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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Does Iraq have the potential to have a more valuable currency than Kuwait? Yeah absolutely...They have way more resources. As a matter of fact...Iraq is in the top 5 worldwide for the most resources. So, yeah, they have the potential to be there. There just not there yet...They have a lot more things to export than Kuwait does but they have to get past these hurdles. I think they will. Militia Man They're not stopping. We don't have a date and rate but we can see the progress is before us...They're gearing to move Iraq to the private sector and to open up to the world...There's going to be money to be made and there's going to be a lot of it... Samson Article: "Iraq is the fourth in the Arab world and the 30th in the world in the reserves of Yellow Resonant" [Gold]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Ms Plasschaert [UN special envoy for Iraq], she's another subject of rumors that are going around the dinar community - that she's getting ready to step down...because she's no longer needed because they're about to change the exchange rate and the sanctions are getting ready to be lifted off. That's not the case. That's also false. Militia Man Iraq is a border country with Kuwait. Iraq is considerably larger than Kuwait...They have massive amount of oil...liquid natural gas...gold...some of the biggest mineral deposits in the world that Kuwait does not have. You have to ask, why did they bring this up? - Article Quote: "The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024 while the US dollar came in last place on the list of 10 strongest global currencies ...the dinar of the Gulf State is divided into 1,000 smaller units known as fils." [Post 1 of 2 Reposted ] Militia Man Iraq does not have fils. They're going to be talking about fils because why? Because...Al-Sudani has stated the dinar is stronger than the dollar. They're going to need to be able to make change...When they bring this up with Iraq's situation I think they're doing it in a manner that suggests the region can support Iraq having a strong currency stronger than the dollar. [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... So, take everything with a grain of salt ... RON MarkZ ”Here is a great Article written last August..”The Kuwaiti Dinar: A closer look at the world’s strongest currency” this talks about the history of the Kuwait dinar and why it is so valued…They have many of the same things going for it that Iraq now has. What does that tell us? The Iraqi dinar should be worth the same or higher…imo
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Babysmom THE PRESIDENT OF THE REPUBLIC HAS NOT SIGNED THE DOCUMENT. HE MUST SIGN THE APPROVED BUDGET IT THEN GOES TO THE GAZETTE FOR PUBLICATION. HOWEVER THE CBI CAN CHANGE THE RATE ANYTIME THEY WANT. THE PRESIDENT OF THE REPUBLIC HAS 15 DAYS TO A FIX HIS SIGNATURE. THE PRESIDENT OF THE REPUBLIC IS STILL OUT OF THE COUNTRY IN BOLOGNA [ITALY]. ON FRIDAY THERE IS A LARGE CONFERENCE WHICH WILL BE HELD IN I BELIEVE LONDON AND THE TITLE OF IT IS, "IRAQ OPEN FOR BUSINESS". THIS IS QUITE GOOD NEWS... Walkingstick The exchange rate can be flipped liked that [snap]. 1320 to 1300 - you didn't even see it. If they want to go from 1300 to whatever other rate like that [snap] it can be done and it shall be done and it will be done. It is a fact even though this fact is IMO. The exchange rate can be flipped quickly because the RV calculation phase already has the numbers for the budget at any moment. MarkZ Question: What is your take on PPN Dallas saying he got an internal memo from Chase bank to all wealth managers? Answer: I got sent that memo several times as well…that they are expecting a lot of new millionaires over currency stuff…. I think it is accurate. I think it is true. I just don’t know what it means for us on timing. But, our best days are ahead….This is pure BS, because I have multiple Chase Accounts with significant holdings, and there has been NO word from my wealth managers in Las Vegas or in Florida, with whom I have close relations and know I hold a substantial quantity of IQD..! RON Pimpy There was a change to the exchange rate. Yes you heard it. They changed the Iraq exchange rate. Sure enough it was in there and yes it went in the right direction. Article quote "...the budget set the exchange rate for oil revenue in US dollars at 1300 dinars per dollar." So we shaved another 20 dinars off the exchange rate. I know 20 dinars is not that big of a deal but anytime we're taking a step in that direction I'm going to celebrate it no matter how small...Keep removing the amount of dinars you get per dollar, that's what we want...like I said it's going to happen in increments. Hopefully a much bigger step next time but I'll take it...take the W and be happy with 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... So, take everything with a grain of salt ... RON 5-20-2023 Newshound Guru Pimpy People are trying to figure out whether the Iraqi dinar is floating, pegged, what are these terms, what does it mean? ..Iraq is a fixed (pegged) currency. It's not a float. It's not a dirty float. It's not floating at all...It's 1320 dinar for every 1 US dollar. They're pegged to the U.S. dollar...It's not floating in country. It's not floating out of country. There's no two exchange rates. Let's go through what these are...