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Showing results for tags 'rumor'.
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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 SkyWalker Removing, or as Dr. Shabibi said, cutting zeros, IMO is not a lop. Many are confused on what deleting zeros means. How did the inflationary zeros get on the dinar we hold? The Saddam Swiss dinar was collected and swapped for the new dinar. Deleting the zeros is simply repeating the process by collecting three zero notes back to the banks and swapping them with lower notes. This would either increase the note count, or art best keep it the same...Does that make any sense..? MarkZ From the banking side...from someone who works in wealth management. They said “We would not be doing this level of preparation if we weren’t close”. In other words they should not be working weekends or throughout the week at this level if we were not close. They wouldn’t give me what to expect date-wise, but I find that encouraging. Breitling What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that's what they're going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City? So what was it that gave me confidence...? ...My whole thing is trade and trade routes. You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road. That's what I was watching. You had trade coming down from India and going through Iraq, Iraq up to Turkey, and Turkey to the European markets. That's what I had confidence in. I knew that. They had to put it together.
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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: We seeing in TV a special report show saying what if 1000 dinars became 1 dinar. They talking about deleting the zeros again. They've been showing this all day. They just repeat it over and over again. And they're saying it's all tied to the reforms. They talk about all the good and some of the bad...We never seen them talk like this before. FRANK: These are the commercials we talked to you about that were going to be educating you on the purchasing power...They are telling you they lifted 3 zeros from the exchange rate in order for that 1,000 note to become a 1 note...They are not lifting the 3 zeros from your physical cash.
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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 am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting. In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur. MarkZ Article: “Erbil: Iraq has become a suitable environment due to security and political stabllity“ They said this today. What did Shabibi say? Give me security and stability and we will raise the value.
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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 1 "To strengthen economic relations.. Reopening of the Swiss embassy in Baghdad" Quote "Switzerland...reopened its embassy in Iraq, after a 33-year hiatus." Article 2 "Iraq renews partnership with Swiss global company Roche to enhance therapeutic capabilities" Mnt Goat One of the loose ends is the much-needed amendments to the Iraq Investment Law. They told us in an article that the WTO requested some changes to the law. In this same article, they told that this was the ONLY issue holding Iraq back from full accession... So, what pops out in the recent news. The Article is titled “PARLIAMENTARY ECONOMY COMMITTEE DISCUSSES AMENDING THE “INVESTMENT LAW”. The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years. So we may see this law very soon. Then the WTO. NOW, For The Mother of All RUMORS MarkZ I am getting many reports that payments have started. Reports that payments are rolling out to groups. But I am staying calm because I have not been able to prove it yet. But I am looking for proof that this is accurate. I am hearing this from many different sources. IF this is accurate, in the next day or two, you and I should find out when we can go in and exchange our currency - IF THIS IS ACCURATE. I am getting blown up with contacts saying they have let things go. I have heard this from a number of sources. STAY CALM. I am really trying to stay calm as well.
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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 Tishwash Article: "Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years" MarkZ They are openly talking about Lower Denominations in Iraq again. 13 banks are set up in Iraq to handle exchanges. And where are these 13 banks, Mark, and what is your source..? Or is this just another fabricated rumor..?
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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 Everybody's saying there's a new category of currency come out in the streets of Iraq. We heard it but we didn't see anything. Nothing new, we still with the same currency. For now, we didn't see anything. Just another rumor..! Samson Article: "Iraq among most popular tourist destinations for Australians"
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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 WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This, as I am told, is from the pressure of the Feds and the US Treasury. As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.
