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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 
       
       
      *** Walkingstick & Frank26  It is fair to say IMO that the new exchange rate that is soon to come out is a 'mechanism'...the CBI is right now exposing the monetary reform.  IOO the reason why is because...a date for the new exchange rate is getting closer.

       
      *** Frank26  The World Bank was given the 'White Papers'...the World Bank is telling a truth not a rumor.  IMO the CBI now has the means to raise the value.  The obvious has been stated by the World Bank that the CBI now has the means to raise the value of their currency... Where did the 'White Papers' come from?  Kazemi and Ghaleb [CBI Governor].  What do the white papers contain?  IMO they contain the new exchange rate that is written in stone...


      *** Pimpy  There has been a lot of talk about the Iraqi dinar.  I know there has.  The rate change as well.  This isn't hard to figure out....you don't have a stable country nobody's going to have faith in your dollar...let's keep our fingers crossed things settle down...there are other factors outside of an RV or an RI to play a part in the rise of the value of the dinar...
       

    • 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 
       
       
      *** Kaperoni  One of the most frustrating things is to watch the Central Bank of Iraq and its new governor learn the procedures they need to maintain the exchange rate. This seems to happen every time they get a new governor. Maintaining the spread is a balance between dinars in dollars. The CBI needs to make sure that they are fully liberalized to provide that foreign currency per IMF guidelines.  It's also a catch-22 of sorts because they don't want to just spend all of their reserves to fulfill the demand when the majority of the demand are people manipulating the system for profit. The solution is to curb this corruption not reduce the foreign exchange. But Iraq seems to have an inability to do so. As a result we see the foreign exchange at the auctions continually going up. And when they reduce the currency available then the spread begins to climb.

       
      *** Walkingstick   I want you to notice something.  These terms 'implementing a new mechanism' are being used for everything that's needing a new exchange rate.  They are implementing a new mechanism...You know them all  - the salaries, the budget, the HCL, the farmers, the white papers.


      *** Pimpy  Article: "Dollar price close at 150 thousand dinars in Baghdad"   For every dollar you get 1500 dinars.  It's going in the wrong direction.  This means people are losing faith in the dinar and they're getting away from it by grabbing US dollars.  You don't want that to happen.  You want people to stay confident in their currency.  The government is going to have to do something about that and I think we're going to see that real quick.

       
      *** Frank26   Kazimi and Ghaleb are in cahoots.  They are on the same floor.  They are standing on the same terra firma.  They understand exactly what they are doing with their reforms.  One of them is in charge of one reform.  And the other one is in charge of the other reform but ironically enough one reform can't be launched without the other reform going first or simultaneously.  Ghaleb and Kazimi are in deep conversations with the Fab 4...they meet everyday...right now the topics they are having...are hot on the economic and monetary reforms...
       
       

    • 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 
       
       
      *** Walkingstick  The World Bank within the last three weeks is constantly talking about the exchange rate of the Iraqi dinar.  Constantly the World Bank is telling the CBI please you're a sovereign nation raise the value of your currency.  The World Bank talked three days in a row, last Tuesday, Wednesday and Thursday and came out and they stated what?  The obvious.  Raise the value of your currency CBI...right now the World Bank is carrying the football...What did the World Bank say that the CBI has?  They have a mechanism to implement the reforms.  What do you think that mechanism is?  The mechanism is a new rate...

       
      *** Pimpy  We're starring to see the value of the dinar is losing against the U.S. Dollar.  Why?  Because how are outside investors going to come into Iraq and invest when there's so much instability.  They need security.  I would not want to go somewhere and invest money into a county when there's too much civil unrest...We're starting to see all these militia groups feel real emboldened since o'biden got into office...people are not feeling very secure about what is going on in the Middle East...

       
      *** Petra  The Kurds are back in town...whenever they come to town it's for business!  And right now, the Kurds, along with the world are waiting for...the opening of the budge, and the new rate!  We are in a great time-frame!!  Watch the CBI!!! ALL IMO.

       
      *** Frank26  'We're implementing a new mechanism'  Those are direct words from the CBI...that is really explosive! ...about three weeks ago we said watch - the CBI is done.  They already told the citizens...Both Mustafas {PM Kazemi and CBI Governor] on television saying 'If you think the exchange rate we used to have was something wait till you see the one coming out'...

       
      *** NORV  [aka Kaperoni] Article: "The Central Bank feeds electronic payment cards at the official rate of the dollar" Quote: "The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank." ...the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it's a catch 22... violate rules to curb corruption or continue with the corruption and meeting IMF conditions.
       
       

    • 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 *** I'm hoping that one day soon in the near proximal future we will be able to see a new exchange rate on the CBI website, because...[of what]...the Fab 4 accomplished with the CBI...

       
      *** Kaperoni *** Only with the growth of Iraq's economy can the dinar go up in value. Iraq has work to do in order to build a prosperous private sector/ market economy with foreign investment... Hopefully they are beginning to make progress. Hang in there.
       
       
      *** RVAlready *** Question: [...when do you think the RV will happen?]  I think it will happen when everyone thinks it is safe to do so. I could hope for next week, but we will have to WAIT and see..!
       
       
       
    • 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: "ECONOMIST: THE GOVERNMENT’S JUSTIFICATIONS FOR RAISING THE DOLLAR EXCHANGE RATE ARE FLIMSY"   Quote: "...in a statement to the “Information” agency that “the currency auction did not decrease in its sales"
      ...the currency auctions have ended....Not according to this article.
       
       
      *** RVAlready *** Question: [Seems that all of these countries are talk about their future digitized currency. That’s all great but we’re still holding onto Fiat currencies from several countries.. when are they planning on having us send these paper notes to them?]  I think any country that terminates a currency has to give you a couple of years to cash out. Most countries will probably just cut back on printed currency, and let attrition happen naturally.

       
      *** Frank26 *** the World Bank knows that both of your reforms economic and monetary (but monetary being first) are tied together and the Kurds were the key for your budget that will launch these reforms.  They are explaining that the only way your economic reforms will prosper is when and only when the CBI raises the value of your currency through your exchange rate.  The World Bank is telling the world it is illogical for Iraq to have a low rate for their currency right now...they need to do something about the exchange rate because...the poverty rate of Iraqi citizens is horrible.  They tell the CBI/GOI you're a sovereign country and you can now lift the value...

       
      *** MilitiaMan *** My view, is with the massive amount of data we have been showing in articles with links to support the view, is that they are ready and are heavily pressured to go to a market economy... my view is I expect a strong ( like never seen before, as noted on Iraq TV.) international rate to be gamed off the devaluation with the help of the local bankers and traders who are fully aware of what is going to happen next. We have data that supports them saying so...Let’s see what they do next..!
       
       
      Have a Blessed Sunday Everyone ... RON 
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