EXCERPTS FROM MNT GOAT, 23 NOV

 EXCERPTS FROM MNT GOAT

Bottom line is this – the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (as you know this is called a reinstatement for all you newbies). It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. 

I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media  conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD. Many of these very stupid intel gurus have told you many lies about what he really said as they exaggerate this peak amount to much, much more. Don’t believe it. 

I am told that the IMF will use the cap at about $9-$11 to prevent wild swings out of control that could potentially hurt the basket. I also want to bring out the very recent article on the Special Drawing Rights (SDR) and how important this article is, however, most readers did not even realize or catch on as to why they were explaining all of this to us.

 So, let me bring it to your attention again. Let me bring out the main points of this article since we are talking about this basket today and connect this SDR news to the basket of currencies we are about to see for the new peg.

MAJEED: IRAQ NEEDS A STRONG IRAQI DINAR VALUE TO REBUILD THE COUNTRY : $13 IQD PER 1 USD

 

AL-ARAJI: IRAQ STANDS ON THE CUSP OF A HISTORIC DIGITAL TRANSFORMATION, 23 NOV

AL-ARAJI: IRAQ STANDS ON THE CUSP OF A HISTORIC DIGITAL TRANSFORMATION

National Security Advisor, Qassim al-Araji, said on Monday that Iraq stands on the cusp of a historic digital transformation to promote sustainable infrastructure, pointing to Iraq’s commitment to developing a comprehensive digital national strategy.
 
 Al-Araji said, in a speech during the Iraqi Digital Forum, which was attended by a reporter of the Iraqi News Agency (INA): “The Prime Minister sent his greetings and apologies for not attending due to an emergency circumstance.”

“The forum represents a platform that brings together a group of local and international experts and leaders in the fields of technology and strategies to discuss and achieve a promising Iraqi digital vision,” al-Araji said.

He added that “digital transformation is the basis of countries’ progress, and Iraq stands on the threshold of a historic opportunity to determine its digital readiness and keep pace with global development,” noting that “the forum reflects Iraq’s commitment to establishing a safe and sustainable digital infrastructure.”
 
 He noted that “the forum aims to achieve a set of objectives, most notably:


1.Promote intersectoral cooperation by building effective partnerships between the public and private sectors, academic institutions and international bodies.

2.Addressing cybersecurity challenges as a key priority. 

3.Support e-commerce and electronic payment to facilitate economic operations. 

4.Enabling artificial intelligence in building an advanced digital economy.

“The National Security Adviser plays a pivotal role in formulating policies and legislation, co-ordinating between security and intelligence agencies, and preparing national strategies in various fields,” al-Araji said.

He stressed “the importance of laying the foundations of a digital national strategy in line with government directions,” pointing out that “the participation of prominent figures from the Parliament and advisors to the Prime Minister, along with representatives of international institutions and the director of the Arab Regional Center for Cybersecurity, reflects a serious commitment to promote integration between scientific research and innovation.”
 
He praised “the efforts of Iraqi universities and the role of the private sector in supporting digital transformation,” stressing that “the Supreme Committee for Digital Transformation, headed by the Prime Minister, is working to lay the right foundations to achieve a comprehensive digital transformation that contributes to eliminating financial and administrative corruption and reducing red tape, in a way that directly serves the citizen.”

TIDBIT FROM BRUCE, 23 NOV

  Bruce 

 [via WiserNow]  ...This past Saturday and this past Sunday...They took four of our currencies, Iraqi Dinar, Vietnamese Dong, Afghanistan Afghani and the Indonesian Rupiah,

 those four currencies are being tested on all bank screens around the globe, and they wanted to test and make sure the rates of those were coming up the same in each country where they were showing up...the word was, they all went off without a hitch. So the system is ready. 

MNT GOAT: CBI INTEL TOLD ME HOW THE CBI WILL CONTROL THE SWING ON IQD RATE WHEN RV @DINARREVALUATION

 

US FORCES TO FULLY WITHDRAW FROM IRAQ, “INCLUDING KURDISTAN, 23 NOV

 US FORCES TO FULLY WITHDRAW FROM IRAQ, “INCLUDING KURDISTAN

The planned withdrawal of us forces from Iraq will include all territories, including the Kurdistan region, a senior military expert confirmed on November 17.

