Nader From The Mid East
What's going on in Iraq is really really good. Last month you see me talking about this month, about July. I said from now to July 8th you'll get some good news and that's exactly what happened. You see every proof of possibility to revalue or reinstate. I think it's reinstatement more than revaluation.
Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good. I can say we are very close.
Nader From The Mid East
Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad...It's more good than bad but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.'
SUMMARY OF RV UPDATES OF NADER FROM MID EAST, 21 JUNE
I know they working on the exchange rate from here to the 8th of July. We will have some good news I hope.
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Article: "Iraq Bulks Up Gold Reserves, Inch Up World Rankings" Quote: "Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month. This increase...is enough to nudge Iraq one spot higher in the WGC's global ranking, landing them 31st place out of 100 countries."
Last week...I said Iraq government start a new white paper, it's all about the currency. From here to the 8th of July we should have an answer. What they going to do - Are they going to change the exchange rate or not? That's what I said exactly. They're working on it. I know they created a white paper on that. The CBI... government of Iraq, the reserve and the IMF are all working on the same page on those white papers. I don't know if it's going to change or not...
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The UN agreement, 2003 when they invaded the country, now they said the last day is next year 2025. They been talking about the end of the war and this is one of them. That is very good news.
We talk about sovereignty, that's one of them. It's good for Iraq. It's going to make Iraq stronger and happier...Sudani what he's talking about the coalition gonna leave in 2025...it's official.
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'Nader you said it was going to happen in June.' No I didn't say in June happen.
I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August...They created a new white paper. They're going to start working on the exchange rate and I think from here to the 8th of July. We'll see what's going to happen.
Iraq wanted to de-dollarize. They start de-dollarizing in January but it didn't work for them too much.
The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country. They tried everything. Now, they said that plan didn't work so they come out to the new white paper...They realized they cannot do nothing without changing the exchange rate.
They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate...Between now and 8th of July we should have an answer...
what they going to do? Are they going to change the exchange rate...keep it the same...go up...go down?
I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-nader-from-mid-east-1-june.html
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