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  1. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Godlover Article: "Parliamentary Finance: Completion of 90% of the sections of the Food Security Law". We do not want to see this law passed, at least not without the general budget... *** Pimpy People ask me do I have any concerns whatsoever about the Iraqi dinar...if they can't get their crap together let's be honest, the rate is never going to change...but one of the thing that I am keeping an eye on that's bothering me is the fact that Iraq is in a huge rush to launch their version of the central bank digital currency because I'm curious how that's going to affect us who are holding on to the paper version of the Iraq dinar, the IQD. I'm digging into that. Once I get that information I will share with you...We're going to see Iraq grow. They're doing it by leaps and bounds. Look how far they come just since Al-Kazemi took over...
  2. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat *** With the dinar at 1/6 of a penny and people screaming for currency reform…how can they hold off any longer in fixing the dinar to a nominal rate to reflect the true value? Iraq needs to get off the de’ facto peg to the US dollar. It is causing issues and we now see it...What oil could reach $130 a barrel yet Iraq dinar sits at 1/6 of a penny? All the news for months about the Iraqi economy has been very good and encouraging...there is not much more to tell. I rest my case…
  3. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat ...I am still being told my the CBI that when the govt is completed and stable Iraq will complete the project to delete the zeros and then we know what comes next. So be patient... *** Pimpy I've said this time and time again some of the biggest problems we have with the Iraqi dinar changing in value is the fact that the government is not stable. It's filled with corruption, we have to be careful about civil unrest...we gotta make sure that Iran keeps their two cents out of the country, we gotta make sure the US keeps their two cents out of the country... *** Kaperoni The dinar value is determined by the central bank and is based on Iraq's GDP, currency in circulation and reserves...Until Iraq meets and accepts the conditions of IMF Article 8 most financial institutions will not do transactions in dinar. More or less Article 8 is an indication that their financial system meets international compliance...Iraq can engage with any country or banking system throughout the world if they wanted to now. But most do not because Iraq is still in Article 14 which is in essence a developmental stage. ** Mark I had an interesting call with a military contact this morning first thing... They are looking for the implosion of the sitting government within a very short time…and they are expecting that to be the trigger...It came from more than one source…my military contacts think the implosion and the reset will be in the month of May. I am encouraged after my calls this morning...I’m not ruling out it could happen before…i was just telling you what contacts in the military are saying. Definitely another Mark rumor that sounds like nonsense - like our military would know if the Iraqi GOI was going to implode - whatever that's supposed to mean...! It was out there so I thought what the heck, and brought it over. *** Frank26 Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" FINANCIAL SITUATION IS VERY GOOD BECAUSE THE MONETARY REFORM IS VERY GOOD...NOTICE FINANCE COMMITTEE GOES TO WASHINGTON DC LAST WEEK THEN THE IMF/WB GO TO BAGHDAD.
  4. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Samson Article: "The highest since its establishment.. Central Bank of Iraq assets (in numbers)" Quote: "the value of the Central Bank's assets is the highest since its establishment, which gives reassurance to the situation and stability of the Iraqi currency during the coming period, which is expected to witness further increases in the Central Bank's assets as a result of the rise in oil sales revenues..." ** Mark [Q? : Please explain why the white papers are important?] The white papers are the financial reforms in Iraq. In these is the new budget, food security, and lots of things including the new rate for the Iraqi dinar. In these papers they are creating a platform for them to have an asset backed currency with a higher value. …That is why the implementation of the white papers are important...
  5. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question: "We know that the RI requires a seated or recognized GOI. But, will it also [need] the passage of new laws and the budget by Parliament?" THE READING OF THE BUDGET AND NEW EX RATE IS LAW IT'S A LINE ITEM IN THE BUDGET. BUT...PARLIAMENT DOES NOT DICTATE CBI LAW THE CBI AND THE EXCHANGE RATE CAN BE CHANGED AT ANY TIME BY THE CBI ON BEHALF OF THE CBI. ** Mark ...there is a lot of misinformation being put out…they want you to throw in the towel, give up and walk away…Don’t do it…. I know the ups and downs are tough…but this is a “when” not an “if”. *** Pimpy The more I read about what's going on in Iraq regarding the politics, the economy, the development, the stabilization, the little baby right here [New born foal wobbling to stand for first time] reminds me exactly where Iraq is. They're almost there just like a newborn. They're getting on their feet but it's a little shaky...it just seems like we're right at that doorstep...a little wobbly - at least they're upright...
