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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: They are now saying they want all the currency off the streets as much as possible. They started talking about exactly how much currency they have out. They mentioned the process now is to retrieve the currency in so the lower notes can exist in the marketplace. *** Boots on the Ground - Nader From The Mid East It's not going happen before Christmas. It's not gonna happen this weekend. Don't listen to all these people tell you yeah it's gonna happen this weekend...I have nothing against anybody...Hang in there. Be happy. Happy holidays. I hope today the council they come out and they go, 'Hey Iraq is good - completely out of any restrictions.' And that's 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 [Iraq boots-on-the-ground TV report] Firefly: The CBI on the bottom of the screen they are asking citizens to come in with their money to open new accounts. They're telling us they're going from 4.5% to 6% [Interest]...the governor of the CBI is saying now they want all the money off the streets as much as possible. Then they started talking about exactly how much currency has come out. They did mention this is a process to retrieve the currency in so that the lower notes can exist in the market place now. *** Walkingstick The executive level of the private banks in Iraq are meeting with the CBI. IMO they are discussing now the 1, 5, 10, 20 and 100...new small category notes. Also IMO they are in conversation about the 50 dinar note. The 50 dinar note was taken out of circulation about 10 years ago because it was not compatible with the program rate...IMO they have renderings of all 5 of these new small category notes...What's missing? There is no 25 note...they are also discussing the coins...they are also discussing the exchange rate for these five [notes]...you'll read about it soon [In articles]. *** Petra The question one must ask is…was the UN aware of the actions both budgetary and strategically as to all the next steps, actions, and necessary protocols to finish payment to Kuwait? Does one think the UN was blind to the approach Iraq was taking to lift all sanctions in order to progress their country to the international marketplace? No! The UN has been in lock step all the way and frankly was part of the timing and strategic moves of Iraq for years. I cannot count how many times the UN was in Iraq or, Iraq was at the UN laying out their carefully laid out plans for their future with the most important document…the White Papers that I would not hesitate to say they had a part or contribution to its development and approval. The final payment to Kuwait was NOT a surprise to the UN. [post 1 of 2]. *** Petra Wasn’t the UN representative Ms Blanchert (sp?) there for several days just 2 weeks ago? Why? IMO, for this very purpose. Did not Kuwait and SA formally recognize Iraq as a sovereign country? Surely they know what that means. Clearly much occurs in the background we don’t know about but the timing of bank activities, cessation of banking activities outside the normal protocols, and the announcement by both the CBI and the representative declaring their sovereignty cannot be ignored. Now there is the “letter” of the law and the “spirit” of the law and IMO the spirit of the law (intent of Chapter 7) has been fulfilled to allow Iraq to move forward with their reinstatement and forward progress of this country as designed in the White Papers. Go Iraq!!! IMO…[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 ** Pimpy Article: "The Iraqi market is abandoning the dinar...and the government is reassuring: There is no collapse" That's not good. That weakens the dinar. We need to stop the two dollar system over there. They stopped it before but they need to stop it again. They need to do away with the American dollar and just force the people in Iraq to stick to the dinar. That would strengthen the dinar. That's one of the things that needs to happen. ** Frank26 Article: "What the Central Bank Has Achieved In Terms Of Monetary Reserves Requires The Government To Reduce The Exchange Rate" There we go again, 'Frank, look they're going to reduce the exchange rate.' You don't seem to understand what they're trying to tell you. It's difficult to interpret a mistranslation...In 2003 the rate was 4500 to 1. It has been reduced to 1460 and continues to be reduced until they get to 1 to 1...the smaller it gets the more you increase the value of the Iraqi dinar. And that's what this means. ** Boots on the Ground - Nader From The Mid East We're waiting for the security council to come out and say, 'hey you guys are completely from Chapter 7.' I know a lot of people tell you we're out since 2017, 18, 13 - yes, some of it we're out...but we're not completely out like people like us who cannot do business. I cannot send stuff to United States. Only through other countries. We're not out. So we're waiting for the security council to come out and say, 'Hey Iraq is good. Iraq is out of Chapter 7. You guys can do whatever you want now.'
