"STATUS OF THE RV" , PRT. 2 BY MNT GOAT, 6 JUNE

 ..What else is in the news?

I want to clarify some news floating around dinar-land about this budget issue. Appears that the parliament voted on the budget tables on Monday. 

So the cabinet (finance committee) forwarded this year’s budget tables for the allocations to the districts to parliament for a vote. It passed. There is a huge deficit in this budget.

 Many of these idiot intel gurus are telling you lies by using this deficit as their excuse to make, once again, a mountain of intel out of a bit of news. 

They tell their listeners that once the budget is passed in parliament it will trigger the RV and the RV will reduce the deficit because the dinar will be worth more. Really? I have a bridge for sale in NYC too if you are interested? LOL.. LOL..

Trust me when I say this in that any RV is not going to happen to shrink the deficit. How silly and stupid thinking is this. Oh… but of course these intel gurus will tell you anything to get your attention. RV, RV, RV everything is about the RV.

Yes, the deficit is NOT going to trigger the RV or the project to delete the zeros. Get it? Do we all have to get on the roller coaster ride again, only to enjoy the ride but to be disappointed once again when its over? To shrink the deficit parliament can do one of many things: 

1. Change the allocation schedule and allow more revenues to come it to pay for the projects not yet funded thus delay the project or 

2. Simply amend the budget to shrink it or 

3. Ask for a loan from the IMF to pay for it. More than likely they will choose #1 and/or #2 as they already told us they do not want to borrow again from the IMF.

4.Change the rate of the dinar greater than the dollar thus it will purchase more, thus reduce the deficit. 

I will also add that these intel gurus out there do not have proof of what they say and it is all just speculation and once again is more guessing. For them its just a guessing game, get it? Especially, this cigar smoking, half brained idiot from TNT. For all you TNT puppeteers did you listen to the TNT call from your slave master on Friday May 31st ? Today is Monday and so where is the RV? The vote is taken already. This is just more bullshit, yet another event to watch that amounted to, once again, absolutely nothing…

I have told everyone over and over again the real issues to watch are the banking reforms and what the CBI and Finance Committee are doing in this respect. 

Please go review again the steps in the DR Shabibi plan that will get to the reinstatement. To date it appears they may have finally found a way to control the parallel market rate but I was told by my CBI contact that they still need more time to watch it before they claim any real stability.

 I can see that issuing the dollars to these 24,000 pilgrims could have a substantial impact as they released more dollars but did it hopefully in a safe way that can’t be stolen and abused. I am still not sure how all this is working and don’t want to speculate. Just give it time and we will eventually see why the CBI decided to do this the way they did.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

PIMPY: Gold Silver and Crypto update for 06/04/24 -Thou shall not steal the boo...

Al-Sudani and Syrian President discuss security and economic cooperation, 6 JUNE

Al-Sudani and Syrian President discuss security and economic cooperation

Shafaq News/ On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani discussed bilateral relations with Syrian President Bashar al-Assad in a phone call. According to a statement from Al-Sudani's office, the call covered a range of issues, including security coordination between Iraq and Syria in combating terrorist remnants and other security challenges. The two leaders also explored avenues to "enhance cooperation in various fields,
 particularly economic sectors." The discussion also addressed regional developments, notably the ongoing conflict in Gaza. Al-Sudani and al-Assad stressed the need for a "unified Arab, Islamic, and international stance to address the continuous Israeli aggression and alleviate the suffering of the Palestinian people."

"STATUS OF THE RV" PART. 1 BY MNT GOAT, 6 JUNE

STATUS OF THE RV

Welcome to June. We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors. Why do I say this? Remember I am only telling you what I read in articles and what my CBI contact relays to me. I am not a financial planner or banker. I cannot give you any investment advice. 

Oh… let me guess the RV did not happen as TNT Tony idiot told you it had to happen by the end of May. Oh …. Wasn’t it also by the end of April, but before that it was March then February, bla, bla, bla. Just a bunch of lies predicated on nothing truthful, honest or with any hard evidence to back up what they say to you.

