Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is showing the new 35 white paper report from the IBBC is on our de-dollarization…Our country has removed foreign currencies they tell us…De-dollarization has been successful. We don’t use any other currencies except the Iraqi dinar. They are very pleased with what the Iraqi dinar is about to go through.
Clare Question: “The holiday is officially over was there any news about the Iraqi 2024 budget published in their gazette today?” NO…BUT REMEMBER THEY OFFICIALLY GO BACK TO WORK TOMORROW [Sunday] PER SUDANI ACCORDING TO WHAT WAS IN AN ARTICLE. SO WE DON’T KNOW IF THE MOJ EVEN WORKED TODAY [Saturday].Kaperoni Until Iraqi parliament passes the over 100 stalled laws that pertain to the success and growth of their economy, nothing will happen and the dinar will remain weak. Years have passed and still no progress on passing these laws.
Buckeyetree …In My Opinion, the Heat is on to reach the goal of monetary reform, the RI, and bring to pass the promise of purchasing power to the citizens, the HCL, etc. The heat/pressure is good in this case with ATMs and latest from their leaders Sudani, Alak snd Barzani.
Frank26 [Response to IBBC video below] The video starts out by maybe being a little negative by saying these are the problems that they have and then…at the very end it’s just amazing what it’s done with its reforms and positive ending…This video is a summary of everything that the monetary reform has done thus far and what it’s about to do next. IMO that’s the ATM machines and then the float.
Nader Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that’s what they shooting for. I don’t know if it’s going to be good or bad…It’s more good than bad but I don’t want to say anything about that cuz if anything happen you’re going to say, ‘Hey, but you said this. You said that.’
Militia Man Article: “IBBC Conference: Much to Celebrate in Iraq as Energy takes Centre Stage” This conference seems to be shedding a positive light on Iraq. There is good reason to in doing so. Iraq is about to break out in a very big way.. No stopping her at this stage now.. Way too many legal obligations on the table. There will be far more to come [See the IBBC Dinar debate video below]
Fnu Lnu [Response to Guru Kaperoni’s post 6-21-2024 below] I have…reviewed several different sources who all report the “new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)” is, in fact, accurate and written the same in all the sources. Just because [Guru] Kap doesn’t want it to be true doesn’t mean it is a mistake or misprint.
The Kaperoni post is below
Kaperoni Just because the central bank is changing monetary policy doesn’t mean the exchange rate is going to rise. Only with the success and growth of Iraq’s economy can the dinar go up in value.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Measures by the CBI they say will reduce the dollar rate…They say it will help reduce the dollar rate in coming days. FRANK: The only measure the CBI is taking to reduce the amount of dollars in your country is the introduction of a new exchange rate that will add value to your currency, to your lower notes, and eradicate the need of using any foreign currency. This is the goal of the monetary reform process…I agree, in the coming days this mechanism…will bring forth value to your currency and continue to remove the American dollar from your society.
Clare Video “IBBC Webinar: Drivers of the Iraqi Dinar Exchange Rate” Description “On a webinar organized by the Iraq Britain Business Council (IBBC)…Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate.” [Note: In the video you’ll see a debate of the pros and cons of the Iraqi dinar’s potential. Many things the gurus have reported are confirmed in this video…some are challenged.]
