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Friday Night Opinions @ 11:00 PM CDT - 9/17/2021


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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. :twothumbs:RON 



** Walkingstick & Frank26  We do not believe at all that this is going to go until the end of the year.  It may be settled by introducing the new small category notes and exchange rate at the same time or it may be settled by introducing the notes first followed by the exchange rate very shortly after that...these are the days of the monetary reforms final [musical] notes for the new small category notes.  It will be a beautiful note that last sound...


** Mnt Goat  ...we are hearing that in Turkey, Jordan and even in the US many people are using debit cards with a rate of $6.00+ on them. Is this all legal?  I will answer this question with one word….  NO!  Unless the dinar is reinstated no one in the US can exchange due to OFAC sanctions placed on the Iraqi dinar currency. Banks are not legally allowed to exchange dinar at the future rate projected rate they plan to initially show it at.  (post 1 of 2).. 

** Mnt Goat   As far as other countries outside of the US it is up to the Central Bank of Iraq (CBI) to decide what they can and can not do. So this part may be legal as they can payout to employees of contractors using debit cards whatever rate they negotiate for their work. In practical however, to keep the rate stable you would think the CBI would not do this in the middle east unless the new rate of $6.00+ is very close at hand and close to reinstatement on FOREX too. So this is good news for us. (post 2 of 2).. 


** Frank26  All these countries/companies pouring into Iraq know they are Article VIII, they know they have security and stability, they know Kazemi is in charge, they know they want to pour in because Iraq is an investment.  The ROI is insane.  Iraq is worthy.  And Allawi, one of the cabinet members under Kazemi, is telling the citizens of Iraq, 'Hey, it's time for a change in our exchange rate.  It's also time for a change in our currency.  We're going to become leaders in the Middle East.' Daaannng!


** Petra  Their digital environment is not only ready and tested, it's sound and based on International standards.  That's critical.  It's ready to interact with the world to bring Iraq into the 21 Century.  Banks are ready for the citizens...



Edited by ronscarpa
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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 A dinar is a dinar in country...Iraqi citizens are not 'cashing in' any of their 3 zero notes.  Not like you are.  They're simply exchanging their 3 zeros for the lower denominations for more purchasing power.

      ** Kaperoni  ...A "program rate" for the Iraqi dinar. The exchange rate of dinar is the exchange rate. The term program rate is a term that was taken from the IMF in a Stand by Agreement and twisted to imply the exchange rate is fake.  All BS....there is no lottery ticket magical RV.

      ** Pimpy  There's one heck of a report that came out on behalf of Iraq.  A really positive step.  Report:  "IMF Staff Concludes Virtual Visit to Iraq"  the write up is really good.  To start off you can see that Iraq is definitely on track...they're expecting a 12% growth in GDP.  That's good...that is a nice little write-up from the IMF staff.  Of course it just indicates Iraq is definitely heading in the right direction. Their economy is strengthening...looking good but we still need Iraq to get yanked off that so-called blacklist over there in the UK...we need this election to be finalized and we need peace and stability to remain...we need the troops to get out of there.  All these things seem to be happening... 

      ** Frank26  [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: We now see the special commercial.  It's on TV. We're watching it right now.  They're saying that the currency of Iraq is tomorrow's future...They say the special will run through the weekend.  It's at 9pm Iraqi time.  It's a 1 hour show... FRANK: IMO that means you are just a matter of moments away before they show you what they are talking to you about... FIREFLY: This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022.  Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country's currency..[Post 1 of 2].

      ** Frank26  [Firefly boots-on-the-ground Iraqi TV continued] FRANK:...IMO they have to show you what they're going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you.  They can't just give these new currency note in your hands because you guys will not fully understand.  It must not fail with you.  Once that step has been accomplished they will show a new exchange rate.  IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st..[Post 2 of 2].

    • 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  Article:  "Adviser to the Prime Minister:  The 2022 budget is guarded by surprises and includes appointments"  The budget is guarded?  What are you guarding cookies??  No but it's more delicious than cookies...Kazimi is trying to tell the people of Iraq that there's going to be a surprise in the 2022 budget...Do you realize how much the exchange rate is guarded?  You realize the top secret involved behind that number?  Now you know it's 1 to 1 but you have no idea what it will be capped at do you? 

      ** Kaperoni   If you own dinar do yourself a favor, spend your time reading and learning about Iraq and rebuilding of their economy. Until then, nothing is happening...Until Iraq has a new government in place, and they passed laws, build a diverse private sector economy there will be no change in the Iraqi dinar.

