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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.
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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 see so much improvement in Iraq. That's a major plus. The more that country becomes stable, secure, starting to rebuild, foreign investors are coming in, the private sector is being built up, these are all positive steps. You're going to start to see the dinar go up in increments. Now, I'm not saying there's not going to be any RI or RV, that's still possible to me...however, they still rely too much on the sale of oil...until they get away from that we're going to be still stuck in the same boat...hang tight the private sector is being built. Things are moving forward. ** Frank26 Article: "Washington stops the automatic deductions from Iraq oil revenues to compensate Kuwait" I honestly didn't think we were going to be dealing with Kuwait at the end...Kuwait was part of all of this monetary reform...and they had stipulations. 'We want you to pay all your debt back to us.' They have...There are many things coming to a conclusion...concerning the two powerful subjects in Iraq - The Monetary reform that will bring forth the economic reform. That's why you see Kuwait now involved...Because they (along with everybody else in the Middle East) desperately wants to be part of the economic reform of Iraq...to me as an investor in the Iraqi dinar to see Kuwait show up, wow! ...these are markers/telltale signs that it's just getting better and better every day out there in Iraq. There's also a lot of pure BS and outright lies being posted out there in dinarland that I'm not posting..!
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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: Kazemi advisor being interviewed right now and they're saying that it's time for Iraq to move to the global platform. They're saying Iraq has shown stability...saying Iraq will be a main power in the region and the dinar needs to be on level playing field globally so Iraq can reach maximum effectiveness of our currency and reforms. He keeps talking about how the CBI will review the exchange rate in early 2022 and that will support the white papers... FRANK: The Iraqi dinar supports the budget. It supports the monetary reform. It supports the economic reform and it supports the new small category notes that are going to be coming out. [Post 1 of 2]. *** Frank26 FRANK: Notice every day almost every second of every day is being used to drill into your understanding that you are about to receive a new exchange rate and a new currency denomination for that new exchange rate. This is all part of the education that is coming to you rather quickly now...it will continue long after the RI in a completely different form of education which will mainly be about the international trade and your currency's float at 1 to 1 playing fair with the American dollar...your currency is soon to surpass the American dollar..[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 ** Frank26 [Firefly Iraq boots-on-the-ground TV update] Firefly: They said time is now for Iraq to be on the stage of international acceptance of their country's currency...and saying it will be a leader not only in the Arab region but global...they're saying the banking sector is the key for the international acceptance and Iraq has been working hard on this behind he scenes...tonight's part will talk on 'Can the dinar exchange rate return to its previous value' FRANK: This is the final countdown ...the next video they're going to give to you is on the pros and cons - will probably show you the new small category notes as they talk to you why they have to change the exchange rate..[Post 1 of 2]. ** Frank26 [TV update Continued:] ...and why they have to give you the new small category notes to match this new exchange rate. Because the program rate is only a calculation for the 3-zero notes. The 3-zero notes are now being removed permanently from inside of your country...Do you realize how close we are? ...they will show you inside of the banks the bulletin boards - 4 feet by 2 feet - the currency sheets. Once they do that IMO they will put those same pictures...on the electronic billboards in your streets. Then I believe the exchange rate will be introduced to you after all of this has been presented to you...IMO they have to show you what they're going to give you first and then they give you the exchange rate during or shortly after or at the beginning of the year..[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 *** Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: The big news we're seeing right now is that the United States treasury has stopped the automatic withdrawal of the money from the oil profits to Kuwait to pay for the compensation. They're saying Iraq through the CBI will make the final payment sometime before the end of this year. Then Iraq will send a special request to the United Nation for Iraq to officially be removed from Chapter VII. All of this will occur before the end of this year. FRANK: Everything seems to be pointing to either just before the end of this year or at the very beginning of next year. *** Petra Article: "Economist on the 2022 budget: It will address the fiscal deficit and debts owed by Iraq " ...incredible article...Talk about a potential "strategic" leak this article says MANY things... 1.) Quote: "it is expected that next year's budget will reach the limits of 90 billion dinars," Well wait a second...I thought they did all the calculations in "TRILLIONS". I checked the translation...it indeed says "Billions". Has something changed? 