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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: "Mazhar Salih: Iraq is on the brink of economic recovery" Yeah, just that quick. Magically what are we seven weeks into the year - we went from having huge deficits to now we're already in the recovery? ...it's almost already close enough to start slowly but surely rising the value of the dinar to its true value. That's just my opinion... *** Footforward I'm happy to exchange all of my dinar for anything over 3.50...catch it because it's going to be too fast...they make it sound like everyone caught a $9 rate on Kuwait dinar when in fact very few of any actually caught that outside of forex... *** MilitiaMan Article: "Parliamentary Finance Explains The Reasons For The Delay In Paying Employees' Salaries" Quotes: "salaries will not be delayed this month or the coming months and they are fully insured." ; "...the delay that accompanies the payment of salaries every month is borne by the Accounting Department at the Ministry of Finance for its reliance on old mechanisms in banking transactions..." This sure looks like there is a consensus in that they know a new mechanism is coming into play. Modern is not in the old but new mechanism. Well that to me suggest they are to pay in a timely manner with a new rate (mechanism) in the future. A mechanism applied in such a manner that fully insures payments will be on time and not delayed any longer. Thereby, we can deduce they have a digital system coming into play. Probably one that will interlink with not only internal transactions but, regionally and globally...imo. I like it... *** Frank26 If you go to a bank to exchange your dinars then they convince you - 'Would you like to deposit your capital gains in our bank? We have wealth managers who can advise you. We have may packages and many services. Would you like to do that?' And you say to them. sure...Banks in the the U.S. they insure you. It's called FDIC. That's the insurance to cover your money in case it's stolen, burnt, lost or whatever it may be. The insurance for FDIC is only $250k. If you cashed out 1 million dollars worth and you deposit it into their bank account you want to ask them how much of my currency that I just put into your bank is insured? If you deposit a million - three quarters of a million will not be insured. You may say 'so what." Trust me you want to insure your money... (Note: Speak to your financial advisors at the appropriate time to protect you and your family's financial future.).. *** Pimpy ...something is definitely happening... March seems to be the month. What "it" is I'm not 100% sure. I'm monitoring all the chatter amongst those who know and trying to get definite details that I can prove. All I know is there's a lot of scurrying going on and everything seems to be pointing towards the month of March. What it is I don't know and that's frustrating because even the people I rely on that do know - even they don't know. They just know something is coming up. I'm not trying to get people overly hyped or really excited. What I'm trying to say is we have no idea what it it is. It might be good it might be bad. I'm trying to find out for you guys... *** Jeff Article: "Mazhar Salih: Iraq is on the bring of economic recovery" ...He's the former number 2 man of the central bank...when the central bank talk that's when you listen...I told you from when Iraq completed that Borrowing Law they could change the rate at any time...they were walking you into the season of the rate change. This article confirms you're there...the rate change reduction...December 20th. What they revealed to you is they had a specific goal that had to be reached in a specific amount of time. That's why they had to do it on December 20th...they implemented a 90-day tool to reduce the note count in the country of Iraq to get the 3 zero notes out of circulation. They needed 90 days on that...for it to be effective and get more than enough notes out of circulation... *** Footforward [Q? : ...Why does everyone keep saying we will only have a short time to exchange?...] Iraq is not going to sit around forever to wait for these notes to come in. They want to get them in as quickly as possible. I believe the rate will be good... That's all for today folks ... be blessed ... 