Bruce (The Big Call)

[via WiserNow]

We should get, our notifications, I believe in the next day or two…We start on Thursday. That’s possible…This is one of these I have to wait and see.

Mountain Goat

Article:
‘GOVERNMENT ADVISOR: ASYCUDA SYSTEM IS A VITAL TOOL FOR DEVELOPING CUSTOMS WORK AND BOOSTING INTERNATIONAL TRADE’

…’WOW!’… This is another article about these future non-oil revenues...The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, reviewed on Sunday, the importance of adopting the ASYCUDA system in customs administration, noting that it reduces delays at ports and boosts international trade…Remember again that this system needs a link to FOREX currency exchange to get the most current, UpToDate rate of currencies in order to calculate the fees. They cannot ‘fully’ implement it without this tie in.

MarkZ

[via PDK]

‘Iraqi delegation signs memorandum of understanding in London’

This again makes Iraq going ‘International’.

Question: Do you feel like everything is done in Iraq and we are simply on the ferris wheel.

MarkZ: I believe we have crossed the finish line and are just waiting for the announcement in the winners circle!

Question: It supposedly was on Forex at $4.19. However, when I went back to look at it again, I couldn’t find it. Did anyone else see it.

MarkZ: Most of the rates we are seeing on the IQD now is close to $4 bucks. I still believe the dong will be in the low $2 range… We won’t know for certain until we are at the banks.  

Frank26 (KTFA)

For many years Wells Fargo kept telling you it’s a scam.  Chase – It’s a scam.  Why do you think they don’t tell you it’s a scam anymore.  …They saw it as a currency on the OFACs list.  They saw it as a currency that was of no value.  They saw it as a currency from a country that was at war so they told you it was a scam…

The HCL, like the budget, those two things will expose the new exchange rate…The HCL and the budget will be the first indicator of the new exchange rate IMO.

I’m extremely excited because that 3rd reading [of the budget amendment] is basically guaranteed.  Why would I say such a thing.  Because if they don’t do the 3rd reading, 15 days later the budget is exposed…It exposes everything and once it does, then you got to figure out float or basket…

Fnu Lnu

The budget has been passed. It was read long ago. All they are doing is reading the amendment…therefore there is no need to read the budget again…There is no significance to them NOT reading the entire budget because it isn’t on the table. ONLY the amendment to the budget is on the table which is why they read it twice…This is not a noteworthy event…It is business as usual…as it should be!

Clare (KTFA)

Article:
‘Iraqi Parliament Responds to US State Department: Your Interference in Budget is Unacceptable’

Quote:
‘On Wednesday, the US State Department urged the Iraqi parliament to expedite the passage of Iraq’s federal budget. ‘We have worked with the federal government of Iraq and the Kurdistan Regional Government to reach a permanent budget agreement...’ State Department spokesman Matthew Miller said in a press briefing at the department…The Foreign Relations Committee in the Iraqi Parliament responded, on Thursday, to the US State Department’s statements… ‘The statements of the US State Department are unacceptable‘

Article:
‘In London.. Iraq signs new memoranda of understanding with British companies in various fields’

Quote:
‘In the British capital, London, a ceremony was held to sign a number of memoranda of understanding between the Iraqi public and private sectors and a number of British companies and institutions, in a number of fields, in the presence of the Deputy Prime Ministers’

MilitiaMan

Article quote:
‘The Central Bank Tower project in Baghdad and the Grand Faw Port is Basra among the list of the most prominent mega projects in the world for the year 2025.’

I don’t know about you guys but that’s pretty big…Anybody out there has a fresh new picture of the Central Bank of Iraq from a distance so you can see that the cranes are down and all that. That’ll be pretty exciting for me…

I don’t have to be the first person when the dinar goes.  That’s fine.  When it goes I’m going to be a happy happy man.  I’ll be a happy family too.  There’s going to be a bright future. 

Pimpy

The Grand Faw Port is really important to Iraq. This will allow them to be able to do a lot of trade globally. The ships will just pull right into this port and you’ll have a lot of goods coming in and out right at this section of Iraq. This is awesome.  The Development Road is really big that allows a mass transportation. They have a railroad that’s going to be made right next to it.  The same thing, great for global business. You’ll have a train that’s able to deliver the goods wherever need be there in Iraq.  Things are looking up for Iraq. This is great for business…These things will help expand Iraq internationally and help strengthen the Iraqi dinar.  Eventually it’ll get stronger over time and you’ll see the value of the Iraqi dinar increase against the U.S. dollar.

