Frank26 THIS IS AN RI…AS THE CBI STATES…IF IT WAS A LOP THE CBI WOULD HAVE SAID SO…AND THE IMF WOULD HAVE FORCED THEM TO SAY SO PUBLICLY!
Walkingstick It’s no secret. The world knows about the monetary reform of the Iraqi dinar. The international world knows about a new exchange rate that is about to come out of this. It’s no secret, everybody knows the Iraqi dinar is about to go up in value.
Harlequinc3 [Post 2 of 2] Think of removing three zeros as literally ‘removing the old currency from circulation.’ That’s all it means. How they do it is entice you and me and Iraqi citizens with an attractive amount. After a certain amount of all that old currency is removed, CBI will up the exchange rate in increments until it hits the rate they want. This is called a dirty float. Most likely after awhile, the CBI will change this to a pure float which is like what you see on regular ForEx, like the dollar does, the Euro does, the pound does, etc. But that won’t matter to you and me because we will have already gotten rid of our dinars and exchanged them for dollars (or whatever currency your own country uses.)
Harlequinc3 [Post 1 of 2……] Question about the dinar 3-zeros video from 7-17-2024 below: “As I watch the video, it seems their illustration hints on deleting from the currency in such a way that appears they would not recognize the existing zeros and only accept larger denominations with the thought in mind that the additional 3 zeros are no longer recognized.” The CBI will remove 3 zeros off .00076 (1310 IQD: $1USD.) This makes the exchange rate $.76. But almost at the exact same time, they will reinstate their currency internationally to $3.22 (and possibly add inflation for 20 years to it — 20%) up to $3.86. Reinstating it means we can exchange the dinar internationally just like any other currency.
Frank26 If you have a 50k note and you live inside of Iraq that 50k note is going to be on a completely different exchange rate. The exchange rate will have value. It’ll be based off the American dollar maybe 1 to 1 or more. When it goes international in a float it’s going to go up and they’re going to cap it and everybody’s happy…
MarkZ [via PDK] “Iraq continues to add to their Maritime Fleet” They have 2 used ships with 5 under construction…this will cost a large amount of money. Iraq has some long term goals. They have not paid for them yet- I believe Iraq is waiting for a change of value for the dinar.
Samson “Frustrating results from Iraqi Foreign Minister’s meeting with US Treasury regarding pressures on the Central Bank”
Pimpy I keep telling people, the WTO will talk about the Iraqi exchange rate but not in the sense that they’re forcing or telling Iraq they have to change their exchange rate. That’s not what they do. They just talk about trade and any hurdles that are between them and trade members. They can point something out, they can make recommendations, but it’s not up the WTO when it comes to the exchange rate…I know people are telling you it’s going to be on July 18th they’re going to change the exchange rate. No they’re not.
Militia Man Today’s exchange rate at 1310 its reciprocal is about .0007633. Drop those three zeros off an exchange rate and you have value to the currency. It’s that simple. It doesn’t make sense to anybody to print new currency as far back as 2018 with new small denominations to not have a reason for value. It just doesn’t make sense to anybody especially when the United States is holding significant portion of Iraq dinar as are other coalition forces…All boats rise with the tide.
Frank26 [Post 2 of 2] It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using…After we have lifted the 3 zeros the next step is it goes into a float…as an RI…Then it goes into a re-denomination. It means you got rid of those 3-zero notes… The exchange rate just changed, you now need…the smaller notes because the exchange rate just got really big. Right now the Iraqi notes are big with a lot of zeros because the exchange rate is tiny. But it is about to flip. By removing the 3 zeros from the exchange rate of .00076 you add value to the currency.
Frank26 [Post 1 of 2…..] [New Iraqi Dinar 3-zeros Video Review shown below in Frank26’s post 3-17-2024] A 50,000 note, they showed you a picture…and then they took a magic marker and they crossed off the 3-zeros on the 50k note…that was a little misleading…Many people saw…the 3-zeros disappear from the currency and they thought I’m going to be left with a 50 note. I just lost a lot of money. No…They’re not going to take your 50K note and cut the zeros out… .00076 | 1320 – These represent the exchange value of the Iraq dinar. .00076 is used by Forex to reflect the 1320 that is on the CBI website…
Frank26 Here’s the video [below]. Do you see a 50,000 Iraqi note? Do you see the 3-zeros have been slashed off the 50,000 note? Isn’t that wonderful? Educating the citizens. Those of you who understand Arabic enjoy! Woohoo! It’s not a secret anymore. Everybody knows…It’s from the Saudi Arabia area. Quote “The project to delete zeros from the currency is still in place. It was confirmed by the Governor of the Central Bank of Iraq...It means the value of 1,000 note is 1,000 dinars and will be replaced by a note worth one dinar of the new currency.“
MarkZ [via PDK] I continue to hear that the most likely street rate will be $3.86 …I hope its accurate. We won’t know until we get there.
Bruce [via WiserNow] … well, we’re looking very, very strong right now. The sources we’ve talked to are talking about this going by the 18th, which is Thursday…we know quadrillions of dollars have been moving around…So this is the time which is very serious for us … and be prepared to set your appointment to start Thursday. That seems to be the case…the 18th…Is a date that has been decided on to have this start by 7-18-2024.