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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 We don't know the rate. We don't know the date. And there's a lot of people out there blowing smoke up your butt...if I tell you every single day that today is the day that the Iraqi dinar is going to revalue, eventually one day I'm going to get it right...Let's be excited about this news and be happy about it but don't get overboard. Stay grounded. This is all great information. At least now you know what happens when they lift Chapter 7. There's gonna be some huge changes for Iraq... [reference Guru Pimpy 12-13-2021 posts] ** Kaperoni gurus constantly talk as if the Iraqi dinar is a lottery ticket and a RV is some random act that's going to happen. That is not the case. Only with the success of Iraq 's economy can the dinar go up in value. And that is going to take time. ** Frank26 Article: "Completing the payment of compensation for the State of Kuwait" Quote "the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed". What did I say over and over? Kuwait was paid...this is big. This is why we have the monetary reform coming. Chapter 7 = Float. You better memorize that. ** Breitling Question: "I've heard chatter/seen articles but I don't understand the significance in regards to them advancing to the WTO and them going ahead and making a move with adding value?" It means everything. Remember China was a third world #$%#-hole and then how did they get out of that third-world @#$%-hole status? We brought them into the WTO and let them use the World Bank that we created...that means they're part of our market system. That means they have access to the biggest customer base on the planet and that's how you make money...
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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 Article: "Completion of the payment of compensation to the State of Kuwait" Quote: "The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed..." What is not to like about this? This time it comes from the CBI. The last time it was from experts. I’ll look for the UN and USA for that final decision. Now that payment’s are completed, that fact should usher in the final decision to release in totality Iraq from Chapter VII. As stated it will allow Interconnectivity with internal and external banks.. That will be a day to remember!!! Imo - *** Mnt Goat We know that the CBI reserves is about 100 billion USD even though recent fake news told us it was only 64 billion (figures from the summer). I am hearing from my CBI contact that leaving the dinar at 1450 or even bringing it back to 1200 is NOT an option. The new economy and investors now flocking into Iraq will simply not work with the dinar undervalued. Of course by now we all should realize this and that the dinar has been “artificially” held back now since 2012-2013...we can expect to watch for an early January 2022 reinstatement. All the information I have points in this direction...We, as investors, are just a small part of this event and will share in the wealth since we helped Iraq through hard times by investing in the 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 *** Frank26 We're within weeks. I believe it with all my heart...you can see the evidence. If you walk into a forest and the whole place smells like smoke and the trees are burnt, that's evidence there was a forest fire. But you'd have that one person who says, 'No, this is not a forest fire.' ...a lot of people can't see the obvious of what's going on with this investment. It's so blatant. It's so there...there's so much good stuff it's hard to keep up with it all... *** Mnt Goat I have NEVER seen such recognition by any GOI or CBI of the issues involved in the future of Iraq like we are now seeing in the articles... the GOI is fully admitting the past problems, taking credit for the problems and what they need to do to correct it. I have NEVER seen such sense and outright admission of the REAL problems facing the country of Iraq...to come out in the open and admit it and then to outline the corrective actions to fix it...is just amazing. I have my champagne in the frig all ready and waiting. How about you?
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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 confirmed... the reserve gone up yesterday to 100 billion. I told you it should be at 100 billion to stable the exchange rate. The second thing have to happen is Chapter 7. The third thing have to happen which is not leaving completely be at least declare the end of the war. This is all of it. If we declare the end of the war and chapter 7 is done you're going to see $1.50 - $2.00 for real by January not February. Let's hope that happen. *** Vital Brad Restoring Iraq's rate to its previous currency rate...$3.22 - that's a big deal. With oil prices going up the way they are, Iraq can...support a rate like that. Similar to Kuwait. *** Breitling Question: "For the IQD...are we in another window?" They're very very confident...they're going to add value to their currency. Having said that, I don't know how to put it in a window...I just have confidence that they have confidence in 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 *** NORV [aka Kaperoni] There was a question regarding the 2% rule, and he opined: ...The 2% rule is based off the official CBI rate (including fees) not street rate. Take the 1460 x .02 and you have the max street rate within the IMF rules. So 1489 is the rate. They must maintain this for 90 days or more in order for the IMF to accept their request to move to Article VIII. The point being price stability. Cost of goods should not vary throughout the country (this is what MCP is) many gurus don't understand and think MCP is different currencies (like dinar and dollar). Iraq will always have dollars in Iraq as long as they sell oil. For example. A new washing machine should cost 430,000 dinar in Baghdad +- 2% and same goes for Kurdistan. Iraq needs to prove they can maintain this stability before they can engage with the global financial system. *** Nader From The Mid East Three things have to have before the revalue imo: 1. The occupation has to leave. The Untied States, France, England, all the armies...Russia, everybody has to leave. I think they're going to leave this week... 2. We have to get out of Chapter 7. We have to. 3. We have to buy more gold and more dollars. I think if we reach the $100 billion...our money will come back very strong. That's what we're waiting for. I think by next month we will reach it... *** Frank26 A lot has happened and the interesting thing is that the articles that are released from Iraq...I don't believe they're complete. I believe that the monetary reform education is happening so fast that they don't even have time to really put it in an article. It's not important to be put into articles. What is important is that it be put into the minds, the psyche, the education, the understanding of the Iraqi citizens and that's exactly what's going on. And it's happening fast... *** Pimpy I still think it's going to go up in increments but...I showed you articles from the United Nations council directly from them that says there's no reason why Iraq cannot be reinstated to the original rate. Now having said that - it doesn't mean they're going to be reinstated. I'm just saying if it does that is the rate it appears to be - $3.22...