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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 Think about it. You've been stealing from the country for 20 years. It's kind of hard to ween yourself off theft and corruption. That's what Iraq's been going through. They're getting better and better and better as you can see. We all know there's some entities in Iraq that own media and they throw it out there to throw people off. [Their name] probably starts with the letter "M" and we can go from there. Clare Article: "By names and addresses. Details of the arrest of 8 main suspects in the theft case of the century" [Find Name & Companies in original article] 1- Total stolen amounts nine hundred and eighty-two billion dinars from the tax deposit account 2- Stolen amounts two trillion two hundred and eighty-three billion Iraqi dinars 3- stolen funds / one trillion one hundred and eighty-five billion two hundred and twenty million 4- Stolen funds / six hundred and seven billion Iraqi dinars 5- Stolen funds / six hundred Twenty-four billion Iraqi dinars 6- Position: Office of the former Prime Minister Stolen funds: Four hundred and ninety-seven billion Iraqi dinars 7- Stolen funds: one hundred and twenty-four million US dollars 8- [Unknown total]🙏 Pimpy Community Comment: "Why do you think Iraq has been dragging its feet? It's because Iraq has been FIGHTING to RAKE IN all the dinar that is OUTSIDE THE COUNTRY! Once they got, let's say 95% of it, then they are ready to reinstate the value of the dinar to its old glory days." Why? They don't have to do that. There's no sense in doing that. They could just do it anyways after they delete the zeros. So no they don't have to wait to do that. They can just reinstate it anytime they want to. Sandy Ingram The news from the Middle East has gone haywire. There appears to be consistent and organized misinformation coming out of the Middle East. I will do everything in my power to report correct and confirmed news reports. MarkZ The prevailing rumor is that the Green light was set yesterday, and will go sometime between now and the 5th.
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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 You don't want to pay rent, you don't want to pay mortgage, house note, new car, sports car, insurance, vacations, all of those things that we all want to do once we come into money. No no no no no. [Keep working.] You invest your initial profit. When the investments create income for you then you go and do all those wonderful things. [Note: Consult your financial advisors at the appropriate time to find the right investments and payment strategy for your unique circumstances and lifestyle.] Jeff The budget is not posted in the Gazette. The budget hasn't been implemented because it's unconstitutional. MarkZ I am hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things . They are too preoccupied to keep slowing and stopping things right now.Rumor Margarita Article Quote: "The World Trade Organization usually intervenes in the exchange rate policy when the concerned country deliberately keeps the value of its local currency low in order to improve the competitiveness of local production and encourage exports at the expense of foreign goods," WOW! The WTO DOES USUALLY interfere in the exchange rate policy. Clare Article:"The World Trade Organization opens its doors to it. The Iraqi economy returns strongly to international competition" Quote: "The World Trade Organization has accelerated Iraq's steps to join it, following the resumption of negotiations that had been suspended for more than 16 years. The Iraqi delegation is preparing for the next round of negotiations that are expected to resolve this issue, which will open up global trade horizons for Iraq and return it to strong economic competition, in the region and the world, under a multilateral economic system."🙏
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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 The IQD Wait: What's Taking So Long? The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar's increasing value. Iraq's economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since. Nader From The Mid East Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good. I can say we are very close. Pimpy The IMF can't force countries to do a specific exchange rate. They can have input. They can talk to a county about their exchange rate but each country is sovereign. They're independent. No organization, whether it's IMF, World Bank, WTO, can force a country to use a certain exchange rate... Frank26 I think Sudani is in control of the monetary reform. I think he has security and stability and I think the international world knows it. I think all the three letter agencies are in cahoots with the CBI & GOI to go ahead and launch the new exchange rate...I think the exchange rate is either going to float at a fixed rate or it's going to float at a low rate then take some time to grow and be capped. If it's fixed at an RI rate then you know it's not going to float very much because the distance between $3.22 to where they want to cap it it's not that far and the demand will allow the gap to be reached very quickly. If it comes out at $3.22 you think I'm gonna wait around for a float? No. MarkZ Iraq has...paid off many of their loans. And Iraq has been very upfront (from finance contacts there) that they had planned to release the new rate in June. Now they plan on releasing it in the month of July. Also I have a government contact in Iraq who said “We have a new rate and will activate it soon” Clare Article: "Airlines set date to resume flights between Baghdad and Moscow”