  6. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question 1: "Ukraine - Russia will it effect the monetary reform?" Not at all. Question 2: "Is the Russian ruble gold backed?" In reality, no. *** Frank26 Article: "Iraq... Ambiguity surrounding the 2022 budget" WHAT'S IN THE BUDGET... THE NEW EXCHANGE RATE. Article: "The Prime Minister's spokesperson is hosted by Parliament to discuss the budget" THE TALK ABOUT THE BUDGET AND THE NEW EXCHANGE RATE IS HOT!!! *** Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120 THOUSAND IN THE 2022 BUDGET" Quote: "There is no truth to the news circulating on social media and attributed to the Undersecretary of the Ministry of Finance about the existence of ongoing discussions to re-reduce the price of the dollar to 120 thousand dinars within the 2022 budget" I have told everyone over and over again that the RV is NOT in the budget nor will it ever be in the budget. *** Petra I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign... A big one...many players ...at the "End Game!" IMO
  7. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Clare Question: "Do I remember correctly that the caretaker gov't can become the seated gov't by Kazemi making it so?" YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCEMENT OF THE NEW GOV. EVEN WITH KAZEMI...THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO *** Samson Article: "Iraq... Ambiguity surrounding the 2022 budget" Quote: "one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,"...
  8. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Mark [Q? : What is included in the white papers?] All kinds of financial reforms . Also according to those who are close to the project…a new rate for the dinar. Now comes the Rumor: I am also told that in those white papers…if the gold treaty is not signed …there is a provision for the NEER (Nominal Effective Exchange rate) ($1.60) to be implemented. ** Walkingstick Question: "Once the rate is on Forex do you foresee any issues regarding the exchange at our American banks?" No. Absolutely not. ** Mark Article: “Mazhur Muhammad Salih : The central banks balance is 3 times more that the governments external debt” ..for Iraq to say this is absolutely huge. And Salih also says they are ready to move forward with their white papers. They already have a budget pulled together…they just need to approve it and they are sitting on way more money than anticipated… They are clearly showing us they are prepared to go. Now comes the Rumor: I am being told it really is a “any minute” thing now as we wait for some kind of trigger. I have also heard to watch between the 2nd to the 7th of May. ** Militiaman Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" The meetings in DC may have been even more relevant...imo . They talk about not needing any help with...certain projects. The CBI has done a very good job with monetary policy stability...the certain projects they need help with may be the project to delete the zeros...with a very good financial situation the time for them to return to a previous era with the exchange rate looks to be in the process... ** Nader From The Mid East In the next few weeks we keep watching. We hope things gonna happen. We're hoping it's gonna go 1 to 1. 1.20 to 1. But, we don't know yet. We're not sure because every day they say something else and something new, one day yes, one day no. They cannot set a government. They cannot set a president...we are just gonna have to wait and see what's the game. Iraq is doing a lot...Iraq in the next 20-25 years is gonna be better than Dubai or better than Saudi or better than anybody else... ** Mark There is some encouraging news. Article from Iraq: “Analysis: Al- Kazemi government will continue its duties until new early elections in 2023.” Don’t panic…this is the backup plan if they cant get a proper government situated…This will not affect the financial reforms…as a matter of fact Quote: “Minister of Finance: The financial situation is very good and a upcoming meeting with the IMF and the World Bank is in Baghdad”. Over the past week or so they have met in the US …and the next meetings will be in Iraq. They are talking about the implementation of their “White Papers”. We are expecting our rate change with the white papers. They even discuss their possible timing. There will be meetings in Baghdad after Eid El Fitr to discuss moving forward with the reform process in the white papers.
