SUMMARY OF Q & A BY MNT GOAT, 27 JULY

  Q & A

a. Question from acetone: Historical Precedents: Historically, redenominations typically affect all holders of the currency equally, regardless of their location.

Mnt Goat Answer: For the larger 3 zero notes inside Iraq the citizens will be given a time period to swap them out. There will be ONLY one IQD rate, get it? The first rate is a redenomination rate inside Iraq and it will be a change to  the official CBI rate, get it. Any banks outside Iraq will have to follow the same rate. This is why they placed a bookmark or linked rate on FOREX bak to the CBI official rate. Get it. It is already in place.

Inside Iraq this official rate will be greater than the dollar. This is why they are so concerned about the parallel rate vs the CBI official rate. They need to have the official rate over a dollar, not under. This is to suck in all these 3 zero notes. People will need an incentive. Get it? If the IQD is greater than the dollar why would the citizens not swap them out? If they don’t and hold on to them then that is what happens, when it happens. No one has a crystal ball and no one can force them to do anything. But the CBI told us there will be a deadline and inside Iraq for the general population these 3 notes will expire (not null and void, just expired), so there will be a deadline to turn them in. Remember at this point the IQD is NOT yet on FOREX. I have been saying this all along. This is a two-stage process. Did you listen to me? Go read my blog. Here is the link for the process again.

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

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july_0492437478.html

----

Q & A

Question from acetone: it is not my intention to annoy or alienate , however, your assertion that there will be no change in value in country but iqd note holders out of country will essentially be immune from the delete the zeros project as they will enjoy the face value of their notes applied against the respective forex rate. This is highly problematic for the following reasons: ( bla bla bla,)…. in short, purportedly massive amounts of IQD are being retained by Iraqis and held outside the banking system as such. what would motivate said Iraqi note holders residing in Iraq to turn in their 3 zero notes for the new redenominated notes?……

Answer from Mnt Goat: Guten tag acetone. To answer your question, I need to refer you to my blog section on how the Project to Delete the Zeros will work. Please click on the link.  

All the information you are seeking is there. Please spend some time and go read it. That is the purpose of my blog, to tell the TRUTH. Sorry I cannot personally hold hands and babysit thousands of people especially newbies to this investment. If you have a question already not addressed in my information presented, I will be most happy to address it. But thanks anyhow for the good questions, it shows you are concerned and can think for yourself. Good job! 😊 Remember there is a bit of common sense too we must apply here. I have been in the study of this for two decades and in close contact with the CBI since 2011.

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july.html

Iraq's 10% Investment Offer: A Game-Changer for Global Investors

Iraq discusses with an international company the details of restructuring government banks, 27 JULY

 Baghdad – Mil

Finance Minister Taif Sami discussed, on Thursday, with the international audit and supervision company “Ernst and Young” the plan to organize the work and restructuring of Iraqi government banks.

The ministry said in a statement, and responded to “Mail”, that “Sami chaired a meeting at the ministry’s headquarters with the company’s representatives, where a draft was submitted by the audit company on the organization and restructuring of the Rafidain and Al-Rasheed banks, in addition to discussing the proposed plan and the stages of implementation and determining the frameworks of the contract and formulating them in line with the priorities of reform and development.”

According to the statement, Sami stressed, “the importance of benefiting from the expertise of sober international companies such as Ernst & Young in the field of organizing and restructuring financial institutions, as the ministry aims to make Iraqi banks internationally and locally acceptable to provide better services to citizens.”

“The audit firm’s experiences will contribute to improving the efficiency and effectiveness of financial institutions, as the integration and organization of financial institutions are expected to improve the quality of banking services provided and enhance investor confidence in the Iraqi economy,” the statement said.

https://miliq.news/political/33114–.html

RV UPDATE BY WALKINGSTICK, 27 JULY

 Walkingstick  

This YouTube commercial  you're going to be seeing soon...This is pretty big.  They're just going to talk more about the monetary reform and now they're going to tell the international world publicly...It is not just for the Iraqi citizens.  It's for the world to see and understand Iraq's monetary and economic reforms.  This is an excellent way to reach out to international investors.

