Frank26 Question: “How can they put bonds into circulation without a rate?” [Reference Guru Frank26 Firefly 2-23-2025 post below] They’re not in circulation. If someone told you they are, get away from them. They’ve told the citizens they can buy them but they’re not in circulation right now. Why? Would you buy them at 1310? No. Because there is no exchange rate for it yet.
Above mentioned Post is below
Frank26 [Iraq boots-on-the-ground report] FIREFLY: There’s an economic expert on the television…He’s asking us Iraq citizens some questions regarding the exchange rate of our currency…He went on for 20 minutes talking about the pros and cons [of what we’re about to do] and he reminded us that at one time the dinar was $3.30…Then we see new information commercials talking about the new national bonds…Mr Sammy says this is another way to get the citizens to bring in their 3 zero notes that many are hoarding in the their homes. FRANK: They are pushing the idea to buy the bonds. They’ll use their 3-zero notes…The push to bring in as many 3-zero notes as possible is also another loud indicator of a change that’s coming…
Clare Article: “Kurdistan oil to flow again within two days” Quote: “Iraq is awaiting Turkiye’s approval to restart oil exports from the Kurdistan Region via the Ceyhan pipeline within two days, Iraqi Oil Minister Hayyan Abdul Ghani revealed on Monday.”
MarkZ [via PDK] Article: “Baghdad and Erbil form a joint technical team to inspect the readiness of the Kurdistan oil Export Pipeline” this pipeline had been mothballed for a couple years and is now roaring to life. They are planning to test it in the next 18 hours or so to start again moving oil through Turkey for sales.
Militia Man An agreement has been reached and confirmed to resume the export of [Kurdistan] oil. IMO they’re not going to use 1310 as a value basis for this to happen. They’re going to have to have an IMF multi currency practices rule and compliance issue stopped… They’re going to need a Real Effective Exchange Rate in dinar terms for this to happen. If this holds true, a change is to be coming…
Sandy Ingram Iraq, which holds over $100 billion in reserves in the US, relies on American support to maintain access to its oil revenues however its financial standing could be at risk as US president Donald Trump has signaled a return to his maximum pressure policy on Iran. Iran…has used Iraq as an economic gateway to access hard currency and bypass U.S. sanctions.
Samson Article: “The Prime Minister discusses with the IATA delegation the procedures for lifting the European air ban on airlines”
Frank26 They have had a multitude of exchange rates to study and experiment with over the last seven years. They’ve done a great job of it. We call it a second set of books. It as actually more than that. It was called the RV phase, the revaluation of the Iraqi exchange rate to determine what rate they should use. It turns out the rate was pretty high but logic will cause them to come out at a decent rate maybe 1 to 1 or just do the RI right away at $3+. Eventually the float should take it to $4+ IMO.
MarkZ [via PDK] Stay hopeful…we will get to the end of this…we don’t know the exact timing…but so much is lining up…I am not ruling out February yet.
Walkingstick When the new currency comes out both Baghdad and the Kurds will use the same IQD but only Sudani will control the currency. Only Sudani will control the country with the CBI… Sudani control the new exchange rate, not Barzani, not parliament, not even Trump.
Clare Article: “Oil prices fall as Kurdistan Region exports resume” Quote: “Oil prices fell in early trading on Monday, extending losses from last week amid the possibility of resuming exports from oil fields in Iraq’s Kurdistan region, while investors await clarity on talks aimed at ending Russia’s war in Ukraine”
Militia Man Article: “Epicor Seeks ‘Non-Political’ Deals to Resume Kurdistan Oil Exports” The pipeline is ready to flow per Turkiye. It was ready back in 2023, as noted in the previous article commented on today. This is seriously a very big deal taking place. Again, the implications are massive on a local., regional and global scale. The impact is going to be a mind blower to many…
MarkZ [via PDK] “Kurdistan oil export: Washington presses and Baghdad faces challenges” I would like to point out that Baghdad is calling BS on some Rueters articles saying the US is threatening sanctions if Kurdistan doesn’t start pumping the oil…. Both Washington and Baghdad say “BS” and tells them to stop with the fake news.
Frank26 Everything that we read every day has nothing to do with 1310. Does this International global system have anything to do with 1310? No. Does the complete overhaul, change, blood transfusion of the banking system, the monetary performance system of Iraq, completely changed, do you think they didn’t change the 1310?
Mnt Goat Article: “EXCLUSIVE: FIVE IRAQI BANKS TO BE BANNED FROM US DOLLAR TRANSACTIONS” so it’s not 15 banks, only 5 from engaging in US dollars. These are the CBI restrictions and NOT US sanctions imposed on the banks in Iraq. I repeat NOT US sanctions! Many of these Iraqi news media outlets luv to exaggerate and tell you these are US sanctions. This is called FAKE news. Yes, even in Iraq.
