Saturday, April 6, 2024

"RV UPDATE" BY PIMPY, 7 APRIL

  Pimpy 

 Article: "Iraqi economy faces threat as US closes oil revenue account"  This latest move by the United States is something I'd be a little concerned about...Why the hell would you do that...?  Maybe Biden is going to tell Iraq, 'You don't need these accounts no more.  We're going to go ahead and turn everything over to you.  All this is now in your control.'  Which would be good for Iraq...It would be a big move on the United States part to go ahead and turn over all of that money to Iraq...

The protection of Iraq's assets and funds were because you had tons of individuals...companies and corporations...nations going after Iraq for one reason or another...If everyone was allowed to sue Iraq then it would take forever for Iraq to recover...What we need to find out is once the protections are lifted are those individuals that could have sued Iraq in the past able to sue them now?  What they've done is turn over all of the money to Iraq to handle from now on.  

  Here's the good and the bad of everything...With Iraq in control of the Development Fund they have access to that money...There are no restrictions on it.  They don't have to ask permission to get the money when they do their budget.  That is a huge step forward.  In addition to that it just wouldn't look good for Iraq to go into the World Trade Organization having anther country control the money that you use for trade or anything else.  So yes, that is another huge step toward reinstating full sovereignty for Iraq


 The only thing left is to remove the troops out of Iraq.   No more coalition forces...US military, get them out of there.  Then Iraq would have full sovereignty It is exciting.  But the real reason why the United States closed the fund is because...there was an audit done, there's billions of dollars missing...The big question is, well who's responsible for those missing billions?  Is it the United States or is it Iraq?  Not to mention the money that was sent to Iraq for projects were being mismanaged, misused and somehow come up missing..

Iraqi Dinar 🔥 The Celebration at the End🔥 Guru Updates Latest RV News Ex...

FISCAL AND MONETARY POLICIES SUCCEED IN UNDERMINING THE PARALLEL DOLLAR, 6 APRIL

FISCAL AND MONETARY POLICIES SUCCEED IN UNDERMINING THE PARALLEL DOLLAR

The exchange rates of the dollar in the parallel market witnessed a noticeable decline, reaching yesterday, Monday, around 146 thousand dinars per 100 dollars, a number that specialists believe may decline further in the coming periods as a result of the success of the financial and monetary policies, stressing that the superiority of the official market, represented by the platform for selling the dollar.

The Central Bank, in meeting the needs of foreign trade, led to a decline in the effects of the parallel market for the green currency, while specialists attributed the reasons for this decline to the introduction of the customs automation program (ASYCUDA).

According to specialists, this decline constituted a positive factor in controlling the prices of goods and materials in local markets. They expect inflation rates to decline in the coming periods if monetary policy continues to succeed in meeting foreign trade financing.

In an image that confirms the solidarity of the executive and legislative authorities to confront the effects of the parallel market, the Parliamentary Finance Committee hosted earlier the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss a number of important files, most notably the procedures for addressing the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade remittances. Through (the platform).” Al-Alaq indicated during the hosting that there were ongoing meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it concerned with monitoring its activity.

In the midst of this, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, believes that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the “Parallel” market and receding its illegal activities.

Saleh pointed out to the Iraqi News Agency “INA”, that “the decline in the parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects :

financial, monetary and commercial,” pointing out that “the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and containing seasonal price fluctuations for high-demand items, specifically providing basic goods related to consumption and daily living for citizens,” noting “the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing stability.” price and guarantee 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.”

Confirming the views of the government advisor, the economic expert, Manaf Al-Sayegh, pointed out that “the existence of coordination measures between the financial and monetary policies indicates the presence of a sound reading among the pillars of the Iraqi economy, and that the strategy that was developed to enhance the value of the dinar has begun to bear fruit.”

However, Al-Sayegh, during his talk to “Al-Sabah,” urged the necessity of knowing the real measures that led to the decline in the parallel exchange rate to ensure its sustainability during the coming periods, with the aim of absolutely controlling the green currency and preventing its rise again, stressing that this decline in the exchange rate could achieve a number of economic gains, The most prominent of which is controlling the prices of goods and materials in local markets, and reducing the rise in inflation rates during the coming periods, and therefore this is in the interest of  Supporting individual economics.

Al-Sayegh pointed out that the past few days witnessed a clear decline in the demand for the dollar in the parallel market, which led to a decline in its exchange rate, indicating that the decline in demand resulted from meeting the needs of financing foreign trade by the Central Bank, and therefore the dinar can gain a lot during the coming periods if it is filled. Most of the external financing needs of the private sector.

