Saturday, April 6, 2024

"RV UPDATE" BY MNT GOAT, 6 APRIL

"WHAT ARE THE NEX STEPS" BY MNT GOAT, 6 APRIL

 Mnt Goat   

What are the next steps?

  We know it is the in-country rate needed to support the Project to Delete the Zeros as the next steps and, by design, it is to retrieve all this stashed currency and get it into the banks from the hordes in the Iraqi homes.   Common sense then dictates to us that the only way they will be successful in these next steps is to raise the program rate higher over the dollar to create an incentive for this purpose. This will be the second rate change we have been told would occur and have been waiting for.

But remember that with these next steps, this is still in the “program” rate and for in-country only.  We will still NOT be able to exchange our dinars outside Iraq until the reinstatement which follows the Project to Delete the Zeros... there is much work to be done yet before we go off to the bank to exchange...So now, we are just waiting for the “giant” leap when the CBI gives them the second rate change.  This should bring in much if not all the remaining currency back to the banks that they need desperately for the economy. This second rate change should coincide with the project to delete the zeros...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/04/what-are-nex-steps-by-mnt-goat-6-april.html

"WHERE THE DINAR IS RIGHT NOW?" BY MNT GOAT, 5 APRIL

 MNT GOAT

PRESERVING FOREIGN RESERVES. AN IRAQI ACADEMIC STUDY ANSWERS THE QUESTION “THE STABILITY OF THE IRAQI DINAR AGAINST THE DOLLAR”

(This article is a history less of what happened in the past 4 years, even covers the Covid pandemic time period. But we want to know where the dinar is right now. Go to the next article for this information.)

Shafaq News / At a time when the price of the dollar is still fluctuating between high and low, and forcing the market to live in a state of confusion, because the hard currency constitutes an important tool in Iraqi trade, being a trade that depends on imports in most of the products in the local market, a researcher whose master’s thesis was discussed, at the Faculty of Administration and Economics at the University of Tikrit, on Monday, some possible solutions to hold and control the price of the dollar, as his message came about the role of the bank The central bank and the window of selling the currency and their role in the stability of the dinar against the dollar and the importance of maintaining foreign currency reserves .

Ahmed researcher Abdullah Okil told Shafaq News Agency that “the study aims to know and measure the extent of the impact of some of the Central Bank’s tools in achieving the stability of the exchange rate of the Iraqi dinar against the US dollar during the period (2004-2022) in order to know the places of imbalance and negatives that hinder the stability of the value of the local currency according to what suits the nature of the Iraqi economy, as the goal of maintaining the value of the local currency was the main goal of the bank in order to maintain the level of prices mainly related to the exchange level local dinar against the US dollar.”

He added that “the variables of the study were analyzed and measured according to the program (Eviews 13), and it was found that there is a positive relationship between some of the Central Bank’s tools as independent variables and the official and parallel exchange rate as dependent variables in the short term, with some negative and positive correlations for some variables in the long term, as it was noted that some tools were ineffective in influencing the currency exchange rate, such as the legal reserve, the rediscount rate and open market operations, but the impact of some of them was limited to inflation.”

He pointed out that “while the impact of the interest rate and the window was positive on the value of the local currency as a result of its reduction to the nominal exchange rate, and this indicates the ability of the Central Bank to influence the stability of the exchange rate of the local currency against foreign currency, especially through the window of sale of currency throughout the study period, except for some last years of the study period, as the nominal exchange rate returned to rise, as well as the case in the parallel market by a decision of the monetary authority represented by the Central Bank, for the purpose of facing public expenditures. And facing the repercussions of the global health crisis related to the Corona epidemic and the accompanying decline in oil prices, which is the main source of the US dollar due to the rentier nature of the Iraqi economy.”

He continued: “It was also noted that the gap between the official exchange rate and its counterpart in the parallel market increased due to the increase in demand for foreign currency, and the study made a number of recommendations, the most important of which is to continue to work in the window without overusing foreign reserves and diversifying sources of obtaining foreign currency by advancing development and activating the real sector, industry and agriculture, in order to achieve a reduction in imports, which reduces currency depletion, in addition to tightening control measures to prevent the smuggling of foreign currency and works that affect the supply of it, which contributes to to stabilize the exchange rate of the local currency.”

