Pimpy Community Comment: “I printed this executive order out and took it to my my bank manager. She agreed that executive order make the dinar tax exempt.” Your bank manager is an expert in tax? …No it’s not exempt from taxes. But if you want to believe that, get your money and don’t pay your taxes. Go ahead. I dare you. Anything over $500 on an exchange you have to pay taxes on it…Don’t pay your taxes and watch what happens. [Dinar Guru Note: Consult your tax advisors to determine the correct taxes for your unique financial circumstances.]
Militia Man Article quote: “…The head of the Parliamentary Finance confirmed the exchange rate will continue to decline according to current data.” Exactly. Because once you guys go public and private and you adjust your real effective exchange rate the parallel market goes bye-bye…and the dollar’s pricing is going to go down, the dinar is going to get stronger. Exactly what Sudani said…
Frank26 The next thing I want to see [After the restrictions are lifted on the one main Iraqi bank] is the budget being amended and released because then after that it’s a domino effect. Everything else will follow it…
Kaperoni It has been clearly stated that Iraq’s net worth is about 16 trillion dollars including all minerals and oil in the ground. Iraq has over 100 trillion dinar in circulation. There can never be a significant RV.
Fnu Lnu There is nowhere near 80 trillion Dinar in circulation. Much of it has been destroyed, huge sums are frozen in Nostro / Vostro accounts, and many banks have foreign reserves which are NOT circulating. 97% of the three zero notes have been taken off the streets in Iraq already and destroyed. It simply isn’t true nor is it accurate on both counts.
Pimpy Where did anybody get the information that the Iraqi citizens were going to be paid for the hydrocarbon law? …I’ve heard that rumor so many times and still to this day cannot figure out where it comes from…Iraq’s hydrocarbon law revenue sharing include the Council of Ministers…[and]… Federal Oil and Gas council… Nowhere in the hydrocarbon law…does it say anywhere in there about disbursement to the Iraqi people…I haven’t been able to find anything in which the Iraqi citizens are able to benefit from the hydrocarbon law. They’re not getting payment whatsoever…
Militia Man Article quote: “Minister of Finance …will launch funding for the government tomorrow Sunday…explained the value of salaries amounts to 69 trillion dinars.” 69 trillion is over half what they’ve ever printed. It doesn’t make any sense. How do you have a 228 trillion budget when you don’t ever have that much money?
Frank26 The CBI announcement – We believe it’s about the currency. We believe it’s about the auctions. We believe it’s about a change in the auctions, a metamorphosis of the auctions which is exactly what the US Treasury wanted in order to have security and stability in the bank, which was exactly what was needed in order to bring forth a new exchange rate for their currency.
Bruce [via WiserNow] Iraq has a new rate on their CBI rate, and it’s very good and they should be bringing out the international rate on the Iraqi Dinar on Sunday – Easter Sunday…So we’re looking to get notified Monday, set appointments…and start on Tuesday with our exchanges…I think we’re all set to start.
