Frank26 [Iraq boots-on-the-ground report] FIREFLY: We at point now that we expect Alaq give us a speech at any time now.
Samson Article: “Iraq Stock Exchange Ranks First in the Arab World in Trading Volume for November”
Pimpy Article: “What are Iraqis waiting for after the news of the ‘sudden suspension’ of the dollar sale platform by the Central Bank?” That is a big deal by the way. They’ve been talking about stopping the auctions for quite some time…This is their way of getting away from the dollar altogether and by doing so allow them to win the international community…This is going to eliminate a lot of the criminality…
MarkZ [via PDK] I am hearing rumors from groups attached to Indian Nations that they are being told to prep for imminent release. It could be within days…. Similar mechanism are being re-enacted to when Kuwait RV’d. Some Indian Nations did very well when Kuwait revalued. This has me really excited.
Frank26 The Vietnamese Dong has explosive potential IMO based on…that the world will now slowly turn more and more towards Vietnam for the things that they used to get out of China. That evidence has already been displayed in the last six years in their economy…If you went to Vietnam today you’d think you were is Dubai.
Militia Man We’re going to keep our eyes peeled for…4805, which is the Ministerial Council of Justice numbering system which talked about the federal budget. We haven’t see that opened yet for 2024 but we see that it’s printed…We don’t know exactly what the contents are. We’re hoping…the new exchange rate is within it.
Walkingstick After they stop the auction the nation of Iraq’s currency has to be backed by something. It will no longer be backed by the American dollar. But with a basket, the other currencies can back up the Iraqi dinar. But that’s not the best way for it to go. The best way is for the Iraq dinar to be backed by gold or by its assets inside of that basket giving it the most power for all the other currencies...No doubt the currency of Iraq is not just backed by oil but by endless amount of things.
Clare Article: “Iraqi dinar falls a week before dollar selling platform closes” Quote: “For days now, the Iraqi markets have witnessed a noticeable decline in the value of the Iraqi dinar against the US dollar…expected the rise to be temporary for a period of time, after getting used to stopping the platform and adopting the normal thing…The Central Bank of Iraq has expanded the basket of foreign currencies that can be dealt with and ended reliance on the dollar only, and this diversity will reduce the dollar exchange rate in the parallel market and raise the value of the Iraqi dinar in the future.“
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy told me the only thing remaining and we will see soon, is Iraq de-pegging from the dollar and with the auctions closing it’s just a matter of time when they’re going to give lower notes. FRANK: Mr. Sammy is preparing you. He wants you to get ready.
MarkZ [via PDK] Question: What does your “gut” say Mark? MarkZ: it says this year is still very much in play.
Mnt Goat I wanted to dispel some idiotic rumors…that the contractors are being paid at an RV rate and this time of $3.91 per dinar. Really? How is this possible? Simply put – its NOT …they are not trying to covertly implement the RV slowly behind our backs…The CBI told us many times already they would be upfront and straight forward about the process of the RV.
