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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 it it comes from Mark or Bruce ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI comes out today and says they are prepared soon to show confidence in the dinar and Sudani has ordered opening many areas of the Green Zone...They're trying to show the citizens they have security. They're trying to get us to not only have confidence in them but in the currency they are now saying they're going to give us. FRANK: It just doesn't get any better than this! Nader From The Mid East I think it's going to be on Forex...and that day you'll be International I think they're going to come out with a new currency. But for now they're not saying anything. They're talking about it but they're not showing any improvements. And NOW, we come to more of Mark's daily dose of MarkZ I am hearing some fantastic stuff. If it pans out by tomorrow evening you guys will all know it...That is where I will leave this as I am getting leaned on pretty hard... The news really is solid and I am sorry about being so vague…but I am not sure what I can get away with saying…and I don’t want to risk my own exchange.
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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 it it comes from Mark... RON Sandy Ingram Article: "Iraq estimates 40% of population is aged below 15" The estimated population of Iraq for the years of 2022 is 42 million...reason the government is overly concerned with such a large number of unemployed youth is because they have the time and the motivation to protest. It is a proven fact they can change the face of the Iraq government like they did in 2020 and take over parliament like they did in 2022. Frank26 The only reason why they didn't have the re-institution of their currency was because of Iran. They're not about to raise the value and let them continue to steal. They had to change their whole banking structure. Honestly I didn't think it was going to take all last year. But here we are... Walkingstick This action of Monetary Reform education especially the one [Reference Guru Clare's Article 1-9-2023 ] restores confidence at the speed of light with the citizens. We would advise you, don't quit your job. The reason why is because this is a long process that still has steps to be done. They still have much to do. It's called the float. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Today the US Fed explained more on those 60 banks and those fake airline tickets that they were selling to us. They're saying more than 150 million was being stolen by these banks. They would sell [Buy?] at 1460 then re-sale that to citizens at 1600... FRANK: Animals...! FIREFLY: ...these 60 banks have been busted. Iraq wants to clean up and do what's right so we can reward our citizens but corruption must be dealt with. FRANK: Didn't I say that was the reason why we don't have the monetary reform, because of the corruption of Iran. Margarita I know everyone is excited...But right at the end of yesterdays article [Reference Henig's Post 1-9-2023], they are still coming out with a 20k note. All the article says it is modifying the structure of notes. The 20k would do that I would think. I don't see the words smaller notes...Not to mention [The article] says the singular denomination. It isn't plural. Wouldn't smaller notes be more than one? Mnt Goat Article: "GOVERNOR OF THE CENTRAL BANK CALLED ON MERCHANTS TO DEAL DIRECTLY WITH BANKS" Its about time…the CBI wakes up to another source of the monetary problems plaguing Iraq...This effort will help so much in reducing speculation thus the CBI will be able to control the exchange rate of the dinar. Remember that these street brokers and speculators are not going through the new platform to track corruption either in the exchange of dinars to dollars. So this effort is a win-win for everyone. Pimpy I'm impressed with Al-Sadini. This is not what I was expecting. I was expecting him to be another one of these clones of Maliki and embedded in corruption. So far it doesn't seem that way. Nader From The Mid East Question: "What happens if they changed the currency? What happened to the dinar of their home?"...You know how many Iraqi's hold the Iraqi dinar? If tomorrow they decide to change the currency and they say the old one you have you cannot do anything about it. You just have to throw it away or burn it or use it as toilet paper - you know how many people will be mad? ...So you have dinars, you can exchange them yes. If they go to a small category notes, which for me it's gonna take a while to do that, they're gonna give you some time between 15 to 90 days or six months or whatever they're gonna give to exchange your money. That's all the good stuff, NOW we have Mark's MarkZ One group of sources swear it will happen between Wednesday and Sat of this week. Another one thinks it will happen between the 12th and the 17th…. I am just very confident it will happen this month. MarkZ [Q? : Any news on the dinar rate?] Many rumors and chatter that I am way off on the dinar rate. That the rates may be significantly higher than I have been saying... I hope this is accurate… I don’t know if it’s because the dollar rates are starting to slide in value? I have been hearing other rates but have been asked not to share them. If I get the go-ahead I will share rates. ****
