Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about the discussion for adjustment to have a new exchange rate. Can you believe that Mr. Frank? Every day they tell us they’re going to give us a new exchange rate…You know why they’re telling us they’re going to give us a new exchange rate? They say since the auctions are stopping. FRANK: Tell parliament to moooove over…The cash cow is coming to an end… It’s coming, that’s all there is to it.
Clare Article: “Iraq Stock Exchange Ranks First in the Arab World in Trading Volume for November“ Quote: “trading volumes achieved a growth of 131.24% during November 2024 compared to the previous month, thus topping the Arab financial markets in terms of growth rates.“
MarkZ [via PDK] …my Iraqi contacts this morning…are pretty upbeat…My contacts still think it could go at any moment and are prepared for it.
Kaperoni Question: “Rumor is that the dinar has RV’d. Have you anything to say about those rumors?” Kaperoni: Currencies of a country are not some lottery ticket. They represent a country, and if a currency is ever going to go up in value, it will be based on the success and economic growth of that country. Iraq is trying to rebuild their country and diversify their economy. Iraq has made a lot of progress over the years rebuilding, but still has a ways to go. If Iraq can create a market economy, and diversify away from oil, we may see some improvement in the value gradually as a result. But there is no significant RV like the gurus talk about.
Pimpy Article quote: “Sudden Suspension of the dollar sale platform by the central bank…will not affect local markets from the dollar exchange rate but there are those who try to broadcast rumors that this step will change the exchange rate.” A lot of these YouTubers claiming the exchange rate is going to be changed…It’s not. There’s nothing out there that indicates it. What you have is a lot of positive reforms taking place. Eventually the Iraqi dinar will delete the zeros, we’ll get a new type of currency and then you’re going to see something happen to the exchange rate. But no, it’s not going to happen before the end of the year. No it’s not going to happen at the first of the year. No, it’s not going to happen in February or March…
Frank26 If we have the float coming, if we have the auctions stopping, if all the things Sudani and the CBI have been saying… therefore the conclusion means that the lower notes have been put into position because the next step would expose them.
MarkZ [via PDK] Question: When the RV happens and the rates change – will the rates continue to go up or is that it? MarkZ: I have been told repeatedly that rates will not fluctuate much at all. No more than 1-2%. So when people say they are going to hang on to the currency to ride the float – it may bite them in the butt. I was told there will be a small window to exchange and if not exchanged by then, those bills will no longer be accepted…
Clare Article: “Dollar Auction.. What is the truth about stopping the Central Bank’s platform for currency conversion?” Quote: “This platform will be stopped at the end of this year, according to what the bank officially announced.”
Militia Man They changed the name to currency window as opposed to auction. That represents foreign currencies. Article quote “…This platform will be stopped at the end of this year.” …The dollar auctions as we know them are going bye-bye by the end of the year…That doesn’t mean the 31st…It means…coming at any time.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is reshowing the speech of Sudani from the other day when he said citizens want something realistic and they are tired of promises. FRANK: The fact they reshowed it is extremely important. Sudani is going out almost on a daily basis telling the Iraqi citizens, I got you! I told you I’m going to give you purchasing power. I got you.
Mnt Goat Article: “THE DOLLAR MARKET IS ON “ONE LEG”.. A NEW MECHANISM AND THE EXCHANGE RATE IS THREATENED!” … they are just telling us that there is a process in place to change-out the dinar to the lower denominations and effect the rate as part of this process without causing havoc. A higher, sudden RV, if not done appropriately would cause havoc…
MarkZ [via PDK] …there are many here in the US and all over the world that are expecting a value change with the end of the auctions. Not just people on the internet…but folks in government and the banking world as well.
