Wolverine
Delete Zeros And Evaluate The Dinar
Economic 11/18/2024 In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign currency), and revaluation is the opposite of devaluation.
In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and developing economies are likely to use a fixed exchange rate system in order to limit speculation and provide a stable monetary system in the country.
In a flexible exchange rate system, revaluation occurs on a regular basis, as evidenced by the noticeable fluctuations in the foreign exchange market and the associated exchange rates.
For example, the United States maintained a fixed exchange rate until 1973, when President Richard Nixon decided to abandon the gold standard and switch to a flexible exchange rate system.
As for China, despite having an advanced economy, its currency remained fixed until 1994, before the Chinese government revalued its currency in 2005, which was linked to the US dollar. After the revaluation, it was linked to a basket of global currencies.
The decision to revalue a domestic currency affects the economy as a whole, as it affects both the currency being examined and the valuation of assets held by foreign companies in that particular currency.
Since revaluation has the potential to change the exchange rate between two countries and their currencies, the book values of assets held abroad may have to be adjusted to reflect the effect of the change in the exchange rate.
For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before.
If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued.
If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000.
This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.
Another example is what the Iraqi government did in 2023 when it raised the value of the Iraqi dinar from 1450 dinars/dollar to 1300 dinars/dollar. https://alsabaah.iq/106053-.html
Ariel: We are but a hair’s away from cashing in.
𝙃𝙤𝙩 𝙊𝙛𝙛 𝙏𝙝𝙚 𝙋𝙧𝙚𝙨𝙨…
What did I tell you all?
Did you order Iranian Rials like I suggest?
Did you buy Vietnam Dong like I suggested?
Did you buy Zimbabwe notes like I suggested?
Because you are but a hair’s away from cashing in.
Many people are going to have a hard time sleeping tonight.
Because regarding if it pops up tomorrow you will not know how to get comfortable simply because it looks like it’s already on there based on the chart below.
People if this chart doesn’t convince you that things are moving I do not know what will. Because as I said before the Dinar goes 1st. Once that is released its game on for the rest of the 1st basket currencies. This shouldn’t even be on here.
Mon. 18 Nov. 2024 TNT Call:
1. Ray was very excited. Tony said Ray was trying to give away the good stuff.
2. Tony said he had a special weekend of ups and downs.
3. Two updates during the weekend of ups and downs.
4. The RV was supposed to have happened over the weekend, but it didn’t.
5. All three letter agencies said the celebration scheduled for Saturday was rescheduled for today in Zurich.
6. They say the RV is complete and we will see it sometime today.
7. Some banks have received memos today that the RV is happening – we could see it any time today.
8. The VND rate is $0.39 right now.
9. Some countries say they are going to attack Israel.
10. Most countries are worried about the new administration.
11. We will make a lot of changes after the RV on our part. It becomes a new world for us.
12. All the three-letter agencies said that the RV will be done today.
13. Ray is very excited. When asked between 1 and 10, with 10 being the highest, Ray, where is it? Ray said 12.
14. The same question was asked to Tony, and Tony said 9.
15. Some people will have multi-currency accounts. Tony said he wouldn’t have any.
16. They are saying it is done and released. The process is underway right now.
17. The banks and the Federal Reserve are waiting for the email right now.
18. Tony said he is also waiting for the email from the banks.
19. The RV has been completed and released and the process is underway right now.
https://dinarchronicles.com/2024/11/19/restored-republic-via-a-gcr-update-as-of-november-19-2024/KTFA
FRANK26: "HCL BEING PREPARED!!!"........F26
11/17/2024
Baghdad - INA
Today, Sunday, the Trade Bank of Iraq ( TBI ) announced the opening of an office inside the SOMO oil company building.
The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."
He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."
He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."