STATUS OF THE RV , PART. 2 BY MNT GOAT, 22 FEB

 STATUS OF THE RV , PART. 2 

The reason can be summed up in one word – CORRUPTION. Vietnam launders the US Dollar for China. They also play a vital role in providing sweat shops for cheap labor for China owned companies. By keeping the rate low they are able to out produce most developed countries. This is why mimicked/copied products made in China are so cheap. It is that simple.

Yes, another stupid currency policy in spite of common sense. If you really wanted to hurt China and Vietnam for money laundering and sweat shops, you could revalue the currency to their real nominal value. This would hurt China and they would back off of using Vietnam so much this capacity. But these IMF currency policies seem to be all backwards and seem to support yet more corruption rather than stopping it. Sound familiar like they did also in Iraq with the dollar and currency auctions. Go figure!!!

If you play around with the dollar you are penalized. The US dollar is still King and when you play around with the King’s pawns, you get hurt. So, what is now happening in Iraq? They too are playing around with the King dollar and if they can’t fix this corruption soon it might also be a long wait for them too. Heck, it’s already been 20 years……. On the flip side of all this I don’t think the IMF, Word Bank or the CBI want to wait that long and are working diligently to fix the situation in Iraq. Perhaps they may bundle the Vietnam Dong too with the Iraqi dinar and so them both at once? But this will only happen with a sound monetary policy that changes the thinking of putting all currencies on a fair and level playing field. The currencies must be “Asset Backed” for their valuations. The prophets say that this is coming and we should be patient.

I also want to remind everyone of the video in one of my last Newsletters dated 02/18 of Steve Forbes and his speech on controlling the value of currencies. He specifically stated that it is not about focusing on the economy (which the Obama/Biden plan calls for) but instead looking at the non-monetary and monetary inflation signals when managing a currency. This is why the CBI has repeatedly told us their number one main concern is controlling inflation and not building the economy.

The Obama/Biden foreign policy also does not consider the billions of dollars in the DFI fund and the gold reserves. This wealth is not in the ground waiting to be tapped but liquid capital like collateral for the Iraqi economy. Like they told us many times already they can almost cover all of the dinar in circulation by 150% backed by their reserves alone. Can any developed country in the world claim this?

Do you see a conflict on plans here of how to develop Iraq – the CBI policy versus US foreign policy? Actually, this is what the uphill battle is all about that I keep talking about. What gives the US so much power to decide how Iraq will conduct its business? This idea that if you grow the economy inside Iraq it will supply most of Iraq’s needs, thus put the burden of lessening imports, thus less global trade is necessary thus less dollars used, thus the dinar will go up since the demand for dollars goes down to pay for the imports. What a silly notion. We go back to what comes first the chicken or the egg. But his is the Obama/Biden plan for Iraq and how to raise the rate of the dinar over the dollar. Get it?

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

MARKZ: "Yes, we are trained and ready to go!" @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

GOVERNMENT ADVISOR STRESSES IMPORTANCE OF GOLD TRADE GOVERNANCE TO SUPPORT CURRENT ACCOUNT OF BALANCE OF PAYMENTS, 22 FEB

 GOVERNMENT ADVISOR STRESSES IMPORTANCE OF GOLD TRADE GOVERNANCE TO SUPPORT CURRENT ACCOUNT OF BALANCE OF PAYMENTS

A government advisor stressed the importance of governing the gold trade to support the current account of the balance of payments.

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, told Al Furat News Agency that “adopting advanced industrial protection policies will have a positive impact on the quality of the national gold product and the stability of its prices.” 

He pointed out that “this step will enhance the protection of one of the most important pillars of the national and household economy, with a direct and positive impact on the current account of the balance of payments.”

Saleh explained that “regulating the import and re-export of unprocessed gold will contribute to achieving added value for the national economy,” stressing “the importance of close supervision by the competent authorities to ensure that the movement of gold is limited within the framework of an economically organized trade with high returns and sound governance.”

The Industrial Coordination Council had approved in its meeting the day before yesterday, Sunday, the localization of the precious metals industry, including gold and jewelry, in addition to cosmetic products, with instructions to provide all necessary facilities for those wishing to establish their own factories. It was decided to monitor the quantities of gold exported abroad, through controls that determine the quantities remanufactured, and to submit documents to the Central Bank that secure the value of the exported quantity, and to return the quantity after completing its manufacture to the country, under the supervision of the Central Bank.

STATUS OF THE RV, PART. 1 BY MNT GOAT, 22 FEB

 STATUS OF THE RV, PART. 1

Oh… this is VERY hard today in writing this Newsletter. Please don’t shoot the messenger!  How can I possibly make better all the recent negative news? Oh… you say you are having a hard time accepting reality?

 This sobering news I present I hope will wake people up to the reality of what is now happening in Iraq. But it can also change on a dime and probably will. I have to tell you the problems stem mostly from the US and it efforts not to support Iraq in a “real sense”.

 It appears they will go a long way to shoot off their mouths about their self-righteousness and humanitarianism but only to protect the US dollar and use their military bases and nothing else.  

But there is actually some good news too. Let’s explore both. I have put many of my commentary within the articles in the Articles Section today to shorten this Status of the RV section. I don’t want to write a book… lol.. lol.. lol.