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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: Is there other states besides Michigan that will be involved in exchanging?" There will be many. IMO all 50 sates. I don't know about Alaska. Let's say all 48 states. A lot of counties all around the world will have these private banks. The CBI needs badly to collect the 3-zero notes. It's part of their maintaining of currency inflation... Pimpy Question: "Can someone please explain why Pimpy is in this? Does he or does he not believe in the RV? I'm Pimpy and I can answer that question. Do I believe the Iraqi dinar can revalue? Yes. I'm in this because I think the Iraqi dinar will revalue. As a matter of fact it's revealed a few times. MarkZ My contact in Iraq works in a government position. He has made the comment that they have a new rate, and will activate it soon. That comes directly from Iraq.{Rumor} I seriously doubt Mark has an Iraqi Gov't official as a contact. Besides, anyone in the know wouldn't pass on such information to an American rumor monger. Militia Man The electronic age is going to allow them to spend the money efficiently. And for what? The operational side of the budget and the investment side. That's one of the key things Sudani was waiting to be able to pay for. He said he launched this program and they said they got started in implementation phase as of the 1st of July. The investment portion of it has my concern because I think that's where we're going to be looking for the real effective 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 Community Comment: "The CBI is going to wait until they're forced to increase their purchasing power." No. The CBI is going to wait until it's necessary to increase the exchange rate. Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn't mean it's going to happen. They have to do what's right for the Iraqi people. MarkZ Question: Mark...did you state yesterday that Iraq has a new rate - just not released yet? That is what I was told. ????? By whom..?? I was told they have the rate, and they will activate it soon. Sandy Ingram Iraq has the the largest foreign currency reserves in the country's history. It has also amassed a small fortune in gold, and made significant strides in developing the country.
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MarkZ There is a lot of chatter as of yesterday over the HCL in Iraq. Article: “Parliamentary committee for “Economy News” The Oil and Gas law is almost complete-this is what we hope from Barzani’s visit to Baghdad." They want you to know they are almost done with HCL. From day one I was told to look for HCL being completed, and then BAM, you are headed to the bank! Militia Man Al-Sudani told us what? The project to delete the zeros is on the table. He said $1 will equal 1.32 dinars... If you look at the math, that's dropping the 3-zeros. Samson Article: "Official: Iraq's accession to the World Trade Organization is imminent" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said something strange and interesting. Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency. FRANK: Boom! Boom! FIREFLY: They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform. Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time... And now for a stretch of the imagination..! MarkZ I have been told by a number of different sources that the system [QFS - quantum financial system] is fully in place and tested. Nothing left to do but trigger it... with a possibility (treat as rumor- as we have heard this before) of money moving for us/ currencies as early as next week. This is all coming from many, many different sources right now. Reputable sources. This is very consistent chatter with big expectations. The system is in place and they hope to trigger it. I am pretty excited...
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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 Banker ...The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources ???? that Iraq is planning a nationwide celebration for this Sunday, 30 June. There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened...Well, they had another auction today, and the official rate is the same - no change. Also, no word of a celebration - I guess your sources are wrong again..! Frank26 Question "Is it safe to give somebody at the bank your money before it's verified?" NO! ...Take care of them. Don't let them out of your sight. If you go to a bank and they say we're going to exchange the currency for you but we're going to have to take this currency and send it to the upper echelon bank...do a 180, about face, and run like the Road Runner. Get away from them as fast as you can. You never want to give up your dinars to anybody. Simply say, give me the address of that bank, and you take them. Rayren's post was pure BS, and not posted 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 Clare Article: "A new Iraqi plan to return the green bird to the skies of Europe again" Quote "The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again." Wolverine “I want you all to get ready as Iraq is going to have a massive celebration this Sunday 30 June. The RV is nearly here and it’s going to be very emotional for all of us...It would be awesome if it were true...! Pimpy I own 5 million Iraqi dinar. Nothing would make me happier than to wake up in the morning and hear, 'hey, the new exchange rate is 3 US dollars for 1 Iraq dinar and they kept the zeros on there.' I would be jumping up and down...
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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 Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open... the final issues preventing the reinstatement are being dealt with one by one...It is June already and this month is proving to be a very significant month again...my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.
