Monday, December 18, 2023

Jalal Talabani’s Party Secures Victory in Kirkuk: Shaping the Future of Coexistence among Iraqi Nations in Provincial Elections, 18 DEC

 Jalal Talabani’s Party Secures Victory in Kirkuk: Shaping the Future of Coexistence among Iraqi Nations in Provincial Elections, 18 DEC

The Iraqi provincial elections reshaped Kirkuk’s political landscape as Kurdish lists secured eight seats, marking a significant win for the Kurdistan Patriotic Union (PUK), the party of Jalal Talabani, the former president of Iraq. Beyond Kirkuk, the broader implications for Kurdish influence in Iraq’s provincial councils unfolded amidst regional variations and intricate political dynamics.

Snapshot of Election Day

Election day saw robust arrangements with 7,166 polling stations nationwide, but midday revealed a mere 17% voting participation, reflecting voter apathy. Despite this, the elections concluded successfully in 15 governorates. Notably, special voting provisions for security forces, displaced persons, and inmates boasted a remarkable 67% participation rate, shedding light on the diverse patterns of civic engagement.

Preliminary results from Kirkuk showcased a resounding success for Kurdish lists, securing eight seats in the provincial council. The dominance of the Kurdistan Patriotic Union (PUK) with 5-6 seats, alongside the Kurdistan Democratic Party (KDP) and New Generation’s one seat each, underscored the influential role of Kurdish political entities in shaping Kirkuk’s political trajectory.

Kurdish Islamic Parties on the Sidelines

Contrary to mainstream success, the Kurdish Islamic parties Komal and Yakgrtu on the Kirkuk Torch coalition list failed to secure any seats, prompting questions about political ideologies within the Kurdish community. Understanding the dynamics behind their limited success provides insights into the evolving political landscape in Kirkuk and the factors shaping voter preferences.

Implications for Kurdish Political Power

The triumph of Kurdish lists in Kirkuk holds broader implications for Kurdish political power in Iraq. As the PUK showcases electoral strength, this victory signifies potential changes in the balance of influence within the Kurdish political spectrum. These shifts carry implications for regional dynamics and inter-party relations, shaping the broader political landscape.

While Kirkuk takes center stage, the success of Kurdish lists in other governorates significantly contributes to shaping the overall Kurdish political landscape in Iraq. Analyzing the distribution of seats across provinces offers a comprehensive understanding of the community’s influence, providing insights into potential alliances, collaborations, and power dynamics within the broader Iraqi context.

A Test for Democracy

Viewed as a test for Prime Minister Mohammed Shia al-Sudani’s government, the elections were expected to strengthen Shiite pro-Iran groups, particularly the ruling Coordination Framework coalition. The boycott by Shiite cleric Moqtada Sadr, citing corruption concerns, and the formation of a joint alliance by Sunni leaders underscore the intricate dynamics within Iraq’s political landscape, adding layers to the democratic process.

Regional Variations and Implications

In Kirkuk province, the victory of Kurdish lists, particularly the Kurdistan Patriotic Union (PUK), holds significant implications for the political representation of different groups. The lower turnout compared to the 2021 parliamentary polls emphasizes the need for a detailed analysis to comprehend voter participation dynamics and the influencing factors. The provincial council elections serve as a critical reflection of Iraq’s ongoing political developments, setting the stage for the forthcoming 2025 parliamentary elections.

https://bnnbreaking.com/watch-now/jalal-talabanis-party-secures-victory-in-kirkuk-shaping-the-future-of-coexistence-among-iraqi-nations-in-provincial-elections/

Iraqi DinaršŸ”„1To1 Exchange Rates Movement Towards Today 2023šŸ”„iraqi dinar ...

BRICS has a secret world order plan - Here are all the juicy details BY GOLDILOCKS, 19 DEC

 BRICS has a secret world order plan - Here are all the juicy details 

BRICS nations are strategically planning to undermine US dollar dominance, aiming to establish a new global financial order.

A potential BRICS currency could significantly impact key US economic sectors, including banking, trade, and tourism.

