Frank26 Be serious about it. You know very well it’s coming…You can read the signs. You can’t read Arabic but you can read English. You can read the articles. You have the cerebral capability to understand that’s a good guy, that’s a bad guy and the good guy is saying the good things and the bad guy is saying the bad things. So deep in our hearts you should sleep good like I did…
Pimpy The different gurus talk about how great the economy is…and keep saying these are the big signs that the Iraqi dinar is going to revalue. I don’t disagree with that. I just disagree with the way they think it’s going to happen as far as the revaluation is concerned.
Militia Man The informal market are now feeling the pinch because they’re having a harder time to get the dollar...They’re going to have to pay a lot more for it…You can go to the central bank and get it for 1320 instead of 1460, 1500, 1600…but it’s probably going to climb. Are we concerned about it? No. Because the parallel market is insignificant in comparison to the total market…It’s about 5%. 95% of the people that are doing business are doing it properly which is huge.
Samson Article: “Transport: Advanced steps to lift the European ban on Iraqi Airways in 2025”
Fnu Lnu I reported some time back that Maliki had been caught with a jet filled with Dinar attempting to depart for Switzerland. The jet was initially detained but ultimately allowed to depart Iraq. I saw video of the detainment and the interior of the plane and judging by the volume of Dinar onboard, it had to be multiple trillions of dinar. Now Iraq wants it back. Article: “Iraq’s Federal Commission of Integrity (COI) has called on United Nations Convention Against Corruption (UNCAC) member states to enhance legal cooperation in recovering stolen assets and illicit funds…Swiss Ambassador Daniel Hunn…praised Iraq’s reconstruction efforts…affirming Switzerland’s readiness to cooperate in recovering stolen assets…and confirmed that Swiss authorities are actively working with Iraq to facilitate the repatriation of funds“.
Clare Article: “Financial and Economic Measures.. Iraqi Finance Ministry Announces Results of its Meeting with the International Monetary Fund” Quote: “The Ministries of Finance, Planning, Oil, Electricity and the Central Bank participated, focused on macroeconomic indicators, where a remarkable growth in non-oil GDP was recorded at 5% for 2024, driven by the expansion of the agricultural sector and increased public spending, with growth expected to continue at 3.5% in 2025…It was agreed to intensify efforts to expand cooperation with foreign correspondent banks…in addition to enhancing the use of the Iraqi dinar in major transactions, which enhances the strength of the national currency“
Frank26 Question: “What do you mean by ‘Budget tables’? Budget table is where the exchange rate is at that will fund the budget…They’re being kept quiet, very private right now because it protects the new exchange rate from the evil that has always stolen.
Bruce [Post 1 of 2] [via WiserNow] …three very good sources…over the last couple of days were saying that we would be exchanging no later than Saturday…Now that is possible…the latest thing we got this afternoon were from redemption center leaders and one of whom is over three redemption centers – the other one is over six, seven redemption centers…they’re good sources. Well, these two leaders are saying we’re going to get notifications over the weekend and start exchanges early next week, which would be Monday or Tuesday…So there appears to be a couple of things that might be slight hold ups.
Bruce [Post 2 of 2] [via WiserNow] One is dealing with the price that Iraq is selling oil. There’s a little controversy on this… Well, the contract rate on the Iraqi dinar is tied to what Iraq is selling their oil for, what they’re selling it to Turkey…Egypt…China for and any other number of countries…And so that price needs to be settled on…before the contract rate can be established for the dinar…The other thing we’ve heard relating to the contract rate…is a rate that was agreed upon already in a contract with Iraq. So that’s sort of negates what I just said about worrying about the new price of what that oil might sell for. They have a rate, and it’s extremely good…
MarkZ [via PDK] In Iraq: “Parliamentarian: Budget tables have not reached the finance committee so far” We are all wondering why? There is one very obvious answer to this question. It may have a rate change in it. I am hearing from contacts in Iraq-they continue to delay until they are allowed to release …because there will be rates in there. I hope it is accurate and it makes a lot of sense.
