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Showing results for tags 'opinions'.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 *** Article: "Basra University organizes a panel discussion on the project to delete zeros from the Iraqi currency" This is an announcement from the Central Bank of Iraq at the University of Basra telling the Iraqi citizens as plain as English can be, as plain as Arabic can be, 'We are lifting the value of your currency. We are removing the 3-zero notes. We did this. We accomplished it. It was a long study...do you mind if we add value to your currency? Do you mind if we introduce to you a new denomination that would match that currency? Do you mind if we enter the digital world of transactions to be internationally recognized and grow as a currency mega force in the Middle East? Do you mind any of this Iraqi citizens?' *** MilitiaMan *** The process of the digital transformation for and of Iraq has been underway for years now. They have had international support from the major players and will be ongoing in the future, as managers and partners in the digitized path Iraq is headed on...Aside from the important e-government aspect, there is e-finance, e-payments, e-commerce, e-payments, and yes, e-dinar is on the horizon. ...They say there is a need to expedite the e-government projects and reforms imo, therefore, we should expect them to do so and quickly now...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 Have you noticed Biden is trying to pass a monster budget that he's working on. It's doesn't make sense mathematically especially when they've already passed a few trillion this year. Now they want to pass 4 trillion - whatever the ridiculous amount. Then he says to you don't worry about it because it's paid for. What? When they ask him how's it paid for...he says well I'm gonna do it with capital gains taxes...the reason why IMO is because he knows the Iraqi dinar is about to go up in value. He knows that there are hundreds of thousands of American citizens that have a lot of dinars so he's going to tax the living daylights out of you... ** Breitling Still trying to find out if this window is still open...They're [They were] supposed to come out with an announcement the end of October when they're going to have the meeting and present the report where they can make the decision and all of us are still just sitting here waiting for that ... ** Kaperoni the CBI is educating the citizens and the delete 3 zeros program. That might be but if so it's not what we want to happen. Such an event is a re-domination / LOP which is a neutral event...the only delete 3 zeros talk over the last few weeks in Iraq is colleges hosting seminars / symposiums. Clearly they're discussing a re-denomination/ LOP and the effects. Not a RV. Btw, these are not CBI official conversations but college professors hosting. ** Frank26 [Boots-on-the-ground Firefly Iraqi TV report] Firefly: The television is showing us now older currency. This is different. It's from the late 1940's and they're saying that it was $4.86 and they're telling us these were the glory days. FRANK26: Remember Mustafa said to them a couple days ago, 'we're taking you back to the glory days.' FIREFLY: Saying today's rate must be changed. It must be changed because it's against the people and it hurts them. They're also saying that the reforms at current rate would cost Iraq much money. FRANK26: They already told you there's a new rate coming...a new currency coming to match it. FIREFLY: They're saying Iraq has had many rates of the years and then they show a $3.2 rate also. FRANK26: Every day the governor of the Central Bank of Iraq gets you closer and closer and closer to a date that is written in titanium... ** Sandy Ingram The wealthy never ever spend the foundation of their wealth. In your case it would be the profits from your Iraqi dinars and/or other foreign currencies. Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second person they hire is a tax professional to make sure Uncle Sam doesn't get large sums [The proper amount so you don't overpay] of their money. If you do anything else you are in the fast lane to going broke.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Mnt Goat There is some very good news coming out of the Central Bank. I am told they are still working towards the early January 2022 revaluation of the dinar. There is a huge necessity to actually conduct the project to delete the zeros as the first step and this could happen any day now as we move closer to 2022. I do not believe the assassination attempt on al-Kazemi’s life will make any difference as the project is part of the solution not the problem. Everyone should relax and be glad we are entering an ending period to this long-awaited process of currency reform. ** Frank26 What you are seeing about the reserves is they're showing you that the monetary reform is more than ready...digital transformations of what they've done internationally under article VIII, oh man that's even more. I've already told you security, stability, supply and demand, 'glory days', all these things showing the Iraqi citizens that the CBI is ready to raise to raise the value of their currency to do exactly what Sadr...is telling the citizens. ** BobTheTaxMan Have you heard anything from Warka Bank? For those of you who may or may not be aware... Warka...opened up it's doors to allow people who were International to open up an account to be able to buy IQD there and store them there [In Iraq]...About 30 days ago it went completely dark. Meaning their website...went away. The source I have...went dark...I sent an email inquiry to the CBI...nothing. I do know they were insured and the account they've got are protected...the only thought I have is...either they're being absorbed into another bank or they're being overtaken and managed in the future by CBI. But I don't know exactly. ** Sandy Ingram Article: "Iraq's oil potential still mainly untapped" Iraq appears to be slated to continue in the power of oil due to the untapped oil believed to be under Iraq. Plus, Iraq has a great opportunity to cash in on tourism almost to the same level as Egypt and Jerusalem...
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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've got no choice but to continue to tell you that the CBI is telling the citizens of Iraq that they're going to raise the value and give them a new exchange rate because they ain't telling them anything else. Today there was a bit of a little time out IMO - Kazemi makes a phone call, 'Hey CBI back off from the television because I want to use the television today. I want to make sure that the people understand that I am in charge. That I am the Prime Minister. That I am their leader. That I am in control of the government and the central bank. I am in control of everything and another thing I know who did it...' [Tried to assassinate Kazemi] *** MilitiaMan Article: "Transportation: anchorage of three tankers and a container ship in the southern port of Umm Qasr" More ships in an out mean they are trading, but, are they now starting to clear the trades digitially. The AMF has a report out...that shows Iraq in the graphs regarding blockchain... The fact that Iraq is included shows progress that the region is about to be or is on a level playing field.
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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 You may say, 'Oh...as soon as Kuwait is paid off we're going to see the monetary reform of the Iraqi dinar.' I would say to you, NO. You don't need to pay off Kuwait in order lift the value of your currency. You need to pay Kuwait in order to be lifted from the sanctions and those sanctions are a tangibility of why they haven't raised the value of their currency. Even though they are not directly related...they certainly are indirectly related...all that is being done to allow Iraq to lift the value of their currency is before us and it is just extremely exciting... ** Sandy Ingram Article: "Iraq pays $490 million in war reparations to Kuwait" Iraq has lived up to its obligations and paid Kuwait over another $490 million in war reparations... ** Kaperoni ...The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy...Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate,..." [Post 1 of 3].. ** Kaperoni Floating the dinar would give the CBI a mechanism to allow the currency to gradually appreciate to counter inflationary pressure created by investment and growth in the economy. It also would give them a mechanism to remove the dinar gradually from circulation as the dinar appreciates in value. This IMO is the only way I can see them significantly reducing the money supply. The alternative is a re-denomination (LOP). [Post 2 of 3].. ** Kaperoni Though none of us want to see them re-denominate/LOP, it must be known there are various colleges in Iraq hosting seminar / symposiums on the subject. So as dinar investors we should all be aware a re-denomination/LOP is a real possibility. What that means is the IMF is encouraging Iraq to float the dinar. Not RV the dinar...[Post 3 of 3]..
