Breitling
Is it [liberating Mosul] going to move anything forward for the Iraqi Dinar? NO. The Iraq Dinar is on a schedule the way it is. The Iraqi Dinar is based on oil prices…So what is it they’re looking at? How long does oil prices have to be in a certain range or it going up or is it going down? I don’t have those answers. Nobody does. I don’t even know anyone who’s able to give an educated guess at it. What they are looking at is the trend. They are not afraid if the price of oil goes down. What they are afraid of and all countries are afraid of is that it goes up and down and it’s very volatile…you guys don’t need to worry about Mosul and if they are going to take it over and if that’s the key for it going to change the value of the Iraqi Dinar. They are not looking at that…they could sell oil in the middle of a war. It’s obvious they can do that. So it’s not going to change oil sales.
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Frank26 (KTFA)
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Frank26 (KTFA)
...we didn’t see PM Abadi declare Mosul as liberated? This weekend...banks, government, nations, IMF, WB...they all wanted to see something over this weekend...with all of the international leaders meeting. Even currency traders were watching this weekend. Indeed, many watched... including you and I. We did NOT see what we wanted to see. I’d admit...I was not pleased that we didn’t see what we were looking for this past weekend. Many think “oh no...it’s a disaster!” NO! That is not the case! The LAVA-FLOW continues to flow RED-HOT! IMO...on the 17th of May...the citizens recognized that Mosul was pretty well liberated...just not officially recognized by Abadi to the International world. We don’t believe that we need the announcement of the liberation of Mosul for the RV.
Over the weekend...IRAQ bragged about something...and the Finance Minister bragged about something. They bragged that they can pay their own debt. Interesting...how? You’re still asking for loans. ...at the beginning of the year...we said you’d see the price of oil go up? We said it would go from $60 to $120, then back to $60. Oil is about to go up more...much, much more. Do you think this Arab Summit that occurred this past weekend...do you think that President Trump had all of these countries AGREE on the price of oil? Why did OPEC announce that they were cutting production. So the price of oil can go up. Oil companies will get back on track. Iraq has all of the oil in the world … but they don’t have the equipment or know-how to get it out of the ground. BIG DEALS were made over the weekend...that will fuel 72-78 + the BUDGET... So...this past weekend was NOT the venue for Abadi to talk about Mosul...the Mosul topic came up...but many other things were discussed.
...last Wednesday, we said that 40k troops were sent to the borders or Iraq? Iraq has an amazing accountability of their currency. Iraq does NOT have corruption at the border anymore. Their borders are secure! There is NO MORE smuggling over the borders! THIS IS HUGE for the MONETARY REFORM. Article 8...that’s exactly what this is! When these dealers came out and said in their email... “we can’t get the dinars anymore...except for “circulated” dinars."...Where do dealers get “circulated” dinars from? From the CBI only! This is NOT a disturbance...this is part of the MR...and the price of oil went up. WHY is it that President Trump and PM Abadi NOT talk about Mosul? They already GOT THEIR DEAL...let it play out!
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mike (Currency Chatter)
Over the weekend...IRAQ bragged about something...and the Finance Minister bragged about something. They bragged that they can pay their own debt. Interesting...how? You’re still asking for loans. ...at the beginning of the year...we said you’d see the price of oil go up? We said it would go from $60 to $120, then back to $60. Oil is about to go up more...much, much more. Do you think this Arab Summit that occurred this past weekend...do you think that President Trump had all of these countries AGREE on the price of oil? Why did OPEC announce that they were cutting production. So the price of oil can go up. Oil companies will get back on track. Iraq has all of the oil in the world … but they don’t have the equipment or know-how to get it out of the ground. BIG DEALS were made over the weekend...that will fuel 72-78 + the BUDGET... So...this past weekend was NOT the venue for Abadi to talk about Mosul...the Mosul topic came up...but many other things were discussed.
...last Wednesday, we said that 40k troops were sent to the borders or Iraq? Iraq has an amazing accountability of their currency. Iraq does NOT have corruption at the border anymore. Their borders are secure! There is NO MORE smuggling over the borders! THIS IS HUGE for the MONETARY REFORM. Article 8...that’s exactly what this is! When these dealers came out and said in their email... “we can’t get the dinars anymore...except for “circulated” dinars."...Where do dealers get “circulated” dinars from? From the CBI only! This is NOT a disturbance...this is part of the MR...and the price of oil went up. WHY is it that President Trump and PM Abadi NOT talk about Mosul? They already GOT THEIR DEAL...let it play out!
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mike (Currency Chatter)
Article:
"Iraq calls the world to draw an economic strategy with Baghdad"
Quote
"...Said Hamoudi...Iraq is the heart of the economic world..."
No it isn't, London, New York, Hong Kong, those are the hearts of the economic world, not a country with less than a $100 billion in GDP. The world has already given you an economic strategy via the UN and WB, all Iraq has to do is follow it. They still haven't reduced the government payroll, fully implemented tariff's, or passed the economic and banking laws. Get to work, Hamoudi and quit yammering about how awesome you are or could be.
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Kaperoni
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Kaperoni
...we all know the dinar is pegged to the dollar...
[...wouldn't Iraq have to/want to be in Article VIII compliance before they unpegged?]
I can only speculate based on the IMF docs that I have read. But I would assume so...because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI's Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI's Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)... There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.
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Mountain Goat
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Mountain Goat
Article:
"Experts: float the currency needs to be a productive economy and not Rieia"
This article is a series of economic experts talking about options to change the value of the dinar. They are saying that the float may work if they transform the Iraqi economy to a very productive economy. WOW! WE know they fully intend to bring the dinar up to 1:1 with the dollar and float it. The article is so amazing...it shows us that right now they are debating in the GOI over what to do with the value of the dinar.
...they are debating whether to give the CBI the “green light” again to continue with the project to delete the zeros, which ultimately is a revaluation. I told you this would be the next step post ISIS liberation and so we see it taking place right now in front of our noses. If they decide to go ahead (which I believe they will), we should then see any day now articles from an announcement from the CBI telling us they are continuing this effort once again that they postponed since 2015. This is why I luv this article so much...It is right on track and what we were expecting…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru