|
Search the Community
Showing results for tags 'opinions'.
-
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 Some opine that there is no such thing as a Redemption Center while others claim to be in contact with such Centers and their personnel. What they (redemption centers) are, is a simple solution to a simple problem. Many of the large banks in heavily populated urban centers were concerned about having the Dinar traffic clog their lobbies at exchange time. The solution is to have a separate, off-premises, specialized, Exchange Center, complete with DeLaru computers, in the most populated city in each of the 10 federal regions...I haven't been informed of any changes. Just say what they are - BANKS, without making up a story. MarkZ We got another bank story overnight from a wealth manager who is reaching out to clients saying “It is time- get everything prepared ” He means to get currency together and make certain they have ID’s updated if needed. He says they are at “Any moment now”. To me this is really encouraging as a lot of these stories are from bank personnel who used to say…”It’s a scam-don’t do it” when asked about buy foreign currency. Now they are telling me “you were right all along and get prepared”...we will not know the exact timing or the “when” until it actually happens. But they are now openly preparing many of their clients. We are hearing more and more repeat stories about this. But being leaned on hard to not share details right now. Pimpy I want to make myself perfectly clear - Deletion of the zeros, Lopping or redenomination are all the same thing. All they're doing is changing the face of the bank notes. That's it. An increase or decrease of the Iraqi dinar against other foreign currencies is a change in the exchange rate. That's different. And NONE OF US knows for sure what Iraq is going to do..! Militia Man The 2024 Word Global Summit... Article "Al-Sudani cancels his visit to the Emirates and apologizes for it" Why did he cancel? Why did he not go to a World Global Summit? ...all the other countries...180 are all there. Sudani didn't show up. There's got to be a very important reason why he didn't... Article Quote: "The Minister of Finance participates in the session of the World Government Summit in Dubai.." And Sudani didn't go...He stayed home, he talked about his borders...armed forces...his people...Why? He had to apologize for not making it. There has to be a very good reason I would think. We're going to find out what that reason is...Soon I hope.. 2-13-2024 Intel Guru Frank26 IMO when you see the prices in the [Iraqi] markets start to drop, get excited. Goldilocks Article: "Viet Nam’s exports surge 42% in January" Quote: "Viet Nam’s exports reached nearly US $33.6 billion in January, a 42 percent surge over the same period last year and the highest level since April 2022...The increase in their goods and services will begin to increase price pressures on their currency to meet these demands through digitized payment systems."
-
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 What I like about the Iraqi dinar...is there's progress, and there's been progress...The bottom line is ever since Al-Sudani has taken the helm...things have progressed immensely. Frank26 The next phase is the most difficult...most dangerous phase...You need a team...You realize how Earth shattering decision you're going to make in front of strangers that you don't know. That's why I told you to create your team. If you don't have the energy, desire, strength, will, knowledge to create a team right now don't worry about it, when the blessing occurs they'll be looking for you. You must make the proper decision on who is going to help you. These are powerful decisions that you have to make with your team because it'll affect you, and your children's children's future.
-
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: "Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history" Pimpy I've heard this story a zillion times - It [the Iraqi dinar] used to be $3.22 so if you adjust for inflation it's going to be much higher. If that was the case do you understand how much higher the Kuwait dinar would be? It's around the same as it was 7,8, 10, 20 years ago. You don't see them go, 'Hey this year we raised a whole another dollar because of inflation.' No. That's just ridiculous. I've heard that all before. It's not adjusted based on inflation...There is no currency exchange out there right now that you can find that's even remotely close to $4 let alone $7... Militia Man Article Quote: "The World Bank praises electronic payment systems in Iraq the best in the region." So they're praising Iraq as being the best in the region... Quote: "The infrastructure of the electronic payday system and software systems in Iraq is among the best systems in the region according to the Iraqi Central Bank"
-
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 There's evidence the project to delete the zeros off the exchange rate is underway or is still on the table. It exists and that's because of who said it. We know Al-Alaq has said it and it's been referenced to one of his financial advisors...Saleh. Frank26 [Iraq boots-on-the-ground report] FIREFLY: A representative from the CBI is talking to us in great detail about the new coins they will be giving us, along with the new currency notes...He said to us once again, the process to delete the zeros is in the process. It made us smile. He said this process is occurring because the lower notes will not be needed if the rate wasn't increasing. He said, if the CBI didn't come out with these lower notes the monetary reforms would be a disaster. He said that's why we need a change in our rate... Goldilocks Article: "Vietnam's Rise as a Global Manufacturing Hub in the Era of Resilience and ESG Compliance" Quote: "Vietnam's cost-competitive manufacturing capabilities, expanding consumer market, and supportive policies make it an attractive destination for foreign investment. Despite challenges, Vietnam is well-positioned to capitalize on this trend and cement its position as a key player in the global economy." Zester Here is a little news: Article: “Iraq revokes Iran’s bank Melli operation license” This article is interesting because of what is mentioned in it… That there are many banks in Iraq that are banned from participating in the daily US dollar auctions held by the CBI…to stop the smuggling of US dollars to Iran and that Iraq has reserves of over $100 Billion dollars held in the United States. From Rueters.
