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Showing results for tags 'opinions'.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy The election is done, over with, finalized. We have the first session coming up. We have talk about the rate change happening. No numbers are being thrown around. My thought is they'll at least restore it back to where it was before...from 1450 dinars back to 1190 dinars. I know for a lot of people they're like, 'oh that sucks. That's not what I wanted.' As long as it's going in the right direction be happy. As long as they continue down the path follow the white reform papers it seems to me that these increases are going to happen frequently and at a much bigger chunk than that little jump right there... *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: There is a rumor that the exchange rate will go down from 1460 to between 800 to 1000. That's the rumor that's going around between bankers. We are not sure. We just heard this. He said it would be a process... FRANK: ...This is a rumor. He's right. 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 ** Militiaman The CBI - they're the ones that are in charge of the monetary reform. It's not the government...the government agrees... ** Frank26 IMO the CBI is preparing to show the citizens of Iraq the new small category notes in a picture poster form and then they'll massively advertise it all over Iraq on billboards, television, newspapers and the mosques-everywhere/anywhere they can...it will be all over the 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 *** Pimpy Article: "Parliament sets the Great Hall of the Council as a place for its first session next Sunday". Looks like parliament is set to go ahead and hold their first session which will happen this Sunday. From there remember they appoint the speaker first, the deputies and then they announce the nominee for president. Salih has done a good job hopefully gets back in there...it's January 9th... *** Frank26 [Q? : Who is the CBI now meeting with..?] They met with the U.S. Treasury for about 3 months in a row every Saturday. They then stopped meeting them and about a month ago they started just meeting with the executive level [of Iraqi banks]...
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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 What does it mean to float? Or how can Iraq float the currency internationally? The answer was if you had Chapter VII completed. If you had all Chapter 6 completed. If you had Kuwait say you don't owe us anything and they have. That's why we're at that next step. IMO it's what the CBI has told the executive level to tell the branch levels, the tellers, to tell the citizens. *** Kaperoni Every once in a while you get someone who brings up a Global Currency Reset. It is utter nonsense as I stated numerous times most currencies in the world already float so they are already priced where they should be. In other words there is no such thing. *** Pimpy Article: "Mazhar Salih: The government may make changes to the exchange rate, and the dues of Resolution 15 are guaranteed" The government cannot change the exchange rate...the Central Bank of Iraq is separate than the Iraqi government. They can make requests, they can pressure them, but it is up to the central bank of Iraq ...
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*** Frank26 From December 20th to January 9th - the education continues and they were to show the new small category notes to the citizens IMO. I pray it happens that way. If it doesn't happen well I was wrong...you want to chastise me that's okay...From the 9th of January onward you got the GOI seated officially...the three presidents... *** Kaperoni An article came out tonight referencing Iraq's economic successes in 2021. Primarily Iraq still has not achieved any significant steps to diversify their economy. Until that happens, there will be no change in the dinar...Iraq could be many many months away from changing the current monetary policy. Until a new government is in place, Iraq passes the laws necessary for foreign investment, and until they continue to build a diverse economy there will be no change. *** Frank26 Article: "Likely to change the dollar exchange..Saleh: the government will amend the 2022 budget," It's nice to see this same individual no longer spreading lies that it's never going to happen - you're [Iraqi's] never going to have purchasing power. This canary is singing a new tune.
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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 *** Petra [Iraqi banks have been closed the past two weekends] Banks at the end of the day ledger-up all their funds. Every teller goes and takes their drawer and they go and count it, rectify it and make sure there's nothing short. They put those drawers in the vault and ready for the the next day. That information is sent to the Central Bank...For people to say we're going to take 2 weeks off to do all this accounting? Friends that accounting is done every day...Now they have a quarterly but it's all electronic now. It happens in one day..[Post 1 of 2]. *** Petra Q? : [Why they had to do two weeks of inventory right before the end of the year?] ...the banks have been closed the last two weekends. The bank people had to be there to do "inventory" but it's a joke. Something is being hidden because something is being done in the background to true-up so that when the new rate does come out they're ready to rock and roll to exchange the old currency for the new...I think that's what's being lined up IMO..[Post 2 of 2]. *** Pimpy Article: "Sources: Al Sadr presents two candidates to head the government, and the likelihood is for Al-Kazemi" This article here is major...Sadr is playing 5D chess and the rest of the people are trying to catch up...whatever this move is by Sadr it seems genius - put somebody up there with him [Kazemi] that is less liked and see what they say. It looks like Al-Kazemi is going to get back in there.
