"RV UPDATE" BY ARIEL, 4 FEB

 Ariel

@Prolotario1

Quick Update – J.P. Morgan Selected to Run New Trade Bank in Iraq

Operating the bank the Trade Bank of Iraq will give banks access to the financial system of Iraq. Which has huge oil reserves foreign bank companies have not operated in the country since a policy of nationalization in the 1950’s and 1960’s.  

What this means is that once Iraq join the Forex market, facilitated by increased foreign banking participation, it could potentially lead to a more streamlined process for currency exchanges. 

This could benefit individuals holding IQD in America, providing them with more accessible channels for converting IQD into USD. 

Since JP Morgan Chase is the leading bank. Iraq’s engagement with Western banks, facilitated by J.P. Morgan, will contribute to its increased integration into the global economy. 

This integration’s positive effects on currency exchange mechanisms, will make it more seamless for individuals holding IQD. Iraq’s oil reserves make it an attractive market. 

J.P. Morgan’s role could pave the way for Western banks to participate in financing projects related to Iraq’s oil industry and other sectors, fostering economic growth. Which will assist with the Oil & Gas Law/HCL. Which the citizens have been asking for. 

Western banks, including J.P. Morgan, could provide financial support for the development of oil infrastructure projects in Iraq. This could include funding for exploration, drilling, production facilities, and transportation infrastructure. 

So this development for Iraq is very important. I mean a report came out that 235 ATMs to be installed in Erbil.  The infrastructure is intended to enable Kurdistan Regional Government (KRG) civil servants to receive their salaries electronically. About 80 service centers will be installed in Erbil to accommodate approximately 235 ATMs from various banks. This is monumental considering what Al-Alaq stated in regards to the monetary reform and the parallel market they he said would end very soon. Which implies there will only be one exchange rate. The black market rate will fade away. Which will give Iraqis purchasing power.

5:28 PM · Jan 31, 2024https://dinarevaluation.blogspot.com/2024/02/jpmorgan-to-run-new-trade-bank-in-iraq.html

Ariel

@Prolotario1

Goodmorning to you all. Been a minute since I said that. 

So while I am up I guess I will say something pertinent to the current situation we are facing at this crucial economic time. 

I think what we are waiting for could happen in this order. 

Evergrande Collapse 
Banking Crash 
Bank Runs 
Temporary Inflation 
Iraqi Dinar Reinstatement
Iraq Joining BRICS 
The Gold Standard 
Standard Price Readjustment
Digital Currency Revaluation
XRP To The Moon
Government Collapse

Something along those lines I guess given what is already on the table. We are in a unique moment in history so we should expect unconventional things to occur we have not seen before since the founding of this country. So you all need to have basic prepared in place. 

~The World Is About To Change

6:46 AM · Jan 30, 2024

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

At one point in history you were not using cash. 

At one point in history you were not using credit cards. 

At one point in history you were not using digital coins. 

But at this point in history you will be using all of them under one system. 

And then money will be phased out of existence due to technological advances where money becomes obsolete for goods & services.

2:55 PM · Jan 30, 2024

Iraqi Dinar | Chase Bank Wealth Mager Conf IQD Reinstatement very Close ...

Spokesman for the Commander-in-Chief: The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire, 4 FEB

 Spokesman for the Commander-in-Chief: The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire

Baghdad / Nina / The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasul Abdullah, said: "The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire for security and stability."

He said in a statement: "The cities of Al-Qaim and the Iraqi border areas are subjected to air strikes by the United States of America, as these strikes come at a time when Iraq is striving to ensure the stability of the region."

He added: "These strikes are a violation of Iraqi sovereignty and undermine the efforts of the Iraqi government, and a threat that drags Iraq and the region to the unfortunate consequences, and its consequences will be dire for security and stability in Iraq and the region."

"RV UPDATE" BY SANDY INGRAM, 4 FEB

 Sandy Ingram

  Kuwait receives oil revenue in its currency.  Wrong. Kuwait is a member of OPEC and receive its oil revenue in US dollars just like Iraq.  It's all about how you spend your profits.  This is why the IMF encourages Iraq to create more streams of income...