Walkingstick  

 There's absolutely nothing getting in the way of this monetary reform.  Announcement to the Iraqi citizens as promised by Sudani and Alaq.   

It's no secret.  The world knows about the monetary reform of the Iraqi dinar.  The international world knows about a new exchange rate that is about to come out of this.  It's no secret, everybody knows the Iraqi dinar is about to go up in value. 

 [Response to the recent video below and articles coming out about Iraq's monetary  reform] That's how it's supposed to work.  The monetary reform education to the citizens. There's going to be a slew of articles  that are still coming.  This is just the beginning. 

Notice how everything is lining up for the monetary reform?  That's how you know it's not BS.

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-walkingstick-19-july.html

Global Investors, Take Note: Iraq's Bold Economic Reform Message”

Economist: The Iraqi Banking Sector Has Achieved Significant Growth, 27 JULY

Banks  Economy News – Baghdad  Today, Thursday, the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar Al-Obaidi, confirmed that the Iraqi banking sector has been able to achieve growth in many areas during the past period.

Al-Obaidi said in a tweet followed by “Al-Eqtisad News” that the data of the Iraqi banking sector between 12-31-2022 and 5-31-2024 indicate that the banking sector, despite all the challenges and shocks it faced during this period, was able to achieve growth in many areas, specifically in financial inclusion, as well as an increase in bank assets and maintaining the volume of deposits despite everything that was raised about the sector.

Al-Obaidi published a table showing all the figures related to the Iraqi banking sector between December 13, 2022, and May 31, 2024. At Link Below is the table published by Al-Abidi:217 views 07/25/2024 - https://economy-news.net/content.php?id=45590

RV UPDATE BY CLARE, 26 JULY

 Clare  

Article: "The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels" 

 Quote: "The Federal Bank has detected political influences from the Iraqi government..

.The US Federal Reserve will not be able to wait forever, and it is expected that there will be federal measures that may occur at any moment, and there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the Iraqi banking system, the Iraqi economy and the official political system. "

Article:   "Iraqi banking system..A significant increase in the number of bank accounts and the volume of deposits for citizens"  

Quote:  "The banking system in Iraq is gradually regaining citizens’ confidence...In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than in banks.  

However, the accession of the Iraqi Deposit Insurance Corporation (ICDI) to the International Association of Deposit Insurers was a decisive step in improving confidence in the banking system. 

Since its accession, Iraq has witnessed a significant increase in the number of bank accounts and the volume of deposits...This development enhances Iraq’s ability to attract investment and support economic growth by converting savings into productive investments."

🔥 Iraqi Dinar 🔥 Excellent Rate 🔥 Today IQD Value to Dollar RV News Guru ...

Saleh: The Central Bank's Dollar Reserves Are Solid And The GDP Rate Is Very Optimistic, 26 JULY

 Time: 2024/07/25 09:45:53 Read: 1,898 times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the cohesion of foreign reserves, especially the dollar, at the Central Bank of Iraq.

Saleh told Al Furat News Agency, "Covering urgent expenses in dollars, as they represent the desired demand for foreign currency, in addition to the level of sufficiency of incoming foreign currency flows and the level of maintaining the country's reserves of the total foreign currency held by the Central Bank, is subject to two main factors."

He explained that the first factor is "the nature of the oil asset cycle, which is still at its highest levels of global price increases due to the strength of global demand for energy, and that economic expectations indicate that potential price fluctuations towards a decline are still out of reach and are largely linked to the end of military operations in Ukraine, and the return of the flow of Russian gas and oil, especially to European markets, as the Russian Federation is the second largest oil-producing country in the world and leads the production and export of gas to major consumer markets in the European continent directly."

The other factor, according to Saleh, “is related to the surplus in the current account of the Iraqi balance of payments, as estimates issued by international financial institutions indicate that this percentage of the surplus in the current account of the Iraqi balance of payments to the country’s gross domestic product is no less than {positive 6%}, which is a very optimistic positive percentage.”

