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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Kaperoni I often tell people we need to be patient with Iraq because the most important thing is for them to build a private sector economy. If they do not succeed they will have no choice but then Redenomination the dinar (LOP) notes. Which is not what we want to see. Despite the frequent nonsense...about deleting three zeros as something that is good. What the Iraqi government is talking about is not. It is a neutral event that does not provide any significant gain to the Iraqi dinar. [Post 1 of 2].. ** Kaperoni Building an economy / private sector improves Iraq's economy in all phases...manufacturing, tourism, agriculture etc. That kind of success growth then would warrant the value of the dinar to gradually appreciate...Having the dinar rise in value is the result of that success. There is no shortcut that is good. [Post 2 of 2].. ** Militiaman There is reason to be excited! ...The evidence is quite clear they have every intention to be digitized, down to their currency. It is no secret anymore that the world is going to be operating at a far more advance pace...So, what can we expect going forward? Global inter-connectivity. We have been told by the CBI / AMF that they have successfully cleared the Euro with the Jordanian Dinar (JOD). [Post 1 of 2].. ** Militiaman My understanding is, that success story was not the only story to be successful...The communication system will require the cross border payments to be transparent, fast and secure. And it is. So, now we just have to watch and see how long they can last without 1,000 - 10,000k notes, let alone 25k notes. Fairly sure they told us they have been paying citizens electronically and as recent as this past week, so if everyone that gets electronic payments now will be ready for the switch over to having less cash on hand. I'll be looking to have a little more...lol [Post 2 of 2].. ** Pimpy Now this is interesting. Listen to this because this should tell you what you need to know about cryptocurrencies and the great reset... Article: "Al-Kazemi advisor comments on a Shafak News report on 'digital currencies and warns against one of them" Listen to this because this is going to tell you why you should support cryptocurrency ...cryptocurrencies are now coming into Iraq. There was one that was created and now starting to pick up steam as people have more faith in the cryptocurrency than they do its own currency. [Post 1 of 2].. ** Pimpy Article quote: "Salih told Shafaq News there are two types of digital currency, one of which is called cryptocurrency,' noting that 'it is a system outside the control of central banks and financial markets, and it is traded through its subscribers and founders, so that there is a commodity exchange and coverage of transactions outside the control of international finical supervision.' " Don't you love it? Of course. That means a currency for the people by the people. That is cryptocurrencies. He's telling you it's outside of their control. They can't control it. [Post 2 of 2]..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Militiaman Article: "Al-Kazemi's advisor comments on a report on 'digital currencies' and warns against one of them" Article: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" Now Iraq is clearly telling us above they have digital currency and it will be tracked to the penny. I find this article to be very timely and to be expected. They took out the 1,000 - 10,000 notes and in the past we witnessed them destroying 25k notes in a filmed interview on the matter, thus, by them taking out the notes, they'll need to have replacements, hence, the need for an adjustment...In my view they must be in a hurry now...I suspect that with them having experience in digital currency...a flip of the switch may all that be needed .. lol *** Breitling Question: "Doesn't it seem we get so close to a viable window for the change in the dinar then something happens?" No that isn't true...Don't get emotional like that. Don't think like that. It's not a hot or cold situation. That's why I use the term 'windows'. There's an opportunity coming up at the end of October/November that hasn't changed. That window is here. We'll see what they do. Their decision is going to be based on the markets. It's not an emotional thing...There is no 'getting close' or 'almost' or 'should have.' You are thinking incorrectly. And if you do think like that this is not the investment for you. It is not the opportunity for you because it will just drive you nuts. *** Mnt Goat ...There is nothing but good news today to share as far as the RV goes...We see in the news today that the Central Bank of Iraq announced, on Wednesday, that Iraqi banks have obtained an international classification from international agencies. Why would they even bother with this if they did intend to trade their currency and use it to pay their bills and pay for imports? So this is all telling of what is about to come. Everyone just needs to hang in and stay with the investment...We are in a very good path to look forward to a possible January 2022 reinstatement. We will need to see the “Project to delete the Zeros” begin sometime in December 2021, if they still plan for the reinstatement in early 2022. This is something we need to watch for.
