Pimpy Iraq without a doubt is trudging forward but now here we go. We go election season coming up. We really have to cross our fingers and see what happens because the people that get in office really do make a huge difference on what’s going to happen in the future.
Frank26 Question: “If all the banks know and have dinars, when they exchange will there be anybody to serve us?” Yes and that’s a good point. The upper echelon of the banks, even they are just finding out. But IMO no bank officer is allowed to buy dinars…
Samson Article: “Calls to accelerate 2025 budget and boost non-oil revenues”
Clare Article: “The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth” Quote: “The Central Bank of Iraq decided to reduce the interest rate from 7.5% to 5.5%, after the inflation rate decreased in Iraq“
MarkZ [via PDK] …[Guru] Nader talked about that on Tuesday the IQD popped up at .1094… We are starting to see those fluctuations regularly on forex etc. to give you an idea of what he saw. Your one million IQD would have gone from about $800 to about $14,000 just like that!! This is enormous but nothing compared to what we hope and expect…but, it is clear they are testing and priming that system.
Pimpy [Reference Guru Nader post below] It [The dinar on Forex] went from 1320 to 745 for every dollar so that’s 54% increase in value. Woo! Man that’s really good. It’s not where everybody wants to be but still a nice jump in value. It’s looking good. I really think it’s looking good. I just try to keep people grounded…There is weird activity. Nobody really knows what it means but that is one hell of a jump, a 54% increase in value…I don’t know what’s going on…It is exciting because this is right on the heels of the information…that they’re lifting restrictions [on foreign exchange in Iraq] and then all of a sudden this happens. This is like one day apart…All of a sudden next day there’s a spike. Could be something, could be nothing…Everybody knows it’s close so it’s hard not to get excited.
Wolverine [via Judy Byington] The private contractors have seen their letters of confirmation that they will get paid this coming week. That is a million percent confirmed. The biggest news is that the biggest Whale in the RV got paid and went home to start the process to help humanity…he is a good friend of mine, and when that news came through, I started crying… I also, will be jumping in with them to help with their humanitarian projects…I will be flying out soon, but cannot tell you where. When I get the green light, you will not hear from me again, but the opera [RV?] will come before that happens.
Militia Man Article says, “Why is the US dollar exchange rate fluctuating? [Central Bank advisor] says most traders who obtain the US dollar at the official price from the central bank, they sell their goods at the black market price as well as the lack of global correspondent banks…” The black market becomes part of the issue…The black market harms the economy.
Frank26 The fact that we now have security and stability is so extremely exciting…The Iraqi citizens don’t have their ‘cancer’ anymore.
Nader Monday night (Tuesday Morning) I was in bed and I received a phone call around 2 o’clock in the morning over here in the States. They go like, hey Nader you go on Forex and watch what’s happening in Forex…I go to Forex and I see this spike. Boom. Big spike. This first time since 20 years I see it…I look at it and it’s missing one zero. Instead of three zeros is only two zeros…I’m there looking at it. I’m not believing myself what I’m seeing and I see it going down too, back to .00076 …For me they bring to do it. They’re testing it. They testing it late night or early morning over there just to see how it’s going to work out…If you go to google, type in Iraqi dinar exchange rate. Click 5d (last five days view). If you go there you see it loss it’s zero and it’s .0014 instead of .0076 … [Note: See the spike on the chart from a few days ago by Clicking here to view on Google ]
Bruce [via WiserNow] We’ve seen rates on the dinar, on forex, which is a very good rate, just a hair under 20, that is going to be the bank screen, front screen rate – so the redemption center rate should be higher than that. And I told you guys they are supposed to offer us the contract rate on dinar at the redemption center, and that’s going to end up being over five times what it is on the bank screens.
MarkZ [via PDK] Article: “MP (Member of Parliament) It is not possible to pass the 2025 budget without sending the final accounts from the last two years” This is a big one. Along with the HCl…it looks like we will soon be getting the revaluation we are looking for.
