Frank26
[Iraq boots-on-the-ground report] FIREFLY:Saleh on TV saying a new monetary and financial system that allows acceptance of the international and stability of the currency is imminent.
FRANK: That would be because they are releasing a new exchange rate.
Parliamentary Integrity Commission Reveals Government Move To Recover Looted Funds
Information / Baghdad.. Member of the Parliamentary Integrity Committee, Hamid Al-Shiblawi, revealed today, Thursday, a government move to recover the corrupt and the stolen money outside the country.
Al-Shablawi told Al-Maalouma Agency, "There is coordination between the oversight institutions and Parliament to uncover major corruption files."
He added that "his committee is in the process of legislating a number of laws that will help the government's oversight body combat corruption and recover stolen funds."
He pointed out that "his committee had previously begun opening numerous files by the Parliamentary Integrity Committee concerning all state institutions and ministries."
Al-Shablawi pointed out that "there is a government move to recover the corrupt and the looted money inside and outside the country." LINK
What else is in the news?
😊 I saved the best for last. The title of the article is “REMOVING ZEROS AND REVALUING THE IRAQI DINAR”.
If you just read the title it is all telling of what the author is trying to say.
Yes, it says revaluing the Iraqi dinar and isn’t that what we are here for in the blog, to learn more about the process as to how they are doing this and getting ahold on the timing of it.
So, I really like this recent article as it tells much more than many of the other articles, we have read about removing the zeros. In today’s article let me quote from it as Ali Daadoush gives us many reasons why a country may do this process other than just hyperinflation, as many people want to tell you and discourage you.
I quote from Ali Daadoush’s article: “There are several reasons behind renaming the currency (removing zeros), and they can be summarized as (controlling inflation, facilitating trade and the economy, political factors such as a change in government, for example, in addition to technical considerations such as updating financial systems, which are usually part of a larger project to update the country’s financial systems, such as converting to new digital systems for dealing with the currency).”
Then he goes on to say also and I quote “From what has been mentioned, we find that (deleting zeros) is not carried out randomly, but rather is implemented after a comprehensive study of the economy and the challenges it faces, and it must be accompanied by other economic and financial measures to protect the economy from financial fluctuations.
Therefore, renaming the currency is a complex decision that requires a comprehensive study of the economy and politics in the country, and it must be implemented while minimizing the potential negative effects on the economy and citizens.
Is all of what he is saying all of what Ali Al-Alaq, the Director of the CBI has been telling us too.
So why do we all worry so much about when this event is going to happen?
Don’t you see that if you just follow what else the CBI is telling us as he just told us and I quote “by other economic and financial measures to protect the economy”. So, what are the “other” economic and financial measures?
We know them to be the Pillars of the Finanicial Reform and the Economic changes they are making.
We now see in the news this migration more to much news on working on the economy now and moving away from news on the Pillars (banking, stock market and insurance reforms).
So what does this tell us?
It says they have made much progress in the reforms as stated that needed to be accomplished in their strategies. Remember the article about the strategies and how they planned to tackle these issues with the economic and financial and what measures they would take.
Folks, I hope this all makes sense to you. I know my RV Status commentary was wordy and long today but I do not know how else to explain it all to you except to try to connect the dots and help you see the bigger picture that Iraq is not just going to pop out a rate on FOREX without first accomplishing all these other tasks, and they need to first accomplish these items as they talk about in these ongoing strategies, then to conduct the Project to Delete the Zeros and the final product, a byproduct of it all, is to reinstate the dinar to FOREX.
We must all just settle down, relax as we are NOT going to see the RV process kick into high gear until after the U.S. November election and you damned well better pray this current corrupt administration is gone.
What can we as investors do right now?
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 the aren’t and I don’t care what the hell they are saying anyway. None of this ridiculous NESARA or GESARA bullshit either. Get it? Stay away from all this crap. It is 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/MP Reveals Strategy To Achieve Self-Sufficiency In Petroleum Derivatives
Information/ Baghdad.. Member of the Parliamentary Oil Committee, MP Ali Saadoun, revealed on Thursday a strategy to achieve self-sufficiency in oil derivatives in a southern governorate.
Saadoun said in an interview with Al-Maalouma, "Maysan Governorate comes after Basra in crude oil production, which reaches 600 thousand barrels per day, and despite the presence of a refinery, it does not cover its needs for oil derivatives.
He added, "The Ministry of Oil has begun adopting a strategy, the first stage of which is to add a unit with a capacity of 70,000 barrels per day to the Maysan refinery in order to produce larger quantities of petroleum derivatives, especially gasoline and kerosene."
