Frank26 Question: “Do you think the Vietnamese dong could go before the Iraqi dinar?” At this point no. You like a pregnant mother that’s nine and a half months pregnant, I believe that’s where we’re at with the Iraqi dinar. The Vietnamese dong I believe they’re still kind of like just finding out the test results was positive. Vietnam has amazing potential especially with Trump around now.
Samson Article: “Due to the collapse of the toman.. Iranian parliament dismisses the Minister of Finance” Quote: “Iran’s parliament on Sunday dismissed Finance Minister Abdolnaser Hemmati after launching a no-confidence vote…”
Jeff They did not have any currency auctions as of…Monday March 3rd. Now, what were the 2 critical things the central bank states to us through the year ’24 (which by the way, you’re still in) – End the use of the dollar and end the currency auctions. Last Thursday/Friday they said the citizens debit cards would no longer be able to access US dollar cash outside the country of Iraq. That’s one way of exiting the dollar. They also said the currency auctions would end. When does their fiscal period end? The very end of March. When does the new budget period start? April 1st. Boom there you go! Rate is changing in March folks!
Fnu Lnu Article: “Iraq’s Ministry of Oil has announced finalized oil export volumes for January, but has again not disclosed the value of oil exports for the month.” Iraq has now published their oil production totals but once again, the values have been omitted. Is this to hide the use of a new Dinar valuation? Is this to prevent budget totals from being revealed? This veil of secrecy leads many to wild speculations but only time will tell the reason for such obfuscation.
MarkZ [via PDK] Question: What’s your take on No auctions in Iraq since last Wednesday? MarkZ: My take is we are crossing the finish line. Just like Al-Alaq said…no sanctions and transparency is what they needed in their white papers monetary reforms to increase the purchasing power of the Iraqi dinar for all Iraqi’s. And return the rate to its former
glory.
Frank26 Sudani is now passing out permits for mineral rights in Iraq. Pay attention…Iraq’s wealth is immeasurable…you cannot measure it. It’s like if someone says to you, count the stars. You cannot count the stars…You’ve got oil…gas…dates…produce…gold, silver, titanium, platinum. It is amazing. Precious metals is just one topic! …1310 has nothing to do with it.
Pimpy Article: “The IMF expects Iraq’s non-oil economy to continue to grow by 3.5% in 2025” This is important. They rely too much on oil sales to fund their budget and since they rely so much on the oil sales this is one of the things contributing to the fact that the Iraqi dinar is so devalued. Because all it takes is one situation to happen in the oil market and it could tank the entire country like we saw in 2019 and 2020. The more non-oil revenue they could generate the better.
Wolverine [via Judy Byington] …sources say Pres Trump signed off on the RV a few days ago, these sources do not know one another, but all had the same info.
Samson Article: “Finance Minister at IMF meeting: We expect non-oil revenues to increase”
Militia Man Article: “Gold prices will gain another 8% in 2025 to hit $3,100/oz – Goldman Sachs Research” As this article states that demand from Central Banks pushes the gold price up, Note that the “Country of Iraq” has purchased 20 tons of gold this year herself.. Why, Central Banks have a very good pulse on things. It is their job to know how to diversify when need be.
Frank26 I’m going to tattoo 4782 on my arm. That’s the Gazette number we think is hiding the new exchange rate…
MarkZ [via PDK] In Iraq: “Masher Saleh : Geopolitical controls push for the shift to official channels for currency trading” He is an economic advisor to Sudani and he is talking about how successful they are with economic reforms. Being able to track everything now has made a huge difference. They are still talking about raising the value of the dinar and giving purchasing power to every Iraqi.
Kaperoni Keep in mind that notes that we hold such as 25,000 notes will always be their printed value. The exchange rate to US dollars should gradually increase based on Iraq’s economic growth (economic renaissance) and success over time and the development of their banking system.