2.) Quote: "the value of this budget will cover the financial deficit and debts owed by Iraq , in addition to securing the salaries of employees in full." ...This can only happen when the country is "sovereign" and working under Article 8 of the IMF and "FULLY" international...! Folks, these are not Typo's! Their words... and strategically given 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 *** Frank26 IMO the education of the monetary reform to the Iraqi citizens is very close to completion...The completion of their education in 2021 is only for them to start in 2022 with a new value with purchasing power to their currency and with an explosion of their economic reform because their monetary reform was so successful... *** Sandy Ingram Article: "Central Bank of Iraq governor meets Turkish counterpart" The governors reported that aim of the meeting was to develop banking relations between the two countries including opening of branches of Iraqi banks in Turkey...This is very good news, however this is even better news! Article: "Central Bank governor welcomes opening of branches of British banks inside Iraq" *** Mark The regular payments to Kuwait have stopped. That is a very important piece of information. Article: “The Central Bank of Iraq has announced that it has terminated all necessary banking arrangements with the US Federal Reserve to stop the automated deduction of Kuwait’s compensation." This is huge news. This is one thing that was necessary for Iraq to join the international world. To ascend to the World Trade organization and to freely trade with an international currency. That this came out today is huge!!! ...This was the best news today..!
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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 Rumors, upon rumors, upon rumors, upon rumors...once again - I got a round of people sending me links to videos and..articles...talking about the rate change has happened in country. No, it has not..! The other one was Iraq settled their debt with Kuwait with the new rate. No they didn't...when it happens for one it happens for all at the same time...how often were the [rumors] ever right about the date and the rate change? Zero. It's gonna happen. I know a lot of these people were promising you by this time...by that time and it hasn't happened...[Post 1 of 2]. *** Pimpy ...no rate change has happened. There is no in-country rate vs out-of-country rate. It's the same rate. There is no government [Kuwait] getting paid off with a different rate. No, it's the same rate. That doesn't make any sense. I hate to be the boogeyman all the time when it comes to news like this but you guys ask me what do you think so I'm telling you...there's nothing there. It's just gibberish. There's no proof in there. 'Inside sources' are starting to sound like CNN...[Post 2 of 2]. *** Mnt Goat The IMF has told us going way back to 2011 that their plan is to peg the IQD in a basket of 5 other currencies and float it on the international exchanges. This makes all the difference as to how the CBI can suddenly revalue it so much...This is real and going to happen. It has 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 ** Walkingstick The time of the monetary reform season is now. We told you there would be satellite banks...London is saying that we have many banks in Iraq now and Iraq has many of their banks and representatives of the satellites in London because we cannot do business with the CBI and its currency right now but its value is going to go up. It is now worth it to us says the international world that's pouring in. We told you the CBI would establish many of their bank representatives worldwide and they are right now. ** Sandy Ingram More than likely there will be a float rather than an out and out exchange rate increase. IMO..! ** Frank26 What did they say that the dinar was going to be on par with? The American dollar. Then it will be a rate of 1 to 1 when it leaves the country. It's not a genius thing here. This is not some kind of miracle that has been discovered. They've already told us this years ago now. You got to know when to hold them and when to fold them. What's it going to be when it goes out into the international world? *** Militiaman Question 1: "What do you think is going on with the CBI and the Governor of the Central Bank of Iraq?" I think they've been very active. Even today they had some wonderful article about meeting with the British Ambassador about opening banks, implementation of border crossings, customs and taxes...they were interlinking with government agencies too... Question 2: "Is it only London that you've seen that has done this?" No not at all. It was Egypt, Jordan [30 others]... Question 3: "What do you think they know?" I think they know...that they're coming out to the world, that they're getting ready to go international completely... Question 4: "Is this a good thing for you and me as investors?" Absolutely. They're part of the whole digital transformation. United States, Great Britain, all kinds of countries, Europe, everybody. *** Pimpy Mr. Kazemi looks like he has an outstanding chance of being the prime minister. This is what we want. There's lots of articles being written about him at the moment talking about his chances...I think Al-Kazemi is a good guy. I think he's a good leader but again I'm not from Iraq. Those people know better than I do...But from what we can see or at least read he seems to be the right candidate...He seems to be doing all the right things to get Iraq back on track...
