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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 ...I have to come on an clarify the false rumors...about the IQD backside trading that is taking place. Read my lips- THERE IS NO BACKSIDE, BACKDOOR OR ??? trading being conducted on the IQD. If you want to buy it you can go to the Iraqi Stock Exchange (ISX) and the rate is the official rate minus the trading of demand curve for the day... So ... Thursday the ISX dinar sales closed at 1309 (not $3.09) dinars per one US dollar compared to the CBI official rate of 1320. END of all the rumors...Done! ...There is no back office, government or other side trading before it goes LIVE to the public. MarkZ There is...a lot of chatter again about the lower denominations at many Iraqi banking locations. They are using cut sheets with samples of the LD’s etc…. I am trying to find someone over there to send a picture of these cut sheets to us…. (sample sheets with Lower denoms on it) I would love to see an official sheet from the CBI. It appears to me that Mark is repeating what Frank26 has said, then adding that these sheets are in the hands of banks. However, there are no articles, or proof, that this has happened. More of Mark's stretching ideas...Just sayin' - 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 MarkZ Question: Vietnam has a really low rate and they are in the WTO. Does Iraq have to change the value to be in it? Mark: Yes. And Vietnam is under pressure as well to change the value of their currency. The US has considered putting them on the sanction list for manipulating their currency...Surprisingly Vietnam was one of the most powerful currencies in the world before the Vietnam war… Iraq has been very up front and they have made it very clear they want to be the most valuable currency in the world again…like they were in the past. Kaperoni IMF report: "Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission" Quote: "The authorities should therefore seek to enable private sector development, including...modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms...and continued efforts to...reduce corruption." I have been stating something similar for years. If the Iraqi dinar is ever going to go up in value, it's going to be as a direct result of Iraq diversifying and growing their economy. Iraq needs to quit stalling and pass legislation to encourage and invite investment into their own country. Walkingstick [Bank Friend #1 Update - He owns 7 banks, 2 in Jordan] He had to put his banks on alert. The alert was, you will be receiving equipment...These machines are for the purpose of counting and sorting the lower notes because the older machines are only for the three zero notes. Pimpy I don't want you guys to be discouraged. Iraq has come a long way. You guys know this. I know you guys want everything to happen overnight because you guys have been waiting for such a long time. You've been patient for this long, just be patient a little longer. We see their foreign reserves going up. We know there's reform taking place. We know they got construction going on. We know they're going to fix their infrastructure ...Yes, things are looking very bright for Iraq. Frank26 [Correction to Frank26's dinar live on forex post 3-5-2024 - Information received from community member Tomas K] THOMAS K: When you put USD/IQD on the chart that was incorrect...The only way the US dollar paired with the Iraqi dinar is this way - USDIQD or IQDUSD , whichever way you want to view the numbers but with no forward slash. Forward slash is another indication for that chart to give you some other data. Don't put a slash between the two Forex symbols. FRANK: This man is correct. I must apologize.
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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 I got a lot of blowback from me using the word imminent. I didn't use those words, that wasn't me talking. It's not me telling you - They are telling us. Article: "Iraq announces its imminent accession to the World Trade Organization" I didn't say it other than reiterating what the quote is...They said that. Frank26 Article: "Dinar and dollar" Quote: "In a televised interview with the Iraqi President, Engineer Muhammad Shiaa Al-Sudani, he uttered a very important phrase (keep the dinar).Today, through my humble vision, I bear witness that the Iraqi dinar will return to its lofty economic value” Holy CaCa! I have to tell you, if a middle easterner ever says to you...I bear witness...it's like swearing on your mother's grave. It's a promising that can't be broken. It is a gift that is given...I believe this article is unbelievable...
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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 ...JP Morgan (Jaime Dimon) made a statement that “Iraq will be the savior of the world economy” ...That tells you the importance of what is going on in Iraq right now. There is a tremendous amount of effort and hope around this event.