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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: "Al-Kazemi receives Al-Abadi and confirms: We are proceeding with the reform project" Enough said...Show time...The looks of it is per the PM is that we are proceeding with the reform project...In other, words, thank you for all of your GLOBAL SUPPORT!! Be rest assured your investments in Iraq are safe, stable and secure and we are moving forward with the reform project...imo. *** Frank26 They have over 60 billion in gold reserves. That's not even...the USDs. The revaluation of the Iraqi currency has so much potential. It's insane the potential that Iraq has. The reserves that they have and the gold that they have it'll cover the new exchange rate with no problem whatsoever. They are primed. They are ready. They're teaching the Iraqi citizens this is what is about to come out to you. It's no secret...no doubt about it is extremely exciting...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Breitling ** The conversation hasn't changed on whether they're going to add value to the currency. That's the same. But how are they going to participate in the markets...Iraq is looking at ways to utilize cryptocurrency because nobody controls it...So how long do you stay in the Iraqi dinar? You know nobody knows exactly when this market's going to change...but the reality is that if you see it coming, you see more and more people not using fossil fuels then you know that the Iraqi dinar is probably not gonna last that long. That's how you hedge. That's how you get out. That's an indicator to get out. That's what Iraq is setting themselves up for - insurance. And a lot of that has to do with cryptocurrency. Very interesting stuff because a year ago they weren't taking about this stuff. It's a completely different ball game what's going on right now. ** Pimpy ** I'm still keeping my fingers crossed that Al-Kazemi gets in there [As Prime Minister]. As a matter of fact he continues to work as if he will be in there for the next term. Let's hope that happens...because we're already heading in the right direction. You can see they're talking about letting the rate change go back...in increments. They're going to do it gradually. That's what you want. Oil is way up, more than they budgeted. There's a surplus. Outside investors coming in. It's been peaceful. Let's keep it that way. But I think there's a group of people called 'The Great Reset" that are hell bent on stirring up trouble over there.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Breitling The conversation hasn't changed on whether they're going to add value to the currency. That's the same. But how are they going to participate in the markets...Iraq is looking at ways to utilize cryptocurrency because nobody controls it...So how long do you stay in the Iraqi dinar? ...Nobody knows exactly when this market's going to change...but the reality is that if you see...more and more people not using fossil fuels then you know that the Iraqi dinar is probably not gonna last that long. [Could be years and years away] That's how you hedge. That's how you get out. That's an indicator to get out. That's what Iraq is setting themselves up for - insurance. And a lot of that has to do with cryptocurrency. Very interesting stuff because a year ago they weren't taking about this stuff. It's a completely different ball game what's going on right now. *** Pimpy I'm still keeping my fingers crossed that Al-Kazemi gets in there [As Prime Minister]. As a matter of fact he continues to work as if he will be in there for the next term. Let's hope that happens...because we're already heading in the right direction. You can see they're talking about letting the rate change go back...in increments. They're going to do it gradually. That's what you want. Oil is way up, more than they budgeted. There's a surplus. Outside investors coming in. It's been peaceful. Let's keep it that way. But I think there's a group of people called 'The Great Reset" that are hell bent on stirring up trouble over there. *** Frank26 When the CBI withdraws most, if not all the 3 zero notes, will these three zero notes be null and void to you and me? Will we be able to go into an American bank and say, 'here's my 25k, I'd like to exchange it for the new exchange rate that the CBI put out'? Is the bank in the United States going to say to you, 'no, those are null and void. They were taken out of circulation.' No. The action is to remove the physical three zeros from circulation - period end of story...that's what they're doing at this very nano second...Mustafa said to the citizens, '...3 zero notes...will coexist with the new small category notes. They will be legal tender.' Why Mustafa? Because...it's going to take a little time maybe up to a year or more to retrieve the "mattress dinars" not just from inside of Iraq but from the whole world. You. *** Sandy Ingram Prime Minister Al-Kazemi: "My house was the target of a cowardly attack but thanks to God I and those who work with me are in good health..." There has been continued unrest since the elections in October...there are protests over the results. Pro Iranian groups lost seats in parliament and they have threatened unrest. We find this news to be extremely upsetting... *** Frank26 The Governor of the Central Bank of Iraq he came out on Channel 1 Iraqi television and he tells the Iraqi citizens, 'hey, our goal is to take our currency back to the glory days.' That wasn't me. It wasn't any other guru. It was the governor of the Central Bank of Iraq...