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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 ** Nader From The Mid East The foreign reserves gone up to 200 billion. It's going to come out soon. *** MilitiaMan Article: "Demanding action to release frozen assets abroad" The release of frozen funds may have a profound impact on the REER (Real Effective Exchange Rate) imo... We have heard there is in the tune of $100s of billions in wealth. Reactivating banks abroad is not imo going to be a with a program rate. They already have good reserves, adding more just makes the pie all the sweeter. imo...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 There's just more and more and more that points in the direction of what we want. The Middle East 's currency basket will not accept a program rate. It will drag down the rate of all the other currencies in the basket and that's the opposite effect of a basket. A basket is with powerful currencies that's supports each other and increases the value...it's not a secret. *** Mnt Goat ...prior to the 1991 Gulf war with Iraq the dinar was over $3. If you go back to the late 1940’s it was over $4. So, what has changed? ... it seems to me the only thing that has changed in Iraq is in even a better economic position now then in the early 1990's or 1940’s. Iraq is now even by far a richer country so why do they still suppress the RATE of the currency if the VALUE has risen so much? ...Yes, it is being intentionally suppressed. But why? ...we know once they move the dinar to the global trading platforms i.e. FOREX, the ability to manipulate the currency is restricted. This restricts corruption and stops much of the stealing of the Iraqi wealth...
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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 *** Nader From The Mid East The CBI sent a letter to the government to work on the exchange rate not to change it to work on it...I'm sure they're going to respond soon. They have to respond. It's not the government decision it's the CBI decision but the CBI cannot make a decision without the agreement of the Ministry of Finance... *** Walkingstick The GOI/parliament cannot stop the monetary reform of 2022. You know who is in control and who is in charge of the Iraqi currency of the monetary reform right? The CBI. Parliament is powerless to stop it...but it's important that we get parliament established for the laws that give us the budget and the white papers that give us the new exchange rate and the new small category notes. *** Petra Whatever rate they come out at they need to defend it...based on those articles [Reference Petra's post from yesterday] ...about three quarters of a trillion dollars...That's not dinars. That's US dollars. It's massive money...it really allows them to strongly defend a strong 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... RON ** Kaperoni Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." an article about reducing the exchange rate...They're talking about bringing it back to what it was a year ago that's 1170 to $1. There is no RV. This is only "Kap's opinion" as to what they mean when they speak of reducing the exchange rate. Time will tell and we shall see..! RON *** Nader From The Mid East If anything happened it's not gonna be 1 to 1...it's gonna be between 800 and 1000 and then it's gonna float. Then it's gonna take some time, maybe 6 months to get up to $1.50 - $3.00...be happy. It'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... RON *** Frank26 Article: "State of Law: We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate". What!?! Holy guacamole! ...That would be Kazemi talking to parliament. Quote: "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it at the present time" ...the CBI said if you're not ready parliament, we are not waiting for you. *** Mnt Goat ...There is nothing but good articles this period once again reinforcing the notion that Iraq must do something with their currency revaluation and do it very soon...There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate to reflect the TRUE value of the 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... RON *** Frank26 [Iraq boots-on-the-ground TV Update] FIREFLY: They're talking on news Channel 1 saying it is time to open and adjust our exchange rate. Then they say when the government is finished sitting itself...we're going to have purchasing power...they're saying the official seating of the government will be in March. FRANK: What they mean is the complete GOI. Right now what's important is that we get the cabinet which we got in parliament sitting...the GOI by the end of March - this has nothing to do with what we're looking for. *** Kaperoni ...There are a lot of Articles...about changing the exchange rate. Yes, they are talking about it. They want to bring it back to what it was just a year ago around 1170. There is no RV.
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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 *** Frank26 [Iraq boots-on-the-ground TV Update] FIREFLY: The television has the finance experts saying that Iraq's credit rating has been lifted up after paying off Kuwait. FRANK: You see the articles didn't tell you that. FIREFLY: And Iraq has a new budget that will help produce economic gains for our country like never seen before. They saying reconstruction and growth will abound in Iraq and the White Papers plan will flourish. FRANK: As you get closer to the government being seated, the Iraqi citizens are now saying give me what you promised me - A new era. *** Clare [Comment: The CBI is saying they are not waiting for Parliament if they are not ready.] THE CBI CAN ACT INDEPENDENTLY IF THEY SO CHOOSE TO ON THE EXCHANGE RATE... FRANK26 HAS EXPLAINED THEY WANT TO BE “SHOULDER TO SHOULDER”… THIS WILL GIVE CONFIDENCE IN FRONT OF THEIR PEOPLE TO RELEASE THE NEW EXCHANGE RATE…BUT WHEN IS “ENOUGH IS ENOUGH?” THAT WILL REMAIN TO BE SEEN AS WE CONTINUE TO WATCH THIS ROLL OUT. IMO
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram Article: "Iraq stock exchange trades 930 billion shares in 2021" This is up 131% from last year...you should also know... Article: "Economic center: 2021 saw a dramatic rise in the prices of the capital Baghdad's real estate." ...in 2021 there was a significant increases in real estate prices in Baghdad capital area in commercial and residential buildings. It is believed these prices could exceed prices in Dubai and/or London. *** Walkingstick ...It's in print now...the way that the CBI is printing this education is for the citizens to properly interpret the monetary and economic reform. It's not for them as investors.
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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 *** Frank26 Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom Quote: "...oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate...Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait's completion and the rise in oil prices..." This is an amazing article... [Note: about article title: Raising the dollar exchange rate from Iraq's perspective is making the dinar rate go down.] *** MilitiaMan ...we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work...To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER...Plain an simple imo...So, the CBI needs to talk and walk all at the same time...imo.. It’s coming...imo..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 [Iraq boots-on-the-ground TV Update] FIREFLY: Two federal lawsuits that the Federal Court is going to listen to have stopped the work of the current parliament session according to Baghdad Channel 1 News...these 2 lawsuits must be addressed until any further action can be taken by parliament...meanwhile citizens are demanding more that the exchange be set back to previous rate... FRANK: It appears once again the Iranian jerks are sticking their foot in there and saying we got 2 lawsuits...it doesn't matter what your tactics are. The monetary and economic reforms are going forward...things are really looking good IMO... *** Nader From The Mid East You know why nothing is happening? They're organizing the government. The government is not organized yet. It's not 100% completely organized. It's maybe 40%. We need a president. We need a president of parliament. *** Sandy Ingram Iraq's Supreme Federal Court temporarily suspended the parliament speaker and his two deputies on Thursday...two rival groups claimed to be the largest block, with the right to form the government...chaos erupted...the suit filed by two lawmakers argues that the election process of the speaker and two deputies violated the constitution...Old News..! *** Frank26 [Iraq boots-on-the-ground TV Update] FIREFLY: The television Channel 1 news is saying that Iraq has been removed from the European Union high risk of countries. This is a huge step for us they're saying for Iraq...and then the Foreign Affairs Minister is on our Television talking about how far Iraq has come to exit the European Union risk list. He talks about the future Wealth and growth. FRANK26: Everybody wants that kiss from the prettiest girl at the county fair that is selling her kisses for one dollar apiece. Everybody wants a piece of Iraq now. That is the biggest telltale sign...
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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 ** Frank26 All I want is the new rate and the new notes. You won't get them until at least this government is seated...Let's see what happens. We know what we read in an article, [The mother of all articles the CBI says if you're not ready GOI to heck with it we'll take care of it...] ** MilitiaMan ...All looks very very very good. The private sector and or market economy will require a REER [real effective exchange rate]. The USA embassy has today commented on the support for Iraq to do international trade. Even with China. So, lets see what gives. My view is we are very close to seeing it... ** Frank26 Article: "World Bank: Iraq will witness the highest economic growth among the Arab counties within 2 years" Seriously? At a program rate? At a used toilet paper program rate? Really? The writing is on the wall...it is in print. It's not my opinion. It is the opinion of the Central bank of Iraq that they're going to raise the value of their currency as soon as the government is seated and if the government is horsing around and they're not seated the CBI is still going to move forward whether they like it or not. It's that simple.
