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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Aki Iraqi bank manager friend in U.S update] I have just been given my latest orders. I am being told to stay close to home. I will not be able to go to Thanksgiving...Christmas with my friends. My orders tell me that I am to stay here in Dearborn. The CBI bank is going to make us very busy during these holidays. We are having a lot of Iraqi citizens coming into our banks here...They...are talking to us about the same thing you are asking us. They found out they're going to get their HCL. They found out about the cards. They want to know how they're going to get their retirement money outside of Iraq. They also what to know if they will also be able to receive the new lower notes. Militia Man A new [financial] system that is fast and effect - digitally. Hopefully they're talking about they're going to have to have an exchange rate to do that. A Real Effective Exchange Rate gets them across borders. From here on out a different playing field, a digital playing field. I think that's where we are. I think it's really powerful information. Clare Article: "Al-Sudani sends a message to the US President: We are on the verge of a dangerous slide" Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani said in a letter addressed to US President Joe Biden and the European Union countries, on Sunday, that the region is on the verge of a dangerous slide that could drag it and the world into ongoing wars." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about what will happen once the currency auctions are stopped. They are talking about Iraq has a process to develop the infrastructure, this will protect us and give more security and stability to our currency through the CBI. FRANK: This is all part of the monetary reform education to you. When they stop those auctions it will completely freeze Iran from stealing and the corruption, and will open the door wide open for a new exchange rate and your lower notes. MarkZ Article “Al Rafidain: More the 4 Trillion dinars electronic collection amounts for government departments" this is a marked improvement to the government; a big increase in revenue from getting rid of graft and inefficiency by using electronic systems. They are very much streamlining their government. This has made a massive difference in stability in 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... So, take everything with a grain of salt ... RON SkyWalker Removing, or as Dr. Shabibi said, cutting zeros, IMO is not a lop. Many are confused on what deleting zeros means. How did the inflationary zeros get on the dinar we hold? The Saddam Swiss dinar was collected and swapped for the new dinar. Deleting the zeros is simply repeating the process by collecting three zero notes back to the banks and swapping them with lower notes. This would either increase the note count, or art best keep it the same...Does that make any sense..? MarkZ From the banking side...from someone who works in wealth management. They said “We would not be doing this level of preparation if we weren’t close”. In other words they should not be working weekends or throughout the week at this level if we were not close. They wouldn’t give me what to expect date-wise, but I find that encouraging. Breitling What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that's what they're going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City? So what was it that gave me confidence...? ...My whole thing is trade and trade routes. You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road. That's what I was watching. You had trade coming down from India and going through Iraq, Iraq up to Turkey, and Turkey to the European markets. That's what I had confidence in. I knew that. They had to put it together.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Article: "International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector" Pimpy Article: "Customs: Our revenues during 7 months of this year exceeded one trillion dinars" This is awesome to see! The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq. There was a lot of illegal activities, a lot of bribing going on. Quote "the authorities hope the revenues will reach 2 trillion by the end of this year." That's one hell of an increase. Sandy Ingram As of August 2024 the United States debt is $25 Trillion. Income taxes, by the end of the year the US will have collected $5 Trillion. The US government will spend $6.3 Trillion this year. This means the government has overspent by around $1.9 trillion dollars. The US is off budget. The government cannot lower its annual budget. It will more than likely pursue higher inflation and we will have to survive this financial situation. The Untied States hold 35 billion Iraqi dinars. An increase in value of the IQD will go a long way in paying down the US national debt. Militia Man World Bank Article: "Iraq has made progress in improving their business environment making it globally competitive" The World Bank is telling you, the world, Iraq is globally competitive so they're going to have to be Article VIII, Article XIV compliant with the IMF's concerns when it comes to their exchange rate. Is this a precursor to a move? It sounds like it.