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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... RON *** Nader From The Mid East [Another corrupt official arrest video] There is another one! I told you it's a lot of people are gonna get arrested. A lot of people got arrested already. My friend is sending me these videos. He works with the forces and he's involved and arrests these people...when I said a lot of people are gonna get arrested it's a lot. It's at least hundreds and hundreds of them...Maybe a bit exaggerated, but it would be great if Nader posted the videos..! 9-7-2022 Newshound Guru Kaperoni The efforts of the central bank of Iraq as of late is to stabilize the banking system, get citizens to deposit their currency in the banks and provide banking tools...👍 *** Pimpy [Q? : What ever happened to the investigation into Maliki? How come we haven't heard anything about it?] Well lo and behold, look what's in the news... Article: "New details about the judicial investigation of the "leaks of al-Maliki" Maliki, if it wasn't for his buddy being a leader of the Supreme Court this man would have been in jail...by now...the article goes on to say that the investigation is still open. It has not been shut. All necessary steps are being taken to assure that the right thing is done... Let's hope so..! *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: We have the CBI on television promoting their new project saying they are making more efforts to be more transparent with other central banks around the international world. Saying the [CBI governor] wants the world banks to know Iraq is stable and can be trusted and will be transparent. FRANK: The CBI is saying we can be trusted now...We're stable. No one is stealing from us. They won't steal your money come on in.👍
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Saleh is on TV says our cash reserves will be over $100 billion and that's the most ever in our history. He said he got that from the governor of the CBI and he said that money has to be used to advance Iraq . It's for investment and to grow. FRANK: Saleh is telling the citizens of Iraq your currency has value. It's going to be paying things off. It's going to be well received by the rest of the 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... RON *** Bruce You know there's a diamond crust about six feet down in Iraq - in the sand. There's a whole six inch crust of diamonds that they found when they're going deeper for oil. Now it's just amazing that the wealth that is in that region... *** Samson Article: "Iranian Central: Offering the Iraqi dinar to local banks" Quote: "The governor, "Ali Saleh Abadi," said in a statement on the sidelines of the cabinet session today, Wednesday, that a quantity of the Iraqi dinar entered the country yesterday and will be distributed starting tomorrow (Thursday)." *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: We see a big explanation from the federal court on TV today and they are not going to dissolve parliament... *** Mark ...in Baghdad Today: the report is the Supreme court of Iraq has rejected TODAY the lawsuit to dissolve the Iraqi Parliament. Now before you panic…I believe this is a good thing. It forces continuity in the Iraqi government.
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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... RON * Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: This is the second day in a row that the Framework is talking about a change in the exchange rate. They are telling us that a change in the exchange rate is needed...these are the same that told us that we will never have a new exchange rate and then in the last two months they've been telling us no it's only going to go back to the old rate... FRANK: Notice how those that were against the monetary reform are now cheering for it because they know Maliki has no power so they lean in the direction of Kazemi. * Clare Article: "A New Parliamentary Movement To Change The Dollar Exchange Rate" Quote: "most of the forces affiliated with the coordination framework are striving, and through the next government, to return the dollar exchange rate to its previous rate." * Walkingstick [via Frank26] The exchange rate is the topic everywhere...in the streets of Iraq. It's everywhere in Iraq...the CBI is meeting with the AMF and showing them proof of sales and specimens. This is all fantastic. The timing couldn't be any better. * Breitling Iraq going digital...that means they're going to go international. But it also means that they are going to start getting out from under the U.S. dollar with means they're adding value to their currency. I promise you they are not going to be trading on the Swift system with the Iraqi dinar at a 10th of a penny. That information goes hand in hand with a time-frame/window on when they're going to start adding value to their currency. That's why it's such good news. * MilitiaMan I have this strong feeling at this stage of the game it's not necessarily goodbye because I'm not going anywhere but I feel like it's almost a goodbye because the nature of what we're and how things will roll out. I see this thing coming to short-term crescendo and I have to say I'm very happy to have been able to be here to watch it unfold... * Kaperoni ...It is highly unlikely any bank will add the dinar to their exchange program. Iraq is volatile and banks are conservative by nature. There will never be an overnight RV of the dinar so there will be no need to ever go to a bank to "cash out." IMO if the dinar