[Post 1 of 2] Pimpy A floating exchange rate is a type of exchange rate regime wherein a country's value is allowed to freely fluctuate according to the Foreign Exchange Market...Iraq is not allowed to play with the big boys - not yet...Until Forex recognizes Iraqi dinar...they're not going to be a floating exchange rate...a Pegged exchange rate system is a currency system in which governments try to maintain their currency value consistent against a specific currency...The Iraqi dinar is pegged to the US dollar. So it's fixed...A dirty float is when...it will freely fluctuate but if it gets out of whack the government interferes... [Post 2 of 2] Frank26 The budget they say they will supposedly have it done by today, Saturday. Now they're saying, well maybe the early part of next week. I don't care. I sincerely do not because the new exchange rate does not wait for anything. The budget waits for the new exchange rate. Why isn't the new exchange rate out? yada A lot of moving parts that are coordinated. The budget is to be voted on today [Saturday]. The rate release almost simultaneously, IMO. The debit and credit cards were shut down on Thursday for a couple of days, and many believe it was to readjust the rate with the CBI... MarkZ Article: “Iraq builds social security system to protect workers” They are building long term infrastructure. They are behaving as if they were 100% ready to go. The latest I am hearing in Iraq they expect the budget announcement on Sunday now. I am still of the belief that it is done. .... They are negotiating each contract with contractors separately right now and rates are fluctuating. And just how do you know this Mark..? To me this means we are in a float. Because of what contractors are telling me – I know we are close... We have never, ever been this close before...My contacts in Iraq have a lot of expectations for this weekend.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat ...I am going out on a limb to say that by June 2023 we could see this reinstatement of the dinar. I am...using ...solid FACTUAL data from the articles. Article quote: “The Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar” ...He is talking about the stabilization of the program rate first with the help of the US Treasury, then the reinstatement with the help of the IMF and World Bank... Folks, it can’t get any better..!! Frank26 Question: "Does 25% seem about right for taxes?" No. I take it up to 40% and then you can give yourself a refund! [NOTE: Consult your tax professionals to determine the right amount money to withhold for taxes for your unique circumstances.]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON Frank26 We are now in the month of March and we're marching into the monetary reform education that we call the 2nd article from the CBI. Very very soon. I'm still hoping this week...deep in my heart no later than next week - IMO there's going to be another article coming out and it's going to show them the new exchange rate and the new small category notes and explain everything to them, including the float. MarkZ A good, solid Article from the CBI: “The Central Bank decides to use the local currency only at ATMs“ Why is this important? This is their de-dollarization …by only using their dinar it is telling us they think their currency is steady and stable. This is fantastic news.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... RON MarkZ This is a huge, absolutely stunning , gigantic, and positive news from Iraq. Article: “Baghdad, Erbil reach an agreement on the 2023 budget –Lawmaker” I am told things have gone well and its submitted now for a “rubber stamp” on it…they even outline the details of it in the article…We were always told this is one of the last things that would “suddenly” happen before the RV release…so…this tells us we are awfully close.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So take everything with a grain of salt ... RON Frank26 Question "Do you think all currencies in the basket will go all at once?" No.! Absolutely not. Notice no body talks about the GCR...theres no such thing. It's mathematically impossible... Frank26 Don't give them [Your dinars] to anybody. There are many demons of Satan out there... Ring-a-ding-ding - Hello? 