Pimpy Question: “Does Pimpy hold dinar?” Yes, Pimpy has 5 million dinars.
Sandy Ingram As long as there is positive movement in Iraq [we] feel obligated to keep going…
Frank26 Question: “Are we going to pay taxes on our dinar?” Of course you are. In what world do you not pay taxes? Seriously, stop. You’re dreaming if you think you’re not going to pay taxes on something like this. You’re the backbone of the United States of America. You’re the tax payer…How else do you think America pays its bills?
Militia Man Iraq is under sanctions and is not actively traded globally at any significant means. But when they are, when they do have a real effective exchange rate, there’s going to be an impact to all [their] trading partners…When Iraq hits the Forex they’re going to be monitoring all those [trading] countries to play by the rules with a level playing field…They’re going to have to play fair with real fundamentals…They’re not going to want anybody taking advantage of when Iraq has a real effective exchange rate. They want a stable exchange rate.
Kaperoni Article: “Al-Atwani: Iraq’s integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy.”
Pimpy What we’re hoping they’ll do is make it where the central bank digital currency is being used for digital banking but still allow customers to come in and be able to take out physical cash. Doesn’t sound like it. All the articles I’m reading, it’s not going to happen. So still looking into this because I’m not sure 100% what that means…for people who are holding on to the dinar as an investment. Are we going to be able to swap it for our cash or do we have to find some form of wallet so we can swap it for the CBDC?
Sandy Ingram The implications of [the Iran] negotiations extend beyond Iran and Israel…A successful deal could lead to regional stability potentially boosting Iraq’s economy and security…Iraq’s government must…foster positive relations with both the US and Iran. The value of the Iraqi dinar is also susceptible to the outcomes of these negations. A successful agreement…could stabilize oil markets benefiting oil dependent economies like Iraq. This stability might strengthen the IQD… However renewed sanctions or military conflict could disrupt oil exports and regional trade exerting downward pressure on the IQD…The stakes remain high.
MarkZ [via PDK] Article: “The coordination framework calls for resolving disputes between the centre and the region through the legislation of the Oil and Gas Law” …15 years ago – I was told that when this was done – we go…and quickly. I love seeing this enormous amount of political pressure. This law should be before parliament before the middle of June.
Bruce [via WiserNow] What are we hearing about our start? We’re hearing from redemption…that…we would receive notifications on Tuesday, so we’re not gonna get them over the weekend…more than likely we are going to get our notifications with the 800 number on Tuesday… we could start exchanging as early as Tuesday afternoon, or if not, we could start exchanges on Wednesday