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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 *** Militiaman [a member] of the Board of Directors for the GCC states it's time to adjust the exchange rate and enhance the national currency of the Iraqi dinar against the dollar. You can't make that up. It's what the people in the region are talking about... *** Mnt Goat There is not much more to say about the reinstatement (A.K.A. RV). We are pivoting right at the window now. We know that the plan is to shortly conduct the project to delete the zeros and them follow up with the reinstatement on to FOREX…finally. Nobody really knows the exact timing. I have not heard anything currently that is holding it up... There is not much more I can tell you at this time except the citizens in Iraq are absolutely being told that the currency redenomination will happen in the next days. We all know what this means. I am VERY excited! *** Kaperoni Kuwait didn't [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]... Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.
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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 *** Frank26 [Iraq boots-on-the-ground TV Report] FIREFLY: Saying budget is tied to the white papers and reforms must be addressed. FRANK: The budget can only work with the new exchange rate... FIREFLY: They're saying the next session [of parliament] will be to vote on the presidents that we need and then the budget is being presented also with a vote. FRANK: Hold onto something it's about to get REEL. What I mean by that ...the Real Effective Exchange Rate. *** Kaperoni Tweet by Kurdistan PM Masrour Barzani - 'I strongly welcome the EU's decision to remove Iraq from its list of countries at high risk of money laundering. Now with increased cooperation and investment from the EU, banking sector reform and support will become easier to deliver for our people.' *** Mnt Goat ...we read in articles that it is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. What is its normal rate?...I believe the CBI is pushing for the “glory” days of the dinar and this is their objective. This means reinstating it back on FOREX with a rate well over $3. We all need to remember that the true value of the dinar is NOT reflected in its current exchange rate even at 1120. [post 1 of 2....stay tuned] *** Mnt Goat ...We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly and truly measure up the REAL VALUE already present in the economy, the oil and other resources of Iraq. Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar and globally trading it. The White Paper itself even tells us this is their objective to accomplish... [post 2 of 2] *** Sandy Ingram The white papers gives us the exact time frame...The white papers address the necessities needed for a financially healthy Iraq. The white papers have a 3 to 5 year span from the date it was published 2020. Thus 2022 may not be the year to expect much movement in the currency rate except to return to the previous rate of December 2021...
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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 ** Adam Montana [...Once they open this window I believe this will grow overnight and not be able to hold the value down very long, who knows how high it will grow unless the CBI puts a cap on its growth.] ...Whether the CBI would put a cap on the growth or not... I am inclined to agree that they will. But there's a strong argument for that cap being $1. Taken from another site that follows Adam and posts snippets from his remarks. ** Frank26 Article: "Changing the exchange rate...economic additions and dangerous social effects" the mother of all posts had this baby post. [Reference Frank26 post from 1-11-2022 which follows] ** Frank26 Article: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." Wow! Can we have a standing ovation? ...this is the CBI saying this...this is the mother of all articles. Quote: '...let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.' The CBI wants to show the Iraqi citizens the NSCNs/new exchange rate as soon as possible and if you GOI are not ready by the 15th then we the CBI will show the citizens to reduce any confusion...[REPOST: from 1/11/2022 - referenced in baby post above]. ************* Midnight Opinions from 1/12/2022 ************ ** Frank26 Article file - they are talking about monetary reform. Quote "in the light of international projects, which enhances a stable dinar...meaning that monetary policy requires transparency through which it is presented in the next budget." It's no longer a secret...as soon as the new seated government passes the budget laws, the budget, white papers and exchange rate will be exposed IMO... ** Kaperoni ...Nothing is moving fast in Iraq, they're not in a position to do anything until they have a government, pass laws and have investment for the private sector. ** Vital Brad I'm just a regular guy with dinar. I try to do research on it to figure out what's going on. I try to gather information...and decipher through some of this stuff...I'm not a financial advisor. I've got debt that I'm working on getting paid off. I work a job. I have a car payment. Rent...I'm working the grind day-in-day-out trying to support a family...I don't know if this is ever going to happen. I hope just like Kuwait the Iraqi dinar revalues and the people 'in the know' benefit from it. I'm trying to let as many people know about it as possible so when it does happen it's not just the elites that are 'in the know'... everyday people have the opportunity to know about this as well.
