Frank26 The specialized courses that are being taught to these people to run these exchange centers so that the citizens can go and trade in their 3 zero notes, it’s done. It’s the only reason why they’re telling you about it…It’s not a secret.
Clare Article: “Al-Sari: The population census guarantees fair distribution of wealth and parliamentary representation of the governorates”
Pimpy The deletion of the zeros…if they do it that way [zeros dropped BEFORE the rate change] it’s going to be the redenomination. They’re going to announce a new type of currency, new bank notes without the zeros on there before they make the change in the exchange rate. If it happens that way. We all have the same dinars. We’re all crossing our fingers and hoping the exchange rate takes place first before any type of redenomination.
Harlequinc3 [Response to Clare Interest Rate Article below] Are you kidding me?! Woot-woot! Expansionary, here we come. I’ll help you with that inflation, fellas, and how!
Above mentioned Article is below
Clare Article: ” ‘Hybrid Monetary Policy’.. Al-Sudani’s Advisor Reveals the Central Bank’s New Step” Quote: “The Central Bank began…on October 24, to reduce the monetary policy interest rate…by about 200 percentage points, by lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means…an expansionary policy in targeting the money supply...Despite the above…new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations, by offering debt instruments called Islamic certificates of deposit…which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts…with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days.“
Samson Article: ” ‘International Reconstruction’ reveals the completion of the first designs for the Iraqi Development Road Project”
Frank26 Sudani cleaned up the swamp. All of a sudden all of the banks that were stealing the Iraqi dinar, American dollar and profiteering illegally…he cleaned it all up. I told you we needed the CBI floor to be so spotless that you could eat off of the floor. The United States Treasury is on the second floor of the new CBI building. It’s spotless. All the bank that [were stealing] have been shut down. All the political parties that had power in the media and in the banking structure of Iraq are slowly being whittled away.
Clare Article: ” ‘Hybrid Monetary Policy’.. Al-Sudani’s Advisor Reveals the Central Bank’s New Step” Quote: “The Central Bank began…on October 24, to reduce the monetary policy interest rate…by about 200 percentage points, by lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means…an expansionary policy in targeting the money supply...Despite the above…new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations, by offering debt instruments called Islamic certificates of deposit…which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts…with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days.”
Nader Now we can pay with the Iraqi dinar anywhere in the world. From Iraq I can pay people over here [United States]…For now it’s 1310 but I can send you $500. I’m talking about business, I’m not talking about person to person. I’m talking about business. Before we’re not allowed to do that…
Mnt Goat [Post 1 of 2……] We have been…told by my CBI contact on the committee that we should expect to see the ramped-up Project to Delete the Zeros sometime soon after the U.S. election period is over sometime in November. This period of time through December will begin the process for the swap out with the newer lower denominations. To me this also means about a 1:1 at par rate of the IQD with the US dollar. But remember this is IN-COUNTRY only. Also remember these actions ALWAYS have dependencies. Nothing is a guarantee! I want to make this VERY CLEAR to you today.
Mnt Goat [post 2 of 2] …the media is constantly broadcasting commercials about how the swap out will work. Then the news media from Iraq tells us about the “cash center” that recently opened in Karkh. It is used solely for the intake of the three zero dinar notes or dollars. Folks they are already sucking in the three zero notes…So in reality, unofficially, the process of deleting the zeros has already begun. Yes, it is underway according to my CBI contact.
Pimpy [Lifting restrictions on currency exchange in Iraq] You understand if they lift these restriction they’re talking about the amount of liquidity that’s going to come into Iraq? Liquidity has always been an issue for them but now this would be a big deal for them. This would be huge. A lot of liquidity would come into Iraq. It’ll really strengthen the Iraqi dinar. I mean hardcore.
MarkZ [via PDK] I want to highlight this one. “Why fluctuate in the exchange rate of the US dollar” It occurred to me that these type of articles started appearing before the Kuwaiti Revaluation. Of course back then I had friends serving in the military that were stationed there at that time. So I was getting regular updates from Kuwait. I…followed it to see if they were right. One day they post articles that everything is stable…the next day they publish articles saying things are unsettled and fluctuating…They keep publishing conflicting articles to keep us off-balance. This is important and exactly what we saw before Kuwait revalued.
