Intel Guru MarkZ
In recent times, there has been a crackdown on counterfeit dinar in Iraq, with the aim of controlling its value. The authorities have already removed $1.4 trillion in dinar off the streets in the last few days. This is part of a larger effort to eliminate corruption and support the value of the dinar. I believe that they are working hard towards it and it may happen sooner than we think. Once they have tackled the majority of the corruption, they will release the new rate. It is essential for Iraq to have a change in value as they have multiple projects that require it.
Newshound/Intel Guru Walkingstick
It is possible that more arrests will be made as many bank accounts from around the world have been investigated and traced. The retrieval of this money and property can have an impact on the new exchange rate and the release of the new currency. Sudani has recovered over $2 billion worth of three trillion Iraqi dinars and is doing what is necessary to bring forth the new exchange rate.
Intel Guru Frank26
There is no such thing as a program rate for the dinar. The exchange rate for the dinar is the rate of the dinar. Iraq already trades the dinar internationally at the exchange rate of 1310.
Newshound Guru Kaperoni
There is no such thing as a program rate for the dinar. The exchange rate for the dinar is the rate of the dinar. Iraq already trades the dinar internationally at the exchange rate of 1310.
Newshound Guru Clare
According to a government source, Al-Sudani will announce from Baiji that the stolen materials will be returned from its refineries.
Newshound Guru Militia Man
I read an interesting article today about the Kurdistan region seizing a large amount of forged dinars. It turns out that they confiscated 41 million 25,000 notes, which is quite a lot. The reason behind the forging remains unknown, but it’s clear that the individuals responsible were trying to game the system by creating fake currency. It’s concerning to think about what else they might be up to.
Intel Guru Frank26
According to Channel One, Iraq needs to rehabilitate half of its exchange companies and banking systems. Many companies are being shut down, with only selected ones being granted licenses to operate. When the rate increases in Iraq, people will exchange their 3-zero notes for lower denoms, which will be more powerful than the 3-zero notes and even the American dollar.
Intel Guru MarkZ
Currently, there is little news regarding RVs and many are stating that things seem to be moving forward as planned, but without any further details. The release of the Iraq budget is scheduled for the 20th, which raises the question of whether or not we will witness any significant changes this month or in the coming month. MarkZ seems optimistic that we will indeed see some developments this month
Newshound/Intel Guru Mnt Goat
I would like to remind everyone that if they decide to participate in an RV, they should follow the established process. Dr. Shabibi informed me of this in 2011. Moreover, previous rate changes were made public through articles. The RV will not be a secret and will occur abruptly. [post 1 of 2….stay tuned]
Newshound/Intel Guru Mnt Goat
To summarize, the process starts in Iraq with a project to remove zeros from the currency. After completion, they wait for 1-2 weeks to monitor inflation. If everything goes smoothly, they will reinstate the currency on FOREX. Currently, we are waiting for a rate change from 1320 to around 1000, possibly 1100 or 1166. The current rate of 1320 is very close to the expected range.[post 2 of 2]
