Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani and Alaq…gave us a big speech…He started to compare corruption to terrorism saying we are not in terrorism as bad anymore, more secure, however corruption is still a daily thing…It is due to a lack of enforcing the anti-corruption law…Sudani said corruption will end and the tools needed will be utilized to its full maximum capacity to stop this corruption. FRANK: He’s trying to explain to you what he promised to you but he’s not going give it to you in this ugly environment…so they can steal it again.
Pimpy My question is whether or not Iraq is going re-denominate the Iraqi dinar because then [if they re-denominate] the Iraqi dinar isn’t going to create a lot of millionaires. I’m hoping that they’ll change the exchange rate and leave those zeros right where they are…
Clare Article: “Trade announces the opening of the new Iraqi Commercial Attaché headquarters in Washington”
MarkZ [via PDK] Question: What’s the story of the rumored $28.50 contract rate on the dinar? MarkZ: WE have seen that rumor since the early days…it sounds great but don’t know how accurate it is. Maybe it means what our purchasing power will be when we go back to the gold standard? That would actually make some sense.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: He [Alaq? Saleh?] told us he’s going to announce the third strategic phase of the banking system that will improve our monetary reforms… FRANK: Put your seat belt on. Phase three will introduce to you the new categories of notes, the new lower notes, which obviously needs a new exchange rate.
Jeff Article: “The Iraqi Communist Party marks a constitutional violation by approving the 2024 budget schedules” Quote: “The Political Bureau of the Iraqi Communist Party confirmed…voting on the budget tables before approving the final accounts represents a violation of the constitution.“ There were about four articles that come out – Iraq’s 2024 budget actually got appealed. It’s unconstitutional…Next week the court may be announcing a ruling to overturn the budget because it’s unconstitutional…That’s going to have a huge impact on the investment…
Breitling I have an average at where I think it’s going to revalue at, $0.51 or $0.52 cents. I could be wrong. It’s not like Abraham Lincoln said that or something. It was an average. That’s why I got into the dinar. That’s where I seen the value.
Militia Man Article: “News publishes the text of the third strategic plan of the Central Bank of Iraq” Here’s the powerful stuff. Quote: “…ability to issue medium or long-term securities, the transition from the platform to the banks…the increase of gold reserves, the introduction of new issuance of the high quality currency, the automation of monetary process…” This speech that Alaq has done will be one to remember…He will be likely showing us something very soon…For Allaq to be talking about the issuance of a new high quality currency is awesome! It’s huge. Especially when he uses the word ‘issuance’. It means it’s coming or it’s about to be released…It’s phenomenal. It’s looking very good. It sounds like they’re about to issue new money.
Frank26 The third phase of the monetary reform is being introduced…There are 7 parts to Phase 3… Article: “They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform” Quote: “...include the ability to issue medium and long-term securities… increase gold reserves and offer new issuance of high quality currency.” It doesn’t get any better than that…
Bruce [via WiserNow] We know that rates are still climbing and moving in the right direction. We know that the banks are ready for us.
MarkZ [via PDK] I really do think It’s our month…
