"RV UPDATE" BY MILITIAMAN, 23 MARCH

 MILITIAMAN

"ANALYSIS OF IRAQ NEWS" BY MILITIAMAN, 22 MARCH

  Militia Man  

 Deleting the zeros from the notes, how are you going to do that?  You're going to re-denominate the currency ...The way to re-denominate is to add value.  If you don't add any value, re -

denomination means those that hold currency don't gain anything.  I don't think the United States Treasury...Great Britain...Canada...Australia...Coalition forces ...South Koreans came into Iraq to get completely 100% hosed with anything like that...

The Project to Delete The Zeros is from the exchange rate.  Then, once you delete the zeros from the exchange rate you have a 1 to 1 situation - Not value wise but it's $1 to 1 dinar.  Then apply a real effective exchange rate.

Article:  "A specialist points out the reasons for the noticeable decline of the dollar in Iraq: It will reach the official price"   We have been told inflation has been contained to about 3.7% and the Iraqi dinar has ample cover with over 15 months worth of imports over the standard or more typical 3 months. They have increased gold by about 43 tonnes.  They have a new ASYCUDA system for oil and non-oil revenue streams.  A real effective exchange rate will be an additional tool to curb the illegal parallel market and quickly imo.

https://dinarevaluation.blogspot.com/2024/03/analysis-of-iraq-news-by-militiaman-22.html

If Al-Sudani says, the dinar hold on to it, it's going too be stronger than the dollar...$0.76 is not stronger than the dollar.  Add the real effective exchange rate and you can easily get over a dollar...

Oil is anywhere from $88 to $85 right now.  Add in the tax revenues and customs duties and fees at the borders, the tourism you got to see the exchange rate of the Iraqi dinar is not going to be at $0.76.  They're going to have to add that real effective exchange rate to it and that's probably...exactly why they haven't exposed it just yet.  It's a sensitive issue. 

 They need to keep it close to the chest... They can't go out and tell everyone on the street, 'Hey you know next week your exchange rate is going to be X.'  It doesn't work that way...Eventually they will expose it...

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-22-march.html