Frank26 The 15th of April is interesting because we have him [PM Sudani] going over there [DC] but do we have to wait until the 15th of April to see the new exchange rate. No. Especially when Sudani says I have an announcement to make to you. He said he would do it during the Ramadan…
Pimpy Iraq has now joined the World Free and Special Economic Zones Federation. The other day we read an article about the Europenan Union’s reconstruction bank that Iraq has joined. This is something totally different. Another step for Iraq in the right direction.
Militia Man Having this LOP information of 1310 is ridiculous, it’s reckless…They said they’re going to have a lofty exchange rate to expose. If that’s the case, lets see what they have and how they play it out…I think it’s going to be phenomenal.
Clare Article: “From Tuesday until Saturday.. Iraq announces the Eid al-Fitr holiday” Quote: “The Iraqi government announced the Eid al-Fitr holiday, which extends from the ninth of next April until the 13th… official working hours will resume in all government institutions, On Sunday, April 14, 2024.”
MarkZ [via PDK] “Customers at the Central Bank of Iraq, which says many foreign trade transactions now go through its electronic platform” This tells me that some of the Iraqi sanctions may have been lifted as we speak. The key is when will we see the rate? I don’t know what to expect yet on that front. There is a lot of positive chatter that it could be imminent. I might actually purchase some champagne.
Paulette Comment: “Biden has nothing to do with this but the feet dragging in Iraq has become the constant…” The “Biden Regime” has everything to do with this…Just look at the currency sales numbers and you should see why the “Biden Regime” does not want change. You still have the Coalition Provisional Authority functioning in Iraq led by the US…We know from articles last fall that US Receivership is still in place and UN1483 status is unknown…Saleh recently even stated in an interview that even he did not know the status of 1483…not to mention the OFAC sanctions…Yes…the “Biden Regime” has everything to do with this…
Frank26 IMO all auctions have stopped in their current form…
Sandy Ingram There has been no new news from reputable sources on deleting the zeros from the Iraqi dinar currency in recent weeks or months by either the CBI or parliament…The end result of removing the zeros is to make money more manageable. It will not change the currency’s value in relation to the U.S. dollar.
MarkZ [via PDK] We definitely have Iraqi representatives/Ministers inside the US right now. Some are in DC and there are a couple in New York – for UN reasons…which I think is interesting…I don’t expect Sudani to visit DC just yet. I believe his ministers are taking care of it. I believe Sudani would want to be in his own country for the revaluation…To me things are shaping up just as I expected they would at the end…Very positive stuff happening right now.
Pimpy People keep taking about the $3.22 rate. In their minds they keep thinking, ‘Oh yeah, the $3.22 rate when Iraq had 25,000 notes.‘ No. That’s not the case. That exchange rate is when they had lower denominations, not these these hyper inflated currency…We’re all hoping the exchange rate will change without deletion of the zeros. That’s what we want. We’ll see how that plays out…
Militia Man How are they going to attract foreign investment? They’re going to open their borders with an International currency … and they’re going to rock and roll. The signs are everywhere. Al Sudani recently said he was going to make a change to the dinar to 1.32 dinars to the dollar, which is about $0.76. But that doesn’t include adding the Real Effective Exchange Rate.
Frank26 You’ve got the prime minister of Iraq already having a discussion with President Trump. You got the prime minister of Iraq already having a discussion with former President Bush. It’s interesting now we have the foreign minister in DC…he’s talking with the United States Treasury...No one talks to anybody at the White House until April the 15th because…they’re not going there to hand them the exchange rate they want to use, they’re going there to activate it and tell them that’s it…
yada Question: …doesn’t executive order 13303, allow the private American citizen to invest in the country of Iraq through its currency? yada: …from what I know, the EX order’s statement was to allow us Americans to be able to benefit in the restructuring of Iraq due to the sacrifice made to liberate them. That was inclusive of buying the dinar. Back in 2014, some tried to exclude us but that was left uncontested and here we are.
MarkZ [via PDK] COMMENT: Sudani is supposed to be in the US on April 15th. MarkZ: Personally I think Sudani may be here for a “victory lap” after we have already started doing out exchange.
