LATEST FROM MILITIAMAN, 23 AUGUST

  Militia Man 

 They were definitely coming after Alaq.  Why?  Because their cash cow...is getting dried up and obviously they're getting squeezed.  You not only have people in Baghdad getting squeezed you got people in Kurdistan area are going to get squeezed as well because they are on the wrong side of the trade.  They have different agendas.

Anybody that thinks this is going to be a lop has got to be flat-out loco.  They're not going to be able to fund all their processes at 1310/1320...There's no inflation.  They've got it covered.  They've been working on this for years...It's a bullish time to paying attention to what you own...Put the lop to bed.

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Militia Man 

  Article quote:  "Central Bank's inability to meet the needs of Iraq dinars which may force an increase in issued monetary mass."  

They didn't say dollars, they said the need for dinar.   

Why would they need to have dinar?  

Remember...they've been bringing in 25k notes because...they're doing electronic.  All that money that comes in gets credited on cards.  They've been absorbing cash.

What were they doing in the background? 

 They were destroying money...They didn't tell you how much money they destroyed...But they're saying they're having a problem with liquidity...a problem...to meet the need for Iraq dinar...They're going to need money to be replaced.   Could that be the new small category notes with more value? ...

Why in the world would you go out and destroy a bunch of money... make it into pellets for burning, when you're going to go and create new 25k notes.  Does that make any sense to anybody? 

 Do you think they built that big, huge massive building...to have more inflation and a cheaper exchange rate less that 1310?  That's what they would be doing...That doesn't make any sense whatsoever.

https://dinarevaluation.blogspot.com/2024/08/latest-from-militiaman-21-august.html

Iraqi Dinar Guru News Highlights (8/22/24)

PM Barzani discussed with Maj. Gen. Kevin Leahy the efforts against ISIS, 23 AUGUST

 Shafaq News/ On Thursday, Kurdish Prime Minister Masrour Barzani met with the newly appointed commander of Combined Joint Task Force – Operation Inherent Resolve, Maj. Gen. Kevin Leahy to discuss the situation in Iraq and ongoing efforts to combat ISIS with the US Consul General in Erbil, also in attendance.

"During the meeting, we discussed the general situation in the Kurdistan Region, Iraq, and Syria, as well as the efforts being made to counter the threats posed by ISIS and terrorism in general," Barzani said.

He added, "We congratulated the Commander on his new position and expressed our gratitude for the continued support provided by the United States and the International Coalition to the Kurdistan Region."

In turn, Maj. Gen. Leahy emphasized the importance of the partnership and highlighted the significance of the "shared struggle" between the Kurdistan Region and the United States.

LATEST FROM BRUCE, 23 AUGUST

 Bruce  

 [via WiserNow]  ...If it all pans out, we'll get our emails [Wednesday] – set our appointments...start as early as [Wednesday] or Thursday...Rate wise...we saw what...the dinar and dong were a few days ago...and...the redemption center screens are going to be much higher than the bank screens. Just so you know, redemption center screens are significantly higher. 

Not to mention the fact that, if you're a dinar holder... and are a US citizen, you will be offered a contract rate.

What is the contract rate? 

Contract rate is what a barrel of oil in Iraq is selling for, in USN dollars, whatever the per barrel price of oil is that Iraq is selling...to...other countries...That's what we are being offered. That's the contract rate, and it's pretty high.  

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 Bruce   

[via WiserNow]  

 When do we get notified? 

The latest information has been all over the place...but I can tell you the latest information that I believe is reliable is saying we will receive notifications sometime Tuesday...That would be the 20th...

And that would be great. Then we probably will be setting our appointments, more than likely, for Wednesday, with some possibility of Tuesday afternoon...

 INTEL ONLY

***WHERE ARE WE NOW???***

Gem Finch, [16/08/2024 12:29 PM]

First R&R  - new information today the money from BC and Divorce Decree or Death Certificate parent’s spouse there were four areas traded as bonds.  The other thing is interest we paid on mortgages and bank loans for cars or whatever?  And for some of the older folks so older people will get a pretty big chunk – now for those in the currencies and Zim and those with Zim  - we will get our R&R put into our QFS accounts.   They should tell us that and how much it’s going to be before the total from the exchanges are added.   When it comes to the QFS  - so the Quantum Card thicker than a CC and has three chips  but we never carry that around with us and we only use it to move funds into your primary and secondary accounts, from the QFS account.    You can move to three different banks.   You don’t use it for anything else  - it’s not a CC /Debit card and you don’t ever want to lose it.

