Frank26 Many things are waiting for the new exchange rate. I sincerely believe that the very first domino that allows everything else that is waiting for the new exchange rate is the budget that allows everything to live and function.
MarkZ [via PDK] Comment: Remember Sudani is coming to the US on April 15th. I believe it will be a post RV victory lap. MarkZ: A lot of my contacts believe that as well. Some contacts think tomorrow may be the day. We will see. It’s not coming from enough sources to put a lot of stock in it though.
Pimpy Did we hear this rumor correctly? Did Iraq find a replacement for oil? ...It’s been under their feet the whole time…What do you suppose that would do for their economy especially if it allows them to get away from relying so much on oil. It could be very very exciting… Article: “One more country ahead of us in the race for the ‘most renewable fuel’: this is a developing one and will replace oil” It looks like Iraq is going to start doing what they can to get away form oil and start producing green hydrogen… Yes, indeedy things still looking good for Iraq. Let’s hope they stay on the straight and narrow and everything goes their way and we can see the Iraqi people have a prosperous life.
Militia Man When Iraq adjusts their exchange rate…all boats rise with the tide. All those boats that own Iraqi dinar are going to rise. The United States is going to be part of that process with the Development Road project. See how cheap it’s going to be to build that country by raising the value because they have a real effective exchange rate? You can see where the deals are going to be made. It’s going to be phenomenal.
Walkingstick There’s nothing like the facts. Everything they’re telling the Iraqi citizens is a fact because it’s coming from the right sources.
MarkZ [via PDK] Member: I heard Iraq is going to do what Kuwait did and allow their people to party a few days before they release rate to the world? MarkZ: Kuwait managed to keep their RV a secret for 10 days before the world found out. With today’s internet they would have a difficult time burying it for very long. I don’t think they would get more than a day or two at most.
Clare Article: “Iraq’s banking system grows 15.1% in 2023 to $156.7 billion”
Frank26 Divide 1 by 1320 = .00075758. If you take the decimal point and you move it over three spaces they you have .76 cents. 3 zeros = $0.76 …This is the easiest formula you can use.
Fnu Lnu Article quote: “Al-Kadhimi indicated that increasing the budget’s overall amount, from 199 trillion Iraqi dinars (nearly $152 billion) to 228 trillion Iraqi dinars (approximately $174.04 billion), resulted in a rise in the deficit, revealing that the budget is still being discussed in the Council of Ministers and would likely be presented to the Iraqi Parliament next month.” It would logically follow that a revaluation would be likely before next month’s USA confab.
Pimpy Community request “Please tell us about the smaller notes, 500s, 250 and 50s. Will they be a throwaway? What is the good and bad of them?” If they do a re-denomination there won’t be a need for a 500 or 250 note…They’re going to create the notes like the ones we have. You will see a 1, 5, 10, 20, 50 and 100 denomination…They don’t lose the purchasing power. The 10 has the same purchasing power as a 10,000. The 5 has the same purchasing power as a 5,000. The one has the same purchasing power as the 1,000…
Militia Man With the Central Bank taking measures to stop the exchange rate rise in the parallel market showed they attained a gradual decline in the exchange rate due to merchants gravitated to the new platform in significant numbers whereby the parallel market decreased to a mere $25 million a day compared to over $200+ million with the legitimate system. They say that decline will continue. Likely to disappear, imo.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend…there’s still a need to collect 30% of the people with bank accounts…Half of our parliament owns banks. That’s how they were stealing all the money until Sudani and Alaq have now cleaned that up…Citizens of Iraq are veering away from banks until a rate is available…
Bruce [via WiserNow] Rates are going to be great. Don’t worry about that…we’re supposed to be given the contract rate on dinar which is tied to price of oil per barrel.
MarkZ [via PDK] Vietnam news: “VN central bank drains more money from system” They have withdrawn more than $75 Trillion VND from the last 5 trading sessions. Guys, this is almost like they are preparing for an event and I am excited about that.
