jeff

Information keeps stacking up, getting confirming…As long as you understand the critical aspects of the budget, you can have a very good idea of when the rate might change. That’s the secret […]

Parliament is supposed to have two sessions of parliament per week.  This is a normal week.  They have not had one session of parliament so far this week.  What does […]

They cannot tell you they’re going to raise [the Iraqi dinar] above zero.  Look at what Kuwait did.   Kuwait went from $3.50 down to 10 cents and then 3 months […]

Question: “Can the government drag the rate change for a couple more years?”  Jeff:  No…because they’ve already done everything.  They’ve already told you the new government is going to lead Iraq into […]

You’re not going to see the HCL.  The HCL comes after the rate change…It’s part of a package of 150+ laws.  That’s not where I would put my eyes, attention or focus…That’s […]

Tackling corruption is the number one thing they need to go international, revalue and so forth.  It’s the number one requirement by the Central Bank of Iraq.  It’s also the number […]

Community comment: “On the bank side of Forex, $4.81.” Jeff:  I would not set your rate speculations that high.  I would not go above $4.00.  I would stay in the $3 […]

If the budget wasn’t dependent on the rate change, they could have already submitted it.  But because it’s a law and all aspects of that law must exist, such as the […]

The next major critical piece we have to see done before they can revalue is complete the formation of the government and the pending ministers.  That’s the very next thing […]

Question “What are your thoughts on the Venezuela Bolivar?”  I want to see how high their inflation is.  Before you even consider a country, you got to know their inflation levels.  It’s […]

Community comment: “It’s not going to come out 1 to 1.”   Jeff:  I agree with you 1000%. :Jeff 

You have to bring some common sense to this.  They can’t put new denominations of small currency out in the public where they risk the money getting stolen or photographed.  They […]

Question:  “What’s your take on the dong?” I don’t think any other currencies will revalue at this time, only the Iraqi dinar… They manufacture and export.  In order to make the exporting productive, […]

They’re talking more than they ever have about needing to amend a whole bunch of different types of laws.  Why?  Because the rate is about to change… :Jeff 

Question:  “When we exchange our dinars for dollars in the US, where do dollars come from to pay for it?”  It’s not funded.  You’re thinking this is a funded step event […]

I’m speaking for the United States, when you go to exchange your dinar, the bank is automatically going to fill out a form and submit it to the IRS on your behalf.  […]

Things have tremendously, significantly changed since the new government’s been in.  They’re preparing to revalue …Because the new government takes Iraq to the next stage and the next phase. ;Jeff

Banking reforms…is getting talked about and getting ready to be done because the rate is about to change and Iraq is about to go international…Everything in Iraq is waiting for […]

Question: “Do we need pre-existing banking relationship to redeem our currency?”  No you just need your currency.  You go to the bank and exchange.  You don’t need receipts either.  Receipts are […]

They really don’t have anything left to do…There’s a lot of comments like, ‘what’s the delays?  What’s taking so long?’  There is no delays in this other than the Iran war, waiting […]

You’re selling yourself short on 1 to 1.  I’m more of a $3+ to 1 because I believe…this is a reinstatement.  A reinstatement takes it to $3 to 1 not […]

I’ve worked at the Federal Reserve Bank for 5 straight years.  I’ve also done a ton of work in banks.  If [the CBI] put the [lower] notes in banks prior […]

They’re screaming at you from so many different angles that rate is about to change.  It’s not a secret.  All of this information came forward since the new government has […]

Question:  “Do you believe there is such a thing as ‘contract rate’?’ “ I’m not into anything ‘contract rate’.  I don’t care about contract rate.  To me that’s nothing. : […]

Does Iraq have to have a fully completed formed cabinet to change the rate?  Possibly.  It could be perceived as a level of stability in this.  :Jeff 

You have to admit since the new administration came in, the temperature and pressure on the rate change itself and getting the rate change done has tremendously escalated and increased.  That’s […]

Banks have nothing to do with your taxes.  They just exchange foreign currency.  It’s all they do. : Jeff

The budget is dependent on the rate changing.  Why?  Because the budget is calculated off the currency value.  The budget is a law.  In order to approve a law, all aspects […]

Article:  “At the start of the week…a new update on dollar exchange rates in Iraq”  They don’t tell you what the update is.  They don’t tell you what’s changing or […]