Dadoush also believes during his talk to “Al-Sabah” that “this decline will positively affect the level of per capita income, and will also push people who hoard the dollar to give it up and sell it, which could contribute to the continued decline in the exchange rate, indicating at the same time that this decline in the currency Green prices will ultimately lead to a positive effect of controlling the prices of some goods necessary for the individual, while the rest of the goods, especially luxury goods, will remain high as a result of their connection to global prices, which are high mainly as a result of global inflation.

"RV UPDATE" BY SANDY INGRAM, 6 APRIL

 Sandy Ingram  

Deleting the zeros will not change the currency's value, at least it has not changed the currency's value for any other country that has deleted the zeros.  [We] could not find information on the Central Bank of Iraq's website  or any other reliable Iraqi news blog on deleting the zeros the past 24 months.

Sandy Ingram   

 I would say [They] do not want us to have wealth from our investment in the Iraqi dinar.  

  Why?  Because it would become too difficult for them to continue to control us.   We are the ones they do not want to give power to...When I...imply Iraq will go on to readjust its currency and we may not be privileged to participate in the profits this is where I am coming from.  Iraq readjusting its currency does not mean the country will join the global financial platforms.   Saddam never did and his currency was worth 1 dinar to 3 US dollars ...Will they allow the people of Iraq to connect with the people outside of Iraq on the Forex market ?

We often talk about $0.10 to $0.25 to one U.S. dollar.  People get upset but that is what could happen without a reval.  ; And most of the [Dinar investors] would experience a six-figure profit if the currency just went up to 10 cents to 1 U.S. dollar .


 We often talk about $0.10 to $0.25 to one U.S. dollar.  People get upset but that is what could happen without a reval.   And most of the [Dinar investors] would experience a six-figure profit if the currency just went up to 10 cents to 1 U.S. dollar.

A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024.  President Biden is set to host this crucial meeting...It's not all about military... the meeting is also expected to tour upon Iraqi financial reforms...This is the reason this meeting is important for Iraqi dinar investors.  The US...undoubtedly has a vested interest in the successful implementation of these reforms

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-29-march.html

Iraqi Dinar 🔥 It's Fantastic Huge Step Forward 🔥 Guru Updates Latest RV ...

SANAD: WASHINGTON IS BLACKMAILING BAGHDAD WITH DOLLARS, AND THE SUDANESE GOVERNMENT MUST END THE SANCTIONS FILE, 6 APRIL

SANAD: WASHINGTON IS BLACKMAILING BAGHDAD WITH DOLLARS, AND THE SUDANESE GOVERNMENT MUST END THE SANCTIONS FILE

Independent MP Mustafa Sanad called on the government of Muhammad Shiaa al-Sudani to expedite discussions on removing foreign forces.

Sanad said in a televised interview followed by Mawazine News: “The Iraqi government must strongly adopt the Iraqi files, and the most important of these files are the foreign presence file and the banking file, stressing that there are Iraqi banks that were contributing to the activity of the economic cycle and were closed by Washington.”

He added, “The existence of some violations among these banks does not require closing them and assigning Jordanian or Gulf banks to carry out their work, and this is considered the biggest mistake.”

He pointed out that “the US Federal Reserve has reduced the pumping of dollars to Iraq in the recent period, and we hope that this file will be discussed during the Sudanese’s upcoming visit to Washington.”

"RV UPDATE" ABOUT VIETNAM" BY GOLDILOCKS, 6 APRIL

 Goldilocks   

Article:  "Viet Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region"  

Quote:  "As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency."


LUANG PRABANG — Việt Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region."


Vietnam is currently engaged in monetary policy and monetary cooperation initiative changes. 


They are currently taking active steps to be more inclusive on the international stage in terms of market growth and commitment to sustaining that growth with partnerships that will enable them to improve economical standards of living. 


Their new Basel 3 compliant banks will allow them to show collateralization and ability to make higher volume trades than before through proof of the ability to transact on both sides of a trade.


As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency. 


© Goldilocks 


https://vietnamnews.vn/economy/1653304/viet-nam-participates-in-asean-meetings-boosts-financial-and-monetary-cooperation.html

TIDBIT FROM FRANK26, 24 NOV

    Frank26      Question:  " Will the rate change prior to [December] 31st IYO? "    It is my hope, it is my desire but if you sh...