The upcoming 16th BRICS summit in 2024 is set to be a pivotal event in advancing this new financial paradigm and global economic rebalancing.

https://www.cryptopolitan.com/brics-has-a-secret-world-order-plan/

Parliamentary Economy: The current world budget surplus will reduce next year’s budget deficit, 19 DEC

 Parliamentary Economy: The current world budget surplus will reduce next year’s budget deficit

On Monday, Yasser Al-Husseini, a Parliamentary Economy and Trade Committee member, confirmed that the surplus from the 2023 budget would be used to fill the deficit in the 2024-2025 budget.

During an interview, Al-Husseini mentioned that the government still needs to allocate funds for the 2023 projects, which could result in financial deficits for the following year’s budget .

He stated that the current budget deficit of 64 trillion will be covered by the surplus in the next fiscal year. He also mentioned that the funds allocated to various projects have yet to be utilized, which will result in a financial abundance that can be utilized in future budgets.

Parliament approved the budget six months ago after a difficult struggle due to political controversy that disrupted the country’s economic interests.

"Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies" BY GOLDILOCKS 19 DEC

 "Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies"


The World Trade Organization has been working on currency reform for some time. This is not new information, but new data showing up at the end of this year is.

The tokenization of assets backed by real values in gold is coming to a head in January 2024. It will begin to leave us with real values to work with in making currency valuations more sustainable and supportive to our new local currencies trading in several countries around the world.

The reason why we have monetary policies is to manage economic fluctuations and achieve price stability.

We are beginning to get some direction inside this area of the economy and moving forward with new guidelines and policies will help us to achieve new exchange rate values.

© Goldilocks
Modern Diplomacy Link

šŸ”„Iraqi DinaršŸ”„Six in the EeveningšŸ”„News Guru Intel Update IQD Value to USD...

"THE UPI INTERFACE" BY DINAR IRAQ & DONG VIETNAM, 18 DEC

 “CFTC Approves Proposed Amendments to Regulations Regarding Real-Time Public Reporting and Swap Data Recordkeeping and Reporting Requirements

This new data collection is expected to harmonize International Data swap transactions that take place on the Forex Market.
It begins on January 1st, 2024.
It is designed to create accurate and efficient reporting of the data being transferred back and forth between cross-border International trading.
The UPI is expected to adopt and use this new reporting rule on January 29th, 2024.
The Unified Payments Interface is the foreign currency mechanism that India is going to use next year in International trade between countries.
Iraq, Vietnam, and Indonesia are three of several countries that will utilize this UPI interface.
It will allow several Banks across the world to exchange on the Forex Market under one digital mechanism.
Trade digitalization will boost Vietnam’s connection on the global stage “Digitalization offers opportunities for a country to engage in international trade, benefiting micro, small, and medium-sized enterprises, although there will be regulatory challenges, according to HSBC.”
Vietnam is finishing up their version of the QFS system to be interfaced with the overall system this month as their assets are supposed to be tokenized as of yesterday.
Vietnam already has Basel 3 compliance to support their markets through a banking system fully compliant in commodity backing.
These new opportunities and new demands to move into the international world will begin creating price pressures on their currency going forward.

Evening News with MarkZ. 12/18/2023

Monday Evening News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good evening all…….Any RV news anywhere???

Member: I know you are traveling back to PR on Wed. What happens if we get notifications that day?

MZ: Well because there is a chance of that…I made sure I booked a flight with internet. So I will be able to go live….no matter where. 

MZ: The rumors are through the roof. From Iraq especially….that they have expectations for the next 48 hours and before the 20th. I do not know if it will happen on the 20th….but I do feel it will happen within the next few weeks. 

MZ: But bank groups are positioning for the next few days. …I am hearing the same from bond folks and every source that I have. 

MZZ: Banking contacts are all looking at the next 36/48 hours…..We really are close….but leets see what happens. 

Member: 36-48 hours matches what MY has been telling me for the last week & a half.

MZ: But everyone stay grounded. You all know it’s inevitable. It’s a “when” and not an “if”.. Historically we know it’s inevitable as banks cannot pay their debt. There are massive derivatives coming due. 

Member: Will there be Debt Forgiveness?

Member: I heard this is the year of the Debt jubilee….all debts forgiven!

Member: If Nesara/Gesara cancels all debt, does that also include Governments? If so, that may be why they don't care about the deficit??? I know they also have Dinar

Member: Really hope Nesara is real. 

