"RV UPDATE" BY SANDY INGRAM, 21 MAY

  Sandy Ingram 

  Several members of the UN Security Council including Russia and china...backed Baghdad's request for the world body's political mission in Iraq to shut down by next year.  Washington did not immediately offer its support.

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

Jon Dowling & Gus Moyer & Suzanne Holt Discuss Energy Healing Technologies

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"AND... WITHOUT PARLIAMENT INTERFERING!!!" BY FRANK26, 21 MAY

 KTFA

FRANK26: "AND... WITHOUT PARLIAMENT INTERFERING!!!".....F26

The Council of Ministers holds an extraordinary session to discuss the budget schedules

 

---- 5/19/2024

The Council of Ministers held an extraordinary session headed by Prime Minister Muhammad Shiaa Al-Sudani to discuss the schedules of the federal general budget for the year 2024.

A member of the Finance Committee, Moeen Al-Kadhimi, said in a press statement that “the Council of Ministers will vote today on the budget schedules, and then they will be sent to Parliament within a week,” expecting that “Parliament will take a month to pass the 2024 budget schedules.”

He stressed that "bonuses and promotions will be added, and this matter has nothing to do with the budget tables, and the Ministry of Finance must add these bonuses."

LINK

 

"RV UPDATE" BY KAPERONI, 21 MAY

 Kaperoni

  Article: "Specialists: Economic integration and job opportunities await development"  Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we're beginning to see such steps.

Article:   "IMF Executive Board Concludes 2024 Article IV Consultation with Iraq" 

 My preliminary review are  the Article IV Consultation clearly emphasizes the urgency to diversify their economy in raising non-oil revenue...There's also significant discussion encouraging Iraq to continue to develop their banking system and remove excess liquidity. 

 These comments from the IMF are obviously meant to encourage them that the opportunity is now to develop and accelerate economic growth...as well as to take significant steps forward with their banking system engaging with banks outside of Iraq. 

 From these documents, it is very clear that Iraq still has a lot of work to do. And I do not see in the near future any change in monetary policy until progress is made.  Again, creating the conditions for economic  growth appears to be the focus.  

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-18-may.html

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Iraqi Dinar - Hidden Rates and Floating Iraqi Dinar - Iraq's Monetary Re...

"THE CENTRAL BANK TEACHES THE MONETARY REFORM TO THE IRAQI CITIZENS." BY FRANK26 , 21 MAY

 KTFA

FRANK26: "THE CENTRAL BANK TEACHES THE MONETARY REFORM TO THE IRAQI CITIZENS."....F26

The Central Bank of Iraq strengthens the banking sector with specialized courses

 

May 19, 2024

 

The Center for Banking Studies at the Central Bank of Iraq, in cooperation with the German Organization for International Cooperation (GIZ) and the project to strengthen public financial management and financial markets in Iraq (FFM), held a celebration on the occasion of the launch of the specialized certificate program accredited by the University of Frankfurt and funded by the European Union and the German government.
The program, which targets banking sector employees to develop their practical capabilities, includes several certificates, including a certified credit analyst and a risk management expert.
The Director of the Center for Banking Studies at the Central Bank of Iraq, Dr. Haider Hussein Ahmed, on the sidelines of the celebration, said that the bank, in partnership with the relevant authorities, seeks to provide the best training programs for banking sector employees to raise and develop their practical capabilities and keep pace with technological and cognitive progress.
It is noteworthy that the training program for specialized certificates will begin in June 2024 and end in October of the same year.
 

Central Bank of Iraq
Information Office
May 19, 2024

 

https://cbi.iq/news/view/2582

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"RV UPDATE" BY MNT GOAT, 21 MAY

  Mnt Goat

  Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or...export more products... 

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Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time...The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan... I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty.

Article:  "THE DOLLAR IS REELING FROM A FATAL BLOW AND THERE ARE FEARS OF A COLLAPSE OF THE DINAR"  ...let me say with 1000% certainty the dinar is NOT going to collapse...

Can you see just how close Iraq is to fulling Al-Sudani’s promise of making the dinar a proud national currency once again. Also remember too that he did say it “was” valued over a dollar already...

Article:  IRAQ TALKS ABOUT PRODUCING ONE MILLION LITERS OF GASOLINE DAILY  

 Quote:  “increase refining capacity production rates and improve production in national refineries to reach self-sufficiency and gradually shift to exporting them to global markets..."  Well…well…it's about time that Iraq got these refineries up and running. Lots of articles about this effort over the last ten years. Did I hear of another export product here?

  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.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-mnt-goat-7-may.html

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!

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-mnt-goat-6-may.html