Mountain Goat

…we read about the UN praising Iraq for its efforts in AML in article titled ’UNITED NATIONS: WE BELIEVE IN IRAQ’S RETURN TO ITS POSITIVE ROLE.’

Quote:
‘The United Nations believes in Iraq and Iraq’s return, and believes that good governance, transparency, and international transition are not just slogans, but rather pillars toward a transparent economy that interacts with the region and the world.’

Are they getting ready for the next step which is…RV time!

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MarkZ

[via PDK]

Question: So is there a chance the RV happens in June.

MarkZ: There is a great chance. 

Question: Will the RV be delayed by Iraq e*******s coming up this year.

MarkZ: Sudani said he would increase the purchasing power of the dinar during his term. That is going to end this fall…so we know he is on a short fuse to get things done before the e******n. 

…Friday or Saturday last week…somebody had let me know that they had their spot ready on forex to go fully international. But, they have not activated it yet. 

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Frank26 (KTFA)

Article:
‘Al-Sudani chairs a meeting to restructure government banks’ administrations.’

Sudani decides to take Drano and he flushed the CBI of the board of directors that make all the decisions.  There was a bunch of them that Donald Trump did not like.  So he tells Sudani, get rid of these guys. 

Question:
‘Do you think $4.81 is a marker or a chance it could open at that.’

No. $4.81 would not be an opener. That would be s****d. The goal right now is to get [Market rate] to 1310 because then the 1310 is matched up with the American dollar.  That’s a 1 to 1 ratio…You are left with the Iraqi dinar and the US dollar. 

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MilitiaMan

Article quote:
‘The strength of the current foreign reserves gives the central bank a comfortable and executive ability to intervene in the exchange market through open monetary policy tool in  a way that maintains the stability of the exchange rate and enhances the purchasing power of the Iraqi dinar.’

This gentleman is reiterating Iraq is ready for integration into the international financial system when the system allows for the interconnectivity.  Like I’ve been saying, I don’t think it’s all about Iraq.  Iraq is proving she’s ready to go.  

They haven’t exposed a real effective exchange rate yet. They haven’t changed 1310 to any other number and they haven’t disclosed specific data regarding Article 12 which is related to oil extraction costs…We haven’t seen the valuation of what they’re going to use for Article 140. Why. Because I think we need that interconnectivity that’s taking place around the world.  It’s probably timed accordingly on their time, not Iraq’s time…Iraq’s integration into the global financial system will need to be synchronized, timed accordingly.  That’s how I see it.

Clare (KTFA)

Article:
‘Al-Nujaifi: The role of forces linked to Iran in the next parliament will not exceed 30%.’

Quote:
‘Regional changes have given us a firm conviction that Iranian influence has declined significantly, and that those who still seek refuge in it are facing crises and problems, and have lost influence and gains. The situation is not the same as it was four years ago’

Article:
‘Sudani’s financial advisor: Cooperative hypermarkets reduced demand for the parallel  dollar and prevented a rise in inflation.’

Quote:
‘He added that the proliferation of hypermarkets has encouraged merchants to shift toward importing through official dollars instead of parallel currencies, which has contributed to regulating market activity and financing foreign trade in a legal and stable manner’

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Pimpy

Iraq is well on their way of accomplishing what they need to accomplish to get the Iraq dinar back on the global Forex, which is important.  We need to get those restrictions off those banks so they can start using the SWIFT system more freely without babysitters because that’s going to help the Iraqi dinar get back on the global Forex, which is what everybody is waiting for.

Community comment:
‘[Guru Pimpy] thinks they’re going to take a 25,000 note and give you a 25 note.  Doesn’t even make sense.’

2023 Article:
‘Economists Divided Over Deletion of Zeros’

Quote:
‘The Central Bank of Iraq has been attempting to delete three zeros from the Iraq currency since 2003…’

Does it say ‘exchange rate’.  What it says is ‘take the three zeros from the Iraqi currency’.  It’s not me pulling it out of my a*s.  I show you all the time the proof.  Here’s the receipts.  Here you go.  That’s called a redenomination. 

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Fnu Lnu

Citizens in the central portion of the country are ready to start burning down government residences like they did to Malaki because while the bureaucrats stall for more time to steal more money, the people are living in squalor and deprivation. To try to say that ‘Stability and Security’ are the order of the day is ignorant…The citizenry are angry because they have been lied to by the PM and others about the ‘delete the zeros’ program and currency revaluation. Hell, they won’t even specify what delete the zeroes really means…

Sandy Ingram

Baghdad is c****t between its neighbor Iran and the US government.  The US Treasury has slowed down the process of transferring Iraqi dollars from the US to the Iraqi because of non-compliance with global banking standards.  These standards…are the standards that would trace US dollars that go off track or end up in the hands of Iran or Syria.  This is major.  Iraq is just now understanding how serious the US government is about maintaining priority over keeping US dollars out of the hands of enemies.

Source : dinarchronicles

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