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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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news keeps talking about fils and about the new lower notes and why it's going to help the citizens. They keep explaining the meaning and how it's going to give us purchasing power and how we will be able to make change...they also keep talking about, 'Hold onto your dinars'... FRANK: The monetary reform education continues to march forward...I strongly believe March is where they will tell you all about the new currency and the new exchange rate and the coins [Post 1 of 2....stay tuned] Sandy Ingram The bank made an announcement that travelers in Iraq should come to the bank during business hours to exchange currency for U.S dollars. It appears the money shortage of Iraqi dinars is over especially since Iraq will be paying its debts to Iran using another currency other than U.S. dollars.
  2. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: ”The U.S. Senate voted overwhelmingly...to push forward with legislation to overturn two decades-old mandates to wage wars in Iraq as Congress seeks to reaffirm its role in deciding to send troops to fight...The vote ended with a score of 65 to 28, more than the necessary 60 in the 100-member Senate, paving the way for a vote..." Pimpy Q? : Is the IQD on life support? Yeah it is...Currencies around the world are being crushed right now by the US dollar. That's a fact. Not to mention the fact that on the open market/black market rate...at one time was 1750 dinars. It dropped down to 1500 which is a good moment but...1300 dinars for every dollar is the official rate. I think one of the ways to combat that would be to continue to increase the value of the IQD. Move it from 1300 dinars for every dollar down to somewhere around 1050 dinars for every dollar. It's a huge jump. It's big. It's not small. That's big.
  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 Militia Man In the final stage, what we're expecting is the education of the citizens. On the street we're hearing that the citizens have been told about new things that are coming and it has to do with their currency. Not money but currency. Clare Article: "Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement" Quote: "Salih reassured the Iraqis that Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, which gives strength to the Iraqi dinar... The central bank's reserves today are around $115 billion, which is the largest reserve in the country's history." Frank26 Early summer of last year I started to tell you, you needed to start paying attention because...they are about to tell the Iraqi citizens everything about the new small category notes...back then...I said there wouldn't be any coins right away...UPDATE! UPDATE! ...it turns out the coins are coming out...what did you see this month? Articles about coins ...this is the month of March where they are educating them IMO. In the month of April IMO is where they are going to show them...new small category notes, with a new exchange rate and coins.
  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 Mnt Goat Article: "MINISTER OF TRANSPORT: THE GOVERNMENT’S VISION ASPIRES TO TRANSFORM IRAQ INTO AN INTERNATIONAL TRADE CENTER BETWEEN ASIA AND EUROPE" ...I told you that Iraq is going to be a huge clearing house for the middle east between Asia (China) and Europe (EU). So here it is now in black and white from their own news media. Their words not mine…. No Rumors, No Hype, No Opinions...Just the FACTS! They can not possible continue with this approach with a program rate and not being an internationally traded currency.
  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: "Al-Sudani’s Advisor Determines, Via Earth News, The Date For The Disappearance Of The Dollar Price Difference" Quote: "...Salih, set today, Tuesday, a date when the difference in the price of the dollar from the central bank will be removed from the market... The exchange market in Iraq is still gradually adapting to international compliance controls in financing foreign trade for the private sector...we find that the country is still dealing with two exchange rates, which is a very temporary matter that will disappear over time.” Nader From The Mid East Everything is in place. Now we're just waiting for them to do something to make a move... MarkZ Article: “PM Advisor: Iraq economy is strong and moving toward improvement” ...They are literally telling you what they are doing. Quotes: “He emphasized that the situation is gradually improving as long as there is freedom in transferring the process that is subject to compliance” “Noting that during the next few weeks or months the official exchange rate will match with the parallel” What they are telling us is that the rate in the next few weeks will be in parallel with their assets…or their great wealth. They are telling you it is happening. Don’t panic about the timing…they have to say that to keep the timing confused…it is part of the process.
  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 Walkingstick There's a serious media campaign of the monetary reform. It's getting louder and louder with each passing day...the last week of March has great potential for the monetary reform to expose more to the citizens. MarkZ We are getting a tremendous amount of chatter – surprisingly from Iraq. They seem to be on a expedited time scale. What I am hearing is to watch between the 1st and the 3rd right now. We are still trying to “vet” some things...They keep telling us they are about to have more money…we should listen to them. Henig Article: "The Ministry of Planning discusses the effects of changing the exchange rate on the Iraqi market" Quote: "The meeting discussed a number of proposals and recommendations, which aim to address the repercussions of changing exchange rates on the economic and trade movement...the ministry will submit its recommendations to the Council of Ministers in the near future. Prime Minister Mohammed Shia al-Sudani had directed that the Ministry of Planning study the effects of changing the exchange rate on the Iraqi market." Militia Man They have an agenda...to get their financial system...ceasing the multi-currency practices - which is not using the dollar. It's going to be using the dinar but they're also going to be able to clear on new platforms, all these different currency of the world.
  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 Article: "USD/IQD rate declines in Baghdad, Erbil " The U.S. dollar is continuing to gain ground on the Iraqi dinar. This is not good. This is out of whack...the Iraqi dinar is not gaining in value versus the U.S. dollar and it's going in the wrong direction... Frank26 [Iraq boots-on-the-ground report] FIREFLY: I went to go see my [bank] friend and he says with the dollar gone from ATM machines very soon we will have to see value more. And the lower notes and the fils, without these it will lead to hyper-inflation. The point has been set. Looks like soon more greater news is coming. FRANK: That's exactly right. This last week of March may be very explosive as they give you the final definitions and instructions of the monetary reform. Next Monday is when I hope they will show you your new national currency with value and the coins...I'm excited about what they are now telling you and showing you. Mnt Goat Article: "PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT" Quote: "A member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tooki, revealed that there are parliamentary efforts to pass the oil and gas law soon, indicating that all roads are clear towards passing the law." This article is music to me when I read it…Yes we were waiting so long to see this. Finally!!! Go RV!
  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 .... Especially if it comes from Mark ... RON Kaperoni Dinar community Comment - 'Kuwait RV'd thier dinar in 1992.' Not true. Keep in mind there's a significant difference between Kuwait and Iraq. Kuwait has billions of dinar in circulation, Iraq has trillions. Nader From The Mid East I don't think it's gonna be 1 to 1. I think it's gonna go...between $3.28 and $3.50 directly. After this rate 1132 it's gonna be big thing to happen. Frank26 The world is pouring into Iraq because of the monetary reform that is exploding the economic reform. The only reason why the economic reform has been so successful is because they know very well what is happening with the budget of Iraq and they know how it is being funded and they know what's backing it... MarkZ It appears that Iraq has fired the shot heard around the financial world. They are preparing to go solo… It appears that many other countries want to go with them. Member Question: If the dinar and dong go separately…will they float? Answer: Yes if they go alone we expect them to float. I still think there is a 90% chance they go all at once...We are now seeing a very clear end coming…that is super exciting to me. Sandy Ingram Article: "Central bank sales exceed 800 million last week" Based on the Middle East News feeds it is important...The total sales of the Central Bank of Iraq through the window of selling hard currency to the dollar during the past week amounted to more than 800 million dollars. This news flash leads me to believe Iraq is becoming More and more like Panama each day, however Panama's currency is valued at 1 to 1 against the US dollar...Is Iraq hanging on to the US dollar so tightly because the foundation of their wealth is in US dollars? Meaning the oil revenue? ...this is a massive amount of exchange for the US dollar in one week. Militia Man Everything we're seeing is phenomenal. They can't go back. They're gonna reprice at some point in time because they have to and I wouldn't be surprised if they are forced to talk about that very quickly... Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend from First Bank of Iraq has new global money transfers. He said this system just started. This screams international. FRANK: That's awesome! Yes it does!
