"RV UPDATE" BY GOLDILOCKS, 29 APRIL

 GOLDILOCKS

Evidence Suggests Stablecoins Are Emerging as a Worldwide Asset Class | Globe Echo 

Stablecoin adoption is rapidly increasing, with research firm rwa.xyz reporting a 15% increase in the number of addresses holding both dollar and crypto-pegged stablecoins in 2024. Chainalysis also found that stablecoins are becoming more prominent in overall on-chain transaction activity, with increasing importance in various nations and regions.

Stablecoins, cryptocurrencies with values pegged to an external reference like the U.S. dollar, have represented over half of all on-chain transaction volume, highlighting their growing importance in the cryptocurrency market.

The adoption of stablecoins is being propelled by their ability to provide anyone with an internet connection access to the U.S. dollar, unlocking new pathways for financial inclusion. The U.S. leads in stablecoin purchases, but global demand is high, with over $40 billion purchased in March alone across diverse nations and regions.

 Stablecoins are serving as a critical bridge between traditional finance and cryptocurrency, with the stablecoin market currently valued at around $150 billion and expected to exceed $2.8 trillion by 2028.

The stablecoin market has become more competitive, with Ripple announcing plans to launch a USD-backed stablecoin on the XRP Ledger. This move is expected to generate more use cases, liquidity, and opportunities for developers, as well as provide additional crypto liquidity to service cross-border payments demand.

Stablecoins like PYUSD and Tether are being used for cross-border payments, remittances, and facilitating transactions in regions such as Latin America and the Caribbean, promoting dollar dominance and increasing access to U.S. dollars.

The growing demand for stablecoins has prompted lawmakers to focus on stablecoin legislation, with proposed regulatory frameworks aimed at maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers, and combating money laundering and illicit finance. Legislation such as The Lummis-Gillibrand Payment Stablecoin Act seeks to establish a regulatory framework for payment stablecoins, requiring issuers to maintain one-to-one reserves and prohibiting unbacked, algorithmic stablecoins.

 This legislation, if passed, could accelerate institutional blockchain innovation and drive stablecoin adoption.

Despite the potential impact of stablecoin legislation on adoption, experts believe that stablecoins will continue to rise as a global asset regardless of regulations. Stablecoins provide a crucial solution for individuals in countries facing currency volatility, offering stability and facilitating commerce.

While regulations may provide more comfort for institutions using stablecoins and potentially bring banks into the stablecoin market, stablecoins have already surpassed all other types of cryptocurrencies in usage and represent over half of all transaction volume in recent months.

Overall, the adoption of stablecoins is on the rise globally, driven by their ability to provide access to the U.S. dollar, promote financial inclusion, and facilitate cross-border payments. Stablecoins are becoming increasingly important in the cryptocurrency market, with their market value expected to grow significantly in the coming years.

While stablecoin legislation may influence adoption in certain regions, experts believe that stablecoins will continue to play a crucial role in the cryptocurrency ecosystem and serve as a bridge between traditional finance and digital assets.

"RV UPDATE" BY PIMPY, 29 APRIL

  Pimpy  

 People still continue to claim a re-denomination or the deletion of the zeros is somehow different than a LOP.  It's not.  It's the same thing...

We all want the same thing.  I'm telling you we do.  Would I love for the rate to change to  $3.22 per dinar?  Would I love for them to keep the current currency they have without deleting the zeros when they change that  exchange rate?   Of course I would.  But what I'm saying to you is there are many possibilities you should at least be aware of  them.  I'm not saying it's going to happen one way or another for sure, I'm just saying to you there's some things out there that  they're hiding from you...  

The Iraqi Dinar

Non-oil imports of Al-Sulaymaniyah surpass 20 billion dinars, 29 APRIL

Non-oil imports of Al-Sulaymaniyah surpass 20 billion dinars

Shafaq News/ On Friday, the non-oil imports for the governorates of Al-Sulaymaniyah and Halabja, as well as the administrations of Garmian and Raparin, amounted to approximately 20 billion dinars during the past week

According to shafafiat.com, a website operates under the auspices of the office of the PM Deputy, Qubad Talabani, non-oil imports in Al-Sulaymaniyah, Halabja, Garmian, and Raparin from April 20 to April 26, 2024, amounted to 20,119,953,306 dinars.

According to the obtained data, Al-Sulaymaniyah's revenues increased, with revenues increased from April 6 to April 12, 2024, amounting 842,422,425 dinars.

Al-Sulaymaniyah is considered a significant commercial center in the Kurdistan Region of Iraq, attracting many traders from various parts of the region. The major non-oil imports in the governorate include food, clothing, electronics, building materials, machinery, and vehicles.