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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 What am I looking for? The new small category notes...nothing else...it's in motion. You may say 'I don't see the new exchange rate.' It's in motion. 'I don't see the new small category notes.' It's in motion...the monetary reform is being presented to the citizens of Iraq. Not to you. Not to the international community. That's already been done... *** Nader From The Mid East Three things and it's happening now. The army leaving, chapter 7 almost done. The government's gonna take place. *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: Saleh on the news today saying that the next government will make changes to the exchange rate. He also said the 2022 budget is waiting for the next government to be seated and that will be the very first thing we're going to do...even if approval is delayed current payout will stay until the new exchange rate is presented by the government. FRANK: I mean talk about a confession...there will be a new exchange rate, they will change the exchange rate that they have when the budget is done and when they sit the 3 presidents...the change is coming...the CBI gave the GOI the new exchange rate. That's why you're about to see the new small category notes because the exchange rate will follow right behind it or right next to 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... RON *** Frank26 Right now they're trying to teach them that their currency is about to float because they're international. Because they're going to be 1 to 1 with the American dollar and because there are no more foreign troops in their land... *** Breitling There's always going to be turmoil in Iraq. So you can't be hyper sensitive and any bomb that goes off 'Oh my God Iran's about to take over.' You can't do that. You have to look at what parliament, the Ministers of Planning, The Ministry of Finance, what they're doing/what they're setting up. Internationally they're setting their currency up. That's a big indicator. That's how you know..
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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 rate is going to start falling soon [NOTE: Falling means an increase in value.]...it's going to be unstoppable so get ready. Exactly when? I don't know but it's gonna be in the end of January beginning of February. I hope it happens. I hope no problems. *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: Saleh is on the news today and he's saying that the next government will make changes to the exchange rate and that the 2022 budget is waiting for the next government to be seated and that will be the first that they're going to vote on as soon as they sit down...said exchange rate was up to the CBI to change and today Saleh tells us government will change the exchange rate in the next budget. ...WOW..! ....this is a big statement...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... RON *** Pimpy Article: "The withdrawal of the combat forces is historic achievement" We know now that the American and international coalition forces are now out of Iraq. If they're out of Iraq there you go Iraq congratulations your sovereignty is restored. *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: The CBI is really talking a lot...on the news...talking about CBI is expanding inside of Iraq and into Saudi Arabia... FRANK: No. Into the whole world... FIREFLY: ...then this economic expert comes out and he says we got a fixed rate for the dinar but that's bad. FRANK: You see the program rate it's a fixed rate. FIREFLY: ...because it causes problems. And the answer is to float...says Iraq need to go and start by going to 1300... FRANK: This is an economic guy...the solution he's offering it's true but the rate that he's offering...1300...if you've got that time to waste knock yourself out Mr. Economist but Iraq doesn't. They've already run out of 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 *** Breitling The question is how much do you get to keep...because we'll be taxed. People who don't pay their taxes and wait, they're going to have their asses handed to them. I kid you not it's going to be a bloodbath. [Check with your tax professional at the appropriate time.] *** Walkingstick A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate. *** Frank26 You [Iraqi citizens] have to realize your currency is about to float. That's what they're trying to teach you. It's part of your education process right now. When it does float and they reinstate the value this education is going to get louder for you...float means you are officially free from Kuwait...the fact that your currency is about to float is incredible...this is basically the announcement of your purchasing power...
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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: "Iraqi president calls on elect lawmakers to convene on January 9 for first session" The results were finally ratified in the past week after a long delay. The parliament will begin the process to elect a new Prime Minister. Many are hoping for the current PM to remain in office...decisions made now could affect the future of our investment in Iraq. ** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: Kazemi is saying the CBI has gained 12 Billion dollars even though they have been through a pandemic...and they're saying it's all because of the white papers. Then the Finance Minister is saying Iraq needs a true reflection of their exchange rate and they keep saying to us that Iraq is losing billion daily by not having a true rate. FRANK: ...Kazemi is waiting for Mustafa to release the new exchange rate... remember they told you they would show you the new exchange rate at the early part of next year [2022] ...every day they drill into your education that you're about to receive a new exchange rate and a new currency... ** Walkingsick It's not like we're making a laundry list anymore...there's not much to list. We want them to give them the new small category notes and then float. The monetary reform is standing strong and is in motion in front of the whole world. Like King Kong pouring his chest and roaring.
