Mountain Goat

…an article from 2024:
‘AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR, AND THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA’

Now why would the CBI tell us this if they were not still planning the project and thus are telling us they could do it anytime such as using the words ‘constantly reviewing’…just how far must the reforms go in order to move ahead with this project. Remember that back in 2012, when under Dr Shabibi they did not have all these reforms in place, yet he was given the green light to go ahead.Now Iraq is in a much, much better banking and financial position than in 2012. So, using our common sense we can see how close we are to this event.

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MarkZ

[via PDK]

Question: Is it true the Kuwait dinar revalued to $9 after it revalued.

MarkZ: Some I know said it went as high as $9.88. But that was very briefly – for only a few hours or so as they added it to the basket. It was there and gone quickly…. It is my understanding that after the experience with Kuwait…Iraq is doing a fixed float and the Iraqi dinar will not be allowed to float like that…they are going to peg it or fix it so there is not that large of rate swing. 

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Frank26 (KTFA)

Maliki’s house is being surrounded/secured right now…Why don’t we have the new exchange rate.  Because Maliki’s people, the Framework Party…are against what Donald Trump wants to do.  They know very well what Sudani wants.  He wants the purchasing value to come to the Iraqi citizens but it has to come the proper way.  And it had to come through the United States Treasury.  It’s that simple.

[Iraq boots-on-the-ground report]

FIREFLY: Mr. Sammy says…They say soon the parallel market price will come to match the official CBI rate.  That’s how it’s going to be fixed.  However I still believe somewhere around 1390 to maybe 1350 or 1340 that will be close that they will roll out the new rate.

FRANK: This is so close.  It’s like your breath to your lungs.

Forex just put the Iraqi dinar on the international trading platform.  It’s not live or active yet but it’s in position!

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Samson (KTFA)

Article:
‘A government advisor told Al-Ghad Press: The dollar is declining against the strength of the dinar by 16%.’

MilitiaMan

Article:
‘The Central Bank: Our measures contributed to lowering the exchange rate, and the decline is not temporary’

Iraq is clearly showing that interlinking into the international financial system is taking place and the Central Banks is now in the final stages. Let’s keep in mind the importance…of what is taking place is indirectly and directly necessary for a revaluation of Iraq’s currency. It takes all of what is taking place, in cooperation and coordination from stakeholders with their support, with regional and international partners support as well. We have witnessed all of the afore. Powerful times!

The Central Bank of Iraq…the powers that be, only show us what they want us to see.  They’re not going to give us the specific date and they’re not going to tell us how much.  They’re just going to show us.  That’s my view. 

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Clare (KTFA)

Article:
‘A government advisor told Al-Ghad Press: The dollar is declining against the strength of the dinar by 16%.’

Quote:
‘The dollar in the parallel market is witnessing a downward trend against the strength of the Iraqi dinar, with a downward change rate of about 16% since the beginning of the first quarter, and this has been continuous and gradual.  The reasons for the dollar’s decline have become very clear, led by the change in the foreign exchange policy adopted by the Central Bank of Iraq…’

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Walkingstick (KTFA)

If the American dollar is $1 and it if it’s paired to the Iraqi dinar that means the Iraq dinar is $1.  That is called a nominal value.  That is what every country seeks.  In this case it’s also seeking a REER – real effective exchange rate.  That’s because it’s reaching a nominal value. 

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Bruce (The Big Call)

[via WiserNow]

We’re getting close…we have information saying that the new Dong rate will be coming up on the redemption center screens either [Friday] or Saturday…That’s really good. 

Source : dinarchronicles

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