Frank26 The investment law is being passed. You’ll see it very soon. They have no choice. Sudani is extremely happy about it because that’s how you’re going to be able to get these new contract with the new exchange rate.
Kaperoni For the past 2 to 3 years now Iraq has been trying to diversify their economy so that they are not totally dependent on oil. Although there has been progress, technically they still have at least 85% dependence on oil exports.
Paulette Community Reminder [“He pointed out that the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years, pointing out that this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market” This 2016 article says.They will coexist with 10 years.] Exactly! And, this was further clarified that active trading in the Market Place will be upwards of two years while through the banks it would be at least 10…This is what I believe will be told to the citizens when they bring out the Fils and lower notes…IMSO, it won’t be a week or 90 days or even 180…Nor will they be cancelling the 3-Zero series for at least 10 years…They are currently following the Dr S plan to a “T”…
Frank26 What is the time of the float? …I want to watch the float. I want to calculate exactly just when I want to go ahead and exchange the rest of my dinar. Here’s the problem. In the same manner they are giving [Firefly/Iraq citizens] a specific amount of time to turn them in, they will give us a specific amount of time to turn them in.
Pimpy If there’s an exchange process all banks that are dealing in currency exchanges will be involved. All you have to do is find your local bank that buys and sells foreign currency and just wait for the restrictions to be removed off the Iraqi dinar and once they change the exchange rate you can just walk your butt right on in there. There is no special 800 number for that. You can just go to your local bank and find out where the nearest bank is that deals with foreign currencies.
Walkingstick These ATM machines have the capability to recognize the lower denoms that are soon to be passed out to the citizens in order to add value to their currency and to go hand in hand with a new exchange rate of the lower notes…These ATM machines have the software for the lower notes. But does it have the lower notes in these ATM machines? It is unknown…Since April there have been thousands of these ATMs being put out…
Nader Article: “Iraq Bulks Up Gold Reserves, Inch Up World Rankings” Quote: “Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month. This increase…is enough to nudge Iraq one spot higher in the WGC’s global ranking, landing them 31st place out of 100 countries.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Gold reserves over 145 tons TV says. FRANK: No…It’s not 145 tons. It’s a lot more. They’re never going to tell you the right amount…It’s a heck of a lot more than that. Notice every time they talk to you about their gold it just gets bigger and bigger. That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform…
Bruce [vai WiserNow] we know…that the Iraqi dinar has been on the forex and trading upward, and also on the bank screens, they can see it trading upward, and it made some nice moves…from just over $4 – $6, probably on its way to $8...and that’s what we want to see…happening
