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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 Article: "The Kuwaiti dinar currently is the strongest currency in the world: 31 Kuwaiti dinars for every US dollar." If you do the math it turns out to be about $3.22. Quote "It's worth noting Kuwait has about 7% of the world's oil reserves which greatly supports the value of the currency. According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait's 101.5 billion." Iraq has 43% more oil than Kuwait. [Kuwait's] currency is strongest in the world. Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues. Pretty exciting times! MM, you forget the population of Iraq is almost 10 times that of Kuwait, and it's size is 25 times larger ( As of January 20, 2025, Kuwait's population was 4,984,970, while Iraq's population was estimated to be 47,020,774 in mid-2025 ) - your logic of a 43% greater value is absurd and unrealistic. RON MarkZ Comment: Mark look at IQD on xe and see what it says …it started showing up on Saturday. Mark: We are seeing some crazy rates and values… buckle up, its going to be a crazy couple of days.
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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 The rumor is according to 'East' [Aki's company in the Middle East] that they got nine currencies in a basket. It may be more, it may be less. It could come out asset backed, or it could come out with a float. The float makes more sense. But East is saying, if it is a basket, we're seeing the Euro, British pound, Krona, which is Swedish currency and shilling, which is Austria currency. Jeff The budget amendments cannot get approved till after the rate changes. They're working around a date waiting for the rate to change.
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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 MarkZ Article: “CBI unveils new banknote security features” Lots of pictures and they show us on the old bills where some of these features could be and what to look for. This is great cover for new bills and distributing the lower denominations; this is a world class approach. With bills with new security feature - they will need to distribute the lower denominations throughout the banks and businesses. This article had me awfully excited. The dinar is going to be one of the most sophisticated currencies in the world; and it should be as (imo) it is about to be the most valuable currency in the world. Militia Man Article: "Iraq launches new banknotes with innovative security signs for the visually impaired" It seems like it's new currency. I don't have any currencies...that you can feel bumps... Quote: "The public will have enough time to adapt to these new bank notes...The Central Bank confirmed the new bank notes will be traded along with the old ones and there will be no intention to withdraw old bank notes from circulation." Remember, they've already withdrawn a lot of notes out of the system. They were actually destroying perfectly good money. [Post 1 of 2] Militia Man Quote: "The Central bank of Iraq reviewed the excellence enjoyed by Iraqi bank notes as they are one of the most complex security marks and were manufactured from the best types of paper used in printing bank notes to ensure quality and safety." They show older currency of course but they're not going to share with you the new currency because of counterfeiting...You ask yourself, well, they're going to be reproducing new 25k notes for 1310 as an exchange rate to the US dollar? Why are you doing that now? You already have many security features, the 25k note is full of them. Do they really mean new notes? I think they do. [Post 2 of 2] Clare Article: “Iraq issues new banknotes with innovative security features for the visually impaired" Quote: "The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation." Frank26 I prefer a float. I don't want to be in a basket, start out slow. It might be good, better control of everything, inflation, GDP, everything but I'm from America, we want a New York nanosecond right now. I'd rather just go over to the float, start at $3.22 and let it go; and then cap it. MarkZ Article: “Among those is an Iraqi Cleric: List of personalities attending Trumps inauguration“ There is so much support for Trump in Iraq. Mnt Goat Economic expert Nabil Jabbar Al-Tamimi is saying they are ready for FOREX after implementing all these banking and financial reforms. The White Paper reforms have been successful. It is time to move to the next stage which is…? Well folks financial and banking researcher Mustafa Hantoush just pointed out to us what the next stage should be. Yes, I mean FOREX! I do not see the Trump era administration not seeing the necessity for going to FOREX with all the progress of the reforms to move to the next stage. I am sure the US Treasury will agree. I am told by [my] CBI contact that they are giving Iraq a “thumbs up” to move ahead.
