"RV UPDATE" BY JEFF, 1 MAY

  Jeff 

  Article:   "Parliament expects the arrival of the 2024 budget schedules"  Quote "...There are efforts to guarantee the right of many segments in the items and schedules of the 2024 budget but they cannot be judged without waiting for the numbers they contain."

 The rate has to change before parliament can approve the amendments to this budget.  This is why I showed you the final countdown a few days ago because I knew this was coming forward and here it is for you...

Mid last week I posted  "The Final Countdown" 

  ...Here's the reason why right here...The approval of Iraq's budget is waiting on the rate change.  That's why it's been outstanding/ pending for 6 weeks.  This week we're entering into will be its seventh week.  In order for them to complete and approve, the budget is waiting for the rate to change ...You're seeing countless articles on this.  This is a critical piece to the timing of the rate change. 

🔥 Iraqi Dinar 🔥 Rate 3.90 DInar to $1 🔥 News Guru Intel Update Value IQD...

The Trade Bank of Iraq decides to stop collecting commissions for five banking services, 1 MAY

The Trade Bank of Iraq decides to stop collecting commissions for five banking services

Economy News – Baghdad

The Trade Bank of Iraq decided, on Monday, to stop collecting commissions for five banking services.

The bank’s media advisor, Aqeel Al-Shuwaili, said in a statement reported by the official news agency, and seen by Al-Eqtisad News, that “starting with the start of the Financial Inclusion Week activities and to encourage savings, the management of the Trade Bank of Iraq (TBI) decided to stop collecting banking commissions for the services described below, as follows: –

1- Stop charging the commission for opening current accounts (free).

2- Stop charging the commission for opening savings accounts (free).

3- Stop charging the commission for opening deposit accounts (free).

4- Stop collecting the commission for issuing an electronic Visa Classic card (free).

5- Stop collecting the commission for issuing a golden Visa electronic card (free).

https://economy-news.net/content.php?id=42962

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 1 MAY

  Frank26 

  [Iraq boots-on-the-ground report]  

FIREFLY: Drone strike at Iraqi gas field kills four.  The crooked are trying now to make it seem unsafe to invest.  Trying to stop this revaluation.

  FRANK:  Ugly people do desperate things but stay strong.  You know it's coming.

 FIREFLY:  No word yet on the budget thus we thinking it will never get there first without the CBI popping the rate first then goes to parliament.  

FRANK:  Yes, 100%...You cannot launch a rocket without fuel.  You cannot launch this budget without the exchange rate...

FIREFLY:  Television is now saying some of the banks that had restrictions on them have been lifted and the others will soon be lifted in time. 

 FRANK:  In time for the new exchange rate!

🔥 Iraqi Dinar 🔥 100% Released the Rate World Wide 🔥 News Guru Update Val...

Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit and issues guidance to the advisors, 1 MAY

Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit and issues guidance to the advisors

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, chaired, this evening, Tuesday, a meeting that included a number of advisors to the Prime Minister. The meeting discussed the file of the Washington visit, and the follow-up of the implementation of the agreements and understandings concluded by the official Iraqi delegation, headed by the Prime Minister, with the American side, during the last visit, based on the government’s approach in closely following up on all the files it is working on, including those related to foreign relations and understandings with Governments of countries, the latest of which is the relationship with the United States.

The meeting witnessed a discussion of the results of the meetings of the Supreme Coordinating Committee (HCC), concerned with activating the framework agreement between Iraq and the United States with its seven axes, as well as a discussion of the important economic partnership file concluded by the Iraqi private sector with major American companies. 

Mr. Al-Sudani stressed the importance of following up on the understandings reached between Iraq and the United States in many areas, in order to arrange the bilateral relationship, in a way that serves the highest interests of Iraq. His Excellency pointed to the need to benefit from the competencies that the Iraqi communities abound in reconstruction campaigns and service provision, In implementing the priorities of the government program, His Excellency described these competencies as idle wealth.

 The Prime Minister directed the advisors to arrange priorities in following up on the outcomes of the Washington visit, and for each advisor to follow up on a specific file, along with the relevant ministry and the Iraqi embassy in Washington, and to submit what is verified from it to His Excellency. He also directed to appoint a special secretariat for the Supreme Coordination Committee ( HSS), and emphasis on continuing periodic meetings, to follow up and review what has been accomplished.

 https://alforatnews.iq/news/%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D8%AA%D8%B1%D8%A3%D8%B3-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D9%8B-%D9%84%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D9%85%D8%AE%D8%B1%D8%AC%D8%A7%D8%AA-%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D9%88%D9%8A%D8%B5%D8%AF%D8%B1-%D8%AA%D9%88%D8%AC%D9%8A%D9%87%D8%A7%D9%8B-%D9%84%D9%84%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1%D9%8A%D9%86

"RV UPDATE: RESPONSE TO BREITLING POST BELOW" BY PIMPY, 1 MAY

 Pimpy 

 [Response to Breitling post below.] 

 To strictly say the sole reason they added the three zeros to the Iraqi dinar is policy based inflation is not accurate.  Yes, it was the central bank of Iraq that devalued the currency...[and] added the 3 zeros...

The first gulf war you can see what the inflation rates were.  1991 - 180%.  That's really high.  '92 - 83%.  '93 - 207%.  1994 - 448%.  1995 - 387%.  When you average all these thing up, by the time we got into re-denomanating the currency and the new Iraqi dinars were created getting away from the Saddam notes and Swiss dinar to the currency we have today all these things contributed to it.

 Hyperinflation, mismanagement, all those things played a key part.  So there is no one thing that happened.