The oil for the [??] Port hasn't left yet, salaries payment hasn't been paid yet. One thing leads to another, that leads to what? A Real Effective Exchange Rate. I think that's where we are are. I think that's pretty self-evident...
Revenue streams are increasing. They're promoting the private sector which is going to create thousands and thousands of jobs...These 10 cities they're going to build it's going to be a lot of construction. They're not going to do that at 1310. If it costs you 1310 dinars for every dollar for every screw that might cost a buck a screw. Try to build a country with 1310. It's not going to happen...
The fact remains Iraq is filthy with wealth. They're filthy with their revenue streams. They're going to be filthy with employment. They're going to be doing a massive amount of stuff. When I say, 'radical', it's true.
Is there going to be a radical change...in their currency? I believe so...When I talk about radical changes, they're happening.
Information / Baghdad.. A member of the Parliamentary Security Committee, Representative Waad Al-Qaddo, confirmed on Thursday that the American occupation forces will flee from Iraq.
Al-Qaddo said in an interview with Al-Ma’louma, “No two people in Iraq disagree that the presence of American forces is illegal and that they are exercising the role of an occupying force, and the examples are many,” noting that “it is not possible to accept the survival of a force that attacks the mobilization of the people and their leaders with treacherous raids from time to time.” Which leads to martyrs and wounded.”
He added, “We are absolutely certain that the occupation forces will flee from Iraq within a short period because their presence is illegal and without the consent of the people, and that their current presence is temporary.”
He pointed out that “the pressure to remove American forces is at its peak, and there are efforts to continue ending the American occupation in Iraq.”
American forces are deployed at the Ain al-Assad and al-Harir bases, and they include thousands of soldiers with squadrons of aircraft and armor.
Article: "Urgent: Iraq receives an important message from America. And the Sudanese are studying it to respond" Not only did they not tell us what was in the message but they're letting us know that an important one came across...I'm sure it's really serious...We need Iraq to stay stable and secure in order for their economy to grow, in order for outside investors to get involved, in order for them to strengthen their dinar, before we ever see an exchange take place...
When people say they have to be article VIII compliant, they have to delete the 3-zeros, they make it sound like it's a mandate. They don't have to delete the 3-zeros. It's idealistic if they do but they don't have to delete the 3-zeros...No where does it say it's mandated.
There is a lot of good news out there for Iraq. But you can't keep reporting the good news and saying that's the reason why it's going to be reinstated at $3.22. There's no way they can carry out all these projects because they can't afford to. That's a lie. They've already calculated it in their budget the necessary money needed to do these projects. They did it at the current rate. Don't fall for that crap.
I never said it's not going to happen. It absolutely will but it's going to go up in increments IMO. Is Iraq doing what they need to do to get back on track? They are. What are the biggest hurdles? They need to do something about corruption...Unless these things change we're going to have a hard time getting to where we're trying to...change the exchange rate.
Parliamentary Finance: The US Federal Reserve besieges the Iraqi citizen with dollars
Information / Baghdad.. On Thursday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, accused the United States of America of exercising blackmail and pressure towards Iraq by creating a dollar crisis.
Al-Kadhimi said in an interview with the Maalouma Agency, “The American measures taken by the Federal Bank were the main reason behind the continued rise of the dollar against the Iraqi dinar.” He added, “Washington is still exercising its conditions on Iraq to put pressure on the parallel market,” noting that “the US Federal Reserve sets strict conditions on merchants importing goods from neighboring countries.” He pointed out that “the Iraqi citizen is a victim of the arbitrary measures of the United States of America,” noting that “the Iraqi economy relies heavily on foreign imports to cover the total demand for goods.” Former MP Raed Fahmy had previously confirmed to Al-Maalouma that the political reason was related to the US Federal Reserve’s strict measures for political purposes in order to put pressure on the Iraqi side.
FIREFLY: Television is showing Parliament Finance committee saying weare close to closing the parallel market and solving the dollar exchange rate. FRANK: How many ways can they tell them?
FIREFLY: Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars. They stole over 1 trillion dinar...individuals arrested and groups have been stopped.
FRANK: The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally...
FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms .
FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms ...What happened at Davos put the monetary reform on light speed.
FIREFLY: On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.
FRANK: Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you. This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.
They will never talk to you about something that needs to be done. They will talk to you about it after it is done. That is what is called the float and that is what is going to take you back to your RI. Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...
The goal of the CBI is to reach the Real Effective Exchange Rate. In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.