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 *** MilitiaMan *** Article: "The Iraqi Interior Minister arrives in Saudi Arabia at the head of a high-level delegation" Quote: "Without disclosing the purpose of the visit, which had not been announced previously." [Perhaps they are there as part of the launch of the new electronic payment system (QFS). BTW, set for launch today...] Perhaps...I would say your spot on. Things of this nature are not by coincidence, they are by design and a purpose...imo... *** Jeff *** When the rate does change Iraq will...have large 3 zero notes and smaller notes...the lager 3 zero notes and the new smaller notes are all still being as IQD. Nothing is replacing anything. Nothing is being cancelled out. What will happen over a period of time is the large 3 zero notes will be removed and withdrawn from circulation...when the rate changes...you're going to have large notes and small notes in circulation together at the same time sharing the same new increased exchange rate...that's how we get blessed from this... *** Footforward *** [Q? : I thought the dinar must be sent to the US Treasury for exchange? Possibly a 10 day turn-a-round to clear our accounts. Most likely the banks will exchange a small amount into cash, maybe 10K...] ...they have the ability to verify in house...they won't give us tons of cash, but a 10 day turn around...if they have to send everything to the UST, what a nightmare... The treasury will keep the dinar. I don't question that. The treasury will be sending it back to the Central Bank of Iraq...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "To the executive branch to the Central Bank of Iraq". Quote: "the new exchange rate is required for the Iraqi dinar towards U.S. dollar which is 1 dinar equals 1 U.S. dollar. That requires deleting the three zeros." That screws us by the way. Quote: "for example the 1000 dinar becomes the Iraqi dinar." In other words what they're saying, if you delete the zeros the one thousand dinar would be equivalent to one U.S. dollar. 1 for 1...that means my 5 million dinars turns into 5000 dinars and at a 1 for 1 rate I would exchange my 5000 dinars and get 5000 dollars. That's what's being suggested here...(Post 1 of 2).. *** Pimpy *** ...I don't mind a 1 for 1 rate but you definitely don't want them to lop off the zeros and devalue the currency that we are holding...we want the zeros removed off the rate. Quote: "...work in the future to return a new exchange rate each dinar equals $3 as it was previously." Not too shabby...I'm cheering that on. I don't like the lopping the zeros...don't get me wrong, I do want to make money off the Iraqi dinar...but I just can't stand to see an entire nation getting their ass ripped off by these global interest groups...(Post 2 of 2).. *** Jeff *** Article: "The Iraqi Parliament talks about the government's presentation of a "new budget" in the coming months" Iraq's telling us they're probably going to finish their budget by sometime next week. So if they're going to finish their budget why do they need to introduce the budget in the coming months? It's because they have the same exact fiscal year as Kuwait - April through March. This is more confirming information...I know this for a fact because I've reached out and contacted the government of Iraq. I have a contact in the government of Iraq that I'm able to talk to...everything is right on track and on time...we're looking good... *** MilitiaMan *** Articles: "The Kurdish delegation reveals the latest results of its negotiations with Baghdad on the budget"; The Kurdistan government confirms that a quasi-agreement has been reached between Baghdad and Erbil " It looks to me like they have a deal since 12/2020 and now seem to be hammering out past arrears. ...Looks like they have a new formula to use too. It goes to the thinking that a new formula is based of a future exchange rate differential. They will have to have be part of the electronic system at the borders to exclusively to the non oil revenues to the treasury. Sure looks like...a digital requirement... A level playing field... They sure seem to suggest that they will have this sorted this next week or between now and then anyway...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 *** Article: "Al-Rafidain Bank Leaves The Seventh Item" How many times have I told you Iraq is Article VIII? Since January 2018 because that's when I told you they started using a second set of books...we have an article from the IMF that said very clearly that yes Iraq is Article 8 because we're allowing them to use "mechanisms" of Article 8 for their monetary and economic reform...(post 1 of 2)... *** Frank26 *** Quote: "Al-Rafidain Bank announced today, Thursday, that it has withdrawn from Article seven that was previously imposed on it...the exit decision came after fulling all the financial obligations to international financial institutions..." They're telling you they are not at a program rate anymore...this is stupendous. This is immeasurable...[this article] explains why they're not handcuffed anymore. It explains why they are article 8. It explains why they're international. Soon they'll explain why their currency is international because they lifted the 3 zeros...(post 2 of 2)..
