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Showing results for tags 'opinions'.
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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 From the 9th to the 13th I consider that to be a very serious study window for us to pay attention. MarkZ A big thing that just happened is the reopening of the pipeline between Iraq and Turkey. They say it can handle an unlimited amount of oil. This is huge for the amount of oil they are exporting. This means more money for their currency. Mnt Goat Q? : Does Iraq need the Oil and Gas law in place prior to the RV? I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.
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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 I read this book [Quest For Good Money]...I kept playing with the numbers, reading my ass off... This is the formula they use [to determine the exchange rate]... The person that wrote the book said if they can get their inflation down, at it is down,...and they can catch up to their dinar price parity ...it should be at the pre-war rate...which is over $3.00. So I did the formula based on all the information they gave me, it came out to $3.56...I said wow, that's going to be phenomenal ...that is worth getting excited about ...The study does tell you that there's no reason Iraq can't be the most valuable currency out there... The question is always going to be whether they re-denominate or not. It sounds like Pimpy has had his eyes opened a bit by this book. Sandy Ingram In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies. Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately. People have 21 days to exchange their old notes and coins for new ones. It is expected the new currency will have a profound impact on inflation... The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold... The ZIG has denominations between 1 and 200. Militia Man Bottom line is Iraq has about $16 to $17 trillion worth of product in the ground (Plus Natural Gas) that they know of and they're going to go after it... Clare Article "Disclosure of Iraq's creditors internally and externally" Quote "On April 8, the Iraqi government announced a reduction in external public debt by more than 50%, bringing the debt down from $19.729 billion late. in 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year." Paulette IMO, UN resolution 1483 will have to be lifted to allow Iraq to be totally sovereign as it established the US and UK as "occupying forces"...This is in essence "Guardianship" or "Receivership"...Absent the lifting, the US has to give Iraq permission to do most anything Internationally including "currency reinstatement" ...I am hopeful that internal control of the money structure is exclusively in the hands of the CBI so they can at least move to the RD/RV stage of their monetary reform... If not, the upcoming US visit of Sudani may very well be pivotal... Saleh recently stated he was unsure of the status of 1483 according to news articles...
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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: Television is talking about Sudani's trip to Washington. They saying high security and military personnel will accompany him...It looks like we're going to go this time with a completely different exchange rate. FRANK: My hope and prayer is he will talk to you about your new exchange rate because it is time to do so. He has given you every hint... every scenario... every option of why you're about to have a new value to your currency, about why your currency will be more valuable than the American dollar...I am sitting... in great hope he will make an announcement that will add purchasing power to your currency and then go to Washington with that power representing him as the leader of Iraq, a free sovereign nation and not the loser of a program rate country with sanctions upon him. Pimpy The average dinar holder only holds 250,000 dinars... I wonder how Pimple knows this obscure detail - no proof its a fact
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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 There won't be no in-country/out-of-country rate, just not going to happen. If [there's a LOP and] you think you're going to be able to hold the old bank notes with the zeros on there just because you're out of Iraq and... the exchange rate jumps up to a high exchange rate and you think you're going to run down there with your 25,000 and swap it with that exchange rate and get more of a return, you're sadly mistaken...In country 1 to 1 - out of country a $3.86 exchange rate, that's not going to happen. The variance is usually somewhere between 1% to 3%... Mnt Goat We are just waiting for the “giant” leap when the CBI gives them the second rate change. This should bring in much if not all the remaining capital outside the banking system back to the banks that need it desperately for the economy to grow. This second rate change should coincide with the project to delete the zeros. Militia Man Remember when you say Iraq was paying for all of their major construction at 1310 you'll see...payments were able to disperse out of the DFI fund... Food, currency exchange programs, electricity, oil infrastructure programs, equipment for Iraqis, equipment for security forces, civil services, salaries, Ministry of budget operations - that's a broad spectrum... They had a lot of things that they could tap into that oil money revenue stream dollars [DFI}. It wasn't in dinars. Things have changed now... They have a time crunch... Since the DFI has gone into the Iraqi2 Fund you're going to see big changes I'm excited to see...
