Iraqi Dinar News | Iraq 2024 Budget Sent to Gazette: Anticipating the Ra...

IRAQ NEWS DISCUSSION: "This does not make any sense." BY MNT GOAT, 6 JUNE

RAFIDAIN BANK: GETTING DOLLARS AT THE OFFICIAL RATE. FOR PILGRIMS EXCLUSIVELY

Information / Baghdad
Al-Rafidain Bank confirmed that obtaining the dollar, at the official rate, is from its branches designated in Baghdad and the governorates exclusively for pilgrims.

He indicated in a statement received by “Al-Ma’louma” that the dollar continues to be sold through its branches at the official price of 1,320 dinars for every one dollar. 

(This does not make any sense. Why not sell them dinars to raise the demand for the dinar, thus it can help raise its rate above the dollar? )

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

BANK STORY BY RON DAVIDOFF, 6 JUNE

Tues. 4 June 2024 Ron Davidoff

 “I called William the VP at Bank Note World and 100 Trillions.  He told me he is only allowed to sell $1000 a day per customer of Dong and Dinar.  I asked him who regulates him and he told me the US Treasury. 

 Ask yourself why would the US Treasury regulate a company that only sells collectible currencies? 

 I asked him why currencies like the Digitals increased in price ten hold over the past few days?  He told me they can no longer buy new uncirculated currencies (read into that).  He still gets circulated currency.  He told me the 100T Zim is now $300 for uncirculated and he is not sure if he can get anymore uncirculated ones. 

This can only mean Countries are no longer printing and selling new currency and that makes total sense with the RV coming and currencies switching over to asset backed.  Keep in mind he is really limited on what he can really tell me (wink and nod).”

Will The World's Most Critical Assets Run Out? | Kal Malhi

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/

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