"RV UPDATE" BY KAPERONI, 11 JAN

 Kaperoni 

 There is no significant RV of the Iraqi dinar.  And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy.  There are no shortcuts.

  Article:   "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."

 If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.

I hope each and every one of you find success in this investment...It may take time.  It may  be another 1 to 5 years.  I certainly hope not but I believe things could happen quickly over the next 36 to 48 months.  It all depends on Iraq.  

 ...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq.  And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance.

 A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate.  Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.  When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.   Now Iraq is on the clock to accomplish such.

There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. 

 Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.

    A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-10-dec_0650267841.html

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

Iraqi Dinar ERA New Exchange Rate Fixed Finally-Iraqi Dinar News Today-R...

In the document.. The Central Bank addresses banks and announces its readiness to meet the demands of its customers from the dollar, 11 JAN

 In the document.. The Central Bank addresses banks and announces its readiness to meet the demands of its customers from the dollar

 The Central Bank of Iraq addressed, on Thursday, banks’ readiness to meet the requests of their customers from the cash dollar according to the controls it announced previously.

I’m Electronic Blackmail In Iraq. Daily Crimes And A Law Of Its Age Of Decades

https://alforatnews.iq/news/بالوثيقة-البنك-المركزي-يعلن-عن-استعداده-لتلبية-طلبات-زبائنها-من-الدولار-النقدي

"RV UPDATE" BY MARKZ, 11 JAN

 MarkZ  

 [via PDK]   Some of my contractor contacts are back in Iraq now after the holidays and they are hearing very positive things for this month. Their expectations are running extremely high right now.

 Question:  I am hearing dinar $3.81 and dong .47…is that what you are hearing ?  MarkZ:   That’s not what I am hearing but I would be ok with it. That would still be fantastic.  But I am hearing higher rates than that.

Iraqs stock market is up 90% in valuation based on the US dollar…and they continuously talk about the exchange rate and what their market is going to look like after a change in the exchange rate. They are telling us its coming and that they will address it in their first parliamentary session.  And that session has just started. Positive stuff.

Evening News with MarkZ. 01/11/2024

Thursday Evening News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Mod:  HELLO EVERYONE! HOPE YOU ALL HAD A GOOD DAY!

Member: Is everyone as tired of waiting as I am? Hoping Mark has good RV news tonight.

Member: Rumor is Iraq going international on Monday?

Member: I just bought champagne! I'm ready!!!

MZ: There has been some incredible chatter, gossip and rumors today. Group contacts have erupted through the day. There are great expectations of last minute changes to compliance over this weekend and our notifications early next week. Will it happen? We don’t know yet.

MZ: Other contacts are saying the same thing …one contact has planted misinformation in the past ….so I’m not sure if its misinformation now or not. 

MZ: But you are probably seeing it all over the boards already- the chatter is notifications early next week. Just cross your fingers and hope it’s accurate. I’m kinda excited but going to stay grounded.

MZ: “Deputy: Parliament intends to introduce 4 strategic laws in the coming days” 

MZ:  From Iraqi news:  “The Central Bank of Russia issued into circulation the new bank note denomination of 5000 rubles with the offer that the old issue of the same denomination will still be valid. “  Same thing here in the US….if they issue a new $5 bill…the old ones will still be accepted but the new ones have better security features. With the increasing value of the ruble they felt it was important to modernize their bills. 

Member: Mark, do you think there will be a "window" for exchange, weeks, months?

Member: Mark always said we should get 10 days to make appointments and 30 days to exchange. 

Member: Bank story today: Went in to pay a bill and they brought out 2 stacks of old bills. I asked if they had the new bills ready to go and the teller smiled real big and said “yes”.

Member: I wonder exactly what the RV delay is???

Member: I believe we are waiting on the U.S. Treasury to tell us we can go forward with the RV.

Member:  May we all be charitable and humble though our blessings!

Member: Thank you all……see you folks in the AM for coffee. 

Please listen to the replay for all the information from any guests on this podcast

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Iraqi dinar Green Light from Treasury the Final Step for Iraq's Economic...

Al-Sudani chairs meeting to discuss Ernst & Young proposed plan, 11 JAN

 Al-Sudani chairs meeting to discuss Ernst & Young proposed plan

Shafaq News / Iraqi Prime Minister, Mohammed Shia Al-Sudani, discussed the restructuring plan presented by Ernst & Young company for Rafidain Banks, emphasizing the need for the plan to be practical and not a reproduction of previous experiences. 

The meeting was chaired by Al-Sudani included representatives from Ernst & Young, the Minister of Finance, the Governor of the Central Bank of Iraq, and economic advisors to the Prime Minister, as stated in a press release. 

During the meeting, the initial draft of the company’s plan to organize and restructure Rafidain Bank was discussed. According to the statement, this aligns with the government’s direction to reform the banking and financial sector. Several observations were recorded on the draft plan with the aim of modifying it before proceeding with its implementation. 

Al-Sudani stressed the importance of the plan being practical and not a replication of past experiences, ensuring it achieves the intended goals. He expressed the government’s readiness to provide all necessary facilitations for the successful implementation of the transformation and restructuring, a crucial part of the government’s program for financial and banking reform. 

The Iraqi Prime Minister emphasized the urgency of swift implementation to ensure the success of the required plan and achieve tangible progress within the framework of economic reform.

https://www.faceiraq.org/mobile/#google_vignette