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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 Article: "IRAQ ANNOUNCES THAT IT IS CLOSE TO PRODUCING 5 MILLION BARRELS PER DAY" ...they are announcing that it is close to 5 million barrels per day. Oh… but the dinar is still at 1/6 of a penny? It is like they are ignoring the oil assets already on hand in determining the rate of the dinar. Even before the 1991 invasion they were producing 2.5 million barrels per day and the dinar was around $3.22. Now they are producing twice as much oil. So what’s going on here? ...The US is playing a game with Iraq and the IQD and most importantly... It’s people are suffering from it the most. War sanctions are over, and its time to give them back their currency along with their dignity. Clare Article "Two Iraqi fintechs listed in Forbes’ Top 50 Fintechs in the Middle East" Quote "Iraq Wallet (ZainCash Iraq) and NEO Pay Iraq, have secured coveted spots among Forbes’ Top 50 Fintech Companies in the Middle East, demonstrating evidence of the financial technology sector in Iraq’s rapidly developing creativity. Iraq Wallet (ZainCash Iraq) came in at number 6 in the region, while NEO Pay Iraq came in at number 35 in the Middle East." Pimpy Question "Do you think Iraq's government is sovereign?" To some degree yeah, but no. If that were the case Iraq wouldn't have to keep sending their budget over to us to get it approved. They would stand on their own feet. And that's what they are about to do, Pimpy..! Frank26 Q? : Do you think the world is interested in the monetary reform? No, you are. You are such a small populous. The amount of people that have dinars as an investment is minuscule. The CBI doesn't care about you having dinars. They care about countries that have dinars in their reserves. You're talking billions. That's serious money... It's not the contracts, businesses, companies that are excited about the monetary reform like you are. No, they're excited about the economic reform because that's where they're going to make money. If the economic reform is not successful they know they're screwed. Militia Man Article Quote: "Al Sudani uttered a very important phrase, 'keep the dinar...I bear witness that the Iraqi dinar will return to its lofty economic value as it was'..."' Lofty economic value is not 1310. It's not 1159. It's not 1182 or 1160 or any of those number. It's back to previous era like they said. They shut this thing down at...$3.22...The true value from the IMF... estimates were about $2.80. Those are their words not mine and in print... They can support it... Remember, Iraq was at $35 a barrel of oil. It's $85 right now. Then add in all the extra revenue streams that we know of... They're massive and they're just going to keep growing. And NOW, for some of Mark's ... ...! MarkZ Question: Where will redemption centers be? (A very dumb sheep question..!) Mark: I have been told this over and over that the majority of the US - 90% of us will have a RC within 50 miles of where we live. The only people who may have a longer drive are those in rural areas…low populations like the Dakotas and Wyo…They will not release exact locations before the event starts for security.
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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 The reason why Sudani is going to Washington is about the monetary reform. End of story. Militia Man Article: "Dinar and dollar" This piece was from March 4th, 2024 and is redone again fresh today. By stating they are going to overthrow the dollar very soon will be making it hard for the citizens to want to let their dinar go. Al-Sudani stated as we noted before to keep the dinar, as it will return to its lofty economic value, as it was before. From, what we know, there is a lot of issues on the table that are exchange rate oriented. This is a good sign.. imo. They are not letting the idea or the expectations of increased value to the dinar go away.
