Frank26 The budget needs the new exchange rate. It’s that simple…
Militia Man I’m on pins and needles because what we’re seeing is realtime data, it’s no joke. Iraq is effectively going international…
MarkZ [via PDK] Question: What is your guess on the total amount of dinar held in the US? MarkZ: Great question. I heard some projections way back in the day that (if I had to make a guess) maybe 10 Trillion? That is just a guess…but maybe 10% of what is in circulation may be held in the US.
Clare Article: “European and Gulf officials.. Baghdad to receive important leaders in the coming days” Quote: “Baghdad will witness a series of successive visits by the foreign ministers of France, Italy, and the European Union countries, in addition to the ministers of the countries of the region (neighboring and regional), and the Gulf countries in the coming days”
Walkingstick The black market is pretty much dead now. There is no money for the corrupt to funnel the national currency out o the country…Cancellation of the auctions was brilliant… Nothing is affecting the monetary reform. Nothing is touching the IQD exchange rate...That is badass.
Jeff They’re openly telling us they’re getting closer to getting the budget schedules to parliament for approval but to do that they’re waiting for the rate to change first…It’s very good that they’re telling us about it. This is one of the things I’ve been waiting to see right here, at least them talking about preparing to get the budget schedules to parliament and start the approval process. It will require three readings because it’s budget funds.
MarkZ [via PDK] I am hearing a lot of chatter that there may be an Iraqi rate change over the weekend. I am not going to ride the roller coaster but will be hopeful that we are seeing it that soon. But Trump is not in office yet…so stay calm.
Frank26 Question: “A quick explanation on 1 to 1?” The whole purpose is for the Iraqi dinar to have purchasing power. Why do they try to make it 1 to 1 with the American dollar? Inside of Iraq it comes out at 1 to 1, purchasing power. Outside of Iraq, internationally that’s a different ball game. If you had 1 million dinars it would be worth $1 million American dollars…
Militia Man Iraq hasn’t been on the Forex market at 1310 in an International capacity. Are they ever going to do that? I don’t think so. When they start mentioning, first time in a long time, coming from the Central Bank of Iraq…telling you exactly what they’ve done…You’re going to see a theme and that theme is, going international. When they mention Forex, I have not seen them talk about this ever before…Take that whole thing very serious because it’s powerful…
Clare Article: “4 days separate Iraq from a phase full of “unexpected events” Quote: “Donald Trump will officially assume the US presidency on January 20…Trump will move to remove part of the ruling class loyal to or linked to Iran, because it is time to resolve the situation according to regional and international balances.”
Mnt Goat I did have a conversation with my CBI contact [Wednesday]. This is why I am very excited…I could hardly believe that now the economic experts have finally turned to the mantra. The new mantra is – LETS GO TO FOREX! This was the same tone in my conversation. My contact sounded VERY excited and anticipatory.
MarkZ [via PDK] I have had a couple of check-ins including one from a bond contact in Asia who is being told they should expect it the 21st and 22nd…They have everything in place. When bond folks start paying out – we will start making appointments…Many sources are still looking at the 21st and 22nd. I am cautiously excited and extremely optimistic…
Bruce [via WiserNow] Does President Trump have to be in as inaugurated as President for us to get the RV? I’ve been told no, he does not have to be back in as president for this to happen. So we’re pushing it closely. We’re getting there, but let’s see what happens in the next few days.
