STATUS OF THE RV
Welcome to April and so let’s spring into the season of Spring. Like the unfolding of the season of Spring we are slowly seeing the sovereignty of Iraq coming to a reality and not just on paper. So today I am going to show you yet more tangible evidence.
In today’s news articles we learn about the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003. So, there is no extension this year. I believe April would be the time to extend it. Why is this so important to us investors?
First the expiration of 13303 shows to us again that Iraq is slowly moving out of the sanctioned mindset altogether. We know that in December of 2022, Iraq completed its war reparations payments to Kuwait and thus followed that all the remaining UN sanctions were lifted. What happened next was the VERY quick response by the CBI to begin the de-dollarization process in Iraq in 2023, which brings us to where we are today. The unanticipated length of resolving the issue of the stability of the parallel market delayed the process we are now looking for.
But you might also say that where is our protection as investors in the dinar with the expiration of 13303?
THINK, THINK, THINK!!!! 😊
Will we still need protection even? Many investors have been waiting for this news all along and tell us that this is a VERY GOOD sign for us in that since we no longer will need its protection the dinar is soon to be free to move into its full potential as a sovereign, global currency. This is the important point I am making today. Remember it is normally renewed on April 1 st and so what is in stored for us in April? Just saying,,,, don’t go off half-cocked.
To make the news even better we read in the articles today that the post-war DFI fund and its process is also no longer in effect. WOW! This means that oil revenues no longer have to be placed under US Treasury accounts in NYC and then Iraq has to beg for dispersing this money. These remaining dollars will now be transported from the Federal Reserve Bank in NYC to the Baghdad, Iraq CBI. WOW! WOW! WOW! We have waited so long to hear this good news. I am now sure on the exact amount but it I believe it is the bulk of the CBI foreign reserves in US dollars we have been hearing so much about ($110-115 billion). It is my understanding that Iraq is going to place this money in multiple sovereign funds for investments. We have read many past articles about these funds…. remember? The future revenues generated from these funds could subsidize many of its social programs on an ongoing basis and help to rebuild its military. Already there is talk of an Iraqi Naval Force strong enough to protect is oil and trade shipments. WOW!
So, all this VERY GOOD recent news then brings us, begs us, to ask the simple question as to why Iraq still has a 1/6 of a penny rate. But remember they are still under the “program” rate, not yet reinstated and has not yet “normalized” to the true rate to reflect the true value of their assets. It is all just now a suppressed rate under the war torn “sanctioned” rate process but this too is about to change and we will soon see tangible evidence of the currency reform too. It is coming are you ready? So today is Tuesday and I did call Iraq and talked to my CBI contact. We were all just as happy and excited.
I am still being told to look for the Project to Delete the Zeros as it is coming. I don’t want to spread rumors and so relax, but I was told in Saturday conversation with Iraq the plan is to have it rolled out in April. WOW! Of course I was not about to get firm date, as I don’t think even the CBI knows for sure. Let’s just pray that nothing interferes with this upcoming move. This will be the second major rate change we were told would happen to help collect this VERY large part of the monetary mass that the banks desperately need for investment. I talked about this issue in my last Newsletter dated March 28 it is still in the Mnt Goat Archives if you want to read it again to refresh. So, again in another article we read about this dilemma but no firm talk about how to resolve it.
The Acting Speaker of the House of Representatives, Mohsen Al-Mandlawi, stressed last Thursday, that achieving security, stability and progress is achieved through complete sovereignty of Iraq.
Opps, there’s that security, stability again. 😊
I sincerely hope that many decided to pray the Operation True Cross, Auxilium Christianorum prayers to save our countries. Remember that even once the reinstatement happens and you are back from the bank, the fun stuff is just beginning. The attacks on our countries by the globalist agenda will only intensify. We are still years away from winning the war. There are still many issues to be resolved with all the corruption if we truly want enjoy this money in a FREE SOCIETY. The government will try to take this money any way they can. Don’t fool yourself into complacency and laziness.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
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