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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 it it comes from Mark... RON Breitling I'm pro dinar. It's a great opportunity. You don't need to go nuts. You don't need to sell the farm or anything like that. But the second that I find out/if I find out that this isn't going to work I have no problems...saying in my view it's over. I will always stay true to you... Nader from the Mid East Something is gonna happen this month. We don't know what it is but something is happening. We cannot say more because I don't like to say something if I'm not sure of it. When I'm sure I'll let you know. Pimpy Still in the news today more talk about the exchange rate of the Iraqi dinar... Clare Article: "Central Bank Governor: The dollar exchange rate crisis is temporary and the monetary situation is at its best" Quote: "...reserves of the Central Bank of Iraq and its arrival to more than 97 billion dollars...The foreign reserves index to money supply in the broad sense is high and reached 81%, which is an indicator that enhances confidence in the Iraqi dinar as a store of value, as well as preserving the value of the national currency by ensuring the stability of the exchange rate as a nominal stabilizer for inflation" Yada Article: "Al-Nusairi: The return of the exchange rate to its target rates will be achieved by revitalizing and stabilizing the economy." Quote: "...the most important thing is sincere and true intentions for change towards the desired economic advancement with an emphasis on supporting the banking sector as the main link first in economics" If I'm not mistaken, this dinar will still float internationally and not just in country. That will move up the price. And NOW, we have MarkZ's latest line of MarkZ There is still great anticipation and I was told "again" last night by one of my most well-connected sources…that the window is open. ...The window is open on the 9th and goes to around the 31st…I am still excited today and hoping for good news...Let’s see if the RV bird can fly in.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Janabi: The Central Bank is able to restore confidence in the Iraqi dinar soon" Quote: "this problem, which confused the state of the Iraqi market, will soon be resolved, and the central bank is able to restore confidence in the value of the Iraqi dinar and adjust technical matters in the near future," Paulette Many try to compare Vietnam and Iraq when evaluating the currency. Most of these comparisons are flawed: "...Vietnam has a very low rate and their economy is one of the fastest growing..." This is a totally irrelevant comparison. The rate is not the issue. The issue is IMF Article 8 Compliance. This allows Freedom of Movement of capital in and out of the country..[Post 1 of 2] Paulette Vietnam has been officially acknowledged to be Article 8 compliant, Iraq has not. Additionally, the CBI has clearly stated their intent to implement the "Delete the Zeros" project. Vietnam has not made any such claims. Bottom line, comparing Iraq and Vietnam due to their low currency value is like comparing Apples to Oranges..[Post 2 of 2] Walkingstick Bands on the float will keep it at 1-to-1 with the American dollar, but when they lift these bands the IQD will float faster and it will gain more than a 1-to-1 with the USD and all the other currencies in the basket. Pairing 1-to-1 at the onset and then as the economy of Iraq improves and grows and the education get stronger and louder and Iraqi citizens get used to using the new currency, then everything will be perfect for the Iraqi citizens.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy The last two months have been very rocky for the IQD only because of all the speculation out there. There's a lot of people that want to keep the Iraqi dinar unstable and they did a pretty good job of rocking the boat. I think people are starting to wake up to this trick or maybe not. We're going to find that out the beginning of this next year...the budget...hopefully approved by February should calm a lot of people's nerves and from there we should see some positive movement with the IQD... Kaperoni Iraq is beginning to create the conditions to launch a float of the Iraqi dinar. Large Central Bank Reserves, creating a private sector economy, all are conditions and requirements for the success of floating...one [Article] specifically talked about the central bank's reserves and how they won't be needed at such a high amount a year or so from now. That's a clear indication that they're not planning to do anything monetary policy wise with the dinar for at least another year. I don't expect a float until 2024 at least... Henig Article: "No agreement with the region.. Expectations to settle the draft budget for 2023" Quote: "Suleiman attributed the reasons for its lack of readiness for discussion and approval, summed up in the fact that it needs to prepare paragraphs, including the region's share, the exchange rate, and infrastructure allocations." Frank26 You can't let your dinars out of your site. You cannot give your dinars to a small bank that will send them to a large bank and have it verified. If they get stolen. If they get lost. If the Brink's truck rolls over and burns up and the dinar are destroyed, they'll give you what you paid for them but they're not going to give you the exchange rate for it. It wasn't converted...God gave you these dinars as a blessing for you to be responsible and stewardship and you're learning how to do 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 ... Especially if it comes from MarkZ... RON Frank26 Question: "So the maximum rate will be $3.44 when we should fold'm?' Don't put me in that position. I can't tell you when to hold'm and when to fold'm...