"RV UPDATE" BY JEFF, 22 MARCH

Jeff 

  The next big step in this is we want to see when Iraq will be amending their budget...They can amend it before or after the rate changes...

 This weekend coming up would be the historical anniversary date of when Kuwait reinstated their currency - March 24, 1991

 Iraq technically does not need to amend the budget if they're not changing their rate.  

The budget already covers their operating expenses.  But they would need surplus funds to cover the reforms.  The reforms are contingent upon the rate changing.  They can't bring these reform package forward if the rate does not change.  The only reason they're amending the budget is because the rate is changing...The step of amending the budget can happen either before or after the rate changes  ... They will probably announce Thursday or Friday as to when they plan to amend the budget, which they'll probably do around this weekend...

🔥 Iraqi Dinar 🔥 WOW WOW WOW This is amazing🔥 Guru Updates News Currency ...

🔥 Iraqi Dinar 🔥 This is Good 🔥 Guru Updates News Currency Value Exchange...

Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of economic policy , 21 MARCH

 Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of economic policy

3/21/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate.

Saleh told {Al-Furat News} agency, “We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate, a tangible success in the cohesion of the country’s economic policy in its three aspects: monetary, financial, and commercial, in providing a coherent climate of stability in the general level of prices.” And containing seasonal price fluctuations for high-demand items, specifically providing basic food commodities that have low price elasticities of demand because they are necessary commodities associated with consumption and daily living.”

He noted "the importance and speed of customs procedures, which were represented by (reducing customs tariffs and diversifying imports without quantitative limits for necessary goods) as part of the performance of the financial policy in supporting price stability and ensuring the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy."

The Parliamentary Finance Committee had expected a continued decline in dollar prices as the results of the measures taken by the Central Bank of Iraq to limit the rise in the foreign currency began to appear.

The dollar exchange rate a few days ago was about 1,500 or 1,490 thousand dinars to the dollar.

From.. Raghad Dahham LINK

"RV UPDATE" BY PIMPY, 21 MARCH

  Pimpy    

If they're going to do a re-denomination and a reevaluation at the same time then I guarantee the notes they're going to use are going to be the lower denominations.  So instead of getting $3 per dinar for a 25000 note, you're going to get $3 per dinar for a 25 dinar note.  You can jump up and down and have a fit all you want.  I've been telling you guys this is what's going to happen [If they re-denominate].   This is great for the Iraqi people...They'll be happy about the change in their wealth but the western people will not even have a taste of it...I keep warning you guys about this..

  The official exchange rate, that's the one we want to change but surely wouldn't want it to change with new re-denominated currency with the deletion of the zeros.  I want a nice fat $3.00 to 1 Iraqi dinar exchange rate with the currency we have now. 

FRANK26…..3-20-24…..A MEETING

The President of Vietnam resigns after a year in office, 21 MARCH

 The President of Vietnam resigns after a year in office

 Vietnam's President, Vo Van Thiong, has resigned after serving nearly a year in office, according to a statement issued Wednesday by the Communist Party.

The Philippine president's resignation came in the midst of an intense anti-corruption campaign that affected the highest levels of the party.

The Vietnam News Agency said Thiong was guilty of "violations and shortcomings" and the party's Central Committee accepted his resignation.

The news agency added that Thiong violated unspecified “regulations” and “failed to set an example as head of state.”

She revealed that "Comrade Vo Van Thiong's violations and negligence had a bad impact on public opinion, affecting the reputation of the party and the state and his reputation."

She continued, "Aware of his responsibility towards the party, the state, and the people, he submitted his resignation from his positions."

The 53-year-old official's resignation comes as Vietnam is witnessing major political unrest, which also forced his predecessor to step down in an anti-corruption campaign that saw the dismissal of many ministers and the prosecution of major businessmen on charges of "fraud."

Thiong became president on March 2 last year after President Nguyen Xuan Phuc resigned, in an unusual surprise move in Vietnam, where political changes have long been carefully coordinated, with an emphasis on stability.

Before Fuc, only one other Communist Party leader had stepped down, and that was for health reasons

The position of president in Vietnam is largely ceremonial. The president ranks third in the country's political hierarchy.

While the president leads the country, he views the party's Secretary-General, Nguyen Phu Trong, as the real power holder   link