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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: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" WHY DIDN'T THE CBI ALSO REMOVE THE 1, THE 10, THE 20, AND THE 100, 250 AND 500... BECAUSE THEY WILL COEXIST WITH THE NSCN's (new small currency notes)... ** Pimpy I tell you right now there's a royal rumble happening right now and I mean a royal rumble. The elections happened on the 10th of October and already we're seeing some bad actors step forward that you do not want to be involved with what's going on. As a matter of fact they're already acting like they're going to form the next government. These people are supported by Iran. I'm talking about Maliki trying to move into the territory of Sadr and demand that Maliki become the next prime minister. No! This guy is the one who stole a lot of money from Iraq. He's corrupt as hell and now they're trying to force their way forward claiming that they have the biggest supported block and they are backed by Iran? You don't want them in there...let's hope for the best... ** Mnt Goat Article: "AL-MALIKI IS TAKING A “SURPRISING” PATH WITH THE AIM OF ACHIEVING A “THIRD TERM" Quote: "Many blame al-Maliki for the emergence of ISIS and its occupation of a third of Iraq’s area between 2014 and 2017...which makes his chances of returning to the position slim." I totally agree...There is not much more to say other than do not worry. Nori al-Maliki will NOT serve a third term, EVER..!
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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: "When Iraq puts value on its currency will it start out at .40 cents, .50 cents? I've heard they want to get it to a dollar." That's exactly what they want to do. At a minimum they want to get it to $1.17. Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF - 'can you help us get our currency back to $3.25'. 'Absolutely we can help you do that.' But it's a process...the .50 cents and above - where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and...help expand their markets. At the point I was doing that math (it might have changed a little bit) it was like .58 cents. The best math we could come up with. ** Vital Brad People talk about the contract rate. I'm not a financial advisor...make your own financial choices...Here's my thought with the contract rate...I've heard some people say that, 'Oh when you exchange your dinar there's going to be a contract rate of at least $30.' I'm like - huh? - there is no contract rate..! ...IMO $3.22 (is possible) for the dinar. That's what the Iraqi dinar is worth based on that particular country's assets and wealth...If [the rate is] $3.22 how can someone get $30? An exchange rate is an exchange rate. Who's paying out the difference...I'm not trying to burst anyone's bubble. That's not my intention...I think the rate is going to come out at the rate it's going to come out at and I don't think there's going to be a contract rate. My opinion only... ** Pimpy Article: "For the second day, the dollar exchange rate fell." That's right the dollar is losing ground on Iraqi dinar but it's not like it's huge leaps and bounds. They're very small but the dollar is becoming weaker and Iraqi dinar will become stronger...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Kaperoni If anybody understands how Iraq forms a government, must realize it is not an elected prime minister it is political groups joining together to form the largest block which they then choose the next prime minister. Al-Maliki has been working diligently to form the largest block. This needs time to play out but to see Al-Maliki hosting meetings to form the largest bloc to choose the next prime minister (which he hopes is himself) is not what we want. This won't happen...Sadr, who has the most seats, hates Maliki and won't let that happen...RON ** Mnt Goat Article: "OIL EXPERT: IRAQ WILL ENTER ONE BILLION DOLLARS ANNUALLY IF THE PRICE OF OIL INCREASES BY ONE DOLLAR" Boy, oh boy, I have to admit they are very good at hiding their numbers. Well so, at $1 billion additional monetary reserves for every $1 increase in a barrel of oil then with and increase of $20 a barrel (additional $20 billion in monetary reserves ..right?) they are telling us they can reach over $100 billion in monetary reserves by the end of the year. I said by the end of the year… Could this be their goal all along..?