Most non-oil imports to Al-Sulaymaniyah come from neighboring countries such as Iran, Turkiye, Syria, and Jordan. Additionally, Al-Sulaymaniyah imports goods from countries like China, India, and Europe.

Non-oil imports play a vital role in Sulaymaniyah's economy by providing employment opportunities, stimulating economic growth, meeting the population's needs for goods and services, diversifying the local economy, and reducing reliance on oil revenues.

However, non-oil trade in Sulaymaniyah faces challenges such as bureaucracy, corruption, political instability, and exchange rate fluctuations. The local government in Sulaymaniyah is working to address these challenges to improve the business environment and attract more investments.

"RV UPDATE" BY BREITLING, 29 APRIL

  Breitling 

 When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work?  I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  The

dinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that...Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.

You have these currencies that have a lot of zeros behind it.  Comparing with these other currencies that LOPed, Iraq is a completely different case.  They don't have a market problem.  They don't have a customer problem.  Where is the inflation coming from?  It's coming from policy.  How can they add value to their currency?  It's all going to be based on 100% policy.  The authority comes from parliament, the Ministry of Planning, Ministry of Finance and the Central Bank of Iraq.  They don't need any more customers.  To add value to the currency they don't need to do anything else.

  LOP...people that are smart, economist, get this wrong.  The underlying definition is hyperinflation.  How do people fight it?  By removing the zeros.  Nothing wrong with that.  It's smart.  But it's hyperinflation.  People will point out incorrectly, look at Iraq...

The best analysis I've read is that it [the dinar] was worth at it's height 2.25 to the U.S. dollar...Iraq has never had a customer problem.  That's where you find the hidden value in this investment.  It's not hyperinflation..

There is inflation but it's 100% policy based inflation.  You had this currency that was worth a lot of money...What was their number one export?  

Energy.  Then war came along.  You had war inflation.  But did Iraq's customer base change?  No.  Did their oil producing output change?  No, it went up.  That's where you're going to find the value.  That's where the value is coming from.  That's it.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-breitling-22-april.html

Iraqi Dinar🔥$3.22 CBI Set The Rate For Every Iraqi Dinar Today 2024🔥iraq...

Barzani, al-Araji call for heighted Baghdad-Erbil cooperation to combat security threats, 28 APRIL

Barzani, al-Araji call for heighted Baghdad-Erbil cooperation to combat security threats

Shafaq News/ The president of the Kurdistan region, Nechirvan Barzani, said that Baghdad and Erbil should join hands to "combat security threats" as he met with Iraq's National Security Advisor, Qasem al-Araji, in Baghdad on Sunday.

A readout published on the presidency website said that Barzani and al-Araji discussed "the security situation in Iraq, the threats of terrorism, and the challenges Iraq faces due to wars and conflicts in the region."

The two sides, according to the readout, laid emphasis on "the importance of coordination and cooperation between the relevant bodies in the federal and regional governments" in order to "combat security threats" and "achieve peace and stability in the country".

Al-Araji echoed Barzani's sentiment, saying "peace and stability in the Kurdistan region and the rest of the country is one."

https://shafaq.com/en/Iraq/Barzani-al-Araji-call-for-heighted-Baghdad-Erbil-cooperation-to-combat-security-threats

"EVEN SAUDI ARABIA SCREAMS TO THE WORLD IRAQ IS SECURE & STABLE, GET YOUR DONKEY IN HERE & SEE FOR YOURSELF" BY FRANK26, 28 APRIL

 KTFA

FRANK26: "EVEN SAUDI ARABIA SCREAMS TO THE WORLD IRAQ IS SECURE & STABLE, GET YOUR DONKEY IN HERE & SEE FOR YOURSELF".........F26

Al-Awadi explains the importance of the Prime Minister’s participation in the World Economic Forum in Saudi Arabia

 

4/27/2024
Baghdad - 

The government spokesman, Bassem Al-Awadi, explained the importance of Prime Minister Muhammad Shiaa Al-Sudani’s expected participation in the World Economic Forum, which will be held on 28-29 in the Saudi capital, Riyadh, while he stressed the government’s work to inform the world of the reality of the situation in Iraq to attract investments and transform the country’s economy from Rent-seeking to the market economy, instead of the blurry image being promoted, revealed a leap in relations between Iraq and Saudi Arabia that raised the volume of trade exchange to unprecedented extents.

Al-Awadi told the Iraqi News Agency (INA): “The Prime Minister’s visit to Saudi Arabia will be to attend the special meeting of the World Economic Forum that will be hosted by Riyadh, which is one of the largest forums and is equivalent in importance to the Davos Forum in Switzerland. The first title of this conference is international cooperation, growth and the energy sector from For development.

