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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 *** Randy Koonce Check www.cbi.iq every day to see if it has changed...do not take a guru or a post about in country RV or any thing else do not be fooled just check the CBI...Do not let your emotions get to you. Blessings. *** MilitiaMan ...The 2021 Budget Amendments were said to be slated for the 14th of September, though on the 17th they told us they postponed that until today. Today they told us they heard the appeal and will decide on the 23rd...Lets see if we get a surprise and they show just how sovereign they really are prior to the 23rd...
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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 is paying its bills in its own currency. That in itself is an indicator of a change in their monetary reform. A change in their currency. A change in their exchange rate. A change in their banking structure. Iraq is paying all of its debt in Iraqi dinars...I believe they're doing it on a second set of books...They're selling their oil in Iraqi dinars. Do you understand the power of that? A change in their monetary reform has occurred... *** Kaperoni ...Iraq is going to Buy and sell oil in dinars based on a new exchange rate...That could never happen because OPEC petrodollar is the US Dollar. [Reference Frank26 post]
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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 and Frank26 It is possible within the next 2 weeks or whatever that time frame is when it eventually gets here, it is possible that the CBI is going to take the 'sheets' [dinar samples] and they're going to say, 'Citizens come here get into the banks, look at this...this is your new currency coming to you.' They may show the citizens the new small category notes and not release the exchange rate at that moment. The show is not the same as releasing... ** Randy Koonce How are you makin it? ...It looks like there is a really good window open now through the end of September. It appears that the Biden administration has gone back and endorsed the Obama era numbers; so even tho your money will be coming out over $1.00 - it will not be much over the $1.00. The good thing is that the Biden group wants it out, and all the parties seem to have agreed. I do not have an exact day but, it looks good from now till the end of Sept... ** Pimpy We're starting to see all kinds of agreement and projects starting...as long as I've been doing this I don't remember this many articles. It seems like every day now you're seeing new agreements, new companies coming in, outside investors. No doubt about it the economy is starting to open up. This is really good so I'm really happy for the people in 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 *** Pimpy ...Monetary Fund Recovery Conference - I was curious to see what the outcome is. I'll find out more about it and share it with you when I can. That's where my focus has been...things are looking good. Business continues to grow there internationally. Things in Iraq are starting to look good. They're staring to really get out there more on an international scene. We got a lot of companies coming in. They're rebuilding. It's looking really good. I know we're all waiting to hear about the 2022 budget so let's keep our fingers crossed and see what happens... *** Helpful Joe Question: "How will I know for sure if the rv happens? And if it does happen, what's the first thing I do?" Great question! Either you'll get an email from me, see the change clearly displayed on numerous Dinar forum websites homepage, or if you're super early and one of the absolute first to know, you can see the CBI official rate on the CBI Website @ www.CBI.IQ home page. (Post 1 of 2).. *** Helpful Joe The first thing you do is give the special person in your life a big ole smacker and smile big! Next thing is you calm yourself down, take some breaths and make a short term and long term plan/strategy. That includes speaking with a couple of financial advisors about your specific circumstances and consider taxes. We have a big community here, so there will be lots of exchange experiences to share...you'll get the good, the bad and the ugly and I'm sure the gurus will have information to share about best practices and worst practices. You're in the right place here at Dinar Guru . [Post 2 of 2] 9-18-2021 Newshound Guru Kaperoni ...There have been several articles that says they will be lucky if they ever pass it [The 2022 budget] within the next 12 to 16 months... *** Walkingstick ...Iraq's oil will always be sold internationally with American dollars but what has changed is that internally Iraq can sell its oil in Iraqi dinar and no longer in American dollar...This is huge for the monetary reform... *** Fleming ...We have heard that Iraq has revalued, creating the Golden Dinar bringing peace to the Middle East. IRAQ has their lower denominations in the bank. These lower denoms are NOT in ATM machines, “not until they have REVALUED.” Although the IMF wanted IRAQ to revalue on the 22nd, the Iraq Financial Leadership refused this deadline and told the IMF, “before the end of the month we will revalue.”