ronscarpa Posted December 17, 2024 Report Share Posted December 17, 2024 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... So, take everything with a grain of salt ... RON Mnt Goat My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago. They would not have to wait. It does not take a rocket scientists to see that a one dinar note etc., etc. would be worthless without a revaluation to coincide. We can now see why they delay in doing the Project to Delete the Zeros. When will this next move occur. So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq. [Post 1 of 2] Mnt Goat Why did the CBI decide to wait until the end of their fiscal year to do it? Hint..Hint..could it be under the direction of Dr Shabibi they also told us the most opportune time to conduct a substantial revaluation is at the beginning of a fiscal year? Their fiscal year begins January 1st. Also I then back up with my conversation I had with my CBI contact that told me her committee to switch out the notes still intends to go forward with the process of deleting the zeros at this same time period also. Coincidental? We can only pray that this new process to begin at the end of 2024 will bring success for Iraq. [Post 2 of 2] Yada Folks, just because we hadn't gotten the release yet, doesn't mean that it's not happening in Iraq. 140+ delegate have left, the celebration at the Port Faw taking place and the contractors were paid. Sandy Ingram A trade surplus generally increases the value of a currency due to higher demand, while a trade deficit tends to weaken it because of increased supply...The relationship between import and export costs and currency value is driven by the supply and demand dynamics in international currency markets - Forex. Iraq's plans for income outside of the oil industry hopefully can eliminate any potential imbalances in imports and exports. Even the United States is striving to balance the import and export revenues. When you hear [Trump] saying, let's make the country great again, what he is actually saying is, we should decrease imports and increase exports. And we will decrease the imports by adding tariffs to imported goods. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy just told me when Iraq cancels the auctions and the change over occurs to the dinar, that's actually a process of the revaluation. FRANK: That is the last step in the process...The question is, when will this happen? In my strong opinion this is based on the ending of the auction on December 31, 2024 then January 1, 2025 should be a start. Of course you know this is the Middle East so I'm not offering you a date. You know the Iranian politicians in Iraq are doing everything to stop it. If this event wasn't real, they wouldn't be stopping it. MarkZ Article: “Our economy and banks in 2025” This is an ongoing theme in Iraq. We saw similar articles right before Kuwait revalued their currency. Iraq is in a phenomenal position compared to the rest of the world. I understand why Jaimie Dimon called Iraq the “Economic savior of the world”. Walkingstick [Iraqi bank friend Aki update] AKI: My bank represents the CBI. It represents my boss Sudani. We will give you hundreds of these private bank sites that will represent the CBI. They are not going to be hard to find. You will see them all over in many different areas especially close to banks. Militia Man Article quote: "Tomorrow the opening of the electronic passport system in American cities of Los Angeles and Detroit." What's that mean? We have some big populations of Iraqis in those communities. On the 16th they're going to allow you to get a passport electronically. There's going to be a lot of Iraqis that have Iraqi dinar just like we do. When that purchasing power comes...they're going to have purchasing power. That's why Sudani and other have been hoping they could repatriate those people to help that money they have come back home and invest. The electronic passport system...in coordination with the Ministry of Foreign Affairs is a big deal. Is there any coincidences? I don't think so. There are no coincidences. Frank26 You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power? You know how many times he has said that? This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes? Why would Sudani do that so many times? Clare Article: "Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit" Quote: "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad." Samson Article: "Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit" 4 2 Quote Link to comment Share on other sites More sharing options...
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