Mountain Goat…remember that when I use the term ‘RV’ I am referring to the process. The process is to remove the zeros, watch for inflation and then move to FOREX at the nominal rate reflecting the true dinar rate based on asset evaluation and their economic growth. I feel with where they are right now they should have already gone to FOREX. But they have not because of all the c********n. By taking the time to clean most of it up and then to progress their economy into a diversified economy, they will be able to support an even higher rate for us…By waiting it only serves us investors too.
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MarkZ
[via PDK]
Comment: It appears We will go after the e******n or maybe the first of the year of 2026.
MarkZ: I do have one Iraqi contact who said he believes the reason we have not seen the RV yet is because of ’perception’... They don’t want it to appear that the RV affects the politics. He said its his thoughts that it would make sense to wait until the day of or right after the e*******s so no one can claim Sudani did it just to get elected.
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Frank26 (KTFA)
They are using the history of the Kuwait revaluation from the 1990’s. They don’t want to repeat a Kuwait syndrome. They don’t want Iraq to make the same mistake and come out like gang busters with a high rate like Kuwait did because it affected Kuwait’s inflationary factors, their GDP, their jobs, let alone the confidence that was being established in their new rate and their banks. Talk about a shock. The release of their exchange rate was too high and it was undisciplined. It was not controlled. It was not managed. [Iraq’s] reinstatement learned from Kuwait’s mistakes…
[Iraq boots-on-the-ground report]
FIREFLY: Sudani didn’t say anything yet official but they sure are talking about the rate. They first talked to us about lifting of the three zeros, now they’re talking about the rate itself and the opportunities that we have with this new exchange rate to give us purchasing power.
As far as it popping up all of a sudden, I have always been of the school of thought that around 4 a.m. in the morning eastern standard time when I am asleep in America they will make the announcement to you Iraqis and when I wake up there will be a big surprise for me and the whole world…There will be no fanfare. There will be no pomp and circumstances. There won’t be anybody except the news that will be in shock talking about it…and at that time we can tell them, ‘We freaking told you so…’.
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MilitiaMan
Article:
‘Iraq’s gold reserves are approaching the 171 ton mark’
Why is that important. Because since January of 2025 they’ve added 8.2 ton of gold over a 4 month period through July to November. From January they got to somewhere around 162 ton and they went up to 170.9. That’s big…Iraq came in 4th in the Arab world after Saudi Arabia, Lebanon and Algeria with the largest gold reserves.Samson (KTFA)
Article:
‘IRAQ’S GOLD RESERVES ARE APPROACHING THE 171-TON MARK’
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Sandy IngramIraq’s e******n will be held this Tuesday November the 11th. Iraq is now officially in a mandatory e******n silence period…The reason this is so important is Iraq’s last e******n in 2021 caused violet clashes in Baghdad and led to nearly a year of political deadlock before a was even formed…
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PimpyThe hard part of everything that’s been going on with Iraq is coming up. We have e*******s on November 11th and Al-Sudani is already making his pitch to be prime minister for a second time. Whether or not he gets it remains to be seen…To my surprise, Al-Sudani has done a magnificent job as the prime minister…so much so that he p****d off the very people that helped put him into power, the coordinated framework. We’re talking about Maliki and them. They want him to do things a certain way to keep things corrupted. And he’s not. He’s actually in there fighting for the Iraqi people. When Maliki is attacking you and trying to get you removed from your position they you know you’re doing something right…What you don’t want to see is the issue that we had before Al-Sudani became the prime minister in which a whole year went by before they picked a new prime minister because of all the bickering and infighting within Iraq…Fnu Lnu
Question:
‘When does our real RV nominal rate come out.’
This is my take…There will be no float and no IMF basket. Nothing supports this theory. The Dinar will likely come out at a reasonable fixed rate, sovereign currency, standing alone…Iraq is not in a position to bolster all the other inferior currencies nor would they want to. Thus, NO BASKET! The ‘Project to Delete the Zeros’ is nothing more than paper work, accounting, and swapping out currencies and should not be massaged into something larger than it is…A currency does not have to be in a basket to belong to the WTO nor…to be traded on FOREX. The Dinar will be the star of its own show and this came from an International law firm deeply involved in this entire situation…They, like the IMF, do not see any of this transpiring sooner than 1-2 years, possibly longer.
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Clare (KTFA)
Article:
‘Iraq’s foreign currency reserves rise by more than three billion dollars’
Quote:
‘The Central Bank announced on Saturday …foreign reserves at the Central Bank until the 30th of September of this year amounted to $98.155 billion, equivalent to 127.601 trillion Iraqi dinars, an increase of $3.514 billion compared to August’Source : dinarchronicles
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