ronscarpa Posted August 27 Report Share Posted August 27 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 8-26-2025 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV and he said our currency reserves are strong, the strongest they've ever been in our history and this is what is supporting the dinar of our country. Our inflation is low due to the CBI efforts and we are in the best shape ever. FRANK: I agree. The banks are in the best shape ever...and that's because of what the US Treasury just did. They are now in position for a new exchange rate to work with the banks that have established an international and internal relationship...This is all very good for the new exchange rate. 8-26-2025 Walkingstick [Iraqi bank friend Aki update] Aki does not see a rate and then lower denoms later. He sees them both at the same time. 8-26-2025 Jeff Remember US personnel won't be out of there till September 15th, meaning the buildings have to be vacated. It's called sovereignty. We have to pass that security baton and that control baton back to the government of Iraq. Once we've got the sanctions lifted and we're out of there. But we're not out of there till roughly September 15th. So the rate would change sometime after that, not before. 8-26-2025 Guru Nader From The Mid East There's nothing to do anymore. The economy is booming, start going up. They doing a lot of things for youths or people who want to start business. They talk about purchasing power. A lot of changes. It's amazing what's going on. This month of August has been amazing. I see a lot of good things happening. 8-26-2025 Fnu Lnu Article: "The Central Bank of Iraq (CBI) has reported a significant increase in its gold reserves..." A couple of things are going on here. When...Bush...failed...to locate and steal Saddam Hussein's gold cache, the Iraqis patiently waited to repatriate their own gold hoard. This is what they have been doing. They regularly expand their gold reserves yet I can find no records of any International gold purchases. That's because they aren't purchasing it, they already own it. They are incrementally reinserting their stash into the reserve, BECAUSE THEY NEED IT! Because they still do not have the needed revenue in hard liquid assets to pull off a currency revaluation. They are very resourceful and they are getting the job done but not as fast as we wish... 8-26-2025 Militia Man If Iraq has reduced the note count as big as I think they have, which they haven't exposed yet, all these things are coming together and it's powerful. Note count reduction will be reflected at some point in a real effective exchange rate. 8-26-2025 Clare Article: "Al-Mashhadani rejects the inclusion of the Popular Mobilization Forces law under American pressure" Quote: "The Parliament Speaker rejected the request of more than 160 MPs to include the Popular Mobilization Forces Law in the parliament session, after receiving orders from the US embassy in Baghdad to prevent the passage of the law, despite the desire of Shiite blocs and some Sunni parties, for the goals he described as exposed.” 8-26-2025 Frank26 IMSO Iraq's financial system is done. IMSO It is the United States of America's financial system that is acting up with Iraq's financial system. They are waiting on the United States of America to catch up with them. IMSO the CBI accepted all of Iraq's reforms on August 19th. What are we waiting for? I have no freaking idea. It's our turn to make the move on the chessboard of the monetary reform for Iraq. 8-26-2025 MarkZ Article: “Central Bank Governor: We are witnessing external transfers of all major currencies with high flow”. Banks are operating as sovereign international banks. 4 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted August 27 Author Report Share Posted August 27 Added @ 7:20 PM MST: 8-26-2025 Newshound Guru Clare Article: "The Pentagon to Shafaq News: We are committed to ending our combat presence in Iraq and have new missions for our bases" Quote: "Washington is committed to ending the coalition's military mission inside Iraq by September 2025, and we will continue to support operations to defeat ISIS in Syria from bases inside Iraq until September 2026." Full Article: Pentagon to Shafaq News: Iraq combat role ends, bases repurposed - 8/25/2025 4 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted August 27 Report Share Posted August 27 Frank26 IMSO Iraq's financial system is done. Nader From The Mid East There's nothing to do anymore. Everything is not done... An article out of CBI website suggests a two year wait period as Iraqi banks are not ready to comply to int'l standards. 1 Quote Link to comment Share on other sites More sharing options...
JonnyV Posted August 27 Report Share Posted August 27 9 minutes ago, Luigi1 said: Frank26 IMSO Iraq's financial system is done. Nader From The Mid East There's nothing to do anymore. Everything is not done... An article out of CBI website suggests a two year wait period as Iraqi banks are not ready to comply to int'l standards. That’s what they are going to say but everything shows it’s getting done. It won’t be two years. Maybe two months. Things are moving over there at a fast pace now. 3 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted August 27 Report Share Posted August 27 2 hours ago, JonnyV said: That’s what they are going to say but everything shows it’s getting done. It won’t be two years. Maybe two months. Things are moving over there at a fast pace now. Not a Guru rumor but directly from the CBI Media office. Could be smoke & mirrors...just saying. 1 Quote Link to comment Share on other sites More sharing options...
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