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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 *** Mnt Goat Many disbelievers still ask me “how can we be sure that Iraq does not redenominate to the lower denominations and then discontinue these older three zero notes, leaving us holding the bag”?...To answer this question, you must go back to 2011 when the plan was first exposed to us for the process to get to the reinstatement (currency reform) by the Central Bank, World Bank and the IMF. At this time, it was told to the Iraqi people... It was very clear in the articles at that time and later confirmed by Dr Shababi in interviews in 2015. What they told us was that these large three notes would stay as valid currency but no longer be in public circulation or use. They would be used solely for “inter-banking” transactions. There would be a collection process prior and the 1:1 exchange would take place within Iraq. [post 1 of 2....stay tuned] *** Frank26 While we wait for the new small category notes to be shown to the citizens in sample forms first the education is now teaching very deeply about the float...they told them they were going to de-peg from the American dollar and go on par and float it 1 to 1...we are at the point where the bullets are not being put in the gun but they're actually being fired and traveling down the barrel to the target because the Middle East basket is extremely crucial for the Middle East itself...this basket would not invite a currency at a program rate...it would drag the other currencies that are in that basket and devalue their currency...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Breitling BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'. It's not at an 'un-international' status. It is international, always has been. It's that you can't use it for anything. Well, they're going to change that and that will help the supply times velocity. *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: There has been a request by Kazimi to the United Nations to officially lift Iraq from Chapter 7...the United Nations security council has the meeting scheduled for February of 2022. Unless the U.N. moves this meeting to vote earlier then maybe we have to wait until February. FRANK:...I don't believe we have to wait for that meeting. Looks like that's it for 2021 ... Happy New Year - 2022 ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 *** [ Iraq boots-on-the-ground TV Report ] FIREFLY: Kazemi talk on TV news...Iraq needed three major events to happen to ensure the success of the white papers and one of them was complete - The withdrawal of all American and all foreign troops from Iraqi soil. Second...having Iraq free officially from Chapter VII...Last, we have to sit our government and that is about to be done...all we need is the official release of chapter VII then the reforms will soar... FRANK: ...Your parliament is going to be seated along with the rest of the cabinet members sometime between the 9th and the 15th. It is at that time IMO that the government of Iraq will be presented the 2022 budget... with the white papers, with a rate of value. Sounds good Frank, so let's hope and pray that it works that way. There are too many unknowns & variables at play. - like the UN removing them from Article VII, among others.... Happy New Year..!! RON *** MilitiaMan *** ...I am not guessing, I am making studied observations, imo. I and others provide sound data that supports this study’s progression...Not one of us has a crystal ball and will not ever know the actual time or date...The timing of so many things having been done to date, is extremely bullish for this to be about over and a new exchange rate is issued by the CBI... Lets see what the year end & new year has in store for us...! *** Nader From The Mid East *** Remember what I said. Things have to be done - Chapter VII, governments have to be set up and the departure of the armies of United States and collisions. That's what's happening these days...things are going to be better this month coming up. Things gonna change. Rates is gonna go up. Money's gonna be coming in and out. We start building stuff over here...Dubai is going to be nothing next to Iraq in the next 10 years. New York is going to be nothing. Believe me. We worked hard. We Iraqis have suffered and now it's time to pay back...It doesn't matter if people make fun of us...we're gonna be there.