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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 [Colorado Bank Story] I called my bank [Well Fargo] and had a conversation with someone over the phone and they treated me like I just came out of a cave - 'No. There's no way. No we don't handle [dinar].' All that negative talk that everybody's getting. Then today I asked to speak to the bank manager for other purposes but while I have you on the phone, lets [try again]. He [says] yes I'm very aware. Clare Article 1: "Al-Muslimawy: There is a policy to reduce the dollar exchange rate and control it in Iraqi markets" Article 2: "A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline" Sandy Ingram In 2023 Vietnam recorded approximately $28.5 billion US in tourism revenue...Iraq has the ability to generate this same amount or more each year due to the historic landmarks and religious hot-spots in the country. All Iraq has to do is implement safety for tourists. Egypt generated $10.7 billion in tourism in 2022 and $13.1 billion in 2023...Iraq is the birthplace of the top three religions in the world today - Judaism, Christianity and the Muslim faith. There are important landmarks within Iraq for all three of these religions, including the ancient city of Babylon. MarkZ ...still getting plenty of chatter from groups that they are waiting for the shoe to drop…everybody is at the edge of their seats. Walkingstick Question: "Why is the IQD the only currency increasing in value that we're seeing on Forex? It's taking off like a rocket." The investors. They're not stupid. They know. The investors smell the security and stability. But the real reason they have security and stability is because they have a new rate. The IQD is NOT on FOREX. It all started with the contrived website forexlive.com... Pimpy Question: "Why would [Iraq] let anyone benefit from this?" Why wouldn't they? It's the Iraqi people that really need to benefit from this...It's not their fault their leaders are all wack-a-doodles... There's enough resources in Iraq where they should be living pretty dang good over there. Increasing the exchange rate and giving them more purchasing power would definitely change their quality of life...Once Iraq can get their crap together and it looks like they're there - No more sanctions, get into the World Trade Organization, get back on the Swift system...Forex, finish the Port of Faw, finish with the Development Road Project, all those things are going to bring a lot of money into Iraq and their currency is only going to get stronger.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Willie Wonka...you get that golden ticket. I think we got a golden ticket here. I'm not too sure because it looks like something is going on. Pimpy On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That's not reflected in there. It's not really 101 trillion Iraqi dinars in circulation. That's what they put out in circulation but not what's actually in circulation. Militia Man Merchants will now be able to use the dinar to pay for foreign currency to buy international products...I would imagine there will be changes to Iraq's currency that will be reflective of the real value of the IQD...They haven't been using Iraq dinar at 1310 to purchase other foreign currencies. They've never done that before at 1310. Now they're saying they can do that...1310 exchange rate has never been an international exchange rate...That's coming from the Central Bank of Iraq so obviously something is happening because they've never done it before. I think it's really good. PompeyPeter Yeah, Iraq could come out at 1310 internationally on Forex. A man could land on the sun or pigs could fly. In other words the odds are slightly better than those two scenarios but in the opinion of most people it will not happen. Here's why: Sudani stated clearly that the dinar was worth more than the dollar and the value of the dinar would be higher than the value of the dollar. That ain't 1310 to $1. Secondly, Sudani said Iraqi's dinar would be the solution to the world's financial and economic problems. Not at 1310 it's not. Three, if they come out at 1310 it's impossible for the tripartite budget to work. Sandy Ingram 10 weakest currencies in the world: The value of a currency depends on supply and demand while some are pegged, meaning the currency is valued at an agreed rate. The foreign exchange rate is an indicator of a country's economic wealth. #10 The Iraqi dinar - inflation and political instability are the given reasons. #9 Ugandan shilling (USH)... #8 Paraguayan Guarani (PYG)...land locked in South America #7 Guinean Franc (GNF)... #6 Uzbekistani Som (UZS) 1 USD = 12,501 UZS #5 Indonesian Rupiah (IDR) #4 Laotian Kip (LAK)...only land locked country in Southeast Asia. #3 Sierra Leonean Leone (SLL). #2 Vietnam Dong (VND) #1 Iranian Rial (IRR) Frank26 Article: "Iraq.. Expectations of a decline in the dollar difference and a return to the official rate" Something is going on... Quote: "The economic expert, Safwan Qusay, expected today, Saturday, a decline in the dollar difference in Iraq and a return to the official rate after a series of financial and economic measures taken by the government of Muhammad Shiaa Al-Sudani." That's a beautiful article. There's immense power behind that article. Pimpy Article: "The central bank announces the increase in the size of its reserves to more than $100 billion..." That's adding a lot of money to the amount they already had... This is awesome for Iraq because having those foreign currency receivers does a great job in stabilizing your currency, supporting it and making it stronger... Samson Article: "The central bank announces the increase in the size of its reserves to more than $100 billion." Militia Man There's a quietness from the WTO when it comes to Iraq...Why did they do that? We can speculate on that. The truth be told is Iraq...would have more impact on the economic situation in the global financial system...It's a big thing, a very big thing that the WTO lifted up two of the smallest lower developed countries in the world but they didn't talk about one that was going to fix the financial system in the world. They didn't talk about Iraq...Why? The shocks that the World Bank talked about. You can't go and shock the whole world...and not have everybody ready because that's going to cause chaos...
