Thursday, July 6, 2023
"OUT OF IRAQ FOREX" BY DINAR IRAQ & DONG VIETNAM, 6 JULY
Out of Country of Iraq FOREX:
EXCERPTS FROM MARKZ: "JUST ABOUT THE RV", 6 JULY
Solo sobre la RV
Coffee with MarkZ 07/06/2023
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 6 JULY
Frank26 (KTFA)
[Iraq boots-on-the-ground report]FIREFLY: We are being told about the budget but not in its entirety. Sudani wants to break it down and tell us about 10 different things that are in that budget. Apparently he wants some amendments or articles to be done. We’re not sure if he’s changing anything or if he’s adding on to it. But he says it’s for us, the Iraqi citizens. We believe him. We trust him and we’re with him.
FRANK: Have they shown you the operations of the budget yet today?
FIREFLY: They just started to analyze it and go over it. We believe throughout the week we will be getting more and more information about the budget as it sits. As far as the exchange rate – nothing yet on it.
There is no CBI talking. There is no article talking about the exchange rate. We don’t see Alaq explaining about the de-dollarization, about the new currency, about the ATMs. In other words everything that was hot just this past week is not hot. It’s back to the GOI. It’s back to the budget…it’s back to the reforms. All of that needs a new exchange rate.
"RV FOR IQD USING NEER" BY DAVID HARKNESS, 6 JULY
Entry Submitted by David Harkness at 4:14 AM ET on July 6, 2023
I have just visited the IMF rates it’s their first post since 30 June.
It’s dated 5 July and all middle eastern currencies are now on the page (they have been absent since 30 June) these currencies have already been set long ago.
I have visited the Fed Treasury back office their rate is still 0.1815c usd for one Iraq Dinar as at 30 June 2023.
https://www.investopedia.com/terms/n/neer.asp
Using the NEER calculation on Iraq Dinar against Middle Eastern currencies the value today at IMF back office demonstrates for one Iraq Dinar to equal 0.1806c USD.
The VND back office right now is 0.4215c usd and IDR 0.6641c.
I still expect the RV any day up to 12 July USA time.
Given the ECB has had a reset of their banking systems last night 5 July 2023 (changed to a new banking system) action should start today Europe time and flow through until next Tuesday I am told
So one would expect the RV to become public by no later than 12 July.
David Harkness
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