Militia Man Iraq is going to have a lot of inflows. They’re going to need to make things stable…To be able to defend their currency they’re going to need to keep pricing stable…All these guys, the World Trade Organization all know that.
Pimpy That’s why you don’t have to worry about whether Iraq has enough US dollars. It’s going to be whether your bank has enough dollars and since everything’s going to be digital there’s not going to be a problem with that. That’s how it’s going to happen all around the world. You’re going to be able to go into your bank, exchange your IQD and that’s who you’re exchanging it with. Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets. [Post 2 of 2]
Pimpy We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars…If that bank…buys and sell foreign currencies they would keep it on their books as an asset. If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books. [Post 1 of 2……]
Jeff Article: “Iraq completes requirements to join WTO” Quote: “The Iraqi minister of Trade…affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.”
Clare Article: “Iraq completes requirements to join WTO” Quote: “The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.”
Frank26 [Iraq boots-on-the-ground report] FRANK: I sent you to your bank friend. Your friend is going to be receiving machinery IMO that will help him identify the new lower notes they are going to give you. They are also going to be sending in people who are experts in the process of exchanging currency. In your case, three zero notes for lower notes…It’s very obvious the next step for the CBI is for these people and this equipment to be used to give you the new exchange rate and lower notes. It is approaching you with great confidence. Be strong. You’re almost there.
MarkZ [via PDK] Question: Mark what do you think of the rumor it could happen tomorrow? MarkZ: I’m going to leave it as rumor for now. But it could happen in 3 minutes…or 2 days…we just don’t know the timing. But rumors are non-stop running hard.
Samson Article: “UPDATE: Ministerial Conference Thirteenth Session Abu Dhabi, 26-29 February 2024 ” Quote: “The National Committee on Iraq’s Accession to WTO has made distinguished efforts to align domestic legislation and laws with WTO Agreements and have the technical requirements of accession fulfilled.“
Militia Man How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer? …What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023? …If they haven’t gone to a private sector at 1310 obviously there’s an circumstance that suggests they’re not going to into a private sector at 1310…
Frank26 This monetary reform, the next step which is vitally important in order for us to see what we’re looking for, which is called the managed float, their currency matched at least to 1 to 1 with the dollar will be in an international basket…All the articles have been talking about it. It’s going to be a managed float. They’ll eventually say stop it right there, we can’t go any higher than the other middle eastern currencies. This managed float is in its first stage. The float is about to happen.
Judy Byington …RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments around Thurs. 29 Feb. or Fri. 1 March...
MarkZ [Reference Mnt Goat post 2-27-24] That totally fits with what we heard over the weekend. They are having very open conversations on television, articles…you name it. Plus a committee to help stores and markets reprice goods.
Bruce [via WiserNow] …we could get our notifications Thursday, which is the 29th of February…start exchange on first of March, which is Friday… Everything is moving in the right direction…So let’s see what happens guys.
