Like I said way back in 2023 even before the budget was finalized that there would NEVER be an RV rate in any budget. Why? Because the Iraqi budget is based on the selling price of a barrel of oil and not their currency rate...Budgets are based on revenues not currency rates.
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I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that “you know and I know that the rate of the dinar is now being artificially suppressed”...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...
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...it is nearing the end of June already...
Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.
Article: "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA"
...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 it's 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.
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Article: "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA" ...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 it's 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?
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 ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/so-as-investors-where-do-we-stand-with.html
The Service of Power expected good repercussions in the field of electrical energy that residents will feel in this month.
The Associate Chief General of the General Organization for Power Conveyance in Baghdad, Ahmed Murtada Saeed, let the authority paper know that “the organization has arranged an exceptional arrangement for the activity of feeders and related portable or speedy establishment stations, as it introduced many low-pressure transformers in every aspect of Baghdad during the previous week.”
That’s what he added “good repercussions are normal on energy and its dispersion component between the region of the capital, Baghdad, and residents can feel this improvement beginning from the center of this July.”
“There are over 3,000 feeders for electrical energy in the capital, Baghdad,” he said. He made sense of that “the distinction that will happen emphatically in giving energy isn’t an answer for the energy issue on a basic level, yet rather a steady arrangement at a sped up pace.”
You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly...The WTO is at the core of this. It's real.
Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.
The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...
They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.
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That's what we are waiting for as we speak [seeing what's in the budget]. We haven't seen them expose that rate or that information to us just yet but they're going to. They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.
The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half.
Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."
Everybody should be pumped and ready to go...
Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance"
This article right here will blow your socks off...
The Dollar In The Parallel Market.. Al-Sudani’s Advisor Presents A Different Vision And Economic Experts: An Imaginary Stability
2024-07-02 Shafaq News/ The advisor to the Iraqi Prime Minister disagreed with what four economic experts said regarding the "stability" of the US dollar exchange rate against the Iraqi dinar, stressing that "the stability of the dollar is real and solid and not imaginary as some believe."
However, the economic experts said that the stability is "not reassuring," and what is happening now is a decrease in the dollar's volatility, while stability will occur when the dollar returns to the official price of the Central Bank.
The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, says, “The exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1,220 dinars per dollar.
It is a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent.”
Saleh added to Shafaq News Agency, "Based on the above, and in light of the strength of the foreign reserves supporting the Iraqi dinar, whose value as liquid foreign assets exceeds $100 billion,
which is the highest in the history of Iraq in the development of its international reserves, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that affects the parallel exchange market due to urgent international or regional political events here and there."
He explains, "After the decline of the dollarization phenomenon in domestic transactions, especially in contracts, obligations and payments within the country since last year, legally, the parallel exchange market has become such that its general effects today only form a narrow economic scope of prohibited transactions practiced by informal markets and at a rate of 10 percent of the total supply and demand transactions for the currency."
Saleh concluded by saying, “Accordingly, the stability of the exchange rate of the dinar to the dollar that the country is witnessing, even in the secondary markets above, is a real and solid stability and not an illusion as some believe.
Rather, it is derived from the strength of the impact of the price and quantity factors of the monetary and fiscal policies and their integration in imposing overall price stability in the country and containing the inflationary expectations that were caused by the forces of the parallel exchange market during the past years.”
But the economic researcher, Ali Abdul-Kazem, explained that “the stability of the dollar occurs when the dollar returns to the official price of the Central Bank, but until now its price is more than 15 points above the official price in the budget, so there is no stability, but the fluctuation in the parallel market is somewhat stable as a result of several things, including the increase in the number of dollars that were for pilgrims.”
Abdul-Kazem added to Shafaq News Agency, "The budget has not been launched yet and its implementation began this month, and this also has an impact, as well as increasing the Central Bank's sales of dollars, and the recession witnessed by the markets reduces import operations, and all these reasons and others have helped to keep the dollar low in the current markets, as for the stabilization process, when the dollar reaches the official price, then it can be said that the dollar price has stabilized between the parallel and official."
The economic expert, Karim Al-Helou, agrees with what Ali Abdul-Kazem said regarding the instability of the dollar, “but these are temporary cases, because the issue of the dollar in Iraq is supply and demand. When bank transfers abroad increase without obstacles and routine, the demand for the dollar decreases, which leads to its decline.
