MarkZ

[via PDK]

Article:
‘Swift and the Federal Reserve put Iraq at the mercy of the global economy’  this points out that Iraq is now ‘International’

Comment: International requires an RV.

MarkZ: We are waiting for that announcement

Comment: The reason I think all the basket [of currencies]  will go 1 to 1 is because it will lead into the new XRP system 1 to 1 cross border to prove the new system to get everyone else on board.

MarkZ: Even at 1 to 1 I would cash out and be happy…consider what we paid for it. But I think the rates will be higher than that.

We have 47 entrepreneurs and business leaders participating in the select USA investment summit right now. There are a lot of Iraqi business people here in the US. They are cutting deals and building partnerships between the two nations for opportunities, manufacturing and tourism. This is international and prosperity.  If they are going to be international, they need a truly international currency. 

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Mountain Goat

… the rise of the dinar against the dollar continues. Many economists believe that the rate of the dollar will SOON be equal to the ‘official’ CBI rate of the dinar. Does this sound like 1:1 to you.  Let’s break it down. So, if the dollar on the parallel market does reach 1320 that’s 1320:1320, is it not.…Is this not the same as 1:1....’WOW! WOW! WOW!’  Do you see now why I have been placing so much emphasis on this parallel market. Heck, it was not me alone but the CBI too, of course with the efforts from my CBI contact. ‘WOW! WOW! WOW!’…

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Frank26 (KTFA)

We’ve been reading article after article after article telling us the Iraqi dinar has gone up in value…The monetary policy was to remove 1310…It’s not like they’re hiding anything.  Everything they’re saying in these articles leads to the conclusion…you have a monetary policy that has been successful.  You have an exchange rate that you’re controlling against the American dollar. that’s at 1310. That means you’re about to go into a float in order to add value to it aren’t you.  Everything is set up beautifully right now.

[Iraq boots-on-the-ground report]

FIREFLY: IMF did meet with Iraq and Alaq and saying they are backing Iraq.  It’s because of the non-oil…IMF is seeking we have a lot more non-oil revenues now, which is good, required by IMF in case oil drops we have backup.

FRANK: Not only is the IMF impressed but so is the whole world because they know Iraq does not just have oil to back up their exchange rate.  Now the whole world knows they have so much more.  That’s why everybody is pouring into Iraq.  They know exactly what’s happening with the monetary reform.  The IMF is also very giddy and very happy because they are going to give them permission to go ahead and pull the trigger…

What happens if we have security and stability against the banking system in Iraq.  What happens to  your dinar.  It would equal a new exchange rate because that’s the target…Security and stability will bring forth a new exchange rate of the Iraqi dinar but it has to be a specific security and stability precisely from Iraq.  To see what Trump is doing right  now is the supreme example of security and stability.

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MilitiaMan

It sounds like Iraq is definitely taking the international stage by storm.  After the 2 1/2 years or so that Sudani’s been in power has shown the inroads they’ve done, we have never seen before.  This amount of attention that’s coming out is support that Iraq is going to join the global financial system.

The country of Iraq is talking about global output…You’ll be surprised how impactful that’s going to be in the country of Iraq because they’re going to take advantage of inputs and outputs.  They’re filthy rich with  natural resources.  They told us the other day what.  16 trillion in just two rare earths.  16 trillion!  That’s not including oil,  gas, tourism, any of that...The currency is at what.!.!  

Maxis

My locals also stated something that I found interesting, they stated that although all of the modernized Arab countries talk about wanting to help Iraq succeed they really don’t because they are jealous of the resources that Iraq has. It’s the Arab way.

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Pimpy

The Iraqi central bank wants to remove the zeros off the Iraqi dinar.  We spoke about this at least 5 billion times…They’re talking about the removal of the zeros, the deletion of the zeros.  He’s talking about a redenomination…A 1,000 dinar note becomes a 1 dinar note.  Get it.  Deletion of the zeros.  Removing the zeros only affects the nominal value not the actual value. ‘Nominal’ is the way the bank note looks.  So instead of it being 1,000 dinars, it’s a 1 dinar.  That’s the only value that changes.  Not the actual exchange value.  That will remain the same. 

So let’s say they didn’t delete the zeros.  You have a 25,000 dinar note.  Times the current exchange rate .00076 comes out to $19 [25,000 X .00076 = $19].  If they delete the zeros your 25,000 dinar becomes a 25 dinar…You take the 25, now the zeros are going, multiply the exchange rate, which they took the 3 zeros off, which is .76 is still $19 [25 X .76 = $19]…With the zeros, $19.  Without the zeros, $19…..The nominal value will change, but not the actual value…They need to change the old bank notes for the new bank notes…You’re going to exchange your 25,000 dinar straight across for 25.  That’s what’s going to happen…You’re not going to be able to exchange 1,000 for 1,000.

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Fnu Lnu

Iraq HAS NOT completed everything needed for ascension to the WTO. They passed a compliance audit recently which was good news however, The WTO and Iraq have a meeting scheduled for August where they will have a roundtable meeting in August, and discuss Iraq’s progress in the membership process. After that, they will schedule a meeting for the end of Summer to review what the advisory members have to say about the issue of stability and systems updates.

Samson (KTFA)

Article:
‘CENTRAL BANK OF *IRAN* : REMOVING FOUR ZEROS FROM THE NATIONAL CURRENCY IS AT THE HEART OF THE ACTION PLAN FOR THIS YEAR’

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Clare (KTFA)

Article:
‘Ministry of Oil: Iraq is floating on a large and inexhaustible oil and gas reservoir.’

Quote:
‘Iraq is floating on a large oil and gas reservoir from north to south, and it will not be depleted from now on and for a very long time.’

Source : dinarchronicles

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