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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... So, take everything with a grain of salt ... RON PompeyPeter The most important thing IMO...we're waiting for is the release of the 2024 budget with amendments which contains the new International rate. That new rate will be applied to the budget upon release. We have not seen that budget release yet but we hope, pray and believe that it's extremely close... Fnu Lnu When it comes the issue of money transportation to and from the bank at exchange time, any thinking person would already have their currency in a safe deposit box, so when the time comes, you transport your currency a matter of feet, within the confines of the bank, with armed guards standing by. Or better yet, and far more intelligent, have your currency in a depository. Then you hold an SKR ( Safe Keeping Receipt) which you present to the depository and THEY transport your currency to the bank. [Post 1 of 2] [Note: Consult your financial advisors to learn the pros and risks of holding currency in a bank's safe deposit box or with a depository.] Fnu Lnu You can also have arrangements made with the bank where you can present your SKR to the bank manager and he will summons the currency from the depository. This armored truck, escort business is just plain silly...I have my currency in a depository and I hold an SKR. The buyers have their payment for my "Private Contract" sale, deposited into a COLTAF account, and when the big event happens, I do nothing at all. I just check my bank account online to make sure the amount is proper. BTW...there is still time to take your currency to the bank and put it in the safe deposit box. [Post 2 of 2] [Note: Consult your financial advisors to learn the pros and risks of holding currency in a bank's safe deposit box or with a depository.] MarkZ I have had some feedback from some in high levels who say “Foreign officials in Iraq have confirmed that yesterday’s test rates (Referring to Saturdays test rates popping up on dinar and dong) are 100% legit." is it showing on some exchanges? Yes. Is it fully released? No. So it is showing there but not compete yet. Question: What were the test rates they saw? Mark: One of them was $.39 cents for dong and most saw rates of upper $3’s to lower $4’s on dinar. I am starting to get excited. Clare Article: "Planning announces full readiness for the census.. and this is what will appear in the initial results" Quote: "The census will be conducted on the 20th and 21st, and we will have the preliminary results within 24 hours." Militia Man Article: "Al-Qassab: Iraq is able to achieve a plurality of financial revenues" Moving to the non-oil revenue streams is going to be good. The non-oil revenues are the upgrades to this vehicle that will drive Iraq into the future. This is big. It's the beginning. Financial plurality is important with financial revenues. Obviously they have a focus to opening up to the world, engaging that private sector and having the non-oil revenue streams coming from the private sector, that's what's going to make this place rock-n-roll... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq. And he spoke about our reserves...He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it. FRANK: The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back. I told you I was going to give you value, purchasing power. [Post 1 of 2] Frank26 [Iraq boots-on-the-ground report] FRANK Continues: Sudani is so close to giving you what he promised you that he is now defining it even clearer. For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally. Sudani is on the edge of giving you what he promised you...your new exchange rate and your lower notes. [Post 2 of 2]
  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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: They tell us on July the 18th we will be official but they keep hinting that we're already part of the WTO. They got some guy from the WTO saying that the WTO got this on our WTO calendar already. The newscast saying that is the day Iraq is fully accepted with no hold back or limitations on our currency. FRANK: This is very good news. IMO the new exchange rate should be well before that date. MarkZ On the Treasury side the rumors are dropping left and right. Everthing from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors - same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose. Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…things still look great. Clare Article: "Dinar Explainer 1: Why Iraq has Two Exchange Rates" Quote: "On a recent webinar organized by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate..." 1. Excessive Demand for US Dollars Internationally. 2. Internal Demand for Dollars. 3. De-Dollarization Efforts by the New York Fed: The New York Federal Reserve has restricted dollar transfers to reduce dollar flows to Iran and Syria. They have also excluded over two dozen Iraqi banks from transactions, which has increased the complexity and demand for dollars in Iraq. Pimpy Article: "Customs complete the first phase of the automation project and reveals its revenues within 5 months" They've been kept in the dark ages for a long time. Everybody was doing everything by paper and pencil and it was kept that way for a reason. Banking and other institutions are seeing their companies change with this new technology are going to be excited. It's going to make their work a lot more efficient...it's only going to get better for Iraq. This is one of those way they can generate revenue other than from oil. This is exactly what they need to diversify. Quote "revenue rate will raise by the end of this year to 200% from what it was in 2022." That's a hell of an increase. It's going to boom over there. MarkZ there are some things out of Iraq that should make us feel good today. Article: “The President of Iraq approves the 2024 budget schedules” Rashid approves a number of laws including the 2024 budget tables. My contacts over there are saying they got the budget tables posted in the Gazette, but did not get a new rate. No kidding - we kept telling you it's not in the budget. They let us know that they figured the budget of 2024 on an average price of a barrel of oil at $80 USD. This is progress.
  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... So, take everything with a grain of salt ... RON Walkingstick The ATM machines, they're all poised like centurions that are standing there. These ATMs are guarding the lower notes. It's time for all of this to come out now. It's just the budget we are waiting for. We're not waiting for any laws, we're not waiting for any new procedures. Clare WTO Article: "FORMAL WORKING PARTY MEETINGS 2024 on 18 July 2024 - THU 18 JUL 10:00 Working Party on the Accession of Iraq" Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO. This is going to be official, July the 18th. FRANK: To join the WTO Iraq does not need a currency with value. No, that's not the point. Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market - whatever the case this is very good. Let's hope this information is correct..! MarkZ Something fun popped into the news yesterday, both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July. Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July. That tells us how stinking close we are. Why would they need these lower denominations - unless the currency is worth more? Let's hope this information is correct..!
