4-8-2021 Intel Guru Frank26 Allawi Video quote: “We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at straightening the Iraqi economy.” …amen, glory hallelujah, praise God! …this is it right here.
4-8-2021 Intel Guru MarkZ [via PDK] [What are you hearing are the dinar rates?] On the street rate I hear it will be about $3.91 for tier 5… the contract rate for tier 4b of around $8.00…I hope this is accurate. [Do you believe Tier 5- the general public will go at the same time as the rest of us?] Yes I absolutely believe that. The tier 5 rate is if you go to a bank and exchange for the street rate which will be a lower rate than if you exchange at the 4b rate at a redemption center. Some people will do that. The only difference between tier 5 and tier 4b is tier 4b knows there is a contract rate…they are keeping up with it…they are informed. Tier 5 may have been gifted…not really paying attention and will just go to a bank to exchange it when they think about it sometime or someone tells them it rv’d.
4-8-2021 Intel/Newshound Guru Holly RV News: Since the weekend there are a lot of black outs on intel still. I am hearing some appointments are being made for later this week. The dam is ready to burst open. Iraq should have their new rate. That is what we are waiting on now. Once that is out the genie can not be put back on the bottle. We are on the cusp of this to go.
4-7-2021 Newshound Guru MilitiaMan the main thing is, is that they tell us the budget will be applied retroactively for many many months. Implementing that retroactively from the 31st tells you them stopping the auctions has all been timed…for this particular purpose because it’s all about the exchange rate…it’s awesome. Good deal.
4-7-2021 Intel Guru RayRen98 A Shafq News source reported that President Saleh has ratified the 2021 Budget Law and returned it to the Ministry of Finance to start work on it for Thursday.
4-7-2021 Newshound/Intel Guru Petra This is the endgame. This is what we’ve been waiting for…once that thing [the 2021 passed budget] is signed that is game over…it’s gonna be the last second and they’ll release the parade. But they are officially on the clock so that’s the good news. It’s getting sweeter and sweeter every day because every day we’re getting closer and closer to what we’re waiting for. So yeah all very very exciting…
4-7-2021 Intel Guru Frank26 Article: “After weeks of delay, Iraq’s council of representatives passes budget for 2021″ The fact that this budget has been passed is only because they have a new exchange rate. They have never had one before…
4-7-2021 Intel Guru MarkZ [via PDK] We were hoping to see the budget in the Gazette this morning…we did not. I hear the President signed off on it to late last night to have it posted this morning but we are to expect it in the Saturday Morning Gazette. There just wasn’t enough time from approval to printing for it to be in today’s Gazette. I heard from my ministry contact in Iraq they expect to see it in the Gazette on Saturday. For those that don’t know…the Gazette- the National papers for Iraq publishes on Wednesdays and Saturdays. The Gazette comes after it done…but where we can see it, touch it, taste it, eat it…is in the Gazette. I am exceptionally upbeat and positive…not a bit worried.
4-7-2021 Newshound Guru Pimpy Again I have to bring this up because people are asking me. Again, no, there is no 1 for 1 exchange rate happening in Iraq. That’s false. I told you guys what that would create. A huge large black market of the Iraqi dinar. You would have people buying cheap out of country smuggling the in country exchange the 1 for 1 grabbing their profits and running back out of country buying more dinar and going back in. When the exchange rate happens it happens inside country and out of country all at the same time…