floats it will be gradually over time which means more than likely your dinar investment would have to be deposited into a managed broker. Whether that ends up being some type of brokerage firm, market maker or ECM who knows. We just won't know until Iraq decides. * Mark ...They announced the new rate was coming…but hasn’t occurred yet. In the markets and in the streets they are already starting to demand more money for it…very interesting news coming off the streets over there right now. * Petra Kazemi putting icing on the cake saying we change the rate - game over. It's a matter now of timing. But here's the thing that's really important and that is the fact that if he's told the people they can't sit on this. They're can't let it go too long because the people now have expectations...I think we're in a short window here. I think the next several days are going to tell the tale. * Jeff The formation of the government and the rate change, those two steps are married together. They're gonna RV immediately after they form the government...They're going to implement the reforms roughly 2 to 3 months after they form the government. Why is there a delay between the oil and gas law reforms and the formation of the government? It's because they need 2 to 3 months to fully approve the budget because the budget approval period is waiting on the rate to become public. [Post 1 of 2....stay tuned] * Jeff They need a new public rate to approve the budget. Once the budget is approved...then they can implement the reforms...They want August and September to be able to approve the budget so they can implement the reforms in their seventh month of October...this is nothing more than a mid-year supplementary budget and a mid-year rate change. [Post 2 of 2]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "THE PATRIOTIC UNION OF KURDISTAN EXPLODES A SURPRISE ABOUT THE PRESIDENCY OF THE REPUBLIC" We could be getting very close the conclusion of the new govt. Let us hope & pray there are no other snags.. *** Frank26 [ Iraq boots-on-the-ground TV Report ] Firefly: My banking friend says watch for something this week from the CBI in relation to putting the dinar back to the previous rate. Not sure what rate but that's what he told me...not sure if they mean 1200 but we're watching for something from the CBI. Hopefully they will put it back this week. My bank friend is telling me look this coming week... Frank: Yes, IMO we know there is a change is coming and the fact that they are telling you directly straight to your face is extremely good. We are as close as your breath is to your lungs.. *** Pimpy Until this government is formed and everything is stabilized, it's going to be a while before the exchange rate has changed...
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Interviews by the advisor to Kazemi are talking about how things are looking great for the economic change to take place and reforms accelerated all do to the white papers... FRANK: ...You know very well that the new exchange rate is in those white papers...Kazemi had a plan. You're watching it unfold. *** Tivon Article: "Parliamentary Finance excludes the existence of a budget for 2022 and explains the reason" ...They do not need the general budget for this year. The EFSL will take care of everything that matters for the citizens and the economy. And whatever funds are leftover from the EFSL can go into the 2023 Budget. So now you can see they have no choice but to pick PM Al-Kazemi for the remainder of the year into the next. Passing a budget would not make an iota of sense. Now they are forced to play a different game. *** NORV [aka Kaperoni] The money supply in Iraq has been reduced. No longer 103 trillion, but now 83 trillion. Still an astronomical amount which Iraq could never RV but still some progress. Here is the Article Quote:... "Ihsan Shamran: The money printed in Iraq now equals 83 trillion dinars," he is the deputy gov of the CBI.
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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... RON *** Pimpy If you go to...the foreign exchange website and try to look up the IQD which is the Iraqi dinar you can see it says "At this Forex.com does not offer trading in the Iraqi dinar." That means it's still under some types of restrictions. It's not being bought, sold or traded on the Forex... *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Outcome of the formation of the government is what the CBI is waiting for. FRANK: Sit the government down! ...It's a chain reaction. Something has to happen for something else to happen and then for something else to happen and then once all that happens then you got the 3 things...#1...is the exchange rate...The CBI governor is looking for the confidence to give Kazemi the new exchange rate. [Post 1 of 2] *** Frank26 FRANK: What is the confidence? A new government announced. FIREFLY: If it is a solid government and backs the citizens then we feel good for the CBI to change because the environment will be ready...if the same old crooks get all back in there will be no change... FRANK:...exciting times are right before you..[Post 2 of 2] *** MilitiaMan Article: "Three scenarios, two of which are in the interest of Al-Kazemi.. A source from the framework: Al-Maliki withdrew from the candidacy" Three options Two of which are in favor for Al-Kahdimi...The most realistic view imo is that from what I know to be true is that presently the PM has necessary powers that were outlined in the constitution and likely to be in the EFSL / White Papers.
