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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 The government returned the budget to the finance ministry in order for them to adapt it to a new exchange rate. Our view is the 1310 is something in the past. We believe there's going to be a different change coming...I hope you guys feel like I do. You should be excited... Walkingstick & Frank26 A reinstatement of a currency of a country has never started at a 3+ with its exchange rate. Never...What about Kuwait? ...They reinstated. They put back the rate that they took down...They went back to $3.22. That is a reinstatement. The Iraqi dinar is not doing that. The Iraqi dinar is doing a reinstatement with a re-denomination. That is a completely different story. Kuwait was an RI. Iraq is an RD plus an RI. Kuwait could come out at its original exchange rate of $3+ but Iraq's monetary reform is a completely different matter. Iraq is a re-denomination that leads to a reinstatement of a new currency, for example the new small category notes. Clare Article: "Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs" Quote: "the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by linking the price of the dinar to the dollar immediately and not at fixed prices." Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are telling us on TV that the dinar is recovering and once again it will be strong. This is their words to us...that it will be strong and stable and they are saying our gas will burn off from our oil will be our energy source and GE is talking about the big deal that they just signed here. FRANK: The monetary reform cannot exist without electricity. You can't get the information to the citizens, you can't do the transfers, you can't do anything...
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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 Currency Mayhem - IQD from USD to CNY. Article: "Iraq, short on dollars, moves to purchases with Chinese yuan" To compensate for a foreign currency shortage Iraq Central Bank said the country would soon trade with China directly in Yuan...This happened ...because the Iraqi Parliament approved a currency revaluation in response to a shortage of U.S. dollars... The Federal Reserve Bank pulled back on U.S. currency in Iraq because it was proven that US dollars were flowing freely into Iran and Syria..[Post 1 of 2 Repost] Sandy Ingram This is the first time imports from China will be paid for in Yuan. Before now all imports were paid for in U.S. dollars. The Central Bank of Iraq said this move could boost the balances in Iraqi banks that have accounts with Chinese banks. It would also boost local bank balances through the central bank's U.S. dollar reserve accounts with JP Morgan...It would work something like this. The Iraqi bank would convert U.S. dollars to Yuan and pay invoices in China [Post 2 of 2] Deepwoodz Question: "an Article says the budget will reach the house this week, so does that mean the COM agreed on everything to send it to the goi?" I think yes...The COM is Sudani’s selected government whom Parliament gave a vote of confidence for. Between them and the PM, they are carrying out what they’ve been calling the government program. It’s supposed to be why they achieved the approval of Parliament in their beginning. I believe that this budget, like everything else it seems since Sudani came on scene, will pass scrutiny rather quickly. As it should be reflective of all the promises they made in order to gain power. Pimpy Q? : Does the future look bright for Iraq? Yes, as long as they start getting their **** together and their government starts doing the right things necessary like providing funding for infrastructure and helping with education that helps contribute to the currency exchange rate. Frank26 Article: "Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs" Quote: "the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by linking the price of the dinar to the dollar immediately and not at fixed prices." ...THIS IS EXPLAINING & TALKING ABOUT THE INTERNATIONAL FLOAT OF THE IQD THAT IS ABOUT TO START.
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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 conclusion of the dialogues of the Iraqi delegation in the United States of America, related to the dollar crisis are completed. In a way this visit was different from all previous delegations that visited Washington. We are being told today in an article that the results of this negotiation were more than positive, and there was a very big surprise coming... MarkZ Question: Its Ramadan again…will this delay the RV? Answer: I was always told that they would love to do it over Ramadan. This is an enormous celebration for them. Most families are together for Ramadan…. I was told if they had their pick of any time of year to do it…they would pick Ramadan.