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man If you add up the oil, non-oil, tourism, all of the thing that's where they're going to be able to support the value of their exchange rate with a Real Effective Exchange Rate - Once approved by the IMF, Bank of International Settlements, The World Bank. This is really getting hot! Frank26 I suggested if you had a receipt and you've had your currency for more than a year, you'll be in the 15% to 20% tax bracket. Oh, but if you don't have a receipt or if you try to exchange your currency before...one year of you having it, you'll probably be in the 40% range...IMO [Note: Consult with your financial and tax advisors at the appropriate time to determine the right taxes of exchange for your unique circumstances]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ ...Chase always saying they have nothing to do with Iraq…but in the meantime they are opening 10 branches in Iraq while working with them to update their banking system. Mnt Goat I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Everybody should be going, 'come on Iraq! Come on World Bank! Come on Bank of International Settlements, IMF, US Treasury, US Federal Reserve!' All those players have been involved and they still are. They are not going to have a 1310 exchange rate. They're going to move to a Real Effective Exchange Rate based on fundamentals based off their non-oil products, non-oil revenues that will exceed in may cases oil output. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy told me a real rate international for us in his opinion is just north of $4.00. FRANK: Didn't we say that it would be somewhere between $3.86 up to $4.25? Of course it's only an opinion by Mr. Sammy and me but we both know Mr. Sammy's information has always been spot on. You are so close. Pimpy Article: "The International Coalition officially announces the end of its mission in Iraq within 12 months" It must be that time of the year. Every year they say the same thing, within 12 months. Clare Article: "The government-owned Rafidain Bank announced on Friday that it has collected more than four trillion dinars electronically for the benefit of 700 government departments... the total amounts that were settled and collected for the benefit of those government departments and deposited in their accounts at Rafidain Bank amounted to more than four trillion dinars."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: ”One of the most prominent dollar speculators was arrested in Ramadi" Newshound Guru Militia Man The market economy is coming together, the World Bank is addressing Iraq is moving toward a market economy. That means at some point, could be any day, any time, they're going to have to go into the international world.. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank guy Mr. Sammy still thinks maybe by the end of the year...but he's hoping November now. FRANK: My position has not changed...We feel this will be done this year...The evidence, action, mechanism that is needed for the new exchange rate and the lower notes to be introduced will all occur this year... Mnt Goat ...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros. No one in Iraq is going to get rich off this swap out. So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate. The banks are going to be VERY strict on this.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man World Bank [report] today praising Iraq, is in line with ample work is being done and yet to be reported. With as good as that report is and there is more to come that is suggested to be even better is amazing. Frank26 We know everything up to the float is done. To make it international will take you from the float to the REER.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "World Bank: Iraq has made progress in improving the business environment, making it globally competitive" Pimpy There's a lot of reforms taking place and a lot of great changes happening in Iraq. Just hang tight. Just wait for them to change. Clare Article: "2024 Census.. Planning receives 125 thousand tablets and stresses the confidentiality of citizens’ data" Quote: "The past few days witnessed the arrival of 125,000 tablets to the ministry, which will be distributed among researchers and enumerators in the governorates to conduct the general population census that will be implemented on the 20th and 21st of next November, noting that a curfew will be imposed on these days to facilitate the procedures of the census employees."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy...from what he's gathering and hearing in the rumor mill the currency swap out will be in November...But it's not official. He's not speaking for the bank. But what he's hearing, he's thinking this is pretty good. Mnt Goat Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!! Yada Article: "- The Central Bank of Iraq launched its financial transfers to Turkey in the euro currency." This means the business with Turkey, primarily the pipeline that was halted in March of 23 due to illegal usage is now opening back up with transfers in Euros. Add this to the Iraqis receiving their salaries from Jan 24 to Aug 24, we are in for great celebration with the rate release. IMO
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “Iraqi dinar under pressure amidst regional tensions” They hid in this article a piece that we really like. They are shrinking the dinar note count which will increase the value. Militia Man If you're going to create value, you're going to have to have smaller denomination and you likely will have to have coins. There's no need for coins if you do a lop. There's none. They will not ever do that and the reason why is because how in the world could you get by with a one note and the value of it at .0007. Come on. Frank26 The security and stability of the monetary reform of Iraq is at its pinnacle and its is going to protect this new exchange rate and the new lower notes. Walkingstick [Response to Frank26's Firefly report below] You put a mic in front of these parliament politicians and they instantly become economic experts...This is basic math. Samson Article: "The Central Bank of Iraq warns exchange companies against receiving a commission of more than 25,000 from selling the dollar to travelers" Fnu Lnu I have never been accused of being soft spoken...Taxes: ...There are rich people and there are poor people. The difference is that the poor pay taxes all their life and the rich pay little to no taxes. The Tax Code (IRC) is written for both. You DO NOT have to pay out one third to one half your exchange funds in taxes. You can use a Charitable Remainder Uni-Trust and pay only 10% in taxes and those taxes are deferred for 20 years if you wish. Find an Asset Protection organization or attorney...It [The CRUT} is a two page document and gives you the legal right to pay ZERO capital gains taxes...and you can buy and sell using the Trust...This is perfect for real estate but can be used for an unlimited number of purposes... [Post 1 of 2] [Note: Consult your tax and asset protection professionals at the appropriate time for you to create an asset protection and tax strategy appropriate for your unique circumstances.] Fnu Lnu Next, you do not need an army or "Team" to help you handle your money. You need only find a reputable asset protection firm or attorney...Doing it this way eliminates wealth managers, lawyers, CPA's, investment councilors, etc. The asset professional will usually have an in-house CPA...What exactly are you doing anyway? You are eliminating all three wealth killers. Those are Lawsuits, Taxes, and Estate Planning...You will...pay minimum taxes, and mitigate Taxes, Lawsuits, and Estate Planning. This...will insure that you get wealthy, stay wealthy, and pass your wealth on to your heirs without probate, estate taxes, death taxes, or capital gains taxes. [Post 2 of 2] [ Note: Consult your tax and asset protection professionals at the appropriate time for you to create an asset protection and tax strategy appropriate for your unique circumstances.] REPOSTED: Frank26 [Iraq boots-on-the-ground report] FIREFLY: On the news Alaq came in and talked again about the deletion of the three zeros and he said we have a process to enhance the dinar. He was explaining how they are going delete the three zeros and add value. Then this idiot comes on TV and he says to us dropping the zeros will not lead to a value increase. He's just a fool that hates this is happening. That's all Alaq talked about, again saying it's under constant review. FRANK: As far as the guy that comes out and says this is not good, that's it's negative; this is not being sent to you by Sudani. Don't pay attention to them. Only pay attention to your true leader Sudani.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ [via PDK] There is some good stuff out of Iraq today. Article: “Parliamentary conquest reveals an agreement to pass two controversial laws today” this is very important news. This is the personal status law and the Return of real estate to its owners covered by some decisions of the dissolved revolutionary command council law. These are settlements for other things that we were told we would see right before they do the dinar change in value. For me this is huge. To me this shows us how close we are. Frank26 [Iraq boots-on-the-ground report] FIREFLY: On the news Alaq came in and talked again about the deletion of the three zeros and he said we have a process to enhance the dinar. He was explaining how they are going delete the three zeros and add value...Then this idiot comes on TV and he says to us dropping the zeros will not lead to a value increase. He's just a fool that hates this is happening. That's all Alaq talked about, again saying it's under constant review. FRANK: As far as the guy that comes out and says this is not good, that's it's negative; this is not being sent to you by Sudani. Don't pay attention to them. Only pay attention to your true leader Sudani. Mnt Goat Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York...can the news get any better? Finally the US is engaging Iraq and seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting. In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur. MarkZ Article: “Erbil: Iraq has become a suitable environment due to security and political stabllity“ They said this today. What did Shabibi say? Give me security and stability and we will raise the value.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy As you're aware Iraq has some issues with protesters charging the US Embassy. I'm glad it has not escalated. Iraq has been doing a great job about staying out of all these little conflicts. We don't want them to get involved in these conflicts. They need to stay on a straight and narrow. They've been doing a great job of this. Let's hope that continues. This would be good for both the dinar as well as the stocks. MarkZ Article: “Finance Committee: Discussion of 2025 budget tables will begin next month” That is November. Why is that important? The rate. They are still settling out 2024 and 2025; now suddenly they are going to be ready for 2025 and its tables? I believe this tells us we will soon have a rate in order for them to fix those tables.