Bruce (The Big Call)
[via WiserNow]
We have heard two different time frames – both to the back Wall of Monday the 28th of July, this coming Monday. However, one piece of Intel, fair, strong source is saying Wednesday, Thursday, for notifications and exchanges. Another good source is saying Thursday, Friday…I think we’re looking pretty good for you guys to get notifications and exchange starting Thursday…the 24th…we do believe the RV is going to take place here in the next couple days…I’m excited.
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MarkZ
[via PDK]
My gut says we are almost done…so many of my sources are now looking at the week of the 28th. I am hopeful and trying not to get to excited.
The rate has not changed yet. The official rate is still around 1300 to $1 USD. Most of my sources still believe the rate will be around $3.80 to $4.00 We will see.
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Clare (KTFA)
Article:
‘Government advisor: Four reasons behind the decline of the parallel dollar against the strength of the dinar’
Quote:
‘The Prime Minister’s financial advisor, Mazhar Mohammed Saleh…pointed out…the parallel exchange rate’s creep towards the official rate, are due to four main reasons: the complete legal prohibition on the dollarization of domestic transactions…the end of the Central Bank’s window since the beginning of this year…the entry of small importers into the official financing network…’
Article:
‘Kurdistan Finance announces receipt of salaries of the region’s employees for the month of May’
Article:
‘Iraq is approaching Trump’s table and is no longer in the hands of the US Undersecretary of State.’
Quote:
‘An Iraqi expert said that the US Secretary of State’s call today with Prime Minister Mohammed al-Sudani regarding the Popular Mobilization Forces and Kurdistan’s salaries indicates that Iraq is no longer a secondary issue in the hands of the deputy minister or a lower-level official. It is likely to become a clear priority for President Trump himself, following changes affecting the region’s economy, oil, and security.’
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The television is showing they’re putting 68 De La Rue machines in Basra and Mosul. These are supposed to be able to count and sort and pick up counterfeit. This will help the efficiency of our monetary reform and also control those banks that are still against the monetary reform.
FRANK: IMO these machines have the same software that the ATMs have in order to recognize the new monetary future of Iraq.It used to be the Iraqi dinar reform was in the hand of the Iranian politicians and that made me sick to my stomach…The gap between the market rate.
All of the bank stories…have evolved from the very beginning of last year, ‘It’s a scam.’ They’ve evolved to the point of… devastatingly good…
[Reply to bank story with Chase]
They treated you with respect. They didn’t say it was a scam. They told you they’re getting ready. They don’t know when…It’s no secret. Everybody knows, it’s all over the place.Walkingstick (KTFA)
An article is saying that on a daily basis they are moving at least 30 pips, fractional movements, per day of their exchange rate to close the gap between the dollar and the IQD to reach a 1 to 1 that would put them in a position to float internationally in a basket for the REER.
[Iraqi banking friend Aki update]
WALKINGSTICK: Question ’Do you have the new exchange rate.’
AKI: No, I don’t see the new exchange rate yet but my boss has it in Iraq. I will receive it when it’s time for me to get it.
WALKINGSTICK: They’re talking an awful lot about the exchange rate.
AKI: Yes, we talk about it a lot here too. We believe IMO it may come out between $2.00 and $3.00.
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MilitiaManThe Development Road Project is probably going to win the day because they’ve already invested billions of dollars to get this going.
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Fnu Lnu
Article:
‘The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG).’
The HCL gets a few inches closer to the finish line. Positive news for us as many believe the HCL is some sort of lynch-pin for the RV. Personally, I do not subscribe to such a conflation.Sandy Ingram
If BlackRock were to publicly support or encourage Iraq to revalue its currency, the Iraqi dinar, it could have some pretty significant ripple effect…While BlackRock itself doesn’t have any formal authority over a sovereign nation’s currency policy, its global influence as the world’s largest asset manager [$11 trillion] means…such a statement would carry enormous weight in financial markets. Markets would likely interpret BlackRock’s position as a signal that Iraq’s economy is stabilizing or that major investors expect future growth. This could spark a surge in demand for the dinar especially among speculative investors who are hoping to profit from a revaluation…If BlackRock backed a dinar revaluation it wouldn’t directly cause it, but it would likely accelerate the conversation, impact global investor sentiment and put political and economic pressure on Baghdad to act…Source : dinarchronicles
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