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Breitling It's good to have it refreshed in your mind - Why did they lower the value of their currency? So they could pay off their debt. Every country does that. Look at the United States we're going through inflation. People who want to pay off our debt are happy as all get-go because that's what you do. You cheat. You lower the value of your currency and you pay off your debts for dirt cheap...people think there's all kinds of disasters around the corner - it's not what is happening... *** Kaperoni Iraq has a hundred trillion dinar in circulation. There is no significant overnight RV. Remember one of the functions of the daily currency auction is to maintain stability. That is achieved by a balance in the market of dinar to dollars. Removing one or the other creates demand which affects the exchange rate. The dinar had substantially increased (and not decreased...) since the first of the year due to the reduction in exchange rate to 1470 to $1...[Post 1 of 2].. *** Kaperoni Even if you don't look at the CBI reports several economists (including former deputy CBI governor and the prime minister's advisor Salih) have stated in the media how much dinar is in circulation. And again we know the money supply has not been reduced because the exchange rate is stable in the marketplace...[Post 2 of 2].. *** Frank26 We've been telling you for a long time you're far ahead of the curve, that the CBI would come out and show commercials and start explaining everything. You're seeing all that...How come there's nothing in print about what we're telling you that [Firefly Boots-on-the-ground] is being told by the CBI about the lifting of the value of their currency? Why? Why? Why? Because they [the media] were not allowed to ask any questions. You are now going to see questions and answers in print. They'll catch up to you being ahead of the curve once again...starting Sunday, look all over the place... *** Pimpy They're talking about rate exchange again. Article: "Economist: Reducing The Dollar Exchange Rate Is Exclusively In The Hands Of The Governor Of The Central Bank" The government can't say or demand or do anything to change the exchange rate. That is up to the governor of the central bank. They're totally separate and independent of one another. If the rate is going to change it has to be the governor of the bank not the government or parliament. They can't force the central bank to change the foreign exchange rate. Quote: "Economic expert had previously confirmed that the central bank can gradually reduce the price of the dollar..." This is what I was talking talking about - It's being done in increments. *** MilitiaMan It is not all about Iraq, it is far bigger than that... So for those that suggest 2022 era for a rate change may be short sited, because the thought that it is only about Iraq is not considering the Digital Transformation that is upon us now, not later... 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 *** BobTheTaxMan If any of you watched the news today you've seen what appears to be the whole inertia of everything that the Biden administration was wanting to make in their 3.5 budget has been slashed and then recently have even been stabbed...the $10 million cap on our retirement accounts, the stepped up bases being taken away a few other odds and ends that were really concerns for us are no not on the table. Now does that mean that's permanent? No...it could be brought back up but quite frankly I doubt it really seriously. I think that all the plans that we've made before with our IQD plans are going to be very valid. Extremely valid... *** MilitiaMan Take note that Iraq has a new digital system in place now. We saw proof of that Sunday 10/31/2021... Iraq is not waiting until next year. Rate comes before activation. The same day 10/31/2021 the CBI stated that digital payments are imminent! Thus, the they intend to change the exchange rate, imo. ... they signed a contract with the IMF... In other words, they just may finally have the green light to light up those digital payments and not with a program rate...We shall see. imo There is nothing stopping the CBI now... It is their baby, not the GOIs... 