In my opinion, an RI, not an RV. It’s impossible for it to. If this is an RV, we got many years to go before we’re ready.
The phase where they were doing the calculations of what rate they wanted to use revalue to revalue, but they don’t have to. RV you see, back in 2003, the United States, we took that exchange rate and we just brought it down. That’s why it’s an Ri. It will be re.
It’ll be reinstated. Now, we always felt that maybe they’ll start out slowly at one, one to one inside of the country and then let it out and let it grow and afloat. Then we went to the next stage.
You know what? What? They’re keeping it at 1320. I got a feeling they’re gonna come up maybe a little higher than a dollar, maybe a dollar 30, or a dollar 50.
one to one or one to 150? A little bit more. And no basket, but just let it float.
So those are the scenarios that we’ve been dealing with for about six months now. Right? And we are at this point where I want to hit this nail as hard as I can, because it is an RI.
It is an Ri. It is. It is a reinstatement. So then I’ll stop and think about that.
Was it one to one now, one to one. Was it 1321 to 1132? No. One to 150?
Pick up where you left off. 22. Yeah. And then let it float.
Because 323 was over 20 years ago, in my opinion. Now, let’s go over this, because it turns out that. Well, first of all, you already know I got. I think it was Thursday that I was with you.
Aki is saying that the banks, not his bank, but the banks in Iraq with number one and everybody else, they had a run all last week. They had a run on the banks.
Because Sudani and Alak.
And he didn’t deny it, but he didn’t say it, but he didn’t deny it. What? They came out and they said, hey, we haven’t forgotten the three zeros lifting. We haven’t forgotten to give you power.
Well, that was nice. But then he came out again and he said, I have a new currency for you. I have a new currency for you.
I have a new currency for you.
So that caused a run on the banks rank, we had a massive run. People coming in and wanted to know what new currency, how much, and I already gave you all the questions that they pose.
the television is saying from the board of directors at the central bank of Iraq, another reason that the dollar has risen is because the federal reserves of the United States of America has turned off the electronic platform that we use to float the currency. And we think that that means that maybe they’re going to have a fixed rate or maybe they’re having issues with the float. That’s just our opinion. It’s not from Sudani, it’s not from any of the television programs.
But Sudani does assure, Sudani does assure that the price hike of the dollar will not last long. They talk to us more about the meeting at Sudani’s house with the money exchange leaders. Sudani told them basically, it is what it is, there are no changes. You accept it this way or you whatever, but they make a promise from the government to them and that’s why they stopped the strike.
Sudani told them that the told the exchangers that they can also have an option. You now have option a or b, to exchange money legally.
Sudani has very good control over what he is doing. And we think he also told them the rate is a here in a minute. And we think he told them that the rate is about to change.
They not saying that Rashid bank and Rafaydin bank are merging and Rafaydin Bank will have a government side and a commercial side. They’re talking a lot about these banks merging. This is very good for us citizens as well, too. They’re telling us they’re also talking about a new currency, but nothing is being but not saying what kind.
They also talking about a new currency, but they’re not saying which one yet.
There’s so much activity occurring concerning the monetary reform right now. It’s very exciting. These are very exciting times. Now as far as the new currency, you know very well, you know very well it’s the lower nose, that’s why they’re bringing the subject up to you. the monetary reform is speeding up and it’s causing a lot of information to come out from many different sources. These are exciting times, but we need to collect all these because each one of them is giving us their own interpretation of the monetary reform and we want to piece it together. it says that they talk about printing a new currency.
Now he thinks that they already have printed it, but they just said it. He believes it’s the lower notes, but they won’t tell them anything about what it is.
I strongly believe that they are preparing you for a fixed international rate along with your inner fixed rate. I believe that in my opinion that they’re fixed.
They’re preparing you for a fixed international rate along with an inner fixed rate. Yes, Frank, we agree. All of the talk that they’re showing on the television is hinting in that direction. It matches your reports we are thanking.
I’m getting reports that thousands of iraqi citizens are pouring into the banks and asking questions about the purchasing power of the new currency that they just told them about yesterday. See if you can get your bank friend to talk because they are pouring in and asking about the, about the monetary reform. To which he then says to me. there’s a rush on the banks now because of what they told the citizens a day ago, that there was going to be new currency coming out. They’re going to the bank asking questions.
