If you do the math on it, if you drop the three zeros from the exchange rate of the nominal value of the currency.
If the exchange rate is $1 divided by 1310 gets you .0007643 or real close, which is far less than a penny.
If you drop the three zeros off the exchange rate you've done a big service. You've created value to that currency because if you drop three zeros from the exchange rate that is .76...They can then add the Real Effective Exchange Rate based off the non-oil revenue streams...
Alaq says we're going to enhance the confidence in the dinar...Remember what Sudani said. He warned the citizens twice at least, to be careful with your dinar. Don't get rid of it. It's going to be stronger. Openly, the two big guys, Iraq prime minister and Iraq Central Bank governor has told the citizens...we're going to bring value.
Banking Advisor: Government Committed to Opening New Horizons for Partnership with Investors
Wissam Al-Mulla the Prime Minister's representative and advisor for banking affairs, Saleh Mahoud, confirmed today, Tuesday, the government's commitment to supporting the Securities Commission and opening new horizons for partnership with investors, calling on the legislative authority to accelerate the issuance of the necessary legislation to meet the requirements of the modern market and enhance the investment environment in Iraq.
"It is a great honor to represent Prime Minister Mohammed Shia al-Sudani in this event organized by the Securities Commission," Mahoud said at the World Investor Day conference, which was attended by the Iraqi News Agency (INA) correspondent. "This conference represents a vital platform to strengthen ties between the government and investors and highlights investment opportunities available in Iraq," he added. "The world today lives in an era characterized by rapid economic changes, which requires activating the role of the securities sector as a major tool to stimulate economic growth," he added, adding that "the Iraqi government headed by Mohammed Shia al-Sudani is fully aware of the importance of this sector as a lever for growth and attracting local and international investments."
He pointed out that "global experiences have proven that investments are not only an engine for growth, but also a means to develop infrastructure, create jobs, and enhance transparency and efficiency in resource management," considering that "the Securities Commission is a vital partner in achieving these goals, as it works to regulate markets and enhance their protection.
" Mahoud stressed "the importance of cooperation between the public and private sectors," emphasizing that "the success of investments depends on investment partnerships that contribute to mitigating risks and increasing confidence."
He explained that "there is an urgent need to accelerate the issuance of the necessary legislation to update the legal system to suit the requirements of the modern market, as there must be clear mechanisms to protect investors and facilitate investment procedures, which contributes to improving the business climate in the country."
He pointed out, "the importance of strengthening corporate governance, as building a strong governance system is vital to ensuring transparency," stressing, "Investors must feel that their money is protected and that there are effective mechanisms to monitor performance." Mahoud called for "focusing on education and awareness, as building human capacities and developing skills in the financial sector contribute to creating an attractive investment environment," stressing, "the importance of holding training programs and workshops targeting investors, bankers and government agencies."
He stressed, "the commitment of the Iraqi government and Prime Minister Mohammed Shia al-Sudani to providing support to the Securities Commission and opening new horizons for cooperation and partnership with investors," considering that "this conference is an important step towards building a prosperous and sustainable Iraqi economy." link
Protesters...are Iranian...they infiltrate Iraq because of what's going on. They want money. They don't want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down. They want to retard the process. It's not working. I don't think it's going to work...
Question: "Can you please share some details about why you stated that those in California will have to know what they are doing [when the time comes to exchange]?" Because you got a bad government there...
They go with policies that are illogical let alone indecent...Yeah, California taxes are going to be insane.
National Union: We are working to activate Article 140 to serve the disputed areas
The Patriotic Union of Kurdistan confirmed that it is working to support and assist the disputed areas and is working to resolve this issue in accordance with the permanent Iraqi constitution.
The Patriotic Union of Kurdistan announced, within the program of List 129 for the Kurdistan Parliament elections, several points to serve the disputed areas, which are working to activate Article 140 of the permanent Iraqi constitution and implement all its paragraphs, in addition to normalizing the security, military and political conditions in the disputed areas that are going through abnormal conditions due to the repercussions of the referendum.
The Patriotic Union stressed that it insists on the share and entitlement of the Kurds, according to the election results, in the administration of those areas and the continuation of assistance to service institutions in the disputed areas, especially the Kurdish areas that were neglected by the administrations imposed on those areas and support for Kurdish studies in those areas and the acceptance of a good number of students in the universities of the region and support and assistance to Kurdish cultural, artistic and sports institutions in the disputed areas. link
I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting...
In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations.
I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.