  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... So, take everything with a grain of salt ... RON Militia Man Iraq...increased their non-oil revenues by 6%. That in itself is a massive amount. Is it going to grow? Of course it's going to grow. They're just getting started. It's going to be amazing. Frank26 Is Iraq a member of the WTO? 'Well, Frank you say they're a member of the WTO, they qualified for it.' But do you see any official paper that tells you they're a member of the WTO. 'No.' Why not? Until you see the new exchange rate. 'But you don't have to have a high exchange rate to join the WTO. Why do you say something like that?' Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq. Mnt Goat The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear. MarkZ I have been in touch with a number of contractors - projects that were moth-balled and stalled now suddenly have funding in place. 2 contractors in Iraq believe they will see their rate (about $3.90) this week for their projects. I find this very interesting. Where is the money coming from to start these massive projects. Their whole budget is about $162 Billion. But one contractor was told they are getting ready to start a $150 billion dollar project. Which means there is a lot more money moving than what we are seeing right now. Tuesday Midnight Opinions Clare Article: "Notice on the Continuation of the National Emergency With Respect to the Stabilization of Iraq" Quote: "The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States...I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303." Militia Man The executive order 13303 was signed by the United States President. I take it as a positive...What does it mean? It means to me that there's some protections for Iraq...and also protects the interests of the United States of America...I'm really excited to know that they have signed it...a couple days early. MarkZ Question: What do you think the new rate for Iraq will be? Mark: I could be wrong but, I think the rate will start about $3.90 or so. But we are totally guessing. Frank26 THE MOMENT THEY RELEASE THE NEW EXCHANGE RATE AND NEW LOWER NOTES... THE FLOAT AUTOMATICALLY STARTS ON FOREX! That's the float that's going to take it to the real effective exchange rate.
  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... So, take everything with a grain of salt ... RON MarkZ The calls out of Iraq...have been phenomenal. A couple of sources there are reaffirming that everything is finished on their side. They are waiting for the US Treasury assistance to release. They have told me it could be any moment to a couple weeks - but, they expect it very soon. But they stress that their end is done. Frank26 I've always said that when it would happen IMO it would be from a Saturday night when you're asleep to when you wake up on Sunday morning. Saturday into Sunday is what I've always said. Sunday into Monday is illogical because that's a second day of the week. The first day of the week is when you would officially kick the football and start the game.
  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... So, take everything with a grain of salt ... RON MarkZ If any of you are questioning if this is ever going to happen …I want to give you some reassurance…. Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: Article Quote: “Parliamantary Finance and CBI discuss increasing the DINAR and controlling the market”. In other words they need to remove restrictions on the banks and increase the value…that is how they control the market...They are still openly talking about it…again. Militia Man ...If they adjust the exchange rate and delete the zeroes who's going to need the dollar when they apply the new Real Effective Exchange Rate to it? Nobody is going to need the dollar because the dinar is going to be stronger than the dollar and that's my opinion. We are in a situation where ...a political crisis...or surprises could change the exchange rate and that could come within hours... Tishwash Article: "Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar and control the market" MarkZ Question: Anyone heard anything about Iraq going by itself - not all countries? Mark: A person in our community had an interesting conversation. He has a personal relationship with a banker. Quote: "Met for dinner with a banking executive...the banker told me about the basket, or first round is going to be only the Iraqi dinar and the Iranian Rial. He said those countries are gold backed and their internal banking systems are more set up…more so then the others are. The dong should be ready to exchange by late fall...He did not know about the shotgun start and said it will be easier to roll them out piecemeal..." [post 1 of 2] MarkZ I take it as a very good sign...It is encouraging to hear an active conversation about it and that it’s going soon...I am still hearing that the majority of the currencies will be going all at once. But, its best to be prepared. Question: if Iraq and Iran go first and alone, I wonder- will the currency still be allowed to float? Mark: I would assume “YES” …I believe all currencies will be allowed to float after this. Because of the underlying asset values. [post 2 of 2] Babysmom ...THE DINAR RATE OF $1.32 IS WHAT THEY ARE HOPING WILL COME OUT IN IRAQ. BGG Article quote: “The Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely to significantly increase Al-Sudani’s popularity.” ...The article was published yesterday & I am suspicious of it’s veracity and timing. It always seems to get tossed around during election season. Furthermore, how they decide to get from 1320:1 to 1.32:1 is another story entirely...Everyone will get all excited, when in reality… even if this is a legit move – it could still go 20 different ways. Mnt Goat Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!
  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... So, take everything with a grain of salt ... RON Pimpy Can the Iraqi dinar get as valuable as a Kuwait dinar? Of course it could. There's a lot of hurdles there. Are they [Iraq] going to be reinstated? No. Two different stories. The invasion and occupation [of Kuwait] was about 7 months...The Kuwait government was still able to do business as usual outside of Kuwait, use the money they had in their reserve fund. Iraq did not have that, not to mention the fact that Saddam Hussein... printed the hell out of the Iraqi dinar causing the value of the Iraqi dinar to drop...You can't compare Iraq to Kuwait because there's no comparisons... MarkZ The market crash is looking closer and closer. More and more economists are saying it is likely …Jaime Diamond [CEO J.P. Morgan Chase] recently said the Iraqi dinar is going to save the worldwide financial system. So will we see the crash and then bam…they pull the trigger??? As we indicated before, when Mark made this statement, NOWHERE could it be verified that Jaime Diamond ever made that claim..! Paulette This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. [Post 1 of 2...Reposted] Paulette ...What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency. [Post 2 of 2]
  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... So, take everything with a grain of salt ... RON Frank26 Question: "Do you believe one more move to 1,000 or RI?" It looks like 1310 might be what they were seeking. Maybe a dollar is not enough. Pimpy You can still see Iraq is taking the steps necessary to deal with corruption, update all their systems so they can keep better track of things and continue down the path to joining the international community...Iraq has taken all the steps necessary...It's looking very good for Iraq as long as they stay on this path... MarkZ Comment: ...contacts in Iraq...think it will go between the 10th to the 24th of March. Mark: That’s the general consensus amongst my Iraqi contacts as well…. We will see how it plays out. MarkZ Comment: I think .76 cents is a sucker rate. Mark: I also believe .76 cents would be a sucker rate. Comment: Maybe .76 cents prepares the forex market for what is to come. So $3.50 to $4.25 won’t surprise them? Mark: I agree and it also prepares the people for a different rate. This big a change needs to be prepared for.
  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... So, take everything with a grain of salt ... RON (PS:) These three are over the top and NOT to be taken seriously..!! Judy Byington ...RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments around Thurs. 29 Feb. or Fri. 1 March... MarkZ [Reference Mnt Goat post 2-27-24] That totally fits with what we heard over the weekend. They are having very open conversations on television, articles…you name it. Plus a committee to help stores and markets reprice goods. Bruce ...we could get our notifications Thursday, which is the 29th of February...start exchange on first of March, which is Friday... Everything is moving in the right direction...So let's see what happens guys.