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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 Question: "Will there be more than one rate at the bank? Will there be a special rate?" No. The exchange rate of the Iraqi dinar will only have one exchange rate. Militia Man I personally believe parliament doesn't have any control over the exchange rate of the Iraqi currency. They do need to be a little bit on board. I think Al Sudani is giving olive branches to these people especially those that seem to be bucking the system and trying to create constant problems... Jeff What we're hoping to see through this week; they come out and give us some type of news saying that sometime in the near future they're going to tentatively set a date to send and approve the budget schedules to parliament. That's what we want to see. We want to see them schedule a time period to where they'll be ready to send the budget schedules to parliament for approval and reveal some kind of time frame or a date for that. That's the next critical piece we're looking for. The rate needs to change before [approval] is going to happen. Everything is moving in the right direction. We're very very close to this.
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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 Samson Article: "Iraq chairs the first meeting of the Group of 77 and China at the United Nations" Sandy Ingram There is an air of uncertainty surrounding Syria, Iran and Iraq. Syria is going through a rebuilding period. What we don't yet fully understand is the role Iraq and the U.S. will play in Syria's adjustments. Clare Article: "The 10 most powerful currencies in the world.. Arab countries top the list" Quote: "The Bankrate website...list of the strongest currencies in the world. 1- Kuwaiti Dinar...traders getting 0.31 Kuwaiti Dinars for every US Dollar. 2- Bahraini Dinar...0.38 Bahraini Dinars for every US Dollar. 3- Omani Rial...0.39. 4- Jordanian Dinar...0.71. 5- British pound...0.82. 6- Gibraltar pound...0.82. 7- Cayman Islands Dollar...0.83. 8- Swiss Franc...0.92. 9- Euro...0.98. 10- US Dollar...While the Kuwaiti dinar is the strongest currency, the Swiss franc is considered one of the most stable currencies thanks to Switzerland's political neutrality, low debt-to-GDP ratio, and conservative monetary policy.⚡
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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 Amendment 12 second C component of the [budget] they haven't exposed yet publicly. Why? They haven't exposed their exchange rate yet. That's my view. Frank26 [Former banker & Federal bank examiner with the US Treasury - Bill update] Let me just say what I'm going to do. Say I bank with Chase Bank; I'll Google them, find out where is their private bank division. That's where the upper net worth [people go]. You already know what the rate is going to be. The question becomes what are they going charge you for a fee. That can be significant, it could be anywhere from 1% to 3%. You want to get it down, It's not locked in. I think it's negotiable. [Post 1 of 2] Frank26 The more you bring to the table the better negotiating position you're in. Take two people. Ask for whoever is in charge. Don't talk to anybody else, not a teller, not a customer service representative. I would set up a meeting and say this is why I'm coming in, this is what I'd like to talk about, when can we get together. Keep it simple. Know the value going in. The only thing you want to do is determine what is going to be their exchange fee and can you negotiate it. I recommend that folks check out two or three different banks. It's going to become very very competitive. [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... So, take everything with a grain of salt ... RON Frank26 The closing of the auctions, the closing of the electronic platform auctions enhances financial stability...It's very obvious they're moving towards releasing a new exchange rate. It's that simple... Samson Article: "Sharjah celebrates the launch of the first Iraqi Airways flights" Quote: "Sharjah International Airport in the United Arab Emirates celebrated the launch of the first Iraqi Airways flights" Jeff They are preparing today to approve Article 12 amended portion of the three-year budget law. What that does is make sure the Kurdistan region recaptures all their costs of extracting and transporting the oil. It has nothing to do with the rate change. That's why they're able to finish it. What you want to focus on is the budget schedules. They have not even started the first reading the Budget schedules. They have not even been able to send it to parliament for review. Today they're just preparing to complete the third and final reading to Article 12 of the three-year budget law. Mnt Goat Article: “CENTRAL BANK RENEWS DIRECTIVE TO SPREAD AND EXPAND FINANCIAL SERVICES AND ATMS” Why are these ATMs so important to our investment in the Iraqi dinar? They are important because the CBI told us they are an integral part of the Project to Delete the Zeros.
