MarkZ [via PDK] …the Export Import bank of the United states has approved $297 Million for an energy efficiency project in Iraq. This money would not be going to Iraq if it wasn’t going to be safe and stable…and if they could not pay those loans back. They are counting on an International Iraq with a real effect exchange rate.
Samson Article: “US Ambassador: We are committed to supporting Iraq’s security, stability and sovereignty“
Frank26 Article “Salaries next week.. Baghdad sends 329 billion dinars to Erbil and the latter indicates a decrease in the amount – Urgent” A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE.
SkyWalker The project [to delete the zeros] is more then just the currency or an exchange rate. The monetary reforms, banking reforms, building up the reserves at the CBI, buying gold, making laws that attract foreign direct investment, fighting corruption, increasing international trade, connectivity with international finance platforms, are just some of the instruments that will justify the RV. When the CBI is ready the new currency will be introduced with higher value that will be fashioned specifically for the new macro and micro Iraqi economy.
BobTheTaxMan We’re in a speculative game with Iraq…We’ve had all the ups and downs and all the thrills and spills that go along with the conspiracy theories… The truth of the matter is it has the possibilities. If it didn’t have the possibilities…I wouldn’t be following it anymore …I’ve got better things to do. But it’s at a very peril position at the moment. We got to watch and see what’s going to happen…
MarkZ [via PDK] “Parliamentary Finance: These are the reasons for the rise in the exchange rate of the dollar against the Iraqi dinar” There have been fluctuations going on right now. The Central Bank is saying “It’s not us” They have a pegged exchange rate and the inconsistencies are because of smugglers and unscrupulous business people in some unlicensed exchange offices. The reality is that this is going to exist until the value of the dinar is the same or more than the rate of the US dollar. And they know it at the Central Bank. They know this problem will instantly go away the moment they get a rate change… I think the Central bank is letting us know how close they are to the REER. (Real Effective Exchange Rate)
Clare Article Quote: “The Central Bank continues the actual implementation of banking reform plans“ Quote: “The Supreme Executive Committee for the Strategy began its work and held its first meeting headed by the Governor of the Central Bank, which is a clear announcement of the beginning of the actual phase of implementing its strategies for banking reform…What we expect from the procedures and policies adopted by the Central Bank, what has been achieved, and what will be achieved later will be reflected in achieving economic stability by overcoming the challenges of stability in the financial and monetary system, which will contribute to the stability of the exchange rate and the recovery of the Iraqi dinar inevitably”
Militia Man It’s one of those nail biting time-frames for us all because we’ve all been here and we’ve been watching this whole investment unfold. It looks like Al-Sudani and his teams have communicated well globally and are going to produce…
Samson Article: “The government completes the file of joining the “WTO”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is showing there was meetings going on. These meetings are every day. They say there was Sudani who had his meeting with his Finance Minister and all of the lead bank officials and with the audit companies. FRANK: Sudani meeting with the powerhouse of his monetary reform. FIREFLY: It looks like Sudani is crossing all of his T’s and dotting all of his I’s one last time!
MarkZ [via PDK] “Al Alaq: Bank lending strategy aims to stimulate the economy” This is part of the monetary reforms. We are watching them do the reforms. We are watching the deletion of the zeros and the raising of the values…
Mnt Goat My contact in the CBI has told me many times that ...The Project To Delete the Zeros cannot be skipped…I also have to say we are NOT going to just see the IQD pop out on FOREX some morning when the exchanges open with prior knowledge that it is coming. The citizens of Iraq must be informed of any rate changes in order to conduct the Project to Delete the Zeros... Why do you think they are sending out all these articles? It’s called educating the citizens.