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "Significant increase in the central bank's sales of hard currency" ...that is a good sign...this helps build up their foreign currency assets...if you want to have strength in the dinar or any type of confidence in the dinar you have to do something to prop it up. You got to get people's confidence back in it. I'm anticipating there being this year 2021 the value of the dinar going up in increments. Not all at one time. They're gonna have to see how it affects the economy as it goes along... *** MilitiaMan *** The IMF said there would be a change the rate in the fiscal year of 2020 and they did one on 12/20/2020 and then said to the effect that they may/will also do it again in early 2021...just because the first month is over doesn't mean within the first quarter is over yet, which is and can be still considered as being early 2021, imo... The suggesting of reaching out to July is unfounded in my view, as I see nothing to support that.
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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 *** Jeff *** What are we waiting on? Who do we listen to? The CBI. What did the CBI tell us? Years ago the CBI told us that we're waiting on a fiscal budget year before that rate is going to change. When the CBI talks we listen. When does Iraq's fiscal year start? Google tells us it's January...Google and the internet are incorrect...the last data Iraq revealed publicly for a fiscal year came form the last budget they did, which was 2019. When you google Iraq's fiscal year you're seeing old data from 2019 because Iraq never did a 2020 budget. That data about the country's fiscal years comes from the last page of their budget. *** Walkingstick & Frank26 *** ...you have to know when to hold'm and when to fold'm...After they raise the value and they introduce the small category notes there's going to be a time-frame for the Iraqi citizens to exchange their notes inside of Iraq...the 25K also has a set time in which the Iraqi citizens can exchange it - anything after that null and void for them. "Just inside?" Yes. So there's a set time in which the Iraqi citizens will have to exchange their 3 zero notes to pick up their 250, 500, 1000 notes that have already been printed...there is also a very specific time-frame for them to exchange the higher notes like the 25k notes...(post 1 of 2)...more to come *** MilitiaMan *** Article quote: "Following the successful completion of trials, the digital transactions scheme will be activated with participating banks on Feb. 21, according to Asharq Business." they are to have internal digital payments on 02/21/2021. Keep in mind they connected to the BUNA system too. The Buna system is digital as well. Iraq's border's were to be digital or electronic on 01/15/2021. ...A level playing field has a digital signature all over it... imo... I like what I see and soon to be even better!! All of the afore is not a coincidence... It is imo by design.
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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 *** They [the IMF and CBI at this Saturday's meeting] talked about the monetary reform in its entirety - from the beginning to the end. They talked about he new small category notes. Not only the date in which they will release them but the number of the note count...the value of the notes...the Iraqi dinar currency at an international level so it can be convertible. Wow! ...So they talked about the Iraqi currency (the new one that's going to be coming out), how it's going to be international and how it can be convertible. That's great...All these benchmarks IOO have all been agreed upon. Everything from the citizens to the Kurds to the budget to the international investors they all want the new exchange rate to be introduced. They all want this...! *** Pimpy *** People keep looking for an RI/RV...I think what you'll see is the Iraqi dinar go up in value in increments in short periods of time as they continue to recover and they continue to really start the reconstruction...this could be a pretty quick rebound. You might see this thing jump up fairly quickly...
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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 *** Iraq is trying to reform it's economy. This takes time. There is no overnight solutions or magic RV's. They announced today they are beginning to implement the White Paper reforms. So we watch. *** Walkingstick and Frank26 *** This [past] Saturday meeting the CBI and the IMF were given a specific time IMO in the near future to lift the exchange rate value...The reason why the IMF wants it done on this specific date is because of the IMF's serious concerns of impending inflation of their currency...due to the stoppage of their auctions...They got no currency! Of course the IMF is concerned about impending currency inflation to smack Iraq right in the face. That would be a tragedy...In the same breath they talked about the new small category notes...
