DINAR REVALUATION

Tuesday, June 18, 2024

Coffee with MarkZ. 06/18/2024

Iraq Seeks to Boost Economic Ties with Lebanon, Syria, 18 JUNE

Iraq Seeks to Boost Economic Ties with Lebanon, Syria

The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makkiya, has met with the Lebanese Minister of Economy and Trade, Mr. Amin Salam. During the meeting, Makiya affirmed Iraq's desire to expand cooperation in the investment sector.

The NIC chairman stated that the Iraqi government aims to achieve integration in economic and trade relations between Iraq and regional countries, including Lebanon.

The meeting included discussion of the project to rehabilitate the existing oil pipelines between Syria and Lebanon, with investment funding by the Iraqi side, while safeguarding the sovereignty of both countries and working on extending an Arab optical fiber communications network.

He added that the commission works to provide an attractive investment environment for businessmen and foreign investors through the implementation of the amended Investment Law No. 13 of 2006, which guarantees investors' rights. The law also offers necessary advantages and facilities to ensure the success of investment projects.

For his part, the Lebanese minister expressed his government's readiness for joint work to develop the sector in vital areas. link

"RV UPDATE" BY SANDY INGRAM, 18 JUNE

Sandy Ingram

Traveling to realize your IQD profits - People in high places reprimanded [me] for saying this...Iraq...could print new money. That would mean that you, I, anyone would need to travel if allowed to exchange your Iraqi dinar bank notes for the new currency like Zimbabwe did.

They gave the world two weeks to make the exchange. In Zimbabwe's case it did not matter if you were a citizen or not. If you showed up with the old currency...then you received the new ZIG currency. Could we be so lucky with Iraq? ...We must be smart about how we look at our Could options. We may not have a choice. We may have to travel.

---https://dinarevaluation.blogspot.com/2024/06/traveling-to-realize-your-iqd-profits.html

The Central Bank of Iraq denied issuing a new currency denomination. The decision highlights the bank's confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations..

Last week marked a sensational milestone for the central bank of Iraq. In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remitt..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-11-june.html

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No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy. It's just a matter of maximizing, investing and building the infrastructure for long-term wealth...It's only a matter of time before Iraq opens the gates to massive success.
Last week marked a sensational milestone for the central bank of Iraq. In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remittances and credits. By regulating the flow of foreign currency the central bank instills robust confidence managing Iraq's balance of payments.
A [Community member] wrote and then deleted the following comment in response to...the results of the emergency budget meeting, 'The rate is still 1310 for the next budget....for read more:

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-4-june.html

CHELLA: Iraqi Dinar News Relax & Reset

Al-Badri: America is using pressure cards to maintain the presence of its forces in Iraq, 18 JUNE

Al-Badri: America is using pressure cards to maintain the presence of its forces in Iraq

Political analyst Saeed Al-Badri said on Monday that Washington continues to use pressure cards against Baghdad in order to perpetuate the presence of its forces inside Iraq and the region.

Al-Badri told Al-Maalouma, “The American administration has no seriousness in removing its forces from Iraq, as it is using pressure cards in order to perpetuate the presence of its forces in Iraqi camps and lands.”

He added, "The government's position must be clear by dropping the pressure cards used by the American administration."

He stated that "the presence of American forces inside Iraq raises concern, and is considered a destabilizing factor for the entire region." link

"RV UPDATE" BY MARKZ, 18 JUNE

MarkZ

[via PDK]

I do feel comfortable saying it has started…we are seeing movement…My understanding may be a little off as to how they are executing it...It’s been pretty quiet from Iraq sources over the weekend. They seem to finish things first over there and then tell us.

Question: Is it necessary for Iraq to publish the rate in the budget before we make appointments? MarkZ: I do not think it’s necessary. I believe they will try to keep the rate private as long as possible like what they did with Kuwait.

Question: I saw that Iraq has holidays coming up. Would this slow them down releasing the rates? MarkZ: Everytime we have looked in the past we saw Kuwait revalued during Ramadan…. Iraq revalued in the early 70’s during a holiday. I wouldn’t be too worried about those things.

It certainly appears to be the “Perfect Storm” right now...

[Referencing Mike Bara post below, 6-14-2024] Revaluating? I thought this was important...I had sat down with some bankers who wanted to run through scenarios with me and my currency and train some people. And that was the exact term they used in banking then. It is going to revaluate…Its revaluating. That is the terms the banks use. They do not say RV or that it’s going to revalue. Its revaluating.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-16-june_01782871286.html