(whoever asked the question is a real jerk - for the question and for the amount quoted. He obviously hasn't paid attention to all that's been going on..!) Kaperoni Launching a float is not a simple event it's based on the economic growth and laws that are in place. Until Iraq creates the conditions, there will be no float. And NOW, for more of MarkZ's rediculous MarkZ I am still hearing they want to keep things very cloudy here at the end for safety reasons. Based on my research (fantasy from his own imagination) and a couple conversations that they are throwing around dates from the 9th to the 31st…they are doing this on purpose. They do not want anyone to know the exact date…for security reasons. They have a wide target range there, and personally I think it should be on the “sooner” side then the “later” side of it.
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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 MarkZ... RON Pimpy You people were told that you cannot exchange your dinar unless you have a humanitarian project. That's false... that's another thing out there that drives me crazy. And NOW for Mark's MarkZ I am getting reports from folks I know …so believe it to be accurate …that a lot of “TEST” transactions are occurring …TEST transfers…to make sure they have everything squared away…A lot of NDA’s are going out along with those…more and more people are now “falling off the grid”. Meaning they will not discuss anything RV related…because they can’t. They are being very upfront saying “Hey NDA…cannot talk about this”. ...I am very excited about the number of people now going under NDA’s , This is not rumors of NDA’s but actual NDA’s regarding the testing process.
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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 coms from Bruce... RON Clare Article: "Parliamentary expectations for the arrival of the federal budget before the start of the second legislative term" Quote: "Parliamentarians expected the federal budget to arrive before the start of the second legislative term, which will start next Monday." Henig Article: "The population of Iraq for the year 2022 amounted to more than 42 million" Quote: "He pointed out that the percentage of the population under the age of (15 years) amounted to (40.5%) ...while the percentage of those of working age (15-64 years) amounted to (56.5%). While the percentage of the elderly (65 years and over) was...(3.1%)... Baghdad governorate constituted the highest percentage...as its population exceeded (9) million people, at a rate of (21.3%) of the total population of Iraq." See DV Article post from 5th: Iraq's Population Exceeds 42 Million Walkingstick The announcement is about timing - concerning the new exchange rate. I wonder if the CBI governor will even make it through that time period...he's got to do his job... Article: "A source reveals behind the scenes of the news that talked about the dismissal of the governor of the Central Bank". Mnt Goat Iraq started the process of joining the WTO 18 years ago...the process was delayed due to corruption in Iraq... due to political and economic instability this was stalled until 2017...Since then, the fast-tracking process is underway...Iraq has made considerable progress in this front...They must be VERY close to full membership...I will say that I believe the WTO is also going to push that Iraq reinstate the IQD back on FOREX and relieve Iraq of all sanctions on their currency... Iraq was supposed to be already reinstated on FOREX, as Dr. Shabib wanted to do back in January 2013. And NOW for Bruce's Bruce We hope that the intel that we're getting now and we've got it from several sources, we've got it from sources with from Wells Fargo, Citibank, we've got it saying that we're going to start these exchanges on Tuesday...And that's what I believe. Neither bank official would divulge any such information "if" they knew anything, which would be very unlikely anyway..! 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 ... Especially if it coms from Bruce... RON Walkingstick the 3-zeros are going to drop gradually as the IQD floats internationally. You will see the exchange rate go from .000 to .00 to .0 to . - that's the float. Kaperoni [Question: "Iraq has 80 trillion dinars idle....Just a question....how can it Reinstate at 1-1 with all of that? That is a huge load of them isnt it?"] ...The latest articles I've seen from the Ministry of Finance indicate Iraq has over 100 trillion dinar in circulation. Even if it was less it's still significantly more than Iraq could ever afford to RV...