He stressed that “continuing to work in the window of selling currency without wasting foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices, as it is almost the only source of obtaining foreign currency.”

He pointed out that “advancing development in Iraq, activating the real sector, activating industry and agriculture to reduce imports to relieve pressure on foreign reserves of the dollar, keeping the Central Bank away from political pressures and granting it the necessary powers to deal with fluctuations in the economic situation, including exchange rate fluctuations, and tightening control measures to prevent the smuggling of foreign currency abroad so as not to affect the supply of foreign currency, and thus the value of the local currency.”

https://dinarevaluation.blogspot.com/2024/04/where-dinar-is-right-now-by-mnt-goat-5.html

Vietnam Dong big positive new for dinar investors after long time πŸ”₯Vietn...

"RV UPDATE" BY TRITH WARRIOR, 6 APRIL

 TRUTH WARRIOR

πŸ‡ΊπŸ‡ΈπŸ’₯❤️πŸ‡ΊπŸ‡Έ. Zimbabwe is going on the gold backed currency system!  πŸ’₯πŸ’₯πŸ’₯.  This is very good for those who hold Zim bonds!  πŸ‡ΊπŸ‡ΈπŸ’₯❤️πŸ‡ΊπŸ‡Έ

"WHERE THE BANKS WOULD GET THE CASH LIQUIDITY THAT THEY NEED?" BY TRUTH WARRIORS, 11 MARCH

 TRUTH WARRIOR

πŸ‡ΊπŸ‡ΈπŸ’₯πŸ‡ΊπŸ‡Έ. Remember that on March 11, Monday, there won’t be anymore money to lend for loans.  What will the banks do? πŸ’₯πŸ’₯πŸ’₯. How long would that go on before the banks break not having any money? Boom boom boom πŸ’₯πŸ’₯πŸ’₯.


 What they will need is their own liquidity of cash.  πŸ’°πŸ’°πŸ’°. 


Where would they get the cash liquidity they need?? 


From the people redeeming their foreign currency. πŸ’₯πŸ’₯πŸ’₯.

 That money will be immediately invested in the banks at a special high interest rate!  πŸ’₯πŸ’₯πŸ’₯.


 It will be a win-win situation for everyone!  Let’s Go! πŸ‡ΊπŸ‡ΈπŸ’₯πŸ‡ΊπŸ‡ΈπŸ‘‡πŸ‘‡πŸ‘‡

https://dinarevaluation.blogspot.com/2024/03/where-banks-would-get-cash-liquidity.html

"RV UPDATE" BY BEARDED PATRIOTUSA, 6 APRIL

"WHERE THE QFS COMES IN?" BY BEARDED PATRIOTUSA, 12 MARCH

 BEARDED PATRIOTUSA

Family: PLEASE READ AND PAY CLOSE ATTENTION TO WHATS HAPPENING……IMPORTANT!!!

πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡


🚨🚨🚨ALERT ALERT ALERT🚨🚨🚨


The collapse of Bitcoin will come when the sovereign bond market collapses.


The Fed ending BTFP all coincides with Basel III


In that the Bank of Japan must be Basel III compliant by March 31st, 2024 (this month)


Janet Yellen will need to issue $5 trillion in new bonds this month (March).


That’s NEVER going to happen for her.


At a time when foreign dollar holders are repatriating their ($150 trillion) dollar reserves to buy back their own currency from the U.S. Treasury.


EXAMPLE: Iraq is using their U.S. dollar reserves to buy back their Dinar from U.S. Treasury which is pushing the exchange rate of the Dinar up considerably.


Then those countries are using *that currency exchange swap to acquire the renminbi in the 4X for the oil trade.


(Foreign dollar holders are just using those dollars to swap out for renminbi)


This is why Japan is ending negative rates, where the Bank of Japan uses their Dollar reserves (bonds) to buy back their yen from the U.S. Treasury. 


Japan raising rates means they’re going to collapse their bond market. (Basel III)


Bitcoins intrinsic value is ZERO.


