🔥Iraqi Dinar🔥WOW! WOW! WOW!🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY MILITIAMAN, 1 DEC

  Militia Man:

  ...Iraq is going International big time…Iraq is considered to be one of the world’s wealthiest nations with vast reserves…They have the money they need for a new real effective exchange rate. With the oil, natural gas, sulfer, precious metals etc…they can afford it. 

 All the data we've had in the last two weeks has been pretty much phenomenal because it sets the stage of so many things that converge on one another.

 A number of bankers I know are seeing “Pending” on the screens instead of “on hold” .   Which is what they have seen on a number of currencies…  So for the first time bankers are reporting seeing pending now.  Depending on the bank…different rates are showing like $4.50 or $4.60 on the dinar.  We don’t know if this is a test…or this is “it”. We don’t know if they are priming or prepping the system.

 ”Central Bank Governor: Washington responds to all that Iraq needs in terms of dollars and meeting with it next month 28th of Nov.”  This article was from yesterday.  Quote:  “There are no restrictions on Iraqi funds abroad”  This is what we call “International”  Awesome things are coming out of Iraq.  Question:   I am hearing that a Dinar rate announcement is likely in the next couple days...are you hearing the same with reason for confidence?   MarkZ:  I am hearing that.

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-militiaman-markz-30-nov.html

..A new exchange rate...will likely be coming quickly now. The salaries will need it, the budget spending for projects will need it, getting into the international global financial system will require it.

 Article:  "The dollar exchange rates are subject to the forces of supply and demand in the market"  By adding other currencies from around the world they're going do diminish the need for the dollar and therefore it's basically going to go away...these guys are not playing games anymore...The US Treasury, Central Bank of Iraq, US Federal Reserve they are all working towards going one direction and that's to enhance the Global Financial System...

Article:  "The highest among the Gulf countries.. The Arab Monetary Fund expects the Iraqi economy to grow by 4.5%"  

There is likely no doubt that Iraq is about to have massive growth going forward. To be the highest just now among all middle eastern countries is going to be a big deal. I suspect the ISX is going to be on fire this next year even more so than ever before..

 There's things happening as we speak - one thing after another.  I can't imagine anybody being discouraged at this time because of the nature of what's happening

Article:   "Ministry of Transport intends to open direct airlines towards Australia, America, Malaysia" 

 It's not just about a few regional countries.  It's about many different places.  Once you start opening up the airports all the investors can gain access to the country to take charge of their investment, produce their businesses.  It's a really big thing to have an international airport full...they have their capacity...what they're using today is at 100% and they're not even international yet...

They're saying it's done.  I really like that.  I think you guys should be happy about it because if all the currency swaps are taken care of...I think it's a precursor to an exchange rate change in the future.

Article:  " With the participation of 120 companies...the launch of the Iraq International Building, Construction and Infrastructure Exhibition "

  This...being launched in Baghdad for the next few days is not surprising at all on the back of all the WTO meetings...since Oct 31st regarding Iraq's accession to the organization.

 The 2023-2024-2025 budget is about investment primarily into infrastructure.  It takes a lot of capital to build a country back...It will take massive amounts. It is far too expensive with 1310 exchange rate. An internationally accepted REER will likely make it far cheaper.

What's the exchange rate crisis?  It's been at 1310 since the early part of 2023.  They devalued to 1460 then they adjusted it by 10%.  What's not good about that?  What did it prove?  That adjustment the World Bank was talking about of 10.3% is actually a positive sign because what did it do?  It staved off inflation...There's some positive aspects to some of these things...Revaluations happen.  They need to be tested.

Article:  "Alaq says the rise in the exchange rate in his time and the project to delete the zeros still exists"   When was that?  July 26, 2023.  The plan is still underway, hasn't changed.  It's a dynamic and fluid circumstance.  We had the Bank of International Settlements come out and talk about highly complex financial transactions ...shocks, warning people...we can see there's some fireworks going on...in the background.  

We're hoping Iraq will show us they have Article VIII compliance any time now.   Let's see what happens...

 Article [via MeetMeOnline] quote: 

 "Easing of global commodity prices, the revaluation of the dinar, the continued price subsidies are projected to keep inflation in check..." 

 This is coming from the World Bank...price subsidies are projected to keep inflation in check because of why?  Because of the revaluation of the dinar...The World Bank are the ones talking about the revaluation of the dinar and the revaluation will help facilitate [many things] ...

  Article quote:  "Many countries in the region and the world have expressed a great desire to participate in this project [Iraq's Development Road Project] especially since it will be the most appropriate, shortest, least expensive way to transport goods between the continents of Asia and Europe"

  It's going to be a major hub of the globe and you're thinking that Iraq can't ever revalue their currency?  I think that is just flat-out silly.  To think that it's not going to ever happen...the news speaks for itself...

https://dinarevaluation.blogspot.com/2023/11/iraq-news-analysis-by-militiaman-27-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-militiaman-26-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-militiaman-25-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-militiaman-24-nov.html

The Sudanese wants to end internal dealings with the dollar, and “dollarization” has been a legacy since 1982.. His advisor, 1 DEC

 The Sudanese wants to end internal dealings with the dollar, and “dollarization” has been a legacy since 1982.. His advisor

On Thursday, Mazhar Muhammad Saleh, the financial advisor to the Prime Minister, revealed the priorities of the national project initiated by Prime Minister Muhammad Shiaa Al-Sudani to tackle fluctuations in the dollar. He stated that the project’s ultimate objective is to eliminate the practice of “dollarization,” which refers to using dollars instead of dinars for internal transactions. This legacy practice has existed since 1982 and must be ended to ensure monetary sovereignty.

