Mountain Goat

We know about what the TRUE rate of the dinar should currently be based on its assets. The IMF is going to a strict asset-based evaluation of currency values. This is a Basel requirement. So, what has been preventing this revaluation to the TRUE rate of the dinar. …it was mostly the AML [Anti-Money Laundering] issue…i.e. banking reforms… efforts were put on warp speed to complete the AML reforms as acceleration began in early January 2023…

…we now get a sense of a real change…a sound transition away from those sanctioned days of Iraq since 1990’s. It is a new Iraq and it is here now…So, it puzzles me as to why the currency also does not NOW reflect this change. But I assure you it will, and it won’t be long until it does…The AML efforts is sprouting great benefits to Iraq and allowing them to move ahead quickly now.

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Frank26 (KTFA)

I’m concerned about Iran…Trump is done listening to their words. Trump is preparing for Iran. I don’t like that. If you have faith…pray…stop this…If you have a nuclear explosions in the Middle East I don’t know what’s going to happen to our investment. I have no idea what will happen to it...We should pray…to bring peace to the Middle East with Iran…Pray they can figure out what to do with Iran. 

I’m so excited Sudani cleaned up the board of directors at the CBI.  I didn’t think he was going to do it that quickly.  Talk about security and stability for the new exchange rate…IMO Trump pushed Sudani to get rid of the lazy board of directors that’s why things are moving so fast right now.  

[Iraq boots-on-the-ground report]

FIREFLY: TV they’re saying today Iraq has gone from a war torn country into a banking powerhouse.

FRANK: It’s getting close and closer every day.

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Pimpy

They’re going to redenominate and take the zeros off because the zeros remind everybody of a devalued currency.  Taking the zeros off will make the currency look like normal currencies and give people the confidence they need to invest in the currency.

More good news for Iraq.

Article:
‘Government consultant: Our large foreign reserves protect Iraq  from fluctuations in oil prices’

Yes it does…I told people when Iraq builds up their foreign reserves it’s a great way to protect them from fluctuations in the market.  It protects their currency’s value.

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MilitiaMan

The data supports big things are about to take place…The last 3 to 4 days have been really powerful information.  It shows Iraq is integrating into the international financial system, into the global community.  They’re talking about it, the UN is talking about it specifically…We know we’ve had the support from the United States Treasury, the World Bank, IMF, UN, major financial institutions, other central banks in the region, a successful Arab League conference…powerful information…

IMV there’s no stopping Iraq from integrating into the global financial system.  That’s how I see this.

Sandy Ingram

Power crisis deepens in Iraq’s central provinces as temperatures rise and protest escalate…Protests in the Middle East are one of the most dreaded events by politicians.  Protests have been known to unseat prime minister’s, start civil war and change parliament procedure…As temperatures sore anger simmer across Iraq’s heartland.  Unless the government acts swiftly and decisively the unrest is likely to deepen fueled by heat, hardship and the long shadow of political dysfunction.

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Fnu Lnu

E******n season is upon Iraq and this means little to nothing will be done. November will tell us whether or not the re-elected PM or the new PM is in favor of an RV or not. This all may well come to a screeching halt unless Sudani is reelected… 

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MarkZ

[via PDK]

I am starting to hear some good stuff from the Historic bond side…about late this week through the upcoming weekend…It’s kinda surprising I heard from the bond holders this morning…usually we don’t hear anything from them on Mondays. This comes from a couple bond folks I have not heard from in a while.  This is a different group then the contacts that had gone quiet. They feel very upbeat for June.  They are hearing they are to go before the first and second week of June.

Question: Mark, do you believe currencies will go shortly after the bonds.

I think they will go between the initial bond payments and bonds being fully paid.  After the initial payment we should get a revaluation…then a reset…then bond folks get paid their balances while we are going to the banks.  If I understand the process  properly. 

Clare (KTFA)

Article:
‘CBI: Liquidity is Available and Our Reserves Exceed $100 Billion’

Quote:
‘The Central Bank of Iraq CBI confirmed on Monday…Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,’ pointing out that ‘the CBI’s reserves have exceeded $100 billion, in addition to Iraq possessing a large gold reserve of over 163 tons.’

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Walkingstick (KTFA)

It’s all coming together.  It’s all coming to a point.  That is a pretty strong statement to release such words [UN saying Iraq will be a banking powerhouse in the coming days]…This is very good…It’s a very big deal.  It removes any doubt of what the CBI is doing with their banks and the monetary reform.

Source : dinarchronicles

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