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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 coms from Bruce... RON Mnt Goat Article: 'FOR THE FIRST TIME, CENTRAL BANK SALES ARE DEVOID OF FOREIGN REMITTANCES" Quote: "the central bank sold today, during its auction for buying and selling US dollars, 43 million and 500 thousand dollars..." They have told us Iraq needs about 60 million in currency auctions sales a week to meet the demand of the Iraq economy. So this sales is just about where they expect it. Also this time the auctions sold only CASH and no large electronic transfers..[post 1 of 2] Mnt Goat Did they finally get it under control using the new platform installed by the US Treasury? Remember it was going over 200 million most weeks and the difference was being stolen and not part of the economy...To me this is very good news...It matters in stabilizing the monetary system of Iraq. We need this before they will pull the trigger on any reinstatement. When the CBI says they need ‘stability” this is all part of it..[post 2 of 2] Sandy Ingram This is an extremely important lesson and real case study of the Central Bank of Egypt's decision to float the currency. We are sharing this information so you know what to expect, or not expect, should and when Iraq floats their currency...Floating a currency... means the government is no longer controlling the value of the Egyptian pound...For decades the Egyptian currency was pegged...it could only go up or down based upon the fluctuations of the U.S. dollar...Then Egypt needed a loan from the IMF... [Post 1 of 2...stay tuned] Sandy Ingram One of the conditions required Egypt to float their currency...the immediate results were high prices and...a sudden widening of the exchange rate between...the black market and the Central Bank of Egypt's currency rate...The value of the Egyptian pound dropped by nearly 50% last Thursday however in the long term it is hoped...floating the currency will control inflation...Egypt has been running desperately short of foreign currency. Iraq does not have this problem...Iraq foreign currency reserve is now over $96 billion... [Post 2 of 2] Nader From The Mid East The only way for you to be comfortable and say okay it's time or it's close is when you see him change currency. When you see him [CBI] come out with a new currency and stop buying and selling the dinar... Walkingstick Don't think for one moment that the float is going to go into a ridiculous number like $5, $6, or $7. No. Absolutely not...the CBI is in control, not out of control... bands/measures will continue to keep the Iraqi dinar as it floats within a disciplined form... +/- 3% with a predetermined exchange rate as a goal...don't think that it's going to go higher than other Middle Eastern countries.
