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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 Ministry of Finance begins checking the amounts within the current expenditures to include them in the budget" FINALIZING THE BUDGET WITH A NEW EXCHANGE RATE. Pimpy I hear people say this all the time, 'The Iraqi dinar is a fraud.' No it isn't. It's not the Iraqi dinar that's a scam. It's the individuals out there committing fraud using the Iraqi dinar to do so.
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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: "The Sleeping Wool Shelf" pushes the price of the dollar in Iraq to about 160,000 dinars" Quote: "Nassif wrote, in a tweet...via Twitter, on the occasion of the rise of the dollar to 154,000 dinars and its direction towards 160, we say, Sleeping, Sharif al-Sawf, and the dollar is suffocating your people."
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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 Henig Article: "Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget" Quote: "The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval". -
Clare Article: "The Iranian currency recorded the largest decline in its history" Quote: "The Iranian riyal recorded, on Thursday, in the Tehran free market against foreign currencies, a new collapse, the highest since the "Iranian Revolution" in 1979, as the price of the US dollar exceeded the value of 400,000 Iranian riyals." Mark This to me is a big piece. Article: “Exchanging dollars in banks is a practical approach to achieve stability in the exchange market says PM advisor” They need to create the infrastructure for an exchange and they are knee deep in it. They want it operational by January 1st. This is important for us to watch. Militia Man Article: "Finance completes the first phase of the national strategy for integrity and combating corruption" The automation of the borders is a major step in fighting corruption and adding revenues to the bottom line. All of it supports the investment environment within the country and the future true value of the 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 Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market" 3 ZERO CURRENCY IS ALREADY AVAILABLE IN THE BANKS OF IRAQ...SO THE MONETARY REFORM EDUCATION TELLS THE IRAQI CITIZENS ABOUT THE NSCN's. Quote: "This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks, adding, There are decisions that we hope will be taken so that we can end this daily massacre of the dollar." THE MONETARY REFORM MECHANISM..! Clare Article: "Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget" Quote: "The fluctuation of the dollar price and its determination in the 2023 budget are the most prominent obstacles to approving the budget, in addition to some items that have not been put up for discussion so far, so it is unlikely that the budget will be approved early."
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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 Frank26 says Iraq is going to remove the three zeros off the 1000, 5000, 10,000, 20,000, and 25,000. Does he not understand that is a neutral event/LOP? ...Guru Mtn Goat says we want to see Iraq begin the project to delete the zeros and introduce the smaller denominations. No we do not want to see this because the project to delete the zeros is a currency exchange/LOP. Not what we want to see happen. Frank26 2003 - That was 20 years ago. Don't you think, would it be fair, wouldn't it only be logical, could we assume that the Iraqi dinar has gone up in value? Especially with the massive attention everyone is giving Iraq right now under the table quietly? So .26 which is approximately $3.22 is Ok. Then it wouldn't be too bad to consider .29 is $3.44 ...Remember what Kuwait said to the IMF? You can help them with their monetary reform but don't you dare let their currency be higher than our exchange rate...what is Kuwait's exchange rate? He is born - Christ the King - The Light of the world - JESUS..!
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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 and banks urgent action to control the foreign currency market" This is extremely important. THE FLOAT REPLACES THE AUCTIONS FOR THE SECURITY AND FOR THE MONETARY REFORM Quote: "...among other rumors is that the central bank will make a new change to the current price..." Pimpy I've been saying this for along time - I don't care what politicians jumps up and down and makes a big scene, it's not up to them. Unless you hear something come from the Central Bank of Iraq directly, then all the talk out there is speculation and rumors. Clare Article: "Al-Sudani: Inflating currency selling prices aims to remove the dollar from the country" Quote: "We asked the central bank to take quick steps to compensate for the dollar shortage in the markets The Central Bank took measures related to diversifying foreign transfers to cover imports The financial situation is at its best, and the reserves of the Central Bank have risen to $96 billion"
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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 We're going to be realistic about what's going on and I'm going to try to do what I can to bring your attention to things that we should be watching for before we see an actual increase in the value of the Iraqi dinar. Mark Article: “Al Rafidain bank announces the direct sale of the dollar to citizens” So they are doing it all at the bank…whether you want dollars or dinar…if you are traveling you will not have to go to a street vender.. This has brought much more stability to the dinar over the last 2-3 days. This is a key sign that they are preparing for the exchange process. Hopefully...but Pimpy has a few things to tell us soon..!