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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 MarkZ Article: “Parliamentary finance reveals the objectives of revealing the federal budget” This happened today. I am told they expect the vote or third reading on this tomorrow. I am very optimistic on what is happening in Iraq this weekend and would not surprise me if they raise that value soon. Jeff Question: "How long IYO will we have to exchange our 3-zero notes before they are rendered non-negotiable?" Jeff: When they phased out the old Saddam Swiss notes and put the new notes into circulation everybody had 90 days to turn in their old Saddam notes and get the new ones. They used to have a 50 note up until 2012. They phased out 50 note and replaced it with the 50,000 note. When everybody had to turn in their old 50 note they had 90 days as well. My opinion is that we're all going to have 90 days to turn in our notes because that's how long they had historically from two different scenarios to turn them in. However, Shabibi, the originator of the plan indicated the notes would coexist for some time. RON Kaperoni Mudher Muhammad Saleh, former deputy governor of the Central Bank of Iraq stated years ago, Iraq has about 16 trillion dollars worth of minerals in the ground including oil. They have since discovered much more..! There is no way they could significantly RV the dinar with the amount of currency in circulation (currently about 100 trillion dinar). Only a gradual reduction of the currency as a result of the economic growth in diversification would make any sense. Not to mention, the world would not accept any arbitrary or random value. Pimpy There is no in county/out of country. Whenever Iraq makes a change on the currency exchange rate in country it's going to affect everywhere around the world in regards to Iraqi dinar. There's not going to be some special group that you go to, Tier one, tier two, there's no Reno visit. That's all bull ****. There is no redemption centers. When the time comes we just take our dinar to the bank, we make the exchange. Nobody's going to get a special rate. Clare Article: "Iraq is off the red list for risk assessment" Quote: "The investment status in Iraq had been raised from the red list to the orange list during the Prime Minister’s visit to London."
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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 First, it was just one day, then it was three days and then today's article says the Prime Minister spent four days in Britain. It started with meeting of the King of the country and ending with a meeting with the Iraqi community. Why did they tell you he was going to be there one day then changed it to three days and then ultimately he stayed for four? Frank26 [Iraq boots-on-the-ground report] FIREFLY: Keep hearing the Forex and it's also coming from the CBI too. They're explaining how much more can be done on Forex. They are preparing to leave the border. Forex would be international and like you want, the float. FRANK: We still don't know. Mnt Goat Article Quote: “possibility of transferring the dollar to trading platforms in the stock market, to be sold to those entitled to it through direct transactions instead of sending the dollar exclusively to banks”, “stressing the need to organize these operations by switching to the “Forex” market,” ... WOW! WOW! WOW! Did they just suggest using the trading platforms in the stock market i.e FOREX..! You gotta luv it. Music to my ears. MarkZ Here is the one I am excited about: Article: “Instead of granting it exclusively to foreign banks-proposal to put the dollar on “Tadowul platforms”." This should give you all warm and fuzzies; how foreign remittances work in banks, etc. This is what they are going to do. They are converting dollars to be sold on trading platforms and the stock market and switching to the forex market! In order to take the next steps for them it needs to be traded on platforms just like the US dollar, British Pound and other currencies are. That would mean they are on the fully international forex and most likely a much bigger value on the dinar. This is my favorite article of the morning. ***** Friday Midnight Opinions ***** Frank26 The budget needs the new exchange rate. It's that simple. Militia Man I'm on pins and needles because what we're seeing is realtime data, it's no joke. Iraq is effectively going international. MarkZ Question: What is your guess on the total amount of dinar held in the US? Mark: Great question. I heard some projections way back in the day that (if I had to make a guess) maybe 10 Trillion? That is just a guess…but maybe 10% of what is in circulation may be held in the US. As I recall, it was 3.7-4 Trillion IQD and we secured the right to purchase oil with them at the rate of $30/bbl. Clare Article: "European and Gulf officials.. Baghdad to receive important leaders in the coming days" Quote: "Baghdad will witness a series of successive visits by the foreign ministers of France, Italy, and the European Union countries, in addition to the ministers of the countries of the region (neighboring and regional), and the Gulf countries in the coming days"
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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 hasn't been on the Forex market at 1310 in an International capacity. Are they ever going to do that? I don't think so. When they start mentioning, first time in a long time, coming from the Central Bank of Iraq...telling you exactly what they've done...You're going to see a theme and that theme is, going international. When they mention Forex, I have not seen them talk about this ever before...Take that whole thing very serious because it's powerful. Clare Article: "4 days separate Iraq from a phase full of "unexpected events" Quote: “Donald Trump will officially assume the US presidency on January 20. Trump will move to remove part of the ruling class loyal to or linked to Iran, because it is time to resolve the situation according to regional and international balances."⚡ Mnt Goat I did have a conversation with my CBI contact [Wednesday]. This is why I am very excited...I could hardly believe that now the economic experts have finally turned to the mantra. The new mantra is – LETS GO TO FOREX! This was the same tone in my conversation. My contact sounded VERY excited and anticipatory.
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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'm extremely excited because that 3rd reading [of the budget amendment] is basically guaranteed. Why would I say such a thing? Because if they don't do the 3rd reading, 15 days later the budget is exposed. It exposes everything and once it does, then you got to figure out float or basket. Militia Man I don't have to be the first person when the dinar goes. That's fine. When it goes I'm going to be a happy happy man. I'll be a happy family too. There's going to be a bright future. Clare Article: "In London.. Iraq signs new memoranda of understanding with British companies in various fields" Quote: "In the British capital, London, a ceremony was held to sign a number of memoranda of understanding between the Iraqi public and private sectors and a number of British companies and institutions, in a number of fields, in the presence of the Deputy Prime Ministers" Jeff PM Sudani went to the UK Britain to put together a massive trade MOU agreement worth billions of dollars, a very large trade agreement. It definitely will require the rate change in order to implement 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... So, take everything with a grain of salt ... RON Frank26 The HCL, like the budget, those two things will expose the new exchange rate...The HCL and the budget will be the first indicator of the new exchange rate IMO. Pimpy The Grand Faw Port is really important to Iraq. This will allow them to be able to do a lot of trade globally. The ships will just pull right into this port and you'll have a lot of goods coming in and out right at this section of Iraq. This is awesome. The Development Road is really big that allows a mass transportation. They have a railroad that's going to be made right next to it. The same thing, great for global business. You'll have a train that's able to deliver the goods wherever need be there in Iraq. Things are looking up for Iraq. This is great for business. These things will help expand Iraq internationally and help strengthen the Iraqi dinar. Eventually it'll get stronger over time and you'll see the value of the Iraqi dinar increase against the U.S. dollar. Militia Man Article quote: "The Central Bank Tower project in Baghdad and the Grand Faw Port is Basra among the list of the most prominent mega projects in the world for the year 2025." I don't know about you guys but that's pretty big. Anybody out there has a fresh new picture of the Central Bank of Iraq from a distance so you can see that the cranes are down and all that? That'll be pretty exciting for me... MarkZ Question: Do you feel like everything is done in Iraq and we are simply on the ferris wheel? Mark: I believe we have crossed the finish line and are just waiting for the announcement in the winners circle! Clare Article: "Iraqi Parliament Responds to US State Department: Your Interference in Budget is Unacceptable" Quote: "On Wednesday, the US State Department urged the Iraqi parliament to expedite the passage of Iraq's federal budget. 'We have worked with the federal government of Iraq and the Kurdistan Regional Government to reach a permanent budget agreement...' State Department spokesman Matthew Miller said in a press briefing at the department...The Foreign Relations Committee in the Iraqi Parliament responded, on Thursday, to the US State Department’s statements... 'The statements of the US State Department are unacceptable' " Fnu Lnu The budget has been passed. It was read long ago. All they are doing is reading the amendment; therefore. there is no need to read the budget again. There is no significance to them NOT reading the entire budget because it isn't on the table. ONLY the amendment to the budget is on the table which is why they read it twice. This is not a noteworthy event. It is business as usual, as it should be! Frank26 For many years Wells Fargo kept telling you it's a scam. Chase - It's a scam. Why do you think they don't tell you it's a scam anymore? They saw it as a currency on the OFACs list. They saw it as a currency that was of no value. They saw it as a currency from a country that was at war so they told you it was a scam. MarkZ Article: “Iraqi delegation signs memorandum of understanding in London” this again makes Iraq going “International”.
