Iraqi Dinar Gurus
Frank26 It’s no secret. That’s the beauty of where we are at right now. That’s the ground we stand on. There are no delays. Only the blind see delays. Only the greedy, foolish at heart, consider to talk about delays. The progress before us IMO is incredible.
MarkZ [via PDK] There is some back and forth from Iraq about budget tables and Kurdish oil…lots of ping pong and conflicting articles. Article: “Government completes budget schedules amid affecting jobs and services in Iraq“ they want us to know its completed and being handed off to the next stage. We could hear something tomorrow or Monday on that front. There is a lot of conjecture that there is a rate buried in these budget tables.
Samson Article: “PM’s Advisor: Iraq’s Oil Exports to the US Increased by 110% in Two Years”
Militia Man 1310 is not a traditional currency. What Iraq used to be is a ‘previous era’ from the old ‘glory days’, that was a traditional value. Is it going to be something like that? We’re going to have to wait and see but obviously they’re getting ready to show and launch a digital dinar in the country of Iraq.
Walkingstick We are marching in the right direction of a date and a rate that has been established. IMO the key is that they have a target to hit. IMO Trump is saying don’t mess with this target. Continue to distance yourself from Iran…That posturing that Trump wants from Sudani IMO is because it equals security and stability..The only reason why we still don’t have the new exchange rate is because of lack of security and stability.
Clare Article: “Iraqi Ambassador to Washington: A delegation representing more than 50 American companies will visit Iraq.” Quote: “The ambassador stated that the meeting focused on discussing the logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives of more than 50 American companies specialized in the fields of energy, healthcare, education, transportation and other sectors.”
Frank26 The future of your [Iraqi] banks which includes digitalization is the best way to deal with money laundering or counterfeiting or illegal documentation using your dinars because it is so much harder to steal electronic currency than it is to steal physical currency. This is all part of the security and stability that will bring forth the new exchange rate.
MarkZ [via PDK] I have a couple wealth management/redemption contacts working part time over the weekend. They are not expecting to start appointments yet…but are continuing to keep things at the ready in a “state of preparedness”
Fnu Lnu There are people who want to claim that Iraq cannot move forward unless they have a revalued currency with International acceptance. This is not true. There are so many projects moving forward at this time it would be futile to attempt to list them all. Iraq can and is moving forward at an accelerated pace with the help of the global heavy weights.
Samson Article: “Iraq’s foreign exchange reserves cover 18 months of imports.“
Militia Man The 112 system, they have in place under the tripartite budget, …paying salaries etc. doesn’t turn on the oil in the Kurdistan region…I believe it’s because of a Real Effective Exchange Rate has to be applied for valuation…
Frank26 Did we not say there would be a phase where they’re going to show them the lower notes, ATMs, the new exchange rate, bulletin boards on the street, at the CBI, commercials? Article: “The Central Bank announces new plans to expand the ‘Asraflak’ campaign over the next two months.” This is it. The definition of this word is extremely important – financial literacy…IMO this is the start of the campaign of the education of the new exchange rate of the new currency…I think this is big…
MarkZ Article: “Sudanese: US sanctions have contributed to reforming the banking system and the rise in the dollar returns to construction” it is more reliable now and international groups are coming to Iraq. Changes being done by Ernst and Young and Iraq fully controls their accounts in the US Federal Reserve and there is no American guardianship over them! This is big.
Mnt Goat “PM’S ADVISOR: IRAQ’S OIL EXPORTS TO THE US INCREASED BY 110% IN TWO YEARS” …the situation is much, much different than in the Dr Shabibi days. I mean…a much better way…The economic situation in Iraq is hardly about to crash…
Bruce [via WiserNow] what I’m hearing from multiple sources…the bondholders should get access to their funds over the weekend, and we’re hoping that is Saturday. We’re believing we’d get…to set our appointments…more likely Saturday or Sunday…we’re looking good as everything is coming together.
Iraqi Dinar Gurus
