Frank26 Community comment: “That’s what’s amazing because before you mentioned dinar and they [Banks] are like get out of here, we don’t want to talk to you. Now it’s like, Oh, please come on in and have a seat.” Because that’s what they were told to tell you. The upper echelon …in the banks have to protect their banks…workers, employees… Let’s just tell them it’s a scam ...They never considered the internet would have a leader that would teach him what to do…
Pimpy Article: “Iraq’s accession to the European Bank for reconstruction and development” This is another step for Iraq to start working with the International community. This shows outside investors how serious Iraq is of getting back on track.
MarkZ [via Zester] There is not a lot of news on the RV …Essentially we we are in a bit of a holding pattern.
Clare Article: “Iraq’s accession to the European Bank for Reconstruction and Development” Quote: “The Iraqi Fund for External Development in the Ministry of Finance announced on Wednesday that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.”
Fnu Lnu There is a debate over using the term “Redemption” instead of the term “Exchange”. What we will be doing is an exchange…A redemption is what you do with poker chips or other tokens. We are exchanging one currency for the equivalent in another currency…What you call it will have NO bearing on your tax status.
Frank26 I believe, God willing, everything is coming to a culmination, to an apex. That’s why so many things, electronic payment system, WTO, Chase [bank] talking…All of these things are for a very good reason and that is we are all going to be exchanging soon.
Militia Man 1310, 1460, 1182…they didn’t go international with that…Why would you today at 1310? It doesn’t make any sense…They had oil at $3.22 to 1 [Back in Saddam’s day]…If you reinstate with oil at…$80 to $85 a barrel today ($35 to $40 a barrel back then) and they increased their production since then. Even on that one thing, lopping their currency is ludicrous. It makes no sense to anyone that does basic math.
Pimpy The gap between the official and the parallel market exchange rates…is starting to get smaller. Remember they have to be within 5% consistently for a length of time and it absolutely looks like Iraq is accomplishing that so congrats to Iraq.
MarkZ [via PDK] It has been quiet out of Iraq but, there is lots of expectations…There is movement from what I call a “Massive whale” he’s in between a whale, paymaster and group leader. He was asked to pack his bags and get to Reno. I think that is a positive sign… There has been a lot of travel requests in the last day or so to get headed west.
Clare Article: “The battle for the dollar is nearing its end…a sharp decline in exchange rates” Quote: “The prices of the US dollar against the Iraqi dinar closed lower in Baghdad, today, Thursday, with the stock market closed.”
Frank26 You think they froze everything, paying everybody and having a normal functioning government just for the heck of it? You think they did it to 3 budgets retroactive…? There’s a new exchange rate…This budget is about to be brought back. The time of overlapping with all the things we’re seeing is incredible. It’s wonderful. Because they’re in the process of raising the value of their currency of course you got to recalculate the budget…
tishwash Article: “Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of the economic policy” Quote: “The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate.”
MarkZ [via PDK] I would like to point that when we talk of redemption centers…these are redeeming bank…BANKS…not some sleezy back alley place. BANK locations with trained staff to exchange currencies and have equipment to verify foreign currency in front of us…