He explained that "both factors indicate the cohesion of the country's foreign reserves, which are generated by high oil export revenues to date, versus control over outward cash flows of foreign currency to meet local demand for imported goods, services and foreign benefits, as the current account of the balance of payments indicates that it is in a positive and stable position and is consistent with the general budget's spending tendencies during the current fiscal year 2024."  LINK

"TV saying CBI banks are offering a 10% gain on any investment opportunities" by FIREFLY, 26 JULY

[Iraq boots-on-the-ground report]  

 FIREFLY: August is looking good...a lot is coming to a point in August.  Iraq is opening up 4 military manufacturing plants...to produce military equipment and weapons.   Isn't that saying the sanctions will be off?  

FRANK:  Your country has no sanctions.... whatsoever of any kind. 

 FIREFLY:TV saying CBI banks are offering a 10% gain on any investment opportunities. 

 FRANK:  Shoot, I might even come there!  They're going to give you 10% on your money if you open the bank account?  ...Are you kidding me?  You talk about incentives...

--

FIREFLY: My bank guy did say dropping the zeros does not change the value.

  FRANK:  He's right.  Because it's going to be 1 to 1 with the American dollar.  It doesn't affect it inside.  It will effect it outside.  No it will not change it.  When it floats it will change it. 

 FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop.  We are not like that.  We drop to add value.  It's all inflation based.

    FRANK: Yes, you drop to add value inside of your country...They wanted to be at least 1 to 1 with the American dollar in order to add this value to your currency.  That's why he means that dropping the zeros won't add value to your currency...Then your currency will float on the International market and the value of your currency goes up outside your country as well.  Inside, it will go from 1320 to at least 1 American dollar in order to add value which is purchasing power...If it was a lop they would be adding zeros. 

https://dinarevaluation.blogspot.com/2024/07/iraq-boots-on-ground-report-by-firefly_0236214999.html

Iraqi Dinar🎉 Iraq Monetary Reform Major Announcement Today 2024🔥iraqi di...

Parliamentary Finance: The Central Bank Of Iraq’s Measures To Change The Exchange Rate Did Not Achieve Results, 27 July

 Economy | 12:32 - 07/25/2024  Mawazine News – Baghdad  The Parliamentary Finance Committee confirmed, on Thursday, that the procedures of the Central Bank of Iraq to change the exchange rate of the dollar in the local Iraqi markets did not have any effect and did not achieve any real actual result, revealing a legal violation related to the Governor of the Central Bank of Iraq, Ali Al-Alaq.

Member of the Finance Committee, Mohammed Nouri, said in an interview followed by / Mawazine News /, that "the Central Bank of Iraq is still continuing its wrong procedures that did not have any effect and did not achieve any real actual result in changing the exchange rate of the dollar in the local Iraqi markets, which was negatively reflected on the Iraqi reality and inflation rates rose significantly in the past days."

He added, "There is work on this issue by the Parliamentary Finance Committee, whether it was interrogations or changing the Governor of the Central Bank due to the legal age, as he exceeded the legal age, and this is a violation of the Civil Service Law,"

noting that "many topics will be addressed by the Council in the coming days, especially the dollar file due to the major delays, in addition to the control of foreign banks owned by owners of foreign capital, which causes a disruption to national security and Iraqi economic security."

For some time now, the dollar price has been declining in the parallel market, where it has stabilized at 145,000 dinars per 100 dollars throughout the past period, but it has risen again to exceed 150,000 dinars a few days ago.

Since the beginning of last year, Washington has intervened to limit the smuggling of dollars from Iraq, which has led to the dollar price rising in the local market to a record level of 170,000 dinars per 100 dollars, due to the decline in the Central Bank's dollar sales, given that it is subject to the international "SWIFT" financial system.

It is noteworthy that the Central Bank has decided to finance trade in euros, Chinese yuan, Emirati dirhams and Indian rupees, in steps to reduce demand for the dollar. https://www.mawazin.net/Details.aspx?jimare=251934

"He said everyone gets paid at the same time" BY MARKZ FROM REDENCION 2020 ( ENGLISH & SPANISH), 26 JULY

REDEMPTION2020

 MARKZ and company - Podcast from last night 24-7-24. The most outstanding

But let's leave all this aside. Any good news from your bonus guy? ...because the news for me between the NDAs, the craziness, the ups and downs, I choose not to share too much because it's crazy.

