Sunday, July 28, 2024
Iraq stores gold and expects it to rise over the next two months, 28 JULY
The economist, Abdul Rahman Al-Sheikhli, expected Iraq’s gold reserves to rise over the next two months.
Al-Mashhadani said: “The acquisition of gold is considered one of the investment portfolio sought by countries and that Iraq has long begun to store gold and increase its reserves, especially with expectations of its rise during the next two months, and this means that the rise in gold prices is continuing and is part of the investments of countries.”
He explained, “Keeping dollar reserves or investing in treasury bonds does not achieve profits commensurate with the size of profits achieved from the increase in gold prices, although Iraq increased its reserves by one and a half tons of gold.”
Al-Mashhadani pointed out that “these are not in large numbers that enhance the confidence of the citizen and the diversity of investments, and this is the policy of a group of countries and banks, not only Iraq.”
The International Monetary Fund data showed an increase in gold reserves in Iraq and Qatar.
The data indicated that Iraq increased its gold holdings by 2.644 tons to 148.305 tonnes in May 2024.
Qatar raised its gold stock of 3.112 tonnes to 106.423 tonnes in June 2024, the data showed, according to Reuters.
Raghid
https://alforatnews.iq/news/العراق-يخزن-الذهب-وتوقعات-بارتفاعه-خلال-الشهرين-المقبلين
RV UPDATE BY MNT GOAT, 28 JULY
Mnt Goat
...the Project to Delete the Zeros and the Dr Shabibi plan... was developed by the CBI and the IMF...It is a sound plan and they told they will execute it “when the conditions are right”...
the three zero notes are not being obsoleted after the deadline in Iraq is over to turn them in...These notes will be used for “interbanking of international transactions” ...where large sums of cash must be transferred...The CBI told us this many times in articles...the CBI did tell us there will “probably” be at least a 10 year use of these notes by the banks for this purpose. Yes, eventually these notes will become obsoleted but we will be way out of this and exchanged by then.
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Q & A
Question from clayrich6a2b498e66:
Hi MG, I read your example of the project to delete the zeros is supposedly to work, if I am reading what you describe correctly they will replace the 25K notes with 25 notes of equal value, essentially a LOP, and also from the exchange rate, but that does not solve the problem of current prices of goods, for example a loaf of bread let’s say is priced in the market for 25k for the sake of argument, if they make the 25k note equal to a 25 note, the price of the bread is still 25k, how do they plan to overcome this new difference?
Answer Mnt Goat:
Guten Tag clayrich. Hope you are fine today. I read you question and I have to say I am glad you asked it because you are a bit confused.
First of all, the IMF is not going “lop” the Iraqi dinar. A “lop” is a tool the IMF uses to restart a currency from massive inflation. A good example is the Zimbabwe dollar when in 2016 they gave the citizens weeks to turn in the 100 trillion notes for $25 US dollars each. After the deadline they were worthless. We also have articles for Iraq telling us they WILL NOT lop the....FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/q-with-mnt-goat-10-june.html
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"Q & A" BY MNT GOAT
Q & A
Question from carolyncoffen:
Good morning, Mtn Goat,
I read an article earlier coming out of Iraq, stating the best way to protect your future wealth after the RV was to purchase ‘Government Bonds.’ Are we able to purchase those bonds? Thank you for your time and consideration. Have an awesome weekend.
Answer Mnt Goat:
Guten Tag Carolyn again. Seems you are victim of rumors off the internet. Don’t believe everything you hear. They are using all kinds of propaganda to push consumers in different directions, the direction they want. I am not sure what you mean by asking will you be able to purchase the government bonds. Do you mean from the bank when you exchange or meet with a wealth manager? A..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/02/q-by-mnt-goat-7-feb.html
The latest budget developments. Sudani enters ‘manipulation’ line and charges 3 deputies, 28 JULY
The Prime Minister, Mohamed Shia Al-Sudani, informed the Presidency of the House of Representatives of the investigation in the manipulation of budget tables.
The Secretary-General of the Ajyal Gathering, Mohammed Al-Sayhud, said during his addition to the program {Free speech} broadcast by the Euphrates satellite channel this evening, that: “Three deputies are accused of manipulating the budget tables after the vote and signed by the Presidency of the House of Representatives.”
He added, “The government revealed the issue of manipulating budget tables and the difference of 3 trillion and a half trillion dinars, and the Sudanese informed the House of Representatives of the formation of a committee to investigate the manipulation.”
The Symudis noted that “I am waiting for the report of the commission of inquiry, and legally the confidence will be withdrawn from them if they are proven to manipulate the schedules.”
The Parliamentary Finance Committee had revealed various budget schedules before and after its approval and a difference of 15 trillion dinars.
