DINAR REVALUATION

Thursday, September 14, 2023

Militia Man

Once they go international they're going to have to have an international exchange rate to value assets. Those assets are going to have to be competitive in the marketplace. I think Al-Sudani's speech...the U.S. Treasury showing back up today, the Central Banks of Iran and Iraq are a key focus and everybody should be really excited about it. Let's see what happens in the next couple days. Obviously they're going to tell us more about this whole process because it's going to be a public deal...

The Central Bank of Iraq and Iranian, who are they having meetings with? The United States Secretary of the Treasury... Article: "The Deputy Governor of the Central Bank of Iran arrives in Baghdad with a visit that will lead to a reduction in the price of the dollar." That tells you the dollar is going to decline and their currencies are going to go up...I believe they're in execution stage...

Article quote: "Iraqi and Iranian Central Banks are working on a mechanism to regulate trade and break the back of the parallel market." They had a problem with the black market. The parallel market is illegal. It's illegal to be trading in dollars...Sounds like they're about to get rid of it. Iraq is supposed to be dealing in dinar only...on the streets...

Iraq is showing signs of incredible security and stability...ISIS has been taken care of, that's security.

Al-Sudani: Reforming the banking sector contributed to reducing money laundering operations in Iraq, 14 SEPT

Al-Sudani: Reforming the banking sector contributed to reducing money laundering operations in Iraq

Al-Sudani - Reforming the banking sector contributed to reducing money laundering operations in IraqShafaq News/ Prime Minister Muhammad Shiaa Al-Sudani confirmed on Wednesday that reforming the banking sector contributed to reducing money laundering operations in Iraq.

This came during his meeting with US Assistant Secretary of the Treasury Elizabeth Rosenberg, in the capital, Baghdad, according to a statement received by Shafaq News Agency.

During the meeting, joint cooperation between financial institutions in Iraq and the US Department of the Treasury was discussed, and the government’s measures to implement financial and banking reforms were discussed to reduce corruption in all its forms.

The Prime Minister indicated that “the government is continuing to implement its priorities in reforming the banking sector, which is a basic basis for developing the economy, by adopting international standards and addressing the distortions and imbalances that accompanied its work and keeping pace with developments,” stressing that “those reforms have contributed, significantly, to reducing… From money laundering operations, it also addressed suspicious trade and reduced corruption.”

Al-Sudani stated that “the government has come a long way in implementing its reforms in financial institutions, in the public and private sectors.”

For her part, Rosenberg praised the great steps taken by the government in the field of financial and banking reform, which will help Iraq advance its economy and enhance its programs and plans in the field of sustainable development.

shafaq.com

"STATUS OF THE RV" BY MNT GOAT, 14 SEPT

ANNOUNCEMENT OF A TENDER FOR SUPPLYING, INSTALLING AND OPERATING COUNTING AND SORTING MACHINES AND CURRENCY PACKING MACHINES

Announcement of the public tender numbered (2023/5) for equipping, installing and operating Iraqi and foreign currency counting and sorting machines (dollars and euros) and currency packing machines for the Central Bank of Iraq / Kurdistan Region Branch / Erbil

The Central Bank of Iraq announces the conduct of a public and private tender to equip, install and operate machines for counting and sorting Iraqi and foreign currency (dollars and euros), number (30) and currency packing machines, number (4) machines for the Central Bank of Iraq / Kurdistan Region Branch / Erbil, according to the technical specifications and legal conditions stated . In the standard document for processing goods prepared by this bank At a total estimated cost of (650,000,000) Iraqi dinars (six hundred and fifty million Iraqi dinars), and from the planning budget of the Central Bank of Iraq for the year 2023.

(Why in May of 2023 the purchase of all this new equipment to count and sort money? Just asking…..hint,,,hint….)

More news….

THE LARGEST PETROCHEMICAL PLANT IN THE MIDDLE EAST.. IRAQ

Iraq aims to move forward with the implementation of the Nebras project, the largest petrochemical plant in the Middle East, and remove all obstacles and challenges that delayed the start of implementing the joint project with the international company Shell.

