"RV UPDATE" BY RAYREN98 & TNT , 17 DEC

RayRen98 

 .. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND?

 WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL

https://dinarevaluation.blogspot.com/2023/10/rv-update-by-babysmom-rayren98-17-oct.html 

  Fri. 15 Dec. TNT RayRen98: 

The expected RV is now scheduled. Good news. This morning Iraq citizens were told in the next couple days. Sudani told ppl the rate is going to change in the next couple of days. I also go this from Tish she was watching in Iraqi tv.  The RV was supposed to occur last night Thurs. 14 Dec.  

Supposedly, the reason it didn’t is the U.N. filed a motion to take over the entire process. The judge denied the U.N. motion.  It didn’t make any sense b/c the IMF already released it to the counties. Every country has money, reserved currency, and is waiting to go live. Our window of time is 4:30pm Eastern Fri. 15 evening until 5:00 pm Eastern Sun 17 Dec. of when this could go through. In Iraq today the Kurdistan region was told that today was the last day they can turn in three zero notes and actually get 25,000 dinar for a 25,000 note.

Sudani was telling ppl this morning in a town hall type of meeting that the rate is going to change in the next couple of days. The last day the rate changed was the 20th of December.  If Iraq says today is last day, 4:30 EST is the next day Iraq time ~ a few minutes past midnight. They wanted to do it at 1:00 am eastern. This is how they want it to go down. In Iraq everyone is off Monday and Tuesday so they can go vote and the budget will be released on Tuesday. All the money. 

Always said they wouldn’t do that until the rate was changed. This hopefully will be our weekend. People who had bank appointments this weekend were told that there would be no fees during the exchange.  If you go to the teller window, there will be fees. There is no turning back. US has released it. IMF released to each country so when it goes, they can start exchanging. The money is in place so they can operate with it. They can’t wait. Sudani saying in a couple of days.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-rayren98-16-dec.html

Fri. 8 Dec. TNT:  It was supposed to go Thurs. night 7 Dec. Everyone was waiting on the IMF to release it. After a meeting earlier today Fri. 8 Dec, contacts said it will happen by Mon. 11 Dec. Sun. 10 Dec. is Iraq’s Victory Day, so Tony thinks it might happen then. 

People that have already contacted their banks are being called in to go over the procedures for the exchange, interest rates they would pay them, debit and credit cards that will be available to them, etc. Banks are acknowledging that it is happening and that they want people to choose them.

https://dinarevaluation.blogspot.com/2023/12/judy-notes-9-dec.html

SPECIAL REPORT Treason in Iraq +Provincial Elections BY SANDY INGRAM

"RV UPDATE" BY POMPEYPETER, 17 DEC

 PompeyPeter 

  The head of the armed forces  coming out and saying the whole of the armed forces from Wednesday to Wednesday starting the day before yesterday through Wednesday of next week are on the highest level of alert in the whole of the armed forces.  Level C...It's like a bloody call for a war, reservists and so on.  It's saying it's because of the election on the Monday the 18th...

That makes no sense.  Most countries like here in the UK and the US we don't have a day off for an election.  Last time they had council elections they only had 40% turn out.  Pretty apathetic.  It's Iraq, they give them a day off.  Now Sudani says they have two days off, Monday and Tuesday.   Now we hear the whole bloody army's been called up on massive stay of alert. 

  I'm thinking these are council elections, no body give a fiddles fig about these things.  Very strange. I thought, hmmm, new small category notes, ATMs, a lot of people trying to get into a bank to change their notes...Thinking about it, they may want the army involved to protect movements of new notes and coins...The 20th they've got 5 days to spend the big chunk of the budget that's been sitting there waiting for over 11 months.  Why?  Because they don't want to spend it at 1300.  It's too expensive....It would seem perfect timing perhaps they mask these elections with something else which may or may not be the rate change and new small category notes.  That's my eye on the prize today.  Could be wrong.  Just my opinion.