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article 1: "Al-Sudani orders immediate investigation into missile attacks on Baghdad airport" Article 2: "Interior: Arrest of the commander of the force holding a site in Al-Amiriyah from which missiles were launched at Baghdad Airport" Frank26 Protesters are Iranian; they infiltrate Iraq because of what's going on. They want money. They don't want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down. They want to *********** the process. It's not working. I don't think it's going to work... SkyWalker [Response to Militia Man 10-1-2024 below] You stated that the zeros will be removed from the exchange rate .00076 will equal .76 cents...The zeros are...removed from value. An exchange does not represent value because it represents a ratio between two currencies hence the key word being "Rate"...The author of the delete the zeros program Dr. Shabibi clearly stated why the zeros were added to currency note due to inflation. As many articles have stated the zeros will be removed from the nominal value of the currency note. Reviewing many articles I do not recall seeing any article from the CBI or Iraqi government that is aligned with your multiple explanations of where the three zeros will be removed from...A speech that Dr. Shabibi gave...there was never a mention of removing zeros from an exchange rate... Repost: 10-1-2024 Militia Man If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency. If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny. If you drop the three zeros off the exchange rate you've done a big service. You've created value to that currency because if you drop three zeros from the exchange rate that is .76 ...They can then add the Real Effective Exchange Rate based off the non-oil revenue streams...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "Can you please share some details about why you stated that those in California will have to know what they are doing [when the time comes to exchange]?" Because you got a bad government there. They go with policies that are illogical let alone indecent. Yeah, California taxes are going to be insane. Militia Man If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency. If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny. If you drop the three zeros off the exchange rate you've done a big service. You've created value to that currency because if you drop three zeros from the exchange rate that is .76 ...They can then add the Real Effective Exchange Rate based off the non-oil revenue streams... Samson Article: ”International Finance: The Central Bank of Iraq is a model for developing strategies that serve the development of the banking sector" Walkingstick Question: "Are the new [Iraqi bank cards] based on the new exchange rate?" Yes. Jeff Article: "Iraq presents to the US Treasury date for abandoning the currency auctions" The auctions will end or be abandoned the day the rate changes. The rate will change on a Sunday morning. That's when the currency auctions will end, when the rate changes. This article's saying the currency auctions will end by year end. They're talking to US officials...They're just making a generalized statement, saying by year end...So by the end of December...the currency auctions will end meaning the rate would have to change allowing the auctions to end... Frank26 [Iraq boots-on-the-ground report] FIREFLY: There's a lot of good information coming out soon but won't be nothing about the rate yet. Mr. Sammy [Iraqi bank manager friend] still thinks it will be right after the end of the year when they stop the auctions. Pimpy Unfortunately it is everywhere. Protests are happening in Jordan, Turkey, Iraq...For those of us invested in the Iraqi dinar we're definitely paying attention to what's going on over there in Iraq because it could have an effect on the Iraqi dinar if we can't get things calmed down. We'll keep an eye on it and see what happens... Militia Man Alaq says we're going to enhance the confidence in the dinar. Remember what Sudani said. He warned the citizens twice at least, to be careful with your dinar. Don't get rid of it. It's going to be stronger. Openly, the two big guys, Iraq prime minister and Iraq Central Bank governor has told the citizens we're going to bring value. Sandy Ingram Tensions are soaring in Iraq following the reported death of Hezbollah leader Hassan Nasrallah...Thousands of angry Iraqi demonstrators converged on the US embassy in Baghdad, where they attempted to storm the compound, clashing with security forces armed in riot gear...Their fury has added to the growing unrest in Baghdad, where the situation has become increasingly volatile. In response to the escalating crisis, security measures have been significantly ramped up in the city's fortified Green Zone, but protests continue to intensify as anger spreads. The situation remains fluid with heightened fears of further violence. Frank26 They say that they wanted this monetary reform to be done at the beginning of the year, remember? Unfortunately no, they weren't ready. But they sure are ready now. Mnt Goat Article: “CENTRAL BANK GOVERNOR ANNOUNCES SUCCESS OF DIGITAL TRANSFORMATION PLAN IN IRAQ” ...the CBI has told us just recently that Electronic Banking is an important step in the currency reform and banking process. WOW! WOW! WOW! I do not think he is saying final success only that there is good success so far; we were told the goal is about 80% of the working citizens. Quote: “it clearly indicates the success of the digital transformation and electronic payment plan, and the percentage rose from 20 percent a few years ago to 48.5 percent” MarkZ Article: “KDP Mortgage census to apply article 140 to return displaced Kurds” This is really big and one of the things we were expecting...