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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 think we're way closer to having the real rate of the Iraqi dinar come out than we ever been before. I don't know what that rate is and I have no idea when it's going to happen and anybody that tells you different is full of crap. Nobody knows the rate. Nobody knows the date. Nobody. Except for those in the need-to-know and you and I ain't them. It's exciting to see. Yes it makes me happy...it certainly looks like they're trying to line themselves up with some type of plan to be reinstated... ** Vital Brad Iraq as a whole is preparing for its international status and they're ready. The requirements have been met. It's time for them to move forward. It's just a matter of when is it going to happen...when will it revalue. No one knows the answer to that...Until I see it I'm not going to believe it...eventually it's going to happen. ** Nader From The Mid East We cannot change the rate that quick because we worried about the economy to crash if oil goes down...we have to take it easy. I'm not telling you the rate is not gonna change. The rate is gonna change before February. I give you the news is good news. The plan is before February but we have to make sure everything is solid and everything is standing on two legs and everything is running correctly before we change the rate. Everyday we have good news coming up... ** Frank26 Article: "The Central Bank signs a memorandum of understanding with the Emirates Bank" They're signing with every bank in the world. Why? Because the Iraqi currency is about to go international. United Arab Emirates is just one of many countries that are so excited to be working with the Central Bank of Iraq because they know that they're Article VIII. ** Breitling Question: "You still see them coming in at least 50 cents?" Upper .50 cents - .60 cents around there. Question: "Do you feel they have the ability to hit a dollar?" Yeah, they can go $1.25 no problems. "Possibility of an RV at $2.50 for the IQD?" No. Not even close. It will be below a buck. Can it go higher than that? Yes. But they want a ceiling where the can grow...$2.50 that's a completely different plan. That would start after they add value to the currency. That's way on down the road if that was 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 The central bank of Iraq has hooked up with all the banks that we can think of around the world. I know people talk about a GCR but that's not what's going on. Ironically enough every currency on this planet Earth is interested in talking to Iraq 's Central Bank...every bank in the world is visiting the CBI right now and talking behind closed doors... *** Pimpy I still think it's going to go up in increments. I still think at the very least they can restore it back to the rate it was prior to this earlier devaluing...our time will come. Right now the people in Iraq they should come first. They need to get away from depending so much on oil. They really need to develop their private sectors... *** MilitiaMan Article: "The Board of Directors of The Arab Monetary Fund will hold its two hundred first meeting on Thursday, December 16, 2021" Quote: "Successful completion of the first-of-its-kind joint experiment of interconnection between the “Bunna” platform for Arab payments and the European Instant Payment Settlement System to carry out instant payment settlement business in multiple currencies" The most important part is the system has been tested successfully and with multiple currencies, imo that includes the Iraqi Dinar. With the amount of news coming out from the AMF and the CBI we can clearly see that the digital transformation is well under way. ...Yes, indeed we are in a great place. *** Kaperoni ...Comparing Kuwait to Iraq...all misdirection. LOL. No, Kuwait has 40 billion in circulation and Iraq has 100 trillion. Do the math, there is no RV. Differing opinions on where we're at, and where we're going. Time will tell - 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 ** BobTheTaxMan ** Here's the key thing about the CRUT [Charitable Remainder Unitrust] it can provide you a lifetime of income and it defers the income. Remember when you exchange your IQD under the umbrella of the CRUT it is a non-taxable event. It's a tax-free environment. So picture this...you've got the paperwork, you've got the EIN [Federal number], you go to the bank, they open up the bank account in the name of the CRUT, you give them your IQD and they exchange it but instead of it going into your hands it went directly into the CRUT so it's a tax-free environment. You were not exposed through a taxable event..[NOTE: Consult your tax professionals at the appropriate time to determine the best tax strategy and opportunities for your unique circumstances.] ** Mnt Goat ** ...can we still expect the reinstatement of the IQD on Forex soon? ...Just remember that Iraq can not do what they are telling us they want to do in the White Paper without a currency with a true value... the White Paper and Financial Minister whole-heartedly support its purpose and implementation. We have read in many prior articles that the CBI and Financial Committee wants Iraq to go back to the “glory days” and we surely know what this means for us and our investment...the Iraq dinar was valued at $4+. Wow! Is this really possible now? Yes, and it is coming since we already can see the new rate in the Quantum Financial System (QFS) just sitting there waiting to be pushed down stream into implementation ...The White Paper clearly addresses the implementation of the IQD to go international...They actually say “FOREX”.