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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... RON *** Samson Article: "Iraqi tourists spent more than $100 million in 10 days" Quote: "more than 500 flights were recorded during the first days of the month of Dhul-Hijjah until Eid, adding that more than 100,000 Iraqi tourists left Iraq during this period (excluding pilgrims). He explained that the exchange rate for one tourist, including transportation and accommodation fees, is more than $1,000" 😎 *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: The CBI governor himself is being interviewed and he's saying that there's no justification to change the exchange rate. He's saying that the current economic situation does not call for a change and he's looking for confidence...he's saying this could be the rate for another 3 to 5 years...it all depends on the economic situation. FRANK: How's the economic situation? It sucks! Of course you're not going to have an exchange rate. [Post 1 of 2] *** Frank26 This is from the Deputy Governor...listen carefully to his words. When the economic situation is better he will consider a raise in the exchange rate. That means a seated government ... with laws, a new budget to improve the economic situation which is called the economic reform that can only be improved with a monetary reform first. But the conditions have to be right...we are waiting for the Governor of the CBI to feel comfortable and he's telling you he's not comfortable until he sees a seated government under Kazemi. No one else. [Post 2 of 2] *** Mark Some positive news coming out of Iraq. Article Quote: “Al-Kazemi: Biden must realize the determination of the Iraqi people to solve their own problems” In a nutshell guys – they have made huge progress. Seating the government should be done at any moment-which , we are being told, will allow us to move forward... I believe we are at any moment... *** MilitiaMan ...We know for [from?] the Supreme Judicial Council that the "necessary powers" have been granted to Kahdimi and we see evidence of that with the EFSL published in the Gazette this last week...the CBI has been imo given the green light. They have had stellar reports form the World Bank and IMF in recent past 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... RON *** Kaperoni ...Multiple currency practice...has nothing to do with dual currencies, it has to do with different exchange rates for the same item within the country. *** MilitiaMan Article: "The Iraq Stock Exchange launches a platform for trading shares of undisclosed companies" Now we know that the EFSL is done...It is likely the main conduit for the Reforms to get up and running in earnest asap...The taxes and tariffs, customs fees, e-governance issues are all in place imo and ready for the adjustment to a new exchange rate. The EFSL having been published is likely the trigger for this trading platform to get running... *** Pimpy ...Maliki becoming the prime minister of Iraq - You're going to see civil unrest, protest, clashes like you've never seen before. You're going to see Iran get involved...they're going to be going in the wrong direction...if you are an investor into the Iraqi dinar and Maliki makes it to prime minister this is not going to go well... *** Mark on the RV front it is still very quiet. That is not bad news right now. I am being told to watch it play out. There is a lot happening this week. They are putting the Food and Security Law into effect in Iraq. We are told this is a big piece. May have HCL law and rates in it…it is very encouraging. As of this morning in Iraq the rate has not changed yet. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: We see the U.S. senator was here...talking to Halabusi and Kazemi and he was asking for Iraq to speed up the reforms. FRANK: WHAT..! That's not what the article said Lindsey [Graham] was talking about! So Lindsay comes to Iraq and tells Kazemi to speed up the reforms and tells Mustafa of the CBI to speed up the reforms. That's interesting.
