Frank26 Alaq…concerning the exchange rate, yes, he will release it when he thinks it’s time. I think he’s realizing that we are now at that point. I believe all the meetings they have been having with the IMF and the US Treasury has convinced Alaq that the time is now perfect especially with the security and stability we have.
Sandy Ingram We need to ask ourselves has Iraq been lying to us about previous banking improvements? The answer is yes and no. They were doing what they said they were doing but not what the Department of Treasury required. We were led to believe Iraq would be able to integrate without error with international banks. That belief was incorrect. Here’s what Iraq is doing as per the Treasury department’s and the Iraqi Prime Minister’s demand – Article “Iraq announces Major Banking Sector Overhaul” The plan involves major restricting of both public and private banks with top global consultants enlisted to guide the transformation. Ernst and Young will oversee reforms of state-owned banks…
Walkingstick [Iraqi banking friend update] AKI: The 1310 is dropping dramatically. The “water cooler talk” is this whole thing will come out as a whole number at the onset, like 1 to 1 because it will be on par in a basket. Not right away but it will eventually be paired to the American dollar.
Samson Article: “Transportation: Significant progress in the plan to lift the European ban on Iraqi flights.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV talking about we are preparing for our 4th meeting to join the WTO… FRANK: I believe this is the last meeting with the WTO before ascension mainly because everything is in place and so is the WTO. Shoot, they’ve been putting it in place for 3 meetings.
Militia Man They aren’t going to tell us exactly when something’s going to happen. They’re not going to tell you how much it’s going to happen at. They can’t do that and there’s obvious reasons for that.
Sandy Ingram US news report “Militia threatening to shut down the Strait of Hormuz…” It will do Iraq no good for oil prices to double or even triple if they cannot deliver the oil to the world. This could be a massive, massive blow to the Iraqi economy including the IQD.
Jeff I stressed…we weren’t going to see the rate change till Iran is dealt with. As you see, that stands true…Iraq has not revalued because they’re waiting on a resolution between Iran and the United States. Whether it’s based on an unconditional ceasefire or an agreement has been reached from military action…That’s what we’re waiting on. The war can either go very quick or take a little while depending on whether foreign countries get involved…
Mnt Goat [Wednesday] was my usual call to Iraq…I was told…that if this Iranian issue can be resolved quickly, as within a couple weeks, they fully intend to move ahead with currency reform very quickly. The only solid reason holding it back now is Iran. They had wanted to conduct the process prior to any real aggression from Israel but would not get the go ahead from the U.S. to move forward. Remember Iraq needs the full support of the U.S. for the Project to Delete the Zeros because the next stage preceding it has to be the reinstatement…I was told and I quote “technically if all goes correctly and these nuclear sites do get destroyed, we can expect the currency reform process to move ahead very quickly”.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy said when July hits and salaries are paid on the cards only the people that didn’t get their accounts open in the banks like they were instructed to, only those people are in for a big surprise. It’s their own fault. They were warned constantly to come in, bring in your mattress dinars and open the accounts that we have established for you. We think this will help push the hordes of cash Iraqi citizens have in their homes…They won’t get paid. FRANK: Get in there and activate those accounts and get that card. If you do not, when they do raise the value you’re not going to get yours…
Bruce [via WiserNow] Rates have not been on redemption center screens…I don’t know if they are back up yet – my belief is that we’ll get all new rates …on Sunday evening, after the Forex reopens… They might come up on the bank screens and redemption center screens before the Forex opens at 5pm Sunday.
MarkZ [via PDK] …Here is one we need to watch because of the timing. We are seeing some correlation between stablecoin and the digital dinar. With a potential rate of up to $3.22. But I still think it will be higher.