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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 Breitling It's black and white. Iraq picked the right guys. They picked us. They're going to stay with us. They're not going to go with the BRICS. They're not going with Asia. They're not going to go with the EU. They're going to stay with the biggest massive system in the world where they can get capital. And if they need to raise money through the IMF...they're going to stay with those guys because Europe doesn't have any money to lend out. China doesn't have any money to lend out and if they do lend it out it's not worth the risk for them...That is different than what the articles are saying. Militia Man It's been 20 years they've had this process going and now they're finally getting to that change. If we can't see it now we probably never will but at this stage of the game I'm a believer that they are telling us and they did tell us there's no going back. This process is underway. Frank26 Articles: "Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies" DIVERSIFICATION BETWEEN CURRENCIES...BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES... THIS IS CURRENCY REFORM EDUCATION! ...this is explaining the external float to the Iraqi citizens... Pimpy With a strong economy and the gold reserves are up and the foreign currency reserves are up there's no reason for Iraq not to have a stronger exchange rate once you can start providing more jobs and you start redoing infrastructure but it's not going to happen overnight. You're not going to see no presto huge jump in the exchange rate. No. It's going to go up in increments...That is And NOW, for Mark's exaggerated opinions MarkZ In Iraq...They are...talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week. The chatter on the street is indeed is 1 to 1 and then a float… PAY ATTENTION BECAUSE THIS IS IMPORTANT... I do not think this is what we are going to see over here. [post 2 of 2] Mark, whatever value the IQD will be in Iraq, it will be the same everywhere. And the chatter you're hearing is from your imaginary streets, or from Bruce & RayRen. In Iraq they have no idea what it will be, much less 1-to-1..! MarkZ I am still hearing (from whom) it’s going to be a complete reinstatement or revaluation...(now you're really stretching the BS)…perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level…we shall see. But that is the chatter (from where & whom) and its been overwhelming over the last few hours out of Iraq...Based on the news from Iraq…I hope our exchanges will start sometime this upcoming week…Its looking good and the chatter is overwhelmingly good...This is extremely exciting. [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 Samson Article: "An economist expects a third package from the central bank to reduce the dollar". THIRD PACKAGE OF DECISIONS - POWERFUL. Sandy Ingram CBI announced Iraq will do business with China using the Chinese currency...this is an attempt, the Central Bank of Iraq is saying, to stabilize or help stabilize the IQD. Frank26 What is the rate that they will leave their borders and be done with the internal float? 1 to 1 IMO. How long will it float externally into the markets in the currency reform? I don't know. 'I don't care.' Why? 'I only have a million dinar.' Oh. 'I care'Why?'I have a lot of dinars.' For those of you that have a lot of dinars that are going to be paying attention to this next phase - It will be well managed and well controlled in the float...
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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 The National Investment Commission...saying they're going to adopt the Iraqi dinar in paying dues for housing... They're getting rid of the MCPs (multi-currency practices). They are going to be paying dues/rents in dinar. This is the governmental process coming into play...The banking system has gone digital. They've gone to the new Swift system now the government is going and interconnecting with the new system...they're going to be in...the dinar. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani again is telling Iraqi citizens to hold on to their dinars. They are talking about how we will lose money if we don't. And that the dinar will gain value. FRANK: Sudani again this week comes out and tells the Iraqi citizens hold onto your dinars, don't be trading them in for foreign currency/for American dollars...If it was not happening the way we think it's happening they sure as heck wouldn't tell them that...That is the most powerful, significant thing that is happening right now. Sudani and the governor of the CBI telling the Iraqi citizens don't let go of your 3 zero notes, you're going to be trading them in at a different rate of 1 to 1... Walkingstick & Frank26 When it floats internationally, the Iraqi dinar will be listed as an emerging or transitioning economy in the international marketplace...This is part of the monetary reform... Pimpy I got people out there telling me, 'No Pimpy man they got an in-country rate versus an out-country rate.' No they don't. I told you guys I don't know how many times, that doesn't make any sense. Do you understand if they had a different exchange rate compared to what the rest of the world has, the type of black market that would be created because of the 2 different rate changes? Does not make sense to you? [Post 1of3] Pimpy Let's pretend that in fact there is an in-country rate versus the rest of the world. Let's say everybody outside of Iraq gets a rate of 1300...and the people on the inside of Iraq get 1000 dinars... Here's the problem - Why wouldn't I just have people outside of Iraq buy my Iraqi dinars for more and smuggle it to me in county? Because then for every dollar I'm getting an additional 300 dinars for every dollar...Does that make sense to you? [Post 2of3] Pimpy Think about it...what ends up happening is you create a black market. Whether the exchange rate is better in-country or out of the country you're sill going to have people buying dinars, selling them on the opposite side just so they can make more money. That's why you won't have an in-country rate...use a little common sense. That doesn't make any sense whatsoever. None whatsoever. There is NO 'in-country rate'..! [Post 3of3]
