMs in Iraq] First off, we don't know the condition of their old ATM's. The need to replace them was likely a priority with all of the banking reforms. Of course I do believe they will be able to function with the hopefully soon to be NSCN's. Will these ATM's only be turned on after the issue of the NSCN's? No one knows the answer to that, but I would guess the ATM's will be used for some time prior to the release of the NSCN's. The new ATM's in itself, does not give us a real time-line. *** Mark (Hold up a crisp new 50 dinar bill)…Here is a brand spankin new 50 dinar note…at todays value its worth 4 and a half cents…you have to ask yourself why print notes worth 4.5 cents???
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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 We all should be aware by now the Central Bank of Iraq (CBI) is waiting in the wings to conduct the project to delete the zeros. They have been waiting since January, when they proposed to do it but were asked to hold off until they settle this election saga...I am being told that when the new government is formed, if it is a stable one, the US Treasury fully intends to support the reinstatement. [post 1 of 2] *** Mnt Goat When this signal is given to the CBI, then they will move ahead to the next step which in the project to delete the zeros. We know that this project will coincide or slightly precede the reinstatement of the IQD back to FOREX. When FOREX happens the OFAC sanctions will be lifted and we go to the bank...Yes, this could happen by mid-July ...The possibility is VERY real that this ongoing RV saga could also be over. [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 *** BGG Article: "Collecting more than 100 signatures.. A parliamentary move to reduce the dollar exchange rate" With all they have going on right now, am I the only one that finds this article a little strange? IMHO – the whole world is in a hurry to get off the USD. We have triggered our own hyperinflation (thereby HAMMERING our own currency) and NO ONE wants any part of it. Not even Iraq. Iraq may well be the one currency in the UNIVERSE with the actual assets to be a true non-Fiat currency and is still referred to as “grossly undervalued”...! *** Samson Article: "In The Document.. The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar" [NOTE: Reducing the exchange of the dollar against the dinar increases the rate of the dinar against the dollar.]
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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 The EFSL is slated for tomorrow and or the 23rd to be law, whether it is signed by the President or not, as if it is not, it becomes law after 15 days regardless...the law was voted on 06/08/2022. *** Godlover I try to keep things real. I just can't reasonably see them releasing a new rate in their current situation, it just seems illogical. Way too much corruption, way too much political impasses. This EFSL may very well pave the way to what we seek....but it will be some time imo *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: On the TV today about new book put out about the stamps and the coins. They are starting to teach us about the coins we are supposed to be getting for Iraq... *** Mark Things are still very quiet…but still positive... I believe we are in a holding pattern while we wait on the “trigger event”... things are getting closer...My guess is there will be a seated government in the next one to two weeks tops. They are running out of excuses not to pull the trigger. *** Pimpy I said I do not believe we're going to see any type of a rate change any sooner than a couple years. People lost their damn minds. They're freaking out. I know. I get it... [but] this is the 'stay grounded channel'. I try to educate as I go along...showing you what it is that has to be put in place before an exchange rate of a currency can be considered. Iraq is nowhere near there... [Post 1 of 2....stay tuned] *** Pimpy Just because you have a lot of money doesn't mean the rate change is going to take place...You have an economy that is not stable...a government that is not even formed... There are uprising taking place...ISIS is rearing up their ugly head again...these are the things you have to take into consideration before you change the exchange rate. Outside investors are not going to show up until it's a lot more solid... [Post 2 of 2]