He added, "More than a thousand important and influential figures will attend the forum held in Saudi Arabia, including a president, a leader, a political decision-maker, heads of major economic companies, thinkers and opinion makers in the governmental and private sectors around the world."

He continued, "Therefore, this is a great opportunity for important, high-level meetings for the Prime Minister to be held with world leaders and idea and policy makers in which Iraq's current image, stability, and openness to investment and great investment opportunities in the country will be clarified. We are a country moving toward stability and need to know ourselves during... The Prime Minister’s visits, which he spoke about in Washington, showed the true picture of Iraq in response to the blurry picture that some media outlets are trying to spread.”

He pointed out, "There is confusion about the Iraqi situation, and many believe that Iraq is unstable and the situation is chaotic, and this is contrary to reality. The true position must be clarified and correct relations with the outside must be built. Officials of brotherly and friendly countries are invited to visit Iraq to get to know its situation closely and in the true form that actually exists." We tell them to visit Iraq from south to north and see the truth of the situation for yourselves and make sure that Iraq is stable and its doors are open to investment.”

Al-Awadi pointed out that "Iraq needs investments to exploit its wealth, as well as to develop the industrial and agricultural sectors, so that we can move from a rentier economy to a market economy, support the private sector, and provide more jobs in the private sector. During the Prime Minister’s visit to Washington, there was a delegation of businessmen in support of this trend." .
Regarding the relations between Baghdad and Riyadh, Al-Awadi explained, “Iraqi-Saudi relations are in continuous development and growth, and there was a leap last year under the government of Prime Minister Muhammad Shia’ al-Sudani, as trade exchange between the two countries jumped between one billion to one billion five hundred million dollars last year.” In the years before that, it was limited to $300 million or half a billion dollars.”

He pointed out, "We consider this leap in relations and cooperation a beginning, and the government is keen to expand commercial cooperation and other sectors to broader extents."

LINK

Critical Dinar Update

Barzani, al-Mandlawi reiterate commitment to supporting al-Sudani's government, 28 APRIL

Barzani, al-Mandlawi reiterate commitment to supporting al-Sudani's government

Shafaq News/ The president of the Kurdistan Region, Nechirvan Barzani, and Acting Speaker of the Iraqi Parliament, Muhsin al-Mandlawi, on Sunday called for supporting the federal government of Prime Minister Mohammad Shia al-Sudani and maintain dialogue among national forces.

Those remarks came during a meeting between Barzani and his accompanying delegation with Mandlawi in Baghdad, in the presence of a number of members of parliament, according to a statement received by the region's presidency.

The meeting discussed the political situation in Iraq, the election of the Iraqi parliament speaker, relations between Erbil and Baghdad, the steps for the Kurdistan parliamentary elections, and the necessary laws in the parliament.

The two sides said "resolving the issues between Erbil and Baghdad and continuing the dialogue between the Kurdistan Regional Government and the federal government are necessary for the peace and stability of the country," stressing that "peace and stability in Iraq and the Kurdistan Region are one and interconnected."

According to the statement, Barzani and al-Mandalawi agreed on "the importance of cooperation and coordination between the political parties to ensure the rights and interests of all Iraqi components and preserve peace and political stability in the country, as well as holding the Kurdistan parliamentary elections with the participation of all parties."

They also called for "supporting and backing the government in implementing its program, in addition to discussing regional developments and their repercussions on the Iraqi arena."

"RV UPDATE" BY FRANK26, 28 APRIL

  FRANK26

 Iraqi citizens know, everybody with a contract with Sudani knows.  It's no longer a secret, it's  no longer a game.  Notice the pattern...When you go to the banks now are they saying it's a scam?  No they're not anymore...Instead  they tell you very politely, 'Ok, we're not exchanging that currency at the moment.'

...Relax.  It's coming...

Question: "Will Aki  [Walkingstick's Iraqi Bank owner here in the US] exchange dinars for US citizens at his bank?"  Yes!  That's the whole purpose.

  Some other guru says, 'Oh, they're waiting for Article VIII.'  Man, when you hear someone say that you got to run as far away from them as possible.  Article VIII is ancient history.  It's older than mythology ...They've been in Article VIII for over a year and a half.  Catch up.  

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-28-april.html

  Some other guru says, 'Oh, they're waiting for Article VIII.'  Man, when you hear someone say that you got to run as far away from them as possible.  Article VIII is ancient history.  It's older than mythology ...They've been in Article VIII for over a year and a half.  Catch up.  

