"RV UPDATE" BY MNT GOAT, 6 MAY

 Mnt Goat  

 I feel we have been in a critical period of the currency reform program since January of last year 2023.  Now we are in a “vital” period.  Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.

    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!

BREAKING: Iraq's Budget REVEALS Shocking Truth About The Country's Future!

Within A Week...More Than One Billion Dollars In Sales From The Central Bank Of Iraq, 6 MAY

 Within A Week...More Than One Billion Dollars In Sales From The Central Bank Of Iraq

Economy | 04/05/2024   Mawazine News – Baghdad  The Central Bank of Iraq's total sales of hard currency for the US dollar amounted to more than one billion dollars during the period in which the auction was opened last week.

During the past week and for the week-day period in which the auction was opened, the Central Bank sold 1 billion 348 million 235 thousand 509 dollars, at a daily rate of 276 million 847 million 19 dollars, lower than what it recorded last week, which amounted to 1 billion 354 million 297 thousand 9 dollars.

The highest dollar sales were on Wednesday, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were on Sunday, when sales amounted to 270 million, 897 thousand and 422 dollars.

It is noteworthy that sales of foreign remittances during the past week amounted to 1 billion, 317 million and 475 thousand dollars, an increase of 95% compared to cash sales, which amounted to 66 million and 760 thousand dollars.

The sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar.   https://www.mawazin.net/Details.aspx?jimare=247277

Former Iraqi Bank associate and Iraqi bank owner #1 update BY WALKINGSTICK, 6 MAY

 Walkingstick  

 [Former Iraqi Bank associate and Iraqi bank owner #1 update] 

 He just left Bagdad...he went to Hong Kong. What for? 

 He's got banks he's representing the CBI with, out there.  These satellite banks are everywhere. They want their 3-zeros back. 

 They don't want them to go into anybody's federal reserves.

-----

Question: "What's the next major step that has to happen?"

  We're looking for Sudani to make an announcement...They're going to come out and talk to them.  It'll happen pretty much at the same time.  It is leading up to that event.

 [Iraqi Bank owner colleague #1]   

 The results from the meeting #1 was having with the CBI these last few weeks all of that information is now coming to the citizens 'to be revealed'.  That's happening right now...a massive campaign of education to the citizens.  This phase is talking to the citizens. 

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-walkingstick-30-april.html

[Iraqi Bank owner colleague #1 ]

   The results from the meeting #1 was having with the CBI these last few weeks all of that information is now coming to the citizens 'to be revealed'.  That's happening right now...a massive campaign of education to the citizens.  This phase is talking to the citizens. 

The new exchange rate is determined by the CBI on behalf of the GOI...  

------- 

Question: "Will Aki  

[Walkingstick's Iraqi Bank owner here in the US] 

exchange dinars for US citizens at his bank?"

  Yes!  That's the whole purpose.

FRANK26: SAYS

  Walking Stick was on the phone with Frank during the subway. The head of Walking Sticks, who owns banks and ATMs in Iraq and Jordan, and his friend who runs his bank in Dearborn, Michigan, are at this big meeting at the CBI, with the 964-person delegation that was in D.C. Everyone is in this meeting. 

It is the Arab Monetary Fund, the International Monetary Fund, the World Bank, all the companies and investors who have contracts are saying these words, about lower banknotes and a new exchange rate. Everyone knows that the exchange rate is about to change. Eddie said on television saying The budget will come to Parliament next week. Walking Stick and Frank believe that the exchange rate will rise and force parliament to hold an emergency session. Then Parliament would have to vote. There is too great a possibility of insider trading (parliament are criminals). Walking Stick says Sudani wants this now. Promises must be kept. Do you remember that they audited the banks? Maliki's State of Law Party tried to raise $600

Millions of dollars. The entire party is being shut down by the IMF, the FMA and the CBI. They were funneling funds to Iran across the border into Iran for their own enrichment. They and the private banks were closed. That's why they think that with all the corruption, they will have to announce the new exchange rate and the parliament will hold an emergency vote (after the exchange rate change). The CBI determines the exchange rate.

