"RV UPDATE" BY MARKZ, 13 APRIL

 MarkZ 

  [via PDK]  Iraq now has full control of its funds and one of the requirements now that it has control of its funds...to pay back the United States. It cannot do that at a rate of 1310. But it can easily do it with a value change. I believe the next 10-11 days are going to be huge.

Question:  Where will redemption
centers be?  MarkZ:  I have been told this over and over that the majority of the US - 90% of us will have a RC within 50 miles of where we live.  The only people who may have a longer  drive are those in rural areas…low populations like the Dakotas and Wyo…They will not release exact locations before the event starts for security. 

 [via PDK]   I do have one Iraqi contact that is convinced we are in a day or two. I think he may be premature…but he is convinced it is this week. He does work in the Iraqi government so he may know more than I do. I am hoping he does. But I am keeping an eye on it.

  I heard there will be more activity from Redemption banks for later this month as they are getting some last minute instructions...  They even used the term “Last minute instructions” So I take that as a very good sign.  I am hopeful we are in the last few days or weeks at worse….

  Question:    Do you think things have started?  MarkZ:   After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-markz-11-april.html

Iraqi Dinar 🔥 Out of Country $3.86 Exchange Rate🔥 Guru And Latest RV New...

Mazhar Saleh: The launch of government spending in the coming weeks will constitute 50% of the gross domestic product, 13 APRIL

Mazhar Saleh: The launch of government spending in the coming weeks will constitute 50% of the gross domestic product

} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Friday, that the launch of government spending in the coming weeks will constitute 50% of the country’s gross domestic product.

Saleh told {Al-Furat News} agency, “The launch of government spending after the adoption of the federal general budget schedules for the year 2024 in the coming weeks will constitute the most important incentive in moving the joints of aggregate demand in the national economy.”

He added, “Government spending or demand constitutes approximately 50% of the country’s gross domestic product.”

From.. Raghad Dahham

https://alforatnews.iq/news/%D9%85%D8%B8%D9%87%D8%B1-%D8%B5%D8%A7%D9%84%D8%AD-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A7%D9%84%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%A3%D8%B3%D8%A7%D8%A8%D9%8A%D8%B9-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-%D8%B3%D9%8A%D8%B4%D9%83%D9%84-50-%D9%85%D9%86-%D8%A7%D9%84%D9%86%D8%A7%D8%AA%D8%AC-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A

"RV UPDATE" BY FRANK26, 13 APRIL

 Frank26 

  Iraq is a sovereign nation now with a sovereign currency.  Therefore IMO Sudani goes to Washington to deal with Monetary Reform and banking advancement...Billions and billions are retuning to Iraq.  It's an incredible amount of money that's coming back.  It'll [DFI?] probably come back to them now or after the 15th when Sudani comes back.

 ...We are in the best position possible.  We already went to the banks in Ohio.  We already opened an account - Checking/Savings whatever you want...Some banks are willing to talk and say a little bit...I respect those banks.

  The banks that are telling me that, 'No we don't know anything.  No, it's a scam.  No, it's never going happen.' ...I will never do business with those banks.  Never...I'm going to start with Chase...We can go to Well Fargo...

Iraqi Dinar 🔥 Out of Country $3.86 Exchange Rate🔥 Guru And Latest RV New...

Internal Affairs: The national card will be the basis for all transactions, 12 APRIL

Internal Affairs: The national card will be the basis for all transactions

 Economy News – Baghdad

The Ministry of Interior confirmed on Friday that the national card will be the basis for all transactions.

The Director General of Civil Status, Passports and Residency, Major General Nashat Ibrahim Al-Khafaji, said, “There is prior coordination with the Ministry of Commerce and Planning and the Election Commission so that the national card is the basis for all transactions.”

He pointed out that “the basis of electronic governance in the national card is that its data is real, in addition to the presence of a face image, eye print, and fingers, and all of these things were not present in the status records.”

Al-Khafaji added, “Any citizen can be easily identified in the national card system, so the Prime Minister and the Minister of Interior paid great attention to the project and the cadres are able to register all Iraqis.”

https://economy-news.net/content.php?id=42399

"RV UPDATE" BY PIMPY, 12 APRIL

 Pimpy 

 There still seems to be some major confusion about what a real effective exchange rate is versus an actual nominal exchange rate...A Real Effective Exchange Rate is for assessing its trade capabilities...an increase in the nations REER is an indication that the exports are becoming more expensive and its imports are becoming cheaper.  It is losing its trade competitiveness.  So the REER is used to check out its competitiveness with other trade partners.  That's it...It's not the same thing as a nominal exchange rate...  

 I read this book [ Quest For Good Money]...I kept playing with the numbers, reading my ass off...This is the formula they use [to determine the exchange rate]...The person that wrote the book said if they can get their inflation down, at it is down,...

and they can catch up to their dinar price parity...it should be at the pre-war rate...which is over $3.00.  So I did the formula based on all the information they gave me, it came out to $3.56...I said wow, that's going to be phenomenal...that is worth getting excited about...The study does tell you that there's no reason Iraq can't be the most valuable currency out there...The question is always going to be whether they re-denominate or not.