"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 28 JUNE

 Frank26 

  [Iraq boots-on-the-ground report]  

 FIREFLY:

How can Sudani say again today the dinar is worth more than the dollar, yet it's still 1320?  My bank guys says, simple.  All these contracts and agreements with other countries is with dinar at a new rate which they are operating it without nobody else's knowledge...it has to be that, no other explanation.  

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 FIREFLY:

Saleh on television saying the third strategy phase that we're in right now with the CBI...is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally.  FRANK:  It's the new exchange rate and the lower notes...I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly...

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FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days. 

 FRANK:  The only measure the CBI is taking to reduce the amount of dollars in your country is the introduction of a new exchange rate that will add value to your currency, to your lower notes, and eradicate the need of using any foreign currency.  This is the goal of the monetary reform process...I agree, in the coming days this mechanism...will bring forth value to your currency and continue to remove the American dollar from your society.

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 FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days.  

 FRANK:  The only measure the CBI is taking to reduce the amount of dollars in your country is the introduction of a new exchange rate that will add value to your currency, to your lower notes, and eradicate the need of using any foreign currency.  This is the goal of the monetary reform process... I agree, in the coming days this mechanism...will bring forth value to your currency and continue to remove the American dollar from your society.

FIREFLY: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in Iraq.  

FRANK: This is the international finance community.  They all know what's going on.  When they say your economic reform has increased...what they're talking to you about without saying it, because they cannot, is the float.

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.htm

Humanitarian Projects Part 2 (clip)~ Mother Susan Price {Full video, Par...

Iyad Allawi warns of "unannounced civil war", criticizes US for failing to protect democracy, 28 JUNE

Iyad Allawi warns of "unannounced civil war", criticizes US for failing to protect democracy

Shafaq News/ Former Iraqi Prime Minister Iyad Allawi has warned that Iraq is experiencing an "unannounced civil war" among its various factions and criticized the United States for failing to protect the country's democratic experiment. 

Allawi also highlighted the dangers posed by the resurgence of ISIS and other extremist groups due to poor conditions in Iraqi prisons.

In an interview with The National, Allawi, Iraq's first post-2003 prime minister and a self-described secular Shia Arab, emphasized that the conflict, once predominantly between Sunni and Shia communities, has now extended to tribal and regional disputes. "If this problem persists, it will lead to a full-scale civil war across the country," he warned.

Reflecting on his tenure and the 20 years since he assumed office in Baghdad, Allawi described Iraqi prisons as "breeding grounds for extremism." He stressed the need for prison reform and the release of those detained for political reasons to prevent the resurgence of ISIS. "The prisons are a breeding ground for ISIS, and the extremist group may be on the rise again," he said, suggesting an amnesty as one solution.

Allawi called for a push towards national unity and reconciliation among Iraq's diverse ethnic and religious groups. He expressed disappointment over Iraq's trajectory in the two decades since the US-led invasion that toppled Saddam Hussein. The invasion, he said, led to years of corruption and sectarian politics that have infiltrated government ministries and offices.

Highlighting the violent years of 2006 and the rise of ISIS in 2014, Allawi noted that while these periods of turmoil seem to have ended, the underlying tensions continue to escalate behind the scenes. He stated, "There is now an unannounced civil war. I was against the occupation and the war, but the Americans wanted to divide the country into Sunni and Shia regions. Now we see Shia against Sunni, Shia against Shia, and Sunni against Sunni."

Allawi criticized the 2005 constitution for failing to establish equal citizenship and for creating a government-run on sectarian quotas. He accused the US and its allies of not protecting Iraq's democracy, which he said led to endless internal conflict and regional instability.

Reflecting on the 2010 elections, in which he won but failed to form a majority government, Allawi accused Iran of playing a detrimental role by blocking his path to the premiership, allowing Nouri al-Maliki to take office instead. "Iran played a very negative role. They collaborated with the Americans when Saddam was overthrown and began dictating the course of events in Iraq," he said.

Despite his Coalition Government's commitment to a secular future for Iraq, Allawi believes the political climate and electoral mechanisms at the time were not conducive to a fair voting system. "If I had known this was the situation, I would not have held the elections. No group or list should appear as Shia, Sunni, or Kurdish," he said.

Allawi has recently voiced his concerns to senior politicians in Baghdad under Prime Minister Mohammed Shia Al-Sudani's administration, urging them to call for early elections. "We need to correct ourselves before we lose all of Iraq," he stated.

Blaming the US for fostering divisions between Sunnis, Shias, and Kurds, Allawi warned that the situation has gradually worsened over time, leading to the Iraq we see today. He also raised concerns over recent attacks, such as the assault on KFC restaurants in Baghdad, questioning the ability to maintain relative calm and stability achieved after ISIS's defeat.

"If this continues, we could see direct attacks on Americans stationed in Iraq, which is a significant possibility," Allawi warned, emphasizing the need for the rule of law, national unity, and the application of the concept of citizenship. "Iraqis are ready to risk drowning in the sea rather than remain citizens in a country that fails to provide adequate public services," he concluded.

"RV UPDATE" BY PIMPY, 28 JUNE

  Pimpy 

 I'm going to tell you the truth.  Here's the truth, Iraq has taken major strides and getting their crap together.  Is the Iraqi dinar going to go up in value?  Yes it will.  Is it going to happen tomorrow?  Is is happening over in Europe?  Is it happening over in Brazil or China?  No, no it's not.  There is no in-county/out-country rate.  No one group of people has had dinar exchanged.  Nobody's got their blessing...