  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 Militia Man We are hearing things that are coming from Iraq that are about the exchange. We know Al-Sudani did a talk about the currency being strong and we had Al-Sustani talking about the currency and what you could do/what you can't do. That's really important because Al-Sustani is a very very, very important figure in the nation of Iraq and the Middle East. The education has been ongoing and...they've had a little more communication with respect to the small category notes... Frank26 Question: "At exchange do they [the bank] file anything...?" They're not going file anything. You're on your own when you exchange your currency. It is your responsibility to report your capital gains...to pay your taxes. The banks are not going to tell Uncle Sam anything about you... [Community Comment] The bank automatically will report to the IRS any deposits of $10,000 or more. FRANK: that's true, any transaction worth over $10,000 ends up in our governments lap. [Note: Always consult your tax professionals to determine the proper taxes for your unique circumstances.]
  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 .... Especially if it comes from Mark ... RON Nader From The Mid East In our religion [Muslim] it's against our religion to make profits from Banks and everybody can tell you that and it's in the Quran. When you put your money in a bank and that money makes babies you give it back to the bank or you give it to poor people. And now we hear the latest outrageous rumor from Mark MarkZ Member Comment: I hear Iraq’s ready. Answer: Yes they are...I was told [the rate] between $1.61 and $1.68. We wont know for certain which one until we get there. They know it’s going to float to that $3+ range. ...I was told it was announced and they have let the world know that they are moving forward... And I was told they are going to go towards the end of Ramadan...[Ramadan ends April 20] I’ve been told...there is a hard push to get it out the doors in the next few days. The comforting part is we can now see the end. It would be nice if it were true, but consider the source...RON
  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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: They have economists, CBI and parliament finance all on Channel One all day...talking about the lower notes and the fils. They say they're bringing them back to give the citizens purchasing power.
  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 Militia Man We're hearing there could very well be some repricing coming sometime in the next week or so or less. Repricing is important because it means they have a change coming. Let's see what happens in the next 24 to 48 hours. Breitling Iraq's new strategy is...very simple. How do they expand their customer base? Right now, they want to accept other currencies...it's very very good news. Pimpy As we are all aware Ramadan has started. We're talking about 30 days of usually nothing really gets accomplished during this time. I'm not saying it won't but usually it doesn't.
  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 Nader From The Mid East In our religion [Muslim] ...if I make a profit in the bank I have to give it up as a citizen. I'm not talking about companies...If I put my money in a bank and I make profit the whole month of Ramadan I have to give it up to poor people...bank...mosque. I have to give it up. That's why people will not go and change their money this month and bring it if they change the rate. Nobody's gonna move...this is a religion thing... Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see infomercials...one after the other on our television and they're talking about reintroducing fils/coins to us. Then they told us we will also be receiving lower notes and we're adding value to these lower notes and then they said the coins/fils will give us more purchasing power and when we buy things in the market we will not lose money no more do to having coins and lower notes with value. FRANK: Whoa!! ...you are right on the edge from receiving what they are bragging about to you. A new exchange rate that will match a new lower denomination along with coins to match them...this is absolutely stupendous...congratulations you are so close. Sandy Ingram In 2021 OPEC member countries accounted for more than 80% of the world's proven oil reserves... proven reserves are when certified engineers have surveyed the land and reported on the profitability of the oil based on they analyzed reports...Iraq is #4 on the [OPEC proven cute oil reserves] list...Iraq has lots, lots more oil hidden under the earth. Iraq is literally floating on oil according to geologist reports...It is our hope that the oil industry will allow Iraq to revalue its currency at a higher rate against the US dollar. Walkingstick & Frank26 The monetary reform of the Iraqi dinar is asset backed. Some of you need that information in your calculations. Some of you need it in the float. Understand the monetary reform will be asset backed. And here's the key, it's not only tapped but untapped resources. Developed or not developed...the mineral industry from around the world is salivating to