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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 *** Vital Brad I was thinking with the new administration this reset wouldn't happen. I thought it was pushed off and I thought we were out of luck but it actually seems like they'e pushing it even harder. They're pushing it faster...the stage is being set... *** Frank26 Article: "Economist: What the Central Bank has achieved in terms of monetary reserves requires the government to reduce the exchange rate" ...In 2003 the rate was about 4500 to 1. It has been reduced to 1460 and continues to be reduced until they get to 1 to 1. It started as a very large number and it has to be reduced to 1 to 1 ratio. That's what they're doing so they can de-peg from the American dollar and be...1 to 1 on par with it. Now let's go international because we got a lot of people that want to use the Iraqi dinar. The value internationally is going to skyrocket.
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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: "The government has boosted the cash reserve by about $10 billion" One of the things that help with the exchange rate is you have to have an abundance of foreign reserves. It was almost depleted. It now received a boost of 10 billion...that's a good thing. A good step forward. We need to keep going...they're getting there. ** Nader From The Mid East Somebody ask me if the money is going to be 1200 instead of 1460 and it's going to stay like that. No. It's going to be maybe between 1000 and 1200 ... yes. But it's going to fluctuate. I think in a couple months because it's going to go up so fast it's going to go up to $1.50. For me, the end of February I think it's going to $1.50 if everything goes smoothly of course, and everything goes right. ** Kaperoni Iraq's central bank's reserves going up to $64 billion is an indication that there's going to be an RV. LOL. No, they needed to raise the reserves to cover the currency in circulation which is over a hundred trillion dinar! ** Walkingstick The Iraqi citizens have to see the new small category notes first, before they are given the new small category notes, and the exchange rate together. IMO what is going to happen soon is that the banks of Iraq are going to show the citizens...the description, the size, colors, the pictures themselves/specimen forms...on television, commercial, in the local newspapers, electronic billboards, at the exchange centers, at the mosques, at the markets, at every bank...now we got to get these samples to the managers/tellers because they got to explain to the citizens now...
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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 People are saying, 'Hey once the Iraqi dinar is on the Forex then that's when things really change.' ...straight from the Forex, "Can I trade the Iraqi dinar? At this time forex.com does not offer trading in the Iraqi dinar..." At the moment you can see the IQD is not even traded on the Forex so that's another step that has to be taken. But first and foremost they have to get out of Chapter 7. Once they're out of Chapter 7 I think you're going to see things happen very quickly. World Trade Organization, sovereignty restored, the increase in oil production, removed off the blacklist in the UK. The Iraqi people are going to have a lot to celebrate. Their purchasing power is going to increase...if we're going to see an actual RV or RI it'll happen right before they're put on the Forex. I still think it's going to go up in increments - I know. Don't boo me. *** Breitling It's very simple. They need to make sure that they can get out from the US dollar (not offend the United States doing it) and add value to the currency. And guess what - That's exactly what they're doing. It's step-by-step-by-step...you should have a huge smile and grin on your face because you know what's coming...zero hype. 100% pure policy...they're going to revalue. They're going to add value to their currency. It's going to be phenomenal... -
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 We've got the education at a different level now. It's faster. It's also more revealing...It's getting louder and deeper on an international scale... They're showing in the last two weeks or so the citizens of Iraq how Iraq is becoming International with their currency. They told them about the new exchange rate. They told them about the new small category notes... ** Nader From The Mid East - United States is still in Iraq. That means the war is still going. Your President didn't declare the end of war...Once the end of war declared is good. Once Kuwait has been paid totally - it's a good thing. Once we are out of Chapter 7 - Right now I cannot sell anything as a salesman because that's the instruction. We can't. We're trying to do business with South Africa, through Turkey, through Kuwait, through Bahrain, through Saudis. We wanna sell to the world...We want to sell a lot of things but we can't because we're in chapter 7. Chapter 7 is stopping us...Me as a business guy I have to buy form Turkey and sell it and it's costing me a lot. I'm making a little but not a lot. Not like my dad used to do or my uncle... ** Pimpy Article: "The Central Bank announces the preparations of a study of the currency structure project and warns against changing the exchange rate" I think the exchange rate is going to go up in increments. That's just my own personal opinion but they seem to be doing a lot more than just preparing for small increments. There's something definitely bigger