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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: "The 5 and (to) 10 thousand dinars denominations disappeared from the ATMs" With them even showing that the 1,000 - 10,000 notes are disappeared from the ATMs is very telling. With the UST telling us the G-20 have 136 countries in agreement on digital International Taxation and a flat tax, the cross boarder data and digital trade noted by the G-7 today, it is not surprising that they would be adjusting for the NSCNs to replace those the 1,000 - 10,000s. The need for them will diminish with a new international exchange rate applied. It doesn't take long to replenish ATMS. The goal is not to worry the citizens, the goal is to make them happy with the new purchase power that the new smaller notes will bring... ** Sandy Ingram Article: "19 Iraqi Banks rated by international agencies" On the surface this sounds like insignificant news. However let me explain. You will be dancing after you understand this... Quote: "19 licensed banks in Iraq have been rated by accredited international rating agencies - Capital Intelligence, Fitch, Moody's, Standards and Poors, - the bank [CBI] said...it is a sign of their compliance with domestic and international standards..." [Post 1 of 2].. ** Sandy Ingram Quote continues: "...The central bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors especially after their success in obtaining such classifications..." I'm sorry I don't think you heard me and if you heard me did you understand what I said? 'Increase relationships with international banks.' Meaning the CBI wants to be in harmony with international banking systems. She [The fat lady] may not be singing, but she sure is dancing. Iraq wants to co-mingle with international banks... [Post 2 of 2].. ** Vital Brad Question: "When it finally revalues how do I turn it in?" When this thing goes international and Iraq is back on the international arkets...you're going to be able to go down to any bank that offers Forex...you can exchange currency from other countries. Those banks will all of a sudden be able to exchange the Iraqi dinar and our hope is at a new rate... ** Samson Article: "Report: After lifting immunity, former MPs leave Iraq" Report quote: "the dissolution of the Iraqi parliament on the seventh of this October resulted in the lifting of the parliamentary immunity guaranteed by the constitution for hundreds of deputies whose results showed the last legislative elections that were held on October 10." More than 70 percent of them lost their seats, which means that the ministerial committee tasked with pursuing corruption files by the caretaker government headed by Mustafa Al-Kazemi, will be able to investigate any of them. "
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Kaperoni Member snicker "So I lost 25 k? Who cares? It wasn’t my money anyway. Hehe" The dinar has value. It is not a lottery ticket therefore it is not worthless. Hopefully with the success of their economy they will raise the value but it's going to be overtime. ** Frank26 Article: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" Quote: ...“the ATMs of the bank to which I settled my salary, are devoid of small and medium cash groups (1000 to 10 thousand dinars),..." WHY DIDN'T THE CBI ALSO REMOVE THE 1, THE 10, THE 20, AND THE 100, 250 AND 500... BECAUSE THEY WILL COEXIST WITH THE NSCN's. ** Don961 Article: "The 5 and 10 thousand dinars denominations disappeared from the ATMs" Good Morning DV ... Have a blessed Sunday..! RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 ** Article: "The Minister of Oil sets the price of a barrel in the budget and expects crude to reach $100" WE TOLD YOU IT WOULD BE $100 PER BARREL... ** Mnt Goat ** Article: "AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE" ...this article does not tell us what they mean by changing the exchange rate. Could this mean back to the pre-devaluation program rate or the RV we are looking for? ...anyway you look it, the news is very good. We know that under Dr Shabibi the monetary reserves of Iraq reached $90 billion. ...they have reached a record high and so they must be over $90 billion reaching close to $100 billion. If oil continues to rise, as they project it will, Iraq will reach over $100 billion in reserves... GOOD MORNING DV ... Have a Blessed Day ... 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 Article: AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE" I think they are trying to warm us up to the FACT that they are more than ready to revalue their currency. This is just one more article informing us. *** Kaperoni Though everybody would like to see things begin...we have to keep in mind that we just had an election a few days ago and Iraq has a tendency to drag out the process of forming a government for months. I wouldn't expect a fully seated government for at least four months. *** Breitling Question: "Do you think the CBI is waiting for their economy to diversity away from oil before they complete the revaluation?" No I don't. I think they can add value to their currency today. I think...there's a lot of influence from Shia/Iran in the region and they can burn anything they want down. What Iraq is trying to do is - how do they build this up so they don't piss off the Saudis which is Sunni and they don't piss off Iran which is Shia. They keep those guys at bay. [Post 1 of 2].. *** Breitling Not only that but they can't piss off Russia . They can't piss off the United States ...that's where the hesitation comes from. It is tough. That's why the opportunity is such a great opportunity. Most people won't risk to get into that. To me it's not a risk. I can take the currency I bought and exchange it for what I paid for it. It's that simple. But they don't need to diversify. Iraq - their currency was at $3.25 just selling oil and they want to get it back to that. [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 Yes, that's right there's talk of an exchange rate change and that's got the big-what-to-do going around the dinar community... Article: "After the rise in oil, expert reveals the possibility of reducing the dollar exchange rate with this mechanism". Here we go. This is what everybody's talking about...What they're talking about is decreasing the dollar against the dinar - giving the dinar more purchasing power. That's the direction we want to go into... [Post 1 of 2....stay tuned] *** Pimpy Quote: "an economic expert revealed on Wednesday the possibility of returning the dollar exchange rate to its previous era..." When they say era I think they're talking about where it was prior to this last move. Instead of getting 1450 dinars for every dollar you're going to get 1190 dinars...not the big jump. Not yet. I do think it's going to go up in increments a lot faster than people think. We don't have to wait for an RI or an RV. Through a normal course of how currency gains its purchasing power we can watch for that because it seems to be happening... [Post 2 of 2] *** Walkingstick ...'Europe' said it best...'The Final Countdown' What exactly does this mean, and in what context..?