get started in Iraq... yada Doubt very much waiting on Ramadan is going to delay this, it a matter of the next quarter starting on the 1st and this machine is already in stride. Increasing the dinar's value will also give the other countries added value to their currencies just by having the dinar in their coffers. Its a done deal and expecting it any moment now. Militia Man At this stage of the game we can't deny something's up and these guys are talking because Alaq is talking. Al-Sudani said hold your dinar, it's going to be worth more. He didn't say worth more than the dollar, he just said it's going to be worth more. All of these things are coming into play...I think their plan is brilliant at this stage of the game...I really do believe what the central bank is doing what we expect them to do and they're going to keep pouring the pavement moving forward. It's going to be good. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI talking about 1132... FRANK: Do you recall when it was 1700 to 1... I told you look they just moved it's now 1300 to 1. I said our goal is for it to reach 1000 to 1 but {Firefly's} bank friend says he thinks it's going to hit 1190 then 1000 to 1 therefore to you we said IMO there will be one more exchange rate movement before it floats at 1 to 1. Remember that? FIREFLY: They're trying with new measures to get the parallel dollar rate in the market to mirror the official exchange rate. The street rate is still 1500 but they're trying to get it to be 1132. FRANK: 1132 is excellent! It keeps going in the right direction...The fact that it comes from the CBI it's crucial... Now I believe we will see 1000 to 1 as the next movement. MarkZ there is a lot of chatter that things may be starting over this evening. We shall see. We know we are close...the news out of Iraq continues to be fantastic. They are openly talking about their currency having parity with other countries in the region. I hear from all my sources that the RV is still in play and it doesn’t matter if its Ramadan. 3-23-2023 Guru Nader From The Mid East I have a...very educated, very smart friend who lives in California. He knows a couple of things. He gives me a lot of information....some things I cannot tell them...I just hang up the phone with him and he was yelling at me because...He said, did the mosque talked about smaller currency? I didn't want to answer because [if] I say things, I don't want to look like an ass$%$# if it's not true or if it doesn't happen...So, yes, I told him, yes, they talked about it. He said, they trying to educate you about that? [Post 1 of 2] Nader From The Mid East In the mosque in our Muslim religion they will...never mention money and tell you what to do with your money or not...They give you information that informs you, 'Okay the government send us letters next week or next month we're gonna change our money or our rate or something' and that's it. They will stop there...they will not go like, 'yeah we're gonna have the 50's and this is how they look.' They'll not educate you on that. They will inform you...The only people who can educate you on that is the CBI or...banks. This is how it is. This is how it works. Now he asked me if in mosque they informed about it? Yes, exactly they informed us about this. They never say when and what, why and when. They didn't say bigger or smaller. They said they're gonna change. [Post 2 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about that 1134 all morning and all afternoon. They keep repeating it over and over again. They want the citizens to understand their exchange rate is moving and changing. Mnt Goat... I would be VERY SURPRISED if we got to June 1st and still did not see the reinstatement of the IQD on FOREX and have it trading. Personally I can even see April as a target… if we had not been to the bank...by then...I would be surprised. This event is moving that fast. MarkZ There is a lot of concern that this will not happen during Ramadan...Could they be waiting until after Ramadan? It’s possible. But I am hearing it will be sooner than that and during Ramadan ...I do not think we will be waiting another 30 days... We will know very soon. That's all for today - Sorry I missed Yesterday..! RON
  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 Every day they're telling them more and more...they made another exchange rate change. And as we predicted it, it would happen before it takes them to an international float...[NOTE: The official CBI rate is still listed as 1310.] Militia Man [Boots on the ground report] Guest: PompeyPeter has a business relationship and friendship with people from some of the ministries over in Iraq and his brother, they own a business there that deals in banks...PompeyPeter got in contact with him again yesterday morning...they have a good conversation for about 10-15 minutes which is a pretty long call...at the end he says, 'Peter, get with me. Bring me something before the 31st of March.' We know what that means because he's expecting something just like we are. The man dealt with currency and he's a professional. He's a smart man/educated ...He's kind of brilliant in the way he acts and reacts to Peter because that's their culture...
