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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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is showing new audit report showing Iraq as the best new investment for the year 2024. FRANK: I'm sorry... How in the world is this kind of statement even possible for you to make? You're at a program rate. Ain't no way in the world Iraq is the best investment for anybody in the year 2024 unless you're trying to tell us that you changed the exchange rate, which is what you're doing ever day to the whole world... Pimpy [In a LOP] The only thing that changes is the bank notes themselves... You're not changing the value of the currency. A 25,000 dinar is going to have value as a 25 dinar. They're just going to lop the zeros off. Debt is still going to be the same, your paycheck is still going to be the same. They only difference is when you go to cash your check, the dollars [dinars?] they give you back are going to look different if they lop off the zeros. He has his brain locked into a LOP, and no matter what other facts are out there, he just can't seem to see them. MarkZ ... the bond folks have expectations of things starting from between the 15th to the 22nd. And we were told from day one that bonds need to be close to completion or well underway before they pull the trigger… Hopefully we will know by tomorrow if bonds kick off - from European contacts... Clare Article: "His advisor: Sudanese attention will focus on the economy during his meeting with the American President” Quote: "Counselor Saleh believes that the economic aspect (investment, development, and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.” Militia Man Article: "Sudanese visit..Government advisor: The economy with America will be activated on a large scale for the first time" The red carpet is laid out for Iraq and the news we see is phenomenal ... That motorcade shows it. This is not a shun like we saw with Haider al-Abadi on the White House lawn.. A stark and profound difference today is and it is a 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... So, take everything with a grain of salt ... RON Sandy Ingram On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House. This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership. Frank26 Sudani, where are you going? Three places - Michigan...California...Texas...Sudani goes to visit his people in his private banks...In Texas is where the CBI has its servers for its website. He only has one hour that he's dedicated to Washington DC? ...Six days and 23 hours is for the reforms...This trip is very powerful.
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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... So, take everything with a grain of salt ... RON Pimpy Iraq is right on track to do some great things.They're going to continue to do that. Let's get this coalition forces out of there plus the United States military, which is why I think Al-Sudani is coming over here to talk to the president to see about getting these people out of there and leaving Iraq on it's own devices. We'll see what happens from there... Clare Article: "Iraq 24 sources: Al-Sudani will meet a delegation from the Energy Companies Complex in Houston, which includes the largest oil, gas and alternative energy companies" Militia Man [Sudani] is going to need some exceptional strength, which is exchange rate oriented to do business deals with the likes of GE... big oil companies... big solar energy... They're looking to get people in the steel industry, rebar industry, cement companies because they're going to need more than Iraq has on the ground. They're going to want the support from around the world and Al-Sudani is stating he's ready for business and opening to the world. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani is visiting Washington, Michigan, and Texes while he's in the United States of America. FRANK: Understand the seriousness of this trip. It's not to go see some guy at the White House. It's to go lay out the groundwork for both of their reforms.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Shafaq News Agency followed the data and tables issued by the Ministry of Finance in April for the January accounts of the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is still the main basis of the country’s general budget...the “rentier” economy is the oil economy of Iraqi. But...even with the “rentier” economy alone the Iraqi dinar can still maintain a realistic rate of at least $3 or more, and this is not considering all their other assets, and the 2/3 more oil Iraq is pumping and selling since 1991 when the dinar was just around $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... So, take everything with a grain of salt ... RON Frank26 Sudani is walking on the yellow brick road to Washington DC. This is going to be historical trip... not just for Iraq, for both sides... the trip to Washington DC is crucial. Pimpy The more they get their sovereignty back, they're already on the Swift system, they're working their way through the World Trade Organization, it's just a matter of time before they remove all restrictions and we can start buying them [Iraqi dinars] (and exchanging them) through the banks again... Deepwoodz Sudani has a very long statement out today and there are no plans of America leaving... Furthermore, I have a feeling that although Sudani has the well being of his people in mind concerning the exchange rate, O’Biden has his eyes on the dinar in our treasury. It’s a win win. No horse trading needed. Militia Man Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn't she wouldn't be where she is now, which is out from under the protection of EO 13303 outside the DFI. Iraq is still covered under EO13303 until mid May 2024, unless it is rescinded by Biden - let's not jump the gun with assumptions. Frank26 [Iraq boots-on-the-ground report] Firefly: They talked a long time about how the national cards we have will be used for all transactions in our country. FRANK: The national cards tell Iraqi citizens that their currency is about to have value, that it's about to go international. The International world would not want anything to do with the toilet paper valued currency. These are the hints. These are the telltale signs that they are are re-denominating and a new exchange rate is at your doorstep... Samson Article: "Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects"
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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... So, take everything with a grain of salt ... RON Mnt Goat the TRUTH finally coming out in the Iraq news. We don’t have to guess, it’s in all the news channels from Iraq now. Yes, the Iraqi dinar and the future revaluation of it is on the agenda for the April 15th visit of the Iraqi prime minister Al-Sudani to Washington, DC...The next stop is the in-country rate if all goes well that we should expect shortly after Al-Sudani’s return from Washington DC. We then know the rest of the process and what happens next… We can almost see the finish line as the train is about to come around the bend. Paulette Article quote: "Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states." Will one State be Florida???? & @ Mar-a-Lago???