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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 *** Newshound Pimpy Article: "The Arab Monetary Fund, in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, Organizes a course on 'exchange rate policy' " ...people went to learn on different subjects. One of them had to do with the exchange rate policies...people thought this meant that the rate change was going to happen. Every time an article talks about a rate change that does not mean that they are telling you a rate change is coming...the courses are meant to help get everybody on the same page and to do what they can to strengthen their economy but especially their local currency... *** Newshound Mnt Goat ...there is no new signs or evidence whatsoever that they are going to RV any time prior to the beginning of 2022. ...However, this was a busy period for news from Iraq and lots of good news. This does not mean it is going to RV tomorrow or even in the next coming weeks. The NEAREST window I can see is January 2022 and the signs are all pointing to this period. WOW..! ARE YOU READY..? *** Frank26 Article: "The Arab Monetary Fund, in cooperation with The International Monetary Fund's Center for Economics and Finance in the Middle East, organizes a course on "Exchange Rate Policy" Like we told you...the CBI will have commercials and...that has now started also we told you the commercials will educate you [Iraq Boots-on-the-ground Firefly] on why you have a new exchange rate and a new small category note to match that NEW exchange rate and as you can see that has started. -
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 Firefly TV update]: FIREFLY: TV loaded with commercials today showing Iraq as up and coming country showing new banks new businesses coming showing all good things about Iraq we seeing new commercials for banks…Arab league fund and IMF starting changing rate policy study and guideline big event going on it’s on tv about changing exchange rate policy…It’s all over our television every channel...new commercials...talking to us about the exchange rate...this is amazing. Says it’s a course on exchange rate policy. It’s hard to believe what we are hearing...our banks will soon give us a modern currency with a modern exchange rate this is all so hard to believe but we are so grateful…. *** Newshound Guru Pimpy What have we learned over the past year...? Is an RV or an RI possible? Are we getting any closer at all to achieving what we all want? Just so you know an RV is when they revalue the currency and RI is when they reinstate the value of a currency to its prior value...the United Nations, United Nations Security Council, the Forum On Economic Development all said there's no reason for Iraq not to be reinstated to their value of $3.22 cents prior to the devaluing of the currency by our country [USA]. *** Newshound Vital Brad If you look at the region where Iraq's at - Kuwait...their currency is very very valuable because of oil reserves. If it [Iraqi dinar] comes out at 10 cents I'll probably cash out half at the 10 cent rate and then I'm gonna wait. I'm gonna hold for it to raise even more. That's just my opinion. *** Newshound Kaperoni Speculative Challenge: [They may LOP and let it rise and fall from there which it looks to me like all the cards are stacked in that direction. They are just waiting for the right conditions and timing. Please convince me that the odds are over 50% in other direction. Hope I’m wrong!...] A: Remember, Iraq intentionally sold the dinar around the world so that it could eventually be held in central banks as a hard currency. Such an event would contradict that intention. Countries that have done that [LOP] have not been successful...
