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    • By ronscarpa
      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 *** [There was a Question about the Vietnam Dong] ...The Vietnamese dong is no longer under the thumb of China.  China would tell Vietnam you can't do this.  You can't export that.  Gotta do this, that.  Now Vietnam is exploding.  Their GDP, economy is exploding.  There's not much China can do about it and the reason why is China is going digitally with their currency and so is Vietnam.  China is about to let go of Vietnam and let Vietnam do what it wants.  I think Vietnam wants to enter an Asian basket.  A lot of people are saying the Vietnamese dong is going to be in a basket with the Iraqi dinar.  No!  The Iraqi dinar is going to be in a basket with Middle Eastern currency.  The Vietnamese currency will be in a basket with Asian currency...

       
      *** Footforward *** [Q? : ...How many baskets do you think there will be?...If I understand correctly, there will be one strong  hub currency in each basket...]   From what I've been told there are three baskets currently in play.  Every basket has what's called an anchor currency. The one that's going to have the biggest move and basically helps to create what's needed for the other evaluations to happen. The dong is one, it anchors the Asian basket. Even more so now. The Iraqi dinar...anchors the middle East basket.  The third basket I can't talk about yet. I may never be able to talk about it publicly...There could be more in time but at the moment there are plans in place for three.
       
       
      Boring VND stuff ... Blessings ... RON
    • By ronscarpa
      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 *** This  [Recently discussed tweet from the Iraqi Government]  is old.  These were the words of the Finance Minister before the rate change happened {When they devalued in December}.  There's no date on this tweet...I'm pretty sure this is something that was said sometime in December or at least it was said in an article before the rate change happened when they first were talking about the White Paper reforms.  I don't want you to get down.  It's not bad news.  This is just  'look at everybody jumping on this like they're going to change the rate again' ...slow down sparky.  I got you.  I remember these words specifically.  These were said before they devalued the currency...

       
      *** Jeff *** They've pretty much almost stopped the currency auctions.  Not quite to 100% but there's down to probably about 95% reduction in country.  That's tremendous.  Remember I told you about the time they devalued the currency clear back on December 20th - this is one of those patterns we were looking for...they have done so.  That's just more confirmation they're in the progress of changing that exchange rate.

       
      *** Petra ***...if they were going to have a budget at 1450 or even 1190 they'd have done it.  That's what's key to understand.  They are waiting for the rate because they know that's what they need to make all the changes.

       
      *** Frank26 *** The Iraqi dinar is pegged to the American Dollar.  You may say no it's not.  Trust me it is electronically.  It's already 1 to 1.  I know that's a bold statement to make...the Iraqi dinar is about to play fair with the American dollar.  It's pegged to it.  It has no choice.

       
      *** Jeff ***  [Question: "Is the gain from this exchange rate considered taxable income?"]  I know a lot of people think this isn't going to be taxable.  It's going to be a taxable event guys.  We live in the greediest country in the world - the United States.  I promise you this will not go untaxed.  Plan on paying your taxes and getting on with your life.  Keep it legal.  Keep it real.  [Note:  Always consult a tax professional at the appropriate time.]

       
      *** Mnt Goat *** Article: "AL-KHALIDI IS SURPRISED THAT THE CABINET HAS FORMED A COMMITTEE TO STUDY THE CONSEQUENCES OF CHANGING THE CURRENCY EXCHANGE RATE"   So, is this proposal to change the exchange rate just to change it back to 1250 before the devaluation to 1450 or is it to 1:1 with the US dollar and give the Iraqi dinar the strength it really deserves? I believe, based on other articles... that it is a study to go to 1:1 and then to eventually raise it back to 3:1 and even higher... there is much pressure to finally get this done.
       
       

    • By ronscarpa
      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
       
       
      *** Adam Montana *** ...I know it can be a bit painful to try to decipher the articles, so I'll give you the elevator summary:  Things are going well. There is a current discussion on "raising the price of the dollar", which would be bad for Dinar, and the overall sentiment is that they publicly do NOT want to "raise the price of the dollar". (That's a good thing for us!) Part of the reason is due to the current favorable price of oil.  And, of course, none of that matters when the HCL goes through. It's been pretty quiet on the HCL front... When the HCL comes, we have an RV either already announced or just around the corner. Until the HCL is done, we wait patiently...I have no doubt that we will reap the dinar windfall... Go Iraq... Go Dinar...GO RRRVVV!!!...  This was taken from a site that follows Adam's opinions and posts snippets from them. See his whole chat @ Adam Montana Feb 28 2021


      *** Jeff *** Remember I'm not a financial advisor.  This is nothing more than my opinion.  I strongly feel the rate will come in around the $3.80 range.  That's my personal opinion...
       
       

    • By ronscarpa
      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
       
       
      *** Adam Montana *** ...In GOI news, Iraq is muddling through the final stages of the Budget. We don't need the Budget to be complete before an RV, but a "happy agreement" between the Kurds and Baghdad will do a lot to grease the wheels...This was taken from a site that follows Adam's opinions and posts snippets from them. See his whole chat @ Adam Montana Feb 28 2021

       
      *** Jeff *** Iraq is completely on par with Kuwait.  Iraq and Kuwait's fiscal year (I know this for a fact because I've already consulted with the Iraq government) is April through March of the following year.  That's why Kuwait changed at the end of April [March?] to accommodate the March fiscal year...If you want to know when Iraq's doing their rate change, they're doing it on the exact same historical Sunday when Kuwait did theirs...Iraq is following in Kuwait's footsteps. 
       
       

    • By ronscarpa
      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: "Zafer Al-Ani: Parliament Will Continue Its Sessions Until The Budget Is Approved" Quote: "the budget has reached its final stages, leaving nothing but the announcement of the agreement with the Kurdistan region regarding the percentage determined for it in the budget and other matters that will be completed within the next few days."  Well well well. They are continuing the session tomorrow. The 1st of March. They'll be at it until budget law is approved, so they say. Leaving nothing but an announcement. Well they'll need to announce a rate with that now wouldn't they?  ...A new exchange rate can fix many ailments.. imo...

       
      *** Pimpy *** The problem with us dealing with the dinar is this.  In order for the dinar to have any kind of purchasing power or to get any real change on the exchange rate there has to be some stability there.  Already all around we're starting to see crap happen.  Iran, Syria bombings, missile attacks within Iraq...Biden hasn't even been in office two months and already the ****'s falling apart...I don't like the way it looks although there's some good things happening over there in Iraq.  The financial grade [B rating] is good.  The reserves are building that's good...so there are some good things.  I'm just pissed about the way this current administration is too much into bombing crap...You gotta take the good news, bad news, the ugly news.  You gotta take it all. Stay grounded. 

       
      *** Jeff *** [Question: "How will the Iraqi people prosper from or benefit from the rate change?"] ...it gives the Iraqi citizens and the Government of Iraq purchasing power...there's only one way for Iraqi citizens to get rich.  They have to keep and exchange the 3 zero notes after the rate change...
       
       
      That's all for today folks ... Blessings ...  RON
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