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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... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani: Meeting with Biden is an opportunity to put the two countries’ partnership on a new basis and expand relations" Quote: "Prime Minister Muhammad Shiaa Al-Sudani saw the meeting he will have with US President Joe Biden during his visit to Washington next Monday as an opportunity to put the US-Iraqi partnership on a new and more sustainable basis.” Samson Article ”The prime minister’s visit to Washington. Activating the economic partnership is one of the sectors of the Strategic Framework Agreement" Militia Man Al-Sudani was supposed to be in Washington on the 15, well it sounds like he's arrived and it sounds like he has the Central Bank delegation with him and it sounds like Al-Alaq is with him which would be a really good thing...They said he was going to be here on the 15th, it turns out he's early which is phenomenal...
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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... So, take everything with a grain of salt ... RON Frank26 Suadni got on the airplane when you guys were asleep and went to Washington. But here's the thing, Sudani left with an entourage the size of about I think 3 airplanes or more. Sudani is going with an amazing group of people - his whole cabinet - board of directors from the CBI, every important person ever part of their monetary reform process. They are all going. He's going for a week. Sudani is going to see Biden for one hour and the other 6 days and 23 hours are going to be spend on the reforms of Iraq. MarkZ Question "When do you think the RV will happen?" I think we are on the precipice and almost there. …and we should see (bare minimum) Iraq with a new value sometime in the month of April …This is just based on a gut feeling and information we see coming in. When will these slow witted clowns on Mark's site stop asking the same DUMB questions..?
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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... So, take everything with a grain of salt ... RON Frank26 If you don't like what they [Chase Bank] have got, then go somewhere else... And when you go somewhere else you already studied the bank...vetted... looked at their portfolio...know their officers... know their structure...know how they're going to take care of your money... invest your money right? If you say no to any of those questions you're in trouble because the leeches and parasites... vultures sense you, once the sharks know that there's chum in the water, they're going to circle you. They're going to tear you apart. 'Hey, MC Hammer... You Can't Touch This. You can't touch my money Frank.' How much money do you have? $200 million...How much you have now? Nothing... [this] is the situation we will be facing very soon. You're going to be attacked... You don't like Chase, make sure you check out where you're going carefully... Militia Man We know Al-Sudani is gearing to come to the United States on or around the 15th. Today we see he's ready to spend about a week in the Untied States. His saying about a week in the United States is a big deal because that's a long time. He's bringing... senior representatives from the Central Bank of Iraq... They're going to be talking with the United States Treasury... Clare Article "Bankers excited to meet the Treasury Al-Sudani will stay in America for a week.. A source from Baghdad and another from Washington reveal the agenda" Quote "The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials...The Sudanese visit lasts a week and includes 3 American states." Samson Article ”Bankers excited to meet the Treasury Al-Sudani will stay in America for a week.. A source from Baghdad and another from Washington reveal the agenda" Pimpy My gut feeling is they're going to re-denominate and then change the exchange rate right after that to where it should be, somewhere around $3 and something cents per dinar. I've got 5 million. If it goes to $3 and something, I made $15,000. I'm a happy camper with that. It's better than not having anything. I understand for a lot of you you're like, 'No. No. NO. that's not good because that's not what I had in mind.' And I'm sorry but you're asking me my opinion. That is my opinion. They will re-denominate the currency, LOP off the zeros - your 25,000 dinar will become 25 and then they'll reinstate the old rate... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about our international debt going from trillions to billions... FRANK: That is the definition of lifting the three zeros... It's that simple... Going from trillions to billions - how? 'We already told you, we're lifting the three zeros from our exchange rate.' Why? 'Because we're re-denominating our currency.' How? 'By bringing out lower notes and getting rid of the three zero notes...' Why? 'Because we suffered enough.'