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani postpones his visit to the United Kingdom due to regional and international developments" Militia Man Article Quote "Central Bank seeks to withdraw excess liquidity" When the central bank of Iraq is removing excess liquidity, that's taking in dinar, what does that do? Enhances the value of the currency - Supply and Demand. Reduce the note count, the value goes up...That's the way it's always worked and it always will IMO. Pimpy Article: "Iraqi authorities close Green Zone gate amid Shiite protests over Nasrallah's assassination" Things are so bad Iraq has now had to close the green zone. We haven't heard about them closing the green zone in at least two-three years. They've been open that long. Frank26 They're giving them a date of when they're going to stop the auctions, the window. Now they tell them we're lifting three zeros, you're getting purchasing power. They tell them you're getting the HCL. Then they go a step further and they said our currency is going to be stronger than the Jordanian dinar...It's going to be more than Jordan's currency...I believe they're going to reach the REER through the float at around $4.25. Clare Article: "What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud Dagher" Quote: "Economist Mahmoud Dagher pointed out that deleting zeros will not change...the purchasing power of the dinar...Instead of carrying a bundle of 50,000 dinar notes, it will be possible to compress them into a smaller number of notes after removing the zeros, and this will not change their purchasing power. The amount of money on offer...is equal to 105 trillion dinars, and after removing the zeros, the amount will be 105 billion dinars, which is exactly the same amount, and the exchange rate will change from 1320 dinars per dollar to 132 dinars per dollar." Harlequinc3 [Response to Clare Article above] This gal’s only got 1/2 the picture...CBI won’t just remove 3- 0s without adjusting the nominal exchange rate and then adding purchasing power to the dinar — a rate change to you and me, we might call it an RV, though their end game is reinstatement. This gal is just referring to swapping out currency for Iraqis only. He’s not taking into account what happens to the dinar internationally. To an Iraqi, removing 3 0’s is just taking old dinar out of circulation and replacing it with smaller bills/digital payments. That’s why this guy is talking about a partial peg. The CBI is talking about a pure float. He’s only looking at half the process. This article is addressed to Iraqis only. IMO of course. Militia Man In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar... Article Quote: "...this is done by removing a specific number of zeros from the nominal value of the currency." From the value of the currency not the currency notes but the value of the currency... Frank26 They tell you [Iraqi citizens] there is an imminent change coming to your currency almost every day now. That is very exciting. These are the words we've only dreamed about in the last 5 years. To see them almost every day is rather shocking but very exciting right now...This is getting crazier and crazier every day with so much excitement and so much information about the monetary reform being sent directly pinpointed to you Iraqi citizens from Sudani. Pimpy Article: "Thousands of protesters trying to storm US embassy is Baghdad after Nasrallah killing" Iraqi protesters are trying to storm the US Embassy in Baghdad...How does that affect Iraqi dinar holders? The last thing you need is for there to be an unstable country with protesters tying to storm the US Embassy...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article Quote: "Mazhar Mohammed Saleh, economic affairs advisor to Prime Minister Mohammed Shia al-Sudani, described the banking system in Iraq as rentier par excellence...noting that this requires a comprehensive reform process... Saleh stressed that this requires a comprehensive reform process to create market institutions, indicating that this enables the banking market to be integrated with the international financial and banking system and become attractive to global banks on a large scale." Kaperoni This is a good quote from that Article "The expected path of the Iraqi economy" Quote: "The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally, the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope." Frank26 [Iraq boots-on-the-ground report] FIREFLY: The census is now...November 20th and the 21st. We will have a curfew during those days. Militia Man Article: "Minister of Transport announces the establishment of the Joint Maritime Authority between Iraq and Britain" ...Massive amounts of trade is coming to the ports of Iraq. I suspect Al-Sudani and his teams are fully aware of the priorities needed to make it all 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... So, take