  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... So, take everything with a grain of salt ... RON Pimpy Question "Just be blunt...Make it simple. If someone holds a million dinars what is the most one can get from this amount over the next several years?" I've been blunt about this...It depends on how long you hold it. Let's say it starts to go up in increments like I think it's going to happen, you have to look at your 1 million dinar and think to yourself, 'Am I going to be happy with the current exchange rate.' It really depends on when it gets to a rate that you like. As long as they can stay out of conflict, continue moving forward like they have with reform, getting back in the World Trade Organization, showing back up on Forex, these things are very important on giving value to the Iraqi dinar. Militia Man Iraq has done the things they needed to do to be Article VIII compliant. They're going to stop the dollar auctions. They're going to have freedom of capital movement...That's going to create investor confidence. And that investor confidence is going to come from the investment law, freedom of capital movement. Frank26 I don't plan to go to a bank. Can you imagine? ...I got 10 million dinars, here...Personally I don't plan to go into a bank to exchange my currency. I will have a team...I'm going to have my lawyer get a hold of the bank and say, "I represent Mr. [Frank26] and Mrs. [Frank26] and they want to make an appointment for you to come to their house and collect a large amount of foreign currency"...My lawyer will already know exactly what the bank is going to offer me...The less contact I have with the bank the better...If you have a small amount then you're going probably go into the bank... Kaperoni If Iraq and the dinar is ever going to rise in value it will be based on Iraq's own economic success and growth of their economy, GDP. Only then can Iraq float the dinar to allow the world to determine its value based on supply and demand. Fnu Lnu International attorneys told meWhat would these attorneys know about such things - BS...there would be ten off premises exchange locations allocated by regional population throughout the Nation. I am assuming they are using the 10 United Nations Regions, roughly the same as Federal Regions...I was told...there would be an exchange facility in the most heavily populated city in that region. For instance, Region ten encompasses Washington State and Seattle would be the location for that region...Also, by Off Premises, I mean locations that were NOT inside banks but usually nearby to a participating bank...These are what the unlearned are calling Redemption Centers. Clare Article: "Economist: The window for selling the currency ends in 2024, and the central bank will devote itself to supervision" Quote: "The Central Bank of Iraq decided to end the currency window process and adopt correspondent banks as an alternative. There will be a new mechanism to provide currency for transfers without returning to the currency window or the electronic platform." MarkZ Out of Iraq Article: “Finance Committee sets date for 2024 budget tables to reach Parliament” This includes the HCL and funding for regional governments. This is moving forward within 10 days and could be a key piece we are looking for. Pimpy Don't forget Iraq is on self-imposed sanctions. Until they are cleared and there's no more restrictions over here [In the US] it's not gong to be that easy for you to find a place to exchange your currency. I'm not saying it's impossible...I reported Chase bank...was one of the banks you can go to...It's not going to be some fancy rate. It's going to be at whatever the current rate is at the time... Militia Man When have we seen banks openly talking and expressing, 'We know this is happening. We're talking about it.' Oh, yeah, things are going in our direction!
  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... So, take everything with a grain of salt ... RON Mnt Goat ...I talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates...[Post 1 of 2-stay tuned]
  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... So, take everything with a grain of salt ... RON Frank26 If I was the CBI I would tell all my children that I'm going to give them pictures of the new small category notes that are about to come out...If I was the CBI I would not give them the exchange rate and the new currency together...the last thing we need is mass confusion ...If I was the CBI... Last Tuesday and Friday I would have told all my children, all my banks that within the next week or so to be prepared ...If I was the CBI I would say the next phase in the monetary reform is to make sure everybody outside of Iraq understands that we are about to retrieve our 3-zero notes...Iraqi citizens are already being told to do this. Militia Man Article Quote: "Iraq is better off now every than it's in its financial history." Even at a program rate, even at where we've been and what we've seen the central bank has probably done the job that they said they were going to do...Bottom line is Iraq has reserves...gold..more natural resources found, probably proven or probably...That is huge. MarkZ In Iraq we are being told “Denomination specimen sheets” are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations...If Iraqi banks are indeed doing this…we are awfully close. Clare Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote: "All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history." Walkingstick [Iraqi Bank Friend Aki update] Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!' Pimpy Is it possible the exchange rate of the Iraqi dinar increases and for whatever reason we can't benefit from it over here in the west? ...I want to make money off the Iraqi dinar but not at the expense of the Iraqi people. The thing that's most important is that the people in Iraq prosper from this, they've been suffering a long time...As far as the people in the west not getting a taste of this wealth, the only thing I can think of is the exchange rate changing and for whatever reason Iraq is still on sanctions so we have a hard time finding a place to exchange our Iraqi dinar because a lot of people aren't going to have the money to go fly elsewhere to exchange...That would be a scenario I think that could play out... Frank26 [Georgia Trust Bank story follow up from last week] BANK VISITOR: The lady I was supposed to be speaking with was out with the flu... [A new financial advisor] calls me and honestly it was a little confusing because the guy...acts like he didn't know anything. In fact...he said...I'm pretty sure this is a hoax. FRANK: First recording [story]...the lady says we know, we're preparing. Here is at the same bank with another officer that says [the opposite]...The same bank, you had people that know what's going on and then you have another person that doesn't know what's going on. One gives positive information and one gives negative information. They're both from the same source. That's the problem with a speculative investment. The evidence is out. It's not a secret... Mnt Goat ...I talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates..[Post 1 of 2 Reposted] Mnt Goat ...the rate will be whatever it is in the QFS system when the time comes to reinstate it. This will be the starting rate. All they need to do is bring it over to FOREX by mapping it from the QFS. It is a simple process. It will most likely be around $3-$4 when it does come out...Yes, when the IQD rate does come out, it could vary but only a drastic change in the price of oil will affect it. However, the projection is for the price of oil to hover around $70-90 this year which will still produce an IQD rate well within the range we investors want..[Post 2 of 2 Reposted] Hope this is true...! 👍
  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... So, take everything with a grain of salt ... RON MarkZ ...Rumors...from every corner of the “blogisphere” …they are saying the CBI has released rates to the government of Iraq and Iraq has released those to all the central banks in the world including the US…and that everything is locked and loaded. That is the chatter. This is very doubtful, because if that was done, the whole world would know it by now..! It would be impossible to keep it a secret. On Sunday, when the CBI has a Daily Auction, we'll find out that this was another false rumor. JMHO...! RON
  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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: There are many reports coming out today from Sudani people indirectly through the CBI telling us the amount of corruption here in Iraq is still staggering. They are finding ways to seal our currency...FRANK: It is extremely hard for you guys to deal with your currency when...the currency you do have is being stolen. MarkZ The news continues to be great…Things look great and I’m not hearing anything negative...We just have to wait and see what is real …We are getting so many things thrown at us…we don’t know yet what is accurate...Most groups are looking for over the weekend or first of next week…let’s see what happens.His story is always the same..! Walkingstick The only thing missing is the lower denoms and the new exchange rate. Everything else is in position.
