Frank26 What did we need for the monetary reform to realize its new exchange rate? …What do we need in order for the new exchange rate to come out? Article quote “Our message at the United Nations is very clear, the message is Iraq is now stable and secure…We wish this country all the best and prosperity and all that is good and beneficiary for this country and the people of this ancient country.” You know darn well they’re about to release a new exchange rate, you want money don’t you? …This is amazing!
Militia Man My passion for this is all the way through the whole time. I haven’t deviated for 15 years. I believe in my investments and I stick with them when I believe in something. I don’t get involved in things I don’t believe in…I try to help as best as I possibly can. That’s my nature…
Sandy Ingram This is not good news…Well known Iraqi economist Nabil Jaafar Al-Marsoumi…has warned that US pressure to lower oil prices could…lead to a devaluation of the Iraqi dinar… [He] explained in a Facebook post that US president Donald Trump has pushed for Saudi Arabia and OPEC to lower oil prices. This move is intended to make energy more affordable and accelerate the end to the Russia Ukraine war. As a result, OPEC plus is expected to end production cuts of 4.65 million barrels within the next few weeks. This decision will likely cause oil prices to drop…A drop in oil prices to $60 per barrel would create serious financial challenges…If oil prices fall further to $50 per barrel Iraq may have no choice but to devalue its currency...Stay tuned and stay positive…
Pimpy To answer your questions, yes there is a new currency. They have new security features. No, we don’t have to rush down and swap those currencies out for this new currency, they’re going to run side by side.
Frank26 The East [Middle East bank owner contacts] were willing to talk to us and tell us we see those lower notes in those [January article] pictures. Yeah they’re using the 3 zero notes. We asked why are they using the 3 zero notes, why don’t they show them the real lower notes? They said because the real lower notes are going to look like the ones they got now. What? Yeah, they’re just going to drop the zeros, the colors and the shape will still be the same. The only one that will be different will probably be the 25. It will be smaller and it’ll be a 20. It’s hard to get information but what little bit we’ve got is just so encouraging.
Fnu Lnu [Response to Newshound Guru Jeff 2-1-2025 exchange info post below] When a currency is in a basket of currencies, as in IMF / World Bank, a currency can only deviate 2% up or down in a 90 day period. Go to the website and look it up. Plus, it has been stated in plain English, numerous times, by the CBI, that the old and new currency will coexist for 10 years. When the Dinar goes on the FOREX, you can exchange at any time you wish, wait as long as you wish, until the currency you hold is cancelled…which will be 10 / TEN / Diez…YEARS …Capice’?
Above mentioned Post is below
Jeff Question: “How long should we wait to go to the bank if we are not needing money ASAP? In other words do you think it will start floating fairly quickly or will it take some time?” This will be a managed float, which means it can only change plus or minus 10% per day…When the rate changes it’ll come out somewhere around the $3.80 range. That’s my opinion. I don’t think it’s going to go over $4 until going into the 2025 budget period…I think it’s going to stay below $4 during our 90-day window to exchange. I wouldn’t worry about time waiting for it to float… Get it exchanged. Don’t wait for this to go up in value because I don’t think you’re going to have that opportunity or time frame.
Militia Man Article: “Al-Sudani opens the 48th session of the Baghdad International Fair” The event is underway with 20 countries and up to 1,000… Iraq is looking for the international and Arab investors to come into Iraq. All of which are looking for doing business with assurances they can invest in a secure and stable economic environment…It has been openly stated they have that and will continue with the support of the international community noted by…the United Nations directly this week. This is very good to see.
Clare Article 1: “Iraqi Parliament Approves First Amendment to General Budget Law for 2023-2025” Article 2: “After approving the budget amendment, Shakhwan Abdullah announces containing the problem of Kurdistan oil and employees’ salaries” Quote: “Abdullah stressed that there is no longer any obstacle to resuming oil exports,“
Frank26 The fact that Trump has sent his new Secretary of Treasury people along with the Treasury Secretary is gigantic. What do you think they’re talking about, the Super Bowl next week? Of course not. They’re talking about what they’re about to do, to give [Iraqi citizens] purchasing power.
Wolverine [via Judy Byington] I can’t say much, just that we are very close. Get ready.
Boots-On-The-Ground Guru Itchy Boots [via Guru Clare] THIS YOUTUBE TALKS ABOUT THE DINAR AT THE 18:13 MARK… THEY SHOW OLD SADDAM NOTES THESE ARE NOT IN CIRCULATION…BUT THEY MENTION THE EXCHANGE USED TO BE 3:1 TO THE USD IN THE PAST!