RV HIGHLIGHTS, 28 JULY

 RV HIGHLIGHTS

Rapid Iraq Rate Update today 📌

Market IQD rate- 

149,300 to $100 USD 

Gold Price - 2385

Silver - 28.07

Brent oil - 81

Bitcoin- ⬆️ 68,685 

The US Federal reserve adopts a new strategy towards Iraq .  The dollar is threatened with rising to unprecedented levels.

The CBI is under extreme pressure currently .

STAY RAPID 🔥

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BOOM!!!

Ziad Al Hashimi: US Federal Reserve to permanently close 5 Iraqi banks

There is a preliminary agreement between the US Federal Reserve and the Central Bank of Iraq to merge smaller banks and create a larger banking entity

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RV HIGHLIGHTS

IQD/ Iraq dinar news

Based on everything I'm reading today it's looking like the Federal reserve is screwing Iraq through their own Central Bank. 

Check this out

The US Federal Reserve adopts a new strategy towards Iraq. 

❓And ask yourself why would the United States put pressure on an Iraqi banking system that has come so far?

❓Why does the Federal reserve believe there will be a sudden,large demand for the US dollar?

July 26, 2024

The US Federal Reserve’s policy towards Iraq, expecting the dollar to rise against the dinar, which will put great pressure on the Iraqi banking system.

Al-Hashemi told Alsumaria News that “some information from within the corridors of the Central Bank of Iraq indicates that the US Federal Reserve has adopted a strategy different from its previous strategies towards the Iraqi economy,” indicating that “this strategy will be more stringent and will depend on three axis:

...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/07/iqd-iraq-dinar-news-by-rv-highlights-27.html

Iraqi Dinar 💥US Govt . Department Announce Iraqi Dinar New Rate💥Iraqi Di...

Expanding the electronic payment base is an important financial transfer, 28 JULY

The global smart card company “Ki” described the expansion of the electronic payment base in the country as moving to an important stage in financial transactions.

A responsible source in the company said that the development in the field of electronic payment and the acceptance of this form of transactions by a wide segment of society came as a result of what the citizen saw as a safe, advanced and fast service that saves time and effort in many transactions.

The source added that the directives of the government and the Central Bank of Iraq to support electronic payment have yielded positive results that contribute to the development of the national financial sector.

He pointed out that the company is working hard to create new products that are world-class and in harmony with the needs of the citizen. link 

RV UPDATE BY MARKZ, 28 JULY

 MarkZ  

 [via PDK]   

Question:  Is acceptance in the WTO necessary for Iraq to RI/RV?   MarkZ:   No it is not  necessary…but it is expected to occur simultaneously.

...are there a lot of NDA’s or “Hush” orders  running around?  

  ...it was eerily quiet overnight. Question: So looks like we are pushing this into August now?   

MarkZ: I don’t think it’s being pushed into August. I think it’s quiet for a purpose...things are moving. It is not moving like I thought it would or as quickly as we want it…but things are moving.

IMO 99% of the rumors out there right now are misinformation…keeps you on the roller coaster...But it is clear they are making great progress.

Iraqi Dinar🎉 Al Sudani Big Announcement Iraqi Dinar Goes Globally Today ...

Adviser To The Prime Minister: (Injaz Bonds) Encouraged Safe Investment Of Public Funds, 28 JULY

Economy     Baghdad - IA - Nassar Al-Hajj   Thursday, Advisor to the Prime Minister Mazhar Muhammad Saleh identified the importance of Injaz bonds, while clarifying the nature of government borrowings. Saleh told the Iraqi News Agency (INA):

“The annual general budget usually hedges during implementation against some slowdown in cash flows for temporary and emergency reasons,” indicating that
 
“on this basis, the budget is hedged by resorting to short-term borrowing by issuing annual treasury transfers.”
 
With a specific interest rate, commercial banks invest their money mostly in holding these sovereign bonds to ensure the sustainability of cash flows to the general budget.  He added,
 
"Short-term government borrowings are called bridge loans and are practiced by the financial authorities in accordance with the budget law at all times and places," noting that
 
"the general budget policy today, in its investment aspect, is moving towards ensuring the availability of a stable financing lever that guarantees the continued implementation of the country's investment budget items from non stop".  Saleh continued,
 
 “The announced issuance of the (Injaz Bond) amounting to 1.5 trillion dinars  targets the public’s savings, 
especially those dormant balances that lie outside the banking system and outside the mechanisms of the national savings cycle, 
which is consistent with encouraging the virtue of the public’s safe investment of its cash balances and with high-guarantee and high-yield sovereign debt instruments.”
 
At the same time, it facilitates the trading of these financial instruments (the completion bond),
 
     buying and selling in the secondary financial markets, and
 
     provides the bond holder with the ability to convert the debt instrument (the completion bond) into cash at all times when needed, with ease and high guarantee.”    https://www.ina.iq/213372--.html   

RV UPDATE BY FRANK26, 28 JULY

 Frank26 

 The HCL is the...mechanism the bad guys in Iraq are using to delay the monetary reform.  They used the budget but they got caught on that.  They changed the numbers.  

 It is an RI, a reinstatement...those that...insist this is an RV you're ignorant.  This is not an RV...This is a reinstatement.

A lot of people get confused.  It's like stepping in quicksand.  You see, the lifting of the zeros from the exchange rate is a little different from the lifting of the three zeros from the currency, fiat, physical.

   Frank26  

The direction that the monetary reform is going is in the direction to add value and introduce new lower denoms and to change the exchange rate and then to float.  That's the step we're in. 

 We're not in a step where we need to pass laws.  We're not in a step where we need permission from anybody over there, over here, over there - United Nations Security Council, the Untied States Treasury, nobody.  We're at the point where Neil Armstrong is just about to put that right foot on the moon.

Is Chase...Wells Fargo, or any bank going to exchange your dinars into dollars? 

 Ain't no bank going to exchange your dinars into dollars.  Ain't no bank got that kind of money.  Chase will introduce you to JP Morgan...JP Morgan is going to take your dinars and they're going to send them to the US Treasury.  They're going to give you the equivalent of what you should receive in American dollars into your account.

Question: "If the rate is $3.22 and you go to the bank and exchange a 25,000 note in American dollars how much will that be?"  $3.22 times 25,000 friend.  

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-frank26-25-july.html