Bruce (The Big Call)
[via WiserNow]
...we’re hearing from two or three pretty prominent sources that we should get notified for our exchanges with our 800 numbers…I’m hearing Thursday... We’ve…been told that our exchanges should take place in October, this year, this month, and this week is looking good.
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Mountain Goat
...the CBI is working with the IMF and the US Treasury behind the scenes to orchestrate the redenomination of the currency. It has NOT officially begun…there is a needed law put in place and voted on in parliament to change out the currency…But…they also need a buy-in from the GOI (Finance Committee). I am told this is going to be voted on soon and once it passes we can expect the process to begin…I am told the efforts are still all geared towards a January 2026 reinstatement. We will see what happens.
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MarkZ
[via PDK]
Article:
‘The Central Bank of Iraq develops the structure of external remittances. A crucial step against m**********n and smuggling’
They are cracking down with their financial borders and working on ’EXCHANGE MECHANISMS and LOCATIONS’… we were told this is a step they will do before the revaluation. When the US armed forces leave…then we get paid…our forces are leaving or being redistributed… This is an exciting time.
Comment: I hear Sudani is planning a trip to meet with Trump in Washington DC.
MarkZ: He is planning a trip to Washington DC…I can confirm that.
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Fnu LnuI just saw where Sudani is losing ground and analysts are saying he will not be re-elected and that a reorganizing of the prevailing parties is going on right now. This RV may be even more than 2 years to happen if at all.‘According to its latest World Economic Outlook, real GDP is expected to grow by 0.5 percent this year (up from a fall of 0.2 percent estimated in April), and 3.6 percent next year (vs 1.4 percent previously). Inflation estimates have been reduced from 2.5 percent to 1.5 percent, and from 2.7 percent to 2.5 percent, respectively.’
Now we’re talking. The IMF hasn’t exactly been the harbinger of good news of late but this has teeth and WILL have an effect on the decision to revalue the currency. These numbers are excellent and we need more of the same in the coming year to guarantee a revaluation…This…is a rosy report from the IMF. It is nice to hear that Iraq is making progress and has the support of the IMF.
According to the World Trade Organization, Iraq is slightly over half way through the necessary requirements to reestablish Iraq’s membership with the organization. Almost 70% of requirements have been met.Frank26 (KTFA)
I’m going to say this one more time. Sudani has a limit of days left to pull the trigger. If he does not it will cost him severely and Iraq will be sanctioned in tariffs worse than China…If it is not done before the e*******s it’ll take a long time before it comes. It’ll be a failure…[The] monetary reform is a fail safe because my president is behind it…This blessing is here. It’s being introduced to the Iraqi citizens. That’s all there is to it…If not you’re going to see what Trump is about to do…Trump isn’t playing…Trust me, Trump wants this so bad IMO.
Question:
‘Will we see it on Forex versus any other site.’
No, you’ll see it on the CBI first, then goes to Forex. Forex is waiting for it.
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Clare (KTFA)
Article quote:
‘The Governor of the Central Bank of Iraq, Ali Al-Alaq, said that the third budget ‘included very large expenditures and a high deficit,’ noting that the issue of removing zeros from the dinar may witness developments in the coming period.’
Article:
‘US-Iraq communications resume… and Al-Sudani is on his way to Washington, had it not been for the factional stalemate.’
Quote:
‘Prime Minister Mohammed Shia al-Sudani is likely to visit Washington in the coming days, ahead of the e*******s scheduled for next November.This move…could be considered a painful e*******l blow to his domestic opponents. These expectations are based on what can be described as a return to warmth in Iraqi-American relations after a period of nearly four months of coldness, which finally ended with a phone call between al-Sudani and US Secretary of State Marco Rubio on Tuesday evening.’
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MilitiaMan
Article:
‘CENTRAL BANK OF IRAQ: THE PROJECT TO REMOVE ZEROS FROM THE DINAR IS STILL ONGOING AND IS BEING PLANNED’
This is no coincidence in the timing of this. It is on the Back of the Deputy Governor in Washington. The meetings there were about monetary reforms that aligned with Al-Alaq’s ‘wise policy’ and Al-Sudani’s ‘time frames’…This is not f**e news…The plan is on going and a reveal is to be expected as it is being prepared! There’s a sense of urgency taking place…It’s fascinating because it’s like a rollout type circumstances. They’ve got to tell you what’s happening but they can’t tell you exactly how it’s going to work...There’s going to be a changing coming you guys. There’s going to be a change.Jeff
Iraq is talking to us out of both sides for their mouth, driving us n**s. They’re not going to let that cat out of the bag when they plan to revalue, not even from the angle of clues. Not until very short notice. They’re definitely talking to us out of both sides of their mouth.
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Walkingstick (KTFA)
Remittance 338…will stabilize liquidity flow of money through the central bank and it makes all of their banks stronger. More importantly it gets rid of the parallel market…auctions and it gets rid of using the American dollar inside of Iraq. Donald Trump keeps telling them use your own rate at a plus or minus of 2%. Do not be paired. Do not be pegged to the American dollar because it restricts the IQD’s real effective exchange rate.
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Nader From The Mid East
When you see 167 tons of gold, I can tell you the real number is 190. You’re going to hear about it this week or the beginning of next week. You’re going to see an article about Iraq’s gold gone up between 190 and 200. That’s amazing. If that happen for sure it’s going to be quick with the removal of the zeros. For sure the exchange rate is going to change quick and it’s going to change very strong too. Like I told you before, I’m thinking $3.22.
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Samson (KTFA)
Article:
‘GOVERNMENT PLAN TO ESTABLISH A ‘PRECIOUS METAL’ CITY IN IRAQ …. WHAT IS ITS GOAL.’Source : dinarchronicles
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