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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 This is breaking news. Article: "CBI takes action to stabilize Iraqi dinar exchange rate" The CBI has announced measures to help stabilize the dinar/dollar exchange rate. One of the measure they are now doing includes allowing banks to participate in buying and selling any amount in foreign currency... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The HCL is still being worked on. They are back in Baghdad meeting right now. This has no final agreement signed now. We're not too concerned about it because we know they're going to agree. As of yet there is nothing that has been signed. This is a sticky point and has to be signed and activated. They have signed article 140, but HCL and Article 140 are different items..[Post 1 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: News here talks about the meetings and the HCL all day...they're saying the only thing Iraq needs is this HCL signed and activated to make Iraq have ability to advance in the International world. This HCL is the final key... FRANK: They just told you the moment they have the HCL signed your currency is going to go International. That's why you have so many platforms already established internationally..[Post 2 of 2] Kaperoni Frank 26 says they are removing the dollars from Iraq...That's not possible because that is counterproductive to the daily currency auctions which are used to stabilize the exchange rate. [and] says the Iraqi dinar is going to go International and in January the Iraqi Stock Exchange is going to go International...Both are already open to the world...The Iraqi Stock Exchange...are just improving their infrastructure and opening web based investing. Militia Man Article Question: [Reference Samson Article Below] "New currency? Does this mean they are rolling out the lower denominational notes too?" They say "This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks," So from that we can deduce it is possible they are talking NSCNs. Samson Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market" Quote: "The head of the Federation of Iraqi Chambers of Commerce suggested "diversifying the foreign currency commodity within the central bank and not remaining a monopoly of the dollar only, the strict monitoring by the Federal Bank on the movement of the dollar from Iraqi banks to intermediary banks." [REPOSTED for MilitiaMan above]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So take everything with a grain of salt ... RON Mnt Goat ...the reinstatement must happen on FOREX and the redenomination of the dinar prior to us going to the bank and exchanging. Secondly the holdup is purely political...We can see that Iraq has grown financially beyond expectations and certainly is more than ready to be fully re-integrated back into the financial systems of the global markets. There is a very good article ...entitled “2022…A DEFINING YEAR IN POLITICAL LIFE IN IRAQ AND OPTIMISM ABOUT “HOPE”. It...just about sums up this past year of turmoil in Iraq that finally ended in stability...the future is...extremely bright for the Iraqi dinar. This past year we have NEVER seen so much talk and debate from Iraq over what to do with the dinar. Mark [Q? : What is the HCL law in Iraq everyone has been talking about?] The HCL/article 140 is one of the things that should bring comfort to everybody. This is the sharing of taxes, revenues, oil…with the Kurdish region. This has been a sticking point for the RV I am told... They have been busy pounding this out over the parliamentary break. I have always been told that we will be within hours of going once they finalize the HCL. And we are so close.
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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 ... Especially if it comes from Mark .. RON Pimpy Question: "Do we have any chance of the exchange rate changing?" ...Anything is possible. But for me I'm more of a realistic grounded kind of person...If we woke up tomorrow and all of a sudden all restrictions were removed and I could run down to my bank and I could change the Iraqi dinar and I was getting $3.22 per Iraqi dinar, hell yeah I would do it! ...Let's just be realistic...Iraq is doing all the right things and moving forward...increasing their foreign currency reserves, doubling their purchases of gold reserves, doing what they can...to get the United Nations to remove any and all restrictive resolutions. Samson Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market" Quote: "The head of the Federation of Iraqi Chambers of Commerce suggested "diversifying the foreign currency commodity within the central bank and not remaining a monopoly of the dollar only, the strict monitoring by the Federal Bank on the movement of the dollar from Iraqi banks to intermediary banks." Frank26 Why is the dollar going up in value inside of Iraq? Because they de-pegged from the dollar weeks ago (correct..!)...also, because it's about to go outside in a basket of possibly 29 currencies... Walkingstick The CBI is leaving a big trail. If we were on a hunting expedition it would be easy to read and follow these tracks. It would be easy to see they are in the middle of a major change to their banking structure - from a de-pegging to an International float via a pairing in a basket of currency that the IQD will be benefited from... And now for Mark's daily masterpiece of non-information..! Mark There has been chatter about the exchange rate and stabilizing it in Iraq. The banking side is still of the belief this will be our weekend for announcements. And that we all will start going to the banks next week. Guess we will see soon if that is true or not...
