Some More $2.73 ER Talk.

[Luigi1]

Here's some articles related to the $2.73 ER...

All articles are rumors & should be treated as such until proven.

Treat as rumors.  Not verified.  Your opine.

 

 

Clare via Moparman:                 ER Talk.

ARTICLE:  I have found two exchanges so far showing the wonky movement of the Dinar: the Toronto Stock Exchange & the Chicago Board Options Exchange. The CBOE is explicitly for options contracts.  Intercontinental Exchange is still showing the 'official' rate of 1310 (IQD:USD -- the standard notation for ForEx pairing.)

 

The CBOE (USD/IQD) is showing USDIQD at 2.73 -- this means 2.73 Dollars equals 1 dinar. The TSX (IQD/USD) is showing the inverse of that, which means .366 of 1 Dinar equals 1 dollar -- .366 equals $2.73 per 1 Dinar.  They're responding in real time in sync.  As an example, a 25,000 Dinar note would be $59,250 at that current rate.

 

Just thought it might help to post.  No, this isn't the rate of the Dinar currently -- it's futures options, which can run anywhere from 1 day up to 6 months -- but it absolutely shows something is going on with the Dinar skyrocketing.

 

Addendum (I forgot to mention this): USD/IQD means how many Dollars equal a Dinar. IQD/USD (notice the inverse, it's flipped) means how many Dinars equal a Dollar.  The 2.73 IS a Dollar amount -- the inverse is how you'd calculate the ER ($1 divided by .366 -- which is $2.73.)  Someone was mentioning earlier that's not a Dollar amount, but the USD/IQD way IS a Dollar amount.

 

 

 

Clare:                          Dinar & Dollar.

ARTICLE:  Most of the crises that accompanied us led to the collapse of our national currency (the Dinar) were due to the wars that were forcibly imposed on Iraq by some major powers for many years & the Dollar was the final command that dominated the economic scene & contributed to destroying the value of the Iraqi Dinar.

 

In 1970, a piece of land with an area of (600) square meters in the most prestigious place in our city of architecture was worth (5) thousand Dinars & today the same piece is worth (one billion) & (500) million Dinars.  This is how playing with the fate of peoples was in order to weaken them & control them. Its human & oil resources.

 

Today, the economic world is witnessing a qualitative boom in awareness & very soon it will overthrow the “Dollar” & its name will be changed in the coming period to “the Dinar” & after a while to “the Dollar” & in the end it will completely lose its value & its printing price will be equal to (a number of cents).

 

In a televised interview with the “”Iraqi President, Engineer Muhammad Shiaa Al-Sudani””, he uttered a very important phrase (keep the Dinar). Today, through my humble vision, I bear witness that the “”Iraqi dinar will return to its lofty economic value””, away from wars & violence, through a new era that imposes its cultural will in the region and the world. 

 

DallasDude:  Well, this is as good as it gets as far as articles go...for some reason I am feeling a little more pep in my STEP today.

Moparman:  I believe when forex hits the desired number, we as investors go to the bank.  This guy talking is just more proof that we will soon celebrate.

 

 

 

Clare:                           Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market.

ARTICLE:  The financial advisor to the PM, Mazhar Muhammad Saleh, ruled out any effects on the exchange market due to “speculation” of the Dollar in the parallel market.

 

Saleh told a news agency, “The effects on the exchange market no longer represent the real price operations of the basic market forces.”

 

He stated, “Parallel market operations are nothing but illegal speculative acts that profit from accidental profits on individual or marginal transactions and are undertaken by forces of speculators working against the law.  This irregular parallel market has become isolated from the power of the official or regular market since the end of the legalization of economic transactions & the prohibition of... Any transactions in Dollars in clearing debts within the national economy between natural & legal persons, as today any internal contracts, transactions or obligations concluded in foreign currency & denominated in a currency other than the national currency are not legally valid.”

Saleh noted that "this confirms the monetary sovereignty of our country through the stability of the national currency & dealing in it alone without the participation of foreign currencies in internal economic operations."  Raghad Dahham.

