Frank26 [The Iraqi dinar] is a speculative investment. If you hear a date, if you hear a rate, those are just speculative IMO…
Samson Article: ”Iraq is facing a new era…reform or the arrival of the Americans”
Militia Man The writing is on the wall, Iraq’s going to the private sector and we have to see where the pipeline’s going to get started again, the oil, salary is going to get localized, they’re going to need an exchange rate to take care of all those things, all those contracts, they’re going to need a valuation of the country’s true effective exchange rate...We’re seeing it all right now in real-time. Will it happen in the next few days? Not sure but we’re sure looking at some powerful information that we haven’t seen before.
Jeff Many have asked, What’s taking Iraq so long? Why haven’t we seen the rate change? A lot of that is intertwined and connected to what’s happening with the US government…
MarkZ [via PDK] Question: What are your gut feelings about notifications going out? MarkZ: I have so many people telling me they could go out late tomorrow…. I feel it could go out anytime between now and the first.
Walkingstick You want to go to Chase [to exchange your Iraqi dinar]? Nah. Where you going to go? Aki. There’s going to be thousands of those exchange centers all over the world. If Chase is going to make you wait 6 months I’m just gonna go to Aki’s or the CBI’s private banks…In Michigan there will be hundreds of them.
Frank26 Sudani and the CBI defend the monetary reform because that is the security and the stability for the new exchange rate.
Wolverine [via Judy Byington] The platforms are closing down right now…It looks like we are crossing the finish line…It’s all (allegedly) coming before Christmas.
Samson Article: “Al-Sudani: The citizen wants to see something realistic and is tired of promises”
Militia Man Article quote: “After getting rid of heavy burden of its debt, Iraq has transformed from a country indebted to other to a country that can be a creditor to others.” Iraq is not going to be be in debt to others but they’ll be one that can credit to others. Iraq’s going to have a lot of money. Non-oil…oil…tourism revenues…are all in play.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about the dollar exchange. FRANK: of course they are. That’s all they’re going to talk to you about. FIREFLY: They’re saying the dollar platform is about to stop. They’re saying there’s a shock that’s coming when the platform stops. Then they’re saying the dollar will rise because of the demand. We think they are warning to be careful not to use the dollar. That’s crazy. We know the dinar will have to go up… FRANK: Yeah, because it’s not going to be just 1 to 1 IMO. It’ll be maybe a little more than 1 to 1 which means it has more value than the American dollar.
MarkZ [via PDK] [Reference Mnt Goat post 12-20-24 down below] A change in the dinar rate breaks that parallel market…so to me with the mechanisms put in place yesterday…now they can pull the trigger.
Mnt Goat Do you realize how long we have been waiting for this news to get off the sole dollar in payments for imports and be done away with these corrupt currency auctions? Yes, Iraq is now officially out of the sanctioned mode of paying for imports...Can the news get any better (other than getting the RV of course…), WOW! WOW! WOW!. Yes, it’s DONE! …I see this process moving ahead now very nicely.
