Mnt Goat says - some banks are already showing a new rate as calculated by the new system of very close to $4.00.
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Mnt Goat says - some banks are already showing a new rate as calculated by the new system of very close to $4.00.
by Ponee Mon Sep 09, 2019 3:15 pm
Mnt Goat
We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China...is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within Iraq.
How can they survive and transfer funds to and from Iraq with this currency auction still in place?
Do they want to mess with these 3 zeros?
Don’t they want a normalized and simplified currency denominations to work with?
The answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros.
09.10.2019
~~~~~~~~~~~~
What about getting HCL and article 140 completed?
The HCL is already completed and has been passed since 2018, but not yet implemented fully and that is the problem. This too must be implemented and not just a law on paper. ...Iraq is NOT going to get back their global currency...unless they implement their constitution “fully”...There are two main areas of concern- Article 140 and HCL. Some say also judicial reform but this is also already underway...Many also say that the Iranian influence must be gone out of Iraq...As long as they are in Iraq the US will keep a military presence in Iraq. I do not believe this is going to stop the reinstatement. If it was, they would not have progressed to this point of launching the smaller, smaller category notes and coins.
09.09.2019
~~~~~~~~~~~~
...One of the most important reasons we know for sure they will significantly increase the rate upon the movement process to FOREX is that the CBI told us they plan to put the dinar within a basket of currencies. This basket is the SDR basket of 5 of the leading developed countries in the world and that Iraq is most likely to conduct trade with them. So, the rate must change or else this basket will not work which is the purpose of the basket in the first place – to put currencies “on a level playing field”. .. I am telling you FACTS about the process... the process stated to all of us way back in 2011 by the CBI...
The rate to reinstate will be essentially the rate prior to the invasion in 2003 with adjustments for equity. We know that the CBI initially wanted to reinstate with this same kind of rate but could not without the banking reforms, the increase in oil production and the gold deposits since discovered... So, they are [in] a great shape to come out at about $3.12+ and some banks are already showing a new rate as calculated by the new system of very close to $4.00. But remember this rate shown could easily be recalculated at the last minute and then moved to FOREX. So we just don’t know for sure...
We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China...is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within Iraq.
How can they survive and transfer funds to and from Iraq with this currency auction still in place?
Do they want to mess with these 3 zeros?
Don’t they want a normalized and simplified currency denominations to work with?
The answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros.
09.10.2019
~~~~~~~~~~~~
What about getting HCL and article 140 completed?
The HCL is already completed and has been passed since 2018, but not yet implemented fully and that is the problem. This too must be implemented and not just a law on paper. ...Iraq is NOT going to get back their global currency...unless they implement their constitution “fully”...There are two main areas of concern- Article 140 and HCL. Some say also judicial reform but this is also already underway...Many also say that the Iranian influence must be gone out of Iraq...As long as they are in Iraq the US will keep a military presence in Iraq. I do not believe this is going to stop the reinstatement. If it was, they would not have progressed to this point of launching the smaller, smaller category notes and coins.
09.09.2019
~~~~~~~~~~~~
...One of the most important reasons we know for sure they will significantly increase the rate upon the movement process to FOREX is that the CBI told us they plan to put the dinar within a basket of currencies. This basket is the SDR basket of 5 of the leading developed countries in the world and that Iraq is most likely to conduct trade with them. So, the rate must change or else this basket will not work which is the purpose of the basket in the first place – to put currencies “on a level playing field”. .. I am telling you FACTS about the process... the process stated to all of us way back in 2011 by the CBI...
The rate to reinstate will be essentially the rate prior to the invasion in 2003 with adjustments for equity. We know that the CBI initially wanted to reinstate with this same kind of rate but could not without the banking reforms, the increase in oil production and the gold deposits since discovered... So, they are [in] a great shape to come out at about $3.12+ and some banks are already showing a new rate as calculated by the new system of very close to $4.00. But remember this rate shown could easily be recalculated at the last minute and then moved to FOREX. So we just don’t know for sure...
Last edited by Ponee on Wed Sep 11, 2019 8:30 pm; edited 2 times in total
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Re: Mnt Goat says - some banks are already showing a new rate as calculated by the new system of very close to $4.00.
by Kevind53 Mon Sep 09, 2019 10:54 pm
So the Goat is back to his/her old tricks I see ...
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Re: Mnt Goat says - some banks are already showing a new rate as calculated by the new system of very close to $4.00.
by Ponee Tue Sep 10, 2019 11:08 am
@Kevind53 wrote:So the Goat is back to his/her old tricks I see ...
Yes, nothing ever changes in dinarland, except the dates that are passing by.
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SOME BANKS????????
by fountainpure Wed Sep 11, 2019 9:33 am
What are the names of those Banks in question and where are they located?
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Re: Mnt Goat says - some banks are already showing a new rate as calculated by the new system of very close to $4.00.
by Ponee Wed Sep 11, 2019 12:05 pm
@fountainpure wrote:What are the names of those Banks in question and where are they located?
Excellent question!
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