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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: "Economic Adviser To The Prime Minister Outlines The Reasons For The Rise In Dollar Prices" THE EXCHANGE RATE OF THE DOLLAR AGAINST THE IQD WILL TEETER TOTTER...there is a reason this fluctuation is happening. Because you de-pegged...lost the stability. How are we going to get it back? We're going to "pair"..! And how do you know this Frankie..? Mark Talks between Iraqs Federal and Kurdistan regions over the 2023 budget have been fruitful so far…I am told once they finalize that we are hours away from a value change. Walkingstick The international platforms have replaced the auctions at the CBI. Once the IQD starts to go International in a basket it is automatically canceling the CBI auctions where Iran was siphoning Iraq's blood through their currencies. The only swap from now on will be with the US dollar...no more auctions. It will be a governing function instead. And how do you know this WS..?
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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 CBI has some amazing, powerful, secret, caliente (spanish for hot) - very hot meetings constantly on a daily basis. More than one meeting a day for this purpose about the 29th of January 2023. The Iraqi dinar is going to go international...Iraq is growing up. The Iraqi Stock Exchange on the 29th is going international...the 29th of January is coming from the CBI...Prime Minister Sudani...you can't get to the 29th of January without going international unless the platforms are set and ready to go... Sandy Ingram What if the Iraq dinar revalued this week? Iraq does not celebrate Christmas, so they are working while the rest of the world is out shopping for gifts. What if the IQD floated to .25 cents to 1 U.S. dollar and you could exchange your currency at certain financial institutions in your country or in the United States. Most of you would have $250,000+ U.S. dollars. [Post 1 of 2] Sandy Ingram You would have less than 2 weeks to protect yourself from taxes of approximately $87,500+ U.S. dollars if you are single and you have a few deductions...Your tax bracket would jump to 35%...this means you'd only get to keep around $162,000 U.S. dollars. This is no joke. If you do not understand how to protect the other $87,000+ dollars, you can kiss it goodbye...learn how to protect your exotic currency profits..[Post 2 of 2] [NOTE: Consult your tax professionals at the appropriate time to calculate the right taxes for your unique situation]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Samson Article: "US oil reserves fell to the lowest level in 38 years" Quote: "The strategic oil reserves in the United States decreased in the week ending November 11, by 4.1 million barrels, or 1%, to 392.1 million barrels, following the weekly review of the Energy Information Administration in the Ministry of Energy in the country. Since March 1984." *** Walkingstick The HCL and the census under article 140 and the INOC (Iraq's National Oil Company) and other entities too have agreed with Kurdistan on the HCL. There is no delay. There is no stopping it. That's why you're seeing things move so fast. There are no delays to the budget due to the HCL. All systems are go... *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said if the budget gets to parliament by the 9th that by the end of December it will be voted on and passed to the president to sign. This appears to put us in January, anywhere from the 1st on through the 1st quarter. FRANK: If they can get to parliament by the 9th and if they can review it up until the 30th of December then we've got a good chance for the 1st.