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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 coms from Bruce... RON Paulette If the new rate does not directly apply to both old and new currency, the CBI will have created a Multi Currency Practice structure in violation of the IMF Article 8. Therefore, the IMF will not be able to authorize a Reinstatement due to Iraq being in violation of Article 8. This would also prevent full ascension to the WTO. Certainly the plan for Iraq cannot be to run their country on USD forever. The underlying fundamentals for holding IQD are sound. The implementation of the "Delete the Zeros" project will tell us just how sound. Militia Man Article: "Iraq achieves the largest purchase of US Treasury bonds in 10 years" Iraq holding US Treasury Bonds doesn't suggest their is an issue with the value of the Dollar or they wouldn't be net buyers. They know what the UST has in foreign reserves.. As in IQD, being one of the largest. All boats rise with the tide, Iraq included.. Walkingstick [Walkingstick's Iraqi Bank partner/friend update] On Monday we [U.S. CBI satellite bank] have site meeting with the CBI. All my employees will be there too...The CBI wants to talk to us. Nader From The Mid East Two things you're gonna see. When they stop selling and buying [dinars] at the banks for a week or two. When you see new very small currency come out - 1, 5, 10, 20 maybe 25, 50, 100. Now you can smile and say "they made it..!" Pimpy The news as usual has to do with the dinar exchange rate. Every day one to two articles about changes to the exchange rate, thought about changes to the exchange rate, Central Bank of Iraq saying there's no change to the exchange rate, Stock exchange playing havoc on the exchange rate, one thing or another is in the news about the exchange rate and this causes a lot of confusion... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Protesters outside of the CBI demanding the dollar go down and strengthen our dinars. This started with around 2 dozen protesters but it's grown to over 100, and now security forces are called in which are standing by. FRANK: This will only last a day. You will have good news very soon. I don't blame the citizens that are protesting at the CBI either. The governor knows he can be fired at any moment. That's why he's going at a faster pace... impossible as it may seem the monetary reform is on solid ground and gaining ground... And NOW, some of Bruce's rediculous nonsense: Bruce [from Tuesday] One of our sources is very close to the Treasury and has strong contacts there and is saying...All should start and roll out over a 30 hour period beginning at noon - Eastern time tomorrow [Wednesday]...So noon tomorrow, Wednesday - Is 6pm Thursday is our 30 hour rollout window for what is going to be in affect...a shotgun start... I know Iraq has done their thing. Hopefully, they have done everything that they needed to do...I think it's ready, We're ready to go. If only this were true, I'd be extatically happy & blessed..For All of US..! 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 ... Especially if it comes from Mark or Ray ... RON Nader From The Mid East In My opinion the country can be fixed - yes. The dinar can goes up yes...[but] people all over the world are holding 70 trillion dinars in their hands. Cash. ...Some of you own 1 million...10 million...50 million...IMO as long as we have too much cash...the dinar is not gonna gain value...Who are these people..? Not that much owned by ordinary people like us - Several countries, Banks maybe, Maliki & his ilk, Globalist millionairs, but I believe the CBI has a pretty good handle on where. Militia Man Article: "International Standards in Banking with the CBI" Quote: "facilitate the movement of banking transactions and trade exchange in accordance with international standards." What is not to like about this? Not only is the USA involved, China is too. Don't forget that China has been added to the IMF SDR basket, first to be added in 50 years. So it is not surprising that China would be involved in some shape of form with Iraq. MarkZ Many articles out showing Iraq is positioned to move into the world scene. Have you ever seen a country move onto the world scene as an economic powerhouse that has a currency worth nothing??? Well there isn’t one. KandG Article: "What is meant by currency float? What are its advantages and disadvantages?" Very interesting to see an article such as this - WHY would you ever talk about a float - to educate the Iraqi citizens maybe? - maybe you have just told on yourself on what you are doing? Clare Article: "In numbers, the central bank reserves increased by 46% of the foreign currency" Quote: "The central bank's reserves amounted to 96 billion US dollars, an annual increase of 46%, and the value of the cash currency exported increased to reach more than 84 trillion Iraqi dinars, an annual increase of 10%. %" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Banks have been open the last two days to sell dollars to citizens. This looks good because they are collecting 3 zero notes! Pimpy There are some games being played with the Iraqi dinar and it looks like Al-Sudani is looking for ways to put a stop to this. I really think it's a cat and mouse game between America and China and Iraq's right in the middle of it. yada [Q? : I wish I could find evidence that the dinar is no longer pegged to the US dollar but I can't. Can anyone help?] The evidence is in front of you. The fluctuation of the dinar and dollar the past 15 days was it. It had never move this much prior to this because it wasnt, it was moving up and down. And going forward, the Float in itself is proof. And now for some of MarkZ's outrageous Nonsense..! MarkZ .....What we are hearing from the banking side of this…I got one great message overnight that simply said “S*** has started”...I am hearing very positive things that the ball has started rolling last night…but, I don’t know what that means for us timing wise…yet. I am getting positive feedback from meetings with no specifics... We didn’t get the smoking gun overnight we hoped for but I am not worried as we are starting to see steady progress. Same BS as yesterday...LOL..!
