STATUS OF THE RV
I first want to hope that everyone in the USA had a nice memorial holiday. There are sacred and loving elements when we pray over those we loved that are now gone from this earth. This holiday is set aside for much more than just BBQs, picnics and the beginning of the summer season drunkenness on the beach.
In Germany where I now live, it is called Volkstrauertag and is a commemoration day in Germany two Sundays before the first day of Advent. It commemorates members of the armed forces of all nations and civilians who died in armed conflicts, to include victims of violent oppression. This national day of mourning is not a public holiday, it is categorized as a silent day (stiller Tag) in most of Germany, especially in the Bavaria region.
Let’s get on with today’s news. ….
The news is just pouring out of Iraq. There is so much news it will be a challenge for me to cover all of it and give it the justice it deserves. You know I do try to make the Newsletter short and concise.
I know this may be hard to believe. But how can anyone really give this revaluation and reset events justice unless you inform the readers the FACTS. In doing this there is news that must be heard for you to understand just where Iraq is at this time.
With respect to the “reset” I will use the analogy of a house burning. Why would you order brand new furniture to put into a burning house. Yes, the furniture is nice, but it won’t last long and so what good is it going to do.
Do you see the point I am trying to make as to why Iraq and other countries must first prepare for this event by leveling out the playing field for these currencies. There has been too much manipulation and corruption already and we see what it is doing to the global economy.
The leveling of trade deals and tariffs, then solving the immigration issue that we see from the U.S. and other countries is only part of the process and we must pay more attention to it. It holds the key. We also just witnessed summit after summit in Iraq. What does this all say to us? What is the meaning of all this work?
So, let me begin by saying we are inching closer and closer to the initiation of the Project to Delete the Zeros. Remember that I explained there is a step-by-step process to get to the reinstatement.
The parallel market had to be broken first and now we await the Central Bank of Iraq (CBI) to make the second round of revaluing the dinar.
Will they have to hold this new rate for 90 days and thus we will probably not see the reinstatement until January 2026 (the best time the CBI told us to do any significant rate change) or will the IMF bypass all these guidelines and move ahead.
They have given indications we will not have to wait until 2026.
What will the new rate of the dinar most likey be like when it does come out?
To answer this question just listen to what the CBI has been telling us. They are trying to bring back the Iraqi dinar to a rate of something like in the 1980’s. So what was the rate back then?
😊I strongly believe that the CBI has broken the proverbial back of the camel, yes, the back of the parallel market. I can say this because it is evidenced in an article titled “THE DOLLAR’S DECLINE IS IN THE INTEREST OF CITIZENS AND STRENGTHENS THE PURCHASING POWER OF THE DINAR.”
In the section of the article called “STABILIZATION OF THE SITUATION” Hamid Abu Firas, owner of a money exchange company, explained to Al-Masry that “this fluctuation in the exchange rate cannot be called a fall in the dollar price, but rather an increase in the value of the Iraqi dinar against other currencies. Folks this statement by Firas is a “WOW!” statement. We are hearing this from a money exchanger. These are the people who want the dollar to rise not decline and so this is a very important truth he had to now admit.