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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 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. They were very very precise pictures of the lower notes. It turns out #1 has them...They started to practice and use them but they needed more help so they requested. You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now...The new software will be with them and the banks within this week. Fnu Lnu [Reply to Frank26's Dinar on Forex post 3-5-2024 below] There is no such thing. A) The rule of One Price, and There is no back side or private side to FOREX...With that being said: There are platforms in Shanghai and Singapore that are totally unregulated. It is the wild west of commodity trading and they create investment packages where they bundle up packages containing many different speculative investments into a bundle and trade those. But that isn't happening now either though it was a thing with the IQD several years ago but not now... Pimpy Within the past year we have seen more and more exciting news. It isn't just talk and hype...This time we actually see articles that are showing the progress that Iraq is making in order to start working and trading with the international markets. They're doing all they can to strengthen their currency while at the same time show stability... Things are going good. They're actually going a lot quicker than I anticipated. Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is saying we are now using the best and most improved international electronic payment system they said it's one of the best in the world with all the security features and all of this is from the CBI... FRANK: The electronic payment system is a huge key to the monetary reform for the float...Notice everything is coming from the CBI and not one word of negativity from anybody else. Militia Man Article Quote: "Accession [Into WTO] is imminent"...What are they waiting for? ...Iraq's going to have to make a decision on their real effective exchange rate. That's my view...You can't have Iraq having imminent accession to the international markets through the World Trade Organization without having a Real Effective Exchange Rate. Most of us believe 1310 is not a real effective exchange rate. Pimpy There's a lot of hoopla going on about Iraq joining the World Trade Organization and rightfully so. This is one of the big steps that Iraq needs to take in order to rejoin the international community... Article "Official: The issue of Iraq's accession to the World Trade Organization is coming soon" Suzie [Reply to Frank26's Dinar on Forex post 3-5-2024] Just MY opinion, no smarter than a dumb blonde can be, I think we're over-speculating on this Forex thing. I've done those calculations same as most and my OWN reality is none of it means anything until Iraq gets the dinar rate down to the 1-1 and then I think we'll see the rate rise quickly to what we're all looking for...
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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 Being admitted into the World Trade Organization is going to be a huge step...This is why I'm saying most likely you're going to see the Iraqi dinar go up in value, in increments. Once that gets started I anticipate it going at a really fast pace. Frank26 You have the 25,000 dinar note. You don't take a pair of scissors and cut out the three zeros. A lot of you think that. No...The official exchange rate... .00085971 (Was, not is). You don't go around thinking to yourself they're going to take a pair of scissors and they're going to cut the physical dinar. No. No. No. What they're going to do is take the exchange rate...put the decimal point there so the exchange rate then would be about .86 cents [rounded off]... What does that mean? If you have 1 dinar you have $0.86 cents when they lift the 3 zeros from the exchange rate...It's a reinstatement...back the way it was. Militia Man Article "The dinar and the dollar" Remember Al Sudani told everyone that the Iraq dinar will return to its lofty economic value because the dinar is stronger than the dollar. There are things that are coming back up. This is Muhammad Rasheed, he's talking about the national currency...the dinar. He's stating that the economic world is witnessing a qualitative boom in awareness. A lot of people around the world are figuring this out and very soon it will overthrow the dollar. So the dinar is going to be stronger. Al-Sudani told us that...This guy Muhammad Rasheed is holding his feet to the fire... Fiat Padawan [Reply to Frank26's dinar on Forex post 3-5-2024 below] ...The underlying charting technology is from TradingView...This software handles a wide variety of markets and products. You have to be careful about what you put in the search criteria...“USDIQD” is NOT the same as “USD/IQD”… the first refers to the forex market, the latter to index funds. In fact, as index funds “USD” is “ProShares Ultra Semiconductors” (pre-market trading at about $100), and “IQD” is “Wisdomtree International Quality Division Growth Index” (trading at $34.61), so you can see 100 / 34.61 = 2.89 ...It has nothing to do with the IQD 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 We all know this, the Iraqi dinar is not a scam itself. The Iraqi dinar is legitimate but there are people out there that use Iraqi dinar to pull off scams. Frank26 I told you a long time ago, the IMF said to the world, Iraq is in the process of adding value to their currency. You can look it up on the IMF website. How come they don't say that about any other currency in the world? Article: "The International Monetary Fund promises to support the digital transformation in Iraq" The digital transformation is what's going to allow the Iraqi dinar to float in the basket internationally. Mnt Goat Article: "OFFICIAL: THE ISSUE OF IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION IS COMING SOON" Quotes: "the issue of Iraq’s accession to the World Trade Organization was imminent,"; "Iraq is seeking to enter the World Trade Organization, and the issue is coming 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 Frank26 IQD on Forex is on the private side. [Found by Forex Girl] 1. www.Forexlive.com 2. Click Live Charts. This is free but there is a private side. We can at least get a little example. 