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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: "Launching the first electronic platform for financial trading via the Internet" THEY TOLD [Boots on the ground Firefly] WHEN WE SIGN THE HCL WITH THE KURDS... THE IRAQI DINAR WILL FLOAT INTERNATIONALLY! ...when it floats it's 'pairing'... What is the CBI trying to tell the citizens of Iraq? Your currency is about to leave its borders, de-peg from the American dollar [and] pair within a basket... Quote: "The online trading system for the shares of Iraqi joint-stock companies will be launched - for Go Life investors, starting from the session on Sunday 1/29/2023," ... that means it's going to float. Pimpy Technically there's no restrictions on the currency as far as there are other countries that will allow you to purchase and buy dinar. It's just that here in the United States we have our own restrictions at the moment. So when I say restrictions, this is from the Untied States not everywhere else. Other countries you can go and swap all you want. It's not a type of sanctions it more of a restriction the United States put on there. Mnt Goat ..January is upon us and the CBI will have the 31 days to reinstate starting on Jan 1st the clock will tick, tick tock, tick tock. If not, they will miss yet another window of opportunity to RV this time and the saga continues... Sandy Ingram Just because Iraq is not on the Forex market does not mean they are not creating a Forex market chart ...the CBI on paper has the control over the RV but in reality what happens in the country [economy, political stability, citizen happiness/ discontent] determines CBI's reality. Pimpy The changes to the Iraqi dinar exchange rate it's not going to come from the media...Al-Sudani...President Rasheed...The Coordinating Framework. No body gives a rats patootie on what they say because it holds no water. It has to come from the Rothschild owned Central Bank...Until we hear it from their Central Bank that the exchange rate is 'this', stop listening to those other people out there blow spoke up your butt... Frank26 Article: "The Central Bank's measures deepen the dollar crisis and extend American hands to create unrest" THE CBI REMOVES CORRUPTION & NEUTRALIZES THE AUCTIONS! The auctions are gone...it is important for you to understand this principle...the auctions were given to the CBI for what reason? So Iraq could take the oil that they sell in American dollars and convert it into Iraqi dinars so they can run their country but they didn't. They took the money that came in as American dollar for oil and instead of going in the right direction, they evil ones, took it...straight to Iran... Clare Article: "Parliamentary signatures to hold an extraordinary session to discuss the rise in dollar prices" Quote: "A number of deputies demanded, on Monday, to hold an extraordinary session to discuss the rise in the exchange rate of the dollar and its impact on citizens." Mark [Comment: I am worried it will not be done by Christmas.] That is still the goal. Rumors are the expectations for announcements are within the next few days. I have heard this for so many Christmases though…I am hesitant to share it with you all. But I have never before heard it from so many different sources that are not affiliated with each other…From military sources banking sources, bond sources, a paymaster source…all from different cities locations and countries…There really is so much coming together at one time…I am optimistic and excited...
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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 Article: "Parliamentary Integrity: The amount looted in the theft of the century amounts to 8 trillion dinars" This crime is of epic proportions. The amount of theft is staggering and underway to be prosecuted at apparently the highest levels in previous government...It will have an affect in supporting the value of the Iraqi Dinar..ioo Sandy Ingram Covid...Iraq almost went bankrupt - Neighbors building hundreds of dams cutting off the water flow...which has affected farming in Iraq - People learning how democracy works and how to use protest...Iran's intrusion into government affairs...getting bombed by Iran and turkey...through all of this the Iraqi CBI has managed to collect over 90 billing US dollars in the foreign currency reserves... (Iraq all paid off its debt to Kuwait $490 million in 2021...) Frank26 IMO We should get our own personal insurance. We should get our own insurance agents and buy insurance policies for the amount of money we have in the bank. Because FDIC is not for an American citizen. It is for the banks protection from American citizens... Margarita Article: ..about Bluepay. Well I went on the old google machine and found an email to the Bluepay site. I wrote one and asked how long they have been doing business in Iraq...[and] when do they turn it [the app] on... I got a response that they have been working in Iraq since October of 2021. So...they have been doing this thing for over a year now. This is the email sent to me from them. "Good day. Bluepay is live and working in all Iraq since October 2021, we have agents in all governates. We provide different classifications of visa cards, payment solutions and POC devises and other services. We would be happy to welcome you in our family. Best regards..." Then they showed their logo etc...I would love for it to be international..! Mark [Comment: There is a rumor in Iraq that they are trying to overthrow Sudani…] They are frustrated because Sudani made promises that one of the first things he would do is change the value. …I think its more likely that Sudani would overthrow the sitting ministers at the CBI …if they don’t move forward…based on what I hear from my folks over there… Clare Article: "New App allows Iraqis to trade US-Listed Stocks" Quote: "the company was recently approved by the Central Bank in Iraq (CBI) as the first and only company to offer international money transfer service...It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market." Pimpy They're doing what they can to combat what's going on [Iraqi dinar rate falling]...it's very interesting what we're seeing going on. The fact they still have over 90 billion in foreign currency assets is awesome and it's continuing to climb. The fact that they still have doubled their gold reserves is awesome. That's a great thing. These are the things that are needed to protect the Iraqi dinar. But they're not the only steps. RVAlready This is a far different circumstance than 15 years ago. We have a PM who said the RV was his first priority...Release is getting closer.