everything with a grain of salt ... RON Frank26 I believe [local banks] will send the currency to headquarters. JP Morgan is going to do everything for you. The bank you have an account with is the place where you're going to put your money in. JP Morgan will exchange your dinar for your American dollars and then electronically they will credit your account at Chase. But JP Morgan will be, what I call, your team. It doesn't have to be your team, you can create your own team. These financial advisers will offer you a lawyer that represents them, not you. You want to be prudent. Do not go with just one opinion. Get more than one opinion... Samson Article: "Wardastan deposits about 100 billion dinars of non-oil revenues in the Iraqi state treasury" Militia Man Al Sudani said Article Quote "The time has come for Iraq to take its natural place in the international community." I think that's going to resonate with every one of us. Get ready. Pay attention! Sandy Ingram [We] keep hearing about international standards from the Central Bank of Iraq. We can only hope that this means the country will be joining the international community in the foreseeable future. Frank26 Sudani went all around the world visiting many countries and their banks inviting them to invest in Iraq. In that time the dinar went international. He showed it to them. That's why there is so much financial structure pouring into [Iraq]. Economic reform is about to explode even more than it already has. Samson Article: "Al-Sudani returns to Baghdad after participating in the UN General Assembly meetings"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article “Al Sudani advisor indicates a significant development in Iraq’s financial capabilities during 2024” Talking about what they have accomplished with cleaning up banking, more non-oil revenues. This article is a great little victory lap. Militia Man They will need to have an international IMF Article XIV and Article VIII compliant currency. One that the Central Banks can defend and likely in a very fast and efficient manner with the most advance systems in the world. The focus in the future is going to be instantaneous cross border payments 365/24/7 and no blackouts with little cost. It is now the time to be paying attention... Sandy Ingram One significant difference between Iraq and many other developing and established countries is Iraq's consistent willingness to pay down debt. Iraq's foreign debt has now fallen to below $10 billion dollars according to Saleh, financial advisor to the Iraqi Prime Minister. Provisions have been set aside to ensure these obligations are met. These external debts are largely tied to the Paris Club Agreement ...Iraq is on track to fully pay these obligation by 2028. Saleh highlighted the importance of Iraq's relatively low level of foreign debt, noting it has significantly improved the country's financial standing in the eyes of global credit rating agencies, including the US based S & P. Jeff World Trade [Organization]...one of the major things Iraq needs to really move forward towards membership is they need their MFTR [Memorandum of Foreign Trade Regime] completed. Article Quote: "The completion of all these requirements was confirmed in March of 2024." Iraq's next meeting is roughly November 6th through the 8th. They will...have all steps complete. That's when they would be eligible. Their 30 days towards membership would start right around early November. Full member probably by the end of December of this year.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: We have heard for the last five days all on the news about the deletion of the three zeros. That's all they talk to us about. FRANK: You say you've been hearing about lifting the three zeros in the last five days? In all honesty you have been hearing this for the last five months. It's just that it's very concentrated on a daily basis now... Mnt Goat ...my CBI contact told us the committee was planning to begin the roll out of the currency swap out in November. You will not see the US Treasury leave the CBI until this is done and the Project to Delete the Zeros (swap out) is completed.
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Saturday Early Afternoon Opinions @ 2:10 PM CDT - 9/28/2024
ronscarpa posted a topic in Dinar Rumors
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Iraq is talking about "economic confidence", "consumption", "investment", all of these things. At 1310? I don't think so. I don't think that's what they're talking about. I really don't think Iraq is going to be the savior of the international financial system or bring any confidence to the world at 1310. Because they've been at 1310, 1180, 1166, 1182...1460...but have they done anything about it? Are they internationally on the Forex trading? No! MarkZ and Militia Man Militia Man: Iraq has done so much work and we all know Al Sudani was just in New York again at the US assembly. He also had sideline meetings and had his speech and returned home yesterday. With Sudani back now, why couldn’t it happen at any time? To me there is no reason it could not happen at any time. Mark: I agree. He’s done the victory tours, he has told the world they are restored and fully international. Time to see the fruit of his labors. I wouldn’t be surprised to see my phone blowing up this weekend with the news that it has happened. -