MZ: Nesara/Gesara and debt forgiveness  There has been no time in recorded history when they reset without erasing debt. They have to get rid of debt. Everytime you move from a debt based fiat system…you have to reset because the debt is untenable. I 100% believe there will be debt forgiveness. 

MZ: The US, China, Europe all have the same problem – they cannot pay debt. Debt forgiveness will be a crucial part of this reset. 

Member: Anything new about the Chinese elders in Reno?

MZ: I know they were having high meetings. Very important meetings. I was told they were meeting today with the banks AND tne board that will pull the trigger. I know there were extra representative and/or elders that were in Reno over the weekend and had important meetings with some of the key influencers on the timing and the trigger. I believe they were settling on final timing. 

MZ: “Zimbabwe to rejoin the commonwealth in 2024”  I think this is important because Zimbabwe –(after to moving to a gold backed currency)  would not rejoin the fiat world……they wouldn’t  reach out to the west unless the western world was going to have sound banking.  I think this is important. 


Member: Thanks Mark and Mods…..everyone have a great night. 

Member: Merry Christmas to all the Mods. May you all get some down time with family this Christmas time.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

With varying participation rates and massive violations, the Commission closes the polls and ends the elections, 18 DEC

 With varying participation rates and massive violations, the Commission closes the polls and ends the elections, 18 DEC

Shafaq News/ The Election Commission announced, on Monday, the closure of general ballot boxes for the governorate and district council elections, in the 15 governorates that are not organized into a region, amid varying participation rates and a number of electoral and security violations.

The Commission confirmed, in urgent news, that ballot boxes were closed at 6:00 pm on Monday, in all electoral centers distributed in 15 governorates, with the exception of the Kurdistan Region.

As of midday, the Chairman of the Board of Commissioners, Judge Omar Ahmed, announced that the percentage of voting in the general ballot for the provincial and district council elections amounted to only 17 percent.

Baghdad and the governorates of Diyala, Babel, Karbala, Dhi Qar, Diwaniyah, Muthanna, and Anbar recorded a weak participation rate in the general vote for the governorate council elections, as of midday.

Former member of the Election Commission, Saad Al-Rawi, noted the presence of delays in some polling stations, and told Shafaq News Agency that the participation rate will not exceed the rates of previous sessions, which usually range between 25 to 35%.

Security aspect

In this context, the Federal Minister of the Interior, Abdul Amir Al-Shammari, considered the polling stations “vital targets that must be defended,” moments after the polls closed and the public voting process ended.

Before that, a security source in Najaf reported that an explosion occurred near an electoral center in the Kufa district, in an attack that was the second of its kind targeting electoral centers, after an attack with explosive devices that targeted 4 electoral centers in the governorate.

On Monday morning, the voting process began in the general ballot for the irregular provincial council elections in a region in Iraq, as electoral centers began opening their doors to citizens to cast their votes.

On Saturday (December 16th), the special voting process for the local elections for members of the security forces, displaced persons, and prison inmates took place, and ended with a participation rate of 67%.

Provincial council elections were last held in Iraq in 2013 before they were dissolved by the major demonstrations that swept the country in October 2019 in protest against the deteriorating living and service conditions, the spread of financial and administrative corruption, and the spread of corruption in state institutions and departments.

shafaq.com

"RV UPDATE" BY MARKZ, 18 DEC

MarkZ 

  [via PDK]  ... article from the local news over there...says they have defeated the “parallel market” or the black market for currency. Why is this important?  We were told this would be the next step before they released the new rate. So there is great expectation. They continue to tell the Iraqi people to watch for changes in the dinar values at stores and market places.

I am not worried about a float. None of my bankers are worried about a float...I was told that because of the “Oil for Dinar“ program –the redeeming banks or redemption centers that this will be our best price.  All my bankers agree.

Evening News with MarkZ. 12/18/2023

FRANK26….IQD UPDATE……12-18-23….TWO GOOD IDEAS

"RV UPDATE" BY FRANK26, 18 DEC

 Frank26  

 On the 1st of January, you citizens of Iraq will no longer be able to use any foreign currency...Nothing except their currency.  Their currency is worthless.  Obviously they are cleaning the floor of the CBI from terrorism, counterfeiting, those in parliament that think they were going to take everything over again like Iran was planning but didn't work.  This monetary reform education right now is extremely successful.

