5-16-2022 Newshound Guru CharlieOK Because it puts more pressure on forming a real govt. And, if that is unable to be done, and a CG is formed, it takes you right back to the budget which is ALREADY enacted. The CG simply uses funds from the budget and goes on down the road...I can't wait to see if a scenario of a CG running Iraq off of the already enacted and approved budget, is good enough for the CBI. If not, the can look like it has been kicked. [post 2 of 2]
5-16-2022 Newshound Guru CharlieOK Just saw the article...on the federal court's latest revelation. On the surface it seems like it might be a good thing. Looks like there is more pressure than ever to form a real govt...not a caretaker govt. If the CG [caretaker govt.] is formed, the enactment of the food law would be illegal according to the federal court. The federal court said a caretaker govt. can NOT enact laws. Why is this a good thing, then?... [post 1 of 2....stay tuned]
5-16-2022 Newshound Guru NORV [aka Kaperoni] "The Iraqi Journal of Economic Sciences publishes an article on the Iraqi dinar between the polemics of flotation and devaluation" ...appears they are fighting between floating and a LOP... Quote: "The debate remained among some economists about the importance of the Central Bank of Iraq resorting to the floating currency philosophy as a prelude to gradual adjustment instead of adopting the method of shock and surprise to the market with a low, alternative external value of the Iraqi dinar overnight..."
5-16-2022 Intel Guru MarkZ [via PDK] [Reference Mnt Goat post 5-15-2022] I agree 100% with this…i am hearing the same thing from sources in Iraq. Lots coming out of iraq about lower denominations being released…Deleting the zeros has been talked about in all kinds of paperwork, press releases, government statements…the value goes up and then the zeros go away….this is why they will need lower denominations.
5-16-2022 Newshound Guru MilitiaMan When the Central Bank talks we should listen. They use the wording 'advanced stage' now.. They use the terms 'Market Economy' now.. Well, once Article VIII with a new rate they'll have the Entitlements and Food Security in the bag... Very promising and timely article. imo [Post 2 of 2]
5-16-2022 Newshound Guru MilitiaMan "The Central Bank of Iraq 75 years in the face of economic challenges" The take away I see is they have accomplished the necessary goals to get them to the advanced stage of going into a market economy...They have been taken out of the Gray area, removed from sanctions of Chapter VII, accomplished E-Government, E-Payments and Automated the borders and ports and increased revenues outside of oil... [Post 1 of 2...stay tuned]
5-16-2022 Intel Guru MarkZ [via PDK] On the banking side – I am being told there is an 11AM meeting today in Reno as they work through details of the schedule. I was told that all rates are set. The schedule is set…we just do not know what it is yet... ...I heard this from many contacts on multiple continents…that some folks in those earlier tiers were receiving real dollars over the weekend...All in all this was a very exciting weekend. The only thing that would make it better is us making appointments and going to the banks.
5-16-2022 Newshound Guru Pimpy Remember you need a steady government, one that's not corrupt, a steady economy, strong GDP, your country has to be able to attract outside investors who are interesting in investing into your country and the future prospects have to look really good. You also have to have a strengthening currency. All the possibilities are there for Iraq... [Post 2 of 2]
5-16-2022 Newshound Guru Pimpy Unlike when Al-Kazemi took over as Prime Minister he had a short term...about two years in office. Once the government is formed they are going to have a normal four years to get business done. Depending on what government they get in there will make a world of difference as to whether or not the exchange rate is going to change. [Post 1 of 2...stay tuned]
5-16-2022 Intel Guru Holly ...Certain things transpired over the weekend to move the RV forward. This was huge and we should see the release finally...
5-16-2022 Intel Guru Frank26 Article: "Finance holds a consultative meeting to implement two systems...and reveal their benefits" EVERYONE IS AT THIS MEETING IMF, WB, CBI, FM, ETC
5-16-2022 Newshound/Intel Guru Mnt Goat Article: "RICH” IN MONEY AND “POVERTY” IN PLANNING.. IRAQ’S REVENUES EXCEED ITS
EXPENSES BY 200% DURING THE FIRST THIRD OF THE YEAR" Do you know just of fantastic this news really is? WOW! WOW! One more step towards more evidence this is moving ahead.
5-16-2022 Newshound Guru CharlieOK Just saw the article...on the federal court's latest revelation. On the surface it seems like it might be a good thing. Looks like there is more pressure than ever to form a real govt...not a caretaker govt. If the CG [caretaker govt.] is formed, the enactment of the food law would be illegal according to the federal court. The federal court said a caretaker govt. can NOT enact laws. Why is this a good thing, then?... [post 1 of 2....stay tuned]
5-16-2022 Newshound Guru NORV [aka Kaperoni] "The Iraqi Journal of Economic Sciences publishes an article on the Iraqi dinar between the polemics of flotation and devaluation" ...appears they are fighting between floating and a LOP... Quote: "The debate remained among some economists about the importance of the Central Bank of Iraq resorting to the floating currency philosophy as a prelude to gradual adjustment instead of adopting the method of shock and surprise to the market with a low, alternative external value of the Iraqi dinar overnight..."
5-16-2022 Intel Guru MarkZ [via PDK] [Reference Mnt Goat post 5-15-2022] I agree 100% with this…i am hearing the same thing from sources in Iraq. Lots coming out of iraq about lower denominations being released…Deleting the zeros has been talked about in all kinds of paperwork, press releases, government statements…the value goes up and then the zeros go away….this is why they will need lower denominations.
5-16-2022 Newshound Guru MilitiaMan When the Central Bank talks we should listen. They use the wording 'advanced stage' now.. They use the terms 'Market Economy' now.. Well, once Article VIII with a new rate they'll have the Entitlements and Food Security in the bag... Very promising and timely article. imo [Post 2 of 2]
5-16-2022 Newshound Guru MilitiaMan "The Central Bank of Iraq 75 years in the face of economic challenges" The take away I see is they have accomplished the necessary goals to get them to the advanced stage of going into a market economy...They have been taken out of the Gray area, removed from sanctions of Chapter VII, accomplished E-Government, E-Payments and Automated the borders and ports and increased revenues outside of oil... [Post 1 of 2...stay tuned]
5-16-2022 Intel Guru MarkZ [via PDK] On the banking side – I am being told there is an 11AM meeting today in Reno as they work through details of the schedule. I was told that all rates are set. The schedule is set…we just do not know what it is yet... ...I heard this from many contacts on multiple continents…that some folks in those earlier tiers were receiving real dollars over the weekend...All in all this was a very exciting weekend. The only thing that would make it better is us making appointments and going to the banks.
5-16-2022 Newshound Guru Pimpy Remember you need a steady government, one that's not corrupt, a steady economy, strong GDP, your country has to be able to attract outside investors who are interesting in investing into your country and the future prospects have to look really good. You also have to have a strengthening currency. All the possibilities are there for Iraq... [Post 2 of 2]
5-16-2022 Newshound Guru Pimpy Unlike when Al-Kazemi took over as Prime Minister he had a short term...about two years in office. Once the government is formed they are going to have a normal four years to get business done. Depending on what government they get in there will make a world of difference as to whether or not the exchange rate is going to change. [Post 1 of 2...stay tuned]
5-16-2022 Intel Guru Holly ...Certain things transpired over the weekend to move the RV forward. This was huge and we should see the release finally...
5-16-2022 Intel Guru Frank26 Article: "Finance holds a consultative meeting to implement two systems...and reveal their benefits" EVERYONE IS AT THIS MEETING IMF, WB, CBI, FM, ETC
5-16-2022 Newshound/Intel Guru Mnt Goat Article: "RICH” IN MONEY AND “POVERTY” IN PLANNING.. IRAQ’S REVENUES EXCEED ITS
EXPENSES BY 200% DURING THE FIRST THIRD OF THE YEAR" Do you know just of fantastic this news really is? WOW! WOW! One more step towards more evidence this is moving ahead.
5-15-2022 Newshound Guru Militiaman Question: "what ever happened to to thurs big meeting with sadr cbi and kazammi?" That is a good question... We have not yet heard if the meeting between Sadr, the FM and the CBI Gov. happened or not. We do know and have recently seen that news of important factual items and or issues are late in being reported.
5-15-2022 Guru Nader From The Mid East It's gonna be a lot of changes. Until the end of week you will see a change of parliament, change of CBI people, change health department, education, of everything. Everything is going to be changing. The only thing they are not going to f%$$#$ change (sorry about my language) is the money. We're still waiting. And waiting. And waiting. They're talking about having a new currency...They didn't show us anything yet...next week I think more news gonna come out. Better news. Important news...
5-15-2022 Newshound Guru Kaperoni The latest articles I've seen indicate Iraq now has over 103 trillion dinar in circulation, one report states 50 trillion is in the homes of Iraqi citizens because they don't have confidence in the banks. Even the idea that Iraq could significantly RV the Iraqi dinar with that much currency in circulation is nonsense...Iraq's entire net worth including minerals and oil in the ground is $16 trillion dollars.
5-15-2022 Newshound Guru Sandy Ingram Question: "Which banks take Iraq dinar at this date and time?" In this article "What Banks Take Iraqi Dinar?" we learned that there are 3 banks that you can exchange Iraqi dinar in the Middle East. The central Bank, The National Bank of Jordan and the National Bank of Kuwait are 3 banks where you can exchange the Iraqi dinar. So if a group is traveling and it's not safe or it's not feasible to go directly into Baghdad then Jordan or Kuwait is an option. At least that is how it stands today...
5-15-2022 Intel Guru Frank26 Is there something else needed for us to have the RI? Sit the government.
5-15-2022 Newshound Guru Militiaman Article: "Parliament will not obligate the government to send the general budget .. and food security will be a temporary alternative" ...The part of this that may get over looked is that it is rate oriented. Notice they don't mention it. They can't. But, they will. imo Like they said. The Emergency Food Law is "Synonymous" with the 2022 Budget Law. Get ready.. imo.
5-15-2022 Newshound/Intel Guru Mnt Goat ...I...made a call to the CBI and learned that they are planning the project to delete the zeros sometime in late May or early June. This was as much details as they would give...we may very well see this move quickly once the president is voted on. I am hearing all is set to go for the reinstatement. All have a “green light”. So, the plan is laid only we don’t know about the entire plan. It is set for much sooner than later...I do not want to over-speculate but things are really lining up.
5-15-2022 Guru Nader From The Mid East It's gonna be a lot of changes. Until the end of week you will see a change of parliament, change of CBI people, change health department, education, of everything. Everything is going to be changing. The only thing they are not going to f%$$#$ change (sorry about my language) is the money. We're still waiting. And waiting. And waiting. They're talking about having a new currency...They didn't show us anything yet...next week I think more news gonna come out. Better news. Important news...
5-15-2022 Newshound Guru Kaperoni The latest articles I've seen indicate Iraq now has over 103 trillion dinar in circulation, one report states 50 trillion is in the homes of Iraqi citizens because they don't have confidence in the banks. Even the idea that Iraq could significantly RV the Iraqi dinar with that much currency in circulation is nonsense...Iraq's entire net worth including minerals and oil in the ground is $16 trillion dollars.
5-15-2022 Newshound Guru Sandy Ingram Question: "Which banks take Iraq dinar at this date and time?" In this article "What Banks Take Iraqi Dinar?" we learned that there are 3 banks that you can exchange Iraqi dinar in the Middle East. The central Bank, The National Bank of Jordan and the National Bank of Kuwait are 3 banks where you can exchange the Iraqi dinar. So if a group is traveling and it's not safe or it's not feasible to go directly into Baghdad then Jordan or Kuwait is an option. At least that is how it stands today...
5-15-2022 Intel Guru Frank26 Is there something else needed for us to have the RI? Sit the government.
5-15-2022 Newshound Guru Militiaman Article: "Parliament will not obligate the government to send the general budget .. and food security will be a temporary alternative" ...The part of this that may get over looked is that it is rate oriented. Notice they don't mention it. They can't. But, they will. imo Like they said. The Emergency Food Law is "Synonymous" with the 2022 Budget Law. Get ready.. imo.
5-15-2022 Newshound/Intel Guru Mnt Goat ...I...made a call to the CBI and learned that they are planning the project to delete the zeros sometime in late May or early June. This was as much details as they would give...we may very well see this move quickly once the president is voted on. I am hearing all is set to go for the reinstatement. All have a “green light”. So, the plan is laid only we don’t know about the entire plan. It is set for much sooner than later...I do not want to over-speculate but things are really lining up.
5-14-2022 Newshound Guru MarkZ [via PDK] [how long will we have to exchange?] I am still hearing we will have 10 days to set appointments and 30 days to exchange.
5-14-2022 Newshound/Intel Guru Paulette IMO, we await Sadr to make his move to move forward to get the government formed...there is a seated Parliament but a Caretaker government...the Caretaker government is not fully authorized to carry out all functions and thus can only enact emergency measures to keep the country safe and running. They are NOT authorized to send the budget...
5-14-2022 Newshound Guru MilitiaMan Having the HCL, Article 140 being talked about...and the citizens entitlements we should all be very happy that the citizens are about to get what they deserve. With having purchasing power ( Protection ) the citizens will have consistent payments and they'll be able to afford many things and food is one of them... imo HCL is all about money from oil and other assets. That will require an international calculation for the new exchange rate. That imo is why it is an important law...imo
5-14-2022 Intel Guru Wolverine ...We are really close that’s all I can tell you...
5-14-2-22 Newshound Guru Clare Article: "Parliament postpones the session of the Food Security Law"
5-14-2022 Newshound/Intel Guru Mnt Goat Article: "MAHMOUD DAGHER EXPLAINS THE ECONOMIC FEASIBILITY OF REMOVING ZEROS FROM THE LOCAL CURRENCY" As I said we would see more articles on promoting the project to delete the zeros, which we all know must take place prior to or around the same time of the reinstatement.
5-14-2022 Newshound Guru MarkZ [via PDK] I was told the vote was pushed back until Monday and to expect great things out of Iraq on Monday. I was told there was a few last minute negotiations to finish up for seating the government. Iraqi sources said this morning to “not panic” …we all hope they do not kick the can any further than that. ...The UN has paperwork filed…the IMF and many worldwide banking agencies are leaning on Iraq and telling them to finish changing the value.
5-14-2022 Newshound Guru Godlover Article: "America announces the allocation of 140 million dollars to support businesses in Iraq" This article has some good, bad & interesting imo The good: Money to stimulate the private sector. The bad: USD instead of their own currency. The interesting: We hear that Iraq does not want to peg to the USD because it is so weak, yet they flood Iraq in USD. Also, if Iraq were to stay pegged to the USD & released their monetary reform, one would think that in itself would strengthen the USD.
5-14-2022 Newshound Guru Pimpy They're [Iraq] is gonna have a lot of extra money this year. It's projected that they'll have 26 billion extra dollars. There's a lot they could do with this. Man I can only imagine what Iraq is going to be like in the future as long as they can see from fighting with one another.
5-14-2022 Intel Guru Bruce [via WiserNow] we know that Iraq was supposed to put out their new rates today and also seat their new Parliament and new Prime Minister – that did NOT happen...The good news is that on Saturday Iraq will seat their government and their new Prime Minister and on Sunday...the 15th they will put out their new Iraqi Dinar rates and increase their in country rate to around $6...ours will be much higher - and they will put out that rate on Sunday...the 15th...is the day that the UN operational rates change for all currencies...what I’ve been told from redemption center staff is next week should be a great week for us...
5-14-2022 Newshound Guru Militiaman Article: "Parliamentary Finance: The Food Security Law is not a substitute for the 2022 budget" ...it is like they have allowed the emergency food law to be a rider if you will. It is in place for the citizens and once they seat the government when ever that may be, the 2022 budget kicks in. They are synonymous. Nothing changes...Imo, the emergency food law, the 2022 budget law...are rate sensitive.
5-14-2022 Newshound Guru Deepwoodz Article: "Al-Maliki's coalition "questions" the legitimacy of the Al-Kazemi government and "reserves" the Food Security Law " They can and will do whatever is necessary to run the government until further notice...they have a government. Until there is a replacement. There is no vacuum left in place of the government. The only ones hollering are Maliki and his cronies because they are being left out. Since yesterday it appears everyone else is on board. imo
5-14-2022 Newshound/Intel Guru Paulette IMO, we await Sadr to make his move to move forward to get the government formed...there is a seated Parliament but a Caretaker government...the Caretaker government is not fully authorized to carry out all functions and thus can only enact emergency measures to keep the country safe and running. They are NOT authorized to send the budget...
5-14-2022 Newshound Guru MilitiaMan Having the HCL, Article 140 being talked about...and the citizens entitlements we should all be very happy that the citizens are about to get what they deserve. With having purchasing power ( Protection ) the citizens will have consistent payments and they'll be able to afford many things and food is one of them... imo HCL is all about money from oil and other assets. That will require an international calculation for the new exchange rate. That imo is why it is an important law...imo
5-14-2022 Intel Guru Wolverine ...We are really close that’s all I can tell you...
5-14-2-22 Newshound Guru Clare Article: "Parliament postpones the session of the Food Security Law"
5-14-2022 Newshound/Intel Guru Mnt Goat Article: "MAHMOUD DAGHER EXPLAINS THE ECONOMIC FEASIBILITY OF REMOVING ZEROS FROM THE LOCAL CURRENCY" As I said we would see more articles on promoting the project to delete the zeros, which we all know must take place prior to or around the same time of the reinstatement.
5-14-2022 Newshound Guru MarkZ [via PDK] I was told the vote was pushed back until Monday and to expect great things out of Iraq on Monday. I was told there was a few last minute negotiations to finish up for seating the government. Iraqi sources said this morning to “not panic” …we all hope they do not kick the can any further than that. ...The UN has paperwork filed…the IMF and many worldwide banking agencies are leaning on Iraq and telling them to finish changing the value.
5-14-2022 Newshound Guru Godlover Article: "America announces the allocation of 140 million dollars to support businesses in Iraq" This article has some good, bad & interesting imo The good: Money to stimulate the private sector. The bad: USD instead of their own currency. The interesting: We hear that Iraq does not want to peg to the USD because it is so weak, yet they flood Iraq in USD. Also, if Iraq were to stay pegged to the USD & released their monetary reform, one would think that in itself would strengthen the USD.
5-14-2022 Newshound Guru Pimpy They're [Iraq] is gonna have a lot of extra money this year. It's projected that they'll have 26 billion extra dollars. There's a lot they could do with this. Man I can only imagine what Iraq is going to be like in the future as long as they can see from fighting with one another.
5-14-2022 Intel Guru Bruce [via WiserNow] we know that Iraq was supposed to put out their new rates today and also seat their new Parliament and new Prime Minister – that did NOT happen...The good news is that on Saturday Iraq will seat their government and their new Prime Minister and on Sunday...the 15th they will put out their new Iraqi Dinar rates and increase their in country rate to around $6...ours will be much higher - and they will put out that rate on Sunday...the 15th...is the day that the UN operational rates change for all currencies...what I’ve been told from redemption center staff is next week should be a great week for us...
5-14-2022 Newshound Guru Militiaman Article: "Parliamentary Finance: The Food Security Law is not a substitute for the 2022 budget" ...it is like they have allowed the emergency food law to be a rider if you will. It is in place for the citizens and once they seat the government when ever that may be, the 2022 budget kicks in. They are synonymous. Nothing changes...Imo, the emergency food law, the 2022 budget law...are rate sensitive.
5-14-2022 Newshound Guru Deepwoodz Article: "Al-Maliki's coalition "questions" the legitimacy of the Al-Kazemi government and "reserves" the Food Security Law " They can and will do whatever is necessary to run the government until further notice...they have a government. Until there is a replacement. There is no vacuum left in place of the government. The only ones hollering are Maliki and his cronies because they are being left out. Since yesterday it appears everyone else is on board. imo
5-13-2022 Newshound Guru Pimpy For those of you who don't know what that means, you would have to exchange in your currency depending on what it is they want to do. The 3 zeros is what they are talking about. If you have a 25000 dinar, remove the zeros you would exchange it obviously for 25's. Where the complication comes in is the exchange rate. People panic because they believe they're losing money. When you trade in your larger bill for a smaller bill that's not the case... [Post 2 of 2]
5-13-2022 Newshound Guru Pimpy My text messages and everything else were getting blown up...every time these types of articles are printed people get concerned...here we go, that evil article that we get...maybe once every six months... it confuses everybody then there's all kinds of chit chat about what it really means. I get it, we talk about it all the time... Article: "Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency" [Post 1 of 2....stay tuned]
5-13-2022 Newshound Guru Militiaman Article: "Initiating the implementation of a new mechanism to support the validity of the issuance of customs permits" Put this with the meetings with the CBI, the Finance Minister, the IMF, the World Bank, Banks in Iraq, etc...we can see that Iraq is going international and quickly now, as in very quickly!!! It appears that it is all systems go now... Even the deletion of the zeros project is being talked about...we are well on our way for a big change in the way things are going to run and what mechanism they will use. It won't be 1460 imo... [See Guru MilitiaMan's post below]
5-13-2022 Newshound/Intel Guru Mnt Goat STATUS OF THE RV...The news is all fantastic and this is moving fast now...The plan is laid out and the clock in ticking towards a targeted timeframe period to begin. Yes, we are now in this period, according to the Central Bank of Iraq, tic toc, tic toc.
5-13-2022 Newshound Guru Godlover Article: "Parliament will not obligate the government to send the general budget .. and food security will be a temporary alternative" This food security law was established to give their citizens immediate relief until the new government is officially seated (& announced imo). Then they can tackle the general budget. Again this tells me that they expect the government formation & then the budget voting, etc will take some time.
5-13-2022 Newshound Guru Clare Article: "The Iraqi parliament completes the formation of its permanent committees: its meetings will be held starting next week"
5-13-2022 Intel Guru Frank26 Article: "Is it time to delete zeros? Economist commented" MR. ECONOMIST YOU KNOW VERY WELL IT'S TIME... OR YOU WOULDN'T CONTINUE TO BRING UP THE SUBJECT
5-13-2022 Intel Guru MarkZ [via PDK] Redemption center folks still on call this weekend. Banks are ramped up and ready. Government contacts in Iraq are talking about the issuance and schedule of the lower denominations. We have expected votes in Iraq tomorrow that should seat the PM and give us the Food Security bill. So we have a lot to watch tomorrow...
5-13-2022 Newshound Guru Pimpy Looks like the independents have at least shown a little bit of their hand...they might be heading towards the direction of Sadr. It is not set in stone yet. They're waiting for him to get finished with his 40 days of seclusion. I thought it was done but apparently not... Article: "The Independents are waiting for a position from Al-Sadr after the deadline for the framework expires". I think what they want to know is...if you want us to help you establish the government and take sides against the Coordination Framework what are you giving us. What are you promising us.
5-13-2022 Newshound Guru MilitiaMan With all we know the automation of the borders, the AYSCUDA SYSTEM, the BUNA PLATFORM, ISO20022, deletion of the zeros project, etc., we can see there is far more progress in the white paper programs than ever before. The CBI papers show they already printed currency for the project...So it is not surprising that we see the big hitters having a meeting on implementation over advanced internationally acceptable systems...I like what we are seeing. [Post 2 of 2]
5-13-2022 Newshound Guru Militiaman Article: "Finance holds a consultative meeting to implement two systems...and reveal their benefits" ...We expected there to be meetings today with Sadr, Finance Minister and CBI Governor. This is not just getting started, they have the system ready to go and todays meeting is about the process of initiation of implementation of the system. They will be consistent with international programs and systems. [Post 1 of 2...stay tuned]
5-13-2022 Intel Guru Holly Rv update: it has been a week of a lot of good news that things are moving for real...we are in a sweet spot based on All I speak to...
5-13-2022 Newshound/Intel Guru RVAlready I think Maliki is just playing for time, trying to get out of Sadr’s trap. I do not think he is going to escape…Maliki will lose, and the RV will go through…The people of Iraq will win.
5-13-2022 Newshound Guru Pimpy My text messages and everything else were getting blown up...every time these types of articles are printed people get concerned...here we go, that evil article that we get...maybe once every six months... it confuses everybody then there's all kinds of chit chat about what it really means. I get it, we talk about it all the time... Article: "Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency" [Post 1 of 2....stay tuned]
5-13-2022 Newshound Guru Militiaman Article: "Initiating the implementation of a new mechanism to support the validity of the issuance of customs permits" Put this with the meetings with the CBI, the Finance Minister, the IMF, the World Bank, Banks in Iraq, etc...we can see that Iraq is going international and quickly now, as in very quickly!!! It appears that it is all systems go now... Even the deletion of the zeros project is being talked about...we are well on our way for a big change in the way things are going to run and what mechanism they will use. It won't be 1460 imo... [See Guru MilitiaMan's post below]
5-13-2022 Newshound/Intel Guru Mnt Goat STATUS OF THE RV...The news is all fantastic and this is moving fast now...The plan is laid out and the clock in ticking towards a targeted timeframe period to begin. Yes, we are now in this period, according to the Central Bank of Iraq, tic toc, tic toc.
5-13-2022 Newshound Guru Godlover Article: "Parliament will not obligate the government to send the general budget .. and food security will be a temporary alternative" This food security law was established to give their citizens immediate relief until the new government is officially seated (& announced imo). Then they can tackle the general budget. Again this tells me that they expect the government formation & then the budget voting, etc will take some time.
5-13-2022 Newshound Guru Clare Article: "The Iraqi parliament completes the formation of its permanent committees: its meetings will be held starting next week"
5-13-2022 Intel Guru Frank26 Article: "Is it time to delete zeros? Economist commented" MR. ECONOMIST YOU KNOW VERY WELL IT'S TIME... OR YOU WOULDN'T CONTINUE TO BRING UP THE SUBJECT
5-13-2022 Intel Guru MarkZ [via PDK] Redemption center folks still on call this weekend. Banks are ramped up and ready. Government contacts in Iraq are talking about the issuance and schedule of the lower denominations. We have expected votes in Iraq tomorrow that should seat the PM and give us the Food Security bill. So we have a lot to watch tomorrow...
5-13-2022 Newshound Guru Pimpy Looks like the independents have at least shown a little bit of their hand...they might be heading towards the direction of Sadr. It is not set in stone yet. They're waiting for him to get finished with his 40 days of seclusion. I thought it was done but apparently not... Article: "The Independents are waiting for a position from Al-Sadr after the deadline for the framework expires". I think what they want to know is...if you want us to help you establish the government and take sides against the Coordination Framework what are you giving us. What are you promising us.
5-13-2022 Newshound Guru MilitiaMan With all we know the automation of the borders, the AYSCUDA SYSTEM, the BUNA PLATFORM, ISO20022, deletion of the zeros project, etc., we can see there is far more progress in the white paper programs than ever before. The CBI papers show they already printed currency for the project...So it is not surprising that we see the big hitters having a meeting on implementation over advanced internationally acceptable systems...I like what we are seeing. [Post 2 of 2]
5-13-2022 Newshound Guru Militiaman Article: "Finance holds a consultative meeting to implement two systems...and reveal their benefits" ...We expected there to be meetings today with Sadr, Finance Minister and CBI Governor. This is not just getting started, they have the system ready to go and todays meeting is about the process of initiation of implementation of the system. They will be consistent with international programs and systems. [Post 1 of 2...stay tuned]
5-13-2022 Intel Guru Holly Rv update: it has been a week of a lot of good news that things are moving for real...we are in a sweet spot based on All I speak to...
5-13-2022 Newshound/Intel Guru RVAlready I think Maliki is just playing for time, trying to get out of Sadr’s trap. I do not think he is going to escape…Maliki will lose, and the RV will go through…The people of Iraq will win.
5-12-2022 Newshound Guru Militiaman Article: "After its implementation in Iran … Is it possible to cancel the dollar exchange rate in Iraq?" ...The reality is the Dollar is not imo going anywhere soon, it is on a tear now. It is pushing $104.02 [Dollar index $1.04?] lately...The Rial may have something a lot more valuable to trade in the short term. Yes, one that will be more valuable than the USD... Don't forget all boats rise with the tide. And the tide is out for some, but the Tsunami called the Dinar is about to fill the gap!! ...All good imo.
5-12-2022 Intel Guru MarkZ [via PDK] ...There was great chatter early in the day out of Iraq s they expect key votes in their Saturday Parliament session. I am still being told they have a set schedule to roll out the lower denominations. I spoke with a number of contacts who say they are being quiet today.
5-12-2022 Newshound Guru Pimpy We have exchange talk again and everybody knows that's our favorite topic to talk about - the dinar exchange rate! Article: "After its implementation in Iran...Is it possible to cancel the dollar exchange rate in Iraq?" ...here we go somebody said exchange rate...not what you expected but it does effect what's going on with the dinar...As more and more countries start to get away from the petro-dollar altogether...they start doing things to help strengthen their own currency. Will this move help strengthen Iran's currency? ...That's why I think Iraq is going to keep close attention to what happens to Iran...
5-12-2022 Guest Newshound docmagee94 "Al-Rasheed announces the removal of his name from the international sanctions list". IMO, this announcement is the most significant we’ve had in several months.
5-12-2022 Newshound Guru Godlover Article: "Parliamentary Finance hosts the Minister of Water Resources regarding the Food Security Law" This article confirms imo that the government & budget approval is going to take some time to complete. The articles have made it clear that this law was created recently & was to be passed asap to bring a little better livelihood to their citizens until the monetary reforms are released...Most of the articles implied that they needed to give their citizens some relief immediately...This is one reason why I was hoping that this food security law & budget would pass together.
5-12-2022 Newshound Guru Clare Article: "The new Iranian ambassador to Iraq begins his duties in Baghdad". HMMM... A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI'S DOING!
5-12-2022 Intel Guru MarkZ [via PDK] ...in Baghdad today they announced that they are moving the vote on the food security act...to Saturday...I think they have done this because of this... Article: “The name of an Iraqi government bank has been removed from the international sanctions list” This is more of the dominoes coming into the line. We have also seen the independents putting up a candidate approved by all 3 voting blocks to seat the government. We hear that may be decided on Saturday as well. Makes sense to move forward with all of them at the same time. We also have the resignations of the Kuwaiti Government. This is very interesting timing. I think there is a whole lot lining up for an amazing weekend when you look at what’s happening in Iraq.
5-12-2022 Intel Guru Frank26 Article: "Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale" ...WE TOLD YOU THE BUDGET WAS COMPLETED LAST WEEK...
5-12-2022 Newshound Guru Militiaman We were told there would be meetings...and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought...this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan...having this meeting it is very promising for us and even in the very very short term.
5-12-2022 Intel Guru MarkZ [via PDK] ...There was great chatter early in the day out of Iraq s they expect key votes in their Saturday Parliament session. I am still being told they have a set schedule to roll out the lower denominations. I spoke with a number of contacts who say they are being quiet today.
5-12-2022 Newshound Guru Pimpy We have exchange talk again and everybody knows that's our favorite topic to talk about - the dinar exchange rate! Article: "After its implementation in Iran...Is it possible to cancel the dollar exchange rate in Iraq?" ...here we go somebody said exchange rate...not what you expected but it does effect what's going on with the dinar...As more and more countries start to get away from the petro-dollar altogether...they start doing things to help strengthen their own currency. Will this move help strengthen Iran's currency? ...That's why I think Iraq is going to keep close attention to what happens to Iran...
5-12-2022 Guest Newshound docmagee94 "Al-Rasheed announces the removal of his name from the international sanctions list". IMO, this announcement is the most significant we’ve had in several months.
5-12-2022 Newshound Guru Godlover Article: "Parliamentary Finance hosts the Minister of Water Resources regarding the Food Security Law" This article confirms imo that the government & budget approval is going to take some time to complete. The articles have made it clear that this law was created recently & was to be passed asap to bring a little better livelihood to their citizens until the monetary reforms are released...Most of the articles implied that they needed to give their citizens some relief immediately...This is one reason why I was hoping that this food security law & budget would pass together.
5-12-2022 Newshound Guru Clare Article: "The new Iranian ambassador to Iraq begins his duties in Baghdad". HMMM... A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI'S DOING!
5-12-2022 Intel Guru MarkZ [via PDK] ...in Baghdad today they announced that they are moving the vote on the food security act...to Saturday...I think they have done this because of this... Article: “The name of an Iraqi government bank has been removed from the international sanctions list” This is more of the dominoes coming into the line. We have also seen the independents putting up a candidate approved by all 3 voting blocks to seat the government. We hear that may be decided on Saturday as well. Makes sense to move forward with all of them at the same time. We also have the resignations of the Kuwaiti Government. This is very interesting timing. I think there is a whole lot lining up for an amazing weekend when you look at what’s happening in Iraq.
5-12-2022 Intel Guru Frank26 Article: "Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale" ...WE TOLD YOU THE BUDGET WAS COMPLETED LAST WEEK...
5-12-2022 Newshound Guru Militiaman We were told there would be meetings...and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought...this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan...having this meeting it is very promising for us and even in the very very short term.
5-11-2022 Intel Guru Bruce [via WiserNow] I hate to say it but when they get the green light from us – they will bring out their new rate and mention the seating of their government – Prime Minister – Parliament – all of that – having been completed and seated...it’s probably been done for a while but they just haven’t announced it yet ...they are operating with a rate in country - they are exchanging with the other countries – in other words they are trading with other countries – and they have a rate - with which they are doing that...we are looking good – Iraq is going to do what they need to do [Wednesday] – and or Thursday – we should get notified...
5-11-2022 Newshound Guru Militiaman Member comment "It looks of it they have an agreement on the food law too Article quote " Quote 'Except by changing the tools to be able to interact with the new stage.' ..Changing the tools.. As in changing the exchange rate to fit with the new stage they are heading into.. Timing is awesome.. imo.
5-11-2022 Newshound Guru Pimpy Those two managed to work together to get a lot accomplished...If Iraq can manage to get the President Saleh and the Prime Minister Al-Kazemi back as president and prime minister and they form the new government...if that's the case I believe it won't take very long until we see the Iraqi dinar exchange rate change again. It's going to go up in increments but it's going to do it fairly quick IMO... Iraq is in a really great place. It really is... [Post 2 of 2]
5-11-2022 Newshound Guru Pimpy It looks like we might be done with this blockage... Article "Mishaan Al-Jubouri: The independents will present Al-Kazemi as a candidate for prime minister, and we believe he will pass" ...Good news IMO...we learned Saleh is most likely going to be the presidential candidate and Al-Kazemi will be the prime minister. The same two people will continue to move forward for a full term - 4 years... [Post 1 of 2]
5-11-2022 Newshound Guru Kaperoni I have always hoped that Iraq's monetary policy would change according to Iraq's economic development. That they pass the laws necessary to encourage foreign investment, build a thriving private sector, and improve GDP. We have seen numerous articles over the last several months from the World Bank implying Iraq's economy could be the fastest growing in the Middle East. The bottom line is it's up to Iraq to accomplish what is expected of them.
5-11-2022 Intel Guru MarkZ [via PDK] We also learned they have indeed printed and scheduled the release of their lower denomination bills… This is 3 enormous things that came out of Iraq…and all at one time. I told you guys that once this thing was ready- it would all come together at one moment. It appears that is what we are watching happen. Really positive news out of Iraq... [post 2 of 2]
5-11-2022 Intel Guru MarkZ [via PDK] Good article(s) from Iraq today: “Mishaan Al-Jabouri: the independents will present Al-Kazemi as a candidate for Prime Minister and we believe he will pass”; “25 Trillion dinars will be at the governments disposal next week to be spent in accordance of the articles set by the Food and Securities Law“ ...it looks like the 3 parties came together to get the government squared away...I was told they intend to present him tomorrow...and also a consensus on the Food Security act which we were told was crucial for a rate change... [post 1 of 2....stay tuned]
5-11-2022 Intel Guru Frank26 Things are lining up...they are doing everything that we want. For example the ISO. You found out, this is extremely important. Yes, it's important for them to go international but it also was a IMF requirement that they did. All banks by the year 2025 will have to be part of the ISO and get rid fo the Swift. The fact that Iraq is part of it is fantastic.
5-11-2022 Newshound Guru Militiaman Article: "Barzani intends to launch an initiative to address the political blockage" Looks like there is more support for interesting times over the next couple days...
5-11-2022 Newshound/Intel Guru RVAlready ...if Sadr cannot get enough independents to elect the president of the republic, he will have parliament dissolved. Either way, there will be a government and an RV by the CBI. This is a win situation for Sadr and a lose situation for Maliki.
5-11-2022 Newshound Guru Militiaman Member comment "It looks of it they have an agreement on the food law too Article quote " Quote 'Except by changing the tools to be able to interact with the new stage.' ..Changing the tools.. As in changing the exchange rate to fit with the new stage they are heading into.. Timing is awesome.. imo.
5-11-2022 Newshound Guru Pimpy Those two managed to work together to get a lot accomplished...If Iraq can manage to get the President Saleh and the Prime Minister Al-Kazemi back as president and prime minister and they form the new government...if that's the case I believe it won't take very long until we see the Iraqi dinar exchange rate change again. It's going to go up in increments but it's going to do it fairly quick IMO... Iraq is in a really great place. It really is... [Post 2 of 2]
5-11-2022 Newshound Guru Pimpy It looks like we might be done with this blockage... Article "Mishaan Al-Jubouri: The independents will present Al-Kazemi as a candidate for prime minister, and we believe he will pass" ...Good news IMO...we learned Saleh is most likely going to be the presidential candidate and Al-Kazemi will be the prime minister. The same two people will continue to move forward for a full term - 4 years... [Post 1 of 2]
5-11-2022 Newshound Guru Kaperoni I have always hoped that Iraq's monetary policy would change according to Iraq's economic development. That they pass the laws necessary to encourage foreign investment, build a thriving private sector, and improve GDP. We have seen numerous articles over the last several months from the World Bank implying Iraq's economy could be the fastest growing in the Middle East. The bottom line is it's up to Iraq to accomplish what is expected of them.
5-11-2022 Intel Guru MarkZ [via PDK] We also learned they have indeed printed and scheduled the release of their lower denomination bills… This is 3 enormous things that came out of Iraq…and all at one time. I told you guys that once this thing was ready- it would all come together at one moment. It appears that is what we are watching happen. Really positive news out of Iraq... [post 2 of 2]
5-11-2022 Intel Guru MarkZ [via PDK] Good article(s) from Iraq today: “Mishaan Al-Jabouri: the independents will present Al-Kazemi as a candidate for Prime Minister and we believe he will pass”; “25 Trillion dinars will be at the governments disposal next week to be spent in accordance of the articles set by the Food and Securities Law“ ...it looks like the 3 parties came together to get the government squared away...I was told they intend to present him tomorrow...and also a consensus on the Food Security act which we were told was crucial for a rate change... [post 1 of 2....stay tuned]
5-11-2022 Intel Guru Frank26 Things are lining up...they are doing everything that we want. For example the ISO. You found out, this is extremely important. Yes, it's important for them to go international but it also was a IMF requirement that they did. All banks by the year 2025 will have to be part of the ISO and get rid fo the Swift. The fact that Iraq is part of it is fantastic.
5-11-2022 Newshound Guru Militiaman Article: "Barzani intends to launch an initiative to address the political blockage" Looks like there is more support for interesting times over the next couple days...
5-11-2022 Newshound/Intel Guru RVAlready ...if Sadr cannot get enough independents to elect the president of the republic, he will have parliament dissolved. Either way, there will be a government and an RV by the CBI. This is a win situation for Sadr and a lose situation for Maliki.
5-10-2022 Intel Guru MarkZ [via PDK] [Is the Iraq new rate I’d hidden in the Emergency Food Security Law?] That is the rumor right now. I am also hearing out of Iraq that the Food Security law is supposed to pass tomorrow, and then on its heels will be the new government and the budget. There is a lot of exciting news out of Iraq in the last 15-16 hours...We have great things coming out of Iraq about tomorrow...the chatter and the progress in Iraq has been phenomenal! [post 2 of 2]
5-10-2022 Intel Guru MarkZ [via PDK] I am hearing lots of great chatter...Things finally started lighting up this afternoon on...the Redemption side...and the bank side… There is great anticipation for the next 72 hours...there is a lot of excitement out there. There were some great developments in Iraq. I want to give full credit to [Gurus] Frank and Walkingstick for this… [Reference Guru Walkingstick post 5-10-22 below] After seeing this I chased down my contacts and they confirmed it. I am hearing the same thing from my contacts over there… [post 1 of 2....stay tuned]
5-10-2022 Newshound Guru Sandy Ingram Question: "If...Iraq opens up trading their currency why not fly there to Iraq and exchange with a group...?" ...This ...is premature, however we can fly...out of JFK or Miami but no group account. Everyone would need to handle their own finances...A "real" revalue of the currency would allow us to exchange the currency within the United States. We would only need to travel if they printed new currency BEFORE a revalue.
5-10-2022 Newshound Guru Militiaman The process of seating the government and gearing for the 2022 budget is slated for from now through this next week...with what we have witnessed over the past couple years, months and even days, we have never been closer based off hindsight ...imo...BTW...April 2nd, 2022 was the first Day of Ramadan. This is about the time frame Sadr gave [40 days to form government] that gets it to the 10th of May per the Islamic Calendar. Sadr has summoned the FM and CBI Governor 05/12/2022.. I can imagine the CBI having a move soon.
5-10-2022 Intel Guru Frank26 Article: "The Iraqi parliament is in the process of issuing a resolution obligating the government to submit the financial budget" FINAL STEPS FOR THE MONETARY REFORM.
5-10-2022 Newshound Guru Pimpy Article: "PUK: Barham Saleh is a figure acceptable to the framework and the current". Quote: "The Patriotic Union of Kurdistan announce the acceptance of Saleh for presidency of the Republic by the Coordination Framework and the Sadrist Movement" Wow! Something they could agree on...congrats to Saleh as long as he gets in there. But we'll see. Remember the person that actually runs the country is the prime minister...
5-10-2022 Intel Guru MarkZ [via PDK] ...there are a lot of rumors floating around out there that Iraq has gone with a 1 to 1 rate... They have not gone 1 to 1 in the country. It has not occurred yet. Do they still talk about the NEER rate (Nominal Effective Exchange Rate) – yes they do but less and less often now…now they are discussing the restoration of the old value which was the mid $3 dollar range…this was discussed again this weekend in Iraq.
5-10-2022 Newshound Guru Walkingstick [via frank] [Walkingstick's Iraqi bank contact update] BANK FIRM: We have the delivery schedule of the new small category notes (NSCN) in our possession. WALKINGSTICK: We know know 'What', the new small category notes. And we know 'where', the ATM machines and the banks. But what we don't have is we need the 'when'...the only detail missing is the timing of when they will sit a government and announce it in order to deliver the NSCNs and new exchange rate. Once that happens, the reforms and the new exchange rate, and NSCNs and many other things that everyone and the citizens are waiting for will happen.
5-10-2022 Intel Guru RayRen98 FED SOURCE SAYS, "THINGS ARE MOVING FAST"...BANK SOURCE SAYS, "IN MEETINGS ALL DAY"...CANADA SOURCE SAYS, "KEEP YOUR PHONE POWERED ON"...
5-10-2022 Intel Guru MarkZ [via PDK] I am hearing lots of great chatter...Things finally started lighting up this afternoon on...the Redemption side...and the bank side… There is great anticipation for the next 72 hours...there is a lot of excitement out there. There were some great developments in Iraq. I want to give full credit to [Gurus] Frank and Walkingstick for this… [Reference Guru Walkingstick post 5-10-22 below] After seeing this I chased down my contacts and they confirmed it. I am hearing the same thing from my contacts over there… [post 1 of 2....stay tuned]
5-10-2022 Newshound Guru Sandy Ingram Question: "If...Iraq opens up trading their currency why not fly there to Iraq and exchange with a group...?" ...This ...is premature, however we can fly...out of JFK or Miami but no group account. Everyone would need to handle their own finances...A "real" revalue of the currency would allow us to exchange the currency within the United States. We would only need to travel if they printed new currency BEFORE a revalue.
5-10-2022 Newshound Guru Militiaman The process of seating the government and gearing for the 2022 budget is slated for from now through this next week...with what we have witnessed over the past couple years, months and even days, we have never been closer based off hindsight ...imo...BTW...April 2nd, 2022 was the first Day of Ramadan. This is about the time frame Sadr gave [40 days to form government] that gets it to the 10th of May per the Islamic Calendar. Sadr has summoned the FM and CBI Governor 05/12/2022.. I can imagine the CBI having a move soon.
5-10-2022 Intel Guru Frank26 Article: "The Iraqi parliament is in the process of issuing a resolution obligating the government to submit the financial budget" FINAL STEPS FOR THE MONETARY REFORM.
5-10-2022 Newshound Guru Pimpy Article: "PUK: Barham Saleh is a figure acceptable to the framework and the current". Quote: "The Patriotic Union of Kurdistan announce the acceptance of Saleh for presidency of the Republic by the Coordination Framework and the Sadrist Movement" Wow! Something they could agree on...congrats to Saleh as long as he gets in there. But we'll see. Remember the person that actually runs the country is the prime minister...
5-10-2022 Intel Guru MarkZ [via PDK] ...there are a lot of rumors floating around out there that Iraq has gone with a 1 to 1 rate... They have not gone 1 to 1 in the country. It has not occurred yet. Do they still talk about the NEER rate (Nominal Effective Exchange Rate) – yes they do but less and less often now…now they are discussing the restoration of the old value which was the mid $3 dollar range…this was discussed again this weekend in Iraq.
5-10-2022 Newshound Guru Walkingstick [via frank] [Walkingstick's Iraqi bank contact update] BANK FIRM: We have the delivery schedule of the new small category notes (NSCN) in our possession. WALKINGSTICK: We know know 'What', the new small category notes. And we know 'where', the ATM machines and the banks. But what we don't have is we need the 'when'...the only detail missing is the timing of when they will sit a government and announce it in order to deliver the NSCNs and new exchange rate. Once that happens, the reforms and the new exchange rate, and NSCNs and many other things that everyone and the citizens are waiting for will happen.
5-10-2022 Intel Guru RayRen98 FED SOURCE SAYS, "THINGS ARE MOVING FAST"...BANK SOURCE SAYS, "IN MEETINGS ALL DAY"...CANADA SOURCE SAYS, "KEEP YOUR PHONE POWERED ON"...
5-9-2022 Newshound Guru Godlover [Response to Militia man post below] This food security law you speak of is certainly not a good thing if it does not come with the general budget.
5-9-2022 Intel Guru MarkZ [via PDK] ...good articles out of Iraq today. Article: “ Financial advisor to the Prime Minister: Financeil abundance is a historic opportunity for Iraq.” They even talked in depth about how it will cost them .6 cents per bill to delete the zeros or printing and replacing the physical notes...but they added that this will not increase purchasing power. That is one of their key issues. So now that they are ISO compliant and can be international….it is time to do both….increase the purchasing power and delete the zeros. This is conversation over the weekend on Iraqi television. Time to get this abundance to the people …I think this is positive stuff.
5-9-2022 Newshound Guru Militiaman In my view this one has rate implications. The emergency food support bill is what many countries deem as security issues and interestingly enough, there is a food law being talked about in Iraq and even the UST has talked of this topic too. If this is the same thing, there is a rate to be had with it or behind it. We have heard that food security is important and a security issue and a reason the Federal Court Ruled that the present Caretaker Government can get things passed if need be for the benefit of the people, therefore, they will need to secure it with purchase power., i.e., a new exchange rate.
5-9-2022 Newshound/Intel Guru Walkingstick Question: "Do you think the rate will float to hit its maximum within say 6 to 8 months?" No way, it's still a developing country. It could take a couple years.
5-9-2022 Intel Guru Frank26 Is the ISO what pulls the trigger to the monetary reform...NSCN and new exchange rate...? No. But it is a necessary platform to...go international. Then what is going to...[pull the triger]? I've told you, 'Show me a seated government...'
5-9-2022 Newshound Guru Kaperoni If we would like to see the Iraqi dinar go up in value (which I think we all would like), our best bet is for them to build a private sector market economy and allow it to grow over time. Such an event would allow the exchange rate of the dinar to also gradually appreciate.
5-9-2022 Intel Guru MarkZ [via PDK] I am hoping this is our “Boom Week”. I am hearing there will be big meetings on Wed in Iraq with the finance minister and CBI and IMF representatives.
5-9-2022 Newshound Guru Pimpy It always feels like we're right on the edge of getting there. It looks like things are going in the right direction and then there's always these little hurdles but at at least they're not going two steps forward and ten steps back like they used to. Now it's more like they're going two steps forward and a half step back every now and then. Still looking good but dealing with a lot of B.S...Iraq is teetering right there at the doorstep. They really are...
5-9-2022 Newshound Guru Militiaman Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next...The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo [Post 2 of 2]
5-9-2022 Newshound Guru Militiaman Article: "Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching". A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements...These items have serious implications for the future. They are working like a government that has the people on their agenda. [Post 1 of 2....stay tuned]
5-9-2022 Intel Guru MarkZ [via PDK] ...good articles out of Iraq today. Article: “ Financial advisor to the Prime Minister: Financeil abundance is a historic opportunity for Iraq.” They even talked in depth about how it will cost them .6 cents per bill to delete the zeros or printing and replacing the physical notes...but they added that this will not increase purchasing power. That is one of their key issues. So now that they are ISO compliant and can be international….it is time to do both….increase the purchasing power and delete the zeros. This is conversation over the weekend on Iraqi television. Time to get this abundance to the people …I think this is positive stuff.
5-9-2022 Newshound Guru Militiaman In my view this one has rate implications. The emergency food support bill is what many countries deem as security issues and interestingly enough, there is a food law being talked about in Iraq and even the UST has talked of this topic too. If this is the same thing, there is a rate to be had with it or behind it. We have heard that food security is important and a security issue and a reason the Federal Court Ruled that the present Caretaker Government can get things passed if need be for the benefit of the people, therefore, they will need to secure it with purchase power., i.e., a new exchange rate.
5-9-2022 Newshound/Intel Guru Walkingstick Question: "Do you think the rate will float to hit its maximum within say 6 to 8 months?" No way, it's still a developing country. It could take a couple years.
5-9-2022 Intel Guru Frank26 Is the ISO what pulls the trigger to the monetary reform...NSCN and new exchange rate...? No. But it is a necessary platform to...go international. Then what is going to...[pull the triger]? I've told you, 'Show me a seated government...'
5-9-2022 Newshound Guru Kaperoni If we would like to see the Iraqi dinar go up in value (which I think we all would like), our best bet is for them to build a private sector market economy and allow it to grow over time. Such an event would allow the exchange rate of the dinar to also gradually appreciate.
5-9-2022 Intel Guru MarkZ [via PDK] I am hoping this is our “Boom Week”. I am hearing there will be big meetings on Wed in Iraq with the finance minister and CBI and IMF representatives.
5-9-2022 Newshound Guru Pimpy It always feels like we're right on the edge of getting there. It looks like things are going in the right direction and then there's always these little hurdles but at at least they're not going two steps forward and ten steps back like they used to. Now it's more like they're going two steps forward and a half step back every now and then. Still looking good but dealing with a lot of B.S...Iraq is teetering right there at the doorstep. They really are...
5-9-2022 Newshound Guru Militiaman Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next...The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo [Post 2 of 2]
5-9-2022 Newshound Guru Militiaman Article: "Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching". A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements...These items have serious implications for the future. They are working like a government that has the people on their agenda. [Post 1 of 2....stay tuned]
5-8-2022 Intel Guru MarkZ [via PDK] I am hearing great things out of Iraq, but their value has not changed yet...the only RV news for the day is Sadr has summoned the finance minister and the CBI Governor to meet on the 12th of May. My Iraqi sources are looking for a “Public” release from that meeting. I got this from a couple of sources that made me feel very good. Some sources in Iraq and some sources out of Iraq. I think we are in the final days. This lines up with well with what my DC insiders are saying.
5-8-22 Newshound Guru Kaperoni Former deputy CBI gov and economic adviser to the PM Muhammed Salih stated that Iraq is worth about $16 trillion dollars including oil and all minerals in the ground. So there...$16 trillion dollars!
5-8-2022 Newshound Guru Pimpy Article: "Al-Kazemi's advisor puts forward a proposal to double growth rates". Oh, yeah baby! That's what we want to see! Quote: "Saleh proposed on Saturday to raise the volume of investment in six sectors to double growth rates..." ...Iraq needs to take that money that they make from the oil revenue and start rebuilding a lot of the different sectors...which has been happening ever since Al-Kazemi has been in office...if we're thinking about changing the overall exchange rate of the Iraqi dinar you must first have a very secure economy...the private sectors - let's get them rocking and rolling!
