Frank26 Question ‘Will 25000 [dinar note] still be worth the same if it’s 1 to 1?’ Yes. A 25000 Iraqi note at a rate of 1 to 1 is equal to $25,000.
Pimpy Yeah, I know, we’re all doing the pee-pee dance. But don’t get overly excited because Iraq has a way of letting people down sometimes. Let’s stay grounded. There are other issues out there that we still got to tackle. But for the most part a big chunk of what we were hoping would happen is starting to happen now…Everything is looking really good. The next thing we got to wait for is the member states to vote Iraq back into the World Trade Organization and see what it’s going to take to get them on Forex…
Clare Article: “Iraq is looking forward to joining the World Trade Organization” Quote “riday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files”
Militia Man They’re holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time…
Samson Article: “Iraq is looking forward to joining the World Trade Organization”
Frank26 Question: “Will they make a formal announcement in Iraq just prior to letting the RI go?” No. There won’t be any announcement. It’s actually going to be snuck up on them. One day the Iraqi citizens will wake up and they’ll get a text or ping or whatever and they’ll be notified to get your butts into the banks and they will be given what will be given to them…
MarkZ [via PDK] …a number of group contacts are expecting liquidity the first of the week…Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time.
Kaperoni If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual increase reflects the economic growth of the economy.
Nader A lot of good news come out yesterday and I’m very happy...You know what? I’m excited. I’m very excited what’s happening.
Pimpy Article: “Sudani: Investment environment in Iraq is promising and open” Remember they have to be able to draw in foreign investors. As long as the country appears to be stable, the economy looks to be stable, the exchange rate looks to be stable, the currency looks to be stable, it’s all promising…this is all great news. This is one hell of a day for Iraq…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is saying the government is putting mobile teams together to monitor – No prices gouging during Ramadan. That tells us plainly there will be no rate change during Ramadan IMO. FRANK: It can happen at any time…But… I don’t see the reason for this to happen during Ramadan. It is a holy period. I see it happening before Ramadan.
Clare Article: “Iraq is looking forward to joining the World Trade Organization“ Quote: “Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws.“
MarkZ [via PDK] Question: Could Iraq RV during Ramadan? MarkZ: There is a historic precedence to go during Ramadan. For Muslims most things slow down at this time…and they do not like doing business at that time…but, it doesn’t mean they won’t…but it sure would be more convenient to go right before it.