There IS NO Bitcoin without Dollar liquidity. (i.e. U.S. Treasury bonds)


Whomever is buying UST bonds with yen is a shadow bank.


This is where the QFS comes in.


The U.S. Dollar is likely to crash this month.



https://t.me/Bearded_PatriotsUSA/15720

Responding to your comments regarding REER 04/06/24 BY PIMPY

IN DETAIL.. THE PROBLEMS OF THE OIL FILE BETWEEN BAGHDAD AND ERBIL – URGENT, 6 APRIL

IN DETAIL.. THE PROBLEMS OF THE OIL FILE BETWEEN BAGHDAD AND ERBIL – URGENT

Baghdad Today – Sulaymaniyah

On Wednesday (March 27, 2024), oil expert and advisor for energy affairs at the Patriotic Union of Kurdistan (PUK), Bahjat Ahmed, pointed out the most important problems of the oil file between Baghdad and Erbil.

Ahmed said in an interview with “Baghdad Today” that “the lack of transparency in oil revenues and the high cost ratio at the expense of the region’s profit, led to the inability to cover the budget, with the failure to establish an institution to manage the oil file and not allow the establishment of the oil industry, and the allocation of all oil produced for foreign export, is one of the problems.”

He added, “The legal conditions included in the region’s contracts with oil companies in favor of the Kurdistan government, must be implemented, and the public oil companies listed in the oil and gas law for Kurdistan must be established, and also the absence of a condition in the region’s contracts about setting a ceiling for oil production has allowed companies to pressure oil fields for the purpose of producing the largest possible quantity in the shortest time, and this caused damage to the majority of fields.”

He explained that “there is the publication of fake information about oil reserves in the region, so that oil companies benefit from that information for the purpose of raising the price of their shares on the global stock exchange without Kurdistan benefiting from it one dollar.”

“From 2013 until the cessation of oil exports last year, companies produced one billion and 600 million barrels of oil in all oil fields in the region, and these companies invested about 12 to 14 billion dollars,” he said.

In a sharp statement issued on Monday, the Ministry of Oil of the federal government in Baghdad blamed foreign companies operating in the oil sector in Kurdistan for the suspension of exports through the Iraqi-Turkish pipeline since last March.

Abikour, a consortium of 8 companies operating in the oil sector in Kurdistan that exports 50 percent of its oil to Turkey, claimed in its statement that the Iraqi government has not taken significant steps to open the Iraqi-Turkish oil pipeline and resume the export of oil to the Kurdistan region, despite Turkey’s announcement in October 2023 that the line is ready.

Kurdistan used to export 450,000 barrels per day to Turkey to secure the salaries of its employees and financial revenues, due to the absence of an oil and gas law regulating the management of oil wealth in Iraq. However, the region’s export of oil without reference to the federal government, and without its commitment to pay 250,000 barrels to Baghdad in accordance with the federal budget law, caused deep problems between the two sides, whose catastrophic repercussions were reflected in the standard of living of the region’s residents after the federal government failed to pay the salaries of its employees since 2015, until the region fulfilled its financial obligations to Baghdad.

Bruce’s Big Call Dinar, 6 APRIL

Bruce’s Big Call Dinar Intel Thursday Night 4-4-24
REPLAY LINK Intel Begins 1:05:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHqq6


I could imitate Bruce but since he is listening, it’s making me laugh to just think about that. I’ll just say welcome everyone to the big call on Thursday April 4th – and we really welcome you with open arms and we’re so grateful that we’re all connected – and we’re going to be honoring Bruce who’s making a very, very powerful comeback – but we will miss him. And it’s fun to think of him listening to us isn’t it Bob?

So now we’re going to DJ into the Intel segments  so everybody get ready, or we’re going to try to, honor Bruce again. And I texted him to see if he was looking and I haven’t gotten anything back. But here’s our intel for today – and it’s pretty powerful.

Our number one guy – that‘s how I refer to him often got word that tier three bondholders were going – have been started, and that they were emailed and should get emails sometime tomorrow about kind of where they are, what’s going on – Essentially identifying when they should be getting liquidity.

