"IMPORTANT IRAQ NEWS: AFTER THE EID JUMP… A SPECIALIST PREDICTS THE DOLLAR EXCHANGE RATES IN IRAQ" BY MNT GOAT, 26 JUNE

AFTER THE EID JUMP… A SPECIALIST PREDICTS THE DOLLAR EXCHANGE RATES IN IRAQ

Economic expert Sirwan Abdel Rahman confirmed today, Friday (June 21, 2024), that the measures of the government and the central bank will contribute to reducing the price of the dollar again.

Abdul Rahman said in an interview with “Baghdad Today”, “The Central Bank’s measures reduced the chances of speculators and currency traders who wanted to exploit the crisis and raise the price of the dollar to more than 200 thousand dinars.”

He added, “The current price of the dollar is 145 thousand dinars, and if the Central Bank’s measures continue, especially in the issue of emphasizing the transfer of dollars except to those entitled to them, the price will fall in the parallel market and stabilize in the coming weeks at 140 thousand dinars.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY MARKZ, 26 JUNE

 MarkZ 

  [via PDK] 

  I did hear from 3 or 4 military sources and Reno and the Treasury…rumors that are all over the place, some saying it’s happening right now, to no – its tomorrow…to Its already started, to all kinds of timing rumors in an concerted effort to cloud timing.  …I think it’s a good things to see them in panic mode trying to cloud timing.

 I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year... so I was told the roll out around the 6th and 7th. That is the rumor. But remember we don’t know the timing…but, I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for..

Iraqi Dinar✅WOW Iraqi Dinar RV Update Today 2024 / iraqi dinar news toda...

Finally, “Carrefour” will open in Baghdad.. The international chain has ended its hesitation , 26 JUNE

 Finally, “Carrefour” will open in Baghdad.. The international chain has ended its hesitation

It may not be a passing commercial event in Baghdad.. The international shopping chain “Carrefour” - which has been reluctant for years to enter the Iraqi market - has made up its mind and is actually preparing to open two branches in the capital.

The first will be in the Jadriya area within the “Jadriya Mall,” and the second within the Bismayah Mall complex. According to information obtained by the 964 network from various sources, the opening of the chain of markets in Al-Harithiya Mall has been withdrawn, because “Carrefour” needs a very large space that “Al-Harithiya” did not provide.

He already got what he wanted, as he acquired the largest part of the area of ​​Al-Jadriya Mall, which will also include a group of branches of international agencies, while the chain’s branch in Bismaya will also obtain a large area within the mall of the residential complex, and Al-Jadriya Mall was scheduled to open.

It was strange that the local authorities in Baghdad agreed to open “Carrefour” in Jadriya...the most crowded area of ​​Baghdad. Usually, the authorities oblige the “Carrefour” chain to open its branches in areas far from city centers, to contribute to the revitalization of remote areas and eliminate traffic congestion, especially since the crowding “Carrefour” is a certainty due to the easy and unique shopping experience it provides, the competitive offers and prices, the way products are presented, and the quality standards supervised by teams of international experts.

Carrefour is a French international supermarket chain with five branches in the Kurdistan region of Iraq (5 branches in Erbil, a branch in Sulaymaniyah, and another in Dohuk), and provides a wide range of home, food and other shopping options to the consumer.

Carrefour was scheduled to open a branch in Baghdad Mall in the Al-Harithiya area in the center of the capital, but the lack of suitable spaces prevented this, which prompted those responsible for the chain’s affairs in Iraq to search for alternative locations, indicating the possibility that the chain may have a third branch and perhaps A fourth in Baghdad soon. ink

"RV UPDATE" BY FNU LNU, 26 JUNE

 Fnu Lnu 

  Article Quote:  "Member of the Parliamentary Legal Committee, Raed Al-Maliki, (not to be confused with Nuri Al-Maliki) reviewed...the laws that will be read after the end of the legislative recess of the House of Representatives. Al-Maliki pointed out, 'The Oil and Gas Law and the Federal Supreme Court Law are basic laws and at the same time they are controversial laws, so I do not think they will be advanced during the second legislative term unless the government completes them.”  

The HCL is not on the front burner...The excitement/speculation about the HCL being at the front of the line just isn't true.

