Mountain Goat
…there is not a lot of meaningful news…to report on the removing of the zeros. Everything seems to be waiting mostly to see the outcome of the Iraqi e*******s. Who will be the next prime minister, his key cabinet members, speaker and president.
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Bruce (The Big Call)
[via WiserNow]
…redemption centers is where the real money is and where the real rates are…compared to the bank, which is low rates, and I already know what they are… and you’re going to come out so much better at the redemption center. It’s not even funny.
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MarkZ
[via PDK]
Iraq is continuing to check off things on the checklist. It is overwhelming all the news coming out of Iraq.
Question: Is there a checklist of things you were told to expect before the RV occurs.
MarkZ: …many things we were told needed to be done have already been completed.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: The certificate of the Central Bank of Iraq they just received is an international IOS 301 certificate. This certificate is a recognition that the CBI has met all the international banking standards. It is a big nod towards their effort in aligning with global best practices and it should boost international confidence in the banking sector of Iraq.
FRANK: I know it was big. I consider it to be a wonderful step in the monetary reform. Like you say, this tells the whole banking world…financial community, especially the Middle East, that now you can trust Iraqi banks…the Iraqi dinar…These are exciting time…We should see the exchange rate before the e*******s. That means we’re looking at about 12 days or less.
Article quote:
‘The banking reforms in Iraq have entered advanced stages. The central bank governor Alaq confirmed…there is a broad response from most banks to join the banking reform in Iraq and he set a date for its final implementation noting the reform process has entered an advanced stage.’
Straight from the horse’s mouth. I’d like to say I’ve been vindicated.
[Iraq boots-on-the-ground report]
OMAR: The 5,000 dinar note you got in the United States will still hold its face value when you exchange it even though Iraq is re-denominating and introducing new lower notes. The existing notes, the higher denomination notes, will be honored at the official exchange rate. So no worries. Your 50K note won’t lose their value.
FRANK: This is the kryptonite conversation about a LOP…Put your seatbelts on this ride is about to get very very exciting. Clare (KTFA)
Article:
‘Central Bank: Banking sector reform in Iraq has entered advanced stages’
Quote:
‘The Central Bank is now working intensively on two plans: the first to reform the government banking sector, and the second to reform private banks, in cooperation with an international company…A meeting was held with all banks, and we explained that this plan is not an option, but rather a path linked to local and international legal, regulatory, financial and digital requirements that cannot be ignored, and there is a strong determination to implement it.’
Article quote:
‘…foreign reserves at their current level are sufficient to cover 18 months of imports. In addition, there is a gold reserve of 167 tons, ranking fourth in the Arab world and thirtieth globally according to the World Gold Council. This constitutes an important part of Iraq’s foreign reserves, recording a significant growth rate of 55% up to the first half of 2025, reaching a value of 22.8 trillion dinars compared to 14.7 trillion dinars in the second half of 2024. The safe investments of these reserves have contributed significantly to the growth of investment portfolios, accompanied by a healthy growth in returns to these portfolios.’
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MilitiaManAlaq…is talking final implementation. There’s no more planning. There’s no more trials. It’s on. It’s ready to go. When he says, ‘within 5 years or sooner,’ that means anytime now…I think it’s their call now…’We’ll show you anytime we choose.’ …What I get from it is it’s not in the US Treasury’s hands anymore. It’s not in the Bank of International Settlements hands anymore. It’s not in the IMF’s hands anymore. Why. Because they probably gave them grace to do it. Now it’s in their choice. You’re ready. You’ve proven you’re ready. When it’s best for you, show it… Effectively it’s Iraq’s call now.
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Sandy IngramFive entities that could be a*****d of holding up the IQD revalue. You decide who’s to blame.
1. The United States because they keep insisting Iraq stop holding hands with Iran…
2. The IMF because Iraq has not yet checked all the boxes for economic stability outside of the oil industry.
3. The CBI because the banking system has not yet fulfilled its obligation to bring the banking system into compliance with the international banking standards.
4. The Iraq government because…they earn in US dollars but they spend in Iraqi dinar.
5. The Iraqi people…because they refuse to put their banknotes or their currency into the bank.
No central bank in the world can revalue a currency or control the flow of currency when they do not have access to the currency. Two of these actors are more serious…the other three could be considered a work in progress.Nader From The Mid East
Sudani never promised before… All what he come out, he said the dinar is stronger than the dollar. All what he said. But he never make the promise. He said it will be stronger but he never gave a date, or before ‘this’ or before ‘that’. No. Source : dinarchronicles
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