Militia Man Article: “Iraq is the 9th largest buyer of gold in 2024” They had 132 tons in 2023. In 2024 they’re telling you they just bought 100 tons of gold this year. Where did they get all the money for that? …All of a sudden they have enough money to buy at…$2,500 an ounce? 100 tons? You gotta go, what!?! What does it do? …What it does is it supports the value of their future real effective exchange rate…
Clare Article: “To resolve the issue of banks “deprived of the dollar.” Al-Alaq will return to Washington soon”
Samson “Economist indicates ‘solution’ ‘will lower’ dollar exchange rate”
Frank26 The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world…The monetary reform is the lynchpin. It’s the trigger. It’s the button that will be pushed to change financial structures around the world…We investors of the dinar have a backup for a backup in order to survive this global financial change…
Kaperoni Article 1: “Is it time to remove the zeros?” Article 2: “Is Iraq heading towards printing new paper currency?” These articles discuss a LOP…Iraq is converting to digital currency over time removing the paper money.
RayRen98 [via Twitter/X] …Verified lower denom locations…Province 8 Baghdad, Province 11 Najaf, AND possibly Province 1 Duhok up near Turkey. [Reference RayRen98 post 8-25-2024]
Reference post 8-25-2024 is below
RayRen98 Community Comment: Just informed that lower denoms are being released to the streets right now. …It’s on the way
Nader Community comment: “Iraq is not a safe country.” Why? United States a safe country? When you look at Chicago, Philadelphia, New York and all that you think it’s safe? Fear. Everywhere it’s bad and good are everywhere…Tell you the truth it’s safer in Iraq than Chicago. Visit the country and then judge. You cannot judge because you heard something on the news or somebody told you something. I was there two weeks ago. I’ve been going back and forth. My kids been going back and forth. Everybody’s been happy.
MarkZ [via PDK] We have Al Alag (Governor of the CBI) in New York right now…he arrived overnight in New York…I hear from contacts at the Treasury that after meeting with financial people all week…the rumor is he will have a short diversion to DC mid week… So we have a delegation from the Central Bank of Iraq over here including the Governor of the CBI. I cannot imagine they came all this way to only discuss the 4 or 5 banks the Fed has an issue with as they clean up corruption. IMO there is something bigger going on. The whole world needs this… I think its good news for us that they are here.
Militia Man Article quote: “At this time there is no acute problem regarding cash liquidity” There’s no need to print new currency…They’ve yet to do anything different. They spent about $50 million in printing currency and it wasn’t triple zero notes. There’s no reason for it. You can’t spend $50 million while you’re burning up money to print new ones, especially if they were perfectly good.
Clare Article: ”More than 100 tons.. Iraq is the ninth largest buyer of gold in 2024” Quote: “Iraq bought 100 tons of gold this year, coming in ninth out of the top 10 countries buying gold this year…as interest in buying gold is growing amid rising geopolitical tensions and economic fluctuations…The precious metal hit an all-time high of $2,531.75 an ounce after breaking above $2,500...amid growing expectations that the Federal Reserve is close to cutting interest rates.”
Samson Article: “To resolve the issue of banks “deprived of the dollar”… Al-Alaq to Washington soon”
Frank26 Right now 1 dinar is not even one [U.S.] penny. It’s like 9/10 of a penny but soon 1 dinar will be equal to at least $1.00. Did I say it will paired? No…It will be equal to at least, they told you, $1.00. I got a feeling it might be $1.30 because they kept the exchange rate at 1310. Let’s see what happens…In country at least $1.00 in value, not 1 penny in value, will give you [Iraqi citizens] purchasing power…It’s different for you [The rest of the world]…you’re going to watch the float…
Militia Man The United States is going to say we’re ready to go. We’re not playing games anymore…we’re going to do it our way. Iraq either you’re on board or you’re not on board…No wonder those guys are barking…because the parallel markets are going to go away and fast. They know what they need to do. Change the value of their currency and no one’s going to want their [black market] USD. They’re going to know the Iraqi dinar is going to be powerful just like Sudani said…
MarkZ [via PDK] “Iraq moves to profit sharing and new oil contracts” This is a few days old but they are changing how they work their strategic partnerships. They are distributing pieces and parts from ongoing revenue from oil – if you invest on those projects. This means they are looking for very long term investments both in and outside the country. This points toward long term stability. I was told this is an important leg for the RV. They will become a regional powerhouse and influencer.
Bruce [via WiserNow] we heard about a couple of things regarding rates. I mentioned…that the contract rate on the dinar would be offered to you…it is just under hundo right now, and it’s on its way to that number should be there by the time we go in for changes…And really, we’ve seen increases in the Dong as well…You guys are going to be very happy at the redemption centers with the rates…the screen rates at the redemption centers are going to be three times higher than the bank rate on the dinar and what you get on the dong will be approximately twice as much per dong at the redemption center as it would be at the bank…I know that for a fact, because we’ve been seeing what the rates are…
