Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT
Tuesday, October 17, 2023
"RV UPDATE" BY MNT GOAT, 17 OCT
The saga about the Iraqi dinar RV only gets better as the months roll on. More and more pieces are put in place for the inevitable revaluation and reinstatemtn of the dinar. It has become not a matter of “if” these events will occur but “when”. We can all speculate but what events are you using in your analysis to formulation your speculative conclusions? What are you telling your audiences? Are you even qualified enough to partake in this effort?
So, how long will we investors in the IQD have to wait before Iraq is allowed to liberate its own currency?
- We know they are completely out of Chapter VII sanctions, so why not treat them as such?
- We know since January they have undertaken a massive “de-dollarization” program.
- We know the value in the dinar exceeds even pre-1991 era but what is holding it back?
- We know Iraq now pumps 2/3 more oil than in pre-1991 era.
- Iraq also has announced 132 tons of GOLD.
- We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
So, I have to ask then – Why is the dinar still 1/6 of a penny?
During this period of collecting information for this edition of the Mnt Goat Newsletter we have learned that the global system for the automation and modernization of customs (ACYCUDA) project is making headway. This system will require a link to the international currency exchange to convert rates of currencies between countries for up-to-the-minute rates. The system is planned to take in any international currency not just the US dollar for payments of customs duties and tariffs. With this is a huge plan to make Iraq a central hub for commerce in the middle east and this revenue, as they told us, could rival the oil revenue. This new ACYCUDA system is due to come online when? – Okay, so does January 2024 sound familiar? Are you connecting the dots yet?
Just be patient, the reinstatement is coming.
PS: Be sure to tune into the POLITICAL section of today’s Newsletter. It is chock full of news about the unprovoked, covert Amas terror attack on Israel on October 7 and the implications it is having on the U.S. woke democratic party that seems to side with the Palestinian terrorists. Really? Folks, you can’t make this stuff up!
It is appreciation day…
Enough said… much more to come….
Hope to post the full Newsletter soon!
God Bless,
Auf Wiedersehen
Much love to ya all,
Mnt Goat
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
Is Iraq able to join the BRICS group?.. A serious warning about Washington’s reaction, 17 OCT
Is Iraq able to join the BRICS group?.. A serious warning about Washington’s reaction
The Iraqi economic expert, Omar Al-Halbousi, confirmed today, Monday (October 16, 2023), that Iraq’s accession to the BRICS group may face many obstacles as a result of the economic and monetary crises that the country is experiencing.
BRICS includes Brazil, Russia, India, China and South Africa, and at a summit in Johannesburg last August, a decision was announced to invite Argentina, Egypt, Iran, Ethiopia, the Emirates and Saudi Arabia to become full members of the organization, starting on January 1, 2024.
Al-Halbousi added, in a press statement followed by “Baghdad Today,” that there are many obstacles standing in the country’s way to join the BRICS, which is Iraq’s lack of an industrial base and the lack of agriculture, which made the economy collapse significantly, amid the confusion of government measures that caused the economic and monetary crises to worsen in the country. Iraq.
He continued: "Iraq cannot join the BRICS group because of Washington's control over it, especially since Iraqi oil imports are placed in Iraq's account in Washington, which makes Iraq exposed to a financial setback if Washington lifts protection over Iraqi funds."
The economic expert pointed out that the United States of America has a lot of evidence of the Iraqi government’s negligence in the continuation of money laundering, terrorist financing, and dollar smuggling operations for the benefit of countries and armed groups punished by the American Treasury. In the event that Iraq joins BRICS, Washington will take a significant package of sanctions, and I do not rule it out. Approval of a law that reduces or restricts the income of the dollar to Iraq, causing a major financial collapse, especially since Iraq has a rentier economy that depends on oil and that oil imports are in America.
Al-Halbousi explained that the United States will not allow Iraq to leave its circle of control and go towards its competing party, and Washington has great pressure cards on Iraq militarily, politically and economically, which makes the statements of Iraqi officials about joining the BRICS group suicidal at all levels for Iraq, and at the same time it cannot Its implementation is due to American obstacles.
In a previous statement, the Iraqi economic expert, Safwan Qusay, spoke, saying: “Iraq is trying to be in the region of economic balance by attracting investments from countries of the East or West, and Russia is a giant industrial country, and Iraq’s openness to the Russian system can be exploited by attracting investments in the agricultural sector, livestock and the agricultural sector.” “Transportation, especially if we manage the investment file in the iron and steel sector to create complementary industries at the level of trains and ships.”
He added: "Iraq is looking forward to exploiting its geographical location and it needs to establish an industrial zone for strategic industries that complement the path of development and the presence of economic powers such as Russia that can contribute to these sectors. I believe that establishing a nuclear reactor to generate electrical energy will support the process of establishing this industrial city and that we will have diversity in Investment sources.
He pointed out that Iraq is looking forward to increasing the capacity of financial transactions with the Russian side outside the “SWIFT” system, so that it can have trade with the East through this system, and this reduces the pressure on financial bottlenecks in some cases.
Regarding the possibility of Iraq joining BRICS in the future and its impact on the region, Qusay said: “The BRICS project is promising, and the organization has a set of conditions for it to join, and I believe that Iraq needs to rehabilitate the economic goals and financial tools in order to be allowed to join the group,” explaining that Iraq is not with An area of attraction alone, but he must build a sectoral investment map so that there is competition in every sector. I believe that the advantage of the corresponding economy is what will determine preference. For example, integration with the Russian economy at the level of agriculture, iron and steel industries, and nuclear energy could be This is the path." link
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 OCT
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK26: Remember they're talking about November and December to get it done by January 1st. That's the time period I believe we're going to see a change because that's what they tell the Iraqi citizens...In order to stabilize the dollar exchange rate you're going to increase the value of the Iraqi dinar.
Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank"
[Boots on the ground update]
SUPERGIRL'S REPORT [From last week] Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK: Inside the next 2 months it's highly possible we'll see a new exchange rate. That's the only thing that can stabilize it because a program rate unstabilizes it. This is as simple as I can put it. I'm not exaggerating. I'm not adding to it. This is for real.
Chamber of Commerce: 13 million people are paying the price due to central bank policies, 17 OCT
Chamber of Commerce: 13 million people are paying the price due to central bank policies
On Monday, the Diyala Chamber of Commerce identified what it called the three failures in stabilizing the parallel market in Iraq.
The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in an interview with “Al-Ma’louma” that “the failure to control the rhythm of the dollar exchange rate in the parallel market and the large difference between it and the official price and the presence of smuggling in various ways, in addition to the lack of transparency in distributing the dollar shares to travelers according to In official contexts, they represent the most important failures of the central bank.”
He added, "The Central Bank is responsible for the dollar file in Iraq, and what is happening represents negative repercussions that must be taken into account and its objective reasons explained," stressing that "13 million Iraqis suffer from the threat of poverty and are paying the price due to the instability of the price of the dollar because it exerts strong pressure on the prices of materials." Food and medicines.
He pointed out that "the continued instability in the currency market calls for structural changes in the central bank that lead to changing currency regulation strategies at the earliest opportunity and reduce the risk of speculation that plunders millions of Iraqis. link
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