"RV UPDATE" BY MNT GOAT, 16 MARCH

  Mnt Goat  

 There are many who want to force the reinstatement which is like me telling you that on March 19th (first day of Spring) suddenly overnight everything will change and wamoo we will have spring. But we all know it doesn’t work this way and so we must make this logical analogy / comparison to our investment the RV. Just like mother nature has a plan for spring the CBI too has a plan and it takes time to execute it.

  Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!  

Iraqi Dinar🔥Exchange Rates Of Iraqi Dinar Today Latest Update 2024🔥iraqi...

Al-Baldawi: Disagreements are an obstacle to legislating the oil and gas law, 16 MARCH

Al-Baldawi: Disagreements are an obstacle to legislating the oil and gas law

Representative Muhammad Al-Baldawi revealed today, Thursday, that the oil and gas bill failed to pass due to political issues.

According to Al-Baldawi, “Approval of the oil and gas law requires political consensus from all political forces,” and pointed out that “disagreements regarding the approval of the law still exist and constitute a fundamental factor obstructing its submission to Parliament.”

He went on to say, “The law is still awaiting Baghdad’s understandings.” And Erbil for its enactment, since it was deported multiple times during past legislative sessions and was not included in parliamentary laws and legislation owing to a lack of a clear vision for its passage.

"RV UPDATE" BY MARKZ, 16 MARCH

 MarkZ  

 [via PDK]  

We still do not know the timing but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.

 If any of you are questioning if this is ever going to happen …I want to give you some reassurance….  Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: 

“Parliamantary Finance and CBI discuss increasing the DINAR and controlling the market”.   In other words they need to remove restrictions on the banks and increase the value…that is how they control the market...They are still openly talking about it…again.   

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Central Bank discusses Increasing the Value of the Iraqi Dinar, 16 MARCH

Central Bank discusses Increasing the Value of the Iraqi Dinar

On Thursday, Iraq’s Finance Committee, led by Atwan Al-Atwani, met with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and strategies for increasing the value of the Iraqi dinar.

Al-Atwani emphasized the significance of monitoring the economic situation and monetary policy using oversight principles. He emphasized the need of finding acceptable answers to the challenges affecting the Central Bank’s operations.

The Committee stated a willingness to work with the Central Bank to increase the value of the Iraqi dinar, stabilize the market, reduce the burden on residents, and resolve deficits.

The Central Bank Governor examined economic and monetary issues, highlighting the need for fundamental laws to oversee transfers and assess cash transactions. He praised the Finance Committee’s efforts to monitor the country’s financial and economic developments.

The Committee discussed with the Central Bank Governor the adopted international standards, future plans to improve banking institutions, opportunities for expanding relations with international banks, restructuring the banking sector, transitioning to electronic payments, and the possibility of amending the Central Bank law.

"RV UPDATE" BY PETRA, 15 MARCH

Petra

  Early Monday morning was the article demonstrating the fact that Sudani was considering changing the rate of the dinar from 1310 to 1.32 which for us in the United States is $0.79... 

Then the very next day we get an article talking about the new small category notes.  They're talking rate, they're talking notes.  And then you got Tannini the Commerce Director there talking about a surprise could happen within hours in regards to their monetary reform...