  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... So, take everything with a grain of salt ... RON Frank26 Article: "Dollar exchange rates in local markets recorded a decline today...this list" The dollar exchange rate is dropping like an anvil in the middle of the pacific ocean. Samson Article: "The Central Bank announces the imminent issuance of decisions to support the Iraqi dinar" Frank26 [Iraq boots-on-the-ground report] FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate. FRANK: I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January. Mnt Goat The CBI is still closely monitoring the parallel rate...the parallel rate is expected to decline sometime in early January and at least match the CBI “official” rate. At that time the CBI will revalue the “official” rate to much closer to if not at 1000. Then again drive the parallel market to match it. This may take some time but I am being told they are talking weeks and not months... my CBI contact tells me we are almost here now and with the opening and spending of the 2024 budget and currency swaps with other neighboring countries for trade, it should finally break the parallel market and end it. MarkZ There are some very key meetings going on around the world on Iraq...Around the 12th through the 19th…. The banking side keeps telling me to relax because its done…and we should be able to see it soon. Problem is I don’t know what “soon” means anymore.
  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... So, take everything with a grain of salt ... RON Mnt Goat ...2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000. This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable...It’s all very good signs but now there yet. [Post 1 of 2] Mnt Goat My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want. We need to keep our eyes on the CBI “official” rate. When this rate drops again, I was told they will move ahead on the project to delete the zeros. They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year. [Post 2 of 2] Pimpy Question:"What's the difference between a dirty float and a managed float?" You have a fixed rate like we have now... where they come out and say you get 1320 dinar for a dollar, fixed. Then you have two types of floats...Free Float - that means a market determines the value no ifs, ands, or buts. The market determines the value. That's a free float. A managed float is the same as a dirty float. That means the Central Bank of Iraq will watch what happens in the free market, like Forex, but if it goes too far in one direction...then they intervene. They'll do something to control the exchange rate to keep it from getting out of whack. Frank26 Question: "...Some of the banks I called said they're going to send them to another bank and inspect them and then bring them back?" What happens if the Brink truck as it's driving to the the other bank gets robbed? 'We will replace the dinar.' No you won't. You'll replace the value, which is ka-ka right now. Don't ever lose site of your dinars. I told you take pictures. You just need pictures of the front of your dinar not necessarily the back. The front has the batch number and the serial numbers. That's what's important.
  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... So, take everything with a grain of salt ... RON Militia Man Iraq is not going to be at a pubished rate. They're going to have a real effective exchange rate (REER) coming in the future. That's what our expectations are and that's what the citizens of Iraq's expectations are. Pimpy The year is winding down. I would say Iraq did pretty good despite all the BS that's going. We are looking forward to 2024, hopefully with a lot of great news as Iraq continues to move forward to do what's best for the people of Iraq. MarkZ There seems to be a lot of fear about redemption centers. What I refer to as redemption centers are participating banking institutions. You can call them what you want. These are banking properties with banking personnel trained to handle foreign currency transaction and verify them on-site instead of sending them off somewhere... Nader From The Mid East I don't believe in redemption center. I don't believe in that. I believe in banks and exchange offices. I don't believe in redemption centers. Sandy Ingram Why are we seeing reports of a meeting with the IMF in Jordan and a meeting with the Department of the Treasury and the US Federal Reserve in Dubai? ...The meeting with the IMF had to do with the IMF staff team helping the Iraqi authorities reform the banking system...This meeting more than any other tells us Iraq may be preparing to join the global financial network, aka Forex Market...Here's the bottom line. Iraq has never really been on the Forex market. These reports IMPLY Iraq is headed in the direction of international currency inclusion while using its own currency for transactions within th country beginning January 1, 2024. MarkZ Question: What does you gut say Mark? Mark: My gut feels it will be at the bridge of 2023 to the first of January. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate. They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days. Walkingstick They are telling the citizens in the middle of January the IQD exchange rate will finally match the official exchange rate of the CBI. What is the official exchange rate of the CBI high now? 1310. Do you think it will stay at 1310? No. No matter what the CBI exchange rate is in the middle of January the CBI is saying the market rate and the official exchange rate of the CBI will be the same. So it could be an RI rate. Or it could be at 1310...It really doesn't matter what the rate is. As long as they are the same... Militia Man We have been watching some of the most fantastic news articles...We can clearly say we have the confidence Iraq is going to be going international...We see evidence of that in a lot of different ways...They're doing things in a big way...The U.N. is saying Iraq has emerged... Pimpy Iraq has taken the necessary steps to strengthen the Iraqi dinar. We know there's restrictions on the amount of money Iraq is receiving from the US. But doing that has put the pressure on parallel market because they don't have enough dollars to trade...on the black market ...causing companies to have to use the official exchange rate instead of trying to be sneaky on the parallel market. That means they have a stronger Iraqi dinar... Because of that they have more purchasing power... This is why I think as time goes on you're going to see the Iraqi dinar go up in increments. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about Fils and what they will mean to us. FRANK: What are fils? Coins. Because they're coins [REAL metals] and not fiat [paper currency or numbers on a screen] they are pip incremental increases FIREFLY: They're talking about coins they are going to give us along with the lower denoms. They're saying the battle with the dollar is soon coming to an end. Mnt Goat ...there is always one news article to grab my attention and stands out from the rest...WOW, WOW, WOW news. It says that the purpose of foreign currency in Iraq is to deal with it outside the [national] economy, so it is not possible to consider the existence of a price in the dollar and a price in the dinar: one rises and the other falls. No monetary policy can control such a situation...Folks this is just what we have been waiting for so long to hear...This is huge news. [Post 1 of 2...Reposted] Mnt Goat They are finally getting off the sanctioned use of ONLY US dollars for trade outside Iraq. Yes, they are beginning to act now like they are out of the UN 1991 & 2003 sanctions, that by the way, happened over a year ago. So, yes, it is about time. We all should be jumping for joy and maybe even taking a couple sips (I said just a couple) of that refrigerated champagne… lol.. lol.. lol. Save the rest for what is coming next and that includes going to the bank. [post 2 of 2]