[Response to the IBBC debate video 6-23-2024 below] 

 The exchange between Dr. Tabaqchali and Professor Gunter was very enlightening...Iraq is suffering from the same ailment as the United States...over-regulation and hostility towards the private sector...Bureaucratic strangulation...[In] Iraq, it is from the fact they were Internationally punished for something they didn't do and over punished by extending the punishment far too long...By over punishing, you breed a class/population of super criminals who become more savvy and more bold, accomplished by the crooked government being the bulk of employment opportunity. 

 ...They must downsize the government by 1/2 and reduce regulations. The more important step is to revalue the currency using a hybrid model where they substantially raise the value of the Dinar and by backing half of that increase with gold and oil...By removing the bureaucratic barriers, business could start quicker and for less capital...

As it has been demonstrated in the United States under Reagan and Trump, tax reduction and deregulation cause fast and substantial economic growth...It is also my opinion that Iraq is working up to such a dynamic albeit they are acting too slowly and could miss the window of opportunity.

Iraqi Dinar | Rv Big News Update About Exchange Rate | Dinar News Today ...

"Well the spigot had to be opened first and now its opened" BY MNT GOAT, 25 JUNE

DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA

The US Ambassador to Baghdad, Alina Romanowski, announced on Sunday that more than 30 Iraqi companies will participate in a summit related to investment projects in the United States available to foreign companies.

Today, Romanowski wrote in a blog on the “X-Twitter” platform, “Best wishes to the 33 Iraqi companies heading to the SelectUSA Investment Summit in Washington, D.C., next week.”

She added, “The investment process is through linking Iraqi companies with American companies and resources to help them develop their businesses.”

(Mnt Goat – Remember when in the past years I said – What is the US waiting for? Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now its opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.)

So as investors where do we stand with the RV?, BY MNT GOAT, 25 JUNE

 So as investors where do we stand with the RV?

Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point. But don’t go off too excited and forget all the other information my contact just told us either. You must put everything into its proper perspective.  

Will this be held up until January 2025?

I can’t say and how should I know for certain. This is not a fair question as I do not control the process. You might also be thinking if we have to wait until the end of 2026 as their new phase, the 3rd phase of their strategic plan of reforms is now kicking in. You can go read the full article too in the Articles Section of today’s Newsletter. But I will tell you that I was told last month that for us to see the RV, there was only two phases and that they were completing the 2 nd phase in June. So go figure… What would you now think? Do I have to spell it all out for you again?

What else is in the news?

So, let’s talk about this strategic plan of the CBI for the economic and financial reform. In the recent news, and I quote from the article – “Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the Central Bank’s third strategy has drawn up a road map and programs with clear goals and initiatives for a period of three years in a special, complex, and risk-filled economic and financial situation”

This Central Bank’s third strategy is for the years (2024-2026), which began in June. They say thisnew part of the overall strategy has drawn up a road map and programs with clear objectives and initiatives for a period of three years (but really it's’ only two and half years). I am almost certain the CBI will come out with a further explanation and details of the phase 3 in the coming days. Stay tuned.

..TO BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar🎉They Announced New Rate In Gazette Finally Today 2024🎉iraqi ...

Iraq.. Oil Will Continue To Rise Until 2025, 25 JUNE

 Iraq.. Oil Will Continue To Rise Until 2025

Economy | 06/24/2024   Baghdad - Mawazine News  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, today, Monday, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025.

Saleh said, “There are There is a clear link between the rise in revenues from Iraqi sourced oil due to the rise in energy prices in global markets on the one hand, and the sustainability of financing investment projects whose allocations are estimated in Federal General Budget Law No. 13 of 2023 (the tripartite budget), which exceeds 55 trillion dinars annually.”

He explained, “The rise in oil prices above their estimated rates leads to reducing the hypothetical deficit gap in the annual general budget, which is estimated at approximately 64 trillion dinars, and provides sustainability of spending on development projects,” stressing that “the hypothetical deficit is no longer a reason for faltering or delaying reconstruction projects and expenditures.” Related investment.

Saleh added, "The government program has prioritized, in its philosophy and general directions, the policy of diversifying sources of income in the national economy."

He stated, “For the first time, sovereign guarantees are granted to market activities and the private sector as a partner in development, with priority to major economic diversification activities, by providing appropriate financing to the private sector from global financial sources in order to finance the transfer of modern technology, especially the manufacturing and petrochemical industries, as well as industries related to the provision of high-quality products.” “A link to reconstruction, to ensure stable and high growth rates and provide the requirements for sustainable development and operation.”

