"THE SAGA OF THE IQD RV CONTINUES: THE CBI IS FOLLOWING THE 2011 DR. SHABIBI AND IMF PLAN?:"GOOD NEWS! THE NEW IRAQI OIL LAW WILL NORMALIZE IRAQ", BY MNT GOAT, 12 MARCH

 MNT GOAT

...The saga about the Iraqi dinar RV continues. It is what you don’t know that can cause you some stress and anxiety. Even I sometimes want to rush the RV process and I have to step back and relax. I have to ask myself if the CBI is following the 2011 Dr Shabibi and IMF plan. 

As long as they are following it, I am very happy and so should you. As we all know Iraq is NOT working on our timetable as their newly formed government is sometimes very slow to act...

GOOD NEWS! THE NEW IRAQI OIL LAW WILL NORMALIZE IRAQ

THE NEW IRAQI OIL LAW UNDERMINES THE DREAM OF KURDISH INDEPENDENCE

The new Iraqi oil law undermines the dream of Kurdish independence with the increasing importance of the role of energy resources in the independence of countries, the oil dispute between Baghdad and Erbil cannot be viewed as a mere emergency dispute, but rather extends beyond that to political calculations  related to the option of Kurdish independence and providing the infrastructure for this independence.

Baghdad – Analysts believe that the new oil law being prepared by the Iraqi government in Baghdad will be the final factor that will end the dream of independence for Iraqi Kurdistan, which in turn will affect the future of Western oil companies operating in the region.

On February 21, the Federal Supreme Court ruled that the Iraqi Kurdistan Regional Government must hand over “all oil and non-oil revenues” to Baghdad.

(This is a solid start to getting the Oil and Gas Law completed and to parliament for a vote. This must be completed to finish a Constitutional requirement to fully implement the new 2005 Iraqi Constitution. This was told to me a decade ago that this is critical to normalizing Iraq. So this is all excellent news for us today.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

MAJOR NEWS; Iraq OPEC IQD Vietnam Rates Latest News DRP BY SANDY INGRAM

Ministry Of Planning: Inflation In The Country Has Risen To (4.5%), 12 MARCH

Ministry Of Planning: Inflation In The Country Has Risen To (4.5%)

Economy | 03/11/2024   Mawazine News – Baghdad  The Iraqi Ministry of Planning confirmed that the cumulative inflation level in the country has risen to approximately 4.5%.

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in an interview followed by Mawazine News that the last monthly inflation in January 2024 was higher by 0.4% compared to what it was previously.

Abdul Zahra Al-Hindawi added that the annual inflation index rose by the same percentage compared to what it was in January 2023, meaning the cumulative inflation became approximately 4.5%.

Regarding poverty levels in the country, a spokesman for the Iraqi Ministry of Planning explained that “data from the survey results regarding the level of poverty in Iraq will be released after about two months.”

 Abdul Zahra Al-Hindawi pointed out that the aforementioned survey was conducted in all governorates, including the governorates of the Kurdistan Region.

Although Iraq is considered one of the oil-rich countries, it suffers from a continuous rise in poverty rates, amid government promises to take measures to address them, but they have not achieved the desired results.

The data now approved by the Ministry of Planning, which dates back to the year 2018, indicates that the poverty rate in Iraq is 21%, and in the governorates of the Kurdistan region it is about 6.5%.

Inflation is an increase in the general level of prices of goods and services, and the Consumer Price Index (CPI) is the most common and used indicator, as it tracks the average level of prices of goods and services that a family consumes.    https://www.mawazin.net/Details.aspx?jimare=243647

"RV UPDATE" BY MNT GOAT, 12 MARCH

 https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 12 MARCH

   Frank26 

 [Iraq boots-on-the-ground report] 

  FIREFLY: Saleh is on television talking about Iraq's financial situation.  He said...we have enough reserves to back a stable exchange rate...

  FRANK:  That's the reinstatement of your currency.  That's going to be the float eventually too.

  FIREFLY:  ...He says we are capably of many other things besides oil, our country is powerful, growing and the world knows it.  

FRANK:  Have you noticed the only topic in Iraq is about the exchange rate of a new currency that is coming to you?

 FIREFLY:  Economic experts on television saying Iraq has a lofty exchange rate to uncover...  

