Frank26 The reason why Sudani is going to Washington is about the monetary reform. End of story.
Militia Man Article: “Dinar and dollar” This piece was from March 4th, 2024 and is redone again fresh today. By stating they are going to overthrow the dollar very soon will be making it hard for the citizens to want to let their dinar go. Al-Sudani stated as we noted before to keep the dinar, as it will return to its lofty economic value, as it was before. From, what we know, there is a lot of issues on the table that are exchange rate oriented. This is a good sign.. imo. They are not letting the idea or the expectations of increased value to the dinar go away.
Pimpy For those of you thinking that all of a sudden some ‘Real Effective Exchange Rate” is coming along and then all of a sudden the value of the dinar is going change, that’s not what they’re talking about. The one we’re looking for any changes to happen to would be the ‘Official Exchange Rate’...
MarkZ [via PDK] I do have one Iraqi contact that is convinced we are in a day or two. I think he may be premature…but he is convinced it is this week. He does work in the Iraqi government so he may know more than I do. I am hoping he does. But I am keeping an eye on it.
Sandy Ingram The upcoming visit by the Iraqi Prime minister to Washington DC is a significant event packed with potential and fraught with challenges. The meeting is expected to address a range of issues from the fight against the Islamic State…to Iraqi financial reforms… As the clock ticks down to April 15, the world watches with bated breath. Will this be the turning point that ushers in a new era of cooperation between the United States and Iraq? Time as they say will tell.
Frank26 Executive order 13303 was not resigned therefore Iraq is now completely free. They are totally sovereign. They are a sovereign country with the total sovereign right to do anything they want with their banking structure…currency…currency notes…exchange rate. They have the prerogative to do so.
MarkZ [via PDK] I heard there will be more activity from Redemption banks for later this month as they are getting some last minute instructions… They even used the term “Last minute instructions” So I take that as a very good sign. I am hopeful we are in the last few days or weeks at worse….
Clare Article: “The Central Bank is preparing a report to lift the ban on 28 Iraqi banks”
Militia Man Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value. They have a a lot of assets. They have natural resources to the extent…they’re 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world. They also have one of the youngest populations and growing populations…The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward…
Pimpy You guys are still saying the LOP and the deletion of the zeros are two separate things. It’s the same damn thing…LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing. It’s called a re-denomination…When a country re-denominates the old currency is no longer any good…
Frank26 From the 9th to the 13th I consider that to be a very serious study window for us to pay attention.
MarkZ [via PDK] A big thing that just happened is the reopening of the pipeline between Iraq and Turkey. They say it can handle an unlimited amount of oil. This is huge for the amount of oil they are exporting. This means more money for their currency.
Mnt Goat Does Iraq need the Oil and Gas law in place prior to the RV? I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.