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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 IMO the Iraqi dinar is about to float...the CBI who was meeting with the IMF, U.S. Treasury, everybody, for years. All of a sudden there are no more articles from these people. All the articles are coming from where? The CBI, Mustafa and the Prime Minister of Iraq and that's fantastic because these are the guys that are now doing what? Education to the citizens. About what? The monetary reform...They've reached a point where there's no need to talk about the things they've already talked about. What are they talking about now? The new small category notes. That's the next thing we're waiting for. *** Walkingstick [via Frank26] The goal of the CBI is to reach the REER. The float, they are teaching the citizens while they wait for the new small category notes, is a supply and demand the international world is going put on the Iraqi dinar...the CBI will keep a very very tight band on the exchange rate within +/- 2%...it will fluctuate...the REER is a distinct possibility due to the currency rate of many Middle Eastern countries and the economic boom that's coming to Iraq... *** Kaperoni Nothing is going to happen with the Iraqi dinar until many things occur including forming a new government, passing laws, and encouraging foreign investment to build a private-sector market economy. Only with the success of Iraq's economy can the dinar go up in value.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: News saying today getting Iraq cleared of Chapter VII will enable Iraq to spend on the private sector and really have a positive impact on the economy and grow to a stable level never seen before. FRANK: That's tangible to the articles that we're reading...Remember what I told you, out of Chapter VII equals your currency to float internationally... ** Fleming ...The Iraqi Government is no longer meeting with the United States, nor the IMF, the World Bank, or the UN, etc. The US Military has completely departed from Iraq. The only remaining US presence of military guards the US Embassy in Bagdad. I believe the new IQD rate is in the budget which will be released to the world 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... RON *** Mnt Goat ...as we head into early 2022, we are at by far the best situation ever since 2012-2013 to see the project to delete the zeros occur, and then hopefully followed by the reinstatement. *** Kaperoni One of the first things Iraq must do is end the currency auctions and begin to float the currency as the economy grows. This would allow it to gradually appreciate over time where the central bank can manage the dinar through the foreign exchange. *** Frank26 Turns out they told the citizens of Iraq you cannot get the 25k, 10k, the 5k no longer in the banks, no longer in the ATM machines...they're being taken out of circulation. Why? The articles said to the citizens because we're going to introduce a new category note to you. Then it said the world "small" later on. Holy cow! Obviously if it's a small note it needs a different exchange rate. But they can't tell them exactly the exchange rate. So what they do instead they talk about purchasing power, adding value to it etc. The citizens are well aware that they are on the precipice of what is going 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... RON *** Frank26 Article: "Reducing The Price Of The Dollar Is A Necessity To Live" It's a great article...It is so delicious... Quote: "The Governor of the Central Bank of Iraq, Mustafa Mokhif said that 'the previous exchange rate of the Iraqi dinar is 'distorted' and does not bring about real development in the country, 'stressing that 'the decision to change the exchange rate was not taken hastily, but rather within a well-studied plan in full coordination with the Ministry of Finance and the International Monetary Fund." ...Great article. *** Walkingstick When they float it will be on par with the dollar and it will be 1 to 1 inside of Iraq and outside of Iraq...while it's floating they'll educate the people...a currency can't have two rates...they have a goal and that's to reach the REER...if you want a REER of $1.50 knock yourself out but we have the ability to take it up to [unsaid amount] so why don't you go ahead and float it up to that REER. They will because Iraq is going to become the central hub of the Middle East... *** Kaperoni Deleting the zeros...We don't want to see such an event as this is a LOP. We want to see them float the currency and have the dinar gradually appreciate over time. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: A big thing on the television. All the combat forces, they're pulling out of Iraq...United States of America and other countries... many are now stationed in Kuwait so in reality they didn't go very far... FRANK: This is so powerful. It's important for the monetary reform, for the economic reform.
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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 Article quote: "...the Central Bank of Iraq announced on December 22, 2021 the completion of the last remaining installment of Kuwait’s compensation amounting to (44) million US dollars, and thus Iraq had completed the payment of the full compensation amounts approved by the United Nations Compensation Committee of the UN Security Council..." I’m sure everyone here already understands how big this is… what an incredible milestone! This post was taken from another site that follows Adam, and posts snippets from them. *** Breitling Question: "I've been seeing articles about the Central Bank of Iraq meeting with other central banks in other countries like Saudi Arabia and Britain . They're setting up central bank branches in the countries and vice versa. Is that significant...?" It is. It's specifically so other countries can use their currency. Very specific. Their currency [dinar] is going to go out there...they have to have people trying to use the Iraqi dinar which helps their supply times velocity. That's why it's so exciting...It is the formula. So we're here. *** Frank26 Article: "Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation" They've already paid off Kuwait...they already paid off everybody...the last banana peel of Chapter VII is Chapter VI...this article talks about what they already did with the United Nations and why they're about to go and float their currency... *** Mnt Goat ...I fully believe this...the revaluation of the currency...has been tied to the ongoing sanctions from the UN and then the US Treasury... the remaining obstacle to the last step in the currency reform process is the exit from Chapter VI and VII of the Charter of the United Nations...now it is time to take the next step. It has been a hard 18 years (almost 2 more decades) for Iraq, 3 decades altogether since the Kuwaiti invasion. But Iraq is now about to make a giant leap forward and it has in its sights to remake the late 1920’s kind of an economy with abundance and prosperity that was indicative of that period. Yes, they want these “glory” days once again. They even told us so..[post 1 of 2]. *** Mnt Goat ...here is...very good news! The Central Bank of Iraq announced recently that last Tuesday, the payment of the last installment of $44 million was paid to Kuwait early. This will lead the way to the dismissal out of Chapter VI and VII. The UN the Security Council still has to formally vote on it and it is scheduled for an early February 2022 meeting. Iraq has already submitted the paperwork for the request to the UN. Could they convene earlier and fool us? How does this effect the RV? I am not certain if they can still go ahead with the project to delete the zeros with anticipation of being released from these sanctions. There is no legal parameter preventing it from the CBI, however we know this is the first step in the process to reinstate and so once started they can’t turn back. [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 *** Breitling Question: "You mentioned they need to sustain a 4% GDP to sustain their currency. They said the non-oil GDP was expected to have a 12% growth. Does that play into the 4% you're referring to?" Absolutely 100%...their internal GDP is up. International GDP, it's not down, it's Covid inflation...yeah their internal GDP helps that big time. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Economist on TV saying once Iraq clears Chapter 7 from their next request when granted Iraq will have control of their own currency, oil and economy. Then said 82 billion in assets will be released back to Iraq from funds held while in Chapter 7 making Iraq's currency stronger and able to rise the exchange rate. FRANK: That's HCL. Wow.