Jeff

PM Sudani went to the UK Britain to put together a massive trade MOU agreement worth billions of dollars, a very large trade agreement.  It definitely will require the rate change in order to implement that.  

, The latest video will be shown earlier at the official website theusmilitarynews.com ,

MarkZ

[via PDK]

Article:
‘Coordination Framework: Soon we will vote on amending the budget law’

We already had the first 2 readings. This will solve the oil dispute between Baghdad and Erbil. We have seen major progress in the last couple of days. …With the budget is a rate potential.

Question: [Someone] said dinar is showing at $4.19 on forex…Is this true.

MarkZ: For moments it popped to that and boy did I have a lot of excited folks. It wasn’t there this morning so I believe they are testing. There are many who think that may be the international or ‘Street Rate’.

Mountain Goat

Article:
‘IT CAN BECOME A MAJOR SOURCE OF INCOME IN THE ECONOMY…AL-SUDANI DIRECTS THE MATURATION OF TOURISM PROJECTS’

…we can see that Al-Sudani is taking on this non-oil revenue sector seriously and will exploit it to overcome the rentier economy (oil based economy) of Iraq. Now you add this to the other non-oil sources of revenues and you have a booming economy for Iraq. WOW! WOW! WOW!…They will soon be filthy rich with little to no debt. They are backing their currency with GOLD too. Oh…their dinar is at what price. A 1/6 of a penny.  Really.

Frank26 (KTFA)

Article:
‘House of Representative completes the second reading of the draft amendment to the budget law.’

Is that the second reading to the budget.  It’s actually the 2nd reading to a draft of the amendment of the budget…They didn’t read the whole budget.  They only read the part they amended, [read] for the second time…That law IMO is all that’s needed.  You don’t have to read it, 15 days later it become law.

Question: ‘Is this one still legal.  The 50K [note].’

Frank26: The 50 dinar note is not legal.  Everything else is okie dokie.  The 50,000 note is extremely legal.  There’s even a 100,000 note that will be legal but that will only be used by the Central Bank of Iraq and the GOI.

Security, Stability, those are the two words that is the formula in order for us to have a new  exchange rate.  The CBI floor must be so clean you could eat off of it.  The politicians must not have the ability to steal from  the auctions anymore…Do they have that ability. No.  Are the auctions there. No, all gone…Everything looks good.  So what do we need. …The exchange rate.  Where’s the exchange rate.  In the budget.  

MilitiaMan

One of the last things they do…before they go international, is to have their banks restructured or really close to being completed.  That’s their focus…That’s part of the process and we’re seeing that…It surely looks really powerful.

A lot of people [skeptically/sarcastically] say, well Sudani said the dinar is going to be  stronger than the dollar.  That’s probably going to be true 100%…He warned the citizens…He didn’t give a time frame he just  said it’s going to be [stronger than the dollar]...  

Clare (KTFA)

Article:
‘Parliament postpones its session due to political blocs boycotting the sessions’

Quote:
‘The House of Representatives failed, on Wednesday, once again to hold its regular session due to the boycott of most political blocs of the sessions’

Article:
‘Saleh: Iraq ranks first in the world in the concentration of natural resources’

Quote:
‘The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed…that the country’s future will depend on transforming natural resources into productive capital assets, while he indicated that the natural resources renaissance project will come in parallel with the development path strategy’ 

Jeff

The government and parliament finished everything they needed to towards revaluing the currency bank as of September 28th. That was their last productive real session of parliament. That’s why to you as the investor, Iraq’s not getting anything done. They’re not doing anything because they already finished everything. What they’re doing is, Iraq has a scheduled rate change date. They are working around that date waiting for it to come forward…

Nader From The Mid East

I tell you about three things.  Trade, private sector, which it’s now very very good…You’re going to see a lot of thing about the private sector how good it become and how good they invest into it and the third thing it’s Forex.  These three things you have to watch…

Samson (KTFA)

Article 1:
‘Britain: Trade volume with Iraq will increase tenfold’

Article 2:
‘Al-Sudani  announces that he will sign a strategic security agreement with Britain’ 

Source : dinarchronicles

Thank you for donating to our website. 

Here are the best selling products on Dinarreport.com

Disclaimer