MarkZ [via PDK] We do have some reports from some bankers and they were requested not to leave their area this weekend. That is a bit of a change. Even my redemption center contact in Virginia is hearing they have to stay within a 2 hour traveling distance this weekend…even if its Easter weekend. I think that is interesting.
Wolverine There is a lot happening right now…the process has started, and we WILL have a beautiful week coming up…We need the notifications for Tier4B, and we are sure to get that this weekend…We are THAT close!
FRANK26 We are in the mode of anticipation. We’re not in the mode of study. There’s no more files to crack. We’re sitting here waiting for them and the big thing I’m waiting for is the announcement that all the restrictions have been lifted. But it’s only on one Iraqi bank. It’s a lot closer than we realize…
Fnu Lnu It is disingenuous to try to say that Iraq ONLY has a net worth of 16 trillion dollars. Those calculations do not account for many factors like tourism, a monumental gold deposit that is never spoken of, port revenues, tariffs…etc.
Bruce [via WiserNow] First of all, all sanctions with one of our US banks were dropped by Iraq. We dropped sanctions…On Iraq I think about three or four days ago…Everything’s clear from that point of view.
Walkingstick The 228 trillion budget is going to turn into 22.8 billion dinars at 1 to 1 rate, along with the lower notes.
Pimpy The IMF, WTO, World Bank and whoever don’t have a say whether or not Iraq LOPS off their zeros. That is decided by the Central Bank of Iraq as well as the government of Iraq. You’re confusing the ‘lopping of the zeros’, ‘the deletion of the zeros’, ‘the reducing of the zeros’, ‘the removing of the zeros’, as somehow a loss in value. It is a neutral event. It doesn’t affect outside investment into the Iraqi dinar. I told you when you remove the zeros all you’re doing is lowing the nominal value of the currency. Has nothing to do Iraq’s exchange rate versus other wold currencies – noting whatsoever.
Militia Man When people suggest they’re going to LOP the currency ask them about…How is it that a country that’s worth $16 to $17 trillion with no inflation is going to LOP their currency? And that would be allowed by the IMF, the Bank of International Settlements and the WTO…US Treasury? Why would they be able to just erase the value of the currency when the US Treasury holds lets say 7, 9, 10 trillion dinar? …This is what’s in the news. This is what’s reality…
MarkZ [via PDK] I am getting back and forth news from groups. Some say it’s happening now and some say May…. They are really bouncing back and forth.
Frank26 I strongly believe [The foreign minister] is in Washington right now showing the United States Treasury the new exchange rate and then on April the 15th when Sudani goes to the president of the United States he will see him with a great authority with great power…
Mnt Goat [Post 1 of 2……] …it is very significant to collect…dollars stashed in the homes of the citizens. This is the next step. But they told us the CBI would not take this next big step, to collect all this cash, unless they first got the parallel market under control. Now they are telling us it is under control. …But how will the CBI get all these hordes of cash out of the homes and into the banks? …Yes, more purchasing power…But how do you get more purchasing power? You must increase the rate of the dinar and I firmly believe this will be next step and this is coming soon, VERY soon!
Mnt Goat [Post 2 of 2] But slow down cowboy, I did not yet say reinstatement…this is going to be first an in-country revaluation… We don’t actually know the next “program” rate revaluation from 1320, but we do know with certainly it must be over a dollar. How much over to give enough incentive to turn in the dollars, we don’t know. … We are not going to exchange at this rate anyhow. Later, after the reinstatement, If you live in the U.S. you will get the U.S. rate, if in Canada you will get the Canadian rate or if you live in the EU you will get the European rate. I told it will be significantly higher than the initial in-country rate by the time we see it and go to the bank…
