I am told that the IMF will use the cap at about $9-$11 to prevent wild swings out of control that could potentially hurt the basket. I also want to bring out the very recent article on the Special Drawing Rights (SDR) and how important this article is, however, most readers did not even realize or catch on as to why they were explaining all of this to us.
So, let me bring it to your attention again. Let me bring out the main points of this article since we are talking about this basket today and connect this SDR news to the basket of currencies we are about to see for the new peg.
Here is the article again below:
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IRAQ INCREASES RESERVES AT IMF BY 50%
A meeting of the Iraqi Cabinet this evening approved an increase in Iraq’s quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.
This 50-percet increase in Iraq’s previous quota will enhance the country’s voting power within the IMF. The additional allocation will be included in the 2025 budget.
The IMF created SDRs as an international reserve asset to supplement member countries’ official reserves; they are not a currency, but rather a claim on freely usable currencies of IMF member countries. They serve as a potential source of liquidity for IMF member nations.
SDRs represent a weighted basket of major international currencies, and can be held as part of a country’s foreign exchange reserves. Adding SDRs to a country’s international reserves makes it more resilient financially.
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So, do you see it yet? Yes, its WOW! WOW! WOW! news but you have to see it and understand and you do this by connecting the pieces to understand what they are telling us in the news. I am attempting to help you see it. When you do see it, your jaw drops and you say “WOWWWWWWWWWWWWWWWWWWWW!”. 😊
You see, many of these very stupid self-proclaimed gods of intel gurus, want to tell you that the RV is happening every day. But as readers to my Newsletter you know differently. Yes, you know the TRUTH and the truth is still all very positive and good but for the right reasons not fake news.
The REAL news is nothing negative about it. But let’s get off the everyday rollercoaster… okay? We just have to let it all play out and it is playing out.
Will we get the Project to Delete the Zeros in November or December timeframe? I am still hearing from my contact it is planned and they intend to begin the collection process before the end of 2024 in preparation for the next stage.
Did you connect the dots as to what they are slowly telling us in these recent articles one by one as time passes? This above article was from October 17, 2024 is yet another example. The article was in my Newsletter back then explains the government program to bring back Iraq to a “formal economy”. The article was titled “ILO: IRAQI GOVERNMENT HAS DEVELOPED PROGRAM TO HELP FACILITATE TRANSITION TO FORMAL ECONOMY”. Did you read it? If you did you can begin to see that when they do transition back to a “formal economy”, as in developed nations, they will need a viable currency. They will get off the sanctioned currency process of the larger three zeros notes. They are doing it now and the major final blow will be at the end of the year when they finally transition off the currency auctions for the dollar for good. The way to transition and complete the transition off the sanction-like economy fully is then to move on to the currency and economic reforms. Yes, they are now moving mostly pass the Pillars of Financial Reforms and onward to using the results of these reforms to rebuild their economy.
Iraq cannot rebuild the economy and attract investors unless they concentrate on these two measures now: the Economy rebuilding (attracting investors and shipping goods) and rebuilding their viable currency (currency reforms and reinstatement). In today’s news once again it’s all mostly about transitioning to these next two steps.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
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