"RV UPDATE" BY MARKZ, 23 JAN

  MarkZ  

 [via PDK]  Comment:  I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF?   MarkZ:  If you correct the VND back to its old value it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations.

 Question:  Can you clarify who has the authority and final say on the RV of the Iraqi Dinar? 

 MarkZ: It is the US Treasury. But the UST is controlled by the western banking world elites…. 

That’s who has been stalling it. Iraq and BRICS has been doing everything to force them into a corner where they have no choice but to go. That is what we have been watching. It would have gone years ago if it wasn’t for the western banking world. Here in the US – the western banking elites representatives is the US Treasury...  IMO they are doing everything right to force the US treasuries hand. Iraq told us in Dec. they would totally de-dollarize after Jan 1…. 

  Iraq is again discussing the change in dinar value openly. This makes more than 4 articles etc…in the last week. They are expecting a major change in the valuation of their currency soon.Also still talking about pegging to a basket of middle eastern currencies in order to compete with the US dollar. Also in the news there seems to be big happenings in the Iraqi currency auctions. Bringing in much more dinar. They are making all the moves we expect to see just before a revaluation. They are telling us it is coming… it is very clear how close we are.

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Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad, 23 JAN

 Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad

Economy | 11:01 - 01/23/2024  Mawazine News - Baghdad   Today, Tuesday, the Minister of Transport, Razzaq Muhaibes Al-Saadawi, set the date for the opening of the first commercial exchange square, and while he indicated that it will be advanced, he stressed that these squares will be provided with electronic gates, offices, and services.

Al-Saadawi said, “The number of commercial exchange squares reached 4 squares, one square in the Baghdad belt at the entrance to Yusufiyah, with an area of 400 dunums. The completion rate of the first phase reached 80 percent, and it is hoped to be opened during the current year,” noting that “the second square is at the entrance to Kut and the third is at the entrance to Diyala.” The fourth is at the entrance to Salah al-Din.”

He added, "These squares help relieve traffic congestion and prevent trucks from entering the capital, Baghdad, in order to maintain the infrastructure and provide great job opportunities."

He pointed out that "the squares will be equipped with electronic gates, offices, and services," stressing that they are "advanced and different from the old squares."

https://www.mawazin.net/Details.aspx?jimare=240885

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 JAN

 Frank26

   [Iraq boots-on-the-ground report]

   FIREFLY:  TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform.  They're saying it's a shorter time expected now to complete the reforms.  

FRANK:  He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.

FIREFLY:  On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.  

 FRANK:  Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you.  This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.

 They will never talk to you about something that needs to be done.  They will talk to you about it after it is done.  That is what is called the float and that is what is going to take you back to your RI.  Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...

The goal of the CBI is to reach the Real Effective Exchange Rate.  In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.

DR SHABIBI ON IRAQI DINAR Deletion of zeros and exchange rate BY PIMPY

Iraq Recovers Huge Sums Of Money From The UAE, 23 JAN

 Iraq Recovers Huge Sums Of Money From The UAE

January 22, 2024  Baghdad/Al-Masala Al-Hadath: The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the United Arab Emirates.

The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”

She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”

She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution, and it was sent to the UAE judicial authorities.”

She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of (960,100) thousand dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.”   https://almasalah.com/archives/80339