Militia Man – Dinar Guru Al Sudani said Article quote “The time has come for Iraq to take its natural place in the international community.” I think that’s going to resonate with every one of us…Get ready. Pay attention...
Sandy Ingram
Sandy Ingram – Dinar Guru [We] keep hearing about international standards from the Central Bank of Iraq. We can only hope that this means the country will be joining the international community in the foreseeable future.
Samson
Samson – Dinar Guru Article: “Al-Sudani returns to Baghdad after participating in the UN General Assembly meetings“
Militia Man
Militia Man – Dinar Guru Iraq is talking about “economic confidence”, “consumption”, “investment”, all of these things. At 1310? I don’t think so. I don’t think that’s what they’re talking about. I really don’t think Iraq is going to be the savior of the international financial system or bring any confidence to the world at 1310. Because they’ve been at 1310, 1180, 1166, 1182…1460…but have they done anything about it? Are they internationally on the Forex trading? No..
Mountain Goat
Mountain Goat – Dinar Guru …my CBI contact told us the committee was planning to begin the roll out of the currency swap out in November… You will not see the US Treasury leave the CBI until this is done and the Project to Delete the Zeros (swap out) is completed.
Samson
Clare
Clare – Dinar Guru Article: “A specialist details the negatives and positives of removing zeros from the Iraqi currency” Quote: “Al-Mawsumi said…The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers, and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value…Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power.“
Militia Man
Militia Man – Dinar Guru Article: “US support for Iraq’s reform steps.. Non-oil GDP indicators rise and exceed twice the population growth rate” They are clearly hammering the concept of Iraq’s ability to reform her banking and financial sectors among the many other sectors, namely the non-oil sectors. They have had a significant focus on the 6% growth rate in revenues… There is also a focus on the international financial connectivity…Thus, with the focus they have on these topics we can see that they mean business…
Dinar Investor – Jeff
Dinar Investor – Jeff Iraq can only change the rate at one or two points in the year, beginning or the middle of the year. That was stated by Shabibi. If Iraq was going to revalue at any of those times you would see them increase their steps and actions preparing to revalue. In this month of September those steps has occurred. They have increased their actions getting critical steps…laws done. They have tremendously ramped up.
Samson
Samson – Dinar Guru “The Central Bank of Iraq is required by the Federal Reserve to stop the platform, liquidate banks and merge others“
Clare
Clare – Dinar Guru Article: “Al-Sudani concludes his visit to New York by meeting Guterres, who praised the discussions to end UNAMI’s work in Iraq“
Mountain Goat
Mountain Goat – Dinar Guru Article: “IRAQ PLANS CURRENCY REDENOMINATION AMID ECONOMIC CHALLENGES“ …this is just not another article about the Project to Delete the Zeros but much, much more...I believe this project is going to move forward this fall, and I am told not until after the US election.
Dinar Investor – Jeff
Dinar Investor – Jeff Their budget period would start October 1st…that’s why the news has increased significantly as we’re approaching October.
Samson
Pimpy
Pimpy – Dinar Guru They don’t plan on removing any zeros at the moment. Although my feeling is they will remove the 3 zeros and then change the exchange rate. What I’m hoping for is that they leave the zeros on and then change the exchange rate. Anything is possible, but unlikely. But so far we’ve got the first part we wanted, they are not removing the zeros.
Militia Man
Militia Man – Dinar Guru I’m not sure how many articles but it’s been five in the last few days, maybe even six that talk about deletion of the zeros. Article quote: “Prices involves eliminating a certain number of zeros from the nominal value of the currency…” That’s the exchange rate…Don’t make it any different…They’re going to take 3 zeros off the nominal value of the currency …That’s been beat to death but it’s cool that they’re still talking about it.
Dinar Investor – Jeff
Dinar Investor – Jeff September is the month where you have seen and heard more from the Central Bank ever throughout this entire year… They have been more vocal and have completed more steps in the month of September than any other month…Critical things are happening. They’re preparing to go international.
Samson
Samson – Dinar Guru Article: “MP: Iraq is heading towards ‘major’ economic changes and a global urban revolution“
Mountain Goat
Mountain Goat – Dinar Guru …we have been told many times that the Project to Delete the Zeros is not just a common project to redenominate but for Iraq it is also a steppingstone as part of the process to the reinstatement. This is the reason why I am so captivated on what just happened these last few days…We witnessed another onslaught of articles about the Project to Delete the Zeros once again…the news media reports what is going on in Iraq so someone, something must have reignited the spark for the Project to Delete the Zeros…Yes, it was the CBI and when the CBI talks, I listen…the CBI sets monetary policy.
Clare
Clare -Dinar Guru Article: “Iraq Plans Currency Redenomination Amid Economic Challenges” Quote: “Many countries remove zeros from their currencies to revalue the national currency and facilitate financial transactions. This process involves eliminating a certain number of zeros from the nominal value of the currency, making it less inflationary and more stable.“
Samson
Samson – Dinar Guru Article: “Removing zeros from the Iraqi dinar is back in the spotlight.. Strengthening the currency or just changing its form?”
Militia Man
Militia Man – Dinar Guru Article quote: “US Department of Treasury…Deputy Secretary of the Treasury has support for the Central Bank of Iraq and the Prime Minister’s reform agenda…He’s applauded Iraq’s 6% growth in the non-oil economy.” Here they are just getting started and they’ve already got 6% increase. That’s huge you guys. That’s really big.
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Mountain Goat
Mountain Goat – Dinar Guru Article: “BY 48.5%.. BANKS ASSOCIATION: FINANCIAL INCLUSION IN IRAQ HAS INCREASED” …When will they feel they have achieved enough? I think they are about there already. Choo Choo!!!
Clare
Clare – Dinar Guru Article: “Iraq participates in the “Future” summit at the United Nations in New York“
Militia Man
Militia Man – Dinar Guru The ’23, ’24, ’25 tripartite budget for investment they haven’t exposed it yet...Why not? Probably because it has an exchange rate sensitivity to it.
Dinar Investor – Jeff
Dinar Investor – Jeff Iraq has been secretly amending the budget in the background preparing for this budget period and getting the budget done. After they approved it June 3rd it was never really completed or published in the Gazette. They’ve been secretly amending it since that point forward…This investment has gotten real.
Sandy Ingram
Sandy Ingram – Dinar Guru This is concerning, why do Iranian backed militias keep targeting Israel? …This information comes from 9 different sources…These are real missiles, this is is a real news story…The Israeli Air Force successfully intercepted multiple aerial threats from Iraq. These included two cruise missiles…rockets…drones…Israel Defense Forces confirmed the interceptions with no targets breached Israeli airspace…The Islamic Resistance in Iraq tied to Iran claimed responsibility…My concern is Israel will respond to Iraq in a harsh way. It does not matter who is launching the deadly missiles, the threat is coming out of Iraq.
Samson
Samson – Dinar Guru “Prime Minister: We support investments that aim to diversify the economy away from oil”
Nader
Nader – Dinar Guru [Follow up to Nader’s 3 weeks to exchange large notes to small notes post from 9-22-2024 below] The only problem we all have here in America, Canada, Australia, England or wherever, you have to find a way to exchange that big bills to smaller bills. I’m talking about Iraq dinars, you change the 25,000 to 500s. This how is going to be. They’re going to have the 1s, 5s, 10s, 25s, 100s, 250s and 500s. That’s what they going to have…If you have 25,000 [note] it’s going to be 25,000 dinar.
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