  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 Nader From The Mid East There will not be an RV without new currencies. If you see new currencies comes out (I'm not saying it's gonna come out soon. I'm not saying when.) I'm saying if you see the new currency come out, exactly twelve days after that...there will be a new rate. They will not release the small category notes with no strong exchange rate. Sandy Ingram The exchange rate...has changed online, which is a big deal. [It's now showing 1310 to 1 USD] This means what the parliament voted on is now factual globally.
  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 Mnt Goat They have...fully de-pegged from the US dollar, meaning the program rate will soon no longer apply. The dinar is now on an “informal” managed float inside Iraq. They have changed the entire structure of the currency auctions with the new Electronic Platform. They have moved the rate from 1450 to 1320 and now to 1132... if you read the 5 years redevelopment plan issued 5 years ago, they are right on track. Sorry Goat, but I don't see that anywhere...The CBI website today still shows 1310...RON
  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 *** Dinar News Update *** Three days ago various news outlets from Iraq suggested that the exchange rate of the Iraqi Dinar has experienced a significant increase to its highest value in several years, at 1132. Boots on the ground reports confirm the CBI and goverment offiicals made reference to this sudden change in value. However, it is important to note that despite these reports, the CBI has yet to officially change the rate of the Dinar, which currently stands at 1310. In the past, discrepancies of this nature typically clarified within 24 hours. However, as of now, no such clarity has been discovered. We enourage you to stay alert as we keep a close eye on this peculiar situation as we await the gurus insights and updates on what the heck is going on here. Militia Man The next stage of the game is the final stage. That's my view. When they reveal, 'the direction and the plans of the central bank for the next stage to advancing the banking sector.' What are they trying to do? They're trying to get deposits. They want to lend money. They've got to a bottleneck IMV that suggests that they've got to a stage when...they need to lend money. Banks have a liquidity issue. They have to get deposits so they can lend. They need to get that money that's out there not-circulating, circulating. Pimpy It [the Iraqi dinar rate] used to be 1190 dinars for every 1 dollar. Obviously 1132 is lower than that. So we have now passed where we were at the start of all this...The market rate is 1155 or 1158 over the 1132? That margin is much smaller than where it was before. That's maintainable. Samson Article: ”Abdullah congratulates the advent of Ramadan and confirms that the House of Representatives will continue to perform its tasks and work". Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is showing the Central bank director of currency window and the CBI is on Channel One News...they're saying the CBI is training licensed banks on the electronic platform. It's a big deal. It's been going on all morning... FRANK: The CBI is educating you and training all the banks and their employees not only for internal use but right now they are preparing them for the float also. To be honest with you education is done it is the float they are teaching them... Friday's Opinions & Rumors - I was out of town Nader From The Mid East Whatever the CBI is gonna do ... the CBI make a decision everybody's gonna have to agree with it because this is a trust team...so whatever the CBI is going to decide everybody else is going to decide it's going to be happy. They're gonna have to sign off on it and that's it... Mnt Goat Is the IQD going to be reinstated on FOREX...? We now see that they told us recently this is where they are heading very shortly... Militia Man The triple zeros on our currency we have today...we believe...that's gonna change...one of the reason why I believe it's going to change is because Iraq is openly talking about coins. They're talking about smaller denominations. Those are the types of things that made me go, 'hmmmm, why did that happen?' Frank26 [Iraq boots-on-the-ground report] FIREFLY: The rate in the budget is going to exchangeable. They said it's going to start off at 1300 to 1 or whatever. It has room to play and change... FRANK: This is the RV phase...that's why there are multiple exchangeable rates for your budget but they're mainly for the float...This is massively huge for you to understand...It is not only exchangeable in the budget it will be exchangeable for you to be able to exchange the 3-zero notes to the new national currency they are bragging about. Clare Article: "An economic institution indicates a rise in the inflation rate, which is the "highest" in Iraq in years" Quote: "The Future Iraq Foundation for Economic Studies and Consultations announced, on Friday, that the annual inflation rate for January 