Iraq CBI Meeting w/World Bank Zimbabwe Election BY SANDY INGRAM

"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 31 AUGUST

 STATUS OF THE RV

Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value.

The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value.

The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions.

Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969.

Since then, U.S. dollar banknotes have been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.

This process is similar to what they intend to do with the Iraqi dinar only we will see it happen in a shorter period of time.

This is why we need them to issue the lower denominations.

So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros.

The rate then changes by just moving the decimal place over by 3.

But this in-country RV rate will not remain long.

They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing.

This is right out of Dr Shabibi’s plan.

Finally we read the news we have been waiting for.

In the Information / Baghdad, a member of the parliamentary finance committee, Hussein Munis, stressed just last Sunday the need to put an end to the window of selling currency in Iraq.

He describes it as the one-eyed American policeman.

But what does he mean by this statement of a “one-eyed American policeman” ?.

According to the analysis of the American Institute, “Decades after the Iraqi invasion of Kuwait in 1990, Iraq is still practically under the influence of dozens of UN resolutions and sanctions as a result of Saddam Hussein’s aggression against Kuwait.

Despite Iraq’s formal removal from Chapter VII sanctions of the UN Charter in June 2013, and its commitment to pay the final dues that exceeded $50 billion in compensation to Kuwait in 2022, there are some issues that remain between the two countries, as Iraq struggles to obtain the status of a “natural state” and integrate into the international community.

What Hussein Munis is also meaning is that the three reform packages launched by the Central Bank of Iraq have proven to be a failure in the framework of reducing the turmoil of the dollar market.

The US is basically a “bully” wanting to keep the process of Chapter VII sanctions on Iraq while we all know the last of the Chapter VII sanctions have been “fully” lifted as of 2022 when Kuwait’s war reparations where fully paid as required to meet the sanctions requirements.

Why does the US not want to ditch the dollar entirely in Iraq?

It uses Iraq to prop up the demand for the dollar and if the demand is high in Iraq (and other countries) the dollar is “king” and it remains of some value.

Since the US is printing so much “fiat currency”, especially under the Biden Administration, as it is not backed with enough assets, it relies mostly on speculation and demand to hold any real value.

In order to move to the next stage of the currency reform plan of Dr Shabibi, they must first deal with the very corrupt Biden administration which supports the Obama plan to first revive the Iraqi economy then give them back their currency.

As Iraq will need an international currency to get off sanctioned like economy and have an international currency status of a “natural state” and integrate into the international community.

What is the Iraqi Stack Exchange (ISX) really all about?

Iraq simply will not and cannot measure up to the Obama plan, now Biden’s plan, without the reinstatement.

They tried their own Iraqi Stock Exchange (ISX) and this did not work, as they intended and thought they could work around and bypass FOREX to sell the dinar.

This strategy was their international strategy and it did not work.

Why did it not work?

The ISX could only work if it was linked to the NY Stock Exchanges for Iraq companies and then the dinar would have to be traded on the exchanges as well.

There is still too much risk in the dinar as the US still has too much control over the country.

Investors know that a currency must be free to float and backed by more than the just the US dollar.

Currently the dinar is in a funky kind of state.

Although it is officially off the de facto peg to the dollar, this did not make much of a difference if you don’t do all the other measures also necessary, like repeg it to a basket of other currencies to support it.

So, the dinar still has the stigma of terrorism and corruption schemes of Iraq associated with it.

This is at the heart of the problem with their dinar.

So, this three-year budget will be a test for the corruption schemes which will almost certainly try to prevail to steal the money allocated through the budget.

Why is it taking so long to roll out the funds?

Today we have a couple articles which talk about this problem.

I quote from Sudani – “warning that the corrupt are waiting to pounce on the budget.”

Do you remember the “Pillars of Financial Reform” in the White Paper?

They are NOT talking about developing so much the ISX as they are talking about the international foreign stock market as a currency market for Iraq (FOREX).

They desperately need to be listed back on it.

The RV precursor economic development plan of the past president Obama is foolish and will NEVER work.

The CBI director Ali Alaq is now acting nothing more than a puppet as he is following orders from the US and we can now clearly see the lack of independence in the CBI when we read the articles today.

This is why the current US administration under the former Obama plan for Iraq must be cancelled and a new plan devised that will actually work for Iraq.

The Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, received on Thursday, a high-ranking delegation from the World Bank headed by Mr. Farid Belhaj, Vice President of the World Bank for the Middle East and North Africa.

The article tells you exactly what they met for and it could have included currency reform too.

I quote- “During the meeting, they discussed the efforts of the Central Bank of Iraq to organize and consolidate external transfers in accordance with the requirements of compliance and international standards, and to encourage merchants to enter the electronic platform to buy dollars by providing facilities and simplifying tax and customs procedures that the government is making anticipated amendments to”.

We all know what must be done and it is eliminating dollars from Iraq and this include the currency auctions.

This means getting rid of the auctions altogether and allowing Iraq to use the dinar internationally.

They can only do this if they are back on FOREX – the horse after the cart….

Trust me on this one – countries around the world will luv to get their grimy little hands on the Iraq dinar (IQD) if it was worth more than the dollar and was traded internationally on the stock markets.

So you see Iraq could use their dinar if the Chapter VII like sanctions would actually be “fully” lifted as they are supposed to be lifted already for over 6 months.

However, I do see a huge spark of hope coming between now and December as the Biden administration may be on it way out and a new plan put in place for Iraq by the new administration.

Iraq could be set free soon.

BY DINAR IRAQ & DONG VIETNAM

Back to Basics: 5 Cheap Strong Buy Stocks

"STATUS OF THE RV" BY MNT GOAT, 31 AUGUST

 IS IRAQ ORGANIZED FOR THE BRICS GROUP?

The financial expert, former director of financial control, Salah Nuri, ruled out Iraq’s accession to the BRICS economic group.

Nuri told Al-Furat News that: “The BRICS group is primarily an economic grouping against the grouping of Europe and the United States of America, and through it seeks a new financial system and the use of a unified currency instead of the US dollar.” 

(So much for rumors….. 😊)

More news….

VISA COOPERATES WITH THE CENTRAL BANK OF IRAQ TO RAISE AWARENESS OF THE IMPORTANCE OF DIGITAL PAYMENTS

On Thursday, the leading company in the field of global digital payments, Visa announced its cooperation with the Central Bank of Iraq to raise awareness of the importance of digital payments, pointing out that the campaign has the support of Prime Minister Muhammad Shiaa al-Sudani.

“This initiative enjoys the support of the Iraqi Prime Minister, Muhammad Shia’a al-Sudani, and aims to encourage the Iraqi population to adopt the financial.

More news….

GOVERNMENTAL INTENTION TO ESTABLISH A PERMANENT COUNCIL FOR THE PRIVATE SECTOR

The private sector represents the backbone of the various economies of the countries of the world, and the main player that can increase development rates, eliminate unemployment and poverty, and enhance the country’s productive capabilities, which called on the government to work to overcome the requirements and needs of this sector, and seek to involve it in various activities and economic activities, in a step that confirms the government’s desire to grant the private sector the space that enables it to provide the various needs of the country, and to include it in productive partnerships with its government counterpart.

In order to provide the appropriate ground for the work of the private sector and to secure all the requirements for its success, the Ministry of Planning recently revealed an intention to convert the (Private Sector Development Council that it supervises) from temporary to permanent, indicating at the same time, the development of a strategic plan that extends until 2030 to develop this sector.
 

(Iraq already has a “Private Sector Development Council” the only new news is they are going to make it permanent now.)

More news….

OIL PARLIAMENT: OIL AND GAS LAW IS STILL IN THE PROCESS OF BEING DRAFTE

Economy News _ Baghdad

Despite the passage of years of talk about the oil and gas law and the disputes about it, it is still a draft with the government and has not been completed so far, and many explain the reason for the delay in enacting this important law to the political dimension that is governed by consensus between all parties to the political process, while it is hoped that the law will be approved in the current parliamentary session as soon as it is completed by the government.

(Already told us it probably will not be approved in the currency session, Can’t put spilt milk back in the bottle…sorry1 😊)

A member of the Oil, Gas and Natural Resources Committee in the House of Representatives, Sabah Sobhi, said in an interview with “Al-Sabah” followed by “Economy News”, that “the oil and gas law is still in the process of writing its draft, which is the first stage in the legislation of any law.