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Bank friend just talked about the ATMs and they are a sign of things that will be coming...they have not heard about when the lower notes are coming but that's a big topic relating to the new ATMs. FRANK: Firefly's bank friend tells him the NSCN are associated/connected/bonded to the new ATMs...it can not get any more exciting than this... *** Nader From The Mid East Article in Arabic translation - This is really serious. This thing says that the exchange rate they wanna change that..they're not talking about the... 3 to 1 or $.60 to 1. They're talking about 1200...this is Kazemi who wants to change the rate...I don't want this to happen. If it's like this I want it to stay at 1460...you're gonna put it back at 1200 you'd be very confused...if he changed it now it's gonna take at least a year, two years, or three years more to reinstate the dinar. I hope he doesn't make a bad decision...If he does that he's gotta go. He's not for the people... *** Mark It has been exceptionally quiet on the RV front...There is so much disinformation going on right now...Buckle up guys…we are in the heat of the battle. We really are suffering from the “fog of war” right now... the only real news we have today is from Iraq. “The Central Bank takes binding measures to combat money laundering in Iraq” I am told the goal is for them to make one more last grab of what they consider to be illegal dinar before they pull the trigger for the dinar revaluation. This kinda makes sense.
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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... RON *** Tivon Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange"...The volatility in the markets is what appears to be the deciding factor as to how long it take to feel comfortable with reinstating the Dinar...But they still allude to going through with it in spite of and will just adjust on the fly as the rate gradually increase from 1:1. So the problem may not necessarily be coming out at equal value but maintaining it. *** Mark Article From Iraq: “Dollar Exchange rates are declining in Baghdad and the Kurdish region” Why is this important? Normally in the local markets they were holding onto US dollars because of the instability of the dinar. What we have seen in the past when we have been close and anticipating an exchange is they will start refusing to part with their dinar. People are putting a higher value on dinar now and not wanting to give it up. The people on the streets are anticipating a value change. That is a great sign –imo- that we are close. *** Samson Article: "OPEC: Iraq is the fourth in the world in oil reserves" Quote: "Iraq ranked fourth globally in the world's largest proven reserves, with 145.019 billion barrels, after Venezuela, which came first, with 303.468 billion barrels, while Saudi Arabia came second, with 267.192 billion barrels, and Iran came third with 208.600 billion barrels." *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Had a spokesman on the news giving explanation saying these new ATMs have the capability to take the money and do instant calculations on whatever the rates may be set at. For example only machines can handle floats of currency rates and give back the exact amounts for transactions at the currency rate of transaction...they are educating all of us.[Post 1of2] *** Frank26 FRANK: ...The Iraqi citizens are aware...why do you think the ATMs can instantly do calculations? ...Because the Iraqi dinar is going to float...Brilliant! As it continues to float up in value the citizens are not losing any money...when they withdraw from the ATMs. Wow that's pretty good. They are explaining to the citizens what these machines will do....[Post 2 of 2] *** Godlover Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange" This article makes it even clearer that the EFSL was created for the purpose of citizens immediate needs & to get them through until the CBI takes action on giving them purchasing power...Another article...the need for a new government & 2022 budget.
