Militia Man Everybody should be going, ‘come on Iraq! Come on World Bank! Come on Bank of International Settlements, IMF, US Treasury, US Federal Reserve!’ All those players have been involved and they still are…They are not going to have a 1310 exchange rate. They’re going to move to a Real Effective Exchange Rate based on fundamentals based off their non-oil products, non-oil revenues that will exceed in may cases oil output.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy told me a real rate international for us in his opinion is just north of $4.00. FRANK: Didn’t we say that it would be somewhere between $3.86 up to $4.25? …Of course it’s only an opinion by Mr. Sammy and me but we both know Mr. Sammy’s information has always been spot on…You are so close.
Pimpy Article: “The International Coalition officially announces the end of its mission in Iraq within 12 months” It must be that time of the year…Every year they say the same thing, within 12 months.
Clare Article: “The government-owned Rafidain Bank announced on Friday that it has collected more than four trillion dinars electronically for the benefit of 700 government departments…the total amounts that were settled and collected for the benefit of those government departments and deposited in their accounts at Rafidain Bank amounted to more than four trillion dinars.“
SkyWalker Flashback Article: “23 June 2011 the Central Bank of Iraq announced it is planning to delete zeros from the Iraqi dinar, and add Kurdish to the Arabic text on the notes. Said the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh, ‘The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens. The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures.” There have been similar reports of revaluing the dinar since 2007, but to date none have come to fruition.
Samson Article: ”One of the most prominent dollar speculators was arrested in Ramadi“
Militia Man The market economy is coming together, the World Bank is addressing Iraq is moving toward a market economy. That means…at some point, could be any day, any time, they’re going to have to go into the international world…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank guy Mr. Sammy still thinks maybe by the end of the year…but he’s hoping November now. FRANK: My position has not changed…We feel this will be done this year…The evidence, action, mechanism that is needed for the new exchange rate and the lower notes to be introduced will all occur this year…
Mnt Goat …the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros…No one in Iraq is going to get rich off this swap out…So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate…The banks are going to be VERY strict on this.
