Tishwash (TNT)
Article:
‘The Iraqi dinar without zeros: The Central Bank of Iraq launches a historic reform’
Quotes:
‘The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited ‘zero-zero’ project, a massive financial reform that will fundamentally reshape the country’s economy and its standing on the global stage.’;
‘The real shift occurs in the subsequent adjustment of the exchange rate. The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar.’
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MarkZ
[via PDK]
One of my contacts in Iraq says its his belief that right after the e*******s they will pull the trigger. They will have a ‘caretaker government’ and they can’t say that they did it to change e*******s.
Its e******n day in Iraq today. ‘Al Sudani’s advisor precedes results and talks on government formation will begin within two days’ they want us to know that everything went well.
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Frank26 (KTFA)
I advise you to put your seat belts on…Friday Sudani tells the Iraqi citizens I got you. I promised you purchasing power. It’s coming…Then Saturday Alaq, we have no intentions of raising the three zeros. That’s not our plan. Then Sunday…Sudani comes on Channel One and Channel 8 and tell the Iraqi citizens, I got you, we still have the intentions to lift the 3 zeros, to add value and give you purchasing power that I promised you and we’ve already started it and it’s going to be completed in the 4th quarter of 2025…20 minutes later Alaq comes out on the same channel as he says, no, I’m not doing that…[then] Alaq basically gave up, says we officially announced the lifting of the three zeros. I give up…You can see the tennis volleying back and forth between Sudani and Alaq in the articles.
I had expressed to you IMO it was either going to be a simultaneous even, a synchronized event, the rate and the lower notes, but instead it’s turning out to be lower notes then the rate. I find that to be much wiser, there’s better control…I think you needed to show the pictures first of the lower notes and then give the exchange rate because if you give the exchange rate first you [Iraqi citizens] would say to yourselves, ‘What do I do with this.‘ But If you have the lower notes first and then they give you the exchange to add to it, that’s a perfect fit.
[Iraq boots-on-the-ground report]
OMAR: The project to remove the 3-zeros from the Iraqi dinar is still active but will only proceed when conditions are right first with the United States…The exchange rate is still the same, but they’re definitely talking about it constantly to change it.
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MilitiaManI hope you are as excited as I am. We’ve had really powerful information but I want to set the stage too. We’ve been talking about the deletion of the zeros for a long time and Al-Alaq, the central bank governor, has told us he was going to launch a digital dinar. He’s also reiterated the deletion of the zeros project still exists. There’s an awesome article out.
Article:
‘The Iraqi dinar without zeros: The central bank of Iraq launches a historic reform’
Dr. Subhi Jabara. Who is Dr. Subhi Jabara. He’s a professional. His background, he is an Iraqi economist and a financial analyst with over 30 years of experience in banking, monetary policy and economic development.
He holds a PhD from the University of Baghdad and has severed in senior roles including adviser to the Central Bank of Iraq and consultant for international organizations like the IMF, World Bank, the Middle East Financial Reforms. He is known of for his work on currency stabilization and fiscal policy and post-conflict economies. His key positions: former Deputy Governor of the CBI 2004-2006 during the post 2003 currency transition…The bottom line is he’s been around…Current independent economic adviser and frequent contributor to Iraqi media on topics like exchange rates and reserve management…His expertise specializes in real effective exchange rate adjustments. Isn’t that interesting. At this time this is the person that’s talking to us.
Article:
‘The Iraqi dinar without zeros: The central bank of Iraq launches a historic reform’
Dr. Subhi Jabara. This guys with 30 years of experience is reiterating all the things Militia Man and Crew have been talking about…I’m pretty pumped because I feel like I’m being vindicated…
Article quote:
‘The phrase removing the zeros…represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is…redefining how Iraq interacts with the global economy.’
That is very very powerful because it’s defining exactly what they’re going to do…
Quote:
‘The potential shift in the dinar’s value with projections ranging from 3.22 to 4.25 to the dollar.’