3. Click EURUSD in the top left of the chart. 4. Delete EURUSD in the top left box and type in USD/IQD. Wow! Oh, my goodness...The Iraqi dinar is going through a phase where it's being traded internationally on a private side of Forex. It is live. In December it was trading about $2.40 to $2.50. In January it was trading at about $2.60. Last month it was about $2.63 or so. Sunday it was $2.70...IMO this is a trend that is going towards the reinstate phase of the Monetary reform to reach the $3.22 that it was. Pimpy I'm sure you've heard the great news by now, the IQD is on the "private side" of the Forex...This sounds like some great news don't you think? ...I'm grateful to do all the research for you so you don't have to...There is no "private side" of Forex. None. The Forex is open to all participants who have access to the necessary trading platforms and infrastructure...There is no "private side" of the Forex... Deepwoodz [Response to Frank's post above] The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar. Not the other way around. Even if this is true, definitely an improvement worthy of praise. If you want to see the value of the dinar, simply list it the other direction. i.e….IQD/USD. Which equals .355. 1 dinar =0.35$ [NOTE: To see the dinar at different possible rates use a Dinar calculator.] NOTE: www.Forexlive.com is NOT a FOREX site. It's a site contrived by someone to present false (Hopeful) information. RON -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "IYO does it matter who is in the White House? Will it help or hurt the RI?" No, not at all. No, the person in the White House has nothing to do [with it]. The people in the IMF, the board of directors of the CBI, they have a lot to do with it. Militia Man They're going to have a very strong country...Iraq's foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons. You can see the direction they're going and why they're getting praises... MarkZ I am still getting amazing chatter from groups…Things are very positive…But, stay calm this week - it’s going to be a roller coaster...I would not be surprised to see it before we reach the weekend as of right now. Pimpy Article: "The Iraqi Central Bank confirms to Shafaq News the provision of five foreign currencies as an alternative to the dollar for merchants" The crazy thing is this is a new article but all they're doing is talking about the same countries we spoke about several times. You have the Euro, Chinese yuan, Turkish lira, Emirate Durham and Indian rupee and the currencies they're talking about...
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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 Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies. To do what? Clearing and settlement in the system with accurate and facial data. Those two things right here are solidifying that there's something happening... Pimpy Article: "Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars" That's perfect because...the more reserves you have the easier it is to protect your exchange rate. MarkZ I have a lot of sources expecting it to break loose in the next 2 days of this week…hope they are right.It would be great if this were true, but we've heard this so many times before from Mark.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Article Quote: "Does deleting the currency’s zeros affect its value?...” I called my CBI contact...and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW! Then...out pops this article, then another and...yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so...It's now on the radar scope for the CBI for the very near future? [Post 1 of 2] Mnt Goat remember...the difference between RATE and VALUE...the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate...Economic expert, Durgham Muhammad, said to the citizens and I quote – “that deleting the currency’s zeros does not conflict with its value”...Okay, so...we all know the rate is being artificially suppressed ...Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. [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 (From Saturday) IMO the Forex is live. It is trading the Iraqi dinar live. I don't believe I've ever seen it trading live against the dollar. It's being traded in real time. That's impressive. It started today or maybe yesterday ...That's why I say something is going on...It's trading at $2.70 live. I'm not making this up. You can go look this up yourself. Let's see if these numbers stay the same on Sunday...when they start trading live...Isn't this suspicious? Isn't this a precursor? Isn't this a sign? Isn't this a logical step for a currency that is about to go through a movement of some type? MarkZ Question: "what is your guy saying about rates? Others are saying $1.30 in country".. TO me $1.30 doesn’t make a whole lot of sense. Would it work for them - yes. They have been very blunt with their people and even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be...I would be ok with $1.30…but I expect higher.