'You got dinars? I tell you what, we belong to a humanitarian project. It's with the United Nations. Oh, yeah it's good people. What we're going to do is give $5 for every dinar. Yeah! Not what the CBI is going to give. So send me your dinars and we'll hold them here in our vault and when it happens we'll take good care of you. Yeah, we're going to send you documents. Yeah, we'll sign a piece of paper saying we have your dinars. You're going to get a lot more than everybody else.' [Post 1 of 2] Frank26 Human greed, gluttony...kicks in because the horns of Satan cause you to think that way. Don't give your dinars to anybody else that is promising you more than what is legal. Any bank can only give you the rate the CBI is a part of. "Oh, but I belong to the humanitarian project and they are going to give me more". How is that possible? You can't get blood out of a turnip...Don't let these people do this to you. They want your dinars... [Post 2 of 2] Clare Article: "The volume of trade exchange between China and the Arab countries amounted to 300 billion dollars” WHAT WE ARE WITNESSING IS HISTORIC!...THAT IS A LOT OF MONEY AND A HUGE "SHIFT" IS TAKING PLACE RIGHT BEFORE OUR EYES! Not much for tonight ... it looks like 2022 went out with a wimper..! Have an Awesome, Fruitful, Peaceful & Prosperous New Year - 2023..!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So take everything with a grain of salt ... RON Mark More news in Iraq that they are stabilizing. Article: “Central Bank continues measures to control the dollar exchange rate” I find it interesting they are issuing a dollar card worth $10,000 dollars …in other words they are not going to charge any spread if you turn in your dinar for a prepaid debit card. Why is this important? It will allow them to take advantage of this manipulated exchange crisis and get more dinar off the street over the next day or two…I think this is their last “hail Mary” to restrict the supply of dinar...just my thoughts..! This is a very interesting turn of events - we shall see if it works soon enough..! HAPPY NEW YEAR - 2023
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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 Still almost every day an article about the change in the Iraqi dinar rate. What it does is pump a lot of hope into the whole dinar arena. But what I keep telling people is you got to listen where the information is coming from. If the CBI is talking about it, which it's not going to ever happen. They'll never openly talk about changing the rate in public...but, they might deny rumors... *** Mark There is still massive silence on the RV front. No bad news…no news at all. I cannot get a peep or whisper out of any of my sources. Thank goodness - we don't need any more false info & promises..!R *** Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're saying the budget should be in parliament by the 9th of December. FRANK: The 9th is crucial. We need to see this government seated, parliament seated, the Cabinet announced, everything by the 9th...From the 9th to the 31th of December they're going to review the budget...then on the 1st, IMO, they can launch it and make it official. They can release all the information that's in it. But remember Frank, there is no IQD Rate in the budget as some suspect. R *** Samson Article: "Parliamentary Oil: The Oil and Gas Law has not been canceled, but rather postponed for this reason" Quote: "The law has not been canceled, but rather postponed, and may be presented in the next legislative term." They delay one of the MOST IMPORTANT pieces of legislation for the benefit of the Iraqi people. Amazing - just like our democratic party legislators here in the US.RON
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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: "IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS" Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of the year and will probably reach over 100 billion even. Yet the CBI says they have no intention of completing the project to delete the zeros or raise the rate of the dinar against the dollar. hy? If this is not corruption I don’t know what is. We know for a FACT the economy of Iraq supported way over $3 dinar back in 1990. The situation of Iraq now is way much better with higher reserves and much more gold reserves. In fact they can almost back their currency totally with gold now. Think about this: Adjusted for inflation, $1.00 in 1990 is equal to $2.21 in 2022. Annual inflation over this period was 2.51%. So, in reality, Iraq can easily increase the value of the IQD significantly...IMHO..! RON
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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: "Iran: Iraq will turn into the largest economic market in the region during the next decade" Quote: "stressing that his country seeks to increase the volume of trade exchange with this neighboring country." Thats hot news...!
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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 Article: "Shafak News and "BBC" sign a partnership contract, the first of its kind in Iraq" IRANIAN CONTROLLED MEDIA IN IRAQ... MOVE OVER Quote: "Shafaq News Agency and the prestigious British "BBC News Arabic" network signed a partnership agreement, the first of its kind for a media-journalistic organization, in Iraq.".
