Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is showing a big meeting where Sudani is giving 4 million dinar grant to all displaced families that are currently in camps in Iraq… FRANK: 4 million dinar for the displaced families is an insult at 1320 but it is a blessing at 1.32.
Pimpy I challenge any content creators out that’s making videos about the dinar…to…a debate…Bring your receipts. Bring your proof that I’m wrong and I’ll bring my proof why I say I’m right. That’s all you have to do. It’s not that hard…Remember that I challenged people out there…I would give them $5,000 if they could…have a debate with me and prove me wrong about anything that I’m saying…How many people showed up? Zero.
Kaperoni Article quote: “new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)” Community Comment “The mathematical ‘mistake’ basically equals 1.32. This seems very very coincidental to the deletion of the zeros.” Referencing the exchange rate in billions rather than trillions is an easy mistake to make. It happens all the time and everyone thinks there’s something to it. Wrong.
Frank26 Article: “Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?” The way this article is written, the amount of 6.5 billion IQD equivalent to $4.9 billion…is an example of the 3 zeros being lifted…We are going from trillions to billions because they lifted the three zeros…We are now in position for the next step of the monetary reform.
MarkZ [via PDK] It is totally coming…Just because it hasn’t happened yet, doesn’t mean it’s not happening…there is no negative news. There is nothing telling us it isn’t moving forward anymore.
Walkingstick The Iraqi citizens are being given their education, not our education. They are telling the Iraqi citizens what they need to hear at this moment in the monetary reform process…
Militia Man Iraq says they’re opening a copper recycling plant. We talked about phosphates…sulfur…liquid natural gas and now we’re talking about they’re opening a recycling plant to do what? To help their infrastructure. Infrastructure is what’s driving the…Development Road Project. They’re going to need thousands of tons of copper rods annually. They’re going to be able to produce that…They have so many raw materials… It’s nothing but bullish for this country.
Frank26 Question: “How much longer are they going to hide the budget?” Good question because you see everything that’s in the budget requires the new exchange rate. The HCL is coming out, which requires the new exchange rate…The ATMs have the lower notes, which require the new exchange rate…Sometimes my opinions I should keep to myself and this is one…
Mnt Goat Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open… the final issues preventing the reinstatement are being dealt with one by one…It is June already and this month is proving to be a very significant month again…my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.
MarkZ [via PDK] There is a lot of anticipation for this weekend. Bank/Redemption contacts say they are on call this weekend…and have an hour notification time. They have one hour- if called to go in. This was from 2 different contacts from 2 different states that said the same thing. This is very positive.