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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 coms from MarkZ... RON Pimpy I think this [stability of the dinar] is going to be an issue for the first couple of months going into 2023 but after that there should be some stability and then growth for the Iraqi dinar... Frank26 Somebody said, 'How is it that Iraq is going to pay me $3 per dinar? How can they afford that?' First of all they're filthy rich and second of all they don't have to just pay you in Iraqi dinars...In order to belong to the WTO all countries use multiple currencies to pay their bills, to buy things, to trade with... (they are being escorted...to be a WTO member) ...To be a WTO member you must have no restrictions on your currency. None whatsoever. Your currency must be fully convertible. Wow. That is the definition of Article VIII...IMO the IQD is soon to float internationally...but right now it's floating internally and you can see that as the USD exchange rate fluctuates right now... And NOW for Mark's extreme MarkZ ...There is a lot going on. Things are getting exciting right now as we get into the final moments of this thing…the final innings…the final rounds...I am getting a whole lot of chatter that they are expecting us to be fully funded by the 9th right now. (OMG what a crock from the ) I am very nervous when I hear exact dates…so trying to stay grounded...We have been on this roller coaster before so try to stay calm. But it does look so good right now. I am very excited about the days ahead. I hope I am not sitting here next week with egg on my face…But, I really think we are at the end of this thing…. All my sources say it’s very close. Good Night All...! 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 Walkingstick The goal of the CBI is for the Iraqi dinar to leave it's borders and when it leaves its borders ...not let it get out of hand. It will have tight bands/restrictions on it of +/- 3%...until the CBI decides we reached our REER (Real Effective Exchange Rate) of the Iraqi dinar. This goal will be monitored/driven by predetermined measures with a predetermined exchange rate established.
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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 insane reserves the CBI keeps talking about that is what's going to allow the IQD to be asset backed. It's not just oil. It's all of their resourses. That's what makes this currency have so much potential and everybody wants it. It's amazing. Frank26 Question: "If Iraq keeps accumulating reserves why do they need to revalue?" Because the reserves are not a countries currency. The reserves are a combination of many other countries' currencies and assets and gold and whatever. The currency is what needs value not the assets. The assets add value/gives value to that which does not have value. Clare Article: "Central Bank: Hard currency reserves amounted to more than $99 billion" Quote: "The rise in reserves is a positive indicator for the Iraqi government and the central bank for the stability of the exchange rate and the local currency" Nader From The Mid East For now nothing's happening. They keep talking about it but...IMO it's gonna take time. I don't think they're ready. I don't think the budget has a rate in it. Even if it has a rate in it it's gonna go back to 1160. Even if it floats it's not gonna gain values that quick because the currency is too big... Pimpy There's still a lot of stress happening over the exchange rate and it's not what people think. I'm hearing all kinds of rumors out there that people are saying they're fighting over the exchange rate increase to the original rate of $3.22. That's not true. It's not true at all... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The big news is we finally heard news on when the budget will be in parliament... FRANK: That's wonderful news...I believe what Sudani is telling you...The monetary reform is moving very very quickly... FIREFLY: Yes, within 2 weeks it will be inside parliament. FRANK: If they truly stick to the schedule of two weeks then my trifecta might actually happen around that time - a seated/announced government, an announced and open budget for 2023 and a new exchange rate with new small category notes to match it...
