jeff

Question:  “Do we need receipts from the dinar purchased ?”  For your taxes, you might.  That would be the only reason you need them.  You don’t need it to exchange. :Jeff 

Question:  “Any thoughts on the time-frame we’ll have to exchange currency after the rate revaluation/reinstatement?” Roughly 90 days.  In the past when they phased out the 50 dinar note, they gave […]

Forex is going to have a three day delay.  Forget about Forex.  It means nothing.  Stop taking your Nissan down to the Ford dealership to get fixed please. Jeff

Community Comment:  “The country [of Iraq] doesn’t have OFAC sanctions.”   You’re incorrect…You can’t go to the traditional banks like Wells Fargo and none of them to exchange dinar.  And you know what […]

Question:   “Why is it favorable for Iraq to set the rate above Kuwait?”  It’s not that it’s favorable…You’ve got to study history sometimes.  If historically Iraq’s always been above Kuwait by […]

It cannot be more than a tight narrow managed float…It won’t float when the rate changes because their budgets are calculated off the currency value.  If it had a significant […]

It cannot be more than a tight narrow managed float…It won’t float when the rate changes because their budgets are calculated off the currency value.  If it had a significant […]

Community Comment: “My kids are seriously ashamed of me 🙂” All of our kids are ashamed of us.  It’s just the way it works.  Even some of our spouses laugh at […]

If Iraq was sanction free US banks would be exchanging/trading their currency.  They don’t because [Iraq] is under US sanctions.  So, no they’re not sanction free.  You can easily gauge it […]

The rate change is not waiting for the Clarity Act.  The Clarity Act is waiting for the rate to change.  That’s why the hell it’s taking so long.  :Jeff

You’re going to exchange your currency at a bank, at a currency broker…Banks, brokers, they’re going to be open when the rate changes… :Jeff 

Trump could not do any more than Bill Clinton did.  Remember when Kuwait reinstated, that’s how Bill Clinton came into his surplus of revenue.  That’s the most that Bill Clinton […]

There have been in the past 10 years one or two points where they’ve been close to revaluing but didn’t.  The reason why they couldn’t?  They have too much political instability […]

The only way the United States and Iraq can transition from a military to a new economic partnership is for Iraq to be sovereign, have no restrictions, no sanctions on […]

Article: “Iraqi Prime Minister Zaidi Promises to Complete Cabinet Within Two Weeks”  That means before he comes here.  It means the news is scripted and it means it’s a damn […]

If you’re emotional or you have anxiety this [dinar RV process] is going to kick your ass.  It’s going to get you all stirred up and all pissed off.  I […]

Community comment:   “If the dinar suddenly revalued to $1 or more, Iraqis would become millionaires too, not just foreign holders.”  Redenomination only impacts the citizens in the country, not foreign investors […]

A nation is not fully sovereign while under restrictions and US sanctions.  One of the major files by PM Z when he goes to Washington is sovereignty – No foreign forces […]

Roughly 80% of [Iraq’s] money supply is outside the country.  It’s not tradable.  Can’t be used for a damn thing…The central bank doesn’t give two shits about it.  You know […]

What they’re doing, the lynch pin in this, they’re waiting till we get closer to the rate change date to complete their cabinet formation…  :Jeff 

There’s no “tiers” in this.  I’ve heard people talk about tiers.  That’s a bunch of horse crap.  If there were going to be tiers in this, there would be more than […]

Article:  “Iraq considers a mini-budget”  This is critical.  The rate can only change at a budget period.  Why is that?  Budgets are calculated off currency value…Iraq did not do an annual budget at […]

Question: “Is there a chance the rate can come in higher than $3.22?” I believe it’s going to come around $3.80.  So, yeah, I think it’ll come out slightly above $3.22.  I […]

Article quote:  “It has been officially announced Prime Minister Zaidi will visit Washington on July 15th for important working talks with the US president and administration.  The main item on the […]

The next critical piece we’re looking for is to see when they’re going to do the cabinet because that’s the most important piece of this puzzle right now as far […]

Let’s say you have a 25k note before the rate changes.  A 25k note can buy one bag of groceries.  After the rate changes, a 25 note will buy the same […]

Question: “Do you think they will arrest Maliki?”  No.  He helped write their constitution.   He’s not going anywhere.  He just won’t be a politician again. :Jeff

There’s no way in hell Iraq is going to give any of us clues, tell us the date, none of that.  If anything, when you look at their most common pattern, […]

If you knew when they were going to complete the cabinet because it’ll happen in so, so, so very close proximity to the rate change, we would know when the […]

A couple years ago, back when they put Alaq in, I said the only reason they were putting him in is because his signature is on the new printed smaller […]