 

 

 

Clare:                   The Sudanese Advisor Details Iraq's Financial Situation & Addresses ER.

ARTICLE:  The PM’s Advisor for Financial & Economic Affairs, Mazhar Muhammad Salih, stated the real growth rate in Iraq’s non-oil gross domestic product, while referring to Iraq’s financial situation.

 

Saleh said, in an interview followed by “Al-Iqtisad News,” that “the basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceed 100 billion dollars & they are the cover of the national currency, which means that there is complete coverage of the national currency issued in foreign currency, which provides "Ideal stability for the Iraqi Dinar ER, in addition to the fact that these foreign reserves embody Iraq's commercial efficiency, as these reserves cover more than 15 commercial months, while the global standard is only three months."

 

He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth."  

 

He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%) & it expresses the growing activities of important sectors, most notably the reconstruction, construction & housing movement & the development of the transport and digital communications sector & there is a continuing movement in developing the agricultural sector thanks to government support for crops." We expect Iraq’s grain production in the next few months to reach 6 million tons.”

 

 

 

Clare:                        Official: The Issue Of Iraq’s Accession To The WTO Is Coming Soon.

ARTICLE:  Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the WTO was imminent, while he stressed that the current federal government would achieve self-sufficiency & not depend on the importer.

 

This came during his hosting of a discussion session on the sidelines of the 7th session of the activities of the 3rd day of the Al-Rafidain Forum 2024 - Baghdad, under the title “Humanizing the Global Economy.”

 

Al-Jabri said during the hosting that the governmental curriculum developed by the Iraqi government is based on a strategy to keep pace with the development taking place in the global economy, as the government signed bilateral international memorandums of understanding in the field of trade & economics.

 

He stressed that "Iraq is seeking to enter the WTO & the issue is coming soon."  The Iraqi government official spoke about the issue of import & export, saying: There is no trade balance between exported & imported materials, as the monetary mass was going to other countries & this is what the current government seeks to address by relying on self-sufficiency.

 

At the beginning of 2024, the Kingdom of Saudi Arabia announced its support for Iraq’s accession to the World Trade Organization, especially after the political obstacles that prevented it were removed.

[WheresmyRV?]

[Luigi1]

12 hours ago, WheresmyRV? said:

 

The check is in the mail.

Patiently watch & wait for the mailman.

[hspotman]

Well I think it's a safe bet that IF nothing happens with the dinar this month, we are SOL for '24.

[Society]

The CBOE (USD/IQD) is showing USDIQD at 2.73 -- this means 2.73 Dollars equals 1 dinar. 

 

"Clare via Moparman" is clearly wrong........  USDIQD pairing on Forex means the USD is the base currency and that the IQD is the purchasing currency.  Therefore, 1USD will cost 2.73 IQD.  This all started from Frankie once again showing his ignorance on his CC Monday night.  

[Society]

2 hours ago, hspotman said:

Well I think it's a safe bet that IF nothing happens with the dinar this month, we are SOL for '24.

They have not submitted the changes for the 2024 budget yet.  Until they do, they pass them and it is posted in the Gazette, the fiscal year of 2024 hasn't officially started.  Remember also that the Accession Committee for the WTO gave Iraq the list of what laws they must pass prior to Full accession.  The Accession Committee isn't meeting again with Iraq until the "middle of the year".  

 

I look for Iraq to RD/RV before or just after Ramadan, get the parallel rate within the required 2% and hold it there upwards of 90 days to be acknowledged as Article 8 Compliant with the IMF.  After that process, they can RI and become full members of the WTO.  All of which can happen prior to the next meeting in the "middle of the year".

 

Ultimately, while the "Biden Regime" is in power they will continue to money launder through Iraq as long as they can....Remember, as Iraq is under US receivership, the US controls when and if Iraq can RI and has clearly prevented it up to this point.  The question is whether the CBI can proceed with the RD/RV without US approval. 

 

Bottom line, the sooner the Biden actor Resident is "unmasked", the sooner we see the RD/RV/RI process unfold.