Committee member Moen Al-Kadhimi {Euphrates News} said that the budget tables that arrived from the Council of Ministers and approved within the dome of the Parliament are the same as the government tables; therefore, the book we received from the Council of Ministers is that the tables that were referred after the vote have a difference and a big difference in some doors amount to 15 trillion dinars.
He added that the spending budget is 211 trillion dinars; but the schedules signed by the presidency of parliament and sent to the Council of Ministers read 226 trillion dinars.
Al-Kadhimi explained that the Prime Minister’s Office sent the schedule signed by the Presidency of Parliament, which included:
– An increase in the amount of the ration card is 5 trillion dinars.
– An increase in oil revenues of 5 trillion dinars.
– Reducing the fee amounts is 5 trillion dinars.
– In addition to financial increases to the Ministry of Electricity and some provinces.
RV UPDATE BY PATRIOT ROD STEEL, 28 JULY
PATRIOT ROD STEEL
A Lot of Budgetary Review Going on in Iraq. Could be Mid August before Finalized. Still Restructuring Iraqi Banks & Replacing Dirty Players in CBI. US Says get it Done in CBI or WE will Take Control. #PatriotRodSteel
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PATRIOT ROD STEEL
Major Fund movement for Group Leader access today. People just don’t realize or appreciate the magnanimous size of this global undertaking or the vetting and verification process on such massive amounts of bonds & other assets all ahead of us. It’s a tedious process. ROD STEEL
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PATRIOT ROD STEEL
HAPPY 4th of July PATRIOTS
Based on some private exchanges that have just taken place with a US Bank,
Things are even more promising for Next Week!
#PatriotRodSteel
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SUMMARY OF RV UPDATES FROM PATRIOT ROD STEEL
PATRIOT ROD STEEL
RV STATUS UPDATE#PatriotRodSteel
Greed among UN & Non NATO Countries scrambling for bigger piece of the pie. Banks & Fed Reserve on Standby this wkend. ABC Agencies saying this will be done end of day Monday if not before. Rate $3.91
I’m aware of the Plan, but cautioned against exposure, but now that it’s leaking…
#PatriotRodSteel
TEXAS SNAKE
Okie had some positive news earlier today, thought we would hear some indication of the new rate when the Premier returned to his country from his visit to the US, the banker is assisting his hospitalized wife in CA so very little news from him so I guess we wait for FOREX to open, but again sports fans we appear to be very close, so say your prayers tonight.
This may be a little longer post than usual as the powers that be do not wish to get anyone''s hopes up only to be disappointed when the RV does not come in. Well I spent 40 years in the investment banking and financial planning industry which allows for a slight advantage in researching certain areas of the acknowledged resources regarding money and securities. Those areas being the IMF, FOREX, WTO, etc, etc.
The Prime Minister returned to his country on this past Monday, he turned over to the head of the CBI to announce the pending revaluation of his nations currency. The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition which will be sometime between now and Wednesday 4/24/2024 by 7:00 PM.
Since both the Gazette and the IMF rate schedules are published on Wednesday each week we can assume should there be a revaluation we should receive that news during this window. Don't get excited or make any serious decisions but please stay calm and watch the next few days as we seem to be this close. GOD Bless
Texas Snake, [04/22/2024, 10:25:30 p. m.]:
About 10 more minutes then I need to close
Will try to illistrate that tomorrow
Yes he uses a CBI Debit card to purchase items in Beeville and he discovered the exchange rate on a recent purchase equaled $3.90 US for his Dinar value up substantially from before the in country RV
Well folks will come back with anything new GOD Bless
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-texas-snake-24-april.html
Sunday April 14, 2024
Latest from Rod Steel ~ 2.10.24
My friend spoke to Patriot Rod Steel today, and he confirmed that he's spoken with some bond people and they have received funds.
More details from Rod: "I was told the paperwork was just completed and the Admiral is going to release everything on Monday."
Rod continues: "The Iraq Government will reveal the new ‘lower denomination’ notes this week and then release the new Dinar Rate (4+) to be published in the Government Gazette on Sunday and then go on FOREX this coming Monday, the 12th". ROD
My very close friend vetted this information with two other contacts. One who is very close to the Admiral - as in working alongside him on a daily basis. And the second gentleman is extremely close to those on the Bond side who are clued into the details regularly. They both are in alignment with Rod's news also - so that's extremely encouraging. We also know that Mark is hearing similar stories.
More from Ginger: I cannot give details because I'm sworn to secrecy, but allowed to say that the papers have been signed by people we know AND others have heard happy news from their group leaders on the T3 Bond side. I personally do not know of anyone in T3 who has liquid, spendable funds as of yet, but I'm extremely pleased with all of the news we're getting. I'm grounded and steady - remaining optimistic. 2.10.24
~ Ginger of the Liberty Lounge
https://dinarevaluation.blogspot.com/2024/02/they-have-received-funds-by-rod-steel.html