Saleh issued a statement to the official agency, which was later reported by Network 964.

The process of organizing external transfer requests by banks needs to consistently meet international compliance standards for due diligence.

Certain Iraqi banks still fall short of the required global standards, as they act as intermediaries in the purchase of foreign currency for the commercial community. Due to this, some requests are being rejected, leading to a surplus demand, which may result in illegal financing in the informal secondary market.

The current economic policy is aimed at maintaining price stability by ensuring a consistent supply of commodities at stable prices. This is part of a national initiative launched by the Prime Minister to safeguard the standard of living and protect citizens’ real income from price fluctuations.

The government has partnered with the private sector to introduce four new baskets aimed at enhancing the range of goods available. These include a food basket, a pharmaceutical basket, a building supplies basket, and a reserve materials basket which contains commonly used items, particularly in the transportation sector.

It is crucial to safeguard Iraq’s monetary independence and eliminate the practice of using foreign currencies to assess domestic transactions. Dollarization has been a long-standing issue since 1982, and using the dollar for internal settlements, purchasing and selling of goods, services, renting, and contracts within the national economy is illegal. It is important to end this practice to ensure compliance with the law.

"RV UPDATE" BY BREITLING & YADA, 1 DEC

 Breitling

  In the article, they want to go and do this monetary sovereignty.  What do they have to do? 

 They have to eliminate the US dollar out of the public.  But the dollars they eliminate they want to put into their reserve.  So they're not de-dollarizing.  They're trying to build up their reserve and at the same time expand the supply times velocity of their currency... 

 yada  

Article:  “Baghdad today - Baghdad Today, Friday (December 1, 2023), the National Public Retirement Authority announced the start of disbursing salaries to retirees next Sunday“  

Yes, that is this Sunday the 3rd.;   The reduction of the oil output by 650,000 barrels means an increase in the price of oil, higher rates in the dinar value will follow.;  Lastly, the official change in the auction practice stopping the auctions while the banks are NOW transferring dollars through the designated banks connected with Chase and Citibank started... All clear signs we will see our expected end, now IMO.

MarkZ and Collin Plume talk metals. 12/01/2023

Iraqi Dinar🔥Iraq Is Going To Go International even bigger news from Iraq...

Global Oil Market in Flux: OPEC+ Cuts, Geopolitical Tensions, and Economic Uncertainty, 1 DEC

 Global Oil Market in Flux: OPEC+ Cuts, Geopolitical Tensions, and Economic Uncertainty

One of the most intriguing and consequential economic arenas in the world, the global oil market, is currently grappling with a complex medley of variables. From geopolitical tensions and economic conditions to OPEC+ decisions, the landscape of the oil industry is in a state of flux, leading to an unstable pricing environment.

Uncertain Impact of OPEC+ Production Cuts

A significant determinant of the current oil pricing scenario is the recent OPEC+ decision to implement production cuts to counter falling prices. The agreement, aiming to withdraw about 2.2 million barrels per day from the global circulation in the first quarter of the subsequent year, is a strategic response to the downward pricing trend. However, the market has received this decision with a certain level of skepticism, wary of the voluntary nature of the reductions, compliance concerns, and macroeconomic headwinds. The true effect of these production cuts on oil prices is still under scrutiny, the outcome of which might take weeks or months to manifest .

Geopolitical Tensions and Economic Conditions

Other than the OPEC+ accord, geopolitical tensions, notably the renewed conflict in Gaza, has added to the market’s volatility, risking potential global oil supply disruptions. The imposition of additional sanctions related to the price cap on Russian oil by the United States has further complicated the market dynamics. Economic conditions, such as weak global manufacturing activity and concerns around economic growth, particularly in 2024, have also impacted oil prices. The central banks’ cautious approach, for instance, the Federal Reserve’s careful consideration of interest rate adjustments, mirrors the wider economic environment that’s influencing the oil market.

Oil Trade Dynamics

The dynamics of oil imports by major consumers, such as India, have also contributed significantly to the global oil market landscape. The changing patterns of oil trade with key suppliers like Russia, Iraq, and Saudi Arabia highlight the intricate web of relationships and market forces in action.

Looking ahead, the current landscape of the oil market is riddled with uncertainty, characterized by the interplay of geopolitical tensions, economic conditions, OPEC+ decisions, and global oil trade dynamics. The long-term balance in the oil market may depend on a significant improvement in global economic data in the new year, highlighting the interconnected nature of the oil market with the broader global economy.

The global oil market today is defined by a multitude of factors, leading to pricing instability. The OPEC+ production cuts, geopolitical tensions, economic conditions, and oil trade dynamics have collectively shaped this complex and uncertain environment. As the market continues to assess these developments, the path forward remains full of challenges, emphasizing the importance of a comprehensive understanding of the global oil market’s multifaceted forces.

https://bnn.network/finance-nav/business/global-oil-market-in-flux-opec-cuts-geopolitical-tensions-and-economic-uncertainty/