Mountain Goat

Article:
‘SWIFT AND THE US FEDERAL RESERVE PUT IRAQ AT THE MERCY OF THE GLOBAL ECONOMY’

Quote:
‘Iraq has become more vulnerable to global economic shocks due to its increasing connection to the international financial system’

WOW!…Although this may seem like a negative statement this is actually an all-telling concept in just where Iraq now stands in the global arena. If they are going to go international with their currency there will be vulnerability. They are no longer isolated and under the sanctioned post-war process so of course they are going to be more ‘vulnerable to global economic  shocks’.   I also believe this is setting the stage for the IQD for a future float, which comes only with the new basket of currency for a new peg.

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Bruce (The Big Call)

[via WiserNow]

…certain individuals…are telling you to go to banks, there’s no redemption centers – they just don’t know what we know…  The banks are okay, but they’re not going to give you the same highest rates on Dong and Dinar that the redemption centers will…I can tell you we know because we get the rates on the bank screens and on the  redemption center screens. We get both of them, and there’s a big contrast sometimes between the Dong rate on the screen and the Dong rate on the redemption center screen. 

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Frank26 (KTFA)

Enough is enough.  They know.  You know.  All the conventions and committees that are occurring especially in the Middle East, they know.  The whole group that’s coming from Iraq over to Washington DC, they know.  You know.  You know who really knows.  Iran.  That was the problem from day 1…Long before you got interested in the Iraq dinar it’s been Iran. That has been the sore thorn in the side of Iraq’s economy…

Question:
‘Will each day after the RI see the rate go up.’

Wouldn’t that be great if it did!  In the beginning it’s going to have an accordion affect.  That ‘accordion time’ is going to compress time.  There will be a lot of…short increases along the way.  You’ll watch it.  You’ll follow it.  You’ll find the rate that you want and you’ll exchange.

The only way a new exchange rate can come to Iraq is because many from the IMF to the World bank to the United States Treasury all are done helping the CBI…IMO the next step will be to show them the lower notes and then the new exchange rate together simultaneously…

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Militia Man

Article:
‘The Baghdad summit took place regularly and Iraq regained its leading role’

I like that title because it’s leading role.  It’s regained its place in the regional arena.  That’s good…Saudi Arabia, UAE, Qatar, Egypt, every single one of those are trading partners.  They’re going to have an impact when Iraq does a revaluation of their currency.  They have to have synergy/synchronization…It’s going to be a powerful move when Iraq does that [rate change].

This whole summit they had yesterday has been a success…The timing of all these things are coming together for Iraq to make a move.  We don’t know exactly when they’re going to but the stage is set…They got a Medal of Honor.  They’re showing it’s a historic meeting that they had…What’s going to come in the coming days.  Iraq is obviously ready.  They’ve talked about going into the global financial system...Are they going to do that at 1310.  I have a strong feeling that’s not going to be part of the process.

Walkingstick (KTFA)

Yesterday they made a statement at the Baghdad summit.  This Baghdad summit is a stage IMO to show off to every that is interested in the potential of Iraq’s future.  Not right now, but as soon as they release the new exchange rate…Sudani…said Iraq is a Recovered nation….They have a recovered monetary reform…monetary  policy… investment opportunity…recovered their banks…infrastructure…They have recovered 1310 and in doing so IMO have a recovered exchange rate.  This is part of the recovery to say to the world and Iraqi citizens that the recovery of their monetary policy was successful.

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Pimpy

You got to understand when you’re dealing with exchange rate, it’s global.  Because people are making trade with them. There’s no ‘in country’ rate, ‘out of country’ rate.  It’s the same, period.  Once they make that change that’s what happens.

When you redenominate and delete those zeros, you’re not going to exchange 25,000 and get $25,000.  That’s not what’s going to happen.  They’re going to remove the zeros and you’re going to get whatever the equivalent is.  So if  you have a 25,000 dinar, they’re going to delete the zero, you’re going to get a 25 dinar back in exchange.  Not $25,000 for 25,000.

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MarkZ

[via PDK]

This weekend was the Baghdad summit and they have made lots of deals. Someone from Nato is meeting with Sudani and they are looking at Iraq like they are truly international. They just need the last of the restrictions removes so they have a fully international currency. 

Fnu Lnu

Article:
‘President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq’s financial sector and…emphasized the importance of modernizing the banking system…’

If Iraq were secure and stable, why would they be having these meetings. If the banking sector were up to speed and ready to rock, why are they discussing modernizing the banking systems.   Short answer, they wouldn’t! The issues surrounding Iraq aren’t all that complicated…trust is running at an all time low. 

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Sandy Ingram

BP is helping Iraq’s economy grow.  Their investments are creating jobs and bringing in money.  This is goodness for the Iraqi dinar…When the economy is strong the currency usually gets stronger too.  This means people in Iraq can buy more with their money.  It also makes Iraq more attractive to foreign investors. As investors we are looking for more foreign investments and safety for these investors. We are also looking forward to a time when foreign countries need billions more IQD to ship goods from the Gulf to Europe. These are factors that will drive the value of the IQD up.

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Kaperoni

Article:
‘Iraq is reasserting its regional role with an economic and development agenda.’

Source : dinarchronicles

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