5-8-2022 Intel Guru Frank26 Article: "Iraq...Ambiguity surrounding the 2022 budget" What's in the budget... the new exchange rate... Quote: "calls to restore the exchange rate of the dinar against the dollar to its previous era." There is no ambiguity.
5-8-2022 Newshound Guru Militiaman Sadr...gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form a government with the Sadr's block. An article suggests that the Independents could actually get on board within days and wa-laa here we are seeing them meeting tomorrow...there was approximately 220 seats under Sadr that didn't get him the 2/3 majority. But, if the independents come on board adding 35+- seats may give Sadr what he needs to form the government.
5-8-2022 Intel Guru Frank26 The ISO was to put the IQD in a position to go international. For trading International. To pay their bills in their own currency. To deal with cross-border payments. This is huge. It's a platform to go international. This is the window for the IQD to go outside of its borders and float. Or fix it. I don't care you can do whatever you want now...They're going to float it in my opinion.
5-8-22 Newshound Guru Kaperoni Former deputy CBI gov and economic adviser to the PM Muhammed Salih stated that Iraq is worth about $16 trillion dollars including oil and all minerals in the ground. So there...$16 trillion dollars!
5-8-2022 Newshound Guru Pimpy Article: "Al-Kazemi's advisor puts forward a proposal to double growth rates". Oh, yeah baby! That's what we want to see! Quote: "Saleh proposed on Saturday to raise the volume of investment in six sectors to double growth rates..." ...Iraq needs to take that money that they make from the oil revenue and start rebuilding a lot of the different sectors...which has been happening ever since Al-Kazemi has been in office...if we're thinking about changing the overall exchange rate of the Iraqi dinar you must first have a very secure economy...the private sectors - let's get them rocking and rolling!
5-8-2022 Intel Guru Frank26 Article: "Iraq...Ambiguity surrounding the 2022 budget" What's in the budget... the new exchange rate... Quote: "calls to restore the exchange rate of the dinar against the dollar to its previous era." There is no ambiguity.
5-8-2022 Newshound Guru Militiaman Sadr...gave a 40 day period out to the Coordination Framework to form a government and they are said to have failed. Also, this week we have seen that Sadr gave the independents up to 15 days to form a government with the Sadr's block. An article suggests that the Independents could actually get on board within days and wa-laa here we are seeing them meeting tomorrow...there was approximately 220 seats under Sadr that didn't get him the 2/3 majority. But, if the independents come on board adding 35+- seats may give Sadr what he needs to form the government.
5-8-2022 Intel Guru Frank26 The ISO was to put the IQD in a position to go international. For trading International. To pay their bills in their own currency. To deal with cross-border payments. This is huge. It's a platform to go international. This is the window for the IQD to go outside of its borders and float. Or fix it. I don't care you can do whatever you want now...They're going to float it in my opinion.
5-7-2022 Newshound Guru Deepwoodz [Response to Newshound Guru Militiaman below ] Imo…Same wavelength… An independent bloc announces its acceptance of al-Sadr's initiative to form a "national" government. Article reference "Al-Khafaji said that "contacts took place yesterday between 35 independent deputies" Last time they had a quorum of about 200 if I’m not mistaken. If 35 were added then…… :)
5-7-2022 Intel Guru MarkZ [via PDK] There is so many expectations and festivities going on in Iraq I am surprised there isn’t more news….Iraq sources are eerily quiet...I have heard we can expect a complete blackout from the country when the Rate release happens…but it just may be because it’s a weekend. Kuwait did its best to keep their rate change a secret for 10 days. I don’t think that in today’s world this would be possible with our technology…
5-7-2022 Newshound Guru Kaperoni Every year the IMF usually meets with each member state and does a thorough evaluation including recommendations of their banking system it's called the Article IV Consultation. Iraq should be having theirs over the next few months for the year 2022. These documents are about as complete as it gets when it comes to progress, development and integration into the global financial system...
5-7-2022 Newshound Guru MilitiaMan [Reply to Newshound Guru Godlover below] I have not seen one or more articles to suggest that, in respect to June...Even if it is out to June based off news, it is not far off. But, what looks more promising is the below from Sadr... Article quote "Earlier, independent MP Hassan Al-Khafaji revealed to Shafak News Agency that a meeting will be held by the independent representatives next week to discuss the initiatives of the coordination framework and the Sadrist movement and to come up with a solution to end the political blockage."
5-7-2022 Newshound Guru Godlover Article: "Last-minute initiatives... "balance of pressure" between the frame and the chest exacerbates the blockage" I am beginning to wonder if this can ever be resolved without another election. Anyway, I can't see it being resolved anytime soon. One or more articles spoke of the end of June to resolve the current political impasse I believe & I certainly would not be surprised.
5-7-2022 Newshound Guru Pimpy Question: "Which dinar are we supposed to buy?" Nothing before 2003...25000, the 10,000 one in green, 5000...the most commonly bought one is the 25000 dinar. Some people have the 10,000. Some people have the 50,000. I have the fifty thousand, the twenty five thousand, the 10 and the 5 thousand...anything after 2003 should be fine.
5-7-2022 Newshound Guru Clare Article: "Last-minute initiatives... "balance of pressure" between the frame and the chest exacerbates the blockage". Quote: "With the end of the deadline comes a new failure in the attempts of the framework or the movement to find an understanding with the other forces in order to set a new date for holding a parliament session, dedicated to electing a new president of the republic, and completing the constitutional entitlements represented by forming a new government."
5-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] ...Deleting the zeros alone does not give increase in purchasing power. It's a collective project. FRANK: This is the time when all they will talk about is the deletion of the 3 zeros from the exchange rate to add value to your currency and you are beholding it. The ISO20022 is the door for your currency to go international. And when the IMF gave it to the CBI last week we all went crazy...[Post 2 of 2]
5-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Accounting experts saying deleting zeros would cost the government 6 cents for each note and that it would help citizens carry less money and would be much easier as for accounting issues however this has to be included with the Council of Ministers and Parliament to actually add value for purchasing power... [Post 1 of 2....stay tuned]
5-7-2022 Intel Guru MarkZ [via PDK] ...The IMF made a statement earlier this week and are pushing for Iraq to increase their rate or strengthen their currency. Give it a higher value…so we know that it is imminent…we just don’t know the exact time. ...Military contacts are saying that mid –month is still their timeframe…Iraqi contacts are squarely looking at the start of next week as well. …It’s all positive. We don’t know the exact timing but it appears we are exceptionally close…this is from all kinds of different sources...not just one.
5-7-2022 Intel Guru MarkZ [via PDK] There is so many expectations and festivities going on in Iraq I am surprised there isn’t more news….Iraq sources are eerily quiet...I have heard we can expect a complete blackout from the country when the Rate release happens…but it just may be because it’s a weekend. Kuwait did its best to keep their rate change a secret for 10 days. I don’t think that in today’s world this would be possible with our technology…
5-7-2022 Newshound Guru Kaperoni Every year the IMF usually meets with each member state and does a thorough evaluation including recommendations of their banking system it's called the Article IV Consultation. Iraq should be having theirs over the next few months for the year 2022. These documents are about as complete as it gets when it comes to progress, development and integration into the global financial system...
5-7-2022 Newshound Guru MilitiaMan [Reply to Newshound Guru Godlover below] I have not seen one or more articles to suggest that, in respect to June...Even if it is out to June based off news, it is not far off. But, what looks more promising is the below from Sadr... Article quote "Earlier, independent MP Hassan Al-Khafaji revealed to Shafak News Agency that a meeting will be held by the independent representatives next week to discuss the initiatives of the coordination framework and the Sadrist movement and to come up with a solution to end the political blockage."
5-7-2022 Newshound Guru Godlover Article: "Last-minute initiatives... "balance of pressure" between the frame and the chest exacerbates the blockage" I am beginning to wonder if this can ever be resolved without another election. Anyway, I can't see it being resolved anytime soon. One or more articles spoke of the end of June to resolve the current political impasse I believe & I certainly would not be surprised.
5-7-2022 Newshound Guru Pimpy Question: "Which dinar are we supposed to buy?" Nothing before 2003...25000, the 10,000 one in green, 5000...the most commonly bought one is the 25000 dinar. Some people have the 10,000. Some people have the 50,000. I have the fifty thousand, the twenty five thousand, the 10 and the 5 thousand...anything after 2003 should be fine.
5-7-2022 Newshound Guru Clare Article: "Last-minute initiatives... "balance of pressure" between the frame and the chest exacerbates the blockage". Quote: "With the end of the deadline comes a new failure in the attempts of the framework or the movement to find an understanding with the other forces in order to set a new date for holding a parliament session, dedicated to electing a new president of the republic, and completing the constitutional entitlements represented by forming a new government."
5-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] ...Deleting the zeros alone does not give increase in purchasing power. It's a collective project. FRANK: This is the time when all they will talk about is the deletion of the 3 zeros from the exchange rate to add value to your currency and you are beholding it. The ISO20022 is the door for your currency to go international. And when the IMF gave it to the CBI last week we all went crazy...[Post 2 of 2]
5-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Accounting experts saying deleting zeros would cost the government 6 cents for each note and that it would help citizens carry less money and would be much easier as for accounting issues however this has to be included with the Council of Ministers and Parliament to actually add value for purchasing power... [Post 1 of 2....stay tuned]
5-7-2022 Intel Guru MarkZ [via PDK] ...The IMF made a statement earlier this week and are pushing for Iraq to increase their rate or strengthen their currency. Give it a higher value…so we know that it is imminent…we just don’t know the exact time. ...Military contacts are saying that mid –month is still their timeframe…Iraqi contacts are squarely looking at the start of next week as well. …It’s all positive. We don’t know the exact timing but it appears we are exceptionally close…this is from all kinds of different sources...not just one.
5-6-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Oil Minister is saying just last month oil revenue was over $10 billion. This is just one month revenue. Then the economic experts came on TV and said it's time for Iraqi citizens to share in this wealth and Iraq needs to show the true value of their currency. Saying Iraq is losing billions with a program rate. FRANK: ...This is a dream come true...
5-6-2022 Intel Guru Bruce [via WiserNow] ...The latest thing I got...on our timing is pointing to...us...to get notified and get started the middle of next week...so that would be the 10th 11th and or 12th - Tues – Wed – Thurs... by the intel I had today starting middle of next week...that’s what I’ve got...I’m excited...
5-6-2022 Newshound Guru Kaperoni Article XIV under the IMF Charter is a necessity first and foremost before any bank would even consider doing business with Iraq. All this talk about ISO 20022 is nonsense at this time...has nothing to do with Iraq's exchange rate. Iraq isn't even an IMF Article XIV...
5-6-2022 Intel Gurus Mike Cottrell & MarkZ [via PDK] Mike Cottrell: ... everything looks to be gearing up. We are seeing some very positive activity and possibly the rollover or RV somewhere around the middle of this month. IMO that is where we are...We are looking at a very good time right now and I think we are almost there. MarkZ: I agree with you based on everything we are seeing come together.
5-6-2022 Newshound Guru Pimpy It's kind of hard to figure out what direction Iraq is going to go into without the new government there. You're not going to see any kind of rate change until this government is formed and firmly on its feet and running. That's just a cold hard truth...I'm not trying to be the bearer of bad news I'm the one that's just saying let's stay grounded...
5-6-2022 Intel Guru Frank26 Article: "After the failure of the coordination framework to form it... Al-Sadr calls on independent representatives to form a government without Sadrist ministers" "Independent MPs will meet next week to discuss the Sadr and Framework initiatives" They're telling you, 'we have a political agreement. We've had it' ...this political agreement will lead to a seated government, will lead to the budget, will lead to reforms, will lead to the white papers, will lead to the new exchange rate, will lead to the small category notes for the citizens. The new exchange rate is mainly for the external outside usage where the NSCN are for the citizens inside of Iraq...
5-6-2022 Intel Guru MarkZ [via PDK] [Is it true we will have to pay capital gains tax on our exchange?] I do not think we will have to…but I am prepared in case they do... [Always check with your tax professional at the appropriate time.]
5-6-2022 Intel Guru Bruce [via WiserNow] ...The latest thing I got...on our timing is pointing to...us...to get notified and get started the middle of next week...so that would be the 10th 11th and or 12th - Tues – Wed – Thurs... by the intel I had today starting middle of next week...that’s what I’ve got...I’m excited...
5-6-2022 Newshound Guru Kaperoni Article XIV under the IMF Charter is a necessity first and foremost before any bank would even consider doing business with Iraq. All this talk about ISO 20022 is nonsense at this time...has nothing to do with Iraq's exchange rate. Iraq isn't even an IMF Article XIV...
5-6-2022 Intel Gurus Mike Cottrell & MarkZ [via PDK] Mike Cottrell: ... everything looks to be gearing up. We are seeing some very positive activity and possibly the rollover or RV somewhere around the middle of this month. IMO that is where we are...We are looking at a very good time right now and I think we are almost there. MarkZ: I agree with you based on everything we are seeing come together.
5-6-2022 Newshound Guru Pimpy It's kind of hard to figure out what direction Iraq is going to go into without the new government there. You're not going to see any kind of rate change until this government is formed and firmly on its feet and running. That's just a cold hard truth...I'm not trying to be the bearer of bad news I'm the one that's just saying let's stay grounded...
5-6-2022 Intel Guru Frank26 Article: "After the failure of the coordination framework to form it... Al-Sadr calls on independent representatives to form a government without Sadrist ministers" "Independent MPs will meet next week to discuss the Sadr and Framework initiatives" They're telling you, 'we have a political agreement. We've had it' ...this political agreement will lead to a seated government, will lead to the budget, will lead to reforms, will lead to the white papers, will lead to the new exchange rate, will lead to the small category notes for the citizens. The new exchange rate is mainly for the external outside usage where the NSCN are for the citizens inside of Iraq...
5-6-2022 Intel Guru MarkZ [via PDK] [Is it true we will have to pay capital gains tax on our exchange?] I do not think we will have to…but I am prepared in case they do... [Always check with your tax professional at the appropriate time.]
5-5-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Television news is showing alliance groups has signatures to request a session on May 7th to vote for a president and also vote on the budget... FRANK: ...The 7th is going to be an interesting day unless they do the same nonsense, 'We postpone it.' I don't think so though. This is being laser focused...concentrated on what they are doing...we await to see the outcome.
5-5-2022 Newshound Guru Sandy Ingram The policies surrounding the exchange of the old currency, the dinar we hold, and the newly printed currency, which no one is admitting to, will determine who can exchange the old currency to the new. They could limit the exchange to Iraqi citizens and countries or they could only exchange currency inside of the country, meaning you...would need to travel to Iraq in order to exchange the currency. And while you're there...build up the tourist industry...Once the exchange period is over Iraq could...purely as speculation...float the new currency...we will have to see. [Post 2 of 2]
5-5-2022 Newshound Guru Sandy Ingram A few of you have mentioned...you have trouble believing Iraq will ever revalue their currency because they have overprinted the money. This is a valid concern. Some people believe Iraq will have the necessary income [Because of oil] to rebuild the country, create new jobs, along with enough cash flow to maintain the government...pay Iran for electricity, clean up the rivers, smother corruption and print new currency. [Post 1 of 2....stay tuned]
5-5-2022 Newshound Guru Kaperoni [Response to Newshound Guru Pimpy 5-4-2022] Guru Pimpy thinks because Iraq's revenues are predicting to rise they should raise the exchange rate. It's going to take more than a prediction for Iraq's exchange rate to rise, they actually have to begin to accomplish building a private sector economy and increase GDP...And even then it will not rise overnight it's going to take a long time for the dinar to gradually appreciate as a result of the success of the growth of Iraq's economy...
5-5-2022 Newshound Guru Pimpy It's still a hot mess over in Iraq politically but things will start to change once Sadr comes out of seclusion. I'm curious to hear what his statement is going to be and if he mobilizes his people at all in order to make a statement. He gave the Coordination Framework 40 days. The 40 days has come to pass. What does that mean? What can he do? What is he going to do? All eyes are on Sadr...
5-5-2022 Intel Guru MarkZ [via PDK] There is some back and forth out of Iraq that it may take longer now to seat their politicians. Many conflicting articles out there right now. The same kind of back and forth we saw in Kuwait in the weeks leading up to their RV. So don’t panic everytime you see a piece of news…i am still hearing very positive news. Iraqi contacts are still hearing to watch between the 7th and the 10th. Redemption folks were told they are on call this weekend. Military folks are very stoked for something to happen mid- month…which we are quickly approaching.
5-5-2022 Newshound/Intel Guru Walkingstick [via Frank] If we do have a government established by the 7th or the 12th that's going to trigger a lot of events that are important to you and I and the citizens concerning the monetary reform...if there is a seated government by Saturday Walkingstick's bank friends are going to call and tell him what the CBI is telling the banks what the next steps will be...
5-5-2022 Intel Guru Frank26 May the 7th that's interesting isn't it. They're also talking about May the 12th...I'm not giving you these dates because that's when it's going to happen. These dates are more belonging to the possibility of Iraq actually having a government. The first one was May 7th. Now they're talking about May 12th too.
5-5-2022 Intel Guru Bruce ...the latest we had ...is pointing toward us still going this week and I’m hearing 4th - 5th or 6th that would be Wed – Thursday – Friday – of this week – for notifications to come out...It could very well happen this week...
5-5-2022 Newshound Guru Sandy Ingram The policies surrounding the exchange of the old currency, the dinar we hold, and the newly printed currency, which no one is admitting to, will determine who can exchange the old currency to the new. They could limit the exchange to Iraqi citizens and countries or they could only exchange currency inside of the country, meaning you...would need to travel to Iraq in order to exchange the currency. And while you're there...build up the tourist industry...Once the exchange period is over Iraq could...purely as speculation...float the new currency...we will have to see. [Post 2 of 2]
5-5-2022 Newshound Guru Sandy Ingram A few of you have mentioned...you have trouble believing Iraq will ever revalue their currency because they have overprinted the money. This is a valid concern. Some people believe Iraq will have the necessary income [Because of oil] to rebuild the country, create new jobs, along with enough cash flow to maintain the government...pay Iran for electricity, clean up the rivers, smother corruption and print new currency. [Post 1 of 2....stay tuned]
5-5-2022 Newshound Guru Kaperoni [Response to Newshound Guru Pimpy 5-4-2022] Guru Pimpy thinks because Iraq's revenues are predicting to rise they should raise the exchange rate. It's going to take more than a prediction for Iraq's exchange rate to rise, they actually have to begin to accomplish building a private sector economy and increase GDP...And even then it will not rise overnight it's going to take a long time for the dinar to gradually appreciate as a result of the success of the growth of Iraq's economy...
5-5-2022 Newshound Guru Pimpy It's still a hot mess over in Iraq politically but things will start to change once Sadr comes out of seclusion. I'm curious to hear what his statement is going to be and if he mobilizes his people at all in order to make a statement. He gave the Coordination Framework 40 days. The 40 days has come to pass. What does that mean? What can he do? What is he going to do? All eyes are on Sadr...
5-5-2022 Intel Guru MarkZ [via PDK] There is some back and forth out of Iraq that it may take longer now to seat their politicians. Many conflicting articles out there right now. The same kind of back and forth we saw in Kuwait in the weeks leading up to their RV. So don’t panic everytime you see a piece of news…i am still hearing very positive news. Iraqi contacts are still hearing to watch between the 7th and the 10th. Redemption folks were told they are on call this weekend. Military folks are very stoked for something to happen mid- month…which we are quickly approaching.
5-5-2022 Newshound/Intel Guru Walkingstick [via Frank] If we do have a government established by the 7th or the 12th that's going to trigger a lot of events that are important to you and I and the citizens concerning the monetary reform...if there is a seated government by Saturday Walkingstick's bank friends are going to call and tell him what the CBI is telling the banks what the next steps will be...
5-5-2022 Intel Guru Frank26 May the 7th that's interesting isn't it. They're also talking about May the 12th...I'm not giving you these dates because that's when it's going to happen. These dates are more belonging to the possibility of Iraq actually having a government. The first one was May 7th. Now they're talking about May 12th too.
5-5-2022 Intel Guru Bruce ...the latest we had ...is pointing toward us still going this week and I’m hearing 4th - 5th or 6th that would be Wed – Thursday – Friday – of this week – for notifications to come out...It could very well happen this week...
5-4-2022 Intel Guru Frank26 There was a major announcement [ISO20022]...the closest thing to it [that announcement] would be for them to tell you what the new exchange rate is. This [ISO20022] allows them to tell you what the new exchange rate is. It's extremely exciting.
5-4-2022 Intel Guru MarkZ [via PDK] [Do you think the RV will happen even if Iraq doesn’t have its government in place?] Yes…at some point …They have already made it very clear the CBI has the authority to do it. The CBI is separate from the GOI and the IMF is screaming at the CBI to change the value of the dinar alread.
5-4-2022 Newshound Guru Kaperoni Question "if Iraq creates a LOP how are investors impacted?" The proposed idea is a neutral event. Meaning they'll be very little gain. We do not want to see this occur. There are many economists in Iraq that do not agree with a LOP and think that Iraq should leave the dinar alone and grow the economy.
5-4-2022 Newshound Guru Pimpy Article: "Despite the Sadrists' statement, the coordination framework announces an effective rapprochement at the beginning of next month" Here the Coordination Framework announced...everything is honky dory. The coordination Framework will join up with Sadr movement and they will form the largest block. They're making it sound like everything is peaches and cream...only to have Sadr come behind them and deny them all together...
5-4-2022 Intel Guru Frank26 Article: "Ahmed Al-Rubaie to / NINA /: The political forces with a quick solution to the political blockage..and no indications to proceed with early elections" MAY 7TH.
5-4-2022 Intel Guru MarkZ [via PDK] Iraqi contacts are squarely looking at between the 7th and the 10th for a new currency rate...I was told weeks ago to watch between the 5th and the 7th for a new rate…now it looks like its between the 7th and the 10th. I did get more news on tier 3. All I can say without getting anyone in trouble…is on a different continent I have a tier 3 contact that says “yes-some tier 3 money has moved”...it does appear to be a slow roll-out…or maybe it’s just a warm-up…but I am very excited about it. [What are your military contacts saying?] They are looking squarely at mid–May. They are expecting huge changes over the next week and a half.
5-4-2022 Newshound Guru Clare Article: "The International Monetary Fund expects a jump in Iraq's public revenues of nearly $150 billion" Quote: "it is expected that the Arab oil-exporting countries will witness jumps in their revenues during the current year, in conjunction with the rise in oil prices globally," noting that "it is expected that Iraq's revenues during 2022 will reach 149 billion dollars." And an annual change rate of 73 percent from 2021."
5-4-2022 Newshound Guru Pimpy Article: "International Monetary: Iraq's Revenues Will Reach Nearly 150 Billion Dollars In 2022". This is awesome, awesome news. This is something that people should be excited about because this is a big portion of a good reason to change the exchange rate (but not all the reasons)... Quote: "the IMF expected that Iraq will achieve a jump in it's public revenues during the 2022 year...with annual change rate of 73% over the 2021 year." That is phenomenal. That's a huge jump.
5-4-2022 Intel Guru Fleming The IMF told IRAQ that $3.23 USD would be a fair price per Dinar. Iraq won’t start with this rate to the world, it will begin with a front screen rate of 1 IQD to $1 USD which has long been discussed. Then, it is suspected that in 5 to 10 days, it will go to this price and possibly beyond. No doubt, they want to capture all of the poor people first rushing in to get this 1:1 rate.
5-4-2022 Intel Guru MarkZ [via PDK] [Do you think the RV will happen even if Iraq doesn’t have its government in place?] Yes…at some point …They have already made it very clear the CBI has the authority to do it. The CBI is separate from the GOI and the IMF is screaming at the CBI to change the value of the dinar alread.
5-4-2022 Newshound Guru Kaperoni Question "if Iraq creates a LOP how are investors impacted?" The proposed idea is a neutral event. Meaning they'll be very little gain. We do not want to see this occur. There are many economists in Iraq that do not agree with a LOP and think that Iraq should leave the dinar alone and grow the economy.
5-4-2022 Newshound Guru Pimpy Article: "Despite the Sadrists' statement, the coordination framework announces an effective rapprochement at the beginning of next month" Here the Coordination Framework announced...everything is honky dory. The coordination Framework will join up with Sadr movement and they will form the largest block. They're making it sound like everything is peaches and cream...only to have Sadr come behind them and deny them all together...
5-4-2022 Intel Guru Frank26 Article: "Ahmed Al-Rubaie to / NINA /: The political forces with a quick solution to the political blockage..and no indications to proceed with early elections" MAY 7TH.
5-4-2022 Intel Guru MarkZ [via PDK] Iraqi contacts are squarely looking at between the 7th and the 10th for a new currency rate...I was told weeks ago to watch between the 5th and the 7th for a new rate…now it looks like its between the 7th and the 10th. I did get more news on tier 3. All I can say without getting anyone in trouble…is on a different continent I have a tier 3 contact that says “yes-some tier 3 money has moved”...it does appear to be a slow roll-out…or maybe it’s just a warm-up…but I am very excited about it. [What are your military contacts saying?] They are looking squarely at mid–May. They are expecting huge changes over the next week and a half.
5-4-2022 Newshound Guru Clare Article: "The International Monetary Fund expects a jump in Iraq's public revenues of nearly $150 billion" Quote: "it is expected that the Arab oil-exporting countries will witness jumps in their revenues during the current year, in conjunction with the rise in oil prices globally," noting that "it is expected that Iraq's revenues during 2022 will reach 149 billion dollars." And an annual change rate of 73 percent from 2021."
5-4-2022 Newshound Guru Pimpy Article: "International Monetary: Iraq's Revenues Will Reach Nearly 150 Billion Dollars In 2022". This is awesome, awesome news. This is something that people should be excited about because this is a big portion of a good reason to change the exchange rate (but not all the reasons)... Quote: "the IMF expected that Iraq will achieve a jump in it's public revenues during the 2022 year...with annual change rate of 73% over the 2021 year." That is phenomenal. That's a huge jump.
5-4-2022 Intel Guru Fleming The IMF told IRAQ that $3.23 USD would be a fair price per Dinar. Iraq won’t start with this rate to the world, it will begin with a front screen rate of 1 IQD to $1 USD which has long been discussed. Then, it is suspected that in 5 to 10 days, it will go to this price and possibly beyond. No doubt, they want to capture all of the poor people first rushing in to get this 1:1 rate.
5-3-2022 Intel Guru MarkZ [via PDK] …we have had 2 very solid confirmations from Tier 3 and them having received small bank wires…compared to what they are owed. Test wires. And that tells us (imo) that real money has started moving in tier 3…This is exciting. I think this is fantastic news...I have some very large folks in tier 3 that have not seen any movement yet. So I think we are in the very beginning of this. Hopefully we will get more reports of payments by tomorrow. Maybe we will have a phenomenal update tomorrow...
5-3-2022 Newshound Guru Pimpy Sadr gave the Coordination Framework 40 days to try to form the government. If a new government is formed we know Sadr did not have a part in that. It looks like Sadr's 40 days are at the end or have ended so we're about to find out what it is that Sadr had in mind. Some type of announcement should come out.
5-3-2022 Newshound Guru Kaperoni For the central bank to be in agreement with the World Bank and IMF to continually improve and build their banking system, compliance, etc is a good thing! It will eventually provide them with the tools and skill to engage with the global financial system...But Iraq's exchange rate will never be a random act, it'll be based on sound economic policies and the growth of Iraq's economy and private sector. [Post 2 of 2]
5-3-2022 Newshound Guru Kaperoni After reviewing the monetary policy of the Central Bank of Iraq has posted on the Central Bank of Iraq's website for the period 2016 to 2020 it does confirm Iraq is in development of a financial system in accordance with ISO 20022...It also states that Iraq is planning to restructure the currency taking measures to delete the three zeros and issue a new dinar (which is a LOP). This confirms what is currently being taught to citizens during symposiums. [Post 1 of 2...stay tuned]
5-3-2022 Intel Guru MarkZ [via PDK] We have had a lot of news happen over the last couple of days. We have the Iraqi President screaming that they need to end all the political blockades and get this all done by May 7th. The IMF came out and said it is time for Iraq to adjust and strengthen their currency. (ie: change the value on it) Now let’s talk about the “Rumormill” from my contacts. We are hearing that Tier 3 will start today...doing small transactions first on the tier 3 level to make sure everything is secure and then move forward...So, once again we appear to be sitting on the edges of our seats. We are in a fantastic position and have seen a lot of progress over the last 48 hours…
5-3-2022 Intel Guru Frank26 This breaks the shackles. This breaks the chains. Article VIII was extremely important. Chapter VII was extremely important. But this is busting the door wide open...The ISO has been around since 2013/14 but it just now being given to Iraq/CBI. What caused it to be given to them? An Addendum...to slowly remove the Swift system...this is major. This is huge...This is a request from the IMF for the dinar to be asset backed...it allows the IQD via the ISO compliance to be international...the ISO is simply a platform for the IQD to go international... [Post 2 of 2]
5-3-2022 Intel Guru Frank26 IMO it was for me to say to you something major will happen in the month of April in Iraq concerning their monetary reform. It was called the International Standardization Organization (ISO20022) and it was announced last Thursday officially. You need to understand this is major. This is huge...this was signed around the 22nd of April...why would this announcement be coming just now last Thursday? The world is 'timing'... [Post 1 of 2...stay tuned]
5-3-2022 Newshound/Intel Guru Mnt Goat ...Getting a government formed sooner than later hinges on two events. One is that they do take a vote on the new president on May 7th and second then move ahead to vote on the new prime minister. Any other actions will postpone the new government from being formed maybe for months...so let’s hope on May 7th they can settle this election.
5-3-2022 Newshound Guru Pimpy Sadr gave the Coordination Framework 40 days to try to form the government. If a new government is formed we know Sadr did not have a part in that. It looks like Sadr's 40 days are at the end or have ended so we're about to find out what it is that Sadr had in mind. Some type of announcement should come out.
5-3-2022 Newshound Guru Kaperoni For the central bank to be in agreement with the World Bank and IMF to continually improve and build their banking system, compliance, etc is a good thing! It will eventually provide them with the tools and skill to engage with the global financial system...But Iraq's exchange rate will never be a random act, it'll be based on sound economic policies and the growth of Iraq's economy and private sector. [Post 2 of 2]
5-3-2022 Newshound Guru Kaperoni After reviewing the monetary policy of the Central Bank of Iraq has posted on the Central Bank of Iraq's website for the period 2016 to 2020 it does confirm Iraq is in development of a financial system in accordance with ISO 20022...It also states that Iraq is planning to restructure the currency taking measures to delete the three zeros and issue a new dinar (which is a LOP). This confirms what is currently being taught to citizens during symposiums. [Post 1 of 2...stay tuned]
5-3-2022 Intel Guru MarkZ [via PDK] We have had a lot of news happen over the last couple of days. We have the Iraqi President screaming that they need to end all the political blockades and get this all done by May 7th. The IMF came out and said it is time for Iraq to adjust and strengthen their currency. (ie: change the value on it) Now let’s talk about the “Rumormill” from my contacts. We are hearing that Tier 3 will start today...doing small transactions first on the tier 3 level to make sure everything is secure and then move forward...So, once again we appear to be sitting on the edges of our seats. We are in a fantastic position and have seen a lot of progress over the last 48 hours…
5-3-2022 Intel Guru Frank26 This breaks the shackles. This breaks the chains. Article VIII was extremely important. Chapter VII was extremely important. But this is busting the door wide open...The ISO has been around since 2013/14 but it just now being given to Iraq/CBI. What caused it to be given to them? An Addendum...to slowly remove the Swift system...this is major. This is huge...This is a request from the IMF for the dinar to be asset backed...it allows the IQD via the ISO compliance to be international...the ISO is simply a platform for the IQD to go international... [Post 2 of 2]
5-3-2022 Intel Guru Frank26 IMO it was for me to say to you something major will happen in the month of April in Iraq concerning their monetary reform. It was called the International Standardization Organization (ISO20022) and it was announced last Thursday officially. You need to understand this is major. This is huge...this was signed around the 22nd of April...why would this announcement be coming just now last Thursday? The world is 'timing'... [Post 1 of 2...stay tuned]
5-3-2022 Newshound/Intel Guru Mnt Goat ...Getting a government formed sooner than later hinges on two events. One is that they do take a vote on the new president on May 7th and second then move ahead to vote on the new prime minister. Any other actions will postpone the new government from being formed maybe for months...so let’s hope on May 7th they can settle this election.
5-2-2022 Intel Guru MarkZ [via PDK] [Clarification: Are we looking for us to go after May 7th because of Iraq???.] I think it would make more sense for us to go before Iraq announces it….
5-2-2022 Newshound Guru Kaperoni So what is ISO 20022? ... This new standard is simply a new set of international standards and procedures for global financial transactions...These new standards are being rolled out throughout the worlds banking with an expected completion date of 2025. I have yet to see anything that says Iraq is in compliance. And again, it has nothing to do with any RV of the dinar.
5-2-2022 Newshound/Intel Guru Mnt Goat Article: "UNITED STATES: IRAQ MUST FORM A NEW GOVERNMENT TO STOP INSTABILITY" Quote: "...the delay in this formation is delaying progress on these bilateral issues in all sectors including security, health care and the economy..." ...the CBI keeps telling us – in order to reinstate the dinar and then the RV they will need STABILTY and SECURITY. So, they have one but now need the stability of the government. They will need the new government to be formed first. It is all here now in black and white so there is no doubt this is the show stopper in the project to delete the zeros.
5-2-2022 Newshound Guru Pimpy Question: "When we do the exchange at the banks will there be capital gains taxes?" Yes. Capital gains tax on anything over $500 and gained value from your exchange. [NOTE: Consult your tax professionals at the appropriate time. Some gurus feel the exchange will be handled at ordinary income.]
5-2-2022 Intel Guru MarkZ [via PDK] Article: ”Al Kazemi’s advisor announces the Ministry of Finance‘s completion of the 2022 Budget” This is expected to go into effect on May 7th. Unless we get news stating otherwise …I think this is fantastic. So what do we have over the last week … Iraq is ISO compliant, a completed budget and we are also hearing they will have a completed government starting on May 7th. So we have a lot to look forward to over the coming days .
5-2-2022 Newshound Guru Kaperoni [Response to Guru Walkingstick 4-30-2022] ...Guru Walkingstick thinks Iraq has been destroying 25k notes. They may have been but it would have only been on a replacement basis which is the central bank's responsibility. Implying that they are reducing the money supply is nonsense. It is a known fact that the money supply has been increasing over the last year-and-a-half as a result of the reduction in exchange rate. It is now over 100 trillion dinar in circulation...
5-2-2022 Intel Guru Fleming Venezuela and Iraq have both fulfilled the ISO 20022 requirements and agree to participate in world trade with ISO 20022 compatible digital currency. A State-Backed, Asset-backed CBDC. This is the completion of the list of “first basket” countries we’ve been waiting for. According to...Military contacts, this is all we’ve been waiting for.
5-2-2022 Intel Guru MarkZ [via PDK] [Where will we exchange in the UK?] I am told HSBC is in charge of yours. And they will use bank locations with spare offices. They will not share those addresses until the event occurs. I am told you will have to sign an electronic NDA before they will tell you where. They don’t want locations leaked for security reasons.
5-2-2022 Newshound Guru Kaperoni So what is ISO 20022? ... This new standard is simply a new set of international standards and procedures for global financial transactions...These new standards are being rolled out throughout the worlds banking with an expected completion date of 2025. I have yet to see anything that says Iraq is in compliance. And again, it has nothing to do with any RV of the dinar.
5-2-2022 Newshound/Intel Guru Mnt Goat Article: "UNITED STATES: IRAQ MUST FORM A NEW GOVERNMENT TO STOP INSTABILITY" Quote: "...the delay in this formation is delaying progress on these bilateral issues in all sectors including security, health care and the economy..." ...the CBI keeps telling us – in order to reinstate the dinar and then the RV they will need STABILTY and SECURITY. So, they have one but now need the stability of the government. They will need the new government to be formed first. It is all here now in black and white so there is no doubt this is the show stopper in the project to delete the zeros.
5-2-2022 Newshound Guru Pimpy Question: "When we do the exchange at the banks will there be capital gains taxes?" Yes. Capital gains tax on anything over $500 and gained value from your exchange. [NOTE: Consult your tax professionals at the appropriate time. Some gurus feel the exchange will be handled at ordinary income.]
5-2-2022 Intel Guru MarkZ [via PDK] Article: ”Al Kazemi’s advisor announces the Ministry of Finance‘s completion of the 2022 Budget” This is expected to go into effect on May 7th. Unless we get news stating otherwise …I think this is fantastic. So what do we have over the last week … Iraq is ISO compliant, a completed budget and we are also hearing they will have a completed government starting on May 7th. So we have a lot to look forward to over the coming days .
5-2-2022 Newshound Guru Kaperoni [Response to Guru Walkingstick 4-30-2022] ...Guru Walkingstick thinks Iraq has been destroying 25k notes. They may have been but it would have only been on a replacement basis which is the central bank's responsibility. Implying that they are reducing the money supply is nonsense. It is a known fact that the money supply has been increasing over the last year-and-a-half as a result of the reduction in exchange rate. It is now over 100 trillion dinar in circulation...
5-2-2022 Intel Guru Fleming Venezuela and Iraq have both fulfilled the ISO 20022 requirements and agree to participate in world trade with ISO 20022 compatible digital currency. A State-Backed, Asset-backed CBDC. This is the completion of the list of “first basket” countries we’ve been waiting for. According to...Military contacts, this is all we’ve been waiting for.
5-2-2022 Intel Guru MarkZ [via PDK] [Where will we exchange in the UK?] I am told HSBC is in charge of yours. And they will use bank locations with spare offices. They will not share those addresses until the event occurs. I am told you will have to sign an electronic NDA before they will tell you where. They don’t want locations leaked for security reasons.
5-1-2022 Newshound Guru Kaperoni Current Prime Minister Al-Kazemi said yesterday when asked about the exchange rate of the dinar... "We do not have the magic wand to change reality in one fell swoop, but we have laid the foundations of normal life." That should be enough to tell people there is no RV!
5-1-2022 Intel Guru MarkZ [via PDK] “Al Kazemis advisors set conditions for deposit of the financial surplus in a sovereign fund.” In other words if they don’t have things set up for the 7th …they are going to put all this surplus in a special fund so they can address poverty. They are really moving forward right now. So on the 7th of May…looks like a lot of big things happening. Looks like we will have a President and a budget. Buckle up kids…It’s getting fun. [post 2 of 2]
5-1-2022 Intel Guru MarkZ [via PDK] Getting a lot of chatter out of Iraq…some important ones…they are talking May 7th they are going to seat the new president. And Al Kazemis advisor announces the ministry of finances completion of the 2022 budget. That is a big one. The technical advisor to the Prime Minister announced on Saturday evening the completion of the federal budget for the year 2022...The food security law is not a substitute for the budget...in other words they are moving forward with the full budget because they need to address runaway inflation and tripling of food costs. This is big guys… then we see... [post 1 of 2....stay tuned]
5-1-2022 Newshound Guru Pimpy If the dinar is at $1 for 1450 dinars buys you let's say...an apple, then all of a sudden the value of the dinar changes to $3.22 cents USD...the apple should not still be 1450 dinars...it would probably be .25 dinar or something like that... [Post 2 of 2]
5-1-2022 Newshound Guru Pimpy Question: "If the price of goods [inside Iraq] are technically the same after the revalue there really is no benefit to anyone [Iraqi people]?" Whoever owns the store, whoever owns the goods...they should have made the adjustment. They [the prices] shouldn't stay the same. That's where people in country are gonna notice a huge change in value. When your cost of goods, services and supplies change...especially one in which your purchasing power increased by 4069%... [Post 1 of 2....stay tuned]
5-1-2022 Newshound/Intel Guru Walkingstick Question: "Wouldn't it make more sense for them to come out at $3 or $4 to 1 right off the bat instead of a $1.50 or $2.00 since their economy is way better than it's been since 1970?" Well no because you have to factor in the REER [Real effective exchange rate]...
5-1-2022 Newshound/Intel Guru Mnt Goat Article: "ALLIANCE FOR THE PEOPLE ANNOUNCES THE SUBMISSION OF A REQUEST TO HOLD A SESSION FOR THE ELECTION OF THE PRESIDENT OF THE REPUBLIC" Quote: "...includes collecting signatures to hold a session on Saturday, May 7th the next step is to come up with a political solution to complete the parliamentary committees and pass the budget law...." Wow!!!! I did not know they wanted to also pass the budget law on May 7th as well and vote on the new president. This is a BIG day for Iraq.
5-1-2022 Intel Guru MarkZ [via PDK] “Al Kazemis advisors set conditions for deposit of the financial surplus in a sovereign fund.” In other words if they don’t have things set up for the 7th …they are going to put all this surplus in a special fund so they can address poverty. They are really moving forward right now. So on the 7th of May…looks like a lot of big things happening. Looks like we will have a President and a budget. Buckle up kids…It’s getting fun. [post 2 of 2]
5-1-2022 Intel Guru MarkZ [via PDK] Getting a lot of chatter out of Iraq…some important ones…they are talking May 7th they are going to seat the new president. And Al Kazemis advisor announces the ministry of finances completion of the 2022 budget. That is a big one. The technical advisor to the Prime Minister announced on Saturday evening the completion of the federal budget for the year 2022...The food security law is not a substitute for the budget...in other words they are moving forward with the full budget because they need to address runaway inflation and tripling of food costs. This is big guys… then we see... [post 1 of 2....stay tuned]
5-1-2022 Newshound Guru Pimpy If the dinar is at $1 for 1450 dinars buys you let's say...an apple, then all of a sudden the value of the dinar changes to $3.22 cents USD...the apple should not still be 1450 dinars...it would probably be .25 dinar or something like that... [Post 2 of 2]
5-1-2022 Newshound Guru Pimpy Question: "If the price of goods [inside Iraq] are technically the same after the revalue there really is no benefit to anyone [Iraqi people]?" Whoever owns the store, whoever owns the goods...they should have made the adjustment. They [the prices] shouldn't stay the same. That's where people in country are gonna notice a huge change in value. When your cost of goods, services and supplies change...especially one in which your purchasing power increased by 4069%... [Post 1 of 2....stay tuned]
5-1-2022 Newshound/Intel Guru Walkingstick Question: "Wouldn't it make more sense for them to come out at $3 or $4 to 1 right off the bat instead of a $1.50 or $2.00 since their economy is way better than it's been since 1970?" Well no because you have to factor in the REER [Real effective exchange rate]...
5-1-2022 Newshound/Intel Guru Mnt Goat Article: "ALLIANCE FOR THE PEOPLE ANNOUNCES THE SUBMISSION OF A REQUEST TO HOLD A SESSION FOR THE ELECTION OF THE PRESIDENT OF THE REPUBLIC" Quote: "...includes collecting signatures to hold a session on Saturday, May 7th the next step is to come up with a political solution to complete the parliamentary committees and pass the budget law...." Wow!!!! I did not know they wanted to also pass the budget law on May 7th as well and vote on the new president. This is a BIG day for Iraq.
4-30-2022 Intel Guru sheila [QFS??? Instant moving money in seconds vs days?] yep [u think this is one of the things we are waiting for?] Yes, part of supporting ISO 20022 compliance. My opinion only. ISO20022 is a driving force for financial, banking standards.
4-30-2022 Intel Guru MarkZ [via PDK] There was one very big piece of news...from Iraq . Iraq is now certified under ISO. So for all you folks talking about the ISO 20022 stuff…there you go. I know there has been a lot of chatter...about this …about how this could be a necessary piece...Well Iraq is now ready and everyone can quit worrying about Iraq on this one.
4-30-2022 Newshound/Intel Guru Walkingstick Question "When they start calling in the IQD three zeros will they start with higher denominations or the lower ones?" Higher. 25K notes. They have been doing that for years. They have destroyed million in 25K notes...
4-30-2022 Newshound Guru Pimpy They'll tell you how much is going to be deposited into your account. Give them the thumbs up. You're done. That's you and your bank. Now what happens is that bank - your local branch then does what? ...they send that currency over to the federal reserve. Or if they have enough people coming in buying Iraqi dinars, they might hold on to it and then use it because people are purchasing Iraq dinar. But if they have a large surplus of Iraqi dinar then they'll send it back over to the federal reserve...the Federal Reserve will either keep it on their book ad build up their foreign reserves [or send it to Iraq]... [Post 2 of 2]
4-30-2022 Newshound Guru Pimpy When the rate change happens, for the sake of this just to keep it simplistic, let's say lo and behold the next day it's $3.22. We're not all gonna pack our bags, get in our cars, jump on our boats, jump on a plane run to Iraq and exchange it. We don't exchange with the Iraqi banks. We exchange with our banks. Whatever country you're in if you have a bank that now has removed the restrictions off of the Iraqi dinar and they have acknowledged the rate of $3.22 you just walk on down there to your bank, show them the dinar, they'll verify it before they even deposit it. [Post 1 of 2....stay tuned]
4-30-2022 Intel Guru MarkZ [via PDK] Even though the news has been very quiet there is no changes in expectations. I am still hearing around the 7th through the 10th because if Iraq wraps things between the 3rd to the 7th….it gives them a 3 day window.
4-30-2022 Newshound Guru Kaperoni Guru Mtn Goat...says Iraq will not LOP...But of course that is exactly what the symposium's are educating the citizens about...a currency exchange neutral event. I hope they don't, but the only option is to improve the economy and create a private sector. This would allow the currency to appreciate gradually over time. Unless they build there economy they may have no choice but to LOP.
4-30-2022 Intel Guru Bruce [via WiserNow] we’re hearing that we will have our tier 4A & 4B group exchanges initialized a couple days prior to the 5th - well that would be the 3rd of May...So that is our window and it looks like they are going to hit this either the 3rd or 4th of May – which is Tuesday and Wednesday – of next week...Realistically…we’re looking golden for next week - Tuesday – Wednesday – Thursday - 3rd 4th 5th...This is going to be an incredible week for us...
4-30-2022 Intel Guru MarkZ [via PDK] There was one very big piece of news...from Iraq . Iraq is now certified under ISO. So for all you folks talking about the ISO 20022 stuff…there you go. I know there has been a lot of chatter...about this …about how this could be a necessary piece...Well Iraq is now ready and everyone can quit worrying about Iraq on this one.
4-30-2022 Newshound/Intel Guru Walkingstick Question "When they start calling in the IQD three zeros will they start with higher denominations or the lower ones?" Higher. 25K notes. They have been doing that for years. They have destroyed million in 25K notes...
4-30-2022 Newshound Guru Pimpy They'll tell you how much is going to be deposited into your account. Give them the thumbs up. You're done. That's you and your bank. Now what happens is that bank - your local branch then does what? ...they send that currency over to the federal reserve. Or if they have enough people coming in buying Iraqi dinars, they might hold on to it and then use it because people are purchasing Iraq dinar. But if they have a large surplus of Iraqi dinar then they'll send it back over to the federal reserve...the Federal Reserve will either keep it on their book ad build up their foreign reserves [or send it to Iraq]... [Post 2 of 2]
4-30-2022 Newshound Guru Pimpy When the rate change happens, for the sake of this just to keep it simplistic, let's say lo and behold the next day it's $3.22. We're not all gonna pack our bags, get in our cars, jump on our boats, jump on a plane run to Iraq and exchange it. We don't exchange with the Iraqi banks. We exchange with our banks. Whatever country you're in if you have a bank that now has removed the restrictions off of the Iraqi dinar and they have acknowledged the rate of $3.22 you just walk on down there to your bank, show them the dinar, they'll verify it before they even deposit it. [Post 1 of 2....stay tuned]
4-30-2022 Intel Guru MarkZ [via PDK] Even though the news has been very quiet there is no changes in expectations. I am still hearing around the 7th through the 10th because if Iraq wraps things between the 3rd to the 7th….it gives them a 3 day window.
4-30-2022 Newshound Guru Kaperoni Guru Mtn Goat...says Iraq will not LOP...But of course that is exactly what the symposium's are educating the citizens about...a currency exchange neutral event. I hope they don't, but the only option is to improve the economy and create a private sector. This would allow the currency to appreciate gradually over time. Unless they build there economy they may have no choice but to LOP.
4-30-2022 Intel Guru Bruce [via WiserNow] we’re hearing that we will have our tier 4A & 4B group exchanges initialized a couple days prior to the 5th - well that would be the 3rd of May...So that is our window and it looks like they are going to hit this either the 3rd or 4th of May – which is Tuesday and Wednesday – of next week...Realistically…we’re looking golden for next week - Tuesday – Wednesday – Thursday - 3rd 4th 5th...This is going to be an incredible week for us...
4-29-2022 Intel Guru MarkZ ... Its just very quiet and I think everyone is waiting for the “trigger”
4-29-2022 Newshound/Intel Guru Mnt Goat Trust me folks they are not going to lop. Of course they have to destroy the older three zero notes. There is way too much of them to keep for inter-banking transactions, as they said they would do after the reinstatement. I keep telling everyone that the project to delete the zeros will NOT raise the rate (no RV). The rate only changes when they re-peg the dinar to the new IMF basket and reinstate and float it...Thus, the ones we hold are going to be burned and destroyed once exchanged...
4-29-2022 Intel Guru Frank26 Question: "It was said that the CBI would give at least 10 years to exchange is that still hold true?" The CBI will give you ample time IMO at least a year or more...I think they'll give you plenty of time. That's the least of your worries...
4-29-2022 Newshound/Intel Guru Walkingstick Question: "It was said that the CBI would give at least 10 years to exchange is that still hold true?" WOW I NEVER HEARD THAT...I DON'T KNOW WHAT TO SAY BUT ONCE THE NEW EXCHANGE RATE AND THE CURRENCY IS RELEASED THOSE GUIDELINES WILL BE RELEASED.
4-29-2022 Intel Guru MarkZ [via PDK] [I read that Kuwait and Iraq have agreement to be within .25 cents when they come out…from back in the Dr. Shabibi days...I think Kuwait is about $3.20 or so right now…] Yes…they did that on purpose so they would not create instability in the region…they share a number of oil fields…Also, because of the port situation in Iraq and Kuwait… They want to be very close on currency values. So this should tell you what rate to expect for the minimum in Iraq.
4-29-2022 Newshound Guru Pimpy People are blown away by how much dinar I have. I don't have as much as people think I have. I have 5 million dinars. That's it. People are like, 'Why don't you have more? Don't you have any faith in it?' Oh, no that's not the problem...what people are banking on is an RI or an RV and I don't think that's going to happen. Of course I could be wrong. I think that currency is going to go up pretty quickly though...it's going to go up in stages is what I think. How long that's going to take I don't know...the average dinar holder has 250,000 dinars...
4-29-2022 Newshound Guru Kaperoni Two articles today from Iraq... The first article is talking about deleting zeros which is a LOP. Not what we want to see happen. The second article is from an economist who wants the central bank to forget about deleting zeros and simply improve the economy allowing the currency to rise as a result. This is the best solution.
4-29-2022 Intel Guru Fleming Parliament agreed with the Ministers to launch the ISO 20022, at a rate of $3.22 USD TO 1 IQD. The Parliament also said if this RV is not completed by the end of this month of April, 2022, then nothing can happen until the end of May...
4-29-2022 Newshound/Intel Guru Mnt Goat Trust me folks they are not going to lop. Of course they have to destroy the older three zero notes. There is way too much of them to keep for inter-banking transactions, as they said they would do after the reinstatement. I keep telling everyone that the project to delete the zeros will NOT raise the rate (no RV). The rate only changes when they re-peg the dinar to the new IMF basket and reinstate and float it...Thus, the ones we hold are going to be burned and destroyed once exchanged...
4-29-2022 Intel Guru Frank26 Question: "It was said that the CBI would give at least 10 years to exchange is that still hold true?" The CBI will give you ample time IMO at least a year or more...I think they'll give you plenty of time. That's the least of your worries...
4-29-2022 Newshound/Intel Guru Walkingstick Question: "It was said that the CBI would give at least 10 years to exchange is that still hold true?" WOW I NEVER HEARD THAT...I DON'T KNOW WHAT TO SAY BUT ONCE THE NEW EXCHANGE RATE AND THE CURRENCY IS RELEASED THOSE GUIDELINES WILL BE RELEASED.