going on. ** Frank26 Wouldn't it be amazing if they showed them the new small category notes? But first they have to explain to them the new small category notes. They have to explain to the exchange rate changing. Think about it. You barely have an education of maybe 1st grade/2nd grade and they hand you something brand new. A new currency and you're supposed to understand and go about your business? Of course not silly rabbit. That's why the education is so important. Why? Because it must not fail with the citizens of Iraq. ** Breitling Question: "How do you feel about the articles where they say they're almost done paying Kuwait and The IMF giving them another good report. How do you feel about that?" It gets us very very 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... RON *** Pimpy I try really hard not to get sucked down that rabbit hole when it goes to the RI or RV. I'm not saying it won't happen, I'm just saying there's too many major things that have to fall into place for that to happen. It was my feeling that we would have them have the rate change in increments. But the very things that I know that need to take place for them to do an RI or an RV are actually playing out... *** Frank26 Article: "The Central Bank is talking about 'returning' the dollar exchange rate to 1200" This article is 100% correct...this is a decrease in the correct direction from Dec 20th to reach 1 to 1...when they say they are lowing the exchange rate and returning the dollar exchange rate to 1200 they're talking about an increase in the value of the Iraqi dinar...back in 2003 the exchange rate of the Iraqi dinar against the American dollar was something like 4500-4800 to 1...five or six years later...it went down to around 3600 to 1. Then two years after...it went to 1460 to 1...[Post 1 of 2]. *** Frank26 ...the point I'm making is that when we arrived it was beyond worthless. As the years have gone by and as we've improved Iraq the value of the Iraqi dinar has gone up...it went down on December 20th [2020] - Why? ...so that they could pay a bunch of bills at a lower rate...The goal is to get it to 1000 to 1. That's why they're telling the citizens we're very close to getting it to 1200 to 1...the smaller that the exchange rate number gets - it's not decrease in the value - it's actually increasing the value of the Iraqi dinar. [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 *** Kaperoni Though many are anticipating...Iraq being released from UN Chapter 7 soon, history tells is nothing happens fast in Iraq. My expectations are if Iraq does fulfill its financial obligations to Kuwait the soonest a UN official release would come would be sometime 1st quarter 2022...I am looking at March or April at the soonest to officially be removed...gurus are making more out of it than it is (as if it's a key to a mythical RV)..[Post 1 of 2]. *** Kaperoni It simply reinstates Iraq to its natural status in the world and without oversight or restrictions. If and when Iraq begins to raise the value of the dinar it won't be because of some status or charter it will be based on the success of Iraq's economy and the pressure created as a result of significant investment through the capital account of the Central Bank of Iraq. [Post 2 of 2]. *** Pimpy Here's something to think about. Iraq is being expedited through the World Trade Organization. Iraq has started infrastructure and rebuilding. Their economy is recovering. Remember this year we saw an article in which Iraq led all Arab nations as far as GDP was concerned. The growth is there...we know there's other oil fields out there that they just found. We know the country is stable...we also know that [Sadr] is the man who said before the elections that he wants the Iraqi dinar rate change to go back. Now he didn't say where to but he said it was too low and it was effecting the poor people. So we know we have...a holy man and a leader, very influential that at least is going to be campaigning about increasing the 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 *** Pimpy Man there sure is a lot of talk about exchange rate changes...you can tell they're really looking into a serious rate change. They have studies going on and I know it says a study at 1200 dinars but really do you have to put together a whole entire committee just to check out 1200 dinars? For the past couple months in the news religiously have been talk about the exchange rate. Will something happen in 2021? It's possible. *** BobTheTaxMan ...Taxes...it's the biggest hole in your financial ship. Let's just say if you just got a little bit of IQD...make sure that you're going to be lessening your immediate taxes. Only cash in enough to meet what your goals are...It's all going to be dependent upon what the value is going to be. You want to reduce those income and capital gains taxes. A suggestion might be if one of your goals was to buy a house..[Post 1 of 2] *** BobTheTaxMan ...instead of cashing in all that IQD and then paying that 40% taxation (not counting what the state's going to assess)...cash in a smaller amount, enough for a down payment and then borrow the money on that house. You're further ahead in the long run to do it that way than to expose yourself to an immediate huge tax bill. On the day you do this, pay your taxes - federal and state. Get them out of the way because they will assess interest and penalties if you don't pay in a timely manner. [Post 2 of 2] [NOTE: Consult your tax professionals at the appropriate time to determine the best exchange strategies for your unique goals and circumstances.]