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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: "Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country" Quote: "Saleh said, "All indicators confirm today that the country's foreign exchange reserves, which amounted to about $85 billion, including gold, are at a high level of efficiency and represent real monetary stability for the country." ** Nader From The Mid East I think the first week of January they gonna launch the 2023 budget and the good news the rate it's in it. But I don't know what's the rate, or if the rate is in it... ** Kaperoni If the dinar is ever going to go up in value it will be the result of Iraq building a private sector diversity economy. But only if they pass laws, encourage investment, and diversify away from oil. A country's currency exchange rate is never a random act. It's based on economic growth, GDP, etc. Only with the success and growth of Iraq's economy can the dinar go up in value.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Tim784 Article: "Al-Hakim And The American Ambassador Discuss The Mechanisms Of Getting Out Of The Political Blockage" The media office of the head of the Wisdom Movement stated in a statement that "Al-Hakim discussed with the US ambassador to Iraq, Elina Romaneski, the latest developments in the Iraqi and regional political affairs, the mechanisms for getting out of the current political impasse, and the bilateral relations between Iraq and the United States of America." -
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 Article: "Barzani's party reveals an international move to stop the possible armed conflict after the forty" Who told you about the 17th? ...Is there anybody that talks about the 17th? No. [Frank26's boots on the ground contact reported last week that Sadr warned if the parliament was not dissolved by the 17th it would be doomsday - See Frank's post 9-9-2022] ...I don't think we're going to have the conflict that we're looking for on the 17th going into the 18th. *** Nader From The Mid East Next week they'll come out and say, 'Hey the reserve it's at 90-95 billion now.' Be ready for that too. The gold is going to go up by next week too... *** Breitling You've got to get it out of your head that there's a group in Iraq somewhere that doesn't want them to revalue their currency...which countries would not want Iraq to get into the Swift system? That would be Russia and China. So if there's any negative news I haven't seen any of it. The dinar crowd is so small, Russia and China hasn't put any effort or money into degrading Iraq's chances...
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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 Article: "The General Secretariat: Automation of outlets has raised the value of revenues for three years" The borders will support the value of the currency aside from oil and other minerals, tourism, etc.....WOW..! Excellent News..!
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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 ...numbers on the 'back screen', 800#s, redemption centers, military people that watch the currency exchange, tier 1, tier 2, tier 3.. It's not real. It's all B.S...If we cannot get a stable government with a stable economy...you're not going to see any kind of major exchange rate change happen unfortunately... *** Mnt Goat ...I can wholeheartedly tell you that – Yes and Yes that I know for a fact and without a doubt that the reinstatement has to happen and will happen. How do I know? #1. Reinstatement was in a long term 5 year plan given from the CBI in 2011...it was supposed to be all done by 2016. #2. Dr Shabibi, the then governor of the CBI, attempted to reinstate the dinar on FOREX and complete the project to delete the zeros in 2013 as part of the 2011 plan, only the corrupt Nori Al-Maliki, then the prime minster, stopped it with his raid on the CBI...This is what Sadr is trying to fix...and why the new govt can’t get formed. [post 1 of 2] *** Mnt Goat #3. In 2019...they came out with the “White Paper” in which it specifically says to go to FOREX. #4. In talking to my CBI contact, I was told that it was targeted for Jan 2022 but due to the election issues they held it up hoping the government would be formed and stable. So, this is where we are today. We sit and wait for the new government. [post 2 of 2] *** Nader From The Mid East About the Iraqi dinar no news for now. It's a mess. The country is not stable. It's actually destabilized a little bit now. We see what's going on two weeks from now. There's no promises. There is not news about the exchange rate. There's nothing...keep your head on your shoulders...it's a waiting game so let's wait... *** Samson Article: "The average salary in Iraq is 600 dollars and in other countries is six thousand" Quote: "Iraq ranked 62nd out of a list of 105 countries in terms of the average net monthly salary of an employee of $600 in Iraq..." *** Militiaman Article: "The Central Bank of Iraq organizes a visit to a media delegation" The AMF on the same day had meetings on similar issues...with the likes of the World Bank, Bank of International Settlements, International institutions, etc...There are no coincidences in these meeting coinciding with each other.. imo.. I like what we are seeing. Inter-connectivity is coming... *** Walkingstick [Iraqi bank gentlemen in US banks update] Are these banks [CBI satellite banks in the US] for you? In all honesty you can use them. But you got to remember they're under American banking laws so don't be trying to think you can put Iraqi dinars in these bank accounts. The only thing you can put in is American dollars...they'll gladly take those 3-zero notes from you. They'll gladly convert it. Whatever rate they give you knock yourself out.
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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 *** BGG Hard news excerpts- Article: “Sadr believes he can control the angry masses …but only if he can control the system. His unleashing of the Sadrists for 24 hours was that message in graphic form.” How to deal with Muqtada al-Sadr has long befuddled Western and Iranian officials. The latest outburst of violence in Iraq shows they have long underestimated him as well, writes @SajadJiyad…You want to know what this all means? Sadr sent the message “reform or else”… I believe it was heard loud and clear.
