jeff

Prove me wrong – I need you to show me on any major US news, not Reuters, that Zaidi traveled here today or show me his schedule that he came […]

They’re saving the most important piece for last.  Completing the cabinet after his return from Washington because that’s the lynch pin.  That’s what takes Iraq to the next stage, next phase…Iraq […]

We at the civilian level will have 90-days to exchange.  Countries, central banks, will not have to adhere to the 90-days.  Don’t confuse central banks with you and I at the […]

IMO I think Z’s going to DC the week of July 19th, not next week.  I think he’s going there after the rate has changed…I think they will complete his […]

Question: “Are there any other currencies that are going to go?”  Jeff:  I don’t believe any other currencies are going to go but that’s my opinion and I respect there’s many other […]

They said the new government would take Iraq to the next stage.  That means the completed government with completed cabinet would take Iraq into the International world…They’re saving the cabinet […]

PMZ’s trip to DC…we have three different time frames being mentioned.  The Majority of the articles have suggested mid-July…A couple have said July 15th, a couple have said July 17th…I don’t […]

Question: “Are you going to exchange all your dinars at the same bank?  Multiple?”   If my bank  removes all my back-end fees and they already told me they would, I’m […]

Anyone who’s a smart analytical thinker would be able to use the cabinet completion date to help them identify when the rate is going to change…That’s the reason the cabinet date […]

You got to take the time to choose things wisely, where we go in for exchanges…A lot of banks might keep a 1% amount off the top.  That’s a question you […]

Community Comment: “When the PM goes to Washington this Wednesday…”    No the PM is not going to Washington this Wednesday.  He’s going there on the 15th.  :Jeff 

Question: “Why do you feel the rate has to change before Prime Minister Zaidi meets with DJT?”  He’s going there with 100 businessmen for business.  You can’t go there with business […]

I wouldn’t worry about referencing Forex [with the bank when the rate change happens].  Just call your bank and ask them when they’ll be ready.  They’ll be ready roughly 3 days […]

The only ways [Iraqi] citizens can get rich from this is to physically have held and retained their dinar cash, meaning they cannot deposit it into a bank account.  Any citizens […]

They’re not doing the cabinet on the 5th …The parliament scheduled for the 5th, they’re voting on roughly three or four new laws, not the cabinet.Jeff 

Shortly before Kuwait reinstated, they put out articles saying, ‘We have no intentions of increasing our exchange rate.‘  And then shortly after putting those articles out, they actually did… : 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 […]