... *** Frank26 Article: "Economist: Compensation for the loss of cash reserves must be met with a decrease in the dollar" Wow I agree. You need to increase the exchange rate of the Iraqi dinar and decrease the exchange rate of the dollar against the dinar. Bravo... *** Mnt Goat I encourage you hold on to the Iraq dinar because we see more positive signs of conducting the Project To Delete The Zeros than ever before since 2012. We have all come a long way and so why give up now.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Walkingstick & Frank26 We do not believe at all that this is going to go until the end of the year. It may be settled by introducing the new small category notes and exchange rate at the same time or it may be settled by introducing the notes first followed by the exchange rate very shortly after that...these are the days of the monetary reforms final [musical] notes for the new small category notes. It will be a beautiful note that last sound... ** Mnt Goat ...we are hearing that in Turkey, Jordan and even in the US many people are using debit cards with a rate of $6.00+ on them. Is this all legal? I will answer this question with one word…. NO! Unless the dinar is reinstated no one in the US can exchange due to OFAC sanctions placed on the Iraqi dinar currency. Banks are not legally allowed to exchange dinar at the future rate projected rate they plan to initially show it at. (post 1 of 2).. ** Mnt Goat As far as other countries outside of the US it is up to the Central Bank of Iraq (CBI) to decide what they can and can not do. So this part may be legal as they can payout to employees of contractors using debit cards whatever rate they negotiate for their work. In practical however, to keep the rate stable you would think the CBI would not do this in the middle east unless the new rate of $6.00+ is very close at hand and close to reinstatement on FOREX too. So this is good news for us. (post 2 of 2).. ** Frank26 All these countries/companies pouring into Iraq know they are Article VIII, they know they have security and stability, they know Kazemi is in charge, they know they want to pour in because Iraq is an investment. The ROI is insane. Iraq is worthy. And Allawi, one of the cabinet members under Kazemi, is telling the citizens of Iraq, 'Hey, it's time for a change in our exchange rate. It's also time for a change in our currency. We're going to become leaders in the Middle East.' Daaannng! ** Petra Their digital environment is not only ready and tested, it's sound and based on International standards. That's critical. It's ready to interact with the world to bring Iraq into the 21 Century. Banks are ready for the citizens...
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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 International markets are ready...Who hasn't been to Iraq over the last 6 months? ...basically every major player in the world has been in Iraq. And for what reason? They all have Memorandums of Understands, some have gone into formal contracting...everything is coming to a head... *** Militiaman Washington was here [Iraq] Thursday/Friday...they came in and did their thing. Then Saudi Arabia did. Then to Iran...I pray we're at the crossroads that we've all been waiting for. It sure looks promising. *** Frank26 Did you notice that Kazemi went to Iran? He went to Iran with authority. He went to Iran with sovereignty. He went to Iran with control. He went to Iran with security and stability. Iran did not come and steal from Iraq...the clone of Donald Trump, Kazemi, went to Iran with sovereignty, control, security and stability and told them we will work with you. We want to work with everyone. But if you dare to mess around it's going to cost you big 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 *** Mnt Goat Article: "HOW IS THE EXCHANGE RATE STABLE?" ...they are clearly talking about a pathway to returning the dinar to its glory days prior to the 1990’s invasion and NOT just pre- December 2020 devaluation rate. We all should be very happy as they are showing us the principals involved and how they plan to get there. Remember these items are all also in the White Paper...they are telling us “regarding the return of the official price to its previous era” that there are three (3) things now in the way holding up the return of the dinar...(post 1 of 2).. *** Mnt Goat 1. limit the huge demand for hard currency with the aim of stabilizing the price and reducing it to less than the official rate... 2. Need to control currency smuggling, and this matter needs great capabilities: We all know the culprit here is the currency auctions... 3. Iraq needs time until the government controls the payment of its debts and the monetary reserve remains at the internationally accepted limits ...they are all interconnected and are already in motion now since December 2020...So, this stuff is...happening right now and has been ongoing. What we don’t know is where do they stand right now? (post 2 of 2).. *** Frank26 Your [Iraqi citizens'] government is now buying and selling your oil in Iraqi dinars based on an RV calculation that was done many years ago...they took it all the way up to $125 [Dinars?] a barrel...Buying and selling with the Iraqi dinar. No longer with the American dollar. This is huge. This is a huge step in your monetary reform. Hoo Rah !!!
