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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: They say on the news the exchange rate is set to the budget for oil exchange is at 1300 dinars...that is a completely different exchange rate than what we had yesterday. 1320 was before the budget was given to us now that the budget is finished we're seeing 1300 to 1. FRANK: If that's what they are intending to do, that would be pointless because the exchange rate of 1300 would only give you pennies for the HCL. Remember, the exchange rate can be changed at the flip of a switch and back to January 1, 2023 when they determine it. Clare Article: "Chairman of the Securities Commission, Faisal Al-Haimus: Forex and trading in oil, commodities and international companies are prohibited in Iraq" Quote: "The Chairman of the Securities Commission, Faisal Al-Haimus, revealed that the next two months will witness the arrival of the Securities Law to the House of Representatives...the law will give the authority the legal support and tools to carry out its work properly. And its approval will lead to a qualitative leap in the work of the Iraq Stock Exchange." Walkingstick Everything we are seeing in the budget being shown to the citizens of Iraq...is an impossibility without a new exchange rate to match the reforms. 1300 was simply to carry it over into a new budget. Mnt Goat I feel we have been in a critical period of the currency reform program since January of this year. Now we are in a “vital” period since the three-year budget has been passed on Sunday June 11th. Anything could now happen and is going to happen. In fact, this week could be pivotal. Pimpy Article: "The government expects broad stability in the dollar exchange rates in the coming days" People out there saying, 'Oh, this means they're going to change the exchange rate.' They might or they might not, but people should not get excited and expect the exchange rate to change. I'm not saying it's not. What I'm saying to you is this - hang tight. Slow down. Be grounded. Wait until we hear 100% for sure that the exchange rate is going to change. They will not provide ANY information that the rate is going to change, They will simply make the change, then announce it..! Everyone will be caught off-guard...JMHO..! RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: JP Morgan is working with Iraqi Trade Bank...FRANK: JP Morgan is in Iraq and they're meeting with every bank that is in Iraq and then the governor of the Central Bank of Iraq says to all the banks you have to open more branches...I'm impressed. The #1 bank in the United States of America talking to every bank in Iraq. At this point it's logical they should. JP Morgan wants to take the Iraqi dinar on its back...where are we going? The International world. We're going to start on Forex...Wow...Can you say bye bye to the sanctioned rate? FIREFLY: We understand that and it's all been on television all day. Kaperoni More good news...everyone was wondering what's going to happen now that they pass the budget? Well it seems the next process for Iraq is for Parliament to pass a new Securities Law...Over the years we've talked many times about Iraq needing a new Securities Law in order for them to open their private sector internationally, trade and support the private sector...New Securities Law...should open the door for Iraq to float their currency. MarkZ The Iraqi people believe there is a revaluation imminent...Let’s talk about rates. We are seeing rates all over the board in Iraq. …The official rates have not changed yet. Iraqi people are holding onto their dinars…they are getting rid of US dollars and other foreign currencies and hanging onto their dinars. After the passed the budget in Iraq they wanted to see the dinar grow stronger. It seems the dinar is substantially stronger than the official CBI rate right now...Where in the world do you get that BS information Markie...The street exchange rates and the Al-Kifah Stock Exchange rates indicate that it's far weaker..! Militia Man Budget '23,'24,'25 Approved. Hasn't yet been signed by the president of the Republic. He's not in Iraq, but in Europe..!
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