He pointed out, “Global energy market sources indicate that the current oil prices will continue to rise until the end of the year 2025, with an average price of one barrel of crude oil at no less than $82, which is an average that exceeds the conservative price mentioned in the general budget law above, which was estimated at about $70 per barrel.”   https://www.mawazin.net/Details.aspx?jimare=250173

"STATUS OF THE RV" BY MNT GOAT, 25 JUNE

STATUS OF THE RV

I wanted to come on today and discuss a conversation I had with my CBI contact on Saturday. Since I could not arrange a call on Wednesday, as planned, the conversation was extra-long and enlightening. I want to share this conversation with you today. Also I want to share a couple main points today in the progress of the economic reforms in Iraq and their impact. I will anticipate a few questions many of you might be thinking while I go through the news. 

So, what did my CBI contact tell me? 

To sum up what my CBI contact told me was for investors from the west to relax and not follow every little (or big) event as a target to get the reinstatement of the Iraqi dinar. They watch and read what these conference calls say on the effort of informing people and it simply is not all true. Also we talked about June and so we are well into June already and still no Project to Delete the Zeros. I did not dare ask when it would happen after the lecture I just received …lol..lol..lol.. 😊 Shame, shame on me. My friend and contact does not like it when I ask questions that I should already know the answers to. 

In this regard, I was told that the effort to roll out the new ATMs should be an indication of the progress with the project and not to worry as the committee is working closely with the banks to track the ATMs, their locations and to have sufficient supplies of the lower denominations available to load the machines when they distribute them to the banks when ready.

But the majority of the government run banks DO NOT yet even have the newer notes as the CBI just does not hand out FREE money to people, especially worthless notes (at this time). In order for the banks to receive the notes they will have to exchange the 3 zero notes for them. This exchange will happen when and only when the CBI is ready to begin the process of the swap out. This has NOT yet begun. This effort has to be a well calibrated and coordinated event.  

I was also reminded once again that June marks a pivotal point as the CBI is moving now into a third phase of their strategic plan. It is a calibrated plan not some random happening of events where the CBI is in a panic mode or reactionary mode all the time. I was told that the dollar prices are coming down as predicted after the EID holiday. Soon they will be inline with the reform plan which is within limits to the “official CBI rate”. This new phase of the plan will run from June to 2026.

Again, I was told that NO insider, backdoor, international trading or otherwise was being conducted on the Iraqi dinar. If you hear rumors of otherwise it is all lies. Investors can come to the ISX and purchased Iraqi dinar at the “official CBI rate”. There is not yet the availability to trade on FOREX or any of the other foreign exchanges. There is still a benchmark on FOREX displaying the ISX rate and a link back to the ISX. Again, this rate may vary by slight fluctuations from the official CBI rate because of some minor responsiveness by some investors and their demand for it. The ISX dinar does float already but is still solely pegged to the dollar. Investors really can’t do much with the dinar at this time as in the west there are still US Treasury sanctions effective on the currency.

I then asked how the rate of the dinar would be determined in the future and if there is another system to be used to determine the rate of the dinar based on all of its newer resources and economic changes. I was then told that “you know and I know that the rate of the dinar is now being artificially suppressed” and that it is the “global order” that is holding the CBI back. I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion. Also, it was pointed out that all the UN sanctions are now lifted from Iraq and so why has the US Treasury not also yet lifted their sanctions too on the dinar? So, you see, she said, it is all a political game being played. She said she would leave this game up to the board of directors at the Central Bank as she is just part of a team doing her job. I then thanked her for her opinion in this matter.

She said that her committee was directed to be ready in June and did plan in June to begin the project to delete the zeros but the Central Bank as not yet received the assurances needed in writing from the US Treasury that they would support us fully all the way through the process. To me this meant to conduct the project to delete the zeros, swap out the notes and then onward to the reinstatement of the dinar. I was assured I was correct in my thinking. I already knew this as this was all in the Dr Shabibi plan anyway. This was just a confirmation that they are still closely following this part of the plan anyway. My feeling after this conversation was not negative but it was not so positive either since the US is still holding back and not fully supporting the financial reforms and the events that were supposed to happen at the end of the second phase of the reform process.

..TO BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Dinar RV Huge News Today🔥You Won't Believe What the World Bank Predicts ...

Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget schedules, 25 JUNE

 Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget schedules

Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.

Committee member Nazem Al-Shibli said, “The budget is effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget is not devoid of complaints and appeals every year, but the court It is the one who decides the authority to implement or legi slate.”
 
