Frank26 A dinar is a dinar in country. Whatever they come up with that’s what it’s going to be for them. But outside the country of Iraq, on an International level the Iraqi dinar is going to grow in value and…you’re going to watch it grow. You’re going to say, ‘Hey it’s at $1.50 to 1, SOLD!’ Trade everything in. Somebody may say, ‘Well let me wait a little bit more.’ A few weeks go by. ‘Hey, look it’s up at $2.00. Exchanging everything!‘ ...outside of Iraq, we’re going to be watching the float.
Sandy Ingram Some of you appear to have lost faith…We know Iraq will thrive if there are no full- blown wars and even then the oil revenue would continue to go up. No one is giving up on Iraq.
Clare Question: “Since Iraq is removing the zero’s in-country then giving its citizens new currency at an increased rate (greater than $1.00), will they remove the zero’s out of country (for us) before we can exchange? Will our 25K notes become the equivalent of the new 25 dinar note then get its new value from Forex or will we get the Forex value for the entire 25k note?” WE WILL GET THE FOREX RATE FOR THE ENTIRE 25K NOTE. imo
MarkZ [via PDK] Question: Is it necessary for Iraq to publish the rate in the budget before we make appointments? MarkZ: I do not think it’s necessary. I believe they will try to keep the rate private as long as possible like what they did with Kuwait.
Frank26 WHY IS SUDANI PUTTING THOUSANDS OF NEW ATM MACHINES ALL OVER IRAQ RIGHT NOW?
Militia Man If they have a real effective exchange rate like al-Sudani said, that the dinar is going to be stronger than the dollar, the parallel market goes away…Obviously the stronger the currency is the cheaper it is for Iraq to do what they need to do. It’s a no-brainer. It’s that simple.
Walkingstick Question: “Do these ATM machines have the lower notes?” Software definitely. [I’ll] text Aki [Walkingstick’s Iraqi Bank friend] about the notes.
MarkZ [via PDK] Question: I saw that Iraq has holidays coming up. Would this slow them down releasing the rates? MarkZ: Everytime we have looked in the past we saw Kuwait revalued during Ramadan…. Iraq revalued in the early 70’s during a holiday. I wouldn’t be too worried about those things.
Clare Article: “Withdrawing has become easier.. Al-Rafidain begins deploying ATM machines in institutions and malls” Quote: “Al-Rafidain Bank begins deploying ATM machines in its main branches, and then institutions, commercial areas, and malls, respectively, in implementation of its strategic objectives”
Samson Article: “Rafidain Bank begins deploying ATM machines in its main branches”
Frank26 They went on televisions and they’re showing us…Rafadin Bank…brought in all of this equipment…It’s in these crates. They’re telling us they are deploying the latest ATM machines in all banks today. They said the next step they would follow up with are the commercial areas…They also said they’re going to release all of these ATM machines in malls and many other locations. They’re saying these ATM machines have the latest technology and are state of the art. FRANK: These ATM machines have the new software…for the lower notes and that’s why the CBI is positioning them for you right now.
Mnt Goat …Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open…the final issues preventing the reinstatement are being dealt with one by one…my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.
MarkZ [via PDK] It certainly appears to be the “Perfect Storm” right now…
