Good Afternoon Dinar Vets, here's opinions & comments from MilitiaMan & Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON
*** MilitiaMan Article: "Political movement to choose a foreign minister before the strategic dialogue with Washington" Quote: "Prime Minister Mustafa Al-Kazemi wants to complete the vacant ministries as soon as possible, indicating that the delay is due to deep differences between the political blocs" There you go... The pressure is on and and big time. The 10th is not far off. imo They need time for the minister to see the files that they will discuss at the SFA meeting... More good stuff for us... imo...
*** Mnt Goat I am still hearing from the CBI that they fully intend to complete the project to delete the zeros and do it much sooner than later. But I have no official article or announcements yet from the CBI in this regard. I was told we should see some announcement soon of the progress and what they intend to do next. We still wait for this from the CBI. It is supposed to come out this week.
Good Morning Dinar Vets, here's another opinion & comment from MilitiaMan & Kaperoni that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON
*** MilitiaMan Article: "The government is preparing to issue a new reform package mid this week" Wednesday there is to be meetings on the Laws needed for many things that include Laws for Monetary Reforms. I suspect that since they have been talking about the 2019 FMLA and the secondary markets it will be a day to watch close. ...the reforms need the international rate to be applied to the currency to facilitate the ability for the IQD and the ISX to interlink internationally...
*** Kaperoni As for the dinar's value, it is not at a program rate. That is guru's taking a directive from the IMF and misrepresenting that meaning. The dinar exchange rate is it's real rate... The currency is already an internationally-recognized currency they just haven't accepted IMF Article VIII making international banks more willing to want to engage in commerce with it.
Good Monday Morning DV, here's another opinion & comment from MilitiaMan & FootForward that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON
*** MilitiaMan Article: "Newspaper: Iraqi-American negotiations will start on June 10" I have a strong feeling they will need to have things sorted MR [Monetary Reform ?] wise prior to the meeting beginning on the 10th. They have a minster they need to place too, prior to that. It looks as that may be slated for Wednesday too. imo The convergence of many things of late is by no coincidence. ...ECONOMIC is to be a main focus in the future, imo...
*** Footforward [Q? : Does anyone have any more info on the potential CBI satellite banks?] this is something frank [Guru Frank26] likely has the inside track on. This has never been talked about with my contacts. But I don't doubt it's validity...Frank by far has the best contacts in Iraq. That would hardly be surprising... [reference Guru Footforward post 5-31-2020]
Good Evening DinarVets, Today is the birthday of Christianity..! Here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON
*** Footforward ...all banks will exchange dong. No banks except for Citi Bank exchanges dinar right now because it's not an internationally traded currency. There is the potential for satellite banks from the CBI to be in the US...IMO, the CBI would have the best rates. They are playing with house money. It costs them nothing to cash us out...Hence why there would be no income tax in that case. It literally becomes a currency swap in the truest sense... Between those, our banks and currency dealers, we will have tons of options. No bank in their right mind is going to talk about post RV right now... [Be sure to check with your tax professional at the appropriate time.]
Looking at the Tax Code, my tax attorney says it will bea taxable event...RON
*** Pimpy Article: "Parliamentary Finance: Al-Kazemi has the powers to cancel the currency auction" ...Say what? That's right..! Quote: "members of the parliament finance committee confirms on Saturday that Prime Minister Kazemi owns the powers to cancel the foreign currency auctions at the central bank..." There are a lot of things going on...
*** Jeff ...this is my opinion. Nothing more. I'm strongly looking to the second half of June for a financial blessing and for Iraq to go international... I hope you're right for once Jeff..! RON
Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON
**** MilitiaMan Article: "The disclosure of a crucial agreement between Erbil and Baghdad, pending the signature of Al-Kazemi in the coming days" Looks like crunch time is upon us. This article suggest coming days, yesterday it was within hours, and another one suggests 2 days. Regardless, speed is a necessity at this stage and the fact they are speaking to the ports about the new stage of financial adjustments in an article today are to be at hand now, not after the fact sometime in July. They have the most important items all in one paragraph... Budget, border crossings, customs, federal revenues, peshmerga, agriculture, etc... They even told us they have had an agreement since last December. So with the new PM and the new stage approaching, I’ll bet this time they hammer it home..!! ... I like it!
**** Mnt Goat Article: "IRAQ PUSHES FOR RESCHEDULING OF REPARATIONS TO KUWAIT" we have been told many times that by the end of 2021 these war reparations would be repaid. Iraq has been working to pay them off but now they have to halt these payments for some time. I am told this will not effect a reinstatement since the IMF is leaving any negotiations between Iraq and Kuwait between them.