"RV UPDATE" BY PIMPY, 31 DEC

  Pimpy  

Looks like Iraq has put their ducks in a row.  They're getting ready to start the new year of 2024 doing exactly what they said they were going to do - stop using the US dollar, making sure the Iraqi dinar is stable before they do that.  

Community comment "Pimpy last month said he believed the dinar will revalue in 3 years so I  stopped listening..."  I didn't say it was going to revalue in 3 years.  I said it's going to go up in increments over three years.   Big difference.

You guys keep forgetting they rely way way too much on oil revenues for their budget.  That has got to change before you can really make any major changes to the Iraqi dinar exchange rate.. .

Article:  "Parliament is awaiting the 2024 budget schedules...preparing for major changes in numbers"  Remember I told you if they're going to make any kind of change to the exchange rate it would happen at the end of the year or before the beginning of this next year 2024.  The reason for that is businesses in Iraq have to prepare their budgets...based on what the government in Iraq does...The fact that they're saying they need to reconsider the total revenues and expenditures for the year make me wonder what it is they have up their sleeve.  There's no guarantees that's what's going to happen but if they are going to make a change to the exchange rate this would be the time to do it.

Iraq's Prime Minister Announces Plan to End US Coalition Presence RV on ...

Positive government steps to attract major international traders and companies, 31 DEC

 Positive government steps to attract major international traders and companies

The Federation of Iraqi Chambers of Commerce revealed the existence of positive government steps that will attract major merchants and international companies.

The president of the union, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “Entering the electronic platform to pay taxes has become inevitable, and will be implemented within the time frame set by the General Tax Authority, but there is a major problem represented by small merchants who now represent the majority.

They are forced to... To go to the parallel market,” noting that “there has been an old fear for decades, between the merchant and the government.”

He pointed out that “a positive tax system has been launched, but we need to restore trust between the merchant and the government.”

He added, "The majority of the Iraqi market is made up of small merchants, due to the circumstances that Iraq went through," adding, "The equation will change during the coming period, and large international companies and labels and large merchants will enter the Iraqi market, while small merchants will be shoppers."

He stated that “taxes created a kind of gap and problems for many Iraqis, including the loss of files, the similarity of names, taking deposits without refunding them, calculating the tax twice, and other problems.”

He stressed that “the recent decision by Prime Minister Muhammad Shiaa Al-Sudani will change many of those problems mentioned above, but implementation needs to be strict.”

He pointed out that “Iraq deals with white money with countries around the world, so the issue of the electronic platform is positive, and it is a global step.”LINK

"RV UPDATE" BY FRANK26, 31 DEC

 Frank26 

 Question "Do you think we will be limited to the exchange time?"

 ...They will give you the time  frame.  I'm hoping...they never stop.  Now, Iraq will stop.  They will eventually cancel their 3-zero notes but you'll be told way  in advance.   My only sadness is I hope they don't say you you got 3 months to exchange.  I would love to see the float go into 6  months or a year...If we are stopped then the float is of no value to us any longer...  

This is not an RV like a lot of silly people say.  This is a reinstatement.  It's about the numbers of the reinstatement.  They are talking about the fils...It's blowing my mind all the things they're telling  you...We have landed on the shore of monetary reform.  

IMO because they are telling you so much in such a concentrated amount of time it's because they are in a hurry as January the 1st approaches us...

Iraqi dinar 🔥 Iraqi dinar something happening big in 2024 🔥 Iraqi dinar ...

Kirkuk governor announces forming "Unified Arab Bloc" in Provincial Council, 31 DEC

 Kirkuk governor announces forming "Unified Arab Bloc" in Provincial Council

Shafaq News / The 'Unified Arab Bloc' was announced today, Sunday, in the Kirkuk Provincial Council, comprising the winners of the local elections from the constituent components.

The bloc was formed from three alliances: the 'Arab Alliance,' the 'Leadership Alliance,' and the 'Arabism Alliance.' This was declared by the acting governor of Kirkuk and the head of the 'Arab Alliance,' Rakan Saeed Al-Jubouri, in a statement followed by a video recording in the presence of the winning candidates from the constituency in the recently held Provincial Council elections.

Al-Jubouri stated, 'We announce the formation of the Arab bloc in the Kirkuk Provincial Council to preserve the rights of our voters and achieve peaceful coexistence among all components.'

The results of the local elections in Kirkuk led to the victory of 'Kirkuk, Our Strength, and Will' list, affiliated with the Patriotic Union of Kurdistan, with 5 seats.

The Kurdistan Democratic Party won two seats, the Arab Alliance in Kirkuk secured 3 seats, the Unified Turkmen Front with two seats, the Leadership Alliance with two seats, and the Arabism Alliance with one seat. Additionally, the candidate (Emil Boutros Constantin Ibrahim Agha) won a Christian quota seat.

Kirkuk is one of the disputed territories between Erbil and Baghdad, covered by Article 140 of the constitution. It was previously under joint authority between the Kurdistan Region and the federal government before the referendum for independence conducted by the region in September 2017.

Article 140 aims to reverse the demographic policies implemented by Saddam Hussein's regime in the disputed areas favoring Arabs over Kurds. The article involves taking a census before the final step of holding a referendum, allowing the population to decide whether to join the Kurdistan Region or remain under Baghdad's administration.

The completion of Article 140's implementation was expected by the end of 2007, but security and political issues hindered its progress.

https://shafaq.com/en/Iraq-News/Kirkuk-governor-announces-forming-Unified-Arab-Bloc-in-Provincial-Council

"WE WAIT FOR ISX TO OPEN TUESDAY" BY SHEILA, 31 DEC

 Sheila 

 IMHO... We wait for ISX to open Tuesday... Then Tuesday evening Iraq said they will pay salaries out of budget? Hoping these are clues to going from program rate to international market rate.

Iraq's elections days are 18th and 19th.  Rumor has it they will release the new exchange rate post election...we shall see if that's true or not in the coming days.

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