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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: "Saleh: High oil prices will push the government to prepare a supplementary budget" I already heard some of the gurus out there thinking that this is something to do with changing the rate...IMO nowhere on here does it say this would affect the rate of the dinar. One of the reasons why they have a lower deficit than they had before is because they devalued the dinar. So if they wanted to hurry up and be able to cover their budget you might not see a change in the rate of the Iraqi dinar... *** MilitiaMan *** Article quote: "An economist warns of a decline in the citizen's purchasing power as the dollar’s exchange rate continues to rise" ...a move to the private sector is upon Iraq...If not disaster looms... We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo... That is powerful. 0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar... Fairly sure that is the plan and the world knows it... As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc... All support the move and even a digital one...they are all involved in the architecture of the larger plan...imo... Unfortunately today there were cash sales: Total sale cash 200,000
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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 *** What do we do when it's time to exchange? You've got to know when to hold'm and when to let go of them. I wish you well in that because some people are going to rush like crazy to exchange. I'm not. Ever see a stampede? There's some serious damage. I'm gonna wait till the dust clears. I want to see what banks are doing as the days and weeks go by. *** Mnt Goat *** The finance ministry is telling us that they expect to pass the final 2021 budget this Saturday or Sunday. It is a two-year budget. Kurdistan is the holdup but as usual, they will work out negotiations with them and will need a few days to do so. Even if all goes well with the Kurds, don’t expect a reinstatement the next day...Instead relax and know it is coming soon and you will probably not have to wait until the year 2022.
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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 *** Jeff *** This is not pegged to our calendar. This is pegged to God's Hebrew calendar. Iraq implemented a 90-day tool on December 20th to reduce the 3 zero note count in the country of Iraq...that 90-day step ends Sunday March 21st. The first month of the Hebrew new year is their 7th month. It's the month of Nisan... *** Frank26 *** Article: "Is there a threat to hard currency reserves? The Central bank explains" They're telling you they not only have enough to back up their hard currency but also their digital currency...they are trying to tell you they have a new exchange rate...It's right in front of your eyes.
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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 *** ...as far as I know, the only way they can pay for imports if they cancel the currency auctions is to use the dinar. If they use the dinar it will have to be globally tradable. Am I missing something? So, if it is globally tradable it will have to be reinstated on FOREX. If it is reinstated on FOREX we get to go to the bank. Then only question is about the new rate but we have a good idea what the rate will be as we can see the proposed rates on the bank screens in a “on-hold” state. It is currently at $5 plus. Yes, I said it is over $5.00 dollars in exchange for one dinar. But to get this we will need to see the revaluation in Iraq first, deletion of the zeros and the end to the currency auctions. So there is lots to do but it can all occur very suddenly... *** MilitiaMan *** There has been some good things happening. What we believe that we're seeing is a change that's being presented on foreign currency sites that shows some support for what we've been talking about...what the IMF...the AMF...and the Central Bank is converging to use a digital system....so that they're going to use...less cash...from the IMF's information, from the AMF information and for all the information about Iraq not wanting to hurt the vulnerable, the obvious is what? Something different is coming...this whole thing is by design... *** Frank26 *** ...the CBI is doing an excellent job. A wonderful job. They're on track... Article: "State law calls for reducing the price of the dollar and stresses: The citizen is a red line" ...the CBI which is who this article is from is talking about the exchange rate of the Iraqi dinar and how they're going to treat it...the purpose is to reduce the exchange rate of the dollar...they're talking about reducing the 3 zeros from the IQD...we told you Monday that the CBI was once again going to start talking about the lifting of the value of the Iraqi currency by removing the 3 zeros from its exchange rate and ladies and gentleman there it is...I believe next week into the following week you're going to see so many more articles about this subject.
