MilitiaManWhen they do adjustments to currencies, Central Banks and the powers that be are very tight lipped about it and that’s why we don’t have a specific date and rate.Remember, ‘delete the zeros’ off the currency as just a redenomination by itself without applying a real effective exchange rate is a wash. It’s basically like a reverse split in the stock market. You still have the same value. It’s not that good. But it has a psychological effect. It has ease of use effect. It has components that can have utility. But as far as value is concerned it doesn’t make a difference.
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Mountain Goat
We have to watch this process work it’s way out. We don’t need any knee-j**k reactions …the CBI is keeping the lid on this move. We must be patient and let it all play out. It is time and we have waiting for this event for so long but there are still steps to take to get what we want…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TV has special about Iran voted to approve removal of 4 zeros from their currency the rial…They have two years to prepare for this and then a three year transition phase where both currencies can be used…
FRANK: Their currency is extremely worthless but at least they are moving in the right direction that Donald Trump wants in the sense of playing fair with the American dollar…They want the budget open for a set timeline for the new exchange rate because there is a countdown to establish financial stability…and security…Part of the reason why the delegation is in Washington DC is because of what I’m telling you. We want the budget open. Trump wants the budget open because the numbers are playing fair with the American dollar…We want the budget open for a set timeline for the new exchange rate that has been promised to the Iraqi citizens…
Question:
‘If they lift the zeros, is it true the rate would be $.76 or $1.31. Is there another step after dropping the zeros to bring it to $3.22.’
Frank26: Yeah, it’s called a float. The float will take it to $3.22. I predict it’s going to go past $3.22. It would be an insult to go back to what it was 20 years ago.
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Nader From The Mid EastListen, if they didn’t care about this [RV] and they’re not going to do anything about it, they will not talk about it. They will not mention anything about it if it’s not important.Why a whole government …going to talk about something they’re not going to do anything about it. Would you do that. …Especially when they tell you it’s overrated. When it’s overrated at 3 or 4 to a dollar okay. But this is for 1310.Iranians, I’m sure everybody heard about it already. They’re deleting 3 [4.] zeros from the currencies. That’s correct...Iraq is going to follow…That’s a great thing. It’s not bad…As soon as Iran delete the zeros Iraq is going to follow not even a week later…Pimpy
Realistically in history of redenominations in which a country deleted zeros, it didn’t go quite the way you’re being told with Iraqi dinar. Nobody ever did a hike that high and left the zeros on. Never even once in history… That doesn’t mean Iraq might all of sudden become some special case and they go, ‘Hey…we’re going to leave the zeros on there. We’re going to change the exchange are to $3.22.’ We don’t know. Nobody knows...It usually doesn’t happen that way. I don’t want people to feel discouraged…just be aware that it might not happen the way things are going.
We need the Iraqi dinar go get on the d**n Forex. Once they’re on there, the restrictions will be removed.
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Fnu Lnu
Article:
‘Al-Alaq highlighted that financial and monetary stability has been achieved through daily central bank policies, prudent reserve management, and reforms in the banking sector. He added that controlling inflation and ensuring stable prices provide a critical foundation for private sector activity and investor confidence.’
This is the best, most positive news in a long time. Let us hope this will inspire a reinstatement back to the FOREX International trading platform and then…CA-CHING!!! PAYDAY!
Every time e*******s roll around, instability follows. It is not at all a ‘done deal’ that Sudani will be reelected as he has not followed through with promises of increased buying power for Iraqis. R***s have been narrowly averted at least 4 times that I can recall during his tenure. Hope for the best but expect the worst. IMHO, it is a grave miscalculation to see Malaki still roaming free and causing trouble…
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Maxis
I can’t say a lot but I will tell you that there is a lot of action here with the Iraq military. The US military is moving out… Many containers being put on flatbeds every day. We know that the us would not pull out of here unless they were being paid.Sandy Ingram
Article:
‘US military starts drawing down mission in Iraq’
The Pentagon is pulling military personnel out of Iraq. The word on the street is I**S would be unwise to test the T******************n and have the US troop have to return to Iraq…Yet the news confirms Iran is expanding its shadow operations into Iraq. The United States has given Israel the green light to attack Iraqi militants. We don’t know for sure if Iraqi militants are Iranian citizens or Iraqi citizens. We just know they are Iran backed militants who live and operate in Iraq…I’m worried about Iraq.
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Clare (KTFA)
Article:
‘Iraq leads Arab countries in economic growth forecasts for 2026’
Quote:
‘The World Bank forecast on Tuesday that the Iraqi economy will record the highest growth rate among Arab countries in 2026, at 6.7%, placing it first in the Arab world on the list of economic performances expected to grow next year.’Source : dinarchronicles
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