"RV UPDATE" BY PIMPY, 25 MARCH

  Pimpy 

 One of those myths that are out there...Executive order 13303...If you're a new persons investing into the Iraqi dinar you will hear...we're allowed to invest in Iraqi dinar because George Bush signed executive order 13303...Nowhere in executive order 13303 does it state such a thing...Having said that, it doesn't mean you can't invest in Iraqi dinar... Obviously investing in currencies are a thing but nothing in these orders at all say that Bush gave you the right to invest in the Iraqi dinar.  

Community Comment "Pimpy needs to understand outside investors of Iraq have absolutely nothing to do with project to delete the zeros.  Our 25,000 note will be 25,000 note in America."  I'm guessing you think that if they re-denominate the currency inside of Iraq and they change the exchange rate to $0.76, I guess you thought we could take the old currency and exchange it for the current exchange rate. 

 That's not going to happen.  I'm telling you right now that's not going to happen...25,000 dinar would be equivalent to the 25 dinar...What Iraq does in country to its currency affects the currency worldwide..  

Iraq and Kuwait are discussing enhancing trade exchange and encouraging investment , 25 MARCH

  Iraq and Kuwait are discussing enhancing trade exchange and encouraging investment

3/24/2024 Baghdad

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, and the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, discussed today, Sunday, mechanisms for enhancing trade exchange and encouraging investment between the two countries.
The media office of the Acting Speaker of the House of Representatives stated in a statement received by Mawazine News: “

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, discussed, during his meeting in his office today, the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, the overall situation in the two countries, the latest regional developments, and a number of... Files of mutual interest.

He added, "The meeting discussed enhancing trade exchange between the two brotherly countries, establishing a free market to stimulate this sector, and stressing the need to work hard to encourage investment within sustainability standards, in addition to continuing to hold joint committee meetings and exchanging visits between officials of the two countries to resolve some outstanding issues, in addition to exchanging Security information to reduce the threat of terrorism and the spread of drugs.

He continued, "During the meeting, there was also talk about the Kuwaiti National Assembly elections scheduled to be held early next month."

Al-Mandalawi expressed his “wishes for Kuwait’s success in this important achievement, and continued progress and prosperity in various fields.”   LINK

"RV UPDATE" BY MNT GOAT, 25 MARCH

Mnt Goat 

  Wars, displacement, and sanctions have left Iraq’s economy underdeveloped and almost solely dependent on oil exports. But things have changed in Iraq and come this mid-year 2024 we are about to see the results of  many years or reforms in an explosion of progress in many areas of development in Iraq. You see, all these reforms we all have been reading about in the many articles are all good but unless Iraq actually sees any impact they are meaningless.  Oh…but we are about to see the impact and it is going to be HUGE $$$.

Article Quote:  “...Iraq will leave government cash dealing and switch to 100% electronic collection in mid-2024.”  So, by reading today’s article on the surface it seems that Iraq would be doing away with all paper currency as they said “switch to 100% Electronic collection by mid-2024”.  But I assure you this is NOT the case... it does NOT say they are doing way with cash altogether, as the Dr. Shabibi plan that I know and have been following very diligently does not indicate this either...this will be a huge milestone in the banking reform process...Iraq has been struggling to get the electronic payment process completed and now they are telling us it will be completed by mid-year 2024. WOW! WOW! WOW!  

Weekend News with MarkZ. 03/23/2024

Natural resources in Iraq...a huge treasure neglected by an “official decision”!, 25 MARCH

 Natural resources in Iraq...a huge treasure neglected by an “official decision”!

3/24/2024

Economic researcher, Ziyad Al-Hashimi, confirmed that (mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, as unfair government decisions deprived Iraq of huge billion-dollar revenues and global market shares.

Al-Hashemi said in a blog post on the “X” platform, followed by “ Jarida ”, that “(mismanagement of Iraq’s natural resources) and unfair government decisions have deprived Iraq of huge billion-dollar revenues and global market shares, as Iraq is ranked ninth in the world in terms of size.” It has natural resources within its territory, such as oil, natural gas, phosphate, sulfur, and other minerals.

He added, “Estimations indicate that the value of Iraqi natural resources reaches up to 16 trillion dollars, and this puts Iraq in a distinguished position among the countries of the world rich in natural resources, and despite these enormous wealth, there is official Iraqi negligence to invest in expanding exploration, extraction, production and export.” Many of these resources are natural, as the government’s focus is exclusively on oil.”

He explained, “For example, we find that there is deliberate neglect of the Iraqi phosphate sector (by official decision and for unknown reasons) despite Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.”

He stressed, “(Mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, and it does not appear that there are any official Iraqi efforts to overcome the mistakes that caused billions in losses for this country and its economy, and until the Iraqi government wakes up from its slumber and begins to work diligently and effectively.” Iraq will continue to lose opportunities, shares, and money to other countries, which have greatly benefited from the absence of Iraq and its exports of natural resources from the global market.  LINK

"RV UPDATE" BY SANDY INGRAM, 25 MARCH

 Sandy Ingram  

Article quote: "Salih summarized on Friday the benefits of Iraq's accession to the membership of the European Bank for Reconstruction and Development."  It looks like Iraq is doing everything possible to join the international financial platforms.  We need to wait and see how this will affect our ability to exchange our Iraqi dinar bank notes for US dollars.

There is absolutely no law against carrying large sums of cash...You can travel with as much money as you want.  

However, there is a catch.   If you are entering or leaving the Untied States with more than ten thousand dollars in cash or equivalent, you are required to report it to customs and border protection.  

This rule applies whether the cash is in U.S. dollars or in a foreign currency...You need to complete a "FinCen 105 form"...  What happens if you don't report more than 10 thousand dollars in cash?  Failure to report can lead to seizure of the money...You may also face criminal charges...Remember these rules...it's always better to be safe than sorry.]

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-21-march.html

  Iraq has completed the necessary prerequisites to join the World Trade Organization WTO.  This pivotal development reported by Gulf News marks new chapter in Iraq's economic journey...

Joining the WTO is not a mere formality, it necessitates a commitment to aligning with WTO rules by enhancing private sector performance and overhauling trade policies....  Membership in the WTO is a significant milestone for any country.

 Do not purchase any currency with Saddam's face on it unless you purchase it as a collector. Purchase currency that is now in circulation in Iraq.https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-18-march_01295640786.html

FRANK26…..3-20-24…..A MEETING