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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 People have been asking about how much dinar does the International Monetary Fund hold... or World Bank ...or World Trade Organization or US Treasury... There is no proof in writing anywhere that the United States is holding any Iraqi dinar. Yes there could be some Iraqi dinar being held in our foreign reserves but it's not 4 trillion... Google it, go on any website, go anywhere and see if you could find if these organizations are invested into currencies or any other investments whatsoever...you're not going to find it. That's not what they do...They don't hold the Iraqi dinar. That's not what they do. Frank26 To release executive order 13303 IMO was the domino effect that also released the DFI funds ...IMO the currency exchange of the Iraqi dinar is under the DFI fund. Executive order 13303 has not been resigned therefore the DFI fund is free to be returned, therefore Iraq needs to protect those funds with a new exchange rate... To not see Biden resign this executive order it means to me the monetary reform/new exchange rate is free as a bird to be exposed, to come out for the citizens to use to add purchasing power to their currency.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Sandy Ingram Zimbabwe has a new structured currency...People will have 21 days from Friday April 5th to exchange their currency for the new structured currency... [We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country. If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq. Pimpy Iraq is transforming in a very quick and powerful way is great news... The fact they're able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320... MarkZ Question: Do you think things have started? Mark: After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now. Militia Man Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq's favor as a whole. So give or take, whether it's before he comes home or after he comes home Iraq is going to be whole. That means everything is in Iraq's cards...they have the ability to be sovereign again. That's what we're waiting for. Frank26 Question: "How long do you think we'll have to exchange IYO?" I don't know. Normally they give you anywhere from 6 months to about a 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 Militia Man Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value. They have a a lot of assets. They have natural resources to the extent...they're 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world. They also have one of the youngest populations and growing populations... The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward... Pimpy You guys are still saying the LOP and the deletion of the zeros are two separate things. It's the same damn thing...LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing. It's called a re-denomination... When a country re-denominates the old currency is no longer any good... Pimpy, please do a little better research on what a LOP is and conditions it's used for, and deleting the zeros as Shabibi used it, and even Sudani recently, when he said he'd like to the the IQD at 1.32 to the USD. That's moving their 1320 rate to 1.32 (or the actual exchange rate of .0007633 to .7633) - both of these are the same value, and have NOTHING to do with a LOP. RON
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy On the one hand this [Closing Iraq's DFI in the United States] is a big step for Iraq. They now have control over their own funds and they can make their own decisions without asking for permission. On the downside we still have Maliki and the Coordinating Framework in charge of the government... This is a good thing though. It's a big step for Iraq. It's a big step in gaining their freedom 100%. Internationally it looks really good for Iraq as well...Untied States is saying, 'Look, we trust Iraq can deal with whatever comes at them...' Frank26 [Iraq boots-on-the-ground report] FIREFLY: Have not seen any of it on the news today about the lower notes that are going to be distributed in May... However there are a lot of rumors saying it was something out here today. We have not seen yet but we are looking... FRANK: There are many rumors about the monetary reform right now. Yes there seems to be a rumor about the lower notes...let's see what happens this coming week. Let's see how things start to unfold.
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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 Fnu Lnu Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation... To espouse such inciting commentary [against this]... negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel... Clare Article: "Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr” Quote: “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.” Sandy Ingram Iraq's prime minister will be in Washington, DC in less than 8 days to meet with President Biden. Pimpy There seems to still be some confusion about the official exchange rate versus the real effective exchange rate... comments like "When they get to the real effective exchange rate" or When they switch to the real effective exchange rate." Or "When they use the real effective exchange rate"...This is confusing...what a real effective exchange rate is...An official exchange rate is at which country's currency can be exchanged for another country's' currency...Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country's currency against the basket of it's major trading partners...Iraq already reports the effective exchange rate...It's already there...you don't have to wait for the real effective exchange rate to come popping up, it's already being used... Militia Man We're watching Iraq go international. It's an interesting study. It's fascinating... Iraq is coming up... Iraq is moving in the a direction to go international and it's phenomenal.
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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 Question: "How are changes to the Iraqi dinar going to affect the Iraq stock market?" 3 or 4 years ago there was a group of us invited to join a couple different people who were investing in the Iraqi Stock Exchange...When I first heard about this we were told that if we buy the stock now and when they reinstate the rate the value of the stock would really shoot up and we would have tons and tons of money...Iraqi Stock Exchange ...the cost of the stock is in USD not the Iraqi dinar. That's important...If the Iraqi dinar is re-denominated, that's when they LOP off the zeros...it would not necessarily require any adjustments to the Iraq stock. [Post 1 of 2....stay tuned] Frank26 When you hold up the new lower notes you will not be able to see all the safety features, not even with a black light. This currency is so far advanced you cannot counterfeit it because you don't even know what's in it. Walkingstick It's not 92% [of the 3 zero notes] they've collected. It's a lot more... It's at your doorstep.
