Frank26 Question: “You said we didn’t need the census for the HCL, we’re using Article 140 the old census right?” That’s right, under the old exchange rate. The new exchange rate will be with the new monetary reform…This census is important.
Militia Man Economic stability is going to have a strong viable internationally acceptable currency. That’s why we’re here and invested in this. Take it seriously.
Pimpy The first thing that’s going to happen, there’s no doubt about this, is going to be the deletion of the zeros before they change the exchange rate. I’m not saying they both can’t happen at the same time, I just think at first you’re going to get the new currency, people are going to have to make adjustments to the cost of good, the cost of services, the pricing on your goods being sold, price on services being sold, all that has to adjust to the new currency. That goes for people inside of Iraq…
Nader No body have to do with the exchange rate besides the government of Iraq or the Central Bank of Iraq. The Treasury have nothing to do with it. United States have nothing to do with it. Nobody has to do with it…HCL and all that not have nothing to do with it.
Frank26 Banks now know…That’s why they’re not saying it’s a scam anymore. Instead they tell you if they can help you or not because like I told you, not every bank in America is going to be exchanging…
Samson Article: ”Association of Banks: 28 billion dinars are withdrawn daily from the informal market”
MarkZ [via PDK] …my sources say…They believe it will happen this year in Iraq…and I am also hearing before December 10th in Iraq…but just stay grounded.
Militia Man If in fact we have a revaluation of the Iraqi dinar a lot of things are going to change and a lot of people need to have at least a plausible deniability…The central bank…they openly exposed the education system, they talked about the zeros forever, they’re talking about the Islamic banking law, they’re talking about the Securities Law and they’re talking about that with some of the largest money institutions in the world. Britain is on big one. Same with the United States…It’s exciting. I think it’s powerful that we’re watching this unfold…
Clare Article: “Iraq census curfew begins” Quote: “The Supreme Security Committee for the Population , Census also confirmed that the curfew will take effect at midnight on the 19th and 20th of November at 2:400, i.e. 12 midnight, and will continue until 2:400 on the 21st and 22nd of November, including the governorates of the Kurdistan Region.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The census is for real. Sudani says this is a really really serious census, I want you to participate and he needed us to work with him. Sounds like it has to be tied in with legal things that need to be done and finished up before the official exchange rate rolls out. Just what we think here on the streets. FRANK: After the census I believe things will start to be revealed to you…
Mnt Goat …the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (…this is called a reinstatement…). It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD…I am told that the IMF will use the cap at about $9 – $11 to prevent wild swings out of control that could potentially hurt the basket.
MarkZ [via PDK] This is huge: “Setting a date for the resumption of oil exports from Kurdistan from the Turkish port of Ceyhan” They have set a date and will resume exports this year…to me this means the HCL is done or very close to done.
