"RV UPDATE" BY SANDY INGRAM, 4 JAN

  Sandy Ingram 

 The Iraqi dinar is not on the Forex market, yet.  The Iraqi dinar is an exotic currency, as is the Vietnam dong... Currencies are traded in pairs on the Forex Market.

  The 3 main types... majors, minors and exotics...The more liquid an asset the easier and more efficient it is to turn it back into cash.  Major currency pairs have the highest trading volume... Exotic currencies...are not traded that often.  There is little technical analysis or data available to support trading decisions for exotic currencies...

People have been asking, 'Why is the Iraqi dinar one rate in Iraq and a different rate online...?'  There are two major reasons for the different rates.  1. The Iraqi government imposes strict currency controls to limit the flow of dinars out of the country.  This creates a dual exchange rate system:  Official rate - fixed rate imposed by the Central Bank of Iraq...Market Rate - Freely fluctuating rate is used for private transactions and most imports... 2.  The IQD is not widely traded internationally ...Limited demand for dinars outside Iraq weakens its value on

the international market.  But...they are now saying speculation about a potential revaluation of the Iraqi dinar sometimes influences online prices... Speculation investors, that's us.  We are causing fluctuations in the currency value...

In January 2024 foreign currencies will no longer be allowed inside Iraq and any violations will be criminalized.  The Iraqi dinar will be used for all transitions. 

Why are we seeing reports of a meeting with the IMF in Jordan and a meeting with the Department of the Treasury and the US Federal Reserve in Dubai?  ...The meeting with the IMF had to do with the IMF staff team helping the Iraqi authorities reform the banking system... 

This meeting more than any other tells us Iraq may be preparing to join the global financial network, aka Forex Market...Here's the bottom line.  Iraq has never really been on the Forex market.  These reports IMPLY Iraq is headed in the direction of international currency inclusion while using its own currency for transactions within th country beginning January 1, 2024. 

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-30-dec.html

 

A drone attack on a military base hosting US troops near Erbil in northern Iraq...caused casualties...Iran-backed militants claimed responsibility for the attacks...The attacks occurred on December 25th.

  Inflation...political stability... balance of payment...national debt...recession - each of these seven categories helps determine the currency rate of any country...We want to wish each of you a happy holiday..

Article:  "Iraq links Baghdad US embassy attackers to security services"  

The attacks against US forces have continued.  The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services...

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

Google don’t lie Google knows every thing BY NADER FROM MID EAST

US Military Strike in Baghdad Kills Hezbollah al-Nujaba Commander, 4 JAN

US Military Strike in Baghdad Kills Hezbollah al-Nujaba Commander

On Thursday, January 4, a US military strike in Baghdad resulted in the death of a commander from the pro-Iranian Shiite movement Hezbollah al-Nujaba, a part of the Hashd al-Shaabi, according to the ex-paramilitary force. The US authorities, suspected to be behind the attack, have indicated that the strike was a response to ongoing attacks by Hezbollah al-Nujaba on US forces in Iraq. Another individual was also claimed in the strike that targeted the commander’s vehicle.

US Military Actions in Baghdad

The identity of the commander killed in the strike has not been disclosed as of now. The attack also resulted in seven other members being wounded. This US action comes amid heightened regional tensions, especially after the war between US ally Israel and Iran-backed Hamas militants in the Gaza Strip. Reports suggest that the strike was possibly carried out by a drone.

Previous Attacks and Repercussions

Previously, a US military strike claimed the life of Saleh Arouri, the deputy political head of Hamas, and a key figure in the group’s military wing. Arouri, along with six other Hamas members in Lebanon, was targeted in a strike suspected to have been carried out by a drone. Israel, believed to be responsible for the attack, has seen some of its politicians praising the assassination. Experts have noted that while such targeted assassinations can provide temporary advantages, their impact is often short-lived as new leaders emerge to fill the vacuum.

Ongoing Tensions and Future Implications

The strike signifies the continuation of tensions and military actions between the US and groups in Iraq aligned with Iran. It reflects the complex security dynamicsin the region and the US’s ongoing efforts to counter perceived threats to its forces. The Iraqi armed forces have held the US-led anti-IS coalition responsible for the attack. This incident has led to a surge in attacks against US targets in Syria and Iraq since mid-October, indicating a potential escalation of conflict in the near future.

https://bnnbreaking.com/breaking-news/war/us-military-strike-in-baghdad-kills-hezbollah-al-nujaba-commander/

"RV UPDATE" BY PIMPY, 4 JAN

 Pimpy  

 Question:  "Can you give us more details to some of us who don't quite understand the deletion of the zeros...?"  

Here's where people get pissy because there's an article everybody keeps talking about, the study of the deletion of 3-zeros.  Pay attention to the wording.  It doesn't say anything at all about the exchange rate.  It says clear as day, the deletion of the zeros are to remove the 3-zeros off the currency, the bank note.  Nothing about the rate.  The bank note...It's not complicated...The worst thing that can happen for us is those suckers turn around and delete the zeros and then change the exchange rate...I'm not saying they're going to do that, but it is an option...Most likely they're going to change the exchange rate in increments...

I think you're going to start seeing the dinar go up in increments.  That's just my opinion and my feelings.  As they continue to get their ducks in a row.  Let's hope this happens...

 Question: "When you say, managed float, if it hits Forex tonight and comes out let's call it $0.22...if that thing shot up to $1.00 in 24 hours are they going to try to restrict it?"  

 There has to be more growth.  You would de-stabilize the economy.  They're just now getting on their feet.  The last thing you want to do is drop some huge exchange rate in their laps because it effects all businesses...there's a lot more involved.  I'm not saying it's not going to go up in value.   Obviously...I believe that it's gonna go up in value but I'm not a person that supports...we're gonna get a $3.22 rate.

Evening News with MarkZ, joined by Dr. Scott Young. 01/04/2024

FRANK26…..1-4-24……LET’S BANK ON IT

Jan. 3rd Recorded Program BY DAVE SCHMIDT