Militia Man Iraq hasn’t changed their exchange rate into an international Real Effective Exchange rate that’s cross-borders, has cross-border utility yet. They’re not on the Forex in a real manner yet.
MarkZ [via PDK] Probably the best news so far…Fortunately it came from more than one source…We have private, individual bond holders that are now receiving their travel funds to go and get their exchanges done…. This is HUGE…today is the first time I have tracked a couple of sources or individuals who have been given their dollars to go handle their bond exchanges. This is an absolute first and downright awesome. [MarkZ has been told that once bond holders get paid we will be next.]
Frank26 [Post 1 of 2] The next step for you when the value goes up is for you to go to a bank/exchange center to have this currency converted into American dollars…and deposit in an American bank…Some of you have told me, as an example, I have 2 million dinars. I’m going to cash out a million…I’m going to hold on to the other million because I’m going to watch it float and grow. Then I’ll exchange it then…Do you like that scenario to take just a portion of what you have at the beginning and then go ahead and do the rest later? …Can I tell you what I’m going to do?
Frank26 [Post 2 of 2] …I’m giving serious thought to exchanging all of it right away…because if I was to wait a year or more to see a range of $2, $3, $4…well that would be good but I could just take all my capital gains right away and invest them properly…By the time I’m waiting for the dinars…to mature to that $3/$4 level, well shoot, what I invested my dollars in will have already been what I’m waiting for. My rate of return on the dinar a year or two later I can make it on my own with proper investing…Also you know how sick and tired I am of holding on to the dinar LOL! [Note: At the appropriate time consult your financial and asset protection team to build an investment plan right for your unique circumstances.]
Sandy Ingram The Trump administration obviously believes Iraq has had enough time to rebuild. Iraq certainly has the money… Article: “Iraq has no immediate alternative to Iranian energy imports” Everyone is concerned about how this will affect the Iraqi citizens…The United States has decided not to renew a special waiver that previously allowed Iraq to buy electricity from Iran without facing US sanctions. The waiver expired on Saturday and the US State Department chose not to extend it…The is part of president Trump’s ‘maximum pressure’ campaign against Iran…The IQD remains stable…
Jeff As of March they are removing the dollar from the country, at least that’s what their actions are suggesting… They suspended US dollar withdrawals outside of Iraq…That strongly suggests they are about to revalue the currency…
MarkZ [via PDK] Article: “Al-Alaq: Iraq has one of the greatest Arab Gold Reserves with 162 tons” This is making the news again. Iraq wants the world to know the physical assets it has in its foreign currency reserves etc…. They want us to know they are one of the only solvent countries in the world. They are not a “debtor” nation. They are a “creditor” nation. They are laying the foundation to be able to change their rates.
Clare Article: “Washington is concerned about Baghdad sinking.. Waltz tells Al-Sudani: Trump’s pressure on Tehran will increase” Quote: “The US National Security Advisor noted that the decision not to renew the waiver on sanctions on Iranian electricity exports is consistent with President Trump’s ‘maximum pressure’ strategy on Iran, and that pressure on Iran will increase if Iran continues to develop nuclear weapons capabilities and support terrorism throughout the region, including in Iraq...The National Security Advisor thanked the Prime Minister for his commitment to the U.S.-Iraq bilateral relationship and emphasized the Trump administration’s commitment to deepening energy and economic ties between the two countries to the benefit of the American and Iraqi people…Waltz stressed the United States’ firm commitment to the security and stability of Iraq in the face of regional and international challenges.”
Militia Man All the money that’s going to come in is going to help the budget which is going to help support the value of the currency in the long run. Everything that’s going to go through that country is going to be around in a Real Effective Exchange Rate. It isn’t going to be 1310 or they’d have done it a long time ago. There would have been no reason to just say, ‘we’re going to go like we are and this is the way we’re going to go onto the Forex.’ But have they done that yet? Sure not.
Frank26 MIGA – stands for Make Iraq Great Again. Iraq has it all over the place…This is good for Iraq. It’ll be good for Iraq… Cockroaches, got to get rid of them…
MarkZ [via PDK] Article: “US gas move: Iraq’s race to avert power crisis” US has gone full tilt with Iraq to stop Iranian influence and rebuild Iraqi infrastructure. They are adding power plants as well as rebuilding the power structure. This will put Iraq at the forefront in the region…and with that we get the economic reforms or a higher value to lift the purchasing power of Iraq.
Mnt Goat Article: “INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR”. If you look at the Dr Shabibi plan to get to the reinstatement you can clearly see…he planned to put the brakes on after each step, then monitor closely for inflation… Folks the process is working…
Bruce [via WiserNow] …the contract rate on the Iraqi dinar is tied to what Iraq is selling their oil for…that was agreed upon already in a contract with Iraq…we have a very high rate on Iraqi dinar, especially the contract rate…which will be available only at Redemption centers…The Dong is a very good rate, very strong.