4-29-2022 Intel Guru MarkZ [via PDK] [I read that Kuwait and Iraq have agreement to be within .25 cents when they come out…from back in the Dr. Shabibi days...I think Kuwait is about $3.20 or so right now…] Yes…they did that on purpose so they would not create instability in the region…they share a number of oil fields…Also, because of the port situation in Iraq and Kuwait… They want to be very close on currency values. So this should tell you what rate to expect for the minimum in Iraq.
4-29-2022 Newshound Guru Pimpy People are blown away by how much dinar I have. I don't have as much as people think I have. I have 5 million dinars. That's it. People are like, 'Why don't you have more? Don't you have any faith in it?' Oh, no that's not the problem...what people are banking on is an RI or an RV and I don't think that's going to happen. Of course I could be wrong. I think that currency is going to go up pretty quickly though...it's going to go up in stages is what I think. How long that's going to take I don't know...the average dinar holder has 250,000 dinars...
4-29-2022 Newshound Guru Kaperoni Two articles today from Iraq... The first article is talking about deleting zeros which is a LOP. Not what we want to see happen. The second article is from an economist who wants the central bank to forget about deleting zeros and simply improve the economy allowing the currency to rise as a result. This is the best solution.
4-29-2022 Intel Guru Fleming Parliament agreed with the Ministers to launch the ISO 20022, at a rate of $3.22 USD TO 1 IQD. The Parliament also said if this RV is not completed by the end of this month of April, 2022, then nothing can happen until the end of May...
4-28-2022 Intel Guru MarkZ [via PDK] Article: "The Iraqi government has confirmed that the Eid-Al Fitr will begin on Sunday the 1st of May and end on Thursday the 5th of May”…. I am still hearing this is the target. And within 3 days or so at the end of this holiday is when they expect to have a new value on the dinar...That is what I am being told from inside the sandbox..say around the 8th to the 10th… This would fit with dates our military contacts have been telling us for the month of May. I am hopeful this is it.
4-28-2022 Newshound/Intel Guru Mnt Goat ...we are in a VERY GOOD position to see this reinstatement before the end of the summer if not much sooner. So hang in there...
4-28-2022 Newshound Guru Kaperoni Question: "if Iraq floats the dinar, and hyperinflation devalues the dollar, will that not force the dinar upward in value." If the dinar floats it'll have nothing to do with the dollar and its value will be determined by market forces. There is talk of pegging it to a basket of currencies from the Middle East which also may be possible. Either or would have nothing to do with the dollar. Currently, the dinar is pegged to the dollar only to provide stability under the conditions in Iraq.
4-28-2022 Newshound/Intel Guru Walkingstick Question "Will the budget and the white papers be launched this year?" That's the plan.
4-28-2022 Intel Guru MarkZ [via PDK] I know its frustrating…I don’t control the timing…All I can do is tell you what I am hearing and share what I am hearing…other than a little chatter out of Iraq it is still very quiet. Article “The Iraqi Parliament is in the process of issuing a resolution obligating the government to submit the financial budget” This is big news from Iraq. And this is almost a verbatim article that we saw coming out of Kuwait before they RV’d almost 22 years ago…on the morning that they RV’d…Article “Is it time to delete zeros” an economist commented. To me this is a fantastic piece of smoke…It is coming…
4-28-2022
Intel Guru Frank26 Article: "The rise in oil covers the budget deficit.. Good news from officials: Returning the dollar exchange rate to its previous" THEY ARE EXPECTING A CHANGE IN THE EXCHANGE RATE.
4-28-2022 Newshound Guru Pimpy Question: "Is it not too late to buy dinar? I really need a house or a place to rent on my own. I don't make much and I'm looking for a miracle." People are still buying the dinar but here's the issue with everything that's going on. It's hard to judge when the rate change is going to happen. If you're listening to other people out there right now they're promising you a rate change of $3.22 or that it's gonna happen next week...you hear all this stuff so be careful...make sure that you just buy with whatever discretionary funds you have...
4-28-2022 Intel Guru MarkZ [via PDK] ...we know this is inevitable... Like Voltaire said “Fiat currency always returns to its intrinsic value of zero.”...So when we win…We are going to win big.
4-28-2022 Newshound/Intel Guru Mnt Goat ...we are in a VERY GOOD position to see this reinstatement before the end of the summer if not much sooner. So hang in there...
4-28-2022 Newshound Guru Kaperoni Question: "if Iraq floats the dinar, and hyperinflation devalues the dollar, will that not force the dinar upward in value." If the dinar floats it'll have nothing to do with the dollar and its value will be determined by market forces. There is talk of pegging it to a basket of currencies from the Middle East which also may be possible. Either or would have nothing to do with the dollar. Currently, the dinar is pegged to the dollar only to provide stability under the conditions in Iraq.
4-28-2022 Newshound/Intel Guru Walkingstick Question "Will the budget and the white papers be launched this year?" That's the plan.
4-28-2022 Intel Guru MarkZ [via PDK] I know its frustrating…I don’t control the timing…All I can do is tell you what I am hearing and share what I am hearing…other than a little chatter out of Iraq it is still very quiet. Article “The Iraqi Parliament is in the process of issuing a resolution obligating the government to submit the financial budget” This is big news from Iraq. And this is almost a verbatim article that we saw coming out of Kuwait before they RV’d almost 22 years ago…on the morning that they RV’d…Article “Is it time to delete zeros” an economist commented. To me this is a fantastic piece of smoke…It is coming…
4-28-2022
Intel Guru Frank26 Article: "The rise in oil covers the budget deficit.. Good news from officials: Returning the dollar exchange rate to its previous" THEY ARE EXPECTING A CHANGE IN THE EXCHANGE RATE.
4-28-2022 Newshound Guru Pimpy Question: "Is it not too late to buy dinar? I really need a house or a place to rent on my own. I don't make much and I'm looking for a miracle." People are still buying the dinar but here's the issue with everything that's going on. It's hard to judge when the rate change is going to happen. If you're listening to other people out there right now they're promising you a rate change of $3.22 or that it's gonna happen next week...you hear all this stuff so be careful...make sure that you just buy with whatever discretionary funds you have...
4-28-2022 Intel Guru MarkZ [via PDK] ...we know this is inevitable... Like Voltaire said “Fiat currency always returns to its intrinsic value of zero.”...So when we win…We are going to win big.
4-27-2022 Intel Guru Bruce [via WiserNow] I'm not sure that we’re going to get started before the end of the month – and I hate saying that...I’m just not convinced by what we have heard today that its necessarily ready to go quite “yet”...but I believe that Iraq will do what they are supposed to do and get this thing done...I am feeling like we are taking this ride one day at a time...every time we think we’re getting ready to go – oops- there’s one more thing...I’m not sure we are going to see it before May...we’ll see – we just don’t know – this thing has a way it could turn around and sneak up on us and bite us – so be open to it...
4-27-2022 Newshound Guru Godlover Article "Parliamentary Finance: Completion of 90% of the sections of the Food Security Law". We do not want to see this law passed, at least not without the general budget...
4-27-2022 Newshound Guru Pimpy People ask me do I have any concerns whatsoever about the Iraqi dinar...if they can't get their crap together let's be honest, the rate is never going to change...but one of the thing that I am keeping an eye on that's bothering me is the fact that Iraq is in a huge rush to launch their version of the central bank digital currency because I'm curious how that's going to affect us who are holding on to the paper version of the Iraq dinar, the IQD. I'm digging into that. Once I get that information I will share with you...We're going to see Iraq grow. They're doing it by leaps and bounds. Look how far they come just since Al-Kazemi took over...
4-27-2022 Newshound/Intel Guru Mnt Goat With the dinar at 1/6 of a penny and people screaming for currency reform…how can they hold off any longer in fixing the dinar to a nominal rate to reflect the true value? Iraq needs to get off the de’ facto peg to the US dollar. It is causing issues and we now see it...What oil could reach $130 a barrel yet Iraq dinar sits at 1/6 of a penny? All the news for months about the Iraqi economy has been very good and encouraging...there is not much more to tell. I rest my case…
4-27-2022 Intel Guru MarkZ [via PDK] It is very quiet out of the middle east. Quiet out of Asia banking today...I think this is the quiet before the release. There really is so much happening on the disclosure front.
4-27-2022 Newshound/Intel Guru Walkingstick Question: "Are all the meetings with the WB, IMF completed and are agreements in place?" THEY ARE BUT ...THE SITUATION GLOBALLY IS CHANGING DAILY. WHAT WAS SET IN PLACE WAS FOR THEM TO COME OUT ON PAR WITH USD AND BACKED BY THE USD. BUT EVENTS OVER THE LAST YEAR PLUS HAS IRAQ ALONG WITH MANY OTHER COUNTRIES RETHINKING THE USD BACKED CURRENCY. TALKS NOW WITH IRAQ AND A NUMBER OF OTHER COUNTRIES RECALCULATING THEIR EXCHANGE RATE FACTORING IN EXCHANGE RATE...BACKED BY A BASKET OF CURRENCIES OR ANOTHER FOREIGN CURRENCY WITH THE UNDERSTANDING MANY COUNTRIES ARE NOW GUN SHY OF BACKING THEIR CURRENCY ON PAR WITH THE USD.
4-27-2022 Intel Guru Frank26 Article: "Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt" VICTORY FOR THE MONETARY REFORM!
4-27-2022 Newshound Guru Samson Article: "The highest since its establishment.. Central Bank of Iraq assets (in numbers)" "Quote: " the value of the Central Bank's assets is the highest since its establishment, which gives reassurance to the situation and stability of the Iraqi currency during the coming period, which is expected to witness further increases in the Central Bank's assets as a result of the rise in oil sales revenues..."
4-27-2022 Intel Guru MarkZ [via PDK] [Please explain why the white papers are important?] The white papers are the financial reforms in Iraq. In these is the new budget, food security, and lots of things including the new rate for the Iraqi dinar. In these papers they are creating a platform for them to have an asset backed currency with a higher value. …That is why the implementation of the white papers are important...
4-27-2022 Intel Guru Fleming According to the CBI contact...the WTO is hot after the Central Bank of Iraq to finally sign off for the ISO 20022 certification to be implemented... They have to acknowledge compliance and acceptance, to get started right away. If...still lagging behind by the end of the month, then starting May 1st the revaluation commences with or without them. Contractors in Iraq are presently being paid at the revalued rate of 1:1 (one Iraq dinar to one US dollar). How long will they allow this to continue?
4-27-2022 Newshound Guru Godlover Article "Parliamentary Finance: Completion of 90% of the sections of the Food Security Law". We do not want to see this law passed, at least not without the general budget...
4-27-2022 Newshound Guru Pimpy People ask me do I have any concerns whatsoever about the Iraqi dinar...if they can't get their crap together let's be honest, the rate is never going to change...but one of the thing that I am keeping an eye on that's bothering me is the fact that Iraq is in a huge rush to launch their version of the central bank digital currency because I'm curious how that's going to affect us who are holding on to the paper version of the Iraq dinar, the IQD. I'm digging into that. Once I get that information I will share with you...We're going to see Iraq grow. They're doing it by leaps and bounds. Look how far they come just since Al-Kazemi took over...
4-27-2022 Newshound/Intel Guru Mnt Goat With the dinar at 1/6 of a penny and people screaming for currency reform…how can they hold off any longer in fixing the dinar to a nominal rate to reflect the true value? Iraq needs to get off the de’ facto peg to the US dollar. It is causing issues and we now see it...What oil could reach $130 a barrel yet Iraq dinar sits at 1/6 of a penny? All the news for months about the Iraqi economy has been very good and encouraging...there is not much more to tell. I rest my case…
4-27-2022 Intel Guru MarkZ [via PDK] It is very quiet out of the middle east. Quiet out of Asia banking today...I think this is the quiet before the release. There really is so much happening on the disclosure front.
4-27-2022 Newshound/Intel Guru Walkingstick Question: "Are all the meetings with the WB, IMF completed and are agreements in place?" THEY ARE BUT ...THE SITUATION GLOBALLY IS CHANGING DAILY. WHAT WAS SET IN PLACE WAS FOR THEM TO COME OUT ON PAR WITH USD AND BACKED BY THE USD. BUT EVENTS OVER THE LAST YEAR PLUS HAS IRAQ ALONG WITH MANY OTHER COUNTRIES RETHINKING THE USD BACKED CURRENCY. TALKS NOW WITH IRAQ AND A NUMBER OF OTHER COUNTRIES RECALCULATING THEIR EXCHANGE RATE FACTORING IN EXCHANGE RATE...BACKED BY A BASKET OF CURRENCIES OR ANOTHER FOREIGN CURRENCY WITH THE UNDERSTANDING MANY COUNTRIES ARE NOW GUN SHY OF BACKING THEIR CURRENCY ON PAR WITH THE USD.
4-27-2022 Intel Guru Frank26 Article: "Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt" VICTORY FOR THE MONETARY REFORM!
4-27-2022 Newshound Guru Samson Article: "The highest since its establishment.. Central Bank of Iraq assets (in numbers)" "Quote: " the value of the Central Bank's assets is the highest since its establishment, which gives reassurance to the situation and stability of the Iraqi currency during the coming period, which is expected to witness further increases in the Central Bank's assets as a result of the rise in oil sales revenues..."
4-27-2022 Intel Guru MarkZ [via PDK] [Please explain why the white papers are important?] The white papers are the financial reforms in Iraq. In these is the new budget, food security, and lots of things including the new rate for the Iraqi dinar. In these papers they are creating a platform for them to have an asset backed currency with a higher value. …That is why the implementation of the white papers are important...
4-27-2022 Intel Guru Fleming According to the CBI contact...the WTO is hot after the Central Bank of Iraq to finally sign off for the ISO 20022 certification to be implemented... They have to acknowledge compliance and acceptance, to get started right away. If...still lagging behind by the end of the month, then starting May 1st the revaluation commences with or without them. Contractors in Iraq are presently being paid at the revalued rate of 1:1 (one Iraq dinar to one US dollar). How long will they allow this to continue?
4-26-2022 Intel Guru MarkZ [via PDK] The chatter today has been fantastic... I think the 2nd through the 7th is going to be enormous... [we have had more news in the last 4 months from Iraq then the whole last 14 years for me…] Yes we have…This afternoon news came out… 1. they talk about not needing the government sat and 2. Since the power to RV has been given to the CBI…they could just go ahead and dissolve this government...and move to a new style of government. The key point today is they need to move forward with their white papers. I am tracking down many rumors already of a 1 to 1 rate for contractors.
4-26-2022 Newshound/Intel Guru Mnt Goat ...I am still being told my the CBI that when the govt is completed and stable Iraq will complete the project to delete the zeros and then we know what comes next. So be patient...
4-26-2022 Newshound Guru Pimpy I've said this time and time again some of the biggest problems we have with the Iraqi dinar changing in value is the fact that the government is not stable. It's filled with corruption, we have to be careful about civil unrest...we gotta make sure that Iran keeps their two cents out of the country, we gotta make sure the US keeps their two cents out of the country...
4-26-2022 Newshound Guru Kaperoni The dinar value is determined by the central bank and is based on Iraq's GDP, currency in circulation and reserves...Until Iraq meets and accepts the conditions of IMF Article 8 most financial institutions will not do transactions in dinar. More or less Article 8 is an indication that their financial system meets international compliance...Iraq can engage with any country or banking system throughout the world if they wanted to now. But most do not because Iraq is still in Article 14 which is in essence a developmental stage.
4-26-2022 Intel Guru MarkZ [via PDK] I had an interesting call with a military contact this morning first thing... They are looking for the implosion of the sitting government within a very short time…and they are expecting that to be the trigger...It came from more than one source…my military contacts think the implosion and the reset will be in the month of May. I am encouraged after my calls this morning...I’m not ruling out it could happen before…i was just telling you what contacts in the military are saying.
4-26-2022 Intel Guru Frank26 Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" FINANCIAL SITUATION IS VERY GOOD BECAUSE THE MONETARY REFORM IS VERY GOOD...NOTICE FINANCE COMMITTEE GOES TO WASHINGTON DC LAST WEEK THEN THE IMF/WB GO TO BAGHDAD.
4-26-2022 Newshound/Intel Guru Walkingstick Question: "We know that the RI requires a seated or recognized GOI. But, will it also [need] the passage of new laws and the budget by Parliament?" THE READING OF THE BUDGET AND NEW EX RATE IS LAW IT'S A LINE ITEM IN THE BUDGET. BUT...PARLIAMENT DOES NOT DICTATE CBI LAW THE CBI AND THE EXCHANGE RATE CAN BE CHANGED AT ANY TIME BY THE CBI ON BEHALF OF THE CBI.
4-26-2022 Intel Guru MarkZ [via PDK] ...there is a lot of misinformation being put out…they want you to throw in the towel, give up and walk away…Don’t do it…. I know the ups and downs are tough…but this is a “when” not an “if”.
4-26-2022 Newshound Guru Pimpy The more I read about what's going on in Iraq regarding the politics, the economy, the development, the stabilization, the little baby right here [New born foal wobbling to stand for first time] reminds me exactly where Iraq is. They're almost there just like a newborn. They're getting on their feet but it's a little shaky...it just seems like we're right at that doorstep...a little wobbly - at least they're upright...
4-26-2022 Newshound/Intel Guru Mnt Goat ...I am still being told my the CBI that when the govt is completed and stable Iraq will complete the project to delete the zeros and then we know what comes next. So be patient...
4-26-2022 Newshound Guru Pimpy I've said this time and time again some of the biggest problems we have with the Iraqi dinar changing in value is the fact that the government is not stable. It's filled with corruption, we have to be careful about civil unrest...we gotta make sure that Iran keeps their two cents out of the country, we gotta make sure the US keeps their two cents out of the country...
4-26-2022 Newshound Guru Kaperoni The dinar value is determined by the central bank and is based on Iraq's GDP, currency in circulation and reserves...Until Iraq meets and accepts the conditions of IMF Article 8 most financial institutions will not do transactions in dinar. More or less Article 8 is an indication that their financial system meets international compliance...Iraq can engage with any country or banking system throughout the world if they wanted to now. But most do not because Iraq is still in Article 14 which is in essence a developmental stage.
4-26-2022 Intel Guru MarkZ [via PDK] I had an interesting call with a military contact this morning first thing... They are looking for the implosion of the sitting government within a very short time…and they are expecting that to be the trigger...It came from more than one source…my military contacts think the implosion and the reset will be in the month of May. I am encouraged after my calls this morning...I’m not ruling out it could happen before…i was just telling you what contacts in the military are saying.
4-26-2022 Intel Guru Frank26 Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" FINANCIAL SITUATION IS VERY GOOD BECAUSE THE MONETARY REFORM IS VERY GOOD...NOTICE FINANCE COMMITTEE GOES TO WASHINGTON DC LAST WEEK THEN THE IMF/WB GO TO BAGHDAD.
4-26-2022 Newshound/Intel Guru Walkingstick Question: "We know that the RI requires a seated or recognized GOI. But, will it also [need] the passage of new laws and the budget by Parliament?" THE READING OF THE BUDGET AND NEW EX RATE IS LAW IT'S A LINE ITEM IN THE BUDGET. BUT...PARLIAMENT DOES NOT DICTATE CBI LAW THE CBI AND THE EXCHANGE RATE CAN BE CHANGED AT ANY TIME BY THE CBI ON BEHALF OF THE CBI.
4-26-2022 Intel Guru MarkZ [via PDK] ...there is a lot of misinformation being put out…they want you to throw in the towel, give up and walk away…Don’t do it…. I know the ups and downs are tough…but this is a “when” not an “if”.
4-26-2022 Newshound Guru Pimpy The more I read about what's going on in Iraq regarding the politics, the economy, the development, the stabilization, the little baby right here [New born foal wobbling to stand for first time] reminds me exactly where Iraq is. They're almost there just like a newborn. They're getting on their feet but it's a little shaky...it just seems like we're right at that doorstep...a little wobbly - at least they're upright...
4-25-2022 Intel Guru MarkZ [via PDK] [What is included in the white papers?] All kinds of financial reforms . Also according to those who are close to the project…a new rate for the dinar. I am also told that in those white papers…if the gold treaty is not signed …there is a provision for the NEER (Nominal Effective Exchange rate) ($1.60) to be implemented.
4-25-2022 Newshound/Intel Guru Walkingstick Question: "Once the rate is on Forex do you foresee any issues regarding the exchange at our American banks?" No. Absolutely not.
4-25-2022 Intel Guru MarkZ [via PDK] “Mazhur Muhammad Salih : The central banks balance is 3 times more that the governments external debt” ..for Iraq to say this is absolutely huge. And Salih also says they are ready to move forward with their white papers. They already have a budget pulled together…they just need to approve it and they are sitting on way more money than anticipated… They are clearly showing us they are prepared to go. I am being told it really is a “any minute” thing now as we wait for some kind of trigger. I have also heard to watch between the 2nd to the 7th of May.
4-25-2022 Newshound Guru Militiaman Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" The meetings in DC may have been even more relevant...imo . They talk about not needing any help with...certain projects. The CBI has done a very good job with monetary policy stability...the certain projects they need help with may be the project to delete the zeros...with a very good financial situation the time for them to return to a previous era with the exchange rate looks to be in the process...
4-25-2022 Guru Nader From The Mid East In the next few weeks we keep watching. We hope things gonna happen. We're hoping it's gonna go 1 to 1. 1.20 to 1. But, we don't know yet. We're not sure because every day they say something else and something new, one day yes, one day no. They cannot set a government. They cannot set a president...we are just gonna have to wait and see what's the game. Iraq is doing a lot...Iraq in the next 20-25 years is gonna be better than Dubai or better than Saudi or better than anybody else...
4-25-2022 Intel Guru MarkZ [via PDK] There is some encouraging news. Article from Iraq: “Analysis: Al- Kazemi government will continue its duties until new early elections in 2023.” Don’t panic…this is the backup plan if they cant get a proper government situated…This will not affect the financial reforms…as a matter of fact “Minister of Finance: The financial situation is very good and a upcoming meeting with the IMF and the World Bank is in Baghdad”. Over the past week or so they have met in the US …and the next meetings will be in Iraq. They are talking about the implementation of their “White Papers”. We are expecting our rate change with the white papers. They even discuss their possible timing. There will be meetings in Baghdad after Eid El Fitr to discuss moving forward with the reform process in the white papers.
4-25-2022 Newshound Guru Pimpy Article: "America warns of an obstacle impeding the development of the relationship between Baghdad and Washington" Now the United States is warning Iraq about their current political situation...obviously you got to have an established government. Who do you deal with? Do you deal with the intern government...and try to make deals or do you wait for the new government? This is one of the reasons why we won't see a rate change happen anytime soon...
4-25-2022 Newshound/Intel Guru Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120
THOUSAND IN THE 2022 BUDGET" The CBI does not intend to reduce the exchange rate of the dinar, thus raise the value of the dinar back to the pre-December 2020 rate. Why would they even do this change back to 120 if they already know of a plan to significantly raise the rate (not the value) of the dinar and conduct the project to delete the zeros?... We know the VALUE is already in the dinar only they are suppressing the nominal rate and holding back the reinstatement until they can see a stable government.
4-25-2022 Intel Guru MarkZ [via PDK] [What is the anticipated rate of the Dinar?] I am hearing in country a rate of about $3.91. We should expect between $6-8 on a contract rate with the “Oil For Dinar“ Program…that is what I am hearing...
4-25-2022 Newshound/Intel Guru Walkingstick Question: "Once the rate is on Forex do you foresee any issues regarding the exchange at our American banks?" No. Absolutely not.
4-25-2022 Intel Guru MarkZ [via PDK] “Mazhur Muhammad Salih : The central banks balance is 3 times more that the governments external debt” ..for Iraq to say this is absolutely huge. And Salih also says they are ready to move forward with their white papers. They already have a budget pulled together…they just need to approve it and they are sitting on way more money than anticipated… They are clearly showing us they are prepared to go. I am being told it really is a “any minute” thing now as we wait for some kind of trigger. I have also heard to watch between the 2nd to the 7th of May.
4-25-2022 Newshound Guru Militiaman Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" The meetings in DC may have been even more relevant...imo . They talk about not needing any help with...certain projects. The CBI has done a very good job with monetary policy stability...the certain projects they need help with may be the project to delete the zeros...with a very good financial situation the time for them to return to a previous era with the exchange rate looks to be in the process...
4-25-2022 Guru Nader From The Mid East In the next few weeks we keep watching. We hope things gonna happen. We're hoping it's gonna go 1 to 1. 1.20 to 1. But, we don't know yet. We're not sure because every day they say something else and something new, one day yes, one day no. They cannot set a government. They cannot set a president...we are just gonna have to wait and see what's the game. Iraq is doing a lot...Iraq in the next 20-25 years is gonna be better than Dubai or better than Saudi or better than anybody else...
4-25-2022 Intel Guru MarkZ [via PDK] There is some encouraging news. Article from Iraq: “Analysis: Al- Kazemi government will continue its duties until new early elections in 2023.” Don’t panic…this is the backup plan if they cant get a proper government situated…This will not affect the financial reforms…as a matter of fact “Minister of Finance: The financial situation is very good and a upcoming meeting with the IMF and the World Bank is in Baghdad”. Over the past week or so they have met in the US …and the next meetings will be in Iraq. They are talking about the implementation of their “White Papers”. We are expecting our rate change with the white papers. They even discuss their possible timing. There will be meetings in Baghdad after Eid El Fitr to discuss moving forward with the reform process in the white papers.
4-25-2022 Newshound Guru Pimpy Article: "America warns of an obstacle impeding the development of the relationship between Baghdad and Washington" Now the United States is warning Iraq about their current political situation...obviously you got to have an established government. Who do you deal with? Do you deal with the intern government...and try to make deals or do you wait for the new government? This is one of the reasons why we won't see a rate change happen anytime soon...
4-25-2022 Newshound/Intel Guru Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120
THOUSAND IN THE 2022 BUDGET" The CBI does not intend to reduce the exchange rate of the dinar, thus raise the value of the dinar back to the pre-December 2020 rate. Why would they even do this change back to 120 if they already know of a plan to significantly raise the rate (not the value) of the dinar and conduct the project to delete the zeros?... We know the VALUE is already in the dinar only they are suppressing the nominal rate and holding back the reinstatement until they can see a stable government.
4-25-2022 Intel Guru MarkZ [via PDK] [What is the anticipated rate of the Dinar?] I am hearing in country a rate of about $3.91. We should expect between $6-8 on a contract rate with the “Oil For Dinar“ Program…that is what I am hearing...
4-24-2022 Newshound/Intel Gurus Walkingstick - Guru Petra Question: "In your opinion how high can the rate go?" No higher than the AAD...right now their goal is to move away from the USD... What is the rate of the AAD right now? 3.1 but it will fluctuate like all currencies daily. Petra - The AAD is = to IMF SDR...which equals $1.36 x 3
4-24-2022 Newshound Guru Samson Article: "Iraq exceeds the Arab countries in the growth rate .. IMF: GDP willreach 9.5%"
4-24-2022 Newshound Guru Sandy Ingram Iraq does not appear to be interested in revaluing their currency over and above the December 2020 rate...of course the IQD will revalue or float one day, however you should be aware that Iraq is moving forward without a revalue...
4-24-2022 Newshound Guru Kaperoni When you search Wikipedia for an explanation of the Balassa-Samuelson effect, it implies that countries with rapidly expanding economies should tend to have a more rapidly appreciating exchange rate. In other words, the appreciation of the Iraqi dinar is solely dependent on the growth of Iraq's economy. There is no RV, there are no shortcuts. [Post 2 of 2]
4-24-2022 Newshound Guru Kaperoni It was stated back in 2013 in the IMF Article IV Consultation with Iraq they need to diversify their economy. Doing so they then can float the dinar allowing it to gradually appreciate over time...Direct from the IMF in 2013..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect..." [Post 1 of 2....stay tuned]
4-24-2022 Newshound Guru Pimpy Somebody is spreading ... what you would call 'nay-say', doubt, stressing people out. I see it all the time in the group, people just go, 'Oh, man the Iraqi dinar is never going to change. It's never going to revalue.'...we know that's not true. December 2020 the Iraqi dinar revalued...it went in the wrong direction. It lost value. [But] That's a revaluation. Don't let people tell you, 'oh, it's not going to revalue.' Because it's a lie...the Iraqi dinar will revalue. It will. So don't listen to what all those people say...
4-24-2022 Newshound Guru Clare Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" GREAT ARTICLE! ...meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad.
4-24-2022 Intel Guru MarkZ [via PDK] [What will the dong rate be?] I was just told that I am wrong and the rate will be higher. I always believed it would be $2.25-$2.30…but several folks told me it may be over $3 or $4 now. I hope they are correct.
4-24-2022 Newshound Guru Samson Article: "Iraq exceeds the Arab countries in the growth rate .. IMF: GDP willreach 9.5%"
4-24-2022 Newshound Guru Sandy Ingram Iraq does not appear to be interested in revaluing their currency over and above the December 2020 rate...of course the IQD will revalue or float one day, however you should be aware that Iraq is moving forward without a revalue...
4-24-2022 Newshound Guru Kaperoni When you search Wikipedia for an explanation of the Balassa-Samuelson effect, it implies that countries with rapidly expanding economies should tend to have a more rapidly appreciating exchange rate. In other words, the appreciation of the Iraqi dinar is solely dependent on the growth of Iraq's economy. There is no RV, there are no shortcuts. [Post 2 of 2]
4-24-2022 Newshound Guru Kaperoni It was stated back in 2013 in the IMF Article IV Consultation with Iraq they need to diversify their economy. Doing so they then can float the dinar allowing it to gradually appreciate over time...Direct from the IMF in 2013..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect..." [Post 1 of 2....stay tuned]
4-24-2022 Newshound Guru Pimpy Somebody is spreading ... what you would call 'nay-say', doubt, stressing people out. I see it all the time in the group, people just go, 'Oh, man the Iraqi dinar is never going to change. It's never going to revalue.'...we know that's not true. December 2020 the Iraqi dinar revalued...it went in the wrong direction. It lost value. [But] That's a revaluation. Don't let people tell you, 'oh, it's not going to revalue.' Because it's a lie...the Iraqi dinar will revalue. It will. So don't listen to what all those people say...
4-24-2022 Newshound Guru Clare Article: "Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad" GREAT ARTICLE! ...meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad.
4-24-2022 Intel Guru MarkZ [via PDK] [What will the dong rate be?] I was just told that I am wrong and the rate will be higher. I always believed it would be $2.25-$2.30…but several folks told me it may be over $3 or $4 now. I hope they are correct.
4-23-2022 Newshound/Intel Guru Mnt Goat ...we have many...articles, from the CBI itself confirming how rich Iraq really is and so why is the dinar not yet reinstated. The country under Dr Shabibi kept the dinar at 1166 for ten years and was ready to reinstate it in 2013. It is now 2022 8.5 years later and so why has the reinstatement on FOREX been delayed so long when they were ready in 2013?
4-23-2023 Intel Guru Walkingstick Question "Could the new small category notes already be introduced to the banks in preparation to be distributed when the rate goes up?" No. The currency is there in the CBI but not in the banks...
4-23-2022 Newshound Guru Kaperoni ...yesterday the Minister of Finance Ali Allawi stated in his speech at the spring meetings of the International Monetary Fund and World Bank in Washington , DC that Iraq needs help to diversify, to change from a rentier economy to a diversified economy. This is the plan. Iraq needs to diversify away from oil to create a private sector. Only with the success of that diversified economy can the dinar go up in value. It will not happen overnight.
4-23-2022 Newshound Guru Pimpy Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Quote 'the foreign reserves of the bank exceeds $70 Billion and a large number that the bank has not seen for years..." Actually decades " Iraq currency possesses an excellent amount of gold as well..." Not to mention they have so much gold over there in the Tigris River that's sitting on the top that could be getting mined...
4-23-2022 Intel Guru MarkZ [via PDK] Article: "Iraq exceeds the Arab countries in the growth rate – IMF: GDP will reach 9.5%” 9.5 % is their golden egg...I think they are ready for their currency change. Positive news coming out of Iraq.
4-23-2022 Newshound Guru Godlover I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell me they expect the general budget not to pass for some time. Side note: I do however expect this new law will coexist with the general budget once passed. [Post 2 of 2]
4-23-2022 Newshound Guru Godlover Community Comment: "From the articles it looks as if all we need is the government. Hopefully Iraq announces very soon that Kazemi...will stay in power so we can move on" I pray this to be true. I do however have some concerns...if Kazemi gets another year will this be the government that releases what we all seek. Another concern is the new food security law...articles seem to imply that the food security law has a mini budget that will be passed prior to the budget passing. As if to give their citizens immediate relief until the budget can get passed. [Post 1 of 2....stay tuned]
4-23-2022 Newshound/Intel Guru Mnt Goat We can already see...al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes our RV.
4-23-2022 Intel Guru MarkZ [via PDK] We were told that at the end there would be a tremendous amount of smoke intermittent with silence to keep us cloudy and confused. That seems to be exactly what we are getting. I think it may stay quiet until we get notices of the RV. Then it will go from zero to 120…just like that…
4-23-2022 Newshound Guru Militiaman "the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item." This reeks of the HCL.. imo … FOOD SECURITY... Comes PURCHASE POWER... They are using the FOOD SECURITY as a cover, imo..
4-23-2023 Intel Guru Walkingstick Question "Could the new small category notes already be introduced to the banks in preparation to be distributed when the rate goes up?" No. The currency is there in the CBI but not in the banks...
4-23-2022 Newshound Guru Kaperoni ...yesterday the Minister of Finance Ali Allawi stated in his speech at the spring meetings of the International Monetary Fund and World Bank in Washington , DC that Iraq needs help to diversify, to change from a rentier economy to a diversified economy. This is the plan. Iraq needs to diversify away from oil to create a private sector. Only with the success of that diversified economy can the dinar go up in value. It will not happen overnight.
4-23-2022 Newshound Guru Pimpy Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Quote 'the foreign reserves of the bank exceeds $70 Billion and a large number that the bank has not seen for years..." Actually decades " Iraq currency possesses an excellent amount of gold as well..." Not to mention they have so much gold over there in the Tigris River that's sitting on the top that could be getting mined...
4-23-2022 Intel Guru MarkZ [via PDK] Article: "Iraq exceeds the Arab countries in the growth rate – IMF: GDP will reach 9.5%” 9.5 % is their golden egg...I think they are ready for their currency change. Positive news coming out of Iraq.
4-23-2022 Newshound Guru Godlover I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell me they expect the general budget not to pass for some time. Side note: I do however expect this new law will coexist with the general budget once passed. [Post 2 of 2]
4-23-2022 Newshound Guru Godlover Community Comment: "From the articles it looks as if all we need is the government. Hopefully Iraq announces very soon that Kazemi...will stay in power so we can move on" I pray this to be true. I do however have some concerns...if Kazemi gets another year will this be the government that releases what we all seek. Another concern is the new food security law...articles seem to imply that the food security law has a mini budget that will be passed prior to the budget passing. As if to give their citizens immediate relief until the budget can get passed. [Post 1 of 2....stay tuned]
4-23-2022 Newshound/Intel Guru Mnt Goat We can already see...al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes our RV.
4-23-2022 Intel Guru MarkZ [via PDK] We were told that at the end there would be a tremendous amount of smoke intermittent with silence to keep us cloudy and confused. That seems to be exactly what we are getting. I think it may stay quiet until we get notices of the RV. Then it will go from zero to 120…just like that…
4-23-2022 Newshound Guru Militiaman "the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item." This reeks of the HCL.. imo … FOOD SECURITY... Comes PURCHASE POWER... They are using the FOOD SECURITY as a cover, imo..
4-22-2022 Intel Guru MarkZ [via PDK] Great article came out of Iraq today. “Minister of Finance: The International community supports Iraq by implementing the white papers, and we do not need financial support”...This is referencing again that everything is fixed…they want to move forward… white papers have fixed a lot of things. Good article today.
4-22-2022 Newshound Guru Kaperoni My personal view is I still believe that Iraq will float the dinar allowing it to gradually appreciate as the economy in Iraq prosperous. Which means it'll be gradually over time and it's going to take a while. I firmly believe only with the success of Iraq's economy can the dinar appreciate in value.
4-22-2022 Intel Guru Bruce [via WiserNow] ...Iraq is going to do their thing finally this weekend – they have been pushed...it appears they are going to do it – my gut is they will do it Sunday... What I’m hearing and this is coming through a Wells Fargo contact by a Treasury representative it’s indicating that we will have – that the RV and GCR - is scheduled to take place this weekend...I’m hearing we’re supposed to get notified over this weekend and if we’re not started over the weekend that we would start exchanges Monday...I think this whole thing is going to come together in a beautiful picture and we’ll be amazed when it does...
4-22-2022 Newshound Guru Pimpy Things are really starting to look good for Iraq in many different ways. If they could just get past this political blockage, get a government formed...stick to the white papers - then I think they're going to do really good. The World Bank and IMF have been making some really strong predictions for Iraq's economy and if they can stick to where they are it's going to be really good for them...Iraq is recovering way faster than they thought. I haven't changed my mind, when Iraqi dinar goes up it's going to go up in increments...
4-22-2022 Newshound Guru Godlover Community comment "the parliament votes on the budget, then send it to the President to be implemented. So far Parliament has not done anything in regards to approving it, it does seem that they have not even received it yet...imo" Yes imo parliament will need to vote on the budget, with or without a new rate prior...Of course, a new government is needed prior to any monetary reform...if Kazemi gets to continue, it needs an official announcement. With that said, this new food security law seems to be an option they are trying to pass with urgency, anticipating the process for a new government seating could take awhile, as well as the budget approval.
4-22-2022 Intel Guru MarkZ [via PDK] My Redemption center contacts will be on call this weekend. They do not know if they will be working or not. It’s been a ping pong game with them…one day they are told to get ready its happening…the next day…stand down…not ready yet. I think this tells us just how close we are that they have everyone ready to jump at a moments notice...This has been a very strange week. Hurry up and wait…There are a lot if indicators for May 2nd to May 7th for a new government in Iraq. There has been more conversations about the NEER [Nominal Effective Exchange Rate]…it is interesting to watch.
4-22-2022 Newshound/Intel Guru Walkingstick Question: "Ukraine - Russia will it effect the monetary reform?" Not at all. Question: "Is the Russian ruble gold backed?" In reality, no.
4-22-2022 Intel Guru Frank26 Article: "Iraq... Ambiguity surrounding the 2022 budget" WHAT'S IN THE BUDGET... THE NEW EXCHANGE RATE. Article: "The Prime Minister's spokesperson is hosted by Parliament to discuss the budget" THE TALK ABOUT THE BUDGET AND THE NEW EXCHANGE RATE IS HOT!!!
4-22-2022 Newshound/Intel Guru Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120
THOUSAND IN THE 2022 BUDGET" Quote: "There is no truth to the news circulating on social media and attributed to the Undersecretary of the Ministry of Finance about the existence of ongoing discussions to re-reduce the price of the dollar to 120 thousand dinars within the 2022 budget" I have told everyone over and over again that the RV is NOT in the budget nor will it ever be in the budget.
4-22-2022 Intel Guru MarkZ [via PDK] [how long after the dinar goes will the dong go?] They should go at the same time unless Iraq gets tired of waiting and goes with the NEER rate ($1.60) I think there is a 1% chance of that. 99% chance they will go at exactly the same time.
4-22-2022 Newshound Guru Petra I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign... A big one...many players ...at the "End Game!" IMO
4-22-2022 Newshound Guru Kaperoni My personal view is I still believe that Iraq will float the dinar allowing it to gradually appreciate as the economy in Iraq prosperous. Which means it'll be gradually over time and it's going to take a while. I firmly believe only with the success of Iraq's economy can the dinar appreciate in value.
4-22-2022 Intel Guru Bruce [via WiserNow] ...Iraq is going to do their thing finally this weekend – they have been pushed...it appears they are going to do it – my gut is they will do it Sunday... What I’m hearing and this is coming through a Wells Fargo contact by a Treasury representative it’s indicating that we will have – that the RV and GCR - is scheduled to take place this weekend...I’m hearing we’re supposed to get notified over this weekend and if we’re not started over the weekend that we would start exchanges Monday...I think this whole thing is going to come together in a beautiful picture and we’ll be amazed when it does...
4-22-2022 Newshound Guru Pimpy Things are really starting to look good for Iraq in many different ways. If they could just get past this political blockage, get a government formed...stick to the white papers - then I think they're going to do really good. The World Bank and IMF have been making some really strong predictions for Iraq's economy and if they can stick to where they are it's going to be really good for them...Iraq is recovering way faster than they thought. I haven't changed my mind, when Iraqi dinar goes up it's going to go up in increments...
4-22-2022 Newshound Guru Godlover Community comment "the parliament votes on the budget, then send it to the President to be implemented. So far Parliament has not done anything in regards to approving it, it does seem that they have not even received it yet...imo" Yes imo parliament will need to vote on the budget, with or without a new rate prior...Of course, a new government is needed prior to any monetary reform...if Kazemi gets to continue, it needs an official announcement. With that said, this new food security law seems to be an option they are trying to pass with urgency, anticipating the process for a new government seating could take awhile, as well as the budget approval.
4-22-2022 Intel Guru MarkZ [via PDK] My Redemption center contacts will be on call this weekend. They do not know if they will be working or not. It’s been a ping pong game with them…one day they are told to get ready its happening…the next day…stand down…not ready yet. I think this tells us just how close we are that they have everyone ready to jump at a moments notice...This has been a very strange week. Hurry up and wait…There are a lot if indicators for May 2nd to May 7th for a new government in Iraq. There has been more conversations about the NEER [Nominal Effective Exchange Rate]…it is interesting to watch.
4-22-2022 Newshound/Intel Guru Walkingstick Question: "Ukraine - Russia will it effect the monetary reform?" Not at all. Question: "Is the Russian ruble gold backed?" In reality, no.
4-22-2022 Intel Guru Frank26 Article: "Iraq... Ambiguity surrounding the 2022 budget" WHAT'S IN THE BUDGET... THE NEW EXCHANGE RATE. Article: "The Prime Minister's spokesperson is hosted by Parliament to discuss the budget" THE TALK ABOUT THE BUDGET AND THE NEW EXCHANGE RATE IS HOT!!!
4-22-2022 Newshound/Intel Guru Mnt Goat Article: "THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120
THOUSAND IN THE 2022 BUDGET" Quote: "There is no truth to the news circulating on social media and attributed to the Undersecretary of the Ministry of Finance about the existence of ongoing discussions to re-reduce the price of the dollar to 120 thousand dinars within the 2022 budget" I have told everyone over and over again that the RV is NOT in the budget nor will it ever be in the budget.
4-22-2022 Intel Guru MarkZ [via PDK] [how long after the dinar goes will the dong go?] They should go at the same time unless Iraq gets tired of waiting and goes with the NEER rate ($1.60) I think there is a 1% chance of that. 99% chance they will go at exactly the same time.
4-22-2022 Newshound Guru Petra I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign... A big one...many players ...at the "End Game!" IMO
4-21-2022 Intel Guru MarkZ [via PDK] There is some news coming out of Iraq. Articles today said there are proposals to keep the current government. But they want to make a constitutional change to a more traditional government with more continuity so they don’t continue to have a breakdown each time they try to seat a government. They are trying to do this between the 2nd and 7th of May. This should give them the ability to pull the trigger on a new value...it appears to me Iraq is laying the groundwork to do whatever it takes …this may include running with the NEER (Nominal Effective Exchange Rate - $1.60) or pushing the envelope so they are forcing the world to acknowledge a rate change in Iraq.
4-21-2022 Newshound/Intel Guru Walkingstick Question: "Is Maliki still throwing monkey wrenches to stall this monetary reform? Trying. That will never change but it's not going to happen.
4-21-2022 Intel Guru Frank26 The date I told you was in titanium. Who in the world would have thought Biden would do what he is doing to our economy and every economy on this planet? The titanium date has passed. The titanium date was in the first quarter of this year IMO...but they are moving forward...
4-21-2022 Intel Guru MarkZ [via PDK] [Will gifted money [Iraqi Dinar] be taxed?] We don’t think so. But not 100% sure. The overwhelming majority of all of my sources from government to military to banking do not believe so…but best to be prepared just in case. [NOTE: Always consult your tax professional at the appropriate time when it comes to currency exchange and gifting.]
4-21-2022 Newshound Guru Clare Question "Do I remember correctly that the caretaker gov't can become the seated gov't by Kazemi making it so?" YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCEMENT OF THE NEW GOV. EVEN WITH KAZEMI...THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO
4-21-2022 Newshound Guru Samson Article: "Iraq... Ambiguity surrounding the 2022 budget" Quote: "one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,"...
4-21-2022 Intel Guru MarkZ [via PDK] There was such an overwhelming amount of chatter last night with expectations for today and this afternoon ...Everybody I know is sitting at the edge of their seats...My contacts in redemption centers are on high alert…they don’t want them more that 45 minutes away from the office today and for the rest of the week. Let’s not get to excited but the chatter seems to think this is the week. ...I am hearing closer to the May 2nd period. But am not ruling out sooner from what I am hearing from my redemption folks. Take all dates with a grain of salt…
4-21-2022 Newshound Guru Godlover Comment from Guru Frank26: "INSIDE OF THIS MONTH OF APRIL...IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ..." Hopefully this be a new seated government, or the current caretaker government will have been voted by parliament to remain another year or so per many articles. Then they will have the authority to send the general budget to parliament. Or could this be about the new food security law that has been a very hot topic of late? Time will tell.
4-21-2022 Newshound Guru Pimpy Article: "70 private banks in Iraq - and the World Bank expects it to be ranked first in the Arab world in growth" Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news...this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil. This is great news. This looks very good as long as they can stick to reforms, don't rush the exchange because if you do it could be a setback and they will end up waiting years.
4-21-2022 Newshound Guru Militiaman Article: "Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?" My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find out in short order to support that fact again, imo. The UST, IMF-WB meetings...over the last week imo will bare fruit and likely large fruit. So plentiful that the citizens will be fed for generations to come... Imo I.E.. 2022 Budget with new exchange rate to be exposed back to a previous era.
4-21-2022 Newshound/Intel Guru Mnt Goat It looks like there is finally a breakthrough in forming the new government ...The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will remain in place. This is fantastic news...Not only Sadr but Kazemi and Saleh both support the anti-corruption efforts. WOW! Folks this is our path to the reinstatement...
4-21-2022 Newshound/Intel Guru Walkingstick Question: "Is Maliki still throwing monkey wrenches to stall this monetary reform? Trying. That will never change but it's not going to happen.
4-21-2022 Intel Guru Frank26 The date I told you was in titanium. Who in the world would have thought Biden would do what he is doing to our economy and every economy on this planet? The titanium date has passed. The titanium date was in the first quarter of this year IMO...but they are moving forward...
4-21-2022 Intel Guru MarkZ [via PDK] [Will gifted money [Iraqi Dinar] be taxed?] We don’t think so. But not 100% sure. The overwhelming majority of all of my sources from government to military to banking do not believe so…but best to be prepared just in case. [NOTE: Always consult your tax professional at the appropriate time when it comes to currency exchange and gifting.]
4-21-2022 Newshound Guru Clare Question "Do I remember correctly that the caretaker gov't can become the seated gov't by Kazemi making it so?" YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCEMENT OF THE NEW GOV. EVEN WITH KAZEMI...THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO
4-21-2022 Newshound Guru Samson Article: "Iraq... Ambiguity surrounding the 2022 budget" Quote: "one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,"...
4-21-2022 Intel Guru MarkZ [via PDK] There was such an overwhelming amount of chatter last night with expectations for today and this afternoon ...Everybody I know is sitting at the edge of their seats...My contacts in redemption centers are on high alert…they don’t want them more that 45 minutes away from the office today and for the rest of the week. Let’s not get to excited but the chatter seems to think this is the week. ...I am hearing closer to the May 2nd period. But am not ruling out sooner from what I am hearing from my redemption folks. Take all dates with a grain of salt…
4-21-2022 Newshound Guru Godlover Comment from Guru Frank26: "INSIDE OF THIS MONTH OF APRIL...IN MY VERY STRONG OPINION, SOMETHING MAJOR WILL OCCUR INSIDE OF IRAQ..." Hopefully this be a new seated government, or the current caretaker government will have been voted by parliament to remain another year or so per many articles. Then they will have the authority to send the general budget to parliament. Or could this be about the new food security law that has been a very hot topic of late? Time will tell.
4-21-2022 Newshound Guru Pimpy Article: "70 private banks in Iraq - and the World Bank expects it to be ranked first in the Arab world in growth" Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news...this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil. This is great news. This looks very good as long as they can stick to reforms, don't rush the exchange because if you do it could be a setback and they will end up waiting years.
4-21-2022 Newshound Guru Militiaman Article: "Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?" My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find out in short order to support that fact again, imo. The UST, IMF-WB meetings...over the last week imo will bare fruit and likely large fruit. So plentiful that the citizens will be fed for generations to come... Imo I.E.. 2022 Budget with new exchange rate to be exposed back to a previous era.
4-21-2022 Newshound/Intel Guru Mnt Goat It looks like there is finally a breakthrough in forming the new government ...The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will remain in place. This is fantastic news...Not only Sadr but Kazemi and Saleh both support the anti-corruption efforts. WOW! Folks this is our path to the reinstatement...
4-20-2022 Newshound Guru Petra Press Release "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" I'm having a hard time with that Food Security Law. With the budget imminent, what's the need for it? UNLESS...it's a COVER for something else??? ...I think we can all agree that the "actions" we are seeing clearly delineate a game plan and a strategic execution of timing and global input for Iraq 's next move. With food prices skyrocketing they clearly only have one move to protect their citizenry. A global Force Play!
4-20-2022 Intel Guru Frank26 Question: "Ukraine - Russia will it effect the monetary reform?" No. What does the ruble have to do with the monetary reform of the Iraq ? ...the ruble is being destroyed. Is the ruble on par with the Iraqi dinar? No...what they are doing has nothing to do with the beauty, the supreme efforts that are being done by Kazemi and Mustafa for their country, for their currency. The whole world wants to pour into Iraq and do business with them.
4-20-2022 Newshound Guru Pimpy Article "Central Bank: cash reserves exceeded 70 billion dollars" ...The Central bank has reserves exceed $70 Billion. This is good. Iraq continues to build up the reserves...the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can...increase the value of the exchange rate by buying more of their own currency off the market... Iraq 's foreign reserves are increasing. It's just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate. [Post 2 of 2]
4-20-2022 Newshound Guru Pimpy Video "Why Foreign Currency Reserves Are Important" Quote "holding foreign currency reserves...influence the exchange rate. With large foreign exchange reserves a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value." ...a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market... [Post 1 of 2]
4-20-2022 Intel Guru MarkZ [via PDK] ...good vibes starting to roll around… there is something in the air…I can feel it...My redemption center folks are finally excited again. They believe they will absolutely be working this weekend. I am getting a lot of chatter from my banking sources about tomorrow. Makes me a little nervous but tentatively excited. It somehow feels like we have turned a corner...
4-20-2022 Newshound Guru Samson Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Article: "The Central Bank: Our cash reserves exceeded $70 billion"
4-20-2022 Newshound/Intel Guru Walkingstick Question: "Do you think Iraq has enough security and stability right now to reinstate their currency?" Most definitely...waiting on a seated government. Nothing else is preventing them from releasing the new exchange rate...they are prepared now to introduce a new exchange and currency...
4-20-2022 Intel Guru Militiaman Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO. Quote: "They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war." A new exchange rate is imo all that is needed to curb inflation and bring purchase power...Lets see what the day(s) bring...I like this a lot. It is a very timely piece from the UST...
4-20-2022 Intel Guru MarkZ [via PDK] [Do you think they could change the dinar…making the notes we hold no good?] Eventually yes…AFTER we have all exchanged. After a certain amount of time…the large 3 zero notes will be no good...Whenever they change to a new series of notes…there is a time period to exchange the old ones before they are no longer good.
4-20-2022 Intel Guru Fleming ...In a call with the Central Bank of Iraq...happy news was shared...Iraq has had their “Interim Government” in place for the past 2 weeks. The have removed all Iranians (troublemakers), from government...The new (approximate) Golden Dinar rate is 1 IQD to $3 USD...The only compelling reason to wait to begin Tier 4 exchange, is for the ISO 20022 [an ISO standard for electronic data interchange between financial institutions.], which goes into effect the end of the month for currency all over the world. It’s the final, and the verifiable triggering event...Relax with a hopeful knowledge that this is the end of your long wait...