  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... So, take everything with a grain of salt ... RON Walkingstick They have told them [Iraqi citizens] a change is coming. Do you need another clue? Come January 1st what are the citizens supposed to do? What are they supposed to use? Should they continue to use a worthless currency? Should they continue to live in misery, poverty, when they were promised other things? Iraq will be another Dubai. What more can the CBI do after the first? Reinstate and float. That will make the Iraqi citizens very happy... Frank26 1 to 1 is stupid...Did they not say their desire is to be on par 1 to 1 with the American dollar? Did they not say their desire is to take that relationship and de-peg from the dollar and go into a basket where the dollar, ...instead of being pegged, will be paired with the dollar along with many other currencies...They told us that did they not? I didn't make this up in my imagination. This is the monetary reform plan...They told us about what is going to happen on the 1st...1 to 1 in a basket to start out with? No. IMO when it comes to calculating...look at inflation factors...M1, 2 and 3 figures ...No - 1 to 1 is stupid...it's ridiculous. MarkZ In Iraq Article: “Central Bank achieves a new step in the right direction to regulate foreign trade.” Also the CBI just wrapped up meetings with the US Treasury and the Federal Reserve about “Becoming International” and they are content with the changes they have made for Iraq to be fully recognized internationally. Breitling Question: "These articles that keeps coming out where starting January 1st commercial transaction will only be in dinar - How significant is that? To me it sounds significant." Yeah, that's a big deal. It is. It's a super big deal because at a minimum it's the beginning of the end for them raising the value of their currency. It will be the beginning of it for sure. Jeff You'll be able to go to 53rd Bank on the east coast [to exchange your dinar]. I've already consulted with them. You'll be able to exchange your foreign currency there and they won't charge you any fees to exchange your foreign currency.. [Rumor] Clare Article: "Iraq agrees with the UAE to launch financial transfer and trade financing operations between the two countries" Quote: "The Central Bank stated in a statement...that Central Bank Governor Ali Mohsen Al-Alaq met in Dubai with the Chairman of the First Abu Dhabi Bank Group, Hana Al Rostamani, indicating that during the meeting it was agreed to launch financial transfer operations between the two countries and finance trade and imports between them. Iraq and the United Arab Emirates in the UAE dirham currency through First Abu Dhabi Bank" Militia Man Iraq is presenting that they're going international and they have been talking about it for a long period of time. They've actually doing it for a long period of time and they're coming to fruition to where they've publicly told us they were going to start spending money and that could be as soon as around the 20th. Then you have the end of the year dinar only. They have the taxation in dinar on the same time frame. These little bits and pieces they feed us, their time frames, we put it together...and we'll see how they roll out in the coming days. It's a phenomenal process... MarkZ Most of my Iraqi people think we are within a couple of days. My banking people think we are within a couple of days. Just remember we don’t know the timing. But I am super excited.[Rumor] Frank26 Question: 'How fast do you think the rate will increase [Once it floats]?' Frank: I always thought within a year. [Now] Anywhere within 3 to 6 months IMO. Samson Article: "The Governor of the Central Bank visits the branch of the International Development Bank in Dubai" Walkingstick Q?: [Why only [spend] 20% [of their budget] in 11 months?] IOO they're waiting for a new exchange rate. They're going to use their currency...pressure will be reduced on the citizens by adding value to their currency...Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing. IMO they are telling them all so they will understand where the monetary reform process is at at this moment. Pimpy When this thing happens and it's gonna happen...we have no idea about 2024. That doesn't mean it can't happen in 2024. I'm anticipating a rate change happening in the first quarter as they get away from using the dollar and they use the dinar more, as they start doing business with these countries they did a currency swap with, the demand for dinar will increase and is it'll go up in value. Frank26 [Beaver West Virginia Chase Bank Story] BANK STORY LADY: ...I got into the wealth department...The lady was very pleasant and nice and she said, ma'am I do have the currency...She explained they should be all set up a week from Friday. FRANK: I guess it's no secret. Bank Story Lady: I said I would love to be your customer. You respect me, I will respect you...I asked what would I need to do? She says just come right up in here to this branch office and we'll take care of you. FRANK: They're ready to do exchange with any foreign currency but they're not ready for the dinar until a week from this Friday. Bank Story Lady: ...I said I do have dinars, but I do have others...[she says] Yes ma'am we should be ready a week from Friday. FRANK: They didn't deny the dinar will be exchangeable, they told you we'll be ready for the dinar a week from this Friday...that's the 21st or 22nd... Mnt Goat I asked [my CBI contact] what the next targeted steps were and I was told that the committee does not even know and were told just to standby and the CBI is going to try to “push” to continue as they are ready for the next step in the process. I was told the IMF is negotiating the new peg for the dinar but to remember it impacts all countries in this new peg not just Iraq. I was told this is close to being completed and should be done this week ending. This lines us up for next week to begin the currency sway [swap ?] out, but they told me it is delayed until further notice. [Post 1 of 2] Mnt Goat So, at least we now have a timeline when they did plan it and still could do it based on what happens with the US bombing issue. My contact did reiterate that the process now is irreversible and must go forward. The US had already given assurances they would not back out if the CBI moved ahead. So all I can say is let’s sit tight and watch what does happen in the coming week. [Post 2 of 2]
  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... So, take everything with a grain of salt ... RON Jeff The reforms are absolutely waiting on the rate change to implement. They can't implement the reforms without changing the rate. They're telling you the rate change itself is very clearly waiting and has been waiting this entire year on these [provincial] elections... Samson Article: "Al-Sudani congratulates the winners of the local elections and invites them to interact with his government’s plans" MarkZ Bank Story: From a member "I went into my local Chase bank to withdraw some cash and the teller asked me if I would wait one moment. I asked her if everything was all right with my account and she said yes. Moments later the bank manager approached me and introduced herself. She took me to her office and asked me if I still had the Vietnamese Dong that I had purchased. I told her yes…. She smiled and shook my hand and said she looks forward to doing business with me very soon.“ MarkZ: I’m sure the teller had a notice flash on her screen telling her this customer purchased foreign currency. Pimpy Article: "IMF expresses optimism about non-oil financial growth in Iraq" This is a major must for Iraq. They need... non-oil financial growth...They can't get to this fast enough. They can't get this to grow quick enough. The fact they rely so much on oil is going to hurt them instead of benefit them...If oil prices fall, they're back to square one and they'll start devaluing the Iraqi dinar if they can't find alternative to generate revenue for the state. Frank26 Article: "IMF Staff Concludes Staff Visit with Iraq" FROM THE IMF, FROM THE HORSE'S MOUTH... GIVES PERMISSION TO PULL THE FINANCIAL LYNCHPIN ON THE GRENADE OF THE MONETARY REFORM! Just Frankie's Hopium speaking. MarkZ Question: Will we see this before Christmas? Mark: We don’t know - but, most of my contacts say we will…Not very likely, IMHO..!
