Frank26 Question: “During the float how much time will pass between each float as the amount increases?” We’re looking at anywhere from 3 to 6 months. But if they are generous we may be looking from 6 months to a year. I pray that’s the case because if they don’t give us at least 3 months, if they give us one month, we’re not going to be able to take advantage of the float.
Pimpy Be careful of the hopium. I said this and I’ll say it again, the value of the Iraqi dinar will increase but there’s a possibility it might not happen the way you’re being told…
Militia Man Iraq has been and is seeking to join the World Trade Organization…Iraq is promoting self-sufficiency. Why? Because they have all kinds of assets. They have inputs and outputs. They have so many natural resources that they’re going to be able to make things, to be able to have excess…There’s a working party on accession of Iraq [into the WTO] on the 18th of July. That’s important.
RayRen98 IT IS BEING REPORTED THAT AN “ATTEMPT TO RELEASE” WAS UNSUCCESSFUL EARLIER TODAY… STANDBY…WHEN WE HEAR MORE, SO SHALL YOU.
Buckeyetree “The dollar system is a thing of the past.” Sudani a while back told Iraqis to keep your dinars because the dinar will be stronger than the US dollar, that is, more valuable. IMO, so many will be affected in a good way from the reinstatement except for Iran and the politicians, no more stealing via the auctions which is a good reason not to delay further. IMO, the new lower notes with security features will be very pretty.
Clare Article: “Iraq is the fifth largest economy in the Arab world and the 52nd largest economy in the world” Quote: “The magazine indicated that Iraq ranks fifth in the Arab world after Saudi Arabia, the Emirates, Egypt and Algeria.”
Frank26 The international community already has seen the new exchange rate. IMO the international community is satisfied and happy and anticipating for what is about to happen. It is not a secret.
MarkZ [via PDK] Question: Mark…did you state yesterday that Iraq has a new rate – just not released yet? That is what I was told. I was told they have the rate…and they will activate it soon.
Sandy Ingram Iraq has the the largest foreign currency in the country’s history. I has also amassed a small fortune in gold and made significant strides in developing the country.
Pimpy Community Comment: “The CBI is going to wait until they’re forced to increase their purchasing power.” No. The CBI is going to wait until it’s necessary to increase the exchange rate. Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn’t mean it’s going to happen. They have to do what’s right for the Iraqi people.
Militia Man Article quote: “The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq…Foreign currency covers more than 100% of the total currency issued.” Even the trillions, they have enough reserves to do that. In other words if they change the exchange rate to something that’s strong, that reflects the true fundamentals of the country, they shouldn’t have any problem. Their model is stable, secure…very little inflation. They’ve been successful doing this model…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television was interviewing Sudani and asked him about the reforms and about the progress of the economy. He says we are stronger than ever and all projects are poised. He says the delete the zeros is still on the table as Iraq moves forward. FRANK: It’s encouraging to see Suandi repeat once again the same words…That means you’re about to see it…He says the project is still alive…I’m excited that they talked about a fixed rate rate verses a float…They could float at a fixed rate and cap it very quickly. I’ve got a feeling that’s exactly what they’re going to do.
Wolverine [via Judy Byington] “It has started. It is a process hopefully completed by the 20th. I’m hoping to get the Green Light in a few days.”
MarkZ [via PDK] [Reference Frank26 post 7-8-2024 re: HCL below] I will agree with that. And it certainly matches with some of the news I got from Iraq today. I was told from day one that when we see the HCL…within hours – we will see the new rate.
Above mentioned Frank26 post is below
Frank26 What do you get when you have the HCL? Nano seconds later the new exchange rate…The events you’re seeing, the things that are happening right now, the alignment of many stars, of many events are only pointing in one direction, that there will be an announcement of a new exchange rate very soon to the Iraqi citizens.
