Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says the key will be to keep the inflation down once they stop the auctions and then the notes will pop and the rate. But auctions closing will force things. FRANK: Closing the auctions makes them obligated to give you a new exchange rate with lower notes to match it. FIREFLY: Mr. Sammy also says that by December 31st we could see that. So that means it could be before that. FRANK: Regardless whether it be in two weeks or two months it’s happening. It’s coming. We need to be ready…
Militia Man Article quote: “Sudani announced that non-oil revenues jump 14% after being 7%.” That’s a big jump everybody. What they’re doing right now is they’re making money, a lot of money…It looks like showtime is beginning. 100% increase of non-oil revenues is not a small thing, so it’s big…Here again you see Iraq is doing what they said they’re going to do…
Clare Article Quote: “Sudani confirmed that non-oil revenues reached 14 percent after they were 7 percent,” indicating that “unemployment decreased from 16.5 to 14.4, and the poverty rate decreased from 23 percent to 17 percent.“
Walkingstick The stopping of the auctions is the biggest clue you could have in your possession right now… That’s the bullseye right smack dab in the middle of your forehead. They’re going to hit this monetary reform.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They’re saying that all non-oil revenues have now doubled. We used to have 90% of the budget of just oil revenues. Wow that’s a big change…We needed to have more than oil. Wow! IMF always wanted us to diversify.
MarkZ [via PDK] Member Bank story: When I went to the bank I always go to (Wells Fargo) in Minnesota …there used to be 4 seats for the waiting area …they have now beefed it up to 24 chairs and put these big screens on the wall for “education” for older people is what they told me. Then they made more booths –doubled them where people sit with a banker. The glass on the booths used to be about 2 feet high but now it goes up 8-9 feet high and sound proofed . It has never been busy…rarely saw people waiting…and they went from 2 ATM’s to 5 now. And the people in the teller area seem to have tripled. MarkZ: I see these changes and I get excited.
Samson Article: “Iraq announces a jump in its non-oil revenues” Quote: “Baghdad Prime Minister Mohammed Shia al-Sudani announced that non-oil revenues jumped to 14 percent after being 7 percent…”
Militia Man You have the accolades from the IMF, UN, Arab League. What you’re seeing…is Iraq is ready to go international. That’s my opinion. You can decide something different but that’s what we’re seeing…They’ve got the support of the largest entities in the world. Everybody realizes Iraq is about ready to do something and make changes.
Clare Article: “Masrour Barzani discusses regional developments with Trump’s national security nominee” Quote: “the two sides discussed the latest developments in Iraq, the Kurdistan Region and the region in general, and stressed the importance of strengthening bilateral relations and joint work to maintain security and stability in the region.”
Frank26 The word ‘shock’ is not being just used freely. It is specific to what is about to happen to [the] monetary reform. Once those auctions stop, many Iraqi citizens will start to ask more questions. It will shock most of the citizens that don’t know what’s going on. It will shock parliament. It will shock the international markets as it travels in a basket. That shock wave that will restructure global finances and the American dollar will be put back on top as the ruler of all currencies on this planet. Mark my words.
MarkZ [via PDK] “Warning of Iraq’s violation of the international will seeking change in the middle east” This is a terrible translation from Arabic to English. What they are saying is there is a huge movement in the world to have Iraq be the safe, secure, stable leader in the middle east. And what will they need? A new rate. The international world is pushing Iraq forward. To me this means a new rate sooner rather than later.
Mnt Goat …we are almost there… According to my CBI contact the new elected US administration is now working with Iraq and has contacted Iraq and so this is also VERY GOOD news at this time. We must be patient and let the process play out… The process does not change only some events along the way to get there in Dr Shabibi’s plan to reinstate…there is one more step to the de-dollarization process and that is to get off the sole de facto peg to the US dollar. This step must take place and soon, VERY SOON! There is no longer a need for it…It’s time to bring the Iraqi dinar to the forefront.
