Mountain Goat
Article:
‘THE INTERNATIONAL MONETARY FUND (IMF) HAS ISSUED A BRIEF EXPLAINER ON IRAQ’S EXCHANGE RATE ARRANGEMENT’
This is a very long article by the IMF…It is very good news from the IMF and in fact shows us that the IQD may sooner than later be international.
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Bruce (The Big Call)
[via WiserNow]
We did get word out of the rock that the new rate did come out…Don’t know what it is, but I know that the contract rate for the dinar was continuing to go up into that range that we wanted to see it in…we do believe the RV is going to take place here in the next couple days, So we see where it is when we get to redemption center. That’ll be kind of a fun surprise.
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MarkZ
[via PDK]
Article:
‘Kurdistan finances announces the receipt of the salaries of the regions employees for the month of May’
We now know it has officially happened and the money is where it needs to be. This is a major breakthrough.
In Iraq I had a contractor check in and tell me they know the new rate and its coming soon. They will not tell me what the new rate is.
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Frank26 (KTFA)
I feel they are ready. I feel they’re primed. I feel they’re less than 2% compliance exactly like the line item in their budget required in order for them to open it. I believe Trump is not playing any more games. Enough is enough.
[Iraq boots-on-the-ground report]
FIREFLY: On the TV they’re saying this about creating this The Ministerial Council For Economy approves the establishment of the global gold city in Baghdad.
FRANK: At 1310. …That sounds impressive doesn’t it. It don’t make no sense at 1310.Is the reform for the Iraqi dinar to make it less valuable. No, it’s to make it more valuable. It’s to make it float, to reach a higher value. IMO I think it’s in that position. I really think it has been de-pegged. It’s ready to be paired and to go forward. Paulette (KTFA)
1394 in Baghdad stock exchanges today…5.6% over official. 1405 in Baghdad exchange offices….6.4% over official. 1390.5 in Erbil … 5.34% over official.Why would IMF say no MCP’s remain… Why would Saleh say approaching less than 4%…
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Walkingstick (KTFA)
They’re talking about 4% [gap between official rate and the market rate]. I know they’re less than 3%. That is an IMF mandate. It is a line item in the budget that will show the new exchange rate and it is being protected in [Budget] Article 2-2c right now.
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MilitiaManIn one of the articles it’s the 2025 Gold city Project. It’s aiming to transform Baghdad and the rest of the country into a jewelry hub of the region and possibly the world. It’s a trade hub. That’s what they’re doing…Their ancient history is coming back around. That’s what they’re going to be working on…I think it’s going to be a big deal… Gold is money. They’ve known about it for thousands of years…
Clare (KTFA)
Article:
‘Iraq plans to establish international gold city’
Quote:
‘In a strategic move to localize the gold and jewelry industry in Iraq, the Iraqi Ministry of Trade announced on Wednesday that the Ministerial Council for Economy has approved the establishment of an international gold city in Baghdad…The planned international gold city in Iraq will contain specialized industrial facilities, modern goldsmithing training institutions that meet worldwide standards, as well as advanced marketplaces and a stock exchange for gold and jewelry.’
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Fnu Lnu
With an unstable digital transformation and now this early political dysfunction, we may be in for a contentious e******n season which has now arrived. RV during e******n season. I seriously doubt it. Source : dinarchronicles
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