Clare Issue No. (4781) of the Iraqi Gazette was published on 7/1/2024 Issue No. (4783) of the Iraqi Gazette was published on 7/8/2024. Issue No. (4784) of the Iraqi Gazette was published on 7/15/2024. THERE IS STILL A MISSING PUBLICATION FROM THE GAZETTE AND THE LATEST ONE IS SHOWING TODAY.
Frank26 The Iraqi dinar first will come out as a reinstatement instantly and work itself back up to an RV…
Kaperoni Article: “Deleting the Zeros of the Iraqi Currency” I have said it numerous times…we do not want to see Iraq delete zeros.
Nader You heard them talking about corruption. They’re going to clean it up but it’s going to always be there. It’s everywhere. It’s in America. It’s everywhere in the world. It’s in Europe. It’s here. Corruption is corruption, the biggest corrupt people you cannot clean them cuz they have powers…You can’t do anything against them.
Clare Article: “Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation” Quote: “if the currency is the “dinar” and its value is equal to 1,000 dinars, after removing three zeros, its value will become one new dinar…According to experts, the actual value of the money people own does not change after deleting the zeros, but this step contributes to simplifying the buying and selling processes for individuals and companies, and makes the financial amounts simpler and more understandable. Instead of dealing with huge numbers such as a trillion or a million (1,000,000 Iraqi dinars), they can be converted to just one thousand 1,000 dinars after deleting three zeros…The exchange rate will be transformed into one dinar for every one dollar, and this is what the late former governor of the Central Bank, Sinan Al-Shabibi, aspired to”
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We’re hearing this man on Chanel one on the TV he’s saying to us citizens, he’s saying joining the WTO will eventually lead to the rising of the dinar value up. It’s all about global trade…In order to compete we will need a real effective exchange rate to produce anything in the global trading market. FRANK: He’s right…It’s amazing they are talking to you about the real effective exchange rate…because that is the end result of the float…God willing it comes out at $3.22 as an RI.
Pimpy Yes, an article came out again about deletion of the zeros… “Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation” I keep telling everybody when they do the deletion of the zeros this is how it’s going to work. You got a 25,000 dinar. Right now at the current rate you have .00076. It equals $19. The nominal, which is the [three zero] currency, they will remove the three zeros [25]…and it will take the three zeros off [the rate – .76]…That would be 25 dinar times .76 gives you $19.
MarkZ [via PDK] …once again I have some redemption center/banking folks that will be working part time this weekend. Not on call…but physically being asked to go in for a set number of hours…this is the second weekend in a row. Is it to throw us off and think it could go? I don’t know.
Margarita Article Quote: “He expressed hope for the fourth round of negotiations to take place in the first quarter of the coming year, emphasizing that this acceleration indicates that negotiations are progressing very quickly towards Iraq’s accession to the WTO, with Iraq being an important economic entity and all countries eager for Iraq to reemerge as a key player in the multilateral trading system“
Clare THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE.
Frank26 I will admit I was hoping they would say something on the 18th about the WTO. They didn’t. [Not a] big deal.
MarkZ & Militia Man MarkZ: …this week there are television ads being run in Iraq about the “delete the zero” project? And they are doing this internationally – I think that is important. Many people left Iraq during the wars and have settled elsewhere in the region. So doing those ads internationally are for those citizens. IO that is huge Militia Man: Obviously Iraq is trying to reach out to the people and share with them some education about how the “delete the zeros” works…I have a translator who reads and writes Arabic fluently…and they say this ad is the real deal… Part of a campaign of awareness and released in several countries…Like Al Alaq said in July of last year. The project to delete the zeros still exists…the emphasis is that it’s all positive and they are going to do something with their currency.
Clare THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE. …THE VIDEO THAT WAS RELEASED IN IRAQ & ARAB NATIONS EXPLAINING ALAQ’S COMMENT ABOUT THE DELETION OF THE ZEROS…WAS HUGE!!! THIS IS WHAT WE WANT THE DELETION OF THE ZEROS!!! COME ON CBI…
