"RV UPDATE" BY KAPERONI, 7 APRIL

 Kaperoni 

 There is no RV and there is no delete three zeros going to occur in the near future.  Only with the success and growth of Iraq's only economy can the dinar ever go up in value.  

Kaperoni  

IMF report:  "Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission" 

 Quote: "The authorities should therefore seek to enable private sector development, including...modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms...and continued efforts to...reduce corruption." 

 I have been stating something similar for years.  If the Iraqi dinar is ever going to go up in value, it's going to be as a direct result of Iraq diversifying and growing their economy.  Iraq needs to quit stalling and pass legislation to encourage and invite investment into their own country. 

 If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply.   As well, a gradual increase reflects the economic growth of the economy.

I remind people again Iraq's entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars. With over 100 trillion dinar in circulation Iraq could never RV the dinar!  Only with the success and growth of Iraq's economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq's GDP increases.

 I still have significant concern over Iraq wanting to redenominate (LOP) their currency. There  are numerous educational symposiums teaching the citizens about such an event. This is a very real possibility. 

Article "US and Iraq agree to start talks to end presence of US-led coalition"

The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.

 there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.

 There is no significant RV of the Iraqi dinar.  And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy.  There are no shortcuts.

  Article:   "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."

 If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.

I hope each and every one of you find success in this investment...It may take time.  It may  be another 1 to 5 years.  I certainly hope not but I believe things could happen quickly over the next 36 to 48 months.  It all depends on Iraq.  

 ...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq.  And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance .

 A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate.  Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.   When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.   Now Iraq is on the clock to accomplish such.

There's a new article out that many people are translating and confusing.  They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. 

 Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.

    A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-10-dec_0650267841.html

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Will Market Rally Last Or Is A Crash Imminent? | Jessica Inskip

MP calls for the return of $215 million belonging to the Iraqi bank, 7 APRIL

 MP calls for the return of $215 million belonging to the Iraqi bank

Baghdad

First Deputy Chairman of the Parliamentary Integrity Committee Alia Nassif on Saturday called on the Prime Minister, the Public Prosecution and the Director of the Iraqi Trade Bank to put an end to the people who drain the money of the Iraqi people by looting the bank's funds.

She said in a statement received by the information that "the Iraqi Trade Bank lost $ 215 million as a result of issuing judicial rulings in favor of the so-called (AA) and the so-called (SNA), which raises suspicion of the existence of cooperation between them and some influential within the bank.

"Nassif stressed the need for "concerted efforts between the government, the judiciary and the director of the bank to recover the money from these two individuals and cooperate with the bank's management in the campaign to recover all the funds that leaked during the previous years25."

"RV UPDATE" BY WALKINGSTICK, 7 APRIL

 WALKINGSTICK

Executive order 13303 was the protection of the DFI funds of their oil money.  All protected by the United States of America...

No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds... 13303 was not sighed.  This is good.  It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...

 There's nothing like the facts. Everything they're telling the Iraqi citizens is a fact because it's coming from the right sources.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-walkingstick-5-april.html 

Walkingstick 

 The citizens of Iraq are not exchanging for the float.  They're exchanging for purchasing power.  That's all the Iraqi citizens get.  They only get purchasing power of their currency which is everything to them.  

"ABOUT THE STATEMENTS RELEASED BY GOI RELATED THE IQD" BY WALKINGSTICK, 17 MARCH

 Walkingstick 

 There were a few statements released by the GOI officials regarding their currency.  The coming value at the onset of the release was revealed.  That value was disclosed at/in negotiations...

----

 [Iraqi bank friend Aki Update] 

They had a zoom meeting.  It was with the CBI, all other banks and US Treasury, IMF, everybody, they were all in this zoom meeting.  

They told him a lot but the only important thing...was I was told once again, 'We need you to be back at the bank because at anytime you are going to be very busy.'  Aki is just like you and I, sitting there waiting...

 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] 

 About two weeks ago   we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens . 

 They were very very precise pictures of the lower notes.  It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested. 

 You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now  ..

.The new software will be with them and the banks within this week.

https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html  

 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] 

 About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. 

 They were very very precise pictures of the lower notes.  It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested. 

 You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now..

.The new software will be with them and the banks within this week.  

https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html

Iraqi Dinar🔥Congrats IQD Holders Redemption Centers Calling Today 2024🔥i...

Do not burden Sudanese’s visit to Washington with more than its “true meaning.” What exactly is its purpose?, 7 APRIL

Do not burden Sudanese’s visit to Washington with more than its “true meaning.” What exactly is its purpose?

 The political and academic researcher, Hani Ashour, stressed today, Friday, the importance of not burdening the upcoming visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America more than its true meaning.

Ashour told “Jarida”, “The visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America is a protocol visit within the framework of joint relations between the two countries in the security, economic, political and other areas that were previously agreed upon, in addition to what is included in the strategic framework agreement.” “.

He added, “All prime ministers since 2003 have made visits to the United States of America and met with the American President, except for Adil Abdul Mahdi, due to the incident of the assassination of Al-Muhandis and Soleimani. Therefore, this visit should not be burdened with more than its true meaning. Rather, it comes within the framework of the existence of agreements with the International Monetary Fund.” The US Treasury is concerned with the Iraqi financial and economic situation, and there are agreements that must be activated in this regard.”

He pointed out that “linking the visit to a future political project for the Sudanese is unlikely, as evidenced by the fact that Al-Kadhimi had visited Presidents Trump and Biden, but that did not help him assume the second term. Therefore, the Sudanese visit does not go beyond activating previous agreements and signing new agreements in the fields of security, armament, and the exit of American forces from Iraq and drawing A scenario for this exit, in addition to joint cooperation on economic and investment issues.  link

"RV UPDATE" BY MARKZ, 7 APRIL

 MarkZ

  [via PDK]  

 Question:  Is this weekend still in play? 

  MarkZ:   I do not think this weekend is in play. But many others believe this weekend is still in play. Most of what I am hearing is they expect most of the historic bonds to start between the 15th-22nd. Then Currency exchanges following directly on its heels. But, none of us know the timing. They cloud it on purpose

 Comment:  Ramadan ends April 9th or 10th…then 3 days of Eid El Fitr…where they like to give each other gifts…. It would make sense for Sudani to give it to the people of Iraq before Eid El Fitr.  

MarkZ:   That would make sense...that is the celebration at the end of Ramadan. It would make a lot of sense for Sudani to release it about then.