STATUS OF THE RV

Oh, oh….lots of rumors of an imminent RV this week. Really? Not according to my conversation with my CBI contact in Iraq on Wednesday. Don’t you think they would know? However, I was told that there is still concerns about the dollar and the smuggling of dollars out of Iraq. They told me this is contrary to what you are hearing in the Iraqi news. There is still work to be done in this area. It was also confirmed to me that the CBI did intend to conduct the project to delete the zeros sooner than later but there are obstacles to moving ahead that still need work. So much for intel guru bank memos…lol..lol..lol… Remember rumors are just rumors unless they can be backed up with SOLID information to suggest otherwise. One guru starts a rumor and they all suck it up and spread it. That’s how this RV community seems to work. If you don’t get your bit of excitement for the week you get disappointed. You then move on to a guru who will give you that short-term high/rush. Facts are facts and I can’t change that. Reality is what it is. I am not going to lie to you over my “opinion” just to make you happy. Over speculation seems to be the name of the game with this intel. Most gurus don’t even know how to apply the news they are hearing. Others get on YouTube and just spread the stupid rumors once again.

In brief, where are we with this RV?

Yes, there is always the possibility that the CBI could surprise everyone and they could suddenly push this forward. But the likelihood of them doing it without me knowing within a very short time prior, is very unlikely. They have told me over and over again that when they get ready to do it there will be no secrets to the progress of the project to delete the zeros. This step will be announced and shown to the world, if you wanted to read Iraqi news channels. Think about it, this next step of redenomination is going to be huge for the Iraqi people. But here is the good news, The “secret” lies (hush up) in the redenomination in that the next step afterwards is the reinstatement and the liberalization of the dinar back to its “former glory”.  

Like I told you many times already one of the major obstacles is in all the US corruption going on and the Obama plan for Iraq, now the Biden plan (to restructure Iraq completely prior to the RV) is not a workable plan in the short-term. It has been over a decade already with this plan and you can see where we are. We all know this is a senseless plan and can never be accomplished in the short term. We would be waiting decades more if this plan is still pushed. It must change and a more sensible plan put in place. Yes, a practical plan put in to place to allow the dinar to RV and then to rebuild Iraq using this money and investors. As the country grows so would the value of the dinar. Get it? You can’t do it all without the RV. This is where the Obama rebuilding plan falls flat on its face. ☹ Of course nothing these radical, extreme socialist do, now in the US government, seems to make any sense. But of course they really want to stall the RV too because they don’t want the American investors, like us having all this new wealth.

What could this new wealth do for the US?

1.It could be used to support political parties and candidates that they do not agree with;

2.It could be given to charities to help the poor and stabilize our countries. This also the democrats really don’t want, as they luv crisis after crisis as it gives them FEAR in the population and thru the FEAR they obtain power and control (this is called illegitimate power);

3.After seeing the spending of the Biden administration, one has to ask “where did all these trillions of dollars go?” – So I believe, and you can also see the proof if you know anything about the WEF and UN plans for the future of America, that they want to basically bankrupt the US and then rebuild a Marxist type of financial system controlling everyone’s money down to the last penny. We already see the Central Bank Digital Currency as just a taste of what they want to do. Remember their form of the “reset”. It is to tear down first and then rebuild it according to Marxist/communist doctrine. “You will own nothing and you will be happy”. Their words not mine! ☹ So if you are not to own nothing then who is going to take it from you so you have nothing? Do you seriously think these elitists and rich are going to give up their big yachts, Bently cars, mansions, servants and land grabs? We already see the evidence in Maui of their greed and influence. So, basically why would they want us to have all this money pumped into the economy? It goes against their plan. They want two classes – the very rich and the very poor.

So, go figure why I am telling you this. But there will be change in the administration and it is coming sooner than later next January.

We wait…. If we don’t see the RV soon we are entering into the window of January 2024 sorry! ☹ Could this be their target all along?

QUESTION:

Hi Mnt. Goat,

(In regards to the Aug 29 Blog) I saw your currency chart today (August 29th) and had a question about the 250 and 500 notes being noted as “obsoleted”. I have some of these notes and was hoping you could clarify the future outlook of these notes, as I was hoping I could hold them indefinitely. Obsoleted worries me. Thanks in advance!

MNT GOAT ANSWER:  

Hi TheOilman!