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 *** Walkingstick The ATMs and the commercials are hot right now. That's a hot subject in Iraq right now. Very hot...IOO the CBI governor has announced to the citizens of Iraq that a change is coming in their monetary reform. That a change is coming in their exchange rate. The change is coming in their currency - He called it 'lower notes'...welcome to the CBI announcing to the Iraqi citizens the introduction of a new currency of a new exchange rate... *** Breitling Member Comment: "One of the gurus is always talking about trillions of dinar out there...You have said on many occasions at last count there were between 5 and 6 billion notes and we were waiting for it to get around 4 billion or less. I think what this guy is trying to figure out is what denominations are out there and came out with trillions." No. What he's doing is taking the M1, M2, M3 [reports]...M1 has the currency - How much physical currency is in circulation. That's in the M1 report. The M2 report is the commodities - gold [etc]... there are 4 separate reports and what he's doing is...talking all those reports and combining them together. What do all those reports [equal] combined together...? Something like 54 trillion in dinar value. He's trying to say there are 54 trillion dinar out there in circulation. He is wrong... *** Frank26 The process that is occurring right now IMO is that the CBI is educating the citizens that they're also going to be removing...3 zero notes and taking them out of circulation. 70% has been collected and they don't want to pump any more 3 zero notes into the money supply...This will cause the citizens...to bring them into the banks... And it takes us to the point where Dr. Shabibi said, 'Our goal is to return our currency back to the glory days.' The glory days were in the 40s...We have the governor Mustafa of the CBI today repeating the same words that Dr. Shabibi said...our goal is to take our currency back to the glory days. To add value to it again. To be a leader in the Middle East... *** Kaperoni It is...a fact that Iraq has over a hundred trillion dinar in circulation. There is no possible way they could ever significantly RV the dinar. What they can do is redenominate (LOP) the dinar removing trillions to billions. Or....They can build a diverse private sector and allow the dinar to float up gradually over time...gradually removing and reducing the dinar in circulation
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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: "Iraq pays Kuwait $490 million and is close to closing the compensation file" Iraq is just $629 million away and it is going to be done at the beginning of 2022. [Iraq owed billions at one time.] That will close the compensation files permanently. That means Iraq does not owe Kuwait any more dollars. This is going to go a long way to restore sovereignty and definitely lifting the restrictions off of the Iraqi dinar...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Something big was announced... Article: "US Bank expects oil prices to rise to $120 per barrel" I think it was $45 a barrel projected for the 2020 budget. The 2021 budget either $50 or $55 a barrel...$120 a barrel? This is going to be phenomenal for Iraq. Talk about getting back on your feet in a quick way. This year they were able to get rid of the deficit. Next year if this price stays at where it is or even gets to $120 they will have a surplus. That means more money for the private sector...that's what we want to see...a strong economy create a strong currency. That's what we want. *** Frank26 [Boots-on-the-ground Firefly Iraqi TV report] FIREFLY: They are actually showing us our old currency from the 40s, and 5 from the old days, and then they talk about our current currency and they keep repeating and saying over and over today that the exchange rate needs to be reduced [reduced is the right direction] to help the citizens... FRANK'S RESPONSE: They have to show you the old notes because the old notes used a different exchange rate back then so they have to educate you on why you're getting a new exchange rate and new currency with it. You are being educated about the removal of the 3 zero notes...soon you will be introduced to the new small category notes which the governor of the Central Bank of Iraq is talking about with the new exchange rate...FIREFLY: We are amazed at all the stuff that we are actually now seeing and at the speed that it's coming to us...I am excited right now because it is the final countdown...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "IRAQ PAYS KUWAIT $490 MILLION AND IS CLOSE TO CLOSING THE COMPENSATION FILE" Quote: "...will work to pay the remaining amount of compensation, estimated at about (629) million dollars, at the beginning of next year 2022, to close the compensation file permanently." Is this what they are waiting for to RV? It may be part of it. *** BobTheTaxMan Question: "When considering bank fees for exchange if you're going to be depositing millions in their bank should a fee be charged for the exchange?" As most of us know the exchange rates are not available at the moment. Each exchange location whether a bank or third party will have their own way of determining these rates. It would pay to ask around but realize nobody right now is going to offer you an answer period. NOTE: Every financial institution charges exchange fees, and there is no getting away from that. However, you can attempt to negotiate a lower rate if you have significant funds to deposit in their institution. You will probably have to commit to a period of time to leave those funds in their institution. I believe Adam has looked into the possibility of negotiating a discounted rate for exchanging as a group, but I'm not certain. It's probably part of VIP if he has; but I'm sure that's something he would present to us when the need arises. Blessings....