Frank26 I’m excited…because of the reality of what we’re seeing. If we were still in the guessing stages that’d be different. But we’re not in the beginning stages of this…
Militia Man Article quote: “The Turkish Central Bank supports these steps along with the Central Bank of Iraq for regulating financial operations between the two countries.” What does it do? It contributes to facilitating commercial transactions…That’s talking about international trade and that’s what we’re waiting for. At some point they’re going to have to have an international calculation and a Forex traded currency…
Clare Article: “Al-Alaq urges Türkiye to open accounts for Iraqi banks” Quote: “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, urged, on Wednesday, Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services between the two countries, stressing cooperation in the field of settlements for users of Iraqi cards in Türkiye.”
MarkZ [via PDK] Article: “Al-Mandalowi discusses with the United Nations special envoy for Iraq support for stability and reform in the country” the UN is there and saying that Iraq has made tremendous progress – keep going. This is an important piece. When they change their value the world knows they are sovereign and stable.
Pimpy Iraq has made huge progress in reforming their country, especially the banking system. It’s moving along really well. The economy is staring to grow. There’s a lot of projects they are in the middle of working and a lot more to come. When that Development Road Project is up and the railroad right next to it, you’re going to see a pretty big boom in Iraq happen quickly.
Samson Article: “Trump and the Iraqi Banks Puzzle” Quote: “It is very obvious that there are opinions and talks going on behind the scenes or in political rooms…”
Frank26 Iraq is going through growing pains. They’re still going to struggle. They’re going to make a lot of mistakes but they are poised right now for the future. They’re not going to allow any more corruption…
Wolverine I am overly excited. It will happen any day, any time. There are no delays. It is a 100% go…
Fnu Lnu [Response to Guru Pimpy’s 11-13-2024 post] Guru Pimpy’s concerns are unfounded as Iraq has already adjusted their per barrel price expectation down to $40 pb. However, the notion Trump has something up his sleeve is almost a given. Trump will end the middle east conflicts between Israel and Hamas, Syria and Hezbolla, Iran etc… in exchange, I think the bargain will be that Trump and America gets to experience the inevitable revaluation on Trumps watch and not on Biden’s. It is estimated that the UST and the State Department hold a great deal of Dinar as a result of the many loans to Iraq that were, in reality, currency swaps. This would almost cancel out the National Debt and Trump would appear to be the hero…We may be waiting until January 20th for our revaluation event.
Above mentioned Post is below
Pimpy I have no doubt Trump is going to want to do this [a peace in the Middle East deal with Sudani] as quickly as possible so it shouldn’t take very long for us to finally start to hear what it is that Trump has in mind with Sudani and Iraq, what they’re going to offer Iraq. What does this mean for the Iraqi dinar? This means the currency is going to be stable and once it’s stable and they’re not worried about inflation then we might see the deletion of the zeros coming up here shortly and then followed by a new denomination of Iraqi dinar dinars, new currencies without the zeros on them. Then we’ll definitely see the exchange rate change…
Militia Man What are they doing? They’re focusing in on non-oil revenues. That’s important because 90%-95% used to be all oil…Alaq is talking about getting to $40 a barrel…By going to non-oil revenue streams, by opening up the private sector…the transformation of the country is phenomenal. It’s not going to stop. We have the evidence of that…
MarkZ [via PDK] Question: [Guru] Nader said IQD on forex, I wonder what does that mean for us? MarkZ: There are still some trading restriction on the IQD…but, this tells us they are preparing for that international status. We should start being excited.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: When everyone here goes to exchange their notes, there will be immediately an electronic background check. It’s just Iraq’s diligence in stopping corruption at the start… FRANK: I didn’t know that. I find that to be MARVELOUS. BRILLIANT!
Mnt Goat ...my CBI contact told me they almost must reinstate the dinar at about the same time or very shortly after…they end the currency auctions in Iraq…at the end of this year. This is why this move to end the currency auctions is so important to us investors. Remember also that the CBI will be no longer taking dollars from the oil revenues to pay for imports. If this is the case don’t you think the dinar must have some substantial value?