Al-Shibli added, “The court will hear all appeals,” pointing out that “the budget is subject to appeal if any party objects to a part of it,” noting that “all appeals are normal and do not rise to the rejection of some paragraphs.”  link

"RV UPDATE" BY MNT GOAT, 25 JUNE

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar Guru News Highlights (6/25/24)

The President Of The Republic Calls For Amending Laws Related To Investment, 25 JUNE

 The President Of The Republic Calls For Amending Laws Related To Investment

Political | 02:19 - 06/24/2024  Baghdad - Mawazine News   On Monday, President Abdel Latif Gamal Rachid called for amending laws related to investment.

A statement from the Presidency of the Republic stated, “The President of the Republic, Abdul Latif Jamal Rashid, received today at Al-Salam Palace in Baghdad, the Chairman of the National Investment Authority, Haider Muhammad Makkiya,” indicating that “during the meeting, the National Authority’s work plans and its investment policy were reviewed.”

The President of the Republic pointed out "the necessity of overcoming obstacles facing investors, as well as supporting Iraqi businessmen and involving them in the investment process."

He explained that "activating investment requires making amendments to some of the applicable laws," stressing his support for "everything that would facilitate and revitalize this vital sector in a way that strengthens the national economy and provides job opportunities."

He stressed "developing communication mechanisms, exchanging experiences and information, and enhancing the process of trade partnerships between Iraq and countries with expertise in this field."

For his part, Makiya affirmed the Authority's "keenness to develop the work," reviewing "the investment plans and projects currently in the works, in addition to the future plans drawn up to develop all cities in Iraq and serve their residents."   https://www.mawazin.net/Details.aspx?jimare=250163

"IRAQI DINAR NEWS" BY ARIEL, 25 JUNE

 Ariel 

@Prolotario1

🚨 Iraqi Dinar News: 

1. Current Exchange Rate: 1320 dinars to 1 USD.

2. Proposed Revaluation (RV): Dropping three zeros from 1320 results in a new rate of 1.32 dinars to 1 USD.

3. Pipeline 2024 Budget:

• Allocated Amount: 6.5 billion dinars.

• Converted to USD using the proposed rate: 6.5 billion dinars / 1.32 dinars per USD = approximately 4.9 billion USD

4. Calculation: 

6.5 billion dinars

4.9 billion US ≈ 1.32 dinars per USD

4.9 billion USD 6.5 billion dinars ≈1.32 dinars per USD.

Now I see why the The Budget Department of the Ministry of Finance called on all ministries, governorates, and entities not affiliated with a ministry, to send their representatives tomorrow/today Sunday, June 23, 2024, to receive estimates of current expenditures, revenues, and investment projects for the current year. 

Which were approved by the House of Representatives in accordance with Parliamentary Resolution No. (64) of 2024, adopted at its session numbered (27) on June 3 of the current year.”

People they now have all the calculations for what is going to be spent. Which means they are ready to reinstate the currency. The Revaluation happened internally in-country in 2023. We are not waiting for that. Man we are so close now. Because with these investment projects ready money is about to start flowing in. 

The current rate of 1320 dinars to 1 USD, when adjusted by dropping three zeros, would be 1.32. The calculation then links the budget allocation for a pipeline project, which is 6.5 billion dinars, equating to approximately 4.9 billion dollars. 

This aligns with the new adjusted rate, suggesting the timing of these financial plans is intentional, aiming to expedite projects like the new pipeline before 2025. Remember they do not have the luxury any longer to drag their feet. The oil pipe line is being expedited. 

I hope you all are preparing yourselves. You can wake up at any moment and be in an entire new income bracket. Everything is is perfect alignment. Especially when you consider the ATMs that are being deployed.

PIMPY: Iraqi Dinar update for 06/24/24 - No no no smh stay away from conflic...

‘The Iraqi Dinar is revaluing extremely soon BY MIKE BARA, 25 JUNE

 MIKE BARA

Word from a source just received:

 He got a call from a high banking source at a major bank in the south. “You’ve been bugging me about this for ten years. Well, congratulations buddy. Your dream is about to come true.”

 SOURCE: “What do you mean?” 

BANKER: “We just got a letter from headquarters informing us to get ready because ‘The Iraqi Dinar is revaluing extremely soon.’”

---

The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow at "Sundown" and is a week long. There is no Plan C.

