DINAR REVALUATION

Saturday, January 20, 2024

"RV UPDATE" BY PIMPY, 20 JAN

Pimpy

IMO they'll go up in increments. One of the things Iraq needs to really start working on is non oil revenue...A lot of [construction] projects started in 2023, a huge chunk of them start in 2024.

The deadlines are between the end of this year stretching out all the way to 2028 with the bulk of them having a deadline of 2025. This is a lot of job opportunities. This is a lot of infrastructure being done. This is a huge change in Iraq. All of this strengthens their economy and...strengthen the use of the Iraq dinar...

This is not small by any stretch of the imagination...When Sudani said 2024 was going to be the time Iraq was going to change, this is what he's talking about. This is huge...This is what I'm focused on. There are hundreds and hundreds and hundreds of projects starting in Iraq..

"DINAR AGREEMENT REACHED" BY WOLVERINE, 20 JAN

Truth Warriors

Telegram
1/18/24

Forwarded from Wolverine:

From Wolverine! All documents have signed with Iraq for the revaluation.

“DINAR AGREEMENT Reached.

It is reported in Iraq that everything is ready and agreed with the United States Treasury for the Revaluation of the DINAR currency.

All documentation was studied and agreed upon between the government of IRAQ and the US.

The documentation was delivered on Mon. 11 Sept. 2023, to the United States Treasury for prompt signature.

Today is a very happy day for IRAQ and the world.”

=======================================

Iraq Dinar Construction Projects

"RV UPDATE" BY WOLVERINE VIA TELEGRAM, 2O JAN

Truth Warriors

Telegram
1/18/24

Forwarded from Wolverine:

Hello, they told me that a leader wrote a short statement to his group that says:

“Enjoy the last 72 hours of poverty that you all have left”

____________________https://dinarchronicles.com/2024/01/19/all-documents-signed-rv-gcr-updates-from-wolverine-via-truth-warriors-1-18-24

"RV UPDATE" BY PAULETTE, 20 JAN

Paulette

The CBI has clearly stated to the Citizens that they should not fear the implementation of the Delete the Zeros Project as they plan to do it in a manner to minimize confusion and the 3 zero series currency will co-exist for a period of 2 years in the marketplace and up to ten years through the Banks.

Saleh told us early in last year that they must bring the parallel market rate to the "Required Two Percent". This is part of the IMF requirement for full compliance with Article VIII. Based on what he said recently, it appears the target is 1350 or less in spite of 2% being 1346.4.

I am only watching the Market Rate at this time. It has decreased slightly since Wednesday and as of today is 1540 in Baghdad and 1530 in Kurdistan. Saleh said 1350 (135,000 to $100) soon. Hopefully soon is weeks and not months. IMSO, if they would RD, show the RV as just over a USD, they would get the Market Rate within the Required 2% very quick so they can RI. Perhaps that is the plan.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-paulette-14-jan.html

An “Exciting” Statement By Al-Sudani: How Will Iraq Double Its Non-Oil Revenues By 200% In Just Two Years?, 20 JAN

An “Exciting” Statement By Al-Sudani: How Will Iraq Double Its Non-Oil Revenues By 200% In Just Two Years?

Politics/Economy |Today Baghdad today – Baghdad Prime Minister Muhammad Shiaa Al-Sudani revealed today, Thursday (January 18, 2024), during a discussion session at the World Economic Forum in Davos, that Iraq has set a goal in a three-year budget to reduce dependence on oil revenues from 95 percent to 80 percent.

Achieving Al-Sudani’s statement requires raising non-oil revenues by 200% within just two years, which are the remaining two years of the tripartite budget, according to a digital analysis of the economic section in the “Baghdad Al-Youm” newsroom, amid questions about how to achieve this.

As of the end of November, Iraq had achieved revenues amounting to more than 121 trillion dinars, of which oil revenues amounted to more than 112.6 trillion dinars, while non-oil revenues amounted to more than 8.5 trillion dinars, which means that the percentage of non-oil revenues constituted about 7% of the total. Revenues.

For oil revenues to be 80% of total revenues, non-oil revenues must be more than 24 trillion dinars, which means doubling them by about 200% from their current number.

The Ministry of Finance’s accounts show that the bulk of non-oil revenues came from taxes on income and wealth, amounting to more than 4.3 trillion dinars, which raises questions about how the government will raise non-oil revenues and whether it will impose certain taxes, which will consequently reduce the percentage Reliance on oil revenues. LINK