Clare Article: “S&P raises JPMorgan’s rating by one notch” Quote: “S&P confirmed that JPMorgan’s rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank’s increasing business volume.”
Militia Man They’re talking about cross boarder transfers. That’s money. That’s currency. That’s going to be doing commercial trade. That’s going to be Article VIII compliance my friends. That’s how it’s going to be…Whether it’s today or tomorrow that’s a good question…Iraq is going international right before our eyes…
MarkZ [via PDK] Question: rates on the dong seem lower than previously estimated, Do you think VND will be .39 for us? I still think rates will be higher than .39 cents…Just think we spent about $50 bucks for a million dong…. If it RVs at .39 cents that is a ROI of $390,000.00 per 1 million dong…who is going to complain about that? Turning $50 bucks into $390 thousand… I am still hearing a rate of low $2+.
Frank26 With all the beautiful things you see everyday, let it be known that all of this you are witnessing is the evidence of a new exchange rate because none of this can happen at a sanction program rate. The obvious is obvious.
Pompey Peter The most important thing IMO…we’re waiting for is the release of the 2024 budget with amendments which contains the new International rate. That new rate will be applied to the budget upon release. We have not seen that budget release yet but we hope, pray and believe that it’s extremely close…
Fnu Lnu [Post 1 of 2……] When it comes the issue of money transportation to and from the bank at exchange time, any thinking person would already have their currency in a safe deposit box, so when the time comes, you transport your currency a matter of feet, within the confines of the bank, with armed guards standing by. Or better yet, and far more intelligent, have your currency in a depository. Then you hold an SKR ( Safe Keeping Receipt) which you present to the depository and THEY transport your currency to the bank. [Note: Consult your financial advisors to learn the pros and risks of holding currency in a bank’s safe deposit box or with a depository.]
Fnu Lnu [Post 2 of 2] You can also have arrangements made with the bank where you can present your SKR to the bank manager and he will summons the currency from the depository. This armored truck, escort business is just plain silly…I have my currency in a depository and I hold an SKR. The buyers have their payment for my “Private Contract” sale, deposited into a COLTAF account, and when the big event happens, I do nothing at all. I just check my bank account online to make sure the amount is proper. BTW…there is still time to take your currency to the bank and put it in the safe deposit box. [Note: Consult your financial advisors to learn the pros and risks of holding currency in a bank’s safe deposit box or with a depository.]
MarkZ [via PDK] …I have had some feedback from some in high levels who say “Foreign officials in Iraq have confirmed that yesterday’s test rates (Referring to Saturdays test rates popping up on dinar and dong) are 100% legit…” is it showing on some exchanges? Yes. Is it fully released? No. So it is showing there but not compete yet…Question: What were the test rates they saw? MarkZ: One of them was $.39 cents for dong and most saw rates of upper $3’s to lower $4’s on dinar…I am starting to get excited…
Clare Article: “Planning announces full readiness for the census.. and this is what will appear in the initial results” Quote: “The census will be conducted on the 20th and 21st, and we will have the preliminary results within 24 hours.”
Wolverine [via Judy Byington] …I’ve had a lot of very positive messages come in that it has either started or was about to start…We may start Monday afternoon, otherwise Tuesday morning 19 Nov. 2024. No more delays…Christmas before Thanksgiving!
Militia Man Article: “Al-Qassab: Iraq is able to achieve a plurality of financial revenues” Moving to the non-oil revenue streams is going to be good…The non-oil revenues are the upgrades to this vehicle that will drive Iraq into the future…This is big. It’s the beginning. Financial plurality is important with financial revenues. Obviously they have a focus to opening up to the world, engaging that private sector and having the non-oil revenue streams coming from the private sector, that’s what’s going to make this place rock-n-roll…
Frank26 [Post 1 of 2……] [Iraq boots-on-the-ground report] FIREFLY: Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq. And he spoke about our reserves…He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it. FRANK: The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back. I told you I was going to give you value, purchasing power.
Frank26 [Post 2 of 2] [Iraq boots-on-the-ground report] FRANK CONTINUES: Sudani is so close to giving you what he promised you that he is now defining it even clearer. For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally. Sudani is on the edge of giving you what he promised you…your new exchange rate and your lower notes.
MarkZ & Militia Man [via PDK] MarkZ: They need to finish out the 2024 budget – they have money they want spent over the next month. There is so much they are pushing for to make happen. So much good is going on right now Militia Man: I totally agree. Look at the Port of Faw and the non oil revenue streams in Iraq. And currency transactions with Turkey…they would have to be Article 8 compliant. And look at the Development road project. But Iraq still needs to show its people its REER (Real Effective Exchange Rate) MarkZ: So many things are finally coming together.
Mnt Goat “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”. He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” …I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is wow!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.
