"RV UPDATE" BY SANDY INGRAM, 10 MAY

 Sandy Ingram 

 The World Bank is working with the Iraqi Finance Minister to implement banking reform as quickly as possible...things are happening fast.

Shocking documents from Iraq's Federal Board of Supreme Audit have uncovered a massive corruption scheme.  Over 151,000 citizens were involved in the illicit buying of US currency...[They] obtained dollars at the official state rate for travel purposes but never left the country.  The black market refers to them as "ghost travelers". 

 [We] are thinking the Iraqis sold the dollars for more money than they invested.  As a result of the corruption Iraq's Central Bank employees, private banks, currency exchange companies and tourism firms were all involved.  This is a $600 million corruption scam involving the US dollar... 

When in Washington, DC he [Al-Sudani] met with the chair of the governing board of the JP Morgan Development Finance Institution (DFI), Daniel Zelikow.  Prime Minister Al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday during his visit...In Davos, Iraqi Prim Minister al-Sudani with Mr. Khaled Haballah, the regional CEO of JPMorgan Chase for the Middle East and North Africa...

 Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States.  Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S. 

 The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...

On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House.  This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html

Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States.  Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S. 

 The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...

On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House.  This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html

🔥 Iraqi Dinar 🔥 After 9 Years 🔥 News Guru Intel Update Value IQD Exchang...

Why Jordanian National Bank And Gulf Banks? Economist Explains, 10 MAY

 Why Jordanian National Bank And Gulf Banks? Economist Explains

 May 9, 2024  Baghdad/Iraq Observer  Economic expert Abdul Karim Al-Issawi said:

 “Today, foreign banks operating in Iraq, including banks owned by Jordanian shareholders, stand out for their confidence rooted in relations with international correspondent banks, and  this makes them work in a more serious banking manner.

 In contrast, Iraqi banks face... Local challenges in building relationships with correspondent banks due to their leadership that is unable to develop management professionally.”

 Al-Issawi told the Iraq Observer Agency:  “The leadership of Iraqi banks has affected the confidence of international bodies in them, in addition to concerns about their ownership and association with suspicious figures, which hinders their development and progress.”

 He continued:   “This was not limited to Jordanian banks only, as it revealed the adoption of other Emirati and Gulf banks in Iraq, and this reality will displace Iraqi banks because they are weak.” 

He pointed out that: “The Iraqi banking reality may turn into an oligopolistic market.”

 But he stressed that the United States of America has not lifted the sanctions on government banks that were imposed on some of them because they were accused of dealing with Iran and Syria, which are subject to strict American sanctions.  https://observeriraq.net/لماذا-الاهلي-الاردني-والمصارف-الخليج/   

"RV UPDATE" BY MARKZ, 10 MAY

 MarkZ  

 [via PDK] 

  There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV - are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.

 The crackdown has been extreme on leaks …Which is probably the best news of the day.  I personally think they are trying to keep things quiet right here at the finish line.

I did have multiple bankers over the weekend get notified and are beginning training today.  They are “Training to handle foreign currency exchanges”. Some of the currencies mentioned are exactly what we are holding...And they are being trained on them...They need to know the security features on the various bills in order to verify them on site. That is what they are training on... NOW - THIS WEEK-IMMEDIATELY!!!  These are banking people who have never been trained before…these are some of the ones the banks had told them “No, this is never going to happen” and now suddenly the banks come to them and say “You have got to get trained now - this week - immediately”...Gave me a good warm and fuzzy feeling today.

There was interesting money movement over the weekend according to my best group contacts.   It is clearly positioned to go...

 Article: “Kuwaiti Dinar to US Dollar-Top 10 highest valued currencies in the world in 2024” 

 This article was in the Indian Express. And the Iraqi dinar used to have that number one spot.  Comment:  I would expect Iraq to be worth more that Kuwait.  MarkZ:  Absolutely.  And when Iraq was the most valuable currency in the world they had not yet developed their natural gas reserves…and were not pumping nearly as much oil as they are now. Every part of Iraq is now in better shape than when they had the most valuable currency in the world.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-8-may.html

🔥 Iraqi Dinar 🔥 Boom Iraqi Dinar RV 🔥 News Guru Intel Update Value IQD E...

Oil Declines As US Inventories Increase, 9 MAY

Oil Declines As US Inventories Increase

Wednesday 08, May 2024 08:13 | Economical Number of readings: 175  Baghdad / NINA / Oil prices fell in early Asian trading on Wednesday, at a time when sector data showed a rise in crude and fuel inventories in the United States, indicating a possible weakness in demand, and caution prevailed in supply expectations before a meeting of the OPEC + bloc next month.

Brent crude futures fell 30 cents, or 0.36 percent, to $82.86 per barrel by 0348 GMT, and US West Texas Intermediate crude futures fell 25 cents, or 0.32 percent, to $78.13 per barrel.

The two crude oil prices witnessed a limited decline in the last session due to indications of a decline in supply scarcity and weak global demand for oil after an International Energy Agency forecast report issued on Tuesday.

US crude inventories increased by 509,000 barrels in the week ending May 3, according to market sources citing American Petroleum Institute figures. She added that gasoline and distillate stocks also rose.

Official government data on crude and fuel inventories in the United States is scheduled to be released at 1430 GMT. Analysts polled by Reuters expected US crude inventories to decline by about 1.1 million barrels last week.

Cautious expectations about supply cuts from the Organization of the Petroleum Exporting Countries and its allies in the OPEC+ bloc before a policy meeting on June 1 also weighed on the markets.

Analysts from ING said, “Oil prices have been subjected to additional pressure due to the increasing commotion surrounding OPEC+ production policy, and expectations are that member states will extend the additional voluntary reduction in supplies beyond the second quarter of this year.”

Hopes of reaching a ceasefire in the Gaza Strip also put additional pressure on oil prices in the previous few sessions./End 9   https://ninanews.com/Website/News/Details?key=1125308

Chat discussion: Al Sudani and Iraq Parliament , 9 MAY

 💢 Love this update from Liberty Lounger Extraordinaire, Birdieorbust. Topic - 

Al Sudani and Iraq Parliament 

5.9.24

Birdie: Parliament is the problem right now with still a bit of evil in there and Sudani is playing his cards right with Parliament not letting them see the budget because the rate is already in the budget and they just want to steal everything so he is playing it close to the vest and will until the evil is no longer a problem. 

Gin: I'm kinda encouraged how it's now public that Iraq has recently executed corrupt troublemakers on May 6. They are obviously cracking down on any infiltration that will prevent their country from moving forward. I'm praying for Al Sudani specifically that he continue to walk in wisdom