If you held your dinars for 1 year and you have the receipt to prove that, the date, then more than likely you'll be somewhere in the 20% range of taxes.  If you...have no receipt, oh boy, you might be in the 40%.  Yikes.  You have 1 million, you'll have to give Uncle Sam $400,000.  I'd rather give him $200,000 because I have a receipt where I've held my dinars for at least 1 year. 

 For those of you...that just bought your dinars last month.  Hmmm.  You may have to consider to hold on to them for another 11 more months for tax purposes.  [NOTE:  Some gurus feel the dinar will be taxed as ordinary income and not capital gains as suggested here.  Always speak with your tax advisor at the appropriate time to determine the right tax for your unique situation.]

 There is hidden information being revealed in these [This week's bank stories] phone calls...They're running out of time...The Venturi effect of the whole monetary reform is becoming so narrow he can barely get everything through fast enough right now.  The employees are being educated/updated.  Very good.  They are telling them the dinar...we'll be doing it, sure...The banks know when and they're getting the customers ready and preparing them...This is what I am coming across...You may be still getting a lot of denials and that's still to be expected, but I am a central hub of information.  People call me because they want me to share it with you...these bank stories are powerful

Finance is discussing with the International Monetary Fund expanding the use of electronic payment devices, 18 DEC

 Finance is discussing with the International Monetary Fund expanding the use of electronic payment devices, 18 DEC

Today, Monday, the Ministry of Finance discussed with the International Monetary Fund expanding the use of electronic payment devices.
The ministry stated in a statement received by Al-Sumaria News, “A delegation headed by the Minister of Finance, Taif Sami Muhammad, the advanced staff in the ministry, and a number of representatives of the ministries and the Central Bank of Iraq, participated in the meetings of the visiting mission ofInternational Monetary Fundexperts held in Jordan for the period from 12-14/17.” /2023″.

The meeting discussed, according to the statement, “the priorities for correcting public finances through structural reforms, represented by encouraging foreign trade payments to commercial banks and reducing dependence on cash, in addition to expanding the use of electronic devices.”POSand electronic payments and accelerating the completion of the restructuring of government banks.

On the other hand, the meeting discussed, according to the statement, “the actual expenses and revenues until September 2023 and the expected ones for the end of this year, and the spending ceilings for the year 2024, in addition to the appointments file contained in Budget Law No. (13) of 2023, financial reforms, bank structuring, and the automation of customs, taxes, and treasury accounts.” The unified and comprehensive banking system and the application of the POS electronic payment system for the purpose of maximizing revenues .

The statement added, “The meeting discussed supporting funds for which allocations are allocated in the general budget, in addition to structural reforms to support private sector development, increasing job opportunities, reforms of the retirement system and the social protection network, increased revenues and exports, higher economic growth, banking and electricity sector reforms, enhancing governance, and reducing corruption.”

As the meeting indicated, “roleCentral Bank of Iraq in tightening monetary policy appropriately with the aim of alleviating inflationary pressures by continuing to enhance liquidity management, as the Central Bank has achieved good progress in implementing technical assistance recommendations for managing local liquidity and bridging the time gap between auctions of bank instruments to ensure continuity of liquidity absorption. Sami explained, during the meeting, that “economic recovery is underway amid the return of commercial financing to normal and the large financial expansion, maintaining economic stability and the importance of coordination between monetary and financial policy and ensuring the sustainability of the need to gradually renew financial policy while maintaining spending on the necessary infrastructure and spending needs.” Social security, controlling the wage bill and increasing non-oil tax revenues. The Fund praised “the role played by member states in economic and financial reforms to achieve sustainable development goals.”

alsumaria.tv

"RV UPDATE" BY SANDY INGRAM, 18 DEC

  Sandy Ingram   

Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.  

   Iraq cuts oil production by 223,000 barrels per day voluntarily.   Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-sheila-18-dec.html

 Article: "CIA warns Baghdad of serious consequences if attacks against US personnel  continue"  Since October 17th the US presence in Syria and Iraq has been under constant threat. 

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-sandy-ingram-15-dec.html

 [We] tried to ignore this news however, that is not possible Article:  "Iraqi PM places security forces under investigation over US embassy attack"  Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq.  Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire"  When you attack the embassy of another country, this is far more serious.