US and Western allied forces have had several bases in Iraq since the 2003 invasion of the country, which led to the downfall of Saddam Hussein and his ultimate execution. Despite saying on several occasions the US would leave Iraq, the government has changed direction following the war in Syria and, latterly, the rise of the so-called Islamic State of Iraq and al-Sham (ISIS). More recently, US forces in Kurdish areas have been under increasing attacks by Iranian-backed groups.

Jabbar Yawar, a Kurdish military affairs specialist, told Baghdad Today that the United States continues to implement its agreement with Iraq under the Strategic Framework Agreement signed between both sides, and this policy will remain unchanged even after Donald Trump’s arrival to the presidency.

‘Prime Minister Mohammed Shia al-Sudani has formed several committees to implement the provisions related to the US forces withdrawal, which means the same policy will continue in Iraq,’ Yawar said.

He added that ‘American policy is consistent, and any withdrawal will be complete without being limited to a specific area or maintaining forces in the Region, as the agreement between the Iraqi and US governments is clear.’

The comments follow Prime Minister al-Sudani’s April 15 visit to Washington, where he met with US President Joe Biden at the WhiteHouse.

TIDBIT FROM FRANK26, 23 NOV

 Frank26 

 The monetary reform education now IMO is not only saying we're lifting the three zeros but they're also now explaining to the citizens the effect from lifting the three zeros of their exchange rate - What will that do to the currency of Iraq. 

 Whereas before you had scientists, professors, people from the CBI giving lectures and telling them, 

'We'll this is my opinion about what might happen...' But now, forget the opinions.  Forget the negativity...

NADER FROM MID EAST: They been talking about the exchange rate every day @DINARREVALUATION

 

Al-Sudani Directs To Equip Border Forces With Modern Weapons And Secure All Their Technical And Security Requirements /Expanded, 23 NOV

 Al-Sudani Directs To Equip Border Forces With Modern Weapons And Secure All Their Technical And Security Requirements /Expanded

Thursday 21 November 2024 20:18 | Politics Number of readings: 232  Baghdad / NINA / The Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, directed to equip the border forces with modern weapons and secure all their technical and security requirements.

A statement from his office stated that al-Sudani, today, Thursday, visited the headquarters of the Border Forces Command in Baghdad, during which he laid a wreath of flowers on the Martyrs' Mural, and recited Surat Al-Fatihah in memory of the souls of the heroic martyrs of the Border Forces.

Al-Sudani listened to a briefing on the overall activities, tasks and duties of the Border Guard Forces, and the development of the work it witnessed during the past two years, in addition to a detailed explanation of the security situation and the progress of implementing the plans prepared to combat the remnants of the terrorist ISIS, combat organized crime and drug gangs, and confront security challenges.

The Commander-in-Chief of the Armed Forces stressed that the technical and administrative work of the Border Forces, the occupancy of police stations, and the installation of towers, cameras and barriers have reached their best levels compared to previous years, and is considered a distinction in the face of security challenges of all kinds.

Al-Sudani explained that the Council of Ministers, through its various decisions, provided all the requirements for maintaining and securing the borders, especially in light of the complex regional security conditions, the repercussions of the continued Zionist aggression on Gaza, Lebanon and Syria, and its efforts to expand the aggression in the region, which represents the most important sources of danger threatening Iraq's security and stability.

Al-Sudani directed the officers and commanders to take care of the affairs of the recruits and follow up on their requirements, establish justice in the distribution of duties, and the importance of adopting the continuous rotation process in the forces and units, to maintain the implementation of tasks in the best possible way.

He also directed the competent authorities to work on providing the border forces with modern weapons and continue working to ensure the security of all borders, combat drugs and cross-border crime, and all forms of violations that harm the security and sovereignty of Iraq. / End 9. https://ninanews.com/Website/News/Details?Key=1170344

TIDBIT FROM MILITIAMAN, 23 NOV

 Militia Man 

 Article: "IMF: Arab country confirms commitment to flexible exchange rate"   Quote: "The International Monetary Fund (IMF) mission that visited Egypt announced that the Central Bank has confirmed its commitment to maintaining a flexible exchange rate regime, in order to protect the Egyptian economy from external shocks."

 ...Flexible exchange rate...is one that is determined by market forces of supply and demand in the foreign exchange market. 

The IMF suggesting shocks to come is likely a heads up that change is coming.  Let's hope that change to come is for Iraq's exchange rate...