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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 There's a lot of people expecting this RV announcement or an RI announcement and I'm not saying that's not going to happen but I'm saying the most likely scenario is we just pay attention to what's going on in the country and then we could watch as time goes on and they continue to get back on solid ground they start to restore the nation you're going to see quickly over a couple years it [the dinar rate] jump up in huge increments... *** Vital Brad I don't want to get political...by any means but as much as I've actually been against the Democrats, liberals and that party, that string of presidents from the Bushes, to the Clintons, to Obama, to Biden I think they're the ones pushing for this to happen for us. So with Biden in office it's making the U.S. economy prepare for a collapse potentially and by dropping the value of the dollar it's going to allow for the global currency reset which includes a basket of currencies that will be revalued and their rates will be changed. One of those being the Iraqi dinar...I believe the stage is being set and the curtain is about to be opened and we're in for a big reveal... *** Mnt Goat ...Changes are coming and these changes we will like. This is when we will get the reinstatement...
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** Newshound Desert Advisor There were the elections. The guy who was elected he talked about raising the dinar gradually and bonds have now been issued for the government. Looks like they're continuing to do what they need to...based on the price of the Iraqi dinar today and let's say it takes 5 years to float back up to a dollar, three dollars what it used to be, What kind of rate of return would that be? What kind of opportunity is that? ** Newshound Edu Matrix Article: "Partial results show pro-Iran groups losing Iraq election" This is great news. We now know that the elections had a low turnout rate however the people who did vote voted down the pro-Iran groups. Meaning people are awake in Iraq. They know what time it is...we are hoping for a parliament that will supports Iraq's inclusion in the global financial world without going against Iraq's constitution... ** Newshound Pimpy Banking meetings - there's a ton of them going on and it's not just in Iraq. It seems to be worldwide...bank reforms. There is a lot of that going on. Here's my theory on this... Article: "The Ministry of Finance announced the restructuring of Al-Rafidain Bank" We already seen an article similar to this...but this on seems to be a little more in detail...they were going to do an ad campaign on behalf of the dinar to encourage people to start using the dinar and get rid of the U.S. dollars...this new restructuring in banking is meant to try to get people to have more confidence in the dinar... ** Newshound Clare Question: [Has anyone heard anything new about the lower denomination notes?] WHEN THE CBI IS READY TO RELEASE THEM ... THEY WILL RELEASE THEM INTERNALLY...THE CBI HAS NOT SAID THE NEW GOI HAS TO BE ANNOUNCED NOR HAVE THEY SAID LAWS HAVE TO BE PASSED FOR THAT TO HAPPEN...THERE IS NO ARTICLE STATING THAT ... AS A MATTER OF FACT MANY ARTICLES STATE THE CBI IS INDEPENDENT AND THE EXCHANGE RATE IS IN THE CBI'S HANDS...AND WE DO KNOW THE NSCN'S NEED A NEW RATE AT THE ONSET...IMO. ** Newshound Mnt Goat Article: "IRAQI OIL IS HEADING TO APPROVE A “GIANT” EXPLORATION PROJECT IN THE WESTERN DESERT" ...Iraq is floating in oil and is very rich. There is so much wealth yet to be untapped...