*Well, their news was that they reached an agreement. Everything was settled yesterday and today is the deadline to pay and he hopes to be paid on Friday. 

He said everyone gets paid at the same time. Now, remember, he is a broker, that means he gets paid a commission for the business he brought in.  

That would imply that the bonds they have brought have been put in Ledger and, in other words, the guy who receives the commission for the bonds he brings is the last guy to get paid, therefore, that implies that his bondholders they got paid If he comes back tomorrow, then we will be next. 

We have to be next and that's the rumor going around around that. I simply refused to share. But now that someone has published it, I want to say that the room here belongs to the German Bonds people. 

I think the 24 Bonds, all of this has been agreed upon and tomorrow (today) should be when they let it explode. And then give us announcements on the monetary side within 48 hours. So I mean, yeah. 

But let's wait and see, I'm not going to drive myself through hoops and say that's it, I can retire now. I sell everything, I quit my job. Tell the boss I gave him my notice... so he can bite me in the ass again. I won't do that again.

Wait until you have spending capacity, withdraw money into that account, and make sure you know what the tax rate/tax is, if applicable. (If there were to be...)

TRANSLATION IN SPANISH: 

REDENCION2020

 MARKZ y compañía - Podcast de anoche 24-7-24. Lo más destacado

Pero dejemos todo esto de lado. Cualquier buena noticia de tu chico de bonos? ... porque las noticias para mí entre las NDAs, la locura, los altibajos, elijo no compartir mucho porque es una locura.

*Bueno, su noticia fue que llegaron a un acuerdo. Todo quedó arreglado desde ayer y hoy es el plazo para pagar y espera que le paguen el Viernes. 

Dijo que a todos se les paga a la vez. Ahora, recuerde, él es un corredor, eso significa que se le pagan una comisión por el negocio que él trajo.  

Eso implicaría que los bonos que han traído los han puesto en Ledger y, en otras palabras, el tipo que recibe la comisión por los bonos que trae es el último chico para que le paguen, por lo tanto, eso implica que sus tenedores de bonos cobraron. Si él regresa mañana, entonces seremos los siguientes. 

Tenemos que ser los siguientes y ese es el rumor dando vueltas alrededor de eso. Simplemente me negué a compartir. Pero ahora que alguien lo ha publicado, quiero decir que la habitación aquí es de la gente de Bonos alemanes. 

Creo que los 24 Bonos, todo esto se ha acordado y mañana (hoy) debería ser cuando lo dejen estallar. Y luego darnos anuncios sobre el lado monetario dentro de las 48 horas siguientes. Entonces quiero decir, sí. 

Pero vamos a esperar y ver, no me voy a conducir yo mismo entre los aros y decir eso es todo, ya puedo jubilarme. Vendo todo, renuncio al trabajo. Dile al jefe que le entrego mi aviso ... para que me muerda el trasero otra vez. No haré eso otra vez.

Espere hasta que tenga capacidad para gastar, retire dinero en esa cuenta y asegúrese de saber cuál es la tasa impositiva/impuesto, si corresponde. (Si llegara a haber...)

Breaking News: Key Washington Meetings Signal Major Changes for Iraq"

Al-Nusairi identifies treatments for the fluctuations in the dinar exchange rate and expectations of its return to the equilibrium price in the parallel market, 27 JULY

 The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, explained today, Thursday, that the stability of the exchange rate in the parallel market will remain in a state of fluctuation until the completion of the stages of financial and banking reform.

