STATUS OF THE RV
I wanted to first summarize where we are now with this IQD reinstatement.
I also want to give more insight as to what is holding up the RV and the Reinstatement of the Iraqi dinar. Folks its been 20 years already. Enough is enough!
But, if you have been reading my blog AND watching my presented videos all along, you can now CLEARLY see that there has been massive corruption in Iraq and with the US keeping the Iraq dinar artificially suppressed.
Why did they do this? Let’s dig a little deeper into these causes today. In today’s news I give you a couple more interviews with Steve Forbes about the Feds actions.
Do you really think the Feds want us to have all this money when they have been controlling the economy and any large fluctuation of prosperity in the US with interest rates and other measures.
Do you think they want thousands of new millionaires?
What makes you honestly think they want us to have all this money when their real intent is to destroy the U.S. and Canadian economies? All you need to do is listen to Forbes today and this comes very clear. I don’t know about you but I trust Forbes a hell of a lot more than all these intel guru idiots out there.
Economic Sector:
So, knowing about all this corruption do you now see what is holding up the RV? I have been telling you about this for many years, but many of you have to see it to believe it. How can you deny it now?
I wish I could support Obama/Biden and their policies in Iraq but unfortunately, they were the source of the problems that plagued Iraq for about the last two decades.
The new president Trump has a new policy towards Iraq and it is beginning to take form. This recent move of stopping the physical dollar CASH flow to Iraq is apparent.
As investors we now just have to hunker down and wait. This was a huge move and it will take time to shake out what paper CASH US dollars are already in the Iraqi economy. Again, I am telling you – THEY MUST BREAK THE PARALLEL MARKET AND DISSOLVE ILLEGAL VENDERS. I am presenting a very good recent article on this topic today and I am going to review it in detail.
☹ I was told many times already by my CBI contact that this crisis is at the heart of why the CBI can not set the in-country revaluation rate to what they need to conduct the Project to Delete the Zeros. The article it titled “FOUNDATION WARNS OF ‘PARALLEL BANKING SYSTEM’ AND ‘SHADOW ECONOMY’ IN IRAQ”.
Okay, so this is not new of the parallel market and its detriment to the “official” CBI rate. However in today’s new we dig deeper into this topic as economists are now telling us of some of the solutions to this crisis of the parallel market. Here are the solutions. I would think that if they concentrate on implementing all of these solutions and do it now they can finally combat this black marketing of the dollar:
1.preventing unauthorized banking activities, and;
2.working to encourage small and medium enterprises to join the formal sector by providing attractive incentives, and;
3.legal frameworks can be put in place to regulate the work of informal financial institutions and place them under the supervision of the central bank to ensure a minimum level of oversight and:
4.In the most serious cases, the optimal solution may be to completely close unlicensed institutions and link all banking operations to formal institutions.
☹ Here is yet another article on this topic in todays news titled “MANAR AL-OBAIDI: THE SHADOW ECONOMY IN IRAQ EXCEEDS THE SIZE OF THE FORMAL ECONOMY”
The parallel banking system in Iraq is one of the major challenges that directly affects the stability of the financial system, as it consists of a group of financial institutions that operate outside the official framework and without supervision from regulatory authorities. Are you listening to me?
What these articles do not emphasize is that the CBI already outlawed the black market to some extent which includes those street exchangers working under illegal, unlicensed operations.
Yes, you now have to be registered with the CBI to exchange currency outside the banking system. The are commonly called currency street venders.
These non-registered ones are the ones they are worried about and can’t control. These are the culprits.
In today’s news we also learn about the praising of the CBI in all it’s other efforts to reform the banking institutions and establishing the international banking relationships.
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