[Luigi1]

1 hour ago, Society said:

They have not submitted the changes for the 2024 budget yet.  Until they do, they pass them and it is posted in the Gazette, the fiscal year of 2024 hasn't officially started.  Remember also that the Accession Committee for the WTO gave Iraq the list of what laws they must pass prior to Full accession.  The Accession Committee isn't meeting again with Iraq until the "middle of the year".  

 

I look for Iraq to RD/RV before or just after Ramadan, get the parallel rate within the required 2% and hold it there upwards of 90 days to be acknowledged as Article 8 Compliant with the IMF.  After that process, they can RI and become full members of the WTO.  All of which can happen prior to the next meeting in the "middle of the year".

 

Ultimately, while the "Biden Regime" is in power they will continue to money launder through Iraq as long as they can....Remember, as Iraq is under US receivership, the US controls when and if Iraq can RI and has clearly prevented it up to this point.  The question is whether the CBI can proceed with the RD/RV without US approval. 

 

Bottom line, the sooner the Biden actor Resident is "unmasked", the sooner we see the RD/RV/RI process unfold.

 

 

Yup.  Agree. 

The imposters in the WH are the problem.

So where do we go from here?

This don't change my bottom line.

 

[NWGUY]

Been looking up Redemption Centers, and haven't found one yet.  I am ready to let go of my dinar for $2.73, but maybe I should hold out for the $3.22?        

[hspotman]

4 hours ago, Society said:

They have not submitted the changes for the 2024 budget yet.  Until they do, they pass them and it is posted in the Gazette, the fiscal year of 2024 hasn't officially started.  Remember also that the Accession Committee for the WTO gave Iraq the list of what laws they must pass prior to Full accession.  The Accession Committee isn't meeting again with Iraq until the "middle of the year".  

 

I look for Iraq to RD/RV before or just after Ramadan, get the parallel rate within the required 2% and hold it there upwards of 90 days to be acknowledged as Article 8 Compliant with the IMF.  After that process, they can RI and become full members of the WTO.  All of which can happen prior to the next meeting in the "middle of the year".

 

Ultimately, while the "Biden Regime" is in power they will continue to money launder through Iraq as long as they can....Remember, as Iraq is under US receivership, the US controls when and if Iraq can RI and has clearly prevented it up to this point.  The question is whether the CBI can proceed with the RD/RV without US approval. 

 

Bottom line, the sooner the Biden actor Resident is "unmasked", the sooner we see the RD/RV/RI process unfold.

So then you aren't with Screwball....or was it artitech(?) 's assumption that if no rv by end of first quarter, nothing for the year?

[edbeach]

Hey NWGY  If you find a redemption Center for .35 cents or .10 cents I would cash out so fast would make your head spin.

Keep looking some of us would gladly cash out. 😆

[screwball]

1 hour ago, hspotman said:

So then you aren't with Screwball....or was it artitech(?) 's assumption that if no rv by end of first quarter, nothing for the year?

Don’t have to be with anyone make your own decisions…I actually don’t believe they need to wait 90 days as they have been in compliance for months now! So each to their own! 

[screwball]

Interesting about budget year has not started, could be correct about that! 

[screwball]

40 minutes ago, edbeach said:

Hey NWGY  If you find a redemption Center for .35 cents or .10 cents I would cash out so fast would make your head spin.

Keep looking some of us would gladly cash out. 😆

Nope I want 3.22, I got sum spending to do! Serious spending!

[screwball]

5 hours ago, Society said:

look for Iraq to RD/RV before or just after Ramadan,

Who would not  be happy with that

[screwball]

On 3/6/2024 at 8:43 AM, Luigi1 said:

Most of the crises that accompanied us led to the collapse of our national currency (the Dinar) were due to the wars that were forcibly imposed on Iraq by some major powers for many years & the Dollar was the final command that dominated the economic scene & contributed to destroying the value of the Iraqi Dinar.