Kuwait, is a country that successfully revalued its currency in the early 90s.  Following the Gulf War Kuwait's economy was in ruins, yet within a short span the Kuwaiti dinar was reinstated as one of the most valuable currencies in the world... Unlike Iraq, Kuwait had a relatively stable political environment and a resilient economy backed by vast oil reserves. 

 The international community had faith in Kuwait's ability to rebuild and stabilize which facilitated the revaluation process...A stable political environment, a strong economy, a positive balance of trade and the trust of the international markets are all critical ingredients for successful revaluation.  It's not a magic wand...

The Dong's Rise Unveiling the Unexpected and High Exchange Rate Predicti...

Dollars and gold.. Iraq at the best stage in its financial history – Sudanese Advisor, 4 FEB

Dollars and gold.. Iraq at the best stage in its financial history – Sudanese Advisor,  4 FEB

Baghdad – 964
Mazhar Saleh, the financial advisor to the Prime Minister, confirmed that Iraq is in the best condition in its financial history, through the reserves it possesses of gold and foreign currencies, indicating that the growth of the gross domestic product is continuous and stable.

Saleh said, to the official agency, followed by the 964 Network , that “Iraq’s oil revenues will remain the main source of growth in the country’s foreign currency reserves, and those reserves will rise with the rise in the cycle of oil assets, all of which lead to an increase in indicators of the efficiency of foreign currency reserves, whether commercial efficiency.” (Covering the mentioned reserves for the number of import months for Iraq, which currently exceeds 15 months compared to the global standard of three months), or in covering the money supply, or by the fact that these foreign reserves in terms of percentage have the ability to cover the external debt services payable.”

He added, “The country’s oil revenues still provide 98% of the assets of the investment portfolio for the country’s foreign currency reserves, whether in monetary gold or various foreign currencies. All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history.” These reserves flourish and grow with the index of the growth rate in the current account surplus of the balance of payments to the country’s gross domestic product, which was estimated for the year 2023 at approximately (positive 9%), and is estimated for the year 2024, at the same similar rate, according to data published by international credit evaluation institutions for Iraq. “.

He pointed out that “there are standard investment mechanisms and guides approved globally by the monetary authority in managing the country’s foreign currency reserves, as their tools and methods are evaluated in consultation with multilateral international financial organizations, including the International Monetary Fund and the World Bank, on a periodic basis to ensure optimal management of reserves, both in Providing appropriate returns, sufficient liquidity and low risks at the same time.”

He continued: “It takes into account avoiding all forms of risks, whether the risks of currency exchange rate fluctuations, interest, or liquidity risks, as well as the legal risks in managing those reserves, which are the basis of the country’s foreign investment portfolio, and today they represent something similar to the Iraqi dinar exchange rate stabilization fund that it defends.” The country’s monetary policy represents assets corresponding to the national currency issued as (liabilities) and adequate coverage of the dinar to ensure its stability, in addition to the role of reserves in financing foreign trade for the private sector.”

At the conclusion of his speech, he stressed that “as the cycle of oil assets increases, the country’s foreign assets increase and inevitably rise in the country’s investment portfolio.”

964media.com 

"RV UPDATE" BY MILITIAMAN, 4 FEB

 Militia Man 

 When we say non-oil economy - Iraq's currency back in the day during Saddam Hussein was $3.22...I think everybody can agree with that...it's public information.  That was on oil only.  You didn't add in tourism...gold...reserves..natural gas...hydrogen... lithium...taxes and tariffs at the borders...Everybody that is invested in the Iraqi dinar...should know...these things to be evident and true...

  We all know the progress is amazing ... Article quote:  "Central Bank Governor says, we prevented banks and companies from obtaining the dollar and the work on the electronic platform will end during the current year."  He didn't say at the end of the year.  He said it's going to end during the currency year ...The electronic platform is where you get the dollar that goes to the parallel market which is smuggled out of the country... He's going to cease that.  Could that come any time?  That very well could come at any time because tomorrow is during the current year...I believe Alaq is on a mission.

  You're not going to LOP your currency.  You're just not going to do that to your currency...Elementary school math will not allow Iraq's budget at 1310 to do any of this [Investments, reforms, reconstruction projects etc.]