Frank26 The concept of the reinstatement has been alive for many years in Iraq. It is only the ignorant, I’m not being disrespectful, it’s only the uninformed that believes it to be an RV.
Samson Article: “Do the census results affect Article 140 of the Constitution?” Quote: “President of the Republic Abdul Latif Rashid confirmed that the results of the general population census will not affect Article 140…“
Pimpy It’s not going to free float. For now it’s going to be a fixed rate. I know everybody’s excited to get to that free float rate. I hear you. When it [New bank transfer mechanisms] first launches and goes officially live they’re going to use a fixed rate…
Fnu Lnu There is no special rate at an “Exchange Center” and you will NOT get a contract rate unless you have a contract and unless you contracted with a private buyer before 2011, you will get exactly what everyone else gets.
Nader Community comment: “The dinar is not on Forex.” You’re wrong. Every currency of the world is on Forex. Some of them are frozen. Some of them are not. Some of them are moving. You can exchange it, you can buy it. Every money you put on you go on Forex. You could put any money you want…but some of them are frozen. You cannot buy…sell them…If you tell me, ‘oh, some of them are frozen and not moving.‘ I agree with you but the Iraqi dinar start moving. This is what I’m saying, it start moving now. You cannot buy and sell but once he moves a lot they’re going to have to buy it and sell it.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV talking about the US Treasury supporting the mechanism for Iraq…and how the USA has support for all of Iraq’s mechanisms. FRANK: The US Treasury is supporting monetary reform 100%. They want a new exchange rate. They want Iraqi citizens to have their lower notes as promised to them. That is the only mechanism of any importance with the US Treasury and the CBI right now…
MarkZ [via PDK] “Parliamentarian reveals the suspension of the Oil and Gas Law “Territorial Differences” This is the HCL…They say they have to resolve these points. I think it’s already done…. What I am hearing from Iraq is very different then what is printed in the paper. Now right before Kuwait RV’d…we had the same type of articles. And then BAM- they did it…on the same day. Similar story in China when they RV’d. Mixed stories are on purpose so we do not know the timing….
Samson Article: “The government sends an amendment to the budget that resolves differences with the region.. and the details are on the table of the Ministry of Oil and Parliamentary Finance”
Pimpy Trump is going to start flooding the market with oil. We are going to be an exporter of energy…How does that affect Iraq? They’re not going be able to meet that $70 per barrel target that they’ve set for their budgets. You’re going to see oil prices fall. I think Trump has something up his sleeve, something that he can offer Sudani in exchange for that lost revenue…something that can help the economy in Iraq, maybe help them remove some restrictions that they might have…I’m curious to see what kind of proposal he’s going to make to Sudani…
Frank26 …When you look at the monetary reform education right now, with all this information occurring right now, then one can logically say it has already started. The moment they show those pictures [of the lower notes] it’s all over with and I strongly believe they’re going to show them this year. To me November, December and January and February, it’s all the same year. It’s the process.
MarkZ [via PDK] If Iraq is going to be the financial savior of the world (according to Jaime Dimon) then it may have to have a higher rate than Kuwait. Sudani said the dinar would go back to its former glory and would be the most valuable currency in the world. He also said the revaluation would be done by Victory day…which is December 10th.
Bruce [via WiserNow] …we got one piece of Intel, one piece but it might be all we need…And Here’s how it went, we did speak to someone who is at a redemption center. This person said that they were told that they were waiting for the US, the new US Treasury, to make an announcement …an announcement from the new US Treasury and the email from Wells Fargo, both of those to happen within next three days…Wednesday, Thursday and Friday… it could happen anytime those three days, or it might take all the way to Friday... let’s…see where we stand at that point.
