DINARES GURUS UPDATE, 13 DEC

 DINARES GURUS UPDATE

Summary

Sudani promises a new exchange rate for the Iraqi Dinar, emphasizing the importance of passing budget and investment laws for Iraq’s economic growth.

Highlights

• 💰 Sudani promises RV date for the Iraqi Dinar.
• 📜 Parliament’s inaction delays new exchange rate.
• 👥 Sudani vows to hold politicians accountable.
• 🚀 Passing budget laws can unlock economic opportunities.
• 🌍 Iraq’s resilience is recognized by the UN.
• 🎓 Community efforts improve education and healthcare.
• 🤝 Unity among Iraqis drives change and progress.

Key Insights

• 💵 Economic Potential: Sudani’s commitment to a stronger Dinar aims to boost citizen confidence and stabilize the economy. This could shift market dynamics significantly.
• 🏛️ Legislative Roadblocks: The lack of passed budget and investment laws creates a bottleneck for economic development, underscoring the need for legislative action to enable funding for essential services.
• 🔍 Accountability Measures: Sudani’s promise to expose corrupt politicians signals a shift toward transparency, which is crucial for rebuilding trust among citizens.
• 🌱 Investment Climate: Robust investment laws are essential for attracting both local and foreign investors, which can catalyze job creation and infrastructure development.
• 🏗️  Community Resilience: Local initiatives in education and healthcare demonstrate the power of grassroots efforts, showcasing how communities can uplift themselves despite challenges.
• 🌟 International Recognition: The UN’s acknowledgment of Iraq’s resilience highlights the potential for growth and stability, encouraging global support and investment.
• 🤗 Collective Strength: The unity among Iraqi citizens in pursuit of change illustrates that collective action can lead to meaningful progress, serving as an inspiration for other nations facing similar struggles.

REINALDO JC: IT BEGINS!! @DINARREVALUATION #iraqidinar #iraqidinarinvestor #iraqidinarexchangerate

 

PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION, 13 DEC

PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION

 
Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank Platform Iraqi To sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, “The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption. Pointing” Today, a new mechanism for transfer within the Central Bank has begun. Iraqi and its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

 He pointed out that “these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.”

STATUS OF THE RV, PART. 1 MNT GOAT, 13 DEC

STATUS OF THE RV

As we get closer to the end of the currency auctions and switchover to the new international system a the end of the year, like any drastic change in policy there has to be a known solid justification in the minds of the citizens to do it.

 There are many opponents to this switchover and billions of dollars are going to be lost that can no longer be stolen. Of course they are going to fight it. So today we read multiple articles on this subject matter. 

According to my CBI source on my conversation yesterday, this is all part of a news campaign to inform the citizens to justify these very near changes to the currency auction system.

 The CBI needs the support of the citizens. 

The CBI must have a solid backing of the citizens and they must know the truth for the change and know it is a positive change. 

Remember that this money stolen is their money. It is money that can’t be used to rebuild their country and provide the needed services.

😊You might want to take a look at the following articles today from Iraq. Are all these sudden articles coming out now coincidental? Yes why now?  

“GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION” and

“PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION” and

“BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE”

Then in my last Newsletter dated 12/10 remember this article titled “WAYS YOU NEVER THOUGHT OF.. JUDGES REVEAL METHODS OF SMUGGLING HARD CURRENCY”

I  hope you can see why this kind of news is coming out now.

How many times have these crooked politicians and money handlers tried to get rid of Ali Al-Alaq as the director of the CBI. I have lost count already. But we can see why they do not want his policies. 

We can clearly see there are crooked politicians that do not want this change in the currency auctions to occur. They do not want Iraq to progress away from the sanctioned currency mode of the three zero notes. They are making billions off the hardship of the Iraqi economy.

But for Iraq it is time to shake the shackles of the sanctions, which by the way, have been over since December 2022, if you recall. To progress further we know that Iraq must changeover their currency and when they do it part of the process is the revaluation. 