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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 & Frank26 They are explaining to the citizens all the details of the currency reform. This is the CBI's 2nd stage...it is the how, when, why and where of the 2nd stage of the currency reform...The currency reform will introduce the new exchange rate and the new small category notes. Hopefully...but no guarantees..! Frank26 The 2 questions that are constantly being asked of me - What is the date? What is the rate? ...the rate in the articles - they're going to float the dinar. They make it very plain and simple that their goal is to try to be at least 1 to 1 with the Iraqi dinar when they float...the rate right now is 1300 maybe soon it'll be 1190, maybe 1000 to 1... Frankie, no one has made it clear that their goal is to be at least 1-to-1 at any time. This has been your hypothesis, and that of many others; however, the CBI has made NO SUCH CLAIM...so quit the BS that this is a stated, or known fact. NO ONE knows what the rate will be - everything is pure speculation...! RON Clare Article: "Historic collapse.. The Iranian currency records 5 million per 100 dollars" Quote: "The decline of the Iranian currency comes despite the recent steps taken by the regime, including the appointment of Muhammad Reza Farzin as the new governor of the Central Bank on December 30, 2022...the riyal was trading at 315,000 riyals to the dollar when anti-government protests erupted in mid-September." Samson Article: "Parliament hosts the governor of the Central Bank of Iraq to discuss "the status of the dollar". EXCHANGE RATE ON THE TABLE AGAIN. Let's hope they come up with a viable figure that the CBI & the IMF will go along with...RON And NOW for some of Mark's infamous MarkZ I have a contact with a banking story…they said their bank (a major bank) drive through was closed…the ATM was down for work…they had a conversation with a long time banking contact there who said they were updating and changing their drive throughs and ATMs for our new currency...huge news in my book...Its getting harder and harder to hide this from the rank and file workers…they know they are getting new equipment…Some of this new equipment is to verify foreign currency so they can exchange them…they are keeping this so compartmentalized in the banking sector…they know something huge is happening…If they were told...that many foreign currencies will soon be worth a lot…how many of these employees would still be around in the future? So they try to keep them in the dark... What a crock of crap..! There are NO ATM's that will change foreign currency notes, anywhere...! Here in the USA you will have to deal with a teller at best, but most likely a private banker or some level of manager/supervisor. Where Mark pulls this garbage from amazes me. RON That's all there is for today folks. Blessings..!
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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: "PARLIAMENTARY ENERGY: THE OIL AND GAS LAW WILL PASS THIS SESSION AND WE ARE WAITING FOR IT TO ARRIVE" Draft oil and gas law...the Parliamentary Oil, Gas and Natural Resources Committee called on the government to send the final version of the draft oil and gas law, affirming its intention to proceed with enacting the law. FINALLY..! Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say the new mechanism will be implemented in coming days to change the dollar exchange rate and to make the dinar more stable...we don't know the change. In the coming days we expect it to be like 1190 but that's just our guess. It could be better with this mechanism. FRANK: Yeah! It could be 1000...because that's the prefect position. MarkZ Question: What is HCL? Answer: Hydrocarbon Law. Its basically how they set up the profit sharing…for all the regions in Iraq...Including the Kurdish region. How they will spread the wealth around the country from all the revenue of precious metals, oik, natural gas etc…
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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 currency reform education contains the new currency itself, the new exchange rate, the new coins that will be coming out, the new small category notes...and the coexisting of the large denominations they have right now. It will also include the information about the private satellite banks... Pimpy There's some interactions between Iraq and Interpol I find interesting. Article: "Interpol reveals details of Iraqi money recovery" 182 people they've caught...that's a lot of people...BUT, when are they going to get to Maliki, and throw his butt in prison.RON MarkZ There is more news from Iraq that their budget is going in this weekend. About the HCL law…they believe the entire framework will be completed and agreed upon before the budget hits parliament. This is extremely positive news out of Iraq. The HCL or Hydrocarbon law was one of those things we were told to look for before the RV. [Quote:When we see the HCL passed…its showtime!!!] I agree..! Frank26 Article: "The Central Bank announces the second package of facilities to obtain foreign currency" THIS IS THE START OF THE 'CURRENCY REFORM' EXPLAINING THE HOW, WHEN & WHY OF THE SECOND STAGE LEADING TO A RD FOR A RI.
