MNT GOAT: Status of the Iraqi Dinar RV – What You Need to Know
The wait for the Iraqi Dinar RV (Revaluation) has been long, and many of you are eager for updates. While the saga may seem never-ending, it’s crucial to understand the full context of what’s happening in Iraq, Iran, and the global financial landscape.
In this post, we break down the latest news, explain the differences between program and FOREX rates, and discuss why patience is still key.
The Iraqi Election Drama and Maliki
Many followers might be getting tired of the ongoing Maliki election drama in Iraq. But remember, even if the news is inconvenient, it’s honest and truthful. Reporting the facts—good or bad—is what keeps you informed.
Unlike many sources, our updates are not influenced by three-letter agencies, banks, or sponsor agendas. Every newsletter and blog post is based on thorough research and verified contacts in Iraq.
Current Status of the Dinar RV
Right now, we are in a waiting period. The focus is on Iran and the tensions involving the US and Israel. Many are speculating about a potential military strike, but current intel suggests no plans for a ground invasion. US Marines and naval fleets are on tactical standby offshore, but it’s mostly precautionary.
The Iraqi Parliament is on hold until these issues are resolved. The Iraqi speaker of parliament has suspended all sessions, reflecting the current political and regional instability.
Program Rate vs FOREX Rate – What You Must Know
One key point often misunderstood is the difference between the program rate and the FOREX rate for the Iraqi Dinar:
Program Rate: This is the in-country rate tied to a de facto peg. The Central Bank of Iraq (CBI) can adjust it anytime. It’s what the public sees domestically but does not reflect open-market trading.
FOREX Rate: This is the international exchange rate. When the dinar returns to FOREX, it will be re-pegged, and the program rate will disappear.
These rates cannot coincide simultaneously. The dinar will always have one official rate at a time. Understanding this distinction is crucial for making informed decisions.
What to Expect in the Coming Weeks
The next couple of weeks are expected to be explosive. The key triggers to watch:
Resolution of Iranian influence in Iraq.
Possible US-Israel strikes on strategic Iranian targets.
Updates from the CBI regarding program and FOREX adjustments.
Patience is critical. While speculation is rampant, the facts suggest that major decisions are still pending.
Q&A Section
Q: Will the US put troops on the ground in Iraq or Iran?
A: Current intel indicates no ground invasion, only tactical deployments offshore.
Q: When will the Iraqi Dinar return to FOREX?
A: The exact timing is uncertain, but it depends on political stability and removal of foreign influence in Iraq.
Q: Can the program rate and FOREX rate ever be the same?
A: No. They are separate and serve different purposes. The program rate is domestic; the FOREX rate reflects international trading.
Featured Snippets / Highlights
The program rate is adjustable by the CBI, but the FOREX rate remains separate.
No current plan for a US ground invasion; troops offshore are precautionary.
Iraqi Parliament sessions are on hold due to regional tensions.
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MNT GOAT
STATUS OF THE RV
I hope everyone is ready for a pivotal period in this Iraqi election saga. It has to come to an end eventually…. better sooner than later!
I guess many of my blog followers must be bored with hearing about the Maliki drama in the elections in Iraq? Remember that even if the news is not to your liking, it is HONEST and TRUTHFUL news. I can not make up news just to make you happy. I refuse to do it.
This brings me to the idea that it appears people don’t ‘appreciate’ bad news only good news? Remember too that my level of research, calls to Iraq and publishing the Newsletter twice a week is the same effort regardless if the news is good or bad. I can only report on the news as it stands, get it? I don’t listen to these three letter agencies and bankers. Yes, I get the same feedback from them as others reporting on intel of the RV, but the difference is I have common sense and not stupidity guiding me.
I do not just repeat what the tell me and then walk away. I am not selling any products with kick-backs from sponsors, I do not get subscriber fees of any kind. I only rely on generosity and those who want the TRUTH.
Is it unfortunate that this RV saga has gone on too long already and I have to ask for help for my efforts. So, having said this, let’s consider all my efforts, that is the important point.
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Okay, so what is today’s news? Is there anything amazing to report?
Hang on to your seats because the next couple weeks are going to be explosive, but right now we are in waiting mode until these Iranian issues are resolved.
The main topic is of course watching for the inevitable US and Israeli bombing of Iran’s strategic sites. Will the US put boots on the ground? There are many US marines on tactical landing ships along with the naval fleets now stationed offshore. I personally don’t believe there is currently any plan for a ground invasion.
As we know the Iraqi parliament has taken a break until these issues are settled. The Iraqi speaker of parliament has put all sessions on hold. Yes, I have spoken to my CBI contact on Wednesday as usual. She assures me that unless the Iranian influence in Iraq is addressed, along with tensions from Tehran, there will not be a reinstatement. The US will not sign off and will hold it up. She said we would hear all kinds of comments about the independence of the CBI and how they can adjust the rate anytime they want. Yes this may be true but what rate are you talking about? Some don’t even realize there are two types of rates, one is the program rate and they other the FOREX rate. We all should know the difference by now. We must use our own heads to decide for ourselves, what does this mean?
It means that the ‘program’ rate tied to the de facto peg can be changed upwards or downwards by the CBI any time. This does not mean allowing the dinar back on FOREX, get it? This is still in the currency auction mode as they used while under UN sanctions. When the dinar goes back to FOREX it will be re-pegged and off the sole peg to the dollar and the program rate will go away. The newer lower denominations would have to first be rolled out. We are talking apples and oranges when we talk about these two rate types. Remember also they can NEVER coincide at the same time. The dinar can only have one ‘official’ rate. There is no such thing as an in-country rate and then a FOREX rate at the same time. Get it? When the dinar does go back to FOREX , the in-country rate (program rate) will change to the FOREX rate.
