DINAR REVALUATION

Wednesday, July 3, 2024

🔥 Iraqi Dinar 🔥 Interesting RV Rate 🔥Today News Guru Intel Update Exchan...

Nechirvan Barzani requests Austria to open consulate in Erbil

Shafaq News/ President of the Kurdistan Region Nechirvan Barzani expressed his gratitude on Tuesday for the invitation extended by the Austrian Foreign Minister to visit Vienna, aimed at strengthening bilateral relations between Austria and the Region.

Barzani's remarks came during a press conference held in the Austrian capital following a series of significant meetings with Austrian officials.

In his statements, Barzani emphasized that the visit was in response to the Foreign Minister's invitation, which followed their recent meeting in Iraq. "We came to Austria today to accept the invitation from the Foreign Minister, and we have had many important and fruitful meetings discussing ways to enhance bilateral relations. We feel that Austria has a strong desire to strengthen its relationship with us, and we have requested today that a consulate be opened in Erbil as well," said Barzani.

Barzani also noted that relations between the Kurdistan Region and Baghdad are progressing positively, highlighting advances in resolving outstanding issues between the two parties. "I believe the relationship between the Kurdistan Region and Baghdad is at a good level at present. I will not say that all problems have been solved, but my visit and those of the Prime Minister and many government delegations to Baghdad recently have been aimed at addressing these issues. Baghdad also has the intention to resolve them, and I do not expect all problems to be solved overnight, but the current steps indicate we are moving in the right direction towards a resolution," he added.

President Nechirvan Barzani arrived in Vienna on Monday for an official visit to discuss opportunities and avenues for enhancing relations between Austria, Iraq, and the Kurdistan Region, and to expand the scope of mutual cooperation.

Tuesday, July 2, 2024

"RV UPDATE" BY MNT GOAT, 3 JULY

Mnt Goat

Like I said way back in 2023 even before the budget was finalized that there would NEVER be an RV rate in any budget. Why? Because the Iraqi budget is based on the selling price of a barrel of oil and not their currency rate...Budgets are based on revenues not currency rates.

I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that “you know and I know that the rate of the dinar is now being artificially suppressed”...I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion...

...it is nearing the end of June already... Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.

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.

----

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

🔥 Iraqi Dinar 🔥 President Approved 🔥Today RV News Guru Intel Update Exch...

Electricity pledges to improve equipment by mid-July

The Service of Power expected good repercussions in the field of electrical energy that residents will feel in this month.

The Associate Chief General of the General Organization for Power Conveyance in Baghdad, Ahmed Murtada Saeed, let the authority paper know that “the organization has arranged an exceptional arrangement for the activity of feeders and related portable or speedy establishment stations, as it introduced many low-pressure transformers in every aspect of Baghdad during the previous week.”

That’s what he added “good repercussions are normal on energy and its dispersion component between the region of the capital, Baghdad, and residents can feel this improvement beginning from the center of this July.”

“There are over 3,000 feeders for electrical energy in the capital, Baghdad,” he said.
He made sense of that “the distinction that will happen emphatically in giving energy isn’t an answer for the energy issue on a basic level, yet rather a steady arrangement at a sped up pace.”

LATEST FROM MILITIAMAN, 3 JULY

Militia Man

You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly...The WTO is at the core of this. It's real.

Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.

The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...

They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.

That's what we are waiting for as we speak [seeing what's in the budget]. We haven't seen them expose that rate or that information to us just yet but they're going to. They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.

The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half.

Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."

Everybody should be pumped and ready to go...

Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance"

This article right here will blow your socks off...

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html