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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 Breitling They're not going to announce that they're going to revalue. But that doesn't mean they can't say, 'We're going to adjust the exchange rate.' They say that all the time. Militia Man Changing from the dollar to the dinar in real estate is going to be a a big thing because multi-currency practices are going to be gone. They're making it so that people have to use the dinar. Whether that's in real estate, whether that's in commercial business, the dinar is going to be the main focus... MarkZ Article: “Iraq Pivots to Yuan for China Imports in defense of its own currency” This is Bloomberg. This is worldwide news now… Article: ”Iraqi Central banks to drop dollar for Yuan in trade with China” They are being up front with what they are doing so they can reinstate or revalue their currency. This is happening. Pimpy Inflation, unemployment, demand, political stability, supply, future prospects...all play a part in the currency exchange rate. Is inflation down? They're saying it was at double digits last couple years although every time I look at it it's in single digits. Unemployment is not under check ...Demand for the currency? There is none. People want the dollar. That's why the market rate is so much different than the official rate. Political stability? No. We just watched Iraq go through an entire year of bickering about who is going to run the government. Supply? They have nothing to offer the outside world, not yet, but they definitely need a lot of things in country. Future Prospects? ...over 65% of the people in Iraq over the next couple years will be of working age. That's perfect..! Frank26 [Iraq boots-on-the-ground report] FIREFLY: Channel One...the foreign minister on the news is talking about the dollar exchange rate will continue to go downward until it reaches stability point. They're saying that Iraq working with the USA on a mechanism ...to strengthen the dinar. FRANK: They are using that 2nd stage, 2nd mechanism, 2nd Article, whatever you want to call it, in order to bring down the exchange rate against the American dollar. [NOTE: Remember the dollar going downward vs the dinar is good for dinar holders.] Walkingstick & Frank26 The last CBI meetings said that within the next week or so they will start to introduce the currency reform...What is the currency reform? ...[It] removes any restrictions that is preventing a currency from being implemented. There is no stopping the re-denomination that is entering the reinstatement of the Iraqi dinar. The restrictions on the currency through the program rates are now being removed...That's why you see so many exchange places being shut down right now because the currency reform is taking place. Nader From The Mid East If it [The dinar] goes viral you'll see the bank will sell it and you will change it to wherever you are in any state...Florida...New York..Long Island, California...Arizona, Texas, Georgia, wherever. The bank would accept it. You're not going to have to travel anywhere. Pimpy Once Iraq enrolls into the World Trade Organization it opens up big doors for Iraq to do international business. This also guarantees Iraq is able to do international business. This organization will facilitate Iraq exports and make sure this gets done...this is a great thing for Iraq who is rebuilding, who is an emerging market... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The street rates are slowly coming down now...the official rate is 1320 but the street rate it's getting around 1550. That's down from 1750... All the meetings that Iraq has had with the USA feds and treasury was things that were needed to be done by Iraqi merchants to help lower the dollar rate. It was a success they're telling us... FRANK: 1190 is next. I really do think so. I'm pushing for 1000. That's what I want because then the 3 zeros could be easily lifted up