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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 Question 1: "What do you think is going on with the CBI and the Governor of the Central Bank of Iraq?" I think they've been very active. Even today they had some wonderful article about meeting with the British Ambassador about opening banks, implementation of border crossings, customs and taxes...they were interlinking with government agencies too... Question 2: "Is it only London that you've seen that has done this?" No not at all. It was Egypt, Jordan [30 others]... Question 3: "What do you think they know?" I think they know...that they're coming out to the world, that they're getting ready to go international completely... Question 4: "Is this a good thing for you and me as investors?" Absolutely. They're part of the whole digital transformation. United States, Great Britain, all kinds of countries, Europe, everybody. *** Pimpy Mr. Kazemi looks like he has an outstanding chance of being the prime minister. This is what we want. There's lots of articles being written about him at the moment talking about his chances...I think Al-Kazemi is a good guy. I think he's a good leader but again I'm not from Iraq. Those people know better than I do...But from what we can see or at least read he seems to be the right candidate...He seems to be doing all the right things to get Iraq back on track...
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Wednesday Early Morning Opinions @ 8:55 AM CST - 12/08/2021
ronscarpa posted a topic in Dinar Rumors
Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Kaperoni Question: "Where can I look to see it first? Forex?" There is no RV. This is not a lottery ticket. If and when the dinar ever goes up in value it will go up gradually over time as the economy grows...A country's currency is not a lottery ticket. It's not managed by fools or its value is not random. There is no RV. Only with the success of Iraq's economy can the dinar go up in value. Same old story from Kap..! *** Mnt Goat ...we have seen an enormous amount of recent coordination with the other Central banks first throughout the Middle East...and now throughout the other leading developed nations of the world...This is all VERY amazing...and I fully believe we can expect to see the IQD move to the global trading platforms VERY soon...we can clearly see the path to the early January 2022 timeframe is in the spotlight. WOW! There is just so much pointing to this period... you can see the speeded-up effort to put in place the final steps to the process to go international... I am...talking about finally bringing back the dinar to it’s “glory days” and reinstating it... -
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 FIREFLY boots-on-the-ground TV update] FIREFLY: All last night they kept talking to us about the digital platform again...telling us that it is complete, saying that in early 2022 the budget will be supporting a rate that will enable it to bring the white paper reforms. FRANK: When you say 'When is it going to happen?' It's happening...the first video made it very clear 'we're international.' The second video is about, 'should we raise the value of our currency.' FIREFLY: They just told us they have 3 shows and the next 3 shows will be Friday, Saturday and Sunday to finish the whole pros and cons series. [Post 1 of 2]. *** Frank26 FIREFLY: CONT: They say the dinar is back to global trading market platforms. They're saying Iraq will again be a leader in the region and they said that the dinar will be a supportive feature not only in the country of Iraq but on a global market. FRANK: ...This is fantastic. Every day notice that they're telling you more and more. Now they tell you that the new exchange rate is basically in the white papers. They already told you that it's in the budget of 2022. Remember they called it the 'guarded surprise' for you Iraqi citizens in order to complete your reforms. I'm extremely excited for you and for me...that's why they're teaching you about the new small category notes that you are about to receive..! [Post 2 of 2]. *** Pimpy Iraq's doing everything they can to regain their sovereignty to get removed off the blacklist. We got more oil in the fields that need to be drilled and discovered. We need to develop the private sector so people have jobs but in addition to that less reliance on oil for the budget. The elections are over. Corruption is being dealt with. And we know that Sadr met with Al-Kazemi. Let's hope something comes out of that and we see this continuation of great work...