- 1 reply
-
- 8
-
-
-
-
- boots-on-ground
- articles
- (and 2 more)
-
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've been following the Vietnam dong closely. With all these corruption cases going on, we're talking about several politicians being sent to jail or going to court. With them cleaning up so much of their corruption I've really been paying attention to the markets and seeing if there's any news coming out about a possible change in exchange rate. I'm not saying it's going to happen but if these are the same people that's holding it down...hopefully they'll allow the exchange rate to increase...It's looking pretty good over there in Vietnam. Frank26 [Alaska Bank Story] BANK INQUIRER: I called North Rim Bank, they didn't want to talk to me at all because they said I don't have an account. They said I would have to wait 90 days after opening an account before I could even exchange. We scratched that bank off the list. Then I called The Credit Union One and Alaska USA Credit Union. They told me neither one do exchanges. FRANK: I suggest you need to go to a major bank ...Go to the state bank... BANK INQUIRER: I called USAA Bank...they do not do foreign cash exchanges. Then I went to Key Bank...They do foreign cash exchanges in the bank. She looked up the currency and nothing shows yet...They do not have a De La Ru Machine they said they'd have to send it out. Nader From The Mid East Here's what I can tell you. When the dinar changes everybody will know. Everybody in the whole world, everybody knows about. It will be all over the news. When Iraq will be sovereign again, when somebody declare the end of war and everything, that's what's going to happen...
-
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 praise from the international world, the globe, everybody around the world. Seven of the largest entities on the planet are reaching out... Article quote: "The seven countries, the European Union, the World Bank praised Iraq's government which with continued commitment to economic reform and stimulation the private sector and growth." These guys are stoked that Iraq is committed to economic reforms and they're giving credit where due. Kaperoni Sanctions on Iraqi banks for continued money laundering undermines the exchange rate and hurts the spread. Frank26 Question: "Are they going to put a cap on the dinar if it goes too high?" IMO this is an RI which means they should reinstate the value back to at least $3.22. That's the rate it was when it was brought down...$3.22 was back in 2003. What is it 21 years later it's still $3.22? ...It seems to me there should be at least anywhere from 20% to 30% added to $3.22 - Anywhere from $3.86 to about $4.25 would be a good capping range IMO.
-
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 Last year we sent many of you to banks and you came back with the same story, 'They said it's a scam.' Towards the end of December, 'Some of them are telling us it's not a scam and they talk to us.' ...January more and more banks are saying, 'We know. We just don't know when.' That's why I believe that bringing you a bank story with the bank information can be helpful. Clare Article: "Netherlands: About 60 thousand Iraqis live in our country and we are waiting for the Sudanese to visit" Quote: "Dutch Foreign Minister Hanke Bruins-Sloot announced on Tuesday that about 60,000 people from the Iraqi community live in her country, while she confirmed that Amsterdam is awaiting an upcoming visit by Prime Minister Muhammad Shiaa Al-Sudani."
