Do you have to pass the HCL before?
Do you have to pass the HCL before it rise. The HCL is already passed. The HCL has no need for anything. It sits there now.
Parliament is coming out and saying, we need to pass. You know, some laws in order for you to have the HCL. And that might be a good question for you to ask me,
Do we need parliament to give us a speaker? Do we need parliament to give us a speaker? No, but in this case, if I was sudani, I would want the speaker. I would want everybody in their place.
I would want organization, I would want order, I would want understanding. I would want leadership. Yeah, that’s what I would do.
An article said they were going to start the mechanism and the ATM’s on July 1
You say you read an article that on July the first, the ATM machines were going
On July the first, they’re going to activate the ATM machines.
How are the citizens getting their worthless current currency since the new ATM’s won’t give up?
The idea machines, the new ones with software with the lower notes.
Are they dispensing? No. Do they have instructions on the ATM machines?
You got those instructions? Pictures. Can we see them?
can I ask you another question? About the ATM machines?
Yeah. Well, how come I cannot go over there? How come Eddie cannot go over there? You know, to the Rahadeen Rashid or the trade bank.
How come Eddie can’t go over there to that ATM machine and get 30 notes out? He’s got to go inside the bank. I mean, he always used to get them right here.
Can’t get american dollars. Okay, we understood. Can’t use any foreign currency. That was like, about two months ago.
Now, all of a sudden, those same ATMs where we couldn’t get dollars, where we were getting 30 notes, we can’t even get 30 notes. Something’s going on. You think?
They want us to go inside, Eddie, they’re trying to talk to you.
They’re trying to show you something. So go on in there. We send him to his bank friend and his bank friend talks to him left and right. And about the budget, Eddie wants the budget now.
Give me the budget now. I want the budget now because that’s going to give me the exchange rate.
Remember, the budget can come out without the new exchange rate. But I don’t want that. But it can come out that way, Eddie. And at the flip of the switch it’ll give you the new exchange rate.
But I don’t want that. But it can happen that way,
Okay, well then let me tell you this, Eddie. If it does come out that way, that the budget comes out with the old exchange rate, I think very quickly it will be changed. I don’t think it’d be waiting very long.
Post the rate publicly or first. Wait until ten days after we have been notified to go.
Will they post it publicly or later? Once it’s posted, it’s public.
And maybe that’s your question. When it is posted, will it be public? Will the iraqi citizens see it? Yeah, will I see it outside?
You know, in the United States? Oh, yeah. There’s going to be national news everywhere. It’s going to affect a lot of things.
Next question.
Has the speaker been positioned, to sets a book?
The speaker is not needed. it is normal to have the speaker of the house. I mean, we do that here in America.
The president usually allows the speaker of the house.
And I’m sure like I said, Sudani would want organization, leadership order. Go tell them about the new exchange rate.
Tell him about the new exchange.
Or Suidani himself. Hey. Iraqi citizens. Remember, I promised.
But whatever the case is, it will be well known. It will not be hidden at all.
The moment it’s released, boom. And where would you know it? Where will you know it instantly, that it’s released?
On forex? No, no, you’ll know first and only first on the CBI. Then they will send it to the brokers to forex. My broker will receive the information from the US treasury.
You mean CBI IQ?
The dinar float into its cap before they release the new rate?
No. No, you have to release the rate first. Once the rate is released internationally, then it can. Then it can be acquired by the international community.
It’ll be used in banks, in bank platforms, buying, selling, trading on the stock market. It’ll be used as reserves. Once the dinar is out there officially in the international market, the friction. The friction that the iraqi dinar is going to cause in the financial market will only cause it to get bigger and bigger and bigger in its value.
In its rate. Internationally, inside of Iraq, it doesn’t affect it. No, dinar is a dinar. The rate inside does not move, only at the rate outside.
Next question.
do you think the Iraqi people. Are sufficiently trained for the Ri.
Do I think that the iraqi people are efficiently trained for the Ri. Up to this point, up to this phase, and that phase is for them to receive it. Right now, the education, I think, has been good. But also, remember, did we not say the education will continue long after they passed out the lower notes?
Right, right. So, yeah, that education is going to be ongoing for quite a while, especially when you have generational gaps.
Another question
I haven’t been able to get on the Iraqi Gazette website for five days. Do you think that Government of Iraq is controlling the new article?
The Gazette, for some reason, is either playing games or loading up information or taking a part in what’s going on with the reforms. It is a change of pattern.
And you know that I am attracted to a change in patterns because that’s. That’s. That’s data. That’s information.
That’s intel.
Next question.
Has your broker stopped selling dinars?
No, my broker still sells dinars. Yeah. I am nothing more, but a registered agent with a licensed broker with the US treasury. What does that mean?
It sounds like you know a lot of big words, No, it just means that my name. My name is on a piece of paper that my broker turned into the US treasury that says he represents me.
No, no, no, he doesn’t sell it. No, no, he cannot. He doesn’t have the license, but he represents me. He takes the orders and he gives them to me and then I give them to the US treasury.
That’s good. Also. That’s why I always say everything to you is just strictly my opinion. Because that’s exactly what this is.
A speculative investment that you have to make your decisions on. We just study it with you in our opinion.
Yesterday we shared in our opinion that the CBI is meeting with all of its banks on a constant basis. And the meetings that they’ve had recently are the meetings that the walkingstick firms banks attend.
And in these meetings, we have all of our friends.
And these two are the ones that are in charge of the bank in Dearborn that’s going to be opening up to also accept 30 notes. Those are the private banks. Private banks that will be satellite banks for the CBI.
About what was it that Aki told us? Well, what he told us, again, I’m repeating from yesterday, was that they’re talking about the budget. They’re not talking about laws, they’re not talking about political positions. They’re not talking about anybody running for a political position.
They’re not talking about the HCL that we got to get it done. The HCL is done. Sudani, shoulder to shoulder. You saw they used Article 140.
You saw. There’s no problem. You saw that. Eddie says, all we’re waiting for is the new exchange rate for the HCL.
We know about the WTO. They’re going to be joining them. That we already know the date.
They’re talking about the lower notes and when they’re going to distribute them. And basically they’re overlapping and talking about it, of when the budget will come out, because it’s in the hands of Sudani.
When I’m gonna go ahead and release the budget. The next question that we have is, does the budget contain the new exchange rate or is it still with the old exchange rate? And if it is with the old exchange rate, we don’t want anybody to panic.
Eddie’s bank friend even told him that. Why? Because Eddie’s bank friend goes to the meetings that our people go to. He’s at the same meetings.
It’s not the same room. They telecommunicate. So, yeah, everything that they’re telling walking sticks firm is the same thing that they’re telling all the banks in Iraq. And the next thing you know, the next thing is that we need to know when that budget is coming out.
We already passed the laws to allocate the scheduling for the budget, many people got confused and they thought, oh, they got to pass the law to pass, to pass the budget. But the budgets were long passed. Shoot, you could say it was past last year as far as I’m concerned, because they’ve been using it with a second set of books since last year. So, no, the things that Aki told us are all about the monetary reform, the 30 notes, the new exchange rate.
He didn’t talk about the Atm machines. I think because they’re just sitting. They’re just waiting. They’re just sitting there waiting.
