"RV UPDATE" BY PIMPY, 26 JAN

 Pimpy 

  Article:   "Urgent:  Iraq receives an important message from America.  And the Sudanese are studying it to respond"  Not only did they not tell us what was in the message but they're letting us know that an important one came across...I'm sure it's really serious...We need Iraq to stay stable and secure in order for their economy to grow, in order for outside investors to get involved, in order for them to strengthen their dinar, before we ever see an exchange take place...

 When people say they have to be article VIII compliant, they have to delete the 3-zeros, they make it sound like it's a mandate.  They don't have to delete the 3-zeros.  It's idealistic if they do but they don't have to delete the 3-zeros...No where does it say it's mandated.  

   There is a lot of good news out there for Iraq.   But you can't keep reporting the good news and saying that's the reason why it's going to be reinstated at $3.22.  There's no way they can carry out all these projects because they can't afford to.  That's a lie.  They've already calculated it in their budget the necessary money needed to do these projects.  They did it at the current rate.  Don't fall for that crap. 

I never said it's not going to happen. It absolutely will but it's going to go up in increments IMO.  Is Iraq doing what they need to do to get back on track?  They are.  What are the biggest hurdles?  They need to do something about corruption...Unless these things change we're going to have a hard time getting to where we're trying to...change the exchange rate.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-pimpy-24-jan.html

Iraqi Dinar✅Hold Your Dinar This is Last Week For Rv-Iraqi Dinar News To...

Parliamentary Finance: The US Federal Reserve besieges the Iraqi citizen with dollars, 26 JAN

 Parliamentary Finance: The US Federal Reserve besieges the Iraqi citizen with dollars

Information / Baghdad..
On Thursday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, accused the United States of America of exercising blackmail and pressure towards Iraq by creating a dollar crisis.

Al-Kadhimi said in an interview with the Maalouma Agency, “The American measures taken by the Federal Bank were the main reason behind the continued rise of the dollar against the Iraqi dinar.”
He added, “Washington is still exercising its conditions on Iraq to put pressure on the parallel market,” noting that “the US Federal Reserve sets strict conditions on merchants importing goods from neighboring countries.”
He pointed out that “the Iraqi citizen is a victim of the arbitrary measures of the United States of America,” noting that “the Iraqi economy relies heavily on foreign imports to cover the total demand for goods.”
Former MP Raed Fahmy had previously confirmed to Al-Maalouma that the political reason was related to the US Federal Reserve’s strict measures for political purposes in order to put pressure on the Iraqi side.

almaalomah.me

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 26 JAN

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY:  Television is showing Parliament Finance committee saying we are close to closing the parallel market and solving the dollar exchange rate.  FRANK:  How many ways can they tell them?

 FIREFLY:  Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars.  They stole over 1 trillion dinar...individuals arrested and groups have been stopped. 

 FRANK:  The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally...

   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.

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_0959338502.html

Iraqi Dinar | Surprising News For IQD investors Notification Of RV | Ira...

Kurdistan Agriculture agrees with Baghdad to build four strategic dams, 26 JAN

Kurdistan Agriculture agrees with Baghdad to build four strategic dams, 26 JAN

Shafaq News/ The Ministry of Agriculture and Water Resources of the Kurdistan Regional Government announced, today, Thursday, the agreement with the federal government to build four strategic dams.

The Minister of Agriculture, Begurd Talabani, said in a press conference attended by Shafaq News Agency, that the ministry has reached an agreement with the federal government, and the construction of the four dams will begin during the current year.

She added that the regional government, despite the crises it suffered from, was able to build eight medium-sized dams, stressing that the process of storing water will continue by constructing dams and regulators.

It is noteworthy that there are 23 dams throughout the Kurdistan Region targeting the production of electrical energy, irrigation, tourism, and many other areas that benefit from dams.

These steps come within the framework of the efforts of the ninth formation of the Kurdistan Regional Government to conserve water and prevent the effects of drought.

shafaq.com

"RV UPDATE" BY FRANK26, 26 JAN

  Frank26   

 What happens when there is a demand for a specific supply? 

 It runs out quickly.  Or it goes up in value quickly.  The simplest thing, toilet paper, became so valuable when the covid hit us...If I was Sudani I'd give the lower denoms and the new exchange rate and instantly the dinar goes into a basket with other currencies around the world to float.  The definition of supply and demand is going to take that float to the REER (Real Effective Exchange Rate).  How are they going to reach the REER?   By supply and demand.

 It was a paradigm shift is what happened in Davos...INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT  = VALUE ADDED TO THE IQD BASKET!

Question:   "Does it RI once it goes international?"  That's the reason why it would go international  because it would be a rate change, it would be equivalent to a reinstatement to the value of the currency.