Frank26 We know that the parliament and Iranian jerks are going to lie and say there’s nothing. Even if the budget comes out at 1310 they’re going to say, ‘Told you so.’ But Sudani knows what he’s doing. He’s protecting it…Let this ride out. You’re going to read these negative articles. Just flush them down the toilet where they belong…
Clare Article: “The Central Bank of Iraq clarifies the ‘National’ payment card and its scope of use” Quote: “The National Electronic Payment Card Project is an additional local option used exclusively within Iraq in Iraqi dinars, and does not cancel or restrict existing international cards such as Visa and Mastercard…there are no plans to cancel these cards or ban transactions in dollars outside Iraq, as their holders can still use them inside and outside the country as is currently the case.”
Pimpy Question: “Is a total currency reset (global rest- GCR) even possible?” A sudden global currency reset is unrealistic and unlikely. But over time a gradual shift in monetary policies could help reset the global currencies. We should not be expecting any kind of global currency anytime soon.
Bruce [via WiserNow] Now, the majority of the information says that we get started with this by or on the weekend, but there’s other information that says that it might not be until early next week…Tuesday, Wednesday, time frame… Could we get notifications on or about the Fourth of July? It’s possible. I’ve heard that – The fifth is on a Saturday. Could be that we start exchanges even over the weekend, or, based on other information, could we get notified very early next week and start exchanges like Tuesday? whichever it is, it’s happening soon…
Frank26 Question: “What will a 25K dinar note be worth after the RI if the rate comes out 1 to 1?“ $25,000. Come on, this one is equal to this one. 25k is equal to 25? No! One to one – 25 to 25.
Samson Article: “The Chief Justice of the Federal Court takes the oath of office and affirms the court’s independence and freedom from any interference.“
Militia Man A “monitoring situation” is less than a “gray area”. We’d like to see them come out and say [Iraq] is in “white” area and international…If you’re on the “black list” you’re not doing well. If you’re on the ‘grey list’, you’re doing fair. If you’re ‘monitoring’, you’re doing a lot better… This is true evidence Iraq has achieved significant progress because they went from the ‘grey zone’ to a ‘monitoring area’.
Frank26 My intentions are to continue to talk to you about the Vietnamese dong, got no choice. I’ve been forced to…I don’t want to talk about it but I don’t not want to talk about it…Donald Trump made a major trade deal with Vietnam. What are we going to get for it? ‘Excuse me Trump, sir, what would you like Vietnam to do with their exchange rate?’
Mnt Goat [Post 1 of 2] Ali Al-Alaq knows what he is doing and is setting up the Iraqi monetary system for a major revaluation… decreasing the money supply speaks RV all over it…yes, it is now shaking out in the news. Article: “THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%” ...Why would they need to have the citizens and merchants on the digital transactions with the banks? Less cash is better! This is what “financial Inclusion” means. I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the system.
Mnt Goat [Post 2 of 2] …in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher…they would have to reduce the monetary mass in circulation substantially to do it. If you are going with a $4+ rate then my [CBI] contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper…the paper notes in the hands of the citizens…must be brought back to the banks… The rest the banks can convert digitally…Folks, it all adds up. They are planning to do a major revaluation in the VERY, VERY NEAR future…I can’t believe how obvious it is now.