  9. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Article: "America warns of an obstacle impeding the development of the relationship between Baghdad and Washington" Now the United States is warning Iraq about their current political situation...obviously you got to have an established government. Who do you deal with? Do you deal with the intern government...and try to make deals or do you wait for the new government? This is one of the reasons why we won't see a rate change happen anytime soon...
  10. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120 THOUSAND (1200) IN THE 2022 BUDGET" - The CBI does not intend to reduce the exchange rate of the dinar, thus raise the value of the dinar back to the pre-December 2020 rate. [Q?: Why would they even do this change back to 120 if they already know of a plan to significantly raise the rate (not the value) of the dinar and conduct the project to delete the zeros?]... We know the VALUE is already in the dinar only they are suppressing the nominal rate and holding back the reinstatement until they can see a stable government.
  11. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Walkingstick & Petra Question: "In your opinion how high can the rate go?" No higher than the AAD...right now their goal is to move away from the USD...What is the rate of the AAD right now? 3.1 but it will fluctuate like all currencies daily. Petra - The AAD is = to IMF SDR...which equals $1.36 x 3 ** Samson Article: "Iraq exceeds the Arab countries in the growth rate.. IMF: GDP willreach 9.5%"
  12. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram Iraq does not appear to be interested in revaluing their currency over and above the December 2020 rate...the IQD will revalue or float one day, however you should be aware that Iraq appears to be moving forward without a revalue...imo..! *** Kaperoni It was stated back in 2013 in the IMF Article IV Consultation with Iraq they need to diversify their economy. Doing so they then can float the dinar allowing it to gradually appreciate over time...Direct from the IMF in 2013..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect..." [Post 1 of 2] *** Kaperoni When you search Wikipedia for an explanation of the Balassa-Samuelson effect, it implies that countries with rapidly expanding economies should tend to have a more rapidly appreciating exchange rate. In other words, the appreciation of the Iraqi dinar is solely dependent on the growth of Iraq's economy. There is no RV, there are no shortcuts. [Post 2 of 2] *** Pimpy Somebody is spreading ... what you would call 'nay-say', doubt, stressing people out. I see it all the time in the group, people just go, 'Oh, man the Iraqi dinar is never going to change. It's never going to revalue.'...we know that's not true. December 2020 the Iraqi dinar revalued...it went in the wrong direction. It lost value. [But] That's a revaluation. Don't let people tell you, 'oh, it's not going to revalue.' Because it's a lie...the Iraqi dinar will revalue. It will. So don't listen to what all those people say...
  13. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question: "Could the new small category notes already be introduced to the banks in preparation to be distributed when the rate goes up?" No. The currency is there in the CBI but not in the local banks... *** Kaperoni ...yesterday in the News: the Minister of Finance Ali Allawi stated in his speech at the spring meetings of the International Monetary Fund and World Bank in Washington , DC that Iraq needs help to diversify, to change from a rentier economy to a diversified economy. This is the plan. Iraq needs to diversify away from oil to create a private sector. Only with the success of that diversified economy can the dinar go up in value. It will not happen overnight. Diversification is good and is needed, but how many of the other GCC countries are solely dependent upon oil, as was Iraq before the Gulf War..! They can still increase the value of their currency based upon their known oil & natural gas reserves..! JMHO - RON *** Pimpy Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Quote 'the foreign reserves of the bank exceeds $70 Billion and a large number that the bank has not seen for years..." Actually decades..! " Iraq currency possesses an excellent amount of gold as well..." Not to mention they have so much gold over there in the Tigris River that's sitting on the top that could be getting mined... *** Mark Article: "Iraq exceeds the Arab countries in the growth rate – IMF: GDP will reach 9.5%” 9.5 % is their golden egg...I think they are ready for their currency change. Positive news coming out of Iraq. *** Godlover Community Comment: "From the articles it looks as if all we need is the government. Hopefully Iraq announces very soon that Kazemi...will stay in power so we can move on" I pray this to be true. I do however have some concerns...if Kazemi gets another year will this be the government that releases what we all seek. Another concern is the new food security law...articles seem to imply that the food security law has a mini budget that will be passed prior to the budget passing. As if to give their citizens immediate relief until the budget can get passed. [Post 1 of 2] *** Godlover I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell me they expect the general budget not to pass for some time. Side note: I do however expect this new law will coexist with the general budget once passed. [Post 2 of 2]
  14. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Clare Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" GREAT ARTICLE! ...meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad.
