"RV UPDATE" BY MILITIAMAN, 21 JAN

 Militia Man  

Sudani...I think he's right when he says 2024 is going to be a year of achievement...We haven't seen the spending of the '23 budget yet nor have we se a pumping of that oil just yet and nor have we seen a full-blown assession to the World Trade Organization yet.  Why is that?  Because we probably have to wait to hear what they have to say when it comes to a Real Effective Exchange Rate.  Hopefully that's what we'll see...in a very very short period of time.

  Article:  "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"

  Quote:  "Thursday...the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms"  After decades of involvement...the specificity of many things are likely to be known by the IMF,

exchange rate regimes be sure.  For Iraq to be moving forward with all reforms ...in that there is no financing needed should  be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? 

It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn't.

The fun part is we are watching history in the making...Saudi Arabia strongly supports  Iraq's ascension to the World Trade Organization...They've basically said Iraq has completed everything needed to be done.   Everything is just shy of announcing they have WTO ascension.  

https://dinarevaluation.blogspot.com/2024/01/we-are-watching-history-in-making-by.html