  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... So, take everything with a grain of salt ... RON Nader From The Mid East In January we'll be using the dinar only. 1st of January is going to be a big step. A big change...Wait for the first of January, that's when things are going to start happening. You might see the deleting of the zeros or the new currency in January... Somewhere or somehow or some when it's going to be 1 to 1. Sandy Ingram Iraq cuts oil production by 223,000 barrels per day voluntarily. Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement. Militia Man Article: "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK" This data supports all that we have been seeing where Iraq is going international. It is coming out strong and to the point from the horse's mouths. For those that doubt it still.. Good luck. Kaperoni There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV. Sheila Iraq's elections days are 18th and 19th. Rumor has it they will release the new exchange rate post election...we shall see if that's true or not in the coming days. Frank26 There is hidden information being revealed in these [This week's bank story] phone calls...They're running out of time...The Venturi effect of the whole monetary reform is becoming so narrow he can barely get everything through fast enough right now. The employees are being educated/updated. Very good. They are telling them the dinar...we'll be doing it, sure...The banks know when and they're getting the customers ready and preparing them...This is what I am coming across...You may be still getting a lot of denials and that's still to be expected, but I am a central hub of information. People call me because they want me to share it with you...these bank stories are powerful. PompeyPeter The head of the armed forces coming out and saying the whole of the armed forces from Wednesday to Wednesday starting the day before yesterday through Wednesday of next week are on the highest level of alert in the whole of the armed forces. Level C...It's like a bloody call for a war, reservists and so on. It's saying it's because of the election on the Monday the 18th...That makes no sense. Most countries like here in the UK and the US we don't have a day off for an election. Last time they had council elections they only had 40% turn out. Pretty apathetic. It's Iraq, they give them a day off. Now Sudani says they have two days off, Monday and Tuesday. Now we hear the whole bloody army's been called up on massive stay of alert. [Post 1 of 2] He's wrong about the "only 40% turnout". In many districts they are showing 78% indicating to vote. Voting lines were already forming. RON PompeyPeter I'm thinking these are council elections, no body give a fiddles fig about these things. Very strange. I thought, hmmm, new small category notes, ATMs, a lot of people trying to get into a bank to change their notes...Thinking about it, they may want the army involved to protect movements of new notes and coins...The 20th they've got 5 days to spend the big chunk of the budget that's been sitting there waiting for over 11 months. Why? Because they don't want to spend it at 1300. It's too expensive....It would seem perfect timing perhaps they mask these elections with something else which may or may not be the rate change and new small category notes. That's my eye on the prize today. Could be wrong. Just my opinion. [Post 2 of 2] That's an interesting prospect, and could be possible - hopefully Kaperoni is very wrong...LOL..!
  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... So, take everything with a grain of salt ... RON Frank26 Article: "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK" Quote: "During the coming year, the Iraq Economic Contact Group welcomes further cooperation to support the development of the economic and financial sector in Iraq, including Prime Minister Muhammad Shia al-Sudani’s policies to enhance the value of the dinar and oversee monetary policy. A clear announcement of the new policies regarding the dinar during the transitional period..." WHEN IS THE TRANSITIONAL PERIOD?... STARTS DEC. 20TH FOR 5 DAYS. Militia Man Romanowski [US Ambassador to Iraq] had her G7 meeting...She's taken photo op with the G7 supporting the reforms of Iraq. That's powerful stuff. Article Quote: "...during the coming year the Iraq economic contact group will further cooperation to support the development of the economic and financial sector in Iraq including prime minister Al-Sudani's policies to enhance the value of the dinar...This is a clear announcement of the new policies regarding the dinar during the transitional period..." That's a drop the mic you guys. Phenomenal...In other words if you're going to enhance the value of the dinar something is going to change. MarkZ Iraqi Article: “Statement of the Iraq Economic Contact Group of the G7, European Union and World Bank” They had some phenomenal meetings over the week about the tremendous progress that they have made in Iraq. This is coming from our own US embassy and consulate in Iraq. They talk about the budget and how it is “life changing” to Iraqis…. Even more important is what is going on in the streets of Iraq in the last day. Sudani is explaining to the citizens that they need to pay attention to “valuations”. Excpecially in shopping and in stores. This is because they are strengthening the dinar. Pimpy Question: "Does this electric payment system have anything to do with the Iraqi dinar exchange rate?" Installing it is not going to make the exchange rate change but, what it does do is it will influence the exchange rate. There's a huge difference...How it does that is...if people all have an ATM card...then there's an increase in transactions ...that will help influence the exchange rate. But just installing the payment system has nothing to do with the exchange rate...the exchange rate is not going to change because they put it in. Breitling Question: "When it does revalue, when do we get out? How long do we wait?" That depends on your own needs. Are you trying to get a house? Are you trying to pay off a loan? What is it because once you hit that number get out. Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out! Diversify. Get into something else. Don't just stick around. [Post 1 of 2] Breitling The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want. You have to be realistic about it. You can't say the first thing is I'm going to start off with a $50 million dollar mansion. Don't be stupid...Let's be a little more practical. A home over your head, debt free, for you and your family...then you can go for the big stuff. Your investments are based on that...what it is you want. [Post 2 of 2] Frank26 [California Golden Valley Bank Story] Bank Story Lady: (family friend) had an appointment yesterday. Whenever the banker found out how many dinar that we are holding in our group which is about half a billion he said that was too much, they weren't going to be able to handle that much...Then this morning he got a call from his bank Golden Valley and they said look we had a meeting about you and your group last night. FRANK: They had a meeting about his issue with the dinar? BANK STORY LADY: Yes, because it was so much. They invited him back...we're waiting for that update. [Post 1 of 2] Frank26 [California Golden Valley Bank Story Continued] FRANK: The updates came...Turns out this bank has told this group of people...we can't handle that much volume at our banks, therefore we are sending you to an exchange center and they will give you 4.5% to put it in the bank. They said Morgan Stanley are the people we are going to introduce you to for a management company to help you when you come in towards the end of the year. [Post 2 of 2]