  15. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Mark Great Article came out of Iraq yesterday “Minister of Finance: The International community supports Iraq by implementing the white papers, and we do not need financial support”...This is referencing again that everything is fixed…they want to move forward… white papers have fixed a lot of things. Good article..!! ** Kaperoni My personal view is I still believe that Iraq will float the dinar allowing it to gradually appreciate as the economy in Iraq prosperous. Which means it'll be gradually over time and it's going to take a while. I firmly believe only with the success of Iraq's economy can the dinar appreciate in value. ** Mnt Goat We can already see...al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes our RV. ** Militiaman Article Quote: "the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item." This reeks of the HCL.. imo … FOOD SECURITY... Comes PURCHASE POWER... They are using the FOOD SECURITY as a cover, imo..
  16. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question: "Is Maliki still throwing monkey wrenches to stall this monetary reform? Trying. That will never change but it's not going to happen. *** Frank26 The date I told you was in titanium. Who in the world would have thought Biden would do what he is doing to our economy and every economy on this planet? The titanium date has passed. The titanium date was in the first quarter of this year IMO...but they are moving forward...
  17. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Godlover [Comment from Frank26:]"INSIDE OF THIS MONTH OF APRIL...IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ..." Hopefully this be a new seated government, or the current caretaker government will have been voted by parliament to remain another year or so per many articles. Then they will have the authority to send the general budget to parliament. Or could this be about the new food security law that has been a very hot topic of late? Time will tell. ** Pimpy Article: "70 private banks in Iraq - and the World Bank expects it to be ranked first in the Arab world in growth" Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news...this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil. This is great news. This looks very good as long as they can stick to reforms, don't rush the exchange because if you do it could be a setback and they will end up waiting years.
  18. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat It looks like there is finally a breakthrough in forming the new government ...The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will remain in place. This is fantastic news...Not only Sadr but Kazemi and Saleh both support the anti-corruption efforts. WOW! Folks this is our path to the reinstatement...IMO.! *** Militiaman Article: "Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?" My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find out in short order to support that fact again, imo. The UST, IMF-WB meetings...over the last week imo will bare fruit and likely large fruit. So plentiful that the citizens will be fed for generations to come... Imo I.E.. 2022 Budget with new exchange rate to be exposed back to a previous era.
  19. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Clare Question: "Will the IQD be asset backed when there is a change in rate?" YES, BECAUSE IT IS ASSET BACKED ALREADY BECAUSE THE AMOUNT OF WEALTH IRAQ HOLDS IS AMAZING!!! IMO THE CBI RESERVES ARE VERY HIGH! COUNTRIES HAVE INVESTED & CURRENCY SWAPS HAVE TAKEN PLACE... BECAUSE THEY KNOW WHAT IS GOING TO HAPPEN IN IRAQ! ** Walkingstick Question: "Do you think 2 to 1 is enough? Is it possible for them to consider in their recalculations to make it go even higher?" Yes for the fact they are now looking at the introduction of a currency basket not on par with the USD... ** Samson: Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts? The legal expert, Ali Al-Tamimi, explained the possibility of passing the 2022 budget without final accounts for what preceded it, as well as clarifying the constitutionality of passing the budget by Parliament despite the fact that the government is a daily business. Al-Tamimi told Al-Maalouma, “The House of Representatives has the possibility to ask the caretaker government to send the budget law to Parliament, because this is related to food security, which is one of the government’s first priorities. managing everyday affairs.” He added that "authorizing the government to send the budget requires a vote of the absolute majority of the number of parliament members, that is, the total number plus one, and that this right is limited only to the budget law only." Al-Tamimi explained, “Sending the budget after authorizing the government to do so must be preceded by the approval of the final accounts of the previous year’s budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019, as this is implemented in accordance with Articles 62, 5 and 61 of the constitution and 12 and 13 of the Financial Management and Public Debt Law. No. 6 of 2019 and Articles 128 to 138 of Parliament’s bylaws.
