"RV UPDATE" BY SANDY INGRAM, 26 FEB

 Sandy Ingram

  The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of  20% in December of 2007 and a record low of 4% in March of 2016.  6.17% is a high rate, yet they still are having trouble getting  the Iraqi people to put their money into the bank.  Iraq does have a bank deposit protection program similar to the US's FDIC. 

  [Dinar Guru NOTE:  For comparison the average US bank account  offers .47%.  You can find high yield savings accounts that offer  around 5%]    

 The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar. 

 Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady.

ANALYSIS OF IRAQ NEWS

 Iraq's tourism could easily increase to over 10 billion US dollars a year,  comparing it with Egypt's tourism. 

The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar.  Until this changes we have to find other ways to pull our profit out of Iraq.  We can do this.  I found one way and will discuss it in a an upcoming [post]...   

 There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west...Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda...

 Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy.  This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico... This is one of the major paths that can lead to a higher GDP and a higher value in the currency.  The project is set to start in early 2025.

The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry.  Iraq holds a significant amount of the world's history within its borders...What is  needed is security and safety for travelers.  Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq's GDP. 

 "  Iraq's central bank revokes Iran's Bank Melli operating license"  This article tells us the US is serious about not allowing Iran to have access to US dollars.  It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

 Vietnam is making major financial news.  Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month.  The inflation rate is at a five month low of 3.7%.  Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-sandy-ingram-12-feb_040016202.html