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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: "Parliament postpones its session due to political blocs boycotting the sessions " Quote: "The House of Representatives failed, on Wednesday, once again to hold its regular session due to the boycott of most political blocs of the sessions" Militia Man One of the last things they do before they go international, is to have their banks restructured or really close to being completed. That's their focus. That's part of the process and we're seeing that. It surely looks really powerful. Frank26 Article: "House of Representative completes the second reading of the draft amendment to the budget law." Is that the second reading to the budget? It's actually the 2nd reading to a draft of the amendment of the budget. They didn't read the whole budget. They only read the part they amended, [read] for the second time. That law IMO is all that's needed. You don't have to read it, 15 days later it become law. Mnt Goat Article: “IT CAN BECOME A MAJOR SOURCE OF INCOME IN THE ECONOMY...AL-SUDANI DIRECTS THE MATURATION OF TOURISM PROJECTS” We can see that Al-Sudani is taking on this non-oil revenue sector seriously and will exploit it to overcome the rentier economy (oil based economy) of Iraq. Now you add this to the other non-oil sources of revenues and you have a booming economy for Iraq. WOW! WOW! WOW!. They will soon be filthy rich with little to no debt. They are backing their currency with GOLD too. Oh…their dinar is at what price? A 1/6 of a penny? Really? MarkZ Article: “Coordination Framework: Soon we will vote on amending the budget law” We already had the first 2 readings. This will solve the oil dispute between Baghdad and Erbil. We have seen major progress in the last couple of days. With the budget is a rate potential.
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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 Security, Stability, those are the two words that is the formula in order for us to have a new exchange rate. The CBI floor must be so clean you could eat off of it. The politicians must not have the ability to steal from the auctions anymore...Do they have that ability? No. Are the auctions there? No, all gone...Everything looks good. So what do we need? The exchange rate. Where's the exchange rate? In the budget. Everyone else says it's NOT in the Budget...! Samson Article 1: "Britain: Trade volume with Iraq will increase tenfold" Article 2: "Al-Sudani announces that he will sign a strategic security agreement with Britain" See: Joint statement between Al-Sudani and Starmer: Signing a historic partnership agreement worth 12.3 billion pounds - 1/14/2025 Clare Article: “Saleh: Iraq ranks first in the world in the concentration of natural resources" Quote "The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed...that the country's future will depend on transforming natural resources into productive capital assets, while he indicated that the natural resources renaissance project will come in parallel with the development path strategy"
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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 A lot of people [skeptically/sarcastically] say, well Sudani said the dinar is going to be stronger than the dollar. That's probably going to be true 100%...He warned the citizens...He didn't give a time frame he just said it's going to be [stronger than the dollar]. Frank26 Question: "Is this one still legal? The 50K [note]?" Frank: The 50 dinar note is not legal. Everything else is okie dokie. The 50,000 note is extremely legal. There's even a 100,000 note that will be legal but that will only be used by the Central Bank of Iraq and the GOI. Nader From The Mid East I tell you about three things. Trade, private sector, which it's now very very good. You're going to see a lot of thing about the private sector how good it become and how good they invest into it and the third thing it's Forex. These three things you have to watch. Jeff The government and parliament finished everything they needed to towards revaluing the currency bank as of September 28th. That was their last productive real session of parliament. That's why to you as the investor, Iraq's not getting anything done. They're not doing anything because they already finished everything. What they're doing is, Iraq has a scheduled rate change date. They are working around that date waiting for it to come 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... So, take everything with a grain of salt ... RON Militia Man Article quote: "Iraq achieved a noteworthy diplomatic accomplishment last September when it was formally elected chair of the group 77...held in the United Nations Headquarters in New York. The G77 is the largest intergovernmental organization of developing countries in the United Nations which provides the means to promote their collective economic interest and enhance their joint negotiating capacity on all major international economic issues within the United Nations system." So Iraq is going to go from not even having an international accepted currency to do all this? Really? I don't think so. Walkingstick The monetary reform education is extremely fast. They are now all the way to the point where they are past the basket and talking to the Iraqi citizens about the future of digitization in their country. Digitization of their currency mainly will help at the onset because you cannot introduce too much currency at the start. Not a cashless society at the onset but given time Iraq will be. That is the goal.