2023 has increased, reaching more than 8.2%, which is the highest rise in Iraq in years." Nader From The Mid East The smaller notes in the ATM machines...is not true. The ATMs are not allowed it with the small categories ...for sure I know...They can't put small category in the streets and I know because I asked somebody very close to me to get some money...from the ATMs in Baghdad and there's still the same categories notes. This happened yesterday. nt pricing inside of Iraq...the only way of doing this is through having a strong currency...he is telling us how we are getting away from a dual currency and only deal in the Iraqi dinar in our nation for now on...the dinar will be strong and the reconstruction revolution is coming...All day the television Channel One has been educating us... FRANK: Monetary reform education! That's what you're getting buddy. And it's going to get louder. Pimpy What is the real exchange rate? ...the official rate is...1300...There's a discrepancy between the official rate and the market rate. When you read this article there's confusion and I can understand why. Article: "Ali Al-Alaq for Shafaq news: Wait for a decline at the parallel dollar exchange rate." Quote: "the parallel rate means the exchange are of the dollar in the market and not the official price set at 1132 dinars for every dollar." [Post 1 of 2] Pimpy I've been out of the loop for 3 days but I went back and I did not see any article that I could find that said the official rate for the Iraqi dinar moved from 1300 dinars to 1132 dinars. I think this is a typo. I might be wrong...1132...would be phenomenal...If this is truly the new exchange rate, 1132, that's a huge jump in the value of the Iraqi dinar... The lower this number becomes...the better it is for us who have invested in the Iraqi dinar. [Post 2 of 2] Militia Man What you and I and everybody else are waiting for is for the private sector. You're not going to get into the private sector without having an international acceptable exchange rate. They didn't do it at 1360 or 1166, 1192, 1460, 1310. What are they going to do when they change it to 1132? Really are they going to an international compliant currency at 1132? ...They're not going to go to the International market and be article VIII compliant at 1132. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Channel One News just did an interview with the Finance Minister he's saying soon the dinar will be parallel with other middle eastern currencies in the region. FRANK: Are you kidding me? That's absolutely fantastic! That's insane for him to say that. In other words he's telling you that when they reach the REER of the float the dinar will be parallel with other middle eastern exchange rates...everyday they are telling you more and more. It's getting ridiculous with the excitement of the monetary reform! You are inches away from receiving your new small category notes and new exchange rate... Mnt Goat Article: "THE RECONSTRUCTION OF IRAQ WITHIN A CLEARLY DEFINED VISION AND A DRAWN ROAD MAP BASED ON SEVERAL STAGES." ...the key phrase here is “several stages”...This reinstatement could not just pop out one day...But now we are in the stage of progress to get the dinar reinstated and then there are many more stages to work on the Iraqi economy. Folks they are following the plan as outlined in the “White Paper”. There is no secrets to what they are doing. yada ...Cant be stressed enough that the budget needs the rate, not the rate needs the budget. The budget is going through the motions and once the rate is released, it will sort itself out.
  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 Frank26 Question "Should we exchange one smaller 3-zero note first or our 50,000 dinar note first?" It depends on how many dinars you have. If you have a lot you have a lot of options...it depends on what you have so I can't really answer that because we don't know what the variable are. [NOTE: Consult your financial advisor at the appropriate time to create an exchange plan suitable to your unique circumstances.] Mnt Goat Are they conducting the project to delete the zeros to coincide with the reinstatement? They moved to taking the dollars out of the ATMs and they will only now dispense dinars. Rumors tells us they already recalibrated for the newer lower denominations and loaded them but I have to [no?] real proof of this occurring yet. Nader From The Mid East It's good if something happened in the month of Ramadan. Why? Because it will give you more time to change your money instead of give you one week, two weeks, 30 days. They will give you more than that. Why? Because they know in Ramadan the Muslims they're not going to bing their money to the bank. They're not going to make any profit from that money. They know if they make a profit of that money they're going to give it away... Frank26 You see an article that says there's 70 trillion dinars out there. No. The article is wrong. It's translated wrong. They collected over 70 trillion 3-zero notes. That's what caused all the confusion.