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 ** Pimpy Article: "Sadr bloc of losing forces: No power sharing this time" Let's hope this guy is sincere about changing the Iraqi dinar exchange [rate]...let's hope he is truly for the people...looks like Sadr is putting the smack-down on people. He's hell bent on controlling everything himself...he means business. ** Militiaman Article: "Mazhar Saleh : The rise in oil prices revives investment... and the financial surplus to reduce unemployment" This is part of the security they need to support the value of the DINAR... They are mentioning that to restart the projects at the current dollar exchange rate would be an additional cost to the state. Hence, support again for the new exchange rate to be implemented now and not later... ** Frank26 Mustafa, the governor of the Central Bank of Iraq, came out and told the Iraqi citizens about 4 days days ago we are taking your currency back to the glory days...the CBI shows inflation is under control...the GOI showing that we have security and stability because of the military and the leadership with Kazemi and now we have the governor of the Central Bank of Iraq repeating the same words that were said...11 years ago [by Shabibi]. That is a full circle. ** Kaperoni Over the past year...there has been significant progress in creating a suitable business environment in Iraq. Although there is a lot of work yet to do including passing many laws. So I am optimistic the dinar will eventually gradually via a float rise in value.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat ...in today’s news a government official comments on changing the dollar exchange rate after the rise in the oil price. ...They are again talking about why it is so important to get the CBI reserves yet higher. I believe they are already where they need to be now... *** Breitling I wish it wasn't 7 years. I wish it would have revalued by now. But here we are. No less it's still a huge opportunity. It's a major opportunity. And I'm not getting out. *** Sandy Ingram One of our major concerns was eliminated last week when we learned Iraq is becoming certified or has been assessed/reviewed to do business with the international banks on a global level. We are hoping this means that certain banks in the US and around the world will accept and exchange the Iraqi dinar. However until they announce this option we must wait and see.
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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 ** Deepwoodz Article: "A government comment on the change in the dollar exchange rate after the rise in oil" It makes perfect sense that the digital transformation is the key...This kind of SECURITY is also a must have… to allow for the transparency they’ve harped on and also to prevent theft of the most valuable currency in the world. If it isn’t yet, it soon will be...Saleh lists pre-requisites for the rate to change, he DID NOT say anything about seating the new government or passing any laws...Nothing has stopped. Lava don’t stop for nothing!...Iraq has almost graduated from a third world country into the modern era... ** Clare Article: "A government comment on the change in the dollar exchange rate after the rise in oil" Excellent!!! IMO ** Samson Article: "The Sadrist movement reveals a trend regarding the dollar exchange rate" Quote "the rise in oil prices in the global market will be enough to provide financial abundance, instead of resorting to raising the exchange rate of the [U.S.] dollar [Which would be the same as lowering the rate of the dinar], this is the economic solution..." ** BobTheTaxMan Question: "Where will you go to exchange?" There are several options...it will be up to you to locate, compare and exchange unless you elect to put your IQD in a vaulting service and let them do the exchange for you. There are lots of benefits. Security, speed, ease - in doing it that way...
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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: "Enrollment and digital transformation". The Central Bank has ANNOUNCED that they integrated the new digital system. The system is to make way for a cash less society. Not a no cash society. Therefore, the implications suggest they'll be changing the exchange rate to reflect an internationally accepted rate that will be or is now digitized. [Post 1 of 2] *** Militiaman That will imo require Article 8 compliance and New Small Category Notes to facilitate trade down to the street vendors. There will be new digital equipment necessary to facilitate the new systems, new equipment in place now. They ANNOUNCED they launched the new system... They also are now and have been talking about the change of the exchange rate...The GOI is to approve of an exchange rate change and they clearly seem to be. The job of lifting the exchange of the Dinar to the Dollar is the CBIs job... I like what we see here and the timing couldn't be better... imo..! [Post 2 of 2] In my opinion this is awesome news..! It would be wonderful if something happened before the new year ... 