Thursday, September 5, 2024

STATUS OF THE RV BY MNT GOAT, 5 SEPT

 STATUS OF THE RV

Hello everyone. So, today is Wednesday and I wanted to talk with my CBI contact in Iraq before publishing this Newsletter. This will happen later today but for now I am publishing what I have for news. I have to tell you it is “WOW!”. 

You know what? I really hate to continue with “I told you so news” or better yet “they told us so news”. But this is the news today. Yes, Iraq told us all about how they fully intend to get back the “glory days of dinar” and so they are doing it. 

Yes, simply put, they are doing it. 

But let’s stop all this idiotic intel from this guy TONY TNT and Bruce Big (stupid) call bullshit, and put the pieces of the puzzle together.

 I allude to a puzzle because at this point the pieces are all aligning so nicely.

 We don’t have to speculate or make up stories, but instead just let it flow out. Again, I say it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement. You can’t do one without the other. You only have to get off the roller coaster, settle down and THINK what is going on. I can almost predict now when Iraq intends to reinstate their dinar. On Wednesday I will make my weekly call to Iraq for an update, stay tuned in.

Here is a short video clip of just what corruption still remains in Iraq. They must deal with this corruption. It stems from political members. 

But NO, the RV has not yet happened and it certainly “is not all done” as many of these idiots are telling you .

 If you read the news this period you will it is still about the electronic banking to secure the dollar and dinar from the hands of the corrupt and the black market.

 They need to know where all the money is going and who has it. They still also need to flush out the hoards of stashes of cash outside the banking system too. This will not and cannot happen to the level they want until the “official” price of the dinar is over the dollar. Has this happened? What event will facilitate this? So please Mr. intel idiot guru don’t tell me “Its all done”. That is a stupid statement and only shows ignorance.

Let’s all get a nice hot cup of your favorite tea, coffee or other relaxing beverage and join me today as I explain what I mean by today’s WOW! WOW! WOW! news.

Folks, the path to the reinstatement is crystal clear. Can you see it too. So, take what we learned just in the last 9 months and you can see the writing is on the wall. I don’t say this lightly either. We are just about there. But first things first.

Now can you remember I told you as we near the elections in the US this current crooked administration of the Biden and Harris must first be dealt with. Also there still are some loose ends that need to be “tidied-upped”. We are just about 66 days away to Nov 5th. This is a pivotal election in many ways. So now as we get closer to the US election cycle, these other issue become more and more important. THE PUSH IS ON!

😊 One of the loose ends is the much-needed amendments to the Iraq Investment Law. They told us in an article that the WTO requested some changes to the law. In this same article, they told that this was the ONLY issue holding Iraq back from full accession. It has been months and months already since they told us this law was needed in an article. So, what pops out in the recent news. The article is titled “PARLIAMENTARY ECONOMY COMMITTEE DISCUSSES AMENDING THE “INVESTMENT LAW”.

HERE IS THE LINK OF "Iraq's Investment Law: Big Changes Ahead!" https://dinarevaluation.blogspot.com/2024/09/iraqs-investment-law-big-changes-ahead.html

DINAR REVALUATION REPORT:  Iraq's Parliamentary Economy Committee Discusses Amending the Investment Law, 1 SEPT  

https://dinarevaluation.blogspot.com/2024/09/dinar-revaluation-report-iraqs.html

The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years. So we may see this law very soon. Then the WTO.

😊 Next yet another WOW article is the one titled “CENTRAL BANK DISCUSSES IN WASHINGTON THE RE-INTEGRATION OF BANKS BANNED FROM THE DOLLAR”

ABOUT  THE SUCESS OF THE RECENT NEGOTIATIONS IN WASHINGTON BY MILITIAMAN, 3 SEPT

https://dinarevaluation.blogspot.com/2024/09/about-sucess-of-recent-negotiations-in.html

The Central Bank of Iraq discussed in Washington the re-integration of banks banned from the dollar, in addition to contracting with electronic payment companies. regarding the visit of the delegation headed by the Governor of the Central Bank, Ali Mohsen Al-Alaq, to ​​the United States of America, in which he said that the delegation discussed the use of electronic payment cards and ways to organize and stimulate their use in line with Iraq’s trend towards electronic payment.

