Saturday, April 13, 2024

"RV UPDATE" BY BRUCE, 13 APRIL

 BRUCE NOTE, 12 APRIL

Thurs. 11 April Bruce, The Big Call The Big Call Universe (ibize.com) 

 667-770-1866pin123456#:

 “Yesterday (Wed. 10 April) a Source indicated that the window to receive notification for Tier4b (us, the Internet Group) was between now and  Mon. 15 April.

 A Bond Paymaster said that the Military would give the Green Light to the USA Treasury to release the email notification from Wells Fargo.

 I think we can expect release overnight Sun. 14 April to Mon. morning 15 April.

https://dinarevaluation.blogspot.com/2024/04/bruce-note-12-april.html

 Tues. 9 April 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866pin123456#


We are hearing from top people at Wells Fargo that this is ready to go.

By Wednesday or Thursday 10, 11 April we should have the numbers and be able to act on them.

The word is  tomorrow Wed. 10 April through Friday 12 April.
There was a Conference Call on Sat. with all the Redemption Centers and they threatened everybody that anybody leaked any information – they’d call it treason from the people in the RC staff  – then they backed away from that and what we are going to do is  – keep you from receiving any commission so those doing the exchanges receive .025% and that will be removed from them.  

I really think tomorrow or Thursday – and might be a CW Thursday and they are again waiting upon the Release codes from Treasury and I don’t think there is any reason for this to be delayed further.  

We are also looking for Nesara and Gesara to kick in this month  – wasn’t week one, we think increase in SS is still in April though but as far as anything else information is limited and we really have to wait and see what happens in the next couple of days.

Some people saying Friday and Monday but I think we really just have to wait and we are looking for everything to show up and us to move forward between now and Friday.
Sources are drying up and all is quiet

Iraqi DinaršŸ”„Even Massive AnnouncementšŸ“¢ This Time Finally Different Tod...

Advisor to the Association of Banks: The Prime Minister’s decisions in supporting private banks confirm the government’s vision of stimulus and bank reform, 13 APRIL

 Advisor to the Association of Banks: The Prime Minister’s decisions in supporting private banks confirm the government’s vision of stimulus and bank reform

Economy News – Baghdad

Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, said that the seven decisions recently issued in implementation of the directive of Prime Minister Mohammed Shia Al-Sudani, on supporting our private banks confirm the government’s vision in its government platform and its strategy in line with the Central Bank’s strategy to reform the banking sector.

He explained that these decisions drew the executive procedures and support the comprehensive reform.

For the banking sector, which forms the basis and the real beginning of the completed economic reform, which included:

1- Monopoly prohibition in banking services

2- Activating the financing initiatives of the Central Bank

3- Increasing cooperation between private banks and the Central Bank in discussing decision-making related to supporting and developing banking work

4- Determining the contribution of foreign capital in Iraqi banks

5- Participation of government institutions and financing funds with private banks and expanding the opening of branches in countries

The other

6- Supporting the government and the Central Bank of private banks in offshore institutions and banks

7- Increasing reliance on private banks by the Iraqi state and activating the deposit of government deposits

And deposits of government banks with banks

The private

Al-Nusairi stressed that the implementation of the decisions, which came as a result of an in-depth study of the Ministerial Council for the Economy and the presence of the Central Bank of Iraq, the challenges facing private banks, especially after 28 private banks were exposed to the restrictions of the US Treasury by stopping its dealings in US dollars in foreign transfers, are practical applications to motivate private banks to develop their internal and external banking operations, which contributes to economic reform.

He pointed to the importance of discussing this important file to lift US restrictions on these banks during the visit of the Prime Minister and his accompanying delegation to Washington next week.

This file is certainly the focus of the concerns of the government, the Central Bank, the Association of Iraqi Private Banks and the banking sector in general, hoping that efforts will succeed in finding new balanced relations between the American side and our Iraqi delegation in the field of regulating and developing clear foundations for the parties in banking relations in accordance with international standards.

https://economy-news.net/content.php?id=42393

"RV UPDATE" BY SANDY INGRAM, 13 APRIL

  Sandy Ingram 

  The upcoming visit by the Iraqi Prime minister to Washington DC is a significant event packed with potential and fraught with challenges.  The meeting is expected to address a range of issues from the fight against the Islamic State...to Iraqi financial reforms...  As the clock ticks down to April 15, the world watches with bated breath.  Will this be the turning point that ushers in a new era of cooperation between the United States and Iraq?  Time as they say will tell.

 Zimbabwe has a new structured currency... People will have 21 days from Friday April 5th to exchange their currency for the new structured currency...[We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country.  If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq.


 Zimbabwe has a new structured currency...People will have 21 days from Friday April 5th to exchange their currency for the new structured currency...[We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country.  If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq.

"RV UPDATE" BY SANDY INGRAM, 9 APRIL

 Sandy Ingram 

  Iraq's prime minister will be in Washington, DC in less than 8 days to meet with President Biden.

 The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies.  The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued... 

Nominal Effective Exchange Rate (NEER)...It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners.  An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.

 Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion.    Based on Iraq's export partners the Iraqi dinar definitely could be worth more.  However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar...This could happen overnight but it is unlikely.  

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-8-april_01833617722.html

Friday, April 12, 2024

Iraqi DinaršŸ”„Even Bigger Announcement This Time Completely Different Toda...

Sudanese for US companies: The current stability in Iraq encourages them to engage in development projects, 13 APRIL

Sudanese for US companies: The current stability in Iraq encourages them to engage in development projects

Prime Minister Mohammed Shiaa al-Sudani called on US companies to work inside Iraq.

Al-Sudani said, the current stability in Iraq should be encouraging for American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transport and others.

He added that it is also important to fight corruption, which is the other face of terrorism, as its impact is no less destructive, and to work to ensure that the people’s money is directed towards valuable goals, and that we must also work to diversify our economy away from dependence on oil, even while we take advantage of our position as the second largest oil exporter in OPEC (in addition to our acquisition of large natural gas reserves).

Al-Sudani stated that our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors, adding that “the strategic framework agreement laid the legal basis for these activities, and that by investing in them, we will be able to put Iraq in a position that helps it strengthen its democracy, strengthen the state, and strengthen the rule of law, which are the pillars that will allow us to restore Iraq to its historical brilliance.

https://economy-news.net/content.php?id=42383

"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

MAJEED : “Controversial laws will witness a new movement after the legislative holiday!!, 9 JAN

 MAJEED “Controversial laws will witness a new movement after the legislative holiday ” The controversial law and personal status law will ...