"THE MONETARY REFORM IS VERY LOUD" BY FRANK26

 KTFA

FRANK26: "THE MONETARY REFORM IS VERY LOUD"......F26

Iraqi-American talks on the exchange rate of the dinar against the dollar

7/12/2024

Baghdad

Foreign Minister Fuad Hussein discussed today, Friday, July 12, 2024, during his visit to Washington with the US Under Secretary of the Treasury for Terrorism and Money Laundering, Brian Nelson, the dollar exchange rate and lifting US sanctions on 32 Iraqi banks.

A statement by the Iraqi Foreign Ministry, received by "Baghdad Today", said that Hussein - who heads the Ministerial Council for the Economy - discussed with the American official "the issues that the two parties are working on according to their previous reform agreements."

During the meeting, Hussein stressed, according to the statement, "the Iraqi government's commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector."

He explained that "the government's policy seeks to achieve Iraqi energy independence through associated gas investment projects, and to develop the working mechanism of Iraqi banks in a manner consistent with international standards to ensure transparency and provide open data, which enables banks to provide the services needed by the Iraqi people."

The Foreign Minister called on "the American side to reconsider the sanctions imposed on about 32 Iraqi banks, as they were involved in the structural reform process."

Hussein pointed out that "the stability of the Iraqi dinar exchange rate against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve," calling on the relevant American institutions to review it and build on it.

For his part, Nelson praised "the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces."

He stressed that "the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions," expressing "the American side's readiness to help Iraq address the obstacles that hinder its reforms, in a way that reflects positively on the Iraqi economy."

LINK

SUMMARY OF THE LATEST RV UPDATES OF MNT GOAT, 14 JULY

  LATEST FROM MNT GOAT

I just want to conclude today by saying that everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.

 The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. Today we witnessed a confession by former MP Ayoub Al-Rubaie who confirmed on Tuesday that Washington failed in Iraq by stalling this work.

Yes, we still also wait for the Oil and Gas law. In my last Newsletter dated  6/27 I presented an article explaining, once again, the issues preventing this law from moving ahead as quickly as they desire. So, knowing this could this actually be the reason why Biden is stalling.

 Is this then Biden’s fault or Iraq? Remember Iraq did agree to “fully” implement their constitution and the US told them they will not reinstate their currency until it is implemented. But remember this was not the only issue and so let’s not now go off half-cocked once again with this foolish mindset that one event will  trigger the RV. Just also remember once again all the intel guru lies about the budget and how they tried to convince everyone the new RV rate was in the budget. It was not and never will be. This was out of ignorance. Let’s not go down that road again…..please! 😊

https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat-everythinh-is-set.html

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...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.

 The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it.  ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.

In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...”  Saleh... 

financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off...

https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat.html

Codes Inserted & Locked In!🚩RV/RI Green Light is Imminent Now?🤔Dinar RV ...

"THE MONETARY REFORM IS MARCHING FORWARD WITHOUT ANY OBSTACLES" BY FRANK26

KTFA

frank26: "THE MONETARY REFORM IS MARCHING FORWARD WITHOUT ANY OBSTACLES"

Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks

7/12/2024

 Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, met today, Friday, with the US Under Secretary of the Treasury for Terrorism and Money Laundering, Brian Nelson, in the presence of the two accompanying delegations at the ministry's headquarters in Washington, DC. During the meeting, the issues that the two parties are working on according to their previous reform agreements were discussed.

 

The Minister of Foreign Affairs confirmed, according to a statement by the ministry, a copy of which was received by {Euphrates News}, "the Iraqi government's commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector."

He explained that the government's policy seeks to achieve Iraqi energy independence through associated gas investment projects, and to develop the working mechanism of Iraqi banks in line with international standards to ensure transparency and provide open data, which enables banks to provide the services needed by the Iraqi people. He called on the American side to reconsider the sanctions imposed on about 32 Iraqi banks, as they were involved in the structural reform process.

Hussein pointed out that the stability of the Iraqi dinar exchange rate against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve, calling on the relevant American institutions to review it and build on it.

For his part, Nelson praised the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces.

He stressed that the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions, expressing the American side's readiness to help Iraq address the obstacles that hinder its reforms, which will have a positive impact on the Iraqi economy.

LINK

RV UPDATE BY SANDY INGRAM, 14 JULY

  Sandy Ingram 

 When you invest [your dinar profits], more than likely your financial advisor is going to recommend business ventures that will create a cash flow to uphold your lifestyle.  If it takes a moment or two to generate income  from your investments, keep working people until it happens.  You don't want to live off of your initial investments.

Sandy Ingram 

 Iraq has the the largest foreign currency in the country's history.  I has also amassed a small fortune in gold and made significant strides in developing the country.

Sandy Ingram  

The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.

 If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will  do just fine.  The wealthy never never ever spend their bases or the foundation of their wealth.  In your case this would be the  profits from your Iraqi dinars...Wealthy people invest their initial profits.  The first person they hire is a financial advisor.  The second...is a tax professional...to make sure Uncle Sam doesn't get large sums of their money.  If you do anything else you are in the fast lane to going broke.

Article:  "JSC: The government has successfully completed the sale of securities"  Quote:  "

The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed...This reflects the strength and stability of the State of Iraq." 

 Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate.  Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals...

https://dinarevaluation.blogspot.com/2024/07/latest-from-sandy-ingram-8-july.html

"IRAQI DINAR CBI BIG ANNOUNCEMENT ABOUT IQD RV"/iraqi dinar news today 2...

MP Al-Karawi accuses the region of not adhering to the provisions of the three-year budget

 On Friday, MP Mustafa Al-Karawi said that the Kurdistan Region didn’t follow the rules in the budget for three years.

Al-Karawi told , “The three-year financial plan incorporated a few things connected with the Kurdistan District, however not a solitary one of them have been focused on yet, taking note of that the locale has huge credits owed to the focal government that should be paid. ”

He demanded a “comprehensive review in order to implement the law, noting that the employees’ paper is a method of pressure on the federal government that the region is adopting to achieve financial gains,” and he said that this was necessary in order to implement the law.

He brought up that “setting up texts that oblige the locale to send out oil through SOMO is a significant positive development.”