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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 Question: "Al-Sudani discusses with the British King establishing a "productive partnership" between Baghdad and London" Article Quote: "Al-Sudani met today, Tuesday, with the King of the United Kingdom, Charles III, at Buckingham Palace in the British capital, London. During the meeting, bilateral cooperation between Iraq and the United Kingdom was reviewed, as well as ways to establish a productive partnership in various economic and development fields" Sandy Ingram There are 6 major projects happening in Iraq that will help to increase the country's GDP and economic status and hopefully the value of the currency...These are the news stories we will be watching closely in 2025. 1. The Development Road Project involves constructing a 1,200 KM network of railways and highways connecting the Grand Faw Port in southern Iraq to the Turkish border in the north. 2. Grand Faw Port aiming to become the largest port in the Middle East. 3. Total Energy's energy projects. 4. Oil and Gas exploration agreements. 5. National Development Plan launched in collaboration with the United Nations Development Program and supported by the United States Agency for International Development (USAID). 6. Housing and Urban Development Projects..15 new cities across the country. Frank26 I strongly believe Sudani and the US Treasury are watching the black market rate and they will consider one of two options. First option would be a basket. I don't think that would be the best route. It can go that way, but I don't know. What's the other option? Float. Yeah, I think floating would be a good idea. Samson Article: "Iraq's missing funds.. Dubai in the circle of accusation: smuggling is still ongoing and Trump is coming" Quote: "Dubai has become the largest point for smuggling Iraqi 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 We have security and stability in order to introduce the new exchange rate that Dr. Shabibi and the US Treasury have been protecting for a long time. There are no more CBI auctions. It is now called... remittance, just like the American banks do. The CBI is now functioning exactly like international banks, exactly like American banks... MarkZ Question: What is your gut feeling Mark? Mark: My gut is screaming sometime between now and Jan 22. Just a guess. Mark, you've been guessing wrong for years..! What makes you think you're even close with this one..? Pimpy Article: "CBI Tower and Grand Faw Port Ranked Among World's To Mega Projects for 2025" There are a couple of mega projects already taking place in Iraq somehow, someway with the currency exchange rate. Congrats to Iraq and their CBI tower and the Grand Faw Port ranked among the top meg projects in 2025. I know the tower is almost completed and the Port of Faw is partially open already. This is moving right along and they did it with a current 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... So, take everything with a grain of salt ... RON Frank26 They told the Iraqi citizens we are in the process of adding a mechanism to add purchasing power to your currency. Sudani constantly kept talking about it in November and December last year - 'I promise I'm going to do it. I promise you'll have more purchasing power than the dollar.' He actually kept his promise because there is no dollars in the country of Iraq. The only currency in Iraq right now is the Iraqi dinar. It has more value than the American dollar that has zero value inside of Iraq, therefore the Iraqi dinar now seeks a door... Jeff In order for parliament to approve those [budget schedules] the rate needs to change first. The fact that they did the second reading on only article 12 of the budget, that's the same as having one tire on your car. It doesn't do Iraq any good. It's basically a pointless useless step. For the budget to work for Iraq, all of the budget amendments need to be approved... Militia Man If you're doubting your investment hang in there because what they're saying is truly something I've never seen in my 15 years of being here and the evidence is not from me and it's not from anybody else on the internet, it's directly from an economist and the central bank. I think it's huge guys. It's exciting times. The stage is set. Frank26 The monetary reform policy has been going through some steps. It has been evolving the policy and they've been using many mechanisms to assure this. Now they're sitting in a position. Sudani, the CBI and the US Treasury have been [very close]. The 8th floor of the CBI building, that whole floor, belongs to the US Treasury. You think they're going to be there because they're going to keep the exchange rate at 1310? Mnt Goat Article: “ECONOMIST: THE CENTRAL BANK’S POLICY IS MOVING TOWARDS GLOBALIZING IRAQI BANKS” Quote: “Safwan Qusay confirmed that the Central Bank’s policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally” also “the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks.” Yes, “providing guarantees and international compliance” is all insurance related. Investors in Iraq need to know that their funds in Iraqi banks will be protected. [Post 1 of 2] Mnt Goat Article quote: “He added that these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world.” What did it just tell us? A million banks around the world? What does this mean to us as investors? We know that...conditions to get back to FOREX that this insurance part is a pillar of the financial reform. Therefore, it is a reform that needed to take place and is now taking place. Also, I want to add that the statement of “changing the Iraqi dinar to any global currency immediately” is an amazing statement...Could this news get any better at this time? Can this be what is holding up the revaluation and the reinstatement? [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... So, take everything with a grain of salt ... RON Ingram At the present time, January 2025 the Central Bank of Iraq has severe limitations on trading the IQD on the markets. We are not sure if the limitations are because of U.S. sanctions, the Islamic faith or both...One of the fundamental tenants of Islamic finance is the prohibition of gharar, or excessive uncertainty and maysir or gambling both of which are deemed detrimental to individual and societal well-being. The foreign exchange market presents a challenging ethical dilemma for Muslims. While forex trading is a legitimate global financial practice, its nature and mechanisms often raise questions...Gambling or maysir, is unequivocally prohibited in Islam. However, some scholars suggest forex trading can be permissible if conducted in a manner that avoids speculation, interest and excessive risk. Jeff Article Quote: 'Enhance integration into the national and global banking markets.' That's why this is waiting for the rate to change. You have to have an internationally convertible recognized currency first, then they can get into the global banking market.
