Frank26 As far as Suandi, Buzani and Alaq and the IMF, World Bank, US Treasury, BIS and my teams are concerned the monetary reform is expected.
Deepwoodz We’ve been waiting many years to see this [RV/rate change] happen, but the way they are doing it seems right. It’s fully thought out and done with intricate precision. I believe that once they put the icing on the cake….it will stick, and that’s what we need.
Pimpy Article: “Oil Minister: We hope to announce that Iraq’s oil reserves will rise to more than 160 billion barrels” Good Lordy that’s a lot of barrels…The increase in the reserves could definitely help to strengthen the Iraqi dinar including against the US dollar. When Sudani was saying they ‘re going to have a strong economy…strong dinar, this could be part of the plans he had in mind. There’s no doubt this would definitely increase the strength of the Iraqi dinar. Does that lead to an increase in the Iraq exchange rate? Possibly, but not necessarily. It just helps strengthen the Iraqi dinar and a strong currency eventually leads to an increase in value...
Fnu Lnu I doubt they still call it “The Snake” but that is the method used to if one wishes to participate in the IMF baskets…The Dinar will use the European Snake method of floating the currency because it only allows for a 1 1/8% fluctuation up or down thus providing the maximum stability. The currency will open with it’s permanent value, more or less, and then over time, it may be allowed to adjust one and one-eighth percent either way… [Post 2 of 2]
Fnu Lnu There are several regiments to float a currency: FREE FLOAT – The currency’s value is determined solely by supply and demand in the market…MANAGED FLOAT – Similar to a free floating…but a government intervenes by buying or selling its own currency to minimize fluctuations. CURRENCY PEG – The currency’s value is pegged to a basket of currencies or to another country’s currency. EUROPEAN SNAKE [In The Tunnel] – Beginning in mid-1972…Each country agreed not to allow its currency to fluctuate more than 1 1/8% up or down from an agreed central exchange rate. [Post 1 of 2……]
Walkingstick Whether they float or not doesn’t matter because at the onset they could if they wanted to come out with a very high exchange rate. But instead they will float because inside of the float they can control the rate with caps…For example they could come out at maybe $3 or $4 right away with controlled caps either way [Iraqi citizens] win and you and I win.
Paulette It is great to see more articles regarding the “Float”…I strongly believe this is the early stages of the last push by the CBI to educate the Citizens prior to implementing the “Delete the Zeros” project…Patience all…this is slowly coming together…
MarkZ [via PDK] We are looking for a lot of information throughout the day today. Question: Are we close? MarkZ: If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds…I have a good feeling about the next couple of days. I think we are going to see positive things today and tomorrow…to let us know where we are at in the process…
Frank26 Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]…The colors were wrong…The color is what threw us off. I apologize…What we taught was 100% true [though]…The CBI is teaching the Iraqi citizens about lower notes…coins…They’re also teaching about fils, the coins, in paper form.
BGG [Reply to Fnu Lnu Redemption Center/DeLaRue post on 5-8-2024] While the first half of this post may well be true (likely as not), I beg to differ on the last half. It’s COMPLETELY INACCURATE…There is NO SUCH THING AS AN AUTOMATED AUTHENTICATION PROTOCOL FOR THE IQD (per the De La Rue engineers – PERIOD). They don’t own that division anymore. It’s a group well known in the US as Cash Systems…
Fnu Lnu Redemption Center/DeLaRue post on 5-8-2024 is below
I have heard repeatedly, ad nauseam, about bank redemption centers being trained to recognize counterfeit Dinar…There is no such training being done…PERIOD! …De La Rue provides…computerized equipment that will authenticate and verify banknotes for 140 different countries. No human eye can be trained to see the hidden security substrate and embedded features…One merely needs to be able to feed currency into a machine and it will do the rest…The banks have been using this machinery for years and have been well trained to do so. There is NO training going on.
Mnt Goat …the IQD must be put back on FOREX for Iraq to progress to the desired goals as they themselves proclaim they want to accomplish…know that progress is moving along and much more quickly now…Oh…just wait until Iraq gets back on FOREX…WOW, things are really going to explode.
