Bruce (The Big Call)

[via WiserNow]

President Trump sent our Treasury Secretary Scott Bessent…to Iraq to make sure that they got everything done – the new rate – and everything was ready to go from Iraq’s point of view… he was told…Don’t come back until you believe it’s done. So he’s planning to fly back and be home to the states by noon Saturday…So I’m gonna say likelihood is good for us finally to come to an end of this ride.  We get notified as early as Saturday or Sunday, and then get started to exchange maybe on Monday or Tuesday…That’s where we are right now…that’s what I’m hearing. 

Mountain Goat

I am positive that when the new U.S. Treasury secretary gives a report to President Trump on the reforms accomplished by Iraq under Al-Sudani, that they will finally release this currency from the grasp of the c*****t Washington establishment and finally free Iraq back into a truly sovereign state.

MarkZ

[via PDK]

Article:
‘At Trump’s table: Rafidain Bank faces threats of US sanctions”

This is a new policy to extricate Iran banking influence from Iraq…Trump has Iran in his targets. He wants all Iran’s influences removed from Iraq.

Article:
‘Advisor to the US President: Trump is in the process of putting an end to Iranian influence in the middle east.”

There seems to be a solid push to remove Iran.

I do have some Wealth managers/Redemption Center contacts at work today. I hope to hear…Was it wealth management related or currency exchange related.

They are kicking off the big expo in Iraq today – the 48th session of the Investment, development, prosperity Baghdad international fair...Happening today. Many are attending from out of the country including 1,000 from the US… This will be a very big international fair for them.

Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Iraq parliament just said they are going pass the budget law amendments this coming Sunday…

FRANK: IMO it really looks like all the laws are about to be passed based on what you’ve been sending me.  It really looks like the budget is about to be exposed, maybe Sunday. I don’t know.  It really looks like the new exchange rate is about to be introduced…Sunday might be very explosive.  We may need a few days after Sunday, I don’t know.

FIREFLY: Mr. Sammy says…we see Germany, France, Egypt they’re all saying to us, ‘just do it.’ And ones [investors that arrived] today all praising Iraq saying we are stable and we want to do business with Iraq.  Even Kuwait who has the strongest currency in the world is now coming in and supporting us…It’s looking pretty good.

FRANK: Kuwait holds the most powerful currency in the Middle East but we see the whole world running to Iraq, not Kuwait.  …They know the potential of the float of your currency on an international level is going to be insane.  Iraq is the prettiest girl in town and everyone wants to kiss her.

MilitiaMan

We find out they had 300 businessmen with expertise yesterday, you have 1000 companies coming in tomorrow, you have the 12-2 C for the general budget on the table for Sunday and you have celebrations with TV screens on the streets, in homes and on news websites.  I don’t know if you guys see what I see but I don’t think there’s any coincidences in all the information…but we’re going to watch and see because you never know what happens…I don’t think anybody has ever seen what we’re seeing today…I’m pretty excited about it just as you should be!

They haven’t pumped oil out of Kurdistan yet and they haven’t finished the unification of salaries yet…Those two items along with others will be a key component that to me need an Real Effective Exchange Rate.  That’s why they’ve been hiding 12-2 C [of the new budget amendment]. 

Clare (KTFA)

Article:
‘Today.. Launching of the 48th session of the Baghdad International Fair with the participation of 20 countries”

Quote:
‘The 48th session of the Baghdad International Fair opens Today, Saturday,  with the participation of 20 countries and more than 1,000 local and international companies…This year will be different from previous editions in terms of the diversity of economic, cultural, and artistic activities.”

Article:
‘A site that suggests that the Iraqi per capita share of GDP will increase”

Quote:
‘The German website Statista…the Iraqi per capita share of the gross domestic product will reach six thousand dollars annually in the year 2025…the Iraqi per capita share of the gross domestic product will continue to rise between 2025 and 2029 by 971 US dollars, equivalent to 13.93%.  He added that ‘per capita GDP will rise for the sixth consecutive year to reach $6,971 in 2029.”

Jeff

Question:
‘How long should we wait to go to the bank if we are not needing money ASAP. In other words do you think it will start floating fairly quickly or will it take some time.”

This will be a managed float, which means it can only change plus or minus 10% per day…When the rate changes it’ll come out somewhere around the $3.80 range.  That’s my opinion.  I don’t think it’s going to go over $4 until going into the 2025 budget period…I think it’s going to stay below $4 during our 90-day window to exchange.  I wouldn’t worry about time waiting for it to float…   Get it exchanged.  Don’t wait for this to go up in value because I don’t think you’re going to have that opportunity or time frame.

Source : dinarchronicles

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