"SUMMARY OF RV UPDATES" BY MILITIAMAN, 21 JUNE

 Militia Man 

 Article:  "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.  Implementing such a decision is likely significantly increase Al-Sudani's popularity."  That was March 11, 2024.

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Article:  "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"  Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion."  Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.

All we're looking for now, to some degree, is when are they going show these amendments to be law.  We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it?  Do we know the exact day he received it?  I don't.   But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate. 

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 If they have a real effective exchange rate like al-Sudani said, that the dinar is going to be stronger than the dollar, the parallel market goes away...Obviously the stronger the currency is the cheaper it is for Iraq to do what they need to do.   It's a no-brainer.  It's that simple.

The black market is going to exist if the United States dollar is less than the Iraqi dinar...There's not much demand for the dollar now...They've got it under control.  Is it showtime? I sure hope so.

 I don't care if you've been in this for 20 years.  What we're seeing now is completely different.  It's a progression.  Some people don't like the progression.  They just want it to be over and done. Welcome to the club.

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You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate.  I think these guys are about ready to expose that.  I think al-Sudani...Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly...

Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.  

They're going..FOR READ MORE:

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html

Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.  
They're going to have lots of different little things happen to them that are going to be painful.   Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank...
they're going to have a painful experience because if you're no...FOR READ MORE:https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html

----https://dinarevaluation.blogspot.com/2024/06/summary-of-militiaman-13-june.html

🔥 Iraqi Dinar 🔥 WOW WOW WOW 🔥Today News Guru Intel Value Update Exchange...

Kurdistan Federation: Legislating The Oil And Gas Law Will Resolve The Disputes Between Baghdad And Erbil, 21 JUNE

 Kurdistan Federation: Legislating The Oil And Gas Law Will Resolve The Disputes Between Baghdad And Erbil

June 19 16:58  Information / private..  The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil. 

 Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.”

She added, "The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives," noting that "approving the law would regulate the relationship between Baghdad, Erbil, and the oil-producing provinces."

She continued, "There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law." LINK

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 21 JUNE

  Frank26 

  [Iraq boots-on-the-ground report]   

FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate.  Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320.  Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. 

FRANK:  They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.

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FIREFLY:  Gold reserves over 145 tons TV says. 

 FRANK:  No...It's not 145 tons.  It's a lot more.   They're never going to tell you the right amount...It's a heck of a lot more than that.  Notice every time they talk to you about their gold it just gets bigger and bigger.  That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform...

 FIREFLY:  My bank friend...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists.  He didn't say the plan is to LOP our currency.  They are two totally different things.  We are deleting zeros and adding value.  

FRANK:  I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about...

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 FIREFLY:   They told us...due to typo errors in the printing of the budget it will be reaudited and sent back to gazette...after EID holiday...All sound little fishy to us...An Iranian proxy saying budget is under appeal but we see nothing official of that...We trust it is going to be in gazette after EID holiday...

  FRANK: They know what you are about to receive - your purchasing power.  They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...

https://dinarevaluation.blogspot.com/2024/06/iraq-boots-on-ground-report-by-firefly_0922640454.html

Iraqi dinar✅Al Sudani Announced Iraqi Dinar RV By 20June IQD vs USD ✅ I...

IBBC Conference: Much To Celebrate In Iraq As Energy Takes Centre Stage, 20 JUNE

  IBBC Conference: Much To Celebrate In Iraq As Energy Takes Centre Stage

IBBC's ( Iraq Britain Business Council) 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage.

IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring conference at the Mansion House on 2nd July will reflect our members diversity and the modernisation that Iraq is currently experiencing.

With an expanding stable Economy and a service sector growing at 6% pa, Iraq is diversifying beyond its core energy sector and opportunities to invest have rarely been so healthy.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Mr. Ali Mohsin Ismail Al Alaq, Governor of the Central Bank of Iraq, H.E. Mr Asaad Al Eidani, Governor of Basrah, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim , Deputy Minister of Electricity, KRG ministers and keynote address from The Rt Hon Lord Howell of Guildford.

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq's economy, with the IBBC Energy Panel, which see the big players in energy policy and practice including Dr Luay Al Khateeb , Centre on Global Energy Policy - Columbia University , Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hasan Hashmat from Hydro-C and Mr Ellis Renforth from Wood Plc

IBBC as champions of best practice and the private sector publish special reports and white papers for reform, and this conference ' Insights and Opportunities' will launch our latest reports from Professor Frank Gunter, IBBC Advisory Council, on Foreign exchange, banking reforms and de-dollarisation: 'Two Cheers for Iraq: The Dinar - Dollar Exchange Rate Challenges' and a new report on emergent agricultural initiatives through IBBC's Agritech committee with the Agriculture Minister.

Ministers will also address the procurement opportunities across $400bn Government investment in key sectors, agriculture, transport, infrastructure, and you will hear about regional development at special roundtables with KRG Ministers and the Governor of Basra.

Special education and skills sessions will follow two GOI MOU's with IBBC and last year's focus on integrating and adapting education skills and curriculum to the business requirements of a modern economy.

Transport too is booming, through the ports, where electronic trade has seen a 128% increase, and the dry canal project linking Basra to Turkey and the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC members CJ-ICM and Sardar Group will inform us of activities and the evolution of electronic and port management systems already in place (see our '23 report on ports ).

Opening the conference the President of the Confederation of British Industry (CBI) Rupert Soames OBE gives a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK's business relationship and opportunities with Iraq.

Delegates will always find significant networking opportunities and the reception on 1st at the Mansion House celebrates IBBC's 15 years with a special exhibition on Gertrude Bell and our members activities, it's also the best informal networking opportunity among delegates, speakers and founder members and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

IBBCs membership matches this diversity, and the lineup of speakers and topics reflects today's Iraq. View the agenda here , and to register to attend the conference. We are certain there will be big demand for tickets register now to avoid missing out.

Join with us and share the insights and opportunities that a modern and stable Iraq now offers. link

"RV UPDATE" BY MARKZ, 20 JUNE

 MarkZ

  [via PDK]   In Iraq I have numerous reports from contacts on the ground that the CBI has released a video in the last couple of days showing Iraqis how to put their old currency into the ATM so they can deposit money. Which to me is a great sign. This will make any value change much easier to do it electronically.

Not much news overnight…but I do not take that as a bad thing...There are interesting things happening in Iraq. Things are definitely pointing to something sooner rather than later.  

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 I do not think we will see the Iraqi dinar float.    I believe they have been clear they want to retain value and peg it to assets. But, I could be wrong.

QUESTION : "ARE ALL CURRENCIES GOING TO FLOAT? TO MARKZ, 19 JUNE

MarkZ  

 Iraqi PM Sudani has announced on Iraqi RV that before the end of the holiday, which was this Wed. 19,  June, that the Iraqi citizens will have their new exchange rate, access to new ATM's and the lower denominations.

Question:  Are all currencies going to float? IQD, dong...etc…?   MarkZ:  I would not look for much of a float because we are supposed to peg to assets...

Comment:  An intel guru...says Iraq is following Dr Shabibis plan to a T.  MarkZ: They are. The plan was to increase the value, put lower denominations in circulation, and put the larger notes we hold in the banks for foreign reserves. Shabibi planned it all out and told us what would happen.

 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.....FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/question-are-all-currencies-going-to.html