RV UPDATE BY BREITLING, 5 AUGUST

  Breitling 

  You have Iran and the Revolutionary Guard...Yemen saying they're going to get revenge...More is going to happen.  That's why there's war ships headed toward the Lebanese coast right now in anticipation towards this.

Breitling

   I'm not getting out of the currency [the Iraqi dinar].  I'll wait it out.  But right now I am neutral.  This is not positive at all [Iraq moving pro-Iran].  We'll have to sit back and watch what the CBI says...How are they going to add value to the currency being sanctioned or being punished?  There's no answer for it.  We have to wait...Whatever comes along I'll report it.  If it changes, no problem, I'll report it.  If I see a pathway that they're going to add value to the currency [I'll report it]...

 Breitling 

 Brutally honest, I give you my honest opinion.  Here's where I'm at personally right now.  I'm not getting out.  I'm neutral.  This doesn't look good [Some Iraqi support for Hezbollah HQ in Baghdad].

  Actually makes me sick to my stomach.  I don't feel good about it at all because I'm looking at the Middle East.  I'm looking at the influence and proxy wars coming from Iran...Here's the reality...

they [Iraqis] were trying to upgrade their financial system and make sure they were compliant and be on the world stage with the currency again. They've always been on it but this is a different ball game.   Here's the thing, they are following law...to be able to trade again...but the road they're going down now, they're going to be sanctioned...That's not good...It's bad for us if they go down that road. 

Breitling

  You need to put your big boy pants on... Article: "US Federal Reserve adopt a new strategy towards Iraq.  The dollar is threatened with rising to unprecedented levels."  They're talking about the policies that are coming up will threaten the dinar.  There's a couple reasons for it...The idea that Hezbollah wants to put its headquarters in Baghdad, it doesn't matter if they do it or they don't, the idea that people in Iraq support that...It's too pro-Iranian.  It's too pro anti-American markets.  So they're going to be punished for it.

Breitling 

 Hamas moving into Iraq, that's still in play.  That is a big issue.  We're not going to support Iraq in any way shape or form if Hamas shows up.  That's a game changer...This [The Iraqi dinar] is an opportunity until  the day it's not...With the Hamas thing right now it's not off the table.  I don't see a threat yet.  But I'm telling you that could be a big deal...If Hamas gets into Iraq, Iraq is in trouble.  Its oil is in trouble...Hamas being in Iraq is a game changer.   That's going to shift the markets.  All we can do is hope and pray and watch.   

9/JUNE

 Breitling

  I have an average at where I think it's going to revalue at, $0.51 or $0.52 cents.  I could be wrong.  It's not like Abraham Lincoln said that or something.  It was an average.  That's why I got into the dinar. That's where I seen the value.

---

 The threat of a lop is still the same as when I got into this investment...The lop question is based on hyper-inflation  ...verses policy inflation.  The Iraqi dinar is stable.  It goes up, it goes down but it's not major like what Zimbabwe and these countries where it was massive inflation.  No body could control it.  Iraq has complete control of the Iraqi dinar ...

The Iraqi dinar is a completely different ballgame.  It's not hyper-inflated because of the markets.  Iraq doesn't have a customer problem...production problem.  Iraq has a policy issue.  The people at the top know what they are doing.

When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work? 

 I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  Thedinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that...Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-breitling-1-may.html

Iraqi Dinar Real Rffctive Exchsnge Rate Released Finally

Al-Fath: Foreign banks in Iraq do not have cash value, 5 AUGUST

 Today, Saturday, member of the Al-Fatah Alliance, Mahmoud Al-Hayani, revealed the presence of large corruption files within the Iraqi banking business and the involvement of major figures, while confirming that foreign banks in Iraq do not have monetary value that benefits Iraq. 

Al-Hayani said in a statement to the Maalouma Agency, “Foreign and Jordanian banks in particular do not have through which they can supply the Iraqi market funds with the monetary mass, and their presence inside Iraq does more harm than good,” noting that “The Central Bank of Iraq was unable to find solutions and did not rise to the level.” "Required". 

He continued, "The reason for the entry of foreign banks into the country is due to American dictates exercised on the Central Bank in order to grant them licenses to operate in Iraq according to special privileges," pointing out that, "The Iraqi government needs support from the political forces and concerted efforts in order to distance the banking business from suspicion.” And corruption.”  

The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq was to grant business licenses to Jordanian banks and operate in the country, indicating that it was the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.  link

RV UPDATE BY JEFF, 5 AUGUST

 Jeff

  Iraq just competed their 5 year development plan...That's basically the reform plan...They completed the reform plan, that's a required step for their accession to the World Trade.

Jeff   

They haven't implement their budget yet because they're waiting for the rate to change.  Everything in Iraq...the budget, the laws, the overturning the budget, everything out there is being stalled and delayed to be timed with the rate change.

 Article: "Four counties meet in Baghdad to support the development road project" 

...You have to look at their timing.  They finished the 5-year development plan around the end of July walking into the beginning of August.  Why? Timing.  They're about to revalue.  Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August.

 https://dinarevaluation.blogspot.com/2024/08/rv-update-by-jeff-2-august.html

🔥 Iraqi Dinar 🔥 Major Rate Change 🔥 Today IQD Value to Dollar RV News Gu...

Legal violations” in the work of the Central Bank prompt demands to replace its governor, Ali Al-Alaq, 5 AUGUST

  Today, Saturday, the economic expert, Abbas Al-Bassel, stressed the necessity of replacing the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, in light of the violations committed by the Central Bank against the constitution and the law.

Al-Basel told Al-Jarida, “When Al-Alaq was brought in, the work of the corrupt whales among the politicians became active, as they invested in dollars and the private sector was terminated, while the Central Bank imposed unnatural complications by launching a campaign against simple shops and kiosks in the markets of Shorja and Karrada, and preventing the sale of electrical and food supplies and even clothing in dollars, and taking pledges from shop owners to prevent dealing in dollars, and punishing them in the event of a violation, in procedures that have no legal ceiling or a judge’s decision, so the Central Bank violated the constitution and the law.”

Al-Bassel added, "The dollar is currently on the rise, at a time when there is no official announcement by the Central Bank about the volume of remittances leaving the country, so Ali Al-Alaq must be replaced with a professional, non-partisan figure."  link

RV UPDATE BY CLARE, 4 AUGUST

 Clare  

 Article: "Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?"  

Quote:  "Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations...1. Kuwaiti Dinar: equivalent to 3.27 dollars...2. Bahraini Dinar: 2.65 dollars...The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community...  3. Omani Rial: 2.60 dollars.  4. Jordanian Dinar:  1.41 dollars.  5. British Pound: 1.26 dollars.  6. Gibraltar Pound: e1.26 dollars.  7. Cayman Islands Dollar: $1.20.  8. Swiss Franc: 1.14 dollars.  9. Euro: 1.08 dollars.  10. US Dollar: $1.00."

Article: "US Treasury Takes Control of Iraq's Central Bank to Combat Money Laundering"  

Quote:  "The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq's commitment to international standards for combating money laundering and terrorist financing..

.One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions."