Militia Man If Iraq is going to be international they’re going to have to be in compliance. One of their compliances is to have an internationally acceptable exchange rate. They don’t have that yet. But they are going to have one.
Clare Article: “Cooperation between Iraq and the International Monetary Fund” Quote: “Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing…An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.“
MarkZ [via PDK] Question: do you think we wont go until June Mark? MarkZ: I don’t think so …but nobody knows the exact timing. There sure is a lot happening right now though.
Frank26 If that is true (Iran gives up nuclear weapons ambitions) then this trip that our President is doing, there’s a very good chance he might talk about Iraq because if he tells the world that Iran is willing to do a deal now with their nuclear proliferation...’we’re [Iran] going to make money instead’…well then they’re going to make money with Iraq. And you don’t make money at 1310 do you Mr. President? No, we do it with a new exchange rate…
Fnu Lnu ...The most recent annual reports show clearly that Iraq already has a REER and that is 1300 IQD to $1 USD. If Vietnam can be Internationally accepted and FOREX traded at 25,575 VND to $1 USD then the IQD can do the same with 1300 IQD to $1 USD. Why they haven’t has nothing to do with their ability to do so, but rather, the desire to do so. All events do not lead to the RV. At a time when the IMF and World Bank is under fire for going off mission, the global/geo-political condition is not conducive to a RI/RV at this time. The currency is internationally compliant.
Pompey Peter What we know is the budget hasn’t been activated. We also on Saturday the 17th in Baghdad Sudani heads up the Arab Summit…29 countries of the Arab Leak. I think Big Don is going to be there as well. That’s the word on the street…
Militia Man This is an event that’s going to be historic…Investors put their money where their mouth is….$88 billion invested in Iraq in 2023/24…There’s an estimated $400 to $500 billion more on the way. That’s massive! A half a trillion dollars is huge. Why? Iraq told us they have $16 trillion worth of rare earth and that doesn’t even include the taxes and tariffs at the borders…The list goes on an on. To think there’s not going to be an adjustment so Iraq can enter and be integrated into the International financial system is flat-out silly. But there’s still a lot of people that believe that. That’s ok, it’s not meant for everybody.
Frank26 Article: “The Central Bank’s trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.” That is monstrous. It’s powerful. It’s what we’ve been looking for, the closing of the gap between the black market and the official rate. This is what we seek. This is what we have. Why do you think Trump is going?
Bruce [via WiserNow] Rates have been solid on the screens…and I think that we are in a good position now…excited about it going finally, because it looks like everything is really complete…appears to be done.
Maxis These are the buildings [See image below] around us that are just shells but they started working on them yesterday. QUESTION: How long have they remained Idle? MAXIS: 8 months. I heard today that there is a lot of clean up and construction starting back up because of the Summit starting on the 12th