4-20-2022 Intel Guru Frank26 Question: "Ukraine - Russia will it effect the monetary reform?" No. What does the ruble have to do with the monetary reform of the Iraq ? ...the ruble is being destroyed. Is the ruble on par with the Iraqi dinar? No...what they are doing has nothing to do with the beauty, the supreme efforts that are being done by Kazemi and Mustafa for their country, for their currency. The whole world wants to pour into Iraq and do business with them.
4-20-2022 Newshound Guru Pimpy Article "Central Bank: cash reserves exceeded 70 billion dollars" ...The Central bank has reserves exceed $70 Billion. This is good. Iraq continues to build up the reserves...the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can...increase the value of the exchange rate by buying more of their own currency off the market... Iraq 's foreign reserves are increasing. It's just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate. [Post 2 of 2]
4-20-2022 Newshound Guru Pimpy Video "Why Foreign Currency Reserves Are Important" Quote "holding foreign currency reserves...influence the exchange rate. With large foreign exchange reserves a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value." ...a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market... [Post 1 of 2]
4-20-2022 Intel Guru MarkZ [via PDK] ...good vibes starting to roll around… there is something in the air…I can feel it...My redemption center folks are finally excited again. They believe they will absolutely be working this weekend. I am getting a lot of chatter from my banking sources about tomorrow. Makes me a little nervous but tentatively excited. It somehow feels like we have turned a corner...
4-20-2022 Newshound Guru Samson Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Article: "The Central Bank: Our cash reserves exceeded $70 billion"
4-20-2022 Newshound/Intel Guru Walkingstick Question: "Do you think Iraq has enough security and stability right now to reinstate their currency?" Most definitely...waiting on a seated government. Nothing else is preventing them from releasing the new exchange rate...they are prepared now to introduce a new exchange and currency...
4-20-2022 Intel Guru Militiaman Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO. Quote: "They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war." A new exchange rate is imo all that is needed to curb inflation and bring purchase power...Lets see what the day(s) bring...I like this a lot. It is a very timely piece from the UST...
4-20-2022 Intel Guru MarkZ [via PDK] [Do you think they could change the dinar…making the notes we hold no good?] Eventually yes…AFTER we have all exchanged. After a certain amount of time…the large 3 zero notes will be no good...Whenever they change to a new series of notes…there is a time period to exchange the old ones before they are no longer good.
4-20-2022 Intel Guru Fleming ...In a call with the Central Bank of Iraq...happy news was shared...Iraq has had their “Interim Government” in place for the past 2 weeks. The have removed all Iranians (troublemakers), from government...The new (approximate) Golden Dinar rate is 1 IQD to $3 USD...The only compelling reason to wait to begin Tier 4 exchange, is for the ISO 20022 [an ISO standard for electronic data interchange between financial institutions.], which goes into effect the end of the month for currency all over the world. It’s the final, and the verifiable triggering event...Relax with a hopeful knowledge that this is the end of your long wait...
4-19-2022 Newshound/Intel Guru Walkingstick Question: "Do you think 2 to 1 is enough? Is it possible for them to consider in their recalculations to make it go even higher?" Yes for the fact they are now looking at the introduction of a currency basket not on par with the USD...
4-19-2022 Intel Guru MarkZ [via PDK] There is conflicting news coming out of Iraq which we always expected would happen at the end. We were told to expect Iraq to put out all kinds of “dates” when it was close…That is what we are seeing. If you read the Kuwaiti newspaper the day before they revalued theirs…they said the RV was about 3 years away…conflicting stories with dates all over the board…then they RV’d it that next morning...I am praying they are right with this news about Thursday from the banking side. [post 2 of 2]
4-19-2022 Intel Guru MarkZ [via PDK] A lot of banking contacts reached out to me today and I am very hesitant to even say it but…I will let you guys manage your own expectations and I will share what I have heard...I think April is going to be fantastic. The banking side has expectations of an announcement on Thursday…my phone has been blowing up with this story of banks expecting to start giving notices on Thursday. This is from banking personnel...I do not know how much credence to give this so don’t make any decisions based on this…I am hopeful that perhaps this is it…but… [post 1 of 2....stay tuned]
4-19-2022 Newshound Guru Clare Question: "Will the IQD be asset backed when there is a change in rate?" YES, BECAUSE IT IS ASSET BACKED ALREADY BECAUSE THE AMOUNT OF WEALTH IRAQ HOLDS IS AMAZING!!! IMO THE CBI RESERVES ARE VERY HIGH! COUNTRIES HAVE INVESTED & CURRENCY SWAPS HAVE TAKEN PLACE ... BECAUSE THEY KNOW WHAT IS GOING TO HAPPEN IN IRAQ!
4-19-2022 Newshound Guru Pimpy Everybody's wanting to know about the Iraqi rate change. I'm going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector - that is not going to happen. I know that's not a popular thing to say but...we stay grounded. I'm not here to blow smoke up your butt. I'm here to just be realistic about this investment...
4-19-2022 Intel Guru Frank26 Article: "The Dollar Exchange Rate That Will Be Approved In The 2022 Budget " WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET... WHEN YOU ALREADY HAVE AN EXCHANGE RATE... UNLESS YOU'RE GOING TO CHANGE IT.
4-19-2022 Intel Guru MarkZ [via PDK] It has been so quiet... I am hoping it’s the quiet before the storm because it has been silent on all fronts this week...I think we will have slow, steady disclosure going on throughout the week... I also think we are on high alert. I am stunned we are still sitting here waiting and it’s already April 19th... Iraq has already had meetings on what to do with the abundance of funds they are about to have.
4-19-2022 Newshound/Intel Guru Walkingstick A caretaker government will not introduce a new exchange rate. A caretaker government is just that, to keep a functioning government body. The new exchange rate will be introduced by a seated government.
4-19-2022 Newshound/Intel Guru MntGoat ...All the news is very good. ...the CBI once again announced that the monetary reserves are very high. We know the IMF requires just 45 billion for financial stability and they just announced reserves of 70 billion. We know for a fact the reserves are actually around 90-100 billion as they sometimes include the gold reserves valuation in the total and sometimes they don’t.
4-19-2022 Intel Guru MarkZ [via PDK] There is conflicting news coming out of Iraq which we always expected would happen at the end. We were told to expect Iraq to put out all kinds of “dates” when it was close…That is what we are seeing. If you read the Kuwaiti newspaper the day before they revalued theirs…they said the RV was about 3 years away…conflicting stories with dates all over the board…then they RV’d it that next morning...I am praying they are right with this news about Thursday from the banking side. [post 2 of 2]
4-19-2022 Intel Guru MarkZ [via PDK] A lot of banking contacts reached out to me today and I am very hesitant to even say it but…I will let you guys manage your own expectations and I will share what I have heard...I think April is going to be fantastic. The banking side has expectations of an announcement on Thursday…my phone has been blowing up with this story of banks expecting to start giving notices on Thursday. This is from banking personnel...I do not know how much credence to give this so don’t make any decisions based on this…I am hopeful that perhaps this is it…but… [post 1 of 2....stay tuned]
4-19-2022 Newshound Guru Clare Question: "Will the IQD be asset backed when there is a change in rate?" YES, BECAUSE IT IS ASSET BACKED ALREADY BECAUSE THE AMOUNT OF WEALTH IRAQ HOLDS IS AMAZING!!! IMO THE CBI RESERVES ARE VERY HIGH! COUNTRIES HAVE INVESTED & CURRENCY SWAPS HAVE TAKEN PLACE ... BECAUSE THEY KNOW WHAT IS GOING TO HAPPEN IN IRAQ!
4-19-2022 Newshound Guru Pimpy Everybody's wanting to know about the Iraqi rate change. I'm going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector - that is not going to happen. I know that's not a popular thing to say but...we stay grounded. I'm not here to blow smoke up your butt. I'm here to just be realistic about this investment...
4-19-2022 Intel Guru Frank26 Article: "The Dollar Exchange Rate That Will Be Approved In The 2022 Budget " WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET... WHEN YOU ALREADY HAVE AN EXCHANGE RATE... UNLESS YOU'RE GOING TO CHANGE IT.
4-19-2022 Intel Guru MarkZ [via PDK] It has been so quiet... I am hoping it’s the quiet before the storm because it has been silent on all fronts this week...I think we will have slow, steady disclosure going on throughout the week... I also think we are on high alert. I am stunned we are still sitting here waiting and it’s already April 19th... Iraq has already had meetings on what to do with the abundance of funds they are about to have.
4-19-2022 Newshound/Intel Guru Walkingstick A caretaker government will not introduce a new exchange rate. A caretaker government is just that, to keep a functioning government body. The new exchange rate will be introduced by a seated government.
4-19-2022 Newshound/Intel Guru MntGoat ...All the news is very good. ...the CBI once again announced that the monetary reserves are very high. We know the IMF requires just 45 billion for financial stability and they just announced reserves of 70 billion. We know for a fact the reserves are actually around 90-100 billion as they sometimes include the gold reserves valuation in the total and sometimes they don’t.
4-18-2022 Intel Guru MarkZ [via PDK] There is all kinds of back and forth coming from Iraq. Basically in a nutshell they are saying there will be political breakthrough at the end of Eid Al Fitr. So between now and May 2nd they are looking for it. I think it’s all theatre because they have filed all the necessary paperwork with the UN, World Bank etc…but the chatter from Iraq is to expect something between now and May 2nd. I am still believing its much sooner than that …at any moment.
4-18-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] If this event occurs, Iraq will make citizens exchange 1,000 current Iraqi dinars for one new Iraqi dinar. That one new Iraqi dinar would be worth approximately $0.50. In other words, about $500 per million of the current dinar. The research paper published and proposed to the central bank for the currency change in Iraq discusses the specific conditions for the implementation. Those conditions are met therefore it recommends the beginning of 2023. This plan is a neutral currency swap at 1000 current dinar to 1 new dinar. Iraq is discussing a new currency, in essence a re-denomination. Not a RV!
4-18-2022 Newshound Guru Pimpy The faster they get away from depending so much on oil the faster they can create more jobs for the Iraqi people, the faster they can get more people off government assistance the better. Then if they get to stabilize their government I don't think it'll be too long after that we'll see something change in the dinar rate...
4-18-2022 Intel Guru MarkZ [via PDK] Looks like President Saleh and Prime Minister Al-Kazemi will continue their roles in Iraq... I am told Kazemi sticking around could speed up the Rv. Also cause more clean-ups of corruption in Iraq. I am told the budget will get done this week and they have worked out the interim government.
4-18-2022 Newshound Guru Godlover I do not care if the budget is sent to parliament immediately. I do not want the 2022 budget opening before a new government seating & neither should you.
4-18-2022 Newshound Guru MilitiaMan Article: "Iraq.. Expose the reasons for the demands to withdraw the hand of the director of customs" No wonder there is movement on the borders to get compliance, the ISO20022 [electronic data interchange between financial institutions] is in the making already. It has been long over due. This article supports that the time is now not next year...The world is not looking back nor are they waiting much longer for significant change. There no more procrastination and Iraq has shown they know it and have had to react. This is a very good sign... imo..
4-18-2022 Newshound Guru Samson Article: "The Central Bank announces an increase in cash reserves to 70 billion dollars”
4-18-2022 Intel Guru MarkZ [via PDK] Article: “The World Bank announces in numbers the recovery of the Iraqi economy” They go into great depth on just how recovered and how flush and fluid Iraq is…. These dollars will not do them any good in the existing structure or value of the dinar…they really need a value change.
4-18-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] If this event occurs, Iraq will make citizens exchange 1,000 current Iraqi dinars for one new Iraqi dinar. That one new Iraqi dinar would be worth approximately $0.50. In other words, about $500 per million of the current dinar. The research paper published and proposed to the central bank for the currency change in Iraq discusses the specific conditions for the implementation. Those conditions are met therefore it recommends the beginning of 2023. This plan is a neutral currency swap at 1000 current dinar to 1 new dinar. Iraq is discussing a new currency, in essence a re-denomination. Not a RV!
4-18-2022 Newshound Guru Pimpy The faster they get away from depending so much on oil the faster they can create more jobs for the Iraqi people, the faster they can get more people off government assistance the better. Then if they get to stabilize their government I don't think it'll be too long after that we'll see something change in the dinar rate...
4-18-2022 Intel Guru MarkZ [via PDK] Looks like President Saleh and Prime Minister Al-Kazemi will continue their roles in Iraq... I am told Kazemi sticking around could speed up the Rv. Also cause more clean-ups of corruption in Iraq. I am told the budget will get done this week and they have worked out the interim government.
4-18-2022 Newshound Guru Godlover I do not care if the budget is sent to parliament immediately. I do not want the 2022 budget opening before a new government seating & neither should you.
4-18-2022 Newshound Guru MilitiaMan Article: "Iraq.. Expose the reasons for the demands to withdraw the hand of the director of customs" No wonder there is movement on the borders to get compliance, the ISO20022 [electronic data interchange between financial institutions] is in the making already. It has been long over due. This article supports that the time is now not next year...The world is not looking back nor are they waiting much longer for significant change. There no more procrastination and Iraq has shown they know it and have had to react. This is a very good sign... imo..
4-18-2022 Newshound Guru Samson Article: "The Central Bank announces an increase in cash reserves to 70 billion dollars”
4-18-2022 Intel Guru MarkZ [via PDK] Article: “The World Bank announces in numbers the recovery of the Iraqi economy” They go into great depth on just how recovered and how flush and fluid Iraq is…. These dollars will not do them any good in the existing structure or value of the dinar…they really need a value change.
4-17-2022 Newshound Guru Pimpy Yep more rate change conversation. They're out there talking about their rate exchange again...This seems to be the talk of the town. Article: "Finance responses to news of its discussion to reduce the dollar exchange rate" Before we had a lot of discussion about the rate change. That's obviously died down a little but I think it was interesting that there was article after article talking about a rate change given the fact that oil prices we up in a big way...$150/barrel that's supposed to be happening shortly. If the projections are correct then Iraq is going to have a lot more money than they had anticipated...which is what you want...
4-17-2022 Newshound Guru Kaperoni This is proposed and of course it directly is related to Iraq forming a new government prior...the Central Bank of Iraq would have to accept the proposal. But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented. [Post 2 of 2]
4-17-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] ...what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023. [Post 1 of 2....stay tuned]
4-17-2022 Newshound Guru Godlover Question: "don't we need the rate before the budget passes and is opened???" I have always had it in my mind that everything would be completed prior to the budget opening. So yes I do believe the rate should be figured into the budget prior, I just am not a fan of the theory that it will be exposed prior to the budget opening...If a new rate is figured within a said budget, I don't see the logic of the new rate being usable prior to the said budget being opened. The budget is based off of expenditures/finances in a specific rate. I am a firm believer that the budget opening & the CBI announcement (per se), will happen at the same time...pure speculation until proven otherwise.
4-17-2022 Newshound Guru Clare Article: "Overtaking Qatar, Saudi Arabia and the UAE... Iraq is the first in terms of GDP growth and per capita" THIS IS REALLY GREAT! IMO AND THIS IS FOR 2022... ACCORDING TO THE ARTICLE.
4-17-2022 Newshound Guru Pimpy Article: "Cities of Iraq witness demonstrations calling for the speedy formation of the government" When people are going 'Oh man we got all kinds of money coming in Iraq. We're going to do the rate change!' No, No you're not...you have to have a stable government, a stable economy and there has to be peace there not civil unrest. Until all this stuff gets squashed and we move forward with a government that's formed, a budget that's passed and the people are not protesting, you're not going to see a rate change...
4-17-2022 Intel Guru MarkZ [via PDK] [I read that Iraq may come out with a .50 cent rate.] Don’t worry about that …It doesn’t fix their financial issues. Now I have heard that they are floating a NEER rate (Nominal Effective Exchange Rate) of $1.60...If they decide to go by themselves….the rate would be around $1.60. That is a small possibility this could happen...
4-17-2022 Newshound Guru Kaperoni This is proposed and of course it directly is related to Iraq forming a new government prior...the Central Bank of Iraq would have to accept the proposal. But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented. [Post 2 of 2]
4-17-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] ...what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023. [Post 1 of 2....stay tuned]
4-17-2022 Newshound Guru Godlover Question: "don't we need the rate before the budget passes and is opened???" I have always had it in my mind that everything would be completed prior to the budget opening. So yes I do believe the rate should be figured into the budget prior, I just am not a fan of the theory that it will be exposed prior to the budget opening...If a new rate is figured within a said budget, I don't see the logic of the new rate being usable prior to the said budget being opened. The budget is based off of expenditures/finances in a specific rate. I am a firm believer that the budget opening & the CBI announcement (per se), will happen at the same time...pure speculation until proven otherwise.
4-17-2022 Newshound Guru Clare Article: "Overtaking Qatar, Saudi Arabia and the UAE... Iraq is the first in terms of GDP growth and per capita" THIS IS REALLY GREAT! IMO AND THIS IS FOR 2022... ACCORDING TO THE ARTICLE.
4-17-2022 Newshound Guru Pimpy Article: "Cities of Iraq witness demonstrations calling for the speedy formation of the government" When people are going 'Oh man we got all kinds of money coming in Iraq. We're going to do the rate change!' No, No you're not...you have to have a stable government, a stable economy and there has to be peace there not civil unrest. Until all this stuff gets squashed and we move forward with a government that's formed, a budget that's passed and the people are not protesting, you're not going to see a rate change...
4-17-2022 Intel Guru MarkZ [via PDK] [I read that Iraq may come out with a .50 cent rate.] Don’t worry about that …It doesn’t fix their financial issues. Now I have heard that they are floating a NEER rate (Nominal Effective Exchange Rate) of $1.60...If they decide to go by themselves….the rate would be around $1.60. That is a small possibility this could happen...
4-16-2022 Newshound Guru Pimpy Article: "Renewal is underway for Saleh and Al-Kazemi in power in Iraq" I don't live in Iraq obviously and as much as I know about it I've learned through articles. But it appears to me that Al-Kazemi and Saleh have been a great team...they seem to have accomplished a lot in a short time that they've been in office together... to me this appears to be good news...things appear to be on the right track.
4-16-2022 Newshound Guru Samson Article: "An unexpected surprise.. Leaks indicate that the coordination framework may present Al-Kazemi as a compromise candidate and keep his government"
4-16-2022 Newshound Guru Kaperoni One thing that has occurred there have been several events/symposiums over the last 10 months or so held discussing and educating the citizens of Iraq this plan...we have always been hoping for Iraq to build a prosperous diverse economy away from oil. With the success of that economy would allow the current dinar to gradually appreciate without replacement overtime. [Post 2 of 2]
4-16-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] I have stated numerous times any discussion from Iraq about deleting 3 zeros is a LOP. Which we do not want to see occur. Again, we do not want to see this happen. It is also very important to understand in order for Iraq to issue a new currency, parliament must vote and approve. This has been discussed but due to the lack of a new government, nothing has been approved yet. [Post 1 of 2....stay tuned]
4-16-2022 Newshound Guru Clare Article: "Renewal is underway for Saleh and Al-Kazemi in power in Iraq… Details of a resounding surprise published by (Baghdad Today)"
4-16-2022 Intel Guru MarkZ [via PDK] [Most people think it’s this weekend because of Easter…do you agree?] It is highly possible. ...Is it the most likely time for it to occur…yes. There is a tremendous amount of chatter. But I am always concerned when to many people are in agreement.
4-16-2022 Newshound Guru Godlover Question: [Doesn't it make more sense for the CBI to reinstate/revalue the currency before the budget is released? ...IMO it doesn't seem like a good idea to show the budget before the CBI comes out with a rate.] Before the budget is released or Opened rather...sure I agree with that. Rate exposed prior to sending the budget to parliament, not so much. Certainly whatever the budget opens at, that will be what it is for the remainder of this year. God willing it is a new rate, but it is just speculation until proven otherwise.
4-16-2022 Newshound Guru Pimpy Rumors are they're going to keep Salih president and Al-Kazemi as Prime Minister. I really do think this is a good move. Although there are some people out there who are not happy with the idea. I do believe that they were getting Iraq back on track. A lot was accomplished under the short term that Al-Kazemi had...
4-16-2022 Newshound/Intel Guru Mnt Goat WE are told by the CBI that the currency will finally see its final stages of the currency reform project after a “stable” government is in place...The pressure is enormous and we find out there are massive protests and rallies planned for the near future in Iraq. ...Al-Maliki will do anything to see al-Kazemi not stay in office...Al-Sadr knows this can’t be the case for the survival of Iraq. So, this is where we stand as investors in the dinar. We must wait it out. [post 2 of 2]
4-16-2022 Newshound/Intel Guru Mnt Goat ...Foreign entities want to be able to FREELY move money in and out of Iraq. This is not now possible without a freely tradable and exchangeable currency which is really only obtained by global trading on FOREX and the other global exchanges. So, we have to sit tight and watch this election saga play out.
[post 1 of 2....stay tuned]
4-16-2022 Newshound Guru Samson Article: "An unexpected surprise.. Leaks indicate that the coordination framework may present Al-Kazemi as a compromise candidate and keep his government"
4-16-2022 Newshound Guru Kaperoni One thing that has occurred there have been several events/symposiums over the last 10 months or so held discussing and educating the citizens of Iraq this plan...we have always been hoping for Iraq to build a prosperous diverse economy away from oil. With the success of that economy would allow the current dinar to gradually appreciate without replacement overtime. [Post 2 of 2]
4-16-2022 Newshound Guru Kaperoni [Follow up to Guru Kaperoi's 'Discovered new dinar research document" Post 4-15-2022] I have stated numerous times any discussion from Iraq about deleting 3 zeros is a LOP. Which we do not want to see occur. Again, we do not want to see this happen. It is also very important to understand in order for Iraq to issue a new currency, parliament must vote and approve. This has been discussed but due to the lack of a new government, nothing has been approved yet. [Post 1 of 2....stay tuned]
4-16-2022 Newshound Guru Clare Article: "Renewal is underway for Saleh and Al-Kazemi in power in Iraq… Details of a resounding surprise published by (Baghdad Today)"
4-16-2022 Intel Guru MarkZ [via PDK] [Most people think it’s this weekend because of Easter…do you agree?] It is highly possible. ...Is it the most likely time for it to occur…yes. There is a tremendous amount of chatter. But I am always concerned when to many people are in agreement.
4-16-2022 Newshound Guru Godlover Question: [Doesn't it make more sense for the CBI to reinstate/revalue the currency before the budget is released? ...IMO it doesn't seem like a good idea to show the budget before the CBI comes out with a rate.] Before the budget is released or Opened rather...sure I agree with that. Rate exposed prior to sending the budget to parliament, not so much. Certainly whatever the budget opens at, that will be what it is for the remainder of this year. God willing it is a new rate, but it is just speculation until proven otherwise.
4-16-2022 Newshound Guru Pimpy Rumors are they're going to keep Salih president and Al-Kazemi as Prime Minister. I really do think this is a good move. Although there are some people out there who are not happy with the idea. I do believe that they were getting Iraq back on track. A lot was accomplished under the short term that Al-Kazemi had...
4-16-2022 Newshound/Intel Guru Mnt Goat WE are told by the CBI that the currency will finally see its final stages of the currency reform project after a “stable” government is in place...The pressure is enormous and we find out there are massive protests and rallies planned for the near future in Iraq. ...Al-Maliki will do anything to see al-Kazemi not stay in office...Al-Sadr knows this can’t be the case for the survival of Iraq. So, this is where we stand as investors in the dinar. We must wait it out. [post 2 of 2]
4-16-2022 Newshound/Intel Guru Mnt Goat ...Foreign entities want to be able to FREELY move money in and out of Iraq. This is not now possible without a freely tradable and exchangeable currency which is really only obtained by global trading on FOREX and the other global exchanges. So, we have to sit tight and watch this election saga play out.
[post 1 of 2....stay tuned]
4-15-2022 Intel Guru Bruce [via WiserNow] Where is Iraq in this thing? They are still putting out their new rate on Sunday their time – Sunday morning – it’s late Saturday night our time – so I’m looking for that to happen and I’m looking for that to be traded internationally starting Sunday night - that is the first business day in Iraq...So let’s just believe we are here finally at the end...
4-15-2022 Intel Guru MarkZ [via PDK] I am still being told to expect something over the weekend. I am still hearing they are still pushing for the budget to be put before Parliament on Sunday or Monday. Redemption folks are still on call for the weekend and still planning on working on Monday. Wish I had more but its an exceptionally quiet day today.
4-15-2022 Newshound Guru Godlover As far as the budget is concerned, my thinking is that if the current government was able to send the budget to parliament, they would have long ago. After all, there is no reason for them not to have already imo. Furthermore, the food security law seems to be a bypass if you will, to open a mini budget in replacement to the general budget. Something I think is a red flag.
4-15-2022 Newshound Guru Kaperoni 1000 current dinar to 1 new dinar is the exchange. The value of 1 new dinar is recommended to be $0.50 cents. In other words, if you exchanged 1 million current Iraqi dinar for the new dinar it would be worth $500 US dollars. There is no gain. All of these specifics are nothing more than a proposal at this time by prominent economists in Iraq. This proposal was submitted to the central bank for implementation beginning of 2023. It is not official. [Post 2 of 2]
4-15-2022 Newshound Guru Kaperoni A new set of documents completely describing the intent/plan for the dinar has been discovered... they may issue a new dinar currency next year in 2023. The new dinar will...be without zeros. Citizens will exchange their current dinar for the new dinar at 1000 to 1. The new dinar will float and be pegged to a basket of currencies, primarily the Middle East. The switch from the current Iraqi dinar to this new dinar is a neutral event. In essence a LOP. [Post 1 of 2....stay tuned]
4-15-2022 Intel Guru MarkZ [via PDK] The news coming out of Iraq is downright confusing. One block says they have to wait for the new president before they push forward…another block is saying they are going to get the food security bill and the budget in front of this parliament session...I have heard from Saturday to Monday for a budget…but do not know what to expect at this point. So much back and forth in Iraq right now... We will watch it as this is the same kind of rhetoric coming out of Kuwait and China and even Iraq just before they revalued before…they put out misinformation to purposefully throw off the timing. So don’t let these conflicting stories discourage you…We have history to prove this is expected...I do feel good that we are so stinkin close though.
4-15-2022 Newshound Guru Pimpy Good news when it comes to the economy [of Iraq] as well as non-oil sector... Article: "The World Bank announces in numbers the recovery of Iraqi economy" It's looking really good... Quote: "noting that the recovery was mainly driven by the non-oil sector...telecom...transportation, accommodation and retail sectors...". That's what we want to hear...all of this strengthens the dinar...
4-15-2022 Newshound Guru Kaperoni Community comment: "Feels like it was all a scam, and once again, I was a sucker. Don’t think I will ever get rid of it, just in case, but, it sure has been a Looooooong time, and nothing looks to have changed." The idea of overnight riches by buying dinar is a scam. Can the dinar appreciate in value? Yes, it is well documented that it can if Iraq builds an economy.
4-15-2022 Intel Guru MarkZ [via PDK] [Mark do you believe we have a good chance for this weekend?] Yes I do believe we have a good chance for this weekend…especially after my communication with an Iraqi source... saying they are hopeful they will get the food law and budget before parliament to vote on it within 3 days….
4-15-2022 Intel Guru MarkZ [via PDK] I am still being told to expect something over the weekend. I am still hearing they are still pushing for the budget to be put before Parliament on Sunday or Monday. Redemption folks are still on call for the weekend and still planning on working on Monday. Wish I had more but its an exceptionally quiet day today.
4-15-2022 Newshound Guru Godlover As far as the budget is concerned, my thinking is that if the current government was able to send the budget to parliament, they would have long ago. After all, there is no reason for them not to have already imo. Furthermore, the food security law seems to be a bypass if you will, to open a mini budget in replacement to the general budget. Something I think is a red flag.
4-15-2022 Newshound Guru Kaperoni 1000 current dinar to 1 new dinar is the exchange. The value of 1 new dinar is recommended to be $0.50 cents. In other words, if you exchanged 1 million current Iraqi dinar for the new dinar it would be worth $500 US dollars. There is no gain. All of these specifics are nothing more than a proposal at this time by prominent economists in Iraq. This proposal was submitted to the central bank for implementation beginning of 2023. It is not official. [Post 2 of 2]
4-15-2022 Newshound Guru Kaperoni A new set of documents completely describing the intent/plan for the dinar has been discovered... they may issue a new dinar currency next year in 2023. The new dinar will...be without zeros. Citizens will exchange their current dinar for the new dinar at 1000 to 1. The new dinar will float and be pegged to a basket of currencies, primarily the Middle East. The switch from the current Iraqi dinar to this new dinar is a neutral event. In essence a LOP. [Post 1 of 2....stay tuned]
4-15-2022 Intel Guru MarkZ [via PDK] The news coming out of Iraq is downright confusing. One block says they have to wait for the new president before they push forward…another block is saying they are going to get the food security bill and the budget in front of this parliament session...I have heard from Saturday to Monday for a budget…but do not know what to expect at this point. So much back and forth in Iraq right now... We will watch it as this is the same kind of rhetoric coming out of Kuwait and China and even Iraq just before they revalued before…they put out misinformation to purposefully throw off the timing. So don’t let these conflicting stories discourage you…We have history to prove this is expected...I do feel good that we are so stinkin close though.
4-15-2022 Newshound Guru Pimpy Good news when it comes to the economy [of Iraq] as well as non-oil sector... Article: "The World Bank announces in numbers the recovery of Iraqi economy" It's looking really good... Quote: "noting that the recovery was mainly driven by the non-oil sector...telecom...transportation, accommodation and retail sectors...". That's what we want to hear...all of this strengthens the dinar...
4-15-2022 Newshound Guru Kaperoni Community comment: "Feels like it was all a scam, and once again, I was a sucker. Don’t think I will ever get rid of it, just in case, but, it sure has been a Looooooong time, and nothing looks to have changed." The idea of overnight riches by buying dinar is a scam. Can the dinar appreciate in value? Yes, it is well documented that it can if Iraq builds an economy.
4-15-2022 Intel Guru MarkZ [via PDK] [Mark do you believe we have a good chance for this weekend?] Yes I do believe we have a good chance for this weekend…especially after my communication with an Iraqi source... saying they are hopeful they will get the food law and budget before parliament to vote on it within 3 days….
4-14-2022 Newshound Guru Godlover Article: "Parliamentary Finance: The draft food security law will be merged with the budget if this happens" This new food security law is talked about a lot lately...I had mentioned ...that an article spoke of this law having a mini budget included. That article also had stated that it would be a substitute for the general budget...I am starting to think that this new law & the possible mini budget will likely pass & be used to get them through until the 2022 budget is passed further down the road.
4-14-2022 Intel Guru MarkZ [via PDK] ...still...hearing...That this is the weekend…Out of Iraq I am still hearing that they expect a vote on the budget and the food security bill by Monday morning. I am being told from my redemption center contacts that they are on call this weekend but should plan on working Monday. This is big…. This is Easter Monday and they are being told to expect to work...
4-14-2022 Guru Nader From The Mid East I hope they change their mind and they send the budget to parliament today or tomorrow...I don't know what's in the budget. I don't know what's the rate. It can be 1450 or 1460. Can be 1160...can be 1. We don't know what's going on...we're getting frustrated with everything. There's a lot of demonstration going on. [Post 2 of 2]
4-14-2022 Guru Nader From The Mid East Al-Kazemi refused to send the '22 budget to the parliament. The reason they said they will wait for the new government to take place for them to send the budget. But we don't know when this freaking government is going to take. They can't even vote for a government...I don't know if Maliki is going to be the prime minister or not. I don't think so. I hope not. I hope Kazemi stay. Maybe they play a game...I don't know what they're doing... [Post 1 of 2....stay tuned]
4-14-2022 Intel Guru Frank26 Article: "Industry: Iraq is the world's first in sulfur reserves" IT'S NOT JUST OIL!!!
4-14-2022 Newshound Guru Pimpy Article: "Oil surges on OPEC, gold jumps on inflation" Here's some really good news..oil is projected to go to around $150 per barrel. Of course this helps benefit Iraq. And no, the Iraqi dinar exchange rate is not going to change just because it's getting more oil money...there are more things to factor in - A stable government, which they don't even have one established. Stable economy, which they haven't even passed the budget. Plus Iraq has to get away from the fact that 90% of the budget's revenue comes from oil. They are working very hard and great reports have been coming out that the private sector is being built...things are going in the right direction but it isn't going to happen overnight but this is a major help...
4-14-2022 Newshound Guru Sandy Ingram Article: "Economic center warns of the repercussions of delayed budget approval" as you know Iraq was not for the 3rd time able to elect a new government. There is a serious problem that is occurring. The budgets need approval by law and this will cause serious economic issues if the budget is not approved soon...the existing prime minister is calling on parliament to come together to make the necessary votes so they can continue on with business...
4-14-2022 Intel Guru MarkZ [via PDK] Out of Iraq- what I am hearing is that they expect the food security law and the budget to go before Parliament in the next 3 days. It could be as early as first thing tomorrow morning Iraq time. Knowing that they only work a half day on Fridays and usually don’t work on Saturdays…I suspect we will see it very early tomorrow or the first thing on Sunday. I am told the rate is in there. And this is when they will announce their released rate.
4-14-2022 Newshound Guru Godlover The food security law, something I had never heard of until recently, talks of a mini budget to replace the general budget. This new food security law seems to as well prove the theory that the current government does not have the authority to send the 2022 budget. For the record....I pray my thinking is wrong & the budget is sent to parliament & when opened, it contains what we all seek.
4-14-2022 Newshound Guru Militiaman We can see that there is a need for an exchange rate change and quickly. The street is being harmed and they are going into protest mode again...There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo...
4-14-2022 Newshound/Intel Guru Mnt Goat The IQD is being artificially suppressed and we can’t deny it any longer. When will they finally reinstate it? I am being told they need first a stable government, to limit the ability to steal money. So when this election controversy is decided they will move ahead with the project to delete the zeros, which we know, leads to the reinstatement soon after...Iraq is in a better position then ever... You heard this again and again how the leaders of Iraq want to move the country back to the “glory” days. They are right on track too to do this. [post 2 of 2]
4-14-2022 Newshound/Intel Guru Mnt Goat ...a financial advisor to the Prime Minister, Mustafa Al-Kazemi, described the financial situation in Iraq, which is derived from crude oil revenues, as “excellent.” Quotes: “Iraq is in an excellent financial position at the present time, as during the past month alone, oil revenues increased to 11 billion dollars, and this is a very large number that has not been recorded for five decades (50 years).” ; “this is a positive aspect, regardless of the profitability of the economy.” It is telling us that they do not really need to develop the economy to any great extent with oil being so high as they have been telling us all along. They can still reinstate the dinar with all these other revenues. [post 1 of 2....stay tuned]
4-14-2022 Intel Guru MarkZ [via PDK] ...still...hearing...That this is the weekend…Out of Iraq I am still hearing that they expect a vote on the budget and the food security bill by Monday morning. I am being told from my redemption center contacts that they are on call this weekend but should plan on working Monday. This is big…. This is Easter Monday and they are being told to expect to work...
4-14-2022 Guru Nader From The Mid East I hope they change their mind and they send the budget to parliament today or tomorrow...I don't know what's in the budget. I don't know what's the rate. It can be 1450 or 1460. Can be 1160...can be 1. We don't know what's going on...we're getting frustrated with everything. There's a lot of demonstration going on. [Post 2 of 2]
4-14-2022 Guru Nader From The Mid East Al-Kazemi refused to send the '22 budget to the parliament. The reason they said they will wait for the new government to take place for them to send the budget. But we don't know when this freaking government is going to take. They can't even vote for a government...I don't know if Maliki is going to be the prime minister or not. I don't think so. I hope not. I hope Kazemi stay. Maybe they play a game...I don't know what they're doing... [Post 1 of 2....stay tuned]
4-14-2022 Intel Guru Frank26 Article: "Industry: Iraq is the world's first in sulfur reserves" IT'S NOT JUST OIL!!!
4-14-2022 Newshound Guru Pimpy Article: "Oil surges on OPEC, gold jumps on inflation" Here's some really good news..oil is projected to go to around $150 per barrel. Of course this helps benefit Iraq. And no, the Iraqi dinar exchange rate is not going to change just because it's getting more oil money...there are more things to factor in - A stable government, which they don't even have one established. Stable economy, which they haven't even passed the budget. Plus Iraq has to get away from the fact that 90% of the budget's revenue comes from oil. They are working very hard and great reports have been coming out that the private sector is being built...things are going in the right direction but it isn't going to happen overnight but this is a major help...
4-14-2022 Newshound Guru Sandy Ingram Article: "Economic center warns of the repercussions of delayed budget approval" as you know Iraq was not for the 3rd time able to elect a new government. There is a serious problem that is occurring. The budgets need approval by law and this will cause serious economic issues if the budget is not approved soon...the existing prime minister is calling on parliament to come together to make the necessary votes so they can continue on with business...
4-14-2022 Intel Guru MarkZ [via PDK] Out of Iraq- what I am hearing is that they expect the food security law and the budget to go before Parliament in the next 3 days. It could be as early as first thing tomorrow morning Iraq time. Knowing that they only work a half day on Fridays and usually don’t work on Saturdays…I suspect we will see it very early tomorrow or the first thing on Sunday. I am told the rate is in there. And this is when they will announce their released rate.
4-14-2022 Newshound Guru Godlover The food security law, something I had never heard of until recently, talks of a mini budget to replace the general budget. This new food security law seems to as well prove the theory that the current government does not have the authority to send the 2022 budget. For the record....I pray my thinking is wrong & the budget is sent to parliament & when opened, it contains what we all seek.
4-14-2022 Newshound Guru Militiaman We can see that there is a need for an exchange rate change and quickly. The street is being harmed and they are going into protest mode again...There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo...
4-14-2022 Newshound/Intel Guru Mnt Goat The IQD is being artificially suppressed and we can’t deny it any longer. When will they finally reinstate it? I am being told they need first a stable government, to limit the ability to steal money. So when this election controversy is decided they will move ahead with the project to delete the zeros, which we know, leads to the reinstatement soon after...Iraq is in a better position then ever... You heard this again and again how the leaders of Iraq want to move the country back to the “glory” days. They are right on track too to do this. [post 2 of 2]
4-14-2022 Newshound/Intel Guru Mnt Goat ...a financial advisor to the Prime Minister, Mustafa Al-Kazemi, described the financial situation in Iraq, which is derived from crude oil revenues, as “excellent.” Quotes: “Iraq is in an excellent financial position at the present time, as during the past month alone, oil revenues increased to 11 billion dollars, and this is a very large number that has not been recorded for five decades (50 years).” ; “this is a positive aspect, regardless of the profitability of the economy.” It is telling us that they do not really need to develop the economy to any great extent with oil being so high as they have been telling us all along. They can still reinstate the dinar with all these other revenues. [post 1 of 2....stay tuned]
4-13-2022 Intel Guru MarkZ [via PDK] ...I have communicated with so many contacts today… They say that...everything is done…and it is event driven…They are waiting on an event. Unfortunately they did not tell me what the event was, or when it was.. I would assume, based on conversations where they alluded to things being done within the next week or so…is this event is very close... I got this from a number of my contacts including Iraqi contacts that are saying the same things. They also believe around Thursday , which is tomorrow …that they will get a new rate... It is driving me nuts today trying to find out what the event is.
4-13-2022 Newshound Guru Pimpy Article: "Parliament will ask the government to send the 2022 budget" As they should. The current government that's in control right now will continue to stay in control until the ones that were chosen and voted in take over. And since that's the case there's a request for them to send over the 2022 budget. We're already in April and the budget hasn't even been approved...
4-13-2022 Newshound Guru Deepwoodz Article: "Al-Kazemi announces bold decisions to protect citizens" You have Kadhimi proposing the Food Security Law that MUST be passed to protect the citizens but somehow he can’t do the same thing for the 2022 Budget Law? ...they’ve had the budget ready since last year and they could certainly have presented it in October...Makes absolutely no sense...The only common denominator I see are the Iranian influence. They didn’t want to reveal it to the last parliament because of them. They don’t want to reveal it yet until they finish the process of creating a government without Maliki in particular and Iranian influence in general...Kadhimi will be the PM again.
4-13-2022 Newshound Guru Godlover Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament " Quote: "The head of the Supreme Judicial Council, Faeq Zaidan, confirmed on Saturday that the Iraqi constitution permits the declaration of an "emergency government" despite the absence of an explicit text for that..." The caretaker government for some time was in limbo imo. As far as them continuing was never a complete doubt, after all many articles mentioned them continuing another year potentially if all else failed, which it did. I still do not think they had full authority until recently with the courts decision imo.
4-13-2022 Intel Guru MarkZ [via PDK] I am being told Easter week is a “go”. I am praying this is it…so many are desperately in need.
4-13-2022 Intel Guru Militiaman My view is that there is way to much evidence that a change is coming and quickly... The liquidity issue if they haven't printed new money, it is an injection of already printed large notes. Fairly simple to me. It is gesture imo on their part to make sure the poor has liquidity. There has been no proof there is any new large notes injected into the economy. If there was it would not be at 1460 or 1470, it would be worse...At this stage, that is highly unlikely to happen...they are geared for a level playing field with a fully IMF compliant Article 8 currency...The WTO is in the wings as well. They will not fully be international until they are in compliance. imo The world is watching..
4-13-2022 Intel Guru Frank26 Article: "Al-Zamili: We will vote to authorize the Al-Kazemi government to send the budget law to the parliament" WE DON'T NEED A GOVERNMENT WE HAVE ONE.
4-13-2022 Newshound/Intel Guru Mnt Goat "THE OLD PRICE IS COMING..POLITICAL FORCES AGREE ON A MAP TO REDUCE THE EXCHANGE RATES OF THE DOLLAR AGAINST THE DINAR" But what is the “old price” they are talking about? 1450 –> 1120 OR 1450 –> $3+ Quote: "The coordinating framework, with all its might, is agreed to reconsider the dollar exchange rate file through a supreme committee consisting of experts to develop a road map" This roadmap to changing the exchange rate is already completed. It was completed in 2011. Remember the CBI is in charge of monetary policy not non-elected or elected officials...
4-13-2022 Newshound Guru Pimpy Article: "Parliament will ask the government to send the 2022 budget" As they should. The current government that's in control right now will continue to stay in control until the ones that were chosen and voted in take over. And since that's the case there's a request for them to send over the 2022 budget. We're already in April and the budget hasn't even been approved...
4-13-2022 Newshound Guru Deepwoodz Article: "Al-Kazemi announces bold decisions to protect citizens" You have Kadhimi proposing the Food Security Law that MUST be passed to protect the citizens but somehow he can’t do the same thing for the 2022 Budget Law? ...they’ve had the budget ready since last year and they could certainly have presented it in October...Makes absolutely no sense...The only common denominator I see are the Iranian influence. They didn’t want to reveal it to the last parliament because of them. They don’t want to reveal it yet until they finish the process of creating a government without Maliki in particular and Iranian influence in general...Kadhimi will be the PM again.
4-13-2022 Newshound Guru Godlover Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament " Quote: "The head of the Supreme Judicial Council, Faeq Zaidan, confirmed on Saturday that the Iraqi constitution permits the declaration of an "emergency government" despite the absence of an explicit text for that..." The caretaker government for some time was in limbo imo. As far as them continuing was never a complete doubt, after all many articles mentioned them continuing another year potentially if all else failed, which it did. I still do not think they had full authority until recently with the courts decision imo.
4-13-2022 Intel Guru MarkZ [via PDK] I am being told Easter week is a “go”. I am praying this is it…so many are desperately in need.
4-13-2022 Intel Guru Militiaman My view is that there is way to much evidence that a change is coming and quickly... The liquidity issue if they haven't printed new money, it is an injection of already printed large notes. Fairly simple to me. It is gesture imo on their part to make sure the poor has liquidity. There has been no proof there is any new large notes injected into the economy. If there was it would not be at 1460 or 1470, it would be worse...At this stage, that is highly unlikely to happen...they are geared for a level playing field with a fully IMF compliant Article 8 currency...The WTO is in the wings as well. They will not fully be international until they are in compliance. imo The world is watching..
4-13-2022 Intel Guru Frank26 Article: "Al-Zamili: We will vote to authorize the Al-Kazemi government to send the budget law to the parliament" WE DON'T NEED A GOVERNMENT WE HAVE ONE.
4-13-2022 Newshound/Intel Guru Mnt Goat "THE OLD PRICE IS COMING..POLITICAL FORCES AGREE ON A MAP TO REDUCE THE EXCHANGE RATES OF THE DOLLAR AGAINST THE DINAR" But what is the “old price” they are talking about? 1450 –> 1120 OR 1450 –> $3+ Quote: "The coordinating framework, with all its might, is agreed to reconsider the dollar exchange rate file through a supreme committee consisting of experts to develop a road map" This roadmap to changing the exchange rate is already completed. It was completed in 2011. Remember the CBI is in charge of monetary policy not non-elected or elected officials...
4-12-2022 Intel Guru MarkZ [via PDK] Article: “Parliament will ask the government to send the 2022 budget." This is positive news out of Iraq. They say the old government is still the current government because they have failed to replace them. They want the budget now so they can approve it…Budget equals rate increase... So that is solid news from Iraq today. So all eyes will be watching Iraq do something…hopefully tomorrow on the budget...We do not the timing of the RV but it is getting closer.
4-12-2022 Newshound Guru Pimpy Still got the issue of trying to establish a government. Right now we're still in that time period that Sadr gave the Coordination Framework. There's a lot of outside interest coming in and trying to influence and rush this process which is exactly what Sadr did not want to happen...I will be extremely curious as to Sadr's move when he's done with his 40 days of silence...the bad news...a president has not been selected. The good news is that Saleh is still president and Al-Kazemi Prime Minister. And both seem to be kicking butt.
4-12-2022 Newshound Guru Deepwoodz ...The 40 day period Sadr put out has me wondering why. It’s almost as if Kadhimi, Sadr, and the CoM are waiting for something in particular. I just don’t know what.
4-12-2022 Intel Guru MarkZ [via PDK] We don’t even have news yet out of Iraq today as they were supposed to set their budget over the next day or two…I am told its most likely for Easter Weekend for this thing to go…We all know it’s coming guys…
4-12-2022 Newshound/Intel Guru Mnt Goat ...my source in the CBI told me they planned the project to delete the zeros in December 2021 but held off since the election issues, they did not anticipate... we all know the history of the currency and the rates. We all know that the country was not nearly as wealthy as it is today...this tells me they are sincere about reinstating with a very high rate and watching it climb thus the need to be very careful. This was a good sign not a bad sign. It may even come out as high as $4 +...
4-12-2022 Newshound Guru MilitiaMan [Response to Guru Godlover below] It is a theory only as to the 3 zero note issuance. It could be exactly that, they didn’t print any new 3 zero notes just a fresh recirculation of what they have in stock to hold them over. They did say in so many words that there would potentially be arguments on the topic and for people to effectively be careful on the matter. Agreed if they printed more three zero notes and spent money to do so we would be able to see that.. I haven’t yet
4-12-2022 Newshound Guru Godlover [Response to Guru Militiaman 4-11-2022] The intel provided has talked about removing as many 3 zero notes as possible. Now we are to believe too many were taken in? If the NSCN's have indeed been printed & the budget is soon to be opened, I see no reason to release more 3 zero notes, when the same liquidity issue could be resolved by releasing the NSCN's. If they release more 3 zero notes, I consider that very bad for something that we all seek in the near future. Lining the poor's pockets with 3 zero notes, although a good theory.... that in itself would go against the removal of the 3 zero notes to begin with imo.
4-12-2022 Intel Guru MarkZ [via PDK] Article: “Head of the Supreme Judicial Council-The Iraqi Constitution authorizes the emergency government.“ Major story on how the emergency government does indeed have the power to move forward with all of these provisions. Also another article stated they have to start pumping currency into the market because of “liquidity Problems”...
4-12-2022 Newshound Guru Pimpy Still got the issue of trying to establish a government. Right now we're still in that time period that Sadr gave the Coordination Framework. There's a lot of outside interest coming in and trying to influence and rush this process which is exactly what Sadr did not want to happen...I will be extremely curious as to Sadr's move when he's done with his 40 days of silence...the bad news...a president has not been selected. The good news is that Saleh is still president and Al-Kazemi Prime Minister. And both seem to be kicking butt.
4-12-2022 Newshound Guru Deepwoodz ...The 40 day period Sadr put out has me wondering why. It’s almost as if Kadhimi, Sadr, and the CoM are waiting for something in particular. I just don’t know what.
4-12-2022 Intel Guru MarkZ [via PDK] We don’t even have news yet out of Iraq today as they were supposed to set their budget over the next day or two…I am told its most likely for Easter Weekend for this thing to go…We all know it’s coming guys…
4-12-2022 Newshound/Intel Guru Mnt Goat ...my source in the CBI told me they planned the project to delete the zeros in December 2021 but held off since the election issues, they did not anticipate... we all know the history of the currency and the rates. We all know that the country was not nearly as wealthy as it is today...this tells me they are sincere about reinstating with a very high rate and watching it climb thus the need to be very careful. This was a good sign not a bad sign. It may even come out as high as $4 +...
4-12-2022 Newshound Guru MilitiaMan [Response to Guru Godlover below] It is a theory only as to the 3 zero note issuance. It could be exactly that, they didn’t print any new 3 zero notes just a fresh recirculation of what they have in stock to hold them over. They did say in so many words that there would potentially be arguments on the topic and for people to effectively be careful on the matter. Agreed if they printed more three zero notes and spent money to do so we would be able to see that.. I haven’t yet
4-12-2022 Newshound Guru Godlover [Response to Guru Militiaman 4-11-2022] The intel provided has talked about removing as many 3 zero notes as possible. Now we are to believe too many were taken in? If the NSCN's have indeed been printed & the budget is soon to be opened, I see no reason to release more 3 zero notes, when the same liquidity issue could be resolved by releasing the NSCN's. If they release more 3 zero notes, I consider that very bad for something that we all seek in the near future. Lining the poor's pockets with 3 zero notes, although a good theory.... that in itself would go against the removal of the 3 zero notes to begin with imo.
4-12-2022 Intel Guru MarkZ [via PDK] Article: “Head of the Supreme Judicial Council-The Iraqi Constitution authorizes the emergency government.“ Major story on how the emergency government does indeed have the power to move forward with all of these provisions. Also another article stated they have to start pumping currency into the market because of “liquidity Problems”...
4-11-2022 Guru Nader From The Mid East Today I read...a newspaper about the CBI and the private sector. They said they achieved positive things. It's true. It's the beginning though. You're gonna see that. I'm sure that's gonna come out in the news. You're gonna see them so don't be surprised. Don't be excited about it too much because they just started working on the private sector. The private sector is one of the main things who can make Iraq financially strong...
4-11-2022 Intel Guru MarkZ [via PDK] Most of my bankers are expecting a “Work Weekend” this upcoming weekend…Other than that it has been quiet on the RV front. I think it’s so quiet because all the decisions that are necessary have been made…So at this point it may be quiet until the switch is flipped...We don’t control the timing but the writing is all over the wall that it is coming.
4-11-2022 Newshound Guru Militiaman Okay, then do to delays that may need to be addressed in the short term of liquidity issues. Or could it be that they want to use what good currency left of the three zero notes they have on hand to help line the pockets of the poor? ...Lets say they issue more three zero notes then, once completed, they RI to a previous era. The poor get a serious stimulus package for all the suffering they have had to endure. The NSCN's also under scrutiny, can follow along with the new digital systems...? We shall see.. imo I have a hard time believing that at this stage 3 zero notes are for longevity... JMTC [Post 2 of 2]
4-11-2022 Newshound Guru Militiaman Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" Lets think about the part about the helping of the citizens. They were hurt the most and may benefit largely with a Re Instatement of the IQD. As for liquidity for the street. Didn't they spend $10s of millions of dollars in printing new currency in 2018? Yes, they did. They were not three zero notes, imo. They were NSCNs and likely fils , as noted by the $54 million spent for currency issuance 08/31/2018 per the CBI. WE also watched the video showing the were destroying 3 zero notes around that time frame. [Post 1 of 2....stay tuned]
4-11-2022 Newshound Guru Pimpy I heard somebody saying, 'No Pimpy is wrong. He doesn't know what he's talking about. There is plenty of money from the oil and that's how we're gonna get the rate change.' If oil price plunges again, what do you think it's going to happen in Iraq? Their economy is going to tank and they're going to be right back to square one struggling...They are making a lot of money right now but...there are a lot of factors taken into consideration before you can change the exchange rate...first things first they've got to get a government in there...
