DINAR REVALUATION

Sunday, January 21, 2024

The Suppressed Value of the Iraqi Dinar | Iraq's Gold Reserves and Oil Boom

Once again...resubmitting the oil and gas law to the discussion table of Parliament and the government, 21 JAN

Once again...resubmitting the oil and gas law to the discussion table of Parliament and the government

The representative of the Patriotic Union of Kurdistan bloc, Sarwa Muhammad Rashid, stressed on Saturday the need to expedite sending the draft oil and gas law, while confirming that the law is on the table of government and parliamentary discussions.

Zanganeh said in an interview with the Maalouma Agency, “The discussions of the region and the center during the last period focused on finding a road map through legislation of the oil and gas law, as it ends the outstanding crisis between the federal government and the Kurdistan region.”

She added that "passing the oil and gas law will eliminate all outstanding problems between the federal government and the Kurdistan region," noting that "after several months passed during the stages of writing the oil and gas law, it was not sent to Parliament for discussion."

She continued, “Parliament is waiting for the legislation of this law until it ends the issue of how to export oil or invest gas in the coming stages.”

The former member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, confirmed to Al-Maalouma that passing the oil and gas law requires consensus among the large blocs that have a majority within the House of Representatives. link

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 21 JAN

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: Banking news today on Channel One for the first time ever they're telling us our bank in Iraq have recorded assets over 200 trillion dollars. News says accounts are up all over the place.

FRANK: I kept telling you, you have no idea how much they have to back up their currency. That's just assets. You also have futures in the ground, contracts that have been signed, supply and demand of the basket...I get the chills thinking about the power of this nation.

FIREFLY: House of Representatives is talking today about what is needed in the final steps of the WTO. We are part of it now. They've told us this. Iraq can perform global trades. They're talking about this how it's needed for our monetary reform.

FIREFLY: Television showing Sudani in Davos. He's sitting right next to JP Morgan. A representative on the news showing they are ready to open three more branches here in Iraq with private Iraqi banks ...

FRANK: JP Morgan...knows what's going on and they know that a new exchange rate is coming. The employees of Chase don't know anything but the Chief Executive Officer of Chase, Dimon obviously does know and is making an amazing statement in these articles...

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_01148081935.html

FIREFLY: There are many reports coming out today from Sudani people indirectly through the CBI telling us the amount of corruption here in Iraq is still staggering. They are finding ways to seal our currency...

FRANK: It is extremely hard for you guys to deal with your currency when...the currency you do have is being stolen.

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY,7 JAN

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate.

FRANK: I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January.

FIREFLY: Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.

FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country.

Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.

FIREFLY: The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate. They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days.

FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…

FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate. Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar… They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now. But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani. That’s all there is to it.

The black market rate will no longer be…The black market rate is the American dollar. The CBI wants the official rate 1310 to match the dollar rate. That means the currency of Iraq is too low… Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…

Question:
“Can any country RV their currency whenever they want?”

Yeah but they have to go through the IMF. That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate. There is a systematic way of doing it. They’re called international banking laws.

https://dinarevaluation.blogspot.com/2023/12/iraq-boots-on-ground-report-by-firefly_01972846250.html

FIREFLY: Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.

https://dinarevaluation.blogspot.com/2023/12/iraq-boots-on-ground-report-by-firefly_01674963871.html

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_0438032821.html

Dinar RV News Today🔥IMF Hails Iraq's Financial Overhaul🔥Is The Dinar On ...

The Baghdad Dollar Stabilizes Near 152 Thousand... A List Of 8 Governorates With Saturday Transactions, 21 JAN

The Baghdad Dollar Stabilizes Near 152 Thousand... A List Of 8 Governorates With Saturday Transactions

Economy | Baghdad today - Baghdad Today, Saturday (January 20, 2024), exchange rates recorded a slight decline in the local markets in Baghdad and the governorates. The "Baghdad Today" correspondent said, "The dollar exchange rates today, in the capital, Baghdad, reached 152,200 dinars for every 100 dollars."

While the exchange rates in other governorates were according to the list listed below:

Basra = $100 152,200 Erbil = $100 152,000 Kirkuk = $100 152,250 Sulaymaniyah = $100 152,100

Dohuk = $100 152,000 Najaf = $100 152,250 Mosul = $100 152,000 LINK

"RV UPDATE" BY FNU LNU, 21 JAN

Fnu Lnu

A "small increase" will do nothing to jump-start their economy. They need big bucks in a hurry as they must import almost everything at this point but soon will be a powerhouse in the middle east.

[Response to Pimpy's 1-15-2024 post below]

Iraq has more oil than Kuwait. They also have a huge, top of the ground, gold deposit...Iraq has a very large gas supply which would add nearly 3 billion cubic feet a day (bcf/d) – around 517,000 barrels of oil equivalent per day. This will fuel gas powered electricity production. This will eliminate Iran from the equation and they would lose their grip on Iraq.

There are several plans afoot... Iraq recently held a two day event looking for foreign investment to develop their mineral resources.

During the event, Minister of Industry and Minerals Kahlid Battal Najam offered investors long-term partnership opportunities in a long list of state-linked phosphate, nitrogen, Sulphur, fertilizer and glass production projects. No, Iraq is not short of means of diversification. These examples just scratch the surface.

https://dinarevaluation.blogspot.com/2024/01/complete-response-of-fnu-lnu-to-pimpys.html