MarkZ
Question: Supposedly CBI Alak said rate of 1310 exists through December 30/31. Have you heard the same. Does this mean we wait until then.
MarkZ: Nobody knows the timing but Alak has mentioned for some reason that date and the rate a lot. There is a lot coming together in Iraq on New Year’s Eve. Does not mean it cannot go before then.
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Mountain Goat
So, the U.S. ambassador is now in Iraq and the U.S. president’s envoy Savoy is due to arrive soon. What will they talk about.…it is going to be about the demands of the U.S. for security concerns with the Iranian backed militias still stationed in Iraq. The message is still the same – get them the hell out of Iraq!
Article:
‘WASHINGTON CALLS ON BAGHDAD TO DISMANTLE ‘IRANIAN MILITIAS’ AND AFFIRMS ITS COMMITMENT TO WORKING WITH IRAQ’
…the Iranian militias are a problem and must be dealt with. However do they need to do all this ‘dismantling’ prior to the reinstatement or just have a solid, agreed upon plan in place. All we can do is pray that this is the case of having a plan in place, committed to and then let the RV go.
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Frank26 (KTFA)
CBI’s Alaq comes out on Iraqi television Channel One Iraqi News and he tells the Iraqi citizens we are introducing a multiple exchange rate. Now, before you lose it and say, ‘That’s not possible. You can’t have two exchange rates.’ I understand. You cannot. There’s only one exchange rate in the country of Iraq which is going to be 1 to 1 when it’s all over and done with. Now, the reason Iraq is doing this multiple exchange rate is because it is allowing them to transition from a fixed rate (1320) to a float outside of the borders of Iraq. Multi-rates are for countries that have low exchange rates like the Iraqi dinar…Outside, supply and demand will drive the value up.The Gazette dated December 1, 2025, the CBI governor himself discussed the potential rate change…It’s not so much a step-by-step instructions on how to exchange the currency you Iraqi citizens. It’s more, ‘hey, we’re doing this. Hey, you got to do some things. Hey, we have details for you.’ That’s what Alaq is doing. He’s putting all this information in the gazette for the citizens to see.In this month of December, many currencies are preparing for the beginning of next year to change their value. This is my very strong opinion…The Iraq dinar is the lynch pin. It is the number one currency for all the other global currencies to reset.
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Sandy IngramThe US government has built the largest consulate in the world in Northern Iraq. This is important because…this tells me we are getting closer and closer to being able to visit Iraq.Walkingstick (KTFA)
Inside of the country of Iraq there’s a fixed rate that is being established to allow the Iraqi dinar to be 1 to 1 on par with the American dollar. Not pegged, but on on par. All of this is in country, inside of the borders of Iraq…The dinar is about to go into a float in the world markets outside of Iraq. It is the people outside of Iraq that will cause the supply and demand…That means it’s going to go up in value, let’s say $3.22. But if they start at $3.22 then they may cap it at $4.25 the way they said…This is multiple exchange rates!
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Clare (KTFA)
Article:
‘Saleh: Economic diplomacy opens up prospects for diversifying the Iraqi economy and strengthens its position in global markets’
Quote:
‘The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Tuesday that economic diplomacy has opened up broad horizons for diversifying the Iraqi economy…These are steps that will enhance Iraq’s international position, reduce the fragility of its rentier structure, and build a diversified economy that is more capable of facing economic fluctuations in the world.’
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MilitiaManInvestors are going to see the emerging market aspect of Iraq is a no-brainer especially with the largest financial institutions…energy companies in the world there. I think markets see growth and when they see growth they get FOMO, fear of missing out. Timing of this could very well be in Iraq’s best interest because it’s going to have a very big…positive impact especially if they get this done by the end of the year. It’s probably going to make the market really happy.
PimpyWhen I tell you there’s a difference between ‘nominal value’ I’m just talking about the way the bank notes look. It’s what the government says that piece of paper is worth. That’s what the nominal value is. There’s a difference between the nominal value and the exchange rate. Don’t confuse the two.
Source : dinarchronicles
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