--

The "Bondholder" is once again certain he gets paid out on Tuesday, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday. More as I get it...

---

Will ‘Cost Of Living Crisis’ Get Worse? Why Consumers Are 'Getting Squee...

European Central Bank Announcement BY GOLDILOCKS, 25 JUNE

GOLDILOCKS

European Central Bank Announcement:

"ECB announces 48 participants in wholesale DLT trials, including HKMA"

The Eurosystem is currently carrying out wholesale Digital Ledger Technology (DLT) settlement trials with the focus on Central Bank money. 

The focus of this trial is on the interfacing and use of Central Bank money (wCBDC) as money on the QFS.

The trials involve real payments with volume limits and simulations. The hope is to find interoperability on the payment side of the Central Bank's ability to move money through the new digital banking system. 

Domestic payments, securities settlements, and payment versus payment transactions which is where Hong Kong comes in to play. 

Payment versus payment transactions is a new term we have not discussed so far. PvP is a settlement mechanism that ensures final transfer of a payment in one currency occurs when and if the final transfer of a payment in another currency completes its transaction. 

Here, we are witnessing the interfacing of Central Bank Digital Ledger Technology being Incorporated unto the new QFS.

To be clear, this is not a pilot program where the simulation of money is processed. This is a trial. That being said, a trial utilizes actual money to process through the system.

© Goldilocks

https://www.ledgerinsights.com/ecb-announces-48-participants-in-wholesale-dlt-trials-including-hkma/

Coffee with MarkZ. 06/25/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Mighty fine Tuesday Hope everyone is having a fantastic day!

Member: The Battle of the Little bighorn occurred on June 25,1876, near the Little bighorn River in Montana Territory.

Member: I love roller coasters I mean, I have season passes to Six Flags and Busch Gardens. but I’m all the way over this one. Let’s just get this done already.

Member: What is new and exciting in the RV world  today Mark?

MZ: Starting Saturday and Sunday…. I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of  July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year. 

MZ: so I was told the roll out around the 6th and 7th. That is the rumor. But remember we don’t know the timing….but, I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for.  Let us hope. 

MZ: We do know that the world is seeing some very interesting dumping of US Treasury bonds. So perhaps the bankers showed a devaluation of the US dollar on the 23rd….which makes sense because as countries unload T Bills – they come back to the US and devalue the dollar. Anybody who has studied any level of economics knows this. 

Member: Mark if treasury bonds get dumped I was told it will crash the stock market

Member: Well many countries are dumping treasure bonds right now….come on  QFS Reset!!!

Member: July 4th would be an amazing day for us to get our real world back

Member: I don't believe Iraq will change their currency to consider with any day that is important to the USA, such as July 4th. This belongs to the Iraqi, not us.

Member: Well if Iraq is part of the entire world reset….they may be scheduling their RV events to coincide with the reset?

Member: Mark, isn't it interesting that all of the currencies we have been tracking for years have countries that are either in Brics, or actively pursuing Brics membership?

MZ: “Fed President points to several warning signs for economy” He talks about rising unemployment claims, increase in debt delinquency payments, cooling consumer spending….These are all things that give them a reason to change rates. 

Member: I wish we knew if QFS was real…and if it is….if it will be safe. 

Member: Does anyone know the status of the QFS system….Is it ready to go?

Member: Frank26 was told by Walkingstick that he can stop asking about the budget. Why? Answer is “It’s all there!! It’s True”   “The new exchange rate, the projects, the cities, ATM’s, the contracts, the lower notes”   it’s all there in the contract. Can we trust it? “It’s true, It’s a fact….”Where is it?” “It’s in Sudani’s lap”

MZ: I will buy that. 

Member: When are we going to cross the finish line????????

Member: I tell people the RV is like the return of Jesus. We see the signs but don't know the day or hour.

Member: I am really hoping Nesara is announced soon

Member: I don’t think NESARA will ever be “announced”. Some parts of it will be implemented over time, but definitely not that entire list we’ve all seen.  Imo

Member: When Nesara happens will our credit scores all go to zero? Will the stock market lose most of their value?

MZ: When El Savador did their version of that recently…they went to a complete wipe and credit scores went to zero. We don’t know yet about the stock market. 

Member: There is a world full of love amongst the hate, embrace it

Member: Happy birthday to those celebrating and prayers for those in need

Member: Thanks to Mark and the Mods for all their info….Praying we are inches from the finish line. 

“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”