Folks listen to what I am going to say next. Yes, listen VERY carefully. My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago.

 They would not have to wait. It does not take a rocket scientists to see that a one dinar note etc., etc. would be worthless without a revaluation to coincide. Now that we all understand this we can now see why they delay in doing the Project to Delete the Zeros and why these idiot intel gurus lie to you about it. 

How many times have they told you their so called “contacts in Iraq” (or should I say fake contacts in Iraq) have told them the lower denominations were issued. If you use your brain you can see this could not possibly happen with a coinciding revaluation. Yes, at least the in-country revaluation step we are watching for. So let’s get past all these lies.

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

JENTEL SHORT: " Its Saturday for the announcement of the rate in the Gazette." @DINARREVALUATION

 

BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE WITH COMMENTS OF MNT GOAT, 13 DEC

 BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE

Where did it go?  

A specialist revealed a difference of nearly 10 billion dollars between the Central Bank of Iraq’s sales and the Ministry of Finance’s purchases over the past 11 months.

Financial expert Ali Daadoush pointed out that there is a difference of (10) billion dollars in purchases from the Ministry of Finance compared to sales from the Central Bank of Iraq.

Daadoush said, in an interview with Al-Jabal, that “the Central Bank of Iraq sells the dollar through its window for about 72.385 billion dollars until November 2024, compared to purchases from the Ministry of Finance for about 62.435 billion dollars for the same period, and this means there is a difference of (10) billion dollars,” stressing the need to disclose the money “Where did it go and what is its fate?”

Daadoush explained that “the result is a decrease in the official reserves of the Central Bank, which amounted to nearly 106 billion dollars, according to data from the Central Bank of Iraq.”

He added: “But the important question is what about the year 2025 and the continued reliance on oil revenues under the new US administration and the possibility of intervening in the international oil market in various ways and means. This means that the Iraqi economic and financial situation will be in danger and unknown.”

Earlier, MP Sarwa Abdul Wahid called for the formation of a parliamentary committee to present its results to the House of Representatives regarding the difference in the budget tables, which amounts to 10 billion dollar or 8 trillion dinars.

SANDY INGRAM CC HIGHLIGHTS NOTES, 13 DEC

 SANDY INGRAM CC HIGHLIGHTS NOTES

Summary

Iraq’s imports surged by 158% in Q1 2024 compared to Q1 2023, indicating mixed implications for the IQD and USD exchange rates.

Highlights

• 📈 Iraq’s imports increased by 158% in early 2024.
• 📊 Comparison made to same period in 2023.
• ⚖️ Mixed implications for the IQD and USD.
• 💰 Central Bank of Iraq (CBI) reported the surge.
• 🌍 Economic factors influencing currency rates.
• 🚦 Good and bad news for the Iraqi economy.
• 🔍 Importance of monitoring import-export dynamics.

Key Insights

• 📈  Surging Imports: A 158% increase in imports reflects growing demand for foreign goods, which could affect local production and currency stability.
• 📉 Impact on IQD: Increased imports may lead to a depreciation of the IQD if not matched by export growth, as more currency is required to purchase foreign goods.
• 💵 USD Demand: Higher imports typically increase demand for USD, as many transactions are conducted in this currency, potentially strengthening it against the IQD.
• ⚖️ Balance of Trade: A significant rise in imports without a corresponding increase in exports can worsen Iraq’s trade balance, impacting economic stability.
• 📊 Economic Growth Indicators: While the surge in imports may indicate economic growth, it also raises concerns about dependency on foreign goods, which could hinder local industries.
• 🔍 Monitoring Trends: Investors and analysts must closely monitor import-export trends to anticipate shifts in currency valuation and economic health.
• 🌐 Global Market Influence: Iraq’s import policies and global market conditions play a crucial role in determining exchange rates, making it essential to stay informed on international trade dynamics.