Tuesday, January 16, 2024
"RV UPDATE 'BY PIMPY, 17 JAN
Pimpy
No, it's not going to be reinstated at $3.22 rate. This is something that's going to be done in increments. There's either going to be an adjustment up or down. We don't know yet so don't get overly excited...
Why is it that the Iraqi dinar is unstable? That is because they rely too much on oil sales. 95% of their budget relies on oil sales. There's too many people out there going, they got so much oil there's no reason why their currency isn't valuable. No, you don't understand. That's the problem. Article quote "The CBI devalued the notation currency in December 2020 amid a sever drop in global crude prices which threatened economic collapse given Iraq's heavy dependence on oil exports..." If it wasn't for the fact that they devalued the Iraqi dinar they would have collapsed...
Article: "Iraq and 4 Arab countries have more than 1 million tons of global gold reserves" Why do they have so much gold? Because you need that to strengthen your own local currency. Gold is way more liquid than anything else. If you want to make sure the currency stays strong you want to have tons of gold as well as foreign reserve assets in your holding.
Iraq's minimum exchange rate needs to be in order for them to be compliant with the IMF - Take the SDR $1.33 minus 2%...Iraq has to be at an exchange rate at a minimum in order to be in compliant with the IMF...$1.28...
Stop falling for that crap that there's no way Iraq can get all these major projects that they have listed in their budget unless they change the exchange rate. That's false. It's already accounted for. The budget is already created with the proper amount of money set aside for these projects. It's just done in Iraqi dinars with the current exchange rate.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-pimpy-15-jan.html
Turkey Works with Iraq to Foster Understanding of PKK Threat, 16 JAN
Turkey Works with Iraq to Foster Understanding of PKK Threat
The Turkish Foreign Minister has disclosed ongoing consultations with the Iraqi administration, aimed at fostering an evolved understanding of the Kurdistan Workers’ Party (PKK), a group Ankara regards as a terrorist organization. This initiative forms part of Turkey’s broader strategy to counteract the PKK, a group that has locked horns with the Turkish state in a protracted struggle for autonomy and enhanced rights for the Kurdish population in the region.
Understanding the PKK Threat
The PKK has long been at loggerheads with Turkey, waging an armed struggle for Kurdish autonomy and greater rights. This conflict has strained Turkey’s relationships with regional and international powers, including the United States and Israel, further complicating the geopolitical landscape. The PKK’s recent attack in northern Iraq has amplified concerns, prompting the Turkish government’s swift response.
Cooperation: The Way Forward
Recognizing the need for collective action, Turkey is engaging with neighboring countries like Iraq, seeking to isolate the PKK and curb its activities in the region. This international cooperation is critical in addressing the growing security concerns pertaining to the PKK. These consultations, as highlighted by the Turkish Foreign Minister’s statement, indicate a commitment from Turkey to work closely with Iraq to tackle the PKK issue.
A Broader Strategy
Alongside these consultations, the Turkish government has also launched airstrikes targeting PKK/YPG terror cells in northern Iraq and Syria. This is in direct response to recent attacks on Turkish soldiers and is a clear indication of Turkey’s proactive stance against the PKK. This multifaceted approach underscores the complexities of the issue and the lengths to which the Turkish government is willing to go to ensure security and stability in the region.
"RV UPDATE" BY GOLDILOCKS, 16 JAN
GOLDILOCKS
This is what happens to a currency when price pressures start to reveal themselves.
~~~~~~~~~~
Iraq is now in mainstream Traditional Banking and transitioning into a digital economy at the same time.
We will be watching both the digital economy and traditional banking system mechanisms join together through Quantum Technological networks going forward.
New prices will emerge from each of these areas of utility for the Iraqi dinar and form even Newer price patterns because of the gold that will be sprinkled into it through Basel 3.
© Goldilocks
~~~~~~~~~~
Iraqi Banking Announcement:
Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms. https://cbi.iq/news/view/2502
Al-Saadi directs a request to the President of the Republic regarding Romanowski and warns, 16 JAN
Al-Saadi directs a request to the President of the Republic regarding Romanowski and warns
Monday, a member of the House of Representatives, Saud Al-Saadi, sent a request to the Presidency of the Republic regarding the American ambassador to Iraq, while warning of the continued targeting of the leaders of the Popular Mobilization Forces.
Al-Saadi said, in an interview with Al-Maalouma, that “The President of the Republic is required, according to the Constitution and in accordance with the provisions of Articles 1, 9, and 67, to expel the American ambassador to Iraq, in accordance with the constitutional powers granted to him, especially Article 73 of the Iraqi Constitution, after the continued American bombing of the headquarters of the security forces.”
He added, “These attacks are a blatant violation that cannot be tolerated, as they may lead to the continuation of a series of repeated targeting of the leaders of the Popular Mobilization Forces, which is witnessing successive American operations to attack them one after another, in light of the government and parliamentary silence.”
The member of the House of Representatives explained, “These repeated American attacks must be confronted with real reactions from government and parliamentary bodies, and the implementation of the 2020 resolution should proceed.”
Earlier, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to implement the decision to end the foreign presence in Iraq, indicating that the House of Representatives’ decision to end the presence of foreign forces in Iraq is a principled and firm decision.
Most of the Iraqi political forces issued their support for the Prime Minister regarding the steps to remove American forces from Iraq after a series of attacks against the Iraqi security forces.
burathanews.com
"RV UPDATE" BY GOLDILOCKS, 16 JAN
GOLDILOCKS
The old Financial System. If you know how to play Monopoly, you will know the financial system we are moving out of is one that gets too expensive for anyone to live in and the winner is the one that owns it all and no one else does.
~~~~~~~~~~
Global payment technology provider Opus Technologies has launched FinGeniusAI Solutions, an open innovation platform aimed at fostering the adoption of AI-based solutions in the banking and payments industry.
OpusTechGlobal Link
~~~~~~~~~~
“World Economic Forum Annual Meeting
DAVOS-KLOSTERS, SWITZERLAND
15–19 January 2024″ | AA Link
~~~~~~~~~~
Supply and demand are becoming issues for Iraq as they have moved on to the International stage. This move has created fluctuations on the exchange rate of the Iraqi dinar, and they are currently looking at ways to stabilize their currency through economic tools that will bring them into alignment with other currencies.
This is why they are currently looking at measures of control to stabilize their exchange rate through the process of “deleting the zeros” and withdrawing cash mass from their citizens while transferring these monies to the banking system.
They’re looking at other mechanisms to control the Iraqi dinar through interest rates, of which, we have talked about in this room. Interest rate control allows them to guide the inflow and outflow of the dinar.
Control of their oil supply and other economic factors of trade within Iraq is becoming increasingly evident and unnecessary. The ability for the Government to trade freely on an open market is an emerging theme of realization and of necessity. It will bring more prosperity to their local economy.
These new mechanism changes for Iraq are coming into play, and the emergence of a new economic system is beginning to create price pressures forging new ways of implementing their new economy.
© Goldilocks
https://www.non14.net/public/163518