Wednesday, January 8, 2025

FRANK26: STOP AUCTIONS MEANS ADD A NEW EXCHANGE RATE TO THE DINAR!! @DINARREVALUATION #iqd

STATUS OF THE RV , PART. 4 BY MNT GOAT, 8 JAN

STATUS OF THE RV , PART. 4

😊 In another article titled “ECONOMIST: NEW STEPS BY THE CENTRAL BANK REGARDING DOLLAR TRANSACTIONS” economic expert Safwan Qusay revealed on, Sunday, that there are new steps by the Central Bank to enhance transparency and global openness.

Qusay said that “the Central Bank of Iraq and the US Federal Reserve are moving towards authorizing Iraqi banks to contract with international auditing companies, instead of relying on the dollar selling platform alone, with the aim of auditing credits and transfers before they are implemented.”

And noting that “this step is a turning point that contributes to drawing a clear map for the work of Iraqi banks on the global stage. But we already knew this, didn’t we?

😊 Three very interesting articles in today in the news talk about the Iraqi non-oil revenues and the “unprecedented” climb in 2024 They are titled “GOVERNMENT ADVISOR: NON-OIL GDP GROWTH RATE IN 2024 IS UNPRECEDENTED”, “IS IRAQ FACING A CASH CRISIS?” and “AL-SUDANI CONFIRMS THAT THE GOVERNMENT HAS TAKEN PRACTICAL STEPS TO DIVERSIFY THE ECONOMY ”

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, “that the growth rates of the non-oil gross domestic product will rise in an unprecedented manner during the year 2024” and is expected to climb higher in 2025. Folks I just wanted to bring this news to remind you what the Finance Committee told us years ago. At that time they said that the non-oil revenues, if managed correctly, could rival the oil revenues.

WOW, WOW, WOW! But this is only the start. There is also the opening of the new port of FAW which has not yet taken off. So they are not yet there, but they are making great strides.

Let’s see what they can do in 2025 to drive this even to higher levels of revenues. Remember the ASCUNDA is in place, but not yet turned on until they have a FOREX rate. This will substantially drive-up revenues as well as the sales of many of the natural minerals being mined.

The part in one of the articles that really struck me was the talk to put in place practical steps, not theoretical ones, in the matter of diversifying the economy in the oil sector. It was pointed out that “Iraqi competencies have begun to manufacture and establish units in refineries, which gives value to the product and drives market stability. A country that produces more than 4 million barrels per day cannot continue to import oil and gas derivatives.”It wasadded:

“We have started several strategic projects that are being implemented for the first time in the country and in the history of the oil industry, and we have made great strides in solving the problems, especially in the issue of gas flaring, through the contracts and agreements concluded, and we have set a ceiling not exceeding 2028 to stop gas flaring and a zero percent rate in flaring associated with gas, and we are continuing to promote the patches and fields for free gas.” Incidentally if you recall years ago the minister of energy told us that they plan to capture this gas from the flaring and use it to power the grid. The excess will be sold. WOW, WOW WOW! But remember too they will need technical assistance in this work from outside engineers from the west.

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

TIDBIT FROM MILITIAMAN, 8 JAN

Militia Man

Article Quote: "The Central Bank of Iraq and the US Federal Reserve are moving towards authorizing Iraqi banks to contract with international auditing companies."

Why is the world would you be doing that if you weren't going international?

You wouldn't...We're not talking about the central bank or the state banks, we're talking about [private] Iraqi banks...

Quote: "This step is a turning point that contributes to drawing a clear map for the work of Iraqi banks on the global stage as they deal with international correspondence and financial guarantees in addition to instant transfers."

MAJEED: THEY HAVE ALREADY ADJUSTED THE PAYROLL ON THE NEW RATE!! @DINARREVALUATION

MARKZ: is the dinar floating?, 8 JAN

MarkZ

[via PDK] Question: is the dinar floating?

MarkZ: it's floating in the parallel market in a direction that supports us. It was 1500 a few days ago in the parallel markets which mean we are watching the dinar gain value in the free market.

They are changing how auctions work and want us to know why.

DINAR GURUS UPDATE, 8 JAN

DINAR GURUS UPDATE

Highlights

Summary

Here we features updates from various Dinar Gurus discussing the current economic and political landscape of Iraq and Vietnam, as well as speculations regarding changes in the exchange rate of the Iraqi Dinar.

Sandy Ingram highlights Vietnam’s robust economic growth projected for 2025, driven by factors such as a recovering real estate market and increased consumer spending.

Meanwhile, Jeff addresses rumors about potential changes to the Dinar’s exchange rate, asserting that any adjustments will not occur before January 15 and may only happen on Sundays thereafter.

The discourse also touches on Iraq’s future relations with Iran, particularly in light of the upcoming U.S. presidential transition, while various contributors express optimism about a potential rise in the Dinar’s value in international markets.

Overall, the updates reflect a blend of cautious optimism about the Iraqi economy and heightened scrutiny of its geopolitical relationships.

🚀 Vietnam’s Economic Growth: Experts predict Vietnam’s economy will grow significantly in 2025, between 6.5% and 8%.
💰 Dinar Rate Speculation: Jeff confidently states that the Iraqi Dinar exchange rate will not change on January 6, with potential adjustments expected after January 15.
🌍 Global Transactions: Misham Man emphasizes the importance of the Dinar in global transactions against other foreign currencies.
🎉 National Holiday: Banks in Iraq will remain closed for Army Day until the following week, causing a temporary halt in transactions.
📈 Dinar Value in Parallel Market: Mark Z indicates that the Dinar is gaining value in the parallel market, currently at 1,500.
🔍 U.S.-Iraq Relations: The incoming U.S. administration under Donald Trump is expected to reshape Iraq’s political landscape, particularly its ties with Iran.
🚧 Exciting Times Ahead: Contributors express enthusiasm about impending monetary reform and potential increases in purchasing power for the Iraqi citizens.

Key Insights

📊 Economic Indicators in Vietnam: The strong economic growth forecast for Vietnam indicates a transformative phase, driven by recovery in real estate, infrastructure investment, and consumer spending. This growth could serve as a model for other emerging markets, showcasing the importance of government involvement and market recovery post-crisis. The optimism surrounding Vietnam’s economy suggests it may become a critical player in Southeast Asia, thereby attracting foreign investments and enhancing bilateral trade relations.
🔄 Exchange Rate Dynamics in Iraq: The speculation surrounding the Iraqi Dinar’s exchange rate underscores a complex interplay of political, economic, and market forces. Jeff’s insights reflect the uncertainty that often accompanies currency speculation, illustrating the need for investors to remain agile and responsive to changing conditions. The stipulation that changes can only happen after January 15 demonstrates the significance of timing in financial markets and the broader implications for investors holding Dinars.
🌐 Global Currency Transactions: Misham Man’s assertion about the Dinar’s role in global transactions points to Iraq’s potential to become more integrated into the international financial system. This shift could enhance liquidity and stability for the Dinar, but it also raises questions about how Iraq will manage its relationships with other currencies, particularly in light of geopolitical tensions. The move towards broader acceptance of the Dinar could signify a strategic pivot aimed at reducing reliance on the U.S. dollar.
🇮🇱 Geopolitical Implications of U.S. Policy: The anticipated shift in U.S. policy under Trump regarding Iraq-Iran relations could significantly impact Iraq’s political stability and economic prospects. If Trump’s administration pursues a hardline approach against Iran, it could lead to a recalibration of Iraq’s foreign policy and alliances, potentially isolating Iran and altering the balance of power in the region. This geopolitical maneuvering could also affect investor confidence and the valuation of the Dinar.
📅 Timing of Monetary Reforms: The mention of a national holiday and the subsequent closure of banks highlights the administrative and procedural realities that can impact the timing of monetary reforms. These factors are critical when considering when to execute financial strategies or investments. The anticipation of monetary reform reflects a broader understanding that timing, coupled with geopolitical events, can create opportunities or risks for investors in the currency market.
🔄 Market Reactions and Dynamics: Mark Z’s observation about the Dinar gaining value in the parallel market suggests an evolving market dynamic that could foreshadow broader acceptance and stabilization of the currency. The ability of the Dinar to appreciate in value indicates a potential turning point for Iraq’s economy, where market forces begin to align with governmental reforms. This is significant for investors, as it may signal a more favorable environment for investment in Iraqi assets.
💡 Public Sentiment and Expectations: The general excitement expressed by various contributors about impending changes and reforms indicates a shift in public sentiment towards optimism regarding Iraq’s economic future. As citizens begin to perceive a potential increase in purchasing power and economic stability, this positive outlook could lead to increased consumer spending and investment, ultimately fostering a more robust economic landscape. The collective anticipation around these reforms can also influence governmental policy decisions and the overall economic climate in Iraq.

In summary, the updates from various Dinar Gurus paint a complex picture of both challenges and opportunities facing the Iraqi economy and its currency.

The interplay of economic indicators, geopolitical dynamics, and public sentiment shapes the landscape for investors and stakeholders looking to navigate this evolving environment. The insights gleaned from the discussions reflect not only the immediate concerns regarding currency valuation but also broader implications for Iraq’s role in the global economy.

DINAR REVALUATION