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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 Nothing will change in Ramadan month...because in Ramadan...like any religious holiday we don't deal with money...It's against our religion to talk about financial things and money [during Ramadan]...😞 Sandy Ingram The Prime Minister of Iraq is pushing the Iraqi CBI governor hard on the electronic payment system. Jeff Iraq has already revealed to you they'll be revaluing their currency specifically within the month of March. It's not even a secret. Pimpy When we're talking about the deletion of the zeros, it comes off the bank note only. It isn't going to change the exchange rate. The exchange rate is going to be equal in value...You got people out there saying that deleting the zeros does not mean the currency, it only means the exchange rate. That's not accurate... The 25,000 dinar has the same value as a 25 dinar...25,000 dinar times .00076 gives you $19. So when we delete the zeros...25 x .76 is the same exchange rate [$19]...Delete the zeros...is not increasing the exchange rate against other currencies.
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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: Bank friend...in his opinion a new rate that will float. We're going to have gateway from Iraq to European side in trading. It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros. It's no secret. FRANK: He's 100% correct. I keep telling you it's here.
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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 25000 [dinar note] still be worth the same if it's 1 to 1?' Yes. A 25000 Iraqi note at a rate of 1 to 1 is equal to $25,000. Pimpy Yeah, I know, we're all doing the pee-pee dance. But don't get overly excited because Iraq has a way of letting people down sometimes. Let's stay grounded. There are other issues out there that we still got to tackle. But for the most part a big chunk of what we were hoping would happen is starting to happen now...Everything is looking really good. The next thing we got to wait for is the member states to vote Iraq back into the World Trade Organization and see what it's going to take to get them on Forex...
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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 is looking forward to joining the World Trade Organization" Frank26 Question: "Will they make a formal announcement in Iraq just prior to letting the RI go?" No. There won't be any announcement. It's actually going to be snuck up on them. One day the Iraqi citizens will wake up and they'll get a text or ping or whatever and they'll be notified to get your butts into the banks and they will be given what will be given to them...
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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 Article: "Multiple advantages and an important turning point... How did electronic payment methods affect the Iraqi economy?" Quote: "Al-Shabani...explained the possibility of absorbing approximately 92% of the cash mass saved in homes after the complete shift towards electronic currency dealing..." They recovered 92% of the 3-zero notes... Kaperoni If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual increase reflects the economic growth of the economy. Nader From The Mid East A lot of good news come out yesterday and I'm very happy...You know what? I'm excited. I'm very excited what's happening. Pimpy Article: "Sudani: Investment environment in Iraq is promising and open" Remember they have to be able to draw in foreign investors. As long as the country appears to be stable, the economy looks to be stable, the exchange rate looks to be stable, the currency looks to be stable, it's all promising...this is all great news. This is one hell of a day for Iraq... Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is saying the government is putting mobile teams together to monitor - No prices gouging during Ramadan. That tells us plainly there will be no rate change during Ramadan IMO. FRANK: It can happen at any time...But... I don't see the reason for this to happen during Ramadan. It is a holy period. I see it happening before Ramadan. Clare Article: "Iraq is looking forward to joining the World Trade Organization" Quote: "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws." MarkZ Question: Could Iraq RV during Ramadan? Mark: There is a historic precedence to go during Ramadan. For Muslims most things slow down at this time…and they do not like doing business at that time…but, it doesn’t mean they won’t...but it sure would be more convenient to go right before it. [Note: Ramadan is expected to begin on Monday, March 11, and continue through Wednesday, April 10.]
