MarkZ [via PDK] There is some good stuff out of Iraq today. “Parliamentary conquest reveals an agreement to pass two controversial laws today” this is very important news. This is the personal status law and the Return of real estate to its owners covered by some decisions of the dissolved revolutionary command council law…These are settlements for other things that we were told we would see right before they do the dinar change in value. For me this is huge…To me this shows us how close we are.
Militia Man ...Remove the zeros…it’s not to diminish the value of the currency or to keep the currency the same as you might hear from others.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Special report on deleting the zeros. They tried to tell us there are good reasons for it and there are bad reasons for it. They are telling us 54 countries have done this in the past. They are using that as an example for our monetary reform… FRANK: Remove the cons and only pay attention to the pros…
Kaperoni Article: “Developing the banking sector according to international standards… The Central Bank signs an agreement with the International Finance Corporation“
MarkZ [via PDK] On the HCL- Money is moving and I expect to see an announcement any day now. I think it is completely done.
Sandy Ingram Article: “Iraqi resistance ‘ready for open war’ against Israel after Lebanon attacks” As Iraqi dinar investors … the headline we’ve wanted to avoid.
Militia Man They’re talking about international. I can’t stress that enough…They’re going to need an Article VIII complaint, Article XIV compliant currency with the IMF. They’re going to have to agree to those obligation and that would mean a change of exchange rate to a Real Effective Exchange Rate.
SkyWalker [Response to Guru Militia Man 10-1-2024 below] You stated that the zeros will be removed from the exchange rate .00076 will equal .76 cents…The zeros are…removed from value. An exchange does not represent value because it represents a ratio between two currencies hence the key word being “Rate”…The author of the delete the zeros program Dr. Shabibi clearly stated why the zeros were added to currency note due to inflation. As many articles have stated the zeros will be removed from the nominal value of the currency note. Reviewing many articles I do not recall seeing any article from the CBI or Iraqi government that is aligned with your multiple explanations of where the three zeros will be removed from…A speech that Dr. Shabibi gave…there was never a mention of removing zeros from an exchange rate…
Above mentioned Post is below
Militia Man If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency. If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny. If you drop the three zeros off the exchange rate you’ve done a big service. You’ve created value to that currency because if you drop three zeros from the exchange rate that is .76 …They can then add the Real Effective Exchange Rate based off the non-oil revenue streams…
MarkZ [via PDK] I very much believe October will be our month…I think we finally got off “stuck” in September and will see the fruition of it in October.
Samson Article: “Al-Sudani orders immediate investigation into missile attacks on Baghdad airport” Article 2: “Interior: Arrest of the commander of the force holding a site in Al-Amiriyah from which missiles were launched at Baghdad Airport”
Frank26 Protesters…are Iranian…they infiltrate Iraq because of what’s going on. They want money. They don’t want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down. They want to retard the process. It’s not working. I don’t think it’s going to work...
Mnt Goat I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting…In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.
MarkZ [via PDK] Article: “Erbil: Iraq has become a suitable environment due to security and political stabllity“ They said this today. What did Shabibi say? Give me security and stability and we will raise the value.
