Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television saying Iraq is buying huge amounts of gold and it’s to offset the ending of the dollar exchange auctions.
MarkZ [via PDK] Article: “An expected rise in the dollar: temporary shock awaits the Iraqi market” this is talking about the end of the auctions…One thing that will solve all their worries is an upward reinstatement or revaluation close or higher than the US dollar.
Clare Article: “Prime Minister: Iraq is a historical center of Christianity in the Middle East” Quote: “Iraq is a historical center for Christianity in the Middle East, and that Christians have contributed for centuries to supporting Iraq’s civilization, culture and development, and were builders of this country in various stages adding that Iraq’s identity that transcends sects and religions is our real goal, and this is clear through the cohesion and participation in various occasions, especially Christmas and what it represents as a symbol of unity and brotherhood.“
Frank26 IMO the next step is for the auctions to stop and the Iraqi dinar currency to float freely internationally in a basket with other currencies..It will cause the value to go up…
MarkZ [via PDK] Article: “Iraq Stock Exchange first with the volume of trading between Arab Markets” it only launched a year or so ago…but already it’s the largest trading market in the middle east. This one is huge. They are setting themselves up as a regional leader – a world leader…and what is going to be important? They need a currency that matches the region. That rate bar is high when you look at Kuwait and Bahrain and ll of the other currencies values over there.
Militia Man Article quote: “Iraq has gotten rid of the burden of foreign debts for the first time which had shackled it economically …What remains of its debts to international parties constitutes less than $9 billion that will be paid between now and the year 2028.” Iraq’s going to have a lot of money. If you’re going to be a creditor, people are going to be coming to you for money and Iraq is going to have a lot of it. To be fair, I think a lot of us are going to have a few dollar too because of it.
Clare Article: “Al-Sudani: Everyone is invited to create an Iraqi identity that transcends all sects and religions” Quote: “Prime Minister Mohammed Shia al-Sudani said…everyone is called upon to create an Iraqi identity that transcends all sects and religions…The birth of Jesus Christ is an occasion to emphasize a diverse and unified Iraq, and we adhere to this diversity, which represents a source of strength for all Iraqis… This came during his participation in the Christmas Eve Mass, which was held at St. Joseph’s Cathedral in the Karrada district in central Baghdad.”
Frank26 Question: “Is there a limit that they will let you exchange?” Frank26: That’s a good question. It’s possible that they’ll let you only exchange so much per day or they’ll tell you you can exchange it all but you can only take out so much per day. You’ll find all those rules and regulations once it happens with whatever bank you’ll be working with.
Mnt Goat Article: “DOLLAR AUCTION.. WHAT IS THE TRUTH ABOUT STOPPING THE CENTRAL BANK’S PLATFORM FOR CURRENCY CONVERSION?” Quote: “This platform will be stopped at the end of this year, according to what the bank officially announced.” The Central Bank of Iraq must break the parallel market (black market) in selling dollars and get them in line with the “official” rate of the Central Bank. This is critical to the process and the next step. The step we all want to happen.
MarkZ [via PDK] Article: “Al Alaq announces the start of an era of digital transformation in Iraqi Banks” This is all part of their white papers…economic reforms. Al Alaq saying how successful it is and the final portion of those white papers or the monetary reform is total independence for Iraq and a stronger purchasing power of the Iraqi dinar… AKA a reinstatement or a revaluation.