The next piece is that a paymaster called  our number one guy and said that activity in Reno is off the chart and what makes it significant is that they’ve added security they’ve really beefed up security.

And the reason why they’re beefing up security is that they are at a place where the bondholders that are out in Reno  are doing your Know Your Customer –  KYC –  and they are adding security to smooth that process up — So the fact that they’re, you know, supposedly just off the charts with activity and then they’re adding security to make it go faster, is very, very significant according to the person that reported that to us.

And another person called and said that – I don’t like this generic approach but you just got to take it- every bit. And this was another high up contact  – that this is right on top of us – right on top of us – and why is that even important  to hear something as generic as that – you’ve got to understand that  we have contacts in the bond arena –  In the high up executive watching this –

it would be like if you were sitting at a computer screen, and you could see movement because you’re a high of executive very, very high level executive at one of the top branches that we’re participating in the RV.

 And that is what makes this such a valuable information to get insight on is that these are people that are in positions where they’re witnessing this movement, and they’re reporting it to us and we’re fortunate enough to be able to report it to you and we wanted to say something I want to thank our incredible number one guy for all he has done.

He’s just done so much to get this intel and just be like he allowed the firehose to come through him. so I just want to say that because I think we’ve ever really deeply honored his commitment.

So finally, we’re hearing that we should be, quote unquote, a couple of days away and I said who is this person?  Now this is me speaking, not going through Bruce –  But me speaking to this number one guy They said this is a very high level friend and high level executive and he’s known for a really long time.

So these are people that, you know, it’s not just a casual acquaintance, they really care about this gentleman who is our number one source and he really trust them to give very accurate, very clear and very interested in his welfare and knowing it is our welfare – information – he is a high level executive from the West Coast.

We also had a discussion of hearing overbought, we were trying to confirm it, the scientific approach is to get confirmation in two or three areas.

So we were hearing that by – that there was talk of being asset backed, everything that matters is going to be asset back and then that should be happening this weekend. And we’re checking that out – we still waiting  on our final third confirmation but that was buzz that was coming around. And we got a chance to hear from someone that was traveling.

Let’s say  it was in a caravan, and he’s a very high level person. And he is also saying he contacted our guy last night and said, this is all incredibly close. And did you remember he had gotten a text yesterday? Did you hear that? Oh, no, you didn’t even hear that case we got a text from a top redemption center person.

They said that they had our appointments as being pending, for today. We didn’t have a phone call so I forgot to give it to them. So there was something that said we were pending  for today – But after going what happened to that?  and it hasn’t been said, but I think it’s that the Reno people and the bonds people are still finishing up. They’ve moved this extra security and so to speed the process and that we should be next –  

So the bottom line — And what I would do if I were you is just keep your eyes don’t be clinging or attached – but keep your eyes on your email. I would say — since it’s supposed to be in the next 24 to 38 hours – keep your eyes on your emails for Friday and Saturday.

What I would do is I take it so I just have kind of a sense of space to focus on Friday and Saturday. And then I give it like a little extra boundary and I go okay, maybe Monday /Tuesday. So that’s the way to sort of manage your expectations – focus on Friday and Saturday – your thoughts and your emotion aimed at this – pushing it you know saying see the 800 numbers letting it go.

That actually helps reinforce this actually helps with the intention of this getting out — to see all the people getting all the emails done, getting everything ready, that we’re next –  focus on Friday and Saturday, but also give yourself a cushion and just kind of prepare for maybe a little extra time.

And that will give you a way to feel like they’re supporting getting out in Christ. You’re using your power of your visualization and your thought and feeling which is incredibly powerful. You’re using it to move ahead and you’re looking forward to imagine what it’s gonna feel like when you see the 800 numbers.   We all collectively and the whole of humanity are able to get off the ride.

So that’s our intel  for tonight Bob  and let’s just hold that vision and stay strong and clear.   And I think that’s it for the call.

Assigning two international companies to study the Iraqi banking market, 24 NOV

  Assigning two international companies to study the Iraqi banking market Economy News – Baghdad The financial adviser to the Prime Minister...