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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... RON *** Militiaman The EFSL is slated for tomorrow and or the 23rd to be law, whether it is signed by the President or not, as if it is not, it becomes law after 15 days regardless...the law was voted on 06/08/2022. *** Godlover I try to keep things real. I just can't reasonably see them releasing a new rate in their current situation, it just seems illogical. Way too much corruption, way too much political impasses. This EFSL may very well pave the way to what we seek....but it will be some time imo *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: On the TV today about new book put out about the stamps and the coins. They are starting to teach us about the coins we are supposed to be getting for Iraq... *** Mark Things are still very quiet…but still positive... I believe we are in a holding pattern while we wait on the “trigger event”... things are getting closer...My guess is there will be a seated government in the next one to two weeks tops. They are running out of excuses not to pull the trigger. *** Pimpy I said I do not believe we're going to see any type of a rate change any sooner than a couple years. People lost their damn minds. They're freaking out. I know. I get it... [but] this is the 'stay grounded channel'. I try to educate as I go along...showing you what it is that has to be put in place before an exchange rate of a currency can be considered. Iraq is nowhere near there... [Post 1 of 2....stay tuned] *** Pimpy Just because you have a lot of money doesn't mean the rate change is going to take place...You have an economy that is not stable...a government that is not even formed... There are uprising taking place...ISIS is rearing up their ugly head again...these are the things you have to take into consideration before you change the exchange rate. Outside investors are not going to show up until it's a lot more solid... [Post 2 of 2]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy If the Coordinating Framework forms their government and somehow, some way Maliki makes it to Prime Minister this is going to be really bad. There's going to be serious uprisings. These are the same people that were in office that got kicked out in October of 2019 when the protesters rose up. They are the corrupt people. These are the same people that Sadr wanted out of office...Maliki becomes prime minister...that country is going to become unstable for quite some time. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Maliki is back on television. He is talking on News Channel 1 about his desire to be the next prime minister. He's saying the Framework will pick him to lead and he will accept. If this happens the streets of Baghdad will be in red with blood from an uprising. We will not stand for this...FRANK: ..I told you there was a plan...Kazemi has proven himself to be a leader..over and over again...stay strong with Kazemi and Mustafa.
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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... RON *** Godlover Community Comment: "So Publish Food Security Law in Gazette first then RATE Change or Visa Versa!" I do not think this FSL has a new rate, but I do think it gives the current government an avenue (resources) to change the exchange rate. This law is going to jump start the private sector aka the citizen sector. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: It's on the bottom of the ticker on the news that the CBI's willingness to go international. Banking sector will enhance Iraq's economic situation. FRANK: Yeah, but it's going to enhance your monetary for your economic.
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: They're saying its [The CBI's] talks yesterday with Central banks of Egypt...showed Iraq wants to do what's best for the Iraqi citizens, to give us our purchasing power, to send our currency outside of our boarders to float. FRANK: You know very well what's going on and they're about to show it to you. Heck they're showing it to every bank in the world. *** Mnt Goat...we know the Central Bank of Iraq (CBI) is posed to go ahead with the project to delete the zeros. They only look forward to having a stable government in place to begin it. We know this event is followed by the FOREX reinstatement and so we are concerned about both events. At the conclusion of which we go to the bank to exchange. Oh boy……!!!!
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: CBI governor talking about the exchange rate...in interview on news. FRANK26: This is where it starts to get real...it's getting close, be prepared. FIREFLY: Yes. *** Samson Article: "The Central Bank of Iraq announces that foreign reserves have risen to $74 billion" Quote: "noting that the financial situation in Iraq was "very excellent" compared to the countries of the region and neighboring countries..."
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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... RON *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Oil Minister is saying just last month oil revenue was over $10 billion. This is just one month revenue. Then the economic experts came on TV and said it's time for Iraqi citizens to share in this wealth and Iraq needs to show the true value of their currency. They were saying Iraq is losing billions with a program rate. FRANK: ..This is a dream come true..!
