Thursday, June 6, 2024
IRAQ NEWS DISCUSSION: This article only reinforces once again what I have been saying all along. If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in Iraq" BY MNT GOAT, 6 JUNE
CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE
Information / Baghdad… Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Monday, that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.
Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”
He added, “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.”
He explained, “If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar .”
(So, what’s being said here. Let me explain this article to you. This article only reinforces once again what I have been saying all along. If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in 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 page on the blog. I am a bit tired already of explaining how this will work. Some just don’t seem to get it. Why?
Because you are listening to all these other idiots out there who don’t know what the hell they are talking about. They want to pretend that we are all in this together just trying to figure out when the RV will happen. But I am here to tell you I am not in their gang of idiots. I am not worried when the RV will happen as I have complete confidence it will happen and happen sooner than later. What am here on my blog is to bring you the TRUTH and stop all these lies and nonsensical idiot talk about this investment. That’s why I am here doing this blog. Get it?
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/"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/Al-Sudani and Syrian President discuss security and economic cooperation, 6 JUNE
Al-Sudani and Syrian President discuss security and economic cooperation
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
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