Al-Nusairi said, in an interview with "Al-Eqtisad News", that "the stability of the exchange rate in the parallel market will remain in a state of fluctuation until the completion of the measures currently taken to implement the stages of financial and banking reform specified in Axis Twelve and Articles 1 to 7 and the daily efforts made by the Monetary Authority to complete the regulation of foreign trade financing and strengthen and reform the public and private banking sector

Which focus on compliance with international standards and agreements and ongoing negotiations with the US Treasury and global banks and the completion of the selection of the international auditing company to audit foreign transfers for banks to enhance their balances in foreign currencies that deal in currencies other than the US dollar and the completion of the final agreements with Chinese correspondent banks to start dealing in the Chinese yuan after the temporary suspension of foreign transfers with China, as well as helping private banks find correspondent banks to deal with them after the Central Bank's decision to cancel the electronic platform inevitably during this year."

 He added, "The information confirms that there will be a breakthrough very soon by completing the above procedures and finding other correspondent banks to deal in Chinese Yuan, UAE Dirham and Euro. Efforts are also continuing with the US Treasury and the company tasked with auditing foreign transfers of the sanctioned banks in order to lift the restrictions on them by using the US dollar."

 Al-Nusairi explained: “What also needs to be completed to reform the private banking sector is taking the decision to merge the willing banks as well as the weak and troubled banks in order to reach the real size of banking activity that covers the actual need for economic requirements, and the urgent need to restore work when the electronic platform is cancelled,” stressing that “the important measure that the government is responsible for is to stop illegal imports and cancel unofficial border crossings.”

 He continued: “We must not forget, clearly and precisely, that there is an organized lobby working against achieving monetary stability, led and implemented by multiple parties linked to speculators and corrupt people who have an agenda to weaken the national economy and harm it by fabricating news, statements and short-sighted economic analyses and transforming them from reassuring news for the market and citizens into news that confuses the market and creates panic among citizens, and this is what is actually happening now.”

 Al-Nusairi explained that "the return of stability in the exchange rate to its targeted and balanced rates in the parallel trading market is achieved with the support of the relevant authorities in the government by activating other productive sectors and supporting the procedures of the Central Bank in implementing its plans to reform the financial and banking sector

And draw up clear financial policies in coordination with the monetary authority and its currently approved applications and tools and overcoming the challenges of achieving economic stability, which means achieving stability in the financial and monetary system.

This is not only the duty of the Central Bank alone, but rather it is a basic duty of financial policy and the government's methodology in managing the economy and activating sources of national income other than oil and supporting, protecting and encouraging local production and generalizing the activation of dealing in the Iraqi dinar in all internal monetary trading activities and expanding the use of electronic payment methods whenever possible."

He concluded his speech by saying: "My expectations are that the exchange rate will return to stability after completing the reform, regulatory and negotiation procedures, and this does not take a long time."  link

"IF YOU’LL DONT UNDERSTAND OR BELIEVE IN THIS INVESTMENT, THAN SELL & GET OUT!!" BY REINALDO JC, 26 JULY

 Reinaldo JC

James-this is a speculative investment. They CANNOT just come out & TELL you the date & rate Sir. (Illegal). They are currently telling, informing & educating daily their own citizens about this currency exchange rate transformation & what they are about to receive, which is (purchasing power). Sir We will never know what is being completed/done behind the scenes, which Al-Sudani has done a tremendous job in a short amount of time in less than 2 years Sir What I do know is I use my(common sense) discernment & with all these agreements signed with other countries & projects that needs to start/finish, they cannot continue to operate with this lousy 1310 rate. Sir On top of that, The US Treasury holds about 35 billion dinars to get compensated after the RI. IF YOU’LL DONT UNDERSTAND OR BELIEVE IN THIS INVESTMENT, THAN SELL & GET OUT

DINAR INVESTORS: Critical Update: Why Isn't Anything Getting Done In Iraq?

President of the Republic: Security and stability in Iraq inspire optimism, 27 JULY

 President of the Republic Abdul Latif Jamal Rashid stressed, today, Thursday, that the security and stability witnessed by Iraq inspires optimism and requires everyone to unite to maintain it, while he appreciated the efforts of the Iraqi embassy cadres in France to facilitate the procedures required for Iraq's participation in the Paris Olympics.

The media department of the Presidency of the Republic said in a statement received by the Iraqi News Agency (INA): "The President of the Republic visited the Iraqi Embassy in Paris, where he met with Ambassador Wadih Batti and the embassy staff."

