5-27-2022 Newshound/Intel Guru Mnt Goat We are now in an unprecedented period of excitement for the IQD reinstatement to happen. I am hearing nothing but good information from all the sources including the Central Bank of Iraq, the IMF and the U.S. Treasury. The initial rate on the new Quantum Financial System (QFS) is way up there to $6+. However…I can not clearly see that it would or even could come out that high. It will probably come out at about $4+. But please remember that the project to delete the zeros must happen just before or just after the reinstatement.
5-27-2022 Newshound Guru Godlover I am still hopeful they do not pass the FSL, if they do pass the FSL, I expect the government formation to drag on for some time unfortunately…
5-26-2022 Intel Guru MarkZ [via PDK] …in Iraq they are still talking back and forth about when they are going to read the Food Security Bill again. It is still expected this week. I am still hearing from my banking side that our redemption day is scheduled for June 1st…My guess is the RV news will be very quiet until around Monday the 30th based on the holiday weekend… There is not a lot they need to say between now and then so believe it will be quiet. [This has to be the calm before the storm….] Exactly…I think that is where we are at right now.
5-26-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: CBI governor was meeting with the IMF and World Bank and Finance Committee on the mission review for Iraq talking about financial reforms and he talked about exchange rate. FRANK26: It’s getting hot in here! This IMO is the culmination of all these meetings. They now have an understanding of what their mission is to accomplish.
5-26-2022 Intel Guru MilitiaMan Article: “Parliamentary Finance Reveals A New Inquiry To The Federal Court Regarding The Food Security Law” We can see there is a seriousness with this emergency food law. The fact that the GOI and the Finance Committees are in talks now, is very important with respect to timing…The law contains a very large financial mechanism…So large they were not given it out, until now… The vote is slated for tomorrow….The street (vulnerable) is in expectation of their constitutional entitlements that are apart of the law… Looks like show time is in close proximity..imo
5-26-2022 Newshound Guru Sandy Ingram Exciting news.. Article: “Iraq Revenues to Exceed $150 Billion”
5-26-2022 Intel Guru MarkZ [via PDK] I am almost afraid to tell you what they are expecting. But right now they are hearing Redemption Day…the day we will actually start redeeming is June 1st…this is what my contacts on the redemption side are hearing. Hopefully this will be accurate
5-26-2022 Newshound Guru Pimpy Article: “Iraq’s political stalemate raising changes of Shia on Shia clashes” It looks like it’s about to get ugly over there…I’m anticipating a civil war to be honest with you…this is what we don’t want. Hopefully a situation will be panned out…if they go to civil war [hopefully] it happens quickly and isn’t drawn out for years. As far as Iraqi dinar exchange is concerned – any change of it whatsoever not if there’s any type of armed conflict that’s for sure…that’s the cold hard truth.
5-26-2022 Newshound Guru Samson Article: “The Central Bank : The implementation of the terms of the White Paper revived the Iraqi economy” Quote: “the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, confirmed the recovery of the Iraqi economy as a result of the application of the white paper.”
5-26-2022 Intel Guru MarkZ [via PDK] Mountain Goat did a good update [Reference Mnt Goat post 5-25-2022] and I’m glad she did because I was afraid to mention these rates… My phone has been lit up today just on the rates…I am hearing the same thing on the rate…between $6 and 6.50. That has been a dominate conversation today with most of my contacts. I am a little excited about that. But the thought of the rate coming out low and floating up makes perfect sense…so don’t panic if that’s the way it happens. [if we got the rates now…we must be close.] I think we are very close now…I still hear the goal is to get this done in the month of May…
5-26-2022 Newshound/Intel Guru Mnt Goat Article: “INCREASING THE CAPITAL OF THE CENTRAL BANK ENHANCES ITS BALANCED MONETARY” Quote: “The Central Bank of Iraq announced the decision of its board of directors to increase its capital to 5 trillion dinars, an increase of 40% over its previous capital of 3 trillion dinars. 2 trillion dinars.” we can clearly see that the devaluation of dinar to rebuild the CBI reserves was a strategic move and included in the strategy of the White Paper. Now no one can say there is not Stability and Security…
5-25-2022 Intel Guru MarkZ [via PDK] [Mark, what is your thought that it could go as an RI first then the next day or shortly after it goes to the RV?] I don’t think so…. I think they would have to float it if they did something around those lines. With the move to Basel banking … I believe they limit swings in currency to 20% a year…so I would assume if they go with the NEER rate –it could go from $1.60 to about $1.92 in the first year…then the next year it could possibly go to $2.40…ect…this makes the most sense to me…
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