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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 *** Clare Article: "Biden calls for a road map to get out of the political impasse in Iraq" Quote: "US President Joseph Biden called on Iraqi leaders to engage in a national dialogue; To develop a roadmap in order to get out of the current blockage." *** Pimpy There is a silver lining when it comes to the dinar (no pun intended). Here's the thing, you have the gold reserves increasing which is a huge step. You have the foreign currency reserves increasing, I believe it's at 92 billion by the end of the year which is awesome. The more the better. But until you get a stable government, stable nation and a stable economy you're never going to see the exchange rate change in any dramatic form one way or the other. ...AMEN...!
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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 [IQD Profits Scenario] [for your kids] Meet Irene, she's 28...She recently took over her father's financial affairs...She knows that her father has 5 million IQD. [Example] She heard the IQD floated to $0.25 to $1 US dollar. She has so much more to worry about, she just wants to exchange the IQD paper money for U.S. dollars. If all goes well Irene will get $1,250,000 USD... [Post 1 of 3....stay tuned] where's the rest of the scenario... see this afternoon's post for all three parts...! *** Samson Article: "US report: Biden's indifference gave Iran the upper hand in Iraq and enabled al-Maliki to lead a judicial coup". Quote: “For some incomprehensible reason, it seems that Iraq, in which the United States fought two major wars during the past decades, is not a priority for Washington, and unfortunately, it has become a priority for Tehran."
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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 *** Fleming Iraq has a date and a rate according to contacts...watch for the announcement of the new Iraqi Parliament which is now in formation in the background ready to go... Within a few days of selecting a new Parliament there will be new global forex rate for the IQD announced. Iraq has the new Parliament ready now so it won't be much longer. Once that new Parliament comes it will be within a few days that they announce the new rate...it's very close. *** *** Samson Article: "Riyan” accounts for the Iraqi state.. Oil continued to contribute 96% for the third month" Quote: "non-oil revenues amounted to 3 trillion and 163 billion and 857 million and 400 thousand and 641 dinars, which constitutes 4% of the total revenues."
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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 *** Walkingstick [via Frank26] [Iraqi bank gentlemen in US banks update] 2 gentlemen [From walkingstick's old firm with 6 banks - 2 in Iraq and 4 in Jordan] went to their bank [in Michigan]. When the CBI makes a move...they let all the banks know. Not just Iraq but internationally too...so the CBI IMO is sending the owners of these banks to their banks to prepare for the announcement of the reinstatement of their currency. All of this requires an announced seated government... *** Kaperoni The reason the currency auctions in Iraq exist are twofold, one is to supply dollars to pay for imports because most if not all international banks do not accept Iraqi dinars as payment since the central bank is in IMF Article XIV...And the most important reason is to maintain stability of the exchange rate of the dinar because the dinar is pegged to the dollar. Therefore, the currency auctions have to exist and will not end until Iraq 's currency becomes more convertible worldwide. *** Suzie We have about a week for the banks to be "hooked up" internationally, will we and the people of Iraq who've been waiting on their purchasing power be dancing in the streets.....or do the dinars go back into the shoebox? *** Samson Article: "Gallup Publishes A Poll Revealing The Extent To Which Iraqis Trust The Current Parliament" Quote: "Sunday, a poll indicating that the current Iraqi parliament has the least confidence, compared to previous sessions...The current parliament has the least confidence that any Iraqi parliament has had since 2006, as the percentage of Iraqis in general who trust it is only 12%, according to the latest Iraqi public opinion poll conducted by the Gallup International Polls...."
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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 ...We know the dollar is declining. I've been saying that now for quite some time...it's dying. It's dead. It's like a zombie walking around...they [Iraqis] need to unpeg themselves, if Iraq was smart they would do the same thing that Russia does...if you're going to buy our oil...you have to use Iraqi dinar, period...the country is already rich as it is, whoa, I can't even begin to imagine what would happen if they did that... *** Kaperoni Many people don't like the fact that I constantly state there is no RV. But that's the truth, it's not how monetary policy works...We have to hope that Iraq can diversify their resources away from oil and create a private sector economy that begins to flourish. Only then can the CBI allow the dinar to gradually appreciate via a float. *** Sandy Ingram Article: "Central Bank: Cash reserves to rise to $90 billion by the end of 2022" ...as a result of the rise in global oil prices...the increase in gold reserves and certainly the increase in cash reserves is part of the process for a higher exchange rate against the US dollar.
