DINAR REVALUATION

Tuesday, December 19, 2023

"RV UPDATE" BY MILITIAMAN, 19 DEC

MILITIAMAN

Article quote: "...Iraq today is at the highest level of foreign receivers in the financial history..." They've made changes to the issue of dealing with foreign currency.

We all know what they have been doing...currency swaps. They've been populating corresponding banks with currency. They didn't say if it's triple zero notes or if it's small category notes but they said they've been populating countries with foreign currency. I think it's pretty exciting

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...

🔥Iraqi Dinar🔥$1 to About $4.81🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY PIMPY, 19 DEC

Pimpy

I get it there are people out there telling you it's going to happen overnight because they have an electric payment system. No, no they're not going to change your exchange rate just because of the electronic payment system. The electronic payment system will help influence it once it's up and fully implemented but it has nothing to do with being reinstated. It'll keep increasing in increments just like I said...

Question: "Is Iraq part of any currency basket?" No...They have not been invited to be part of any currency basket. Iraq is part of the currency basket that makes up the Arab accounting dinar but that's local, regional...There are no other currency baskets, I mean zero, that Iraq is part of at all. Nothing in trade. Nothing in business. Nothing internationally. That don't have stable currency.

IMF expresses optimistim about non-oil financial growth in Iraq, 19 DEC

IMF expresses optimistim about non-oil financial growth in Iraq, 19 DEC

Shafaq News / Staff team of the International Monetary Fund (IMF) led by Jean-Guillaume Poulain met with the Iraqi authorities in Amman, Jordan during Dec 12-17 to discuss recent economic developments and outlook as well as policy plans.

At the end of the mission, Mr. Poulain issued the following statement:

“Against the background of a large fiscal expansion, non-oil GDP is expected to grow by 5 percent in 2023. Continued budget execution should help sustain strong non-oil growth in 2024. However, lower oil production, following the closure of the Iraq-Turkey pipeline and OPEC+ production cuts, will reduce overall GDP growth in 2023 and 2024. Inflation has declined from its January peak and is projected to stabilize in the coming months—helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, passthrough from the exchange rate revaluation, lower international food prices, and normalization of trade finance as compliance to the new anti-money laundering/combating the financing of terrorism (AML/CFT) framework improved.

“The three-year budget approved in June 2023 marked a shift in Iraq’s budgeting practice, envisaged to improve fiscal planning and continue important development projects over the medium term. Despite a late start of budget implementation, the fiscal balance is expected to shift from a large surplus in 2022 to a deficit in 2023. Staff projects that the deficit would widen further in 2024 reflecting the full year impact of recent measures. The large fiscal expansion, including a substantial increase in public hiring and pensions creates permanent spending that will put pressure on public finances over the medium term.

“Ensuring fiscal sustainability, in context of uncertain outlook for oil prices, requires gradually tightening the fiscal policy stance while safeguarding critical infrastructure and social spending needs. This would require mobilizing additional non-oil revenues, containing the large government wage bill, and reforming the pension system. These measures should be supported by moving toward a more targeted social safety net that better protects the vulnerable.

“The mission welcomed the government’s plans to strengthen public financial management including steps towards the establishment of the Treasury Single Account. In this context, the mission reiterated the importance of adhering to the framework for managing government guarantees.

“The CBI has appropriately tightened its monetary policy, including by increasing its policy rate and reserve requirement. The mission welcomed the progress in strengthening the domestic liquidity management framework and encouraged continued efforts to mop up excess liquidity and develop an interbank market to strengthen monetary policy transmission.

“Structural reforms to spur private sector led economic diversification and job creation remains pivotal for sustainable and inclusive growth. Priorities include creating a level playing field for the private sector through banking and electricity sector reforms, reducing distortions in the labor market, and continuing efforts to enhance governance and reduce corruption.

“The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for candid and productive discussions during this mission.”

(IMF Media Office)

https://www.shafaq.com/ar

"RV UPDATE" BY JEFF, 19 DEC

Jeff

Since October of last year [Iraq's Federal elections] they have been setting the economic stage for the rate change... They're done setting the economic stage. They don't have any more economic steps to do. That's why they're finishing the very last step of removing and cleaning up corruption at the second half of the government - The provincial level.

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