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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... RON *** Godlover Article: "Last-minute initiatives..."balance of pressure" between the frame and the chest exacerbates the blockage" I am beginning to wonder if this can ever be resolved without another election. Anyway, I can't see it being resolved anytime soon. One or more articles spoke of the end of June to resolve the current political impasse I believe & I certainly would not be surprised. *** Clare Article: "Last-minute initiatives... "balance of pressure" between the frame and the chest exacerbates the blockage". Quote: "With the end of the deadline comes a new failure in the attempts of the framework or the movement to find an understanding with the other forces in order to set a new date for holding a parliament session, dedicated to electing a new president of the republic, and completing the constitutional entitlements represented by forming a new government." *** Pimpy Question: "Which dinar are we supposed to buy?" Nothing before 2003...25000, the 10,000 one in green, 5000...the most commonly bought one is the 25000 dinar. Some people have the 10,000. Some people have the 50,000. I have the fifty thousand, the twenty five thousand, the 10 and the 5 thousand...anything after 2003 should be fine. *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Accounting experts saying deleting zeros would cost the government 6 cents for each note and that it would help citizens carry less money and would be much easier as for accounting issues however this has to be included with the Council of Ministers and Parliament to actually add value for purchasing power...[Post 1 of 2] *** Frank26 [Iraq boots-on-the-ground TV report] FIREFLY:...Deleting the zeros alone does not give increase in purchasing power. It's a collective project. FRANK: This is the time when all they will talk about is the deletion of the 3 zeros from the exchange rate to add value to your currency and you are beholding it. The ISO20022 is the door for your currency to go international. And when the IMF gave it to the CBI last week we all went crazy...[Post 2 of 2]
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy I was happy about all the discussion going on about the rate change but I didn't expect it to be very much of anything. If anything I thought it would go back the original rate of 1190 dinars where it was before they devalued it down to where it is now. I had heard rumors and I had my fingers crossed they were talking about possibly bringing it all the way down to 1050 dinars...27.5% increase in value. Not exactly what a lot of you are expecting but it's not too bad either in the grand scheme of things. *** Mark Movement from the Iraqi government front on the Kurdistan side...They have worked out a framework and suggestions and will propose them over the next couple of days until they reach an agreement. There is a mad dash to get the government seated. *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: Today on the television they showed an interview with the IMF...they talked about Iraq's economy, how it is getting better and better due to reforms. Then they called on the CBI governor telling the citizens that countries with fixed rates will make the best advances for their economy, would be a revalue of their currency. *** Sandy Ingram Breaking news - Sudan has decided and has announced that it will float the country's currency. Article: "Roiled by economic crisis, Sudan to float its currency" The reason this is important to us as IQD investors...is because we are going to get to see in real-time and the process of how a country floats its currency. We can only hope that we could receive the same type of news release for the Iraqi dinar. [Post 1 of 2]. *** Sandy Ingram Quote: "The Central Bank of Sudan said banks and exchange firms will determine the value of the Sundanese pound based upon supply and demand." [We] will watch this news story closely to learn about how the IQD...might play out when and if a currency is floated. You should know Sudan is in much worse shape economically and financially than Iraq. [Post 2 of 2] *** Walkingstick and Frank26 There's no delay in the new exchange rate and new small category notes. They know when they want to do it. Granted they are losing billions of dollars through their auctions...they're economy is growing because they're filthy rich but this is not the way that it's supposed to be...They need to stop using the crutch of the auctions that were established 18-19 years ago... *** Godlover Article: "The Federal Court summons the Minister of Finance and the Governor of the Central Bank" I won’t get too worried by this just yet. After all, the soon to be formed government has not even implemented the WP’s per numerous articles. Now, once the government is formed, budget passed & opened…that will tell all. *** MilitiaMan Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday" They postpone the court until next Monday to hear the case of the Dollar Exchange rate and a Sovereign Wealth Fund...they are suggesting that the case is to restore the Dinar back to 120,000 / 100 USD from it’s present 1460. Just barely back to where it was 12/19/2020, a 22-23% move..[Post 1 of 2]. *** MilitiaMan Could there be more to the story that will unfold between now and the meeting on 03/14/2022...The problem I see with the reversion back to 120,000 / 100USD is that it really doesn’t help the poor...Going from poor to poorer and back again to poor is a double slap in the face, imo...That will not be the purchase power they were promised..[Post 2 of 2].