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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 Militiaman 2023 budget which is scheduled possibly for as early as Thursday. It's coming together because they're [HCL, budget, etc] all exchange rate oriented. If they're on the Swift system and they have calculated a new exchange rate and that needs to be put into the spreadsheet to populate it to get to facilitate/get this going - it's possible that could be happening in a very short period of time...everything to me is powerful. I'm very excited. Pimpy Obviously the currency exchange rate is on the minds of the people from Iraq as well as the United States and they're saying that they're putting 'mechanisms' in there and that people in Iraq will feel the difference in the near future. If they're not doing it now then they're going to do it later on in the very near future most likely by the time the next budget comes out. Frank26 Article: "The Chairman of the Investment Authority directs the adoption of the dinar in the payment of dues for housing projects" EVERYTHING IN IRAQ IS NOW DONE IN DINARS ONLY, FOR THE MONETARY REFORM! Samson Article: "The Investment Authority directs the adoption of the Iraqi dinar in the payment of dues for housing projects". Ready for Adjustment to come. MarkZ The news from Iraq has just been awesome…Article: ”The central bank of Iraq announces the second package of facilities to obtain foreign currency” What they are doing is making certain that exchanges are all done through official channels and the de-dollarization continues...They are making their system 100% prepared...It appears that everything is in place to change the value of the dinar substantially. Pimpy There's no doubt there's all kinds of activity happening over there in Iraq...the focus has been on Iraq, their politics, their banking system, the exchange rate and that talk still continues today. It's exciting because we haven't seen so much chatter about the Iraqi dinar exchange rate... Frank26 This week that we're in right now is really going to set the stage. If we see the budget law passed, oh my goodness! If we see HCL actually announced and being locked into the accounts at the banks, oh my goodness. If we see 1300 to to 1190 or 1000, oh my gosh... Mnt Goat The news from Iraq this period is all very good and moving in the direction that we could possibly see the reinstatement soon. I do not have a date sorry! All these efforts they are now taking for electronic banking, Point of Sale, electric grid, 2023 budget, etc. projects are all part of the equation leading Iraq’s monetary system to where it needs to go... just relax and let the process work its way through...
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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 The more I read about what's going on with Iraq it really does look like they're doing what they can to build up the value of the exchange rate for the Iraqi dinar. Now that doesn't mean they're going to jump up to any major value right at first. I still believe they're going to up in increments but either way for us it's good news... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The budget is ready. But with the newer rates, the budget was pulled back for recalculating and will be ready in a couple of weeks...then it will go to parliament. They tell us all of this on television... MarkZ We had tremendous stuff from Iraq this morning…This is a day to day situation. That each day they are attempting to flip that switch. I believe this is accurate. I know it has gotten old…but I think we are as close as you think we are. I know the inevitability…I know we get to cross the finish line...We heard so much good news from Iraq...We know its happening…its underway…we just do not know the exact date. Walkingstick They will continue to talk to the citizens about the monetary reform. They talk to them all the time and they are now talking about the 2nd stage of the monetary reform where they will include the currency reform education. This is completely different. It is not the monetary reform and it is not the economic reform, it is the currency reform that is allowing this to float inside of the country and then outside. This is exactly what they are talking about now everything else does not matter...only currency reform education.