      ** Pimpy  Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq"  They're just about done with this...this is one of the things I believe is holding up the rate change...the remaining amount is $629 million.  Not bad at all.  It's less than half what they just paid.  They said this should be done by February which means all war compensation should be complete...This is a huge deal for Iraq and IMO helps them take another step closer to a bigger rate change when the time comes plus having their sovereignty reinstated...

      ** Walkingstick  In the 2022 budget the governor of the Central bank of Iraq and the prime minister Kazimi both are telling the Iraqi citizens we have a guarded secret that was well studied... What's in the '22 budget... what's in the white papers?  [the rate].

      ** Frank26   [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY: They're talking about the old currency again...the ones from the 1940's...they're saying how the new currency will support a true dinar rate as long as Iraq enters the global markets...they're telling us about deals with foreign countries...and they must have a strong dinar to have these deals with these foreign countries because Iraq will be a centerpiece in the Middle East...  FRANK:  The CBI is trying to explain to you why you need this new currency because it has to match the new math that they're trying to explain to you..[Post 1 of 2].

      ** Frank26   [Firefly boots-on-the-ground Iraqi TV update]  FRANK continued:  the new exchange rate of 1 to 1 against the American dollar and not the sanctioned program rate of 1190 because that does not mathematically work with the new small category notes that they are about to give you.  This is a wonderful step in your education because IMO it is putting you in a position to receive them now...IMO you're going to see them before they officially give you the new rate so that you are prepared for the budget at the beginning of next year.  They are showing you again this week the old small category notes from the 1940's because they want to make sure you understand that they will be looking almost like the ones that they're going to hand out to you..[Post 2 of 2].

    • 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  At this stage without having said that they have changed their rate yet but they can at a moment's notice with inter-connectivity and that's what they're saying that they have simulated.  The keywords are simulation, simulator, incubator they're using all these different terms.  They've tested it.  They've simulated it.  That's where we are in this...

      *** Mnt Goat  There are many very good articles coming out and most of them are all about the election and the revaluation of the currency. WOW! I have never seen so much pressure from all areas to revalue...Many of the articles are following along the lines with the concept of revaluation but they tend to move towards just getting back to pre-December 2020 rates. This is not what the CBI is aiming for. I am telling this as FACT!. Instead they are going to go all the way to reinstatement of the dinar back to global trading platforms. This is the end process. They have been aiming at this for a very long time.

    • 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  [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: Many of us are upset that the exchange rate has not changed yet and more and more are protesting and speaking out.  'Need a change' is the word on the street. FRANK: ...the governor of the CBI is doing a good job of educating you isn't he?  And you know that...your country is so rich that the concept of changing your exchange rate is actually an afterthought...

      ** BobTheTaxMan  We do have a lot of changes that have happened in our tax situation and it's still under flux...We are moving from a conservative to a liberal administration with changes in attitudes, goals, and especially taxes!  Under the previous administration we had the attitudes and goals that favored our IQD investment...The current administration's attitudes and goals favor limited retirement, capped charitable sharing and increased taxes for those making over $400,000 per year.  I want you to remember that the political pendulum swings both ways...currently it's swinging to the left...[Post 1 of 2]

      **   BobTheTaxMan  It doesn't mean it's going to stay that way forever...this is...normal...don't get too excited over it...crying over spilt milk...doesn't do any good for anyone...let it go.  Realize this is where we're at now.  We're facing some challenges and some changes that's going to have some effect on our IQD investment plans...Your personal financial ship is up to are the captain of your ship.  Your preparation, implementation and the results of what you do are yours.  Understanding ...changes in policies...the world of taxes is the key...and the hopeful plans we have for our financial future in regards to the IQD...[Post 2 of 2]

    • 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: "CAN THE DOLLAR EXCHANGE RATE RETURN TO THE PREVIOUS ONE IN THE NEAR FUTURE?"  Again economist Antoine is still talking about floating the dinar on the program rate and not reinstating it. Yes, they do realize you can not float the dinar on the program rate just inside Iraq . It must be liberalized and float on the global markets, thus FOREX and other currency exchanges. This is the CBI plan to do this. So, these articles, like this one, are just more rhetoric from economists who do not know the overall long-term plan for the dinar. The long-term however, is now here.

      ** Holly ...From Iraq News... Kuwait confirms receiving $1.47 billion in war compensation from Iraq ... After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections The Sadrist bloc topped the final election results by obtaining 73 seats, (My understanding is that Iraq had to finish paying Kuwait before they could revalue - to be article 8 compliant. And now that The Sadrist has been announced as the winner, hopefully Kazemi is being considered.) 

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