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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 We know Iraq (Iran) was using $1 to $1.5 billion dollars of oils sales per month to purchase Iraqi dinars off the open market. We heard about that a long time ago so there's no way to actually know how much currency is out there in circulation. We only hear about the amount that was made...We know ISIS came in and stole a bunch of it...we know recently the so called 'theft of the century' happened. There's no doubt what's going to happen. They're going to have to redenominate the money because they don't know where the money is and that's what I'm waiting for to 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 - Especially if it comes from Mark... RON Walkingstick To see the CBI have constant daily meetings, more than one meeting per day is a very good thing. These meetings were not as common as they are now. They were not as acute as they are now. Yeah...to see the CBI have these constant meetings on a daily basis is very good...you have to wait for the articles to catch up with these CBI meetings...these meetings will lead to the 2023 budget and to the new exchange rate of the Iraqi dinar... Paulette I am excited that we may be within a few weeks of actually finally seeing the "restructure" that we have all been waiting for...
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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 Iraq is under all kinds of restriction. And even though they are out of Chapter 7 with the United Nations Security Council there are 18 items...that must be accomplished before restrictions are removed from Iraq...The list has not been updated since 2008...they're supposed to be doing an assessment every 2 years and I did not find an updated assessment list...I went down the list and researched to find out which ones were done and which ones are left over..[Post 1 of 2 - stay tuned] Typical governmental bureaucratic mishandling..! Walkingstick China is going to accept the IQD as a form of payment in the very near future...this is going to be great for the float...
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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 - Especially if it comes from Mark... RON Pimpy I think once the hydrocarbon law is signed that's a biggie. We know the Kurdistan Regional government has been sending people from Erbil over to Baghdad to try to iron this thing out. Once that is done I can't think of any other things out there keeping the restrictions on Iraq's currency outside of the fact that their banks continue to have issues with money laundering...The remedy for that is to redenominate the Iraqi currency, make new ones and while you're at it go ahead and delete the zeros. That kills two birds with one stone. Then you'll see the rate increase in increments... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Erbil is back. They're talking to Baghdad. It's all about the HCL. They want their money...we await a final agreement on the HCL law. FRANK: The article 140 was signed/accepted. Article 140 is separate from the HCL but they work together...the HCL is already agreed upon and it was activated because of article 140. It will be in the budget... FIREFLY: There is still a sticking point on the HCL but it's a positive direction... FRANK: It's a very positive direction because the HCL is what's going to allow you guys to go international. Kaperoni Interesting article today the Iraqi Stock Exchange announced the launch of an Internet trading system with a private based company to allow investors to buy/sell in the Iraqi stock market. This is really critical for Iraq to open their private sector market economy and develop their Capital Market. A means to bring lots of money into Iraq. [Post 1 of 2] Kaperoni This will also help I believe in price discovery when they decide to float the currency...if and when the Iraqi dinar floats it will be based on the economic success and growth of the economy... The launch of this online trading system goes into effect on January 29th, 2023. This is another critical part...as the new prime minister is attempting to activate and diversify their economy. [Post 2 of 2] Pimpy There's a list Iraq must complete before they have their restrictions removed. They still have restrictions. Can you walk down right now to your bank...and buy and sell Iraqi dinar? I think Chase Bank is the only one that does that. Frank26 Article: "New App allows Iraqis to trade US-Listed Stocks" INTERNATIONAL PLATFORM FROM THE CBI TO REMOVE THE BLUES OF THE CITIZENS...behold...an app for the Iraqi citizens...so they can move currency in and out of their country and so they can buy stocks listed outside of their country. If you don't understand this you don't belong in this investment...How come they haven't been able to do that for the last 20 years? Because they've been on a program rate...I'm sorry anybody that tells you the Iraqi dinars are not going up in value is simply ignorant...this is not for a program rate. This is for a powerful currency. Clare Article: "The National Bank of Iraq gets an advanced rating in Moody's at B3 and Caa1" Quote: "Managing Director of the National Bank of Iraq, Ayman Abu Dahim, confirmed, saying: We are very pleased that the National Bank of Iraq obtained for the first time a credit rating by Moody’s Investors Services, as this reflects a very positive outcome...and we are We are certain that this rating will rise in the future as we continue to implement strategies and plans to expand our business..." These are from Midnight Last Night: Pimpy Iraq is under all kinds of restriction. And even though they are out of Chapter 7 with the United Nations Security Council there are 18 items...that must be accomplished before restrictions are removed from Iraq...The list has not been updated since 2008...they're supposed to be doing an assessment every 2 years and I did not find an updated assessment list...I went down the list and researched to find out which ones were done and which ones are left over..