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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 [ Q? : Is it going to be possible that the HCL issue is going to be signed in 2023?] I think you're going to have it done within the first 2 months...That is a major major obstacle in our way with the change in 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 Pimpy The 2023 budget is getting ready to be presented to the House of Representatives. What are they worried about? The stability of the economy and currency. That's a problem...Why isn't it stable? We have some very corrupt people who make money off the currency and the country being unstable and these people have very powerful positions within Iraq. A lot of them are politicians, a lot of them are backed by the Iranian mullahs, a lot of them have their own supporters within Iraq... Nader From The Mid East What Iraq is going through is not easy. You have to...go there and see it for yourself...don't be scare, walk to the mosque...find an Iraq guy or lady...ask them yourself, say, 'Hey what do you think about Iraq?' They're going to tell you it's getting worse and worse by the day...it's not getting better. Even with the sales of oil and private sector getting better...but the people have no money. Don't believe people when they say they have stack of money in their homes. No, we don't have them... Mark Article: “Sudani: Exchange Rate Fluctuations and their impact made us stick to the inevitability of economic reform” They talk about needing to push forward quickly with the reforms and can no longer kick the can on this. They will address it by stabilization, rate, and increasing non state related industries. They want to become a juggernaut through trade…and not just oil.
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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 Paulette Article: "Parliamentary agreement on the legislation of the oil and gas law" Quote: "everyone agrees on the oil and gas law, and it will be legislated during the coming period." Huuuuuge ...WE always believed the Kurds would never agree until the last minute...Waiting for it to be legislated. Nader From The Mid East I'm not expecting anything in the budget. I hope something is in it...but for sure something is in it, I don't think so...if you look at the private sector...economy...everything is going well... they're doing good, yes...I'm not saying it's not gonna happen, it's just going to take time...you made an investment, it's a long-term investment...it's going to happen when it's ready... Pimpy Article: "Expert: No Concern About The Stability Of The Dinar With The Presence Of large Reserves Of The Dollar And Gold" Remember I was telling you as they continue to increase their foreign reserve assets and their gold reserves the whole purpose of that was to help stabilize and protect the Iraqi dinar and that's what this economist is talking about... Frank26 Question: "Do you think anything will happen in 2023?" I don't know, I can't predict that but I am leaning more on the fact that they are going to get this thing done this time around.
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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 Iraq is still under sanctions and the powers that be (UN, US, UK/EU, IMF, World Bank) are not interested in allowing Iraq back into the global markets with a track record of corruption and security issues. Security issues means that international companies cannot invest in Iraq. Without the investment factor, little happens...
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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: "What is meant by currency float? What are its advantages and disadvantages?” Quote: "There are millions of traders around the world buying and selling currencies...The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase..."
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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 yada ...The mechanism is in place in and outside of Iraq. The dinar is not pegged to the dollar and for the past 15 days or so, it has been adjusting to home in on pairing with the other currencies in the basket. The people will have to use dinar to make their exchanges on their apps and the rest of the world will be using dinar for their contracts. No more having to convert to dollar to buy/sell, straight dinar/dong, dinar/yuan, dinar/pound, dinar with any other contract they've established.