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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... So, take everything with a grain of salt ... RON Militia Man There are so many indicators now that show Iraq is heading into the global stage and is setting the stage in many ways... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani say the meeting with Biden will put our reconstruction on a whole new basis. FRANK: The only reason the economic reform is going to be on a whole new basis...successful, is because the monetary reform was successful. Clare From X/Twitter: Iraqi Prime Minister's Office account: "Prime Minister, Mr. Muhammad Shiaa Al-Sudani, leaves the capital, Baghdad, heading to the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden." MarkZ Community comment "Sudani looks to be coming to the US on the 15th..." I think it more likely to happen toward the tail end of the 22nd to see our new rate. But Iraqi contacts think Sudani is going to announce it in Iraq before he heads to the US on the 15th…. I hope they are right and I am wrong.
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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... So, take everything with a grain of salt ... RON Mnt Goat Article Quote: “Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024” We have been told years ago that the ATMs are pivotal to the Project to Delete the Zeros... good news!
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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... So, take everything with a grain of salt ... RON Clare Article "Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects" Breitling The dinar is real. The opportunity is real. I know you have to have an atomic, almost God like patience. I'm just like everybody else, can't wait for them to add value to it. But it is real. I think people who stick with it are going to benefit from it, 100%. It is real and it will come.
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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... So, take everything with a grain of salt ... RON Frank26 I told you there are four banks [for exchange]. I told you the echelon...What was the first bank? Bank of America. What's the second bank? [JP Morgan Chase Bank]...In my estimate, JP Morgan Chase, then Wells Fargo, then Citibank, then Bank of America (they're having some financial issues)...RON Sandy Ingram Oil has risen to over $90 a barrel... OPEC is cornering itself into position of oil profits by reducing the amount of oil available... Pimpy Nearly everybody [In Iraq] earns less than $2,500/month. 75% of the population makes less than $770/month. 50% of them earn $540/month or less. And 25% of them earn less than $400/month. This is your average monthly salaries over there in Iraq... Labor over there is cheap. Clare Article "THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON.. AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR" Quote "the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better." Militia Man The Iraq stage is clearly set for Al-Sudani to come to the USA... His achievements to date are phenomenal in totality! The DFI funds have been the legal basis for depositing oil revenues in the new "IRAQ2" account with the Federal Reserve Bank in New York; so "is the expiration of EO 13303", which granted Iraq the ability for her funds to be deposited in an account to be protected with legal authority, and to be where they are now....The end of this statement is missing... Samson Article "THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON ... AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR" Pimpy There still seems to be some major confusion about what a real effective exchange rate is versus an actual nominal exchange rate...A Real Effective Exchange Rate is for assessing its trade capabilities...an increase in the nations REER is an indication that the exports are becoming more expensive and its imports are becoming cheaper. It is losing its trade competitiveness. So the REER is used to check out its competitiveness with other trade partners. That's it...It's not the same thing as a nominal exchange rate... Frank26 Iraq is a sovereign nation now with a sovereign currency. Therefore IMO Sudani goes to Washington to deal with Monetary Reform and banking advancement... Billions and billions are retuning to Iraq. It's an incredible amount of money that's coming back. It'll [DFI?] probably come back to them now or after the 15th when Sudani comes back.
