"RV UPDATE" BY NADER FROM MID EAST & PIMPY, 23 NOV

 Nader From The Mid East

  Yes, it's going to revalue.  When?  I don't know.  But it's going to revalue.  They have to revalue.  If you look at the history and you look at the wealth Iraq has...It's real.  What's going on is real...The revolution of the dinar is there.  The reinstatement is there.  They're going to have to reinstate...The...dinar was down because of the war and the sanctions...Iraq got heavily sanctions.  But now the country is going back to normal.  

Pimpy 

 This is what I think is funny about these so-called professionals.  They start off by telling you the Iraqi dinar is never going revalue and then they turn around and tell you well, there is some possibilities.  Either it is or it isn't.  Why don't you just be honest about the Iraqi dinar?

   The dinar is not a scam.  It's a legitimate currency.   Can it increase in value?  Of course it could.

 Month, month and a half there's been quite a bit of positive news coming out of Iraq.  Let's hope they stay out of trouble and continue working on doing what it takes to regain their sovereignty.  They're taking all the right steps to do what it takes to appreciate the Iraqi dinar which all of us are happy about. 

 You still got people out there...swearing up and down that means there's going to be a reinstatement of the $3.22 rate. 

 I'm going to continue to tell you no it isn't.  I still believe the Iraqi dinar is going to go up in increments.  It's not going to jump up to $3.22 right off the get-go.  It'll get there fairly quick but it's not going to happen overnight.  As long as they stay in the good graces of the Untied States everything should be fine...

  In the news we see Iraq is involved in another currency swap...The fact they're now starting to prepare themselves to do currency swaps with UAE is big news. 

 The more they do that with other countries the stronger the Iraqi dinar becomes.  Think supply and demand.  In order for you to do a currency swap you have to take in their currencies and they have to take in yours...

IQD Investors: Iran is NOT an Arab Country - Why Are They Trying to Con...

Iraq Dinar - Precursors - RV - International Businesses - WTO BY MILITIAMAN

"RV UPDATE" BY MARKZ, 23 NOV

 MarkZ

[via PDK]

Question:  What is the difference between and RV and an RI?   ...RI means they are re-instating the old value. An RV is revaluing at something different than the old value. Either one will be great for us.  If they re-Instate it – I believe the rate was $3 something…maybe $3.30 or so….  Even with a re-instatement they are able to add more for inflation which could put it in the $4 dollar range.  That is the basics.

They are really screaming today…. What is really shocking when I talk to some of my folks in foreign currency and Wealth Management…I call them redemption contacts…Well, they are on call tomorrow.  This will be their first major holiday where they are actually “ON CALL” in case this happens. This was a big one IMO.  This was a first for me.

Comment: Researching bank websites in my little town – “Wealth Management” is a service found on all – not used to seeing that. Another service is “Foreign Currency Exchange”.

MarkZ: Banks are preparing for the shift.

In Iraq they are talking about how de-dollarization is working…and now that they have opened banks using other currencies …it has greatly reduced their reliance on the US dollar. And they are seeing the dinar rate gain against the US dollar. I was told that as soon as the parallel/black market rate reaches the official rate…then the big value change. They need to stabilize the rates before they can change them.

I have heard some very encouraging things about the next 4 days…Banks are excited…and banking personnel believe we are very close. In a nutshell it points to the next 4-5 days for our announcements.

Iraqi Dinar update for 11/22/23 - US bombing inside Iraq is not good BY PIMPY

3 Countries Behind The Postponement Of The “OPEC+” Meeting.. Sources Of Leakage Of The List Of Countries, 23 NOV

 3 Countries Behind The Postponement Of The “OPEC+” Meeting.. Sources Of Leakage Of The List Of Countries

Time: 11/23/2023 Read: 871 times  {Economic: Al-Furat News} Informed sources reported that the postponement of the OPEC+ meeting on the production strategy came after a disagreement over the current production levels of some member countries, and the possible cuts associated with them.

According to what the media reported, the meeting was postponed from November 26, 2023, to the 30th, and that the postponement was linked to African countries.

OPEC+ announced after its last meeting last June that the production quotas of Angola, Nigeria and Congo for 2024 are conditional on reviews from external analysts.

For his part, UBS analyst Giovanni Stonovo said: “Uncertainty is not good at all for the markets, as the markets must now wait longer to obtain clarity about what OPEC+ will do next year.”

The analyst added, "Postponing the meeting also shows that there are some different viewpoints among the group's participants."

Yesterday, during afternoon trading, black gold prices fell by about 4%, but contracts reduced their losses in the evening, and Brent closed trading with a decline of 0.6% at $82.65 per barrel, while American crude fell by 0.85% to $77.10 per barrel.  LINK

Economist: The Impact Of Introducing New Trade To The Electronic Platform Is Limited Unless The Borders And Customs System Are Controlled, 23 NOV

 Economist: The Impact Of Introducing New Trade To The Electronic Platform Is Limited Unless The Borders And Customs System Are Controlled

Money  and business   Economy News – Baghdad   Economist Nabil Al-Marsoumi said, “The process of introducing the trade in cigarettes, gold, or mobile phones into the operations of the electronic platform could have a limited impact unless the borders and the customs system in general are controlled. Therefore, the concerned authorities must work in accordance with a unified customs and tax system and set a central tariff for goods.” Imported goods, and complete control over the border crossings.”

Al-Marsoumi added, “Many merchants of gold, cigarettes, and other goods do not prefer to enter the electronic platform if they are actually included, because it will require them to enter the goods through official ports, and entering some types of goods, such as cigarettes, through official ports exposes them to paying customs duties of up to 100 %, as well as for gold, so the process of involving them in the dollar selling platform may have very limited results unless the import system is activated in general.”

The economic expert explained, “The banking reform process in Iraq, and the economic reform in general, must be accompanied by unified legislation so that such decisions and instructions can have a positive impact in reducing the exchange rate of the dollar against the dinar, which means that such measures do not touch the essence of the issue and their impact will be limited.” On the parallel market and on the dollar exchange rate.”  Views 33  11/22/2023  https://economy-news.net/content.php?id=37754