Clare Article “Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects”
Breitling The dinar is real. The opportunity is real. I know you have to have an atomic, almost God like patience. I’m just like everybody else, can’t wait for them to add value to it. But it is real. I think people who stick with it are going to benefit from it, 100%. It is real and it will come.
Frank26 I told you there are four banks [for exchange]. I told you the echelon…What was the first bank? Bank of America. What’s the second bank? [JP Morgan Chase Bank]...
Sandy Ingram Oil has risen to over $90 a barrel…OPEC is cornering itself into position of oil profits by reducing the amount of oil available…
Pimpy Nearly everybody [In Iraq] earns less than $2,500/month. 75% of the population makes less than $770/month. 50% of them earn $540/month or less. And 25% of them earn less than $400/month. This is your average monthly salaries over there in Iraq...Labor over there is cheap.
Clare Article “THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON.. AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR” Quote “the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.”
Militia Man The Iraq stage is clearly set for Al-Sudani to come to the USA…His achievements to date are phenomenal in totality! The DFI funds / funding having been the legal basis for depositing oil revenues in the new “IRAQ2” account with the Federal Reserve Bank in New York, “is the expiration of EO 13303″, which granted Iraq the ability for her funds to be deposited in an account to be protected with legal authority, and to be where they are now.
Samson Article “THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON … AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR”
Pimpy There still seems to be some major confusion about what a real effective exchange rate is versus an actual nominal exchange rate…A Real Effective Exchange Rate is for assessing its trade capabilities…an increase in the nations REER is an indication that the exports are becoming more expensive and its imports are becoming cheaper. It is losing its trade competitiveness. So the REER is used to check out its competitiveness with other trade partners. That’s it…It’s not the same thing as a nominal exchange rate…
Frank26 Iraq is a sovereign nation now with a sovereign currency. Therefore IMO Sudani goes to Washington to deal with Monetary Reform and banking advancement…Billions and billions are retuning to Iraq. It’s an incredible amount of money that’s coming back. It’ll [DFI?] probably come back to them now or after the 15th when Sudani comes back.
MarkZ [via PDK] Iraq now has full control of its funds and one of the requirements now that it has control of its funds…to pay back the United States. It cannot do that at a rate of 1310. But it can easily do it with a value change. I believe the next 10-11 days are going to be huge.
