Newshound Guru Militia Man
Kindly listen. Their currency is becoming valuable.It is definitely gathering really fast.
Intel Guru Frank26
I hope for both of us that this dream will come true. It is rather near. Not a doubt exists about that. Every clue point to it being rather close. I simply hope we have some positive news when Alaq [comes back from] New York.
Newshound Guru Enorrste
Should the dinar exchange rate ever increase in value, it will be based on Iraq’s own economic development and success. There are no short cuts.
Intel Guru MarkZ
[Using PDK] I have been advised that a three-day weekend is more manageable. In a perfect world, they would flip the rates on a Saturday Night or Sunday am thereby allowing more time for banking preparation. Given the largest economy in the world, it would simply be simpler to do on a three-day weekend. At least that is how it was explained to me; right now, the excitement for this weekend is at feverish pitch! We shall watch to see what transpires. On Sunday, by lunchtime we ought to know.
Newshound Guru Clare
Article Proceeds Continues “…adding that the process of raising three zeros means the computations and statistics as well as the value of the money.Eliminating three zeros from the currency calls for two standards: political stability and economic stability on a worldwide level. Countries turn to zeroing their currencies when these two elements are present since the value is set and unaffected. It is really a relative change instead.Working between 2011 and 2012, we aimed to eliminate three zeros; unfortunately, there was a delay in the matter since it calls for coordination between monetary policy and all government policies and changes in the accounts of the Republic of Iraq and statistics.” [Post 2: Second]
Newshound Guru Clare
Article: “Two requirements to achieve it”.. Al-Sudani’s adviser rules out deleting 3 zeros from the currency”. Quote: “Salih, ruled out the government deleting three zeros from the Iraqi currency at now, stressing that doing this required two key criteria…Said that beginning with the Iran-Iraq conflict, the three zeros increased price and monetary inflation to the currency, therefore affecting its value. He underlined that we need more values of money to keep the equivalency between price and money as prices increase. For instance, 25 Iraqi dinars have evolved into 25,000 dinars from price inflation. Saleh underlined the need of lowering the computations reaching trillions in recent years. [ Post 1 of 2….stay tuned]
Newshound Guru Militia Man
Are they hiding a rate sensitivity right now? Is that doable? Clearly it is… Why have they not ventured on the Forex?
Intel Guru Wolverine
[directed via Judy Byington] I am really thrilled. You should be aware of its approaching nature. It is exactly real.
Newshound Guru Samson
” Two conditions to achieve it”.. The adviser of Al-Sudani forbids taking three zeros from the money”.
Intel Guru Frank26
[Report on boots-on-the-ground Iraq] Alaq in the United States of America means very nothing in terms of a rate change for us. It is more for the banks to try to fix their affairs free of sanctions. FRank: I agree to some extent but disagree to another point as well. Although it may not announce a new exchange rate, IMO this meeting in New York is absolutely part of the monetary reform. This meeting will complete actions required to release the new exchange rate. Your banks have to be ready for the new exchange rate and stable and safe free from parliament’s corruption. Their focus is on this.
Newshound Guru Militia Man
Article: “Al-Mashhadani reveals the majority of deputies have approved his nomination for the Speaker of Parliament” It is presently awaiting a vote. Let’s observe the length of that.With their actual effective exchange rate, I do think the optics of having all three presidents in place when they completely open the doors to the world would or will be highly accepted internationally. Investors would most likely view it as stability and protection.
Intel Guru MarkZ
[from PDK] “Iraq’s Prime Minister Mohammad Shia Al Sudani led a high committee for tax reform’s meeting.” Therefore, when they looked at it, tax income had increased by 22%. This implies that the economic changes they are striving for are effective. This one represents quite significant news.
Newshound/Intel Guru Mnt Goat
Article: “Government Advisor Explays The Possibility Of Using The Dinar InSTEAD Of The DoLLAR In Oil Sales” This is a really excellent piece discussing the dangers involved in pegging the dinar to oil prices.Rather, they intend to repurchase from top developed countries a “basket” of foreign currencies. This is far less dangerous and far more steady. Apart from this is Iraq’s Dr. Shabibi and IMF strategy. “Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?” Article Quote asks. I love this; it emphasises once more that they are NOT matching the dinar to the cost of oil. Still, this shows us they know they have to act quickly!
