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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 
       
       
      *** Pimpy *** One of the articles says that Al-Kazemi is going to appeal the 2021 budget.  What that has done is started all kinds of rumors in our nifty little arena of the Iraqi dinar.  People are like 'oh yeah they're going to change the rate again.'  Guys we don't know what they're going to do okay.  Is it possible?  Of course.  Anything is possible.  First things first...he wants to put in some amendments.  Nobody knows what those amendment are...people are saying that in there is going to be the rate change.  There's no proof of that anywhere.  Does that mean it won't happen?   No.  Does that mean it will happen?   NO.  That's the point.   We won't know until they do it...changes are coming.  We'll see what they are shortly.

        *** Mnt Goat *** We all need to relax and let this play out in Iraq. All the conversations now are about implementing the financial reforms, as listed in the “White Paper”.  ...We know that the White Paper states that the project to delete the zeros will be completed. So, it’s now on the radar, its documented and they can’t avoid it much longer. Oh… we know the budget is passed and ratified. We are just waiting for the publishing in the gazette. But will we get the RV once it’s in the gazette...No one knows for sure but I will say the IMF does want Iraq to get its act together and follow a budgetary process. It is now done. But the CBI has said noting about an RV anytime soon. Is this just a coverup for what they might do? ...So far the CBI is not advertising any rate change in the next 2 years. Yes, two years. Will it take that long?   *** Frank26 *** They will float it [the dinar].  And the reason why is because internally they have fixed it [fixed rate] and they will float it internationally...that float equals a middle eastern basket that the Iraqi dinar will be in there with the American dollar 1 to 1 and all of these other countries that are around the Middle East they're gonna pour into that basket...maybe 6,7,8 different countries...those other counties will also be 1 to 1 with the American dollar.   
    • 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 *** Article: "Al-Kazemi:  We have succeeded in stopping the waste and the great corruption in the Central Bank auction, and we will not stop" ...he seems to be doing what it takes to clean up Iraq and to get them back on their feet where they belong.  They are a rich country...unfortunately the corruption is so bad and people are so greedy...these are the types of things [Cleaning up corruption] I like.  It's a great reflection on the country when it comes to the international people...this is good.  We want to see the corruption being taken care of.


      *** Mnt Goat *** Article: "MEANING OF CURRENCY REVALUATION AND WHAT WILL HAPPEN IF IRAQ TAKES THIS PATH" Quote: "The act of altering the value of a nation’s currency relative to other currencies is typically influenced by market pressures. The pressure is now."   The pressure is not going to end until the CBI completes the project to delete the zeros and the revaluation of the dinar against the dollar.
       
       

    • 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 
       
       
      *** FootForward *** (When the value increase occurs) I personally am going to a bank to cash out my dinar. I would be a little wary personally of anywhere saying that there is no tax. For one the tax has not been determined yet on this exchange...I think people are so caught up in the highest rate or no tax that they lose perspective of the big picture. [I have never paid tax on converting usd to Canadian or Canadian to usd but that was under $200.]  This is very different.  It would be awesome to pay no tax...But this isn't just a currency exchange in the traditional sense... (Consult your Tax professional at the appropriate time.).. 

       
      *** Walkingstick *** They're going to keep a tight band and watch the cap.  The reason why is because supply and demand is going to shoot the Iraqi dinar into a crazy situation.  Phase 3: Flotation is actually...a Middle East basket...in order for them to tell you the next step is flotation [it means] Step 1 and Step 2 are already done.  You just have to wait for them to show you and tell you. See previous daily posts for the 3 steps explained.
       
       

    • By ronscarpa
      *** Kaperoni   Article quote:  ..."all countries of the world follow the policy of floating currency except in Iraq because the currency auction is one of the chapters of corruption that feed the pockets of spoilers," stressing that "floating the Iraqi dinar will protect Iraq's reserves from hard currency from loss and waste." The reason he posted this Article Quote is because it parrots what he's been saying about Floating the IQD.
       

    • 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 *** Article: "Al-Kazemi: The Central Bank reserves rise to more than $60 billion"  this is good.  Why is that?  The more of the reserve dollars that they have, the more foreign currency they have in the reserves that...strengthens the dinar.  This is awesome.  It's good to see.

       
      *** Mark ***  [Comment:...It has the possibility to go back up internally if they collect enough Dinar off the streets.] They have definitely been doing that.   We have seen that in the main stream news…they have collected about a trillion and a half dinar off the streets in the past 2 months. Is there a set number they are looking for…no…I hear once they stop getting an inflow off the streets, then I’m told it will go, and go quickly. Told by who Mark...Santa..? 

       
      *** Frank26 ***  The goal is to change the rate. And it will be fixed. But, IMO, because oil prices are changing constantly the float outside is going to move a little faster than I calculated...


      4-14-2021   Newshound Guru Pimpy    I see it all the time in the news and it's interesting to watch.  We are seeing now almost on a daily basis is some type of talk about the exchange rate...the news is paying attention to what is happening on the open market.  Very very interesting.
       
       
      That's it for today folks ... Be Blessed ... RON 
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