-
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 There was a kind of documentary out showing how they were destroying triple zero notes. Think about it, if you had printed trillions and trillions of notes, it takes a long time to reduce your note count....The fact they were going to be doing this whole delete the zeros project from the exchange rate they were going to have a use for what? [Coins]. They even talked about coins in the last week...The project to delete the zeros, they're still in the process of doing it. Frank26 Article: "Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven" TAKES YOU OUT OF CHAPTER VII... AND PUTS YOU IN AN INTERNATIONAL BASKET! MarkZ Comment: They cannot use lower denom notes without the RV/RI- it would be an economic disaster. Mark: Yes it would. There is no need for lower denominations unless the big ones have too much value. Militia Man They [Iraq] have been on steroids... ever since Al-Sudani took office and they allowed him to go to the UN assembly meeting and then over to Davos. Now the UN is talking about releasing them from UN Chapter VII sanctions because the mission from the UN is coming to a close...
-
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 are many countries that have a ton of resources and the governments are rich but the people are poor. I've been a huge supporter of the Iraqi people. I keep praying their government gets their **** together and they're able to prosper from the resources they have. There's no reason for them not to. Sure I want to make money off the Iraqi dinar but...not at the expense of the Iraqi people...I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power. That means they're able to buy a lot more things with their money...An increase in the exchange rate would benefit them greatly... Clare Article "Iraq increased its possession of the yellow metal to more than 142 tons" Quote "Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons." SEE: Iraq raises its gold possessions to more than 142 tons - 2/07/2024
-
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 [Fort Worth Chase Bank Story] BANK VISITOR: I went to one of the largest Chase Banks in Dallas. This bank is different than I've ever seen. It was two stories and upstairs there was many window you couldn't see into. FRANK: A lot of banks are metamorphosizing their environment in order to be part of the exchange process... BANK VISITOR: I go and sit down and within 5 minutes this private banker, who BTW is Vice President on his card, comes over and greets me...I said I have a large amount of foreign currency and can you let me know when you will be able to exchange this currency. I didn't say dinar...I said I know we're getting close...with Chase being the number one bank in Iraq. He looked at me and grinned and he said, I've got a couple other clients just like you. [Post 1 of 2] Frank26 I email them from time to time and give them an update on what's going on...He said you know there's been a lot of speculation on the foreign currencies and when they were going to revalue. He never said it was a scam. He looked at me and grinned. He said we will be in touch with you. Then I said to him, let me ask you something, nothing against your other locations but how come they haven't treated me this way? They know who I am. I go there all the time. He said, this particular site is set up to help customers like you. He said, 'we are directly tied to JP Morgan in New York. This is how we operate this site'...You get that feeling when you're sat in front of these people that something's going on now and they may not be able to tell you all of it but they know who has what. [Post 2 of 2]
- 8 replies
-
- 10
-
-
-
-
-
-
- bank story
- rumor
- (and 1 more)
-
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 in the process of watching it unfold...Everybody should be able to be excited because the news is collectively showing Iraq is moving to a private sector/market economy and there's partnerships with the public to be able to facilitate it. Kaperoni I remind people again Iraq's entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars at present. With over 40-100 trillion dinar in circulation Iraq could never RV the dinar! Only with the success and growth of Iraq's economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq's GDP increases. Sandy Ingram The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves. The IMF has continually said Iraq needs more income streams to offset the oil industry. The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams. MarkZ Article: “Central Bank of Iraq is facilitating transfers” ...this has to do with the electronic platforms...the claim that they made...by government officials that Iraq has the most modern system in the entire middle east. This is big...It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies. (Reposted)
-
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 talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates...[Post 1 of 2-stay tuned]
-
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 already said this about the World Trade Organization - There is no certain exchange rate that you must have to get into the World Trade Organization. What they're looking for is an exchange rate that's very stable. Although...IMO I'm pretty sure they would prefer it if you didn't have so many zeros. Clare Article: "The Governor of the Central Bank of Iraq receives a delegation from the World Bank" A Separate Article Quote: "The World Bank confirmed on Wednesday that the infrastructure for electronic payment systems in Iraq is the best in the region."