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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 and Frank26 W. This monetary reform is right in front of your face. It's at your doorstep. F. I envision being at the very edge of a cliff, on my tiptoes, with my arms out, leaning forward, my head down, waiting for a gust of wind to let me fly.... Goldilocks Iraq is in the process of signing bilateral agreements that will support their infrastructure through their shipping ports. This move will help Iraq to spend their money locally and support their own economy. Projects such as this will help justify new values on their Iraqi 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 Frank26 Question: [ "I lost my receipt, is that going to be a problem?"] Yeah that's a problem when you get audited, but that's the only time it's a problem. When you get audited they're gong to ask you when did you buy that and if you've held your dinar for one year and have proof of a receipt you'll probably be in the 20% but if you have held it for one year and you don't have a receipt you'll probably be in the 40%. I'd rather pay $200,000 on a million than $400,000. You lost your receipt? Call the person you bought it from to see if their records have it...Did you write a check? Got to your bank and ask...please look up my check statement on this date on this month on that year...[Note: Some of us speculate the dinar will be taxed capital gains, others as ordinary income. The only opinion that matters in the end is the IRS's. Consult your tax professional at the appropriate time to determine the correct tax for your unique circumstances.] And at this point, even tax attorneys & accountants view the tax code differently. RON Pimpy Nobody knows how much dinar the US government has. Nobody does. You can speculate all you want. You don't know how much dinar they actually have. Or anybody for that matter. Militia Man They're going to pay salaries and they're going to start pumping oil. They're going to have to have some sort t of value in those assets and what we believe is that we're looking for is a real effective exchange rate...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power. Pimpy 12 to 1 exchange rate. Nobody was speaking about it. I showed an article, their article, not my article, their article saying they were considering the 12 to 1 exchange rate but they would not consider it until...2026. I didn't make it up. I'm just pointing this out in an article...I believe they are going to go up in increments between now and 2026. That's just my opinion.
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Saturday Early Afternoon Opinions @ 2:05 PM MDT - 4/06/2024
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 MarkZ Question: Is this weekend still in play? Mark: I do not think this weekend is in play. But many others believe this weekend is still in play. Most of what I am hearing is they expect most of the historic bonds to start between the 15th-22nd. Then Currency exchanges following directly on its heels. But, none of us know the timing. They cloud it on purpose. Sandy Ingram Deleting the zeros will not change the currency's value, at least it has not changed the currency's value for any other country that has deleted the zeros. [We] could not find information on the Central Bank of Iraq's website or any other reliable Iraqi news blog on deleting the zeros the past 24 months. Pimpy Article: "Iraqi economy faces threat as US closes oil revenue account" This latest move by the United States is something I'd be a little concerned about...Why the hell would you do that...? Maybe Biden is going to tell Iraq, 'You don't need these accounts no more. We're going to go ahead and turn everything over to you. All this is now in your control.' Which would be good for Iraq...It would be a big move on the United States part to go ahead and turn over all of that money to Iraq... Frank26 I believe [Sudani] will see the president with authority, with confidence, with power in their reforms. I believe he will see him exactly the way the IMF, World Bank, BIS, United States Treasury has described the monetary reform... MarkZ Comment: Ramadan ends April 9th or 10th…then 3 days of Eid El Fitr…where they like to give each other gifts…. It would make sense for Sudani to give it to the people of Iraq before Eid El Fitr. Mark: That would make sense...that is the celebration at the end of Ramadan. It would make a lot of sense for Sudani to release it about then. I forgot to hit send @ 2:05, and it's now 3:10 ... a dumb move - RON -
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 Goldilocks Article: "Viet Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region" Quote: "As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency." Militia Man They are ready to resume exports at any time. Why? Because they have the systems in place. Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.
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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 Article: "The Central Bank of Iraq clarifies the mechanism for depositing oil revenues abroad" DFI was part of something called Executive order 13303. President Bush signed executive order 13303...Clinton... Trump...Biden...resigned it. Guess what, executive order 13303...has not been resigned... Pimpy ...If the Iraqi dinar is re-denominated, that's when they LOP off the zeros, delete the zeros, reduce the zeros, remove the zeros, call it whatever you want, they're all the same thing...Re-denomination of a currency involves changing the face value of the currency by dropping zeros from the existing notes and issuing new currency at a lower nominal value...The nominal value of the 25,000 is 25,000 single dinars on one note. If we do a re-denomination and we remove the zeros off the currency, then they have to make whole new...smaller denominations...most likely going to have 1, 5, 10, 20, 50 and 100 dinar...So instead of having 25,000 written across the bill it's only going to be 25...If Iraq increases the exchange rate of the Iraqi dinar...this is different. A re-denomiation will have a slight effect, if at all, verses changing the exchange rate, increases currency value...increases the purchasing power for Iraqis... Mnt Goat ...we read in the articles today that the post-war DFI fund and its process is also no longer in effect. WOW! This means that oil revenues no longer have to be placed under US Treasury accounts in NYC...These remaining dollars will now be transported from the Federal Reserve Bank in NYC to the Baghdad, Iraq CBI...Yet more signs of full sovereignty not just on paper but tangible evidence we can see by events. The sovereignty of their currency is also coming and on the near horizon... WOW! WOW! WOW! We have waited so long to hear this good news.