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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: "The House of Representatives completes the second reading of the draft amendment to the budget law" Quote: "The Council of Representatives concluded, in its session today, Monday, the second reading "Report and Discussion" of the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023." Frank26 Everything is moving extremely fast. When we reach this 1,000 to 1 you know how quickly they can lift those three zeros? [Snap] like that. Pushing a button and now you're one to one... float it. Start at 1 to 1 and see where it goes from there. Everything is moving so fast because de-dollarization. Fnu Lnu [Reply to Idiot Bruce's higher contract rate on dinar post on 1-12-2025 - I didn't post it] There is no "contract Rate" except for the people who have pre-2011 Private Purchase Contracts. If you do not have such a contract, you WILL NOT get a contract rate. Contract Rates are not paid by banks but rather by the contractor. This is Dinar Mythology and there exists NO PROOF of any such contract rate. If you want to go into the bank and sound like an idiot, then be my guest. Everyone will get exactly the same rate due to "The Law of One Price". This can be verified. You must ask yourself how you might get a "contract Rate" without a contract? However, the banks may well have varying rates on the exchange fee but that is generally around 2%. Militia Man In my view this reeks of a need to change the exchange rate for the Iraqi dinar or they would have already done it. If they're going to an international state, they should have already done it by now if it was going to stay the same exchange rate...Everybody that's been involved with the dinar should [ask], 'Well they've been at 1310 for a year or more, why haven't you done it yet?' That's because they're looking for an exchange rate change because that's what's going to happen.
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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: "The House of Representatives discusses amending the Unified Retirement Law and the General Budget" Quote: "The Iraqi Council of Representatives is scheduled to resume its sessions today, Sunday, and the first reading of the draft amendment to the Federal Budget Law is on the agenda" Militia Man Article "Explains the new mechanism for external transfers after the platform is closed" Here again we're learning they've changed the dollar auctions to the new reinforcement mechanism. That's why you're hearing people squeaking pretty loudly about pricing going up on the streets because they can't get the dollar. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament just announced the next session will include amending the budget. It's on TV now...Sudani wanted this done by the 6th, no later than the 7th and now they're come out 3 days later saying okay, okay okay we're going to do it. TV keeps going over the parliament plans on amending the investment budget in the next two sessions that are coming. FRANK: If they truly do anything with the budge it will be exposing 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... So, take everything with a grain of salt ... RON Mnt Goat Article: “AL-NUSAIRI: EXPLAINS THE NEW MECHANISM FOR EXTERNAL TRANSFERS AFTER THE PLATFORM IS CLOSED” The best part of the article is the CBI is telling us that this new strategy is normal and is working so far. I Quote: “This means that the Central Bank has achieved a basic objective of monetary policy.” MarkZ Article: ”Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday…it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content...I am being told if the second reading goes well…they will immediately do the third reading…then Boom we will finally have the HCL. *** Midnight Sunday Opinions *** Frank26 I bought dinar at Well Fargo 20 years ago. They stopped because they got wind of what's going on around 2012/2014 but now they don't say that it's a scam anymore because they got wind of the U.S. Treasury's communications with them. Militia Man I try to be calm cool and collected as much as possible because I'll be honest with you, this transition, when it happens is going to be something that everybody's going to have to deal with and it's going to be a shock. Just like the World Bank had said to not just us but they said to the countries of the world, be prepared for shock. They said it in writing that, hey, be prepared for shock and when Iraq does a big move and other currencies are involved markets will be shocked to some degree... Jeff They're bringing the budget off the shelf. I told you the budget would stay on the shelf collecting dust until they're about ready to revalue. From October 8th to now the budget did remain on the shelf collecting a whole bunch of dust. What did I tell you about January? I said January is a very critical month. Keep your eyes on it. They are now talking about pulling the budget off the shelf and getting the budget schedules approved by parliament. Thing are now finally preparing to happen and come forward because they're about ready to revalue the currency. Walkingstick [Iraqi Bank Friend Aki update] They are de-dollarizing the whole Middle East. They are obligated to use IQD only and obligated to have a new exchange rate and currency. Samson Article: "Foreign Policy: Demographic gift will make Iraq a 'global economic power' with Washington's help"
