MarkZ [via PDK] Question: Could we get to go this week? MarkZ: I think we may see bonds wrapping up this week. If so then 3 to 7 days later we see currencies go…that is what I think.
Clare Article: “Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves ” Quote: “The financial advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday …the US dollar accounts for more than 40% of Iraq’s investment portfolio of foreign reserves, noting that this is due to the fact that oil revenues are received in dollars…According to the Central Bank, Iraq has foreign exchange reserves of 130.8 trillion dinars, including 162.6 tons of gold.”
tishwash Article: “US official: We have huge opportunities in Iraq” Quotes: “A US delegation arrived in Iraq last Monday, the largest US trade mission ever, comprising representatives from 60 companies across various sectors.“; “The US economic delegation signed several important agreements with Iraq, some of which were attended by the Iraqi Prime Minister, and this was in coordination with the US Treasury Department.”
Frank26 What do we need? Security and stability. From who? Iran. Why? They steal everything they can from Iraq. That’s why they haven’t raised the value of their currency? Yes.
Walkingstick Inside of Iraq, those banks are run under the CBI banking laws. This bank that [Iraqi bank friend in Michigan] Aki is at has a purpose. But it has no lower denomination notes. Why? Because they follow American banking laws. When a Middle Easterner or anybody takes a dinar into Aki’s bank, they will be converted physically or electronically into American dollars. This bank servers a purpose. Why would these banks, like Aki’s, be there if there was no rate change coming? It’s all about the money. Aki is a businessman. Here’s there to make money with his boss. They’re going to do very well especially that there are 100’s of these centers around the world…I would say Aki’s bank is for the exchange of the three zero notes or Aki’s bank would not even exist because there would be no reason for them to exist.
Fnu Lnu The RV is not ready to go at any second. I have read 84 reports, the most recent government reports, and nowhere in any of them was any indication of an RV/RI. They are already calculating the REER for the last three years with no change during the last two years. The value of the Dinar is listed at 1300. This mythology of “getting the REER” leading to the RV is more folks with little understanding latching onto important sounding jargon…I advise everyone…watch the only real sources, FOREX and CBI. I’m afraid the RV is NOT imminent. [Note: You can always see the official CBI Iraqi dinar rate in the left column of this page.]
Samson Article: “JPMorgan strengthens cooperation with Iraq by increasing correspondent accounts and project financing.” Quote: “JPMorgan Chase announced its readiness to expand cooperation with Iraq…”
MarkZ [via PDK] Yesterday on the banking side we saw a lot of rates populating and changing on nearly every currency we are looking at – throughout the afternoon. This is a first. This is exciting.
Militia Man They’re talking about launching the digital dinar. Alaq talked about financing major projects. It becomes a lot cheaper from 1310 to finance projects at whatever their new effective exchange rate is. It’s going to be a lot cheaper. They all know that. The whole world knows that.
Clare Article: “The President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy.” Quote: “The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the Treasury Department will play a role in developing the Iraqi economy…The US Treasury and the US Chamber of Commerce represent the joint efforts of Iraq and America to develop the economy and to have a joint role between us…Iraq today is better than it was decades ago, and we welcome any company that wants to work in Iraq to develop the Iraqi industry and economy.”
Frank26 The monetary reform education, the Asraflak, is teaching them about the new coins…lower notes…ATMs…the services that they have at the banks now that they are international. They’re teaching them about things they’ve never told them before…None of this is at 1310. All of this is based on a new exchange rate…It’s a process…Let it unfold. Let it walk its way through.
Mnt Goat Article: “IRAN-BACKED MILITIAS IN IRAQ ARE READY TO DISARM FOLLOWING TRUMP’S THREATS” Do you know just how good this news really is?… we have been waiting for this kind of news since these Iranian militia…first entered Iraq in 2014 to fight ISIS…in today’s new we find this justice with Nori Al-Maliki is coming much sooner than most think…If this isn’t a WOW! WOW! WOW! article I don’t what is…
Samson Article: “Vice President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy.”
MarkZ [via PDK] …many do believe it will happen this week. Its possible it could happen this week…but based on the bond side…if my bond contacts who had appointments last night got dollars…I would get excited…it would most likely happen on the weekend if that is the case.
Bruce [via WiserNow] Now, let’s talk about…where we are in the timing… exchanges probably would start on Thursday. So it looks very good from all sources…I’m very excited about…this weeks agenda…
Iraqi Dinar Gurus