  Sudani and CBI are working together. Those sanctions were lifted in time for a

  Change of fee. Everyone at those meetings will be on stage with Sudani, including the two friends from Walking Sticks. Walking Stick says Sudani will make the presentation, and this will happen after that. Sudani wants it now, everyone is there waiting. It shouldn't take long.

  -All credit to Frank and his team!

TRANSLATE SPANISH

Miércoles 24 Abril 2024

FRANK26 : DICE

Walking Stick estaba hablando por teléfono con Frank durante el metro. El jefe de Walking Sticks, propietario de bancos y cajeros automáticos en Irak y Jordania, y su amigo que dirige su banco en Dearborn, Michigan, están en esta gran reunión en el CBI, con la delegación de 964 personas que estaba en D.C. Todos están en esta reunión.  

Es el Fondo Monetario Árabe, el Fondo Monetario Internacional, el Banco Mundial, todas las empresas e inversores que tienen contratos están diciendo estas palabras, sobre billetes más bajos y un nuevo tipo de cambio. Todos saben que el tipo de cambio está a punto de cambiar. Eddie dijo en la televisión diciendo El presupuesto llegará al Parlamento la próxima semana. Walking Stick y Frank creen que el tipo de cambio aumentará y obligará al parlamento a celebrar una sesión de emergencia. Luego El Parlamento tendría que votar. Existe una posibilidad demasiado grande de uso de información privilegiada (el parlamento son delincuentes). Walking Stick dice que Sudani quiere esto ahora. Las promesas deben cumplirse. ¿Recuerdan que auditaron los bancos? El Partido Estado de Derecho de Maliki intentó recaudar 600 dólares

Millones de dólares. Todo el partido está siendo cerrado por el FMI, el FMA y el CBI. Estaban canalizando fondos a Irán a través de la frontera hacia Irán para su propio enriquecimiento. Ellos y los bancos privados fueron cerrados. Por eso piensan que con toda la corrupción, tendrán que anunciar el nuevo tipo de cambio y el parlamento realizará una votación de emergencia (después del cambio de tipo de cambio). El CBI determina el tipo de cambio. 

Sudani y CBI están trabajando juntos. Esas sanciones se levantaron a tiempo para una

Cambio de tarifa. Todas las personas en esas reuniones estarán en el escenario con Sudani, incluidos los dos amigos de Walking Sticks. Walking Stick dice que Sudani hará la presentación, y esto sucederá después de eso. Sudani lo quiere ahora, todos están ahí esperando. No debería pasar mucho tiempo.

-¡Todo el crédito para Frank y su equipo!

https://dinarevaluation.blogspot.com/2024/04/call-with-walkingstick-and-frank26.html

Iraqi Dinar | Iraq Set to Float Currency and Unlock Billions! | Iraqi Di...

The Central Bank Sold More Than A Quarter Of A Billion Dollars In The Currency Auction Today, 6 MAY

 The Central Bank Sold More Than A Quarter Of A Billion Dollars In The Currency Auction Today

Sunday 05, May 2024 15:54 | Economical Number of readings: 108  Baghdad / NINA / The Central Bank of Iraq’s dollar sales amounted to more than 276 million dollars on Sunday at the currency auction.

A statement from him explained that the bank sold in its auction today 276 million and 568 thousand and 264 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

He added that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 264 million 748 thousand and 264 dollars, an increase of 94% over cash sales amounting to 11 million and 820 thousand dollars.

He explained that the number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 30 companies./ https://ninanews.com/Website/News/Details?key=1124791

"RV UPDATE" BY MILITIAMAN, 6 MAY

 Militia Man

   Article:  "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate."  

We've seen a few articles over the last week openly talking about the types of regiments that are exchange rate oriented, whether it's a fixed float or pegged etc.    Saleh has spoken about it, he says it [floating] is dangerous ...the environment would not be good so it wouldn't be the best choice... Circumstances for the country of Iraq which is still primarily a rentier, which means oil based, it's best to have a fixed exchange rate...

Rebuilding the country is not going to happen anytime soon with 1310...Obviously they've got something else in mind because they've already said they've launched the projects, therefore there's contracts involved.  What the rates are with the contracts that's private information...They know how to keep things quiet until the right time...