😊 A sobering article in today’s news titled “A BURNING ECONOMIC DEBATE.. IS RAISING THE EXCHANGE RATE THE MAGIC SOLUTION FOR THE IRAQI ECONOMY?”. Sounds like a catchy title but I assure you if you read the full article, it is more negative thoughts about the dinar. The bad news is the deputy director of the CBI talks about lowering the “official” exchange rate to 2,000 – 2,500. I know it says raising in the title, but this is deceiving. They are using the literal sense of raising the numbers from 1310 to 2,000 – 2,500 dinars per dollar for the official CBI rate. They have not yet officially done it only debating it in the CBI.

Why are they contemplating this de-valuation of the dinar?

There is a shortfall of nearly $1.5 – 2.5 billion in oil revenues due to the oil being shut off from regions in Kurdistan in protest from not getting salaries paid correctly and the cost of extraction of the oil not appropriately accounted for in the budget amendment. This occurred during the weeks of ongoing debate to pass Law No. (4) of 2025 “First Amendment to the Federal General Budget Law. The Kurds simply shut off certain wells. Now they want their salaries but the Federal government in Baghdad is telling them they did not pump the oil to meet the budget as in the constitution. So, they are negotiating now how they are going to handle this payment. What they really need is the Oil and Gas Law to solidify these rules on the management of this oil. Kurdistan can not continue to disrupt the government as it has now and in the past every time it has a dispute.  

The author pointed out that “Iraq has reserves of nearly 120 billion dollars against a trading source estimated at 103-104 trillion dinars, which gives the Iraqi currency a cover of nearly 170%, which is not a small matter, but the relationship with the dollar requires adjusting the exchange rate to achieve the required balance.”

The author also adds “The real problem that hinders the rise of productive sectors, especially agriculture and industry, is related to the energy crisis, especially electricity, as this crisis leads to higher production costs, which prevents the development of these sectors,”. How many articles have we heard about this damned electric grid for Iraq. Now we see it again and the consequences of not having a secure 24/7 electric grid. How do you run the oil pumping stations, all the Point-of-Sale machines in the marketplace with electricity? How do the banks conduct electronic banking when electricity is unreliable?

So, we found out on Tuesday that is was the US itself that was hindering Iraq in getting this electricity problem solved. Go back and read the article. Don’t they want Iraq to progress? So, talk by the US is cheap and actions speak louder than words. Up to now I am convinced that it has been the US as one of the leading factors in holding back Iraq. I have given you so many examples already of what I mean by this statement. I am really getting sick and tired of all these stupid, ignorant intel gurus out there telling you Iraq and the all the four-letter agencies say they want the RV. No, they don’t and couldn’t give a damn about Iraq. Get it? The US has been the holdup, I assure you of this FACT! A decade ago, the CIA even came out in an article and told us that Iraq would be a detriment to the middle east if it were to develop into a wealthy superpower. They told us that it must be contained. What the hell did this mean? Now we know. Folks it has been 20 years already and still Iraq is not rebuilt, still does not have their currency returned, and not yet reinstated on FOREX?

I find it very funny how investors to the IQD flock to it with grandeur stories of getting rich quick, comparing it to the Kuwaiti dinar reinstatement in the 1990’s. However maybe we should put on our “Big Boy” pants, get real and compare the IQD more appropriately to the Vietnam Dong.

So, let’s also take a look at the Vietnam Dong saga, as an example. Will Iraq have to wait much longer like Vietnam has since Vietnam is still without their normal lower denominations of Dong notes. They have been waiting since the Vietnam War was over in the early 1970’s. It has been over 50 years already for them and still, they use the large three zero notes. Why have they not revalued and did their Project to Delete the Zeros?...

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

Fnu Lnu :The Dinar is now getting International attention! @DINARREVALUATION #iraqidinarinvestor

 

48 SUMMONS AND ARREST WARRANTS AGAINST MINISTERS AND THOSE OF SIMILAR RANK DURING 2024, 22 FEB

 48 SUMMONS AND ARREST WARRANTS AGAINST MINISTERS AND THOSE OF SIMILAR RANK DURING 2024

(When are the summons and arrests going to begin in the US for all their corruption being found?)

The Federal Integrity Commission disclosed, on Monday, its annual report on its overall “achievements” in the year 2024 in all of Iraq except the Kurdistan Region.

The Commission stated in a statement received by Shafaq News Agency that it was able to reveal the prevention of waste and preservation of nearly 950 billion Iraqi dinars and nearly 9 billion US dollars during the year 2024.

The Authority also considered 71,823 reports and criminal cases and issued 19,683 arrest, summons and detention orders.

She pointed out that, in cooperation with the judiciary, 48 summons and arrest warrants were issued against ministers and those of similar rank, and 418 warrants were issued against those with special ranks.

The Commission stated that the accused referred to the court of subject matter are 12,994 accused, including 18 ministers and those of similar rank.

(So you see the US is not the only country cleaning out the corruption and the corrupt officials.)

TIDBIT FROM FRANK26, 22 FEB

 Frank26  

 Trump and Sudani, that combination IMO is unstoppable for your monetary reform. I dare them to try to stop this now because Trump is there now. 

 Why do I say such a thing? 

 Because both sides have a currency that needs help form each other...

This mutual symbiotic relationship is going to be so powerful in the banking industry.  Both the American dollar and the Iraqi dinar are about to rule...