"RV UPDATE" BY MNT GOAT, 4 MAY

 Mnt Goat   

 In what they have already accomplished just in the last 16 months, it would be silly to turn back now. Amazing progress in such a short period of time compared to 30 years. They have come further than ever before. I say this not for hype or for the sake of being overzealous. Instead, I stick to the FACTS of what the news has been telling us recently and what my CBI contact has been telling us...Iraq has kicked the proverbial can down the road long enough and it is time...time to go global...Iraq will not survive unless they do something BIG with their currency soon and I mean very soon!

We know this problems of sanctioning the banks is holding back the final push of the reinstatement. Part of the solution, as they tell in an article entitled “A FIXED OR FIXED EXCHANGE SYSTEM FOR THE IRAQI DINAR” helps us understand the solution better. Please, please go read this article as it explains in very good detail why the reinstatement of the dinar is stalled,  what the problem is and what is the part of the solution (which I believe they are about to implement). Again, it gives us the issue and also the suggested solution. But I believe at this point it is much more than a suggestion. WOW, WOW, WOW.

Now at least you can understand the issue as to the hold up by the US Treasury and the problem in implementing a solution. Again, I will tell you that the reinstatement plan of 2011 tells us they intend to repeg the dinar and get off the de facto peg to the sole dollar and move to a new peg of a basket currencies. Sounds to me like they are getting ready to do it and are in the last phases of discussion. So, what comes out in an article this period?

An article is telling us exactly what I have been telling you all along. Folks they are educating the public about the old de facto peg they are now on to the new peg they intend to use in this article. Go read the article! Enough said…. Didn’t they just tell us last week in an article that to execute the Project to Delete the Zeros needed an educational process first?

https://dinarevaluation.blogspot.com/2024/05/about-recent-news-of-iraq-part-1-by-mnt.html

Iraqi Dinar✅Iraqi Dinar Massive Latest Update Today 2024 / Iraqi Dinar N...

Al-Sudani: There is no alternative to upholding the state’s word, protecting the constitution, and enforcing the law in Iraq, 4 MAY

 Al-Sudani: There is no alternative to upholding the state’s word, protecting the constitution, and enforcing the law in Iraq, 4 MAY

Head of the state Muhammad Shiaa Al-Sudani focused, on Friday, the need of what he called “maintaining the expression of the state, safeguarding the constitution, and upholding the law” in Iraq.

This was said in a speech he gave today at a celebration in Baghdad, the capital, to mark the Asaib Ahl al-Haq movement’s founding anniversary.

Al-Sudani said in the discourse, “The public authority is moving, upheld by wide parliamentary and famous will, towards accomplishing maintainable turn of events.”

He went on to state: Today, our nation enters the stage of production, infrastructure construction, economic stimulation, job creation, overcoming obstacles, and establishing its sovereignty.

Al-Sudani additionally focused on that “we as a whole bear the errand of implementing the law, and building the structure of equity, equity, and institutional steadiness,” focusing on that “there is no option in contrast to maintaining the expression of the state, safeguarding the constitution, and upholding the law in the country.”

"RV UPDATE" BY MILITIAMAN, 4 MAY

 Militia Man 

 Article quote:  "The dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met..."  This is a topic that's been out there...fixed exchange rates...They're talking about a new exchange rate...fixed exchange rate or floating exchange rate.  They're talking about it for one reason, because a new exchange rate is coming...A. Are they going to float the currency?  B.  Are they going to peg it to a currency or a basket of currency and fix it?...

 Everything is falling in line for Iraq to go international.  You haven't see the salaries paid yet...you haven't seen the oil start pumping yet into Turkey...Why?   Because they haven't shown us or exposed an international real effective exchange rate.  That's my view on it.

When you talk about drop the three zeros...Al-Sudani's goal is to bring purchasing power to the his citizens.  When he said $0.76, that's purchasing power.  It's not a lop.  It's purchasing power.  If you have a lop you don't have purchasing power, you just have a change in denomination...They're going to bring purchasing power to the citizens.  All of that is happening before our eyes.  

 Quote on X [Formally Twitter] There's some information out there today that says the Central Bank of Iraq's governor has advised citizens to get ready for a currency exchange...Whether it's true or not we're going to find out...The reason why I bring it up is because that kind of to be expected, they're having financial inclusion...they're talking about that.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-3-may.html

Iraqi Dinar | Word Bank Big Announcement About Rate Fixed Of Iraqi Dinar...

Investing in local gas instead of burning it in oil fields is a government demand!, 4 MAY

Investing in local gas instead of burning it in oil fields is a government demand!

Iraq spends approximately five billion dollars annually on gas imports, which could be reinvested in the state budget if local gas were invested in energy production. This step’s success may be contingent on a number of factors, the most significant of which is the availability of project-specific technical skills.

There are many difficulties that substitute the method of nearby gas venture, the most noticeable of which is the presence of ideological groups that advantage from gas imports, notwithstanding their endeavors to deter most financial activities, as indicated by subject matter experts.

"RV UPDATE" BY KAPERONI, 4 MAY

  Kaperoni  

 Article:  "The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an important condition” As I have mentioned numerous times, a float is coming for the Iraqi dinar. The question is.. when will they have sufficient diversification of the economy to support such an event?

 A country's currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq's economy can the dinar rise in value.

[aka Kaperoni]  

Article:  "Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform" 

 Quote:  "the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely."  ...this is huge news... Iraq cannot end the auctions unless they have an alternative to the auctions... which means they plan to float the dinar by the end of the year...floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency... 

 They will also have to use dinar to pay for goods and services which will make the dinar internationally traded...they want the banks and Iraq to establish relationships around the world with International standards and full compliance which means that means IMF Article XIV...This seems pretty clear and excellent news. We very well see that Iraqi dinar float on the global market at the end of this year or early next year...I think it's very promising...it definitely is very good news. 

https://dinarevaluation.blogspot.com/2024/04/analysis-of-iraq-news-by-kaperoni-11.html