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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 Frank Question: "The deleting of the zeros, would that lessen our dinar that we have here in the U.S." Yes, because...the moment they delete the 3 zeros it's going to add value to the currency and that's what you're waiting for - For them to add value to the currency so you can take your 3-zeros to a bank and exchange them for American dollars. Clare Article: "Iraq will become an "alternative" to the Suez Canal" Quote: "Iraq will become, during the next few years, a 'center' for international trade between the East and the Middle East and the West.”
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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 You know how close you are to this? If you're not as close to being prepared, good luck. Pimpy Question: "Do you think the war is finished with Iraq or not?" Because the war powers are still available to Biden, technically the war is not ended there...Until the war powers are removed from the president, technically we're still at war and you're still an occupied country...Technically we are still at war with Iraq. Mnt Goat What are the next steps? We know it is the in-country rate needed to support the Project to Delete the Zeros as the next steps and, by design, it is to retrieve all this stashed currency and get it into the banks from the hordes in the Iraqi homes. Common sense then dictates to us that the only way they will be successful in these next steps is to raise the program rate higher over the dollar to create an incentive for this purpose. This will be the second rate change we have been told would occur and have been waiting for. [Post 1 of 2....stay tuned] MarkZ I know a person in banking that helped to set up 3 redeeming locations. Now whether you want to call them redemption centers or redeeming banks …these are locations that have trained their personnel and has the equipment to handle the process. You can call it whatever you want. One location in N. Carolina borrowed my currency and me to help make certain their staff was trained. For me they are very real. Somehow, I find this comment hard to believe...!
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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 Sudani is not going to go see Biden with a resigned executive order 13303 because it means the monetary reforms new exchange rate is free as bird to come out. It means Iraq is a sovereign nation now with a sovereign currency...Sudani goes to Washington on the 15th...to announce a new sovereign and confident Iraq under new the new leadership of Sudani and his staff... MarkZ Comment: Praying this is the weekend we have been waiting for. Mark: I’m with you about this weekend. Either way I feel doggone good about April... A lot of people have been told its coming- It’s coming for so long that they don’t jump anymore when told its time for things… now suddenly it appears its time for things – so a bit of scrambling going on.
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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 Nader From The Mid East In 2001 they declare war with Iraq...There is a difference between ceasefire and the war is finished. For now it's ceasefire. No one declared the end of the war in Iraq. You see the coalition forces still there. You see the army. Maybe not a lot but they're still there. For Iraq to be free everybody have to get out of there. Any decisions Iraq made, anything Iraq do or does the United States ...have to say yes you can do it or not... The war didn't end. That's why you see Sudani coming out in the 15th of this month coming up to talk about the coalition to get out of Iraq. Walkingstick Executive order 13303 was the protection of the DFI funds of their oil money. All protected by the United States of America...No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds ... 13303 was not sighed. This is good. It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 We're headed in the right direction...We've been heading in the right direction all along says my teams. But many of you are still anxious for it to happen instantly. That's not how it works... MarkZ I am hearing great things from Iraq. Comment: let’s pray we’ll start scheduling appointments next week! Mark: I think it’s highly possible that we could. There was a lot of expectations from my Iraqi contacts for today…but I haven't heard anything from them yet. Pimpy Re-denomination, that's only removing the zeros off of the Iraqi dinar. That's much more different than increasing the exchange rate of the Iraqi dinar. Two different things.. Militia Man IMO you're not going to see the Oil and Gas Law until you see an exchange rate change. They're going to have to have asset valuation for that and we have not seen anything other than 1310... Breitling Do I believe in their [Iraq's] business plan? Absolutely. Artificial inflation...They have more customers and they're selling even more energy. How can it be at a 10th of a penny? Nobody can tell me this. Well Tony they printed too much currency. Hallelujah, praise Jesus! Why did they print too much currency? Why