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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 news is saying Iraq reserves now are over $64 billion and they are saying to us they are awaiting a major decision by the United States of America which will have a significant financial increase for Iraq when this decisions is made...they are talking about Iraq's hard cash reserves in Washington D.C. FRANK: That's just $64 billion dollars from the USA. That's not their gold. That's not their other precious metals. That's not their bonds. That's not any of their other assets...it's way past that. ** Newshound Pimpy There seems to be some interesting movements happening that line up for a possible RI and RV. Now I don't go out and pump hopium up people's butts. I just don't. I keep grounded... but what I was pointing out is it definitely looks like the chances of an RV or an RI have increased once Iraq is removed from Chapter 7...If you look at some of the news article that are coming out recently...you can see what looks like they're preparing themselves for a rate increase. I don't want to jump to any conclusions but it definitely looks like they're heading that direction. Again don't run out and sell your house, don't sell your kids, don't sell your mother. Calm down sparky. We have been led down this road many times and it has led to a dead end but there definitely has been a lot of good news that's for sure. ** Walkingstick [via Frank26] Walkingstick's friend that owns two banks in Baghdad came to the United States of America...because the CBI talked to him, 'Would you like to have satellite banks with us? You've got this state [name withheld for privacy] go and do what you've got to do.' ...They came here to finalize the updating of the software in the private banks...IMO it will be functional in the next two weeks...this is part of the monetary reform phase...a lot of paperwork acceptance by the banks to accept MasterCard and Visa cards inside of these private banks...some of these 'satellite banks' have already done the downloading...it's not for you. It's for the Iraqi citizens that live wherever these banks are... [Post 1 of 2]. {Reposted for continuity} ** Walkingstick [via Frank26] When his friend returns back to Iraq he will have to meet with the CBI to report to them what he did with the uploading of the software in the satellite banks that he represents 'wherever' in the United States and it is said IMO the next meeting will be for the discussion of the new small category notes that are about to be distributed. And wouldn't it be fantastic if at this meeting (or before) Walkingstick's friend was shown the currency sheet. That would be great.! [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 *** Walkingstick [via Frank26] Walkingstick's friend that owns two banks in Baghdad came to the United States of America...because the CBI talked to him, 'Would you like to have satellite banks with us? You've got this state [name withheld for privacy] go and do what you've got to do.' ...They came here to finalize the updating of the software in the private banks...IMO it will be functional in the next two weeks...this is part of the monetary reform phase...a lot of paperwork acceptance by the banks to accept MasterCard and Visa cards inside of these private banks...some of these 'satellite banks' have already done the downloading...it's not for you. It's for the Iraqi citizens that live wherever these banks are...[Post 1 of 2]..more to come. *** Kaperoni Former Deputy Central Bank of Iraq Gov and current Prime Minister advisor Salih stated today there will be no change in the exchange rate of the dinar through 2022. Remember what we've been told....there would be much misdirection before any RV/RI. Kuwait did it (denials) when they restored the value of their dinar, and allowed it to 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... RON *** Frank26 I always thought that it would be somewhere between $3.86 and $4.25 but the more and more we're studying some files we are now finally opening...Kuwait...told the IMF IMO you can help Iraq lift the value of their currency...but all the things that Saddam did against us - fix it. And that's what they've been doing and paying them back. And then one of their clauses was when you do raise the value of their currency make sure that it's very near our currency value (but they must be less than ours). Their value right now is $3.32 so if you had a million dinars and it was that 1 to $3.32 you'd have $3.3 million American dollars. *** Pimpy Yesterday...