Mountain Goat

I have to keep asking just how much longer before the U.S. will sign off on this RV event and allow IRAQ to normalize their currency. We heard a lot of news about the crushing of the parallel market.  We s*****t to hear shortly that it has matched the ‘official’ CBI rate. This is coming. …We know the first step to the currency reform of normalization, is the issuing of the newer lower denominations …WE should know it is coming and my CBI contact is on the committee to help orchestrate this event, when the committee is told to go ahead.  

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Bruce (The Big Call)

[via WiserNow]

Now we should be where we think we should be for notifications and start of exchanges over the next three days, but I heard a couple of sources say it could extend out as far as Sunday morning…I know memorial day is Monday. Nothing’s going to happen on Monday Memorial Day, I don’t think…unless we get started sooner, if we get sooner, then we might go right through and include Monday Memorial Day as an exchange day… I’m hoping that we get some real positive response in the next three days and get our numbers, they’re locked and loaded in the system, that part is ready. All they need to do is flip the switch… 

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Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: The IMF is back and they’re in the news today. They’re saying we are in need of urgent economic reforms.  They said we also need the funds in order to make all these reforms.  

FIREFLY: ‘My Account’ [card] is going to help to retrieve the 3-zero notes.  They’ve been talking about it a lot.  The 3-zero notes are a big issue.  It would not be an issue if it was staying at 1310.

FRANK: …That’s a good way of putting it.  You wouldn’t be collecting 3-zero notes if you were staying at 1310.

Trump has told all of these countries that are wanting to do business with America, ‘you have to play fair with my dollar.  You have to play fair with the exchange rate of your currency with the exchange rate of my dollar.’  That includes you Iraq. 

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Clare (KTFA)

Article:
‘Iraq: Concluding Statement of the 2025 IMF Article IV Mission’

Quote:
‘An International Monetary Fund (IMF)…met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation…A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability…’

Article quote continued:
‘Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system…The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.’

Pimpy

People say, I don’t think this [$0.76] is where the rate is going to be.  I agree.  I don’t think that’s where the rate’s going to be either.  It might when we first start but I don’t think it’s going to stop there…$3.22, is that possible.  Yeah that’s possible.  I don’t deny that.  But $3.22 is not going to be times this denomination [25,000].  It’s going to be times this denomination [25].  They’re going to have the $3.22 rate.  I agree with you.  But after they delete the zeros, not before…I’ll take the $3.22 rate even if they take the zeros off.

There’s some confusion…about what exactly executive order 13303 is….Yes it does say we have the right to invest in Iraq and we’re protected under Executive Order 13303…If you want to invest in a currency that’s fine but it’s not specifically about the currency.

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Sandy Ingram

Iraq is seeing a massive $87 billion surge in foreign investment…  This signals soaring global confidence in Iraq’s economy…Iraq’s economic plans are ambitious, investing in the development road project, natural gas, petrochemicals, tourism and agriculture…Foreign investments are key to increasing the value of the Iraqi dinar.  Iraq is not just rising economically but diplomatically too.  On a scale of 1 to 10 this is a solid 7 for good news…

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Samson (KTFA)

Article:
‘Kurdish party: Iraqis will benefit from oil revenues after the approval of the oil and gas law.’

MarkZ

[via PDK]

They are hoarding it [dinar] for a couple of reasons. Lack of trust in the banking system and expectation of a higher value…

Question: I wonder – will we will know the ‘when’ ahead of time. Or will it come like a thief.

MarkZ: It will come like a thief in the night…imo. I think we will get close watching the signs that it is time to prepare…but no one knows exactly when. 

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Walkingstick (KTFA)

The lifting of the 3-zeros will be an ongoing process even way past 2025.

Source : dinarchronicles

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