Pimpy Community comment “…The IQDs are oil credits. Our currency will go to the banks and then then the Untied States Treasury. The US will use the currency to trade with Iraq for oil or other commodities.” …No it’s not an oil credit, it’s just a currency. I’ve heard that rumor before. It’s just a normal currency Iraq has.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economic experts on television saying Iraq has a lofty exchange rate to uncover… FRANK: Do you understand the word lofty? …The word lofty means at its highest, at a pinnacle. They are telling you they have an exchange rate they are about to give you that will be lofty for your currency and for you…that is the opposite of a program rate…
Militia Man Financing a country to rebuild at 1310 is not going to happen. There’s not enough money…90 trillion dinar divided by 1310 is somewhere around $68 billion. Building a country with all its components with that value is probably not going to happen…Can you imagine how much it’s going to cost at 1310 to build 15 industrial cities? 3 to 4 million houses, infrastructure, roads, sewer systems, water systems, their military all those things on $68 billion? I shake my head.
MarkZ [via PDK] Question: Vietnam has a really low rate and they are in the WTO. Does Iraq have to change the value to be in it? MarkZ: Yes. And Vietnam is under pressure as well to change the value of their currency. The US has considered putting them on the sanction list for manipulating their currency…Surprisingly Vietnam was one of the most powerful currencies in the world before the Vietnam war… Iraq has been very up front and they have made it very clear they want to be the most valuable currency in the world again…like they were in the past.
Kaperoni IMF report: “Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission” Quote: “The authorities should therefore seek to enable private sector development, including…modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms…and continued efforts to…reduce corruption.” I have
been stating something similar for years. If the Iraqi dinar is ever going to go up in value, it’s going to be as a direct result of Iraq diversifying and growing their economy. Iraq needs to quit stalling and pass legislation to encourage and invite investment into their own country.
Walkingstick [Bank Friend #1 Update – He owns 7 banks, 2 in Jordan] He had to put his banks on alert. The alert was, you will be receiving equipment…These machines are for the purpose of counting and sorting the lower notes because the older machines are only for the three zero notes.
Pimpy I don’t want you guys to be discouraged. Iraq has come a long way. You guys know this. I know you guys want everything to happen overnight because you guys have been waiting for such a long time. You’ve been patient for this long, just be patient a little longer. We see their foreign reserves going up. We know there’s reform taking place. We know they got construction going on. We know they’re going to fix their infrastructure …Yes, things are looking very bright for Iraq.
Frank26 [Correction to Frank26’s dinar live on forex post 3-5-2024 below – Information received from community member Tomas K] THOMAS K: When you put USD/IQD on the chart that was incorrect…The only way the US dollar paired with the Iraqi dinar is this way – USDIQD or IQDUSD , whichever way you want to view the numbers but with no forward slash. Forward slash is another indication for that chart to give you some other data. Don’t put a slash between the two Forex symbols. FRANK: This man is correct. I must apologize.
Clare Article: “Saleh confirms Iraq’s monetary sovereignty and reduces the effects of speculation in the parallel market” Quote: “Saleh noted that this confirms the monetary sovereignty of our country through the stability of the national currency and dealing in it alone without the participation of foreign currencies in internal economic operations.”
Pimpy We know that a good-sized portion of the infrastructure has already been worked on and somehow some way they did it at an exchange rate of 1310…
MarkZ [via PDK] It’s been crazy quiet overnight …I feel like it’s the calm before the storm.
Militia Man I got a lot of blowback from me using the word imminent. I didn’t use those words, that wasn’t me talking. It’s not me telling you – They are telling us. Article: “Iraq announces its imminent accession to the World Trade Organization” I didn’t say it other than reiterating what the quote is…They said that.
Frank26 Article: “Dinar and dollar” Quote: “In a televised interview with the Iraqi President, Engineer Muhammad Shiaa Al-Sudani, he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the Iraqi dinar will return to its lofty economic value” Holy CaCa! I have to tell you, if a middle easterner ever says to you…I bear witness…it’s like swearing on your mother’s grave. It’s a promising that can’t be broken. It is a gift that is given…I believe this article is unbelievable…
Wolverine We are just one millimeter away…It’s coming…
MarkZ [via PDK] …JP Morgan (Jaime Dimon) made a statement that “Iraq will be the savior of the world economy” …That tells you the importance of what is going on in Iraq right now. There is a tremendous amount of effort and hope around this event.
Bruce …We know that the dinar and the other currencies have been coming in on the forex and trading upward…the bank screens reflect that. They reflect the fact that the currencies are trading up and still blinking – on the screen, which means they’re not set. They’re not stable, but they’re continually moving upward in value. And they’re blinking. So…What are we waiting on? I think they’re just waiting for the currencies to hit the values that they want them to hit before we get started. And it would appear that they are moving in that direction…So I’m excited about where we are…And I really think that we’re in really good shape right now…
