"RV UPDATE" BY MNT GOAT, 6 JAN

 Mnt Goat 

 The CBI is still closely monitoring the parallel rate...the parallel rate is expected to decline sometime in early January and at least match the CBI “official” rate. At that time the CBI will revalue the “official” rate to much closer to if not at 1000. Then again drive the parallel market to match it. This may take some time but I am being told they are talking weeks and not months... my CBI contact tells me we are almost here now and with the opening and spending of the 2024 budget and currency swaps with other neighboring countries for trade, it should finally break the parallel market and end it.

So, 2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000. 

This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable. Currently there are still too many wide swings too often. It’s all very good signs but now there yet.   

My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want. 

We need to keep our eyes on the CBI “official” rate.

When this rate drops again, I was told they will move ahead on the project to delete the zeros. They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year.

https://dinarevaluation.blogspot.com/2024/01/we-need-to-keep-our-eyes-on-cbi.html

Iraqi Dinar News TODAY IRAQI XRP, Budget, Salaries, Oil, Annual Report

KRG delegation to visit Baghdad budget discussions, 6 JAN

KRG delegation to visit Baghdad budget discussions

Kurdistan KRG Baghdad Iraq

ERBIL (Kurdistan24) – A Kurdistan Regional Government (KRG) delegation is set to visit Baghdad on Saturday afternoon to continue its discussions on the financial issues between Erbil and the federal government, Kurdistan24 has learned.

The delegation is headed by KRG Minister of Finance and Economy Awat Sheik Janab and will stay in the Iraqi capital for a few days.

The Kurdish share in the federal budget as well as amending the three-year budget are part of the meetings’ agenda along with the hydrocarbon bill that is currently being prepared by the federal government.

The upcoming delegation is the first of its kind in 2024.

Although the Kurdish region has transferred the agreed-upon amount, Baghdad has paid far less than what it had initially committed itself to, according to KRG officials.

Since its adoption in early June, KRG diplomats have alleged the budget has not been implemented properly by the government. Instead of paying the Kurdish share, they allege Baghdad has released allowances to Erbil to cover public salaries. The KRG has previously said the 500 billion dinars (over $384 million) provided by Baghdad thus far is not sufficient to pay the salaries.

Hailed as one of the country’s biggest budgets, the state expenditures were set at 198.91 trillion Iraqi dinars ($153 billion), with a deficit of more than 64 trillion dinars (over $48 billion).

The Kurdistan Region’s share in the federal budget is set at 12.67 percent, amounting to more than $12 billion annually.

The management of oil and gas has been among the thorny issues between Erbil and Baghdad for over a decade, leading to the suspension of the Region’s share in previous federal budgets.

kurdistan24.net

"RV UPDATE" BY WOLVERINE, 6 JAN

 Bearded PatriotUSA

Telegram post
1/5/23

Wolvie’s msg… 

We’re ready, we’re almost there… everything is good… Mauricio is MIA (good thing)…movement in Reno…no clue bout Zurich…things happening in Hong Kong…get ready we are that close…we Patriots will not STOP!!!

https://t.me/Bearded_PatriotsUSA/11367

Iraqi dinar Floating Towards Prosperity All Systems Ready for 2024 Launch

"RV UPDATE" BY FRANK26, 6 JAN

 Frank26  

 Article: "Dollar exchange rates in local markets recorded a decline today...this list"  The dollar exchange rate is dropping like an anvil in the middle of the pacific ocean.

  We are in the waiting phase.   Simply in a waiting phase.  That's all.   There isn't, this needs to be done, that needs to be done, That T crossed, That I dotted.  No.  We are in a waiting phase.

 Question: "When the rate is changed IYO will the Iraqi citizens be exchanging their 3-zero notes in country before the rate is on Forex?"  Iraqi citizens don't care about Forex.  You care about Forex.  Because that's one of the vehicles/platforms that's going to float the currency and go up in value internationally.  But inside a dinar is a dinar.  Whatever the rate is that they establish, it could be $0.10, it could be a $1.00...that is what they will use inside of their country not outside.  

Biden informs Congress to bomb Baghdad: An authentic right to defend America, 6 JAN

Biden informs Congress to bomb Baghdad: An authentic right to defend America

Shafaq News / US President Joe Biden, on Saturday, informed Congress the details of the strike carried out by the army in Baghdad last Thursday, which resulted in the killing of Mushtaq Taleb Al-Saidi, the assistant commander of the Baghdad Belt of operations in the Popular Mobilization, nicknamed “Abu Taqwa”, in a development that may have an impact on the relationship between Washington and Baghdad.

In a letter to the Speaker of the House, Biden said his decision to launch a military strike in Iraq came “as part of his responsibility to protect U.S. citizens,” stressing a willingness to “take further action, as necessary, to address further threats or attacks.”

“I have directed this military action consistent with my responsibility to protect U.S. citizens at home and abroad, and to promote national security, and his external interests, in accordance with my constitutional authority as Commander-in-Chief of the Armed Forces, and as President of the country,” the letter said.

He added that his country “has taken this necessary and proportionate measure in accordance with international law,” considering that the United States “has exercised its inherent right to self-defence, as stipulated in Article 51 of the UN Charter.”

https://shafaq.com/ar/سیاسة/بايدن-يبلغ-الكونغرس-بقصف-بغداد-حق-صيل-للدفاع-عن-مريكا