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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 On Saturday Kazemi calls an extraordinary meeting of the Council of Ministers. We believe they passed that budget [2022] at the Council of Ministers meeting on that Saturday...last week we had the US/Washington was there on Thursday and then on Saturday King Abdulaziz of Saudi Arabia himself showed up in Iraq . Why in the world would the King of Saudi Arabia show up in Iraq ? *** Frank26 [Firefly Boots-on-the-ground Iraqi TV Report] FIREFLY: Kazemi is on the news right now...he's saying attention and all resources are on the elections. And once these elections are completed and the new government is in place with the laws that we passed and the new budget it is at that point that we can address in the upcoming new year the exchange rate of our currency. FRANK: ...A new exchange rate is coming with a new currency. *** Militiaman they've been doing preparations for more than a few months...the whole process has been underway under our noses...it's had some stops and starts but at this stage in the game we've gotten to a certain point...of digital transformation...we know the world banking institutions are fully aware...if you stop and look at a lot of the articles on mainstream media they're talking about digital transformation, the US treasury is talking about digital transformation, the whole roadmap from Kazemi is about digital transformation...in other words we've got you ready, the banks are already, we're here and now we're going to show you what we have specifically ready for you. Yes, I think the banks are completely 100% ready to finish this process and keep moving forward...
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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 Everybody's talking about, 'hey there's a new dinar, a new crypto dinar that's out over there in Iraq.' That's the new rumor that's going around. It's not new you guys. There's all kinds of tokenized dinar. You guys just didn't know about it. It's been around for a while...cryptocurrencies for the dinar have been around for a while now. They're backed by gold. I do like that. *** MilitiaMan [Kazemi]...what did he do? He showed them the money. How did he show the money? He told you... we're going to value our oil in dinar at 45 dinar to a barrel. It's basic. It's that simple. He did it...Who did he do it with? He did it with the King [of Saudi Arabia], who is the head of what? One of the head honchos of OPEC...this is really powerful stuff. It's effectively going to be a global situation. It's not going to be just about Iraq anymore...all boats rise with the tide and here we are... *** Petra What happened last week with the oil money. Everybody know about the Petrodollar [Oil based on the US dollar]...they announced they had calculated the oil revenue in dinars. That was huge. That is an indication that they had de-pegged from the U.S. dollar. The fact that they calculated the rate...is very very exciting. I think that's a major major move last week.
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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 & Frank26 *** IOO the meetings that have been occurring with the central bank of Iraq and all the central banks around the world on a daily basis but recently apexed at a summit conference in Baghdad...every central bank on this planet Earth has come to Iraq. This is the process...the last meeting they had just a few days ago...the scuttlebutt that was conversed at this meeting is that within the next two weeks the CBI will be introducing all the information on the new small category notes and the new exchange rate for the Iraqi dinar...the fact that the two witnesses [Kazemi and Mustafa, the CBI governor] are talking directly and seriously about introducing a new exchange rate and new small category notes is encouraging. It's positive. It's awesome. It's exciting. It's a fact because it's from them and it's in print now.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni retweet: Masrour Barzoni PM of Kurdistan Region of Iraq "Parliament has backed this cabinet’s actions to get rid of barriers to new businesses. We've cut processing from 32 days to 1; visits to govt offices from 50 to 1; and cost by over 90%. We’re paving the way, so our entrepreneurs can build a better future for Kurdistan -mb". *** Frank26 [Member Comment: "Just flip the damn switch and raise the exchange rate to 1 to 1 then float. It will rocket shoot upward above Kuwait's rate..."] Just switch the damn rate? No. What do I call the monetary reform? Do I call it a date? ...Have I ever given you a date? ...I've given you time frames to consider but very rarely. What do I call the monetary reform? A process. It is a process. It's not like turning on a light...
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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 What they're going to do is make sure that their economy is on solid ground before they make any real significant changes to the rate which is important. We want them to develop their private sector. That looks good. *** Frank26 You already saw it [the monetary reform information] in print and you're going to see it in print again and you'll see it again and again until they decide to show the new small category notes to the citizens and possibly at the same time show them the new exchange 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 ** Kaperoni ** Everyone I am sure would like to see something happen now. The truth is Iraq is not in the position...They'd still need to pass laws, create a suitable business environment and encourage foreign investment. Of course over the last several months the development of the so called, "white paper" is the basis to create this private-sector market economy. ** Frank26 ** The CBI already calculated it in their M 1-2-3 figures the amount of currency that is floating internationally. It is domestically where they're trying to collect the 3 zeros. And they're about to finish that off. They got about 77 to 78 percent collected sometime early last year. But they are about to have 100% of the 3 zero notes domestically in their central banks. They got satellite banks all around the world that when people go exchange the dinar for their currency of that country they can go to these satellite banks if they want. Those dinar would go back to the CBI. You can do the same thing too...in the 48 continental states or you can go to an American bank and exchange your currency. The difference is that the American bank will send it to the Untied States treasury...your choice.
