Frank26
[Iraq boots-on-the-ground report]
FIREFLY: He [Alaq? Saleh?] told us he's going to announce the third strategic phase of the banking system that will improve our monetary reforms...
FRANK: Put your seat belt on. Phase three will introduce to you the new categories of notes, the new lower notes, which obviously needs a new exchange rate.
FIREFLY: Television is showing Sudani is asking questions about 57 trillion that was left over from the '23 budget and nobody seems to know where this money is...There is no end to the corruption. Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people.
FRANK: 57 trillion dinars is missing from the budget of '23? ...Let's pray that he can find that money because if I was Sudani I'm not going to release any exchange rate. I'm not going to do anything with the contracts.
[Iraq boots-on-the-ground report]
FIREFLY: TV says the budget didn't go to the president for signature but to the publishing in gazette...When the budget is in the Gazette it will go live . So that means a new exchange rate will come soon to correct that new budget because it can't handle all of these projects at a program rate, correct?
FRANK: That is correct. It is also the monetary reform plan of Dr. Shabibi.
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FIREFLY: Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time...They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news.
FRANK: The monetary reform education to you citizens will get very loud...
FIREFLY: Sudani didn't say anything about the rate inside of the budget. They didn't say a word. COM didn't say anything. COM saw the budget with Sudani. We see them sitting there and they're looking it over but nothing is announced except the approval and that it's going to the House of Parliament now.
FRANK: You know very well what' going on. He will protect the budget until the very last nano second.
FIREFLY: The news has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He's telling us the best thing for it to do this is to float...Saleh now talking saying the CBI is the only one that can control this needed float.
FRANK: They're going to float your currency because with a float they can come out at a higher rate than 1 to 1...this is a reinstatement of your exchange rate...The fact that they're talking about floating all day long...is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float...on international platforms
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FIREFLY: The news has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He's telling us the best thing for it to do this is to float...Saleh now talking saying the CBI is the only one that can control this needed float.
FRANK: They're going to float your currency because with a float they can come out at a higher rate than 1 to 1...this is a reinstatement of your exchange rate...The fact that they're talking about floating all day long...is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float...on international platforms
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FIREFLY: Ever since Sudani came back from Washington DC he has been talking to us about metal coins and paper fils. He said the coins are both silver and gold...
FRANK: The monetary reform education is being presented to the Iraqi citizens...
FIREFLY: International Development Bank opens in Erbil.
FRANK: Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it. They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released.
FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries...They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market..
FIREFLY: They said our success is from the visit to the United States of America because it lifted almost all sanctions on our banks and others are close to being lifted too.
FRANK: They also delivered the new exchange rate.
https://dinarevaluation.blogspot.com/2024/05/iraq-boots-on-ground-report-by-firefly_0858585158.html