Frank26 The HCL is done. It is completed. Sudani got it. It only waits for the new exchange rate like everything else. The fact they keep talking…about it over and over again is because it is about to be given…The moment you see the HCL, you will see your new exchange rate…
MarkZ [via PDK] From the Redemption /wealth management side-They are ready and working and they are being told to stay close. They do not yet know timing.
Samson Article: ”US Senate enters the line of pressure on the Central Bank of Iraq”
Kaperoni A country’s currency and its value is not a random act or an arbitrary number. An exchange rate is based on a country’s GDP, economic success. Until Iraq diversifies their economy the dinar will remain weak.
Sandy Ingram Iraq is a different country and has grown significantly since 2014, however we are concerned ISIS is not completely destroyed, as many would believe, [My] second concern is oil prices are set to go down in early 2025 because demand is expected to decrease. Because Iraq relies heavily on oil prices for salaries for government workers [we] along with the IMF and the Iraqi Parliament are concerned this could affect Iraq.
Militia Man What will have a profound impact on the global financial system? …IMO…is them at least reinstating their currency to what it was before. Going 1 to 1 isn’t going to cut it. Going to a full-blown reinstatement would do that. Also having a Real Effective Exchange Rate applied would do that. That’s the type of profound impact I’m expecting… Sudani mentioned a couple of times that the dinar is stronger than the dollar. Keep all that in mind.
MarkZ [via PDK] “Iraq increased reserves at the IMF by 50%” This is huge. This is an increase to the IMF for their SDR’s (Special drawing rights). In other words when a country comes for a loan to the IMF – they are borrowing from Iraq. This will enhance Iraq’s voting power in the IMF as well. This makes Iraq one of the most influential Arab nations. We know we have World Trade Organization ascension coming…and they are now taking a lead role in loaning funds to other countries in need and writing policies for the region with the IMF…. They are close to restoring stability and faith to their country and their currency. I am excited on what we are seeing coming out of Iraq as of late.
Clare Article: “The College of Administration and Economics at the University of Mosul holds its international scientific conference on ‘Development and financial and economic stability to restore confidence in the Iraqi dinar’” Quote: “The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar”
Frank26 Concerning the CBI announcing to you Iraqi citizens that they are activating the banking reforms…That means they are activating the monetary reform. They’re going to give you your new lower notes. They are going to give you your new exchange rate. They’re going to give you the keys to the ATM… You are now going to be receiving your purchasing power not only through the new exchange rate but via the HCL and the jobs the economic reform is about to produce.
Samson Article: “Launching of the activities of the international scientific conference under the slogan ‘Development and financial and economic stability to restore confidence in the dinar’”
Mnt Goat [Post 1 of 2…..] Article: “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH” I would definitely call it a “WOW!” article. So why am I excited today when I read this article? …they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system…this center receives all cash deposits only for all customers…
Mnt Goat [post 2 of 2] Remember…the CBI needs to shrink the monetary mass by two-thirds (2/3)…it appears they are now beginning to bring in their hard currency to the banks for deposit…I was told [by my CBI contact] that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency…the Project to Delete the Zeros has begun…
RayRen98 [reference RayRen98 post 10-15-2024] …OTHER SOURCES ARE “TALKING” ABOUT A DEADLINE DATE AS WELL… BANK FOLKS ARE TALKING, 3 LETTERS ARE TALKING…IT’S A BEAUTIFUL THING!!!… Question: “are the sources in agreement as far as the deadline date is concerned?” YES… TIME WILL TELL…THE CLOCK IS TICKING...
Above mentioned Post is below
RayRen98 I JUST RECEIVED A “DEADLINE DATE FOR THE RV, BUT I DON’T BELIEVE IT UNTIL I HEAR FROM MORE SOURCES.