I want to start my news today by explaining a very interesting article titled “CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE”. You can find the entire article in the Articles Section of today’s Newsletter.

I would consider this “WOW!” news. We must ask ourselves why now this article. So, on Monday a member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed to us and I quote from the article –“ that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.” These are nice words but what do they mean?  

He then goes on to say – “The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations.”  And then “ If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar.”

So, what does this all mean? What is being said here. Let me explain this article to you.

This article only reinforces once again what I have been saying all along. Another one of those “I Told You So” moments. If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. It only changes when the reinstatement back to FOREX occurs and you take the dinar and trade it thus exchanging dollars to buy dinar or visa versa. This is why I have been saying all along that the value is already in the dinar only the rate, right now, does not reflect the true rate. Please go the page on my blog showing you how this works with an example. This is the  LINK. This is why I posted this additional page on my blog. I encourage everyone to please go read it carefully.  

Next let me point out something else. Why now on May 27th did the CBI make this announcement about the issuance of newer lower denominations? Could they be heading into June for the redenomination of the three zero notes? What do you think?

Last week the decision was made by the UN to end UNAMI’s mission in Iraq and this is a big step. Oh.. I really mean a HUGE step towards full sovereignty. The United Nations is looking through another eye at Iraq now and is following up on all political, security, social and economic activities. The government of Iraq has a major role in this transition, and it is a major step to prove that Iraq has a different title and status and the need for complete sovereignty and dealing with the country on the basis of this entitlement. Yes, Iraq has announced the phase 2 initiative. Phase 1 set the foundation for what is about to happen in the banking and investment sectors. 

....BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar Holders Hold Your Dinar 🔥 Iraqi Dinar Big News latest update...

The regional government discusses steps to resume oil exports and confirms sending a government delegation to Baghdad, 6 JUNE

The regional government discusses steps to resume oil exports and confirms sending a government delegation to BaghdaThe fourth – Baghdad

The Kurdistan Regional Government of Iraq on Wednesday discussed steps to resume the region’s oil export, while noting that it is continuing talks with the federal government to resume exports as soon as possible.

The regional government said in a statement received by (the fourth), that “Prime Minister Masrour Barzani chaired a meeting of the Kurdistan Regional Government Council of Ministers in the presence of Deputy Prime Minister Qubad Talabani, to discuss steps to resume the export of the region’s oil.”

She added, “A delegation from the Kurdistan Regional Government and oil companies is scheduled to visit Baghdad early next week at the invitation of the Iraqi Ministry of Oil to discuss and develop a solution mechanism to remove all obstacles to the resumption of oil exports.”

https://alrabiaa.tv/article/88975/88975-حكومة-الإقليم-تبحث-استئناف-صادرات-النفط-وتؤكد-إرسال-وفد-حكومي-إلى-بغداد-

"RV UPDATE" BY MARKZ, 6 JUNE

  MarkZ   

[via PDK] 

 Comment:  It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal. If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday?   MarkZ:  Exactly...At this point we are expecting it to be published in the Gazette  [Wednesday] or Saturday... There is a mechanism to RV in the budget. And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat…we will see... This contact works in the government in Iraq.

---

 Question:   ...is it true the Budget has nothing to do with the rate. It’s dependent on oil ? 

  MarkZ:  Yes and no…in the budget they left a mechanism for a revaluation based on rates and oil production. ….They can do the budget without the rate change- does it make sense to do that? NO….because they have been running over a 30% deficit each year.

  I have been unable to find a complete copy of Iraq’s budget that was passed to look for a rate. I do not think the new rate is in the budget that was passed …yet.  They have the mechanism for changing the rate in there though. So they can do that rate change at anytime...They are still showing the official rate of 1310…. 

 It happened like this in Kuwait also…that although they had started the RV process. Kuwait was still showing the official rate for awhile. 

Comment:  Maybe they are waiting to put the new rate in the Gazette- either Wed or Sat?   

MarkZ:  That is very possible.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-5-june.html