When there are obstacles in Iraqi banks, especially with Iran, from which Iraq imports 13 billion dollars annually, we need hard currency to deliver it to Iran, or some places where a platform has not been opened, such as Iran and others, these require going to the market.”
Al-Halou explained to Shafaq News Agency, "This stability is temporary and lasts for days, and there are mafias specializing in the dollar that have huge amounts of dollars that they put down in the market, which leads to a decrease in its price, and then they buy it again and the supply decreases, which leads to demand for it and its price rises again."
He points out that "the budget has not been launched yet, and many projects are stalled due to the lack of advances for these projects, although the Prime Minister recently launched the delivery of advances, but it takes time due to the bureaucracy. Therefore, in this case, the demand for imported materials from abroad decreases, and therefore the demand for the dollar decreases, which leads to a kind of calm and stability that exists."
He explains, "Iraq imports 90 percent of its materials from abroad, most of which are in dollars. Some countries have opened platforms for them, and the Central Bank's transfers amount to 280 million dollars, which is a huge amount. In addition, citizens' travel for Hajj and other purposes, in addition to the summer vacation not starting for the sixth grade, all of this leads to a decrease in demand for the dollar."
“Therefore, all these factors lead the dollar to calm and stability. It previously fell to 144, but then rose again to 148, and the difference with the official 1320 is more than 15 points. Therefore, this is not stability. Rather, the correct stability is as it was before, when it was 1120 in the Central Bank and 1121 abroad. This situation continued for years, and strategic projects were set at 1121 for the dollar.
However, after former Prime Minister Mustafa Al-Kadhimi raised the dollar price against the dinar, the current Prime Minister, Mohammed Shia Al-Sudani, came and restored it, but the fluctuation continued, due to the presence of mafias, a political lobby, and banks affiliated with parties that have a relationship with the dollar file.”
Al-Halou concluded his speech by saying, “Therefore, the stability is not reassuring and not natural. Rather, it is merely periods for certain cases related to imports, travel, and all factors related to the exit of the dollar from Iraq.”
This is what the economic expert, Diaa Mohsen, also went to, who explained that “what is rumored about the stability of the US dollar exchange rate in the local market is a lie that some of those who ride the government ship are trying to promote, because the citizen knows that when the Prime Minister presented his government program to the Iraqi Council of Representatives, one of his priorities was to reduce the dollar exchange rate against the Iraqi dinar, and many pages were created to promote this topic, but to no avail,” he said.
Speaking to Shafaq News Agency, Mohsen attributed the rise in the US dollar exchange rate in the local market to a number of reasons that the Central Bank of Iraq could not address.
Either because it knows these reasons (and this is a disaster) but it cannot confront those responsible for this rise, or because it does not know these reasons (and this disaster is greater than the previous one) because the Central Bank of Iraq is entrusted with the money of the Iraqi people and not following up on this money and its spending doors is a breach of trust, he said.
He added, "Therefore, the talk about the stability of the US dollar in the local market is not true, because everyone knows that the decline in the exchange rate of the US dollar occurred during the Eid al-Adha holiday, and there is a relatively long holiday. In addition to that, Iraqi traders have begun to use other methods than smuggling the dollar out of Iraq, which is represented by buying gold and smuggling it."
He continued, "In general, we do not believe that the monetary authority, with its confusion in taking measures, can control the exchange rate of the US dollar, nor do the executive authority's measures have the ability to limit currency smuggling operations, whether foreign currency or gold. As for prices, they will not exceed 1,500 dinars per dollar and will not fall below 1,450 dinars per dollar."
While the economic expert, Abdul Rahman Al-Shaikhli, believes that “the fluctuation in the dollar price is a natural matter, and it continues from time to time as a result of being affected by the smallest details, including the departure and return of pilgrims, so the price will remain between 1450 and 1500 dinars continuously, and the fluctuation between these two numbers is a natural thing.”
Al-Shaikhli pointed out during his interview with Shafaq News Agency, "There are some residents abroad who control the currency by issuing and withdrawing the dollar when anything happens inside Iraq, taking advantage of opportunities to manipulate its price. This situation exists in all countries of the world and may be very clear in Iraq because we have not witnessed this experience before, but this remains a natural issue, and we should not worry about it, but if it continues for a long time, it can then be considered an abnormal event." LINK
Article: "Advisor to the Association of Banks:The third strategy of the Central Bank is a new methodology for financial and banking reform" The Central Bank is prepared to achieve all goals in the second half of 2024 and the years of 2025 and 2026. ...these are from the original white papers that we talked about a couple years back. This article is the first indication that the white papers are the guiding light to the CBI's progress toward financial stability and banking reforms that aligns with International banking standards.
