Saturday, September 30, 2023

"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 30 SEPT

 STATUS OF THE RV

So, in the past we have talked lots about SECURITY & STABILITY and how they were necessary to conduct the Project to Delete the zeros, which leads to the RV and Reinstatement.
But we talked more about the stability part and so let’s cover the security part today.
Is Iraq secure?
Do they have the capability the worth off another major ISIS or like threat?
I quote – “The Joint Operations Command confirmed, today, Wednesday, that it possesses all preparations and weapons to preserve the country’s security and capabilities.
The command’s spokesman, Major General Tahseen Al-Khafaji, said {to Al-Furat News}: “We, as security forces, possess the preparations and weapons that enable us to maintain the security of our country, its capabilities, and vital targets.”
Al-Khafaji added, “The armament of the security forces is good and we aspire for it to be higher, as well”.
Also the US government in Washington confirmed that the presence of US troops in Iraq is agreed with Baghdad days after statements by Iraqi Prime Minister Mohammed Shiaa Al-Sudani that ISIS no longer poses a threat, and that his country no longer needs the international coalition.
I quote from the article – “ US forces are in Iraq at the invitation of the Iraqi government to undertake the task of advising, assisting and empowering,” State Department spokesman Matthew Miller said.
Also Al-Sudani noted in an interview with C. N. On the sidelines of his participation in the 78th session of the United Nations General Assembly, the “the Iraqi and American Ministries of Foreign Affairs are arranging a date this year, to meet the invitation of the American President for us to visit Washington,” noting that “one of the most important topics to be discussed in the visit is the Strategic Framework Agreement.”
You decide if Iraq is now secure enough….. 😊
Does it meet these guidelines of SECUIRTY imposed by the U.S.?
Why would the US agreed to pull out of Iraq is they felt it was not secure enough and Iraqis could not handle a crisis?
THE DOLLAR SAGA continues….
We also read in the news today that over the course of the dollar crisis, the government took several decisions that were intended to reduce the value of the dollar against the dinar, but these decisions failed to find solutions, and the crisis is still continuing.
The economic expert, Diaa Al-Mohsen, believes that the Central Bank of Iraq is “incapable” of finding the real mechanism to control the rise in dollar prices, pointing out that “the Central Bank works with a mechanism that allows the process of evasion and currency smuggling.
But we know the solution they must take and that is to make the Iraqi dinar more valuable than the US dollar.
Al-Sudani months ago already told us the dinar was more valuable but the “official rate” is still 1/6 of a penny.
So, until they decide to pull the plug and let it go they will continue this fight against the dollar.
The new peg is to six main of the developed countries with only about 65% to the USD.
They are now pumping 2/3 more oil and have agriculture exports now and also 132 tons of gold.
Also lots of needed and valued industry needed minerals.
The Customs & Tariffs alone, if they can get their head out of their asses, could rival the oil revenues.
They are filthy rich! 😊
I am seeing a constant rate of about USD $3.80-$4.25 range on the back screens at the bank right now.
I wish we can see the RV at least within Iraq so they can exchange to the newer lower denominations by then, but I do not have a date.
Holiday in Iraq on Ocober 3 – iraqis will for the first time celebrate their Independence Day.
Next day – October 4 is Iraq finally a member of World Trade Organization.
This is hard facts that cannot be debunked.
Can Iraq still continue with the program rate of 1132 until the end of the year?
Or will CBI release the new small category notes before October 4?
This would be a grand idea for al-Sudani to do for the people on liberation day.
As you know they will not give out any dates only a window when they plan to do it.
I was told October for the re-education and them they should follow closely with the newer lower notes.
But remember this is not their final rate.
It is only a temporary rate in-country for the citizens to make the transition to the newer lower denominations and to suck up all the 3 zero notes.
I said temporary even in Iraq.
The dinar CAN NOT have two rates at once.
We will see a different rate on FOREX and this will then be the in-country then also once they complete the redenomination, which will be much higher.
Since they do plan, as far as I am hearing, to reinstate the dinar until around January, they will use the in-country RV rate first, as I just mentioned.
At that time the programs rates are done.
No more 1132, it will be around 1:1 with the US dollar.
About the WTO accession, the articles told us months ago they were in the final stages and so they are all ready to go.
They only want a currency that can be international prior to making the final move.
They don’t need the currency to revalue only reinstate to be in the WTO, but we know they will revalue when they do reinstate it and go international.
I repeat, they DO NOT have to RV (no mandate for the WTO says they do) only need to reinstate for the WTO, but they are choosing to significantly revalue when they do reinstate it.

No comments:

Post a Comment

"RV UPDATE" BY CLARE, 20 MAY

  Clare    Article Quote:  " Members of the Security Council support ending the mission of the UNAMI mission in Iraq "   Quote:   ...