Bruce (The Big Call)

[via WiserNow]

…according to our Iraqi contact, who was speaking with the head of CBI…we have a solid rate on the dinar, on the Forex, and it’s known throughout the Middle East and internationally, not really revealed here to us yet…This is the rate in country for Iraq… I know what it is…but I’m not supposed to put it out…our rate’s going to be… much higher…a good solid rate – it will continue to trade upward on the forex…Now Alak said this would be a managed float…another source is telling us…there are no rates on the redemption center screens…the same source said those rates should be back up Saturday…the 31st… we get notified Saturday or Sunday, which is the first of June, and start on Monday, June 2. I think that’s probably what we’re looking at… 

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MarkZ

[via PDK]

Article:
‘Reasons for the continuous decline in dollar exchange rates in Iraq’

CBI economists say its because they have made tremendous changes in Iraq to bring monetary stability. They expect it to continue to increase the dinar value. I think we are about to see the CBI to make a substantial change in the value of the dinar.

I don’t think there is any hold up. I think it is just rolling out…I have a lot of bankers saying it could be $4.81…Some say $4.91…they are saying somewhere in that range the rate is staying constant. I wish someone would just give them the ‘release’ so we were allowed to exchange.  

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Frank26 (KTFA)

Forex Executive Summary quote:
‘This memo confirms the Iraqi dinar is fully armed for public rate visibility at $4.81 which activates infrastructure interrogation, live suspension, staging and institutional level confrontation…The rate is suppressed but loaded across all FX-UV telemetry layers…Release is now dependent solely on coordinated political timing optics...’

I want you to understand it’s not trading yet.  It’s not active yet.  It’s not live yet.

[Iraq boots-on-the-ground report]

FIREFLY: Guy is doing a television show…from the Central Bank of Iraq. He’s telling…the dollar is declining. The exchange rate is going down.  He told us this decline is timely and then he said it’s steps and mechanisms that have been taken by the CBI…We do see…our currency is getting stronger.

FRANK: The decline of the dollar is definitely on purpose…The monetary reform plan was to remove any foreign currency and by doing so it would add value to the Iraqi dinar…This was done on purpose in order to bring you a new exchange rate…purchasing power.

Do you believe it was the IMF that released those two [Forex] paragraphs.’ Yeah I do because you can trace it. You can find it…Those paragraphs are about the white papers. The White Papers is the blueprint of the economic reform of Iraq because of the success of the monetary reform.  

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Pimpy

Community Comment: ‘Iraq will reinstate their currency to Forex which will start at a fixed rate, then will slowly float/adjust based on market conditions.’

No that’s not going to happen because you can’t be on the Forex and have a fixed rate.  The Forex is for trading currencies.  There won’t be no fixed rate.  If it makes it to the Forex that means they believe in the market to determine their exchange rate.  There is no fixed rate on the Forex.

People act like I want the zeros to be taken off [the dinar notes]. No. I want the zeros to stay on so I could benefit from it finically just like everybody else. I’m just making sure you are aware that this is a possibility…We all want the zeros to stay on there. I at least need to make sure you’re aware there’s a possibility they’ll delete the zeros before they change the exchange rate.

Clare (KTFA)

Article:
‘RepJoeWilson My letter today with @RepGregSteube to Secretary Rubio asking for sanctioning Iraq to be included as part of maximum pressure.’

Quote:
‘We write to express our deep concern over the complete subjugation of Iraq to the Iranian regime… Today, Iraq stands an nothing more than a puppet of Tehran…The National Security Policy Memorandum-2 of Feb 4, 2025 clearly articulates the reimposition of maximum pressure on Iran…Any campaign against the Iranian regime, will require an equally robust campaign against Iraqi institutions, which have become essential clients for the Iranian regime.’

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MilitiaMan

There’s a reason for the constant avoidance of the 2023/2024 budget schedules.  Article 22 paragraph C isn’t exposed yet.  You have to ask yourself why haven’t they done that yet.  If they were going to be going into the international [world] at 1310…why didn’t they do that at the beginning of 2023.  They don’t have an answer for that.

Article:
‘Central Bank: Our measures contribute to lowing the exchange rate and the decline is not temporary.’

Lowing the rate exchange rate of the dollar to the dinar…that’s what that means…

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Walkingstick (KTFA)

This [Forex] memo confirms the Iraqi dinar is fully armed for public rate visibility at $4.81 with active infrastructure integration, live suppression staging and institutional level confirmation…We believe this to be true. What that paragraph means is the IQD is now convertible…[and] has absolutely no restrictions on the currency at all –  Article VIII.

Samson (KTFA)

Article:
‘US warning of Tehran’s influence on Baghdad’s relations with Erbil’

Quote:
‘US Secretary of State Marco Rubio’s statement regarding the rise of Iranian influence in Iraq…’

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Kaperoni

Community comment: ’Maybe a little momentum started.’

Yes!

Source : dinarchronicles

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