do they have too much currency? Did somebody tell them to do that? Was it Abraham Lincoln? Who was it? And why are they doing it? And now you can start putting this together. It's artificial inflation. They're selling their energy in the US dollar and that's what's backing up their currency. It's a massive opportunity. But that's the power of inflation. That's what happened to Iraq and they're going to get out of 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 Sandy Ingram In a startling development the United States has closed the account through which Iraq collects revenue form its oil sales...the Development Fund for Iraq (DFI). The DFI...served as a lifeline for Iraq to collect and manage its oil revenues. Iraq maintained this account with the US Federal Reserve Bank allowing it to receive oil revenues in dollars and use them to cover essential expenses in accordance with agreements with the United States...With the closure of the DFI account, Iraq's oil revenue is being directed to a new account, cryptically referred to as IraqQ2... Frank26 The contracts IMO they are renegotiating the exchange rate for the contracts. The issue is not whether to come out with a new exchange rate but which exchange rate to come out with... Pimpy Article: "The Minister of Finance and the World Bank are discussing support for the economic and financial reform program" Usually in the past I would say yeah, that all sounds good but we'll believe it when we see it. But now when you read this kind of news it's hard not to get a little excited because al-Sudani is doing a pretty good job considering his own political party is not working with him but against him. Militia Man Article: "The United States has closed the account through with the Iraq collects revenue from its oil sales" The DFI fund was closed on March 18th...Big change. We have not seen this before. Is it a smoking gun? ...If they were going to stop an account that had protection for all their oil money and they just now relinquished a couple weeks ago I think that's pretty big...They must have felt comfortable in a sense they could handle recourse on that debt...I'll tell you this, if they change the value from 1310 to a previous era, it'll become a lot cheaper to pay off their debts... MarkZ Question: Did Iraq get their bank accounts and money back from the US? Mark: YES. This is huge. This is enormous. Iraqs money for oil sales is no longer going through the United States. I was told this is what Iraq has been waiting on before they forced things to fruition...The closed DFI account is huge…And one of the things I was consistently told from government contacts in Iraq is how hard it has been for them with oil revenues going through the US. This has enormous repercussions for Iraq and their economic sovereignty. This is an important key piece that we just saw occur...Now we need the announcement on the HCL front, which I believe has already happened- we just need the announcement. Clare Article: "Iraqi economy faces threat as US closes oil revenue account" Quote "...with the closure of the DFI [Development Fund for Iraq] account, Iraq's oil revenue is now being directed to a new account, referred to as IRAQ2. This transition raises concerns...banking specialist Kamaran Qadir Yaqub...warns the protection previously afforded to Iraq's revenue may no longer be guaranteed." Mnt Goat In today’s news articles we learn about the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003. So, there is no extension this year...Why is this so important to us investors? First, the expiration of 13303 shows to us once again that Iraq is slowly moving out of the sanctioned mindset altogether. But now we moved to a new level. We know that in December of 2022, Iraq completed its war reparations payments to Kuwait and thus followed that all the remaining UN sanctions were lifted. [Post 1 of 2] Mnt Goat What happened next was the VERY quick response by the CBI to begin the de-dollarization process in Iraq in 2023. Then the unanticipated length of resolving the issue of the stability with the parallel market which delayed the process we are now looking for. Last week they told us the parallel market is now under control...I verified this with my CBI contact...Many investors have been waiting for this news...and tell us that this is a VERY GOOD sign for us in that since we no longer will be needing this protection, since maybe the dinar is soon to be free to move into its full potential as a sovereign, global currency...Remember it is normally renewed on April 1st and so what is in stored for us in April? Just saying. [Post 2 0f 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... So, take everything with a grain of salt ... RON Frank26 The HCL simply waits for the new exchange rate to be released, just like everything else is waiting for it. You, me, contracts, investors, Forex, etc etc. Goldilocks Wikipedia: "Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens." this executive order 13303 is being lifted. MarkZ Question: Have they already decided on a rate and date? Mark: My contacts in the ministry in Iraq told me they have set the rate. We are just not privy to that or the date.
