"RV UPDATE" BY SANDY INGRAM, 16 MAY

 Sandy Ingram  

It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue.  It appears until Iraq updated its banking system the country could not participate in the global financial platforms...The bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.

The IQD was not convertible to other currencies on global markets before the 2003 invasion...Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets...People with education in economics say the Iraqi currency will be readily available for exchange in US banks...The question then becomes - 

 How long will it take US banks to recognize the currency after the initial increase in Iraq?  Oh, you believe it will all happen on the same day? 

 We would hope so, however this is unlikely... Savvy investors may have to travel for the exchange rate ...If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? ... We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-sandy-ingram-13-may.html

 The World Bank is working with the Iraqi Finance Minister to implement banking reform as quickly as possible...things are happening fast.

Shocking documents from Iraq's Federal Board of Supreme Audit have uncovered a massive corruption scheme.  Over 151,000 citizens were involved in the illicit buying  of US currency...[They] obtained dollars at the official state rate for travel purposes but never left the country.  The black market refers to them as "ghost travelers". 

 [We] are thinking the Iraqis sold the dollars for more money than they invested.  As a result of the corruption Iraq's Central Bank employees, private banks, currency exchange companies and tourism firms were all involved.  This is a $600 million corruption scam involving the US dollar... 

When in Washington, DC he [Al-Sudani] met with the chair of the governing board of the JP Morgan Development Finance Institution (DFI), Daniel Zelikow.  Prime Minister Al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday during his visit...In Davos, Iraqi Prim Minister al-Sudani with Mr. Khaled Haballah, the regional CEO of JPMorgan Chase for the Middle East and North Africa...

 Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States.  Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S. 

 The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...

On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House.  This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html

Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States.  Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S. 

 The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...

On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House.  This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html

Banking System On Verge Of Collapsing? Here's How Many Banks At Risk Of ...

"IRAQ HAS A TIMES SQUARE JUST LIKE NYC !!!" BY FRANK26, 16 MAY

 KTFA

FRANK26: "IRAQ HAS A TIMES SQUARE JUST LIKE NYC !!!"...........F26 

International Development opens a new branch in Times Square in Basra

 

5/15/2024

 

The International Development Bank announced the opening of a new branch in the Times Square Center in Basra Governorate, confirming its adoption of a new strategy to enhance banking services and stimulate investment in southern Iraq.

He said in a statement received by Shafaq News Agency, “The first day of yesterday (May 13), the International Development Bank opened its second branch in Basra Governorate, in Times Square Mall, to provide its banking services to citizens and businessmen in this vital region of southern Iraq.”

He stated that this opening comes within the bank's strategy to expand and modernize its effective network of branches, with the aim of providing high-quality and convenient banking services to customers.

The bank's authorized director, Saad Faiq, said that this branch will be an important tributary to economic development in Basra and will enhance investment and growth opportunities in the region. 

LINK

 

Iraq repays IMF loans in full, 16 MAY

Iraq repays IMF loans in full

Mawazine News – Baghdad

The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced today, Thursday, the repayment of International Monetary Fund loans to Iraq since 2003, and while he indicated that their total did not exceed 8 billion dollars, he confirmed that they had been repaid in full.

Saleh said, according to the official agency, “Since 2003, the International Monetary Fund has provided several loans to Iraq that were aimed at supporting macroeconomic stability and implementing financial reforms. Between the years 2003 and 2021, Iraq obtained several financing programs from the International Monetary Fund, including loans.” Emergency and relatively long-term financial assistance.

He added, “In the first years after 2003, the Fund provided significant support to Iraq through various programs, including the SBA Credit Readiness Program and the Rapid Financing Instrument. For example, in 2016, the International Monetary Fund approved an SBA Credit Readiness Program worth 5.34 Billions of dollars to support economic reforms in Iraq, and Iraq received two-thirds of the above amount, and it was paid in full within five years.”

Saleh continued, “In 2021, Iraq requested an emergency loan worth $6 billion from the International Monetary Fund, and it appears that the loan was not materialized because it was not linked to one of the Fund’s programs at the time,” noting that “methods of cooperation with the International Monetary Fund have been targeted to support government reforms.” And confronting the economic crises that resulted from the decline in oil prices, which were linked to fluctuations in the balance of payments and its effects on economic activity.”

He stated, “Since 2003, the value of loans and financial aid granted by the International Monetary Fund to Iraq has amounted to several billion dollars, and their total does not exceed 7 to 8 billion dollars, and they have been fully repaid, with a focus when granting loans on implementing programs linked to supporting macroeconomic stability and implementing reforms.” necessary finances.

https://mawazin.net/Details.aspx?jimare=248117

Dinar RV News Today🔥Iraq Boosts Gold Reserves: What It Means for the Ira...

"SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE" BY FRANK26, 16 MAY

KTFA

FRANK26: "SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE".........F26

The Iaqi government discusses the transfer mechanism in the Kurdistan Regional Government's budget allocations

5/15/2024

Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, chaired, today, Wednesday, a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024.

A statement issued by the ministry stated that during the meeting, a number of files on the agenda were discussed, including a discussion of the mechanism for transferring Kurdistan Regional Government allocations within the budget tables, especially with regard to employee compensation, social care, and regional government revenues, and the mechanism for handing them over to the federal government, as stated. In the decision of the Federal Court, the Financial Administration Law, and the State General Budget Law.

According to the statement, the meeting also discussed maximizing revenues to reduce the percentage of the deficit contained in the general budget by creating legal texts to include electricity sales and local oil sales as revenues in the budget tables.

The meeting was attended by: Deputy Prime Minister, Minister of Oil Hayan Abdul-Ghani, Minister of Construction, Housing and Municipalities Benkin Rikani, Minister of Electricity Ziad Ali Fadel, Head of the Financial Supervision Bureau, Ammar Sobhi, advisors to the Prime Minister for legal, economic and strategic affairs, and the head of the Legal Department in General Secretariat for the Council of Ministers.

The Kurdistan Regional Government delegation participated in the meeting, which included the Minister of Finance, the Chairman of the Regional Council, the Cabinet Secretariat and the head of the Coordination and Follow-up Department.

Yesterday, Tuesday, a delegation from the Kurdistan Regional Government arrived in the capital, Baghdad, to discuss the 2024 budget.

The Kurdish delegation's visit coincided with the arrival of Kurdistan Region President Nechirvan to Baghdad and his meeting with Federal Prime Minister Muhammad Shiaa al-Sudani.

Yesterday, May 14, Prime Minister Muhammad Shiaa Al-Sudani directed that an “extraordinary” session of the Council be held next Sunday, to discuss the federal budget schedules for the year 2024.

The Minister of Endowments and Religious Affairs in the Kurdistan Region, Pashtwan Sadiq, said last Thursday, the ninth of this month, during a press conference held in Erbil, the capital of the Kurdistan Region, and attended by Shafaq News Agency, “We will continue dialogues with the federal government, and we are confident that we will be able to resolve the issue of salaries and others.” One of the problems based on the Iraqi constitution.”

He added, "In the coming days, a delegation from the Kurdistan Regional Government will go to Baghdad regarding technical issues."

LINK

"ABOUT THE hypothetical Market Crash: WILL IT? WON'T IT? FROM GINGER LOUNGE ROOM ON TELEGRAM, 16 MAY

GINGER

Enlightening discussion in GLL chat among family today in regards to the hypothetical Market Crash. Will it? Won't it? Thank you kindly Liberty Loungers Extraordinaire 💥 for your super insights! 5.16.24 

 FilAm, Admin: I'm gonna go on record, It's not going to crash. The WHs are not going to let it happen, the idea of a stock market crash is a narrative fed to us by the DS to keep our vibrations lower collectively. In fact, I can see a transition with a very relatively smooth, orderly fashion.

Christina Cats: I agree 💯. I follow Elena Danaan & she has been consistently saying no crash. Alliance is in control of this situation & their view is we people of Earth have had so much distress & crashing the market will cause much chaos. Also Tarot by Janine did a reading more than once about the market crash etc. 

Cards showed over & over no crash but what has been happening is Alliance is strategically & carefully taking out DS hold on the stock market. Look how many DS players “sold many shares of their stock” over the last 6 months. 

No fear. No panic. 🫶🏼✌🏼

Pops Call: I agree with you. This is a transition. the crash narrative was on the table, if you look at this from a military perspective. it was an option, and influenced by the BH. As we can now see, the precision of this operation, as daunting as it is, is being executed with a transitional objective. If we consider what goldilocks posts, and other market indicators, and reliable news sources, we see a transition.

 Transitions take longer, but the casualties are less. Imagine if we did have a collapse. look at the chaos that would ensue. the destruction, casualties, turmoil. It's painful to us because we see it, but the "normies" still don't see, until we are there. And that is our objective, to be there with our experiences to pick them up when they fall apart.  From the 40k view, this is the most phenomenal mission ever undertaken, with no room for failure. IMHO