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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: "After a rapid collapse of the Iranian currency.. the resignation of the head of the Central Bank of Iran" Quote: "Days after the historic collapse of the Iranian currency in the markets, the head of the Central Bank of Iran, Ali Saleh Abadi, resigned from his post..." yada There was an Article about a week ago, basically stating, "the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards." Application of the international standards is the set up for the float to be released internationally. We were told the beginning of December to expect a good Christmas, meaning rate change but this process didn't get started until the 24th. We are seeing this come to us like a freight train with the float first. Walkingstick The Iraqi dinar has not gone up in value for many decades because it was not being respected with its exchange rate. It could very well jump into the Middle East basket at 1460 but that is not the CBI's goal. The goal is to de-dollarize and that is the uncertainty / unknown of these positions of the monetary reform right now. Where are they in the budget? Where are they in the exchange rate? Where are they with the new small category notes? Will the Iraqi dinar go into the basket at a program rate or at least at a 1 to 1 rate with the American dollar? Only time will tell..!! Frank26 Question: "Would $3.44 be where the float starts or would that be where it's capped?" That would be the capping. That would be the Real Effective Exchange Rate...you don't want it to go to far past the other middle eastern countries...Question: "So the maximum rate will be $3.44 when we should 'fold'm'? Don't put me in that position. I can't tell you when to hold'm and when to fold'm... Pimpy I can see there's a whole new wave of new people coming into the investment of the Iraqi dinar. I can tell whenever there's a new wave because I get asked the same questions and when I give the answers and they don't like it it's because they've heard some rumors or heard somebody else's narrative and mine did not line up...everybody's swearing up and down that the Iraqi dinar is going to revalue to $3.22...that's not going to happen..! Militia Man The Ministerial Council of Economies is a new group that has been activated to support Iraq in the process of economic and monetary reforms in the last phase that they are in now...This is a new ministry...it is nothing but phenomenal for the Iraqi citizens and us by extension.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Late January Iraqi citizens have been told they will be able to buy US stocks or any other stock in the world in our market. This screams some type of international. FRANK: That is correct. You will be able to buy currency outside your borders because the international world will be able to buy your currency outside of your borders also. And as it travels outside in a float it will gain value, security and stability. I pray to God they take it up to at least $3.22 maybe even as high as $4.25 but it's up to the agreements they made with Kuwait and the IMF. Keep praying and dreaming Frank - it may get there some day, but not anytime soon.RON Pimpy As in 2022 I would say about 2023...Al-Kazemi got Iraq back on track with reform papers despite all the obstacles and the lack of support. Al-Sudani appears to have the support necessary to continue these reforms. That's what we hope happens. We're going to find out just how much corruption is involved with Al-Sudani here very shortly and we're going to find out if all of a sudden Sadr jumps back on the scene and starts making waves and we go through another wave of protests which is not what we want...My guess is we're going to see a real clear picture about everything the first 3 months going into 2023...
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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 "Do you think all currencies in the basket will go all at once?" No.! Absolutely not. Notice no body talks about the GCR...theres no such thing. It's mathematically impossible... Frank26 Don't give them [Your dinars] to anybody. There are many demons of Satan out there... Ring-a-ding-ding - Hello? 'You got dinars? I tell you what, we belong to a humanitarian project. It's with the United Nations. Oh, yeah it's good people. What we're going to do is give $5 for every dinar. Yeah! Not what the CBI is going to give. So send me your dinars and we'll hold them here in our vault and when it happens we'll take good care of you. Yeah, we're going to send you documents. Yeah, we'll sign a piece of paper saying we have your dinars. You're going to get a lot more than everybody else.' [Post 1 of 2] Frank26 Human greed, gluttony...kicks in because the horns of Satan cause you to think that way. Don't give your dinars to anybody else that is promising you more than what is legal. Any bank can only give you the rate the CBI is a part of. "Oh, but I belong to the humanitarian project and they are going to give me more". How is that possible? You can't get blood out of a turnip...Don't let these people do this to you. They want your dinars... [Post 2 of 2] Clare Article: "The volume of trade exchange between China and the Arab countries amounted to 300 billion dollars” WHAT WE ARE WITNESSING IS HISTORIC!...THAT IS A LOT OF MONEY AND A HUGE "SHIFT" IS TAKING PLACE RIGHT BEFORE OUR EYES! Not much for tonight ... it looks like 2022 went out with a wimper..! Have an Awesome, Fruitful, Peaceful & Prosperous New Year - 2023..!
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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 More news in Iraq that they are stabilizing. Article: “Central Bank continues measures to control the dollar exchange rate” I find it interesting they are issuing a dollar card worth $10,000 dollars …in other words they are not going to charge any spread if you turn in your dinar for a prepaid debit card. Why is this important? It will allow them to take advantage of this manipulated exchange crisis and get more dinar off the street over the next day or two…I think this is their last “hail Mary” to restrict the supply of dinar...just my thoughts..! This is a very interesting turn of events - we shall see if it works soon enough..! HAPPY NEW YEAR - 2023