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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: "Iraq is looking forward to joining the World Trade Organization" Quote "Friday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files" Militia Man They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Today easily has got to be one of the best days of news for Iraq I've seen in a long time. They have been busting their asses to get their country in line to get back out and do business on the international market...One great article after another... MarkZ I have one source close to the WTO that thinks it will be mid March for the actual ascension…It is clear it is now inevitable they are heading this direction. Harlequinc3 Question: "I don't have any receipts of currency i bought 14 years ago...is that a problem to exchange it when the event happens?" Only in the event of an audit for taxation. The bank won't care in the slightest when and where you got your dinar -- as long as it's valid currency. All the receipt proves is WHEN you bought your dinar -- which only matters to entities like the IRS, because the tax bracket for capital gains changes depending on how LONG you've had the asset. [NOTE: Some feel the exchange will be capital gains, others personal income, other not taxed at all. The only opinion that matters is the IRS's - At the appropriate time consult your tax advisor to determine the right tax for your unique circumstances.] Clare Article Quote: "Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq" Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV showing half a billion dinar recovered from a corrupt banking judiciary officer. FRANK: It just don't stop! Good gosh almighty everybody steals out there.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Iraq is going to have a lot of inflows. They're going to need to make things stable...To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that. Pimpy We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars...If that bank...buys and sell foreign currencies they would keep it on their books as an asset. If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books. [Post 1 of 2] Pimpy That's why you don't have to worry about whether Iraq has enough US dollars. It's going to be whether your bank has enough dollars and since everything's going to be digital there's not going to be a problem with that. That's how it's going to happen all around the world. You're going to be able to go into your bank, exchange your IQD and that's who you're exchanging it with. Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets. [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 Sandy Ingram US Department of State Website Article: "Secretary Antony J. Blinken and Kurdistan Regional Government Prime Minister Masrour Barzani Before Their Meeting" The Iraqi Kurdistan prime minister has not been in Iraq at all for several days, but in Washington DC, meeting with Secretary Blinken. They are discussing what went down in the first quarter of this year in Iraq. Militia Man Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar... Pimpy Here's the biggie everybody is celebrating. We're not there yet but very close. Article: "Iraq has completed requirements to join WTO: Minister" We have to wait till they get voted in. Yes they completed all the steps. Let's hope they keep their nose out of trouble and finally get accepted...Iraq is right there at the cusp, man, it really is. This is big news. Frank26 Parliament has no choice but to get on board of the bandwagon of the monetary reform. Now they constantly take false credit for the success of the monetary reform...Why are we in a position where [they're saying] 'Yeah, they're going to be giving you a new currency and they're going to float it.' Why? Because the auctions are no more for the pleasure of Iran to steal the future from the Iraqi citizens. Parliament has no choice because it's about to happen...Iraq is in a position to move 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 Mnt Goat some...recent...very interesting and informative news articles we can use to help connect the dots about what is going on with the Project to Delete the Zeros...all fantastic news but just news for now. The actual execution part is coming VERY SOON but not yet! ...I am still staying VERY excited but remember Iraq does not work on our schedule...Just relax it is coming and we must just follow the news and see what happens next...
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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 Jeff Article: "Iraq completes requirements to join WTO" Quote: "The Iraqi minister of Trade...affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate." Clare Article: "Iraq completes requirements to join WTO” Quote: "The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate." Frank26 [Iraq boots-on-the-ground report] FRANK: I sent you to your bank friend. Your friend is going to be receiving machinery IMO that will help him identify the new lower notes they are going to give you. They are also going to be sending in people who are experts in the process of exchanging currency. In your case, three zero notes for lower notes...It's very obvious the next step for the CBI is for these people and this equipment to be used to give you the new exchange rate and lower notes. It is approaching you with great confidence. Be strong. You're almost there. MarkZ Question: Mark what do you think of the rumor it could happen tomorrow? Mark: I’m going to leave it as rumor for now. But it could happen in 3 minutes…or 2 days…we just don’t know the timing. But rumors are non-stop running hard. Samson Article: "UPDATE: Ministerial Conference Thirteenth Session Abu Dhabi, 26-29 February 2024 " Quote: "The National Committee on Iraq's Accession to WTO has made distinguished efforts to align domestic legislation and laws with WTO Agreements and have the technical requirements of accession fulfilled."
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