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The four factors that have or can affect the Iraqi dinar currency...The first...is the '24 budget...presents a significant issue for Iraq. The World Bank's assessment that Iraq needs an oil price of $90/barrel to meet budget requirements is a stark contrast to the current oil price of around $80...This ongoing issue boils down to how the World Bank reviews financial data and how Iraq view the same data. The second factor...until 2014 Iraq almost always created jobs for college graduates...In the eyes of Iraq, a government career is part of the benefits of being an oil rich county...One reason the budget is so large is that Iraq is budgeting for over 700,000 new government jobs.
The third factor...there are two exchange rates in Iraq...The official rate is round 1310 to $1.00. The market rate...fluctuates higher around, 1450 to $1.00 and cause issues, even protests. The market rate is the rate at which people live day-to-day... Because Iran and Syria need and want US dollars the US Federal Reserve has encouraged Iraq to rely more on the Iraqi dinar than the US dollar. This effort keeps Iraq out of trouble with the US Federal Reserve and the Department of Treasury...The issue of the two exchange rates is expected to be resolved over time. As of January 1, 2024 all transactions are mandated to be conducted in Iraqi dinars and the gap between the official exchange rate and the market value is anticipated to decrease, offering a sense of stability
...This is the most concerning issue that is brewing. All oil revenue paid to OPEC is in US dollars...Iraq's oil revenue is received by the US Federal Reserve first and then allocated to Iraq...The fact there are backroom talks over the position of OPEC going forward leaves [us] concerned for Iraq's Financial safety especially if the country wants to receive oil revenues in the dinar currency. However this would be one of the best steps to strengthen Iraq's currency...OPECs power is being threatened from within and this could lead to an uncomfortable situation for Iraq.
The Ministerial Council for Economy issues decisions, including obligating government agencies to purchase national products
The Ministerial Council for Economy issued several decisions during its meeting in Baghdad, today, Monday, including obligating government agencies to purchase the national product in support of the country's economy, and the Ministry of Water Resources submitting a detailed report on the salinity treatment project, while approving several projects in the Rutba district in Anbar Governorate.
A statement issued by the Ministry of Foreign Affairs - received by the Iraqi News Agency (INA) - said: "Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the nineteenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs."
He added, "The Council hosted representatives of the Ministry of Oil to discuss facilitating customs procedures related to goods belonging to the Ministry of Oil (national effort contracts, licensing round contracts, and strategic contracts for the Ministry."
The Council confirmed - according to the statement - its decision and the circular of the General Secretariat of the Council of Ministers to allow the clearance of goods belonging to ministries, entities not affiliated with a ministry, and government institutions after submitting an official pledge to complete all customs procedures in accordance with the Customs Law when due. The Council also decided that the Ministry of Water Resources would submit a detailed report on the project to treat salinity and prevent the rise of salt tides in the Shatt al-Arab and the opinion of the advisory body regarding it.
The Council decided to emphasize to all ministries and entities not affiliated with a ministry the commitment to implement Article 30/Second of the Federal General Budget Law (purchase of the national product) in support of the national economy and national industry, especially with regard to liquefaction seals (which close containers for transporting goods and track them electronically), and the Ministry of Industry to proceed with procedures to impose product protection fees.
The Council also decided to approve the project to rehabilitate streets in the neighborhoods of Al-Mithaq Al-Jadeed, Al-Matar Al-Jadeed, and Al-Intisar in Rutba District, and to direct The Reconstruction Fund for Areas Affected by Terrorist Operations will follow up on the implementation of the work items during implementation and not upon initial receipt.
The Council also decided to recommend to the Council of Ministers to approve the recommendations of the committee on establishing mechanisms to regulate the import of used materials, with the review of controls every six months instead of three months. link
What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented.
You do want the RV don’t you?
Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption.
Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Of course there is also your own form of prayer too. Folks your prayers so far ARE WORKING and God has heard our cries.
Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII.
And now in 2024 the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this speculative crap or everyday / any day garbage intel confusing us. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in his work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. Let see what July brings us.