  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... So, take everything with a grain of salt ... RON Guru Clare Article: "Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime" Militia Man If the Finance Minister needs to work to the end of the year to make sure that everything's sorted and ready to go and do it right and do it properly so the Iraqi citizens get what they deserve which is purchasing power. I think it's a phenomenal situation. I think everybody can clearly see...they're doing it and it's coming to fruition... Nader From The Mid East It's a very good video [Central Bank Iraqi's dinar propaganda/advertisement video that came out Friday]. I like it a lot...It's an advertisement for Iraq to use only Iraqi dinars. That's very very very good thing. That's big big step. Big step we taken. It's not bad...I said it before and I'm repeating it, in January things it's going to change big, big, big, time. Big time. If I was you, I'll be ready. Frank26 IMO the CBI meetings is in Dubai of all places. It's pretty obvious why. Iraq is going to become a Dubai. Pimpy They've been talking now for several months about needing to strengthen the Iraqi dinar, doing what they need to do to close the gap between the official rate and the parallel market. One of the steps they need to do...is to stop using dual currencies...do away with the US dollar and just use strictly Iraqi dinar. They've been taking steps to make that happen. They had already started it in...government buildings...but now as of January 1, 2024 that's going to be the start of the nation...strictly using Iraqi dinar...to me this is a great step moving forward for Iraq. But it's one of many steps they have to take... Wolverine ...The big meeting in Dubai is finished now – everything is ready. Iraq is ready. They should be ready to celebrate. Then so should we..... He said more, but not worth printing here. Sandy Ingram [We] tried to ignore this news however, that is not possible Article: "Iraqi PM places security forces under investigation over US embassy attack" Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq. Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire" When you attack the embassy of another country, this is far more serious. MarkZ Banking people are telling us we are in the window between now and the first of the year. Frank26 We're at the stage now where there's no need to look for anything. There's a need to watch everything that's coming out. Everything that's going to be coming out is the ambrosia of our study, the reward of our years of studying together. Pimpy Rumor: the exchange rate had changed. It has not changed...It doesn't make sense for them to change the exchange rate in one location and not another. What's to keep people from taking their Iraqi dinar to the new 1 to 1 location, exchanging their currency, getting tons of money, running back over to another location that has not yet changed the exchange rate, buy more cheap Iraqi dinar, then run back over to the new exchange rate...You're making millions of dollars. This is why you'll never hear, 'Oh, they have an in-country rate and out-country rate.' No, the rate is the same. That doesn't make any sense whatsoever...no where out there is there a location where it's 1 to 1 and not at other locations. Mnt Goat Article: "PARLIAMENTARY INVESTMENT AND DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION" Quote: "...the Industrial Investment Law has completed its first and second readings, and is ready for a vote in the House of Representatives during the current session..." This Industrial Investment Law goes hand in hand with the revaluation of the dinar and rebuilding of the economy. You can see it all coming together and 2024 will be explosive...
  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... So, take everything with a grain of salt ... RON MarkZ Comment: I saw where the World Bank basically acknowledged the imminent revaluation of the IQD. Mark: ...I did a deep dive this afternoon and reached out to boots on the ground over there and Well-Holy crap its confirmed. I guess they said to back off of Iraq as everything is settled and will soon be importing in a massive way. I am very tickled to find out this is accurate... I have verified that there was a slip of the tongue on Iraqi television about the dinar revaluing. But stay calm…it has not occurred yet. We do not know the timing. It could be a day or a week…but, this is absolutely huge. Frank26 Question/comment: "I recall you saying you're thinking about doing your exchange process at your home or attorney office." Yes I definitely plan to do my exchange more than likely in my own home. If a bank wants my dinars they are going to have to prove to me they want to take care of me and my dinars...They will not charge me anything to exchange it. How rude would that be? ...My attorney will come to my house. The bank will come to my house. They will collect my dinars we will sign papers, whatever, I have my account, paperwork. It's not that difficult. Militia Man Bilateral trade...Multilateral trade, Multilateral banking - all of these things show Iraq is going international...I believe I'm going to be 100% right. The evidence is clear as day. MarkZ A Member Story: Former US congressman at a function in North Carolina this past weekend…They point blank asked the politician about some of the banking changes and if he owned any foreign currencies and was he familiar with the revaluation? The former congressman said absolutely. I have some. I bought the currency and it is absolutely real...when asked by our community member (who I have great respect for) he said (when asked about the dinar) I have some and we are expecting it. This is somebody with a high level of knowledge from the inside. Kaperoni They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand. All of these processes and or steps required time. As I mentioned before, considering the unique circumstances, Iranian influence with moneychangers, Iraq's banking changes, and Iraq's considering joining BRICS - It's very likely that the IMF may consider waving the 2% because of extraordinary circumstances, and to their benefit. JMHO....RON Breitling Community Comment: "Obviously Iraq wants and is expanding their markets. The currency swaps with all these other countries are something new...Why now? Why would a country wish to participate with Iraq in a currency swap? For a currency worth 1/10th of a penny unless you saw the future of the dinar?" Bingo. Not just the future of the dinar, it's the future of the market that's inside of Iraq. The reason you're seeing the tempo of the currency swaps inside of Iraq is because they're pulling all the currencies out that are competing with the local currency, which is Iraqi dinar. From the local markets they're trying to pull every currency out - Euro, Dollar, it doesn't matter. They're pulling it all out. You can only use the Iraqi dinar. This is very very good news for us that this is happening... MarkZ (From Rod Steele) Article: “The IMF was the hold up with some things taking a bit longer than expected. Yesterday they predicted a completion and release in Iraq. I guess we will see shortly.“