The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers.  The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.

Article:   "Inflation rate in Iraq declines in 2023 compared to 2022

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....  The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..


 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

   The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.


 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   " Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...


-------

Article:  "Inflation rate in Iraq declines in 2023 compared to 2022

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..


 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023...

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

  The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world... The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.


 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   "Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

High Alert!šŸ’£New Rate Post-Election After 19th?!šŸ¤”Iraq Dinar RV Updates | ...

"RV UPDATE" BY MILITIAMAN, 18 DEC

 Militia Man   

They have a paragraph in the laws that may need an amendment.   It has to deal with the average production cost per barrel [of oil]...it's used to be $8 but now it's $21...

When they change the value of the currency it's going to need to be adjusted according for a fair valuation for how much money is it going to cost to get it out of the ground.  That's going to be relevant to what's the dinar worth because we're not going to be using the dollar, we're going to be using the dinar...

Article:  "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK"  This data supports all that we have been seeing where Iraq is going international. It is coming out strong and to the point from the horse's mouths. For those that doubt it still.. Good luck.

  We had some problems with the embassy recently...They put the army out from the 12th, a couple days back, through the 20th.  So you kind of go, wow.  They're really focusing in on the 20th.  Again, they are telling us a story.   Whether that is an indicator or not it's going to be determined. Don't think that we're telling you it's going down on the 20th because that's not what we said and that's not what I'm telling you.  But it's fascinating stuff...

  Romanowski  [US Ambassador to Iraq]  had her G7 meeting...She's taken photo op with the G7 supporting the reforms of Iraq.  That's powerful stuff.  

Article quote:  "...during the coming year the Iraq economic contact group will further cooperation to support the development of the economic and financial sector in Iraq including prime minister Al-Sudani's policies to enhance the value of the dinar...This is a clear announcement of the new policies regarding the dinar during the transitional period..."  That's a drop the mic you guys.  Phenomenal...In other words if you're going to enhance the value of the dinar something is going to change.

Article  "STATEMENT OF THE IRAQ ECONOMIC CONTACT GROUP OF THE G7, EUROPEAN UNION AND WORLD BANK "  This is the road map they have been using to show the world their intentions.

 They have every intention to see Iraq succeed and get back into the international arena and into her rightful place in the international financial system! We can see by the evidence over the last few months that support they are getting down to the wire...

 Iraq is presenting that they're going international and they have been talking about it for a long period of time.


  They've actually doing it for a long period of time and they're coming to fruition to where they've publicly told us they were going to start spending money and that could be as soon as around the 20th.  Then you have the end of the year dinar only.  They have the taxation in dinar on the same time frame.   These little bits and pieces they feed us, their time frames, we put it together...and we'll see how they roll out in the coming days.   It's a phenomenal process...

The dollar is going away between now and the 20th for commercial purposes.  It will not be used as of the same data for taxation in the country... Will they still be able to buy dollars to travel. ..?  Yes.  Will they be able to use the dollar for transactions in country for commercial purposes?  Answer, No.  Will they be able to use any other currency other than the dinar for commercial purposes within the country as of January 1, 2024 ...the answer is no...  Standby for this to get really exciting because everything we're seeing is telling me that we've never been here before...

  Article:   "Samsung: Iraq represents the most prominent market in the Middle East"  The Iraqi markets are going to explode. Samsung is going to be there all along the way. They will not be alone be sure. Having an early start is a big deal...Iraq's private sector is going to be on fire.

Al Sudani has established  a "Unique private sector development council..." ...Giving credibility to the private sector is getting ready to explode.  It's going to be phenomenal.  

 If the Finance Minister needs to work to the end of the year to make sure that everything's sorted and ready to go and do it right and do it properly so the Iraqi citizens get what they deserve which is purchasing power.  I think it's a phenomenal situation.  I think everybody can clearly see...they're doing it and it's coming to fruition...


IRAQ NEWS RECAP: Iraq’ Central Bank holds the Finance ministry responsibility for devaluating the Dinar, 9 MAY

  Iraq’ Central Bank holds the Finance ministry responsibility for devaluating the Dinar Shafaq News / The Governor of the Central Bank of I...