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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 Is that right? Did I hear a rumor they want to reinstate the rate? That's what everybody's talking about... Article: "Parliamentary movement to change the dollar exchange are in the 2022 budget" Are we getting the RI here? Be careful about how you read these articles... Quote: "Economy investment committee revealed...the existence of a parliamentary movement aimed at changing the exchange rate of the the dollar against the dinar and the draft budget law for the year 2022..." Parliamentary sure is pushing back hard. They want that rate change to happen. We know the new budget is coming out...they're talking about moving the price down to 1190 dinars for every dollar (Note: moving the rate down is what we want to see. That's good for dinar holders. But moving it a lot more is better. )... ** Mnt Goat I have to clarify...what...is being televised on Iraqi TV. They are simply telling the people they want to go back to the pre-December 2020 devaluation rate for the dinar. Would this be a revaluation? Yes, it would, but obviously it is NOT what we are looking for...For what we want, we need them to conduct the project to delete the zeros and bring the dinar close to $1. Then to reinstate it on FOREX. This is something that is not just going to happen overnight...It is a process and we are going to get plenty of advanced notice when it is time... ** Frank26 {Q? : Does the paying off the Kuwaiti debt have anything to do with the monetary reform?} All of you who said yes, you're wrong. It has nothing to do with it. Nothing. Iraq owes them 5 bucks. So they pay them 5 bucks. Where's the small category notes? Where's the new exchange rate? Yeah it helps their credit rating but it has absolutely nothing to do with their monetary reform of the Iraqi dinar...but the fact that they're making these payment tell you? Something is going on at the CBI and the exchange rate 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 *** Frank26 {Firefly Boots-on-the-ground TV report:} FIREFLY: Finance Minister is on the news again and he's saying that the White Papers are here to fundamentally change the Iraqi economy and also said Iraq needs to float the dinar internationally on a global market and gain the true value of the dinar. He said it's time for Iraq to be a leader in the region and it has proved to these countries we have stability and the other countries realize this... FRANK: The fact that they're telling the citizens of Iraq means it'll be in print soon... *** Pimpy Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it" Did they say what the rate was? Drum roll please. I don't think the rates in here. It's doesn't say what the rate is so there's going to be a lot of talk and speculation between now and before they reveal it to us I can guarantee that...So they told the news that the increase in the dollar exchange rate is an idea that has been discussed for years. The previous governments did not dare take the step because of the risk and controversy surrounding it... *** Mnt Goat I am following the implementation of the white paper very closely as I believe this is what is going to get us to the bank. *** Frank26 All the central banks in the world met on the last day of the Baghdad summit when they closed the doors to show this delegation that you are Article VIII and confirmed with the world's central banks IMO that a new exchange rate and a new currency for Iraq is about to be introduced... *** Pimpy I really think we're in a great position. Seriously, if we could just be a little bit more patient. A lot of people have been waiting a long time. I get it. Right now we're seeing a lot of progress with Iraq like never before. Corruption has been dwindled down. We have a very transparent government there. Al-Kazemi seems to be well on his way of putting Iraq out there internationally. Building relationships with people. Keeping the country stable...Once they've rebuilt their economy and it starts to get stronger the currency will itself become stronger and will increase 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 *** Pimpy I'm curious to see what's in there [2022 budget]. We all are. We want to know is there going to be a rate change in there. When I say things like, 'If there's going to be a change' it might be a small one. That doesn't mean the possibility of them coming out and going, 'oh and RI or an RV' is not there. That's always possible...they're not going to announce it/give you a warning...if they let you know there's going to be an increase in value of the dinar against the U.S. dollar, what happens? People buy more Iraqi dinar when it's cheaper right? Right. So they can benefit from it. They're not going to tell you. They're just going to do it... *** Frank26 {Firefly Boots-on-the-ground TV report:} FIREFLY: The Finance committee of the government has requested a review of the exchange rate and this is on the news right now to us. Parliament is now doing a request also to have the exchange rate changed in the upcoming 2022 budget. FRANK: You mean the buffoons that were saying that you will never see a change in your rate just three weeks ago? Yeah...There is no date and rate on this speculative investment. There's this good information that...you'll see in print very soon... *** Mnt Goat Kuwait compensation almost completed...The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the remaining amount owed by Iraq as compensation for the benefit of the State of Kuwait, noting that paying it may take six months. He pointing out that the remaining amount is estimated at one billion dollars out of 52.4 billion dollars initially owed. Why is this so important for Iraq? It is important because it will free them up from the final monetary sanctions. The US Treasury can then eliminate the OFAC sanctions.