  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... So, take everything with a grain of salt ... RON Frank26 You don't have to go to a bank. There are other places you can go to. There will be other places and you'll find out. There are many places...It will not be just one bank. It will not be just one source. It will be diversified. Militia Man Article quote 'They're preserving the foreign cash reserves of Iraq in the central bank so it's a benefit for the country thus they will control the movement of speculators on the black market putting pressure on the dollar circulating on the parallel market and unofficial outlets.' The black market, parallel market, the illicit market, whatever you want to call it is going bye-bye. Pimpy Remember I told you I was aware that Iraq was sitting on the discovery of some oil fields and I had not heard anything about it in the news whatsoever...Article "Russia Takes Control of Iraq's Biggest Oil Discovery for 20 years" This is one of the discoveries I was talking about. There's more than one... Quote "preliminary estimates suggest Iraq's oil field holds between 7 and 10 billion barrels of reserves...oil price.com last week said the true figure may well be 50% more than the higher figure..." Nader From The Mid East Question "Can you talk about the steps involved in cashing in dinars?" When exchange time comes we're going to have to go to three things - Redemption center, 1-800# or the army base. [Nader is clearly joking about these three things]...People are telling them that. That's wrong. The only thing you can do to change your money, walk to your bank, if they accept it, or go through exchange offices. There's no redemption centers, no army bases, there is no 1-800#s, nothing that way. [NOTE: Gurus disagree on the potential exchange procedures. Stay tuned to Dinar Guru as this important subject unfolds and become clear.] Walkingstick What is occurring now is all about the numbers. It's not about some politician. It's not about some soldier. It's all about the numbers. It's not about parliament. It's not about the cabinet. It's not even about the prime minister. It's all about the numbers that the board of directors and the CBI are dealing with right now. Frank26 [Iraqi Kurdish region boots on the ground update] SUPERGIRL: I talk to my Kurdish friend, Dyaa got news two days ago from Iraqi news. They're saying to the citizens here they are removing the zeros but they didn't not say when...He heard from Iraqi news and he thinks it was BBC (British Broadcasting Company), it could have been CNN, he was not sure but he did hear they are removing the zeros an they will change it to a 1, 5, 10, 20, 50... FRANK: Wow, jackpot! I'm excited to see what he has to show you very soon... MarkZ It’s still eerily quiet from my contacts. I’m assuming they have again cracked down on leaks...Don’t take the “no news” as “bad news”. It’s all still positive...everyone agrees that “any moment now” is possible. Clare Article: "Zain Cash relaunches the “Western Union” service" Quote: "In light of the rapid development in the world of financial transfers and a renewal of the company’s commitment to providing safe and reliable services to its customers, Zain Cash has relaunched the Western Union service after updating and developing it," Militia Man Article: "Al-Sudani...the time has come for our economy to be linked to the global economic cycle and...supports stability and industrial entrepreneurship and must...integrate with regional and international industries." There's all kinds of different things that are happening that are just off the charts powerful and support that this is coming to an end... Pimpy Vietnam purposely keeps their rate low because they are an export country, unlike Iraq. Iraq is an import country so for Iraq it makes more sense for them to increase the value of their currency, unlike Vietnam. Frank26 [Virginia Chase Bank/Well Fargo Bank Story] FRANK26: What was the officer's position? The world financial advisers of Chase Bank, perfect guy to talk to. What happened when you walked into the bank? BANK STORY PERSON: I asked him if he ever heard of the Iraq dinar or Vietnamese dong. He said I have heard of both...He used to work for Wells-Fargo for 12 year...He told me when he was at Wells Fargo they were specifically told to tell everyone it was a scam. That's why obviously 95% of the population thinks it's a scam...He said I know Jamie Dimon [CEO of Chase Bank]...he did know that he supports the Iraqi's dinar 100%. He did know that. FRANK: Did he hint about the future with Chase and the Iraqi dinar? BANK STORY PERSON: He said he does know they will be exchanging the currency. [Post 1 of 2] Frank26 [Bank story continued] FRANK26: Oh, snap! ...You talked to the most prefect individual, the Wealth Management Advisor Director of all the Chase Banks in America. Holy cow...Notice he wasn't in defensive posture. He wasn't in an angry mood...He had a straightforward conversation. BANK STORY PERSON: ...Me and my fiancé went November 28th, a couple days before I talked to the Chase guy and walked into my regular Wells Fargo branch...I asked if I could speak with the branch manager...the teller asked what is it in reference about? I said exchanging foreign currency. He said well if you're talking about the dinar it's not going to happen. He said I've talked to somebody really high up and it's not gonna happen... FRANK26: How in the world can we trust Wells Fargo when they are purposely lying to us? All they have to do is say no comment. That's it...they sold me dinars back in 2005. [Post 2 of 2] Mnt Goat Oh my gosh!!! I truly can hardly believe all the good news coming from Iraq this period. Maybe its not the RV, as of yet, but I can assure you it is coming and there is no stopping it. It is like a loaded freight train coming fast down the tracks. Pimpy We know elections are coming up and we know what happened last election. I'm not trying to jinx it but we're definitely hoping that everything goes a lot smoother than it did last election. Militia Man In July Alaq the Central Bank governor said the project to delete the zeros off the currency exchange rate still exists. I think it's fascinating and awesome...
  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... So, take everything with a grain of salt ... RON Pimpy Question: "Are there steps Iraq can take to have the $3.22 rate reinstated?" Yes. I'm not saying that they can do it...I'm not saying it's not going to increase in value, I'm saying it's just not going to happen overnight. We're going to see it continue to increase in increments. Just give it time. You're going to start seeing it jump up and just hold on to your dinar. Frank26 On January the 1st of 2024 you [Iraqi citizens] will not be able to use or touch the American dollar in any way, shape or form anymore. The CBI...will tell you not anymore, come and get your new small category notes and let us introduce you to your new exchange rate...it is now coming IMO... MarkZ Iraq is being very clear the dinar will be higher than the dollar and no more dollars after Jan 1st…They are telling us everything we need to know. We just need to stay calm. Kaperoni If Iraq is ever going to raise the value of the dinar there are several things that need to occur first of which requires Iraq to diversify their economy away from oil. To create a private sector, employ their citizens and begin to manufacture, create agriculture etc. This is an absolute requirement to be self-sufficient. Currently, Iraq Imports about 90% of the goods they need. Sandy Ingram The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues. Pimpy Still today I can't find any news of the so called restrictions removed. No restrictions have been removed yet. Militia Man Article: "It's time for the Iraqi economy to be linked to the global economic cycle. Al-Sudani stresses the government's endeavors to achieve an industry that exports its product outside Iraq." That's exactly what we need. Everybody knows Iraq has been an import country and they've been using oil as a revenue stream. Now they're going to go from a rentier oil industry to a non-oil revenue stream country...You have the industrial cities, liquid natural gas, tourism, agriculture...Iraq is filthy with minerals. MarkZ ...today at 4:15 pm the Fed will have a meeting on “FOREIGN EXCHANGE RATES” This does not pop up on their calendar very often but today they are discussing foreign currency exchange rates at the Federal Reserve at 4:15 pm. Could this be what we are looking for? It’s possible.
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