DINAR REVALUATION

Tuesday, January 2, 2024

"RV UPDATE" BY PIMPY, 2 JAN

Pimpy

Here's the thing that everybody is missing. Article: "Government adviser announces entry into force of 2024 budget" Quote: "...the exchange rule 12/1 does not currently exist under the Financial Management Law No. 6 of 2019, as amended until the beginning of 2026." What is Iraq's exchange rule 12/1? ...The 12/1 rule refers to the rate at which the Iraqi dinar is exchanged with the US dollar. 12 Iraqi dinars for every 1 US dollar...Over time the 12/1 rule has been revised several times...1160...in 2003...1170...in 2006...It looks to me like they're trying to say the exchange rate will change in the beginning of 2026. [Post 1 of 2...stay tuned]

Community comment: "They can change the rate anytime they want..." They can change it anytime they want. They have the ability to do that. The reason why you do it at the beginning of the year is because then you have the whole entire year you need to plan for. If. They're going to make any changes to the budget it's definitely going to be around the first of the year...

Article: "The central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday" As we all know...Iraq decided to de-dollarize. They're no longer going to use the dollar. Quote: "Central Bank of Iraq specified the parties covered by obtaining their foreign transfers and cash and dollar currency starting from January 2nd..." They are definitely going to drastically reduce the use of the US dollar.

Evening News with MarkZ. 01/02/2024

Iraqi Dinar🔥Time For New Exchange Rates Adjustment Today 2024🔥iraqi dina...

The Sudanese advisor clarifies a basic condition for amending the tripartite general budget, 2 JAN

The Sudanese advisor clarifies a basic condition for amending the tripartite general budget

The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Tuesday, that the federal government has the right to amend some variables in the tripartite general budget if necessary.

Saleh told {Al-Furat News} that: “If the executive authority finds a basic need to amend some variables in the current tripartite general budget, the House of Representatives can be approached for the purpose of obtaining a legislative decision regarding the amendment requested by the executive authority.”
Saleh added, “An amendment can then be made to some paragraphs of the legally approved budget if so desired.”
It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani announced that the government would continue efforts to amend the budget law. In order to separate the salaries file from any complications surrounding the financial files between the federal government and the Kurdistan Regional Government of Iraq.

From: Raghad Dahham
https://alforatnews.iq/news/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D9%88%D8%B6%D8%AD-%D8%B4%D8%B1%D8%B7%D8%A7%D9%8B-%D8%A3%D8%B3%D8%A7%D8%B3%D9%8A%D8%A7%D9%8B-%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D8%A9

FRANK26……1-2-24……AKI GOT HIS ORDERS

"RV UPDATE" BY FRANK26, 2 JAN

Frank26

The monetary reform is successful. All they need to do now is give them the new exchange rate and the new currency that they've been talking to them about. It's successful. That's why everybody's signing contracts left and right and pouring into Iraq...You honestly think the contracts are being signed at a program rate? Of course not..

The next step IMO is the new exchange rate and the introduction of the lower denoms to your hands to you Iraqi citizens. Not to the world because the world will never use the lower denoms only you inside of your country [Iraq] will use them...This thing can pop at any moment and the baby is crowning.

Question: "Is there a chance de-dollariztion could be delayed...and they keep using the dollar? No, no, no no no...You can't change the speed of light.