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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 ** Desert Advisor They started offering more bonds. Article: "The Ministry of Finance announces the issuance of construction bonds in the financial market" Bonds are a great way to increase the reserves and get money out of circulation. You have investors, big banks, they invest millions of dollars into these bonds...that takes money out of circulation. That's one more way of increasing the value of the dinar. ** Pimpy Article: "The Second Central Bank Strategy (2021-2023) An approach to Monetary and Financial Reform" Bunch of mumbo-jumbo about how they're gonna do what they can to strengthen the economy of Iraq and making sure that their rules and regulations put everything in place so that it can help support the Iraqi dinar and strengthen it at the same time. What I also like about this article is it talks about the different areas in which they're going to help strengthen and help with lending and financing. This is really good to help build the private sectors. That's what we want to see. ** Vital Brad We had talked about October 17th. The Central Bank of Iraq put out an Article: "Instructions for buying and selling foreign currency for the year 2021" ...mentioning their currency being traded at the International window - am I interpreting it as a potential revaluation? Maybe. I don't know what's going to happen that day...if anything happens I'll definitely be letting you know if anything breaking comes. (Post 1 of 2) ** Vital Brad This is what gets me interested...Right now Iraq's currency is not on the International market. It's not a tradable Forex currency. So why is this all the sudden saying that the bank decided to adopt in allowing foreign currency to be traded at what they're calling this currency sale window? That's going to start working as of the date October 17th...I'm really interested to see what happens Sunday. (Post 2 of 2) ** Kaperoni The CBI also published monetary policy expectations 2020 through 2022. Which included many steps including digital transition, banking insurance, development of the banking sector, facilitating financing and putting the dinar on par with the dollar globally. We shall 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 *** Frank26 [Iraq Boots-on-the-ground Firefly TV update] FIREFLY: Sadr...on tv saying...we will improve the dinar to be in the ranks of the international currencies... FRANK26: Improve your currency to international levels …no kidding… and he [Sadr] says that Iraqi citizens are about to be rich… no kidding …Like we need to hear it from him lol but you will soon hear it from Kazemi and the governor of your CBI …by the way...the auctions today they are at a phenomenally low level for a phenomenal reason… *** Pimpy Article: "The International Monetary Fund expects significant growth in the Iraqi economy and decline in inflation in 2022" Heck yeah that's what we want to see. The IMF is predicting that Iraq's economy will improve by 10.5% next year. That's awesome . And there will be a decrease in inflation by 4.5%. That's exactly the type of thing we are looking for. This is going in the right direction...when you want to talk about things to look for indicators that their currency is going to grow in value these are some biggies right here...this is great news...it's looking really good for Iraq. Blessings Everyone..! 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 ** Kaperoni The IMF came out...stating that they expect significant economy growth in Iraq next year to 10.5% and inflation to go down to 4.5% out producing all other oil producing Middle Eastern countries. To be honest those are pretty big numbers coming from the IMF so they must be confident that Iraq is about to turn the corner and build their economy. ** Okie_Oil_Man I owe so much to so many for all their prayers. I believe those prayers are literally keeping me alive. I just passed my 80th birthday and I thank the Good Lord for giving me enough years to see us all in the position we are in right now... I am expecting great things to happen rather suddenly. I have been in this since 2003 and...I am expecting it rather soon...I had to post this here because Okie is such a legend in the Dinar community - even though most has been on the wild rumor side. I'm rejoicing that he Thanks The Lord and credits our prayers as prolonging his days during some serious, life-threatening illnesses. ** Desert Advisor Article: "Iraq's Government Interventions Prompt Improvement in Forex Reserves" They're heavily talking about Forex publicly now...they also mentioned that Iraq is trading strong against the global currencies already. Which I was kind of confused because I really couldn't see anything else to verify that it is trading internationally but that article mentioned it so check it out yourself...
