Mountain Goat

The cash in the banks will help create liquidity to finance the economic growth, the growth they need to show a rate of their dinar above a dollar. …I keep telling you the value is already in the dinar…if you go back to 1990 it was over $3 and…look at all the progress since.  But the standards for currency valuations have changed. Basel I-IV changed all of it.  Why isn’t it at least at $3 now. …this is not how the IMF and the U.S. look at their economy today. Yes, today is not the past!  They are going to use Iraq as a hinge pin for a resetting of other currencies to a ‘level playing field’. This is where the new ‘baskets of currencies’ come from. Yes, there will be many groupings of currencies to create new pegs. These currencies will support each other. These will be major trading partners.

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Frank26 (KTFA)

If it was a war I’d worry but this is security and stability so that the citizens of Iraq will not fail the monetary reform.

[Iraq boots-on-the-ground report]

FIREFLY: Television says the Iraqi stock exchange is adding a lot of new firms to their list to draw more international attention.

FRANK: The Iraqi Stock Exchange along with the Erbil Stock Exchange and ISX and the ESX IMO are doing the very same thing that Forex did with the Iraqi dinar a few weeks ago.  Put it in position…It’s exciting to see all these advancements during the Asraflak period.

It’s security and stability and that’s what the monetary reform of Iraq needed desperately and that’s what was born yesterday and taking its first baby steps...Give it time to do what it has to do, bring forth the new exchange rate and lower notes.  That’s what security and stability is for Iraq…and in doing so…the whole domino effect will occur.  Security and stability that’s what we needed…

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MarkZ

[via PDK]

Article:
‘Iraq advances legal framework for development road project’

This is also part of the white paper reforms to lift the purchasing power of the dinar. 

I’m not discouraged… I think we see the end. Wish we knew how quickly Iran will wrap up. I have a number of sources who think Iran will cave and we will have resolution within the week. Then I think it is all a ‘GO’…It has been an exhilarating ride…but we are ready for it to be over. 

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Sandy Ingram

Iraq is on the Forex market in principle but not in practice.  For most global traders if Iraq continues its reforms, closes the black market gap and gains IMF Article VIII status it could become more accessible but that will take several years if not sooner.

Fnu Lnu

With e*******s quickly approaching, the reelection of Al Sudani is not at all certain which means the revaluation is not at all certain. Watch what they are doing, not what they are saying. 

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Samson (KTFA)

Article:
‘Iraqi Interior Ministry: 660 people arrested for manipulating food prices and the exchange rate.’

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Walkingstick (KTFA)

The ESX and the ISX when they go live they’re going to be with the new exchange rate. I believe they’re jumping the gun and getting involved because it’s no secret…You’re talking about a whole stock exchange that wants to join the Iraqi stock exchange…It shows that Abu Dhabi knows about the monetary reform of the Iraqi dinar because everyone IMO knows a new exchange rate for the Iraqi dinar is coming.  There is no more BS…lies…guessing…exaggerations …questions.  It is the truth of the monetary reform that is reflected in this relationship that we’re seeing with the stock markets.  It is a powerful indicator IMO of a new exchange rate. 

Clare (KTFA)

Article:
‘Iraq maintains its global ranking in natural resources’

Quote:
‘The report indicated that Iraq ranked ninth among the world’s countries in terms of the availability of natural resources, estimated at $16 trillion, which include oil and phosphate rocks.’

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Sandy Ingram

Imagine this, you’re a Princeton graduate student on a research trip in Iraq, then suddenly you’re kidnapped.  That’s exactly what happened to Elizabeth Tsurkov who was taken last year while working in Baghdad.  She’s been held by a Shiite militia group ever since…Word on the street is Elizabeth could be freed soon…The US currently has Iraq on its highest travel warning level 4, do not travel…If she’s released safely, it signals to the world and especially the US that Iraq is making an effort to resolve dangerous situations.  It’s not a guarantee but…lifting the travel ban would open doors for tourism, investment and academic exchange…While freeing 1 person won’t automatically erase years of warnings…sometimes small steps are all it takes to start big change.  Here’s hoping Elizabeth comes home soon and Iraq move closer to opening its doors once again. 

Source : dinarchronicles

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