DINAR REVALUATION

Thursday, December 28, 2023

Baghdad Mayor Ammar Moussa Kazem confirmed on Thursday that the capital’s metro project will soon come to light under the support of the services government, adding that it will cover about 80% of the city’s areas.

A statement from the Secretariat, a copy of which was received, said that “Kadhim held a meeting at the headquarters of the Baghdad Municipality under his chairmanship and in the presence of the Advisor to the Prime Minister for Transport Affairs, Nasser Al-Asadi, the Undersecretary of the Baghdad Technical Secretariat, the Director General of the Design Department, the Technical Engineering Team of the Secretariat and one of the consulting companies specialized in the field of transport and trains.”

Kazim stressed that “the cabinet session last Tuesday approved the necessary financial allocations to contract with a global consulting company to provide an integrated vision for the implementation of the metro capital Baghdad.”

He added, “The Baghdad Metro project is one of the old projects for which the Baghdad Municipality prepared several studies that did not see the light because of the inability to implement them because it was required to take possession of many land and disburse large funds.”

Kadim continued, “The government of services today, under the management of the Prime Minister, has prepared a new vision for the management of the metro file and we are strongly proceeding to implement it, and very soon the project will see the light to serve the people of the capital.”

Kazim pointed out that “the proposed new areas for the metro will cover up to 80% of the areas of the city of Baghdad, which contributes to addressing traffic jams and meeting the transportation requirements for population complexes and overpopulation areas.”

He added, “The Prime Minister’s adviser for transport affairs confirmed that the metro project is now one of the priorities of the Iraqi government and enjoys personal follow-up by the Prime Minister and is contracting with a specialized advisory body that is the best in the world in the field of trains.”

https://www.nrttv.com/ar/detail3/20693

"STATUS OF THE RV" BY MNT GOAT, 28 DEC

STATUS OF THE RV

I was able to talk to my CBI committee member contact yesterday and I will review the content of our conversation with you today, what was said and why they put the project to delete the zeros on a temporary hold.

So, these past weeks we have read multiple articles on the decline of the dollar against the dinar and the official CBI rate. These articles tell us it won’t be much longer until the dollar issue is resolved. We all asked ourselves if this might be the reason for the delay. So, in my call to Iraq I asked this question.

I was told this is the issue involved in the holdup. This is exactly what they needed to see in the decline of the parallel market rate as it was holding up the final blow to the dollar and to allow them to continue on with the next steps in the process to get to the reinstatement.

I asked how close does the parallel black market rate of the dollar have to get to the official CBI rate of the dollar?

I was not given an exact figure because even my contact did not know. Of course a very close almost exact would certainly be the target, as common sense must prevail in our thinking on this too. But having told this to me, I was also told that it is not long before the decline is completed with the measures as the CBI in now making with agreements with many of Iraq’s trading partners and future trading partners to use their foreign currency in making trade payments in place of the dollar. I was told this is how Iraq used to do business prior to the sanctions.

I was also told that in the coming months, we will witness what was described as a rapid decline in the parallel market, suggesting that it will reach a level close to the official rate soon then at this time an American green light to release the currency reform process to move ahead again will be given. Of course, this is the expectation of my CBI contact and they know much better than I what is really going on in these meetings.

But here is the most interesting news from our standpoint. I was then told that at some point when the parallel market is stabilized to the official CBI, they plan to conduct one more rate change to the program rate, closer to 1000 from 1320 and then monitor it for inflation for a period of time and then if all goes well, initiate the swap-out of the three zero notes for the newer lower denominations. We all should know comes next after this step is completed……hint…hint…

Yet More Proof they need the currency reform first and foremost: (their words not mine)

So, just in this period of news we read, and I quote from one of today’s articles – “The economic expert confirmed, “This fluctuation in the dollar exchange rate means that there is no correct basis for building a strong economy, and there is no better option than building the economy on its correct foundations,” suggesting that “the dollar will rise again in the Iraqi market.” For their part, observers and those interested in economic affairs expressed their interest in the rapid decline in the dollar exchange rate recently, highlighting the impact of the relationship between Iraq and the United States in controlling the price of the dollar as a pressure card used to achieve its policies towards the country.”

Again, this quote from a recent article tells us that there is no correct basis for building a strong economy first and then watching the dinar rise based on it success. What they are telling us is they really need the dinar to be strong and to overcome the dollar, then they can seriously begin to rebuilt “with the correct foundations”. Enough said… WOW! The foundation is in the currency…get it?

So please Kaperoni guru and other idiots, please stop your nonsense in telling your listeners just the opposite and learn what Iraq is going through and how they are doing it to liberate their currency first, then because of these reforms will be able to rebuild Iraq in all aspects of economy and watch it grow.

Many of my blog readers ask me: Why didn’t Iraq just take the needed steps right from the very beginning in January 2023 to put together foreign currency swap deals with other countries to pay for imports. This way they wouldn’t have had to take an entire year to combat the parallel dollar market. To answer this question I must go a bit deep. I hope you don’t mind because I know many of you have limited attention spans.

I will tell you why. It is because since the sanctions, the US has held a strong grip on their economy and remember they still have to authorize the dollar shipments to Iraq to satisfy the demand for the dollar. This is like “blackmail” to get Iraq to go along with them even though they are now out of sanctions. So, in 2022 the US Treasury contracted with a software developer firm to build the “electronic platform”. This new platform was rolled out in January 2023 to audit and monitor the currency auctions. This was the start of serious de-dollarization. But who initiated it? Was it the US or Iraq. It was the U.S. and so Iraq has to follow the lead and cooperate this effort and move at the pace suggested by the US Treasury, who was there to help in the process.

Of course, this process of obtaining dollars is now being moved away from the CBI requesting them from the US Treasury to the private banks requesting dollars through inter-banking practices, as other non-sanctioned countries traditionally already operate under. This is all so very good!

I also need to point out, as told to us in one of the recent articles in today’s news, is that the government did not spend the budget in 2023 so that it would not be exploited in the local elections by parties and candidates at the time. In 2024 Iraq is calling on the government to start spending the budget more than it was spending in 2023 in order to be a facilitating factor for the market and exchange rate to stabilize.

So, there are many forces working against the parallel black market and will only help to stabilize the dinar official rate yet more. These forces will prevent not only large fluctuations of the dinar against the official CBI rate but also to bring the rate to a stable point to the official CBI rate. I will recap these points of these many factors they are now using:

1.Emphasising the dinar as the “National Currency” and will be the only currency used in country. There will be only one currency in Iraq and it is the Iraqi dinar;

2.Banks allowed now to import cash blocks of foreign currencies;

3.In addition to the recent measures and the consensus with the US Federal to agree to deal with the Turkey lira, UAE dirham, the euro, the Chinese yuan and the Indian ruppe, all contribute to reducing the exchange rate.”

4.We are told the dollar exchange rate will stabilize with the broader launch of the budget in 2024;

5.Banks will be forced to support the industrial initiative, which will gradually work on some industries to become their production internally to reduce the demand for the dollar as they produce in country goods for foreign trade.

6. Iraq must deal with a “basket of currencies” in addition to the dollar gradually so that it is not governed by federal instructions in addition to reducing imports.

See #3 and 6: I believe this is not “the basket” of currencies I talked about many times already to re-peg with the dinar when it goes live on FOREX. These currencies are just temporary pseudo-pegs like currencies being used to gradually get off the dollar more and more when dealing in trade with other countries. So, there is yet another major step to take to get where they need to go globally and that too is coming. Remember “first things first”!

So, we can see what is slowly happening is that Iraq is moving back to a normalcy of their financial system an international normalcy. It takes much more than just putting in place the banking reforms, the means and the mechanisms to do it as we have witnessed over the past years. But now they are actually doing it. It may be slow but remember they are still under the strong arm of the US Treasury on this matter too and are working very closely with them at their pace. In many ways this is good as we want the US to support this process when it comes time to give the “green light”. This is why so many visits by the US Treasury to Iraq, Get it?

We all must stay diligent as it is our savior Jesus who is working to bring all these amazing events that we see taking place and will see in 2024. Remember too I told everyone years ago that the RV and Reinstatement would be coordinated with the ousting of bad politicians in the US Government. In the past they where influential in holding up the process for reasons I will not get into now… it’s called corruption. But now they know their days are numbered and the slaughter and ousting of the party members in politics will happen in the next election. So, the Biden administration gave directions to the US Treasury to now move ahead at rapid pace to move the currency reform process ahead so they can release these SKR’s (frozen bank accounts) from the 2012 and 2013 early exchanges. Remember these illegal exchanges? They are now desperate. They also need the money to campaign in the last stages of the 2024 election year in the U.S. So, yes we are in a very good position.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

🔥Iraqi Dinar🔥Crunch Time🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY BEARDED PATRIOT, 28 DEC

Bearded Patriot

Family: All I can say is that the 1st of January is supposed to be the final turning point to our new life and blessings for our country. From that date, our notifications could be imminent.

I’m sorry that I can’t be more specific than this , but it seems that everyone’s intel and information that I gather is all over the spectrum.

Iraq COMPLETELY dropping the US Dollar is a major accomplishment, but they must revalue their dinar in order to move forward on their plans and commitments for their future.

Iran and Russia plan to trade in local currency instead of dollars, 28 DEC

Iran and Russia plan to trade in local currency instead of dollars

Economy News-Follow-up

Iranian state media reported that Iran and Russia have reached an agreement on trade in their local currencies instead of the US dollar.

She added that the agreement was signed during a meeting between the governors of the central banks of the two countries in Russia.

Both Iran and Russia are under U.S. sanctions.

"Banks and economic actors can now use infrastructures including internal interbank banking systems, without having to use the Universal Interbank Financial Communication Association (SWIFT) system to deal in local currencies," the media said.

Members of the Russian-led Eurasian Economic Union signed a full free trade agreement with Iran on December 25.

Iran's importance to the Kremlin has grown after Western sanctions imposed on Moscow over Moscow's conflict in Ukraine limited Russia's foreign trade routes and forced it to seek markets outside Europe.

Iranian authorities have stated that military cooperation with Russia is expanding. Iran said in November it had finalized arrangements for Su-35 fighter jets, Mi-28 attack helicopters and Yak-130 military training aircraft from Russia.

ANALYSIS OF IRAQ NEWS BY MNT GOAT: THE DOLLAR IS FALLING IN IRAQ, AND THE BATTLE TO TAME IT IS NEARING AN END, 28 DEC

THE DOLLAR IS FALLING IN IRAQ, AND THE BATTLE TO TAME IT IS NEARING AN END

The local market has witnessed a gradual decline in the dollar exchange rate recently in a way that observers described as a rapid decline, suggesting that it will reach a level close to the official rate in light of the central bank and government measures with an American green light to release payments of savings at the Federal Reserve.

At the beginning of this week, the US Ambassador to Iraq, Alenia Romanski, announced that her country would continue to provide US dollar services to Iraq, as she told me in her tweet that “the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States continues its cooperation with the Central Bank of Iraq, and many banks Iraq has formed relationships with international banks for the first time, which is a positive step in making progress in reforming the banking sector, and we will continue to provide US dollar services to Iraq in the interest of economic stability.”