You obviously did not read about the larger notes in the US and how they handled them in the past when they went obsolete. I tried to make a comparison to what will happen to Iraqi’s larger notes but I can’t force you to read. Did you read it? You have to do it on your own. That’s why I have a blog. “obsolete” means they won’t be printing anymore nor will they by in common circulation, as time goes on they will be just collectors’ notes. But they will still be valid currency for many years to come just like these older, very large US dollar notes.

Hold them indefinitely? Indefinitely is a strong word….. ☹. I heard of some very weird ideas but your idea takes the cake. Why? Like I said a thousand times our 3 zero notes will be able to be exchanged, what more do you want? If you hang on to them and wait a long time to exchange (if ever like you said) you will have difficulties in exchanging them, I assure you. So why are you in the investment? Are you just a currency collector or an investor? Not a good idea to hang on to them. Not saying they won’t be valid and legal tender but as the years roll on the banks will have to research and that will take time. Also, years from now all the banks may not want them. Get it? They are not  in the habit of collecting currencies.

My advice – Get to the bank and get rid of them while the irons HOT. Make some money, honey! ….lol..lol..lol.. Get it? What more can I say. Thanks for the question.

BY MNT GOAT

New Strong Buy Stocks for August 31st, 31 AUGUST

 ROCK  

SXI  BSM  KNSL  STLA

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Black Stone Minerals, L.P. (BSM - Free Report) : This company that owns and manages oil and natural gas mineral interests has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

Black Stone Minerals, L.P. Price and Consensus

Black Stone Minerals, L.P. price-consensus-chart | Black Stone Minerals, L.P. Quote

Standex International Corporation (SXI - Free Report) : This supplier to the commercial and industrial sector has seen the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.

Standex International Corporation Price and Consensus

Standex International Corporation price-consensus-chart | Standex International Corporation Quote

Gibraltar Industries, Inc. (ROCK - Free Report) : This building products manufacturer has seen the Zacks Consensus Estimate for its current year earnings increasing 11.2% over the last 60 days.

Gibraltar Industries, Inc. Price and Consensus

Gibraltar Industries, Inc. price-consensus-chart | Gibraltar Industries, Inc. Quote

Kinsale Capital Group, Inc. (KNSL - Free Report) : This specialty insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.

Kinsale Capital Group, Inc. Price and Consensus

Kinsale Capital Group, Inc. price-consensus-chart | Kinsale Capital Group, Inc. Quote

Stellantis N.V. (STLA - Free Report) : This company that engages in the business of automobiles has seen the Zacks Consensus Estimate for its current year earnings increasing 11.6% over the last 60 days.

Stellantis N.V. Price and Consensus

Stellantis N.V. price-consensus-chart | Stellantis N.V. Quote

 https://www.zacks.com/commentary/2142260/new-strong-buy-stocks-for-august-31st?art_rec=home-home-top_stories-ID03-txt-2142260

Iraq rises to 49th in global economies ranking for 2023, 31 AUGUST

Iraq rises to 49th in global economies ranking for 2023

Shafaq News/ Iraq has climbed to the 49th position in the list of the world's largest economies for the year 2023, a notable advancement from its 52nd rank in the previous year, as per a report by the International Monetary Fund (IMF). 

The report, which considers the gross domestic product (GDP) data of 190 countries, underscores Iraq's improving economic status.

With a gross domestic product of 267.89 billion dollars, Iraq has secured the fourth spot among Arab countries for the second consecutive year. Saudi Arabia claims the lead in the Arab world and ranks 18th globally with a GDP of $1.06 trillion. The United Arab Emirates follows with a GDP of $498.98 billion, while Egypt holds the third position with a GDP of $387 billion. Qatar ranks just ahead of Iraq in 49th place, boasting a GDP of $219 billion, followed by Algeria with $262 billion.

The IMF report highlights the five largest economies globally in 2023: the United States, China, Japan, Germany, and India. The United States maintains its top position with a staggering GDP of $26.85 trillion, followed by China with $19.37 trillion and Japan with $4.41 trillion. Germany and India round up the top five, with GDPs of $4.31 trillion and $3.74 trillion, respectively.

https://shafaq.com/en/Economy/Iraq-rises-to-49th-in-global-economies-ranking-for-2023

Dinar RV News Today🔥France's President to Activate Strategic Partnership...