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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 ** Frank26 [Bank experience] BRIAN: I went to BOA. I'm in the north east part of the country...my goal was to...find out if they exchanged currencies... My first question was do you exchange foreign currencies here. He [teller] said, 'We absolutely do.' My second question was could you get me an appointment/name of the highest banker that you have at this...branch? ...He picked up the phone and made a call...I really didn't expect to get to speak to someone...His official title was Officer of the Finance Center and Branch Manager. I explained to him I was part of a group that had invested in an undervalued currency..[Post 1 of 2]. ** Frank26 [Bank experience cont.] ...I said we had a significant amount of this currency and...if we were able to put a significant amount of dollars in his bank what are the things he could do for us that would make us want to select Bank of America to move forward. He was very receptive of it...He finally asked what is the currency you're looking to exchange? I said it's dinar, have you ever heard of it? He said no...But later on... he says, '...I think I have heard of this.'...I asked if he had a De La Rue machine. He said no...I asked if they charge for a spread...He said they don't...But...they do charge for whatever the exchange rate is. I asked if that was negotiable. He said absolutely in the right scenario..[Post 2 of 2]. Now we're going to see a flurry of idiots, relatively new to the dinar, running to banks asking more dumb questions. This happens every time these clown gurus start spouting their nonsense of an imminent RV....not to mention names, but aren't usually posted by me here...Whatever you do, DON'T bug the Banks until there is an actual value increase...Ron ** Vital Brad I think we have a front row seat to some really really big things coming. I really do. I think we're on the brink of watching a major change happen. If we are looking in the right place we're going to watch it unfold. Where most people have no clue what's even happening/what's going on, their heads are so far up their own tailpipe. They're so sucked into the news and the media...they're so lost and caught up into what other people are saying...you have to have your own opinion...
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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 *** Frank26 Article 1: "The Ministry of Foreign Affairs announces Iraq's exit from the European Union's list of high-risk countries" From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate. This is how you take a program rate and you throw it back to the United Nations or whoever gave it to you. Way to go! Article 2: "Al-Kazemi's comment on the European Union's decision to remove the name of Iraq from the list of high-risk countries" What does this mean? It means the whole world is going to flow back into Iraq because there is no fear any longer. They're stable. They're secure. They have a currency. They have a brand new central bank even Dubai is jealous... *** MilitiaMan Article: "Barzani: Joint work between Baghdad and Erbil contributed to Iraq’s exit from high-risk countries" I like the sounds of this article, as it is in past tense. A good sign that there is consensus between Baghdad and Erbil. The linkage of the Kurdistan Regional Government to the global system is very telling. They are achieving success today and are saying that they will look back to today, as a turning point for a prosperous global future for the people of Kurdistan. This is a good sign of change to come...All good news.. imo.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." Wow! Can we have a standing ovation? ...this is the CBI saying this...this is the mother of all articles. Quote: '...let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.' The CBI wants to show the Iraqi citizens the NSCNs/new exchange rate as soon as possible and if you GOI are not ready by the 15th then we the CBI will show the citizens to reduce any confusion... *** MilitiaMan Article: "The outlets announce an agreement with the customs to activate the customs and tax receipt program" This to me suggests there is a game plan to going international. They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority. ...The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way...They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place...
