Militia Man – Dinar Guru Article quote “Central Bank seeks to withdraw excess liquidity” When the central bank of Iraq is removing excess liquidity, that’s taking in dinar, what does that do? Enhances the value of the currency – Supply and Demand. Reduce the note count, the value goes up...That’s the way it’s always worked and it always will IMO.
Pimpy
Pimpy – Dinar Guru Article: “Iraqi authorities close Green Zone gate amid Shiite protests over Nasrallah’s assassination” Things are so bad Iraq has now had to close the green zone. We haven’t heard about them closing the green zone in at least two-three years. They’ve been open that long.
Clare
Clare – Dinar Guru Article: “What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud Dagher” Quote: “Economist Mahmoud Dagher pointed out that deleting zeros will not change…the purchasing power of the dinar…Instead of carrying a bundle of 50,000 dinar notes, it will be possible to compress them into a smaller number of notes after removing the zeros, and this will not change their purchasing power. The amount of money on offer…is equal to 105 trillion dinars, and after removing the zeros, the amount will be 105 billion dinars, which is exactly the same amount, and the exchange rate will change from 1320 dinars per dollar to 132 dinars per dollar.“
Militia Man
Militia Man – Dinar Guru In the last week or so…there’s probably five or six articles specifically talking about removing zeros from the Iraqi dinar… Quote: “…this is done by removing a specific number of zeros from the nominal value of the currency.” From the value of the currency not the currency notes but the value of the currency…
Pimpy
Pimpy – Dinar Guru Article: “Thousands of protesters trying to storm US embassy is Baghdad after Nasrallah killing” Iraqi protesters are trying to storm the US Embassy in Baghdad…How does that affect Iraqi dinar holders? The last thing you need is for there to be an unstable country with protesters tying to storm the US Embassy…
Kaperoni
Kaperoni – Dinar Guru Community Comment: “The US Embassy in Iraq is under siege I’m old enough to remember the last time a middle eastern embassy was under siege with a weak president…I hope this ends better…Pray for US personnel in Iraq” Not good.
Militia Man
Militia Man – Dinar Guru Article: “Minister of Transport announces the establishment of the Joint Maritime Authority between Iraq and Britain” …Massive amounts of trade is coming to the ports of Iraq… I suspect Al-Sudani and his teams are fully aware of the priorities needed to make it all happen.
Clare
Clare -Dinar Guru Article Quote: “Mazhar Mohammed Saleh, economic affairs advisor to Prime Minister Mohammed Shia al-Sudani, described the banking system in Iraq as rentier par excellence…noting that this requires a comprehensive reform process…Saleh stressed that this requires a comprehensive reform process to create market institutions, indicating that this enables the banking market to be integrated with the international financial and banking system and become attractive to global banks on a large scale.“
Kaperoni
Kaperoni – Dinar Guru This is a good quote from that article “The expected path of the Iraqi economy” Quote: “The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally, the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope.”
Sandy Ingram
Sandy Ingram – Dinar Guru One significant difference between Iraq and many other developing and established countries is Iraq’s consistent willingness to pay down debt. Iraq’s foreign debt has now fallen to below $10 billion dollars according to Saleh, financial advisor to the Iraqi Prime Minister…Provisions have been set aside…to ensure these obligations
are met…These external debts are largely tied to the Paris Club Agreement …Iraq is on track to fully pay these obligation by 2028. Saleh highlighted the importance of Iraq’s relatively low level of foreign debt, noting it has significantly improved the country’s financial standing in the eyes of global credit rating agencies, including the US based S & P.
Dinar Investor – Jeff
Dinar Investor – Jeff World Trade [Organization]…one of the major things Iraq needs to really move forward towards membership is they need their MFTR [Memorandum of Foreign Trade Regime] completed… Article Quote: “The completion of all these requirements was confirmed in March of 2024.” Iraq’s next meeting is roughly November 6th through the 8th. They will…have all steps complete. That’s when they would be eligible. Their 30 days towards membership would start right around early November…Full member probably by the end of December of this year.
