Frank26 You know the only reason why we don’t have the new exchange rate and the new lower notes yet is why? Because terrorism from Iran, the Iranian politicians inside of the GOI, inside of the CBI, steal the dinar for decades. Then all of a sudden here comes the Lone Ranger… Sudani.
Kaperoni It’s already stated Iraq plans to end the currency auctions by the end of 2024…In several articles…they also mentioned that Iraqi banks will have to establish banking relationships with the global and regional banking sector. This can only happen if Iraq accepts IMF Article VIII.
Walkingstick Question: “What is Phase Three?” The introduction of the new lower notes to the Iraqi citizens. Question: “Not to the banks?” That was done months ago.
Pimpy [Reaction to Iraq Update Video below] Pay attention, this is the youth of Iraq. They’re very very hopeful. Like I said before, even if they delete the zeros that doesn’t mean all is lost. If you really believe Iraq’s currency is going to be the strongest in the world, if you believe they’re going to have one of the best economies in the world then just hold on to the currency. These are people who live over there. They’re telling you for the next 20 years Iraq is going to be booming. And I’m not talking about conflict, I’m talking about the economy.
Clare Question: “Wonder if the budget made it into the Gazette?” NO IT WAS NOT IN THE GAZETTE TODAY [Saturday].
Militia Man Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up. They’re going to have lots of different little things happen to them that are going to be painful. Anybody that’s holding the dollar when they change the exchange rate…those exchange companies, 197 banks that got tagged by the central bank…they’re going to have a painful experience because if you’re not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation… They’ve been warned. They’ve been open about stopping the dollar auctions in Iraq for this year…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq said Iraq returning to the glory days and it will surpass those days. FRANK: This caught me off guard. They’re talking to them a lot. We told you they would…They’re releasing the videos, we told you they would. Alaq is telling the people, look I got a mechanism, you know what it is, it’s a new exchange rate… ‘Iraq is returning to the glory day…and will surpass those glory days.’ I told you, you would never see 1 to 1. There’s a reason they kept it at 1310 and they’re going to return back to the glory days which was $3.22 because this is an RI, reinstatement…IMO this is happening.
Clare Video “How Iraq is rebuilding after the US invasion”
Mnt Goat The electronic systems are taking hold…This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros…a critical part of it...I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass…if you shrink down the monetary mass than what is left will be worth more.