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 *** Mnt Goat So, these rumors about Iraq having loaded the ATMs with the lower denomination are TRUE...Yes, there are lower denominations in the ATMS as they are the 250, 500 and 1000 dinar notes. This is nothing new and they have been used in the ATMS for years already...But these are not the notes we want to see in the ATMs. Remember they can’t just load the lower denominations that we expect in the ATMs and then not use the ATMs until the RV happens. *** BobTheTaxMan Question: "I'm struggling to find a bank that will exchange the IQD?" Obviously. None of them will at this point in time. Question Continues "...is that because it doesn't have any value yet?" Banks and other exchange services simply don't have an answer at the moment. However, considerations I might suggest is putting your IQD in a valuing service...they will actually do the exchange for you once the RV happens after you determine the rate acceptable to you. What's the advantage of that? First of all safety, ease, comfort. They already have several sources where they have a private agreement with...including a bank...that's a serious consideration to take a look-see at. [NOTE: Due your due diligence and consult your financial advisors before committing to any financial services.] *** Mnt Goat [Q? : What do we know for sure?] There is an overall long-term plan or strategy of the Central Bank of Iraq (CBI) when it comes to implementing reforms for the monetary policy for the dinar. They have told us this plan way back in 2011. What we don’t know fully is the timing of the execution of the plan. I mean “fully” because we do know some pieces and we have already witnessed them playout. So we know they are working towards their stated goal of reviving the Iraqi dinar back to it’s “glory days”. Remember years ago when they used this term? *** Pimpy Oil price is rising which is what you want. It's now up to $85.72 - help generate more revenue for Iraq which means IMO let's go ahead and restore the old rates at the very least going into this next year. *** Breitling Question: "Would a currency seller be a better or more immediate option?" As far as a currency dealer verses a bank you go with who will exchange it for the best rate. It's that simple. Who can exchange it for the best rate.
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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 Question: "Will there be a time limit to exchange?" Likely not. It would be no difference than it is right here. *** Kaperoni I can't state it enough, never put your dinar in anyone else's hands to manage or exchange on your behalf you will never see it again. Theft has been going on for years and this is just an attempt at stealing your dinar...crooks are relentless at making up scams to acquire your dinar dating back to flying people to Reno NV to meet with scam artists pretending they were bankers *** Sandy Ingram Article: "Iraq election body soon to announce final results after recount" Finally Iraq is almost ready to announce the results of the election after a recount. *** Mnt Goat "At the bank branch of the Central Bank in the province of Basra, the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch. The branch displayed large images of past and current dinars...a 1947 Dinar note with King Faisal II was shown in the Basra branch of the Central bank display. Why did they highlight this past dinar note? Look at the rate for the dinar during that time period. It's $4.86. Go figure! I do not believe in coincidences..." {see Iraqi dinar exchange rate history graph below} Iraqi Dinar Exchange Rate History
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Breitling Question: "Can you clarify the statement you made regarding exchanging the dinar as soon as possible in relation to things going sideways because of Iran 's influence and the RV? What should we as investors look for?" If Iran starts to get heavy-handed in the region then Iraq is going to add value to their currency. They will. That's not going to stop. But how does Iran take that power away from Iraq ? What do they need to do? What does the United States do to Iran ? [Post 1 of 2].. *** Breitling We do an embargo on them. In other words their market share is shrinking. We're taking away their wealth. So that's what Iran will do to Iraq . They will make sure their markets don't grow. And that's why you want to get out if indeed that happens and it goes down that route. You want to get out of that currency as quickly as possible. Because...the first thing that comes is destroying their currency. And then they have to be that much more dependent on Iran ... [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 *** Godlover Laws...period. The new parliament will need to pass the 2022 budget. I know many will say that this is up to the CBI. Yes the CBI is in control of the rate...but the rate needs the budget. I have heard so many times that the budget needs the rate...that is fine, but that would also imply the rate needs the budget. You cannot have one & not the other. Everything monetary is based off of a budget...a budget seen or not...when they approve the 2022 budget & then open it, we all hope & pray the new rate is within it. My thinking is a new rate should all happen prior to voting on the 2022 budget... *** Clare NO ONE KNOWS THE DATE...THE CHASING A DATE HAS TO STOP! THE CALLING A DATE HAS TO STOP! WE ARE MOST DEFINITELY AT THE END! ...WHEN WILL IT SHOW? I DO NOT KNOW...THEY DO NOT HAVE TO TELL US THAT. BUT DON'T FORGET SADR DID SAY IT...THIS IS ONE OF THE GREATEST INVESTMENTS OF OUR LIFETIME IMO! LET'S BE GRATEFUL AND WAIT FOR IT TO SHOW A BIT LONGER...WHATEVER DAY THAT IS...