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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 *** Jeff *** Who should we be listening to? The only group you should be listening to is the CBI...the CBI has put out many articles where they said they're going to delete the zeros (meaning change the rate) at the beginning of a new budget fiscal period...that's exactly why I keep throwing you clues that Iraq is walking in Kuwait's footsteps. What did Kuwait do? Kuwait changed their rate on March 24th of '91. Why? Because Kuwait's fiscal year starts April 1st. Iraq is no different...when the CBI talks those are the only ones you really need to listen to... *** MilitiaMan *** The recalculating assets, incomes streams from oil, border crossings, tourism, fresh new liquid natural gas income from halting its flaring, agriculture, mineral extraction, etc., all play a roll in the valuation process of the country and her currency. The budget needs the rate not the other way around. *** Jeff *** December 20th is when they officially started the reforms by devaluing the currency. Why did Iraq devalue the currency? That was a directive and a requirement by the IMF and the World Bank to reduce the 3 zero note count in the country of Iraq so the citizens don't get rich...It was a 90-day tool. That's why they started it on December 20th. Add 90 days to a Sunday and you got your rate change day
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These Posts were taken from another site that follows Adam's Opinions, and posts snippets from them. His full chat can be found at: Adam Montana Weekly 11 February 2021 *** Adam Montana *** ...there is TALK that Iraq isn't able to use USD anymore. Or they won't be able to, or they shouldn't, or whatever...If Iraq is currently unable to use USD (that's not entirely the case at the moment, but follow along) then they couldn't conduct auctions, they couldn't trade anywhere that uses the USD (that's everywhere), and they would basically fall into absolute poverty and die of malnutrition. Does that sound like a serious possibility? Of course not...(post 1 of 2)... *** Adam Montana *** ...Iraq has a majority of the OIL in the world. There's no way in heck that the WORLD will just pretend that oil isn't there. There is NO WAY that they can't use their resources to "buy in" to anything they want. So... what's with all this talk about Iraq not being able to use USD? I'll answer. It's an idle threat, but a promising one. It means Iraq has one more reason to up their game, Iraq has yet another reason to RV, and the world has one more reason to accept the "NEW" rate, even if it surprises everyone... it's going to happen when it happens, and we are ready and here..! ..(post 2 of 2)... Thanks Adam....RON -
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 *** Remember...this year the Kuwait compensation will be all paid up and completed. This frees Iraq from any war time debt owed... *** Jeff ***...Is there any news we should be aware of? Is anything major happening that's critical? The answer is you're seeing the last final step right before your eyes. It's the '21 budget...I've already told you when their fiscal is. Their fiscal year starts April 1st. I know that for a fact because I've reached out and consulted with the Iraqi government...that's where we're at. The '21 budget is the last step before the rate change...Iraq is very clearly walking in Kuwait's footsteps. *** Pimpy *** Article: "The price of a barrel of Brent crude oil reaches $62.34" It seems like it's going up about a buck or so every couple weeks. This is good. Keep on going up. I know we want Iraq to rely on something else other than oil but it sure would be nice if they got a lot of revenue higher than what they budgeted for. This can help them really start taking a lot of these monies...so they can start developing and reconstructing Iraq, provide jobs to the public. This is what we're looking for...as there's more jobs that are available then...the dinar becomes 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 *** MilitiaMan *** ...Taxes and Tariffs, Liquid Natural Gas, Tourism, Phosphates, Sulfur, Gold, and on an on, will support their REER (Real Effective Exchange Rate)!! Big time...imo... *** Frank26 ***...we needed the only obstacle, Iran, to stop it [bombing, stealing and causing trouble]. Somehow or another Kazemi worked out a deal...with Iran . You understand the importance of all this right? Security/stability...
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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 *** ...another tip for us is to watch what the GOI is about to do with the collections of the customs and tariffs. They have told us there is an electronic service to be used for this collection process and that this service must be capable of accessing the international currency exchanges. How else would they convert the currencies to the countries of origin and destination? We have known about this service for a long while. They have tried in the past to use this service unsuccessfully; since the dinar was not yet international they could not. *** Frank26 *** I told you to circle on your calendar the 8th. Dear God it's historical. They stopped the auctions (??? ...not that I'm aware of, unless he's talking about "cash sales"...Ron)...they're going to stop what we want. The stealing of the American dollar by Iran through the auctions. And we're going to get rid of the Iranian influence in the parliament. Those things have been done. Cross them out. That's historical. Two days later here we are Iraq is coming out and saying we have a digital Iraqi currency now...a digital Iraqi dinar is international...these are telltale signs that SCREAM what they're doing. You know that...you see the shore of the Iraqi reinstatement of this monetary reform...be patient as you get closer, closer and closer so we can land ashore together...
