"RV UPDATE" BY KAPERONI, 16 JAN

 Kaperoni 

  there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.

 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

(8/13) RV Timeframe & Political Challenges

Iraq completes three files related to its accession to the World Trade Organization, 16 JAN

Iraq completes three files related to its accession to the World Trade Organization

Today, Monday, the Minister of Commerce, Atheer Al-Ghurairi, announced the completion of three files related to Iraq’s accession to the World Trade Organization, while noting the importance of this step that will make Iraq an influential player in the international economic system.

In a press conference, Al-Ghurairi stressed that the visit of the head of the Kingdom of Saudi Arabia’s mission to the head of the team concerned with Iraq’s accession to the World Trade Organization is a serious signal of Iraq’s commitment to developing its economic relations and improving the business environment.

Al-Ghurairi stressed that the concerned team succeeded in finalizing three files and submitting them for final negotiation and approval, pointing out the importance of Iraq’s accession to the World Trade Organization, which will contribute to improving the business and investment environment in the country.

He noted that Iraq cannot be outside the international economic system, but rather will be a player and influencer in it, and will achieve the fruits of the improvements it is currently making in the business and investment environment.

nrttv.com

"EXCHANGES AND REDEMPTION", 16 JAN

 Exchanges and Redemption:

• Sat. 13 Jan. Gotta Know This at Redemption Center, Dave XRP Lion:https://beforeitsnews.com/alternative/2024/01/new-dave-xrp-lion-gotta-know-this-at-redemption-centre-jan-24-must-watch-trump-news-3805719.html
• The Storm is Upon Us, We Are Not Going Back, XRP Lion: BREAKING! Dave XRP Lion: A Matter of Fact For All Truth Seekers! (video) – American Media Group (amg-news.com)
• Getting the RV Redemption Started: Getting the Process of RV Redemption Started – Inside the Exclusive World of Redemption Centers! – American Media Group (amg-news.com)
• Redemption Center Protocol, XRP Lion: New Ddave XRP Lion – Gotta Know This at Redemption Centre: January 2024 (Must Watch) Trump News | Alternative | Before It’s News (beforeitsnews.com)   https://m.beforeitsnews.com/alternative/2024/01/new-dave-xrp-lion-gotta-know-this-at-redemption-centre-jan-24-must-watch-trump-news-3805719.html

https://dinarchronicles.com/2024/01/15/restored-republic-via-a-gcr-update-as-of-january-15-2024/

iraqi dinar✅Breaking News Iraqi PM Big Announced Today 2024 / Iraqi Dina...

His advisor: Al-Sudani agreed with party leaders on a gradual amendment to the Iraqi constitution, 16 JAN

His advisor: Al-Sudani agreed with party leaders on a gradual amendment to the Iraqi constitution

Baghdad – 964
Hassan Al-Yasiri, advisor to the Prime Minister for Constitutional Affairs, said on Monday that there is a new vision for amending the constitution that includes staying away from issues of political conflict, while noting that it was well received by most political blocs.

Al-Yasiri, in a statement to the official agency, followed by Network 964:
Prime Minister Muhammad Shiaa Al-Sudani adopted the draft amendment to the constitution, especially since it was approved in 2005, and the Iraqi mentality, both at the political and parliamentary levels, and public opinion, differed and included changing many opinions and ideas.

The constitution is not written and is eternal, so it must be amended at a certain stage.

When the constitution was approved, it was required to amend it. In the past, there were two experiments to amend it, the first in 2006 until 2009 and it was called the Constitution Review Committee, but due to severe disagreements at the time, the project was not completed.

The second experience was in the year 2019 under the government of Adel Abdul Mahdi. A project to amend the constitution was adopted by the Presidency of the Republic and the House of Representatives. After the demonstrations took place, the amendments did not see the light of day, and thus the project was stopped for the second time.

What is proposed now differs from the previous two projects, as it includes a different vision and mentality than before, and it completely excludes the idea of ​​amending the articles of the Constitution from Article 1 to Article 44.

We must benefit from previous experiences, as well as emulating the influence of developed countries such as America, Switzerland, Germany, Australia, Spain and Canada, as those countries amended parts of the constitution and not its entirety.

There are critical issues and amending them will lead to political conflict, so they must be avoided.

Amending the constitution must be according to the principle of gradualism within stages, so that the texts agreed upon by everyone on the necessity of amending them are amended, such as Article 76 and the article related to choosing the President of the Republic. It is necessary to specify in an explicit text the meaning of the largest bloc and what is meant by a two-thirds majority of choosing the President of the Republic. What is meant by it? Whether those present or the total number, in addition to redrafting some provisions of the constitution, especially with regard to independent bodies and which entities are not affiliated with a ministry, in addition to reconsidering transitional justice institutions.

This vision was presented to the leaders of the Shiite and Sunni political blocs and received approval, and a movement is underway to present it to the Kurdish political bloc.

964media.com

"RV UPDATE" BY WALKINGSTICK, 16 JAN

 Walkingstick 

 The rate doesn't matter. You're going to trip over you own feet when it finally does float because you're going to be looking for a rate.  Watch the growth of the dinar's value. 

The only thing missing is the lower denoms and the new exchange rate.  Everything else is in position.  

 [Aki - Iraq Bank In US update] 

 AKI:  There are many Iraqi citizens in the United States of American holding 3-zero notes.  It is my job to collect them for the CBI, where they will destroy them.  Our [job] is to turn in the 3-zero notes. 

 WALKINGSTICK: This is huge! 

 AKI:  Agree.  Direct deposit from now on.  No limitations.  Article VIII not only for the citizens but for investors. 

 [Aki - Iraq Bank owner in US update] 

Question:  "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?"

  Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow.  Here in the United States the bank that I am in charge of will be all electronic. 

When you ask about the LDs they are only found in Iraq.  We do not possess them.   Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...The difference is that here in the US I have to do everything electronic where  my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands .

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-walkingstick-13-jan.html

 [Aki - Iraq Bank In US update] 

 There are many Iraqi citizens in the United States of American holding 3-zero notes.  It is my job to collect them for the CBI, where they will destroy them.  Our [job] is to turn in the 3-zero notes.  WALKINGSTICK: This is huge!  AKI:  Agree.  Direct deposit from now on.  No limitations.  Article VIII not only for the citizens but for investors

[Aki - Iraq Bank owner in US update]

 Question:  "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?"  Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow.  Here in the United States the bank that I am in charge of will be all electronic.

When you ask about the LDs they are only found in Iraq.  We do not possess them.   Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands.  

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-walkingstick-11-jan.html