4-11-2022 Newshound Guru Godlover Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" I have been racking my brain trying to figure out the logic to this article...it would not make sense to pump more 3 zero notes into the streets, especially when intel is stating they have been collecting the notes for several months. But what gets me is, as some seem to think it could be the NSCN's, that cannot be imo. After all, the NSCN's would be useless at the current program rate. Not to mention that the article seems to imply that this would be a solution (temporary?) until the budget is approved. Maybe they are referring to USD? I don't know. I did not expect an article like this, at this time...
4-11-2022 Intel Guru MarkZ [via PDK] What have we heard over the weekend? Some pretty positive stuff…They are very keen that this could be our week. My banking folks here are expecting redemption centers to be open later on this week as well. They are very keyed up for this week. I don’t know what changed over the weekend but, reports started coming in late last night that everything is staged and prepared.
4-11-2022 Newshound Guru Deepwoodz Article: "Can the Al-Kazemi government send the 2022 budget to Parliament?" The constitution is clear. There is nothing in it to suggest a weak government or a caretaker government that can’t perform like normal. Anyone can read it for themselves.
4-11-2022 Intel Guru Frank26 Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" THEY NEED SOME LIQUIDITY UNTIL THEY RELEASE THE NEW CURRENCY AND THE NEW EXCHANGE RATE… IT IS THE DELAYS THAT CAUSED THIS. THIS IS NOT THE NSCN’S THEY ARE TALKING ABOUT...
4-11-2022 Intel Guru Holly ...All I will say is things look very good. Lots of good news. I don’t want to say much as we are very critical right now.
4-11-2022 Newshound/Intel Guru RVAlready I think the budget is going to parliament this week. As parliament already promised to give the people the RV as a first priority, I expect the budget with the RV to pass.
4-11-2022 Intel Guru MarkZ [via PDK] Most of my bankers are expecting a “Work Weekend” this upcoming weekend…Other than that it has been quiet on the RV front. I think it’s so quiet because all the decisions that are necessary have been made…So at this point it may be quiet until the switch is flipped...We don’t control the timing but the writing is all over the wall that it is coming.
4-11-2022 Newshound Guru Militiaman Okay, then do to delays that may need to be addressed in the short term of liquidity issues. Or could it be that they want to use what good currency left of the three zero notes they have on hand to help line the pockets of the poor? ...Lets say they issue more three zero notes then, once completed, they RI to a previous era. The poor get a serious stimulus package for all the suffering they have had to endure. The NSCN's also under scrutiny, can follow along with the new digital systems...? We shall see.. imo I have a hard time believing that at this stage 3 zero notes are for longevity... JMTC [Post 2 of 2]
4-11-2022 Newshound Guru Militiaman Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" Lets think about the part about the helping of the citizens. They were hurt the most and may benefit largely with a Re Instatement of the IQD. As for liquidity for the street. Didn't they spend $10s of millions of dollars in printing new currency in 2018? Yes, they did. They were not three zero notes, imo. They were NSCNs and likely fils , as noted by the $54 million spent for currency issuance 08/31/2018 per the CBI. WE also watched the video showing the were destroying 3 zero notes around that time frame. [Post 1 of 2....stay tuned]
4-11-2022 Newshound Guru Pimpy I heard somebody saying, 'No Pimpy is wrong. He doesn't know what he's talking about. There is plenty of money from the oil and that's how we're gonna get the rate change.' If oil price plunges again, what do you think it's going to happen in Iraq? Their economy is going to tank and they're going to be right back to square one struggling...They are making a lot of money right now but...there are a lot of factors taken into consideration before you can change the exchange rate...first things first they've got to get a government in there...
4-11-2022 Newshound Guru Godlover Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" I have been racking my brain trying to figure out the logic to this article...it would not make sense to pump more 3 zero notes into the streets, especially when intel is stating they have been collecting the notes for several months. But what gets me is, as some seem to think it could be the NSCN's, that cannot be imo. After all, the NSCN's would be useless at the current program rate. Not to mention that the article seems to imply that this would be a solution (temporary?) until the budget is approved. Maybe they are referring to USD? I don't know. I did not expect an article like this, at this time...
4-11-2022 Intel Guru MarkZ [via PDK] What have we heard over the weekend? Some pretty positive stuff…They are very keen that this could be our week. My banking folks here are expecting redemption centers to be open later on this week as well. They are very keyed up for this week. I don’t know what changed over the weekend but, reports started coming in late last night that everything is staged and prepared.
4-11-2022 Newshound Guru Deepwoodz Article: "Can the Al-Kazemi government send the 2022 budget to Parliament?" The constitution is clear. There is nothing in it to suggest a weak government or a caretaker government that can’t perform like normal. Anyone can read it for themselves.
4-11-2022 Intel Guru Frank26 Article: "Parliamentary Investment: We will monitor the process of pumping currency into the market" THEY NEED SOME LIQUIDITY UNTIL THEY RELEASE THE NEW CURRENCY AND THE NEW EXCHANGE RATE… IT IS THE DELAYS THAT CAUSED THIS. THIS IS NOT THE NSCN’S THEY ARE TALKING ABOUT...
4-11-2022 Intel Guru Holly ...All I will say is things look very good. Lots of good news. I don’t want to say much as we are very critical right now.
4-11-2022 Newshound/Intel Guru RVAlready I think the budget is going to parliament this week. As parliament already promised to give the people the RV as a first priority, I expect the budget with the RV to pass.
4-10-2022 Newshound Guru Adam Montana ... it occurs to me that some people forget what a big deal Ramadan is, and also when it is. Ramadan isn't observed on the same dates everywhere - for Iraq this year, it is April 1 to May 1...Traditionally, nothing major happens during Ramadan...however... Despite the holiday, there are things being done over in the desert...stay tuned!
4-10-2022 Newshound Guru Godlover Article: "What are the measures that al-Sadr will take after the Eid al-Fitr holiday? A leader in the movement reveals the vocabulary of this plan!" Quote: "al-Sadr will go after Eid al-Fitr in the consultations to form the government after the coordinating framework has fulfilled the deadline given to him."
4-10-2022 Newshound Guru Deepwoodz Article: "The Supreme Judiciary: There is no constitutional provision related to the term caretaker government" This clears up a lot of the disinformation that’s been happening for years. Now it’s on record that the current government is not a crippled, weak, or powerless government. In fact it’s the best government they’ve ever had, and the one that will get credit for bringing Iraq back from the dark ages.
4-10-2022 Newshound Guru Sandy Ingram Article: "Oil Minister: We seek to maximize oil revenues as soon as possible" The Oil Minister in Iraq says oil prices will continue to increase by the end of this year. He also is in the process of maximizing oil revenue in the fastest way and still maintain the stability of the energy market and Iraq's share of the world's market...He is singing the same song that other ministers from Iraq are singing...Iraq needs a lot of money to bring the country back...they are talking about everything but currency revalue or float.
4-10-2022 Newshound Guru Pimpy - Speculation plays a role... Political and Economic Conditions - ...95% of their annual budget for the government comes from oil sales. That's not good. That's not stable...the good thing...they're generating so much money from oil sales that they can invest in the private sector... - Political - they're in political turmoil. They can't even form a government... - Future Prospects - ...We know the future prospects of Iraq look very good...[but] no, the fact that they're...generating a ton of money from oil isn't the only determining factor in the Iraqi dinar exchange rate. They got most of the pieces there. [Post 2 of 2]
4-10-2022 Newshound Guru Pimpy You're gonna hear all these people out there arguing 'with this much money being generated by oil - Pimpy's wrong. They're going to change the exchange rate.' No. Because it's more than just how much money the country generates...this is what helps determine a currency's exchange rate - Demand and Supply. If people feel like Iraq is going in a great direction they will invest in their currency. They seem to be on a path going in the right direction but they're moving at the pace of a snail. [Post 1 of 2....stay tuned]
4-10-2022 Newshound Guru Clare Article: "Adviser to Al-Kazemi: Iraq is in an excellent financial situation, and it is time to quickly approve the budget" IT IS GREAT TO SEE THEM TALKING ABOUT THE BUDGET AGAIN..IMO ... THEY CAN LEGALLY SEND IT WITHOUT THE NEW GOVERNMENT IN PLACE ...OR THEY MAY WAIT UNTIL THE GOI IS RESOLVED ... BUT FOR ANYONE TO SAY THEY HAVE TO WAIT FOR THE NEW GOI TO SEND THE BUDGET IS WRONG ACCORDING TO THEIR LEGAL POSSIBILITIES.... WE SHALL SEE WHAT THEY DO!
4-10-2022 Newshound Guru MilitiaMan ...budgets can be considered to be an integral part of the society's needs to function and with out a budget in place it can be considered to be an economic emergency, that hurts the citizens, therefore, the caretaker government has the powers to satisfy their needs. The 2022 budget apparently fits the circumstances in the present time, as an emergency issue. That budget could be on the table this next week...
4-10-2022 Newshound Guru Godlover Article: "What are the measures that al-Sadr will take after the Eid al-Fitr holiday? A leader in the movement reveals the vocabulary of this plan!" Quote: "al-Sadr will go after Eid al-Fitr in the consultations to form the government after the coordinating framework has fulfilled the deadline given to him."
4-10-2022 Newshound Guru Deepwoodz Article: "The Supreme Judiciary: There is no constitutional provision related to the term caretaker government" This clears up a lot of the disinformation that’s been happening for years. Now it’s on record that the current government is not a crippled, weak, or powerless government. In fact it’s the best government they’ve ever had, and the one that will get credit for bringing Iraq back from the dark ages.
4-10-2022 Newshound Guru Sandy Ingram Article: "Oil Minister: We seek to maximize oil revenues as soon as possible" The Oil Minister in Iraq says oil prices will continue to increase by the end of this year. He also is in the process of maximizing oil revenue in the fastest way and still maintain the stability of the energy market and Iraq's share of the world's market...He is singing the same song that other ministers from Iraq are singing...Iraq needs a lot of money to bring the country back...they are talking about everything but currency revalue or float.
4-10-2022 Newshound Guru Pimpy - Speculation plays a role... Political and Economic Conditions - ...95% of their annual budget for the government comes from oil sales. That's not good. That's not stable...the good thing...they're generating so much money from oil sales that they can invest in the private sector... - Political - they're in political turmoil. They can't even form a government... - Future Prospects - ...We know the future prospects of Iraq look very good...[but] no, the fact that they're...generating a ton of money from oil isn't the only determining factor in the Iraqi dinar exchange rate. They got most of the pieces there. [Post 2 of 2]
4-10-2022 Newshound Guru Pimpy You're gonna hear all these people out there arguing 'with this much money being generated by oil - Pimpy's wrong. They're going to change the exchange rate.' No. Because it's more than just how much money the country generates...this is what helps determine a currency's exchange rate - Demand and Supply. If people feel like Iraq is going in a great direction they will invest in their currency. They seem to be on a path going in the right direction but they're moving at the pace of a snail. [Post 1 of 2....stay tuned]
4-10-2022 Newshound Guru Clare Article: "Adviser to Al-Kazemi: Iraq is in an excellent financial situation, and it is time to quickly approve the budget" IT IS GREAT TO SEE THEM TALKING ABOUT THE BUDGET AGAIN..IMO ... THEY CAN LEGALLY SEND IT WITHOUT THE NEW GOVERNMENT IN PLACE ...OR THEY MAY WAIT UNTIL THE GOI IS RESOLVED ... BUT FOR ANYONE TO SAY THEY HAVE TO WAIT FOR THE NEW GOI TO SEND THE BUDGET IS WRONG ACCORDING TO THEIR LEGAL POSSIBILITIES.... WE SHALL SEE WHAT THEY DO!
4-10-2022 Newshound Guru MilitiaMan ...budgets can be considered to be an integral part of the society's needs to function and with out a budget in place it can be considered to be an economic emergency, that hurts the citizens, therefore, the caretaker government has the powers to satisfy their needs. The 2022 budget apparently fits the circumstances in the present time, as an emergency issue. That budget could be on the table this next week...
4-9-2022 Newshound Guru Pimpy Article: "Adviser to Al-Kazemi: Iraq is in an excellent financial position, and it is time to quickly approve the budget" Even thought the election has happened and we don't have all the people in the proper places there's still the interim government led by Al-Kazemi... Quote "the past month oil revenues increased to $11 billion dollars...a very large number that is not been recorded for 5 decades...it is time to present the financial budget law as soon as possible..." If you pass this budget that forces the government...to continue with the reform agenda...
4-9-2022 Intel Guru Bruce [via Dinar Wishes] I have heard that we are supposed to have this complete – the end of it all – by the end of April - that is what our sources have received – is that we get started – we do our exchanges and we’re done by or before the end of April...we have quite a way to go – before the end of the month – there’s plenty of time for them to bring us out and do that...Just maybe - just maybe we are closer than we know and this is going to happen for us so let's just stay focused on it -stay in prayer for it - and lets get prepared...
4-9-2022 Intel Guru MarkZ [via PDK] [Hoping this is a “Boom” month] Sure looks like it’s going to be a “Boom” month…so much disclosure happening…I was told by Redemption Center folks that all the I’s are dotted and t’s are crossed. They are prepared to be called into work. Whether that is today, tomorrow or Monday or Tuesday…we don’t know yet. I am expecting more news throughout the day today. Usually Friday night the news goes silent until Sunday Night…so pretty excited that I am hearing from people today…There is no negative news…lots of positive news… I also think we are really close to the end of the movie.
4-9-2022 Newshound Guru Godlover Article: "The Federal Court rejects the lawsuit filed regarding raising the dollar exchange rate" This article isn't good or bad imo. We know that the CBI is in control of the rate, after the government formation of course. This article only states the obvious that the courts don't have the authority, & it does not tell us the direction the CBI will go. The 2022 budget opening will reveal that.
4-9-2022 Newshound Guru BGG 4) Maliki is as close as he as ever been to having his crooked influence jerked up by the roots and removed – entirely. 5) If anyone doubts Sadr’s resolve and true intentions regarding “reforms” – He’s had nearly a decade on the sidelines to “stew on it” (where Maliki’s crooked dealings put him in the first place). If true reforms are what we are after – why is any of this bad for this investment? [Post 2 of 2]
4-9-2022 Newshound Guru BGG So why, exactly, do things not look good for us? [Asked rhetorically?] 1) Never in the history of this investment has there been as much open conversation about their currency value and monetary policy as there has been for the last six months (or year). 2) Iraq has a caretaker government in place – there is no crisis. 3) Their recent elections show a distinct bias towards removing corruption – they want reforms, BIG TIME. [Post 1 of 2....stay tuned]
4-9-2022 Newshound Guru Clare [Response to Guru Godlover's post below] THEY LEGALLY HAVE THE AUTHORITY AS FAR AS THE BUDGET, AS STATED IN THE ARTICLE.... WHY THEY HAVE NOT YET IS NOT KNOWN BY YOU OR BY ME ... SO TO ASSUME IT IS BECAUSE OF RAMADAN IS JUST AN ASSUMPTION WITH NO DATA TO BACK IT UP... BELIEVE WHATEVER YOU WANT.. BUT THERE ARE PLENTY OF OPTIONS TO HAVE THE NEW GOV IN BEFORE RAMADAN IS OVER...
4-9-2022 Intel Guru Bruce [via Dinar Wishes] I have heard that we are supposed to have this complete – the end of it all – by the end of April - that is what our sources have received – is that we get started – we do our exchanges and we’re done by or before the end of April...we have quite a way to go – before the end of the month – there’s plenty of time for them to bring us out and do that...Just maybe - just maybe we are closer than we know and this is going to happen for us so let's just stay focused on it -stay in prayer for it - and lets get prepared...
4-9-2022 Intel Guru MarkZ [via PDK] [Hoping this is a “Boom” month] Sure looks like it’s going to be a “Boom” month…so much disclosure happening…I was told by Redemption Center folks that all the I’s are dotted and t’s are crossed. They are prepared to be called into work. Whether that is today, tomorrow or Monday or Tuesday…we don’t know yet. I am expecting more news throughout the day today. Usually Friday night the news goes silent until Sunday Night…so pretty excited that I am hearing from people today…There is no negative news…lots of positive news… I also think we are really close to the end of the movie.
4-9-2022 Newshound Guru Godlover Article: "The Federal Court rejects the lawsuit filed regarding raising the dollar exchange rate" This article isn't good or bad imo. We know that the CBI is in control of the rate, after the government formation of course. This article only states the obvious that the courts don't have the authority, & it does not tell us the direction the CBI will go. The 2022 budget opening will reveal that.
4-9-2022 Newshound Guru BGG 4) Maliki is as close as he as ever been to having his crooked influence jerked up by the roots and removed – entirely. 5) If anyone doubts Sadr’s resolve and true intentions regarding “reforms” – He’s had nearly a decade on the sidelines to “stew on it” (where Maliki’s crooked dealings put him in the first place). If true reforms are what we are after – why is any of this bad for this investment? [Post 2 of 2]
4-9-2022 Newshound Guru BGG So why, exactly, do things not look good for us? [Asked rhetorically?] 1) Never in the history of this investment has there been as much open conversation about their currency value and monetary policy as there has been for the last six months (or year). 2) Iraq has a caretaker government in place – there is no crisis. 3) Their recent elections show a distinct bias towards removing corruption – they want reforms, BIG TIME. [Post 1 of 2....stay tuned]
4-9-2022 Newshound Guru Clare [Response to Guru Godlover's post below] THEY LEGALLY HAVE THE AUTHORITY AS FAR AS THE BUDGET, AS STATED IN THE ARTICLE.... WHY THEY HAVE NOT YET IS NOT KNOWN BY YOU OR BY ME ... SO TO ASSUME IT IS BECAUSE OF RAMADAN IS JUST AN ASSUMPTION WITH NO DATA TO BACK IT UP... BELIEVE WHATEVER YOU WANT.. BUT THERE ARE PLENTY OF OPTIONS TO HAVE THE NEW GOV IN BEFORE RAMADAN IS OVER...
4-8-2021 Intel Guru MarkZ Article ”Advisor to Al Kazemi: Iraq is in an excellent financial position and it is time to quickly approve the budget” I am being told out of Iraq that in that budget is a substantial rate increase …I don’t know at this point if this means the...Nominal Effective Exchange Rate of about $1.60 or if it’s a full blown $4+ dollar rate. So we don’t know what to expect on the rate yet. This article points out the budget had been approved...they say it’s the highest revenue achieved since 1972....How much was the IQD worth in 1972? ...about $3.38…so that is the point they are making in Iraq that it’s time to move forward with the budget. So that was solid news out of Iraq.
4-8-2022 Newshound Guru Pimpy Article "A long-term transition period that extends to Al-Kazemi and Barham, including cabinet and constitutional amendments" Obviously, that just makes sense. If there's no new government taken over the old government will continue in its place until otherwise.
4-8-2022 Intel Guru Bruce Iraq still has not put out an international rate yet but I think they are being handcuffed - I don't think they can feel confident putting that out until we are ready to go here - Yes they are sovereign - yes they are out of Chapter 7 with the United Nations - yes they have the ability to just go for it...I think they are waiting until this weekend - that's what I'm hearing - This weekend could do that but I don't know what day...
4-8-2022 Newshound Guru Godlover Article "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament" Parliament had/has many laws with them & of course they have the option to vote on them, this is obvious. As far as the budget, I would question if they have the authority.....why not send it? Obvious answer again. All during Ramadan.....again....of course many things will continue, however I suspect that the new POR &/or PM will NOT be elected until AFTER Ramadan, which is something we wait on.
4-8-2022 Newshound/Intel Guru Mnt Goat ...don’t forget all the recent events that have taken place like paying back war reparations to Iraq, then getting out of Chapter VII, then all the news of tying into the “international” banking system. Oh…what about the “White Paper” that is their path to financial freedom and reconstruction. So, let’s not all be so gloomy that this RV did not yet happen and we are in April already. Again as time passed our position gets yet better and better.
4-8-2022 Intel Guru Frank26 Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament”. WE TOLD YOU WEEKS AGO THEY HAD A PLAN AFTER APRIL 6TH AND BEHOLD... Quote: "Iraq has a new, complete parliament, with full powers, and it can pass the budget law."
4-8-2022 Intel Guru MarkZ [via PDK] The news from Iraq, while not meeting our expectations on timing has been overwhelmingly good…and the amount of disclosure released over the last week has been stunning ...Out of Iraq today I am hearing they hope to release the new budget over the weekend or the very first part of next week…even though the new government isn’t completely sat – they should be able to move forward with the economic reform…I am excited about that.
4-8-2022 Newshound Guru Clare Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament" WELL LOOK AT THAT!!!... HOW NICE.... SO IT IS A POSSIBILITY! THIS SHUTS DOWN THE IDEA THAT IT WAS NOT POSSIBLE BECAUSE LEGALLY IT IS...AND THEY ARE WORKING HARD, THE CABINET VOTED A BUNCH OF THINGS YESTERDAY ...A NEW LAW (the food law) AND Ports announce the activation of the customs and tax link program...
4-8-2022 Intel Guru Bob Locke [People are excited because you said you believe things are now “imminent”] It had been so quiet and now suddenly I have had multiple calls and a lot of stuff going on…. A lot I cannot talk about but definitely things are happening. This is going to be an interesting week IMO…Everything is extremely positive right now.
4-8-2022 Newshound Guru Pimpy Article "A long-term transition period that extends to Al-Kazemi and Barham, including cabinet and constitutional amendments" Obviously, that just makes sense. If there's no new government taken over the old government will continue in its place until otherwise.
4-8-2022 Intel Guru Bruce Iraq still has not put out an international rate yet but I think they are being handcuffed - I don't think they can feel confident putting that out until we are ready to go here - Yes they are sovereign - yes they are out of Chapter 7 with the United Nations - yes they have the ability to just go for it...I think they are waiting until this weekend - that's what I'm hearing - This weekend could do that but I don't know what day...
4-8-2022 Newshound Guru Godlover Article "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament" Parliament had/has many laws with them & of course they have the option to vote on them, this is obvious. As far as the budget, I would question if they have the authority.....why not send it? Obvious answer again. All during Ramadan.....again....of course many things will continue, however I suspect that the new POR &/or PM will NOT be elected until AFTER Ramadan, which is something we wait on.
4-8-2022 Newshound/Intel Guru Mnt Goat ...don’t forget all the recent events that have taken place like paying back war reparations to Iraq, then getting out of Chapter VII, then all the news of tying into the “international” banking system. Oh…what about the “White Paper” that is their path to financial freedom and reconstruction. So, let’s not all be so gloomy that this RV did not yet happen and we are in April already. Again as time passed our position gets yet better and better.
4-8-2022 Intel Guru Frank26 Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament”. WE TOLD YOU WEEKS AGO THEY HAD A PLAN AFTER APRIL 6TH AND BEHOLD... Quote: "Iraq has a new, complete parliament, with full powers, and it can pass the budget law."
4-8-2022 Intel Guru MarkZ [via PDK] The news from Iraq, while not meeting our expectations on timing has been overwhelmingly good…and the amount of disclosure released over the last week has been stunning ...Out of Iraq today I am hearing they hope to release the new budget over the weekend or the very first part of next week…even though the new government isn’t completely sat – they should be able to move forward with the economic reform…I am excited about that.
4-8-2022 Newshound Guru Clare Article: "A legal expert reveals a surprise: The caretaker government can send the budget to Parliament" WELL LOOK AT THAT!!!... HOW NICE.... SO IT IS A POSSIBILITY! THIS SHUTS DOWN THE IDEA THAT IT WAS NOT POSSIBLE BECAUSE LEGALLY IT IS...AND THEY ARE WORKING HARD, THE CABINET VOTED A BUNCH OF THINGS YESTERDAY ...A NEW LAW (the food law) AND Ports announce the activation of the customs and tax link program...
4-8-2022 Intel Guru Bob Locke [People are excited because you said you believe things are now “imminent”] It had been so quiet and now suddenly I have had multiple calls and a lot of stuff going on…. A lot I cannot talk about but definitely things are happening. This is going to be an interesting week IMO…Everything is extremely positive right now.
4-7-2022 Intel Guru MarkZ [via PDK] Article: " A legal expert reveals a surprise: The caretaker government in Iraq can send the budget to Parliament" What we are getting from Iraq and a financial expert….is the caretaker government can send the budget to parliament...How this works is when they had a real constitutionally set government that had approved this budget…This was before elections and all this caretaker government stuff... In that budget they had approved the numbers and even approved the rate... So they are saying they can go ahead and implement the budget now with no need to wait…We are hearing they may send it tomorrow, over the weekend or early next week...
4-7-2022 Newshound/Intel Guru Mnt Goat The currency windows are now counterproductive to Iraq and is the problem not the solution. We all need to realize this and the Central Bank of Iraq does already realize this too. So, this gives us assurances that we are close and this reinstatement, our real goal, is close at hand.
4-7-2022 Newshound Guru Kaperoni The concept or idea of a significant RV of the Iraqi dinar goes against every principle of monetary policy. There is no chance the central bank would ever significantly RV the Iraqi dinar. Central banks in general make money off the buy/sell of their currency. If the dinar was ever going to go up in value the central bank would do it gradually so they could make commissions off the buy and sell as it appreciates.
4-7-2022 Guru Nader From The Mid East ...They can't even vote for president...come on....The real thing is in July. If July, nothing happened, nothing is going to happen. So be patient. Hang in there and we'll see what's going on.
4-7-2022 Intel Guru MarkZ [via PDK] News from Iraq is all over the board. Some articles saying we are at any minute…other articles say it will be many weeks…That was to be expected…it happened that way with Kuwait. We saw the same thing with China before they had an RV. We saw the same thing in Germany after world war 2.
4-7-2022 Newshound Guru Pimpy Article: "The deadline for choosing the President of the Republic and expectations or the intervention of the Federal Court" Today was a deadline and there's no president. They can't get a quorum going. I was wondering what the courts are going to be able to do - It looks like we're going to find our here pretty soon. But yeah you have to have a stable government, stable economy...outside investors, foreign investors who are interested to go into your country to invest in it. All these things are taken in consideration [for a new exchange rate]. We're getting there but not as quickly as a lot of us would like...
4-7-2022 Newshound Guru Godlover Article: "Iraq is awaiting a decision from the Federal Supreme Court regarding the constitutional vacuum" Quote: "The Federal Court is awaiting the political consensus between the conflicting blocs to find an agreement after the month of Ramadan to form the next government and choose the President of the Republic." Yep...Because Ramadan is very sacred to them & they do little to nothing during that holiday.
4-7-2022 Intel Guru MarkZ [I heard Iraq hasn’t set the rate because there are some officials that don’t want to see Americans get wealthy.] There has been an ongoing problem with that from day one. Is it going to keep them from changing the rate? No. Will they revalue the dinar a little lower and let if float? Possibly. Remember that if they do not change the rate- they will not get prosperity. Don’t worry about that.
4-7-2022 Newshound/Intel Guru Mnt Goat The currency windows are now counterproductive to Iraq and is the problem not the solution. We all need to realize this and the Central Bank of Iraq does already realize this too. So, this gives us assurances that we are close and this reinstatement, our real goal, is close at hand.
4-7-2022 Newshound Guru Kaperoni The concept or idea of a significant RV of the Iraqi dinar goes against every principle of monetary policy. There is no chance the central bank would ever significantly RV the Iraqi dinar. Central banks in general make money off the buy/sell of their currency. If the dinar was ever going to go up in value the central bank would do it gradually so they could make commissions off the buy and sell as it appreciates.
4-7-2022 Guru Nader From The Mid East ...They can't even vote for president...come on....The real thing is in July. If July, nothing happened, nothing is going to happen. So be patient. Hang in there and we'll see what's going on.
4-7-2022 Intel Guru MarkZ [via PDK] News from Iraq is all over the board. Some articles saying we are at any minute…other articles say it will be many weeks…That was to be expected…it happened that way with Kuwait. We saw the same thing with China before they had an RV. We saw the same thing in Germany after world war 2.
4-7-2022 Newshound Guru Pimpy Article: "The deadline for choosing the President of the Republic and expectations or the intervention of the Federal Court" Today was a deadline and there's no president. They can't get a quorum going. I was wondering what the courts are going to be able to do - It looks like we're going to find our here pretty soon. But yeah you have to have a stable government, stable economy...outside investors, foreign investors who are interested to go into your country to invest in it. All these things are taken in consideration [for a new exchange rate]. We're getting there but not as quickly as a lot of us would like...
4-7-2022 Newshound Guru Godlover Article: "Iraq is awaiting a decision from the Federal Supreme Court regarding the constitutional vacuum" Quote: "The Federal Court is awaiting the political consensus between the conflicting blocs to find an agreement after the month of Ramadan to form the next government and choose the President of the Republic." Yep...Because Ramadan is very sacred to them & they do little to nothing during that holiday.
4-7-2022 Intel Guru MarkZ [I heard Iraq hasn’t set the rate because there are some officials that don’t want to see Americans get wealthy.] There has been an ongoing problem with that from day one. Is it going to keep them from changing the rate? No. Will they revalue the dinar a little lower and let if float? Possibly. Remember that if they do not change the rate- they will not get prosperity. Don’t worry about that.
4-6-2022 Newshound/Intel Guru Mnt Goat Article: "AL-KAZEMI AFFIRMED THAT IRAQ WILL RETURN TO ITS RIGHTFUL PLACE AND ITS COVENANT KNOWN FOR ITS STRENGTH AND HUMAN AND GLOBAL PRESENCE" We appreciate when these politicians talk about “global” presence or anything international. It shows they are thinking on the right track. Remember just 5 years ago this was not the case.
4-6-2022 Intel Guru MarkZ [via PDK] [What’s the news in Iraq , did they vote?] We are hearing from the 2 largest blocks who rarely agree on anything…that they have agreed and have things fixed…so guess we buckle up and watch this one…. I think a lot of it is just for show as we move forward.
4-6-2022 Newshound Guru Sandy Ingram Learning how to improve your financial portfolio is a wise way to spend our time. For instance, what if the IQD floated to .25 cents next week or next month? If you had 1 million Iraqi dinar to exchange - What would do with $250,000 to build your wealth? There are hundreds of different answers to his question...research is always up to you...
4-6-2022 Intel Guru Bruce [via WiserNow] ...I said I believed that...we are in – “The Final Countdown” right now – so let’s count this thing down...It appears that where we are right now is in a great place for all of this to happen...in terms of what has to happen for everything to come together in this process – I think that we have finally reached that – where we have completed everything that needed to be done...Banks told us we...should be notified sometime tomorrow (Wednesday)...I think we should be within a day or so...I have been in this for 18 years...and I believe we’re in a really good place and we are – in my opinion – in the final countdown...
4-6-2022 Newshound/Intel Guru Mnt Goat ...I must tell you what the CBI and the US Treasury are telling me. They are waiting for the govt to be formed, hoping that the Iranian influence will be under control and have the least impact on Iraqi politics. Also that the Sadr anti-corruption policies work.
4-6-2022 Newshound Guru Pimpy ...What Iraq and OPEC should do is the same thing...We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost. What do you think is going to happen to the currency now that's it's moved into the gold standard? It's only going to get stronger...if you force people to buy the oil using...the Iraqi dinar then it's going to increase the purchasing power of the Iraqi dinar. It's going to make it a stronger currency because more gold is coming in, more people are forced to use the currency - think supply and demand. Demand for the Iraqi dinar would increase big time...they should follow in the footsteps of what Russia is doing. [Post 3 of 3]
4-6-2022 Newshound Guru Pimpy ...You cannot buy Russian oil unless you use the Russian ruble. Right now around the world they use...the Petrodollar. In other words the United States dollar. Russia and China had already agreed to start doing trade in their own currencies. Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks...these people are...moving us back into the gold standard...that's going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil. So what does that have to do with the Iraqi dinar? [post 2 of 3....stay tuned]
4-6-2022 Newshound Guru Pimpy Can actions of Russia help increase the exchange rate of the Iraqi dinar? Oh yeah it could! It absolutely could bring the rate back to where it was in the past...What did Russia do that could help Iraq increase the value of the Iraqi dinar? They moved into the gold standard...through the sale of their oil... Article: "Russia sets fixed gold price as it restarts official bullion purchases" What does this mean? [post 1 of 3....stay tuned]
4-6-2022 Newshound/Intel Guru Mnt Goat You can clearly see on the chart below what the rate of the IQD was in 1972. Today Iraq’s economy is actually much better and pumping more oil now than in 1972. The price of oil is also staying at records high today while in 1972 oil was very low. This article only gives us yet more proof that the rate of the IQD is being artificially manipulated.
4-6-2022 Intel Guru MarkZ [via PDK] [What’s the news in Iraq , did they vote?] We are hearing from the 2 largest blocks who rarely agree on anything…that they have agreed and have things fixed…so guess we buckle up and watch this one…. I think a lot of it is just for show as we move forward.
4-6-2022 Newshound Guru Sandy Ingram Learning how to improve your financial portfolio is a wise way to spend our time. For instance, what if the IQD floated to .25 cents next week or next month? If you had 1 million Iraqi dinar to exchange - What would do with $250,000 to build your wealth? There are hundreds of different answers to his question...research is always up to you...
4-6-2022 Intel Guru Bruce [via WiserNow] ...I said I believed that...we are in – “The Final Countdown” right now – so let’s count this thing down...It appears that where we are right now is in a great place for all of this to happen...in terms of what has to happen for everything to come together in this process – I think that we have finally reached that – where we have completed everything that needed to be done...Banks told us we...should be notified sometime tomorrow (Wednesday)...I think we should be within a day or so...I have been in this for 18 years...and I believe we’re in a really good place and we are – in my opinion – in the final countdown...
4-6-2022 Newshound/Intel Guru Mnt Goat ...I must tell you what the CBI and the US Treasury are telling me. They are waiting for the govt to be formed, hoping that the Iranian influence will be under control and have the least impact on Iraqi politics. Also that the Sadr anti-corruption policies work.
4-6-2022 Newshound Guru Pimpy ...What Iraq and OPEC should do is the same thing...We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost. What do you think is going to happen to the currency now that's it's moved into the gold standard? It's only going to get stronger...if you force people to buy the oil using...the Iraqi dinar then it's going to increase the purchasing power of the Iraqi dinar. It's going to make it a stronger currency because more gold is coming in, more people are forced to use the currency - think supply and demand. Demand for the Iraqi dinar would increase big time...they should follow in the footsteps of what Russia is doing. [Post 3 of 3]
4-6-2022 Newshound Guru Pimpy ...You cannot buy Russian oil unless you use the Russian ruble. Right now around the world they use...the Petrodollar. In other words the United States dollar. Russia and China had already agreed to start doing trade in their own currencies. Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks...these people are...moving us back into the gold standard...that's going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil. So what does that have to do with the Iraqi dinar? [post 2 of 3....stay tuned]
4-6-2022 Newshound Guru Pimpy Can actions of Russia help increase the exchange rate of the Iraqi dinar? Oh yeah it could! It absolutely could bring the rate back to where it was in the past...What did Russia do that could help Iraq increase the value of the Iraqi dinar? They moved into the gold standard...through the sale of their oil... Article: "Russia sets fixed gold price as it restarts official bullion purchases" What does this mean? [post 1 of 3....stay tuned]
4-6-2022 Newshound/Intel Guru Mnt Goat You can clearly see on the chart below what the rate of the IQD was in 1972. Today Iraq’s economy is actually much better and pumping more oil now than in 1972. The price of oil is also staying at records high today while in 1972 oil was very low. This article only gives us yet more proof that the rate of the IQD is being artificially manipulated.
4-6-2022 Newshound Guru Godlover "Shakhwan Abdullah: Parliament Will Punish Those Who Leaked The Parliament's Internal Communications" I am hoping that tomorrow [Wednesday] at the very least the POR is elected. A previous article stated that once the POR is elected, the government formation could pass quickly. Then once the government is seated they can then send the budget to parliament. God willing once the budget is read, voted on, signed into law & finally opened, we will see what we all seek.
4-6-2022 Intel Guru MarkZ [via PDK] [..do you still confident that the Dinar, Dong...exchange at once and can you please go over the rates again?] I do feel confident that they are going at the same time…i am still hearing we may get close to $6 on the dinar with a street rate around $4 on the dinar... I am still hearing close to $2.30 on the dong…
4-6-2022 Newshound/Intel Guru RVAlready I hope the court makes a ruling specifying the president, the PM, all the cabinet members, and the RV rate. I think these people have violated the constitution, and the federal court will now deliver the smack down. Anything else will just lead to more of what we have seen for the last several months.
4-5-2022 Intel Guru MarkZ [via PDK] It has been exceptionally quiet on the RV front today. But I am being told it is all coming together as we speak...I know they are expected to get a government squared away tomorrow. Or they reinstate the government that was there before…either way I hear that will figured out tomorrow. Hopefully that will be a positive sign we will see movement tomorrow.
4-5-2022 Newshound Guru Pimpy If you're expecting Iraq to have an RI or an RV within the next week, two weeks, two months you are sadly mistaken. The first thing that has to happen is a government has to be formed...
4-5-2022 Newshound Guru Godlover Article: "Lawyers and observers propose an extension of the Al-Kazemi government for a year to pass the budget, complete the dues, and overcome the political blockage" If that article is accurate, it only validates the next budget will not be what we all hope for. It speaks of K forming a new government within a year. Certainly no one could possibly think that the monetary reforms is going to happen prior to a new seated government. Many still talk about CBI being independent, which is fine...but there will still be the need for a new seated government prior. It truly is only common sense. I am actually hoping they elect to POR & maybe the PM on the 6th. This new scenario could drag on the whole temp term.
4-5-2022 Newshound/Intel Guru Mnt Goat So why is the rate being artificially suppressed? ...since the IQD is not yet trading internationally on FOREX. Once on FOREX it is governed by the market demand and other restrictions. The CBI can not manipulate it then. This is the real reason why they hesitate to reinstate it. They are corrupt and manipulating the rate. So, please don’t tell me they need to work on the economy or create more stability. This is all hogwash and subject to excuses.
4-5-2022 Guru Nader From The Mid East I'm gonna tell you why the Supreme Court rejected the exchange rate - for two things. First thing is they don't want to be involved. They was the CBI to make the decision...I talk to my friend a journalist and a banker and that's what it says. Second thing they're not sure about the exchange rate. One day they say yes. One day they say no...I'm glad they they did reject it because they will ask for 1250 or 1200 or something like that. That's not good for us so I'm glad they did that. Now it's up to the CBI to make a decision...I think it's gonna change. I don't know how long it's gonna take but it's gonna change...
4-5-2022 Intel Guru MarkZ [via PDK] ...out of Iraq they are anticipating things to happen between the 4th and the 6th… But it’s been very quiet the last 24 hours from Iraq. We are late in the day of the 5th-iraqi time…so to hit that timeline something really needs to break asap.
4-5-2022 Newshound Guru Pimpy Article: "The Federal Court rejects the Lawsuit filed regarding raising the price of the dollar" What kind of power does the court have to do anything? ...they don't...the central bank is the one that will determine the exchange rate...So this [court decision] shouldn't be any surprise whatsoever...I'm not sure what the courts could do when...it comes to the Iraqi dinar exchange rate. That's not their place. But every day it allows me to be more and more curious...in the role the courts are going to play in this election. Obviously we don't have to worry about the currency no more, they just dismissed it...
4-5-2022 Newshound Guru Sandy Ingram The less we hear from the Central Bank of Iraq and news on the currency revaluation the better it is. We know these changes take place in silence and then there are sudden announcements to the public...
4-5-2022 Intel Guru MarkZ [via PDK] [Articles calling this a scam from DOJ/Forbes 2005] Yes…They did not want us investing in this…. They never expected us to find out about it…. The number of hit pieces run on these currencies is unreal…and these are the same people that ran the articles about the Kuwait dinar RV not being real…and we know that was 100% real…originally it was only supposed to be for the elite and their friends…but then the public found out…so they do their best to try to make us give up…. So, do you believe the political operatives trying to protect the banking elite…or do You believe people like Dr. Shabibi and the people at the other end making the RV happen for the Iraqi people?
4-5-2022 Newshound Guru Pimpy If you're expecting Iraq to have an RI or an RV within the next week, two weeks, two months you are sadly mistaken. The first thing that has to happen is a government has to be formed...
4-5-2022 Newshound Guru Godlover Article: "Lawyers and observers propose an extension of the Al-Kazemi government for a year to pass the budget, complete the dues, and overcome the political blockage" If that article is accurate, it only validates the next budget will not be what we all hope for. It speaks of K forming a new government within a year. Certainly no one could possibly think that the monetary reforms is going to happen prior to a new seated government. Many still talk about CBI being independent, which is fine...but there will still be the need for a new seated government prior. It truly is only common sense. I am actually hoping they elect to POR & maybe the PM on the 6th. This new scenario could drag on the whole temp term.
4-5-2022 Newshound/Intel Guru Mnt Goat So why is the rate being artificially suppressed? ...since the IQD is not yet trading internationally on FOREX. Once on FOREX it is governed by the market demand and other restrictions. The CBI can not manipulate it then. This is the real reason why they hesitate to reinstate it. They are corrupt and manipulating the rate. So, please don’t tell me they need to work on the economy or create more stability. This is all hogwash and subject to excuses.
4-5-2022 Guru Nader From The Mid East I'm gonna tell you why the Supreme Court rejected the exchange rate - for two things. First thing is they don't want to be involved. They was the CBI to make the decision...I talk to my friend a journalist and a banker and that's what it says. Second thing they're not sure about the exchange rate. One day they say yes. One day they say no...I'm glad they they did reject it because they will ask for 1250 or 1200 or something like that. That's not good for us so I'm glad they did that. Now it's up to the CBI to make a decision...I think it's gonna change. I don't know how long it's gonna take but it's gonna change...
4-5-2022 Intel Guru MarkZ [via PDK] ...out of Iraq they are anticipating things to happen between the 4th and the 6th… But it’s been very quiet the last 24 hours from Iraq. We are late in the day of the 5th-iraqi time…so to hit that timeline something really needs to break asap.
4-5-2022 Newshound Guru Pimpy Article: "The Federal Court rejects the Lawsuit filed regarding raising the price of the dollar" What kind of power does the court have to do anything? ...they don't...the central bank is the one that will determine the exchange rate...So this [court decision] shouldn't be any surprise whatsoever...I'm not sure what the courts could do when...it comes to the Iraqi dinar exchange rate. That's not their place. But every day it allows me to be more and more curious...in the role the courts are going to play in this election. Obviously we don't have to worry about the currency no more, they just dismissed it...
4-5-2022 Newshound Guru Sandy Ingram The less we hear from the Central Bank of Iraq and news on the currency revaluation the better it is. We know these changes take place in silence and then there are sudden announcements to the public...
4-5-2022 Intel Guru MarkZ [via PDK] [Articles calling this a scam from DOJ/Forbes 2005] Yes…They did not want us investing in this…. They never expected us to find out about it…. The number of hit pieces run on these currencies is unreal…and these are the same people that ran the articles about the Kuwait dinar RV not being real…and we know that was 100% real…originally it was only supposed to be for the elite and their friends…but then the public found out…so they do their best to try to make us give up…. So, do you believe the political operatives trying to protect the banking elite…or do You believe people like Dr. Shabibi and the people at the other end making the RV happen for the Iraqi people?
4-4-2022 Newshound Guru Pimpy It appears Sadr has turned the hen house over to the foxes. This is not good. This is the opposite of what Sadr wanted to do. He was trying to rid the government of corruption and the very corrupt people he was going after he has now turned over the country to them...he won the majority blocks but it doesn't do no good if you can't control the number of votes on the parliamentary floor...He's still short enough members of parliament to get anything passed and that includes setting up the government...
4-4-2022 Intel Guru MarkZ [via PDK] I am getting a lot from military contacts that expect the RV to move this week –before the week is out...
4-4-2022 Newshound Guru Clare Article: "Lawyers and observers propose an extension of the Al-Kazemi government for a year to pass the budget, complete the dues, and overcome the political blockage". ANOTHER GREAT SOLUTION! WOW!!! WHO DOESN'T LIKE THIS ONE! LOL...
4-4-2022 Newshound Guru Sandy Ingram Article: "Iraq's oil export revenue hits monthly high since 1972: ministry". Iraq exported more than 100.56 million barrels of crude oil in March, bringing in revenues of $11.07 billion US dollars, the highest monthly revenue since 1972...The average selling price for crude oil during the month of March was approximately a hundred and ten dollars and nine cents per barrel.
4-4-2022 Intel Guru MarkZ [via PDK] Strange article out of Iraq: “The federal court rejects the lawsuit filed regarding raising the price of the dollar” What I am being told out of Iraq is the reason they did this is not enough of an exchange rate…120,000 dinar for every $100 US dollars…but that also they had already determined the timing and have another case they have to hear on April 6th already as to what to do post-Rv…. So I am getting mixed news out of Iraq right now…I am being told not to pay attention to this article because they have already set the timeline and the new value. My contacts in iraq are still expecting the new rate in Iraq this week.
4-4-2022 Newshound Guru butterfly Article: "Federal Court dismisses a case against the Iraqi dinar devaluation"
4-4-2022 Intel/Newshound Guru BGG Article: "The Federal Court rejects the lawsuit filed regarding raising the price of the dollar" Quote: "The Federal Supreme Court rejected, on Monday, April 4, 2022, the lawsuit related to the re-exchange of the US dollar in relation to the Iraqi dinar to its predecessor, at an amount of 120 thousand Iraqi dinars for every 100 US dollars."
4-4-2022 Newshound Guru Pimpy This is great news... Article: "Iraq achieves the highest financial revenue from oil exports in 50 years" You could say whatever you want about this invasion that's going on but it's definitely benefiting Iraq.
4-4-2022 Intel Guru MarkZ [via PDK] I am getting a lot from military contacts that expect the RV to move this week –before the week is out...
4-4-2022 Newshound Guru Clare Article: "Lawyers and observers propose an extension of the Al-Kazemi government for a year to pass the budget, complete the dues, and overcome the political blockage". ANOTHER GREAT SOLUTION! WOW!!! WHO DOESN'T LIKE THIS ONE! LOL...
4-4-2022 Newshound Guru Sandy Ingram Article: "Iraq's oil export revenue hits monthly high since 1972: ministry". Iraq exported more than 100.56 million barrels of crude oil in March, bringing in revenues of $11.07 billion US dollars, the highest monthly revenue since 1972...The average selling price for crude oil during the month of March was approximately a hundred and ten dollars and nine cents per barrel.
4-4-2022 Intel Guru MarkZ [via PDK] Strange article out of Iraq: “The federal court rejects the lawsuit filed regarding raising the price of the dollar” What I am being told out of Iraq is the reason they did this is not enough of an exchange rate…120,000 dinar for every $100 US dollars…but that also they had already determined the timing and have another case they have to hear on April 6th already as to what to do post-Rv…. So I am getting mixed news out of Iraq right now…I am being told not to pay attention to this article because they have already set the timeline and the new value. My contacts in iraq are still expecting the new rate in Iraq this week.
4-4-2022 Newshound Guru butterfly Article: "Federal Court dismisses a case against the Iraqi dinar devaluation"
4-4-2022 Intel/Newshound Guru BGG Article: "The Federal Court rejects the lawsuit filed regarding raising the price of the dollar" Quote: "The Federal Supreme Court rejected, on Monday, April 4, 2022, the lawsuit related to the re-exchange of the US dollar in relation to the Iraqi dinar to its predecessor, at an amount of 120 thousand Iraqi dinars for every 100 US dollars."
4-4-2022 Newshound Guru Pimpy This is great news... Article: "Iraq achieves the highest financial revenue from oil exports in 50 years" You could say whatever you want about this invasion that's going on but it's definitely benefiting Iraq.
4-3-2022 Newshound Guru Pimpy This is good news. Article: "For adventurous tourists who are unafraid of the occasional military roadblock, the hot new destinations is Iraq" ...I've seen many videos on YouTube that people are over there and they are sightseeing and there's not been a lot of problems so that's a good thing. Tourism is a big money maker for Iraq. Between oil prices going up and tourism increasing things are looking good for Iraq...this article goes on to say that tourism has increased over there in Iraq and more and more people are starting to go and visit. This is a good thing for Iraq..
4-3-2022 Newshound Guru Sandy Ingram The clergy who won many of the parliament seats says he will back down for 40 days in order to give parliament time to build an Iraqi government...this news story comes to us from ABC News. The theory behind the political boycotts is the Iran-backed politicians do not approve of the Kurdistan's candidates for president and the prime minister... [post 2 of 2]
4-3-2022 Newshound Guru Sandy Ingram ABC News Article: "Iraqi cleric steps back, asks rivals to try form government" This information came out on Friday and is all over the internet. For a third time, parliament was not able to form a government. The Iran-backed politicians did not show up to vote for a new Iraqi president who would then facilitate the nomination and vote for the new prime minister. This is what's happening now: [post 1 of 2....stay tuned]
4-3-2022 Newshound Guru Pimpy Article: "The Sadrist movement enters a state of media silence throughout the month of Ramadan" We probably won't hear anything from Sadr during this time. That's probably why he gave them [Maliki and his Framework political block] 40 days to do something about it. We're obviously still stuck on figuring out how this government can be formed and who's going to be responsible for forming it...
4-3-2022 Newshound Guru Petra So, sit tight, the GOI does not make the RI decisions...bad actors in Parliament, will force outside entities to push the CBI to move forward IMO...They are working and getting things done...In summation, relax, it may not be in Iraq's hands much longer because the world...is talking!!!!....It truly is a circus but the true thinkers in Iraq are not getting lost in that craziness. They know what is important and they are preparing all steps to make sure they are ready when the CBI pulls the trigger... [Post 2 of 2]
4-3-2022 Newshound Guru Petra The world is going thru change...a bigger picture that will require Iraq to reinstate their currency...Putin is...demanding all transactions now to be in Rubles. Putin has also asset backed his currency with Gold. So what is happening? The Fiat system, as we know it today, is being threatened to drive the other currencies in the world to follow suit...Russia has a...strategy. Oil and Gold!!! What is Iraq rich in? Oil and Gold. My point being, they cannot stand on the sidelines too much longer and not get lost in the global economics of change occurring...NOW! [Post 1 of 2...stay tuned]
4-3-2022 Intel Guru MarkZ [via PDK] I am still being told that the expectation is full blown numbers for us between the 4th and the 6th…possibly starting as early as Sunday Night…that is what I am still hearing.
4-3-2022 Newshound Guru Militiaman Now that we are at the political crossroad with the GOI...Lets see if that red light of the politics gets sorted while we wait for that green light of the next IQD exchange rate to go live. There comes a time where the system will require the CBI to make an independent move and inter connect with the region and the world, and that move imo may precede the politics if need be. We shall see though. They didn't get this far to stop the bus, they have it fueled and fully tuned and ready to rill imo.. Time is short from view point.
4-3-2022 Newshound Guru Sandy Ingram The clergy who won many of the parliament seats says he will back down for 40 days in order to give parliament time to build an Iraqi government...this news story comes to us from ABC News. The theory behind the political boycotts is the Iran-backed politicians do not approve of the Kurdistan's candidates for president and the prime minister... [post 2 of 2]
4-3-2022 Newshound Guru Sandy Ingram ABC News Article: "Iraqi cleric steps back, asks rivals to try form government" This information came out on Friday and is all over the internet. For a third time, parliament was not able to form a government. The Iran-backed politicians did not show up to vote for a new Iraqi president who would then facilitate the nomination and vote for the new prime minister. This is what's happening now: [post 1 of 2....stay tuned]
4-3-2022 Newshound Guru Pimpy Article: "The Sadrist movement enters a state of media silence throughout the month of Ramadan" We probably won't hear anything from Sadr during this time. That's probably why he gave them [Maliki and his Framework political block] 40 days to do something about it. We're obviously still stuck on figuring out how this government can be formed and who's going to be responsible for forming it...
