I am forex trader dubai37 comments
They will do this in articles using the news media. Then we will have the solid proof we need and have been waiting for. However, this is only going to happen once the USA does it part in the agreement made just weeks ago to let the re-instatement occur.
So far we wait for this next step by the USA. My approach is centered around the Central Bank. I can tell you I know for the FACT that the official re-instatement of the Iraqi dinar has already happened on paper but I have no solid proof of it to give you, such as an article or something.
I took a chance on telling you as I debated not to. I thought you should know. Financial transactions between Baghdad and the Kurdistan region are back to normal. In other words are turned back on. There are several parallels to what Iraq is trying to accomplish, Egypt and Morrocco are the latest. Open up the country for investment We suspect the SBA reforms is leading towards currency reform. Our schedule still indicates the 15th or 16th that we should be looking to see the currencies on Forex, and that some of us should be exchanging prior to that.
Right now could something pop out in the next 30 minutes? The wheel is turning. Definitely a fire in the oven I believe. For all intents and purposes we are almost there. All the things we wanted to see done over there are done. We are in the final stretches still. We just have to wait and let it come on through. Mahdi Al-Alak, the main recommendations to ensure an appropriate climate for investment, with a number of heads of councils, financial and economic unions and Iraqi businessmen and investors.
This first quarter is shaping up. So, we too wait. They have done everything we know of except having their rate posted for their Iraqi dinar on their CBI website.
Iraq is still under major information black out in or out of Iraq. The only way we know anything is by calling our direct contacts who have family in Iraq and we get a little bit by phone. For example we know some of the contacts that we have are Iraqi citizens that have dual citizenship and live in the United States were told they will be getting a major raise in their accounts through Rafidain Bank between today and January 13th. That is a good indicator when they are told they will have an increase to their pay due to retirement, or increase their profit sharing from their oil revenues.
All those raises reflect due to a rate change as well. Things are moving it appears from east to west. We had a black out of information out of Iraq and also true in communication normally made by the large international banks. Their communications had a cease and desist order. That is a good sign that things are really happening.
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