Militia Man
Militia Man – Dinar Guru They will need to have an international IMF Article XIV and Article VIII compliant currency. One that the Central Banks can defend and likely in a very fast and efficient manner with the most advance systems in the world. The focus in the future is going to be instantaneous cross border payments 365/24/7 and no blackouts with little cost. It is now the time to be paying attention…
Samson
Samson – Dinar Guru Article: “Wardastan deposits about 100 billion dinars of non-oil revenues in the Iraqi state treasury“
Militia Man
Militia Man – Dinar Guru Al Sudani said Article quote “The time has come for Iraq to take its natural place in the international community.” I think that’s going to resonate with every one of us…Get ready. Pay attention...
Sandy Ingram
Sandy Ingram – Dinar Guru [We] keep hearing about international standards from the Central Bank of Iraq. We can only hope that this means the country will be joining the international community in the foreseeable future.
Samson
Samson – Dinar Guru Article: “Al-Sudani returns to Baghdad after participating in the UN General Assembly meetings“
Militia Man
Militia Man – Dinar Guru Iraq is talking about “economic confidence”, “consumption”, “investment”, all of these things. At 1310? I don’t think so. I don’t think that’s what they’re talking about. I really don’t think Iraq is going to be the savior of the international financial system or bring any confidence to the world at 1310. Because they’ve been at 1310, 1180, 1166, 1182…1460…but have they done anything about it? Are they internationally on the Forex trading? No..
Mountain Goat
Mountain Goat – Dinar Guru …my CBI contact told us the committee was planning to begin the roll out of the currency swap out in November… You will not see the US Treasury leave the CBI until this is done and the Project to Delete the Zeros (swap out) is completed.
Samson
Clare
Clare – Dinar Guru Article: “A specialist details the negatives and positives of removing zeros from the Iraqi currency” Quote: “Al-Mawsumi said…The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers, and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value…Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power.“
Militia Man
Militia Man – Dinar Guru Article: “US support for Iraq’s reform steps.. Non-oil GDP indicators rise and exceed twice the population growth rate” They are clearly hammering the concept of Iraq’s ability to reform her banking and financial sectors among the many other sectors, namely the non-oil sectors. They have had a significant focus on the 6% growth rate in revenues… There is also a focus on the international financial connectivity…Thus, with the focus they have on these topics we can see that they mean business…
Dinar Investor – Jeff
Dinar Investor – Jeff Iraq can only change the rate at one or two points in the year, beginning or the middle of the year. That was stated by Shabibi. If Iraq was going to revalue at any of those times you would see them increase their steps and actions preparing to revalue. In this month of September those steps has occurred. They have increased their actions getting critical steps…laws done. They have tremendously ramped up.
Samson
Samson – Dinar Guru “The Central Bank of Iraq is required by the Federal Reserve to stop the platform, liquidate banks and merge others“
Clare
Clare – Dinar Guru Article: “Al-Sudani concludes his visit to New York by meeting Guterres, who praised the discussions to end UNAMI’s work in Iraq“
Mountain Goat
Mountain Goat – Dinar Guru Article: “IRAQ PLANS CURRENCY REDENOMINATION AMID ECONOMIC CHALLENGES“ …this is just not another article about the Project to Delete the Zeros but much, much more...I believe this project is going to move forward this fall, and I am told not until after the US election.
Dinar Investor – Jeff
Dinar Investor – Jeff Their budget period would start October 1st…that’s why the news has increased significantly as we’re approaching October.
Samson
Pimpy
Pimpy – Dinar Guru They don’t plan on removing any zeros at the moment. Although my feeling is they will remove the 3 zeros and then change the exchange rate. What I’m hoping for is that they leave the zeros on and then change the exchange rate. Anything is possible, but unlikely. But so far we’ve got the first part we wanted, they are not removing the zeros.
Militia Man
Militia Man – Dinar Guru I’m not sure how many articles but it’s been five in the last few days, maybe even six that talk about deletion of the zeros. Article quote: “Prices involves eliminating a certain number of zeros from the nominal value of the currency…” That’s the exchange rate…Don’t make it any different…They’re going to take 3 zeros off the nominal value of the currency …That’s been beat to death but it’s cool that they’re still talking about it.
Dinar Investor – Jeff
Dinar Investor – Jeff September is the month where you have seen and heard more from the Central Bank ever throughout this entire year… They have been more vocal and have completed more steps in the month of September than any other month…Critical things are happening. They’re preparing to go international.