This came “during separate meetings with a group of companies such as (Visa, Mastercard and MoneyGram), as the international auditing company (KPMG) presented an extensive analytical presentation of the uses of these cards, supported by recommendations and proposals to enhance organized use and accommodate the significant increase in citizens’ use of these cards.”

The statement added, “The parties gathered during the negotiations praised the important steps in enhancing the banking sector reforms, the most important of which is the contract that the delegation of the Central Bank of Iraq concluded with the company (Oliver Wyman) to conduct a comprehensive review of the conditions of Iraqi banks, especially banks prohibited from dealing in the US dollar, as the company will work to develop practical solutions to reintegrate these banks into the Iraqi and international banking sector, in addition to improving the level of banks’ procedures in line with international.

I told you that we would hear of the results of this meeting soon. And so here it is and it all sounds promising/ They need to restructure these banks. They need to buy and sell foreign currency, including the US dollar.

😊  Next there was an article titled “CBI LAUNCHES NEW PHASE OF INTERNATIONAL TRANSFERS”. On August 30th, Shafaq News told us the Iraqi Central Bank (CBI) delegation in New York has announced the commencement of a new phase in international transfer operations, involving 13 Iraqi banks. According to a statement by the bank, this initiative is aimed at diversifying currencies and facilitating global transfers. The statement highlighted that this development follows an agreement on mechanisms to regulate these transactions, which will now include the use of the Euro, Chinese Yuan, Indian Rupee, and UAE Dirham.

So, now read my lips…. Can you say “international” along with me? Now do you know why I am so happy today? Can you see the writing is on the wall too?

😊 Then the proverbial icing on the cake is a statement made by Al-Sudani’s finance advisor Saleh, that he believed that removing three zeros from the currency, globally, requires two conditions:

1. “political stability and economic stability. When these two factors are available, countries resort to removing zeros from their currency,” adding that “the value is fixed and not affected. Rather, it is a relative change.”

2.He stated that the project to remove three zeros “we worked on between 2011 and 2012, but there was a delay in the matter, because it requires a change in the accounts of the Republic of Iraq and statistics, and requires cooperation between monetary policy and all government policies.”

It is noteworthy that a number of economists and experts recently called for deleting three zeros from the Iraqi currency,

Holly Molly what a statement! WOW! WOW! WOW!. They once again told us that “there was a delay” but they are now working on it?

 So what changes do they need to make to go forward once again? Folks, I hated even to ask this question as we have witnessed and are now witnessing all these changes happen right in front of our noses. All I can now is “I told you so”. 

That they are not yet ready but we can clearly see it will not be much longer. This is a bright ray of sunshine for all of us today with all the “WOWness”. WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW!

Did I just say “WOW!” twelve times….. lol..lol..lol… 😊

What can we as investors do right now?
  • Pray and pray that nothing will mess this up….
  • Be very patient….
  • Do not sell your dinar….  
  • No more intel guru talk….
  • No more NESARA / GESARA crazy talk….
  • Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
  • Don’t over speculate and set unjustified expectations….

I know the path to this reinstatement, and I don’t have to speculate or guess. If you are faithful follower of my blog, you then clearly see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories or lies that four letter agencies are talking to me, because they aren’t, and I don’t care what the hell they are saying anyway. 

These rumors are like an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, we must stay grounded as this RV is coming to a closure and there is not much longer to wait. 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/ 


DINAR REVALUATION REPORT: New Measures in Iraq After Stopping Transfers: An Economist's Perspective, 5 SEPT

 New Measures in Iraq After Stopping Transfers: An Economist's Perspective

In March 2024, an International Monetary Fund (IMF) mission led by Mr. Jean-Guillaume Poulain met with Iraqi authorities to conduct the Article IV consultation.

  The mission's preliminary findings revealed that Iraq needed to implement significant fiscal adjustments to ensure sustainability, reduce oil dependence, and protect critical social and investment spending. 

These measures were deemed necessary to address medium-term vulnerabilities to oil price volatility and to promote economic growth.

Economic Challenges and Proposed Solutions

Reducing Oil Dependence

Iraq's economy is heavily reliant on oil revenues, which makes it vulnerable to global oil price fluctuations. The IMF recommended that Iraq diversify its economy to reduce this dependence.   This could be achieved by increasing non-oil tax revenues and boosting non-oil exports.

