Iraqi Dinar Gurus
Frank26 Everything is waiting for that new exchange rate. It’s like Sudani took a clock and he stopped time for the monetary reform until he feels comfortable. BTW that comfort is increasing daily, if not hourly because of the relationship that Sudan has with Donald Trump...When we had Biden nobody cared about your country now you can see Trump not only cares but he is moving the reforms with a bullish attitude…
Militia Man I’m pretty optimistic because of…this Digital transformation that Iraq’s going through. You can see the push. You can see how many things that have been happening…
MarkZ [via PDK] in Iraq: “Sudanese advisor talks to Al-Jabal about the reason for delay in sending the 2025 budget schedules and the date of their arrival to parliament” They have handed it off to parliamentary members now so they start working on it in the committee. They will have a vote on these tables soon. There are many articles out about this today.
Clare Article: “PM Advisor: Electronic tax collection will achieve greater growth in non-oil revenues this year” Quote: “These positive indicators in electronic collections will occupy a comprehensive space in the current fiscal year, reflecting the development of state revenues...”
Samson Article: “PM Advisor: Electronic tax collection will achieve greater growth in non-oil revenues this year”
Walkingstick These oil revenue cards are for the HCL…These cards are going to be part of the all electronic and digitalization of Iraqi banks. These cards are also going to play a very important part in the rural areas of Iraq, in the desert regions where nomads live.
Frank26 There’s a lot of things that are about to be announced. I pray one of them is the budget tables. I pray we see the new exchange rate in the budget tables. That’s what I want. But everything is at a standstill.
Militia Man It’s going to have to be on Forex everybody. They’re going to have to have an Article VIII compliant currency. The one they have at 1310 is not one of those.
MarkZ [via PDK] Lots of rumors floating around…Rumors have pretty much called it every night for about 2 AM for the last 3-4 days. We seem to be in some kind of holding pattern. News is not flowing like it was. We know we are close and we know people have been moving into position. Paymasters, bond holders, currency holders groups…all seem to be in position. All we can do is sit and wait.
Fnu Lnu Article: “Iraq’s Federal Integrity Commission and Russia’s Prosecutor General’s Office have begun implementing their Memorandum of Understanding (MoU) on anti-corruption cooperation, focusing on asset recovery and international legal assistance.” Iraq, in a continuing push to collaborate with foreign trading partners pushes an effort to curb corruption, a vital step to reach an RI.
Clare Article: “Iraq has the fourth largest oil reserves in the world.” Quote: “State Oil Marketing Organization (SOMO) highlighted the importance of Iraqi oil and its vital role in global markets on Wednesday, noting that Iraq possesses the fourth-largest proven oil reserves in the world, at approximately 145 billion barrels.”
Frank26 Peace = New exchange rate. Right now everything is frozen…Stability will allow the new exchange rate to come out.
Militia Man There’s a lot of blow-back from these different tribal factions..but the cash cow which was the parallel markets is going to go away and a lot of that money grift is going to go away. It’s going to be a painful situation for a lot of people. It’s going to be a big blessing to the citizens...
Mnt Goat Will they still exchange out the three zero notes to the new lower denominations? I firmly believe this project will still take place. When they tell us that the digital dinar will eliminate expenses of printing currency they are talking mainly about the large sums of paper dinars that would have to be transported outside of Iraq to pay their bills for imports…also the CBI told us that our large three zero notes will remain in circulation but only used at the banks for “inter-banking” transactions between countries and banks.
MarkZ [via PDK] Some interesting news from the group side…There are reports from other people’s contacts saying a number of the groups have their funds and are preparing for distribution. Members of the groups do not have those funds yet. I heard this starting from reputable contacts late yesterday …This gives me hope we are about to see those distributions…Once that goes – then it is all ready to roll.
Bruce [via WiserNow] …the rates on the bank screens are tied to the Forex, and the rates have been blinking. They started blinking very quickly on forex and bank screens and redemption center screens too…Now redemption center screens are not tied to Forex. They’re tied to something that’s different. They can be…put at whatever rate needs to be there for that particular currency, for us and for others too. …starting Friday or Saturday…they slowed down…pretty soon, you’re going to have the rates stabilized. The rates will settle in a given rate…And that’s what we wanted to see. Monday…they settled in...That means the rates are there on the redemption center screens, and that’s a good thing for us…I’m hearing very good things about everything moving forward for us…all is being positioned for release… we should be getting our notifications telling us that we can…begin setting appointments…and going in for our exchanges.