4-3-2022 Newshound Guru Petra So, sit tight, the GOI does not make the RI decisions...bad actors in Parliament, will force outside entities to push the CBI to move forward IMO...They are working and getting things done...In summation, relax, it may not be in Iraq's hands much longer because the world...is talking!!!!....It truly is a circus but the true thinkers in Iraq are not getting lost in that craziness. They know what is important and they are preparing all steps to make sure they are ready when the CBI pulls the trigger... [Post 2 of 2]
4-3-2022 Newshound Guru Petra The world is going thru change...a bigger picture that will require Iraq to reinstate their currency...Putin is...demanding all transactions now to be in Rubles. Putin has also asset backed his currency with Gold. So what is happening? The Fiat system, as we know it today, is being threatened to drive the other currencies in the world to follow suit...Russia has a...strategy. Oil and Gold!!! What is Iraq rich in? Oil and Gold. My point being, they cannot stand on the sidelines too much longer and not get lost in the global economics of change occurring...NOW! [Post 1 of 2...stay tuned]
4-3-2022 Intel Guru MarkZ [via PDK] I am still being told that the expectation is full blown numbers for us between the 4th and the 6th…possibly starting as early as Sunday Night…that is what I am still hearing.
4-3-2022 Newshound Guru Militiaman Now that we are at the political crossroad with the GOI...Lets see if that red light of the politics gets sorted while we wait for that green light of the next IQD exchange rate to go live. There comes a time where the system will require the CBI to make an independent move and inter connect with the region and the world, and that move imo may precede the politics if need be. We shall see though. They didn't get this far to stop the bus, they have it fueled and fully tuned and ready to rill imo.. Time is short from view point.
4-2-2022 Intel Guru MilitiaMan Article "Parliamentary proposal to speed up the approval of the budget" I am liking this one. It is implying there is urgency and a need to see the budget through. The political stalemate is not helping anyone or anything. There has been passed precedent for the budget to be sorted now and that later if need be the budget can be amended. There should be no big problem. So, lets see if there is a budget submitted prior too the 04/06/2022 time frame for the Presidency. Sure will be in interesting time for all to come together.
4-2-2022 Newshound Guru Pimpy Things that influence the exchange rate of the currency, whether or not you have a stable government is one of them. As you can clearly see they can't even get one established. That's not good at all. You're not going to see any type of exchange rate change happen until the government is put into place, they start doing their job, they start increasing the private sector getting people back to work...all these things play a factor in the exchange rate process and value - Not just 'oh they got a lot of oil.' It doesn't work that way...
4-1-2022 Newshound Guru Kaperoni Central Bank of Iraq monetary policy is in cooperation with the IMF. It's strategic, in scientific and nothing is random or arbitrary. Only with the success and growth of Iraq 's economy can the dinar go up in value.
4-2-2022 Intel Guru MarkZ [via PDK] [...Is there any way this Rv or redemption will not occur?] No…we will get it sooner or later…the problem is we do not know the timing...It is only a matter of time. We believe it will be any day now. It is inevitable…
4-2-2022 Newshound Guru Clare Article: "Parliamentary proposal to speed up the approval of the budget" Quote: "proposed a solution to expedite the approval of the general budget 2022." THAT IS VERY INTERESTING! WE SHALL SEE HOW THEY GET IT DONE... BUT DON'T LOOSE SIGHT OF THE END...NOTHING CAN STOP WHAT'S COMING! IMO
4-2-2022 Newshound Guru Pimpy Article: "Iraq MPs fail for third time to elect new president" Right here it says 'Iraqis federal courts have given legislators until April 6 to choose a new president.' I don't know what kind of authority the courts are going to have over the government but it's going to be interesting to see if they get this accomplished... Quote: "...if the deadlines were missed we could reach a point where new elections are decided to break the deadlock." I'm wondering if they have ability or the cojones to go ahead and pull this off, to go ahead and dissolve the parliament and start new elections.
4-2-2022 Intel Guru MarkZ [via PDK] [Ramadan starts tonight [Friday] …will that affect our RV?] I don’t expect it to affect the RV in any way…
I was told many years ago to expect the RV during Ramadan. To let people really take advantage of the holiday and more purchasing power. So I like that its Ramadan….Some feel it’s the most likely time to expect an RV in Iraq.
4-2-2022 Intel Guru Fleming ...The CBI are ready, willing and able to launch the new (restored) golden dinar. This is set and must happen in short order. Timing is being coordinated and rehearsed like a well-tuned orchestra...
4-2-2022 Newshound Guru Pimpy Things that influence the exchange rate of the currency, whether or not you have a stable government is one of them. As you can clearly see they can't even get one established. That's not good at all. You're not going to see any type of exchange rate change happen until the government is put into place, they start doing their job, they start increasing the private sector getting people back to work...all these things play a factor in the exchange rate process and value - Not just 'oh they got a lot of oil.' It doesn't work that way...
4-1-2022 Newshound Guru Kaperoni Central Bank of Iraq monetary policy is in cooperation with the IMF. It's strategic, in scientific and nothing is random or arbitrary. Only with the success and growth of Iraq 's economy can the dinar go up in value.
4-2-2022 Intel Guru MarkZ [via PDK] [...Is there any way this Rv or redemption will not occur?] No…we will get it sooner or later…the problem is we do not know the timing...It is only a matter of time. We believe it will be any day now. It is inevitable…
4-2-2022 Newshound Guru Clare Article: "Parliamentary proposal to speed up the approval of the budget" Quote: "proposed a solution to expedite the approval of the general budget 2022." THAT IS VERY INTERESTING! WE SHALL SEE HOW THEY GET IT DONE... BUT DON'T LOOSE SIGHT OF THE END...NOTHING CAN STOP WHAT'S COMING! IMO
4-2-2022 Newshound Guru Pimpy Article: "Iraq MPs fail for third time to elect new president" Right here it says 'Iraqis federal courts have given legislators until April 6 to choose a new president.' I don't know what kind of authority the courts are going to have over the government but it's going to be interesting to see if they get this accomplished... Quote: "...if the deadlines were missed we could reach a point where new elections are decided to break the deadlock." I'm wondering if they have ability or the cojones to go ahead and pull this off, to go ahead and dissolve the parliament and start new elections.
4-2-2022 Intel Guru MarkZ [via PDK] [Ramadan starts tonight [Friday] …will that affect our RV?] I don’t expect it to affect the RV in any way…
I was told many years ago to expect the RV during Ramadan. To let people really take advantage of the holiday and more purchasing power. So I like that its Ramadan….Some feel it’s the most likely time to expect an RV in Iraq.
4-2-2022 Intel Guru Fleming ...The CBI are ready, willing and able to launch the new (restored) golden dinar. This is set and must happen in short order. Timing is being coordinated and rehearsed like a well-tuned orchestra...
4-1-2022 Intel Guru MarkZ [via PDK] I am still being told that Iraq is expecting a change in value on Monday. I am hoping and praying this is it and no more kicking the can…I am hearing basically what I heard yesterday…just with more confirmations…Still a parliament date on April 6th to decide what to do with all the excess abundance after the RV...this afternoon was very quiet with little or no change to the expected plan.
4-1-2022 Newshound Guru Kaperoni ...talk about an RV based on political accomplishments such as seating of the new government. I assure you the CBI doesn't care, their decisions are based on strategic and scientific monetary policy.
4-1-2022 Intel Guru Bruce [via WiserNow] ... we have a five day window that we could be notified... I’ve got a couple sources that are pointing to the next 2-3 days which would mean over the weekend... and I’ve got another source that’s talking about Monday or Tuesday and it could be we get notified over the weekend and start Monday – or get notified on Monday and start on Tuesday – it’s going to be interesting and it should be a really good weekend... We’re the beneficiary of very high rates on the currencies that we are holding – like the Dinar – Dong...that are going up in value...We believe we have everything done...
4-1-2022 Newshound Guru Sandy Ingram Article: "Tourists trickle back to Iraq despite the dangers". Here's some really good news. Most western governments still issue travel warnings for all or parts of Iraq...the tourist industry is expected to increase regardless of the travel warnings...
4-1-2022 Intel Guru MarkZ [via PDK] There is some movement in Iraq on getting their new government sat. I am still being told though it’s not necessary for the RV...I am being told we are 3-5 days out right now from a change or rate or an RV... This comes from an overwhelming majority of my banking sources. The new rate within 3-5 days makes sense as they will have the April 4th meeting of Iraqs supreme Court for the CBI to justify why there is no new rate yet. Also they have a meeting scheduled in parliament on April 6th to discuss what to do with “Excess funds or abundance of dollars” they expect to have for...security for the Iraqi people.
4-1-2022 Newshound Guru Pimpy ...Iraq, things aren't looking too good there. They cannot seem to get their government officials into office...they're supposed to have had already a president in place within 30 days. They obviously are a little past that. We're going on I think it's our 5th or 6th month and these people still have not got their president there. But now the courts are involved and threat once again of dissolving the parliament and moving into elections all over...
4-1-2022 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF FINANCE SAYS 200 BILLION DINARS TRANSFERRED TO ERBIL SULAIMANI — " Remember what the IMF told Iraq on its audits - they must pay the Kurds on a regular schedule and not hold up their payments. This seems to now be occurring. There will be no RV without this steady streams of payments. So this is all good ...
4-1-2022 Intel Guru MarkZ [via PDK] The chatter out of Iraq is still very positive. In a nutshell they are talking over there what the new government is going to look like, roadblocks to seating the new president have been removed and they expect to have one sat by the 4th…even though their goal was the 6th…It’s interesting that they have 2 goals on the 4th now….To have a new currency rate and anew government sat.
4-1-2022 Newshound Guru Kaperoni ...talk about an RV based on political accomplishments such as seating of the new government. I assure you the CBI doesn't care, their decisions are based on strategic and scientific monetary policy.
4-1-2022 Intel Guru Bruce [via WiserNow] ... we have a five day window that we could be notified... I’ve got a couple sources that are pointing to the next 2-3 days which would mean over the weekend... and I’ve got another source that’s talking about Monday or Tuesday and it could be we get notified over the weekend and start Monday – or get notified on Monday and start on Tuesday – it’s going to be interesting and it should be a really good weekend... We’re the beneficiary of very high rates on the currencies that we are holding – like the Dinar – Dong...that are going up in value...We believe we have everything done...
4-1-2022 Newshound Guru Sandy Ingram Article: "Tourists trickle back to Iraq despite the dangers". Here's some really good news. Most western governments still issue travel warnings for all or parts of Iraq...the tourist industry is expected to increase regardless of the travel warnings...
4-1-2022 Intel Guru MarkZ [via PDK] There is some movement in Iraq on getting their new government sat. I am still being told though it’s not necessary for the RV...I am being told we are 3-5 days out right now from a change or rate or an RV... This comes from an overwhelming majority of my banking sources. The new rate within 3-5 days makes sense as they will have the April 4th meeting of Iraqs supreme Court for the CBI to justify why there is no new rate yet. Also they have a meeting scheduled in parliament on April 6th to discuss what to do with “Excess funds or abundance of dollars” they expect to have for...security for the Iraqi people.
4-1-2022 Newshound Guru Pimpy ...Iraq, things aren't looking too good there. They cannot seem to get their government officials into office...they're supposed to have had already a president in place within 30 days. They obviously are a little past that. We're going on I think it's our 5th or 6th month and these people still have not got their president there. But now the courts are involved and threat once again of dissolving the parliament and moving into elections all over...
4-1-2022 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF FINANCE SAYS 200 BILLION DINARS TRANSFERRED TO ERBIL SULAIMANI — " Remember what the IMF told Iraq on its audits - they must pay the Kurds on a regular schedule and not hold up their payments. This seems to now be occurring. There will be no RV without this steady streams of payments. So this is all good ...
4-1-2022 Intel Guru MarkZ [via PDK] The chatter out of Iraq is still very positive. In a nutshell they are talking over there what the new government is going to look like, roadblocks to seating the new president have been removed and they expect to have one sat by the 4th…even though their goal was the 6th…It’s interesting that they have 2 goals on the 4th now….To have a new currency rate and anew government sat.
3-31-2022 Newshound/Intel Guru Mnt Goat Article: "KURDISTAN REGION IS ABOUT TO ENTER THE GLOBAL ENERGY MAP IN LIGHT OF THE CHANGES TAKING PLACE IN THE REGION AND THE WORLD AT LARGE." Quote: "...the Kurdistan region can provide the entire world with energy, not only Europe , stressing the quest to develop the gas and oil sector..." I don’t know about you but for me this is HUGE….WOW!!!
3-31-2022 Newshound Guru Pimpy Quote "The bankruptcy of the Iraqi Central Bank is incorrect...Bankruptcy is unlikely." That's what I thought...They're saying there's no threat of a bankruptcy. At the same time you can tell they have no interest in changing the exchange rate at the moment. Again, that doesn't mean it's not going to happen.... [Post 2 of 2]
3-31-2022 Newshound Guru Pimpy Article: "Financial Control reveals to / Magazine News/ important information regarding exchange rate" Yes they're still talking about it [The exchange rate]...The rumor is if they change the exchange rate that will somehow bankrupt the Central Bank? Oil prices are higher than ever. There's a surplus of money coming into Iraq . Their foreign reserves build ups so high and they're saying a slight change to the exchange rate would somehow bankrupt the country? That's interesting. [Post 1 of 2....stay tuned]
3-31-2022 Newshound Guru Godlover Question [In your opinion, what is next? I agree they more than likely won't dissolve because they don't follow any laws; imo. So once the 6th comes and goes...can they just stay in limbo?] There is no such thing as a deadline with Iraq . What is next, is eventually they will elect the POR & PM & cabinet...period, at some point. We just wait. I would be pleasantly surprised if they elected a POR by April 6th & they very well could.
3-31-2022 Newshound Guru Clare Article: "The Iraqi government reduces the official working hours during the month of Ramadan". IN PRINT...THEY STILL WORK DURING RAMADAN. imo
3-31-2022 Newshound Guru Militiaman ...The CBI could do as they have in the past, change the rate when they are ready. They have the FM [Finance Minister ?] on board, they even have the politicians all on board based off many articles on the matter. So, it is not like there is going to be any 'hold on a minute.. I didn't want purchasing power... You can't change the rate until all of us politicians sit in our respective seats.' lol...Security and stability and the settlement of differences has been sorted and has played out too. All imo a very good time we are in.
3-31-2022 Intel Guru MarkZ [via PDK] I am hopeful this will finally be “it” this week. I am hopeful Iraq will finally have a new value on the dinar before we hit the fourth on Monday. We are here at what appears to be the end...
3-31-2022 Newshound Guru Samson ...The other way...is for the Prime Minister to submit a request to the President of the Republic to dissolve Parliament...the President of the Republic will issue a republican decree to dissolve Parliament without the need for a vote by the House of Representatives. The only point of controversy in the second option is the absence of a legal text or interpretation of the authority of the caretaker government and the possibility of sending it to such a request to the President of the Republic... [Post 2 of 2]
3-31-2022 Newshound Guru Samson Article: "Disclosure of the deadline for deciding the position of the President of the Republic" Quote: "The deadline for voting on the President of the Republic legally is the sixth of next April...in the event that Parliament fails to resolve the position...the only legal option is to implement the article 61 First of the Constitution ...Article 61 includes two parts... The first is that the House of Representatives dissolves itself at a request submitted by two-thirds of its members...which is an unlikely option... [Post 1 of 2....stay tuned]
3-31-2022 Newshound Guru Kaperoni The only logical and plausible way that the Iraqi dinar could go up in value would be gradually over time so that the money supply could be reduced simultaneously. A currency's value is never random it is based on a country's wealth and GDP...Iraq's own economists have declared that Iraq's entire net worth including all minerals in the ground (including oil) is only around $16 trillion dollars. Currently, Iraq has over 100 trillion dinar in circulation...The dinar appreciation has been discussed many times in Iraq including in the IMF's Article IV Consultation of 2012. The imf's specifically talked about allowing the dinar to gradually appreciate over time...
3-31-2022 Newshound/Intel Guru Mnt Goat Article: "ALI ABDUL-AMIR ALLAWI, CONFIRMED, ON SATURDAY, MARCH 26, 2022, THAT THE WHITE PAPER RESTORED BALANCE TO THE IRAQI ECONOMY" yes, yes, yes, this is exactly the talk we need to hear from the finance minister at this time. It is the White Paper along with pressure from all sides that is going to get us the reinstatement of the dinar back on Forex.
3-31-2022 Newshound Guru Pimpy Quote "The bankruptcy of the Iraqi Central Bank is incorrect...Bankruptcy is unlikely." That's what I thought...They're saying there's no threat of a bankruptcy. At the same time you can tell they have no interest in changing the exchange rate at the moment. Again, that doesn't mean it's not going to happen.... [Post 2 of 2]
3-31-2022 Newshound Guru Pimpy Article: "Financial Control reveals to / Magazine News/ important information regarding exchange rate" Yes they're still talking about it [The exchange rate]...The rumor is if they change the exchange rate that will somehow bankrupt the Central Bank? Oil prices are higher than ever. There's a surplus of money coming into Iraq . Their foreign reserves build ups so high and they're saying a slight change to the exchange rate would somehow bankrupt the country? That's interesting. [Post 1 of 2....stay tuned]
3-31-2022 Newshound Guru Godlover Question [In your opinion, what is next? I agree they more than likely won't dissolve because they don't follow any laws; imo. So once the 6th comes and goes...can they just stay in limbo?] There is no such thing as a deadline with Iraq . What is next, is eventually they will elect the POR & PM & cabinet...period, at some point. We just wait. I would be pleasantly surprised if they elected a POR by April 6th & they very well could.
3-31-2022 Newshound Guru Clare Article: "The Iraqi government reduces the official working hours during the month of Ramadan". IN PRINT...THEY STILL WORK DURING RAMADAN. imo
3-31-2022 Newshound Guru Militiaman ...The CBI could do as they have in the past, change the rate when they are ready. They have the FM [Finance Minister ?] on board, they even have the politicians all on board based off many articles on the matter. So, it is not like there is going to be any 'hold on a minute.. I didn't want purchasing power... You can't change the rate until all of us politicians sit in our respective seats.' lol...Security and stability and the settlement of differences has been sorted and has played out too. All imo a very good time we are in.
3-31-2022 Intel Guru MarkZ [via PDK] I am hopeful this will finally be “it” this week. I am hopeful Iraq will finally have a new value on the dinar before we hit the fourth on Monday. We are here at what appears to be the end...
3-31-2022 Newshound Guru Samson ...The other way...is for the Prime Minister to submit a request to the President of the Republic to dissolve Parliament...the President of the Republic will issue a republican decree to dissolve Parliament without the need for a vote by the House of Representatives. The only point of controversy in the second option is the absence of a legal text or interpretation of the authority of the caretaker government and the possibility of sending it to such a request to the President of the Republic... [Post 2 of 2]
3-31-2022 Newshound Guru Samson Article: "Disclosure of the deadline for deciding the position of the President of the Republic" Quote: "The deadline for voting on the President of the Republic legally is the sixth of next April...in the event that Parliament fails to resolve the position...the only legal option is to implement the article 61 First of the Constitution ...Article 61 includes two parts... The first is that the House of Representatives dissolves itself at a request submitted by two-thirds of its members...which is an unlikely option... [Post 1 of 2....stay tuned]
3-31-2022 Newshound Guru Kaperoni The only logical and plausible way that the Iraqi dinar could go up in value would be gradually over time so that the money supply could be reduced simultaneously. A currency's value is never random it is based on a country's wealth and GDP...Iraq's own economists have declared that Iraq's entire net worth including all minerals in the ground (including oil) is only around $16 trillion dollars. Currently, Iraq has over 100 trillion dinar in circulation...The dinar appreciation has been discussed many times in Iraq including in the IMF's Article IV Consultation of 2012. The imf's specifically talked about allowing the dinar to gradually appreciate over time...
3-31-2022 Newshound/Intel Guru Mnt Goat Article: "ALI ABDUL-AMIR ALLAWI, CONFIRMED, ON SATURDAY, MARCH 26, 2022, THAT THE WHITE PAPER RESTORED BALANCE TO THE IRAQI ECONOMY" yes, yes, yes, this is exactly the talk we need to hear from the finance minister at this time. It is the White Paper along with pressure from all sides that is going to get us the reinstatement of the dinar back on Forex.
3-30-2022 Intel Guru MarkZ Lets talk about the RV. There has been some positive and exciting things happen today...everything may be over real soon. I know you agree that we can’t take any more can kicking and want it done now...may take a week or two before you or I get to go to the banks...I am so excited and really hope we don’t get deflated this time....I really hope I get more incredible news overnight and can’t sleep again...I’m ok with that...
3-30-2022 Newshound Guru Pimpy This is good news. Article: "A rise in Iraq's oil exports to America in a week" The number of barrels of oil that they're sending to the United States has increased which brings more revenue into Iraq. As long as it's being spent wisely we should be happy about that...
3-30-2022 Intel Guru Bruce ...we are still looking for something this week...we are looking at maybe towards the end of the week - If we look at the calendar - we see that Friday is April 1st...Now – we don’t know exactly when we will get notified but it’s quite possible we would receive that Friday and it’s also possible that we could start our exchanges Friday or Saturday – very conceivable...I don’t know whether or not that is the exact plan but we know the physical schedules have been handed out at the redemption centers...So I think it looks like that should be on Friday the 1st...It could be a very interesting weekend for us...
3-30-2022 Intel Guru MarkZ [via PDK] Overnight my phone lit up…from many, many sources…that there was a lot of very successful money movement on the QFS. Testing in the Asian markets...they were moving very large chunks. This has been a problem in the past…transferring funds from our older legacy bank systems with older technologies to the QFS. I am being told money transfers were exceptionally successful last night. ...My bankers are extremely excited about the news coming out... They think this is very, very close. Very successful movements of large blocks of money on the new system. I think this is fantastic. This means they can pull the trigger or flip the switch at any moment now after these successful tests…that is what I am being told.
3-30-2022 Newshound Guru Sandy Ingram Even then the fact that Iraq has overprinted the money may spell trouble for the old currency to the new currency exchange. It would depend on how many people, companies and countries show up for the exchange or even if we are allowed to make the exchange. This is all based on what if Iraq does what Venezuela has done. Iraq would have control over the new currency and it would be in control of their own creation... [Post 2 of 2]
3-30-2022 Newshound Guru Sandy Ingram Article: "Venezuela's risky currency stabilization to tackle inflation" Venezuela's currency is up in value. Can the IQD follow? ...the new Bolivar has against all odds managed to stabilize the economy...We know Iraq has over printed its currency...We know that if Iraq decides to do what Venezuela has done and issues a new currency many of us will or might be in trouble with our investment unless we are willing or even allowed to travel to the Middle East to exchange our old Iraqi dinars for the new Iraqi currency. [Post 1 of 2...stay tuned]
3-30-2022 Intel Guru MarkZ [via PDK] Some folks...are very worried about news out of Iraq. The election to choose the new president has been moved to April 3rd to the 6th now… But, I would like to again point out that they let us know on Monday that they can still move forward with committees, and Saturday they sat the finance committee. I was reassured again that since the finance committee was seated…the banking side and CBI are squared away and they do not need the rest of the Government to RV. If they do not seat a new government by the 6th …the existing government just takes over again.
3-30-2022 Newshound Guru butterfly Only 152 lawmakers showed up for the latest vote...For the third time, Iraqi parliament fails to elect a new president.
3-30-2022 Newshound/Intel Guru Mnt Goat Status of the RV...has not changed. The central bank of Iraq (CBI) still intends to conduct the project to delete the zeros as soon as there is stability in the government...Remember the project to delete the zeros is the next step. The needed financial reforms are complete except for some much needed laws to better control the independent banks operating in Iraq...I assure you just have faith and hang in since it is coming!
3-30-2022 Newshound Guru Samson Article: "The Iraqi parliament fails for the third time to hold a session to elect the president of the republic"
3-30-2022 Intel Guru MarkZ [via PDK] ...if Iraq goes with the NEER (Nominal Effective Exchange Rate)...the rate will float. Right now we are hearing if Iraq does go with the NEER the rate will be about $1.60. This can be used if Iraq gets tired of waiting for the GCR... They want the full amount of over $3.22 but may settle for the lower NEER rate to float if they have to.
3-30-2022 Newshound Guru Pimpy This is good news. Article: "A rise in Iraq's oil exports to America in a week" The number of barrels of oil that they're sending to the United States has increased which brings more revenue into Iraq. As long as it's being spent wisely we should be happy about that...
3-30-2022 Intel Guru Bruce ...we are still looking for something this week...we are looking at maybe towards the end of the week - If we look at the calendar - we see that Friday is April 1st...Now – we don’t know exactly when we will get notified but it’s quite possible we would receive that Friday and it’s also possible that we could start our exchanges Friday or Saturday – very conceivable...I don’t know whether or not that is the exact plan but we know the physical schedules have been handed out at the redemption centers...So I think it looks like that should be on Friday the 1st...It could be a very interesting weekend for us...
3-30-2022 Intel Guru MarkZ [via PDK] Overnight my phone lit up…from many, many sources…that there was a lot of very successful money movement on the QFS. Testing in the Asian markets...they were moving very large chunks. This has been a problem in the past…transferring funds from our older legacy bank systems with older technologies to the QFS. I am being told money transfers were exceptionally successful last night. ...My bankers are extremely excited about the news coming out... They think this is very, very close. Very successful movements of large blocks of money on the new system. I think this is fantastic. This means they can pull the trigger or flip the switch at any moment now after these successful tests…that is what I am being told.
3-30-2022 Newshound Guru Sandy Ingram Even then the fact that Iraq has overprinted the money may spell trouble for the old currency to the new currency exchange. It would depend on how many people, companies and countries show up for the exchange or even if we are allowed to make the exchange. This is all based on what if Iraq does what Venezuela has done. Iraq would have control over the new currency and it would be in control of their own creation... [Post 2 of 2]
3-30-2022 Newshound Guru Sandy Ingram Article: "Venezuela's risky currency stabilization to tackle inflation" Venezuela's currency is up in value. Can the IQD follow? ...the new Bolivar has against all odds managed to stabilize the economy...We know Iraq has over printed its currency...We know that if Iraq decides to do what Venezuela has done and issues a new currency many of us will or might be in trouble with our investment unless we are willing or even allowed to travel to the Middle East to exchange our old Iraqi dinars for the new Iraqi currency. [Post 1 of 2...stay tuned]
3-30-2022 Intel Guru MarkZ [via PDK] Some folks...are very worried about news out of Iraq. The election to choose the new president has been moved to April 3rd to the 6th now… But, I would like to again point out that they let us know on Monday that they can still move forward with committees, and Saturday they sat the finance committee. I was reassured again that since the finance committee was seated…the banking side and CBI are squared away and they do not need the rest of the Government to RV. If they do not seat a new government by the 6th …the existing government just takes over again.
3-30-2022 Newshound Guru butterfly Only 152 lawmakers showed up for the latest vote...For the third time, Iraqi parliament fails to elect a new president.
3-30-2022 Newshound/Intel Guru Mnt Goat Status of the RV...has not changed. The central bank of Iraq (CBI) still intends to conduct the project to delete the zeros as soon as there is stability in the government...Remember the project to delete the zeros is the next step. The needed financial reforms are complete except for some much needed laws to better control the independent banks operating in Iraq...I assure you just have faith and hang in since it is coming!
3-30-2022 Newshound Guru Samson Article: "The Iraqi parliament fails for the third time to hold a session to elect the president of the republic"
3-30-2022 Intel Guru MarkZ [via PDK] ...if Iraq goes with the NEER (Nominal Effective Exchange Rate)...the rate will float. Right now we are hearing if Iraq does go with the NEER the rate will be about $1.60. This can be used if Iraq gets tired of waiting for the GCR... They want the full amount of over $3.22 but may settle for the lower NEER rate to float if they have to.
3-29-2022 Newshound Guru Militiaman Article: "The Minister of Finance, praising the “White Paper”..." The Finance Minister has his committee approved. He is praising the White Papers and the importance of them. The "Transformation into a New Era" should not be lost on anyone. They have been consistently telling us they are going to change the exchange rate and even one where it is to be back to a previous era. The era that supports a "Transformation into a New Era" is for Iraq to revert to an era that mirrors the need for NSCNs and fils. The previous program rate of 1190 or 1182 or 1166 don't and will not work with the NSCNs and fils. There is no data to support that that would be in the White Papers..
3-29-2022 Intel Guru MarkZ [via PDK] Based on people in Iraq - we still expect a new rate before April 4th. So within the next 5 days. Things are looking phenomenal right now.
3-29-2022 Newshound Guru Godlover Now, is the naming of the POR enough? Imo, no. I will look to the PM next to be elected. Will the POR & PM be enough? Doubtful imo. I suspect the cabinet will need to be seated prior to [what] we are all hoping for. With that said, I hope that the new POR &/or PM will send the budget to parliament to get that process going, during the completing of the GOI. Which as I said brings us to mid year-ish imo. Btw, my stance has never wavered. [Post 2 of 2]
3-29-2022 Newshound Guru Godlover Community comment: "...you do have a valid point [Little will get done until after Ramadan] but at some point patterns do get broken...There are a few articles that stated there is an urgency to pass the budget. Not sure if 3 months later...is urgency?? ...your opinion you said mid year, which to me is not logical..." The budget may very well be approved once the government is formed, in fact, I hope so. [Post 1 of 2....stay tuned]
3-29-2022 Newshound Guru Sandy Ingram ABC News Article: "Iraqi lawmakers fail to elect president for a second time" Iraq for the second time failed to elect a president on March 26...because most of the Iran-backed parliament members did not show up and therefore not enough members to have a legal vote. This is a major major news story all over the internet but we understand Iraq a little bit better than most and we know that Iraq will come when they are ready...
3-29-2022 Intel Guru MarkZ [via PDK] [Were your bankers wrong when they said today is the day?] We are going to see…We don’t know yet …They were certainly very hopeful that today is the day. They are all sitting on “Stand by” So I am not ruling it out yet. Upper echelon bankers hope its today...the window is between now and the 6th.
3-29-2022 Newshound Guru Pimpy Nothing, because the rate change had not happened yet. What do you think happened the next day after it was depreciated...? Nothing. That's what happened. How many people from Kuwait realized that the depreciation took place? Very few of them...most people wake up every day...they use the currency they have, they're not paying attention to what the exchange values are. In country the way they notice an exchange rate increase or decrease is by the cost of good and services... [Post 2 of 2]
3-29-2022 Newshound Guru Pimpy Sometimes countries will revalue their currencies from time to time. Most citizens won't even realize it...the only time you'll really recognize it is when you go to buy products and services. You'll see that either it went up in cost or went down in cost. This is from 2007 - Article: "Kuwait in surprise dinar devaluation" This happens in countries from time to time...guess what happened to the Kuwait people the day before this depreciation? What do you think think happened to their money? [Post 1 of 2....stay tuned]
3-29-2022 Intel Guru MarkZ [via PDK] I am still not 100% certain tomorrow [Tuesday] is our day…2 contacs from large International Banks think tomorrow will be the day everything starts…I am praying and hoping it is true...
3-29-2022 Intel Guru RVAlready Parliament getting dissolved would do nothing, and might give Maliki more of a majority. I am hoping if this is not resolved, the federal court will use extraordinary powers to appoint a new president of the republic, and he appoints a new PM. This might defeat Maliki and his friends.
3-29-2022 Intel Guru MarkZ [via PDK] Based on people in Iraq - we still expect a new rate before April 4th. So within the next 5 days. Things are looking phenomenal right now.
3-29-2022 Newshound Guru Godlover Now, is the naming of the POR enough? Imo, no. I will look to the PM next to be elected. Will the POR & PM be enough? Doubtful imo. I suspect the cabinet will need to be seated prior to [what] we are all hoping for. With that said, I hope that the new POR &/or PM will send the budget to parliament to get that process going, during the completing of the GOI. Which as I said brings us to mid year-ish imo. Btw, my stance has never wavered. [Post 2 of 2]
3-29-2022 Newshound Guru Godlover Community comment: "...you do have a valid point [Little will get done until after Ramadan] but at some point patterns do get broken...There are a few articles that stated there is an urgency to pass the budget. Not sure if 3 months later...is urgency?? ...your opinion you said mid year, which to me is not logical..." The budget may very well be approved once the government is formed, in fact, I hope so. [Post 1 of 2....stay tuned]
3-29-2022 Newshound Guru Sandy Ingram ABC News Article: "Iraqi lawmakers fail to elect president for a second time" Iraq for the second time failed to elect a president on March 26...because most of the Iran-backed parliament members did not show up and therefore not enough members to have a legal vote. This is a major major news story all over the internet but we understand Iraq a little bit better than most and we know that Iraq will come when they are ready...
3-29-2022 Intel Guru MarkZ [via PDK] [Were your bankers wrong when they said today is the day?] We are going to see…We don’t know yet …They were certainly very hopeful that today is the day. They are all sitting on “Stand by” So I am not ruling it out yet. Upper echelon bankers hope its today...the window is between now and the 6th.
3-29-2022 Newshound Guru Pimpy Nothing, because the rate change had not happened yet. What do you think happened the next day after it was depreciated...? Nothing. That's what happened. How many people from Kuwait realized that the depreciation took place? Very few of them...most people wake up every day...they use the currency they have, they're not paying attention to what the exchange values are. In country the way they notice an exchange rate increase or decrease is by the cost of good and services... [Post 2 of 2]
3-29-2022 Newshound Guru Pimpy Sometimes countries will revalue their currencies from time to time. Most citizens won't even realize it...the only time you'll really recognize it is when you go to buy products and services. You'll see that either it went up in cost or went down in cost. This is from 2007 - Article: "Kuwait in surprise dinar devaluation" This happens in countries from time to time...guess what happened to the Kuwait people the day before this depreciation? What do you think think happened to their money? [Post 1 of 2....stay tuned]
3-29-2022 Intel Guru MarkZ [via PDK] I am still not 100% certain tomorrow [Tuesday] is our day…2 contacs from large International Banks think tomorrow will be the day everything starts…I am praying and hoping it is true...
3-29-2022 Intel Guru RVAlready Parliament getting dissolved would do nothing, and might give Maliki more of a majority. I am hoping if this is not resolved, the federal court will use extraordinary powers to appoint a new president of the republic, and he appoints a new PM. This might defeat Maliki and his friends.
3-28-2022 Intel Guru MarkZ [via PDK] Iraq is still pushing to have a new value before April 4th. In a article today they state that the choosing a new president is not important to the white papers and the Monetary reform and they are continuing to push forward on returning the rate to a previous era…
3-28-2022 Newshound Guru Kaperoni Like I've been saying for many many years there is no RV. Only with the success of Iraq's economy can the dinar go up in value. There is no RV, there are no redemption centers, it's not how monetary policy works.
3-28-2022 Newshound Guru Pimpy I want them to reinstate the rate. I do. I'll take it. Heck I'll take half that amount...it's not that I don't support the $3.22 rate, of course I do. But my concern is if this isn't handled properly you could damage the economy and hurt the people more than you think and that would be long term...If I'm gonna benefit I hope all benefit especially the people in Iraq...
3-28-2022 Intel Guru MarkZ [via PDK] I am hearing from my banking contacts that they expect a full flow of dollars on Tuesday – TOMORROW …A full flow of not only bonds but also of currencies. This is coming from 2 large International banks...I am excited about that and really hope we see it. We have had so many false starts and I know you are all as frustrated as I am. Even if it’s not tomorrow…It does appear we are in the end of this.
3-28-2022 Newshound Guru MilitiaMan As for training on the NSCN's I have nothing to support that to be true personally, however, I like to believe that WSs [Guru Walkingstick] bank connections would have knowledge of said training...There is nothing to support that the project to delete the zeros is not moving forward and for Iraq to go "Transform To A New Era" . A new era would require the NSCNs to have been printed by now...In my view the wait should not be all that long from here to find out. [Post 2 of 2]
3-28-2022 Newshound Guru MilitiaMan [Response to Guru Godlover's NSCN & Bank Training post below.] Per my personal conversation with [Guru] Delta who reads Arabic, my personal conversation with Pompey Peter and his contacts that have seen the data printed in Arabic spreadsheet showed that the CBI spent tens of millions $ on printing new currency, not to mention the film of them destroying large 000s notes. [Post 1 of 2....stay tuned]
3-28-2022 Newshound Guru Godlover Security & stability will come from a new seated government. I do agree, as everyone likely does, that the NSCN's will not work with a program rate. I wish I could believe the NSCN's had been printed & the training has happened & continues, but I have not seen any evidence of this. Certainly the opening of the 2022 budget will prove one way or the other.
3-28-2022 Newshound Guru Sandy Ingram Iraq exported 15.43% of its oil to 6 European countries during the month of February. Turkey 9.1 MB, Italy 5.1 MB, Greece 4.25 MB, Netherlands 2.05 MB and France 1.01 MB... as investors in the Iraqi Dinar we are hopeful these oil relationships and transactions will continue regardless of the outcome of the disruption in Russia and the Ukraine...
3-28-2022 Newshound Guru Kaperoni Like I've been saying for many many years there is no RV. Only with the success of Iraq's economy can the dinar go up in value. There is no RV, there are no redemption centers, it's not how monetary policy works.
3-28-2022 Newshound Guru Pimpy I want them to reinstate the rate. I do. I'll take it. Heck I'll take half that amount...it's not that I don't support the $3.22 rate, of course I do. But my concern is if this isn't handled properly you could damage the economy and hurt the people more than you think and that would be long term...If I'm gonna benefit I hope all benefit especially the people in Iraq...
3-28-2022 Intel Guru MarkZ [via PDK] I am hearing from my banking contacts that they expect a full flow of dollars on Tuesday – TOMORROW …A full flow of not only bonds but also of currencies. This is coming from 2 large International banks...I am excited about that and really hope we see it. We have had so many false starts and I know you are all as frustrated as I am. Even if it’s not tomorrow…It does appear we are in the end of this.
3-28-2022 Newshound Guru MilitiaMan As for training on the NSCN's I have nothing to support that to be true personally, however, I like to believe that WSs [Guru Walkingstick] bank connections would have knowledge of said training...There is nothing to support that the project to delete the zeros is not moving forward and for Iraq to go "Transform To A New Era" . A new era would require the NSCNs to have been printed by now...In my view the wait should not be all that long from here to find out. [Post 2 of 2]
3-28-2022 Newshound Guru MilitiaMan [Response to Guru Godlover's NSCN & Bank Training post below.] Per my personal conversation with [Guru] Delta who reads Arabic, my personal conversation with Pompey Peter and his contacts that have seen the data printed in Arabic spreadsheet showed that the CBI spent tens of millions $ on printing new currency, not to mention the film of them destroying large 000s notes. [Post 1 of 2....stay tuned]
3-28-2022 Newshound Guru Godlover Security & stability will come from a new seated government. I do agree, as everyone likely does, that the NSCN's will not work with a program rate. I wish I could believe the NSCN's had been printed & the training has happened & continues, but I have not seen any evidence of this. Certainly the opening of the 2022 budget will prove one way or the other.
3-28-2022 Newshound Guru Sandy Ingram Iraq exported 15.43% of its oil to 6 European countries during the month of February. Turkey 9.1 MB, Italy 5.1 MB, Greece 4.25 MB, Netherlands 2.05 MB and France 1.01 MB... as investors in the Iraqi Dinar we are hopeful these oil relationships and transactions will continue regardless of the outcome of the disruption in Russia and the Ukraine...
3-27-2022 Newshound Guru Samson Article: "A legal expert clarifies the time period for choosing the President of the Republic and reveals the details of dissolving Parliament" Quote: "in the event that the new president of the republic is not chosen, the parliament’s presidency can postpone it until April 6 only. If we exceed this period...we will be facing an irresolvable failure, and Parliament may be dissolved...”
3-27-2022 Newshound/Intel Guru BGG ...some actual perspective might be in order for today. Iraq has just undergone a major electoral shift during these last early elections. It has trended towards a much more reformist, “for the people” agenda. The margins are very, very close. Some of the old guard in Parliament is holding on for dear life. It appears currently they [old guard] have just enough support to temporarily block the formation of this reformist government. I do not expect these obstructionist margins to sustain. They [Sadr and the reformist] will get this done… and isn’t that what everyone wants? Long term reforms in Iraq?
3-27-2022 Newshound Guru Militiaman Article: "In the names.. members of the Finance Committee after the parliament vote" ...The Finance Ministry (FM) side of the monetary reform process is looking to be ready to go with approved committee in place. I suspect that the CBI is has been ready, as well. It is the CBI and FM that need to work in conjunction with each other with respect to the exchange rate change back to a previous era that will usher them into a new era moving forward. One that brings purchasing power...
3-27-2022 Newshound Guru Clare "Iraq exports oil derivatives to the United States after banning Russian imports " Quote: "According to data from the Kepler research company, last year Russia's share of US fuel oil imports was just under half, and Mexico's share was 20% and the Middle East was about 5%. But preliminary data from the tanker-tracking "Refinitiv Icon" showed that Middle East supplies will make up at least 17% of US fuel oil purchases in April."
3-27-2022 Newshound/Intel Guru Mnt Goat The CBI has told me in the past and is still telling me that, when the time is ready, they will “openly” inform the world on this project to delete the zeros and “proudly” show it off...This is part of going Global, International.
3-27-2022 Newshound Guru Godlover Question: "Why do you assume they cant complete anything during Ramadan? Are there any articles to state this opinion?" Hence my opinion. Although I cannot prove my theory, because it is a theory, I have been in this from the very beginning & Ramadan is VERY sacred to them & very little is done during this holiday & I honestly expect nothing less. Furthermore, per a few previous articles, they were talking about expecting the budget around the time I had stated [Mid-year].
3-27-2022 Newshound/Intel Guru BGG ...some actual perspective might be in order for today. Iraq has just undergone a major electoral shift during these last early elections. It has trended towards a much more reformist, “for the people” agenda. The margins are very, very close. Some of the old guard in Parliament is holding on for dear life. It appears currently they [old guard] have just enough support to temporarily block the formation of this reformist government. I do not expect these obstructionist margins to sustain. They [Sadr and the reformist] will get this done… and isn’t that what everyone wants? Long term reforms in Iraq?
3-27-2022 Newshound Guru Militiaman Article: "In the names.. members of the Finance Committee after the parliament vote" ...The Finance Ministry (FM) side of the monetary reform process is looking to be ready to go with approved committee in place. I suspect that the CBI is has been ready, as well. It is the CBI and FM that need to work in conjunction with each other with respect to the exchange rate change back to a previous era that will usher them into a new era moving forward. One that brings purchasing power...
3-27-2022 Newshound Guru Clare "Iraq exports oil derivatives to the United States after banning Russian imports " Quote: "According to data from the Kepler research company, last year Russia's share of US fuel oil imports was just under half, and Mexico's share was 20% and the Middle East was about 5%. But preliminary data from the tanker-tracking "Refinitiv Icon" showed that Middle East supplies will make up at least 17% of US fuel oil purchases in April."
3-27-2022 Newshound/Intel Guru Mnt Goat The CBI has told me in the past and is still telling me that, when the time is ready, they will “openly” inform the world on this project to delete the zeros and “proudly” show it off...This is part of going Global, International.
3-27-2022 Newshound Guru Godlover Question: "Why do you assume they cant complete anything during Ramadan? Are there any articles to state this opinion?" Hence my opinion. Although I cannot prove my theory, because it is a theory, I have been in this from the very beginning & Ramadan is VERY sacred to them & very little is done during this holiday & I honestly expect nothing less. Furthermore, per a few previous articles, they were talking about expecting the budget around the time I had stated [Mid-year].
3-26-2022 Intel Guru MarkZ [via PDK] [is the dong still strong.] It does appear to be strong…and for those who may not know this. Vietnam is a major trading partner with Iraq, Vietnam holds a lot Iraqi dinar in its foreign reserves…and Iraq holds a lot of VND as well…I think there is very little chance that they won’t go at the same time. It would cause trade imbalances if they did not go at the same time.
3-26-2022 Newshound Guru Kirk H. Sowell So, no new president today with less than 220 MPs present. Halbusi sets next Wednesday, March 30, as the next date to hold a vote.
3-26-2022 Newshound Guru Pimpy We all want a reinstatement...I never said I didn't and I'll take that $3.22 rate...but we have to deal with the probabilities and how realistic it is. To me as long as it's going in a positive direction I'll take it...we are all trying to get to the same destination...there is still tons of talk about the exchange rate of the Iraqi dinar...there's a lot of internal arguments and disputes going on over the exchange rate.
3-26-2022 Newshound/Intel Guru David M. Witty Iraqi Parliament decides to delay election of new president of the republic and forming a new government until Monday...
3-26-2022 Intel Guru MarkZ [via PDK] in Iraq today…Parliament do not choose a President. They were 18 members short from being able to hold that vote. They have postponed it until Monday…But, what they did do today was enormous…one of the biggest pieces we have been waiting for…They announced the names and the members and officially put the finance committee together so they can execute the white papers…even though we did not get the President we were hoping for …we got something bigger…We got the Finance Committee. They announced them early this morning and then sat them. We have been waiting for this and now it is done. I was explained by someone inside of Iraq that is familiar with how the process works…that now they execute the white papers.
3-26-2022 Newshound Guru Clare Article: "The Iraqi parliament adjourned on Saturday its session to next Monday, after it failed to complete the quorum for the presidential election session."
3-26-2022 Intel Guru RVAlready ...They didn’t have a quorum. Vote moved to Wednesday.
3-26-2022 Newshound Guru Godlover Article: “Save a Homeland”: We have about 200 confirmations of attendance for the Saturday session, and we are waiting for changes within hours". This is a good article. Sounds promising that the POR will be named. Then I am looking at the PM & then his cabinet. Hopefully the budget will be sent to parliament during some of this process for reading & vote. I suspect not much, if anything will happen during Ramadan. Still hoping for the budget opening around mid year & God willing it has what we seek.
3-26-2022 Newshound Guru Clare Article: "Parliament sets the timing of the Saturday session and limits its agenda to electing a president for Iraq"
3-26-2022 Newshound/Intel Guru Mnt Goat ...remember two things about this revaluation: 1. Is it about what we are looking for or just back to the 1190 rate from the 1450 rate? 2. It must be preceded by the project to delete the zeros and so we must also get news of this project too at the same time. If we don’t, then they are not serious about giving us what we are looking for and just instead the same old, same old program rate adjustment... So, articles are needed telling us about the project and this will be a positive sign for us that we are getting very close...
3-26-2022 Newshound Guru Kirk H. Sowell So, no new president today with less than 220 MPs present. Halbusi sets next Wednesday, March 30, as the next date to hold a vote.
3-26-2022 Newshound Guru Pimpy We all want a reinstatement...I never said I didn't and I'll take that $3.22 rate...but we have to deal with the probabilities and how realistic it is. To me as long as it's going in a positive direction I'll take it...we are all trying to get to the same destination...there is still tons of talk about the exchange rate of the Iraqi dinar...there's a lot of internal arguments and disputes going on over the exchange rate.
3-26-2022 Newshound/Intel Guru David M. Witty Iraqi Parliament decides to delay election of new president of the republic and forming a new government until Monday...
3-26-2022 Intel Guru MarkZ [via PDK] in Iraq today…Parliament do not choose a President. They were 18 members short from being able to hold that vote. They have postponed it until Monday…But, what they did do today was enormous…one of the biggest pieces we have been waiting for…They announced the names and the members and officially put the finance committee together so they can execute the white papers…even though we did not get the President we were hoping for …we got something bigger…We got the Finance Committee. They announced them early this morning and then sat them. We have been waiting for this and now it is done. I was explained by someone inside of Iraq that is familiar with how the process works…that now they execute the white papers.
3-26-2022 Newshound Guru Clare Article: "The Iraqi parliament adjourned on Saturday its session to next Monday, after it failed to complete the quorum for the presidential election session."
3-26-2022 Intel Guru RVAlready ...They didn’t have a quorum. Vote moved to Wednesday.
3-26-2022 Newshound Guru Godlover Article: “Save a Homeland”: We have about 200 confirmations of attendance for the Saturday session, and we are waiting for changes within hours". This is a good article. Sounds promising that the POR will be named. Then I am looking at the PM & then his cabinet. Hopefully the budget will be sent to parliament during some of this process for reading & vote. I suspect not much, if anything will happen during Ramadan. Still hoping for the budget opening around mid year & God willing it has what we seek.
3-26-2022 Newshound Guru Clare Article: "Parliament sets the timing of the Saturday session and limits its agenda to electing a president for Iraq"
3-26-2022 Newshound/Intel Guru Mnt Goat ...remember two things about this revaluation: 1. Is it about what we are looking for or just back to the 1190 rate from the 1450 rate? 2. It must be preceded by the project to delete the zeros and so we must also get news of this project too at the same time. If we don’t, then they are not serious about giving us what we are looking for and just instead the same old, same old program rate adjustment... So, articles are needed telling us about the project and this will be a positive sign for us that we are getting very close...
3-25-2022 Intel Guru MarkZ [via PDK] If there is not enough votes to seat the President in Iraq tomorrow…If they do not have the Government Sat by the 6th of April …the existing government will just stay in charge…. They do believe they have enough votes to seat the government…some of my contacts are staying up late to watch...
3-25-2022 Newshound Guru Pimpy Are we gonna have the same issue that we did in 2019 [With the parliament vote for president and PM] - Every time a candidate is announced and then we get get shot down and it happens again, we get two new candidates. I remember that in 2019. Let's hope we don't go through it again...
3-25-2022 Intel Guru Bruce [via WiserNow] ...Now we always look into this thing in terms of delays...It’s not so much the delay...as it is more things need to be finished – more things to be done and then it can go – it’s really that simple...the schedules are already out to the redemption centers and we believe they will have a start probably on Tuesday – which we believe is going to be the day for notifications based on our best information right now and that would put us probably exchanging on Wednesday we believe...seems to be the case...
3-25-2022 Intel Guru MarkZ [via PDK] [if RV doesnt happen by April 2nd (Ramadan)…will we have to wait until May?] No…absolutely not…there has been speculation that they may choose to release it during Ramadan – on purpose…for the celebration of it…but no…Ramadan will not affect us in any way negatively….
3-25-2022 Guru Nader From The Mid East I think it's gonna take a little time. Some people said the rate is in the budget. I think it's a rate in the budget but I don't think where we want it to be. The problem is if they take the rate back to 160 we would be stuck for another 10 years because the IMF would not allow them to revaluate next year or a year later or two years from now, three years from now. That's the problem.
3-25-2022 Intel Guru MarkZ [via PDK] From Iraq today “Parliament reveals the time and the agenda of Saturday’s session” it appears they have enough people to seat the government now and are dedicated to doing it…Looks like it is still “on” for tomorrow. We are still expecting things to happen between now and the 4th of April.
3-25-2022 Newshound Guru Clare Article: "Al-Adari: Saturday's session will pave the way for the formation of a government by an Iraqi decision and will"
3-25-2022 Newshound Guru Pimpy I understand that an RI will be better [than a slower rate increase]...It's not that I don't want and RI. It's not that I think an RI wouldn't be better. It would. What I'm saying is realistically it's unlikely just because of the shock that it would put on the economy and it could damage the dinar itself as well as the economy. And you don't want that to happen.
3-25-2022 Intel Guru MarkZ [via PDK] any rates you see out there…are speculation…guesses. We will not know the exact rates until we are at the banks.
3-25-2022 Newshound/Intel Guru Mnt Goat ...I suspect that once the president is elected and the prime minister announced that we will see a breakout of the news once again on the revaluation...
3-25-2022 Newshound Guru Pimpy Are we gonna have the same issue that we did in 2019 [With the parliament vote for president and PM] - Every time a candidate is announced and then we get get shot down and it happens again, we get two new candidates. I remember that in 2019. Let's hope we don't go through it again...
3-25-2022 Intel Guru Bruce [via WiserNow] ...Now we always look into this thing in terms of delays...It’s not so much the delay...as it is more things need to be finished – more things to be done and then it can go – it’s really that simple...the schedules are already out to the redemption centers and we believe they will have a start probably on Tuesday – which we believe is going to be the day for notifications based on our best information right now and that would put us probably exchanging on Wednesday we believe...seems to be the case...
3-25-2022 Intel Guru MarkZ [via PDK] [if RV doesnt happen by April 2nd (Ramadan)…will we have to wait until May?] No…absolutely not…there has been speculation that they may choose to release it during Ramadan – on purpose…for the celebration of it…but no…Ramadan will not affect us in any way negatively….