That’s big. That’s a ‘previous era’…This doctor with his experience tells me there’s legitimacy to the article…Clare (KTFA)
Article:
‘Preliminary indicators: Al-Sudani leads the results of the special voting in Baghdad’
Quote:
‘Initial indicators from the special counting centers for the special voting in Baghdad… indicated that Prime Minister Mohammed Shia al-Sudani topped the results of the special voting in the capital, Baghdad, within the Reconstruction and Development list participating in the 2025 parliamentary e*******s…the special voting process took place with high smoothness and clear organization in all polling centers’
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Walkingstick (KTFA)
[Update from banking friend Aki]
I sit here with the meetings that are daily. They are working on how much [new notes/coins] to put into the Iraqi market right now. All the RV numbers are being used to calculate how much of this currency and coins to put out into the Iraqi market. It has to be maintained. If not it will hurt our inflation factors and our country’s GDP, economy and many other things. Your Trump is going to de-dollarize the entire Middle East…USA will no longer send USDs to the Middle East.
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Pimpy
Here’s the article every one is loosing their s**t over.
Article:
‘The Iraqi dinar without zeros: The Central Bank of Iraq launches a historic reform’
Usually I come in and p*e on your Wheaties but that’s not the case this time…The crazy thing is…it sounds like they’re going to do this soon. We’re gonna have to be very very alert…because we’re not sure how they’re going to handle overseas currencies. Once Iraq is on Forex does that mean we can then come into the bank.
Quote:
‘This ambitious project aims to rename the Iraqi dinar by removing three zeros from its NOMINAL value…’
So we’re not confused, see the 25,000 on the Iraqi dinar [note]. That is called the nominal value…That has nothing to do with the exchange [rate]… The exchange rate has nothing to do with NOMINAL value. Two different things.
Article quote:
‘The phrase removing zeros…is a recalibration of the currency’s NOMINAL value.’
Quote:
‘1000 Iraq dinar will become a 1 new dinar.’
This is the deletion of the zeros…All they’re doing is removing the zeros. A 1000 Iraqi dinar becomes a 1 Iraqi dinar.
Quote:
‘The real shift occurs in the subsequent adjustment of the exchange rate…Internal studies predicting the floating dinar…could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinar to the dollar.’
This is a prediction…Once it goes to a free float, that doesn’t mean cash your currency right away…We better pay close d**n attention to what the market is determining as the value of the Iraqi dinar. When it gets to a value you are happy with, then you rush down to your bank, hopefully by then there’s no restrictions and you exchange your Iraqi dinar for US dollars…Yes there is a reason to be excited. I know now Iraq is going to first delete the zeros [off the NOMINAL value of a note]. We didn’t want them to do that but they’re saying in this article they’re going to delete the zeros first.Sandy Ingram
I have held off from e******n news but it’s been v*****t. Everything from an assassination to firing s***s at candidates homes and offices, suspicious fires, people arrested. It was bad…We can only hope the Iraqi e*******s result in a positive outcome or the Iraqi people…Whoever is pulling the string, whoever is sitting in the seat of the prime minister and the president, those are the people that will allow progression towards an Iraqi dinar readjustment or revalue or float or whatever it is they’re going to do. That’s why the e******n is so very important who’s pulling the strings because our investment is at the end of those strings.
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Fnu Lnu
Get serious. They don’t want to do the RV because of the perception. It might look like Sudani did it just to get elected. They are not going to do the RV now, after the e******n, nor any time soon, because they are not fiscally prepared, the market conditions are not there, and diversification is in its infancy. Iraq is doing all the right things but we must be sensible…In 1-2 years, they will have the diversity in the economy to reduce the risk of a currency revaluation. That is evidenced by the contracts they are signing, MoU’s that are agreed upon, and the foreign countries who are vying for governmental contracts and making bids.
Source : dinarchronicles
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