Pimpy I warned you guys about this…that if you get together in a group you can negotiate a different rate. No, no you can’t. That’s false.
Frank26 Article: “An economist identifies the “ideal solution” to reduce the dollar difference between the official and the parallel” THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES… AND THAT’S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!
Walkingstick Iraq is indeed ready but the USA still has multiple conditions for release in the region which are presently being satisfied. We are getting to the end of the game which could monetarily finish as Iraq is going public to force a potential release. It is any minute, any second time frame.
Samson Article: “Al-Sudani faces American pressure to resolve problems with the Kurds before visiting Washington” Quote: “Iraqi Prime Minister Muhammad Shia al-Sudani is expected to make his first official visit to the White House in April since taking power”
Pimpy Everybody thought Iraq was at the end of becoming a member with the World Trade Organization…Come to find out they’re just barely at the beginning stages. What does this mean for Iraq? How long is this going to take? Wikipedia quote: “An offer of accession is given once consensus is reached among members. The process takes about five years on average but can take some countries almost a decade…The shortest accession negotiation was…2 years and 10 months. The longest were that of Russia lasting 19 years and 2 months.“
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq was on TV Channel One talking…with the United States Treasury on reconsidering sanctions on our banks. FRANK: He’s going over there to tell them about the new exchange rate…
Sandy Ingram Iraq has completed the necessary prerequisites to join the World Trade Organization WTO. This pivotal development reported by Gulf News marks new chapter in Iraq’s economic journey…Joining the WTO is not a mere formality, it necessitates a commitment to aligning with WTO rules by enhancing private sector performance and overhauling trade policies…. Membership in the WTO is a significant milestone for any country.
Jeff They have suspended currency auctions from this point forward, through the remainder of March…giving them eligibility to revalue this weekend – having this weekend being the earliest point throughout this entire year to be able to revalue…Iraq was not even eligible to revalue before this weekend…
Pimpy If you go to 1.32, it actually comes out to $0.76. So if I take my 5 million dinars times $0.76 oh yeah! $3.8 million, we’ll take it! But…if this is moving the decimal place over 3 positions coming out to 1.320 for every US dollar…they need to change their currency…That’s the deletion of the zeros. Your 25,000 dinar becomes 25 dinar. So if I take my 5 million and remove the three zeros and multiply $0.76 – 5,000 dinars x $.76 = $3,800. Yeah, that’s what it comes down to…When Al-Sudani was talking about he would love to have an exchange rate of 1.32…he was talking about the deletion of the zeros. I said that’s what we need to avoid…You do not want the deletion of the zeros but it looks now like it’s inevitable.
Mnt Goat I have to say that the CBI cannot turn back from all the progress already made. Also remember that the citizens of Iraq are reading all these articles too about increasing the value of the dinar and so it is way beyond the point of returning to the same old, same old…Remember two things if nothing else: 1. It’s not IF but WHEN this event is going to happen and; 2. It has to happen and soon.
Frank26 We know Sudani came out, it’s no longer a secret…We know the monetary reform is coming. We know they are suggesting 1.32. I suggested higher, but who knows. All of a sudden… parliament came out and said, ‘Oh…we look forward to our currency to have value, put on to it…we’re passing the laws.’ That was interesting. Those that for decades have stopped the possibility of a new exchange rate to come out for the currency of Iraq are now finally saying, Uncle…! Even those that were against the Monetary Reform are now forced to tell the truth!
RayRen98 …WE HAVE A DATE… IT’S COMING SHORTLY.