3-25-2022 Guru Nader From The Mid East I think it's gonna take a little time. Some people said the rate is in the budget. I think it's a rate in the budget but I don't think where we want it to be. The problem is if they take the rate back to 160 we would be stuck for another 10 years because the IMF would not allow them to revaluate next year or a year later or two years from now, three years from now. That's the problem.
3-25-2022 Intel Guru MarkZ [via PDK] From Iraq today “Parliament reveals the time and the agenda of Saturday’s session” it appears they have enough people to seat the government now and are dedicated to doing it…Looks like it is still “on” for tomorrow. We are still expecting things to happen between now and the 4th of April.
3-25-2022 Newshound Guru Clare Article: "Al-Adari: Saturday's session will pave the way for the formation of a government by an Iraqi decision and will"
3-25-2022 Newshound Guru Pimpy I understand that an RI will be better [than a slower rate increase]...It's not that I don't want and RI. It's not that I think an RI wouldn't be better. It would. What I'm saying is realistically it's unlikely just because of the shock that it would put on the economy and it could damage the dinar itself as well as the economy. And you don't want that to happen.
3-25-2022 Intel Guru MarkZ [via PDK] any rates you see out there…are speculation…guesses. We will not know the exact rates until we are at the banks.
3-25-2022 Newshound/Intel Guru Mnt Goat ...I suspect that once the president is elected and the prime minister announced that we will see a breakout of the news once again on the revaluation...
3-24-2022 Newshound Guru Pimpy We got to get the government formed first before we could do anything about the budget getting passed and then we could start talking all over again about a possible rate change...
3-24-2022 Newshound Guru Sandy Ingram Article: "Export bottlenecks limit Iraq's oil production potential" Global markets need Iraq's oil but infrastructure issues are likely to prevent the country from taking full advantage of high prices...Iraq's oil fields have a combined production capability of over 5 million barrels per day...which is more than 500 million bpd higher than it's February output but because of insufficient storage and export facilities the country cannot deliver that much crude oil over what it's been delivering... [Excess demand is a fantastic problem to have.]
3-24-2022 Newshound Guru Clare Article: "Masoud Barzani and Al-Sadr exchange congratulations on the announcement of the largest bloc" Question: "Does this mean they have the votes to seat the government?" WE WILL FIND OUT ON SAT MAR. 26TH... IF THEY ACTUALLY DO VOTE, WHICH LOOKS LIKELY THAT THEY MEET THE QUORUM..IMO... IF THEY DON'T VOTE FOR SOME REASON THEY ONLY HAVE UNTIL APRIL 6TH...
3-24-2022 Intel Guru MarkZ [via PDK] ...we are being told out of Iraq that they may be a few politicians short and might not be able to seat the government on Saturday. I am told to not worry about that …It will have nothing to do with the lawsuit on April 4th.
3-24-2022 Guru Nader From The Mid East This Saturday they said they're gonna try to vote for the president which is I think it's not gonna happen. Ramadan is coming in a couple of days - by next month...they may work once a week in Ramadan. Like I told you before really disappointed. Really losing hope. Nothing is new. Nothing they do...I hope this Saturday they will vote for president.
3-24-2022 Newshound Guru Godlover ...Once a government is set, they will send the budget to parliament for readings & vote. Then once voted, the president has up to 15 days to sign the budget into law or it becomes law automatically. Depending on the new government & their priorities will determine how quickly the budget process will take...And God willing, the budget opens with what we all seek. Once the budget opens & begins money allocations from it, that will be what it is for the remainder of this year imo of course.
3-24-2022 Newshound Guru Pimpy We're finally moving forward with the government...once this government is formed let's get in there talk about the budget and don't be surprised if they start bringing up the exchange rate all over again...
3-24-2022 Newshound/Intel Guru Mnt Goat ...No, the RV has not taken place but...there is still potential. In fact, a huge amount of potential as the CBI still has it on their plan once a stable government is formed. So, this coming Saturday could be huge for us as we wait to see a breakthru, finally...
3-24-2022 Newshound Guru Sandy Ingram Article: "Export bottlenecks limit Iraq's oil production potential" Global markets need Iraq's oil but infrastructure issues are likely to prevent the country from taking full advantage of high prices...Iraq's oil fields have a combined production capability of over 5 million barrels per day...which is more than 500 million bpd higher than it's February output but because of insufficient storage and export facilities the country cannot deliver that much crude oil over what it's been delivering... [Excess demand is a fantastic problem to have.]
3-24-2022 Newshound Guru Clare Article: "Masoud Barzani and Al-Sadr exchange congratulations on the announcement of the largest bloc" Question: "Does this mean they have the votes to seat the government?" WE WILL FIND OUT ON SAT MAR. 26TH... IF THEY ACTUALLY DO VOTE, WHICH LOOKS LIKELY THAT THEY MEET THE QUORUM..IMO... IF THEY DON'T VOTE FOR SOME REASON THEY ONLY HAVE UNTIL APRIL 6TH...
3-24-2022 Intel Guru MarkZ [via PDK] ...we are being told out of Iraq that they may be a few politicians short and might not be able to seat the government on Saturday. I am told to not worry about that …It will have nothing to do with the lawsuit on April 4th.
3-24-2022 Guru Nader From The Mid East This Saturday they said they're gonna try to vote for the president which is I think it's not gonna happen. Ramadan is coming in a couple of days - by next month...they may work once a week in Ramadan. Like I told you before really disappointed. Really losing hope. Nothing is new. Nothing they do...I hope this Saturday they will vote for president.
3-24-2022 Newshound Guru Godlover ...Once a government is set, they will send the budget to parliament for readings & vote. Then once voted, the president has up to 15 days to sign the budget into law or it becomes law automatically. Depending on the new government & their priorities will determine how quickly the budget process will take...And God willing, the budget opens with what we all seek. Once the budget opens & begins money allocations from it, that will be what it is for the remainder of this year imo of course.
3-24-2022 Newshound Guru Pimpy We're finally moving forward with the government...once this government is formed let's get in there talk about the budget and don't be surprised if they start bringing up the exchange rate all over again...
3-24-2022 Newshound/Intel Guru Mnt Goat ...No, the RV has not taken place but...there is still potential. In fact, a huge amount of potential as the CBI still has it on their plan once a stable government is formed. So, this coming Saturday could be huge for us as we wait to see a breakthru, finally...
3-23-2022 Intel Guru RVAlready The end of the month is the end of a quarter. Shabibi said the RV would be easiest at the beginning of a quarter.
3-23-2022 Newshound Guru Pimpy Article "The United States intends to exempt Iraq from sanctions on Russian weapons" The United States it looks like is going exempt Iraq from having to honor sanctions against Russia and allow them to start buying weapons from Russia. Remember they're out of Chapter VII now. They have the right to start buying military weapons and start arming themselves and do what they need to do to protect their country.
3-23-2022 Intel Guru Holly ...We have been in this holding pattern for a long time. Once the damn breaks it will happen quickly. Iraq is to announce their president on Saturday. That should move things along for them as well
3-23-2022 Intel Guru Bruce ...the good news is that things are moving in the correct direction for us...Maybe – just maybe there’s a surprise for us in terms of or notifications and exchanges still this week – we just don’t have anything concrete that I can lay out for you to show you that right now...so let’s just keep an eye on it and see where that goes... I know we are very close...
3-23-2022 Newshound/Intel Guru Mnt Goat ...we have not heard almost anything on the project to delete the zeros. Why? I can tell you that just after the president is elected and the new prime minister is announced, we will then see a large number of articles once again on this topic and this is the BEST time ever to conduct this project...
3-23-2022 Newshound Guru Godlover Community Comment "I would not be surprised if nothing is settled on Saturday which is why they have until April 6th technically per constitution to settle this matter" I tend to agree to a point. I do kind of think they will make the quorum, just not actually resolve anything on the president & pm...I suspect imo they will recess until After Ramadan & Eid al fitr.
3-23-2022 Intel Guru MarkZ [via PDK] all eyes are on the 26th through the 4th….Most of my contacts in Iraq are squarely looking for the 28th .
3-23-2022 Newshound Guru Pimpy Article: "A Sadrist source reveals what all happen in the presidential election session" There you have it this Saturday we're supposed to have the president of Iraq selected and ready to rock and roll...
3-23-2022 Newshound Guru Samson Article: "Rare Iraqi coin sold for $39,000 in Britain” Quote: "...an Iraqi banknote of 100 dinars that was sold at an auction in London for 29,760 pounds, equivalent to 39,161 dollars...the rare coin was issued in 1942, and it contains a picture of King Faisal II when he was a child...it was purchased by a "collector of Iraqi banknotes and coins"
3-23-2022 Newshound Guru Pimpy Article "The United States intends to exempt Iraq from sanctions on Russian weapons" The United States it looks like is going exempt Iraq from having to honor sanctions against Russia and allow them to start buying weapons from Russia. Remember they're out of Chapter VII now. They have the right to start buying military weapons and start arming themselves and do what they need to do to protect their country.
3-23-2022 Intel Guru Holly ...We have been in this holding pattern for a long time. Once the damn breaks it will happen quickly. Iraq is to announce their president on Saturday. That should move things along for them as well
3-23-2022 Intel Guru Bruce ...the good news is that things are moving in the correct direction for us...Maybe – just maybe there’s a surprise for us in terms of or notifications and exchanges still this week – we just don’t have anything concrete that I can lay out for you to show you that right now...so let’s just keep an eye on it and see where that goes... I know we are very close...
3-23-2022 Newshound/Intel Guru Mnt Goat ...we have not heard almost anything on the project to delete the zeros. Why? I can tell you that just after the president is elected and the new prime minister is announced, we will then see a large number of articles once again on this topic and this is the BEST time ever to conduct this project...
3-23-2022 Newshound Guru Godlover Community Comment "I would not be surprised if nothing is settled on Saturday which is why they have until April 6th technically per constitution to settle this matter" I tend to agree to a point. I do kind of think they will make the quorum, just not actually resolve anything on the president & pm...I suspect imo they will recess until After Ramadan & Eid al fitr.
3-23-2022 Intel Guru MarkZ [via PDK] all eyes are on the 26th through the 4th….Most of my contacts in Iraq are squarely looking for the 28th .
3-23-2022 Newshound Guru Pimpy Article: "A Sadrist source reveals what all happen in the presidential election session" There you have it this Saturday we're supposed to have the president of Iraq selected and ready to rock and roll...
3-23-2022 Newshound Guru Samson Article: "Rare Iraqi coin sold for $39,000 in Britain” Quote: "...an Iraqi banknote of 100 dinars that was sold at an auction in London for 29,760 pounds, equivalent to 39,161 dollars...the rare coin was issued in 1942, and it contains a picture of King Faisal II when he was a child...it was purchased by a "collector of Iraqi banknotes and coins"
3-22-2022 Intel Guru MarkZ [via PDK] [Will redemption centers be set up to redeem Iraq currency in the US?] Absolutely…and I speak with those who helped set them up... I am told 90% of currency holders in the Us will have a redemption center within 60 miles of their house.
3-22-2022 Intel Guru RVAlready [For years we heard that the USA was in charge of the RV release, but now it appears that Iraq is in complete control. Right?] Since Iraq is out of chapter 7, this is pretty much in their hands.
3-22-2022 Newshound Guru Sandy Ingram Iraq's gold reserves increased to 96.42 tons in the 3rd quarter of 2021...
3-22-2022 Newshound/Intel Guru Mnt Goat ...This period of news evolves mostly around dealings in establishing a quorum in order to vote on the president in Saturday’s session 3/26... If the vote cannot be taken, the other options in the constitution are to dissolve the parliament and hold re-elections... We will have to wait to see what happens on Saturday...
3-22-2022 Intel Guru BobTheTaxMan For most people they sit in the fantasy world...you're gonna be rich! You're gonna have mansions! You're gonna have yachts...! Really you're going to be in a completely different world. Most people are not ready for that. They're not ready...80% of everything you'll ever do is in those three things [Roth IRA, Gifting assignment, C.R.U.T.]. That's it. Those are the ones that will save you the most money. Reduce those taxes. And put you in a spot where you can succeed. I've sang the song. I've sang the song. I've sang the song...don't wait. [NOTE: Consult your tax and financial advisors at the appropriate time for assistance in saving/paying the right amount of tax for your unique situation.]
3-22-2022 Intel Guru MarkZ [via PDK] Good article out today how they will seat the government on the 26th and how they have everything ready to go “A Sadrist source reveals what will happen in the presidential election session” I am told by my Iraqi contacts that somewhere between the 26th and the 4th is their target for a new rate. I am hearing possibly around the 28th…this is from sources over in the sandbox...
3-22-2022 Newshound Guru Pimpy It just looks like a hot mess over there...I keep hoping Sadr gets his way. I know he's fighting like heck to do so. People are starting to get impatient over there. They're talking about a serious uprising...we can't move forward with any kind of rate change - nothing's gonna happen - we have to have the government in place. You have to have the budget passed. They got to get their crap together is all it is...
3-22-2022 Newshound Guru Samson Article: "Al-Kazemi in a strong message to the political blocs: Be aware of the danger of inaction, and enough is enough for indulgence and laziness"
3-22-2022 Intel Guru RVAlready [For years we heard that the USA was in charge of the RV release, but now it appears that Iraq is in complete control. Right?] Since Iraq is out of chapter 7, this is pretty much in their hands.
3-22-2022 Newshound Guru Sandy Ingram Iraq's gold reserves increased to 96.42 tons in the 3rd quarter of 2021...
3-22-2022 Newshound/Intel Guru Mnt Goat ...This period of news evolves mostly around dealings in establishing a quorum in order to vote on the president in Saturday’s session 3/26... If the vote cannot be taken, the other options in the constitution are to dissolve the parliament and hold re-elections... We will have to wait to see what happens on Saturday...
3-22-2022 Intel Guru BobTheTaxMan For most people they sit in the fantasy world...you're gonna be rich! You're gonna have mansions! You're gonna have yachts...! Really you're going to be in a completely different world. Most people are not ready for that. They're not ready...80% of everything you'll ever do is in those three things [Roth IRA, Gifting assignment, C.R.U.T.]. That's it. Those are the ones that will save you the most money. Reduce those taxes. And put you in a spot where you can succeed. I've sang the song. I've sang the song. I've sang the song...don't wait. [NOTE: Consult your tax and financial advisors at the appropriate time for assistance in saving/paying the right amount of tax for your unique situation.]
3-22-2022 Intel Guru MarkZ [via PDK] Good article out today how they will seat the government on the 26th and how they have everything ready to go “A Sadrist source reveals what will happen in the presidential election session” I am told by my Iraqi contacts that somewhere between the 26th and the 4th is their target for a new rate. I am hearing possibly around the 28th…this is from sources over in the sandbox...
3-22-2022 Newshound Guru Pimpy It just looks like a hot mess over there...I keep hoping Sadr gets his way. I know he's fighting like heck to do so. People are starting to get impatient over there. They're talking about a serious uprising...we can't move forward with any kind of rate change - nothing's gonna happen - we have to have the government in place. You have to have the budget passed. They got to get their crap together is all it is...
3-22-2022 Newshound Guru Samson Article: "Al-Kazemi in a strong message to the political blocs: Be aware of the danger of inaction, and enough is enough for indulgence and laziness"
3-21-2022 Intel Guru MarkZ [via PDK] We were told long ago that the best time for them to launch this was between the hours of 11PM est to 2AM est…..We are always looking at those quiet hours in banking to launch this….so that still may be the best time to expect it to happen…between those hours.
3-21-2022 Newshound Guru Breitling You and I watch the markets and the political situation so we can determine whether Iraq is going to be able to add value to their currency. You guys they are that much closer.
3-21-2022 Newshound Guru MilitiaMan Article: "The Arab Monetary Fund organizes an extraordinary meeting of the high-level dialogue between the heads of the institutions of Regional Financing Arrangements and the International Monetary Fund" They clearly are gearing for GLOBAL TAXATION...USING CLIMATE CHANGE and the COV-19 Pandemic, as excuses to TAX the population of the GLOBE...Here is to a safe exit and let's hope and pray this synchronization they are doing is the finale needed to see the exchange rate of the Dinar changed. That may be all that is needed to be applied for the big day that appears to be upon us in short order...
3-21-2022 Newshound Guru Pimpy I'm feeling really confident, more confident than I was before that we're going to have the same government in there, except now we're going to have Sadr as the man behind the scenes...we're going to have Saleh as President and Al-Kazemi as Prime Minister. I do think that's a good combo.
3-21-2022 Intel Guru MarkZ [via PDK] Then we have the 26th…Iraq is saying they will have the president sat on or before March 26th. There is also the court case on April 4th …this is where they have to answer to the Supreme court over there if they do not have a new exchange rate or the old exchange rate re-instated by then…So it’s a big week for us to watch...the most logical time is between the 26th and the 4th….imo [post 2 of 2]
3-21-2022 Intel Guru MarkZ [via PDK] We have a week full of expectations… We...had articles coming out of the Iraqi Parliament that they have got to change the exchange rate…this was discussed again over the weekend on the major news outlets in Iraq. To re-establish the Pre-invasion of Kuwait rate [$3.22 ]…not the NEER (nominal effective exchange rate) of $1.50. So this was a big one this weekend... [post 1 of 2....stay tuned]
3-21-2022 Guru Nader From The Mid East I was in North Africa last week. I was in Tunisia. When you see Tunisia...their country have no assets. They have little oil, a little bit of gold, not even 5% or 7% of what Iraq has and their dinar is stronger than the Iraqi dinar...it bothers me a lot because when I see a country like that and I look at Iraq is rich - gold, silver, oil, phosphate - anything you need - it's a touristic country, a lot of history and they don't want to do nothing about it. That hurts...they keep talking...whatever is going to happen is going to happen...we gave up hope a little bit. [Post 2 of 2]
3-21-2022 Guru Nader From The Mid East There's not great news going on....I'm going to be straight with you. What's going on over here, we give up hope. I don't think it's gonna be any RV or RI or even 1160...they're taking their time in courts and all that...our government is not doing the right thing...We're still fighting about it but we can do nothing more...we're going to wait and see... [Post 1 of 2....stay tuned]
3-21-2022 Intel Guru RVAlready Parliament still talking rate, when they have nothing to do with it. Total political theatre.
3-21-2022 Newshound Guru Breitling You and I watch the markets and the political situation so we can determine whether Iraq is going to be able to add value to their currency. You guys they are that much closer.
3-21-2022 Newshound Guru MilitiaMan Article: "The Arab Monetary Fund organizes an extraordinary meeting of the high-level dialogue between the heads of the institutions of Regional Financing Arrangements and the International Monetary Fund" They clearly are gearing for GLOBAL TAXATION...USING CLIMATE CHANGE and the COV-19 Pandemic, as excuses to TAX the population of the GLOBE...Here is to a safe exit and let's hope and pray this synchronization they are doing is the finale needed to see the exchange rate of the Dinar changed. That may be all that is needed to be applied for the big day that appears to be upon us in short order...
3-21-2022 Newshound Guru Pimpy I'm feeling really confident, more confident than I was before that we're going to have the same government in there, except now we're going to have Sadr as the man behind the scenes...we're going to have Saleh as President and Al-Kazemi as Prime Minister. I do think that's a good combo.
3-21-2022 Intel Guru MarkZ [via PDK] Then we have the 26th…Iraq is saying they will have the president sat on or before March 26th. There is also the court case on April 4th …this is where they have to answer to the Supreme court over there if they do not have a new exchange rate or the old exchange rate re-instated by then…So it’s a big week for us to watch...the most logical time is between the 26th and the 4th….imo [post 2 of 2]
3-21-2022 Intel Guru MarkZ [via PDK] We have a week full of expectations… We...had articles coming out of the Iraqi Parliament that they have got to change the exchange rate…this was discussed again over the weekend on the major news outlets in Iraq. To re-establish the Pre-invasion of Kuwait rate [$3.22 ]…not the NEER (nominal effective exchange rate) of $1.50. So this was a big one this weekend... [post 1 of 2....stay tuned]
3-21-2022 Guru Nader From The Mid East I was in North Africa last week. I was in Tunisia. When you see Tunisia...their country have no assets. They have little oil, a little bit of gold, not even 5% or 7% of what Iraq has and their dinar is stronger than the Iraqi dinar...it bothers me a lot because when I see a country like that and I look at Iraq is rich - gold, silver, oil, phosphate - anything you need - it's a touristic country, a lot of history and they don't want to do nothing about it. That hurts...they keep talking...whatever is going to happen is going to happen...we gave up hope a little bit. [Post 2 of 2]
3-21-2022 Guru Nader From The Mid East There's not great news going on....I'm going to be straight with you. What's going on over here, we give up hope. I don't think it's gonna be any RV or RI or even 1160...they're taking their time in courts and all that...our government is not doing the right thing...We're still fighting about it but we can do nothing more...we're going to wait and see... [Post 1 of 2....stay tuned]
3-21-2022 Intel Guru RVAlready Parliament still talking rate, when they have nothing to do with it. Total political theatre.
3-20-2022 Newshound Guru Pimpy People are like, 'They're going to change the rate.' No. I already told you what some of the factors are. How are you going to change the rate if a government isn't even established. There's an election but there's no government. The budget hasn't been passed. There are a lot of other factors in there that need to be taken into consideration before you could talk about the exchange rate...
3-20-2022 Newshound Guru Godlover Article: "Al-Fath announces the filing of a lawsuit with the federal court regarding the exchange rates of the dollar" Quote: "there is a lawsuit submitted to the Federal Court, to restore the exchange rate to what it was, and we are waiting for a response from the Federal Court." I pray this is not accurate, however most of the articles on the exchange rate either state the same thing or imply it.
3-20-2022 Newshound Guru MilitiaMan The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200. It will likely support an era of the Glory Days. They told us the worth of the Dinar in 2017 was worth $1.17 based off only oil. Add in the rest and inflation one should easily see that the REER will be a far cry over 1190. That will in the end be when the rate of 1190 or even 1460 is disregarded and rightfully so, by me. imo [Post 2 of 2]
3-20-2022 Newshound Guru MilitiaMan Question: "Would love your thoughts on all recent articles that refer to the previous rate..can you really disregard the rate in Dec.2020 before they lowered rate of Dinar...?" A previous era apparently denotes a start and end time of a significant event...The relatively recent period since they devalued has far less impact than the era that was considered the GLORY DAYS of roughly $3.22. Those days had a rate that was not under sanctions. Like now...as Chapter 7 has been lifted. Reverting back to program rate of 1190 would put them right back to a program rate and would likely not ever allow them into the international arena. [Post 1 of 2....stay tuned]
3-20-2022 Intel Guru BobTheTaxMan The only problem we have is - the thing that we don't know - Is this going to be a free-float or not? Because if it's going to free-float it's going to have a lot of volatility... [NOTE - Consult your informed financial advisors at the appropriate time to concoct a dinar exit strategy that is best for you and your unique circumstances]
3-20-2022 Intel Guru MarkZ Redemption center folks are not working this weekend…but got a heads up...they will be working on Monday. What most of my banking sources in Reno are hearing it is going to be early this week. That is what they are being told at this point.
3-20-2022 Newshound Guru Godlover Article: "Al-Fath announces the filing of a lawsuit with the federal court regarding the exchange rates of the dollar" Quote: "there is a lawsuit submitted to the Federal Court, to restore the exchange rate to what it was, and we are waiting for a response from the Federal Court." I pray this is not accurate, however most of the articles on the exchange rate either state the same thing or imply it.
3-20-2022 Newshound Guru MilitiaMan The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200. It will likely support an era of the Glory Days. They told us the worth of the Dinar in 2017 was worth $1.17 based off only oil. Add in the rest and inflation one should easily see that the REER will be a far cry over 1190. That will in the end be when the rate of 1190 or even 1460 is disregarded and rightfully so, by me. imo [Post 2 of 2]
3-20-2022 Newshound Guru MilitiaMan Question: "Would love your thoughts on all recent articles that refer to the previous rate..can you really disregard the rate in Dec.2020 before they lowered rate of Dinar...?" A previous era apparently denotes a start and end time of a significant event...The relatively recent period since they devalued has far less impact than the era that was considered the GLORY DAYS of roughly $3.22. Those days had a rate that was not under sanctions. Like now...as Chapter 7 has been lifted. Reverting back to program rate of 1190 would put them right back to a program rate and would likely not ever allow them into the international arena. [Post 1 of 2....stay tuned]
3-20-2022 Intel Guru BobTheTaxMan The only problem we have is - the thing that we don't know - Is this going to be a free-float or not? Because if it's going to free-float it's going to have a lot of volatility... [NOTE - Consult your informed financial advisors at the appropriate time to concoct a dinar exit strategy that is best for you and your unique circumstances]
3-20-2022 Intel Guru MarkZ Redemption center folks are not working this weekend…but got a heads up...they will be working on Monday. What most of my banking sources in Reno are hearing it is going to be early this week. That is what they are being told at this point.
3-19-2022 Intel Guru MarkZ government is still looking to be sat over there before or on Mar. 26…There is a lawsuit on April 4th that will go through IF that exchange rate in Iraq has not been changed yet.
3-19-2022 Newshound/Intel Guru Mnt Goat ...the ongoing election saga continues between Maliki gang and the al-Sadr anti-corruption movement...in today’s news we are told they intend to hold the election for the president on March 26th, assign committees and even announce the prime minister...
3-19-2022 Newshound Guru Pimpy There was talk again of the exchange rate. Somebody said 'Pimpy man did you hear they want to change the rate to $4?' ...They sent me the article...the person said they want to change it to 4-4. No, no if you keep reading that's actually the date. It's April the 4th - Not they want to change the rate to $4...there's just more talk about the rate.
3-19-2022 Newshound Guru Godlover As far as the budget goes...I too don't expect a fully seated government until after Ramadan, as many articles have stated & the majority of the articles over the years have been proven more accurate than not. I am still wishful thinking the 2022 budget could be sent to parliament after president & pm are elected. Then in theory they could read & vote the budget into law during the cabinet formation/seating. Once the government is set...open the budget.
3-19-2022 Intel Guru MarkZ [via PDK] Article: "The representative of the National Nahj Alliance, Ahmed Al-Rubaie, confirmed today, Thursday, that there is a serious parliamentary tendency to restore the exchange rate to its previous era." Straight out of Iraq and their parliament about restoring the value of the dinar...That article came out Thursday…So, for all you folks that doubt anything is going on…this is a good one. We have seen an overwhelming amount of articles, paperwork, government filings out of Iraq as they push to get the exchange rate restored…lots of paperwork filed at the UN….
3-19-2022 Newshound Guru Samson Article: "It is the first in Iraq in 17 years...direct flights between Erbil and France"
3-19-2022 Newshound Guru MilitiaMan ... as Chapter 7 has been lifted. Reverting back to program rate of 1190 would...likely not ever allow them into the international arena...The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200...They told us the worth of the Dinar in 2017 was...$1.17 based off only oil. Add in the rest and inflation one should easily see that the REER (Real Effective Exchange Rate) will be a far cry over 1190...It will likely support an era of the Glory Days... of roughly $3.22...
3-19-2022 Newshound/Intel Guru Mnt Goat Article: "THE MONETARY IMPACT OF THE DOLLAR SALE WINDOW" What they are essentially saying here is that you can’t just abolish the currency window (currency auctions) without looking at the full impact as to why they exist in the first place. So, as I have been saying, they can’t just stop the auctions without replacing them with the reinstatement, thus using the dinar and not the dollar for trade. But to do this must create a demand for the dinar.
3-19-2022 Newshound/Intel Guru Mnt Goat ...the ongoing election saga continues between Maliki gang and the al-Sadr anti-corruption movement...in today’s news we are told they intend to hold the election for the president on March 26th, assign committees and even announce the prime minister...
3-19-2022 Newshound Guru Pimpy There was talk again of the exchange rate. Somebody said 'Pimpy man did you hear they want to change the rate to $4?' ...They sent me the article...the person said they want to change it to 4-4. No, no if you keep reading that's actually the date. It's April the 4th - Not they want to change the rate to $4...there's just more talk about the rate.
3-19-2022 Newshound Guru Godlover As far as the budget goes...I too don't expect a fully seated government until after Ramadan, as many articles have stated & the majority of the articles over the years have been proven more accurate than not. I am still wishful thinking the 2022 budget could be sent to parliament after president & pm are elected. Then in theory they could read & vote the budget into law during the cabinet formation/seating. Once the government is set...open the budget.
3-19-2022 Intel Guru MarkZ [via PDK] Article: "The representative of the National Nahj Alliance, Ahmed Al-Rubaie, confirmed today, Thursday, that there is a serious parliamentary tendency to restore the exchange rate to its previous era." Straight out of Iraq and their parliament about restoring the value of the dinar...That article came out Thursday…So, for all you folks that doubt anything is going on…this is a good one. We have seen an overwhelming amount of articles, paperwork, government filings out of Iraq as they push to get the exchange rate restored…lots of paperwork filed at the UN….
3-19-2022 Newshound Guru Samson Article: "It is the first in Iraq in 17 years...direct flights between Erbil and France"
3-19-2022 Newshound Guru MilitiaMan ... as Chapter 7 has been lifted. Reverting back to program rate of 1190 would...likely not ever allow them into the international arena...The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200...They told us the worth of the Dinar in 2017 was...$1.17 based off only oil. Add in the rest and inflation one should easily see that the REER (Real Effective Exchange Rate) will be a far cry over 1190...It will likely support an era of the Glory Days... of roughly $3.22...
3-19-2022 Newshound/Intel Guru Mnt Goat Article: "THE MONETARY IMPACT OF THE DOLLAR SALE WINDOW" What they are essentially saying here is that you can’t just abolish the currency window (currency auctions) without looking at the full impact as to why they exist in the first place. So, as I have been saying, they can’t just stop the auctions without replacing them with the reinstatement, thus using the dinar and not the dollar for trade. But to do this must create a demand for the dinar.
3-18-2022 *** Dinar Guru Community Update *** Yesterday Guru Frank26 had an emergency surgery. It was a long and difficult one. He's recovering, talking, interacting and soon will be walking as he gains his strength. Keep him in your thoughts and prayers as he recovers over the coming days. I'm sure it's a bright spot in his day knowing the entire dinar community is wishing him well and a speedy recovery! The latest guru posts will continue below...
3-18-2022 Intel Guru BobTheTaxMan You need time to be able to figure out how what it's like to be in a world where you have money - Where your mindset is completely different than looking at your paycheck-to-paycheck-to-paycheck - Where it's a different world. You've heard me say, you're gonna want to talk to 6 CPA's, 6 financial planners, 6 attorneys. Why? I have an insane reason behind it. It's going to slow you down. You need to have the time to adjust...
3-18-2022 Intel Guru Bruce [via WiserNow] ...I was very disappointed today to hear that we were NOT going to be notified today or tomorrow [Friday] - as I had heard previously...I want it to happen just like all of you do...Everything seems like it’s coming together and is ready to go...so let’s see what happens...
3-18-2022 Newshound Guru Kaperoni the talk on the dinar [In the news articles etc] has nothing to do with a RV or significantly raising the value. The only talk is to restore it to the rate of 1170 which will not happen at this time.
3-18-2022 Newshound Guru Breitling People are like how can Iraq back up their own currency? They've never had a problem... backing their currency up. That's never been the problem. The problem is who will accept the Iraqi currency. And how do you convert the Iraqi currency to the U.S. dollar and go through the Swift system and then convert it to whatever country they are doing business with to get the products they need...Remember every time you go through the Swift system you have to convert it back to the American dollar...
3-18-2022 Intel Guru MarkZ [via PDK] Iraq has not changed…all eyes there are on between now and the 26th…they do have a number of frozen assets in Iraq because there has not yet been a rate change. International agencies are pushing them hard to go ahead and pull that trigger and change that rate…buckle up guys…I feel we are in the last days of this….
3-18-2022 Newshound Guru Pimpy I want to trust the experts out there are doing the right thing. If they're saying we cannot do it right now [RV/RI/Rate change] because it's not the right time I want to trust that their judgment is correct and they have the Iraqi people in mind when they're doing the work...
3-18-2022 Newshound/Intel Guru Mnt Goat Article: "GOLD RESERVES IN IRAQ’S VAULTS ARE MORE THAN 96 TONS" Article Quote: “the gold reserves in Iraq amount to 96.4 tons,” noting that “Iraq is located in the international gold reserve arrangement in sequence 37." This ranking is very good considering over 250 countries world wide. Again more wealth so where is the true rate of the true value of the currency?...
3-18-2022 Newshound Guru MilitiaMan The IMF has been active in giving support for a rate change. A reasonable one. With pricing of goods going up and extremely fast...
3-18-2022 Intel Guru Bruce [via WiserNow] ...I was very disappointed today to hear that we were NOT going to be notified today or tomorrow [Friday] - as I had heard previously...I want it to happen just like all of you do...Everything seems like it’s coming together and is ready to go...so let’s see what happens...
3-18-2022 Newshound Guru Kaperoni the talk on the dinar [In the news articles etc] has nothing to do with a RV or significantly raising the value. The only talk is to restore it to the rate of 1170 which will not happen at this time.
3-18-2022 Newshound Guru Breitling People are like how can Iraq back up their own currency? They've never had a problem... backing their currency up. That's never been the problem. The problem is who will accept the Iraqi currency. And how do you convert the Iraqi currency to the U.S. dollar and go through the Swift system and then convert it to whatever country they are doing business with to get the products they need...Remember every time you go through the Swift system you have to convert it back to the American dollar...
3-18-2022 Intel Guru MarkZ [via PDK] Iraq has not changed…all eyes there are on between now and the 26th…they do have a number of frozen assets in Iraq because there has not yet been a rate change. International agencies are pushing them hard to go ahead and pull that trigger and change that rate…buckle up guys…I feel we are in the last days of this….
3-18-2022 Newshound Guru Pimpy I want to trust the experts out there are doing the right thing. If they're saying we cannot do it right now [RV/RI/Rate change] because it's not the right time I want to trust that their judgment is correct and they have the Iraqi people in mind when they're doing the work...
3-18-2022 Newshound/Intel Guru Mnt Goat Article: "GOLD RESERVES IN IRAQ’S VAULTS ARE MORE THAN 96 TONS" Article Quote: “the gold reserves in Iraq amount to 96.4 tons,” noting that “Iraq is located in the international gold reserve arrangement in sequence 37." This ranking is very good considering over 250 countries world wide. Again more wealth so where is the true rate of the true value of the currency?...
3-18-2022 Newshound Guru MilitiaMan The IMF has been active in giving support for a rate change. A reasonable one. With pricing of goods going up and extremely fast...
3-17-2022 *** Dinar Guru Community Update *** Guru Frank26 is undergoing emergency surgery this morning. He has been struggling with health issues yet continues to keep the community updated with his intel and analysis. He's a real trooper. Keep him in your thoughts and prayers as he undergoes and recovers from this operation. The latest guru posts will continue below...
3-17-2022 Newshound Guru Breitling Iraq is going to benefit from this [Russian situation] in more ways than one. We are going to cut Russian oil off and these countries that were buying oil are going to spool up. They are going to be making even more money.
3-17-2022 Newshound Guru Godlover What has been worrying me for a while is, yes they have been talking about the exchange rate a lot, only they are talking about the previous rate. The Kurds, oil & gas law & maybe one or two other issues I see needs to be resolved...I am just not seeing anything clear cut for what we seek, it is the opposite. Furthermore the government formation which is needed, is still going to take some time. As I had stated prior many times, the WP is not only economic reforms, but government reforms & the later comes first. I had hoped government reforms aka new government seatings would happen quickly, but reality is setting in.
3-17-2022 Intel Guru MarkZ [via PDK] [Mark what do you mean when you say bank screens are showing $4 for dong?] Bank screens on different currencies…Even though rates are locked, values fluctuate...I have 2 different bankers that have told me they are seeing $4 rates…this could just be a place holder. Most bankers believe the rate will be around $2.25 to $2.30.
3-17-2022 Newshound Guru Pimpy Community comment: "I think they will change the rate because they want to. I'm very practical." I don't think they can just change it just because they want to. There's a lot of other factors involved. So be a lot more practical...I don't think there's an issue at the moment other than the fact that it appears that Al-Kazemi's administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track...
3-17-2022 Intel Guru BobTheTaxMan ...It's getting closer not getting farther away. When we take a look at oil prices...and when we take a look at the fact that Kuwait has been paid off, when we take a look at that now the competition that we were having inside of Iraq for, 'Gee, do we lean toward Russia? Lean toward China? Lean toward the U.S.?' Well duh! That's taken care of. Everything is aligning itself to the point to yes things are moving forward...
3-17-2022 Newshound Guru Samson Article: "Al-Halbousi announces the date of the presidential election session" Quote: “It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”
3-17-2022 Newshound Guru Godlover What has been worrying me for a while is, yes they have been talking about the exchange rate a lot, only they are talking about the previous rate. The Kurds, oil & gas law & maybe one or two other issues I see needs to be resolved...I am just not seeing anything clear cut for what we seek, it is the opposite. Furthermore the government formation which is needed, is still going to take some time. As I had stated prior many times, the WP is not only economic reforms, but government reforms & the later comes first. I had hoped government reforms aka new government seatings would happen quickly, but reality is setting in.
3-17-2022 Intel Guru MarkZ [via PDK] [Mark what do you mean when you say bank screens are showing $4 for dong?] Bank screens on different currencies…Even though rates are locked, values fluctuate...I have 2 different bankers that have told me they are seeing $4 rates…this could just be a place holder. Most bankers believe the rate will be around $2.25 to $2.30.
3-17-2022 Newshound Guru Pimpy Community comment: "I think they will change the rate because they want to. I'm very practical." I don't think they can just change it just because they want to. There's a lot of other factors involved. So be a lot more practical...I don't think there's an issue at the moment other than the fact that it appears that Al-Kazemi's administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track...
3-17-2022 Intel Guru BobTheTaxMan ...It's getting closer not getting farther away. When we take a look at oil prices...and when we take a look at the fact that Kuwait has been paid off, when we take a look at that now the competition that we were having inside of Iraq for, 'Gee, do we lean toward Russia? Lean toward China? Lean toward the U.S.?' Well duh! That's taken care of. Everything is aligning itself to the point to yes things are moving forward...
3-17-2022 Newshound Guru Samson Article: "Al-Halbousi announces the date of the presidential election session" Quote: “It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”
3-16-2022 Newshound Guru Godlover [Response to Guru Militiaman 3-16-2022 below] "They had allocated millions for the printing of the new notes". Yes I agree, especially coming from one such as [Guru] Delta. Of course that does not tell us they have been printed yet. And per articles, articles that have most often been proven accurate, state they have not been printed yet. God willing they soon will be, just calling it as I see it per articles. I am still hopeful for this budget to have what we all seek, but staying grounded is extremely important.
3-16-2022 Intel Guru Bruce [via WiserNow] I was really fully expecting to be notified today [Tuesday] and we had a time and everything – but it did NOT occur – so we’re back on a kind of restart...there are a lot of things still happening behind the scenes – it’s just the information that we had did not pan out today but could very well pan out for tomorrow [Wednesday]...
3-16-2022 Intel Guru MarkZ [via PDK] [...is this ever going to happen?] it absolutely is going to…the question is “when”?? …I think late March/early April... Noone knows the exact timing…but based on what we are seeing…the seating of the Iraq government on March 26th…the court case on April 4th…I think they have to get it done before then….
3-16-2022 Newshound Guru MilitiaMan [Guru] Delta showed us the data from the CBI that showed they had allocated millions of dollars for the printing of new notes...The sanctions are lifted from Chapter VII with all payments paid up to Kuwait. They are opening international banks abroad. So, All these efforts are all showing me there is massive progress in a very complex environment that has new technologies involved that will help facilitate the new digital transformation before them and us. [Post 2 of 2]
3-16-2022 Newshound Guru MilitiaMan There are always things that seem to be popping up that were not expected. We didn't realize there was ever going to be automation at the borders. We never knew there would be an interlinking with the CBI and E-Government with three major entities of the government, done and linked. The CBI told us they have done that quite some time ago. [Post 1 of 2....stay tuned]
3-16-2022 Intel Guru Frank26 Everyone in the political arena of Iraq wants this to happen. Everyone knows that it's happening.
3-16-2022 Intel Guru Fleming ...the word from many...including Ministers in Iraq when asked about their postponement on the IQD exchange rate, is...Everything is handled. The RV GCR will officially happen before the end of March. Maybe today. We’re not waiting. This game is about ended...
3-16-2022 Intel Guru Bruce [via WiserNow] I was really fully expecting to be notified today [Tuesday] and we had a time and everything – but it did NOT occur – so we’re back on a kind of restart...there are a lot of things still happening behind the scenes – it’s just the information that we had did not pan out today but could very well pan out for tomorrow [Wednesday]...
3-16-2022 Intel Guru MarkZ [via PDK] [...is this ever going to happen?] it absolutely is going to…the question is “when”?? …I think late March/early April... Noone knows the exact timing…but based on what we are seeing…the seating of the Iraq government on March 26th…the court case on April 4th…I think they have to get it done before then….
3-16-2022 Newshound Guru MilitiaMan [Guru] Delta showed us the data from the CBI that showed they had allocated millions of dollars for the printing of new notes...The sanctions are lifted from Chapter VII with all payments paid up to Kuwait. They are opening international banks abroad. So, All these efforts are all showing me there is massive progress in a very complex environment that has new technologies involved that will help facilitate the new digital transformation before them and us. [Post 2 of 2]
3-16-2022 Newshound Guru MilitiaMan There are always things that seem to be popping up that were not expected. We didn't realize there was ever going to be automation at the borders. We never knew there would be an interlinking with the CBI and E-Government with three major entities of the government, done and linked. The CBI told us they have done that quite some time ago. [Post 1 of 2....stay tuned]
3-16-2022 Intel Guru Frank26 Everyone in the political arena of Iraq wants this to happen. Everyone knows that it's happening.
3-16-2022 Intel Guru Fleming ...the word from many...including Ministers in Iraq when asked about their postponement on the IQD exchange rate, is...Everything is handled. The RV GCR will officially happen before the end of March. Maybe today. We’re not waiting. This game is about ended...
3-15-2022 Intel Guru MarkZ [via PDK] They are planning on seating their gov. on the 26th…and seem very confident they will do so on the 26th. ...a slow day in the RV world....Hopefully the quiet before the storm. ...I do not know the timing…I do know it’s a “when” and now an “if”...
3-15-2022 Newshound Guru Sandy Ingram New York Times Article: "Iraqi minister says high oil prices, if they last, could speed the shift to E.V.s" As investors you want to be aware of shifts and trends that could become commonplace...those flip-flopping short-wearing genius geeks in Silicon Valley have been working on a way to eliminate dependency on foreign oil. Iraq sees the shift coming...this is brewing in the background...
3-15-2022 Newshound Guru Breitling Russia...what's that have to do with Iraq? Iraq is kinda in the middle of it. They don't want to do business with one side or the other. They want to do business with both sides. They don't want to offend one side or the other. But that's over with. They want west. They want the U.S. dollar...they want to be able to do business with countries attached to the dollar. They don't want to do business with counties attached to the Russian Ruble...that's an easy choice for Iraq.
3-15-2022 Intel Guru MarkZ [via PDK] [I wonder how much is Iraq losing daily with a weak dinar and high oil?] I have not done the math but believe it is hundreds of millions of dollars they are losing daily by the dinar being so weak. They desperately need this to change.
3-15-2022 Newshound Guru Pimpy Community comment: "The RV is a hoax." Here's the thing when people say the RV is a hoax, the comment itself doesn't make sense. You have to explain why it is that you think it's a hoax because the RV is not a hoax. We actually saw an RV take place in December of 2020. They RV'ed the dinar. They went ahead and depreciated it...so you can't say the RV is a hoax. The RV happens.
3-15-202 Newshound Guru Clare [Response to Godlover 3-15-2022 post below] NSCN'S ARE ALREADY PRINTED & WAITING LIKE EVERYTHING ELSE... TO BE REVEALED AT THE PROPER TIME...WS [Guru Walkingstick] TOLD US THAT THE TRAINING WAS ALL FINISHED PERIOD. THERE IS A LOT THAT GOES ON BEHIND THE SCENES THAT WE ARE NOT PRIVIY TO. NOT ONE OF US IMO.
3-15-2022 Intel Guru MarkZ [via PDK] ...Article from Iraq: “The federal court postpones the lawsuit to raise the price of the dollar until 4/4” I am being told by my sources that this was postponed on purpose because they expect the RV to have been completed, small denomination bills released and everything done…by April 4th. Thus negating the need for it. That is what I am hearing...I am feeling pretty confident we will have been to the bank and be done before April 4th.
3-15-2022 Newshound Guru Godlover The articles speaking of the exchange rate appear to be talking of the previous rate. It's a concern because the oil & gas law is an ongoing issue that I feel needs resolved prior to what we all seek. I am not sure where we stand on the investment law, I am pretty sure this still needs to be resolved. Per articles the NSCN's need to be printed, if this is the case, which I think is likely, then that will be another lengthy process...
3-15-2022 Newshound Guru MilitiaMan ...their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see...
3-15-2022 Intel Guru Bob Locke When contacts are extremely quiet…big things are happening…things are definitely moving.
3-15-2022 Newshound Guru Sandy Ingram New York Times Article: "Iraqi minister says high oil prices, if they last, could speed the shift to E.V.s" As investors you want to be aware of shifts and trends that could become commonplace...those flip-flopping short-wearing genius geeks in Silicon Valley have been working on a way to eliminate dependency on foreign oil. Iraq sees the shift coming...this is brewing in the background...
3-15-2022 Newshound Guru Breitling Russia...what's that have to do with Iraq? Iraq is kinda in the middle of it. They don't want to do business with one side or the other. They want to do business with both sides. They don't want to offend one side or the other. But that's over with. They want west. They want the U.S. dollar...they want to be able to do business with countries attached to the dollar. They don't want to do business with counties attached to the Russian Ruble...that's an easy choice for Iraq.
3-15-2022 Intel Guru MarkZ [via PDK] [I wonder how much is Iraq losing daily with a weak dinar and high oil?] I have not done the math but believe it is hundreds of millions of dollars they are losing daily by the dinar being so weak. They desperately need this to change.
3-15-2022 Newshound Guru Pimpy Community comment: "The RV is a hoax." Here's the thing when people say the RV is a hoax, the comment itself doesn't make sense. You have to explain why it is that you think it's a hoax because the RV is not a hoax. We actually saw an RV take place in December of 2020. They RV'ed the dinar. They went ahead and depreciated it...so you can't say the RV is a hoax. The RV happens.
3-15-202 Newshound Guru Clare [Response to Godlover 3-15-2022 post below] NSCN'S ARE ALREADY PRINTED & WAITING LIKE EVERYTHING ELSE... TO BE REVEALED AT THE PROPER TIME...WS [Guru Walkingstick] TOLD US THAT THE TRAINING WAS ALL FINISHED PERIOD. THERE IS A LOT THAT GOES ON BEHIND THE SCENES THAT WE ARE NOT PRIVIY TO. NOT ONE OF US IMO.
3-15-2022 Intel Guru MarkZ [via PDK] ...Article from Iraq: “The federal court postpones the lawsuit to raise the price of the dollar until 4/4” I am being told by my sources that this was postponed on purpose because they expect the RV to have been completed, small denomination bills released and everything done…by April 4th. Thus negating the need for it. That is what I am hearing...I am feeling pretty confident we will have been to the bank and be done before April 4th.
3-15-2022 Newshound Guru Godlover The articles speaking of the exchange rate appear to be talking of the previous rate. It's a concern because the oil & gas law is an ongoing issue that I feel needs resolved prior to what we all seek. I am not sure where we stand on the investment law, I am pretty sure this still needs to be resolved. Per articles the NSCN's need to be printed, if this is the case, which I think is likely, then that will be another lengthy process...
3-15-2022 Newshound Guru MilitiaMan ...their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see...
3-15-2022 Intel Guru Bob Locke When contacts are extremely quiet…big things are happening…things are definitely moving.
3-14-2022 Intel Guru MarkZ [via PDK] This article has a lot of folks concerned..."The Federal court postpones the lawsuit to raise the price of the dollar to 4/4” This has me feeling very good right now. I am told – not by Iraqi sources but, by sources here in the US that this is when they expect to be done. I am being told that they expect that we have finished...redemptions before then. Keep in mind that it may take 3 weeks to a month to get us all in and done…so they have to start this quickly if they are going to meet that timeline. So I am hearing that they plan on having the overwhelming majority of us in and out so that they can release the “international Rate” by or before April 4th.
3-14-2022 Newshound Guru Pimpy I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight. I doesn't mean I'm right. It doesn't mean I'm wrong. I'm just saying you're gonna see it go up in increments. How much? I don't know. But Sadr is pretty serious about dealing with this exchange rate issue...
3-14-2022 Newshound Guru MilitiaMan Article: "Al-Faw port .. Funding is enough for September and a government step to overcome the budget delay" The mention of the a difference in exchange rates is very interesting...The budget is in Dinars but the contract is in Dollars. The large difference in amounts after changing the exchange rate between each other is by recalculating costs. So they have a new system in place to account for the differences...if there are any delays, then they are all set with the new system to take over. ...The new system when the ...exchange rate changes...will calculate the differences in the exchange rates. Sounds like they have it set up for a seamless change over. All good to go imo...
3-14-2022 Newshound Guru Samson Article: "The Federal Court postpones the lawsuit to raise the price of the dollar to 4/4"
3-14-2022 Newshound Guru Godlover ...There are still many unresolved issues...I do not believe the NSCN's [New Small Category Notes] have been printed yet per a recent article & I do not believe the NSCN training has happened yet.
3-14-2022 Newshound Guru Sandy Ingram There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar.
3-14-2022 Intel Guru MarkZ [via PDK] I do not know if the Iranian strike in Iraq has caused any type of delay or not. I have been unable to get a response from my 2 best contacts on the ground in Iraq...Hope to find out if we are still on track…the goal in Iraq was for today…
3-14-2022 Newshound Guru Breitling Believe it or not what you're seeing with Ukraine is helping that. The United States is more inclined to have Iraq comply. Do you know why? Because right now there is a competition...The west is trying to confirm who is with us. Iraq wants to be part of the American western system. End of story. Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries. [Post 2 of 2]
3-14-2022 Newshound Guru Breitling It's always about what markets are they [Iraq] going to be involved with. Always. Once they add value to the Iraqi dinar how can they participate in those markets? Who's going to be able to accept it? That's why you're watching Iraq go through all these banking laws - setting it up so it complies with the west...they're restricted on what they can buy...They're still going to sell oil in U.S. dollars but they're going to back their own currency up with U.S. dollars and their currency will be unrestricted. [Post 1 of 2....stay tuned]
3-14-2022 Newshound Guru Pimpy Community Sentiment: "It was so easy to devalue, why can't they just revalue?" It's not 'revaluing' we're looking for. I think what everybody's really wanting is the reinstatement of the old rate of $3.22. There's a difference between a revaluation and a reinstatement...I'd rather them take their time and do it 100% the right way so that it doesn't fall back down...
3-14-2022 Newshound Guru MilitiaMan At some point Iraq may be in the AMF basket of currencies (Arab Monetary Fund)...the AMFs way of calculating the exchange rate...shows me that there is a strong probability that the IQD will be strong in pricing going forward. The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years...
3-14-2022 Newshound Guru Pimpy I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight. I doesn't mean I'm right. It doesn't mean I'm wrong. I'm just saying you're gonna see it go up in increments. How much? I don't know. But Sadr is pretty serious about dealing with this exchange rate issue...
3-14-2022 Newshound Guru MilitiaMan Article: "Al-Faw port .. Funding is enough for September and a government step to overcome the budget delay" The mention of the a difference in exchange rates is very interesting...The budget is in Dinars but the contract is in Dollars. The large difference in amounts after changing the exchange rate between each other is by recalculating costs. So they have a new system in place to account for the differences...if there are any delays, then they are all set with the new system to take over. ...The new system when the ...exchange rate changes...will calculate the differences in the exchange rates. Sounds like they have it set up for a seamless change over. All good to go imo...
3-14-2022 Newshound Guru Samson Article: "The Federal Court postpones the lawsuit to raise the price of the dollar to 4/4"
3-14-2022 Newshound Guru Godlover ...There are still many unresolved issues...I do not believe the NSCN's [New Small Category Notes] have been printed yet per a recent article & I do not believe the NSCN training has happened yet.