The financial advisor to the Prime Minister, Mazhar Mohammed Salih, identified on Sunday the important strategic, field and organizational factors that encourage international investors to work in Iraq, while pointing out two basic starting points for the development of the investment environment in the country.
Prime Minister Mohammed Shia al-Sudani confirmed last week, while chairing the eighth meeting of the Higher Committee for Reconstruction and Investment, that Iraq has become a safe and attractive environment forcapital from international companies, and a preferred market forbusinessmen and investors, thanks to the facilities and legislation provided by the government since its formation.
Saleh said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Prime Minister's statement regarding the development of the investment environment in Iraq comes from two main starting points: the first is Iraq's completion of its integration steps in providing safe and appropriate environments to attract foreign investment in Iraq, the latest of which is our country's accession to the agreement sponsored by the United Nations and called the Singapore Investment Agreement."
He added, "This agreement seeks to improve the investment climate in member states by enhancing transparency and fair regulatory procedures, in addition to providing mechanisms for resolving disputes between investors and countries through faster mediation or international arbitration, which gives investors a legal means to guarantee their rights, all of which are factors that the government of the Republic of Iraq believes in to encourage international investors to invest in our country with high resources."
Saleh stressed that "the Singapore Agreement and joining it is an important step towards enhancing international trade and investment, which contributes to achieving economic growth and improving economic relations between international groups."
He added that "the second part, which the Prime Minister referred to, is the momentum of the natural and human material resources of an important strategic country like Iraq, which ranked ninth among the countries of the world in terms of natural resources, and first in the world in possessing one square kilometer of resources in the ground."
He explained that "the geographical location of Iraq, which connects European countries by land with Asian countries by sea, encouraged the launch of the Development Road project, which took its executive steps from the Faw Port upwards within the construction of the dry canal and the upcoming related industrial, agricultural and service projects and in accordance with an important regional and international cooperation framework to attract global investments."
He pointed out that "all these strategic, field and organizational factors represent a positive invitation for international investors to work in Iraq under the direct sponsorship of the executive authority to facilitate their work and with high-precision legal protection link
As far as the banks are concerned it is from the OFAC sanctions. Get it?
There are no other sanctions and no other reason to justify it even if the OFAC sanctions have been lifted. Get it? The
banks don’t know any better. Until the dinar is back on FOREX this stigma exists. The banks can sell and even buy (but most won’t buy only sell) much like the internet brokers. That is all they are now working under since the dinar is not yet trading on FOREX. We can see that they would luv for us to come and exchange our dinars but unless the system allows them to do and accepts the currency at the rate we need to get, this is not going to work out for us. Get it?
So, lets stop going around and around and beating a dead horse. Just relax. Everything is now on the verge of going live on FOREX.
If you have been reading my Newsletter you can CLEARLY see it. But if you stop in only once-in-a- while to peek at the news, then you are behind and need to catch up to everyone else. I also want to say that my Newsletter is NOT about hyped-up speculative notions i.e TNT idiots.
Please STOP this in the comments. I will NOT publish this type of crap. Here in Mnt Goat Newsletter blog, we try our best to stick to the FACTS and only take FACTS and no rumors from Iraq such as these idiot gurus do with their TV screens about reeducation or dinars being loaded in the ATMs….lol..lol..lol… 😊 😊
Folks this is all just rumors and unsubstantiated crap! We must use our common sense. If these rumors were real someone, anyone, from Iraq would take pictures or videos of the information on their cell phone and forwarded it to some to broadcast. Iraq has passed beyond the camel days you do know that don’t you? So, these rumors and just not reality and we hear them over and over again as the years rolled on. When will you learn?
I also believe that Joe Biden must be out of the Whitehouse for us to get this blessing of wealth transferred to us. He is as deep state of a globalist as they can get. He is a very crooked, selfish, greedy, long-standing, do nothing politician. He has been their puppet since he took office. He is exactly the lying dog pony soldier that he claims everyone else is.
He stole the election as it was a well-orchestrated coup against the American people. How dare the democrats say there was no evidence of voter fraud when many people have already went to jail over it. The evidence is overwhelming. But why didn’t anyone want to investigate it? Why didn’t they want to touch it? This is yet another question we must keep asking.
