"RV UPDATE" BY MILITIAMAN, 19 MARCH

 Militia Man  

Article: "Parliamentary Finance: The federal budget is in the corridors of the Council of Ministers, and there is no specific date for sending it" 

 Quote:  "On June 12, 2023, the Iraqi Parliament approved the tripartite budget law for the years 2023, 2024, and 2025.  Last year’s total budget amounted to 197 billion dinars, which is the largest in the

country’s history."  Take note that they used 197 Billion Dinars. That is a little over $150 million USD at the current exchange rate of 1,310 IQD... Seriously? I do not think so, unless they have done something we have yet to see.

 Iraq is going to go through that industrial revolution because they're going to rebuild the country.  The evidence is quite clear. The fascinating part about it is we had Al-Sudani/his government say they were going to do the project to delete the zeros...They were going to have the Iraqi dinar be worth 1.32 dinars to the dollar.  That equates to about $0.76. 

 Those folks that talk about a LOP, how do they explain that?  They can't because that's not what it is.

Al Sudani has told the citizens the dinar is going to be stronger.  $0.76 is not stronger however once they delete the zeros then they can apply their Real Effective Exchange Rate.  Totally different ball game.  Totally different circumstances.  Pay attention.  Let's see how this turns out.

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...If they adjust the exchange rate and delete the zeroes who's going to need the dollar when they apply the new Real Effective Exchange Rate to it?

   Nobody is going to need the dollar because the dinar is going to be stronger than the dollar and that's my opinion.  We are in a situation where ...a political crisis...or surprises could change the exchange rate and that could come within hours...

 Article:  "Economics website: A new application enhances investment movement in Iraq"   

Quote:  “...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”  It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-15-march_0298127202.html