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Petra IMO..Iraq has been ready for 3 months…CBI Governor announced they were completely digital 3 months ago, but, needed to see the testing of the “mechanism” and they did…3 times ...Iraq has already lit the fuse with the cessation and removal of the 3 zero notes…A vacuum has been created and “must” be filled soon or there will be confusion in the minds of the citizens … *** Militiaman They [Iraq] talked Dinar digital currency today!! Why? Because it is reality … Imo they are further along than most actually get. Imo ...The amount of data to suggest that...can be seen yesterday about the local digital crypto currency that took the street by surprise and was successful and we never heard of it... They are more savvy than given credit.. imo..! *** Frank Article: "Generalization of the credit card reader on cash transactions" CBI CONTINUES TO EDUCATE Article quote "According to the Central Bank, one of the most important achievements in the payment systems in the Payments Department is the start of work to assess the readiness of the Iraqi payment system, in line with the international standards {PFMIs} of the World Bank" *** Militiaman Article: "The 5 and (to) 10 thousand dinars denominations disappeared from the ATMs" The information on the digital transformation that is upon is everywhere. The amount of top level work completed now is mainstream and straight from the highest in Finance in the world. They are openly talking about Retail Digital Currencies, digital cross border payments, etc.. Article quote "It also covers digital trade systems and fair and inclusive global governance." Notice they use the words INCLUSIVE GLOBAL GOVERNANCE!!! That is because the digital transformation is approved and on stage for all to see.. IMO there is nothing to stop it now.. Lets see what they show us next.. *** Breitling Article: "Al-Kazami advisors propose a solution to reduce the value of the dollar..." People have sent me that headline asking do they really mean the dinar? No they mean the dollar. They are reducing the value of the dollar that means they're adding value to their own currency. In this last election they just had... you had Sadr, you had Maliki and all these guys talking about how they are going to add value to the currency. What would that do to the value of a dollar inside of Iraq?
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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 ...I presume the questions are whirling around as to time and amounts? All I can say to that is they suggest digitization is upon us, so time is short.. As for valuations, that is a tricky topic as valuations depend on so many things. But, let’s just say they did tell us they want to go back to the previous era.. Well an era is a long time ago, not recent history. Glory days comes to mind.. Oil is not $45.. lol *** Pimpy A new contestant has entered into the royal rumble and this is not one that you want to be playing. Guess who is making themselves known. Yep ISIS. Article: "The Diyala attack left a massacre...the result was 12 casualties and 15 wounded" ...we don't want ISIS there. Iraq has taken big strides to get back on track. They have done great things to get back onto the international scene...this is just a small attack but let's hope this does not escalate. I'm really troubled about what happened to Afghanistan...we don't want that to happen [in Iraq]. We want stability there... *** BobTheTaxMan Question: "If I exchange IQD in the first quarter will I owe taxes on the exchange in the second quarter?" The taxes are due in the quarter you have the gain. For example: If you the exchange happened in February you have to pay the taxes due, both the federal and the state, by March 31st... [NOTE: Consult your tax professional at the appropriate time for assistance in paying the right amount of tax for your situation.]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Breitling Question: "After the IQD RVs do you believe the banks will exchange immediately or will they wait until the currency stabilizes?" No they will trade immediately. *** Mnt Goat Article: "THE CENTRAL BANK OF IRAQ: A LIST OF IRAQI BANKS THAT HAVE OBTAINED THE CLASSIFICATION OF ACCREDITED INTERNATIONAL AGENCIES" Why would they do all this work to establish their international banking ability and to get all these ratings if they did not intent to trade and use the Iraq dinar internationally?...It’s coming…!