Now the democrats even want to push this agenda of no voter fraud to yet a new level to reinforce their lies yet even more by going after those who know the evidence and try to expose it. Folks, this is Nazi Germany style politics. I have to say what planet do they live on?
The majority did not want Biden to take office and much preferred the reforms that former President Trump wanted to bring to politics and to clean up much of this corruption in Washington. They shame Trump with their constant lies and if you watched the debate on 6/27 you heard the lies from Biden’s own mouth. So now all of America and the world watched it first hand. But again, many extremists still cling to Biden. I have to keep asking myself why? I don’t get it. Will they someday wake up to reality?
Parliamentary Finance reveals the effects of the oil price increase and its differences in the 2023 and 2024 budgets
Member of the Finance Committee in the Iraqi Council of Representatives, Mustafa Al-Karawi, revealed today, Monday, the effects of the increase in the price of oil and its difference in the 2023 and 2024 budgets, while he spoke about the fate of the revenues of the difference in the price of a barrel, which is approaching the $10 limit for each barrel sold.
Al-Karawi said, "90 percent of the country's revenues depend mainly on oil, and the more oil revenues or the price of a barrel of oil increase, the lower the expected deficit in Iraq's budget."
He added, "There is no big difference between the 2023-2024 budgets, as the government relied on a price difference of about $10 if it built its budget on $70 per barrel and expected the current price of $80 per barrel."
Al-Karawi explained that "the increase in oil revenues will contribute to bridging the deficit, and since the expected difference is $10, the deficit coverage will be 16 trillion dinars in the 2024 budget."
It is noteworthy that Iraq sells about four million and 250 thousand barrels of oil per day, and needs about 54 trillion dinars as salaries , as the 2024 budget was approved at a fixed price of $70 per barrel, while the current price of a barrel is $90, which reflects the fluctuations of the oil market.link
The news is still concentrating mostly on bringing in foreign investors and they told us today that there was a two part plan, and this plan is now completed.
You can read the articles on this subject matter in today’s articles section. The other part of the ongoing news from Iraq is still about the Parallel Market rate vs the Official CBI rate of the dollar. On one had the financial advisor Saleh to Al-Sudani tells us and I quote –
“The advisor to the Iraqi Prime Minister disagreed with what four economic experts said regarding the “stability” of the US dollar exchange rate against the Iraqi dinar, stressing that “the stability of the dollar is real and solid and not imaginary as some believe.“
However, there are four economists who step in and disagree with Saleh.
In the article they give their opinion, but it is just an opinion remember.
Saleh works with this issue daily and he is executing a plan. The plan takes time but Saleh says it is working and again tells us “soon” the parallel will equal the official rate.
But this is weird because Saleh also says and I quote – “which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1,220 dinars per dollar”.
So it appears the currency auction rate has reached 1220 at some time but is not yet steady. Remember they get these fluctuations and they are a good sign but must wait for it to stabilize. I believe this is what Saleh is telling us. This is all good news.
Now let’s look at why this is all good news. Also in the same article it gives us a review of the past before Covid and under other prime ministers. It explains factors that affects the rate.
I quote from the article – ““Therefore, all these factors lead the dollar to calm and stability. It previously fell to 144, but then rose again to 148, and the difference with the official 1320 is more than 15 points. Therefore, this is not stability. Rather, the correct stability is as it was before, when it was 1120 in the Central Bank and 1121 abroad.”
Now after reading this last part that I quoted let’s go back to what Saleh told us has recently happened in the currency auctions.
I will quote to you again – “ “which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1,220 dinars per dollar”. So the rate is slowly stabilizing as has now reached 1,220 from 1,320. The goal is 1,121.
Folks this is not too far off. Am I telling you they will RV when it reaches their goal. Of course not but these rates adjustments tell us they can not hold this back much longer and even with their own criteria something must be done and done soon to bring the dinar to the international investment world and free it up.
I can see some of my readers commented on the OFAC sanctions and did some research on your own. Congratulations on your findings! Kudos to you. But are you understanding what the US Treasury told you. This get weird and I tried to explain it all to you in one of my past Newsletters. Did you understand what I told you? What the US Treasury told you is in line what I presented to you already. The dinar is still a “risky” investment for the banks due to not being officially back on FOREX.
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: Good morning everyone… good morning Markz …good morning mods
Member: Happy 4th of July week!
Member: So are your bankers still saying the 4th thru the 7th?
