"RV UPDATE" BY MNT GOAT, 7 DEC

 Mnt Goat  

 This gets more and more exciting with each call to Iraq [with CBI contact]. So, we know from past conversations that Iraq wants and needs to continue the process of the financial reform plan, of which the currency reform is a part of and a VERY high priority.

  Oh my gosh!!!   I truly can hardly believe all the good news coming from Iraq this period. Maybe it's not the RV, as of yet, but I can assure you it is coming and there is no stopping it. It is like a loaded freight train coming fast down the tracks.

   The [CBI] contact...told me thatthe rate is going to change very soon but not backwards only forwards, meaning to go up in value and not down.   I was also told that as an investor we will like the final rate.

 Again, it was emphasized to me that there would first be an in-country rate (close to USD 1 to IQD 1) during the swap-out in Iraq of the three zero notes and then later a new rate once the dinar is liberated back to the foreign currency exchanges and re-pegged. At this point the in-country rate goes away. There will NEVER be two rates...They wanted to make this point very clear to me that this is the process. When the in-country rate comes out there is little we, as investors, can do to exchange and our turn-out will come later, if we so choose to give up our dinars.

Amid tension, PM al-Sudani orders security forces to take action against attempts to disrupt election, 7 DEC

 Amid tension, PM al-Sudani orders security forces to take action against attempts to disrupt election

Shafaq News/ The Commander-in-Chief of the Iraqi Armed Forces, Prime Minister Mohammed Shia al-Sudani, on Wednesday instructed the security forces to take action against any attempts to disrupt the local elections scheduled for December 18.

The order came during a meeting with senior security commanders from various divisions, according to a statement issued by the Prime Minister's Office. This meeting was held in the aftermath of a series of attacks against the headquarters of the Dawa Party and al-Hekmah Movement over the past few days.

In the meeting, al-Sudani said that "maintaining security and stability in the country is essential for the success of [the government's] development plans." 

The press release added that al-Sudani reviewed the security plan that will be implemented during the elections, laying emphasis on the need to "update regularly to be able to respond to any security developments."

No Stopping the RV/RI💣Kurd News Removing 3 Zeros?🤔Iraq Dinar RV Updates ...

Government Source: New Shipments Of Dollar Supplies Arrive In Iraq, 7 DEC

 Government Source: New Shipments Of Dollar Supplies Arrive In Iraq

Economy | 07/12/2023  Baghdad - Mawazine News  A government source revealed, today, Thursday, the arrival of shipments of dollars to the Trade Bank of Iraq.  The source said: "Shipments of millions of dollars arrived through the Trade Bank of Iraq (TBI), as part of the bank's plan to supply dollars."

He added, "This came to meet customer requests," noting that "other shipments are scheduled to arrive during the next few days." 

  https://www.mawazin.net/Details.aspx?jimare=239072

"RV UPDATE" BY MARKZ, 7 DEC

 MarkZ  

 [via PDK]  

Article:  “Vietnam and Japan establish comprehensive strategic partnership”  Vietnam moved into the number 4 slot for trading partners for Japan. This means Vietnam is growing in trade and militarily.  Vietnam and Turkey are also establishing much closer ties and swapping local currencies for trade. Vietnam is making big solid moves in the international economy.

Question:  I heard that the rate at banks would be different from those at redemption centers. Is this true?

  MarkZ:  That is what we have been told. That the rates will be higher at redeeming banks/centers than if you just walked in off the streets. 

 Question:  Where are those redeeming banks?    

MarkZ:  They will be all over. They could be right down the street from you. They are not going to give us redemption center locations until it is time to set appointments. For security reasons. It is a well guarded secret for now.  Comment:  I have seen photos of banks getting ready.   MarkZ:  IMO they are clearly gearing up.

 It’s still eerily quiet from my contacts. I’m assuming they have again cracked down on leaks...Don’t take the “no news” as “bad news”. It’s all still positive...everyone agrees that “any moment now” is possible. 

Coffee with MarkZ. 12/07/2023

Iraq is at the top of the 5 largest oil deals within a month, 7 DEC

  Iraq is at the top of the 5 largest oil deals within a month

The top 5 oil deals in November (2023) witnessed a strong presence from Iraq and Algeria, with increasing development and investment work in the oil sectors in both countries.

A report by the specialized energy platform stated that the importance of oil is increasing with the escalation of the global energy crisis, at a time when the markets are witnessing a state of confusion, due to the continued implementation of the voluntary reduction in oil production.

Iraq came at the top of the five largest oil deals in November, through major agreements related to investment, production and development in the “West Qurna 1” and “West Qurna 2” fields by international companies.

Iraq topped the list of the five largest oil deals after announcing that it granted the Chinese company Petro China the right to become the main operator of the West Qurna 1 field, instead of Exxon Mobil, which withdrew from it. This deal came under a settlement agreement conducted by the Ministry of Oil. Iraq with the giant American energy company, with the aim of putting the final touches on its exit from this field.

Iraq strengthened its presence at the top of the list of the five largest oil deals, by concluding a new agreement with the Russian company Luk Oil, to develop the West Qurna 2 oil field.

The Russian company announced that it had signed the agreement to improve conditions in the Iraqi field, and to extend the services contract with the Ministry of Oil responsible for the field for another 10 years, stressing that the agreement will lead to gradually doubling the field’s capacity  link