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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 Mark Iraq is still saying that their budget goes next week. My understanding is that before the budget gets introduced to parliament…the HCL will be done. So we know we are in a short window for Iraq to make a move. Frank26 New keyword 'currency reform'. You went through the monetary reform. You are going through the economic reform. The Iraqi citizens are going through the 'currency reform'. Notice I said you are going through the economic reform. The fact that you purchased Iraqi dinar is going to help their economy. But the citizens of Iraq will have purchasing power through a new mechanism in 2nd stage that will allow them to have a new exchange rate when the dinar starts to floats. Samson Article: "The Foreign Minister reveals the details of Washington 's visit: There are no American conditions, and the currency will soon stabilize" IMMINENT STABILIZATION OF THE EXCHANGE RATE.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Henig Article: "Revival of hanging gardens in Iraq" Quote: "The Central Bank of Iraq is witnessing in the design of its new building hanging gardens that bring to mind...one of the seven historical wonders of the world...the implementation of the first listed hanging gardens in Iraq, which will decorate the roof of the base of the new central bank building..." These cats are positioning themselves for a new Renaissance. Paulette Baghdad is finally in the driver's seat. Let's hope the Coordinating Framework turns out to be the good guys. We are at a time that nobody truly knows who is good or bad in this world...My biggest question is will Nouri al-Maliki turn out to be good, bad or flipped? If I knew the answer, I would have a better understanding of where the RI process currently lies... Pimpy I can tell when I'm speaking to people that they're confusing what the exchange rates are. There are different types of exchange rates...One is the official rate, which is 1300 dinars for every dollar. The other one is the market rate, which is 1460 dinars for every dollar...the market rate, which is like the black market rate, is what people are willing to pay for the US dollar. They're willing to exchange 1460 dinars for every dollar. In other words they will pay you more to get their hands on the US dollar...this is causing a problem. [Post 1 of 2] Pimpy You're looking at a 160 dinar difference between the two rates which is equivalent to 11 cents. That doesn't sound like much but it does add up quickly. If you had $1 million dollars and you want to go buy the Iraqi dinar on the black market at 1460 dinars...you would get 1 billion 460 million dinars...You would take it into the bank and sell it to them for 1300 dinars for every $1 and you would make a profit of 160 million dinars...$109,594...of course it's illegal to do that but there are people out there who do it for you. [Post 2 of 2] Nader From The Mid East If you talk about the private sector look at it a year ago and look at it now. It's gone 60%-70% better. Pimpy We know the budget has been put forward and they're supposed to be voting on it. I made a suggestion that it appeared they might make another exchange rate change before the budget is released 100%. I said once the budget has been voted on then we're stuck with the exchange rate at least for a year unless they want to amend the budget which is a pain in the butt to do. Until that budget law has been passed keep your fingers crossed. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI governor is on News Station One saying the CBI is determined to stabilize the exchange rate and the next phase is coming. They're calling it the 2nd Stage Phase. FRANK: The 2nd Stage/Phase of the monetary reform IMO is to reveal a new exchange rate and your new small category note to you as Iraqi citizens. FIREFLY: It's all the talk in the streets. We're expecting that soon.
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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 2023 budget...we've been waiting for this to happen...they've been pushing it out...for months. They're going to have it on the table as early as Tuesday...potentially to the parliament by Wednesday/Thursday. We all believe you need to have an exchange rate for that to happen. Will they expose that exchange rate that's going to be to the budget by the CBI prior to giving it to the Council of Ministers or parliament? We should be looking for that... Frank26 Oil is not the only asset to back the IQD's monetary reform. This country is amazingly wealthy beyond compare. There ain't no country going to be able to touch Iraq once it gets going. You know that cartoon character that has his feet running but he's up off the ground and he touches the ground and boom he takes off? That is what Iraq is like. Oil is not the only asset. They have so many assets and that's why the whole world is pouring in to capitalize on these assets. CharlieOK Articles are out there stating that Baghdad and Kurdistan are close to negotiating the HCL. This is good news. There will be...no publicized public budget or rv without Baghdad and Kurdistan agreeing on the HCL... Let's hope this gets behind us pronto. Clare Article: "The power of speculators and currency traders is delaying the government's measures to implement the new exchange rate" Quote: "...despite the government's good decision regarding the exchange rate, which to some extent stopped its rapid and continuous rise, its implementation procedures are still slow."
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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 Article: "We agree with Washington on the dollar and the results will appear in the markets" Some interesting choice words that were used in here. I don't want to make a big deal out of it but it is definitely something to think about. We know Washington and Iraq have come up with agreements to do something about the exchange rate. Keep in mind this is after the current exchange rate was already announced to the world. So whatever agreement they got coming up here sure sounds like another exchange rate change coming in the future. [Post 1 of 2] Pimpy Quote: "There is a new mechanism that will contribute to the stability of the exchange rate in the market in the coming days and at the official rate." Again, stay grounded...But the fact that they're talking about mechanisms to help with the exchange rate - we don't know what that is. What exactly are these mechanisms? What are they doing to stabilize the currency? I'm curious what's going to happen here. Now I am feeling a little optimistic because everyone thinks I'm such a naysayer but that's not the case. I keep telling people they're going to go up in increments. [Post 2 of 2] MarkZ Today Iraq has announced that they now have digital control over the flow of their money so it is possible…Very, very possible they can make it happen in this short of time frame. It is well within the window we have been expecting.
