MarkZ
[via PDK]
Article:
‘Central Bank Governor: The exchange rate is fixed and will not change. And we continue to pump dollars’
There has been pressure to decrease the exchange rate and not increase it. And to do away with auctions as they are now doing it. They [CBI and banks] have been using US dollars to buy dinar off the streets and use it [the US dollar] for international trade. This is a great way for them to decrease the dinar in circulation. It is allowing them to clean up their currency.Why would they clean up their currency.To increase the rate.
still no solid bond news. When I tell you it’s quiet – It’s quiet.We were told long ago that when we got close to currency and bonds…we would see quiet and the world look like it was coming unglued…. That’s what we are seeing. I hope that means we are there.
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Mountain Goat
Article:
‘FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!’
In this news we learn that The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars….When I learned of this news I said WOW! WOW! and WOW!. The CBI finally did it! …The CBI is essentially creating the change over from the dollar to the dinar in payments now even to outside companies. Remember the national currency of Iraq is the dinar not dollars and the dollars have been the problem all along as these dollars get into the parallel market and shift the market to influence the price of the dinar…How can the CBI ever get control of the official rate of the dinar unless they end these holes to which the dollar was passing through to the black market. So, along with the full implementation of the ASYCUDA system we see two major moves to sew up the parallel market.
Economic expert Nabil al-Marsoumi stated in a tweet that ‘more than 200 Iraqi companies contracted with oil licensing companies, employing over 50,000 Iraqi workers, are threatened with significant financial losses and layoffs due to the Central Bank’s directive to disburse their payments in dinars at the official rate—even though their contracts and expenses are denominated in dollars.’
Can this also mean that a reinstatement of the dinar is coming soon. Could this be the motive too for the CBI making this move now…if the dinar does go international this problem with the contractors will just go away.
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JeffThe news…is suggestive the formation of the new government is going to take [Iraq] into the international world, get them onto the next stage, next phase. That’s why this government formation is the most important e*******s they’ve ever had going back to 2003.
What makes the most sense right now is for them to change the rate the second half of February giving them 30 days of March to finish everything [that needs to be done] after the rate has changed so they could have the budget ready to implement…April 1st like they traditionally do.
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MilitiaMan
Article quote:
‘The ASYCUDA system is not merely a technical application; it is a necessary transitional phase from a rentier economy [Oil based only] to an institutionalized economy, and from customs chaos to a comprehensive regulatory framework’
That is the piece that should make everyone smile! …This is a very telling article. It shows that Iraq is going from a rentier economy to a market economy [non-oil revenue]. That simple. That will include Iraq’s established REER [Real Effective Exchange Rate]. I am looking forward to their new era to arrive!
Frank26 (KTFA)
Article:
‘Trade Bank of Iraq: Plan to increase the number of branches to 70’
Quote:
‘The bank is currently working on opening branches outside Iraq, including in Saudi Arabia, Abu Dhabi, and the United States. The opening of branches in England and Brazil is pending approval…’
‘Private banks’, that’s where I’m going to be able to go in and exchange my Iraqi dinar, along with American banks. It’s very brilliant for Iraq to release 70 new trade banks all around the world. It turns out it’s [these banks’] responsibility to bring back the three zeros. No other bank.
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Fnu Lnu
[Response to Guru Jeff’s 1-9-2026 post]
Each week there are no less than a dozen announcements of new start-ups, foreign investments, foreign contracts on infrastructure, and foreign accommodations for the tourist trade. Ports have been developed by the Chinese. Germans are investing in energy and electricity distribution and the list could go on all day. The ability to trade with foreign countries IS NOT inhibited by a currency that isn’t on a foreign trading platform. There are a dozen countries that actually trade on FOREX yet maintain devalued currencies. Yet, somehow they are a manufacturing, assembly, and trading powerhouse….The RV is not imminent because there is no pressing need.
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Sandy Ingram
[Our] advice is to hold on to your Iraqi dinars. Do not speak of them. Do not argue with people about the clarity or the value of the Iraqi dinar. As long as 43 million people and an entire government is using the currency that we hold in our hands, we have have a chance… Walkingstick (KTFA)
The thing that Trump wants, we want to get paid back. It looks like we’re going to get paid back as soon as this clicks. We are pouring into Iraq in every way, shape or form. We are going to invest heavily in Iraq. Trump wants Iraq’s minerals and oils. He wants payback. But none of this will for us until legally it is in country, Aki will tell us. Source : dinarchronicles
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