Frank26 Question “Does the budget have to be in The Gazette before we see a change in the rate?” No. They can make the change and then it can pop up in the Gazette. The Gazette is not something that is a mandatory in order for it to be revealed. The budget is a mandatory in order for it to be revealed.
Pimpy Question: “Is the exchange real?” The exchange is real if you’re talking about the currency. It’s a legitimate currency. Right now you can get 1320 dinars for every $1.00.
Walkingstick [via Frank26] What you need to watch…the internal float of the Iraqi dinar…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on the news talking about soon the parallel market will be same as regular… FRANK: …The parallel rate doesn’t exist anymore and if it doesn’t exist anymore it’s because they have a new exchange rate. The parallel rate was because you had a program rate.
Clare Article: “World Bank: Iraq maintains its status within the upper middle-income category“ Quote: “The bank added that it classifies the world’s economies into four income groups: low-income countries, lower-middle-income countries, upper-middle-income countries, and high-income countries, based on per capita gross national income. The measures of gross national income are expressed in US dollars.“
Militia Man The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because…if they need to value…assets, they’re going to need a real effective exchange rate…
Wolverine There will be no announcement of the RV. The notifications…to exchange will just come out without warning…very soon…Private contractors are being paid…I’ve seen the signed contracts and certified documents for the reset. It’s…happening.
Frank26 Question: “The dinar may skyrocket slowly for years, is there a chance to keep them in dinars in multi-currency accounts?” The IMF will force the CBI to give us outside of Iraq a specific amount of time [to exchange] but I pray that they give us 6 months to a year because if they give us one month to 3 months that’s not enough time IMO to take advantage of the float…
MarkZ [via PDK] …I’m not saying a float is not possible …but I believe it would have to be managed and come out closer to the end rate they want.