 FRANK:  Do you understand the word lofty? ...The word lofty means at its highest, at a pinnacle.  They are telling you they have an exchange rate they are about to give you that will be lofty for your currency and for you...that is the opposite of a program rate...

https://dinarevaluation.blogspot.com/2024/03/iraq-boots-on-ground-report-by-firefly_01642138902.html

 FIREFLY:  TV is saying we are now using the best and most improved international electronic payment system they said it's one of the best in the world with all the security features and all of this is from the CBI...  FRANK:  The electronic payment system is a huge key to the monetary reform for the float...Notice everything is coming from the CBI and not one word of negativity from anybody else.

  FIREFLY: TV is saying investment in Iraq is over the last three years up 60%. 

 FRANK:  The world is pouring in and they can...

 FIREFLY:  It's a great sign of stability and security and they're saying with these projects on board investments are only going to go up from there to an all-time high... FRANK:  All these reports are good.  I believe soon you will be celebrating a new exchange rate for your lower notes.

FIREFLY:  Parliament Finance is calling in the CBI to open bank branches outside of Iraq.

 FRANK:  Too late,   That's been going on a while!  All last year we already told about the private banks of the CBI - They're going to retrieve the 3-zeros outside of Iraq because 97% or more is already been retrieved inside...The satellite banks are all over the world right now are ready to collect the 3-zero notes...All of these actions are to introduce the new exchange rate and the new national sovereignty to you, Iraqi citizens. 

FIREFLY:  Bank friend...in his opinion a new rate that will float.  We're going to have gateway from Iraq to European side in trading.  It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros.  It's no secret. 

 FRANK:  He's 100% correct.  I keep telling you it's here.   

https://dinarevaluation.blogspot.com/2024/03/iraq-boots-on-ground-report-by-firefly_01835992855.html

Iraqi Dinar - IQD - Dinar Update - International Compliance - Exchange R...BY MILITIAMAN

Advisor to the Prime Minister: The stability of the exchange rate gives relative stability to gold prices , 12 MARCH

 Advisor to the Prime Minister: The stability of the exchange rate gives relative stability to gold prices

3/11/2024

The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the relative stability of gold prices in Iraq due to the value of the dinar.

 Saleh told {Al-Furat News} agency, “What determines gold prices today are the international gold exchanges, noting that the stability of the official Iraqi dinar exchange rate to the dollar gives relative stability to gold prices.” He noted that "the value of gold is exposed to the cycle of global gold assets, which constitutes the basic variable for the price of gold on the global scale, whether rising or falling."

Gold prices took a breather today, Monday, after a series of record highs that came against the backdrop of a slowdown in the labor market in the United States and statements from the US Federal Reserve, while traders awaited the inflation report in the United States in search of new indications of the possible date for reducing interest rates.

Gold settled in spot transactions at $2,177.24 per ounce by 06:02 GMT, while US gold futures contracts fell 0.1% to $2,183.90.

Gold recorded an unprecedented level of $2,194.99 for the fourth day in a row on Friday, after data showed a slowdown in the labor market in the United States.

 The selling price of gram in the local markets in Baghdad today, Monday, is 460 thousand dinars.

Raghad Dahham   LINK

Sir Shawn:  WOW, IMO…..Did you all catch this? 

31.1 grams per ounce @460,000 Dinar per gram
460,000x31.1= 14,306,000 Dinar 
14,306,000~1,310=10,920.61 USD per ounce of gold. WOW

Cleitus:  Also.., IMO, could there be a US treasury bond sell-off from other countries hitting the global scene, thus weakening the dollar and affecting gold prices as well? Seems everything is coming together, IMO. WOW!!

Clare:  SIR_SHAWN I LIKE YOUR THINKING IN POST #22 BUT IT LOOKS LIKE THEY ARE NOT TALKING ABOUT 1 GRAM FOR THAT PRICE imo
THE ARTICLES ARE NOT SO CLEAR CUT AT TIMES….. HERE IS THE MEANING IN ARABIC: Mithqāl (Arabic: مثقال) is a unit of mass equal to 4.25 grams (0.137 ozt) which is mostly used for measuring precious metals, such as gold, and other commodities, like saffron.