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Monday Night Opinions & BullSh*t @ 11:33 PM CDT - 6/10/2024
ronscarpa posted a topic in Dinar Rumors
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "Iraq bids farewell to the list of high-risk countries" We already heard talk about them going from a black list to a gray list. Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week. This step will will also make Iraq a destination and a source of interest for major International Development and investment companies." Iraq is on the runway and ready to go, take off. Jeff The budget is approved with the dinar valued at today's Central Bank value, 1310. That's not a rate change. What brings the rate change in is for the current budget approval to be overturned. That's what you're looking for, the court's ruling to overturn the approval which welcomes a rate change. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani's making another speech. He said something very interesting. My cousin caught it. Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That's right. Remember? How many times have they been saying that, over and over. FIREFLY: However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar... And Now, Some of Mark's over the edge And a BS Rumor from Pimpy MarkZ I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations. Question: If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically? Mark: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side. The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move. MarkZ Question: Did you hear from your Bond Contacts? Mark: I do have a couple more who were told to expect theirs tomorrow…they were told today that those appointments for tomorrow are still set…and the expectations are that they will complete this time. I find this very encouraging. If we see that - I believe we can then be excited…and all bets are off on timing. Question: How long after the bonds go will we go? Mark: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time. Pimpy Let's go ahead and address a rumor that's going around: the exchange rate is going to be $28 to 1... When I heard that I damn near fell out of my chair. There's so many people kind of getting excited about...wondering is this real? You should ask yourself which currency out there currently is the most valuable? That'd be the Kuwaiti dinar - I think it's $3.22. Do you really think it [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1? Yikes. Obvious answer - NO..! -
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 Kaperoni Over the last few weeks Iraq is perpetuating that they are now moving forward with diversifying their economy in opening their financial system to the world. We will have to wait and see if they have made the necessary steps for those results. Fnu Lnu I have heard repeatedly, ad nauseam, about bank redemption centers being trained to recognize counterfeit Dinar... There is no such training being done... PERIOD! De La Rue provides computerized equipment that will authenticate and verify banknotes for 140 different countries. No human eye can be trained to see the hidden security substrate and embedded features... One merely needs to be able to feed currency into a machine and it will do the rest... The banks have been using this machinery for years and have been well trained to do so. There is NO training going on. Pimpy You guys got to be careful. When everybody's like, 'Oh, yeah we want the deletion of the zeros'. Oh no you don't. No you don't... You're all cheering it on. I was like no, don't cheer it on. That's not a good thing for us as investors. I know they're out there swearing up and down that it's off the exchange rate but it's not. The zeros come off the currency. Wolverine “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.” Clare Article: "After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and America" Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries... They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market... Walkingstick The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in. Phosphates... sulfur... diamonds... gold... silver... oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally.
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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 My [dinar] broker will be notified by the US Treasury when the rate changes. It is at that time my broker will call me. He'll tell me as of tomorrow morning you're not selling any more dinars. We are all in the same boat. There are a few of us that have fallen overboard because maybe we're too impatient or we just don't belong in this investment... But the majority, we're all onboard and we know what's going on...Sorry Frankie, but dinar brokers and everyone will find out at the same time, assuming we're watching. It will be announced on the CBI, Forex, and the news media worldwide. The UST won't be notifying anyone. Militia Man 1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions. They don't even have that much money printed. They don't even have it on their M1 etc at this point in time. They never have. There's got to be an adjustment... Samson Article: ”Iraq is at the top...the highest growing Arab economy in 2025" Kaperoni It...is preposterous to think that you're going to walk into a bank and exchange Iraqi dinar for US cash. It is a fact that most Emerging Market countries are very volatile, banks by nature are very conservative. Not happening...Market makers, ECNs or established financial institutions would make more sense to manage incremental gains.
