Samson Article: “Iraq’s oil exports to America exceed Saudi Arabia“
MarkZ [via PDK] Question: How long do you think we will have to redeem once we receive notifications? MarkZ: I believe 30 days to exchange is the bare minimum. We will have plenty of time to exchange.
Militia Man Article: “The central bank’s approach to banking reform and development contributes to accelerating Iraq’s accession to the World Trade Organization.” Iraq hasn’t had full accession yet. And we always believe they won’t have it quite yet until they are fully international. But the point is Iraq showing they are ready to go with what they have been doing. The news is really exciting because it supports all of that.
Frank26 Unfortunately most people are not made to be in this investment. They are made to pay taxes and keep their mouth shut. But knowledge is powerful. We are learning through AsraFlak the monetary reform education to the Iraq citizens every step that has been done, every step being done to bring forth the purchasing power, is evident.
Walkingstick We have entered a window of two weeks to two months. A window of opportunity for this to go…
Pimpy Community comment: “Delete the zeros, that’s good, that’s off the exchange rate.” No. The deletion of the zeros is a redenomination. I they redenominate they take the zeros off first. You better cross your fingers they change the exchange rate.
Sandy Ingram The Central Bank of Iraq has successfully completed its transition to having foreign currency transfers handled directly by Iraqi banks through their international correspondent banks moving away from the previous centralized electric platform. This shift…marks a major step in aligning Iraq’s banking operations with international standards.
MarkZ [via PDK] on the bond side…there are many key meetings today and tomorrow. A number of contacts are believing they will complete their transactions. We may have the top 25 groups done by Thursday’ish…that would be one heck of a kick off. I believe this will give us the necessary number to pull the trigger on a revaluation…the news is great and we just need it to come to fruition.
Fnu Lnu Iraq can and is surviving, thriving, and moving forward without revaluing the currency. I have stressed that economic and and monetary reform is not necessary for progress and not necessary to be listed on FOREX.
Samson Article: “More than 10 international companies are ready to implement the Baghdad Ring Road.”
Militia Man When’s this going to happen? What else is going to delay it? Is there [a delay] or is it just an interlinking? Is it a synchronization? It could very well be because it’s a complex situation…Pairing currencies all at the same time, everybody’s got to be on the same page or it doesn’t work…There can be shocks in markets. I would think the IMF, the Bank of International Settlements, World Bank, US Treasury, US Federal Reserve Bank…know a lot more than we do. All central banks know a lot more than we do…
Frank26 Nothing is logical at 1310. That’s why to me it is such powerful evidence when we don’t see the salaries…HCL…budget tables…lower notes because everything on that list is simply waiting for the new exchange rate…Everything is at a standstill. Everything is frozen. It’s like somebody clicked the stopwatch and it stopped time in Iraq until a new exchange rate is brought forth.
MarkZ [via PDK] I keep hearing there is a rate tucked into the budget tables…and they are doing their best to stall the budget until they get the clearance to “GO”… That is the rumor I am getting out of Iraq from Iraqi sources.
Mnt Goat …It took a business man like Donald Trump to see the potential in Iraq for American companies but also, which is most important, to take advantage of it. But Trump knows that before he can convince American companies to come to Iraq, he must erase the stigma of Iranian influence in Iraq…today we get a really good clear look at where the Trump foreign policy towards Iraq is going and its all VERY GOOD!
Iraqi Dinar Gurus