  20. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Petra Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" I'm having a hard time with that Food Security Law. With the budget imminent, what's the need for it? UNLESS...it's a COVER for something else??? ...I think we can all agree that the "actions" we are seeing clearly delineate a game plan and a strategic execution of timing and global input for Iraq 's next move. With food prices skyrocketing they clearly only have one move to protect their citizenry. A global Force Play! ** Frank26 Question: "Ukraine - Russia will it effect the monetary reform?" No. What does the ruble have to do with the monetary reform of the Iraq ?...the ruble is being destroyed. Is the ruble on par with the Iraqi dinar? No...what they are doing has nothing to do with the beauty, the supreme efforts that are being done by Kazemi and Mustafa for their country, for their currency. The whole world wants to pour into Iraq and do business with them. ** Pimpy Video: "Why Foreign Currency Reserves Are Important" Quote: "holding foreign currency reserves...influence the exchange rate. With large foreign exchange reserves a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value." ...a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market...[Post 1 of 2] ** Pimpy Article: "Central Bank: cash reserves exceeded 70 billion dollars" ...The Central bank has reserves exceed $70 Billion. This is good. Iraq continues to build up the reserves...the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can...increase the value of the exchange rate by buying more of their own currency off the market... Iraq 's foreign reserves are increasing. It's just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate. [Post 2 of 2] ** Samson Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Article: "The Central Bank: Our cash reserves exceeded $70 billion"
  21. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy Everybody's wanting to know about the Iraqi rate change. I'm going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector - that is not going to happen. I know that's not a popular thing to say but...we stay grounded. I'm not here to blow smoke up your butt. I'm here to just be realistic about this investment... ** Frank26 Article: "The Dollar Exchange Rate That Will Be Approved In The 2022 Budget " WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET... WHEN YOU ALREADY HAVE AN EXCHANGE RATE... UNLESS YOU'RE GOING TO CHANGE IT.
  22. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick Question: "Do you think Iraq has enough security and stability right now to reinstate their currency?" Most definitely...waiting on a seated government. Nothing else is preventing them from releasing any new exchange rate...they are prepared now to introduce a new exchange and currency...IMO..! *** Militiaman Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO. Quote: "They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war." A new exchange rate is imo all that is needed to curb inflation and bring purchase power...Lets see what the day(s) bring...I like this a lot. It is a very timely piece from the UST...
  23. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy Yep more rate change conversation. They're out there talking about their rate exchange again...This seems to be the talk of the town. Article: "Finance responses to news of its discussion to reduce the dollar exchange rate" Before we had a lot of discussion about the rate change. That's obviously died down a little but I think it was interesting that there was article after article talking about a rate change given the fact that oil prices we up in a big way...$150/barrel that's supposed to be happening shortly. If the projections are correct then Iraq is going to have a lot more money than they had anticipated...which is what you want... *** Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] ...what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023. [Post 1 of 2...REPOSTED] *** Kaperoni This is proposed and of course it directly is related to Iraq forming a new government prior...the Central Bank of Iraq would have to accept the proposal. But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented. [Post 2 of 2]
  24. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick *** A caretaker government "will not" introduce a new exchange rate. A caretaker government is just that, to keep a functioning government body. Any new exchange rate will be introduced by a seated government.
  25. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** MntGoat ...All the news is very good...the CBI once again announced that the monetary reserves are very high. We know the IMF requires just 45 billion for financial stability and they just announced reserves of 70 billion. We know for a fact the reserves are actually around 90-100 billion as they sometimes include the gold reserves valuation in the total and sometimes they don’t.
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