Sandy Ingram Zimbabwe has a new structured currency…People will have 21 days from Friday April 5th to exchange their currency for the new structured currency…[We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country. If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq.
Pimpy Iraq is transforming in a very quick and powerful way is great news…The fact they’re able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320…
MarkZ [via PDK] Question: Do you think things have started? MarkZ: After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now.
Militia Man Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq’s favor as a whole. So give or take, whether it’s before he comes home or after he comes home Iraq is going to be whole. That means everything is in Iraq’s cards…they have the ability to be sovereign again. That’s what we’re waiting for.
Frank26 Question: “How long do you think we’ll have to exchange IYO?” I don’t know. Normally they give you anywhere from 6 months to about a year.
Fnu Lnu Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation…To espouse such inciting commentary [against this]…negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel…
Clare Article: “Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr” Quote: “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.”
Sandy Ingram Iraq’s prime minister will be in Washington, DC in less than 8 days to meet with President Biden.
Pimpy There seems to still be some confusion about the official exchange rate versus the real effective exchange rate… comments like “When they get to the real effective exchange rate” or When they switch to the real effective exchange rate.” Or “When they use the real effective exchange rate“…This is confusing…what a real effective exchange rate is…An official exchange rate is at which country’s currency can be exchanged for another country’s’ currency…Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country’s currency against the basket of it’s major trading partners…Iraq already reports the effective exchange rate…It’s already there…you don’t have to wait for the real effective exchange rate to come popping up, it’s already being used…
Militia Man We’re watching Iraq go international. It’s an interesting study. It’s fascinating…Iraq is coming up…Iraq is moving in the a direction to go international and it’s phenomenal.
Walkingstick and Frank26 This monetary reform is right in front of your face. It’s at your doorstep. I envision being at the very edge of a cliff, on my tiptoes, with my arms out, leaning forward, my head down, waiting for a gust of wind to let me fly….
Goldilocks Iraq is in the process of signing bilateral agreements that will support their infrastructure through their shipping ports. This move will help Iraq to spend their money locally and support their own economy. Projects such as this will help justify new values on their Iraqi Dinar…