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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... So, take everything with a grain of salt ... RON Frank26 ...We are in the best position possible. We already went to the banks in Ohio. We already opened an account - Checking/Savings whatever you want... Some banks are willing to talk and say a little bit... I respect those banks. The banks that are telling me that, 'No we don't know anything. No, it's a scam. No, it's never going happen.' ...I will never do business with those banks. Never... I'm going to start with Chase... Then we can go to Well Fargo... MarkZ Iraq now has full control of its funds and one of the requirements now that it has control of its funds... to pay back the United States. It cannot do that at a rate of 1310. But it can easily do it with a value change. I believe the next 10-11 days are going to be huge.
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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... So, take everything with a grain of salt ... RON Pimpy I read this book [Quest For Good Money]...I kept playing with the numbers, reading my ass off... This is the formula they use [to determine the exchange rate]... The person that wrote the book said if they can get their inflation down, at it is down,...and they can catch up to their dinar price parity ...it should be at the pre-war rate...which is over $3.00. So I did the formula based on all the information they gave me, it came out to $3.56...I said wow, that's going to be phenomenal ...that is worth getting excited about ...The study does tell you that there's no reason Iraq can't be the most valuable currency out there... The question is always going to be whether they re-denominate or not. It sounds like Pimpy has had his eyes opened a bit by this book. Sandy Ingram In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies. Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately. People have 21 days to exchange their old notes and coins for new ones. It is expected the new currency will have a profound impact on inflation... The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold... The ZIG has denominations between 1 and 200. Militia Man Bottom line is Iraq has about $16 to $17 trillion worth of product in the ground (Plus Natural Gas) that they know of and they're going to go after it... Clare Article "Disclosure of Iraq's creditors internally and externally" Quote "On April 8, the Iraqi government announced a reduction in external public debt by more than 50%, bringing the debt down from $19.729 billion late. in 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year." Paulette IMO, UN resolution 1483 will have to be lifted to allow Iraq to be totally sovereign as it established the US and UK as "occupying forces"...This is in essence "Guardianship" or "Receivership"...Absent the lifting, the US has to give Iraq permission to do most anything Internationally including "currency reinstatement" ...I am hopeful that internal control of the money structure is exclusively in the hands of the CBI so they can at least move to the RD/RV stage of their monetary reform... If not, the upcoming US visit of Sudani may very well be pivotal... Saleh recently stated he was unsure of the status of 1483 according to news articles...
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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... So, take everything with a grain of salt ... RON Pimpy There won't be no in-country/out-of-country rate, just not going to happen. If [there's a LOP and] you think you're going to be able to hold the old bank notes with the zeros on there just because you're out of Iraq and... the exchange rate jumps up to a high exchange rate and you think you're going to run down there with your 25,000 and swap it with that exchange rate and get more of a return, you're sadly mistaken...In country 1 to 1 - out of country a $3.86 exchange rate, that's not going to happen. The variance is usually somewhere between 1% to 3%... Mnt Goat We are just waiting for the “giant” leap when the CBI gives them the second rate change. This should bring in much if not all the remaining capital outside the banking system back to the banks that need it desperately for the economy to grow. This second rate change should coincide with the project to delete the zeros. Militia Man Remember when you say Iraq was paying for all of their major construction at 1310 you'll see...payments were able to disperse out of the DFI fund... Food, currency exchange programs, electricity, oil infrastructure programs, equipment for Iraqis, equipment for security forces, civil services, salaries, Ministry of budget operations - that's a broad spectrum... They had a lot of things that they could tap into that oil money revenue stream dollars [DFI}. It wasn't in dinars. Things have changed now... They have a time crunch... Since the DFI has gone into the Iraqi2 Fund you're going to see big changes I'm excited to 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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about Sudani's trip to Washington. They saying high security and military personnel will accompany him...It looks like we're going to go this time with a completely different exchange rate. FRANK: My hope and prayer is he will talk to you about your new exchange rate because it is time to do so. He has given you every hint... every scenario... every option of why you're about to have a new value to your currency, about why your currency will be more valuable than the American dollar...I am sitting... in great hope he will make an announcement that will add purchasing power to your currency and then go to Washington with that power representing him as the leader of Iraq, a free sovereign nation and not the loser of a program rate country with sanctions upon him. Pimpy The average dinar holder only holds 250,000 dinars... I wonder how Pimple knows this obscure detail - no proof its a fact