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 You can see the excitement of what's going on is no longer a secret and it's being advertised and published and talked about and bragged about all over the world from New York, the United States Treasury, all the way back to Iraq. The whole Middle East is on pins and needles. They all know. They're excited and they know it's going to affect them as well too... Samson Article: "Treasury praises growth of non-oil economy in Iraq" MarkZ Article: “The goal of the census is developmental, economic and Kirkuk second in completing the numbering and inventory process” So they are doing a full census in November to figure out which money goes where. I do believe this occurs right after the HCL is wrapped up and the government can then distribute the new funds. I was told to look for a census, and now we are finally getting it. Clare Article: "A specialist details the negatives and positives of removing zeros from the Iraqi currency" Quote: "Al-Mawsumi said...The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers, and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value. Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power." Militia Man Article: "US support for Iraq’s reform steps.. Non-oil GDP indicators rise and exceed twice the population growth rate" They are clearly hammering the concept of Iraq's ability to reform her banking and financial sectors among the many other sectors, namely the non-oil sectors. They have had a significant focus on the 6% growth rate in revenues... There is also a focus on the international financial connectivity...Thus, with the focus they have on these topics we can see that they mean business... Jeff Iraq can only change the rate at one or two points in the year, beginning or the middle of the year. That was stated by Shabibi. If Iraq was going to revalue at any of those times you would see them increase their steps and actions preparing to revalue. In this month of September those steps has occurred. They have increased their actions getting critical steps...laws done. They have tremendously ramped up. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Successful meeting today with the United States Treasury with Sudani. It looks like the sanctions will be all off. FRANK: They're reporting to the Iraqi citizens what they're accomplishing at the United Nations with the US Treasury, but this stuff is old. It's ancient history. What you are seeing is nothing more but formalities. I am excited to see Sudani return back and talk to you Iraqi citizens.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "The Central Bank of Iraq is required by the Federal Reserve to stop the platform, liquidate banks and merge others" Clare Article: "Al-Sudani concludes his visit to New York by meeting Guterres, who praised the discussions to end UNAMI’s work in Iraq" Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see articles on the news, reporters saying the imminent change to our currency is coming. Then he talked about deleting the zeros and the good that this would do and the bad. Then said our dinar would be stronger than the Jordan dinar.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "Prime Minister discusses with US Secretary of State ending international coalition presence in Iraq" Militia Man We had three articles the other day and now we have another one out today. Article: "Removing zeros from the Iraqi dinar is back in the spotlight: Strengthening the currency or just changing its form?" Quote: "...Remove the zero...is done by removing specific number of zeros from the nominal value of the currency." They didn't say from the currency bills themselves. They're talking about the nominal value. For all you folks out there that have been talking about a lop, please just read and see...What is the value of your currency? Today it's .00076. If you take off 3 zeros what do you have? .76 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy [bank friend] expects by the end of this year or early '25 we will see what we're looking for, but he agrees with you it could happen at any time in the next three months of this year. FRANK: Mr. Sammy and I are on the same page. The only difference is he's truing the pages a little slower than I am. I do not see this going into next year. Fnu Lnu I would like to assure the Dinar investor community of a couple of things. There comes a time when common sense and logic must prevail. There will be NO travel necessary to exchange your Dinar for American dollars (USD). You will not have to go to Jordan, Egypt, or Syria. There will be NO $0.10 revaluation. It was already at the rate of $3.22 to 1 Dinar when the only resource was oil. Dr. Shabibi, the preeminent expert, stated publicly, that Iraq could sustain an $16 to 1 Dinar rate but lets not get greedy. $4.80 is just about right. Stay tuned because I will have a mind bender coming for you next time and it will really make you think. Jeff We had five of these articles talking about deleting the zeros, and then one today, so six total within 3 days. Very amazing. Removing zeros is getting rid of the large 3-zero notes and replacing them with smaller size currency notes but at an increased value. So when the rate changes the large notes have the same purchase power before the rate change as the smaller notes after the rate changes. They would have to increase the value for the currency, strengthen it, to delete the zeros. This news is looking really good.