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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 The RV is coming soon...The process has not changed as it was given to me (us) in 2011 from the CBI. First the project to delete the zeros, then the follow up of a reinstatement to FOREX. ** Kaperoni What gurus say on a daily basis is utter nonsense. Pushing, hoping, wanting them two make a change now is only going to result in failure. Resulting in a LOP re-denomination and removal of 3 zeros. ** Frank26 They are not sanctioned anymore. I know they said when they pay it off [Kuwait debt] we will not be sanctioned anymore. They've already paid it off IMO. They'll tell you soon. They're not sanctioned. To have no restrictions on your currency - this is a state needed for an economic reform and you need the monetary reform before you can have the economic reform. It's a fact of mathematics. To be released from their sanctions is not directly related to the CBI's monetary reform but it is evidence that the CBI has made a change to their monetary reform...(Post 1 of 2).. ** Frank26 These sanctions were a form of pressure for Iraq to pay its debt. That pressure allowed them and forced them to work with the IMF and the US treasury and the World Bank in order to change the value of their currency - to recalculate on the second set of books. It was successful. They are paying off their debt. They are Article VIII and that's why they [International companies] are pouring in..(Post 2 of 2).. ** Pimpy [Response to Kaperoni 9-4-2021] I'm aware of how many trillions of dinars they have...we know they created 55 trillion, says so right on their website. What I talked about is the fact that for 5 years they spent between $1 ad $1.5 billion of oil revenues buying dinar off the open market. No body knew how many of them they bought, how many were destroyed. We know they destroyed them, there's confirmation of that...72% of the dinar was destroyed. Not the old dinar, this dinar that we're playing with right now 72%...not to mention the amount that was burnt up and destroyed by ISIS and the number of dinars that were destroyed during the flood. (Post 1 of 3).. ** Pimpy [Response to Kaperoni continues] The truth is we're not exactly sure how many is out there in circulation. But I understand what you're saying. When I first got into this I was like there's no way in hell, they have way too many of them. We know the United States is holding between 11 and 14 Trillion of it and we know central banks are holding on to God knows how much. There's also private entities that are holding on to God knows how much....(Post 2 of 3)... Not sure where he got this figure from ... I remember it was mentioned as between 3.5-4 Trillion IQD. ** Pimpy [Response to Guru Kaperoni continued] I think the reason why it's important for them to recover the stolen funds is so they can have a more accurate idea of how much is in circulation so they can decide whether or not it's feasible for them to do a rate change that high. It's possible they could come out and make some kind of announcement and do an RI or an RV but my feeling is they're going to go up in increment whether it's fast or large increments it remains to be seen...But yeah I understand what you're saying. I agree there's no way in God's green Earth they're going to make an announcement with 45 trillion dinars...72% of it destroyed, that sill leaves a lot of trillions so I get what you're (kaperoni) saying. I appreciate the shout out...(Post 3 of 3).. ** NORV [aka Kaperoni] ...the auctions are a BALANCE between dinar and dollar. That being so, there is no way to reduce the money supply with the auctions. Any attempt to do would cause one or the other currency market rate to change. They are trying to keep it stable, not cause further devaluation...when the exchange rate is stable, be assured it is because they have done a good job supplying one or the other to meet demand...And if we know anything, is that the CBI is pumping more dinar not less into the market since the money supply is now around 80 trillion 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 *** Mnt Goat Our RV news this period is VERY GOOD. We heard from the Finance Minister Ali Abdul Amir Allawi as he confirmed once again that the white paper “seeks to fundamentally change the nature of the Iraqi economy”. WOW..! What good news this is!...This is the guy that is going to add support for the currency reform we are looking for. In other recent past articles he talked about the necessity to put the IQD out on a managed float on the global market place and he did reference FOREX itself. This was WOW news for me and so we sit and wait for his next move. *** Frank26 Article: "The Central Bank of Iraq revealed the mechanisms that it will adopt to deal with oil price differences" I know it's a new rate isn't it? Yes...Behold the announcement of the announcement... Quote: "The Deputy Governor of the Central Bank of Iraq indicated that changing the dollar exchange rate is a studied step from several sides, and