Frank26 The most important thing that is needed, the only thing that is needed for the new exchange rate to come out of hiding, to no longer be surrounded by weapons to protect it, is security and stability…Do we have it? I think so.
Fnu Lnu Now that they have a digital Dinar under development, foreign cross-border payments will be effortless and completed within seconds. Conversions and the problems they presented are soon to be a thing of the past. Local trade and commerce in the marketplace of Iraq will do just fine with the current, stable REER which now has a three year track record.
MarkZ [via PDK] [Reference Mnt Goat’s post 5-5-2025 below. Article: “TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.”] The question is – what is the real truth? We heard similar things in Kuwait and China before they RV’ed their currency.
Above mentioned Post is below
Mnt Goat Article: “TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.” As investors we have…been watching for the Oil and Gas law/referendum required by the new Iraqi constitution of 2005…One day we hear it is being passed on to parliament and the next day we hear it will not even be considered in the current session… A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to regulate this vital issue.
Militia Man The background of the country [Iraq] has had a massive amount of corruption. Spreading rumors through media is notorious. Sadly we have it here in our country as well…It’s a reality. You have to take the time to be able to understand what you own and know who those [bad] actors are. This has been a long road…We got into this because we believed in our investment. Revaluations of currencies is a reality.
Sandy Ingram In 1983 the exchange rate [of the Vietnamese dong] was approximately .976 dong per US dollar whereas by June 2023 it had reached around 23,726 dong per US dollar…Many manufacturing companies have moved out of China into Vietnam. The small country’s growth potential is definitely favored…You can trade the Vietnamese dong on the Forex market…
Frank26 What about the concept of grouping together [to go to the bank for exchange]? I think it’s good but be careful who you group with…Be careful. By grouping yourself together…You got 1 million dinars and you got someone that’s got 3 million dinars, you’ve increased the attention they will give you…You want all their attention. [Note: Speak with your financial and asset protect advisors at the appropriate time to determine the best exchange strategy for your unique circumstances.]
Maxis The budget is 210T divided into 2 parts. First part is 155T for Government Operations and the second part is 55T for investment (projects). This will leave them with a Deficit of 66T. No Projects have been funded as the budget has not been approved. Projects are just promises at this point. They have to revalue the dinar to afford all of the projects. The word from my locals is that there is no way they have 210T dinars printed…If they had 210T dinars printed their inflation rate would be unattainable …Question: “Is this your commentary or your Iraqi employees?” My employees I just listen.
MarkZ [via PDK] The news is still good …We are just not there yet. But there is a lot going on in Iraq right now…it’s really stinkin close.
Clare Article: “The Iraqi banking sector between support flexibility and the risk of reserve depletion: A reading of the Fitch report and Central Bank figures” Quote: “Central Bank figures also revealed that Iraq’s foreign exchange reserves declined by more than $7 billion during the first quarter of 2025, reaching 127.198 trillion dinars in March 2025, compared to 136.877 trillion dinars in December 2024“
Fnu Lnu [Response to Guest Boots-on-the-ground Guru Maxis 5-4-2025 post below] I have shown…over 40 projects in the last two weeks with explanations that illustrate that this “intel” is just street talk. Large contractors do not get paid in physical dinars or any sort of folding money. This is not 1920. They have banks in their home countries and their payments amount to decimals on a monitor screen that get converted to Yen, Euros, or Croners, automatically. These huge contractors never see a Dinar except to buy a falafel for lunch. The logic is faulty…Just so ya know, the contractors are being paid their millions and billions with SDR’s purchased through the IMF and World Bank / BIS. When the new digital system is implemented, these transactions will be consummated within seconds just like our exchanges will be…
Above mentioned Post is below
Maxis I had a long talk with my guys this morning. I asked about all of the projects and exchange rate. They all said the same thing, these projects can’t move forward due to the lack of physical dinars in the banks. They said that the GOI can’t print any more until they revalue. Like myself getting mine at the market rate…they are being asked to open account and deposit their 3 zero notes so the country can use them for the countries investments (projects). The problem they all have is the banks will only give the the “official” CBI rate (1310) and they would lose money…if they revalue the currency the citizens will go to the banks…They say that this will happen but they are getting very frustrated at the progress and there is an election coming up.
Militia Man Article quote: “Rafidain Bank… opening to international correspondence channels in preparation for a confident return to the global financial system.” Well they haven’t done that at 1310. Do you think for the life of yourself that they’re going to do that at 1310? If they were why didn’t they do it 20 years ago or in the last 2 1/2 years? …The bank spells it out what they’re about to do and where they’re headed…The banking reform process is ready to return to the rightful position in the international financial system…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is talking about killing the remaining 5% of cash for the black market. They’re saying this will be turned over to the correspondent banks on June 1st meaning the end of the remaining 5%. This will put an end to the black market. FRANK: That 5% once it’s extinguished, you got rid of the auctions, all the banks are well under control of the CBI, you are getting rid of the remaining 5%. Their economy is fantastic. There are contracts from here to the moon waiting to come in. We all know what everyone is waiting for…This is very good news.
Bruce [via WiserNow] …The rates have been populating but they are solid enough on the screens on redemption center screens…I know roughly what those are going to be, very, very good.
Mnt Goat Article: “TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.” As investors we have…been watching for the Oil and Gas law/referendum required by the new Iraqi constitution of 2005…One day we hear it is being passed on to parliament and the next day we hear it will not even be considered in the current session… A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to regulate this vital issue.
Iraqi dinar Gurus