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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 Last week I followed [the parallel black market rate]. On Sunday it was 1310, on Monday it was 1275, on Tuesday it was 1170, Wednesday it was 1160. IMO Sudani is looking for the black market to reach 1,000. When he does, IMO, the game is on. That is the next step ladies and gentlemen. They are watching the illegal black market...the value of the dollar is dropping, thank you CBI for stopping the auctions. We're getting close to the next step. I'd like to know where Frankie Boy is getting these "black market" rates, because I can't find them anywhere. Also,why would the black market offer less than the street rates - it makes no sense. He full of BS... IMHO..! RON Jeff [Passing laws] is not a required step for the rate to change. If they continue their typical pattern and trend where they can't achieve a quorum or they have too many differences and the session of parliament gets rescheduled don't let that be a discouragement. I'm kind of expecting something like that to happen...Either way it does not impact the rate change so don't worry about it. Kaperoni [Question referencing Kaperoni 1-11-2025 post below] "How can they do that and never add value to the Dinar?" A: There are many currencies around the world with weak exchange rates. An increase in the exchange rate is never a random act it's a reflection of a country's success and economic growth. Encouraging Iraq to succeed and prosper is the only way to increase value. Militia Man We've been spot on talking about the dollar auctions going to cease and sure enough they have. I'm thankful that has happened because I know what I own and I'm looking forward to it just like everybody else. Kaperoni (1-11-2025 Repost) Iraq is clearly working to diversify their economy away from oil Independence. They're also diligently focused on investment, rebuilding and integrating their banking system into the global economy. Good signs!
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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 It used to be they would steal the money through the auctions, but now there is no more auctions. The cash cow is dead and the security and stability is blossoming inside of Iraq because of the efforts of Sudani, the United States Treasury and Donald Trump. The black market was another powerful weapon they used to manipulate the exchange rate of the Iraqi currency...The black market rate is dropping. It is dying. The black market does not feed the evil people anymore. Clare Article: "Among them is the Iraqi Elina Habba.. Trump honors his supporters from the leaders of the Arab and Muslim community" Quote "US President-elect Donald Trump is scheduled to meet with leaders of the Arab and Muslim community in the United States and honor them, including the Iraqi Elina Habba, the lawyer who was known for being one of Trump's defenders and one of his most prominent supporters in the elections." Militia Man The 2023, 2024, 2025 budget amendment looks to be on the table. It was supposed to be read on Monday, it looks like it's slated for Sunday. So powerful weekend...It looks pretty promising it really does. Pimpy They continue with all the necessary reforms which is really great for Iraq. Let's hope they continue. What we're looking for is Trump to erase the last of these sanctions maybe in return for something that he needs from al-Sudani. Kaperoni Iraq is clearly working to diversify their economy away from oil Independence. They're also diligently focused on investment, rebuilding and integrating their banking system into the global economy. Good signs! Frank26 The monetary reform of the Iraqi dinar is now entering another step, another stage because the last one is just finished. We were hoping they were going to expose the new rate... Walkingstick [Iraqi bank friend Aki update] AKI: We are just sitting here waiting for the introduction of the new exchange rate that will come from the '25 budget. We wait for the budget laws that will expose the budget and its components and the new rate..
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