The President of the Republic appreciated - according to the statement - "the efforts of the embassy staff regarding Iraq's participation in the Paris Olympics and facilitating the required procedures," stressing "the importance of strengthening them towards serving the Iraqi community residing in France, and strengthening Iraq's relations with France as an important global vital center."

The President stressed "the Presidency's keenness to strengthen Iraq's foreign relations and build its partnerships at various levels and its steps towards restoring Iraq's natural role as an influential force and a positive factor in achieving peace and stability."

The President of the Republic reviewed "the conditions witnessed by Iraq in more than one field," explaining that "the security and stability witnessed by Iraq inspires optimism and requires everyone to work together to sustain it." 

The President explained that "many positive steps have been achieved in the human rights file through the Presidency's cooperation with the relevant authorities, which resulted in the release of 13,000 detainees," noting that "there are clear laws regulating Iraq's position on various humanitarian issues."
For his part, the Ambassador appreciated "the interest of the President of the Republic and his kind directives and comments in order to enhance the role of the embassy in providing the best for the Iraqi community."   link

RV UPDATE BY REINALDO JC, 26 JULY

 REINALDO JC

The zeros will be deleted AND at the SAME time will REINSTATE their currency internationally at $3.22(+).. People that live outside Iraq don’t have to worry about deletion of zeros to the dinar note therefore RELAX PEOPLE WE ARE TO ONLY WORRY ABOUT THE INTERNATIONAL PRICE ON FOREX WHICH WILL BE THE REINSTATEMENT OF DINAR BACK TO $3.22(+). People Don’t over complicate this EXAMPLE: if you hold 25,000 Dinars X $3.22 = $80,500 50,000 Dinars X $3.22 = $161,000 100,000 Dinars X $3.22 = $322,000 500,000 Dinars X $3.22= $1,610,000 1Million Dinars X $3.22 = $3,220,000 …LFG

---

REINALDO JC

Iraq Delete & Add In Its Tables.. The 2024 Budget Will Not Reach The Citizen. Representatives of the people are manipulating their power illegally. After it was approved by the specialists, and before it was sent to the implementing body, numbers were deleted and added while walking through the corridors of the Iraqi Council of Representatives. This is not within their authority as a legislative body, and their right does not exceed approving it or returning it to the Council of Representatives.  After the legal breach and exceeding the fiscal year by more than 6 months, another breach occurred in the 2024 budget schedules by some members of the Iraqi Council of Representatives before sending it to the Council of Ministers, so the government returned it to the corridors of the Council of Representatives to delete the changes made, as it is a purely governmental task Speaking about this file, a member of the Finance Committee in the House of Representatives, Moeen Al-Kazemi, accused some members of the House of Representatives of tampering with the budget tables after approving them and then sending them to the Council of Ministers, while he confirmed that investigations are ongoing and those who tampered will be held accountable. Al-Kadhimi said in a statement to Al-Maalouma Agency, "After reviewing the tables by the Finance Committee and agreeing on them, with the Prime Minister being given powers to transfer 2 trillion dinars to develop the region in the governorates, some numbers were changed before sending them to the Council of Ministers," noting that "the changes occurred within the House of Representatives and before they reached the government."   He added, "The Council of Ministers returned the tables to the House of Representatives for the purpose of correction and cancellation of the additions that occurred," noting that "the Finance Committee is investigating who dared to tamper with the budget tables and how the Acting Speaker of the House of Representatives signed the changes that occurred."   Al-Kadhimi said: “There will be accountability for those who tried to change some numbers in the tables, as they dared to attack the people’s livelihood without the permission of the Finance Committee and the House of Representatives.” Parliament session resumes back on the 20th/21st of July. In other words- The 2024 Budget is Unconstitutional & will be returned to Iraq parliament to make amendments to them. SHIT CANT GET APPROVED UNTIL THE IRAQ DINAR RATE CHANGES …LFG #itshappening

https://dinarevaluation.blogspot.com/2024/07/iraq-updates-by-reinaldo-jc-15-july.html