"RV UPDATE" BY PAULETTE, 19 APRIL

 Paulette 

  Article:  "Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy"  Quote: "The visit comes in a very heated situation and everyone is awaiting its outcomes, and the Sudanese carries...ideas and projects that move towards consolidating the relationship with the American side and transferring it from the process of guardianship to friendship...In a way that allows Iraq to assume its pivotal role in the region."   As I have been stating...Iraq needs the US Guardianship to end!! (UN 1483)

Article quote:  "Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states."  Will one State be Florida????  Mar-a-Lago???

IMO UN resolution 1483 will have to be lifted to allow Iraq to be totally sovereign as it established the US and UK as "occupying forces"...This is in essence "Guardianship" or "Receivership"...Absent the lifting, the US has to give Iraq permission to do most anything Internationally including "currency reinstatement"...I am hopeful that internal control of the money structure is exclusively in the hands of the CBI so they can at least move to the RD/RV stage of their monetary reform...If not, the upcoming US visit of Sudani may very well be pivotal... Saleh...recently stated he was unsure of the status of 1483 according to news articles...

This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar.  This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD.   Looking it at the other way, this is 0.0007575 USD to 1 IQD.  If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD.  If they drop 2 zeros:  13.2 IQD to 1 USD or 0.07575 USD to 1 IQD.  If they drop 3 zeros:  1.32 IQD to 1 USD or .7575 USD to 1 IQD.  Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD

...What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less.  If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. 

 We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD.  Realize, they post how many IQD it takes to purchase 1 of another currency.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-paulette-14-march.html

  Community Comment:  "...The rate doesn't matter but "freedom of movement of capital" is important.  That is Article 8 compliance."  They cannot be Article 8 compliant if the country is functioning under a MCP.  A MCP [Multiple Currency Practices] includes a parallel rate of greater than 2% of the official rate by IMF definition.  Saleh said last year that the parallel rate is "REQUIRED" to be 2% or less of the official rate...This 2% or less needs to be maintained for a period of 90 days.  The parallel rate is still around 14% difference. 

 Question:  "I thought they met all the requirements [to join the WTO]?"  All the articles say they have legislation that needs to be passed and the next meeting is in the "middle of the year.

Question:  "When is Iraq supposed to be in the WTO?"  Not before they pass needed legislation, eliminate the MCP [Multiple Currency Practices] and are recognized as having accepted IMF Article 8 obligations.  Accession Committee next meeting with Iraq is planned for the "middle of the year".

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-paulette-11-march.html

Iraqi Dinar Revaluation Confirm By IMF Global Outlook 🔥Iraqi Dinar RV La...

Returning Halbousi as parliament president. The frame supports and progress confirms: there is no substitute for it, 17 APRIL

Returning Halbousi as parliament president. The frame supports and progress confirms: there is no substitute for it

Shafaq News / The forward party confirmed, on Wednesday, that there is a possibility for its leader Mohammed Al-Halbousi to return to the presidency of the House of Representatives, while revealing that this idea was put forward by parties within the coordination framework.

“So far, there is no development regarding the election of a new speaker of the House of Representatives, nor do we believe that there is an alternative to Halbousi so far, and the return of Halbousi to his post is possible and there is a legal and political possibility to achieve this matter,” the party’s leader Mohamed Al-Alawi told Shafaq News.

Al-Alawi added, “The idea of the return of Halbousi to the presidency of the House of Representatives was raised by some parties to the coordination framework and the return is through legal and judicial frameworks.”

He continued: “If the Halbousi does not return, we do not think there is an alternative that he will be from him and we expect that the position of Speaker of Parliament will continue to remain vacant until the next parliamentary elections, everyone is aware of the difficulty of electing any replacement during the coming period.”

The Sunni political house is witnessing fierce competition over the succession of Mohammed Al-Halbousi, whose membership was abolished from the House of Representatives by a judicial ruling, while his party “Progress” insists on retaining the position, considering that it has a parliamentary majority within the Sunni component (43 seats), at a time when his opponents of “sovereignty, determination, and decisiveness” see the position as a share of the component without adhering to a certain political title.

The Sunni house is seeking to quickly resolve the position of Speaker of the House of Representatives, which was supposed to take place after the first session of the parliament that followed the exit of Halbousi, so that there is a new working mechanism of the council and the resolution of projects and laws that are broken in this regard, “but the accelerating events and the entry of the Federal Court on the line disrupted the selection.

The Iraqi Council of Representatives has failed several times to choose a president to succeed Mohammed Al-Halbousi, who is excluded from the position by a decision of the Federal Court, which ordered the termination of his membership.

Since the termination of Halbousi’s membership in the House of Representatives, the House has held several sessions, but the issue has not been raised in those sessions because the heads of the political blocs did not agree on the replacement candidate.

https://shafaq.com/ar/سیاسة/عادة-الحلبوسي-ر-يسا-للبرلمان-ال-طار-يدعم-وتقدم-ي-كد-لا-بديل-عنه

"RV UPDATE" BY MNT GOAT, 17 APRIL

 Mnt Goat

  I was told by my CBI contact that the currency swap out will happen as they will not hide this event and must inform the citizens (education process...). Yes, they also have to explain the exchange swap-out process and how it will work along with descriptions of the newer lower denominations.

 The CBI will then post those pictures of the lower denominations my contact told me were taken weeks ago. So, just wait and watch it all play out...You should be excited...with FACTUAL knowledge...

 Article:  "IRAQ’S FINANCIAL REVENUES EXCEED 11 TRILLION DINARS (about 11 Billion US Dollars) WITHIN A MONTH"  Yes, even in a “rentier” oil economy the Iraqi dinar can still maintain a realistic rate of at least $3 or more...

April is the Goal for RV/RI?🚩Banks on High Alert!🤔Iraq Dinar RV Updates ...

Reassurance from Kurdistan: Baghdad will send employee salaries next week, 17 APRIL

Reassurance from Kurdistan: Baghdad will send employee salaries next week

Mawazine News – Baghdad
, a member of the Kurdistan Regional Parliament from the previous session, Jihad Hassan, confirmed today, Wednesday, that the Federal Ministry of Finance will send the salaries of Kurdistan employees without any delay.

Hassan said in an interview followed by Mawazine News, “Baghdad will not need lists of employees in Kurdistan because they exist, and therefore it is hoped that salaries will be released in the middle or end of next week.”

He continued, “After releasing the salaries of employees in other Iraqi governorates, the salaries of Kurdistan employees will be released without any problems, as the lists of employees have been sent and the understanding exists that the salaries will be sent until the issue of nationalization is completely completed.”

https://www.mawazin.net/Details.aspx?jimare=246125

"IRAQ BOOTS ON THE GROUND REPORT" BY FRANK26, 17 APRIL

  Frank26  

 [Iraq boots-on-the-ground report] 

  FIREFLY:  Reported on our television...Part of the government delegation saying we will witness a rapid drop in the dollar in the coming days. 

 FRANK:   Whoop there it is! ...They're about to put up those screens to show you the lower notes when Sudani returns... 

 FIREFLY:  Television is showing the CBI governor and team is meeting with the United States of America Treasury Department about the Iraq banks saying it's about the rehabilitation of these banks to the United States Treasury regulations.  Talking about those banks are needed for the reform to maximize.  

FRANK:  Didn't I tell you these 28 banks are the key part of the reinstatement?  But that would be internally.  Externally that's like Aki [Walkingstick's banking friend in the U.S.] and the private banks.