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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 *** Kaperoni Article quote: "Iraq's new parliament elects Sunni lawmaker Mohammed al-Halbousi as speaker, marking an important step towards establishing a new government.." *** Sandy Ingram The world bank reports that over the last decade Iraq's oil revenues have amounted for more than 99% of exports and 85% of the government's budget and 42% of the GDP. Based on the World Bank's recommendation when the country provides a higher percentage of income and jobs outside of the oil then we can look for a possible float in 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... RON *** Frank26 ...things are moving extremely fast. A change can be posted instantly by the CBI and the government because of the way they have set the education up with the citizens right now. The billboards are ready to run because they are electronic. The float is extremely important. It'll follow right after this phase. It has to right away to take advantage of the 1 to 1 rate... *** Pimpy Article: "Unanimously... 'Progress' and 'Azm' choose Al-Halbousi as a candidate for the Presidency of Parliament" This should go quickly - If they've already unanimously voted in Halbousi. He'll be speaker, you have your two lieutenants and then from there they will vote on the President of the Republic of Iraq. I'm anticipating that the winner will be Salih...nothing can be accomplished until the new government is established and in place...a big hurdle was just passed now we're going to see what it leads to...
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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 Dinar News Update The Former Governor of the Central Bank of Iraq Sinan Al Shabibi has died. He was governor from 2003 to 2012. Many feel he had been instrumental in the process to revalue the dinar. In 2012 it was believed he was moments away from revaluing the dinar when PM at the time Maliki derailed those plans and threatened his arrest if he stepped foot in Iraq again. Ole time dinar investors will always remember his public meeting in Washington where he candidly answered audience questions about the possible revaluation of the dinar. He will be remembered. The latest guru posts will continue below... ** Clare Article: "The death of the former central bank governor" Quote: "The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva." ** Frank26 At any moment, I mean at any moment *snap*, I mean *snap* you can wake up and find the new exchange rate on the CBI website... ** Kaperoni The next 24 to 48 hours is critical as parliament will meet to confirm the results [Of the election]. Then we will have to see how fast they can put the next government together without interference. ** Walkingstick and Frank26 The CBI is going to rent...electronic boards from the government of Iraq...they will plaster these new small category notes all over the place. These new small category note pictures will be the new graffiti in Iraq. It'll be on every wall that you can think of...the sighting of the new small category notes is getting closer to the eyes of the Iraqi citizens because IMO the new small category notes are now in the hands of all the private bank tellers...
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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 *** Sandy Ingram There are 7 basic categories of success before a country can improve or increase the value of its currency - 1. Inflation 2. Interest rates 3. Terms of trade 4. Political stability 5. Balance of payments 6. National debt 7. Recession *** Frank26 Inside Iraq a dinar is a dinar. But what happens when the dinar floats at 1 to 1 with the American dollar? People start to use it. They start to buy with it. They start to trade with it. Start to sell with it. The value on international markets for that currency starts to go up...Do you think the goal is for it to stay at 1 to 1? The goal of the CBI is to float the Iraqi dinar to add value to their currency for the purchasing power of their citizens...their goal is REER. Nothing less. *** Pimpy Dr. Shabibi - He was the governor of the Central Bank of Iraq for...about 9 years. Very outspoken man. Was more concerned about what was best for the Iraqi people...He just passed away today. R.I.P. Dr. Shabibi. He was the man who said the Paris Agreement wasn't a good thing...thought the exchange rate should have been higher. R.I.P Dr. Shabibi... *** Vital Brad There's a big meeting going on in Iraq today ...they've got limited media coverage but there will be media coverage. They're finalizing and placing their government. That's been a big aspect of this whole revaluation process. There's been certain points that Iraq has had to meet in order to put their currency back on the free market, revalue it, make it be worth something again...a big point that they need to meet is to have a seated and fully established government...looks like tomorrow will be the time...
