Kaperoni
Article:
"Experts: float the currency needs to be a productive economy and not Rieia (rentier)"
Quote:
"...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..."
This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
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Mountain Goat
So what happens next after Mosul liberation is announced? I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage. I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign.
So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead.
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Bluedog (KTFA)
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Mountain Goat
...I was told that the final stages of the liberation of Mosul was very close at hand... So here is the “official” update on the liberation of Mosul effort:
Quotes:
"...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days."
"...we have one neighborhood left to announce the final victory in Mosul."
WOW! Just one more neighborhood! ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today!
So what happens next after Mosul liberation is announced? I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage. I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign.
So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead.
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Bluedog (KTFA)
IMO...AS I SEE THINGS...IRAQ ARTICLES AND SEEING IRAQ TV CHANNELS THAT PUT THINGS IN PRINT ON THEIR SITES...FIRST I SEE AGRICULTURE IS NOT MEETING THE BUDGET...AND WE SEE THAT OPEC IS WORKING TO CUT PRODUCTION. AS YOU HAVE SEEN OIL PRICES RISING...SAUDIS TO VISIT IRAQ ENERGY MINISTER SOON...NOW IRAQ CAN PAY ALL THEIR DEBTS...COME ON...WELL GOT THAT FIGURED IN TO THIS HUH. TRUMPS VISIT WILL IMO TAKE CARE OF THIS TO BRING IRAQ BUDGET BACK TO ABUNDANCE...YOU SEE COUNTRY AFTER COUNTRY COMING IN TO SIGN DEALS WITH IRAQ. KUWAIT IS DROOLING OVER THE INVESTMENT PAYBACK.
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Bluwolf
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Bluwolf
...both the GCR and RV's are imminent, there are no delays tactics, this is what is actual, anything else is just a fantasy.
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Breitling
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Breitling
…these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.
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RayRen98 (TNT)
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RayRen98 (TNT)
From across the pond, since last Friday...we got everything leading up to the public release of the RV. The information let us know something good is about to happen, and part of that should be today and every day the rest of this week, just based on the information. We know preparations were underway for celebrations last Saturday, and PM did send out a tweet about the liberation of Mosul in the past tense, and said that economic reforms were being initiated. We heard that all their goals had been accomplished in the west of Mosul... Right up through today...97% of Mosul is liberated – that’s public information.
The CBI and dealers started putting up notices that no dinar is leaving the country, mainly aimed at three zero notes. Fils and lower denominations were supposed to flow on Sunday. Did the lower denominations comes out? My best info tells me that lower denoms did come out in some provinces yesterday, but the plan is for them to gradually disperse throughout the week, wrapping up this coming weekend, at the edge of Ramadan. We have every expectation of this wrapping up by Ramadan, although I don’t have anything about being in the bank before Ramadan. Meanwhile we wait for the light to go green... I have the feeling we are super-super-close.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
The CBI and dealers started putting up notices that no dinar is leaving the country, mainly aimed at three zero notes. Fils and lower denominations were supposed to flow on Sunday. Did the lower denominations comes out? My best info tells me that lower denoms did come out in some provinces yesterday, but the plan is for them to gradually disperse throughout the week, wrapping up this coming weekend, at the edge of Ramadan. We have every expectation of this wrapping up by Ramadan, although I don’t have anything about being in the bank before Ramadan. Meanwhile we wait for the light to go green... I have the feeling we are super-super-close.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru