I hold millions of dinar and people act like I don't want the $3.22 exchange rate with the current currency, 'No, Pimpy doesn't like it. He doesn't believe in it.' What the hell are you talking about? I own millions of dinars. Nothing would make me more happier than them to jump up to a $3.22 rate and keep the same bank notes that we got now.
Can the Iraqi dinar get as valuable as a Kuwait dinar? Of course it could. There's a lot of hurdles there. Are they [Iraq] going to be reinstated? No. Two different stories.
The invasion and occupation [of Kuwait] was about 7 months...The Kuwait government was still able to do business as usual outside of Kuwait, use the money they had in their reserve fund.
Iraq did not have that, not to mention the fact that Saddam Hussein... printed the hell out of the Iraqi dinar causing the value of the Iraqi dinar to drop...You can't compare Iraq to Kuwait because there's no comparisons...
Shafaq News/ A source in the North Oil Company, owned by the Iraqi government, revealed on Wednesday that the process of repairing the Iraqi-Turkish line has been completed by 100% while indicating that the pumping operations depend on government instructions related to resuming exports from the Kirkuk fields to the port of Ceyhan.
The source said, "The North Oil Company completed the process of repairing the Iraqi-Turkish line after ISIS members sabotaged it. The work included repairing the damaged parts, specifically between the governorates of Kirkuk, Saladin, and Nineveh."
He pointed out that "the North Oil Company worked over the past months to replace the damaged parts by the Oil Lines Department, which contributed to the work and completed the complete repair of the pipeline, and it is now ready to transfer any quantity determined by the Iraqi Oil Ministry to resume the export of crude oil from the Kirkuk fields to the Turkish port of Ceyhan."
"The current production of the North Oil Company amounts to 350 thousand barrels per day, of which 10 thousand barrels are allocated for export to Jordan and up to 100 thousand barrels for local filtering and refining units in the refineries, and some private refineries in Erbil and Al-Sulaymaniyah are also being equipped with quantities specified by the Ministry of Oil for refining and producing gasoline and other petroleum derivatives."
The source at the North Oil Company confirmed, "The operation of electrical power to the station through the mobile station, as well as the trial operation of the main electric motors, in addition to delivering electricity to the station sites."
This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step .
The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.
The US Ambassador to Iraq, Alina Romanowski, confirmed that her country is “committed to the security, stability and sovereignty of Iraq.”
“️U.S. and Iraqi leaders are conducting negotiations on the transition of the international coalition and specifically the U.S. military presence,” Romanowski said in an article. “We want the Iraqi security forces to have the necessary capabilities to confront future threats,” she added. “We need economic, cultural, educational and popular relations that build a stable, secure, sovereign, prosperous and connected modern Iraq,” she continued, stressing that “the United States remains the largest donor and supporter of Iraq.”
“Our embassy in Baghdad and our consulate general in Erbil issue thousands of visas annually to support the travel of Iraqis, reunite them with their families, enroll in universities, conduct research, establish business relations and receive medical treatment,” Romanowski said .
She stressed that Washington’s support “the Central Bank of Iraq in increasing the number of commercial banking correspondence relations for Iraq, which is a huge achievement for Iraq in normalizing global trade relations and conducting its trade safely using the US dollar.” “️We are building bridges between the people of the United States and Iraq that will last for many generations,” she stressed.
Comment: ...I am starting to think this is all bullcrap…please talk me off the cliff. MarkZ: Were you paying attention yesterday morning? Did you see the article yesterday where they are “OPENLY” talking about changing the rate
[Reference MarkZ posts 1 & 2, 3-11-24, below]
…and we know they have formed a committee to educate folks on the repricing because of changing rates. We know its going to happen…it’s the “when” that is still the monkey on our backs….
[Reference MarkZ posts 1 & 2, 3-11-24, below]
If Iraqs rate comes out at .76…Wonder what VND rate will be? MarkZ: ...that could mean...dong at .36 - .40 cents…we always thought the VND would be 3/4 of the value of the IQD. And I believe those rates are the worst case scenarios. So nobody panic. I still very much think that we could get up to $4 on the dinar…and closer to $2 on the dong...