"RV UPDATE" BY MARKZ, 6 JAN

 MarkZ 

  [via PDK]  There are some very key meetings going on around the world on Iraq...Around the 12th through the 19th…. The banking side keeps telling me to relax because its done…and we should be able to see it soon. Problem is I don’t know what “soon” means anymore.

 Article quote:  “Today Friday the Central Bank of Iraq revealed measures and decisions to support the Dinar...And maintain its strength against other measures and currencies that will possibly affect the exchange rate..." 

  It makes sense to me that they are forcing Iraq citizens out of the US dollars and using the dinar before they revalue…then you have all them benefit from the revaluation. Plus its part of de-dollarization in general and strengthens the dinar. To me this story is absolutely enormous .

  Question:  We keep hearing that Iraq cannot base the RV on just oil. Other than oil…what did Iraq export under Saddam when the dinar was $ 3.48? 

  MarkZ:  Their economy is far more diversified and robust then it was back then when their dinar value was the highest in the world.  They used to burn off their natural gas and now it’s a huge commodity. Plus their rare and precious minerals in the ground. And their tourist industry visiting all the historic sites. They are located between some of the largest rivers in the region and used to be the breadbasket of the region. They have far more going for them now then they did when their currency was exponentially higher.

Iraqi Dinar Value Very Strong Against The Us Dollar-Iraqi Dinar News Tod...

Allawi: I love Saddam and Muqtada al-Sadr for their courage.. Al-Maliki must apologize and return the money, 6 JAN

Allawi: I love Saddam and Muqtada al-Sadr for their courage.. Al-Maliki must apologize and return the money

Shafaq News/ Former Iraqi Prime Minister Iyad Allawi said that he “loves” former regime president Saddam Hussein and the leader of the Sadrist movement, Muqtada al-Sadr, for their courage, while he called on the head of the State of Law coalition, Nouri al-Maliki, to apologize to the Iraqis and return the money.

Allawi’s speech came in the “First Line” program, which was broadcast by the Saudi MBC channel last night, and was followed by Shafaq News Agency.

Allawi said, “I am not grateful to America for overthrowing Saddam’s regime, because it destroyed the Iraqi state,” adding, “I did not want war, nor the American tank, nor the dissolution of the Iraqi army, nor the de-Baathification, nor political sectarianism.”

When asked by the program presenter about Saddam Hussein, Allawi said, “I love Saddam Hussein because he is brave and bold, and he was loyal to his friends, his party, and his country.”

Regarding former Prime Minister Nouri al-Maliki, Allawi said, “Maliki must return the money and apologize to the Iraqi people for everything he did.”

He continued, “I love Muqtada al-Sadr and his courage, and I ask him to reconsider his approach and those close to him who deal with him, because many of them were not up to the level of responsibility.”

Allawi also called on the former Deputy Prime Minister, Tariq Al-Hashemi, wanted by the Iraqi judiciary, to “apologize to him and Osama Al-Nujaifi, the former Speaker of Parliament.”

He concluded by saying, “I say to Paul Bremer, do not come to Iraq, neither now nor in the future,” adding, “I would prefer Iraq to be ruled by Saddam Hussein than Paul Bremer.”

shafaq.com

"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