  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 Mnt Goat From my contact at the CBI: In the Mosque last Friday, they talked about the dinar once again. They told the people the dinar will “soon” be on the level of the other middle eastern currencies. So this explains to us why they published in Iraq that list of the top ten powerful currencies and it list the top 4 as middle eastern currencies ...Then to make our news even better, they said...that the “newer notes of lower numbers” meaning the new lower denominations would be out in public to support a new rate change. Folks they are preparing the public to what is about to come. [post 1 of 2] Mnt Goat If this was not all amazing news out pops an article about the coins and I quote – Article: “issuing coins in order to restore the value of the small currency, which has become worthless in daily transaction”...for Iraq to now be talking about bringing back the coins is yet another sign they must first change the rate to give the coins real value...we know these coins are available and ready for distribution. [post 2 of 2]
  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 Frank26 [Iraq boots-on-the-ground report] FIREFLY: The budget we heard has a rate of 1300 but also has amendments are coming to the budget...FRANK: I believe the budget will be exposed hopefully with the new exchange rate...and somewhere in there they are going to give you what they are bragging about...this is beyond exciting! ...as far as the budget coming out at 1300 to 1...they will amend it...there is a retroaction that will amend the exchange rate in the budget and prepare your currency to start a float. I pray that it starts 1 to 1. It could start lower. But the most important thing is that it is now starting. Breitling It's always been strange. When we first got into this and I started reporting on it there was more a buzz coming from Iraq, 'when are they going to add value?' than there is today. But today they're in a better position to do it. So it's kind of strange. Henig Article: "Political insistence on enacting law 'postponed' 16 years ago - urgent" Quote: "the law has remained for 16 years in the shelves of parliament, but the political agreement stipulated that it be passed, and this is what was included in the government program of Prime Minister Mohammed Shia al-Sudani as well. This law has become an urgent legislation because oil belongs to all the Iraqi people, and this law will guarantee the right for all...Halbousi added, the good relationship between the federal government and the regional government will soon push the legislation of this law." Clare Article: "Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar" Quote: "The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period...The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." [NOTE: The official CBI rate is 1310...this article states 1132. Is the article an error, a leak and/or foreshadowing of what's coming?]
  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 yada We are in the midst of the process...close enough to see the rate...A good week for us. As to how fast is of no matter, the fact is it has started...The activation of the ISO 202022 [international standard for relaying electronic messages between financial institutions.] was activated today so all the digital systems are connected. The SWIFT system on steriods connected with the regional BUMA system who will clear the dinar. And when the lower denoms are released - it's the trigger for us for the rate to be released. And NOW, a bit of BS from one of our clowns: MarkZ We are seeing some really substantial rates bouncing around the screens. $6.80 has been one we have seen for the dinar. We don’t know if that is a real rate or a place holder. We are also seeing dong showing up over $4 regularly. We really don’t know if they are placeholders or real rates... I'd love to know what screens they are watching - pure BS...RON
  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 MarkZ [via PDK] Now this is important: Coming out of state.gov. www.state.gov/report/custom/6fbb1fb8fe-5/ Under the section titled “Foreign Exchange and Remittance”... Section 6/paragraph 2... It states: The currency of Iraq is the dinar. (Here is the important part.) “There are no taxes or subsidies on the purchase or sales of foreign exchange” Now this is about Iraq and treaties with IQD and the US …so we don’t know for sure on other currencies. But the US government is clear on this one. No Taxes on exchanging IQD. [Note: It is unclear if this document is referring to bank business, or individual investors, or both. Consult tax professionals at the appropriate time to determine your taxes.] This could be a major game changer for many, and a boon for everyone who holds IQD..! RON