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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: "A new record... Iraq's hard currency reserves amount to $115 billion" Quote: "Saleh said...Iraq's reserves of foreign currency amounted to 115 billion dollars, which is the largest in its history" Sandy Ingram Article: "The most mysterious..What did the Iraqi delegation achieve in its visit to Washington?" There was more about the meeting than the mainstream US press was revealing...there as a media silence surrounding the visit. The visit lasted 6 days...this is what we do know. 1. Daily auctions are a thing 0f the past. 2...Redirecting the Iraqi energy sector away from Iran. 3...Accusations against the Iraqi banking sector that allowed the Iranian regime to evade western sanctions. 4...Money laundering...[Post 1 of 2] Sandy Ingram We do know there is a high level of expectation of certain tasks being completed by the Iraqi government in a short period of time. We also know the delegation believed they could persuade the US Administration to postpone the restrictions imposed by the US Federal Reserve Bank on dollar transfers to Iraq. Yeah, that didn't happen...the article said the recommendations for the Iraqi delegations to follow what is described as media silence and not to reveal the scenes of what was discussed behind closed doors...[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 MarkZ In Iraq: Article: “The government to (Baghdad Today) We agreed with Washington on the dollar and the results will appear in the markets” They feel like they now have everything under control and this means we can indeed start moving forward. See Candykisses' post from this morning. RON Pimpy How the exchange rate is going to take place is not the way other people are saying it. It's going to happen one of two ways...It's going to go up in increments...the dinar was at 1450 dinars for every 1 dollar and they kept mentioning they were going to change the exchange rate. Everybody was...saying, 'Oh, it's going to be over a $1 for every dinar.' I was like, no, it's not. It's going to be a small increase. They went to 1300 dinars for every dollar. That's how they're going to to it, in small increments. [Post 1 of 2] Pimpy Now having said that, there's a good chance it might go up maybe one more time...they have not put out their budget yet and there's a good chance we might see another small increase. Really depends on how the 1300 dinars is affecting the economy... they're still focused on the exchange rate...even after they make the change to 1300 for every dollar. I'm curious to see what happens once the budget goes out...because then we know whatever rate it is...unless they intend to make an amendment to the budget. [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 Pimpy We're still waiting on the budget because the budget will tell us a whole lot more. Frank26 I'm not looking for a rate. I'm not looking for a date. I'm looking for a reason for it not to happen. I can't find it. A leader doesn't just give you everything's positive, I give you the bad things as well. I'm looking for it and I can't find it. Deepwoodz IMO With Joe Biden and Sudani of Iraq working together, Iraq's monetary reform is moving pretty fast now! Dollars drying up, the dinar is Iraq's next 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 Pimpy Iraq's foreign currency assets got above $90 billion dollars which is good for Iraq. Plus they increased their holdings in gold. Unlike Vietnam who had to use all of their foreign currency assets, while most of them, just to try to keep their currency exchange stabilized. That's what you don't want to happen to Iraq. They just announced $115 Billion..RON Militia Man The historic event was the meetings in Washington DC. They were all about economics...the exchange rate...reforms...Iraq moving to a private sector and all of those meetings were successful. Everybody's in agreement...all those things happened and they happened 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... So, take everything with a grain of salt .... Especially if it comes from Mark.... RON Pimpy Iraq is going to have to know how much currency is out there in circulation...the last thing you want to do is increase the rate of the dinar and turn around and enrich a terrorist group...If they're going to do a huge rate change, I'm more than positive you're going to see the redenomination of the Iraqi dinar because it wouldn't make sense to turn around and enrich those very enemies that you're trying to fight against. Sandy Ingram The IQD rate still does not show 1300 IQD to 1 US dollar. We are not sure if the 1300 IQD rate is in effect. However, a rate of 1310 IQD to 1 US dollar shows up on the Central Bank of Iraq's website... MarkZ From our own US Dept. of State at State.gov…. Statement: “Joint statement on the US-Iraq higher coordinating committee” this is the official statement on the meetings in DC…frameworks, investments etc…We are being told from people within those meetings, or close to those meetings, that more than that was accomplished. Things like new rates that we can expect soon and what we can also expect as to timing…I do not know what that timing is yet but hoping it will leak… It's amazing that Mark has someone just about everywhere to give him special insight or information on what goes on at these high-level secret meetings..! 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 Mnt Goat Beginning of the White Paper reforms for Iraq ...The Wealth Transfer is coming… yes it is in progress. Weeks ago the IQD was taken off the sole peg to the US dollar. Surprise, surprise…!!! ...This was done while implementing the US Treasury electronic platform. The reason for the platform was not just to curb corruption but also for Iraq to get off the US dollar. Yes, finally ditch the dollar. ...Like many changes this will take time to adjust... Then Al-Alaq implemented quickly yet another step to the process including the lock-down of an official rate of the IQD. Frank26 The second phase is dealing with corruption, but the second phase is actually to introduce the new small category notes and the new exchange rate IMO...