Fiscal Sustainability

To ensure fiscal sustainability, the authorities were advised to control the public wage bill, which has been a significant drain on the budget. This would involve labor market reforms to increase efficiency and reduce the size of the public sector. 

Private Sector Development

Enabling private sector development is crucial to Iraq's economic future. This requires modernizing the financial sector, restructuring state-owned banks, and implementing pension and electricity sector reforms.  By doing so, Iraq can attract foreign direct investment (FDI) and foster a more competitive business environment.

Impact of New Measures

The implementation of these measures could lead to higher economic growth, which is necessary to absorb the rapidly expanding labor force and broaden the tax base. However, the success of these reforms hinges on the government's ability to execute them effectively. 

LATEST FROM CLARE, 5 SEPT

 Clare  

 Article:  "Economist talks about new measures after stopping transfers"  

Quote:  "the Governor of the Central Bank of Iraq, Ali Al-Alaq, in New York over three days with US Treasury officials gave a new boost and confidence to the Iraqi banking system...

The Central Bank of Iraq will stop dealings with foreign correspondent banks in the future and reduce reliance on them, after developing the Iraqi banking relations network...and gradually ending work on the electronic platform for transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks."

 Article:   "Central Bank of Iraq makes progress in reforming banking sector"

  Quote:  "US Ambassador to Iraq Alina Romansky confirmed [via tweet]...the Central Bank of Iraq has made progress in reforming the banking sector...

We commend the progress made by Iraq and the Central Bank of Iraq in reforming the Iraqi banking sector in partnership with the US Treasury and the Federal Reserve during recent meetings in New York, where the two parties discussed ways to cooperate to enhance transparency and integrity in the Iraqi banking sector."

DINAR REVALUATION UPDATE: THE IRAQ'S ECONOMIC PROGRESS IS HIGHLIGHTED BY THE US TREASURY, 5 SEPT

 

Summary

Iraq’s economic progress is highlighted by the US Treasury’s praise for improved financial practices, signaling potential stability and investor confidence.

Highlights

  • 🔍 US Treasury praises Iraq’s financial progress.
  • 💵 New currency exchange mechanisms go live.
  • 📈 Economic stability can attract foreign investments.
  • 🏗️ Development Road Project to diversify Iraq’s economy.
  • 🏦 Central Bank implements stricter oversight on transactions.
  • 🌍 Improved financial management impacts the Middle East.
  • 📊 Transparency in currency sales boosts investor trust.

Key Insights

  • 🌟 US Treasury Recognition: The praise from the US Treasury emphasizes Iraq’s efforts to stabilize its economy through better financial practices, which can enhance international relations.
  • 💳 Digital Banking Future: Iraq is moving towards digital payments and electronic banking, indicating modernization and improved efficiency in financial transactions.
  • 🌱 Job Creation Potential: The Development Road Project is expected to create jobs and attract investments, showcasing Iraq’s potential to diversify beyond oil reliance.
  • 🔒 Stricter Oversight: The Central Bank’s focus on stricter oversight of financial transactions may reduce corruption, enhancing economic stability.
  • 🔑 Investor Confidence: Improved monitoring of currency transactions may build trust among investors, essential for economic growth and stability.
  • 🌍 Regional Stability: A stable Iraq could reduce the need for US military presence, suggesting that economic stability has broader geopolitical implications.
  • 📈 Long-term Economic Impact: Enhanced financial practices can lead to sustained economic growth, benefiting public services and overall quality of life in Iraq.

Wednesday Evening News With MarkZ , 5 SEPT

Wednesday Evening News With MarkZ 

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions


​​Member: Good Evening  Mark and mods, hope everyone had a great day.

Member: What do you know today Mark??

MZ:  I am getting many reports today that payments have started. Reports that payments are rolling out to groups today….this afternoon…in the last 4 hours or so…... But I am staying calm because I have not been able to prove it yet. But I am looking for proof that this is accurate. 


MZ: I am hearing this from any different sources….IF this is accurate…in the next day or two-you and I should find out when we can go in and exchange our currency. IF THIS IS ACCURATE.

