Frank26 Question: “Will Aki [Walkingstick’s Iraqi Bank owner here in the US] exchange dinars for US citizens at his bank?” Yes! That’s the whole purpose.
Militia Man Iraq is at advanced stages unlike any other country in the region for accession to the WTO.
Bruce [via WiserNow] …we heard this morning from the redemption center, staff leader at one of the redemption centers here in the US that …the staff is going in…Friday…We have the full fledged team at redemption centers going in on Saturday – and multiple shifts – so they could begin to do exchanges…on Saturday.
Clare Article: “The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an important condition” Quote: “some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar. The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand…”
Pimpy What Iraq is preparing to do is delete the zeros off the currency. That’s not what we wanted but that’s what going to happen...Everything has to do with what’s good for Iraq, not your investment.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They just told us Iraqi citizens that Iraq has completed the initial phase of joining the WTO. Basically they’re saying we’re now members of the WTO… FRANK: Don’t worry about the WTO. They are members. Everything else is just noise.
Bruce [via WiserNow] I heard from one of our Iraqi sources today…and he said that starting Saturday, Iraq…will have an all new currency on Saturday…new Iraqi dinar and it’s going to have an all new rate Saturday…Now, I don’t know if they’re gonna put their rate internationally on Saturday. They might…I can only tell you that this is looking very good for us.
Nader Today I was watching the news. I was watching Sudani in the street and it got me all excited. Got me happy. It’s been a while we didn’t see a leader who cares about the people, who cares about the country…He was walking in the street at least for 2 hours…It’s great to see that. He give confidence. It gives hope. I hope he continues like that...It’s amazing what’s going on in Iraq. I love it.
MarkZ [via PDK] …a little more news out of Vietnam…they continue to crackdown on corruption: “Vietnam jails soft drink tycoon for eight years in $40M fraud case” …I am leaning toward they are cleaning the system to change the value of the VND.
Petra Article: “The most difficult option… Warnings of the danger of floating the Iraqi dinar without achieving an important condition” “hit” piece. Very poorly thought out and clearly indicates an ignorant author who does not understand economic processes and protocols, international finance, banking and transfer monies in an active productive society. Clearly this writer attempted to use big words with unsubstantiated information and “no” back-up documentation other than…opinion. And, as stated, an ignorant one at that.
Militia Man What did they say with JP Morgan just the other day? …He’s talking about emerging markets. They’re focused on emerging markets and growth. Iraq is an emerging market. They’re not even international at the point of their exchange rate. 1310 is not viable around the world. It’s not yet. Whatever they’re doing, they’re focusing in on this is my view on it.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some so called expert is on television right now, he’s on our news Channel One warning Iraq about floating the dinar. He’s saying to us it’s not a good idea and it could lead to a collapse of our currency and it could be a massive inflation. This is all from someone against Iraq dinar. FRANK: They [Iraqi citizens] and not stupid…These tactics…doesn’t work anymore.
Mnt Goat I don’t want to fill you minds with false hope or over speculate but…we can clearly now see something BIG is about to happen…our choo choo train is speeding down the track. The destination is the reinstatement but remember to reach it, the train must first make a couple stops along the way. Many of these stops already occurred as we get closer and closer to our destination. We can almost see the finish line…
DeepWoodz Iraq did not JUST NOW begin their banking reforms. They also did not JUST NOW begin to do a study of their monetary reform, exchange rate, or otherwise. Let’s face it, I’m pretty sure there has never been anything like what Iraq is going through right now. There are no experts that have actually done this exact thing before. It really is a monumental task that will have a global impact…Truth is…it is happening. We are so far down this road now there is no turning back.