He pointed out that "achieving self-sufficiency in petroleum derivatives will create high flexibility in providing needs throughout the year without any difficulties, especially with the growing rates of demand for various types of fuel."
It is noteworthy that the Maysan refinery consists of 4 production units with different capacities, which provide the largest part of the governorate’s needs for petroleum derivatives.” LINK
What else is in the news?
In speaking about the Pillars of Financial Reforms, I am referring now to two articles concerning the Stock Market reforms.
😊 The first article talks about obligating all licensed exchange companies under categories (A, B) and all licensed brokerage companies of category (C) to buy and sell foreign currencies to obtain a specialized certificate for their companies’ work. This is all good as it shows the CBI is adding yet another safeguard of the Iraqi Stock Exchange (ISX) from corruption. It is titled “SPECIALIZED COURSE IN THE WORK OF EXCHANGE AND BROKERAGE COMPANIES (A, B, C)”
😊 Then in another article they tell us the market value of listed companies on the ISX increased in market Iraq for securities to exceed the 20 trillion dinar barrier for the first time Iraqi supported by the banking sector. I want to point out that the articles says “supported by the banking sector”. Do you see now how the Financial Reforms support each other and are an important foundation for what is to come next?
What is to come next?
Could it be the currency reform? Yes, the Financial Reforms will have to be put in place for the currency reforms to be implemented. Again, the foundation must be laid before we can see the currency reform process. Go read the article titled “INCREASE IN THE MARKET VALUE OF COMPANIES LISTED ON THE IRAQ STOCK EXCHANGE”. Go read it.
Yes, so I am going to be persistent in drilling the Pillars of Financial Reforms into everyone’s head. I am relentless as this is the CBI talking to me asking now to tell you the TRUTH. This is how and ONLY how we are going to see the reinstatement. This groundwork or foundation work must first be laid and it is being accomplished as I write this Newsletter. Get it?
😊 Croatian PM: Iraq represents an important opportunity for development and investment in the energy and oil sector
😊 EdgeNext and Commercis announce Partnership for Iraq Expansion. According to a press release, this collaboration will enable the expansion of EdgeNext’s cloud delivery services throughout Iraq, “bringing transformative improvements to the country’s digital landscape.”
😊 US Ambassador discusses with Oil Minister reopening Iraq-Türkiye pipeline. US Ambassador Alina Romansky discussed with Oil Minister Hayan Abdul-Ghani the reopening of the Iraq-Turkey pipeline today, Friday.
😊 Al-Sudani: Investment opportunities exceeded $100 billion and industrial cities were established in Baghdad. Prime Minister Mohammed Shia Al-Sudani held a meeting yesterday, Monday, with the Chairman of the Egyptian Al-Suwaidi Group of Companies, Ahmed Al-Suwaidi, and a group of directors of Egyptian industrial and commercial companies, in the presence of a number of advisors to the Prime Minister.
During the meeting, Al-Sudani pointed out the expansion of economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector, stressing that the investment opportunities offered in Iraq,
😊 Next, I want to bring one more bit of news to you that I consider a very good explanation of exactly what I have been telling you about the phased approach to reforms all in one article. It is a VERY GOOD summary of it all. Please take the time to go read it. I talked more about this in my Tuesday 10/22 Newsletter. Of course, I can also say I showed you all of this in various articles from the past. Do you remember? The title of the article is “BANKING REFORM METHODOLOGY AT THE CENTRAL BANK (2016-2026)”. Yes it is a WOW! article.
I quote from the article –“The steps of banking reform that the Central Bank has been taking since 2016 began when Mr. Ali Mohsen Al-Alaq was appointed Governor of the Central Bank of Iraq on 9/9/2014, which is a difficult and complex stage in Iraq’s security and economic history.”
So, you see this is why my CBI contact told me Ali Alaq was not going anywhere when he pressured them to accept his methods of reform or he would resign. The pressure to get him to resign did not work. The good guys in the government did not accept his resignation and instead they are now only following and supporting his plan even more. But who wanted him to resign in the first place?
It was, of course, the Iranian backed politicians in the parliament. Can you see it now? Can you see the corruption of the politicians on one hand who do not want Iraq to move ahead? Like in the U.S. they seeded these corruption politicians in the government through the free elections, which they probably rigged. Can you see why it is taking so long to get back on FOREX? Yes, it’s a long road and they are literally “slugging it out” to get there. But they will succeed and we are seeing their success in every one of my Newsletters. We all know what the final “prize” is, don’t we?
Thurs. 14 Nov. 2024 Wolverine President Trump will make an announcement to the Banks tomorrow Fri. 15 Nov. 2024. WF will then send emails...