the decision to amend was taken only after extensive studies by they Ministry of Finance and between the Central Bank and in agreement with important international institutions for a fair situation of the dollar." Behold the announcement of the announcement... Quote: "...the exchange rate change was long overdue, and it was supposed to be adjusted from 2010..." These are exciting times...! *** Kaperoni Despite the guru's attempts to get you excited that some fictitious RV is coming, nothing is going to happen anytime soon. Iraq has a ways to go to create a suitable business climate encourage foreign investment. Only with the success of Iraq's economy can the dinar 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 ** Pimpy Some of you guys are like, 'No, if they do the LOP and what happens if they're right and then you're 25000 [notes] become 25?' Are you kidding me? What company is gonna risk going into Iraq after they just screwed over millions of people on that rate? No. No. We all know investments are a risk but you do that you could see the backlash like you wouldn't believe. There's no way in God's green earth that you're going to see Iraq screw people over.... ** Frank26 Article: "A government source identifies the reason for the low exchange rate of the dollar in Iraq" How come everyone now is talking about raising the value of the Iraqi dinar? Quote: "...the dollar's prices in the markets are currently affected by supply and demand... the most important factors that greatly effect the exchange Raes of the dollar are the decisions taken regarding changing the exchange rate of the dollar..." ...when you float your currency outside your country it automatically raises the value of the currency. It automatically changes the exchange 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 The current administration believes the rich need to be giving up more and more and more and they're lowering the caps down on what you can have before it gets taxed very heavily... (NOTE: Consult with your tax professionals to get the answers and solutions for your specific situation at the appropriate time.) *** Pimpy Article: "Minister of Finance: Complete the proposed budget model for the coming year and study the mechanisms for its implementation" People keep asking me about whether or not I think the rate is going to be here [2022 budget]. To be quite honest I'm not sure. It's possible. If you prematurely jump up in value too quickly then you could really hurt your economy. As they continue to develop and grow they obviously are going to need a more powerful dollar. That's why I think it's possible that we can see a rate change happen because they're going to be doing more importing IMO than they are exporting at the moment...it's gonna take a ton of dollars to do that...They're definitely not going to devalue their currency anymore that's for sure. As they continue to grow they're going to need a stronger purchasing power currency...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling I still expect the dinar to come out between .50 and .60 cents. I still fully expect from what Iraq is saying that when they lowered the value of their currency to pay back bills...the end of October the beginning of November they are going to have a meeting to see where they're at...that's my rate and that's my window... *** Pimpy Article: "Economy News publishes details of signing the agreement with France's Total". This is a good opportunity. Building more relationships internationally, more jobs. I really like what's going on. I think over the last 6 months for sure Al-Kazemi has really stepped up to the plate...the stronger the economy becomes the stronger the currency becomes. That's a big part of it. *** Mnt Goat Article: "3 DECADES AFTER THE INVASION, IRAQ IS CLOSE TO TURNING THE PAGE ON KUWAIT’S COMPENSATION" Quote: “Deduction of 3% of each barrel exported abroad as compensation for the Kuwait war will end next year.” This wording is weird. 2021 not 2022 is their last year to pay complete these payments, so yes it will end in Jan 2022. Oops that date popped up again…WOW..! We have waited for this to end. This will end these sanctions against the Iraq oil revenues and free up this money.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Kaperoni There will not be a significant RV as many gurus talk about, there's just too much currency in circulation for such an event. Iraq could not afford it. So what we have to hope for is Iraq to succeed in developing a diverse private sector market economy away from just oil, therefore allowing the zeros to naturally go away as a result. For this plan to succeed we need to be patient and let Iraq build their economy. ** Frank26 Not only do they [the Iraqi citizens] know that they are about to add value to their currency but they also know about the HCL. That's why Kazemi came out two days ago and pounded his chest like King Kong...he's going to let a lot of oil companies coming in because Iraq now owns them and he's going to allow them to hire Iraqi citizens...