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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: "For the sake of the banking system..Kuwait: Iraq handed over the last batch of compensation before it was due". I Told you..! ** Mnt Goat Article: "LEGAL EXPERT: THE END OF THE PAYMENT OF KUWAIT’S COMPENSATION HAS NOTHING TO DO WITH IRAQ’S EXIT FROM CHAPTER VII" ...We know for a FACT that Chapter VII has EVERYTHING to do with this final payment. If not then why have they not applied to exit from it before? Why now at the same time they are making the last payment to Kuwait? How do I know this? Because they told us in an article from the Finance Committee a couple weeks ago that this is tied directly to the exit from Chapter VII... ** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: CBI holding seminars with all the banks. FRANK: That is correct...[guru] Walkingstick's firm owns many banks and they have been meeting at the executive level with the CBI to show them the new small category notes and they are now talking about the coins they're going to give you as well...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 ** Pimpy They're not going to tell you guys ahead of time. It would just be a disaster for the country. You'll wake up one day and it's done. The rate change happens and then you'll start to hear about it. As a matter of fact when Kuwait did theirs they told people that it wasn't gonna happen for a long time and three days later they changed the rate. ** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: They have made a request to the United Nations to lift us from Chapter 7 completely, make it official. FRANK:...Once they officially announce that you are out of Chapter 7 that will equal the float of your currency. MERRY CHRISTMAS DV ... Be Blessed..! RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: CBI officially announced it has paid off Kuwait so all clear with Kuwait. FRANK: The fact that the CBI has made this official means that you are now officially article VIII and your country is about to float and because of that get ready!! Chapter 7 equals float. *** Mnt Goat In Iraq there is news that the dinar is going to soon be redenominated. This means the project to delete the zeros will be conducted soon, if all goes according to schedule. I suspect maybe in early January. We will see the reinstatement shortly afterwards after the CBI monitors for inflation and corruption of the first step. Earlier this week the CBI had long meetings with representatives from all the chartered banks to review the next step of the process of the redenomination. I am told they even showed them the newer notes and fils. But what can we expect as investors? We can expect nothing until the dinar is reinstated on FOREX and as we know the redenomination is the first step in this process... *** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: They just announced to us on television the cancellation of any and all deposits or any withdrawals from any of the private banks in Iraq. They said this is gonna start tomorrow. FRANK: Which is today. FIREFLY...until Monday. And all banks will be closed here on Sunday. The reason given was for some annual maintenance to pay account interest and do annual reports. FRANK: These reports...are always done in the first quarter of the following year. For them to tell you that they're doing annual maintenance, to pay accounts of interest and do annual reports is impossible because the year's not over with yet. That may be true to a degree but it sure creates a window of opportunity for the monetary reform doesn't 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... RON *** Pimpy Their economy is doing very good. Oil prices are still pretty high despite the drop. As long as they keep using the currency [dinar], the place stays stable, there's no civil unrest and we start developing the private sector, the fact that they're out of chapter 7 or getting there, all these will add to the strength in the dinar...they really should reinstate the dinar to the previous rate of 1190 dinar. That would make them [Iraqi citizens] feel a whole lot better that's for sure...I think it's worth it to gain confidence in the dinar... [Reference Pimpy post 12-23-2021] *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Talking about how Iraq will rebound after being released from Chapter 7. Release being made by the end of the year is what they say. FRANK: That's what they say. What did I say? They are already released from Chapter 7...Once they announce it officially through Kuwait, look out.