 

In 1970, a piece of land with an area of (600) square meters in the most prestigious place in our city of architecture was worth (5) thousand Dinars & today the same piece is worth (one billion) & (500) million Dinars.  This is how playing with the fate of peoples was in order to weaken them & control them. Its human & oil resources.

 

Today, the economic world is witnessing a qualitative boom in awareness & very soon it will overthrow the “Dollar” & its name will be changed in the coming period to “the Dinar” & after a while to “the Dollar” & in the end it will completely lose its value & its printing price will be equal to (a number of cents).

 

On 3/6/2024 at 8:43 AM, Luigi1 said:

Most of the crises that accompanied us led to the collapse of our national currency (the Dinar) were due to the wars that were forcibly imposed on Iraq by some major powers for many years & the Dollar was the final command that dominated the economic scene & contributed to destroying the value of the Iraqi Dinar.

 

In 1970, a piece of land with an area of (600) square meters in the most prestigious place in our city of architecture was worth (5) thousand Dinars & today the same piece is worth (one billion) & (500) million Dinars.  This is how playing with the fate of peoples was in order to weaken them & control them. Its human & oil resources.

 

Today, the economic world is witnessing a qualitative boom in awareness & very soon it will overthrow the “Dollar” & its name will be changed in the coming period to “the Dinar” & after a while to “the Dollar” & in the end it will completely lose its value & its printing price will be equal to (a number of cents).

 

In a televised interview with the “”Iraqi President, Engineer Muhammad Shiaa Al-Sudani””, he uttered a very important phrase (keep the Dinar). Today, through my humble vision, I bear witness that the “”Iraqi dinar will return to its lofty economic value””, away from wars & violence, through a new era that imposes its cultural will in the region and the world. 

This is great! 

[BETTYBOOP]

Just curious.... if Biden and Co are the hold up. And if Iraq enter the WTO, which requires a tradeable currency. How would Biden and Co then be able to stop them increasing the value and going international?

[Society]

They aren't going into the WTO until they pass the legislation that WTO said they needed.  The accession Committee doesn't meet with Iraq again until the "middle of the year".  The COM nor Parliament have made any apparent moves to get the legislation moving.  I don't expect Iraq to be awarded Full Accession for months.  These so-called self proclaimed pompous "Guru's" out there can't read........and now it is very apparent that they just echo each other to try to make it look like they know something

[edbeach]

19 hours ago, screwball said:

Who would not  be happy with that

Screwball that would be great but not going to happen/ They keep coming up with another great2article that needs to be activated before any type of RV/RI. This month March goes to April saying should RV in April then this passes saying should RV In May then this passes to June before know it we in 2025. Now this repeats again like it did in 2024 next thing we know we in to 2026. Going on and on with all this Bull SHITE again. Wehave the ground hog day repeating again & again

[BETTYBOOP]

32 minutes ago, Society said:

They aren't going into the WTO until they pass the legislation that WTO said they needed.  The accession Committee doesn't meet with Iraq again until the "middle of the year".  The COM nor Parliament have made any apparent moves to get the legislation moving.  I don't expect Iraq to be awarded Full Accession for months.  These so-called self proclaimed pompous "Guru's" out there can't read........and now it is very apparent that they just echo each other to try to make it look like they know something

 So if they are not going to enter the WYO for months what makes you think they will rv after Rramadan?

[Longtimelurker]

1 hour ago, BETTYBOOP said:

Just curious.... if Biden and Co are the hold up. And if Iraq enter the WTO, which requires a tradeable currency. How would Biden and Co then be able to stop them increasing the value and going international?

The United States would typically threaten military use or sanctions against the country accepting the iqd for trade.

[Luigi1]

1 hour ago, BETTYBOOP said:

 So if they are not going to enter the WYO for months what makes you think they will rv after Rramadan?

 

WTO membership will not bring on the RV.  That all has to do with the development of goods & the export-import laws.

IMF has more sway than the WTO.

Iraq may be off UN sanctions but must still face US sanctions as well.

I believe it's the HCL & the Budget laws that'll bring on our blessings.  Go RV.