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy There is a lot of chatter about the exchange rate, more than we heard in a long time but they're not just going to come out and say in the news, 'Hey this is what we're going to change the rate to' before they actually change the rate because then if it's something major well then everybody and their mom is going to run over and buy IQD...so it's not even going to be in the news until after it's already been changed. *** Fleming ...I was hoping that we would be able to see this RV this month and from what’s still coming out of the sandbox It can still happen...So I’m hoping that they can pull a Kuwait and just go ahead and shock everybody... Now that would be a really pleasant surprise, and it would certainly shock everybody. I'm all for it, but it's unlikely - or is it...LOL..! *** Clare Article: "Iraqi optimism about economic gains after exiting from Chapter VII" YES THEY PAID KUWAIT…. THAT FINANCIAL FILE IS NOW COMPLETELY DONE..! imo. *** Mark For those of you who are wondering what is different now then all the other times we have heard we are close…Go read the UN paperwork from yesterday – They released Iraq from all Chapter 7 sanctions…This is some of the best news we have heard in years. *** Frank26 [ Iraq boots-on-the-ground TV report ] FIREFLY: It's all over our news...we are officially released from Chapter VII they say through the Security Council...Foreign Minister Hassani is also on our television promoting that was are officially out of chapter VII, all the door of Iraq internationally are now open. FRANK: That's pretty cool! So will the Iraqi dinar when it floats and as soon as they raise the value you better know when to hold them - know when to fold them. ***Mnt Goat ...On Wednesday the UN Security Council officially announced Iraq’s exit from the “Chapter VII...This has “reinstatement of the dinar” indirectly written all over it...
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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... RON *** Samson Article: "Kuwait congratulates Iraq on its exit from Chapter VII procedures" Kuwait's speech Quote: "We welcome the termination of the mandate of the United Nations Compensation Committee over Iraqi funds, and we also congratulate brotherly Iraq on its commitment to implementing decisions The United Nations and his exit from Chapter VII and the end of the compensation file. He added, Iraq’s fulfillment of its international obligations represents a starting point,” stressing that “we will spare no effort to support Iraq’s sovereignty, independence and territorial integrity.” *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: The citizens are fed up and we want to go back to the 2003 rate...citizens are tired of suffering. CBI better do something. Citizens are complaining. FRANK: That's very good - Your voice and you're doing it peacefully...keep it loud and peaceful... FIREFLY: They're protesting in the square and they're calling for the CBI to make changes.
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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... RON *** Pimpy Right now I think more than anything Iraq needs to get their government formed before they can make any kind of changes...I know they're telling you what their intentions are...but it's kind of hard to start running before you learn to walk...even if the central bank of Iraq made plans to change the rate they're not going to tell you. They would not do that in advance. They're just going to keep denying it, denying it, denying it. *** Frank26 It's a good day for our investment...the articles are all...good. The negativity from parliament, it's pretty well stopped and all the one that were negative, you know - 'It's never going to happen.' - Sadr, Maliki they're all saying, 'Yes. It's here.' *** Godlover Article: "Government official: 12/1 disbursement will continue until the end of the year, and the Presidency of Parliament requested a draft budget for 2022" Question "Is it plausible that they seat the government soon...raise the value and use the time until the budget is approved...to monitor the float and make more informed plans for how the money will be spent?" A rate change or a possible float, this will not happen prior to budget opening...You don’t spend a budget before it is even opened, otherwise what would the point be for a budget in the first place? lol. *** Pimpy As you are aware a lot of talk about the exchange rate. Lots of it...there has been no news, none whatsoever that they plan on changing the exchange rate. There was a lot of discussions about it...I was pretty excited about it I'll be honest with you but it's just talk right now. We have no idea where it's going. I was happy to see all the talk, that means it's on everybody's mind. Sadr campaigned on it. He's ordering people into hearings. He's trying to do something about it but the truth of the matter is the Iraqi government doesn't control the rate change. That's the governor of the Central Bank. He makes his recommendations to parliament and they can vote on it. Essentially it's up to the governor of the Central Bank or Iraq period. *** Mark The next Parliament session is scheduled for next Monday which is in 2 days. The session will also include discussion regarding the rise in dollar exchange rates in the presence of the Minister of Finance... In a nutshell they are exiting Chap 7 sanctions after 31 years and are prepared for a rate change. It’s been a phenomenally good week out of Iraq. Of course we don’t know the exact timing, but it is coming soon... *** Frank26 [Iraq boots-on-the-ground TV Report] FIREFLY: The CBI tells us citizens that the foreign reserves are at 64 billion and today we find out that no no no they're at 91 billion...we know they are lying. They have been caught in a lie about our reserves and about our new currency... *** Pimpy I remember people telling me they used to be able to buy and sell Iraq dinar in Well Fargo. I went to talk to the manager there to ask what the process is once I get ready to make my exchange. He told me at the moment it's under restriction, they don't buy nor sell Iraqi dinar. I already understood that but he said he's got to wait for...the corporate office to tell them that it's okay to do so again...no problem. I told him I would check in with him from time to time to see when the restrictions would be lifted. As soon as I find out I will I will share with you.
