"KTFA FAMILY, I TOLD YOU SO... THEY WILL NEVER TELL YOU THE TRUE AMOUNT BY FRANK26, 15 MAY

 KTFA

FRANK26: "KTFA FAMILY, I TOLD YOU SO... THEY WILL NEVER TELL YOU THE TRUE AMOUNT".....F26 

Iraq increases its gold reserves to exceed 145 tons

5/14/2024

Baghdad

Iraq's gold reserves witnessed a noticeable increase during the month of February 2024, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.
This increase indicates Iraq's continued strategy to diversify its foreign reserves and enhance financial and monetary stability in the long term.
Gold is a traditional safe haven for investors, especially during periods of economic and geopolitical uncertainty.
This step by Iraq comes at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 per ounce.
Iraq is among the countries that possess large amounts of gold reserves in the Arab region, as it ranks fourth after Saudi Arabia, Algeria, and Morocco.
In general, this increase in Iraq's gold reserves is considered a positive indicator of the health and strength of the Iraqi economy.

LINK

 

"RV UPDATE" BY FRANK26, 15 MAY

 Frank26  

 Article:  "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?"  Floating the dinar, oh my goodness, they are talking to the Iraqi citizens about the monetary reform...Floating the dinar is what they're going to do...

 Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off.  I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.  

Question: "Do you think the rate will be on Forex?"  Yeah!  The Forex will be one of the very first to receive it.

This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical.  There's not reason for it...These fils paper or coins and the exchange rate are not activated yet.  They are all in the background waiting for when Sudani says it's time.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-frank26-14-may_0418709882.html

Iraqi Dinar | IMF And World CBI Governor Big Announcement About IQD Rv |...

"KTFA... YOU WILL NEVER SEE 1 TO 1 REMEMBER.......... PARLIAMENT WILL NEVER SEE THE BUDGET... REMEMBER THAT" BY FRANK26, 15 MAY

KTFA

FRANK26: "KTFA... YOU WILL NEVER SEE 1 TO 1 REMEMBER.......... PARLIAMENT WILL NEVER SEE THE BUDGET... REMEMBER THAT"..........F26

A deficit exceeding 75 trillion, and this is the date of its arrival.. Parliament’s finances talk about the 2024 budget

5/13/2024

 Baghdad
 

Today, Monday, the Parliamentary Finance Committee expected the schedules of the general budget law from the government to reach the House of Representatives this week, while it determined the expected deficit percentage.

Committee member Faisal Al-Naeli said, in an interview followed by Al-Iqtisad News, that “the House of Representatives is awaiting the arrival of the budget schedules and the start of discussing its provisions and making the necessary amendments to them by the Finance Committee to ensure the proper implementation of the government curriculum.”

He pointed out that "indicators confirm that the schedules will reach the House of Representatives this week in order to proceed with their approval as quickly as possible."

In turn, a member of the Parliamentary Finance Committee, Moin Al-Kadhimi, revealed the expected deficit in the current year’s budget, indicating that it may exceed 75 trillion dinars.

Al-Kadhimi said, “The current year’s budget amounts to 228 trillion dinars, with a planned deficit of up to 75 trillion.”

He added, "The budget included total revenues and spending in the amount of 150 trillion dinars, indicating that the government seeks for actual spending to be 228 trillion."

He pointed out that "the committee will amend the budget schedules during the second reading."

LINK 

"RV UPDATE" BY MARKZ, 15 MAY

  MarkZ  

 [via PDK]  

 Gold is up in Iraq- meaning Iraq’s gold reserves rose significantly. They are preparing to be unplugged from the SWIFT.  To do that they are going to need a new value.

We are looking for a lot of information throughout the day today.  Question: Are we close? 

  MarkZ:    If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds...I have a good feeling about the next couple of days. I think we are going to see positive things today and tomorrow…to let us know where we are at in the process...

I still continue to hear phenomenal hopes from bankers for the coming days/weeks.

 Question:   Does the VND have a contract rate? 

 MarkZ:   I wouldn’t call it a contract rate – more like a pre-negotiated fee/whatever for a maximum rate. The reason there is a contract rate on the IQD is the dinar for oil program …allowing them (US Treasury?) to exchange dinar for oil over time instead of all at once.

 There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV - are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-11-may.html

🔥 Iraqi Dinar 🔥 MANAGED FLOAT AT $4 🔥 News Guru Intel Update Value IQD E...

Iraq raises its gold reserves to exceed 145 tons, 15 MAY

Iraq raises its gold reserves to exceed 145 tons

Mawazine News Baghdad

Iraq’s gold reserves rose significantly during February 2024, as IMF data showed that Iraq had increased its possession of the precious metal by 3.079 tons, bringing the total to 145.661 tons.
This increase indicates that Iraq’s strategy continues to diversify its foreign reserves and promote long-term financial and monetary stability.
Gold is a traditional safe haven for investors, especially in periods of economic and geopolitical uncertainty.
The move comes by Iraq at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 an ounce.
Iraq is among the countries that have large amounts of gold reserves in the Arab region, where it ranks fourth after Saudi Arabia, Algeria and Morocco.
In general, this increase in Iraq’s gold reserves is a positive indicator of the health and strength of the Iraqi economy.

https://www.mawazin.net/Details.aspx?jimare=247934