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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 *** I have told everyone so many times already that the VERY BEST time for the CBI too reinstate the dinar is at the beginning of a new fiscal year. The fiscal year begins in January. They have no plans to change the fiscal year to April... The new budget is not yet passed and opened to spend and so this is not yet over and there is still time that we might see something from all this. The CBI must now coordinate with the finance ministry on the auditing process to ensure they too are all set to go. *** Frank26 *** Question: "Will it [exchanging Iraqi dinar] be a taxable even?" Have you ever made money where it's not taxable? So please don't lie to yourself. Don't try to fool yourself. "This is not a table event." Really? You're gonna make a profit and Uncle Sam is gonna be like I didn't see that? ...our treasury knows exactly how many dinars you have...it is a taxable event...It's going to be capital gains tax. If Biden has anything to do with it it will be about 45%. And then you have the spread to deal with and bank fees and everything else. You might end up with about 40%...with Trump it [tax rate] would have been about 15% and probably no higher than about 35%...(note: consult your tax professionals at the appropriate 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 *** Frank26 *** They're not supposed to use the American dollar anymore...So what's left to use? What's left is the Iraqi dinar. But the Iraqi dinar has no value - not only for the citizens but also for the government to run its country especially with the budget at those astronomical numbers. The IMF knows this too. And the World Bank knows this too. Both of them have said very clearly Iraq is in the process of raising the value of their currency...the stoppage of the auctions is a step of the monetary reform of the Iraqi dinar...it is a crucial step in adding value, lifting the 3 zeros from their exchange rate and it's being done. *** Petra *** I want everyone to understand that they are throwing around a lot of confusion. A huge amount of confusion...I believe we are in the end days of this... *** Mark *** I am hearing pretty good things from Iraq…They have passed all their budget stuff and I am told that they expect the final vote on the budget on Saturday. The chatter from Iraq is absolutely fantastic... *** Walkingstick *** Lifting the 3 zeros from their exchange rate should be a hot topic in articles in the near approximate future. *** Frank26 *** If they [Iraq] can't use the American dollar, they can't use foreign currency, they can't use any other type of borrowing system, they can only use their currency but it has no value and they are about to explode economically and the whole international world is inviting them to be a part of it with their currency. Which currency? Not the American dollar. Not any foreign currency. Their currency of international status. That part is coming..!
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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 *** We believe this week you are going to start seeing articles once again about lifting the 3 zeros off the exchange rate... *** Walkingstick *** ...Three weeks ago part one of this meeting occurred. This Saturday part two of this meeting will occur with more people. They will be briefed on the success they've been doing the last 3 weeks. What did they do in those 3 weeks? ...a lot more [bank] accounts have been opened in Iraq. The lowing of the exchange rate was for this purpose...the game-plan worked. This meeting they are about to have this Saturday they want to see the sale of the American dollar lessened or simply stopped. They accomplished this yesterday [Monday Feb 8th]...with the auctions gone the citizens have no choice but to only use their currency. *** Mnt Goat *** ...we must go back to what we know for sure. The CBI confirmed that the Bona service will be launched on the tenth of February. ...Bona is a platform that provides real-time clearing and settlement services for cross-border financial transfers between Arab countries and in Arab and international currencies. I am not predicting a date for the RV just do you know...If the Iraqi dinar is on Bona (which they announced it is) this may get a revaluation of the Iraq dinar in the middle east but not necessarily the reinstatement we desire which allows us to go to the banks in the USA. We might have to wait longer until it is connected to the other currency exchanges throughout the world, especially FOREX. Remember we need a reinstatement and a release of OFAC sanction to allow us to exchange our dinar. Incidentally the ISX (Iraqi Stock Exchange) is now experiencing rapid growth of about 25%. WOW..! *** Frank26 *** Historical. Turns out Monday the 8th of February 2021 they can't use the American dollar anymore in their country. The Marshal Plan 17 years ago brought the American dollar so they could have some currency of value to run their government and for the citizens. We always said that was the goal, the dream come true - stop using the American dollar! The auctions stopped yesterday [Monday]...I wish I had Thor's hammer so I could hit that hard and let it vibrate through your body. The central bank's auctions stopped yesterday! That's why you see all these international platforms saying "come on down and be part of us..!"