-
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 If I was the CBI I would tell all my children that I'm going to give them pictures of the new small category notes that are about to come out...If I was the CBI I would not give them the exchange rate and the new currency together...the last thing we need is mass confusion ...If I was the CBI... Last Tuesday and Friday I would have told all my children, all my banks that within the next week or so to be prepared ...If I was the CBI I would say the next phase in the monetary reform is to make sure everybody outside of Iraq understands that we are about to retrieve our 3-zero notes...Iraqi citizens are already being told to do this. Militia Man Article Quote: "Iraq is better off now every than it's in its financial history." Even at a program rate, even at where we've been and what we've seen the central bank has probably done the job that they said they were going to do...Bottom line is Iraq has reserves...gold..more natural resources found, probably proven or probably...That is huge. MarkZ In Iraq we are being told “Denomination specimen sheets” are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations...If Iraqi banks are indeed doing this…we are awfully close. Clare Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote: "All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history." Walkingstick [Iraqi Bank Friend Aki update] Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!' Pimpy Is it possible the exchange rate of the Iraqi dinar increases and for whatever reason we can't benefit from it over here in the west? ...I want to make money off the Iraqi dinar but not at the expense of the Iraqi people. The thing that's most important is that the people in Iraq prosper from this, they've been suffering a long time...As far as the people in the west not getting a taste of this wealth, the only thing I can think of is the exchange rate changing and for whatever reason Iraq is still on sanctions so we have a hard time finding a place to exchange our Iraqi dinar because a lot of people aren't going to have the money to go fly elsewhere to exchange...That would be a scenario I think that could play out... Frank26 [Georgia Trust Bank story follow up from last week] BANK VISITOR: The lady I was supposed to be speaking with was out with the flu... [A new financial advisor] calls me and honestly it was a little confusing because the guy...acts like he didn't know anything. In fact...he said...I'm pretty sure this is a hoax. FRANK: First recording [story]...the lady says we know, we're preparing. Here is at the same bank with another officer that says [the opposite]...The same bank, you had people that know what's going on and then you have another person that doesn't know what's going on. One gives positive information and one gives negative information. They're both from the same source. That's the problem with a speculative investment. The evidence is out. It's not a secret... Mnt Goat ...I talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates..[Post 1 of 2 Reposted] Mnt Goat ...the rate will be whatever it is in the QFS system when the time comes to reinstate it. This will be the starting rate. All they need to do is bring it over to FOREX by mapping it from the QFS. It is a simple process. It will most likely be around $3-$4 when it does come out...Yes, when the IQD rate does come out, it could vary but only a drastic change in the price of oil will affect it. However, the projection is for the price of oil to hover around $70-90 this year which will still produce an IQD rate well within the range we investors want..[Post 2 of 2 Reposted] Hope this is true...! 👍
- 4 replies
-
- 12
-
-
-
-
-
- articles
- bank stories.
- (and 2 more)
-
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 Guru Clare Article: 'Approaching official'... Sudanese advisor reveals steps to reduce exchange rates in the parallel market" Quote: "He stressed that "there is a clear trend and encouraging beginnings in which the parallel market has begun to approach the official exchange market" MarkZ ARTICLE: “Vietnam pushes the Us to grant them market economy status” This could lead to the increase of the value of the Vietnamese dong. The US state dept has called upon Vietnam to raise the value of their currency.
-
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 Didn't Pimpy say there might be some slight changes to the Iraq dinar exchange rate within the first quarter? Yeah, I stick to that story. I don't think it's going to be anything significant. It's going to go up in increments if they do change the exchange rate. No where out there does it say that's what they're going to do...That'd be really nice if they did but it ain't going to be any major changes if they do it at all. Frank26 The moment this news is out every good person and every bad person will know. Bad people look for opportunities to take advantage of good people...Make sure you get a lawyer and a team put together. That team, it's what you want. I will have lawyers, accountants, IRS agent that I know, security. I will have a security team leader with me...to protect my wife and I. You're becoming something different. You're becoming very valuable. A lot of evil people take advantage of good people... MarkZ This one banking story...A person made contact with a manager in a financial institution…The manager told them to try to relax...it will happen sooner than you think…and I expect it to happen in the month of February. This is from a trained person in the banking system.