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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. More Al-Sadr references, and perspectives... RON ** Newshound Militiaman On the day of election results we see that Sadr is saying... "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"' I am not sure what his definition of gradual is but, Article 8 is fully international, therefore, at the starting gate there needs to be a beginning. Going international at 1460 imo is not in the cards. Sadr is not the financial expert in charge of changing the exchange rate. The CBI is and will be. imo. Regardless, change is coming... ** Newshound Kaperoni Looks like the Sadrist bloc (Al-Sadr) will be the majority from the elections. They will have the right to choose the next prime minister. Since he does not get along with Al-Maliki we can assume it will not be him or anyone from his party. As for current prime minister Al-Kazemi, he may very well put himself in position for tenure as prime minister and to achieve his economic agenda. ** Newshound Pimpy I'm glad this election is over. As you can see the rate didn't change...people spreading rumors about how the rates gonna change on the day of the election although that would probably be a real sneaky tactic...What is the next benchmark here? Oh yeah the 17th. That's the other one everybody is talking about. We will see. Hang tight. Like I said it won't necessarily be an RI or RV. We're going to see it jump up in increments. As long as the economy continues to grow in strength, the private sector is being built, they're not relying so much on oil, there's a lot of factors. So far so good. I'm happy and I'm curious to see who won... ** Vital Brad's Dad There's probably 5 people or less that have any kind of indication as to when it may actually fly. And there may still be things we don't know of that have to be put into place either in Iraq laws/governments/whatever before it can actually go...There may still be things out there that need to be done that we don't know about...but again, turn around and it could happen on the 17th... ** Intel/Newshound Mnt Goat Article: "AL-SADR: WE WILL WORK TO RAISE THE LEVEL OF THE IRAQI DINAR" ...Could the news get any better? Yes, they are coming right out now and telling us now that they fully intend to go international (FOREX). I quote from the article above – “The people’s oil is for the people, and we will improve the dinar to be in the ranks of international currencies gradually and activate the role of clans to support the stability of Iraq”... That's All Folks ... 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 {Election} It's looking good. There are some discrepancies but hopefully nothing major. Let's hope that all the right people we want to see get in office get in there because we want to see them raise the exchange rate of the dinar against the international communities... ** Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: Tv today showed CBI rep saying they now are in the second phase of strategy for economic and financial reforms in accordance with the white papers for years 2021 to 2023. They went on to talk about all the parts the CBI banks are and will do for the white papers...Sadr back on tv saying the peoples oil is for the people and we will improve the dinar to be in the ranks of the international currencies gradually...Saying Iraq’s people should be rich it’s in their constitution that the oil money belongs partly with the citizens it’s their right to have shares of the oil revenues…saying from finance minister Iraq needs to adjust dollar exchange rate as the price of oil exceeds 80 a barrel….
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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 ** Newshound Mnt Goat Article: "MR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH. WE WILL FIGHT THE CORRUPT BY LAWMR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH.. WE WILL FIGHT THE CORRUPT BY LAW." Okay, so now we have the support of Sadr and Al-Kezemi in the White Paper reforms. How can the news get any better? ** Newshound MilitiaMan Article: "The Cabinet Secretariat approves the mechanisms for lending large projects" If this article is suggesting they have an approved mechanism (as an example that a Dinar is equal to a Dollar), then they did a good job leaking that out. They did that on the back of the Sadr horse with one heck of a start out the gate in respect to changing the value of the exchange rate! If that is the case I can understand a gradual increase from there with a managed or directed float. Regardless this is looking very good and timed with urgency. There are to be procedures in place on the 17th per the CBI for foreign currency exchange... Being 1:1 at that time may very well be necessary so that the Dinar can begin the journey to being in the ranks with global currencies!!... ** Newshound Claire Article: "The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022" Quote: "the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent...
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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: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" This is the one everybody's talking about...the wording in here is a little eye-catching...what I like is the fact that they're saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down...That doesn't mean there's going to be a rate change...they're definitely building up the private sector and that's what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there. ** Desert Advisor A few weeks ago it was announced by one of the representatives about the price of oil. Quote: "Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars..." They are announcing publicly from pretty much their members of congress talking about they want to raise the rate. ** Kaperoni Al- Sadr made a statement ...in the media after winning the largest Bloc that "We will work to raise the iraqi dinar to be in the ranks of global currencies gradually." In other words there is no overnight RV as I've been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy...A different perspective & interpretation of Sadr's statement...!