MZ: I am getting blown up with contacts saying they have let things go. I have no idea if this is accurate or not. I cannot find anybody with cash in hand. I have heard this from a number of sources. I bet the dinar boards are exploding today. We are in hope that this is accurate. 

MZ: STAY CALM….I am really trying to stay calm as well. 

Member: JENTEL: said same thing with Mike Bara today!!

Member: I hope it's accurate. Them 2 nickels I been rubbing together 'bout wore out...


Member: I hope that what you are hearing MarkZ pans out!!!

Member: Stay grounded and focus on the $$ system being returned to all people

Member: Fiat money eventually returns to its intrinsic value - zero.

Member: If they are going through the levels before us, I would not be surprised for it to take a week or even two… think about it, no matter how many profess it will be all going at the same time, … That really wouldn’t be physically possible… My personal guess, maybe they get all of us through our appointments, so we All see the amount we will receive, then Release it All at the same time…

Mnt Goat    ...Iraq told us all about how they fully intend to get back the “glory days of dinar” and so...Yes, simply put, they are doing it... at this point the pieces are all aligning so nicely...it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement.  You can’t do one without the other... it certainly “is not all done”... the path to the reinstatement is crystal clear... you can see the writing is on the wall. I don’t say this lightly either. We are just about there... 


MZ: That may be the best message from Mnt Goat yet….It’s spot on …They have told us over and over again…..raise the vale, release the lower denoms , and get rid of the 3 zero notes.   

Member: Mongolia is going to BRICS!  That Tugrik may be worthwhile to add to the currancy pile? 

Member: Turkey is going as well…..BRICS is growing by leaps and bounds….

Member: Thanks everyone ….God Bless

Mod:  THANK YOU, MARK AND COMM FAMILY!! WE WILL SEE ALL OF YOU AT 10:00 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST... OR AT W&W TONIGHT AT 8:00 PM EST.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Whiskey and Wisdom with MarkZ, MikeB, and Zester. 09/04/2024

DINAR REVALUATION REPORT: ABOUT THE IMF'S $3.22 OIL VALUATION, 5 SEPT

 Iraq's Economic Strategies and the $3.22 Oil Valuation in 2024

Iraq, one of the most oil-dependent countries globally, has historically based its economy heavily on oil revenues, which have accounted for over 99% of exports, 85% of the government's budget, and 42% of gross domestic product (GDP) over the last decade.  This reliance on oil has exposed the country to macroeconomic volatility. As of January 2021, Iraq's unemployment rate was more than 10 percentage points higher than its pre-COVID-19 level of 12.7 percentage points. 

The IMF's $3.22 Oil Valuation

The International Monetary Fund (IMF) mentioned a $3.22 rate, which indicates a historical valuation of oil in Iraq, highlighting the need for renewed economic strategies.  This valuation underscores the urgency for Iraq to diversify its economy beyond oil to secure fiscal and debt sustainability, advance economic diversification, and achieve sustainable, inclusive, and private sector-led growth. 

Iraq's Economic Outlook in 2024

In 2024, Iraq's economy is expected to continue its recovery, supported by a large fiscal expansion.  However, this expansion comes at the cost of further deterioration of fiscal and external accounts, increasing Iraq's vulnerability to oil price fluctuations.  Without policy adjustment, the risk of medium-term sovereign debt stress is high, and external stability risks could emerge. 

Key Downside Risks

Key downside risks include much lower oil prices or the spread of the conflict in Gaza and Israel.  These risks could significantly impact Iraq's fiscal and external balances, necessitating a fiscal adjustment to stabilize debt over the medium term while protecting critical social and capital spending. 

Strategies for Economic Diversification

To foster private job creation and ensure long-term external sustainability, Iraq needs to focus on private sector development and economic diversification. This includes containing the outsized public wage bill and mobilizing additional non-oil revenues through policy measures. 

Conclusion

Iraq's reliance on oil for economic stability is a double-edged sword, offering significant revenues but also exposing the country to macroeconomic volatility. The IMF's mention of a $3.22 rate for oil valuation highlights the need for Iraq to diversify its economy and develop strategies that ensure fiscal and debt sustainability, advance economic diversification, and promote sustainable, inclusive, and private sector-led growth.