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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 *** If they are openly telling the citizens and from what we hear...in Iraq that they are going back to the glory days. That will require Article 8 compliance. A rate of 1460 is not Article 8, nor is 1190 or even 1166...They'll need the similar notes, as they had back in the glory days. Thus, they are said to be showing them the old notes in videos lately and still on going. ...The new digital system will require them to have new currency and one they can monitor efficiently and transparently. They have not destroyed 000s notes and reduced the supply of them as well, and...printed new notes to not change the exchange rate to get them on a level playing field like back in the glory days...Iraq has way to much value for them not to not raise the value of the Dinar...Things look very good...imo... *** Mnt Goat *** ...Do not give up on this. It is coming as my CBI contact says; they are preparing the final stages of the executing the project to delete the zeros. Then they plan to then monitor for inflation and if this part of the revaluation is successful then they will move back to FOREX (reinstate) and then we go to the bank... Everything is being lined up for either very late December or early January. I am VERY excited..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy They need to continue to do what it takes to lower that % of oil sales for their budget. A strong private sector means you have a strong economy. A strong economy leads to a strong dinar. I still think it's going to go up in increments until they develop enough of the private sector...less people relying on the gourmet. Stronger economy leads to stronger dinar. Just hang tight, we're seeing them take all the right steps They haven't taken this many positives steps in the right direction in a long time. So far so good. *** Frank26 [Firefly boots-on-the-ground Iraqi TV update] This is weird. The CBI governor is on the television talking about some state-of-the-art technology...they're telling us that we have a 1 of a kind prepaid card for all payments in a Visa card. First of a kind in the Middle East...this is a fully Digital platform and is complete and wishes to have this on the global front so all citizens can make payments internationally. This is getting very serious... *** Mnt Goat ...What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.
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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 [Reference "No Plan" post from 12-5-2021] Now, let's take another look at the same scenario but with planning and preparation...We got the same 10 million IQD and .50 cents equaling $5 million buckaroonies. Option 1: Gifting Assignments. Why Bob? Because it's a great way to reduce your estate taxes - needs to be done...before the RV. Option 2: The Roth IRA. This is the one and only way to have a completely tax-free gain on your IQD. Option 3: The CRUT (Charitable Remainder UniTrust). It's the best way to exchange your IQD in a tax-free environment and provide yourself a lifetime of income, a legacy and sharing with charities on your passing. [NOTE: Always consult your tax and financial advisors at the appropriate time to build a winning strategy specific to your unique circumstances.] [Post 1 of 2]. *** BobTheTaxMan Now, including these plans in your IQD investment can still give you all the dreams...but with very little effort and very little expense. The choice is yours. Some are going to do nothing...spend it as quickly as possible...and then live a life of coulda, woulda, shoulda done things differently. There's some that are going to do something - exchange slowly...hoping the value of the IQD doesn't fall... - Keeping your exchange income under the proposed $400,000/year...Then there's those who are going to do everything they possibly can...reduce or eliminate those estate taxes...have a tax-free gain and...invest this gain for a tax-free lifetime income and leave a tax-free legacy for their heirs... [NOTE: Consult your tax professionals at the appropriate time to calculate the right tax for your unique circumstances and strategies.] [Post 2 of 2]. *** Frank26 The year 2021 is for the purpose of educating the citizens about their monetary reform not their economic reform....the main thing is that they are educating them in the year 2021 about the new small category notes. About the new exchange rate. What did I say to you is in the 2021 budget? What did I say is in the 2022 budget? What did I say is in the 'white papers'... the rate. Last week I told you they educated them on the pros and cons of their monetary reform. It was an hour long video...they told the citizens they were