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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 IMO...someone isn't happy with the [election] results! [Articles posted by Newshound Guru Samson] "Iran stops the process of exporting gas to Iraq, and a decrease in hours of electricity supply" "The Iranian press justifies the loss of Tehran's allies in the elections with 'Iranphobia'" *** Desert Advisor Who won the elections? Al-Sadr. What happened? He comes out and says this, Article Quote: "We will work to raise the Iraqi dinar to be in the ranks of global currency gradually." This guy was just elected and right away he says we want to raise the Iraqi dinar in the ranks of the global currencies - gradually. Is that the 5 year plan they talked about with the reform of the white papers? Does that mean there won't be an RV? But it's slowly going to float all the way? I don't know. The global currencies - their neighbor Kuwait at $3.32 and Jordan at $1.41 and if you may or may not know the Iraqi dinar was worth over $3 in the 90's. So who knows what they're going to go to in those ranks. *** Mnt Goat The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies...First, we need to see the project to delete the zeros...There is a process involved...the beginning of the fiscal year is the most opportune time for the CBI to conduct this process... the first step being to kick off the process with the project to delete the zeros. Then the CBI monitors or watches for inflation (how long we don’t know and even the CBI does not know) and if all went well within Iraq they would then decide or decline to go to FOREX and reinstate the dinar. To ensure the crash of the Iraqi dinar does not happen upon the reinstatement, they are pursuing (have pursued) all avenues to beef up the dinar and support the new coming rate. ...we all should be very happy this is taking place and witnessing it right in front of our noses. *** Pimpy Looks like some exciting news ... The Sadr movement made some great achievements in the elections...they now control the parliament and this man is making a commitment that's catching the buzz around the dinar community...there's big talk about the change in the exchange rate of the dinar. How big? Who knows. We're gonna find out here shortly...there is a lot of chitta chatter happening once again about the dinar...Sadr has 73 [seats in parliament] that's huge...almost twice as many as the group that came in second...
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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 *** Footforward Some have confused the idea of exchanging USD in the country of Iraq for new smaller bills in Iraq as an in country RV. It's not. The only way you have an RV is if the rate of the dinar changes. Even if you have smaller notes, it doesn't do you any good unless you add value to the rate of the dinar. Any change in the rate would be seen on forex and on the CBI website... *** Fleming ...Prime Minister Mustafa al-Kadhimi has been Quoted saying, “If I am re-elected, Iraq will be rich.” He is obviously talking about the re-establishment of Iraq dinar on the world stage...People from every nation will flock to Iraq...This world remains topsy-turvy, right is wrong and wrong is right, it’s all upside down. Until there is a solution brought about...There can’t be an RV...In closing...don’t give up your currencies....Hang in there. *** MilitiaMan We know from the White Papers put out that Iraq is ready now and will be cleared through the Digital Platform "BUNA" owned by the AMF. So I expect that will be similarly true with the FOREX, we shall see. imo...All is very good. The UST, G7, G20, WB, IMF, Cetral Banks meet on the 12th -15th.. They are going to be going over "Economic Inclusive Recovery's", keep that in mind...
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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. Lots are repeating Al-Sadr's comment after the election. RON ** Claire SO IN A TELEVISED SPEECH TODAY SADR SAYS THIS: "We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually," Great news indeed. Now time to put it in action... ** Samson "Al-Sadr: We will work to raise the level of the Iraqi dinar". Quote: "he pledged, We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,"... ** Mnt Goat So now the election is over. Al-Sadr party won the majority of election seats... he supports implementing the White Paper...and Al-Kazemi will most likely be the candidate that Sadr will chose and it will be official soon. ...the election is not a trigger for the RV. It never was and never will be...There never was any indication that the election had to be done first to get the RV... Just like the budget having to be passed each year...So, was the election on Oct 10th important? Sure...I believe that Al-Kazemi will continue as the prime minister and this is a very good thing...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Vital Brad ** Article: "Iraqi electoral voters are being manipulated by the unrealistic promises made by the political candidates in the 2021 elections" These political candidates are promising enhancing the exchange rate of the dinar...the misinformation out there - you've got to really be able to discern what's happening. IMO...there's certain politicians probably in the know...why are they putting this information [Article like this] out? To try to scare politicians or people about talking about this reset/rate change...I think we're closer than ever. I really think it's only a matter of time... ** Pimpy ** Here's what everybody's talking about. Article: "Al-Sadr: We will work to raise the level of the Iraqi dinar" On Monday Sadr himself said they're going to work to improve and raise the level of the Iraqi dinar to be in the ranks of global currencies gradually. Pimpy, didn't you say it might go up in increments? I did. As much as I want an RI or RV it was my thought they should do it in increments just to make sure it doesn't damage the economy. There's plenty of reason to believe that Iraq's currency can stand at a much stronger rate than currently is. Only because of all the positive things...this is big news. This is going to be spreading like wildfire. Sadr saying they're going to raise the level of the Iraqi dinar...