  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 Pimpy Article: "Iraq Must Not Squander Another Opportunity to Rebuild" It's the 20th anniversary of our attack on Iraq...20 years since the start of the war, since Iraq has been "liberated"...I like to believe this time around things are going to be different. I'm not happy about what happened with Sadr bailing out and allowing the coordinated framework to be there but so far the coordinated framework appeared to be doing all the right things. Let's hope they stay down that path - not for their own sake but for the sake of the Iraqi people... Frank26 It is my opinion you will see an exchange rate about a week before April 1st. Why would I have have such an opinion? You don't have the budget. You don't have the exchange rate. But once you have the exchange rate you can have anything you want in that budget. Do you have the budget? No. Did they tell you it's coming? Yes. For 3 years. Did they give you the rate for the budget? No. Militia Man They spent somewhere around $49,429,000 in 2018...on currency issuance. That would be for the new small category notes and potentially the fils, which are coins...March 17th there was the article that came out about the coins. It also spoke about the deletion of the zeros. Those 2 things go hand in hand. Article Quote: "the central bank is the only one responsible for supplying the currency, bank notes and coins to the country of Iraq." That's the central bank's job. They did that in 2018...we know they did issue currency to the tune of about just under $50 million worth and they did it for a reason. [Post 1 of 2] Militia Man Article Quote: 'The finance committee and the Iraqi parliament calls on the central bank to reintroduce the metal currency.' This was on the 17th - reintroduce metal currency. Why would you reintroduce metal currency if in fact you're going to come out as they state in the budget - 1300? Sounds to me from what we've read in the article...they have a caveat that they can amend the budget at any time... Quote: "small coins facilitate many daily banking transactions as the use of metal denominations and their circulation will give currency a legal value." So not only do they have value but it's legal..[Post 2 of 2] MarkZ It is looking like a great week. They are being forced into a corner where they don’t have a choice. One of the...big pieces of news coming out of Iraq is about coins and how they will be “immediately“ usable. The first story broke late Thursday into Friday. Then rumors and more confirmations over the weekend... Currently the 50 Dinar note is only worth .4 cents or so. A coin is only worth a fraction of a single dinar. This would make no sense. But we have had some clear indicators out of Iraq that 1. The rate in the budget is now changeable. And, 2. Coins can be used immediately to support the lower denominations. This is really important. Denominations of their coins is similar to our coins in Iraq...them being able to use coins is huge.
  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 Pimpy Looks like the momentum is in favor of Iraq and this new government. All the things we've been speaking about over the last couple days seem to be happening quickly...We got a 3-year budget now in the hands of the representatives. It looks like we have an agreement between Kurdistan and the federal government of Iraq. All seems well so far in Iraq. Frank26 Article: "The Governor of the Central Bank of Iraq appoints "Al-Haimus" as his deputy" THEY'RE BRINGING IN MANY NEW DEPUTY GOVERNORS BECAUSE IT'S A NEW MONETARY REFORM PLAN. Quote: "Al-Haimus had worked as general manager of the Trade Bank of Iraq (TBI) and head of the Securities Commission." THE MONETARY REFORM IS SECURE. MarkZ We do have some news coming out of Iraq.Article: “The Central bank of Iraq is preparing a lending strategy and recommends a plan to attract deposits” Why is this important? Because you have to have a workable currency to be loaning money…right? Not a currency that is worthless. Nader From The Mid East News Article: "Fifth Baghdad International Dialogue Conference -US Ambassador...Quote: 'Iraq can reach energy self-sufficiency in 10 years. Some say in less time...approximately half of Iraq's population is under 20...they want the skills necessary to compete in an increasingly connected global economy...they want a strong economy including a vibrant private sector that produces jobs...The United States is committed to help Iraq build its economic foundation'..."
  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 Sandy Ingram A Republican Senator or Representative has introduced a bill in congress to get rid of the Income tax and possibly the IRS. This could mean NO taxes on our exchange. There's a long road before any of this could happen... Clare Article: "Al-Sudani: We look forward to transforming Iraq into a center for world trade through the Al-Faw port project" Quote: "..transforming Iraq into a center for global trade between Asia and Europe through the great port of Faw project and everything related to it."..."Economic zones, residential communities and tourist attractions. We look forward from this giant project, which will extend over an area of more than 20 square miles, to open the way for an economic boom for Iraq," A great article ... with real promise..!
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