Mnt Goat
This month I believe is going to be a critical month for us investors... Article: "CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE”
I would consider this “WOW!” news. Quote: "... the issuance of new cash denominations, large or small, will not affect the dinar exchange rate."
If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq.
It only changes when the reinstatement back to FOREX occurs...the value is already in the dinar... only the rate, right now, does not reflect the true rate... Why...on May 27th did the CBI make this announcement about the issuance of newer lower denominations?
Could they be heading into June for the redenomination of the three zero notes?
---Article quote: “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,” The rate of the dollar to the dinar will NEVER be in the budget...NOT GOINGTO HAPPEN! ...The budget is dependent on the price of oil.
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"The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed...the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week." Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.
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Q & A
Question from Suki:
Hi Mtn Goat,
I was wondering this as well. If I remember correctly mid year, June, was also a feasible option. But you did mention January. I am trying to stay grounded, but my Wings are flapping as fast as the news is in Iraq. If policies continue to move as fast as they are, Do you think we still have to wait another 6 months since January is the best time for them to make a fiscal change?
----Thank you
Question from ashleypikes:
Thank you MG for a very exciting report today, yes the train is moving rapidly. As you mentioned we have moved into the second stage of financial an monetary reform. My question to you today is just how many more stages of reform are needed. It seems something is always added to the list in Iraq. You said not years to complete, however that is still a long time an since your contact has not given any timeframe which is proper conduct,, do we have to Wait till Biden is out or God forbid re-elected. Have you changed your tune in that scenario , thank you an blessings on you. We continue to wait ..
Answer Mnt Goat:
Guten tag Suki and ashleypikes. Seem both of these questions evolve around the timing of the RV. I will answer both now. As I have said a thousand times if not a million times in the last decade of my Newsletter – DO NOT DWELL ON THE TIMING. What good does this do for you? No one and not even the CBI knows the timing ,,,,get it? There is no such thing as delays it is all in your head. When the time is right Iraq will reinstate. There are other events that must proceed FOREX and I have reviewed these also many times. Don’t you get it by now?
Instead pay attention to the events as the reinstatement is a “byproduct” of the Financial Reforms more specifically Banking Reforms now underway. Did you reference the information I sent you on the Pillars of Financial Reform? Did you go read the White Paper? If you did then why are you asking me questions now on the timing of the RV? I do not in my heart believe that Biden will allow this event to occur.His administration may surprise us. we have had many surprises along this journey. It’s what you don’t know or what you think you know that will haunt you later.
Will we have to wait until January? It is a possibility, but I believe we may see it way before then. Oh… but you say the election is not until November and so Biden will still be around. Read between the lines folks,,, will you! I am saying he might not be around by then…get it? Why in hell do I spend all this time presenting the prophets and what God has to say about all this? Some say the U.S. has already signed off on it and we heard this a hundred times over too. Its all nonsense by nonsensical idiots trying to guess the RV timing. That is all it is. Get it? I am not going go there. If this is what you want then there are many idiot intel gurus out there that you can follow.
https://dinarevaluation.blogspot.com/2024/05/q-with-mnt-goat-29-may.html
I wanted to share an interesting conversation I had...with my CBI contact this past Wednesday...I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news. Yes, they are getting ready and moving ahead.
...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks... Let’s sit tight and watch this play out.
Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy...CBI announces it has completed the first phase of it by...building solid international banking relationships with international banks and correspondent banks. Get ready….
The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!
https://dinarevaluation.blogspot.com/2024/05/rv-update-by-mnt-goat-23-may.html
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...
In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open!...The reinstatement is coming...Folks, it is now EXPLODING!
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