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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 Article: "Al-Nusari: Monterey stability represents the starting point for economic stability" Before you can reform your economy you have to reform your monetary policy to make sure the foundation of your economy is strong. Are they going to work on the .006? That's what everybody is waiting for most... *** Frank {Firefly Boots-on-the-Ground} Statement:"This is going to cause a problem with speculators to buy a lot of dinar if they show the new small category notes first and then later the exchange rate." The CBI is in full control of their currency and monetary reform and their exchange rate. They have already stopped selling the Iraqi dinar. Why do you think it's so hard to get it. They stopped selling it to the wholesales over two years ago...the CBI knows exactly how much is in the broker's hands/vaults. (Post 1 of 2..REPOSTED for continuity).. *** Frank26 So that amount that the people would buy right now because of some speculation they're going to come out with a new rate. Now if they show the new small category note, those notes, those amounts have already been calculated in the RV phase of the monetary reform. It has already been calculated in their M figures so any shark or whale that would buy billions of dinars will not affect the monetary reform. He would not affect the reinstatement phase. It's already been calculated...(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 *** Militaman Article: "Iraq and the United Nations sign a framework for joint cooperation in a number of fields" ...The timing is very interesting. Tomorrow morning the meeting is to take place and two key components within the frame work are the development of the private sector and the government reform plan within the white paper...If there are any other shackles holding Iraq back from getting into the private sector, it may very well be done with post tomorrows morning meeting. I recall the UN has had a hand in Iraq sanctions since 2003. Many were lifted. Is this meeting about the last sanction left, the devalued currency since the last war? I am not sure but, the timing looks perfect. *** Kaperoni ...Pimpy needs a lesson in mathematics. He thinks Iraq can pass Kuwait's exchange rate. Kuwait only has about 40 billion dinar in circulation, while Iraq has well over 45 trillion. They either need to significantly reduce the currency in circulation via a float over time or they would have to LOP/re-denominate as I've already mentioned reducing trillions to billions. Kap makes a good point regarding Kuwait & Iraq's circulation disparity... RON ** Pimpy It's looking good..! The more Iraq keeps taking a leadership role opening up to the international community, getting away from relying so much on oil, open up the private sector. This is good. I can't stress this enough It's going to be really hard for Iraq to rebuild its country when the value of the dinar is so low. The cost of importing things from other countries are going to get really expensive. They don't have anything to export (other than oil & natural gas) so there's no need to want to lower/devalue currency...everything is looking groovy.
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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 It is possible when they float their currency. They may only give you a few months, 6 month, a year to exchange the 3 zero notes until they're null and void. Let's pretend they give you 3 months. Then that means you will not be able to take part in the rate when it grows internationally because it's going to take time for the rate to grow...if they give you a specific amount of time to cash in your 3 zero notes you're not going to have enough time for the Iraqi dinar to go up in value (NOTE: Frank26 believes it will start out 1 to 1 and rise from there). ** Kaperoni There's no such thing as any payment tiers... ** Pimpy If Kuwait dollar is the most valuable currency and you see how much more stronger Iraq is what in God's green earth makes you think that Iraq has not potential to not only catch but pass up Kuwait. We know they [Iraq] have all kinds of problems with the government and corruption. We get that. But here's what those naysayers say, unstable government/corrupt government but what they never tell you is 'what if'. What if the government is fine. We know Al-Kazemi is kicking but right now. The corruption is down. What if the government becomes stable. They don't tell you about that 'what if' scenario. So I'm telling you what if...it is clear Iraq is a much more productive country...I do believe without a doubt that Iraq's currency will be and should be a lot more valuable than the Kuwait [dinar]... ** Desert Advisor They changed the exchange rate but they haven't said what it is. A lot of speculation was, 'Okay, they're gonna share it during the conference.' You had 9 different countries there - Kuwait, Jordan, UAE, Saudi Arabia, Turkey, Lebanon, Iran, France, Yemen. They didn't publicly announce what happened however Kazemi posted on twitter "We succeeded in holding the Baghdad Conference for Cooperation and Partnership, and its repercussions were great locally, regionally and globally." So that meeting was great for them on a global level...