It is not available in other countries.. What do you know about Iraq’s sulfur reserves?, 17 DEC

 It is not available in other countries.. What do you know about Iraq’s sulfur reserves?, 17 DEC

The Committee on Economy, Industry and Trade in the House of Representatives revealed that Iraq possesses a strategic reserve of sulfur estimated at 350 million tons.
The committee’s rapporteur, Yasser Al-Husseini, said that Iraq has a strategic reserve of raw materials that are not available in other countries, such as sulfur, phosphate, and silica, and that it is almost the first to have them, noting that these minerals can be benefited from to be the country’s second resource after oil, by investing them in a real way with solid companies specialized in this. The matter, according to the official Al-Sabah newspaper.

He pointed out that government resources must be in purely national hands, and therefore the contracts in the Ministry of Industry and the Border Ports Authority, which are an important resource for the country, must be reviewed, indicating that investment projects were limiting the state’s resources and not enhancing them in a real way.

Al-Husseini stressed that the government must pay attention to the issue of migration from the countryside to the city and pay attention to the agricultural sector by benefiting from every drop of water from the time it enters Iraq until it reaches the root, warning of a demographic change that will cost the government more than the amounts it currently provides to care for the reality of the villages and countryside, explaining Supporting agriculture will cast a shadow over the stability of the local market and reduce imports in hard currency from countries, in addition to reducing unemployment.

Iraq also confirmed last year, 2022, that the sedimentary sulfur reserve in the Mishraq fields south of the city of Mosul (north of the country) is the first in the world and exceeds 400 million tons.

alsumaria.tv

"RV UPDATE" BY GOLDILOCKS, 17 DEC

  GOLDILOCKS

 Iraq has completed all of their banking competencies required by the CBI in Iraq to meet International Banking Standards. And tomorrow, they are expected to finish their banking reforms with their managers per a recent article.

Fri. 15 Dec: Iraq has completed all of their banking competencies required of the CBI in Iraq to meet International Banking Standards. And tomorrow Sat. 16 Dec, they are expected to finish their banking reforms with their managers per a recent article. At this time, they will have two weeks to do logistics training with their employees to prepare them for working with International Exchange going forward and only using the Iraqi Dinar locally. 

Iraq has signed a number of agreements around the world to begin trading beyond their borders, and they have exchanged currencies with several countries to enable them to move forward with exports and imports. The article below is a confirmation regarding a completion of a year-long set of economic reforms. It celebrates the work that they have done to achieve International standing in the banking system. … Goldilocks

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-goldilocks-16-dec.html

 Look for XRP and XLM to be one of the first movers in the new digital asset based trading system.

https://dinarevaluation.blogspot.com/2023/12/judy-notes-9-dec.html

Iraqi Dinar🔥Introducing New Exchange Rates And Adding Their Value🔥iraqi ...

"RV UPDATE" BY PIMPY, 17 DEC

PIMPY

 Definitely looks like reform is well on its way with the banking system. Let's hope this continues.  It looks like there's a lot of agreements that the US will hold their word and make sure that Iraq gets the money that they need for 2024...They definitely need to get Article 140 out of the way.  That's a big hesitation between Kurdistan and Iraq.   That's also a big part of their tension between the two.  Iraq is looking good.  Still moving forward.  That's what we want to see especially since the stuff they're working on is going  to help them do business internationally.

 Question:  "Does this electric payment system have anything to do with the Iraqi dinar exchange rate?"  Installing it is not going to make the exchange rate change but, what it does do is it will influence the exchange rate.  There's a huge difference...How it does that is...if people all have an ATM card...then there's an increase in transactions...that will help influence the exchange rate.  But just installing the payment system has nothing to do with the exchange rate...the exchange rate is not going to change because they put it in.

Question:  "Can Iraq get into the World Trade Organization with the currency exchange rate of 1310 to 1 US dollar?"  One of the key requirements for joining the WTO is establishing a convertible currency at a "realistic exchange rate"...the exchange rate of 1310 to 1 USD raises concerns about the convertibility and stability of Iraq's currency ... 

There is no specific threshold for what constitutes a "realistic" exchange rate...It has to be a stable currency which means...Iraq must have a stable economy...When 95% of your budget is totally relied on oil sales that is not a stable economy.  Iraq is going to have to build their private and public sectors...Can Iraq go into the World Trade Organization with an exchange rate of 1310 dinar?  Yes...if the dinar is stable.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-pimpy-16-dec.html