This announcement is what triggered thousands of citizens of Iraq to go into your banks that will be receiving, and because they will be receiving a new currency, it triggered thousands of citizens to go into the banks and start asking questions. For example, what is my purchasing power? What is this currency?
What is its value? What do we do with our old currency? How long can we keep this old currency? These questions.
The latest money exchangers here are our western union. Let’s stop for a second. That’s a good example. Did you ever consider that one of the money exchanges was Western Union?
Western Union is not corrupt. And that’s why Western Union is in Iraq. To counter the corruption that parliament was doing through the auctions of the CBI, which they really can’t do anymore because there’s no american dollars going through the auctions anymore for them to steal. And they don’t want to steal a worthless currency because it would take too much work, too much effort.
So they’re waiting for the new exchange rate and the new currency. the latest monetary exchangers here, Western Union, have temporarily closed. Now, the television says that this is not for something to worry about. It’s being closed, obviously, for the monetary reform there, but they won’t say anything more.
And then the television came out and said, alaq is in Washington and finance minister there, too, talking about the 32 banks with sanctions and about the stability of the dinar against the dollar exchange rate.
The CBI has given Kurdistan region at least three weeks to do all of its foreign exchange companies to comply with the new regulations or they should merge with Baghdad’s banks by no later than July 31 so that they can get Kurdistan straight to just like the ones here in our region.
the three zeros are old history and certainly don’t need to be printed and are being collected. Okay, and your point is that the new currency that they’re talking about, the lower denominations, is going to be needed.
we’re going digitalization. So they don’t really need a lot of cash on hand anyway. We’re gonna go digitalization process.
So the money that we have on hand and what we have recovered, you know, from all the bad people that stole everything from us, that’s enough. That’s enough to cover the monetary reform. And on top of that, it’ll be plenty because we have this new currency that we’re telling the citizens about. That will be the lower notes, which we will need. we were digitalizing.
Because if we’re going to DD, in other words, we’re going to become a cashless society. So those notes that. That they’re talking about.
Yeah, we’ll need them, but there won’t be too many of them. And don’t pay too much attention to that, because we’re gonna really actually go more towards the cashless side, and that ain’t gonna take us too long.
That’s pretty efficient. Well, we’re modern,
Everybody knows not a secret lower notes are coming out because they are going to have a new exchange rate. And then on top of that, it looks like these lower notes are going to stay internally, but the exchange rate is going to float. Just float, not in a basket, but it’s going to float internationally.
That means everybody’s going to grab it. Everybody’s already got it in their banks. Everybody shoot. How many people have bought dinars? In my opinion, it’s the same thing that is being told to our bank communication people that we talked to that were connected with inside of Iraq, in my opinion. Now realize that as much as they want to give you the lower notes and the new exchange rate, they are dancing around with as many words and as many, many examples as possible to keep you lifted and motivated. Many of the government places will be closed because of the holidays. Television says Iraq Iraqis are keeping 90 trillion dinars at home. I didn’t get to read today’s report. TV says Iraqis are keeping 90 trillion dinars as mattress dinars.
90 trillion dinars at home. Hoarding them from the banking system still. So we say make the dinar worth something and we will bring them in. some guys TV speaking about how the auctions are still having corruption due to the iranian backed politicians. Eddie, they’ll always be cockroaches. I told you that.
Due to the iranian backed politicians. And he says even the USA banks are making money off of this. And we need a real rate on our currency to help reduce the reduce. To help reduce. To end these auctions.
There are many good reasons why we need the new exchange rate and the new lower notes. the CBI auctions will always have corruption because you will always have iranian politicians in your government. And it’s very hard to get rid of them because they’re voted in by the people of Iraq.
And the same thing here. Sudani has much better control over the corruption in this country. And they are angry that they have lost this power,
I want you to stop and think about this. Why does the CPI want the 30 notes back?
Because they need to replace them with the lower notes. Why are you getting lower notes. Because you’re getting a new exchange rate.
The new mechanism is that you cannot use the american dollar in Iraq anymore because you are about to receive a new exchange rate that will require the lower notes. That’s the new mechanism.