(Full article in in the article section)

STATUS OF THE RV

Finally, this week we are beginning to see the light at the end of the tunnel. We are having breakthrough after breakthrough on some VERY GOOD news and today’s news is no exception. In parallel with the exposure and cleanup of the corruption within the U.S. government, we are slowly seeing a change in policy for Iraq. I quote from today’s article- “Iraqi Foreign Minister, Fouad Hussein, said that his country rejects the use of its territory to attack Iran, but it also rejects “threatening Iraqi sovereignty.”

I believe that the U.S. is slowly realizing, as Iraq has already done years ago, that the Barrack Obama plan for the economic reforms in Iraq is not going to work without first the liberalization of the dinar. So, as I normally do, I called my CBI contact to get an update on the situation in Iraq. What I was told was some very good news. This news stems around the new assignment just given to my contact on a team, recently put together that is responsible for supervising the rollout of the newer lower denominations and the redenomination process.

Why is this very good new?

First, it is telling me the implementation of the project to delete the zeros is so VERY CLOSE at hand;

Second, remember also this is my contact and so I can learn lots as this project proceeds forward. I will be able to get first-hand information that most will not be able to even get;

Third, I was told is will be moving forward in the coming days not months.

On Tuesday the arrival of Assistant US Treasury Secretary Elizabeth Rosenberg to the capital, Baghdad. This visit was for the purpose of reviewing the progress in combating international money laundering, corruption and banking reforms all will support international investment in Iraq. This visit coincides with a sharp rise in the dollar exchange rate since the end of last week, as on Tuesday, the barrier of 155 thousand dinars was broken in the parallel market, against the backdrop of the arrest of many owners of financial companies that violated the instructions of the Central Bank.

Again I want to state that the re-education process has NOT yet been taking place. So I am still expecting this to begin very soon. Here is the highlights of the process I was told would be taking just prior and during the project to delete the zeros. .

Why is this Re-Education Process Important to us?

I have talked about many times that it must take place prior to the Project to Delete the Zeros. So we them will know that this project is VERY close.

Then we know what comes next…don’t we? That’s the important part. Get it?

I was told by my CBI contact many times that when this project to delete the zeros and to redenominate the dinar will not be a secret. It will be in the news media all over Iraq. So, where are the articles then? Where is the news media then if this has taken place?

So, the newer lower denominations did not come out and are not in the ATMs. Get it? The Kurds are being paid and will need the ATM for petty cash so they can’t reset the machines yet. How will the citizens survive if they did at this point without the full redenomination happening concurrently?

DATE and RATE?

I find it amazing some still dwell so much on these two questions. Is it your insecurity in your investment? Are you not sure you made the correct decision in purchasing these notes? I showed you proof already many times that the dinar, when reinstated, will NOT come out at the low program rate and then float slowly to something we want to see to exchange. Instead, it will be placed back on FOREX and by the time you hear about it, it may very well already be over $4. Remember at some point the IMF will cap it out and let it settle down. I heard this could be at about $9. The rate will not ever reach the Dr Shabibi stated $16 that he said it could “withstand”. Of course, this statement was from way back in 2012 and the wealth of the country has changed 21 years for the better. There is a much higher level of stability and security. Plus, many more banking and financial reforms have been implemented since. Dr Shabibi was going to reinstate first then “shoot at the hip” on the reforms later and this was his approach while, after his ousting, Iraq had to take a step back to implement many of the reforms first under a different long-term plan. Without Dr Shabibi at the helm of the CBI, his full plan may not have worked. However, the actual process to be taken at the very end remains the same and we are watching it all play out now, even more obviously since January of this year.

Will we get out of 2023 without an RV?

This is highly doubtful. Remember there is information I am not telling you that you have no business to know. I am only passing along about 65% of what I know. But I can assure you don’t doubt this investment and hang on to your dinar.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Exotic Currency Rates/News IQD VND TRY and Zim Dollar BY SANDY INGRAM

Barzani asked Biden for help to “save the region from collapse,” and Baghdad eased the pressure, 14 SEPT

Barzani asked Biden for help to “save the region from collapse,” and Baghdad eased the pressure, 14 SEPT

Prime Minister of Kurdistan Masrour Barzani sent a telegram to US President Joe Biden complaining about the pressure exerted by the Iraqi government and requesting his urgent intervention to prevent “final collapse” of the region.

