Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying the dinar has grown in strength locally and that the decline of the dollar market is looking good, saying this is great that the black market is failing, the monetary reform is succeeding and soon to bring forth what was promised. FRANK: Woo! Yes it is great because this is what is needed in order to bring out the new exchange rate. As the dollar drops your currency grows.
Militia Man As far as the Hydrocarbon Law is concerned I think we need the financial side of things first. Article 140, they’re going to need the financial side done first. I think that’s where they’re at.
MarkZ [via PDK] In Iraq: “Full decisions of the cabinet meeting” …they are getting into the big, heavy decisions they have in front of them. The reforms going on in Iraq are impressive…Why do I point them out? Many are part of their white papers and banking and monetary reforms along with the increase of the purchasing power of the dinar.
SkyWalker I was recently asked what rate will the new rate be for the Iraqi dinar after the RV. I explained unless you are on the decision making board for the U.S. Treasury, CBI, and the Iraqi government then it is pointless trying to figure that out. The new rate for the Iraqi dinar will be calculated so Iraq’s economy can thrive in the region and globally once the nation goes international.
Mnt Goat Article: “WHAT IS THE TOTAL SPENDING AND PRICE OF A BARREL OF OIL IN THE 2025 BUDGET?” Quote: “…the price of a barrel of oil in the three-year budget, to which the 2025 budget is subject, was set at $70…” Just wanted to reiterate once again that the budget is based on a the prices of a barrel of oil and not the rate of the dinar… They never held up announcing a budget because of the RV.
MarkZ [via PDK] “The Central bank publishes the controls for declaring funds and their entry or exit from Iraq” one of the things I was always told is that they would secure the borders to restrict flow of cash (specifically dinar) out of the country in the days before the RV. Can only take $10 grand US…and cannot leave the country with more than $1 million dinar. I think this one is important.
RayRen98 I GOT A CALL LATE LAST NIGHT FROM A 3 LETTER AGENCY GUY…HE WAS EXTREMELY EXCITED…DIDN’T GIVE ME AN EXACT TIME. WE SHALL C!!!
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy just said don’t be surprised to see the notes being exchanged out early to mid-November. FRANK: So do I. FIREFLY: Sammy says they have already started with the new exchange centers…Where they can return the three zero notes. These centers are already open. FRANK: Holy Shit! I didn’t know they were turning in their three zero notes! Are they getting credit for those three zero notes to get lower notes? FIREFLY: …No…They did open all these centers in order for Iraqi citizens to bring in the worn and torn old three zero notes…they replaced them with newer ones. And we’re turning in our American dollars. FRANK: They are preparing you Iraqi citizens to receive the lower notes…Call it a precursor.
Pimpy Article: “US dollar exchange rate significantly declines in Iraq” That’s what you want to see happen. You want the Iraqi dinar to increase in value versus the United States dollar…This is their idea of significantly, it went from 1517.5 dinars for every dollar down to 1497.5 for every dollar…
Walkingstick They are talking to the Iraqi citizens under the umbrella of what they’re calling the ‘hybrid monetary plan’.
Militia Man Iraq is losing billions per month… Why aren’t they pumping oil out of the Ceyhan? I think that’s because they need to value the assets…which is oil coming out of the ground…What is going to be the components of that ‘base currency’ they talk about. What is the base currency they talk about? The Iraq dinar. If it’s going to be a base currency what’s the real effective exchange rate. And that’s those budget tables in 2024. That’s what I’m looking for…I think we’re going to see them in very short order.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says Iraq has implemented a new hybrid monetary process. FRANK: A second set of book that uses a different exchange rate!
MarkZ [via PDK] In Iraq: “Approval of the security sector reform Implementation plan in Iraq” This is part of the removal of the UN mission in Iraq. Removing the UN security mission is big news. When that happens there will be a complete 100% sovereign Iraq. We get paid and the Iraq people get paid.
Mnt Goat Article: “REMOVING ZEROS AND REVALUING THE IRAQI DINAR” Yet another article on removing the zeros? We must be getting very close.
