Pimpy No, there is no ‘in-country’ ‘out-country’. It’s the same everywhere.
Samson Article: ”Government Advisor: The talks between the Central Bank of Iraq and the US Federal Reserve achieved advanced results”
Militia Man Article: “The Central Bank of Iraq reveals the mechanism for ending the electronic platform” Quote: “During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains…which will be transferred…before the end of this year…” We should all be very clear about what is transpiring before our eyes with Iraq’s reforms…We are seeing the end results with a mere 5% left to complete…So they already achieved what they were working on in the past. They are ready for completion to the best of my understanding now. Not later. Wow!
Frank26 Article: “Two conditions to achieve it .. Al-Sudani’s advisor rules out removing 3 zeros from the currency” This is what’s happening right now. This is called diversion tactics…slight of hand. This was done with China and it was done with Kuwait…This is part of the monetary reform. To put out disinformation that is a deterrent, maybe, that is putting
speculators at bay.
Sandy Ingram [I’m] more concerned than ever that Iraq will take action to reduce the circulation of the Iraqi dinar to a manageable size which will automatically help increase the currency’s value. The question then becomes will outside investors be included in the exchange? Update your passports for travel to Jordan, Turkey or Egypt where Iraq now has banks…
MarkZ [via PDK] A lot of good news out there…over the top good news…Lots of chatter looking at tomorrow…but, we don’t know when it’s going…if half the rumors are right about it has started…we are in great shape… I am still hearing from lots of sources that things are well underway and we should soon be seeing dollars. But I cannot pin anyone down that they have physical dollars. I’m hearing it…The problem is I have not been able to verify them. Community Comment: if they’re under NDA’s, you’ll never get verification-imo. MarkZ: And that is a possibility. But for me I’m going to back up a little, stay clam and find out what is real or not.
Clare Article: “Government Advisor: The talks between the Central Bank of Iraq and the US Federal Reserve achieved advanced results” Quote: “Salih, confirmed…the renewed understanding with the US Federal Reserve will allow the monetary authority to restore an internal banking market, while he indicated that the results of the discussions between the Central Bank and the Federal Reserve are good and consistent with the rules of work, and he pointed out that they will allow for the implementation of a precise path between Iraqi and international banks”
Pimpy A few days ago an article come out, “Two conditions for achieving it. Sudanese adviser rules out removing 3 zeros from the coin” My fingers were crossed and I was hoping they would not remove the zeros…That’s step one, don’t remove the zeros. Now, do we want the exchange rate to change? Yeah. Now is the time while the zeros are still on there. I’m not saying that’s going to happen but what I’m saying is if it was ever going to happen the way we wanted it to, now is the time.
Samson Article: “The Central Bank of Iraq reveals the mechanism for ending the electronic platform”
Militia Man Article quote: “All the currencies Iraq will be doing business with are now in compliance with the international standards and traded on the Forex…” With respect to that, I think it’s time for everybody to sit back, relax, watch it as it happens…We’re all excited. Maintain some groundedness because I believe there’s no stopping this at this stage of the game. They have so much they’re telling us…It’s truly amazing…
Bruce [via WiserNow] …I think everything is pointing toward this going still this week…
Mnt Goat …One of the loose ends is the much-needed amendments to the Iraq Investment Law. They told us in an article that the WTO requested some changes to the law. In this same article, they told that this was the ONLY issue holding Iraq back from full accession… So, what pops out in the recent news. The article is titled “PARLIAMENTARY ECONOMY COMMITTEE DISCUSSES AMENDING THE “INVESTMENT LAW”. The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years. So we may see this law very soon. Then the WTO.
MarkZ [via PDK] I am getting many reports…that payments have started. Reports that payments are rolling out to groups… But I am staying calm because I have not been able to prove it yet. But I am looking for proof that this is accurate. I am hearing this from many different sources…. IF this is accurate…in the next day or two-you and I should find out when we can go in and exchange our currency – IF THIS IS ACCURATE. …I am getting blown up with contacts saying they have let things go…I have heard this from a number of sources... STAY CALM….I am really trying to stay calm as well.
