2-4-2022 Newshound/Intel Guru Mnt Goat …prior to 1990 they [Iraq] were a rentier oil economy and pumped only 1/3 of the oil… They also did not have the agricultural lands developed and certainly did not have the gold reserves or the high CBI reserves. They also did not have an offer for to join the “silk road” from China and become a major player in the world’s international economy, serving the entire middle east too. However the Iraqi dinar had a rate of around US $3 on FOREX back then…
2-4-2022 Intel Guru RayRen98 Article: “The Federal Court rejects the appeal of the coordination framework regarding the largest parliamentary bloc.” [What does this mean to us] IT MEANS THAT SADR CAN NOW MOVE FORWARD WITH HIS PLAN UNINHIBITED.
2-3-2022 Intel Guru MarkZ [via PDK] I had a couple conversation with contacts in Iraq throughout the day today . Article out today of the CBI saying “No change in the dollar exchange rate-the CBI affirms”. Keep in mind the same type of article came out in Kuwait the same day they changed the value of their currency…The day they changed the rates in Kuwait…they said they are not going to change the rate and a couple hours later….they changed it. Looks like Iraq may take a page out of Kuwait’s play book.
2-3-2022 Intel Guru Frank26 The line item in this budget IMO has a new exchange rate and that’s why they need the laws to pass it. If it was not a new exchange rate they wouldn’t be passing the laws to open it.
2-3-2022 Newshound/Intel Guru Mnt Goat Articles: “AL-ZAMILI: WE SEEK TO LEGISLATE A LAW GRANTING A PERCENTAGE OF OIL IMPORTS TO CITIZENS”; “A DEPUTY PROPOSES DISTRIBUTING THE DOLLAR PRICE DIFFERENCE FUNDS TO THE IRAQIS” Two articles on this topic this period of excess oil revenue sharing to the people. Are they really going to do this? …they can not do this under the program rate. This would be suicide if they did. They must go international and trade the dinar to implement this proposal.
2-3-2022 Newshound Guru Pimpy You’re going to see the presidents being voted in. Once they do that, what are we waiting for? The prime minister and once he’s voted in it’s on like Donkey Kong. All you have to do is put in a cabinet members and their government will be installed and it’s time to put these people into action…
2-3-2022 Intel Guru MarkZ [via PDK] They [sources] have gone under NDA. It is a very good thing that they are not sharing much right now. Things are very quiet. My Iraqi contacts still believe it could be anywhere from today to the 9th for their change of value on the dinar.
2-3-2022 Regular Guy Guru Vital Brad Question: “I heard during redemption you might have to sign an NDA. Why? What is an NDA?” An NDA is a non-disclosure agreement…there are particular groups that feel you’re gonna need to sign an NDA..I personally don’t see any reason why you’d need to sign an NDA…
2-3-2022 Newshound Guru Sandy Ingram Unbelievable income from oil exports in the first month of this year January 2022. Article: “Ministry of oil: Last month’s revenues amounted to more than $8 billion” At the beginning of the week crude oil reached $91.20 cents per barrel…world economists are saying oil will reach $100 a barrel in the coming days…
2-3-2022 Newshound/Intel Guru Mnt Goat …As far as Iraq and the reinstatement, we just need to realize that the Central Bank is going to move to conduct the project to delete the zeros and then to reinstate the dinar soon… If Iraq is to accomplish this economic growth and international trade status, they must reinstate the dinar on FOREX.
2-3-2022 Intel Guru MarkZ [via PDK] [ I am hoping all the currencies go at the same time, but, on the off chance the dinar goes first…what would be the exchange procedure?] If the dinar goes first the exchange process would most likely be very different. It would come out at a lower rate (Maybe a buck or a buck and a half) and be allowed to float. There would not be redemption centers and we would end up just going to a bank. We would most likely be able to do some negotiating and may need to wait until rates rise. I am certain some bank somewhere would reach out to our community and want to give us “red carpet” service because they would want our business. If this would happen I would probably wait until the rate got above $3-$3.50 and pull the trigger and exchange all my dinar..
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