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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 You know the competition that is going to be with those private banks from the CBI [in the US] with American banks? It's going to be massive and people don't even understand that right now. American banks are going to come after you and they know you. They know who has dinars. The US Treasury will tell them... Yes, they're going to tell them. They already told them. This is massive what is about to happen... Pimpy What is the deletion of zeros of currency? An action aimed at increasing the nominal value of money. Nominal value, NOT the exchange rate. Re-denomination, that's what this is. What is lopping off zeros? Same thing. Changes the nominal value. What is the removal of zeros off currency? ...Also known as deleting of the zeros...Re-denomination. What is reducing of zeros off currency? Re-Denomination. I'm telling you guys all those things are the same thing...You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn't change the value of your currency versus other world currencies. That stays the same. MarkZ I continue to hear rumors of the different spots that Sudani has visited. I am hearing there was a clandestine meeting with a signatory of seven of the banking families from China. Hang tight guys as we sort this over the next day or two and figure out what is hopeful rumor and what is fact. But things are very positive. Samson Article: "The Iraqi Private Banks Association praises Al-Sudani's visit to Washington" Militia Man [Iraq] is now in a security and stability and debt free state and now they're going into a state of expansion on their economic reforms, development programs, sustainable development... all of the things we've been talking to you about are coming to fruition. They're not going to do that at 1310...
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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: Sudani...is meeting with Iraqi business owners in the United States of America ...They're talking about visits that will bring more stability. They're saying they are going to return the dinar to its price and how the dollar will drop dramatically and not be used in Iraq. A lot is being said about the strength of our currency of the dinar and the meeting is over 100 of these companies. Bruce ...a lot of the sources are very quiet...Typically, that means they're under new NDA’s.This is their catch-phrase meaning they don't know anything, and haven't heard anything. There are really no NDAs ...we know that we know that Iraq is doing some things in the US... I think they're really getting ready for this – to be known internationally - their reason for this session, my way of thinking the rate on the dinar has not been put out internationally yet for everyone to know what that is - but we know that rates are on the screens – all of them - They've been trading upwards, we know that the contract rate on the dinar is still very high and we know that the dong rate is also moving up in a good direction...
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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 I believe we are just waiting on a REER (Real Effective Exchange rate) right now. The question is what are they waiting for on the timing? I hear (????) from banking contacts, government contacts, A Ministry of Finance contact in Iraq…that they just need the announcement of the REER. Question: So we wait for the REER- and then it will float up? Mark: Not necessarily. If the rate is high enough …and we believe it will come in higher and not float...We believe the REER is coming in strong. Pimpy This is [from] the World Bank data bank - Real Effective Exchange Rate is the nominal effective exchange rate in measure of the value of a currency against a weighted average of several foreign currencies divided by a price denominator or index of costs... Iraq already reports a real effective exchange rate. They report it all the time...It's reported to the IMF regularly... Yada We are practically sitting on it, all things in Iraq are in place, markets are set to explode with the increased spending in Iraq, and the REER is about to be seen. Before 4-1-24 Now that's wishful thinking..! Militia Man The 15th of April, I'll tell you this, most likely what...Sudani, Alaq, all those folks in the Ministerial Council of Economics, they're working their tails off to make sure to make sure they're ready, if not done, well before Al-Sudani shows. Because if he's coming to town and he wants bargaining chips and I'm pretty sure a real effect exchange rate is going to be one of those bargaining chips. Mnt Goat I know it’s been a very long road for us investors but we will get to the end of this and we can now see the writing is on the wall...we must...follow the 2011 plan and it is going to lead us to the RV, whenever that occurs. We can see now their next step ...we can clearly see it is VERY, VERY close, according to the interview with Salih. Frank26 Minister of Finance..in Washington DC. He's not there to see the president of the United States. He's there to deal with the exchange rate of their country not with the American dollar.
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Wednesday Early Morning Opinions @ 8:55 AM CDT - 3/27/20243
ronscarpa posted a topic in Dinar Rumors
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 We may see it by Easter…The news is so good...We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time. Mnt Goat Article: "IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES.." Quote: "Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years." OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate. -
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 There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week...People who have not been excited for quite awhile are now excited...I am also hearing similar things from my banking side...I understand that the whole process should only be a week long and that the very first things we should see is bond folks getting dollars...We...are supposed to go immediately following bonds. Clare Article: "Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington" Quote: "among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks and the debts owed by Iraq," Militia Man Their new accession law seems to be gaining traction with Iraq having accession to the European Bank of Reconstruction and Development and the FEMOZA World Federation of Free Economic Zones. The WTO is likely next in line for Iraq's integration with the international world.
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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