-
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 Iraqi judiciary and the US Treasury discuss sanctions on Iraqi people and companies" THE US TREASURY HELPS THE CBI CLEAN THE FLOOR Quote:"The two parties discussed the legal measures and sanctions issued by the US Treasury Department (OFAC) regarding Iraqi people and companies." Militia Man You're not going to LOP your currency. You're just not going to do that to your currency...Elementary school math will not allow Iraq's budget at 1310 to do any of this [Investments, reforms, reconstruction projects etc.] Walkingstick [Iraqi Bank Friend Aki update] This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment. tlm724 Article: "The Bank Of Jordan Links Iraq Through An Electronic System With Four Arab Countries" Quotes: "...Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq."; “...and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services.” MarkZ Article: “The US Treasury requests Iraqi cooperation to limit funding for armed factions” This is all part of what’s going on as Iraq cleans up. And yesterday - again in Iraq - they started openly talking about the exchange rate and the value of the dinar.
- 5 replies
-
- 7
-
-
-
-
-
- articles
- iraqi bank friend
- (and 1 more)
-
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: "8 Iraqi banks banned from participating in the window of buying and selling foreign currency" Eight banks were banned from the currency auctions...My guess is they got caught taking money over to Iran. That's usually what happens. Henig Reuters Article "Iraq bans 8 local banks from US dollar transactions" Quote: "Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official." Samson Article: ”Document... banning 8 Iraqi banks from participating in the foreign currency buying and selling window" MarkZ A lot of news coming out of Iraq this weekend. A lot of it about Iraq’s economic prowess. They are now ranked the 7th central bank in buying metals. Think about that. They are not in the G7 or the G20…but they are the 7th largest purchaser of gold bullion. This is amazing. They also point out that their oil revenues are now surpassing Saudi Arabia in exports to the US. There are a number of articles pointing out how financially secure is Iraq. To me this is a precursor to a change of value in their currency. Frank26 IMO this week they're giving the government of Iraq everything needed to fund the budget. The Central Bank of Iraq has finished with all its meeting... with all of its meeting with all of the people that are part of the monetary reform. All of the contracts are also in position, waiting for this to happen as well. Pimpy I'm sure by now you've heard already the United States is striking more targets...What we don't want to see is things escalating. There was an emergency meeting called to figure out what it is Iraq wants to do or needs to do. What we hope is their decision is not to enter into a conflict with the United States.
-
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 are like, ‘Are we going to get this rate reinstated?’ You don’t want that $3.22 rate to happen because you know what they’re going do? hey’ll delete the zeros first, swap out the currencies and then change the exchange rate. What you should hope should happen is we get to keep the same dinars that we have now and they keep going up in increments. Then we have the value of the extra three zeros on there… Militia Man Iraq is doing a phenomenal job...Thinking that this is never going to get done? And we have issues? Well of course. The Middle East has always got issues. But are they getting better? Yeah...Anybody and everybody that owns the Iraqi dinar...should have an idea where the Development Road Project is headed and where where their outlets are in the Mediterranean and in Europe. It'll make you wake up. Sandy Ingram Kuwait receives oil revenue in its currency. Wrong. Kuwait is a member of OPEC and receive its oil revenue in US dollars just like Iraq. It's all about how you spend your profits. This is why the IMF encourages Iraq to create more streams of income... Nader From The Mid East A lot of people's comparing Iraq with Kuwait. Kuwait is only 4,400,000 people...they have 104 billion barrels of oil. Iraq has 140 billion barrels oil and this is only with the 4 or 5 manufacturers. The other ones are not working yet. Iraq from here to 2025 will almost 300 billion barrel of oil...
-
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 We know Iraq is doing everything possible to get back on track and in the good graces of the international community. The problem is they got Iran as one of their neighbors...that keeps bringing all kinds of conflict into their country...Turkey...the Untied States as well as Iran have done bombings inside Iraq. All this is against their sovereignty. These are acts of war. There's not a whole lot Iraq can do about it...The last thing you want to see is Iraq all of a sudden become unstable. Frank26 Let's say you have 10-20 million dinars and you take it to a bank and you exchange it. No bank in the United States of America is going to hold your millions in their bank. Not physically and probably not electronically...You cannot park that much money in an American Bank. You may have to exchange your money in stages. You have to find protection for you money. The bank is not going to let you put more than they can cover in their bank...Some banks may change that and say we can cover that. Ask the bank... [Look into] Treasury Bonds, annuities...trust funds, property...precious metals...I'm going to diversity in these and many others. [NOTE: Consult your financial advisors at the appropriate time about a diversification strategy that's right for your unique exchange amounts and circumstances.]