MZ: “BRICS: JP Morgan Predicts Huge US Stock Market Crash”, Stocks could fall 30% as US heads for a deep recession, analyst warns….A collapse of the banking system would force the issue …it would also cause unrest and starvation around the world. /so I hope the PTB will do this reset the right way.
Member: If white hats let this happen – they are as bad as the cabal/deep state…imo
MZ: Here is another big one: “ Stocks could fall 30% as US heads for a deep recession-analyst warns” I was told it could be 40% to 60% almost 20 years ago. .
MZ: One of my CMKX sources did a quick check-in and Fines and Penalties were updated again. They are hearing a lot of chatter and they are ready to go- prepared and ready.
Member: 3 more African nations just asked to join BRICS!
MZ: And there will be more!
Member: I cannot wait to see the African nations restored! They have many many riches~
Member: Mark, When Brics announces their gold backed currency, will that force the US to release our new notes???
Member: that is logical to me.
Member: Frank26 wouldn’t give us certain information but intentionally out his white shirt on. The white suit supposedly means we are a go.
Member: Simply Linn said this morning that we are on standby.
Member: Question: How can Iraq be excited when they have no A/C, lack adequate infrastructure (electricity), and is supposed to reach 126 degrees in Iraq today? Hard to celebrate when it's that hot outside.
Member: I read that this AM. The temp there is rediculous! They are having issues w electricity there. Time for change for sure
Member: Some are saying In Iraq- it will be a float and start out low. I don’t think that would work because of the contractors who want to know what they are getting paid?
MZ: I’m with you. I’m not saying a float is not possible….but I believe it would have to be managed and come out closer to the end rate they want.
Member: Today, we are one day closer to our breakthrough blessing day. Hold on, we will win the race. The finish line is close. Don't give up trusting and praying.
Member: I still say the 4th of July –Independence day would be the perfect day for the RV and us to be independent from financial tyranny.
Member: Remember Charlie did say the RV would go on a Thursday
Member: Let’s hope July 4th is “the Thursday” Charlie Ward keeps talking of.
MZ: There are a lot of rumors going around that this is the “go” We don’t know. Noone knows the timing.
Member: Everyone enjoy your day…..the best is yet to come.
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
Welcome to July. First, I want everyone to know why the RV process has not yet begun (Project to Delete the Zeros) in June as planned by the CBI. My conversation with my CBI contact this past Saturday has assured me once again the CBI is not going to be fooled again. They told me the CBI needs,
in a FORMAL written agreement assurances that the US Treasury will promote the Iraqi dinar back to FOREX, if and when the CBI begins the final stage of the currency reform. They need to move ahead, they want to move ahead. I was told it would be disastrous to increase the rate, then delete the zeros yet not move to FOREX. It all has to work in steps.
Folks, I know we all expected something is June and the US Treasury promised they would cooperate a month ago, but here we sit and its now July. The confirmation letter of agreement has not yet been provided under the Biden administration.
So, what is holding up the U.S. to give its permission and assurances? I have talked to people in the Biden administration and they flat out told me Biden in not going to give permission. But I asked why?
This is left to me to speculate on. But I believe the spineless deep state idiots running our government today could not care less about us investors and most importantly about the Iraqi people. We are all just pawns they play with. These crooked politicians already exchanged way back in 2012–2013 and so who now cares about us. Yes, this is the Obama and now Biden mentality.
I assure you this has gone way beyond us investors telling anyone what to do. It is all about “corruption” and we are now seeing it for all its worth. In my last Newsletter I talked about my conversation with my CBI contact at that time. What did she tell me then?
She told me basically the US are bastards. Opps… I wasn’t supposed to tell you that. But I owe you the TRUTH! I am no longer going to hold back. My contact told me the same.
This is now ridiculous. The US Treasury knows damn well to kickoff the 3rd phase of the strategic plan was to bring the dinar back to FOREX.They were in meetings held to talk about this 3rd stage to the overall plan.
This manipulation is really sad. A decade ago, I could hardly make these claims. But come ‘on folks it has been 20 years already and the entire Europe was rebuilt in a shorter timespan post WW2. But who cares about Iraq, they say. Yes, as long as the oil if flowing, they are taking their corrupt share, the US politicians don’t give a shit about the people of Iraq. Shame, shame, shame on them. Yes, this means democrats and republicans too.....FOR READ MORE: https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/