[I was] talking about Iraq being in Chapter VII and if they're removed out of chapter 7 what happens...the article was from 2013. It wasn't about the year - I was trying to show the details of what the article said. The details are what were important because it explains what happens when Iraq is taken out of Chapter 7...that whole plan that's laid out there actually is happening now. The highlights of this article was saying 'Allowing Baghdad to regain control over its own currency...its return will not only revitalize the economy it will strengthen the value of the Iraq dinar and increase its purchasing power...' [See Pimpy's post from yesterday (12-12-2021) below.] *** Mnt Goat ...I know it seems very weird how they would devalue the dinar so much and then just 2 years later revalue it so much. It could go as high as over $4 if oil stays high enough by the the time they RV/RI... ************ Pimpy from 12/12/2021 *********** ** Pimpy Article: "Chairman of the Committee of Financial Experts Abdul Basit Turki, reviled today Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait's compensation" Quote: "After that [Making the final payment], Iraq will submit a request to the General Secretariat of the United Nations requesting that it be removed from the provisions of Chapter VII of the UN charter." Chapter VII is major. It's so big it's one of the biggest steps we need to take in order for Iraq to do any type of rate change...be happy. Be a little excited but don't go overboard. We have no idea what's going to happen...We don't know what they're going to do until they do it. [Post 1 of 2]. ** Pimpy Article: Throwback - The first time they lifted Chapter 7 2013 "With Chapter 7 Lifted, Iraq Regains Control of Its Own Economy" Quote: "the lifting of Chapter 7 sanctions last month can be considered one of Iraq's biggest achievements...allowing Baghdad to regain control over its own currency, oil and economy." Quote: "One of the biggest advantages of the lifting of the sanction is the return of all frozen assets to the Iraq government estimated somewhere around $82 billion according to the Central Bank data. Its return will not only revitalize the economy it will strengthen the value of the Iraqi dinar and increase its purchasing power." There's reason to be happy. There's reasons to be excited...but stay grounded...there's no date there. There's no rate there. It merely tells you what happens once Iraq is removed from Chapter 7..[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 ** Pimpy Article: "Chairman of the Committee of Financial Experts Abdul Basit Turki, revealed on Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwaits compensation" Could it be that we are one step closer to possible RI or RV for the Iraqi dinar? Yes! But as much as this is fun and we want to be happy I want to remind you to stay grounded. Until that money is in your bank account and you can see it in your balance don't celebrate too early...there's nothing wrong with being excited and happy that we might be one step closer to the Iraqi dinar exchange rate changing - Yes! [See Pimpy's Posts in Monday Noontime Opinions - 1:25 PM CST - 12/13/2021] ** Frank26 Equation [ NSCN + NEXR = 2022Bud (wP) to the power of NEXR ] The new small category notes plus the new exchange rate equals the 2022 budget with the concentration factor of the white papers at the power of the new exchange rate. NSCN is the teaching/education in the year 2021. NEXR is at the beginning of the year 2022...what's in the budget of 2022? The new exchange rate. What's in the white papers of the budget of 2022? The new exchange rate...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 ** Petra Article: "Economist on the 2022 budget: It will address the fiscal deficit and debts owed by Iraq " Quote: "3% of Iraq's oil imports will be released as a result of the zeroing of Kuwait's debts, as well as the zeroing of the deficit during the past year, in addition to recycling part of the surplus for the next year," ...ZEROING of Kuwait 's debts as well as ALL DEFECITS of 2021 AND the budget will have extra that they will roll over to the next year! So you have to ask the question... Kuwait is paid...and ALL other deficits will be paid off this year! AND, they will have a surplus for next year? WHAT IN THE WORLD IS IN THIS BUDGET? ...SO, if they are "intentionally" leaking this information about the new budget and reflective of a new rate...this truly is...ANY DAY!!! IMO... ** Frank26 Article: "Washington stops the automatic deductions from Iraq oil revenues to compensate Kuwait" That is so big...they need to make the official announcement they're Article VIII but look - Article Quote: "Iraq should seek to get out of the provisions of Chapter VII of the UN Charter" ...there's only one banana peel left and Kuwait has just said that they have been compensated. It's time for you to catch up United Nations... Article: "The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwait's compensation" Whoa wait a minute. They owe [Kuwait] money don't they? Not anymore... this is impressive because this is what's definitely considered the final countdown. ** Mnt Goat Article: "IRAQ WILL LEAVE “CHAPTER VII” IN EARLY 2022" ...Iraq still owed war reparations to Kuwait and if you looked at the Chapter VII sanctions...it included reparations to be completed to Kuwait prior to full relief from Chapter VII. ...finally Iraq is allowed to move ahead. Will the CBI actually request to reinstate the dinar in early next year 2022. I am told they already requested it and it is underway. ** Kaperoni Don't let these delete 3 zero stories confuse you. There are many people in Iraq who simply want to redenominate the money supply from trillions to billions which is