3-14-2022 Newshound Guru Sandy Ingram There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar.
3-14-2022 Intel Guru MarkZ [via PDK] I do not know if the Iranian strike in Iraq has caused any type of delay or not. I have been unable to get a response from my 2 best contacts on the ground in Iraq...Hope to find out if we are still on track…the goal in Iraq was for today…
3-14-2022 Newshound Guru Breitling Believe it or not what you're seeing with Ukraine is helping that. The United States is more inclined to have Iraq comply. Do you know why? Because right now there is a competition...The west is trying to confirm who is with us. Iraq wants to be part of the American western system. End of story. Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries. [Post 2 of 2]
3-14-2022 Newshound Guru Breitling It's always about what markets are they [Iraq] going to be involved with. Always. Once they add value to the Iraqi dinar how can they participate in those markets? Who's going to be able to accept it? That's why you're watching Iraq go through all these banking laws - setting it up so it complies with the west...they're restricted on what they can buy...They're still going to sell oil in U.S. dollars but they're going to back their own currency up with U.S. dollars and their currency will be unrestricted. [Post 1 of 2....stay tuned]
3-14-2022 Newshound Guru Pimpy Community Sentiment: "It was so easy to devalue, why can't they just revalue?" It's not 'revaluing' we're looking for. I think what everybody's really wanting is the reinstatement of the old rate of $3.22. There's a difference between a revaluation and a reinstatement...I'd rather them take their time and do it 100% the right way so that it doesn't fall back down...
3-14-2022 Newshound Guru MilitiaMan At some point Iraq may be in the AMF basket of currencies (Arab Monetary Fund)...the AMFs way of calculating the exchange rate...shows me that there is a strong probability that the IQD will be strong in pricing going forward. The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years...
3-13-2022 Newshound Guru Pimpy I still think it's going to be in increments. There's a part of me that still feels like there is going to be a change to the rate in this budget. A small one, not major. I think they're going to go back to the original. I'd like to see better but Iraq has come a long way over the...last year and a half especially...Don't give up hope... Newbies you didn't have to go through the emotional rollercoaster...
3-13-2022 Newshound Guru MilitiaMan Article: "Al-Sadr outlines the formation of the new Iraqi government". There is the fire under his behind.. Sadr is all for getting the ball rolling with the GOI and the Exchange Rate.
3-13-2022 Newshound Guru Kaperoni [People think] Iraq is going to RV when they pass the 2022 budget. LOL. The only talk is to bring it back to what it was 12 months ago but that depends on the growth and success with their own economy.
3-13-2022 Intel Guru Frank26 Everyone in the public arena of Iraq wants to jump on the 'I am the hero' train. That's the problem with parliament and everybody wants to toot their horns. Whens the last time you've seen Sadr come out and say we need a new exchange rate and tell the citizens of Iraq that with his political and religious power he can bring this forth? Just a few weeks ago.
3-13-2022 Newshound Guru Pimpy What is the probability that this [reinstatement] will happen? It's not very high because of all the different factors that feed into the reinstatement of the Iraqi dinar. But as far as the revaluing, if they could just stay out of trouble and continue to move forward like they have been and start rebuilding that country and focusing on the people there's great hope that you'll see an RV happen more than one time and eventually it'll get up there to where we would like it to be that's for sure.
3-13-2022 Newshound Guru Clare Article: "A statement from the Finance regarding raising the value of the Iraqi dinar" Quote: "...on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar."
3-13-2022 Newshound Guru Samson Article: "What Is Required From The Federal General Budget For 2022" Quote: "In previous budgets, all budgets were item budgets, completely copying the ones that preceded them, with one thing changing, which is the price of a barrel, which will be the basis for calculating the volume of spending and the deficit and therefore the amount of money that is borrowed. Except last year, the budget included something else, which is the exchange rate of the US dollar against Iraqi dinar."
3-13-2022 Intel Guru MarkZ [via PDK] [After they change their rate. How long after do we go?] I hear we are immediate…right after they change the rate.
3-13-2022 Newshound Guru MilitiaMan Article: "Al-Sadr outlines the formation of the new Iraqi government". There is the fire under his behind.. Sadr is all for getting the ball rolling with the GOI and the Exchange Rate.
3-13-2022 Newshound Guru Kaperoni [People think] Iraq is going to RV when they pass the 2022 budget. LOL. The only talk is to bring it back to what it was 12 months ago but that depends on the growth and success with their own economy.
3-13-2022 Intel Guru Frank26 Everyone in the public arena of Iraq wants to jump on the 'I am the hero' train. That's the problem with parliament and everybody wants to toot their horns. Whens the last time you've seen Sadr come out and say we need a new exchange rate and tell the citizens of Iraq that with his political and religious power he can bring this forth? Just a few weeks ago.
3-13-2022 Newshound Guru Pimpy What is the probability that this [reinstatement] will happen? It's not very high because of all the different factors that feed into the reinstatement of the Iraqi dinar. But as far as the revaluing, if they could just stay out of trouble and continue to move forward like they have been and start rebuilding that country and focusing on the people there's great hope that you'll see an RV happen more than one time and eventually it'll get up there to where we would like it to be that's for sure.
3-13-2022 Newshound Guru Clare Article: "A statement from the Finance regarding raising the value of the Iraqi dinar" Quote: "...on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar."
3-13-2022 Newshound Guru Samson Article: "What Is Required From The Federal General Budget For 2022" Quote: "In previous budgets, all budgets were item budgets, completely copying the ones that preceded them, with one thing changing, which is the price of a barrel, which will be the basis for calculating the volume of spending and the deficit and therefore the amount of money that is borrowed. Except last year, the budget included something else, which is the exchange rate of the US dollar against Iraqi dinar."
3-13-2022 Intel Guru MarkZ [via PDK] [After they change their rate. How long after do we go?] I hear we are immediate…right after they change the rate.
3-12-2022 Newshound Guru Adam Montana Article: "Mosul Bank selects CR2 to Accelerate Digital Banking" Quote: "Mosul Bank has selected Irish-based CR2, one of the world's leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market." COMMUNITY COMMENT: All for a worthless currency, LOL. ADAM: currently worthless.
3-12-2022 Intel Guru MarkZ [via PDK] So what do we know from their own news…. 1. they are seating the government so they can address the exchange rate. 2. They want it sat before Monday so they can address the exchange rate on Monday. So all their leadership is coming together in one place so they can change their exchange rate. So there is absolutely things happening.
3-12-2022 Newshound Guru MilitiaMan there is a convergence of thing that may have symbiotic relationship overall. But, the fact is the FM (GOI) is about the legality of the finance side of reforms and the CBI has the exchange rate side of things. It is the CBI that will change the rate. The FM will have the laws in place for the implementation of that rate once issued.
3-12-2022 Newshound Guru Pimpy Question "How do I know if my dinar is not counterfeit?" ...be very careful about buying anything on Amazon or anything on eBay. There's always a risk involved there. If you buy it off a legitimate currency exchange they're going to guarantee it so that's something to think about...security features...on the dinar that you could look for - there's a watermark mark that has a horse head. If you hold I up [to the light] there should be horse head. If you use an ultraviolet light...it will glow the denomination's value. You have a color changing symbol. There are all kinds of things you could look on the dinar to make sure that it's legitimate...
3-12-2022 Newshound Guru Samson Article: "The role of the Federal Court in deciding the issue of raising the price of the dollar ignites a legal dispute" Quote: "The dispute over restoring the price of the dollar to its previous era ignited a legal dispute..."
3-12-2022 Intel Guru MarkZ [via PDK] I am still hearing positive things... In Iraq the Political Elites are meeting today to move forward and to seat that government…they have agreed to sit down and pound this out today no matter what. …also an article talking about the value of the dinar being a point of contention with which sides are trying to score political points. They are going to host the finance minister to address the exchange rate... On March 14th they are also going to host the Governor of the central Bank of Iraq to work through this…there is also a lawsuit to force them to do what they are supposed to do which is increase the value of the dinar...
3-12-2022 Newshound Guru Sandy Ingram Article: "Chamisa Says Zibabwe Will Reintroduce U.S. Dollar If Elected President" Moving to Zimbabwe for a really quick moment. Zimbabwe has an election coming up in 2023 and one of the candidates has already promised to reinstate the U.S. dollar as the currency if he wins...
3-12-2022 Newshound Guru Pimpy You know the restrictions are removed [off the Iraq, the CBI and the dinar] when you can go into your favorite bank that sells and buys currencies and you could walk in and buy the Iraqi dinars or sell your dinars.
3-12-2022 Intel Guru Bruce [via WiserNow] We are hearing that this is supposed to be the weekend of all weekends – We’re hearing that the golden gates are to be flung open this weekend...we’ve got 5 different sources weighing in on this – and couple of them are in agreement that it’s very possible that our notifications could come out as early as Saturday or Sunday...However...the lead bank is saying notifications to us – they’re hearing from a call they were on today – notifications Monday – exchanges starting Tuesday...I am sorry if it’s a little vague – but that is what I’m getting...Let's see what happens.
3-12-2022 Intel Guru MarkZ [via PDK] So what do we know from their own news…. 1. they are seating the government so they can address the exchange rate. 2. They want it sat before Monday so they can address the exchange rate on Monday. So all their leadership is coming together in one place so they can change their exchange rate. So there is absolutely things happening.
3-12-2022 Newshound Guru MilitiaMan there is a convergence of thing that may have symbiotic relationship overall. But, the fact is the FM (GOI) is about the legality of the finance side of reforms and the CBI has the exchange rate side of things. It is the CBI that will change the rate. The FM will have the laws in place for the implementation of that rate once issued.
3-12-2022 Newshound Guru Pimpy Question "How do I know if my dinar is not counterfeit?" ...be very careful about buying anything on Amazon or anything on eBay. There's always a risk involved there. If you buy it off a legitimate currency exchange they're going to guarantee it so that's something to think about...security features...on the dinar that you could look for - there's a watermark mark that has a horse head. If you hold I up [to the light] there should be horse head. If you use an ultraviolet light...it will glow the denomination's value. You have a color changing symbol. There are all kinds of things you could look on the dinar to make sure that it's legitimate...
3-12-2022 Newshound Guru Samson Article: "The role of the Federal Court in deciding the issue of raising the price of the dollar ignites a legal dispute" Quote: "The dispute over restoring the price of the dollar to its previous era ignited a legal dispute..."
3-12-2022 Intel Guru MarkZ [via PDK] I am still hearing positive things... In Iraq the Political Elites are meeting today to move forward and to seat that government…they have agreed to sit down and pound this out today no matter what. …also an article talking about the value of the dinar being a point of contention with which sides are trying to score political points. They are going to host the finance minister to address the exchange rate... On March 14th they are also going to host the Governor of the central Bank of Iraq to work through this…there is also a lawsuit to force them to do what they are supposed to do which is increase the value of the dinar...
3-12-2022 Newshound Guru Sandy Ingram Article: "Chamisa Says Zibabwe Will Reintroduce U.S. Dollar If Elected President" Moving to Zimbabwe for a really quick moment. Zimbabwe has an election coming up in 2023 and one of the candidates has already promised to reinstate the U.S. dollar as the currency if he wins...
3-12-2022 Newshound Guru Pimpy You know the restrictions are removed [off the Iraq, the CBI and the dinar] when you can go into your favorite bank that sells and buys currencies and you could walk in and buy the Iraqi dinars or sell your dinars.
3-12-2022 Intel Guru Bruce [via WiserNow] We are hearing that this is supposed to be the weekend of all weekends – We’re hearing that the golden gates are to be flung open this weekend...we’ve got 5 different sources weighing in on this – and couple of them are in agreement that it’s very possible that our notifications could come out as early as Saturday or Sunday...However...the lead bank is saying notifications to us – they’re hearing from a call they were on today – notifications Monday – exchanges starting Tuesday...I am sorry if it’s a little vague – but that is what I’m getting...Let's see what happens.
3-11-2022 Intel Guru MarkZ [via PDK] ...in Iraq today the conversations are about seating the government on Monday and a reinstatement of the rate... So everything still appears to be moving forward...I am being told the NEER (Nominal Effective Exchange Rate) rate is for in country. ($1-$1.50) and is still in the works…so that is great news for us. It may be forcing the culmination of this event.
3-11-2022 Newshound/Intel Gurus Walkingstick and Frank26 The CBI governor is a figurehead...nothing more. He has no authority. He has no power. He's actually a 'yes man'. He pushes buttons once he's told what to do...the governor pulls the trigger when he is told to...in control but not the authority of the actions of the CBI. When the governor of the CBI speaks it's with the knowing and the permission and the authority of the board of directors of the CBI...this thing is on course like a guided missile.
3-11-2022 Newshound Guru Pimpy Like I said before a lot of countries are holding the Iraqi dinar in its reserves. What I really want to know is how many of those dollars are in the hands of the public because it could be a number that's low enough that they could afford a rate change. [Post 2 of 2]
3-11-2022 Newshound Guru Pimpy We know that 55 trillion dinars were printed. If 55 trillion were still around, there's no way you could do a rate change because even for a dollar Iraq doesn't have 55 trillion dollars...what you needed to do was somehow-someway reduce the amount of currency that was in circulation. We know that happened. The rumor is 72% of the currency has been destroyed...if 72% of the 55 trillion was truly destroyed they're still sitting at somewhere around 13 trillion dollars. That's still a lot. [Post 1 of 2....stay tuned]
3-11-2022 Newshound Guru Godlover Question: "Did the 2021 passed budget ever get opened?" yes it was opened. They are currently using the 1/12 system. Basically going month to month off of the previous years budget, until the 2022 budget is passed & opened.
3-11-2022 Intel Guru MarkZ [via PDK] In Iraq they are still looking for between now and the 20th to have their government sat…and the NEER rate (Nominal Effective Exchange Rate)...Redemption center folks, as of this morning are still being told they are working this weekend...I absolutely believe the RV has started. It just has not trickled down to us yet.
3-11-2022 Intel Guru Frank26 Kazemi and Mustafa they get with the IMF and they say...the face value of the IQD will be on par with the face value of 1 to 1 unless oil says differently...
3-11-2022 Newshound Guru MilitiaMan Article: "Communications participates in the workshop on Iraq’s accession to the World Trade Organization" The need for a reset to the exchange rate will come prior to ascension...This is not the first we have heard of this. This the final workshop? We shall see.. imo Likely it is... imo.
3-11-2022 Newshound/Intel Guru Mnt Goat ...The news about the Iraqi dinar is still all about changing the exchange rate...they know they have to complete the project to delete the zeros and reinstate the dinar back to the global currency exchanges and let the market drive it. ...I will tell you when they do...the money shall flow into Iraq...the IMF just had a briefing with the government of Iraq and told them what they still needed to do. They need to back their currency or it may flop when they do reinstate it. ...I still want to emphasize that the rate is being artificially suppressed as the value has been in the currency all along. Just the oil revenues alone can sustain at least a $3+ rate...
3-11-2022 Intel Guru MarkZ [via PDK] When people ask me what is different now…then before…We have never had articles about the exchange rate like we have now…Or UN filed statements and documentation that they have met all of their obligations now to reinstate their currency…or news clips from Kuwait stating Iraq has finished all of their payments. …it is so much different now than it has ever been in the past. So for all of those saying its groundhog day and nothing is changing…just look…there is so much changing. It has changed dramatically.
3-11-2022 Newshound/Intel Gurus Walkingstick and Frank26 The CBI governor is a figurehead...nothing more. He has no authority. He has no power. He's actually a 'yes man'. He pushes buttons once he's told what to do...the governor pulls the trigger when he is told to...in control but not the authority of the actions of the CBI. When the governor of the CBI speaks it's with the knowing and the permission and the authority of the board of directors of the CBI...this thing is on course like a guided missile.
3-11-2022 Newshound Guru Pimpy Like I said before a lot of countries are holding the Iraqi dinar in its reserves. What I really want to know is how many of those dollars are in the hands of the public because it could be a number that's low enough that they could afford a rate change. [Post 2 of 2]
3-11-2022 Newshound Guru Pimpy We know that 55 trillion dinars were printed. If 55 trillion were still around, there's no way you could do a rate change because even for a dollar Iraq doesn't have 55 trillion dollars...what you needed to do was somehow-someway reduce the amount of currency that was in circulation. We know that happened. The rumor is 72% of the currency has been destroyed...if 72% of the 55 trillion was truly destroyed they're still sitting at somewhere around 13 trillion dollars. That's still a lot. [Post 1 of 2....stay tuned]
3-11-2022 Newshound Guru Godlover Question: "Did the 2021 passed budget ever get opened?" yes it was opened. They are currently using the 1/12 system. Basically going month to month off of the previous years budget, until the 2022 budget is passed & opened.
3-11-2022 Intel Guru MarkZ [via PDK] In Iraq they are still looking for between now and the 20th to have their government sat…and the NEER rate (Nominal Effective Exchange Rate)...Redemption center folks, as of this morning are still being told they are working this weekend...I absolutely believe the RV has started. It just has not trickled down to us yet.
3-11-2022 Intel Guru Frank26 Kazemi and Mustafa they get with the IMF and they say...the face value of the IQD will be on par with the face value of 1 to 1 unless oil says differently...
3-11-2022 Newshound Guru MilitiaMan Article: "Communications participates in the workshop on Iraq’s accession to the World Trade Organization" The need for a reset to the exchange rate will come prior to ascension...This is not the first we have heard of this. This the final workshop? We shall see.. imo Likely it is... imo.
3-11-2022 Newshound/Intel Guru Mnt Goat ...The news about the Iraqi dinar is still all about changing the exchange rate...they know they have to complete the project to delete the zeros and reinstate the dinar back to the global currency exchanges and let the market drive it. ...I will tell you when they do...the money shall flow into Iraq...the IMF just had a briefing with the government of Iraq and told them what they still needed to do. They need to back their currency or it may flop when they do reinstate it. ...I still want to emphasize that the rate is being artificially suppressed as the value has been in the currency all along. Just the oil revenues alone can sustain at least a $3+ rate...
3-11-2022 Intel Guru MarkZ [via PDK] When people ask me what is different now…then before…We have never had articles about the exchange rate like we have now…Or UN filed statements and documentation that they have met all of their obligations now to reinstate their currency…or news clips from Kuwait stating Iraq has finished all of their payments. …it is so much different now than it has ever been in the past. So for all of those saying its groundhog day and nothing is changing…just look…there is so much changing. It has changed dramatically.
3-10-2022 Newshound Guru Pimpy The exchange is not going to happen between us and Iraq. It's going to be us and our banks. Then our countries would deal with the exchange with Iraq...I could see them just holding on to the dinar and building up the foreign reserves especially if the Iraqi dinar increases in value. Reserves would be a lot more valuable... Sadr is looking into this rate change. He gave his proposals...it looks like he's serious about keeping his campaign promise. We're going to see the rate change in a positive direction for the Iraqi dinar. But don't get overly excited, we need to figure out at what level is Sadr talking about.
3-10-2022 Newshound/Intel Gurus Walkingstick and Frank26 How is it we have an explosion of an economic reform inside of Iraq right now and I still don't see the new exchange rate? I still don't see the new currency? How's it that we have an economic reform without the monetary reform yet? ...Because Iraq is filthy rich...Iraq wants to go international...but it required a lot of things and all those things are done. There's no restrictions on their currency... we read constantly that a change to both the rate and the currency is coming...
3-10-2022 Newshound Guru Sandy Ingram Article: "US strikes harder at Putin, banning all Russian oil imports". This is excellent news for Iraq and OPEC who will need to provide more oil.
3-10-2022 Intel Guru Fleming All the news that we’re getting out of there [Iraq] is saying the same thing...over and over again for the last couple of weeks, ...about the dollar 50 that’s...going to be the in-country rate...They were going to put on the Forex and then let it just go and float to see how high it’ll go...The central bank does not answer to the government and the government does not answer to the central bank. So we’re sitting here waiting for somebody...to step up and say, we’re going now...the IMF has already given them permission. They’ve already got to go to go. They’re sovereign...
3-10-2022 Newshound Guru Godlover Community Comment: "Sure seem to me that all the HOOPLA about the fantastically low auctions have quickly disappeared..." You have been around for a while & should have known the high numbers would be back. It’s funny how either the same day or the day after there was an article that stated it was the first auction ever that was below a million…which of course was completely false. At one time I had documented many auctions below a million & many even at 0 sales. In fact there was a span of several weeks back in 2020 I believe that many were below a million & had many members including myself getting a little excited. Now I know better...
3-10-2022 Newshound Guru Samson Article: "Oil prices exceed $132 per barrel for the first time in 14 years"
3-10-2022 Intel Guru Frank26 The key in the monetary reform right now, what matters most in the next step of the monetary reform is the face value of the Iraqi dinar versus the American 'worthless' dollar. It is par value that the CBI seeks. The par value is the purchasing value for the citizens themselves. It is also the face value that also Kazemi and Mustafa seek because that is a 1 to 1 with the Iraqi Dinar being on par with the American dollar.
3-10-2022 Intel Guru MarkZ [via PDK] It looks like they are not going to seat the new government of Iraq until the 20th now. They are also coming out with confusing articles. The confusing articles are exactly what we saw in Kuwait before they RV’d...
3-10-2022 Newshound/Intel Guru Petra Because, Freedom of Capital Movement comes with full compliance and the currency, whether NEER or REER has yet to be established closing the loop on Full Article 8 compliance! Who would invest funds knowing they could "disappear"... NOBODY! So, Iraq, all the discussions are great, but...until investors and secondary market players KNOW their money is going exactly where it was intended and IMF protocols are followed to the law! Get your house in order and the countries you have met with will return....with the checkbook!!! [Post 2 of 2]
3-10-2022 Newshound/Intel Guru Petra Article: "Iraq invites French companies to implement projects in Baghdad" Myriads of countries have "aligned" themselves with business opportunities in Iraq...yet, to my knowledge, nobody is jumping in with both feet...Why? Because Iraq...have not made the commitment...to establish full Article 8 compliance. Yes, they are using Article 8 tools, but until they formally adopt full and final efforts in being Article 8 all such discussions are cordial and friendly but no money is being ingested into the country. [Post 1 of 2....stay tuned]
3-10-2022 Newshound Guru Pimpy Do I believe that the $3.22 rate can be reinstated? My answer is and always has been yes, it's possible but unlikely. I'm not saying it won't happen...it's possible but unlikely...in order for them to allow the economy and businesses to adjust it's going to have to go up in increments...
3-10-2022 Newshound Guru Militiaman ...To me the rate will proceed the GOI seating or at the same time, as they’ll need the new exchange rate to vote on for the HCL and to interlink the borders internally and externally.. imo.. The GOI should already be fully aware of all of this, and not play ignorant. When they do even the experts call them out on the matter.. It is show time..imo!!
3-10-2022 Intel Guru MarkZ [via PDK] I am hearing from the banking side that they do not expect the NEER Nominal effective exchange rate. They think that perhaps that is what they will do in country, but because of the oil for dinar program we should still get a higher rate... I am told that our rate should still be unaffected if Iraq goes with the $1.50 NEER rate. A $4.81 rate would be great.
3-10-2022 Newshound/Intel Gurus Walkingstick and Frank26 How is it we have an explosion of an economic reform inside of Iraq right now and I still don't see the new exchange rate? I still don't see the new currency? How's it that we have an economic reform without the monetary reform yet? ...Because Iraq is filthy rich...Iraq wants to go international...but it required a lot of things and all those things are done. There's no restrictions on their currency... we read constantly that a change to both the rate and the currency is coming...
3-10-2022 Newshound Guru Sandy Ingram Article: "US strikes harder at Putin, banning all Russian oil imports". This is excellent news for Iraq and OPEC who will need to provide more oil.
3-10-2022 Intel Guru Fleming All the news that we’re getting out of there [Iraq] is saying the same thing...over and over again for the last couple of weeks, ...about the dollar 50 that’s...going to be the in-country rate...They were going to put on the Forex and then let it just go and float to see how high it’ll go...The central bank does not answer to the government and the government does not answer to the central bank. So we’re sitting here waiting for somebody...to step up and say, we’re going now...the IMF has already given them permission. They’ve already got to go to go. They’re sovereign...
3-10-2022 Newshound Guru Godlover Community Comment: "Sure seem to me that all the HOOPLA about the fantastically low auctions have quickly disappeared..." You have been around for a while & should have known the high numbers would be back. It’s funny how either the same day or the day after there was an article that stated it was the first auction ever that was below a million…which of course was completely false. At one time I had documented many auctions below a million & many even at 0 sales. In fact there was a span of several weeks back in 2020 I believe that many were below a million & had many members including myself getting a little excited. Now I know better...
3-10-2022 Newshound Guru Samson Article: "Oil prices exceed $132 per barrel for the first time in 14 years"
3-10-2022 Intel Guru Frank26 The key in the monetary reform right now, what matters most in the next step of the monetary reform is the face value of the Iraqi dinar versus the American 'worthless' dollar. It is par value that the CBI seeks. The par value is the purchasing value for the citizens themselves. It is also the face value that also Kazemi and Mustafa seek because that is a 1 to 1 with the Iraqi Dinar being on par with the American dollar.
3-10-2022 Intel Guru MarkZ [via PDK] It looks like they are not going to seat the new government of Iraq until the 20th now. They are also coming out with confusing articles. The confusing articles are exactly what we saw in Kuwait before they RV’d...
3-10-2022 Newshound/Intel Guru Petra Because, Freedom of Capital Movement comes with full compliance and the currency, whether NEER or REER has yet to be established closing the loop on Full Article 8 compliance! Who would invest funds knowing they could "disappear"... NOBODY! So, Iraq, all the discussions are great, but...until investors and secondary market players KNOW their money is going exactly where it was intended and IMF protocols are followed to the law! Get your house in order and the countries you have met with will return....with the checkbook!!! [Post 2 of 2]
3-10-2022 Newshound/Intel Guru Petra Article: "Iraq invites French companies to implement projects in Baghdad" Myriads of countries have "aligned" themselves with business opportunities in Iraq...yet, to my knowledge, nobody is jumping in with both feet...Why? Because Iraq...have not made the commitment...to establish full Article 8 compliance. Yes, they are using Article 8 tools, but until they formally adopt full and final efforts in being Article 8 all such discussions are cordial and friendly but no money is being ingested into the country. [Post 1 of 2....stay tuned]
3-10-2022 Newshound Guru Pimpy Do I believe that the $3.22 rate can be reinstated? My answer is and always has been yes, it's possible but unlikely. I'm not saying it won't happen...it's possible but unlikely...in order for them to allow the economy and businesses to adjust it's going to have to go up in increments...
3-10-2022 Newshound Guru Militiaman ...To me the rate will proceed the GOI seating or at the same time, as they’ll need the new exchange rate to vote on for the HCL and to interlink the borders internally and externally.. imo.. The GOI should already be fully aware of all of this, and not play ignorant. When they do even the experts call them out on the matter.. It is show time..imo!!
3-10-2022 Intel Guru MarkZ [via PDK] I am hearing from the banking side that they do not expect the NEER Nominal effective exchange rate. They think that perhaps that is what they will do in country, but because of the oil for dinar program we should still get a higher rate... I am told that our rate should still be unaffected if Iraq goes with the $1.50 NEER rate. A $4.81 rate would be great.
3-9-2022 Newshound Guru Pimpy I was happy about all the discussion going on about the rate change but I didn't expect it to be very much of anything. If anything I thought it would go back the original rate of 1190 dinars where it was before they devalued it down to where it is now. I had heard rumors and I had my fingers crossed they were talking about possibly bringing it all the way down to 1050 dinars...27.5% increase in value. Not exactly what a lot of you are expecting but it's not too bad either in the grand scheme of things.
3-9-2022 Intel Guru Bruce [via WiserNow] ... the timing is close...So – we’re in a really good place... I am excited about the possibility that we’re hearing of the timing for this – which is a couple of days away... let’s be expectant of something happening soon...
3-9-2022 Intel Guru MarkZ [via PDK] Movement from the Iraqi government front on the Kurdistan side...They have worked out a framework and suggestions and will propose them over the next couple of days until they reach an agreement. There is a mad dash to get the government sat. I am told that the moment they do…we will get the rate...Buckle up and hang on…we are getting close according to news out of Iraq.
3-9-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Today on the television they showed an interview with the IMF...they talked about Iraq's economy, how it is getting better and better due to reforms. Then they called on the CBI governor telling the citizens that countries with fixed rates will make the best advances for their economy, would be a revalue of their currency.
3-9-2022 Newshound Guru Sandy Ingram Quote: "The Central Bank of Sudan said banks and exchange firms will determine the value of the Sundanese pound based upon supply and demand." [We] will watch this news story closely to learn about how the IQD...might play out when and if a currency is floated. You should know Sudan is in much worse shape economically and financially than Iraq. [Post 2 of 2]
3-9-2022 Newshound Guru Sandy Ingram Breaking news - Sudan has decided and has announced that it will float the country's currency. Article: "Roiled by economic crisis, Sudan to float its currency" The reason this is important to us as IQD investors...is because we are going to get to see in real-time and the process of how a country floats its currency. We can only hope that we could receive the same type of news release for the Iraqi dinar. [Post 1 of 2]
3-9-2022 Newshound/Intel Gurus Walkingstick and Frank26 There's no delay in the new exchange rate and new small category notes. They know when they want to do it. Granted they are losing billions of dollars through their auctions...they're [economy ?] growing because they're filthy rich but this is not the way that it's supposed to be...They need to stop using the crutch of the auctions that were established 18-19 years ago...
3-9-2022 Intel Guru MarkZ [via PDK] What it appears to me…from articles…Iraq wants to RV to at least $1.50…and they want it
immediately ...The NEER is the Nominal Effective Exchange rate…It is the nominal amount they are willing to accept to move forward now…In some of their old documentation it was set at $1.00…they are now pushing to set it at $1.50. ...The Nominal exchange rate could be a way to suck more dinar off the Iraqi streets before they release a better rate… ...$4.81 was what we had been hearing for a target rate…What they could do is start at $1.50 and let if float to $4.81…
3-9-2022 Newshound Guru Godlover Article: "The Federal Court summons the Minister of Finance and the Governor of the Central Bank" I won’t get too worried by this just yet. After all, the soon to be formed government has not even implemented the WP’s per numerous articles. Now, once the government is formed, budget passed & opened…that will tell all.
3-9-2022 Newshound Guru MilitiaMan Could there be more to the story that will unfold between now and the meeting on 03/14/2022...The problem I see with the reversion back to 120,000 / 100USD is that it really doesn’t help the poor...Going from poor to poorer and back again to poor is a double slap in the face, imo...That will not be the purchase power they were promised... [Post 2 of 2]
3-9-2022 Newshound Guru MilitiaMan Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday" They postpone the court until next Monday to hear the case of the Dollar Exchange rate and a Sovereign Wealth Fund...they are suggesting that the case is to restore the Dinar back to 120,000 / 100 USD from it’s present 1460. Just barely back to where it was 12/19/2020, a 22-23% move... [Post 1 of 2....stay tined]
3-9-2022 Newshound Guru Samson Article: "Deputy: Changing the exchange rate does not come with political speeches" Quote: "The State of Law coalition confirmed, on Wednesday, that changing the dollar exchange rate does not come with political speeches...the issue of changing the dollar exchange rate is purely scientific..."
3-9-2022 Intel Guru MarkZ [via PDK] [Reference Guru Franks26 post 3-8-22] …minimum rate at any moment. They are pushing for at least that right now…All the articles talk about this value is going to change…even at $1.50 it would be enough to make a huge difference to most of us…you could always just exchange a little and wait for the rate to go up. [NOTE: Consult your financial professionals to create an exchange plan that works best for your unique circumstances.]
3-9-2022 Newshound Guru Pimpy Whenever we're talking about the Iraqi dinar exchange rate...all this time we're sitting there going, oh you know, chapter VII and the United Nations and the United Nations Security Council and the IMF...but the biggest reason why no major changes have happened yet is Iraq's own government between Maliki and all his corruption, ISIS coming in there doing what they did, it's just been one hurdle after another...one of them is making sure that the country is stabilized especially the government...
3-9-2022 Newshound/Intel Guru Mnt Goat Good News! The International Financial Action Task Force (FATF) has taken Iraq...off the (grey) list for money laundering... So, this news today is yet another sign the window to financial freedom is close. Yes, we already witnessed the end to UN Chapter VII sanctions just recently and wait to hear now about the U.S. Treasury OFAC sanctions being lifted...
3-9-2022 Newshound Guru Samson Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday”
3-9-2022 Intel Guru Bruce [via WiserNow] ... the timing is close...So – we’re in a really good place... I am excited about the possibility that we’re hearing of the timing for this – which is a couple of days away... let’s be expectant of something happening soon...
3-9-2022 Intel Guru MarkZ [via PDK] Movement from the Iraqi government front on the Kurdistan side...They have worked out a framework and suggestions and will propose them over the next couple of days until they reach an agreement. There is a mad dash to get the government sat. I am told that the moment they do…we will get the rate...Buckle up and hang on…we are getting close according to news out of Iraq.
3-9-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: Today on the television they showed an interview with the IMF...they talked about Iraq's economy, how it is getting better and better due to reforms. Then they called on the CBI governor telling the citizens that countries with fixed rates will make the best advances for their economy, would be a revalue of their currency.
3-9-2022 Newshound Guru Sandy Ingram Quote: "The Central Bank of Sudan said banks and exchange firms will determine the value of the Sundanese pound based upon supply and demand." [We] will watch this news story closely to learn about how the IQD...might play out when and if a currency is floated. You should know Sudan is in much worse shape economically and financially than Iraq. [Post 2 of 2]
3-9-2022 Newshound Guru Sandy Ingram Breaking news - Sudan has decided and has announced that it will float the country's currency. Article: "Roiled by economic crisis, Sudan to float its currency" The reason this is important to us as IQD investors...is because we are going to get to see in real-time and the process of how a country floats its currency. We can only hope that we could receive the same type of news release for the Iraqi dinar. [Post 1 of 2]
3-9-2022 Newshound/Intel Gurus Walkingstick and Frank26 There's no delay in the new exchange rate and new small category notes. They know when they want to do it. Granted they are losing billions of dollars through their auctions...they're [economy ?] growing because they're filthy rich but this is not the way that it's supposed to be...They need to stop using the crutch of the auctions that were established 18-19 years ago...
3-9-2022 Intel Guru MarkZ [via PDK] What it appears to me…from articles…Iraq wants to RV to at least $1.50…and they want it
immediately ...The NEER is the Nominal Effective Exchange rate…It is the nominal amount they are willing to accept to move forward now…In some of their old documentation it was set at $1.00…they are now pushing to set it at $1.50. ...The Nominal exchange rate could be a way to suck more dinar off the Iraqi streets before they release a better rate… ...$4.81 was what we had been hearing for a target rate…What they could do is start at $1.50 and let if float to $4.81…
3-9-2022 Newshound Guru Godlover Article: "The Federal Court summons the Minister of Finance and the Governor of the Central Bank" I won’t get too worried by this just yet. After all, the soon to be formed government has not even implemented the WP’s per numerous articles. Now, once the government is formed, budget passed & opened…that will tell all.
3-9-2022 Newshound Guru MilitiaMan Could there be more to the story that will unfold between now and the meeting on 03/14/2022...The problem I see with the reversion back to 120,000 / 100USD is that it really doesn’t help the poor...Going from poor to poorer and back again to poor is a double slap in the face, imo...That will not be the purchase power they were promised... [Post 2 of 2]
3-9-2022 Newshound Guru MilitiaMan Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday" They postpone the court until next Monday to hear the case of the Dollar Exchange rate and a Sovereign Wealth Fund...they are suggesting that the case is to restore the Dinar back to 120,000 / 100 USD from it’s present 1460. Just barely back to where it was 12/19/2020, a 22-23% move... [Post 1 of 2....stay tined]
3-9-2022 Newshound Guru Samson Article: "Deputy: Changing the exchange rate does not come with political speeches" Quote: "The State of Law coalition confirmed, on Wednesday, that changing the dollar exchange rate does not come with political speeches...the issue of changing the dollar exchange rate is purely scientific..."
3-9-2022 Intel Guru MarkZ [via PDK] [Reference Guru Franks26 post 3-8-22] …minimum rate at any moment. They are pushing for at least that right now…All the articles talk about this value is going to change…even at $1.50 it would be enough to make a huge difference to most of us…you could always just exchange a little and wait for the rate to go up. [NOTE: Consult your financial professionals to create an exchange plan that works best for your unique circumstances.]
3-9-2022 Newshound Guru Pimpy Whenever we're talking about the Iraqi dinar exchange rate...all this time we're sitting there going, oh you know, chapter VII and the United Nations and the United Nations Security Council and the IMF...but the biggest reason why no major changes have happened yet is Iraq's own government between Maliki and all his corruption, ISIS coming in there doing what they did, it's just been one hurdle after another...one of them is making sure that the country is stabilized especially the government...
3-9-2022 Newshound/Intel Guru Mnt Goat Good News! The International Financial Action Task Force (FATF) has taken Iraq...off the (grey) list for money laundering... So, this news today is yet another sign the window to financial freedom is close. Yes, we already witnessed the end to UN Chapter VII sanctions just recently and wait to hear now about the U.S. Treasury OFAC sanctions being lifted...
3-9-2022 Newshound Guru Samson Article: "The Federal Court postpones hearing the lawsuit to restore the dollar exchange rate to its predecessor until next Monday”
3-8-2022 Intel Guru MarkZ [via PDK] They did not choose the new President in Iraq today…they are hoping to choose one in the next session. Which may be Monday of next week...Also I hear the Finance Minister and the Governor of the Central Bank needs to meet with parliament before the next session…so before next Monday.
3-8-2022 Newshound Guru Pimpy People used to tell me, 'Man, the Iraqi dinar is a scam man. It's fake.' I go 'you're conflating things.' You see the dinar itself is not fake. It's not a scam. It's not a fraud. It's a real currency. You can go into Iraq and you can spend it. The people use the Iraqi dinar to commit fraud, to commit scams. It's different. Investing into a currency that's not a scam...The process of buying and selling currencies is not a fraud...But yes there are people out there who have used the dinar to commit fraud. And there's people out there that use the dinar and crazy stories to scam people out of money still...
3-8-2022 Newshound Guru Sandy Ingram During the crisis in the Ukraine the Iraqi dinar is holding steady...what many people believe is one day we will wake up and the IQD will be worth a lot more against the US dollar. This belief is supported by the fact that Iraq may not be interested in joining the world financial platforms but appears from their actions to be very interested in raising the value of their currency...
3-8-2022 Newshound Guru Godlover Question: "Barrel of oil surging. 130 in US & Europe. Is there a magical number we’re waiting for?" the magical number is…when they are ready & not before.
3-8-2022 Newshound Guru MilitiaMan Article: "Kurdistan decides to reorganize fees and taxes and activate the electronic revenue system" This article imo is a doozy. It is telling me they are now ready to trade outside the borders...This all bodes very well for our study. The outcome is likely to be very promising and quickly now...I have always made the claim that, “the longer they take the more money we make.” With oil now $125+- at barrel, secures that. imo Lets see how they work this out.. They are working it out!!! The automation is proof they are!!!. imo.
3-8-2022 Newshound/Intel Gurus Walkingstick and Frank26 You're seeing lots and lots of, dozens, hundreds of articles that are all talking about raising the value of the currency and the new exchange rate and all that good stuff. That theme is alive and powerful. That animal is growling really loud...they know what's coming.
3-8-2022 Newshound Guru Desert Advisor Article quote: "A recent report revealed that the rise in the price of a barrel of oil to excel levels of $100 contributes to shifting the budget of some countries by the end of the currency year 2022...the report showed that Iraq needs to see a barrel at a price of $64.25 to turn it's budget into a surplus." As long as the barrel is over $64 Iraq is looking to strengthen their economy.
3-8-2022 Intel Guru MarkZ [via PDK] Article: "The Federal court summons the minister of finance and the governor of the Central bank of Iraq to appear in a special session of the exchange rate of the dinar." This is very positive news… According to that article they are ready to move forward. They have done everything they were supposed to do and their people need that prosperity. This is huge news coming out of Iraq. No exact time in the article as to when they are expected to appear. My Iraqi contacts say it is this week…within a couple of days. They expect this whole thing to be put to bed at anytime…we have yet to hear anything negative today.
3-8-2022 Intel Guru Frank26 I believe...Mustafa is now asking for the IMF to once again reconsider the NEER (Nominal Effective Exchange Rate). The NEER is the start of the calculations and the REER (Real Effective Exchange Rate) is the end. What they've established is a spectrum...to where they truly want to reach...they recalculated the exchange rate and they used the PPP (Purchasing Power Parity) IMO...a comparison of a basket of goods and services...from there you calculate... the NEER...that is the least you can do the exchange rate...we are now able to calculate the REER according to the price of a barrel of oil right now...They determined the the NEER...was above $1.00...it was determined the recalculation of the REER is $1.50...
3-8-2022 Newshound Guru Pimpy Article: "International Monetary warns Iraq and announces its position on the dollar exchange rate" If they had their way the currency would have been lowered even more. I believe they were proposing 1600 dinars for every dollar...by increasing the value of the dinar it makes Iraq less competitive on an international level...
3-8-2022 Newshound/Intel Guru Mnt Goat From Iraq the news this period is mostly all about what to do with the exchange rate once again. Yes, this saga continues... How do you change the rate without blowing up the economy? ...There is only one way and that is to complete the project to delete the zeros then reinstate the dinar, put it on a float and a basket of other currencies to protect if from massive inflation... Remember we are in VERY exciting times...We are going to get this reinstatement and we are going to go to the bank shortly...hold on to your currency...Please do not give up we have gone this far!
3-8-2022 Newshound Guru Pimpy People used to tell me, 'Man, the Iraqi dinar is a scam man. It's fake.' I go 'you're conflating things.' You see the dinar itself is not fake. It's not a scam. It's not a fraud. It's a real currency. You can go into Iraq and you can spend it. The people use the Iraqi dinar to commit fraud, to commit scams. It's different. Investing into a currency that's not a scam...The process of buying and selling currencies is not a fraud...But yes there are people out there who have used the dinar to commit fraud. And there's people out there that use the dinar and crazy stories to scam people out of money still...
3-8-2022 Newshound Guru Sandy Ingram During the crisis in the Ukraine the Iraqi dinar is holding steady...what many people believe is one day we will wake up and the IQD will be worth a lot more against the US dollar. This belief is supported by the fact that Iraq may not be interested in joining the world financial platforms but appears from their actions to be very interested in raising the value of their currency...
3-8-2022 Newshound Guru Godlover Question: "Barrel of oil surging. 130 in US & Europe. Is there a magical number we’re waiting for?" the magical number is…when they are ready & not before.
3-8-2022 Newshound Guru MilitiaMan Article: "Kurdistan decides to reorganize fees and taxes and activate the electronic revenue system" This article imo is a doozy. It is telling me they are now ready to trade outside the borders...This all bodes very well for our study. The outcome is likely to be very promising and quickly now...I have always made the claim that, “the longer they take the more money we make.” With oil now $125+- at barrel, secures that. imo Lets see how they work this out.. They are working it out!!! The automation is proof they are!!!. imo.
3-8-2022 Newshound/Intel Gurus Walkingstick and Frank26 You're seeing lots and lots of, dozens, hundreds of articles that are all talking about raising the value of the currency and the new exchange rate and all that good stuff. That theme is alive and powerful. That animal is growling really loud...they know what's coming.
3-8-2022 Newshound Guru Desert Advisor Article quote: "A recent report revealed that the rise in the price of a barrel of oil to excel levels of $100 contributes to shifting the budget of some countries by the end of the currency year 2022...the report showed that Iraq needs to see a barrel at a price of $64.25 to turn it's budget into a surplus." As long as the barrel is over $64 Iraq is looking to strengthen their economy.
3-8-2022 Intel Guru MarkZ [via PDK] Article: "The Federal court summons the minister of finance and the governor of the Central bank of Iraq to appear in a special session of the exchange rate of the dinar." This is very positive news… According to that article they are ready to move forward. They have done everything they were supposed to do and their people need that prosperity. This is huge news coming out of Iraq. No exact time in the article as to when they are expected to appear. My Iraqi contacts say it is this week…within a couple of days. They expect this whole thing to be put to bed at anytime…we have yet to hear anything negative today.
3-8-2022 Intel Guru Frank26 I believe...Mustafa is now asking for the IMF to once again reconsider the NEER (Nominal Effective Exchange Rate). The NEER is the start of the calculations and the REER (Real Effective Exchange Rate) is the end. What they've established is a spectrum...to where they truly want to reach...they recalculated the exchange rate and they used the PPP (Purchasing Power Parity) IMO...a comparison of a basket of goods and services...from there you calculate... the NEER...that is the least you can do the exchange rate...we are now able to calculate the REER according to the price of a barrel of oil right now...They determined the the NEER...was above $1.00...it was determined the recalculation of the REER is $1.50...
3-8-2022 Newshound Guru Pimpy Article: "International Monetary warns Iraq and announces its position on the dollar exchange rate" If they had their way the currency would have been lowered even more. I believe they were proposing 1600 dinars for every dollar...by increasing the value of the dinar it makes Iraq less competitive on an international level...
3-8-2022 Newshound/Intel Guru Mnt Goat From Iraq the news this period is mostly all about what to do with the exchange rate once again. Yes, this saga continues... How do you change the rate without blowing up the economy? ...There is only one way and that is to complete the project to delete the zeros then reinstate the dinar, put it on a float and a basket of other currencies to protect if from massive inflation... Remember we are in VERY exciting times...We are going to get this reinstatement and we are going to go to the bank shortly...hold on to your currency...Please do not give up we have gone this far!
3-7-2022 Intel Guru MarkZ [via PDK] We are hearing out of Iraq to expect the seating of the government tomorrow...I am hearing from all my bond contacts that they will move forward as soon as that government is sat. I don’t know what that means for us yet on the 800 number timing. All of my sources as of this afternoon are extremely upbeat and excited about this potential as they seat that government tomorrow.
3-7-2022 Newshound Guru Pimpy Question: "When will they reinstate the Iraqi dinar?" That's the 64 million dinar question...they seem to be making that announcement now - that they have no intentions on changing the rate for this year but every time they say that then you see what appears to be conflicting articles coming out because they're still discussing it. They're still taking about it. If they were truly settled on the rate they would just say so and leave it alone but for weeks now we've been seeing article after article on conversations going back and forth about what to do with the Iraqi dinar exchange.
3-7-2022 Newshound Guru MilitiaMan There is a convergence of things that are on going that suggest there are things moving quickly now. The reduction in value of the currency on 12/19/2021 had a purpose and that purpose is over. The subject is clearly being talked about at length, that even included paying off repartitions to Kuwait and the lifting of Chapter VII sanctions. Add in that oil has risen to about $120.00 per barrel and they are automating the provinces through AYSCUDA...this week they are implementing all provinces at the borders. That income will be similar to and or equal to the oil revenues. All of which sill support the exchange rate that will benefit the citizens.
3-7-2022 Newshound Guru Godlover Article: "Deputy: The government will be formed after Eid Al-Fitr" ...per articles their intentions are to elect the POR & the PM in one session. Then PM’s cabinet needs formed, which according to several articles will happen after the holiday...My hopes are that once the POR & PM are elected, the budget can be sent to parliament for reading & vote during the cabinet formation process. I suspect the budget will not open until the PM’s cabinet is formed, bringing us closer to mid year possibly for the budget opening. God willing, the budget opens with what we all seek.
3-7-2022 Intel Guru Frank26 The governor of the CBI is...a figure head. He is composed of a structure that allows him to make announcements of decisions. He is backed up by the board of directors. There's many of them. They have been doing a masterful job. The only thing we need is to sit a government.
3-7-2022 Newshound Guru Pimpy Article: "For the first time in the history of he currency auction, the central bank sells less than 1 million in cash" ...It doesn't look like the banks are parting with the American dollars...
3-7-2022 Intel Guru MarkZ [via PDK] Coming out of Iraqi parliament they had expected a adjustment of the rate wihin 3 days…
3-7-2022 Newshound Guru Samson Article: "Oil nears $130 on fears of a ban on the Russian product" Quote "Analysts at Bank of America said that if most of Russia’s oil exports were cut, there could be a 5 million barrel or larger deficit, which means oil prices could double from $100 to $200 a barrel, while JPMorgan analysts said this week that oil may double. to $185 a barrel this year"
3-7-2022 Newshound Guru Desert Advisor Article: "Brent crude price exceeds $119 per barrel" Well this just happened. You think their [Iraq's] economy's growing and strengthening? I do.
3-7-2022 Newshound Guru Sandy Ingram Article: "Iraqi Parliament to met for reopening door for new presidential candidates" Once the new president is elected by the parliament then they will select a prime minister.
3-7-2022 Intel Guru Fleming ...starting tomorrow [Monday], all banks all over the world are using QFS (QUANTUM FINANCIAL SYSTEM), exclusively...Confirmed by a variety of sources in many positions of authority… No more SWIFT allowed... Evidence that this is underway can be found by the announcement made by Iraq’s Central Bank, yesterday, stating that Iraq will have a “new currency value” within the next 3 days. The CBI is closed today and tomorrow, so Tuesday it is!
3-7-2022 Newshound Guru Pimpy Question: "When will they reinstate the Iraqi dinar?" That's the 64 million dinar question...they seem to be making that announcement now - that they have no intentions on changing the rate for this year but every time they say that then you see what appears to be conflicting articles coming out because they're still discussing it. They're still taking about it. If they were truly settled on the rate they would just say so and leave it alone but for weeks now we've been seeing article after article on conversations going back and forth about what to do with the Iraqi dinar exchange.
3-7-2022 Newshound Guru MilitiaMan There is a convergence of things that are on going that suggest there are things moving quickly now. The reduction in value of the currency on 12/19/2021 had a purpose and that purpose is over. The subject is clearly being talked about at length, that even included paying off repartitions to Kuwait and the lifting of Chapter VII sanctions. Add in that oil has risen to about $120.00 per barrel and they are automating the provinces through AYSCUDA...this week they are implementing all provinces at the borders. That income will be similar to and or equal to the oil revenues. All of which sill support the exchange rate that will benefit the citizens.
3-7-2022 Newshound Guru Godlover Article: "Deputy: The government will be formed after Eid Al-Fitr" ...per articles their intentions are to elect the POR & the PM in one session. Then PM’s cabinet needs formed, which according to several articles will happen after the holiday...My hopes are that once the POR & PM are elected, the budget can be sent to parliament for reading & vote during the cabinet formation process. I suspect the budget will not open until the PM’s cabinet is formed, bringing us closer to mid year possibly for the budget opening. God willing, the budget opens with what we all seek.
3-7-2022 Intel Guru Frank26 The governor of the CBI is...a figure head. He is composed of a structure that allows him to make announcements of decisions. He is backed up by the board of directors. There's many of them. They have been doing a masterful job. The only thing we need is to sit a government.
3-7-2022 Newshound Guru Pimpy Article: "For the first time in the history of he currency auction, the central bank sells less than 1 million in cash" ...It doesn't look like the banks are parting with the American dollars...
3-7-2022 Intel Guru MarkZ [via PDK] Coming out of Iraqi parliament they had expected a adjustment of the rate wihin 3 days…
3-7-2022 Newshound Guru Samson Article: "Oil nears $130 on fears of a ban on the Russian product" Quote "Analysts at Bank of America said that if most of Russia’s oil exports were cut, there could be a 5 million barrel or larger deficit, which means oil prices could double from $100 to $200 a barrel, while JPMorgan analysts said this week that oil may double. to $185 a barrel this year"
3-7-2022 Newshound Guru Desert Advisor Article: "Brent crude price exceeds $119 per barrel" Well this just happened. You think their [Iraq's] economy's growing and strengthening? I do.
3-7-2022 Newshound Guru Sandy Ingram Article: "Iraqi Parliament to met for reopening door for new presidential candidates" Once the new president is elected by the parliament then they will select a prime minister.
3-7-2022 Intel Guru Fleming ...starting tomorrow [Monday], all banks all over the world are using QFS (QUANTUM FINANCIAL SYSTEM), exclusively...Confirmed by a variety of sources in many positions of authority… No more SWIFT allowed... Evidence that this is underway can be found by the announcement made by Iraq’s Central Bank, yesterday, stating that Iraq will have a “new currency value” within the next 3 days. The CBI is closed today and tomorrow, so Tuesday it is!