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Monday Lunchtime News @ 12:40 PM MST - 12/30/2024


ronscarpa
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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... So, take  everything with a grain of salt ... :twothumbs: RON 

 

 

Samson  Article: "Iraq to Permanently End Controversial Dollar Auction by End of 2024"

 

Militia Man  Article: "The Central Bank of Iraq pursuant to its law 56 of 2004 as amended is responsible for determining the categories of Iraqi banknotes paper and metal, their measurements and their shapes, printing paper notes and minting metal coins. What's not normal about this is they don't have any coins.  They don't have any metals.  Why are they talking about it now, today?  That's powerful...If that 'mechanism' is now changed as Saleh says, that mechanism means there's going to have to be significant change. That means the value of the exchange rate is going to change.  You don't need coins at an exchange rate of 1310.  It doesn't work that way.  The value has to be there.

 

Frank26  The United States Treasury and Alaq are handing out awards to their employees for the success of the monetary reform and the success of the new currency.  Alaq then comes out and he shows the Iraqi citizens a big giant bulletin board that show the old 1 note from the 1940s. That means IMO they are now going to show the new lower notes of 2025.

 

Wolverine  [BS Rumor] Get ready everyone we are ready. All protocols have been met and everything is ready to go. We just have to wait for the GO sign. I’m expecting the 1 or the 2nd of January. I’ve had many on a conference call and they all said that we are about to go anytime right now and many are pointing to the 1st and 2nd of January 2025.  Not long to go guys. God bless.

 

MarkZ Question: Mark a couple of people were [saying] that Iraq could easily say all of their old currencies are worthless and un - redeemable and go with the new. Is that even possible? Mark: In short-NO. Not without losing respect from everyone in the world including Iraqi citizens. They have to honor them if they want the world to support them.

 

 

:tiphat:

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36 minutes ago, ronscarpa said:

"The Central Bank of Iraq pursuant to its law 56 of 2004 as amended is responsible for determining the categories of Iraqi banknotes paper and metal, their measurements and their shapes, printing paper notes and minting metal coins."

 

Wondering if this is a new update or an old rehashed article....I recall seeing pics of the lower denominations and coins (fils) back in Dr. Shabibi's day.

Edited by DinarDavo
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