DINAR REVALUATION

Wednesday, July 31, 2024

"THIS PLATFORM HAS BEEN CREATED AND REPLACED THE CBI AUCTION PLATFORM!!!" BY FRANK26, 1 AUGUST

KTFA

FRANK26:"THIS PLATFORM HAS BEEN CREATED AND REPLACED THE CBI AUCTION PLATFORM!!!"........F26

Experts: Dollar stability depends on creating a “new platform” with Iran and Syria

7/31/2024

Baghdad: Ahmed Al-Janabi

Financial and economic experts believe that the stability of the dollar exchange rate depends on creating a new platform for trade with Syria and Iran, and dealing with countries banned from the dollar in another currency.

Like the euro or the Chinese yuan.

The exchange rate yesterday in the parallel market was recorded at 149 thousand dinars for every 100 dollars, although the official rate at the Central Bank is 132 thousand dinars for every 100 dollars. Economic researcher Mustafa Al-Faraj said in a statement to “Sabah” that “the parallel market for the dollar is facing great pressure

By traders and travelers to Iran, Syria and other countries banned from using the dollar,” noting that “this increases the demand for the dollar and thus prices rise.”

He pointed out that "the solution to this problem lies in finding a new platform with these countries and dealing with them in a currency other than the dollar, such as the euro and the yuan, with the importance of finding an appropriate formula for the US Treasury Department to remove sanctions from our banking sector."

Al-Faraj explained that “Iraq lacks economic diversity and is completely dependent on oil, which has weakened other economic sectors,” explaining that supporting the productive sector can limit the drain on hard currency for imports.

For his part, the official spokesman for the currency market in Sulaymaniyah, Jabbar, explained:

Kuran said that “the rise of the dollar this time is not linked to a political or economic crisis or external factors, but rather is linked to the measures of the Central Bank of Iraq, and it is possible that the bank will control this.”

Height".

The Central Bank called for "taking measures that could reduce the dollar shortage in local markets."

In addition, economic researcher Alaa Al-Fahd expected the dollar exchange rate to gradually decrease in the coming days, explaining that this increase is common with the implementation of any new policy by the Central Bank of Iraq, as speculators try to exploit this in order to increase their profits.

He added, "The Central Bank of Iraq has discussions and procedures with the US Federal Reserve in order to control the exchange rate in the parallel market, and we hope that these discussions will yield positive results."

LINK

RV UPDATE BY MNT GOAT, 1 AUGUST

Mnt Goat ...

to get their currency reinstated for Iraq, it is an uphill battle. They must fight, fight these globalists. But some of the problems stem from themselves too as there are measures they could have taken to further manage the dollar, curb corruption and money laundering. But they didn’t. There are also timelines in the strategic plan to get to the reinstatement that have not been met and need to move ahead now.

Mnt Goat

...the CBI very distinctly told us this procedure of the Project to Delete the Zero is NOT a lop...they described what a lop is and how it is used in times to relieve the stress on a currency due to hyperinflation...They are averaging now about a 3-4% inflation rate with the highest of 9% when they did the de-dollarization in 2023. So, the tool of the “lop” does not apply.

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.

"Q & A" WITH MNT GOAT

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

FRANK26….7-31-24……REACHING OUT

Can Iraq Tame Iranian Militias? 🇮🇶 2024 08 01

Following the request to the Central Bank of Iraq, which includes merging the banks banned from dealing in dollars into the currency auction, 1 UAGUST

Following the request to the Central Bank of Iraq, which includes merging the banks banned from dealing in dollars into the currency auction.

The sources told Shafaq News Agency, "The US Treasury and the Federal Reserve have asked the Central Bank of Iraq to merge the banks restricted from using the dollar, and to close some troubled banks."

The sources added, "The Central Bank of Iraq is required today to take rapid measures to merge banks and close the troubled ones in order

 for them to return to banking work, which will have a positive impact on the exchange rate. For this reason, the Central Bank has contracted with an international company to present a plan for the banking sector, which will include merging banks and closing some of them."

Informed sources revealed that "this company, recommended by the Americans, is similar to the work of K2 , without revealing its name or revealing further details."

RV UPDATE BY MARKZ, 31 JULY

MarkZ

[via PDK]

I can tell you the news coming out of the Kurdish region is great. “The Kurdish government resolved the crisis with Wisdom” He says Baghdad has no excuses left. They are talking about the HCL and say they have resolved it. They expect Baghdad to rubber stamp the HCL. (Hydro Carbon Law)...

We were always told that within hours or a few days they would release the RV after the HCL is finished. It’s a key piece for moving forward with their reforms. I am told they will have the HCL pounded out, signed and official between now and August 5th. There is lots of positive chatter from the Iraqi banking sector that they could go (RV?) within that time frame…fingers crossed…I still hope they roll it out today…

RV news has been quiet after a very busy weekend from Iraq. Nothing on HCL yet …but our last update yesterday is it looks like it will go within days.