IRAQ NEWS DISCUSSION: What is the CBI strategy behind this move? BY MNT GOAT, 6 JUNE

IRAQ ANNOUNCES THE ARRIVAL OF APPROXIMATELY 24,400 PILGRIMS TO THE HOLY LAND SO FAR

Economy News – Baghdad

Today, Friday, the Supreme Commission for Hajj and Umrah counted Iraqi pilgrims traveling by land and air to the Holy Land, while confirming the existence of coordination with the Central Bank and banks to sell dollars to pilgrims at the official rate.

“The voyage process is continuing, whether by air through Baghdad, Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk airports to Madinah airport – Prince Mohammed bin Abdulaziz airport, directly, as well as the voyage through the Arar border crossing, where pilgrims are escorted by security forces to the Arar border crossing,” said spokesman Hassan Fahd al-Kinani.

Al-Kinani added that “pilgrims pass through the city of pilgrims and Umrah performers, which was established in a record period not exceeding sixty days, and there are all the amenities that the pilgrim needs, and it contains restaurants, a bakery, a factory for the production of crystal ice, and a dream, where breakfast, lunch and dinner are served when the pilgrim stays there, and then at the Arar border crossing, where the procedures are easy and easy.”

“The number of pilgrims traveling by land and air to the Holy Land has reached about 24,400, half of whom are now in Medina and the other half have moved to Mecca after visiting the Holy Prophet (peace be upon him),” he said.

Regarding coordination with the Central Bank to obtain the dollar, Al-Kinani explained that “there is coordination with the Central Bank, Al-Rasheed and Rafidain Banks, and the Hermit Bank, which has been since the beginning of the regiment in the process of exchanging dollars to pilgrims, in addition to the Iraqi Trade Bank and exchange companies, all of which are on the official website of the Commission. Any pilgrim to the Holy Land can access the official website of the Commission through social networking sites or on the official website of the Commission in order to know where to sell dollars at the official rate for for pilgrims of Baghdad and the provinces.”

(Correct me if I am wrong, but I thought Iraq de-dollarized. So why are they exchanging foreign currency to dollars to the pilgrims in Iraq for use for their visit? Why not dinar? Does this seem weird to you? What is the CBI strategy behind this move?)

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

"RV UPDATE" BY TNT , 6 JUNE

 TNT

Mon. 3 June 2024 TNT Tony

 “All banks were on HIGH, HIGH alert starting Sunday night 2 June through Thursday morning 6 June. They said by Thursday morning definitely, you are going to have people walking in your door, a bunch of brand new customers. 

Banks have pending rates and some are saying we are waiting right now to be notified of the release of the 800 numbers. The Federal Reserve said they were called in on Mon. 3 June to be at their desks. They are passing out money in Iraq and activating projects. Everyone I talk to say they are trying to go anytime now. We are there. The rates are good. Everyone is excited. So I hope you guys are ready.”

----

TNT UPDATE 6/3/24

Opening monologue notes, I’ll add any additional info, after I finish the entire call.

Tony said it was supposed to go Saturday night, but there was a hiccup. It didn’t go Sunday night, because the Finance Committee didn’t approve the rate. He said everyone is on “high, high alert” now.  Initially he was told by Thursday this week, at the very latest. The banks are now waiting to receive the notification, that the 800 #’s have gone out to us. The Treasury is saying by Wednesday, but the Federal Reserve has just called everyone in. It can happen at any time, starting after 4:00pm today.

The budget has passed, the 

contracts have started to begin being fulfilled, and the Iraqi people are being paid for June wages. The rate has not been publicly announced to the Iraqi people yet, and there is no sign of the lower denominations.  It’s unknown if they are waiting until Wednesday to publish the rate in the Gazette or not. 

Rates on the Bolivar are showing at 36.84 and climbing. The range originally anticipated was between 22-55.  

That’s it for the opening, let’s see this done, and have an awesome day. 🙏🥳

https://dinarevaluation.blogspot.com/2024/06/tnt-update-from-rv-highlights-telegram.html

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/