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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
       
       
      *** 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...

       
      *** Adam Montana ***...I'm still in daily communications with all of my dinar contacts. I still get my usual briefings from the important people on dinar... The last time I touched on the price of OIL was quite a while ago - I was optimistic even though oil prices were only at $40ish.  Where are they today?  $61..!  Which happens to be above where we need them to be for a launch of the RV...  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

       
      *** Pimpy *** Article: "The Central Bank Announces A rise In Cash Reserves To More Than 55 Billion Dollars"  That's good we want the reserves to be up higher.  The higher it goes...it's really good for the currency...It's because one of the thing that gives its strength is the fact that there's a lot of reserves. This is very, very good...! 

       
      *** Jeff *** Tweet from the Iraqi government: "Setting a new exchange rate for the Iraqi dinar against the U.S. dollar is part of the economic reform program adopted by the @IraqiGovt, which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path."  Since roughly Monday of this past week is when they starting putting a huge emphasis on the exchange rate as we approach the implementation of the budget and their new fiscal year of April 1st...
       
       
       

    • 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
       
       
      *** Mnt Goat *** Article: "OIL REVIEWS THE FINAL VERSION OF THE DRAFT FEDERAL OIL AND GAS LAW '" ...every time Iraq gets close to a revaluation the oil and gas and the article 140 laws comes up in the news. They talk about completing it and how close they are to passing it as law. Coincidence? I don’t think so. ...they need to fully address their new constitution before they can reinstate their currency back to normalcy. They need referendums passed in parliament on both of these constitutional directives prior to going global. Sure, they can set up all the mechanisms to do so over the years, as this takes years. But in parallel to this effort, they must also get these two laws in place.

       
      *** Jeff ***...Iraq becoming international, Article 140, HCL, the reconstruction reforms - all that is hinged upon the physical rate changing.  Once the rate changes they become international and then all those secondary dominoes will fall right into place...

       
      *** Frank26 *** [Question: Do I need a receipt to go in to exchange my dinars? ...I lost my receipt so I'm afraid to go to a bank without my receipt. Maybe they'll think I stole it. Maybe they'll question me. Maybe they'll ask who bought this - Who does it belong to?  I'm worried about it.]  No...just my option...You're going to walk into a bank and you're going to present your dinars or you're going to have a representative do that for you.  The bank is in the business of exchanging that currency so they can make a profit off of you...They also want to keep you as a customer because once you exchange they want you to keep that money in their bank.  The bank has no interest in who bought that dinar...The bank is only there to exchange it and to follow through with their banking services.  So when do you need your receipt?  IMO you need it for your taxes...if you're ever audited... [Note:  Consult your financial advisors at the appropriate time]
       
       
      Good Night Everyone - that's all for today ... 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
       
       
      *** MilitiaMan *** They will not be going into a market economy with a devalued currency at 1460... The new exchange rate will need to be applied...   One that is the strongest in the region will do it... imo... Setting a new exchange rate is exactly right. It is part of the plan! Has been for years, and it is sure welcomed now...

       
      *** Frank26 *** Article: "Al-Rafidain Bank leaves the seventh Item." What is the 7th item?  Chapter 7 of the UN security council.  What is it?  Handcuffs on their currency...can you say free as a bird?  Can you say Iraq is about to legally raise the value of their currency under the IMF/World Bank regulations so they can attend to their obligations not only internally but externally internationally?  Quote:   "the exit decision came after fulfilling all the bank's financial obligations to international financial institutions."  That's article VIII.  That's raising the value of their currency... this is huge.  This is monstrous.  This is article VIII carved in titanium.  Free as a bird to do what they want to do.  You think they want to stay at a program rate?  No...

       
      *** Breitling *** [Question: If they increase their rate after paying down their debt with this [December 20, 2020] devaluation do you see a dramatic increase quick or slow increase?]  There's no way to tell right now.  The markets change.  Everything changes so quick.
       
       

    • 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
       
       
      *** Mnt Goat*** Article: "LEARN ABOUT THE CRITERIA FOR REPLACING DAMAGED BANKNOTES IN IRAQI BANKS" Why this article and why now? The CBI is finally taking in these large scale stashes of banknotes hidden under mattresses and buried in the backyard. They need now to set standards of how they will exchange these not so good notes. After all this was part of the point of devaluing the dinar in the first place. They needed to get the people to realize that the US dollar is worth more than the dinar and so turn in the dinar for US dollars. They needed to really shake them up. The longer they hold on to the 1450 rate the more dinar stashes will come forward...

       
      *** Frank26 *** Article: "Punishment: Dollar speculation with corrupt banks cost the state a trillion dinars a month."  Not anymore.  We stopped the auctions and we got Iraq a little bit under control.  Quote: "to restore the unfair decision agains the Iraqi economy to raise the price of the dollar and return it to its previous era."  This translation ugh!  But you understand don't you.  To raise the value of the Iraqi dinar against the dollar and return it to its previous era...that's what Dr. Shabibi said would happen and that's what's happening.
       
       
      *** Jeff *** Since the start of the week Iraq has been finally putting an emphasis on their exchange rate. Article: "The Minister of Finance announces measures to support the effects of changing the exchange...and discusses the White Paper procedures"  ...they're really now putting an emphasis on the exchange rate and moving it in the correct direction - raising the dinar against the dollar not the dollar against the dinar...everything is coming together right before us...we're in a great position.  We just have to sit back, stay patient with it and let it happen...
       

      *** Mnt Goat *** ...they are once again moving ahead with the oil and gas and then the article 140 laws. These laws need to be legislated in parliament in the form of laws and then passed into laws.   In 2011 the CBI told me that there was a mandate by the US and UK for Iraq to have a fully implemented constitution prior to reinstatement of their dinar thus getting out of the US Treasury OFAC sanctions completely... have they?

       
      *** Jeff *** One of the things we've guesstimated in this is that They would most likely change the rate specifically over a holiday...here's the next holiday in Iraq - Sunday March 21, 2021.
       
       

    • 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: "The Federal Reserve’s systems for transferring money and financial assets among banks, businesses and government entities went offline for a period of time on Wednesday, upending crucial parts of the country’s financial infrastructure."  Lets see if the Digital System had a reset with the Fed yesterday has anything to say about the winds of March...I suspect that shut down "operational error" yesterday was on purpose or was it? ...Apparently that has never happened before...(post 1 of 2).. 
       
       
      *** MilitiaMan *** My view is it is possible that shut down (OE) by the FED was a potential global notice given out, that change is coming...Kinda like, hey world we are resetting the system, rebooting...Then we resume like nothing happened, until x date which may be within a very short predetermined window with a new adjustment made... everyone would have had to have been given equal notice, and once the adjustment is made, a level playing field is set in motion and all are on equal footings...So did the FED test the system live in real time to see how it would work out? Then if successful, notice has been given, then game on?...(post 2 of 2).. 
       

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