-
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 ...News coming out of Iraq: Article: “Contract signed for new residential city near Baghdad” Will include more than 100,000 units. They are busy working on housing for their people. This is a large scale project worth big bucks…. How are they going to pay for it??? Walkingstick [Iraqi Bank Friend Aki update] Aki's orders for the month of January 1st to 31st were to establish all the electronic stuff for the monetary reform, to send the IQD internationally either via 1. a basket in a float 2. Stock Exchange. 3. Global supply and demand. Aki's role is strictly in three phases as well and he is ready. 1. Collect the IQDs for destruction by the CBI. 2. Exchange 3-zero notes into American currency. 3. He will not issue lower denoms. It is mathematically impossible... Militia Man Article: "Postponing Electronic Application for Housing Funds" They told us they were going to build hundreds of thousands of homes. They were going to have loans ready for them but they decided to postpone it. Quote "...until new mechanisms for getting loans is approved...' What's that about? You were going to open up for loans for hundreds of thousands of housing units but you posted it for a 'mechanism'. What's their definition of mechanism? They don't say but we have to think - Writing up a mortgage at 1310 exchange rate and that changing the next day creates a problem...They need to know how much.
- 4 replies
-
- 8
-
-
-
-
- opinions
- iraqi bank friend
- (and 2 more)
-
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 Where do you exchange your currency? It's going to be at your local [bank] branch. There are no redemption centers. Some places won't charge you fees depending on how much. Some of them have a flat rate. Frank26 How many times have we heard words electronic payment platform? ...We keep hearing it constantly because that's the phase that the monetary reform is at right now. It is preparing the vehicle where the dinar will get into it and drive out of the country domestically into an international market that will increase the value of the Iraqi dinar based on supply and demand... Sandy Ingram These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake. First: Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value Second: Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar. Thirdly: A sudden and significant increase in their currency's value could adversely affect their exports and trade balances. It could also lead to inflation...Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation. [Post 1 of 2] Sandy Ingram Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. [Post 2 of 2] Clare Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote: "...The financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed indicators of the efficiency of foreign reserves, while confirming that they indicate that Iraq today is better off in its financial history" Pimpy What they're trying to do is a study of the deletion of the zeros. They're trying to figure out how this is going to affect Iraq, to make sure they are in a position to go ahead and remove the zeros off the Iraqi dinar - currency, not the exchange rate. Because once they make that decision...the citizens are going to be a little confused, there's going to be a slight interruption to the economy and to businesses who have to change all their bookkeeping as well as prices throughout Iraq...You need to educate the Iraqi people about what's going on...
-
Saturday Early Afternoon Opinions @ 3:15 PM CDT - 2/03/2024
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 Holly Things are moving in the right direction and we are definitely looking good for this event to happen. I will not give a date when. Just sit tight and stay grounded till this happens. Pimpy A LOP is the removal and deletion of the zeros...There's no difference between them. It's removing the zeros off the currency. I've challenged all these people million times, show me proof. Show us an article where it says the deletion, removal or lopping of the zeros is coming off the exchange and not the actual currency... Pimple, that's only your opinion. That wasn't Shabibi's definition of "lifting the zeroes". Which would be validated when he made the statement that the IQD could sustain a $12-$14 rate. He's the original author of the plan. 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 MarkZ ...Rumors...from every corner of the “blogisphere” …they are saying the CBI has released rates to the government of Iraq and Iraq has released those to all the central banks in the world including the US…and that everything is locked and loaded. That is the chatter. This is very doubtful, because if that was done, the whole world would know it by now..! It would be impossible to keep it a secret. On Sunday, when the CBI has a Daily Auction, we'll find out that this was another false rumor. JMHO...! 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 Mnt Goat Article: "THE FINANCE COMMITTEE RESPONDS TO THE US SANCTIONS: LET US SELL OIL IN CURRENCIES OTHER THAN THE DOLLAR" Quote: "Imposing sanctions on Iraqi banks would undermine and obstruct the steps taken by the Central Bank to adjust the stability of the dollar exchange rate and reduce the selling gap between the official and parallel rates." ...the TRUTH finally comes out. This is what is causing the inability of the CBI to take the necessary steps to adjust the stability of the dollar exchange rate? ...if they the CBI did this diversification it would adjust the parallel market rate very quickly and then…..