LASTEST RV UPDATE FROM FRANK26, 28 AUGUST

Frank26 

 The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world...The monetary reform is the linchpin.  It's the trigger.  It's the button that will be pushed to change financial structures around the world...We investors of the dinar have a backup for a backup in order to survive this global financial change... 

Frank26 

 Article:  "Iraq and America to resume negotiations on the banking sector next Monday" 

 ALAQ'S VISIT IS ON IRAQI BANKS... IRAQI BANKS ONLY CARE ABOUT A NEW EXCHANGE RATE.

Frank26 

  I don't care about the WTO and HCL because it only waits for one thing, the new exchange rate.   The only mechanism that everyone is waiting for is the new exchange rate.  

That is the simple fact.  This fact is real because Sudani is constantly reinforcing that idea...by constantly coming out on TV and talking to you [Iraqi citizens] about you're going to get purchasing power.

We found out the 3 zero notes are going to coexist with the lower notes for 10 years.

  Do you understand the power behind that?  

That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER)

 Frank26 

 The goal is what?  Retrieve those [Three zero notes].  

How? 

As soon as we raise the value, give them purchasing power, as soon as we drop the 3 zeros, they're going to bring in all that 80 something percent [still in Iraqi mattresses]...The monetary reform plan is brilliant...It is moving at a very fast pace.

DINAR REVALUATION 

ANALYSIS OF WHAT EDDIE TOLD TO FRANK26: 

"Then Saleh talking about oil being sold in dinars instead of dollars." 

 Economist back on tv saying it’s time to drop the zeros."

---It sounds like there's a couple of interesting economic discussions happening in Iraq right now!

1. Saleh and Oil Sales in Dinars: Saleh's suggestion to sell oil in dinars instead of dollars could be aimed at strengthening the Iraqi dinar and reducing dependence on the US dollar. This move could potentially stabilize the local economy and improve national financial sovereignty. However, it would also require significant adjustments in international trade agreements and currency exchange systems.

2. Dropping Zeros from the Dinar: The economist's call to drop zeros from the dinar is a common monetary policy strategy known as "currency redenomination." This involves introducing a new unit of currency that is worth a thousand or more times the old unit. It's often done to simplify transactions and improve the currency’s image after periods of high inflation or economic instability. For Iraq, this could be a step towards stabilizing the currency and restoring confidence in its value.

Both of these measures reflect efforts to address economic challenges and enhance the stability of Iraq's financial system. The success of these strategies will depend on how they are implemented and their impact on the broader economy.

SEEMS THAT WE ARE REALLY CLOSE TO OUR DESIRED RV!!!

https://dinarevaluation.blogspot.com/2024/08/dinar-revaluation-update-seems-that-we.html

IRAQI DINAR EBS QUANTUM NESARA & MORE...MUST WATCH #iraqidinar #dinar #q...

Revealing the main currency used in Iran's trade with Iraq, 28 AUGUST

 Shaaban Forotan, a member of the board of directors of the Iranian-Iraqi Joint Chamber of Commerce, revealed today, Tuesday, that the largest part of trade between Iraq and Iran, in terms of traders and exporters, is carried out through the Iranian riyal.

"Most Iranian exporters now work in riyals in trade with Iraq, and financial transactions between the two countries will continue without using the Iranian riyal, i.e. also in dollars. This does not mean the complete elimination of the dollar, but a large portion of traders conduct their transactions without the dollar," Forotan said in statements to Iranian media.

He explained that "the commitment to trade in dollars does not include all product groups, but the exchange of riyals into dollars cannot be implemented due to the sanctions imposed on banks, and riyal traders earn from selling goods in the Iraqi market through their contacts with the stock exchanges of Iraq and Iran or a third country such as the United Arab Emirates, and they do not have the possibility of direct settlement."

He pointed out that "the supply of Iranian goods faced a problem in the Iraqi market, which is the multiple increase in the prices of goods in Iran during the year, while it is expected that prices will increase only once a year   link

LASTEST RV UPDATE FROM MARKZ, 28 AUGUST

 MarkZ  

 [via PDK]   I am certainly hearing we are just waiting for the switch to be pulled….and this is going to be an amazing week and we are going to see great things...

Rumors are bouncing all over…even with the groups...but substantial news is a little slim….

 From the group leaders there are tons of rumors about the immediacy of this thing. Including the rumors that money is positioned and they will start doing smaller groups as early as today. ...

But until we can substantiate them…right now…it’s all just rumors...We will wait to see what happens before we get to excited. Things are certainly heating up.

Question:  wouldn't it be beneficial for Iraq to revalue sooner than later especially since what a 23 24 25 budget has been passed but yet we're nearly into 25 and there's nothing that's benefiting them?

  MarkZ:  it would be beneficial for them to revalue sooner. I can tell you that they want to.

Iraq's Economic Outlook 2024: IMF Insights

Saleh: PM's visit to Egypt, Tunisia will serve national, regional interests, 28 AUGUST

 The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained today, Tuesday, the importance of Prime Minister Muhammad Shia al-Sudani's visit to Egypt and Tunisia, stressing that this visit will develop strategic partnerships and will bring economic benefits to Iraq and those two countries, in addition to serving national and regional interests.

Saleh said, in a statement to the media, followed by "Al-Eqtisad News", that "the visit of Prime Minister Mohammed Shia Al-Sudani to Egypt and Tunisia is important, especially since they are the incubator of the Arab League in two different time periods, and they have long historical relations with Iraq."

He added that "the Prime Minister's visit to Egypt and Tunisia is of great importance from several aspects, most notably strengthening bilateral relations and enhancing cooperation in the fields of economy, cultural and educational exchange," noting that "this important visit will open the way for signing economic or technical agreements or memoranda of understanding that serve the common collective interest."

He stressed that "this visit will enhance the follow-up of ways of joint cooperation, especially the development of existing projects in construction and housing undertaken by companies from the two countries, especially Egypt, in addition to enhancing trade and investment with the two sister countries, which will benefit the national economy of Iraq and those two countries, in addition to enhancing positive rapprochement between the peoples and sons of the region. The visit will also provide an opportunity for consultation on international and regional issues of common interest."

Saleh stressed that "the Prime Minister's visit to Egypt and Tunisia will develop strategic partnerships and achieve common goals that serve national and regional interests."    link

LAST RV UPDATE FROM MILITIAMAN, 28 AUGUST

 Militia Man 

  Article  "Iraq is the 9th largest buyer of gold in 2024" 

 If they clawed back enough money to help buy 100 tons of gold, man, there's been some heavy, heavy corruption.  I'm assuming their recent income from non-oil revenues has had something to do with it as well.

----

 Militia Man  

 Article quote:  "At this time there is no acute problem regarding cash liquidity " 

 There's no need to print new currency...They've yet to do anything different.  

They spent about $50 million in printing currency and it wasn't triple zero notes.  There's no reason for it.  You can't spend $50 million while you're burning up money to print new ones, especially if they were perfectly good.

---

The United States is going to say we're ready to go. 

We're not playing games anymore...we're going to do it our way.  Iraq either you're on board or you're not on board...No wonder those guys are barking...because the parallel markets are going to go away and fast.

  They know what they need to do.  Change the value of their currency and no one's going to want their [black market] USD.  They're going to know the Iraqi dinar is going to be powerful just like Sudani said...

https://dinarevaluation.blogspot.com/2024/08/theres-no-need-to-print-new-currency-in.html