MarkZ

[via PDK]

Article:
‘Why is the Arab summit in Baghdad distinct from its predecessors.’

I find these articles interesting. There is so many expectations. Can’t you guys feel it in the air. They keep pointing out that this is different from any other time period. 

Article:
‘Baghdad summit and support for transportation and logistics projects is a strategic pillar for diversifying the national economy.’

A neat article talking about all the investments going on in Iraq and Iraq working on prosperity for its citizens. This is not a country who will keep sitting around with a 1320 value on  their currency. 

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Mountain Goat

Once the parallel market gap is gone and the dollar matches or better (1:1), the CBI official rate of 1320, my contact told me the ‘official’ rate will then revalue. My guess is it will be around 1166ish or better. They might go straight to 1 dinar = $1 dollar even. Was 1166 not the ‘official’ rate of the Dr Shabibi era when in 2012 he announced the Project to Delete the Zeros was targeted for the fall of that year. I think Ali Alaq has a better plan going, better because he can, while in Dr Shabibi era Iraq was still under sanctions.

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Frank26 (KTFA)

[my] I-Team…have a source…who works for the United States Treasury and it was 2 years ago that I-Team’s friend was assigned to the 8th floor of the new CBI building in Baghdad to make sure all the sequential steps of the monetary reform was successful…We now have the RI ready IMO…He stated to I-Team he’s coming home.

Donald Trump is in the Middle East. Do you notice everything in the Middle East is moving at the speed of light.  Where’s the monetary reform of the Iraq dinar.  You don’t think the monetary reform is moving at the speed of  light right now.  Yes IMO…The Middle East wants what Donald Trump is preaching and in the Middle East is the Iraqi dinar.  It also receives security and stability in order for it to bring its head out into the public.

If they decide to release at 1 to 1, it’s instant as quick as light because it’s just a button that  every bank, every exchange center, everybody gets the new rate to be on par with everybody else.

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MilitiaMan

The United States is talking about currency m**********n…When Iraq has a real effective exchange rate, all those trading partners that have…the dinar, are probably going to get an adjustment…If all boats rise with the tide and all those currencies have more value to the United States dollar because they’re adjusted accordingly based on their natural resources, which all those countries have a lot of natural resources, and if they all hold foreign currencies of each other’s currencies, the valuations are going to go up…They’re going to be able to buy more dollars…with less of theirs.  It’s actually a brilliant way of doing things.  That’s why everybody is flocking in [to Iraq].  Because it’s like a lottery for them to some degree.

Fnu Lnu

[Response to Guru Maxis 5-15-2025 post below]

Article:
‘The Chairman of Iraq’s National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, announced the restart of 503 investment projects across the country, as part of a national plan to stimulate the economy.’

Iraq doesn’t need to revalue its currency at this time because they are engaged in the resumption of 500 projects with 855 total on the agenda. 

Clare (KTFA)

Article:
‘Iraq expresses its readiness to contribute to the success of the ongoing negotiations between Iran and the United States.’

Nader From The Mid East

I was checking on Forex and I saw something good.  It happened last year and it happened in this year too…Last year happened a lot, last year it got to .00076 or something.  Wednesday it’s at .0014…

Source : dinarchronicles

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