Frank26 Question: “Do you think the rate will be on Forex?” Yeah! The Forex will be one of the very first to receive it.
Militia Man Once the COM [Council of Ministers] gets it [Budget] they’ll vote on the amendments and then they’ll forward that on to the House of Representatives. I don’t know that we’re waiting for all of that… Alaq’s job is to be independent and part of his job is the exchange rate. If there’s going to be a change he’s the guy that’s going to be acting in a manner to do so.
Clare Article: “Iraq produces more than two million tons of cement during the first quarter of 2024” Quote “...it had achieved a remarkable development in the volume of production achieved in the first three months of the current year, by 22% compared to the first quarter of last year 2023“
Walkingstick There is an explanation being given to all the people involved in the economic reform by Sudani and Alaq. In this explanation phase the information on the new lower notes and the information on the new exchange rate will be disclosed…There will now be a slew of press conferences with all of the GOI, Kurdistan Barzani people, the CBI, the [CBI] board of directors, everyone of them standing, planning and supporting the reforms of Sudani…
Sandy Ingram [Post 2 of 2] How long will it take US banks to recognize the currency after the initial increase in Iraq? Oh, you believe it will all happen on the same day? We would hope so, however this is unlikely… Savvy investors may have to travel for the exchange rate…If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? …We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars.
Sandy Ingram [Post 1 of 2…..] The IQD was not convertible to other currencies on global markets before the 2003 invasion…Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets…People with education in economics say the Iraqi currency will be readily available for exchange in US banks…The question then becomes –
Frank26 This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there’s no reason for these fils whether they be in coin form or paper form. It’s illogical. There’s not reason for it…These fils paper or coins and the exchange rate are not activated yet. They are all in the background waiting for when Sudani says it’s time.
Paulette If you go back and read articles after 7/1/23 you will see that Iraq is still under US/(UK) guardianship (receivership) …There were calls then for the UN to lift this guardianship but [4/10/2024 Article “Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq.”] may now be the first “Official” call that I have seen…The corrupt in the US do not want this to change…..The good news is that IMSO, their days are numbered…
Militia Man Iraq is going to be watching and waiting for their purchasing power…They have revenue streams from all different angles…You got natural resources galore – oil, liquid natural gas, tourism… agriculture…Are they going to be able to support a value of there currency? Of course they are. They were $3.22 back when oil was at $35. What if you added on to that all those things I just mentioned?
Frank26 This [new green 1000 fil note] is not a “lower note”…it falls under the category of fils. What does that mean? …It takes 1,000 fils to make 1 dinar. What does that mean? It means the monetary reform is successful. It’s brilliant! …it is cheaper to print paper than it is to mint coins…They are not minting coins right now…these are called fils but they’re in paper form…
RayRen98 “ACROSS THE POND” FOLKS ARE CLAIMING WTO ASCENSION & AN INTERNATIONAL CURRENCY. SOME 3-LTRS ARE STARTING TO CONFIRM AND ACKNOWLEDGE. TIME WILL TELL
Mnt Goat In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.