 Community comment: "Please explain there's no chance of a LOP."  Anybody that thinks this is a LOP you have to run away from them...they have no idea what they are talking about.  A LOP adds zeros to the exchange rate.  An RV and RI removes zeros.

  Sudani is going to be sharing with the Iraqi citizens soon.  I still hold to what I told you, they want to put screens up.  I know I have been mocked about it and laughed at about it.  But everything I say I'm mocked at and laughed at until a few days or a few weeks later, there it is...I believe Sudani is waiting for those screens to be put up.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-26-april.html

Iraqi Dinar | WTO Official Announcement On Iraq Membership And IQD RV | ...

Sudanese and Nigervan Barzani discuss improving the service and living conditions of citizens, 28 APRIL

Sudanese and Nigervan Barzani discuss improving the service and living conditions of citizens

Shafaq News / Prime Minister Mohammed Shiaa Al-Sudani discussed, on Saturday, with the President of the Kurdistan Region of Iraq, Nichirvan Barzani, the files, issues and treatments taken by the government in a way that contributes to improving the service and living conditions of citizens.

The Prime Minister’s Information Office said, in a statement received by Shafaq News, that “Prime Minister Mohammed Shia Al-Sudani, on Saturday evening, the President of the Kurdistan Region of Iraq, Nichirvan Barzani and his accompanying delegation.”

He added that “during the meeting, the most prominent files, issues, and treatments taken by the government in the service and development fields were discussed, according to what was stated in the government program, and in a way that contributes to improving the service and living conditions of citizens throughout the country.”

He continued: “The meeting dealt with the emphasis on the continuation of constructive dialogues on common issues between the federal government and the Kurdistan region, as well as many topics in political affairs, as the two parties stressed the importance of continuing to support the government’s efforts internally and externally, and working to strengthen the relationship between Baghdad and Erbil, which requires the concerted efforts of all political forces in this path.”

According to the statement, the Prime Minister promised the visits of the President of the Territory a positive step to resolve all common issues.

For his part, the President of the Region expressed his appreciation for the steps of the Prime Minister, and his determination to communicate and dialogue with various national forces, in a way that enhances political stability.”

https://www.shafaq.com/ar/سیاسة/السوداني-ونيجيرفان-بارزاني-يناقشان-تحسين-ال-وضاع-الخدمية-والمعيشية-للمواطنين

"RV UPDATE" BY WALKINGSTICK, 28 APRIL

Walkingstick 

 The new exchange rate is determined by the CBI on behalf of the GOI...  

------- 

Question: "Will Aki  

[Walkingstick's Iraqi Bank owner here in the US] 

exchange dinars for US citizens at his bank?"

  Yes!  That's the whole purpose.

FRANK26: SAYS

  Walking Stick was on the phone with Frank during the subway. The head of Walking Sticks, who owns banks and ATMs in Iraq and Jordan, and his friend who runs his bank in Dearborn, Michigan, are at this big meeting at the CBI, with the 964-person delegation that was in D.C. Everyone is in this meeting. 

It is the Arab Monetary Fund, the International Monetary Fund, the World Bank, all the companies and investors who have contracts are saying these words, about lower banknotes and a new exchange rate. Everyone knows that the exchange rate is about to change. Eddie said on television saying The budget will come to Parliament next week. Walking Stick and Frank believe that the exchange rate will rise and force parliament to hold an emergency session. Then Parliament would have to vote. There is too great a possibility of insider trading (parliament are criminals). Walking Stick says Sudani wants this now. Promises must be kept. Do you remember that they audited the banks? Maliki's State of Law Party tried to raise $600

Millions of dollars. The entire party is being shut down by the IMF, the FMA and the CBI. They were funneling funds to Iran across the border into Iran for their own enrichment. They and the private banks were closed. That's why they think that with all the corruption, they will have to announce the new exchange rate and the parliament will hold an emergency vote (after the exchange rate change). The CBI determines the exchange rate.

  Sudani and CBI are working together. Those sanctions were lifted in time for a

  Change of fee. Everyone at those meetings will be on stage with Sudani, including the two friends from Walking Sticks. Walking Stick says Sudani will make the presentation, and this will happen after that. Sudani wants it now, everyone is there waiting. It shouldn't take long.

  -All credit to Frank and his team!

TRANSLATE SPANISH

Miércoles 24 Abril 2024

FRANK26 : DICE

Walking Stick estaba hablando por teléfono con Frank durante el metro. El jefe de Walking Sticks, propietario de bancos y cajeros automáticos en Irak y Jordania, y su amigo que dirige su banco en Dearborn, Michigan, están en esta gran reunión en el CBI, con la delegación de 964 personas que estaba en D.C. Todos están en esta reunión.  