international ...that their currency now has the ability to leave their country or to coming into their country - that's never happened before. They told them that this is the first time ever. There's a whole generation that has never seen their own currency - almost 20 years. So the education process is occurring in the year 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 ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: We now see the special commercial. It's on TV. We're watching it right now. They're saying that the currency of Iraq is tomorrow's future...They say the special will run through the weekend. It's at 9pm Iraqi time. It's a 1 hour show... FRANK: IMO that means you are just a matter of moments away before they show you what they are talking to you about... FIREFLY: This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022. Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country's currency..[Post 1 of 2]. ** Frank26 [Firefly boots-on-the-ground Iraqi TV continued] FRANK:...IMO they have to show you what they're going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you. They can't just give these new currency note in your hands because you guys will not fully understand. It must not fail with you. Once that step has been accomplished they will show a new exchange rate. IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st..[Post 2 of 2]. ** BobTheTaxMan We're going to take an example. Let's say the announcement came from the CBI...with an anticipated rate of .50 cents...So you take your 10 million IQD and you rush off to the bank and you exchange it for $5 Million dollars. Yippie! Your IQD investment finally paid off...you go home petting your precious money fantasizing over what you are going to spend it on...the lifestyle you have dreamed of is in reach. The house, the car, the vacation, the toys they all appear and your long dreamed of funds begin to disappear. Now all the money is spent...whatever you set in payments is still there draining your income and your income cannot continue to support the lifestyle your fantasies created. Then comes a letter... [Post 1 of 2]. ** BobTheTaxMan ...a letter from the IRS you are now owing them 40% of your 5 million dollars which is approximately $2 million dollars. And then the state comes knocking saying 'hey you owe them also'. The dreams of a lavish lifestyle suddenly turn into a financial horror story because you have payments to the IRS and to the state which are freaking impossible. The debts begin to take a toll on your life and your relationships are challenged maybe even broken. Your financial security is completely destroyed and everything you thought the IQD investment would be is now a legacy of pain and guilt. Now, let's take another look at the same scenario but with planning and preparation for the anticipated IQD revaluation. [TO BE CONTINUED...]..[Post 2 of 2]. ** Sandy Ingram Article: "Central Bank of Iraq governor meets with head of Turkey's banking licensing and supervision authority" This is happening...The Central Bank of Iraq setting up bank branches in Turkey. This was good news because it means investors possibly can visit a safe country in which to exchange Iraqi dinars and/or open a banking account and set up possibly 4% interest rate... ** Pimpy There is a lot of positive things working in Iraq. We know these things. We know the early elections took place and the government is being formed. We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield. He's been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector...so their budget isn't reliant on oil sales...they're finding new oil and oil fields. They're working on moving quickly through the WTO. They're doing what they can to remove themselves off the blacklist...we know our troops are getting ready to leave restoring the sovereignty of Iraq. We know that their debt is almost paid off with Kuwait for invading them. All these things are big...steps necessary to get to the revaluation of the dinar. ** Frank26 Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq" What are you putting in there? Quote: "...amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year." Dude you just gave the mathematical formula! That would be $3.61! About an hour after this news agency...resent it without that information in the translation. Was it a mistake - don't pay attention to that? Or was it a mistake - I can't believe you did that! Get rid of that! Release the next article without that information!? Honestly I don't know...IMO Kuwait is being paid off for a reason right now. It is part of the agreement for Iraq to lift the value of their currency... The rate of Kuwait is around $3.32...I don't know if it's an honest mistake but the calculations are fascinating.