In a report published on Tuesday (September 12), The Monitor Network stated that Barzani had written to President Biden about the current situation in their country. Barzani expressed his concerns about the ongoing crisis, which he fears will be difficult to overcome due to the economic and political turmoil Lebanon is facing.

During a statement, he expressed his concerns saying, “I am genuinely worried that the dishonorable campaign being waged against us by the Baghdad government will lead to the ultimate destruction of the Iraqi federal model, which the United States has supported since 2003 and has been keen to continue until now. This is the first time since I became the Prime Minister that I have felt this way.”

He cautioned that the Iraqi Kurdistan region could face a complete and utter collapse if President Biden doesn’t personally take action to influence the Iraqi government. He also added that the current crisis could be defused if the new administration uses its sway in Baghdad.

The Monitor Network reported that the message arrived at the White House on the third of this month.

Observers have observed a shift in Baghdad’s stance since the time mentioned. It has decided to pay a part of the region’s dues, and the Kurdistan Democratic Party has been invited to return to Kirkuk. This invitation has been renewed even after the outbreak of protests in the city.

Earlier this month, the government suggested a Coordination Framework plan that involved offering the regional government a loan of 500 billion dinars. The plan was based on the understanding that the regional government would be able to pay it back using its oil revenues. However, the regional government declined the proposal.

According to Peshwa Hawramani, a spokesperson for the regional government, the Kurdistan Region is owed a total of 1.375 trillion dinars per month, as per the Federal Budget Law for 2023. Out of this amount, 906 billion dinars are meant to pay the salaries of employees working in the region. However, the Federal Ministry of Finance has only disbursed a sum of 2.598 trillion dinars to the region since January 1st, including 400 billion dinars for the months of October and November 2022. This is far less than the total amount of 11 trillion dinars allocated to the region until August 2023, as per the budget law’s schedules.

The oil revenues of the region are under the supervision of Baghdad, and are included in Iraq’s export quota with OPEC. Halting the region’s exports does not damage the Iraqi budget because Iraqi oil production has remained within its quota limits, and the Iraqi Ministry of Oil receives 85 thousand barrels of oil from the region daily for local use since June 25.

Despite the regional government’s willingness to deliver the quantity of oil requested by the ministry based on the production capacity of local refineries, the federal government failed to fulfill its commitment to cover the production costs of oil, and did not provide any payment to cover the expenses related to extracting, producing, and transporting the oil.

In the end, the government in Baghdad, under American pressure, decided to pay 500 billion dinars to the Kurdistan region as their dues, not as a loan.

Kurdish officials are in talks with American officials to address the issue of whether the Iraqi government is federal or centralized. The officials claim that Baghdad is attempting to exert control over everything related to the region, despite it not being under federal jurisdiction.

The government of Muhammad Shia al-Sudani attempted to appease the Kurdistan Democratic Party by allowing them to return to Kirkuk. This was done in order to prevent complaints about Baghdad’s mistreatment of the region and to establish a basis for sharing influence in the city. However, it is important to note that the coordination framework still considers the region subject to the central administration in Baghdad. The region is demanding undeserved funds.

Jassem Muhammad Jaafar, a member of the State of Law coalition, stated that Masrour Barzani’s recent statements regarding the relationship between the Kurdish region and the central government indicate that the regional government is afraid of a possible uprising by the Kurdish people. The fear is said to stem from the region’s “illegitimate and illegal demands” for funds from Baghdad.

“Masrour Barzani should have fulfilled the promises he made regarding the budget and returned the amounts of oil sold during smuggling to Turkey, instead of making provocative statements. He should also acknowledge the mistake the government made when they signed a contract with Turkey without consulting the federal government.”

The leader of the Kurdistan Democratic Party, Masoud Barzani, criticized the Iraqi Parliament for approving the state budget, calling it unconstitutional and illegal and further deepening the dispute with the region.

During a recent development, it was stated that the Iraqi federal government and the Kurdistan Regional Government have reached a positive agreement to resolve issues that have been causing instability in the country. The objective of this agreement is to consolidate foundations of stability and serve the people. However, some political parties have acted irresponsibly by trying to undermine the Kurdistan region’s entity, which is an unfortunate situation.