Es el Fondo Monetario Árabe, el Fondo Monetario Internacional, el Banco Mundial, todas las empresas e inversores que tienen contratos están diciendo estas palabras, sobre billetes más bajos y un nuevo tipo de cambio. Todos saben que el tipo de cambio está a punto de cambiar. Eddie dijo en la televisión diciendo El presupuesto llegará al Parlamento la próxima semana. Walking Stick y Frank creen que el tipo de cambio aumentará y obligará al parlamento a celebrar una sesión de emergencia. Luego El Parlamento tendría que votar. Existe una posibilidad demasiado grande de uso de información privilegiada (el parlamento son delincuentes). Walking Stick dice que Sudani quiere esto ahora. Las promesas deben cumplirse. ¿Recuerdan que auditaron los bancos? El Partido Estado de Derecho de Maliki intentó recaudar 600 dólares

Millones de dólares. Todo el partido está siendo cerrado por el FMI, el FMA y el CBI. Estaban canalizando fondos a Irán a través de la frontera hacia Irán para su propio enriquecimiento. Ellos y los bancos privados fueron cerrados. Por eso piensan que con toda la corrupción, tendrán que anunciar el nuevo tipo de cambio y el parlamento realizará una votación de emergencia (después del cambio de tipo de cambio). El CBI determina el tipo de cambio. 

Sudani y CBI están trabajando juntos. Esas sanciones se levantaron a tiempo para una

Cambio de tarifa. Todas las personas en esas reuniones estarán en el escenario con Sudani, incluidos los dos amigos de Walking Sticks. Walking Stick dice que Sudani hará la presentación, y esto sucederá después de eso. Sudani lo quiere ahora, todos están ahí esperando. No debería pasar mucho tiempo.

-¡Todo el crédito para Frank y su equipo!

https://dinarevaluation.blogspot.com/2024/04/call-with-walkingstick-and-frank26.html

Iraqi Dinar | Something Big Happenings | Hold Your Dinar | Iraqi Dinar N...

Sudanese for Abu Gheit: The importance of activating the charters of joint Arab action, especially economic integration, 28 APRIL

Sudanese for Abu Gheit: The importance of activating the charters of joint Arab action, especially economic integration

Shafaq News / Prime Minister Mohammed Shia Al-Sudani, when receiving the Secretary-General of the League of Arab States, stressed the importance of activating the charters and agreements on joint Arab action, especially related to economic integration.

The Information Office of the Prime Minister said, in a statement received by Shafaq News, that “Prime Minister Mohammed Shia Al-Sudani, received this evening, the Secretary-General of the League of Arab States, Ahmed Aboul Gheit, who is currently visiting Iraq, to participate in the Arab Action Conference, which was launched in Baghdad today.”

He continued: “During the meeting, they discussed joint Arab action and the importance of activating its charters and agreements, especially those related to economic integration and other agreements that enhance the strength and status of the Arab system, in order to achieve the aspirations of Arab countries and peoples.”

The Prime Minister, according to the statement, renewed Iraq’s principled position on what is happening in the occupied Palestinian territories, stressing “the need for Arab efforts and positions to unite in order to end the suffering of the brotherly Palestinian people.”

https://www.shafaq.com/ar/سیاسة/السوداني-ل-بو-الغيط-همية-تفعيل-مواثيق-العمل-العربي-المشترك-خاصة-التكامل-الاقتصادي

"SUDANI CONTINUES TO SEND HIS PEOPLE TO THE IRAQI CITIZENS EXPLAINING THE MONETARY REFORM!!!" BY FRANK26,, 28 APRIL

 KTFA

FRANK26: "SUDANI CONTINUES TO SEND HIS PEOPLE TO THE IRAQI CITIZENS EXPLAINING THE MONETARY REFORM!!!".................F26

Prime Minister’s Advisor: We will see the dollar fall on the black market soon

4/27/2024

 Baghdad

The political advisor to the Prime Minister, Fadi Al-Shammari, confirmed today, Saturday, that the demand for the official dollar has increased, while he expected it to decrease on the black market in the coming period.

Al-Shammari said in a press statement received by Al-Maalouma, that “the classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds  the Emirati classification.”

He added, “Iraq wants to join the international banking system, and on this basis the government has taken positive measures in this regard.”

He confirmed, “The increasing percentage of merchants joining the platform rose from 28% to 78%,” noting that “the demand for the official dollar has increased, and we will witness its decline on the black market in the coming period.”

He pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”

LINK