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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 A dinar is a dinar in country...Iraqi citizens are not 'cashing in' any of their 3 zero notes. Not like you are. They're simply exchanging their 3 zeros for the lower denominations for more purchasing power. ** Kaperoni ...A "program rate" for the Iraqi dinar. The exchange rate of dinar is the exchange rate. The term program rate is a term that was taken from the IMF in a Stand by Agreement and twisted to imply the exchange rate is fake. All BS....there is no lottery ticket magical RV. ** Pimpy There's one heck of a report that came out on behalf of Iraq. A really positive step. Report: "IMF Staff Concludes Virtual Visit to Iraq" the write up is really good. To start off you can see that Iraq is definitely on track...they're expecting a 12% growth in GDP. That's good...that is a nice little write-up from the IMF staff. Of course it just indicates Iraq is definitely heading in the right direction. Their economy is strengthening...looking good but we still need Iraq to get yanked off that so-called blacklist over there in the UK...we need this election to be finalized and we need peace and stability to remain...we need the troops to get out of there. All these things seem to be happening... ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: We now see the special commercial. It's on TV. We're watching it right now. They're saying that the currency of Iraq is tomorrow's future...They say the special will run through the weekend. It's at 9pm Iraqi time. It's a 1 hour show... FRANK: IMO that means you are just a matter of moments away before they show you what they are talking to you about... FIREFLY: This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022. Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country's currency..[Post 1 of 2]. ** Frank26 [Firefly boots-on-the-ground Iraqi TV continued] FRANK:...IMO they have to show you what they're going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you. They can't just give these new currency note in your hands because you guys will not fully understand. It must not fail with you. Once that step has been accomplished they will show a new exchange rate. IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st..[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 ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: Many of us are upset that the exchange rate has not changed yet and more and more are protesting and speaking out. 'Need a change' is the word on the street. FRANK: ...the governor of the CBI is doing a good job of educating you isn't he? And you know that...your country is so rich that the concept of changing your exchange rate is actually an afterthought... ** BobTheTaxMan We do have a lot of changes that have happened in our tax situation and it's still under flux...We are moving from a conservative to a liberal administration with changes in attitudes, goals, and especially taxes! Under the previous administration we had the attitudes and goals that favored our IQD investment...The current administration's attitudes and goals favor limited retirement, capped charitable sharing and increased taxes for those making over $400,000 per year. I want you to remember that the political pendulum swings both ways...currently it's swinging to the left...[Post 1 of 2] ** BobTheTaxMan It doesn't mean it's going to stay that way forever...this is...normal...don't get too excited over it...crying over spilt milk...doesn't do any good for anyone...let it go. Realize this is where we're at now. We're facing some challenges and some changes that's going to have some effect on our IQD investment plans...Your personal financial ship is up to YOU...you are the captain of your ship. Your preparation, implementation and the results of what you do are yours. Understanding ...changes in policies...the world of taxes is the key...and the hopeful plans we have for our financial future in regards to the IQD...[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 ** Frank26 Article: "Adviser to the Prime Minister: The 2022 budget is guarded by surprises and includes appointments" The budget is guarded? What are you guarding cookies?? No but it's more delicious than cookies...Kazimi is trying to tell the people of Iraq that there's going to be a surprise in the 2022 budget...Do you realize how much the exchange rate is guarded? You realize the top secret involved behind that number? Now you know it's 1 to 1 but you have no idea what it will be capped at do you? ** Kaperoni If you own dinar do yourself a favor, spend your time reading and learning about Iraq and rebuilding of their economy. Until then, nothing is happening...Until Iraq has a new government in place, and they passed laws, build a diverse private sector economy there will be no change in the Iraqi dinar. ** Pimpy Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq" They're just about done with this...this is one of the things I believe is holding up the rate change...the remaining amount is $629 million. Not bad at all. It's less than half what they just paid. They said this should be done by February which means all war compensation should be complete...This is a huge deal for Iraq and IMO helps them take another step closer to a bigger rate change when the time comes plus having their sovereignty reinstated... ** Walkingstick In the 2022 budget the governor of the Central bank of Iraq and the prime minister Kazimi both are telling the Iraqi citizens we have a guarded secret that was well studied... What's in the '22 budget... what's in the white papers? [the rate]. ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: They're talking about the old currency again...the ones from the 1940's...they're saying how the new currency will support a true dinar rate as long as Iraq enters the global markets...they're telling us about deals with foreign countries...and they must have a strong dinar to have these deals with these foreign countries because Iraq will be a centerpiece in the Middle East... FRANK: The CBI is trying to explain to you why you need this new currency because it has to match the new math that they're trying to explain to you..[Post 1 of 2]. ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FRANK continued: the new exchange rate of 1 to 1 against the American dollar and not the sanctioned program rate of 1190 because that does not mathematically work with the new small category notes that they are about to give you. This is a wonderful step in your education because IMO it is putting you in a position to receive them now...IMO you're going to see them before they officially give you the new rate so that you are prepared for the budget at the beginning of next year. They are showing you again this week the old small category notes from the 1940's because they want to make sure you understand that they will be looking almost like the ones that they're going to hand out to you..[Post 2 of 2].