a neutral event. Not what we want. One thing I told Iraqi investors many years ago was that the dinar will never significantly go up overnight. If it goes up in value it will rise gradually via a float as Iraq's economy prospers. There are no shortcuts. ** Pimpy The announcement of the new government should be finalized here any day...Sadr...did say he wanted to do something about the rate. He absolutely said he wants the exchange rate to change. Keep in mind that's the central bank's move. How much influence does he have over the bank because...they're two separate entities...the government can campaign for the change but they really have no control. We know Sadr wants the rate change to happen. So just give it a chance. Give it some 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 *** Clare Articles: (1) "The Central Bank: Many Iraqi banks have begun to expand outside the country"; (2) "Central Bank Governor : Iraq has become an attractive arena for investment" THIS SHOWS THAT THE NEW RATE IS NOW BEING ROLLED OUT! AS SOON AS THEY ARE FINISHED WITH WHATEVER THEY ARE FINISHING, WHICH WE ARE NOT PRIVY TO, THIS WILL POP AND WE WILL GET TO EXCHANGE!!! IMO WE SHOULD ALL BE SO HAPPY WITH WHAT THEY ARE SHOWING US RIGHT NOW! I AM!!! *** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: All news today has been about Barzani from Kurdistan. He's been meeting with the house speaker...about the Erbil deal. They're saying they're making sure all parties are working to make the agreement work as they will be addressed when the budget and the rate is reviewed sometime in the early part of 2022. They're saying that the Erbil agreement will have a huge impact and allow citizens to receive oil as promised to them by our constitution. FRANK:...The HCL is part of the economic reform because it is also in the white papers... *** BobTheTaxMan Ways to save on this anticipated gain coming from our IQD investment...we have three objectives. 1. Reduce Taxes any way we possibly can. To do that you look at income, capital gain taxes, estate taxes. Those are the things we want to reduce as much as possible. 2. Defer - ...we have a variables. A. We don't know when. B. We don't know a rate...when this thing comes out let's just say it's a dollar...If...you don't want to have to cash in your IQD at that moment and be exposed to that huge taxation this is where a Charitable Remainder Unitrust (CRUT) comes into play. It defers that taxable event until later. The last one which is my favorite 3. Eliminate them. I don't want to pay taxes on this gain in any way shape or form and the way you do that is with the Roth... [NOTE: Consult your tax professionals at the appropriate time to determine the correct tax for your unique exchange strategy.]
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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: "Chairman of the Committee of Financial Experts Abdul Basit Turki, reviled today Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait's compensation" Quote: "After that [Making the final payment], Iraq will submit a request to the General Secretariat of the United Nations requesting that it be removed from the provisions of Chapter VII of the UN charter." Chapter VII is major. It's so big it's one of the biggest steps we need to take in order for Iraq to do any type of rate change...be happy. Be a little excited but don't go overboard. We have no idea what's going to happen...We don't know what they're going to do until they do it. [Post 1 of 2]. ** Pimpy Article: Throwback - The first time they lifted Chapter 7 2013 "With Chapter 7 Lifted, Iraq Regains Control of Its Own Economy" Quote: "the lifting of Chapter 7 sanctions last month can be considered one of Iraq's biggest achievements...allowing Baghdad to regain control over its own currency, oil and economy." Quote: "One of the biggest advantages of the lifting of the sanction is the return of all frozen assets to the Iraq government estimated somewhere around $82 billion according to the Central Bank data. Its return will not only revitalize the economy it will strengthen the value of the Iraqi dinar and increase its purchasing power." There's reason to be happy. There's reasons to be excited...but stay grounded...there's no date there. There's no rate there. It merely tells you what happens once Iraq is removed from Chapter 7..[Post 2 of 2]. ** MilitiaMan Article: "Planning determines the priority of projects in the 2022 budget" Quote: "There are more than 6000 projects under implementation,..." The money at to which these projects will be completed could not be completed if at a program rate. imo... They will require the new exchange rate that will support the reconstruction effort. The new system in place at the borders will add massive revenue streams, just as the liquid natural gas that is being sold... All of it and much more will add to the bottom line for the new real effective exchange rate (REER) to come. There is no reason to have small category notes while at a program rate. We know they have told the citizens on TV about small notes. This article is additional support a rate change is imminent...imo.