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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... RON *** Sandy Ingram Article: "Currency Revaluation: Historical examples" In this article we learned more recent currency revalued that have created wealth for investors...Quote: "The one thing that is clear about currency revaluations or devaluations, is that they don't come with prior warning. They just happen, catching most people unaware. Central Banks and the international powers at play cannot share any information prior to an even happening, or it would undermine the economic impact" *** Kaperoni ...So Iraq apparently had their meeting today at the United Nations Security Council. Iraq upon completion of payments to Kuwait now is officially out of UN Chapter 7. Though this is excellent news, it has nothing to do with Iraq 's exchange rate. *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: Sadr's putting pressure on the CBI and the Finance Minister saying get it done. They're saying that we need this new exchange rate to get our economic reforms from white papers completed... FRANK: Monetary reform then the economic reform...everybody knows it's coming but the problem is that it's parliament...just sit the new government down and they will give you the new exchange rate. FIREFLY: Exactly..! *** Samson Article: "Legal expert: Iraq’s exit from Chapter VII of the Charter of the United Nations is a good sign" Quote: “The Security Council voted unanimously to remove Iraq from Chapter VII of the United Nations Charter after 23 years of political isolation and lack of sovereignty that came against the background and practices of the former regime..." [NOTE: We hope to see the UNSC make a formal announcement soon.] *** Pimpy People don't know the difference between and RI and an RV...When we are talking RI we are talking about a reinstatement - to restore someone or something to their former position or condition. So to put back to where it was. When you talk about an RI that means whatever the rate was before the program rate. I believe it was $3.22...this is what everybody is hoping and waiting for right here - the RI. The RV is a little bit different...[Post 1 of 2] *** Pimpy RV/revlue - assess the value of something again. Adjust the value of a currency in relation to other currencies. So a revaluation is just changing the value of the currency. That's all it is...anytime they change the value of the dinar...[Post 2 of 2] *** Walkingstick and Frank26 We believe that what Mustafa did yesterday, when he yelled at the GOI/parliament, we believe that was part of a deflection of any speculation in either direction - negative or positive. 'It's not happening.' I can prove it's happening. Only pay attention to Mustafa and Kazemi.
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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... RON ** Frank26 ** [Iraq boots-on-the-ground TV report] FIREFLY: CBI on the news...that they are the ones in control...of the exchange rate and not a political decision...it tends to say to us Iraqi citizens the CBI will make the final decision on the exchange rate sooner than later. This is the 3rd time this week the CBI is saying that they are the ones in control of the 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... RON *** Frank26 [ Iraq boots-on-the-ground TV Report ] FIREFLY: We now see that the Finance Minister is saying that since Iraq has paid off Kuwait and officially cleared, next Iraq will officially be cleared of Chapter VII sanctions on February 22nd... *** MilitiaMan The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022.. I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII...Let's see what they do next. I’ll bet it is going to be powerful!!! *** Jeff The reforms are waiting on the formation of the government and the next reform step is the rate change. Basically everything's waiting on the formation of that government and then we can all get blessed with our rate change. *** Nader From The Mid East We don't want it like that. We wanted at least 1 to 1. We don't want it on 125 or 144. We don't give a damn about that. Seriously we don't give a damn. You know we're tired. Listen. Each time I travel for business, for anything like that, it cost me a lot of money. Tell you the truth sometimes I travel for business I lose money...125 doesn't change anything for us. We have to go back at 2002/2003. The rate have to go back to normal. This is not normal guys. This message is not for you guys. This message is for the government of Iraq. It's for the CBI...I want to reach the government of Iraq. I want to reach my government. I want to reach my people to let them know that's it's enough.