ronscarpa Posted January 14 Report Share Posted January 14 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 Frank26 They told the Iraqi citizens we are in the process of adding a mechanism to add purchasing power to your currency. Sudani constantly kept talking about it in November and December last year - 'I promise I'm going to do it. I promise you'll have more purchasing power than the dollar.' He actually kept his promise because there is no dollars in the country of Iraq. The only currency in Iraq right now is the Iraqi dinar. It has more value than the American dollar that has zero value inside of Iraq, therefore the Iraqi dinar now seeks a door... Jeff In order for parliament to approve those [budget schedules] the rate needs to change first. The fact that they did the second reading on only article 12 of the budget, that's the same as having one tire on your car. It doesn't do Iraq any good. It's basically a pointless useless step. For the budget to work for Iraq, all of the budget amendments need to be approved... Militia Man If you're doubting your investment hang in there because what they're saying is truly something I've never seen in my 15 years of being here and the evidence is not from me and it's not from anybody else on the internet, it's directly from an economist and the central bank. I think it's huge guys. It's exciting times. The stage is set. Frank26 The monetary reform policy has been going through some steps. It has been evolving the policy and they've been using many mechanisms to assure this. Now they're sitting in a position. Sudani, the CBI and the US Treasury have been [very close]. The 8th floor of the CBI building, that whole floor, belongs to the US Treasury. You think they're going to be there because they're going to keep the exchange rate at 1310? Mnt Goat Article: “ECONOMIST: THE CENTRAL BANK’S POLICY IS MOVING TOWARDS GLOBALIZING IRAQI BANKS” Quote: “Safwan Qusay confirmed that the Central Bank’s policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally” also “the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks.” Yes, “providing guarantees and international compliance” is all insurance related. Investors in Iraq need to know that their funds in Iraqi banks will be protected. [Post 1 of 2] Mnt Goat Article quote: “He added that these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world.” What did it just tell us? A million banks around the world? What does this mean to us as investors? We know that...conditions to get back to FOREX that this insurance part is a pillar of the financial reform. Therefore, it is a reform that needed to take place and is now taking place. Also, I want to add that the statement of “changing the Iraqi dinar to any global currency immediately” is an amazing statement...Could this news get any better at this time? Can this be what is holding up the revaluation and the reinstatement? [Post 2 of 2] 1 3 2 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted January 14 Report Share Posted January 14 Still Waiting! 1 2 2 Quote Link to comment Share on other sites More sharing options...
hspotman Posted January 14 Report Share Posted January 14 31 minutes ago, NWGUY said: Still Waiting! And the beat goes on............. 3 Quote Link to comment Share on other sites More sharing options...
olivesman Posted January 14 Report Share Posted January 14 Ready and waiting. 2 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 14 Report Share Posted January 14 ready and waiting.....its good to see so much good news! 1 5 Quote Link to comment Share on other sites More sharing options...
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