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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... So, take everything with a grain of salt ... RON Mnt Goat Article: "IRAQ ANNOUNCES THAT IT IS CLOSE TO PRODUCING 5 MILLION BARRELS PER DAY" ...they are announcing that it is close to 5 million barrels per day. Oh… but the dinar is still at 1/6 of a penny? It is like they are ignoring the oil assets already on hand in determining the rate of the dinar. Even before the 1991 invasion they were producing 2.5 million barrels per day and the dinar was around $3.22. Now they are producing twice as much oil. So what’s going on here? ...The US is playing a game with Iraq and the IQD and most importantly... It’s people are suffering from it the most. War sanctions are over, and its time to give them back their currency along with their dignity. Clare Article "Two Iraqi fintechs listed in Forbes’ Top 50 Fintechs in the Middle East" Quote "Iraq Wallet (ZainCash Iraq) and NEO Pay Iraq, have secured coveted spots among Forbes’ Top 50 Fintech Companies in the Middle East, demonstrating evidence of the financial technology sector in Iraq’s rapidly developing creativity. Iraq Wallet (ZainCash Iraq) came in at number 6 in the region, while NEO Pay Iraq came in at number 35 in the Middle East." Pimpy Question "Do you think Iraq's government is sovereign?" To some degree yeah, but no. If that were the case Iraq wouldn't have to keep sending their budget over to us to get it approved. They would stand on their own feet. And that's what they are about to do, Pimpy..! Frank26 Q? : Do you think the world is interested in the monetary reform? No, you are. You are such a small populous. The amount of people that have dinars as an investment is minuscule. The CBI doesn't care about you having dinars. They care about countries that have dinars in their reserves. You're talking billions. That's serious money... It's not the contracts, businesses, companies that are excited about the monetary reform like you are. No, they're excited about the economic reform because that's where they're going to make money. If the economic reform is not successful they know they're screwed. Militia Man Article Quote: "Al Sudani uttered a very important phrase, 'keep the dinar...I bear witness that the Iraqi dinar will return to its lofty economic value as it was'..."' Lofty economic value is not 1310. It's not 1159. It's not 1182 or 1160 or any of those number. It's back to previous era like they said. They shut this thing down at...$3.22...The true value from the IMF... estimates were about $2.80. Those are their words not mine and in print... They can support it... Remember, Iraq was at $35 a barrel of oil. It's $85 right now. Then add in all the extra revenue streams that we know of... They're massive and they're just going to keep growing. And NOW, for some of Mark's ... ...! MarkZ Question: Where will redemption centers be? (A very dumb sheep question..!) Mark: I have been told this over and over that the majority of the US - 90% of us will have a RC within 50 miles of where we live. The only people who may have a longer drive are those in rural areas…low populations like the Dakotas and Wyo…They will not release exact locations before the event starts for security.
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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... So, take everything with a grain of salt ... RON Pimpy People have been asking about how much dinar does the International Monetary Fund hold... or World Bank ...or World Trade Organization or US Treasury... There is no proof in writing anywhere that the United States is holding any Iraqi dinar. Yes there could be some Iraqi dinar being held in our foreign reserves but it's not 4 trillion... Google it, go on any website, go anywhere and see if you could find if these organizations are invested into currencies or any other investments whatsoever...you're not going to find it. That's not what they do...They don't hold the Iraqi dinar. That's not what they do. Frank26 To release executive order 13303 IMO was the domino effect that also released the DFI funds ...IMO the currency exchange of the Iraqi dinar is under the DFI fund. Executive order 13303 has not been resigned therefore the DFI fund is free to be returned, therefore Iraq needs to protect those funds with a new exchange rate... To not see Biden resign this executive order it means to me the monetary reform/new exchange rate is free as a bird to be exposed, to come out for the citizens to use to add purchasing power to their 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... So, take everything with a grain of salt ... RON Frank26 The reason why Sudani is going to Washington is about the monetary reform. End of story. Militia Man Article: "Dinar and dollar" This piece was from March 4th, 2024 and is redone again fresh today. By stating they are going to overthrow the dollar very soon will be making it hard for the citizens to want to let their dinar go. Al-Sudani stated as we noted before to keep the dinar, as it will return to its lofty economic value, as it was before. From, what we know, there is a lot of issues on the table that are exchange rate oriented. This is a good sign.. imo. They are not letting the idea or the expectations of increased value to the dinar go away.