Access to the QFS we will get the R&R into that account and know what that is before the other funds are added.  Now here is the other thing to access the QFS they’ll use a biometric finger or thumb print and username and password all of which have to be written down and all other passwords at that exchange.   And a five digit  ID number and a new email address all you have to add to access your QFS accounts.   So this is backed by the New UST  - Bruce is saying gmail is a safe email.

We know when the R&R is happening for us  - but for non-exchanges because this goes to anyone 28 years and older and the green card holders you need to have had your card for 18 month minimum.  Say you're 55 or younger – but this will be deposited directly into your bank account.   They know what your bank account is because of the Ssecurity you had to use  and this all starts on Monday 19th August and could take up to 7 days to show up and you’ll know when you have a deposit  - email/phone call or online notification.  And for the older folks its substantial – but for the younger ones under 35 that says you won’...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/where-are-we-now-intel-only-by-gem.html

IRAQ IS REVITALIZING ITS ECONOMY IN 2024

Iraq reaffirms commitment to OPEC+ oil cuts, submits new compensation plan, 23 AUGUST

 Shafaq News/ On Thursday, Iraq's Ministry of Oil confirmed its dedication to the voluntary production cuts agreed upon within the OPEC+ framework.

In a statement, the ministry emphasized its role in stabilizing global oil markets, noting that “it has taken concrete steps to reduce production levels in line with the group's decisions, while addressing excess output from previous months.”

According to the statement, the ministry has also submitted an updated compensation plan to the OPEC Secretariat, outlining “the details and procedures to ensure full compliance with its commitments.”

Iraq, OPEC's second-largest producer, relies on oil exports for more than 92% of its state budget, exporting 60% of its crude oil to Asia, 25% to Europe, and 15% to the US.

LATEST FROM SANDY INGRAM, 22 AUGUST

 Sandy Ingram  

 Building and growing your financial bases will be easier when you have money...The name of the game to replenish your wealth means that you invest in positive cash flow business ventures even if you go out and buy a Pizza Hut just as long as it has a positive cash flow to help support your lifestyle that you would like to live in.  

You replenish your wealth by investing in business ventures that will bring you more monthly income.  That's how you maintain and generate and grow your wealth.

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Sandy Ingram 

 Iraq just delayed the US group exit.  It's a big deal.  Iraq has chosen to delay the announcement of a departure date for the US-led military coalition. 

 This comes amidst escalating tensions between Israel and Iran...Currently around 2,500 US troops remain in Iraq...This delay in setting a withdrawal date underscores the Iraqi government's challenging position amidst internal and external pressures.  Stay tuned for more updates as this situation continues to unfold.

Sandy Ingram 

 Research says 70% of all lottery winners are broke within 3 to 5 years after they win the lottery.  These numbers are almost as high for ex-NFL football players who once they are no longer playing football go broke...  They're doing exactly what I am strongly recommending you don't do.  They are living off their winnings.  You want to get into a mindset of replenishing your wealth.  It will be easier to build more wealth once you have wealth.  Money begot money.  Money attracts money.

Sandy Ingram 

 The news from the Middle East has gone haywire.  There appears to be consistent and organized misinformation coming out of the Middle East.  [I] will do everything in [my] power to report correct and confirmed news reports...

 Sandy Ingram  

 Iraq did not follow Kuwait's revalue path.  The Untied States pulled back on financial support for Iraq's revalue shortly after the invasion was over when they made the decision that were not in alignment with economic growth for Iraq.  It's been 20 years and the currency still has not been revalued...

We are learning more about why including issues like the IMF will not support a currency adjustment until the county has more income streams outside the oil industry, implementing banking reform that ties into international banking standards and providing housing for the hundred of thousands of people who have been misplaced due to decades of war, not to mention...corruption.

Sandy Ingram  

 Question: "How is Iraq going to do business in the international market with such a low currency rate?"  

This is why Iraq will need to increase the value of its currency.  Currency values... act as a silent force influencing a country's global competitiveness.  When a country's currency value is low it can impact it's ability to compete...Iraq's top trading partners are China, India, South Korea and on the sidelines Iran.  However things are about to change and fast.  The development road project places Iraq right in the middle of the global financial markets.  [We] have little doubt the Iraqi dinar will increase in value but we don't know when or how much.

A major financial change in Vietnam...Decree 52 regulates non-cash payment in Vietnam and will significantly alter Vietnam's financial landscape...Decree 52 marks a significant milestone in Vietnam's journey towards a cashless economy.  If you have VND bank notes you will need to find out how you can comply with Decree 52 as a foreigner.  [We] will research the topic and report back as soon as we understand the procedure.  According to the news report the banks have 24 months to comply...

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-sandy-ingram-20-july.html

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