Jeff

Question: “Do we need pre-existing banking relationship to redeem our currency?”  No you just need your currency.  You go to the bank and exchange.  You don’t need receipts either.  Receipts are […]

They really don’t have anything left to do…There’s a lot of comments like, ‘what’s the delays?  What’s taking so long?’  There is no delays in this other than the Iran war, waiting […]

You’re selling yourself short on 1 to 1.  I’m more of a $3+ to 1 because I believe…this is a reinstatement.  A reinstatement takes it to $3 to 1 not […]

I’ve worked at the Federal Reserve Bank for 5 straight years.  I’ve also done a ton of work in banks.  If [the CBI] put the [lower] notes in banks prior […]

They’re screaming at you from so many different angles that rate is about to change.  It’s not a secret.  All of this information came forward since the new government has […]

Question:  “Do you believe there is such a thing as ‘contract rate’?’ “ I’m not into anything ‘contract rate’.  I don’t care about contract rate.  To me that’s nothing. : […]

Does Iraq have to have a fully completed formed cabinet to change the rate?  Possibly.  It could be perceived as a level of stability in this.  :Jeff 

You have to admit since the new administration came in, the temperature and pressure on the rate change itself and getting the rate change done has tremendously escalated and increased.  That’s […]

Banks have nothing to do with your taxes.  They just exchange foreign currency.  It’s all they do. : Jeff

The budget is dependent on the rate changing.  Why?  Because the budget is calculated off the currency value.  The budget is a law.  In order to approve a law, all aspects […]

Article:  “At the start of the week…a new update on dollar exchange rates in Iraq”  They don’t tell you what the update is.  They don’t tell you what’s changing or […]

I think it’s going to be a reinstatement.  Here’s why.  You have to look at what devalued the currency, US sanctions.  When US sanctions were applied on Iraq, that brought […]

Question:  “Do you think it will be a reinstatement or managed float?”  It’s going to be both.  It’ll come forward as a managed float after the reinstatement. :Jeff 

The government is done.  Now they’re ready to revalue…I don’t think there’s any more delays in this.

Iraq is waiting for the rate to change to finish the last few final remaining steps to join the WTO. : Jeff 

Question:  “Do you think they will give you more than a 30-day window to cash in?”  They’ve given us two factual historical examples in the past where they gave us 90 […]

The new prime minister has been very verbal and outspoken with a level of urgency since Saturday.  He wants this done.  He knows it needs to get done.  He also knows […]

I don’t think any other currencies [other than the Iraqi dinar] are going to change in value. : Jeff  

They have a set date on this.  They’ve already agreed to a date.  Bankers drafted this.  This has a date behind it. Plus, there’s steps that Iraq has to do.  They need […]

Zaidi is more urgent than the last administration because they told us that the new administration will take Iraq into the next phase/next stage.  That means the post rate change era…It’s […]

They’ve finished everything they need to revalue…Iraq’s government formation and the rate change are one and the same…Now that the government is formed the rate is damn close to changing. :Jeff 

They will never be able to go international or get the US sanctions lifted off them if they keep the value of the currency below a penny.  In order for them […]

You can’t just analyze it as a rate change.  You have to look at it at the scale of the rate change.  This is going to be around 3000% to […]

Question “What is stopping this from being a lop?” The only reason there would be a lop is if Iraq had horrible inflation.  They don’t.  Iraq’s inflation is around 2% to […]

The whole reason the central bank has not allowed Iraq to revalue is simply because of the political corruption.  The political corruption has been the delay of the rate change […]

Everything took off like a wildfire since they finished the government formation and since Saturday when the new government came into position and started their first day.  All this critical […]

The central bank and the new government are working together as a team.  They’re trying to create  stability.  The government itself is trying to remove what has been long-term political […]

The central bank and the new government are working together as a team.  They’re trying to create  stability.  The government itself is trying to remove what has been long-term political […]

This new prime minister is a lot more aggressive than his predecessors…Can the new prime minister move an inch without changing the rate at this point?  Where does the rate change […]