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Article:   "Expert likely to keep exchange rates within their current rates"   It's not going to happen that quickly.  There's so many more hurdles for Iraq to jump through. 

--

I challenge any content creators out that's making videos about the dinar...to...a debate...Bring  your receipts.  Bring your proof that I'm wrong and I'll bring my proof why I say I'm right.  That's all you have to do.  It's not  that hard...Remember that I challenged people out there...I would give them $5,000 if they could...have a debate with me and prove me wrong about anything that I'm saying...How many people showed up?  

Zero.  

When you hear somebody tell you that, 'Hey in one country you cannot move forward and rebuild with huge projects with an exchange rate of 1,320 of your currencies for $1' just say, 'Oh yeah? 

 Look at Vietnam who has 26,000 of their currencies for every $1 and they continue to move forward.'

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-pimpy-23-june.html

How to Create Humanitarian Projects ~Gold Star Mother Susan Price & Dr K...

Experts: Iraq's efforts to curb dollar usage yield "relative" success, 28 JUNE

Experts: Iraq's efforts to curb dollar usage yield "relative" success

Shafaq News/ For the past two years, Iraq has been striving to eliminate the use of the US dollar in the local market. Economic experts point to the Central Bank of Iraq's measures achieving "relative" success in controlling foreign currency.

In 2023, the exchange rate of the dollar soared to an unprecedented 1,700 dinars per dollar, maintaining this level for several weeks before gradually declining in the latter part of the year. In the past two months, the rate stabilized between 1,470 to 1,450 dinars per dollar.

The Iraqi currency crisis began after the US Treasury Department barred 14 Iraqi banks from the global banking transfer system known as SWIFT in an effort to prevent dollar smuggling to Iran.

The Central Bank of Iraq's (CBI) platform manages foreign currency requests specifically for financing foreign trade in the private sector.

Budget Increases the Gap

Economic expert Nabil Al-Marsoumi told Shafaq News Agency, "The reason for the dollar's rise is trade with Iran, which is under US sanctions. Thus, the Central Bank of Iraq's electronic platform for selling dollars does not provide this currency to traders, forcing them to resort to the black market."

He added, "Travelers to Syria, Lebanon, and Iran also cannot obtain official dollars from banks, so they turn to the parallel market, increasing demand for dollars."

Al-Marsoumi explained, "The gap has recently widened, especially after the new budget was released, which means an increase in total demand, consumer and investment spending, and consequently an increase in imports. This will increase pressure on the dollar, pushing it higher, potentially reaching 150,000 dinars per 100 dollars or slightly more."

At that time, the Iraqi government agreed to a Central Bank proposal to lower the exchange rate from about 1,470 dinars to 1,300 dinars per dollar, significantly impacting the exchange market by reducing the rates from 1,700 dinars per dollar in the parallel market.

Structural Imbalance in the Economy

Abdul Rahman Al-Mashhadani, economic expert and professor of economics at the Iraqi University, attributes the dollar's stability over the past two months to "the performance and mechanisms used by the government and the Central Bank. The spike during the Eid holidays was due to increased demand for travel abroad."

Al-Mashhadani told Shafaq News Agency, "Finding a solution involves dealing with Iran, from which daily imports range between 25 to 30 million dollars, part of which is routed through the UAE."

He noted, "The solutions did not address the structural imbalance in the economy. The commercial sector has not been reorganized, and the banking system has not fully complied with international standards and the US Federal Reserve's daily transfer operations."

Dollar Smuggling

Former Central Bank of Iraq director and economic expert Mahmoud Dagher told Shafaq News Agency, "The primary reason for the gap between the market and official rates is the leakage of dollars into the market and then across unregulated borders."

He added, "Dollar smuggling to sanctioned countries is the main cause of the dollar crisis. To resolve this crisis, border and customs control is essential to return the dollar to its official rate."

Dagher continued, "The reason the dollar hasn't risen above 1,500 dinars in the past two months is that the bank sells more than 300 million dollars daily, limiting significant increases. However, the market rate remains above 1,450 dinars per dollar, while the official rate is 1,320 dinars, indicating a difference of 120 points or 130 dinars per dollar."

The fluctuation of the dollar's exchange rate in the black market has disrupted commercial activity in the country, contributing to the rise in consumer goods prices. Although the average Iraqi individual income increased to seven million dinars last year, rising prices of goods and currency rate fluctuations impact the Iraqi market.

Market Contraction

Economic expert Durgham Muhammad Ali told Shafaq News Agency, "The dollar's continued instability harms the local market, as the gap between the official and parallel rates widens, shrinking the market and reducing the supply of goods, thereby increasing their prices beyond the parallel exchange rate. Therefore, maintaining a stable rate and constricting the parallel market is the solution to any pricing crisis."

He confirmed, "Long-term inflationary effects are difficult and slow to address, even within a stable price range."

"RV UPDATE" BY MNT GOAT, 28 JUNE

 Mnt Goat 

  Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA"  ...in the past years I said – What is the US waiting for?

 Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

So as investors where do we stand with the RV?

Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point. But don’t go off too excited and forget all the other information my contact just told us either. You must put everything into its proper ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/so-as-investors-where-do-we-stand-with.html