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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 Will there be an increase in the Iraqi dinar? I hope so. Whether it be a big one where the Iraqi dinar is actually exchanging with more value than the U.S. dollar, I don't think so. I could be wrong but I don't think so... Walkingstick They are pressing forward the new exchange rate...because everything waits for the new exchange rate - the banks, money exchangers, the budget, you name it, they all wait for the same thing - the new exchange rate. Frank26 I'm telling you, they've launched the 2nd stage. Don't pay attention to the budget being launched/released coming out with the new rate. It doesn't matter. It is going to gradually float. MarkZ Positive news from Iraq is that the CBI could pull the trigger at anytime…and they do love their 3 day weekends. The government shut everything down there for a national holiday on Thursday …then off on Friday and Saturday which is their normal weekend. We have heard that the budget is moving forward and was submitted…this is positive…
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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 It looks like Iraq is going to be working with Interpol. If they catch anybody do money laundering or smuggling a currency to go ahead and turn them over because it's a really important step in fixing everything that's wrong over there in Iraq. Mnt Goat I am being told by my CBI contact that the CBI has about two weeks to prove they can withstand a rate of 1000 dinars to the US dollar... they will evaluate the situation and decide a “Go” or “No Go” to 1:1. ...we could very possibly see a rate of about 1 dinar to 1 dollar (1:1) in two weeks from now but I really do not think it will happen that soon. This is their goal in Iraq anyhow... Yes, I said 1:1 “in Iraq” as I have told you all along that the rate you will see in your country outside of Iraq may be much higher......This is amazing 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 Nader From The Mid East Since last Saturday the police and man of law been running the streets in Baghdad and markets of Baghdad...you see a lot of cash in the streets. Everybody sells cash on the streets and everybody sells dinar and dollar...the government is cleaning up. They want to take all that out. They don't want nobody else besides the banks or the exchange offices to sell dinars or dollars or any kind of money. That's a good thing...if they are doing that they are doing it for a reason...that's going to take a couple weeks...maybe a month to clean up all that money in the streets. Mnt Goat Article: "PARLIAMENTARY WEALTH: ALL ROADS ARE OPEN TO PASSING THE OIL LAW IN PARLIAMENT" This article is music to me when I read it… Yes we [have been] waiting so long to see this. Finally!!! Go RV! Mark's BS about VietNam MarkZ ...hearing positive things from Vietnam... Keep in mind that we don’t hear as much from them…but they are prepared for an increased value on their currency. We have seen documentation from our state Dept. that Vietnam needs to increase the value of their currency…they are way undervalued...they are ready to go… [Dong Rate?] I still believe it could be around $2.25 or so…but banking contacts think that is low and it could be higher. There is always the chance that Iraq could go alone…they have approvals for that. But all my contacts in Asia and Asian banking believe that Vietnam is positioned and ready and will go at the same time... I feel very confident in these two currencies
