DINAR REVALUATION

Monday, December 18, 2023

"RV UPDATE" BY FRANK26, 18 DEC

Frank26

On the 1st of January, you citizens of Iraq will no longer be able to use any foreign currency...Nothing except their currency. Their currency is worthless. Obviously they are cleaning the floor of the CBI from terrorism, counterfeiting, those in parliament that think they were going to take everything over again like Iran was planning but didn't work. This monetary reform education right now is extremely successful.

If you held your dinars for 1 year and you have the receipt to prove that, the date, then more than likely you'll be somewhere in the 20% range of taxes. If you...have no receipt, oh boy, you might be in the 40%. Yikes. You have 1 million, you'll have to give Uncle Sam $400,000. I'd rather give him $200,000 because I have a receipt where I've held my dinars for at least 1 year.

For those of you...that just bought your dinars last month. Hmmm. You may have to consider to hold on to them for another 11 more months for tax purposes. [NOTE: Some gurus feel the dinar will be taxed as ordinary income and not capital gains as suggested here. Always speak with your tax advisor at the appropriate time to determine the right tax for your unique situation.]

There is hidden information being revealed in these [This week's bank stories] phone calls...They're running out of time...The Venturi effect of the whole monetary reform is becoming so narrow he can barely get everything through fast enough right now. The employees are being educated/updated. Very good. They are telling them the dinar...we'll be doing it, sure...The banks know when and they're getting the customers ready and preparing them...This is what I am coming across...You may be still getting a lot of denials and that's still to be expected, but I am a central hub of information. People call me because they want me to share it with you...these bank stories are powerful

Finance is discussing with the International Monetary Fund expanding the use of electronic payment devices, 18 DEC

Finance is discussing with the International Monetary Fund expanding the use of electronic payment devices, 18 DEC

Today, Monday, the Ministry of Finance discussed with the International Monetary Fund expanding the use of electronic payment devices.
The ministry stated in a statement received by Al-Sumaria News, “A delegation headed by the Minister of Finance, Taif Sami Muhammad, the advanced staff in the ministry, and a number of representatives of the ministries and the Central Bank of Iraq, participated in the meetings of the visiting mission ofInternational Monetary Fundexperts held in Jordan for the period from 12-14/17.” /2023″.

The meeting discussed, according to the statement, “the priorities for correcting public finances through structural reforms, represented by encouraging foreign trade payments to commercial banks and reducing dependence on cash, in addition to expanding the use of electronic devices.”POSand electronic payments and accelerating the completion of the restructuring of government banks.

On the other hand, the meeting discussed, according to the statement, “the actual expenses and revenues until September 2023 and the expected ones for the end of this year, and the spending ceilings for the year 2024, in addition to the appointments file contained in Budget Law No. (13) of 2023, financial reforms, bank structuring, and the automation of customs, taxes, and treasury accounts.” The unified and comprehensive banking system and the application of the POS electronic payment system for the purpose of maximizing revenues .

The statement added, “The meeting discussed supporting funds for which allocations are allocated in the general budget, in addition to structural reforms to support private sector development, increasing job opportunities, reforms of the retirement system and the social protection network, increased revenues and exports, higher economic growth, banking and electricity sector reforms, enhancing governance, and reducing corruption.”

As the meeting indicated, “roleCentral Bank of Iraq in tightening monetary policy appropriately with the aim of alleviating inflationary pressures by continuing to enhance liquidity management, as the Central Bank has achieved good progress in implementing technical assistance recommendations for managing local liquidity and bridging the time gap between auctions of bank instruments to ensure continuity of liquidity absorption. Sami explained, during the meeting, that “economic recovery is underway amid the return of commercial financing to normal and the large financial expansion, maintaining economic stability and the importance of coordination between monetary and financial policy and ensuring the sustainability of the need to gradually renew financial policy while maintaining spending on the necessary infrastructure and spending needs.” Social security, controlling the wage bill and increasing non-oil tax revenues. The Fund praised “the role played by member states in economic and financial reforms to achieve sustainable development goals.”

alsumaria.tv

"RV UPDATE" BY SANDY INGRAM, 18 DEC

Sandy Ingram

Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday" Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.

Iraq cuts oil production by 223,000 barrels per day voluntarily. Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-sheila-18-dec.html

Article: "CIA warns Baghdad of serious consequences if attacks against US personnel continue" Since October 17th the US presence in Syria and Iraq has been under constant threat.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-sandy-ingram-15-dec.html

[We] tried to ignore this news however, that is not possible Article: "Iraqi PM places security forces under investigation over US embassy attack" Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq. Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire" When you attack the embassy of another country, this is far more serious.

The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.

Article: "Inflation rate in Iraq declines in 2023 compared to 2022"

The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption.... The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..

The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution. He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article: " Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"

Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

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

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

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Article: "Inflation rate in Iraq declines in 2023 compared to 2022"

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world... The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article: "Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"

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

High Alert!💣New Rate Post-Election After 19th?!🤔Iraq Dinar RV Updates | ...

"RV UPDATE" BY MILITIAMAN, 18 DEC

Militia Man

They have a paragraph in the laws that may need an amendment. It has to deal with the average production cost per barrel [of oil]...it's used to be $8 but now it's $21...

When they change the value of the currency it's going to need to be adjusted according for a fair valuation for how much money is it going to cost to get it out of the ground. That's going to be relevant to what's the dinar worth because we're not going to be using the dollar, we're going to be using the dinar...

Article: "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK" This data supports all that we have been seeing where Iraq is going international. It is coming out strong and to the point from the horse's mouths. For those that doubt it still.. Good luck.

We had some problems with the embassy recently...They put the army out from the 12th, a couple days back, through the 20th. So you kind of go, wow. They're really focusing in on the 20th. Again, they are telling us a story. Whether that is an indicator or not it's going to be determined. Don't think that we're telling you it's going down on the 20th because that's not what we said and that's not what I'm telling you. But it's fascinating stuff...

Romanowski [US Ambassador to Iraq] had her G7 meeting...She's taken photo op with the G7 supporting the reforms of Iraq. That's powerful stuff.

Article quote: "...during the coming year the Iraq economic contact group will further cooperation to support the development of the economic and financial sector in Iraq including prime minister Al-Sudani's policies to enhance the value of the dinar...This is a clear announcement of the new policies regarding the dinar during the transitional period..." That's a drop the mic you guys. Phenomenal...In other words if you're going to enhance the value of the dinar something is going to change.

Article "STATEMENT OF THE IRAQ ECONOMIC CONTACT GROUP OF THE G7, EUROPEAN UNION AND WORLD BANK " This is the road map they have been using to show the world their intentions.

They have every intention to see Iraq succeed and get back into the international arena and into her rightful place in the international financial system! We can see by the evidence over the last few months that support they are getting down to the wire...

Iraq is presenting that they're going international and they have been talking about it for a long period of time.

They've actually doing it for a long period of time and they're coming to fruition to where they've publicly told us they were going to start spending money and that could be as soon as around the 20th. Then you have the end of the year dinar only. They have the taxation in dinar on the same time frame. These little bits and pieces they feed us, their time frames, we put it together...and we'll see how they roll out in the coming days. It's a phenomenal process...

The dollar is going away between now and the 20th for commercial purposes. It will not be used as of the same data for taxation in the country... Will they still be able to buy dollars to travel. ..? Yes. Will they be able to use the dollar for transactions in country for commercial purposes? Answer, No. Will they be able to use any other currency other than the dinar for commercial purposes within the country as of January 1, 2024? ...the answer is no... Standby for this to get really exciting because everything we're seeing is telling me that we've never been here before...

Article: "Samsung: Iraq represents the most prominent market in the Middle East" The Iraqi markets are going to explode. Samsung is going to be there all along the way. They will not be alone be sure. Having an early start is a big deal...Iraq's private sector is going to be on fire.

Al Sudani has established a "Unique private sector development council..." ...Giving credibility to the private sector is getting ready to explode. It's going to be phenomenal.

If the Finance Minister needs to work to the end of the year to make sure that everything's sorted and ready to go and do it right and do it properly so the Iraqi citizens get what they deserve which is purchasing power. I think it's a phenomenal situation. I think everybody can clearly see...they're doing it and it's coming to fruition...

The Prime Minister’s Media Office: The government succeeded in implementing a constitutional entitlement that had been suspended for 10 years, 18 DEC

The Director of the Prime Minister’s Media Office, Rabie Nader, confirmed today, Monday, that the government succeeded in achieving an important achievement, as it implemented a constitutional entitlement that had been suspended for ten years, while pointing out that the Prime Minister, Muhammad Shiaa Al-Sudani, provided effective implementation of the phrase “one distance.” “From everyone.”

In his blog post on the “X” platform, Nader confirmed that the government today implemented one of its most prominent commitments, related to the executive axis of the ministerial curriculum, which the House of Representatives voted on in the confidence session on October 27, 2022, explaining that this achievement also included procedures. Executive plan for the government program voted on by the Council of Ministers on December 12, 2022.

Nader added that the government was also able to hold the Kirkuk elections, which had been stalled since 2005, pointing out the failure of all previous attempts to achieve this.

He stressed that the importance lies in the Prime Minister’s ability to achieve a balance between political competitors without favoring one party at the expense of the other, noting that this exercise of neutrality occurs for the first time, not only in speech but also in action.

nrttv.com

"RV UPDATE" BY JEFF, 18 DEC

Jeff

Today on Monday Iraq is holding their elections. What does this mean to us? According to Iraq's Central Bank removing corruption is the absolute minimum requirement for Iraq to be eligible to revalue their currency...These are the provincial level elections. It's the second half of the government. They already completed and held all their federal elections in October of last year...These elections are critical to the country to move it forward...

You'll be able to go to 53rd Bank on the east coast [to exchange your dinar]. I've already consulted with them. You'll be able to exchange your foreign currency there and they won't charge you any fees to exchange your foreign currency..

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-samson-goldilocks-jeff-17.html

The reason why there's no news coming out of Iraq is because Iraq is done with everything. They finished everything needed to revalue. They're ready to revalue but they can't and they're not going revalue immediately because they have to clean up corruption. Article: "Al-Halbousi faces 4 criminal charges after the end of his presidency" Boom!... Halabousi is going to be facing 4 criminal charges.

In order for the 2023 budget to be implemented Iraq needed to have publicly posted in the Gazette the budget operating instructions. They never did that. That step never happened... Iraq has not implemented its '23 budget that's why they have to resort to financing salaries and have done so since July...If they had an active budget they would not need to finance.

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-jeff-rayren98-19-nov.html

You're like, why hasn't Iraq revalued? They've gotten everything done?' And they do! Iraq has everything done. They're ready to revalue but they're not going to revalue till they tackle corruption...They have to remove this corruption.

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-rayren98-kaperoni-jeff-18.html