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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 *** Frank26 The other thing that bothers me. You say [U.S. Bank executive] that FDIC insures me $250,000? Yeah. Did you know the FDIC insurance in the small print way down in the bottom there's a clause that says that the bank/the FDIC has up to 99 years to pay me back what you Mr. Bank lost? [Note: Consult your financial advisors at the appropriate time to create the best plan to help you protect your money and assets.] *** Kaperoni Looks like Sadr and the Sadist bloc have formed an alliance with numerous other blocs including the Kurds to now have the largest bloc in parliament and the right to form the government. This appears to leave Al-Maliki and his State of Law coalition left out. Based on several other articles it appears Al-Maliki is trying to imply this result will...have constitutional ramifications. IMO it just seems like Maliki is trying to cause trouble. His time is running out...We can only hope Sadr has the correct intentions for democracy and economic growth in Iraq. *** Vital Brad The [former] governor of the Central Bank of Iraq...he passed away...I think it's so important to put back into everyone's perspective that this life is just temporary... *** MilitiaMan Article: "Exchange rate first" Quote: "It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar." This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards... Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is...
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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 ** Pimpy I just don't think you're going to see a huge RV or RI. That'd be too much of a shock to the system...I might be wrong...they might roll out and give us an RI or RV that's possible but I just don't see it happening. Not yet. I do think the rate change is going to get to a point that we all love, easy, in a short period of time...I don't do rates. I don't do dates but I think it's going to happen much more faster than people think. ** Frank26 It's not a secret anymore...they're the ones that are talking about it and we're just repeating it...we're just waiting for them to show them the pictures [new small category notes]. Once they show them the pictures ...nanoseconds right after that, get ready. ** Mnt Goat A government advisor announced that the budget of two thousand and twenty-two will be submitted to the new House of Representatives after its meeting. I do not think they are going to play around with this budget this time and takes months to pass. Since this is the first bill on their agenda we can see this is a priority.
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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 ** Frank26 It's at the executive [bank] level...that's why I don't care about this, this, this, this or that. I only care about the new small category notes to be shown to the citizens of Iraq. Because deep in my heart IMO that's all I'm looking for now and waiting for. So is the IMF. Waiting for the same thing...Let's see what they do between now and the 27th... ** Mnt Goat Happy New Year..! So, here we are in early January 2022. Are you excited? You should be! Many of us have been waiting for this period for this entire year. Remember once they open and begin spending this 2022 budget we are in trouble if we have not yet seen the reinstatement. I am still getting all indications that the Central Bank is planning to move ahead with the project to delete the zeros and we know this leads to the reinstatement. We need the reinstatement in order to go to the bank and exchange..[post 1 of 2]. ** Mnt Goat The banks are NOT going to accept this currency unless it is traded on FOREX. I do not believe we need to see the final UN resolution releasing Iraq from Chapter 6 and 7. We get information today that the budget is their highest priority in the new session of parliament starting on Sunday. It is nice to see everything moving smoothly in this process..[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... RON ** MilitiaMan ...after having met the obligations of compensation to Kuwait, there will and should be that Iraq will be able to interlink global banking and with that comes and international rate to be applied. The banks are now closed until Sunday in Iraq, if I have that correct and there are no new holidays? lol Add in, the UAE is to link their monetary, governmental and financial work week with the rest of the world tomorrow. ...So, it is my view that there may still be opportunity for us to see this over with by and or over the weekend into early next week, imo. ** Petra It's the CBI that has responsibility for the rate. Set that whole thing aside about forming the government...the first thing they're gonna do I think the leadership is to go right after the budget...get it knocked out...the budget needs the rate...at this point in time we're just waiting for those nice little notes to show up. That's what we're waiting for...and with that obviously would come the rate... ** Frank26 What the governor of the CBI is telling you [Iraqi citizens] is that right now you have a fixed rate but it stinks. It's a program rate. It's worthless. Now, soon the Iraqi dinar will de-peg from the American dollar and go on par with it at a fixed rate of 1 to 1 internationally. It is at that point where the global communities will buy, trade and sell in using the Iraqi dinar causing it to go up in value like the other middle eastern countries around you.[Post 1 of 2]. ** Frank26 I believe you are going to hit a high $3 or even possible low $4. In other words a rate of 3 to 1 or maybe 4 to 1 internationally which would reflect inside of your country as well...IMO you are going to float the moment that they announce that you are clear of Chapter 7 and Chapter 6...because you already paid Kuwait this announcement is coming.[Post 2 of 2].
