Intel Guru MarkZ
There are significant developments emerging from Iraq today. Reports indicate that “Parliamentary conquest has led to an agreement to advance two contentious laws today,” which constitutes crucial news. These laws pertain to the personal status law and the restitution of real estate to its rightful owners, as outlined by certain decisions from the dissolved Revolutionary Command Council. These measures are part of broader negotiations that were anticipated prior to the anticipated adjustment in the value of the dinar. In my view, this is monumental, as it illustrates the proximity of our objectives.
Newshound Guru Militia Man
Eliminate the zeros; this action is not intended to devalue the currency or to maintain its current status, contrary to what some may suggest.
Intel Guru Frank26
Iraq boots-on-the-ground report: FIREFLY: A special report concerning the removal of zeros. There have been attempts to present both favorable and unfavorable justifications for this action. It has been stated that 54 nations have previously undertaken similar measures, which is being cited as a precedent for our monetary reform. FRANK: Disregard the negative aspects and focus solely on the positive implications.
Newshound Guru Kaperoni
The Central Bank has entered into an agreement with the International Finance Corporation to enhance the banking sector in alignment with international standards.
Intel Guru MarkZ
According to PDK, there is significant movement regarding HCL, and I anticipate an announcement to be made imminently. I believe the process is entirely finalized.
Newshound Guru Sandy Ingram
Article: “Iraqi resistance prepared for full-scale conflict with Israel following attacks in Lebanon” As investors in the Iraqi dinar, this is the headline we have sought to evade.
Newshound Guru Militia Man
The discussion pertains to international matters. It is imperative to emphasize that an Article VIII complaint and an Article XIV compliant currency with the International Monetary Fund will be necessary. They must consent to these obligations, which would entail an adjustment of the exchange rate to align with the Real Effective Exchange Rate.
Guest Guru SkyWalker
You indicated that the removal of zeros will result in an exchange rate of .00076 equating to .76 cents. It is important to clarify that the removal of zeros pertains to the nominal value of the currency, not its actual value. An exchange rate serves as a ratio between two currencies, which is why the term “rate” is significant. Dr. Shabibi, the architect of the program to eliminate the zeros, explicitly explained that the zeros were initially included in the currency notes as a response to inflation. Numerous articles have confirmed that the zeros will be eliminated from the nominal value of the currency notes. However, upon reviewing various sources, I have not encountered any documentation from the Central Bank of Iraq or the Iraqi government that supports your interpretations regarding the removal of the three zeros. In Dr. Shabibi’s speech, there was no reference made to the removal of zeros from the exchange rate.
Intel Guru MarkZ
I firmly believe that October will be our month. It appears we have finally moved past the stagnation of September, and I anticipate witnessing the results of our efforts in October.
Newshound Guru Samson
Al-Sudani has mandated an urgent inquiry into the missile strikes targeting Baghdad Airport. Additionally, the Interior Ministry has reported the apprehension of the commander overseeing the location in Al-Amiriyah from which the missiles were fired at the airport.
Intel Guru Frank26
Protesters, who are of Iranian origin, have entered Iraq in response to the current situation. Their primary motivation appears to be financial gain. They are determined to maintain their influence in Iraq, which leads them to engage in protests and instigate disorder in an attempt to hinder progress. However, their efforts to impede the process are proving ineffective. I do not believe that their strategy will succeed.
Newshound/Intel Guru Mnt Goat
I can assert with complete certainty that the RV will not be observed until after the voting on November 5th. During a discussion with my contact at the CBI on Saturday, I was informed that, contingent upon a favorable outcome in the U.S. elections, preparations for the reinstatement are expected to commence with the initiation of the project aimed at removing the zeros and exchanging larger notes for smaller denominations. This process is now scheduled to begin shortly after the conclusion of the voting and the announcement of the winners. Additionally, I was advised that we may need to wait until the inauguration ceremony is completed before the reinstatement takes place.
Intel Guru MarkZ
According to a report from PDK, the article states, “Erbil: Iraq has emerged as a favorable environment owing to its security and political stability.” Today, Shabibi expressed, “Provide us with security and stability, and we will enhance the value.”
