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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 ***  Phase two is another step in the exchange rate because it has the possibility to go back up internally if everything goes well - if they collect enough of the 3 zero notes.  There's a set number they're looking for.  They're trying to collect the 3 zeros in their country because they know you and I as speculators we'll turn ours in...they did send dinars to banks all around the world, they were all electronic/digital. Brilliant...!  Based on Franks article below..!
       
      *** Walkingstick *** Phase three:  They (the Fab 4/CBI) will keep a very tight band, a super tight band  on this international float.  Because they don't want it to move anymore than plus or minus 3%.  Then it will reach a cap...supply and demand will put the dinar on a different international level. Based on Franks article below..!
       
       
      *** Frank26 *** Article: [Adapt to the exchange rate]  Quote: 'to adopt the method of "flotation" Al-Madar - in the next step, in conjunction with the increase in the central reserves...' You now understand - Phase One: Solid date 1 to 1 fixed rate.  Phase Two:  Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again.  How about $1.19 or $1.46?  Outside of the country the same thing is happening.  Strengths and stability is being added to your currency...because of the investors...they recognize that Iraq now qualifies for the international rate of their currency.  When it enters Phase Three: Maybe 6,7,8 months later as it floats...that's the next step after we do phase 1 and 2...these phases are upon us. [REPOSTED: for context for above Walkingstick posts]
       

    • 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 (Parliament) are clearly stating the 2021 budget has been approved to price oil in dinars now.  The PM states the 2021 budget is financing the the Port of Faw project in the billions. To price oil in dinars is only possible with an exchange rate change, imo. Whereby, if the deletion of the zeroes is to happen, then it would make sense, as there are not enough dinars in existence to do so in dinars.  With an approximate 4 million barrels of oil a day at say $65.00 brl is upwards of 379.6 billion dinars a day... Nope not going to happen imo... Drop the 3 zeros and that can happen... And hence the projects cornerstones are being put in place today. imo.

       
      *** Kaperoni ***...The dinar exchange rate is the dinar exchange rate.  The word..."program rate"...was taken from IMF consultations with Iraq that referred to agreements...it is not some temporary exchange rate in anticipation of some significant other rate or RV...
       
       
      Good Morning Everyone...! 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 *** There are massive demonstrations on going, etc...Everyone knows that going to a market economy is based on the country being Article 8 Compliant with freedom of capital movement.   We see proof of that now in the markets and the implementation of projects. Massive ones!! Port of Faw, GE, etc... They didn’t agree on the financing at a program rate, imo.

       
      *** Footforward *** ...the dinar rate...will be one to one...I very specifically tell people it's my opinion..! 
       
       
      That's all for today folks ... 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 *** Article: "After April 9, 2003 .. Prospects for Financial Development and Existing Challenges"  Quote: "...the issuance of the new currency, which resulted in** raising the price of the Iraqi dinar and making it get out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken." And that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the Current circumstances..."  Let that start to sink in... The issuance of a new currency...One where they raised the price of the IQD... But be sure, imo...they are telling us what has been done and in my opinion to be exposed...imo!...(wink)     *** sheila *** ...especially expectant this week. From what I am reading...April 14th is next Iraq Gazette issue and April 15th is when UN Operational Rates should be updated and posted...[IMO]...     *** RVAlready *** The CBI does not need the budget to be in the gazette. They are setting the exchange rate for the currency. They do not require the budget in the gazette to do that.
        That's all for today folks...a really light day...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
       
       
      *** Kaperoni *** The president of the Republic of Iraq has signed off on the 2021 budget. They began implementing it Thursday...

       
      *** MilitiaMan *** I'm just glad to see that the central bank has been in the process of improving the exchange process. It looks good, really good...

       
      *** Frank26 *** Never in the history of Iraq have we ever seen a budget approved signed sealed and delivered and implemented.  Never.  The dictatorships of Iraq have always stolen the money.  Not only from the government but from the CBI auctions...what does the budget have to do with the monetary reform?  A lot.  The exchange rate is it.  The HCL is in there...
       
       
       

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