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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 *** Last Monday who was in Iraq ? Everybody! The UK . The IMF. The GCC. The IGBC. Everybody and their mother was in Iraq last Monday. Did we hear what that was all about? No...obviously they were there for a reason...when all those people show up...world renowned financial entities all show up. Obviously something happened. We can't talk about it yet. But clearly there's evidence there's been significant progress... *** Footforward *** ...It's my "opinion" the dinar MUST be at least $3.50 to start. And it's my "opinion" they won't let it float this time. It would really be nice if Footforward was right - this time..! 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 *** ...this [AMF's BUNA] is solid evidence that they are coming out to the international world. It's solid evidence they are Article 8...this has nothing to do with a program rate...this is a flow. This is a movement. This is a step-by-step progression. There is no date. There is no rate. The rate is well calculated. That's why we have the budget...be very aware of this tool. It's for International status...(See Petra's post below for why BUNA is so important to the Iraqi dinar.).. *** Petra *** BUNA is a mechanism. It is a method by which the Arab Monetary Fund, which owns the BUNA platform regulates trade within the 20+ Arab countries...all these currencies are all part of the BUMA platform. That is the mechanism that those organizations trade within their countries and outside their countries in the international market place...using a very fast method of transferring inter currency moneys. What's important is Iraq joined this platform on January 4th this year.,,(post 1 of 2)... *** Petra *** They did not engage but they did join the platform...why would Iraq join the BUNA platform? First of all the BUNA platform requires the the currency be internationally tradable...Iraq joined them on January 4th...but they don't go live on the platform until Wednesday the 10th...which means they have to have an internationally tradable currency on Wednesday if they transact. That's a big if. If they transact then something has changed. We would all love for this to happen. Is it going to happen? I don't know...If they do, we'll know about it because they'll have to change the rate. That's why the BUMA platform is so important...(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 *** Stock exchanges that need to be on the same page and able to clear trades with not only stock but one another's respective currencies, as they need to communicate. The timing of all this is not by a coincidence in my opinion it is by design. The platforms are in place and now will apparently start to connect in real international time and pricing. BUNA imo requires article 8 compliance with the IMF. *** Jeff *** The World Bank and the IMF they started showing a large presence with Iraq around December. Why December? They're working with Iraq to bring forth the rate change. It's that simple. They're using the last quart of Iraq's 2020 fiscal year which is January through March to set the stage for the rate change. That's why they devalued the currency on December 20th...that was nothing more than a 90-day tool to reduce the note count physically within the country of Iraq.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat ...Citizens are finally putting their money in the banks and turning in their dinars...Remember this makes for an easier transition to a new revalued dinar rate should they make this next move. But not yet, as least they are not telling us this is coming now. Could this be the reason for the planned devaluation of the dinar, yet further? Is it to push the citizens to the banks with their dinars? *** Mnt Goat ...we all know for a fact the dinar can sustain up to $16 (according to Dr Shabibi in 2012) when pegged out of the de- facto peg and to the basket of global currencies and reinstated on the open global markets. ...So...What is going on here? ...I do not yet have all the FACTS yet but I will tell you one thing for sure. I know they must reduce their debt and the salary payments... If they were to revalue today it could actually quadruple the debt. So they must first pay it off or find a way to lower it using the new revalued rate not the devalued rate...Why would the IMF announce a huge loan to Iraq if they knew they were in a crisis and could not pay it 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. RON *** MilitiaMan *** The can kicking of the 2021 Budget is by design.. imo.. It appears they have had to massage the timing to fit in line with many things and the hurry up and wait from parliament looks to be to me that they were in a hurry, yet, now they have to sit tight for the moment with having completed all but the best for last... imo.. *** Footforward *** ...do not be alarmed if they don't show the rate in the budget.
