"RV UPDATE" BY MILITIAMAN, 1 JUNE

 Militia Man 

 I don't think anybody's going to be able to prove me wrong, you drop the three zeros, the exchange rate changes from 1 USD to 1.32 just like al-Sudani says.  Do the math it comes out to .76, apply the real effective exchange rate and that's where the show starts big time... .76 is $0.76 - it's slightly less than the dollar.  That's value.  It's not .0007 something.  It's value.  That's what they're talking about - Bringing value to the currency.  That's what Al-Alaq is there for.

 Article quote: "If we assume the Central Bank issues a new currency this will not affect the exchange rate of the Iraqi dinar."  This guy is not wrong...It won't in my view.  The exchange rate will affect the new small denominations though...If they change the value of the exchange rate by dropping the three zeros, therefor the new denominations will be affected by it, which will be value.  It's pretty simple.

 If you raise the value of the currency it's going to have a ripple effect...Instead of being a pebble...or a brick in the pond this might be a boulder.  There's going to be some waves.  The World Bank, IMF, US Fed, US Treasury...Bank of International Settlements, everybody's going to need to know what you're going to do and when you're going to do it and pretty close. 

 They're not going to be broadcasting it like everybody thinks, 'What's the date and what's the rate?'  That's not how it works.  But we study it close enough to where...we can see it can't be far off...

If they're going to have liquidity and they don't have it now it's going to require new small category denominations to be in circulation.  Just as al-Alaq's project to delete the zeros would require new denominations.   Did they do that in 2018 and have them in storage?  I believe they did...

They increased that gold supply by about 40 tons...Their currency reserves are around $110 billion.  They have a massive amount of wealth.  They have the ability to support their imports for about 16 months they say, which is about 5x what they need.  That's important.  They don't want to reduce those.  They'd like to keep them on hand...Iraq has a good foundation for Alaq to do what he's supposed to do and it'll only get better if he does.

If they change the value of their currency they're going to have more surpluses...The oil price is about $70 in the 2023 budget.  That hasn't changed for '24 or '25 because that's a tripartite budget.  They got a surplus.  Oil is somewhere around $80.  It's been as high as $91ish.  The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel...Iraq is going to be sitting pretty good...They have phosphates...sulfur...natural gas...Those non-oil revenue streams...taxes and tariffs are going to come online...Iraq has a good foundation for Alaq to do what he's supposed to do.

 Iraq is moving forward.  They've got huge reserves...increased their gold, they're going to have the private sector, their stock exchange is going to be one to reckon with.  It's an emerging market and a lot of money is going to be start flowing...

If they go on the Forex system it's going to be international.  It's going to be fast and furious. 

 Could they do something within the county prior to that?  

Sure, why not, educate the citizens, do what they got to do...

 Question:  People want to know if they can drag this out until next year? 

 Militia Man: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide...I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamese dong. 

Are they going to change the value of their currency...? 

 I'm pretty sure they are going to need to to pay for all these [reconstruction] objects...rebar, the cement - all that stuff is expensive at 1310.  It's not so expensive if it's back at a 'previous era'....If they have the true value, their real effective exchange rate, it's going to be far cheaper...

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-25-may.htm

Iraqi Dinar ✅WOW World Bank Announced IQD Exchange Rate Today 2024 / IQD...

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UN Security Council to conclude UNAMI by end of 2025, 1 JUNE

UN Security Council to conclude UNAMI by end of 2025

UN Security Council to conclude UNAMI by end of 2025

Shafaq News / On Friday, the UN Security Council decided to conclude the United Nations Assistance Mission for Iraq (UNAMI) by the end of 2025, following a request made by the Iraqi government about two weeks ago.

The Security Council voted on this decision during a session held today, commending the Iraqi government for resolving internal issues and acknowledging the progress made in achieving the goals set by the government’s program and priorities.

The unanimously adopted resolution extends the mandate of the mission, established in 2003, for a final period of 19 months until December 31, 2025.

Several members of the Security Council, including Russia and China, had previously supported Baghdad's request to end the UNAMI mission by next year. However, the United States did not immediately back this move.

