Friday, February 9, 2024

"BOOTS ON THE GROUND" BY MNT GOAT, 10 FEB

 MNT GOAT

THE IMPORTANCE OF THE WHITE PAPERS

.... the CBI still has their goals to rebuild the economy of Iraq, see the White Paper. In this document it clearly states the “Pillars of Iraqi Financial Reform” for Iraq and how they plan to affect each of them to get where they want to go. It’s no secret. So, what comes first the chicken or the egg.

REFORMS FIRST:  In other words, Iraq will never be able to rebuild its economy unless it completes these financial reforms first. 

But in reality, under Dr. Shabibi he knew damned well the necessity of getting back their currency (liberate it) and then use it to impact the growth of the economy. 

So, we are witnessing firsthand the mistake made way back in 2012-2013 in not following the plan of Dr. Shabibi. This is really what all the ruckus is about with this parallel rate and the inability to manage it.

https://dinarevaluation.blogspot.com/2024/02/boots-on-grounds-importace-of-white.html


INTEL FROM CBI CONTACT

 ...told to me just yesterday by my CBI contact...I was told that of the committee responsible for orchestrating the project to delete the zeros, had a member given a directive to supply a set of quality photos of the newer lower denomination paper currency and the coins. 

They are then to work with the technical side to deliver these photos and a writeup on the process of how the project to delete the zeros is going to work ....

I was told that in the coming weeks they were told that a meeting will be scheduled to review timetables for the coordination of all these events...Folks this is amazing news.

https://dinarevaluation.blogspot.com/2024/02/boots-on-ground-intel-from-cbi-contact.html

Amazing News from CBI!šŸ’£Deletion of Zeroes Active!šŸ¤”Iraq Dinar RV Updates ...

Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq, 10 FEB

 Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq

Information / Baghdad...

MP for the State of Law Coalition, Mohammed Al-Sayhoud, confirmed on Friday that the government will proceed to remove the US occupation forces from Iraq.

Al-Sayhoud told Al-Maalouma that "the repeated targeting by US forces of Iraqi security sites and national figures is a targeting of autonomy, pointing to "the decision of the House of Representatives to remove US forces from Iraq."

"The government and the government are proceeding with their dialogues with the international coalition to set a timetable for the exit of these forces," he said.

He explained that "the issue of the exit of US forces from Iraq and the handover of military bases is just around the corner, because there are assurances from the Iraqi government to proceed with this issue." 

"RV UPDATE" BY SANDY INGRAM, 10 FEB

 SANDY INGRAM

 The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves.  The IMF has continually said Iraq needs more income streams to offset the oil industry.  The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams. 

These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake...First...Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a  drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value...Second...Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar...

Thirdly...A sudden and significant increase in their currency's value could adversely affect their exports and trade balances.  It could also lead to inflation...  Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation.

Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...

Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves... The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. 

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-sandy-ingram-6-feb.html

  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...

Iraqi Dinar | Iraq's Currency Reset Confirm IQD RV Closer Than Ever | Ir...

Parliamentary Talk About Financial Dues To Oil-Producing Governorates, 9 FEB

 Parliamentary Talk About Financial Dues To Oil-Producing Governorates

Economy  2024-02-09  Today, Friday, the Parliamentary Oil, Gas and Natural Resources Committee called for granting the oil-producing governorates their dues in the budget for the current year.

Committee member Bassem Al-Gharibawi said in a press interview, “The budget includes a law under which oil-producing governorates are granted financial dues in the event that the price of oil rises above the number specified in the budget, but this matter has not been implemented.”

He added, "There is an urgent need for action by Parliament, especially the Finance and Strategic Planning Committees, to follow up on the dues of the oil-producing governorates in order to ensure that they obtain their dues within the budget."

He confirmed, "There are actual parliamentary movements to ensure that the dues reach the producing governorates," explaining, "The Parliamentary Oil Committee did not approach the federal government regarding this matter, but it moved toward the Ministry of Oil to find out the extent of its implementation of the government program and curriculum."  https://kirkuktv.net/AR/Details/19585

"QFS CONVERSATION " WITH GOLDILOCKS, 9 FEB

 GOLDILOCKS

On February the 15th, 2024, the Commodities Futures and Trading Commission is holding a commission open meeting. 


The following two items along with many others are on the table to be discussed:


* Requirements for Designated Contract Markets and Swap Execution Facilities


 * Foreign Boards of Trade


The table is being set for the general public to meet with the CFTC regarding over the counter products such as foreign currency exchanges to understand the new rules regarding these trading products. 


© Goldilocks


https://www.cftc.gov/PressRoom/PressReleases/8862-24

TIDBIT FROM FRANK26, 24 NOV

    Frank26      Question:  " Will the rate change prior to [December] 31st IYO? "    It is my hope, it is my desire but if you sh...