[Post 1 of 2..Reposted] Pimpy Enacting and implementing legislation to ensure equitable distribution of the hydrocarbon resources ...Not done...I know there are people out there telling you that was signed and done and it was done recently. No it wasn't. That is one of the biggies that has to get signed and implemented...3 out of the 18 are not complete. We need to disarm the militia...make sure political authorities are not undermining the Iraq security forces and the hydrocarbon law..[Post 2 of 2]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt... RON Pimpy There's no denying that there has been a ton of news regarding the exchange rate of the Iraqi dinar. But there are people out there mixing up the truth with BS...what is not being told to you is that the dinar is losing value as the people over there at the Central Bank are making changes to the the banking system. Frank26 Community comment "We could be years at a controlled float." No. IMO they'll probably get it capped within 6 months. It's going to explode the moment they get it at the international world. Everybody's going to use it. They're all salivating for 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 Kaperoni Iraqi economist Sumaisem stated...that Iraq can cannot return the dinar to its previous (1170) for 5 years because it's bound to the white paper...and this is an obligation for the government so it cannot begin to decrease for at least three more years. Paulette the big move for Iraq is the "restructure". The RI just increases their purchasing power on the International stage...
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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 KandG Vietnam is doing business internationally with less than a toilet paper exchange rate - we may need to rethink this idea that Iraq can't do international business on a program rate. I agree we see many encouraging articles showing a rate change but this particular narrative may need some additional thought IMO Pimpy Al-Sudani appears to be the real deal Holyfield...a lot of things happening at the same time. Do I think they're going to change the rate anytime soon before the 5 years? We're just about to the halfway point anyways. Do I think it's gonna happen before the five years? ..I absolutely do. Is there's going to be some astronomical change? No. I still think it's going to go up in increments. The first step is going be to restore back to its original rate of 1190...I'm not trying to be a negative Nancy...the news I report is not negative, it's realistic...hang tight it's coming...
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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 If you're not prepared for the Iraqi investment to mature it might be pure hell for you when you realize what you have to go through not only with our government but with your friends and family and everybody else. You're going to be targeted. But the worst target will come from our government. Give to Uncle Sam what belongs to him. Give the rest to God... Pimpy Article: "Parliamentary Legal: An extraordinary session of Parliament if it receives the budget" I've talked about this before. If they can somehow agree on the budget before the end of the year you will see an emergency session called to Parliament to pass it before the end of the year. That would be great news for the Iraqi people... Mnt Goat The news this period is almost all about the corruption in Iraq and what they plan to do about it...there is no way out of these corruption schemes unless these currency auctions end. To end them they will have to reinstate the dinar and trade it globally...Why won’t the IMF or the US take responsibility and do the reinstatement? It is because of all the corruption... It all goes back to...“what comes first the cart or the horse”? In other words, do they reinstate the dinar and then hope the corruption will end or do they end the corruption first, reducing the risk of failure in the reinstatement? I believe they have taken this second option...
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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 Even it they did make an exchange rate change to something like $3.22 it doesn't do us any good because we have to have a place to go swap it. We have to make sure that they're off the restrictions. That's something we need to keep an eye on... Frank26 Iraq is desperate financially. They have money. They've got lots of money and untapped money too. But they can't legally use it until they fulfill the Paris Club agreement. Mark I still don’t think it will float…I think the rate is going to be set…when it happens. Militia Man Article "Minister of Transport: We aspire to enhance the investment environment in Iraq " The transport of any country is very important for the Private Sector.. The major players in an infrastructure build out for a country post war is a critical sector...The country is looking to be fully committed now to open up internationally and transportation is a key component.. This is a good thing for investors of the Iraq Dinar.