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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... So, take everything with a grain of salt ... RON Militia Man Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value. They have a a lot of assets. They have natural resources to the extent...they're 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world. They also have one of the youngest populations and growing populations... The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward... Pimpy You guys are still saying the LOP and the deletion of the zeros are two separate things. It's the same damn thing...LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing. It's called a re-denomination... When a country re-denominates the old currency is no longer any good... Pimpy, please do a little better research on what a LOP is and conditions it's used for, and deleting the zeros as Shabibi used it, and even Sudani recently, when he said he'd like to the the IQD at 1.32 to the USD. That's moving their 1320 rate to 1.32 (or the actual exchange rate of .0007633 to .7633) - both of these are the same value, and have NOTHING to do with a LOP. 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... So, take everything with a grain of salt ... RON Frank26 From the 9th to the 13th I consider that to be a very serious study window for us to pay attention. MarkZ A big thing that just happened is the reopening of the pipeline between Iraq and Turkey. They say it can handle an unlimited amount of oil. This is huge for the amount of oil they are exporting. This means more money for their currency. Mnt Goat Q? : Does Iraq need the Oil and Gas law in place prior to the RV? I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.
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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... So, take everything with a grain of salt ... RON Sandy Ingram Zimbabwe has a new structured currency...People will have 21 days from Friday April 5th to exchange their currency for the new structured currency... [We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country. If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq. Pimpy Iraq is transforming in a very quick and powerful way is great news... The fact they're able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320... MarkZ Question: Do you think things have started? Mark: After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now. Militia Man Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq's favor as a whole. So give or take, whether it's before he comes home or after he comes home Iraq is going to be whole. That means everything is in Iraq's cards...they have the ability to be sovereign again. That's what we're waiting for. Frank26 Question: "How long do you think we'll have to exchange IYO?" I don't know. Normally they give you anywhere from 6 months to about a year.
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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... So, take everything with a grain of salt ... RON Fnu Lnu Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation... To espouse such inciting commentary [against this]... negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel... Clare Article: "Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr” Quote: “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.” Sandy Ingram Iraq's prime minister will be in Washington, DC in less than 8 days to meet with President Biden. Pimpy There seems to still be some confusion about the official exchange rate versus the real effective exchange rate... comments like "When they get to the real effective exchange rate" or When they switch to the real effective exchange rate." Or "When they use the real effective exchange rate"...This is confusing...what a real effective exchange rate is...An official exchange rate is at which country's currency can be exchanged for another country's' currency...Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country's currency against the basket of it's major trading partners...Iraq already reports the effective exchange rate...It's already there...you don't have to wait for the real effective exchange rate to come popping up, it's already being used... Militia Man We're watching Iraq go international. It's an interesting study. It's fascinating... Iraq is coming up... Iraq is moving in the a direction to go international and it's phenomenal.
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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... So, take everything with a grain of salt ... RON Walkingstick and Frank26 W. This monetary reform is right in front of your face. It's at your doorstep. F. I envision being at the very edge of a cliff, on my tiptoes, with my arms out, leaning forward, my head down, waiting for a gust of wind to let me fly.... Goldilocks Iraq is in the process of signing bilateral agreements that will support their infrastructure through their shipping ports. This move will help Iraq to spend their money locally and support their own economy. Projects such as this will help justify new values on their Iraqi Dinar...