Abbas Kadhim Al-Fatlawi, Iraq's Deputy Permanent Representative to the United Nations, reiterated Iraq’s request for the UN to terminate its political mission by the end of 2025, stating that "the mission has achieved its objectives."

On May 21, Prime Minister Mohammed Shia Al-Sudani formally requested in a letter to UN Secretary-General Antonio Guterres that the UN conclude its assistance mission to Iraq, UNAMI, by December 31, 2025. 

He indicated that the mission's remaining efforts this year should focus solely on finalizing work related to economic reform, service provision, sustainable development, climate change, and other developmental aspects.

Established in 2003 under United Nations Security Council Resolution 1500, at the request of the Iraqi government, the UN Assistance Mission for Iraq (UNAMI) role expanded significantly in 2007 under Resolution 1770.

At the outset of its operations in Iraq, the Mission faced a tragic incident in August 2003 when a terrorist bombing targeted its headquarters at Al-Qanat Hotel in Baghdad. 

The attack destroyed the hotel, claiming the lives of 23 staff members, including the Special Representative of the Secretary-General for the United Nations, Sergio Vieira de Mello. 

The Mission, headquartered in Baghdad's heavily fortified Green Zone, is also tasked with collaborating with government partners and civil society to coordinate the humanitarian and development initiatives of UN Agencies, Funds, and Programmes. 

The UN Iraq explained that while UNAMI doesn't directly implement humanitarian and development programs, it amplifies the importance of these issues in Iraq. It facilitates connections between Iraqi partners, including the Government and civil society organizations, and the technical expertise offered by the UN entities in Iraq.

"RV UPDATE" BY MARKZ, 1 JUNE

 MarkZ 

  [via PDK]   There was a real good article...on Vietnam joining BRICS… ”High Level Talks indicate Vietnam poised to join BRICS... Great News for VND”  This is great news as it shows their growing strength and manufacturing dominance of Vietnam. And they are pushing for their currency to be worth more as they join this asset backed group of BRICS….

Question:  You mentioned your gut thinks the RV could happen between June 2 and 9th… Is that still valid? 

 MarkZ:  Based on what I am hearing from the bond side, government side and group side…To me it’s what makes the most sense.  But, I am not ruling out any moment, because it’s a strong possibility...But its highly possible it happens this weekend...I was once told the optimum time would be on a Saturday night to Sunday morning.

“Futures slide as bond yields spike to a 3 week high”  We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live.  This bond market is in shambles. I was always told to watch for this just before the reset…and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line. 

This is pure gold this morning…  Article:  “US Ambassador praises Iraq’s official adoption of E-Payment system”  This particular US ambassador is well known as the “Ambassador of re-valuations”  She usually gets sent to whatever country whose value is about to change. She is there in Iraq right now.

 It certainly is a “push” ...They are talking about it openly in the Iraqi news. …They are blatant on this one  “The impending rate change”.  They are telling us what they are doing... Articles in Iraq say clearly that the dinar is going to be worth more than the US dollar. 

[via PDK] 

 did hear some interesting things from military contacts. One in particular kinda surprised me overnight...don’t panic because they do their best to cloud  the timing...He said “Do not worry- it will be before July 4th.” We will have it all before July 4th. Actually a couple military contacts gave me that same time frame. I still have great hopes for sooner...it is interesting they have plans to have it completed by July 4th…For all we know it could happen tomorrow…nobody knows the timing.

 Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started?  I do not know.

   I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-27-may.html

Vietnam Dong It’s Massive High Update 🔥VND Rate Update latest

the document.. The House of Representatives votes next Monday on the budget schedules, 1 JUNE

the document.. The House of Representatives votes next Monday on the budget schedules

 MP Mustafa Sanad announced that the House of Representatives intends to vote on the fiscal budget schedules for 2024.

Sanad published a copy of the session’s agenda and limited voting to the budget tables and indicated that it would be held at 3 p.m.
“The Finance Committee has not voted on the schedules and has not prepared its report” so far, Sanad said.

https://alforatnews.iq/news/بالوثيقة-مجلس-النواب-يصوت-الإثنين-المقبل-على-جداول-الموازنة